Huadian Ener-B
Huadian Energy Company Limited engages in the generation and sale of electric power in China. The company generates electric power through thermal sources, as well as provides heat services. It also involved in coal production and sales business. It has an installed capacity of 25.7693 million kilowatts of thermal power. The company was formerly known as Heilongjiang Electric Power Co. Ltd. and c… Read more
Huadian Ener-B (900937) - Net Assets
Latest net assets as of June 2025: $5.88 Billion USD
Based on the latest financial reports, Huadian Ener-B (900937) has net assets worth $5.88 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($29.68 Billion) and total liabilities ($23.81 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.88 Billion |
| % of Total Assets | 19.8% |
| Annual Growth Rate | 5.15% |
| 5-Year Change | 644.06% |
| 10-Year Change | N/A |
| Growth Volatility | 114.85 |
Huadian Ener-B - Net Assets Trend (2015–2024)
This chart illustrates how Huadian Ener-B's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Huadian Ener-B (2015–2024)
The table below shows the annual net assets of Huadian Ener-B from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $6.03 Billion | -3.18% |
| 2023-12-31 | $6.23 Billion | -7.55% |
| 2022-12-31 | $6.74 Billion | +420.96% |
| 2021-12-31 | $-2.10 Billion | -359.00% |
| 2020-12-31 | $810.81 Million | -58.15% |
| 2019-12-31 | $1.94 Billion | +4.79% |
| 2018-12-31 | $1.85 Billion | -32.14% |
| 2017-12-31 | $2.72 Billion | -33.54% |
| 2016-12-31 | $4.10 Billion | +6.82% |
| 2015-12-31 | $3.84 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Huadian Ener-B's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 510445602099.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $9.13 Billion | 245.80% |
| Total Equity | $3.72 Billion | 100.00% |
Huadian Ener-B Competitors by Market Cap
The table below lists competitors of Huadian Ener-B ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Abacus Life Inc.
NASDAQ:ABL
|
$276.35 Million |
|
Qiaoyin Environmental Tech Co Ltd
SHE:002973
|
$276.45 Million |
|
Shinko Electric Industries Co. Ltd.
PINK:SHEGF
|
$276.46 Million |
|
Joeone Co Ltd
SHG:601566
|
$276.49 Million |
|
Sequent Scientific Limited
NSE:SEQUENT
|
$276.27 Million |
|
Neuca S.A.
WAR:NEU
|
$276.08 Million |
|
Greentown Management Holdings Company Limited
PINK:GRMHF
|
$276.06 Million |
|
Shift Up Corporation
KO:462870
|
$276.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Huadian Ener-B's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,488,334,887 to 3,716,291,826, a change of 227,956,938 (6.5%).
- Net income of 165,524,189 contributed positively to equity growth.
- Dividend payments of 435,758,784 reduced retained earnings.
- Other factors increased equity by 498,191,534.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $165.52 Million | +4.45% |
| Dividends Paid | $435.76 Million | -11.73% |
| Other Changes | $498.19 Million | +13.41% |
| Total Change | $- | 6.53% |
Book Value vs Market Value Analysis
This analysis compares Huadian Ener-B's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.40x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.80x to 0.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $0.23 | $0.19 | x |
| 2018-12-31 | $0.16 | $0.19 | x |
| 2019-12-31 | $0.17 | $0.19 | x |
| 2020-12-31 | $0.06 | $0.19 | x |
| 2021-12-31 | $-0.21 | $0.19 | x |
| 2022-12-31 | $0.51 | $0.19 | x |
| 2023-12-31 | $0.44 | $0.19 | x |
| 2024-12-31 | $0.47 | $0.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Huadian Ener-B utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.91%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 8.07x
- Recent ROE (4.45%) is above the historical average (-29.81%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 0.73% | 0.25% | 0.38x | 7.68x | $-296.16 Million |
| 2016 | 4.38% | 1.72% | 0.34x | 7.50x | $-190.77 Million |
| 2017 | -47.82% | -12.15% | 0.36x | 11.00x | $-1.33 Billion |
| 2018 | -48.43% | -7.77% | 0.39x | 15.98x | $-919.20 Million |
| 2019 | 4.54% | 0.70% | 0.46x | 14.24x | $-90.81 Million |
| 2020 | -183.71% | -10.37% | 0.47x | 37.73x | $-1.17 Billion |
| 2021 | 0.00% | -29.96% | 0.43x | 0.00x | $-2.73 Billion |
| 2022 | -29.68% | -5.38% | 0.57x | 9.64x | $-1.36 Billion |
| 2023 | -2.61% | -0.48% | 0.65x | 8.35x | $-439.82 Million |
| 2024 | 4.45% | 0.91% | 0.61x | 8.07x | $-206.10 Million |
Industry Comparison
This section compares Huadian Ener-B's net assets metrics with peer companies in the Utilities - Independent Power Producers industry.
Industry Context
- Industry: Utilities - Independent Power Producers
- Average net assets among peers: $33,163,760,048
- Average return on equity (ROE) among peers: 2.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Huadian Ener-B (900937) | $5.88 Billion | 0.73% | 4.05x | $276.31 Million |
| Guangdong Baolihua New Energy Stock Co LTD (000690) | $326.87 Million | 9.45% | 0.52x | $1.19 Billion |
| CGN Power (003816) | $135.29 Billion | 7.00% | 1.87x | $8.85 Billion |
| Henan BCCY Environmental Energy Co. Ltd (300614) | $1.28 Billion | -22.09% | 0.72x | $183.72 Million |
| Zhejiang Zheneng Electric Power Co Ltd (600023) | $68.80 Billion | 6.30% | 0.64x | $2.20 Billion |
| Beijing Jingneng Power Co Ltd (600578) | $26.29 Billion | -11.86% | 2.14x | $1.37 Billion |
| Sichuan Chuantou Energy Co Ltd (600674) | $609.21 Million | 10.97% | 0.54x | $3.44 Billion |
| Dalian Thermal Power Co Ltd (600719) | $453.63 Million | 10.89% | 1.20x | $250.11 Million |
| Huadian Energy (600726) | $1.69 Billion | 10.92% | 0.48x | $855.33 Million |
| Inner Mongolia MengDian HuaNeng Thermal Power Corp Ltd (600863) | $20.59 Billion | 8.58% | 0.95x | $2.25 Billion |
| Datang International Power Generation Co Ltd Class A (601991) | $76.31 Billion | -0.53% | 3.00x | $3.85 Billion |