H.K. CHINA GAS HD-25 ADR (HCGS) - Net Assets
Based on the latest financial reports, H.K. CHINA GAS HD-25 ADR (HCGS) has net assets worth €71.39 Billion EUR (≈ $83.46 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€163.56 Billion ≈ $191.21 Billion USD) and total liabilities (€92.17 Billion ≈ $107.75 Billion USD). 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. Explore H.K. CHINA GAS HD-25 ADR (HCGS) cash flow conversion to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €71.39 Billion |
| % of Total Assets | 43.65% |
| Annual Growth Rate | -3.36% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 4.72 |
H.K. CHINA GAS HD-25 ADR - Net Assets Trend (2021–2025)
This chart illustrates how H.K. CHINA GAS HD-25 ADR's net assets have evolved over time, based on quarterly financial data. Also explore HCGS current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for H.K. CHINA GAS HD-25 ADR (2021–2025)
The table below shows the annual net assets of H.K. CHINA GAS HD-25 ADR from 2021 to 2025. For live valuation and market cap data, see HCGS market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €71.39 Billion ≈ $83.46 Billion |
+4.47% |
| 2024-12-31 | €68.33 Billion ≈ $79.89 Billion |
-3.78% |
| 2023-12-31 | €71.02 Billion ≈ $83.03 Billion |
-5.48% |
| 2022-12-31 | €75.14 Billion ≈ $87.85 Billion |
-8.19% |
| 2021-12-31 | €81.84 Billion ≈ $95.68 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to H.K. CHINA GAS HD-25 ADR'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 5.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €55.00 Billion | 92.67% |
| Other Components | €4.35 Billion | 7.33% |
| Total Equity | €59.35 Billion | 100.00% |
H.K. CHINA GAS HD-25 ADR Competitors by Market Cap
The table below lists competitors of H.K. CHINA GAS HD-25 ADR ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Evolution AB (publ)
ST:EVO
|
$14.75 Billion |
|
WUXI BIOLOGICS UNSP.ADR/2
F:1FW1
|
$14.75 Billion |
|
News Corporation
AU:NWSLV
|
$14.76 Billion |
|
Modine Manufacturing Company
NYSE:MOD
|
$14.76 Billion |
|
Somnigroup International Inc.
NYSE:SGI
|
$14.73 Billion |
|
Sands China Ltd
F:599A
|
$14.73 Billion |
|
Elia Group SA/NV
BR:ELI
|
$14.72 Billion |
|
Grupo Bimbo S.A.B. de C.V
MX:BIMBOA
|
$14.71 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in H.K. CHINA GAS HD-25 ADR's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 57,390,400,000 to 59,351,100,000, a change of 1,960,700,000 (3.4%).
- Net income of 5,688,200,000 contributed positively to equity growth.
- Dividend payments of 6,531,000,000 reduced retained earnings.
- Other factors increased equity by 2,809,700,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €5.69 Billion | +9.58% |
| Dividends Paid | €6.53 Billion | -11.0% |
| Other Changes | €2.81 Billion | +4.73% |
| Total Change | €- | 3.42% |
Book Value vs Market Value Analysis
This analysis compares H.K. CHINA GAS HD-25 ADR'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: 0.23x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €3.74 | €0.74 | x |
| 2022-12-31 | €3.41 | €0.74 | x |
| 2023-12-31 | €3.21 | €0.74 | x |
| 2024-12-31 | €3.08 | €0.74 | x |
| 2025-12-31 | €3.18 | €0.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently H.K. CHINA GAS HD-25 ADR 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): 9.58%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.47%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 2.76x
- Recent ROE (9.58%) is above the historical average (9.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 7.35% | 9.57% | 0.32x | 2.41x | €-1.85 Billion |
| 2022 | 8.43% | 8.79% | 0.36x | 2.65x | €-1.00 Billion |
| 2023 | 10.32% | 10.84% | 0.35x | 2.71x | €193.22 Million |
| 2024 | 9.95% | 10.30% | 0.35x | 2.76x | €-27.54 Million |
| 2025 | 9.58% | 10.47% | 0.33x | 2.76x | €-246.91 Million |
Industry Comparison
This section compares H.K. CHINA GAS HD-25 ADR's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $6,915,757,086
- Average return on equity (ROE) among peers: -40.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| H.K. CHINA GAS HD-25 ADR (HCGS) | €71.39 Billion | 7.35% | 1.29x | $14.74 Billion |
| SHANGH.DAZ.PUBL.UTIL.YC 1 (6WL) | $9.74 Billion | 2.18% | 1.35x | $213.37 Million |
| AB AMBER GRID EO 029 (AMH) | $178.04 Million | 13.04% | 1.14x | $210.36 Million |
| ENAGAS A.A. ADR1/2/EO150 (EG40) | $3.10 Billion | 13.02% | 2.18x | $3.66 Billion |
| NATURGY ENERGY ADR1/5/E01 (GANA) | $8.87 Billion | 13.68% | 3.31x | $24.24 Billion |
| Chinese People Holdings Company Limited (KEH) | $2.94 Billion | 5.71% | 0.22x | $20.89 Million |
| TIANJIN JIN.PUB.U.H YC-10 (TL6) | $1.65 Billion | 0.09% | 0.42x | $7.60 Million |
| China Tian Lun Gas Holdings Limited (TLJ) | $5.82 Billion | 7.64% | 1.74x | $294.99 Million |
| Uniper SE (UN0) | $4.38 Billion | -433.30% | 32.50x | $17.28 Billion |
| ENN Energy Holdings Limited (XGH) | $25.55 Billion | 11.03% | 1.89x | $7.21 Billion |
About H.K. CHINA GAS HD-25 ADR
The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas, water supply and energy services in Hong Kong and Mainland China. It is involved in the provision of renewable energy solutions, piped city-gas projects, gas supply chain, water supply, and urban waste utilization projects, as well as new energy exploration and utilisation ventures… Read more