China Resources Gas Group Limited (LGX1) - Net Assets
Based on the latest financial reports, China Resources Gas Group Limited (LGX1) has net assets worth €67.21 Billion EUR as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€138.49 Billion) and total liabilities (€71.28 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 | €67.21 Billion |
| % of Total Assets | 48.53% |
| Annual Growth Rate | 11.88% |
| 5-Year Change | 36.49% |
| 10-Year Change | 184.48% |
| Growth Volatility | 9.82 |
China Resources Gas Group Limited - Net Assets Trend (2013–2024)
This chart illustrates how China Resources Gas Group Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for China Resources Gas Group Limited (2013–2024)
The table below shows the annual net assets of China Resources Gas Group Limited from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €63.97 Billion | +0.93% |
| 2023-12-31 | €63.38 Billion | +20.64% |
| 2022-12-31 | €52.54 Billion | -2.77% |
| 2021-12-31 | €54.04 Billion | +15.30% |
| 2020-12-31 | €46.87 Billion | +32.56% |
| 2019-12-31 | €35.36 Billion | +11.86% |
| 2018-12-31 | €31.61 Billion | +8.36% |
| 2017-12-31 | €29.17 Billion | +23.05% |
| 2016-12-31 | €23.70 Billion | +5.42% |
| 2015-12-31 | €22.49 Billion | +6.43% |
| 2014-12-31 | €21.13 Billion | +13.49% |
| 2013-12-31 | €18.62 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Resources Gas Group Limited'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 grown by 486.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €38.24 Billion | 92.88% |
| Other Components | €2.93 Billion | 7.12% |
| Total Equity | €41.17 Billion | 100.00% |
China Resources Gas Group Limited Competitors by Market Cap
The table below lists competitors of China Resources Gas Group Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guizhou Space Appliance Co Ltd
SHE:002025
|
$5.32 Billion |
|
Plexus Corp
NASDAQ:PLXS
|
$5.32 Billion |
|
JA Solar Technology Co Ltd
SHE:002459
|
$5.32 Billion |
|
Genesis Minerals Ltd
AU:GMD
|
$5.32 Billion |
|
Sunway Healthcare Holdings Berhad
KLSE:5555
|
$5.31 Billion |
|
ServiceTitan, Inc. Class A Common Stock
NASDAQ:TTAN
|
$5.31 Billion |
|
Beijing Yanjing Brewery Co Ltd
SHE:000729
|
$5.31 Billion |
|
Grupo Catalana Occidente
MC:GCO
|
$5.31 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Resources Gas Group Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 40,772,231,000 to 41,171,967,000, a change of 399,736,000 (1.0%).
- Net income of 4,088,148,000 contributed positively to equity growth.
- Dividend payments of 2,850,920,000 reduced retained earnings.
- Other factors decreased equity by 837,492,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €4.09 Billion | +9.93% |
| Dividends Paid | €2.85 Billion | -6.92% |
| Other Changes | €-837.49 Million | -2.03% |
| Total Change | €- | 0.98% |
Book Value vs Market Value Analysis
This analysis compares China Resources Gas Group Limited'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: 0.11x
- 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 |
|---|---|---|---|
| 2017-12-31 | €9.89 | €1.98 | x |
| 2018-12-31 | €10.83 | €1.98 | x |
| 2019-12-31 | €12.05 | €1.98 | x |
| 2020-12-31 | €15.68 | €1.98 | x |
| 2021-12-31 | €17.83 | €1.98 | x |
| 2022-12-31 | €17.00 | €1.98 | x |
| 2023-12-31 | €17.62 | €1.98 | x |
| 2024-12-31 | €18.14 | €1.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Resources Gas Group Limited 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): 9.93%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.98%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 3.22x
- Recent ROE (9.93%) is below the historical average (15.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 15.24% | 9.70% | 0.44x | 3.56x | €742.65 Million |
| 2014 | 15.44% | 8.64% | 0.50x | 3.60x | €873.56 Million |
| 2015 | 16.68% | 8.64% | 0.55x | 3.52x | €1.14 Billion |
| 2016 | 18.51% | 9.99% | 0.55x | 3.36x | €1.51 Billion |
| 2017 | 16.61% | 9.17% | 0.58x | 3.13x | €1.45 Billion |
| 2018 | 18.48% | 8.70% | 0.70x | 3.06x | €2.04 Billion |
| 2019 | 18.82% | 9.03% | 0.69x | 3.02x | €2.36 Billion |
| 2020 | 14.20% | 9.22% | 0.60x | 2.59x | €1.52 Billion |
| 2021 | 15.50% | 8.18% | 0.74x | 2.57x | €2.27 Billion |
| 2022 | 12.03% | 5.02% | 0.84x | 2.85x | €799.98 Million |
| 2023 | 12.81% | 5.16% | 0.73x | 3.38x | €1.15 Billion |
| 2024 | 9.93% | 3.98% | 0.78x | 3.22x | €-29.05 Million |
Industry Comparison
This section compares China Resources Gas Group Limited's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $120,984,027,021
- Average return on equity (ROE) among peers: 3.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Resources Gas Group Limited (LGX1) | €67.21 Billion | 15.24% | 1.06x | $5.31 Billion |
| SHANGH.DAZ.PUBL.UTIL.YC 1 (6WL) | $10.04 Billion | 2.32% | 1.29x | $214.62 Million |
| 7RN (7RN) | $4.05 Billion | 4.83% | 1.18x | $2.54 Billion |
| AB AMBER GRID EO 029 (AMH) | $183.80 Million | 8.52% | 1.98x | $210.36 Million |
| Ops Italia S.p.A. (E2Y0) | $997.00K | -28.79% | 1.71x | $1.92 Million |
| China Gas Holdings Limited (EBZ0) | $72.07 Billion | 10.63% | 1.26x | $4.37 Billion |
| The Hong Kong and China Gas Company Limited (HCG) | $79.15 Billion | 7.73% | 0.90x | $15.56 Billion |
| Chinese People Holdings Company Limited (KEH) | $2.94 Billion | 5.71% | 0.22x | $31.34 Million |
| New Jersey Resources Corporation (NJ1) | $1.55 Billion | 10.92% | 1.82x | $4.50 Billion |
| Osaka Gas Co. Ltd (OSA) | $918.87 Billion | 8.35% | 1.03x | $11.31 Billion |
About China Resources Gas Group Limited
China Resources Gas Group Limited, an investment holding company, engages in the sale of natural and liquefied gas and connection of gas pipelines. The company operates through Sale and Distribution of Gas Fuel and Related Products, Gas Connection, Comprehensive Services, Design and Construction Services, and Gas Stations segments. The Sale and Distribution of Gas Fuel and Related Products segmen… Read more