China Tian Lun Gas Holdings Limited (TLJ) - Net Assets

Latest as of December 2025: €6.13 Billion EUR ≈ $7.16 Billion USD

Based on the latest financial reports, China Tian Lun Gas Holdings Limited (TLJ) has net assets worth €6.13 Billion EUR (≈ $7.16 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 (€15.40 Billion ≈ $18.00 Billion USD) and total liabilities (€9.27 Billion ≈ $10.84 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. Check TLJ tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€6.13 Billion
% of Total Assets	39.79%
Annual Growth Rate	15.46%
5-Year Change	10.82%
10-Year Change	122.64%
Growth Volatility	23.6

China Tian Lun Gas Holdings Limited - Net Assets Trend (2013–2025)

This chart illustrates how China Tian Lun Gas Holdings Limited's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of China Tian Lun Gas Holdings Limited to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for China Tian Lun Gas Holdings Limited (2013–2025)

The table below shows the annual net assets of China Tian Lun Gas Holdings Limited from 2013 to 2025. For live valuation and market cap data, see China Tian Lun Gas Holdings Limited stock valuation.

Year	Net Assets	Change
2025-12-31	€6.13 Billion ≈ $7.16 Billion	-2.17%
2024-12-31	€6.26 Billion ≈ $7.32 Billion	+2.47%
2023-12-31	€6.11 Billion ≈ $7.15 Billion	+4.97%
2022-12-31	€5.82 Billion ≈ $6.81 Billion	+5.32%
2021-12-31	€5.53 Billion ≈ $6.46 Billion	+11.01%
2020-12-31	€4.98 Billion ≈ $5.82 Billion	+18.94%
2019-12-31	€4.19 Billion ≈ $4.90 Billion	+18.16%
2018-12-31	€3.54 Billion ≈ $4.14 Billion	+13.66%
2017-12-31	€3.12 Billion ≈ $3.65 Billion	+13.30%
2016-12-31	€2.75 Billion ≈ $3.22 Billion	-1.10%
2015-12-31	€2.78 Billion ≈ $3.25 Billion	+88.38%
2014-12-31	€1.48 Billion ≈ $1.73 Billion	+35.37%
2013-12-31	€1.09 Billion ≈ $1.28 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to China Tian Lun Gas Holdings 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 880.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	€4.67 Billion	80.06%
Other Components	€1.16 Billion	19.94%
Total Equity	€5.83 Billion	100.00%

China Tian Lun Gas Holdings Limited Competitors by Market Cap

The table below lists competitors of China Tian Lun Gas Holdings Limited ranked by their market capitalization.

Company	Market Cap
BAIC Motor Corp Ltd F:2B5	$294.99 Million
STEICO SE XETRA:ST5	$295.05 Million
Apcotex Industries Limited NSE:APCOTEXIND	$295.06 Million
NervGen Pharma Corp V:NGEN	$295.10 Million
Relais Group Oyj HE:RELAIS	$294.97 Million
Blue Ridge Bankshares Inc NYSE MKT:BRBS	$294.91 Million
Jiangsu Sainty Corp Ltd SHG:600287	$294.66 Million
Duopharma Biotech Bhd KLSE:7148	$294.64 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in China Tian Lun Gas Holdings Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 5,944,273,000 to 5,832,102,000, a change of -112,171,000 (-1.9%).
Net income of 38,625,000 contributed positively to equity growth.
Dividend payments of 139,005,000 reduced retained earnings.
Share repurchases of 5,366,000 reduced equity.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€38.62 Million	+0.66%
Dividends Paid	€139.00 Million	-2.38%
Share Repurchases	€5.37 Million	-0.09%
Other Changes	€-6.42 Million	-0.11%
Total Change	€-	-1.89%

Book Value vs Market Value Analysis

This analysis compares China Tian Lun Gas Holdings 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: 0.05x
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	€2.81	€0.29	x
2018-12-31	€3.28	€0.29	x
2019-12-31	€3.89	€0.29	x
2020-12-31	€4.68	€0.29	x
2021-12-31	€5.37	€0.29	x
2022-12-31	€5.68	€0.29	x
2023-12-31	€5.98	€0.29	x
2024-12-31	€6.13	€0.29	x
2025-12-31	€6.03	€0.29	x

Capital Efficiency Dashboard

This dashboard shows how efficiently China Tian Lun Gas Holdings 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): 0.66%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.49%
• Asset Turnover: 0.52x
• Equity Multiplier: 2.64x
Recent ROE (0.66%) is below the historical average (13.72%), 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	18.36%	18.53%	0.35x	2.85x	€76.95 Million
2014	19.21%	16.38%	0.36x	3.26x	€105.56 Million
2015	12.10%	12.62%	0.34x	2.84x	€49.41 Million
2016	12.89%	11.64%	0.35x	3.14x	€70.26 Million
2017	14.55%	13.00%	0.37x	3.05x	€126.41 Million
2018	17.51%	11.13%	0.45x	3.52x	€244.16 Million
2019	20.28%	12.05%	0.55x	3.07x	€400.10 Million
2020	22.21%	16.20%	0.50x	2.75x	€573.59 Million
2021	19.18%	13.08%	0.51x	2.89x	€478.85 Million
2022	8.07%	5.89%	0.47x	2.90x	€-106.20 Million
2023	8.27%	6.21%	0.49x	2.71x	€-100.41 Million
2024	5.06%	3.87%	0.49x	2.68x	€-293.43 Million
2025	0.66%	0.49%	0.52x	2.64x	€-544.59 Million

Industry Comparison

This section compares China Tian Lun Gas Holdings 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: $17,822,009,778
Average return on equity (ROE) among peers: 11.95%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
China Tian Lun Gas Holdings Limited (TLJ)	€6.13 Billion	18.36%	1.51x	$294.99 Million
SHANGH.DAZ.PUBL.UTIL.YC 1 (6WL)	$9.74 Billion	2.18%	1.35x	$189.66 Million
AB AMBER GRID EO 029 (AMH)	$175.63 Million	4.73%	0.86x	$210.36 Million
ENAGAS A.A. ADR1/2/EO150 (EG40)	$3.00 Billion	11.42%	1.84x	$3.66 Billion
NATURGY ENERGY ADR1/5/E01 (GANA)	$11.93 Billion	16.65%	2.18x	$24.24 Billion
H.K. CHINA GAS HD-25 ADR (HCGS)	$68.33 Billion	8.36%	1.32x	$14.74 Billion
Chinese People Holdings Company Limited (KEH)	$1.28 Billion	3.69%	0.21x	$27.18 Million
TIANJIN JIN.PUB.U.H YC-10 (TL6)	$1.43 Billion	-10.85%	0.52x	$7.02 Million
Uniper SE (UN0)	$10.44 Billion	60.44%	4.27x	$18.93 Billion
ENN Energy Holdings Limited (XGH)	$54.08 Billion	10.92%	0.96x	$6.27 Billion

About China Tian Lun Gas Holdings Limited

F:TLJ Germany Utilities - Regulated Gas

Market Cap

$325.66 Million

€278.55 Million EUR

Market Cap Rank

#15007 Global

#1483 in Germany

Share Price

€0.29

Change (1 day)

-0.68%

52-Week Range

€0.29 - €0.55

All Time High

€0.55