China Gas Holdings Limited
China Gas Holdings Limited, an investment holding company, operates as an energy supplier and service provider in the People's Republic of China. It operates through Sales of Natural Gas; Gas Connection; Engineering Design and Construction; Sales of Liquefied Petroleum Gas (LPG); Value-Added Services; Other Businesses; and Zhongyu Energy segments. The company invests in, constructs, and operates … Read more
China Gas Holdings Limited (CGHOF) - Net Assets
Latest net assets as of March 2025: $60.73 Billion USD
Based on the latest financial reports, China Gas Holdings Limited (CGHOF) has net assets worth $60.73 Billion USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($148.22 Billion) and total liabilities ($87.49 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 | $60.73 Billion |
| % of Total Assets | 40.97% |
| Annual Growth Rate | 31.91% |
| 5-Year Change | 1.44% |
| 10-Year Change | 189.67% |
| Growth Volatility | 45.47 |
China Gas Holdings Limited - Net Assets Trend (2002–2025)
This chart illustrates how China Gas Holdings 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 Gas Holdings Limited (2002–2025)
The table below shows the annual net assets of China Gas Holdings Limited from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $60.73 Billion | -0.03% |
| 2024-03-31 | $60.75 Billion | -6.24% |
| 2023-03-31 | $64.79 Billion | -10.10% |
| 2022-03-31 | $72.07 Billion | +20.39% |
| 2021-03-31 | $59.86 Billion | +30.71% |
| 2020-03-31 | $45.80 Billion | +12.28% |
| 2019-03-31 | $40.79 Billion | +24.63% |
| 2018-03-31 | $32.73 Billion | +36.68% |
| 2017-03-31 | $23.95 Billion | +14.23% |
| 2016-03-31 | $20.96 Billion | -2.20% |
| 2015-03-31 | $21.44 Billion | +18.06% |
| 2014-03-31 | $18.16 Billion | +41.45% |
| 2013-03-31 | $12.84 Billion | +18.02% |
| 2012-03-31 | $10.88 Billion | +5.21% |
| 2011-03-31 | $10.34 Billion | +97.66% |
| 2010-03-31 | $5.23 Billion | +30.19% |
| 2009-03-31 | $4.02 Billion | +9.30% |
| 2008-03-31 | $3.68 Billion | +37.08% |
| 2007-03-31 | $2.68 Billion | +26.43% |
| 2006-03-31 | $2.12 Billion | +95.30% |
| 2005-03-31 | $1.09 Billion | +82.87% |
| 2004-03-31 | $593.79 Million | +190.42% |
| 2003-03-31 | $204.46 Million | +96.74% |
| 2002-03-31 | $103.92 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to China 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 4186012100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $41.86 Billion | 77.71% |
| Common Stock | $54.48 Million | 0.10% |
| Other Components | $11.95 Billion | 22.19% |
| Total Equity | $53.86 Billion | 100.00% |
China Gas Holdings Limited Competitors by Market Cap
The table below lists competitors of China Gas Holdings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wendel
PINK:WNDLF
|
$2.35 Billion |
|
Verra Mobility Corp
NASDAQ:VRRM
|
$2.35 Billion |
|
Highwoods Properties Inc
NYSE:HIW
|
$2.35 Billion |
|
Rigetti Computing Inc. Warrants
NASDAQ:RGTIW
|
$2.35 Billion |
|
Skylark Holdings Co. Ltd
OTCGREY:SKLYF
|
$2.35 Billion |
|
Astronics Corporation
NASDAQ:ATRO
|
$2.35 Billion |
|
Sinotrans Ltd Class A
SHG:601598
|
$2.35 Billion |
|
Steven Madden Ltd
NASDAQ:SHOO
|
$2.35 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Gas Holdings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 53,927,655,000 to 53,864,695,000, a change of -62,960,000 (-0.1%).
- Net income of 3,251,614,000 contributed positively to equity growth.
- Dividend payments of 2,637,765,000 reduced retained earnings.
- Other comprehensive income increased equity by 6,745,229,000.
- Other factors decreased equity by 7,422,038,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.25 Billion | +6.04% |
| Dividends Paid | $2.64 Billion | -4.9% |
| Other Comprehensive Income | $6.75 Billion | +12.52% |
| Other Changes | $-7.42 Billion | -13.78% |
| Total Change | $- | -0.12% |
Book Value vs Market Value Analysis
This analysis compares China 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: 0.09x
- 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 2.84x to 0.09x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-03-31 | $0.32 | $0.91 | x |
| 2003-03-31 | $0.14 | $0.91 | x |
| 2004-03-31 | $0.38 | $0.91 | x |
| 2005-03-31 | $0.52 | $0.91 | x |
| 2006-03-31 | $0.66 | $0.91 | x |
| 2007-03-31 | $0.68 | $0.91 | x |
| 2008-03-31 | $0.89 | $0.91 | x |
| 2009-03-31 | $0.91 | $0.91 | x |
| 2010-03-31 | $1.09 | $0.91 | x |
| 2011-03-31 | $2.04 | $0.91 | x |
| 2012-03-31 | $2.12 | $0.91 | x |
| 2013-03-31 | $2.40 | $0.91 | x |
| 2014-03-31 | $3.16 | $0.91 | x |
| 2015-03-31 | $3.57 | $0.91 | x |
| 2016-03-31 | $3.60 | $0.91 | x |
| 2017-03-31 | $4.19 | $0.91 | x |
| 2018-03-31 | $5.60 | $0.91 | x |
| 2019-03-31 | $6.99 | $0.91 | x |
| 2020-03-31 | $7.59 | $0.91 | x |
| 2021-03-31 | $9.96 | $0.91 | x |
| 2022-03-31 | $11.56 | $0.91 | x |
| 2023-03-31 | $10.75 | $0.91 | x |
| 2024-03-31 | $10.02 | $0.91 | x |
| 2025-03-31 | $10.01 | $0.91 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China 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): 6.04%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.10%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 2.75x
- Recent ROE (6.04%) is below the historical average (10.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -7.02% | -151.11% | 0.04x | 1.05x | $-17.69 Million |
| 2003 | -48.14% | -81.45% | 0.17x | 3.47x | $-84.15 Million |
| 2004 | 15.93% | 21.26% | 0.28x | 2.67x | $29.79 Million |
| 2005 | 13.38% | 32.24% | 0.15x | 2.78x | $33.39 Million |
| 2006 | 9.65% | 28.56% | 0.12x | 2.73x | $-6.48 Million |
| 2007 | 9.61% | 18.24% | 0.22x | 2.35x | $-9.22 Million |
| 2008 | 5.33% | 6.52% | 0.23x | 3.62x | $-145.64 Million |
| 2009 | 3.22% | 1.64% | 0.35x | 5.61x | $-218.65 Million |
| 2010 | 21.24% | 8.57% | 0.44x | 5.58x | $463.33 Million |
| 2011 | 7.14% | 3.95% | 0.51x | 3.52x | $-250.57 Million |
| 2012 | 9.71% | 5.04% | 0.59x | 3.25x | $-28.04 Million |
| 2013 | 15.36% | 8.30% | 0.60x | 3.08x | $615.80 Million |
| 2014 | 16.32% | 9.90% | 0.57x | 2.87x | $997.16 Million |
| 2015 | 18.32% | 10.65% | 0.63x | 2.75x | $1.53 Billion |
| 2016 | 12.73% | 7.71% | 0.55x | 3.00x | $487.86 Million |
| 2017 | 20.18% | 12.96% | 0.53x | 2.93x | $2.09 Billion |
| 2018 | 21.42% | 11.54% | 0.64x | 2.88x | $3.25 Billion |
| 2019 | 23.28% | 13.85% | 0.54x | 3.11x | $4.69 Billion |
| 2020 | 23.20% | 15.43% | 0.53x | 2.83x | $5.23 Billion |
| 2021 | 20.18% | 14.97% | 0.50x | 2.71x | $5.28 Billion |
| 2022 | 12.05% | 8.68% | 0.54x | 2.57x | $1.30 Billion |
| 2023 | 7.42% | 4.67% | 0.58x | 2.72x | $-1.50 Billion |
| 2024 | 5.91% | 3.91% | 0.55x | 2.76x | $-2.21 Billion |
| 2025 | 6.04% | 4.10% | 0.53x | 2.75x | $-2.13 Billion |
Industry Comparison
This section compares China 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: $5,568,574,061
- Average return on equity (ROE) among peers: 14.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Gas Holdings Limited (CGHOF) | $60.73 Billion | -7.02% | 1.44x | $2.35 Billion |
| APA Group (APAJF) | $3.21 Billion | 8.05% | 4.14x | $6.28 Billion |
| Ascopiave S.p.A (ASCOF) | $409.67 Million | 8.69% | 1.12x | $220.54 Million |
| Atmos Energy Corporation (ATO) | $1.65 Billion | 8.96% | 2.47x | $30.35 Billion |
| Beijing Gas Blue Sky Holdings Limited (BJGBF) | $25.42 Million | 42.17% | 3.14x | $31.34 Million |
| Black Hills Corporation (BKH) | $205.40 Million | 15.77% | 1.48x | $5.29 Billion |
| CF Energy Corp (CGFEF) | $47.11 Million | 14.33% | 1.32x | $2.67 Million |
| Chesapeake Utilities Corporation (CPK) | $561.58 Million | 11.60% | 2.18x | $3.01 Billion |
| China Resources Gas Group Limited (CRGGF) | $31.61 Billion | 14.08% | 1.33x | $2.74 Billion |
| China Suntien Green Energy Corporation Limited (CSGEF) | $12.40 Billion | 10.23% | 2.16x | $894.23 Million |