Delong Composite Energy Group Co Ltd
Delong Composite Energy Group Co., Ltd. engages in production and supply of natural gas. The company is involved in the LNG business; integrated energy business; and landing hydrogen energy and photovoltaic business. The company was formerly known as Sichuan Datong Gas Development Co.,Ltd. and changed its name to Delong Composite Energy Group Co., Ltd. in February 2022. Delong Composite Energy Gr… Read more
Delong Composite Energy Group Co Ltd (000593) - Net Assets
Latest net assets as of September 2025: CN¥961.99 Million CNY
Based on the latest financial reports, Delong Composite Energy Group Co Ltd (000593) has net assets worth CN¥961.99 Million CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.92 Billion) and total liabilities (CN¥956.01 Million). 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 | CN¥961.99 Million |
| % of Total Assets | 50.16% |
| Annual Growth Rate | 11.97% |
| 5-Year Change | -11.07% |
| 10-Year Change | 43.68% |
| Growth Volatility | 75.03 |
Delong Composite Energy Group Co Ltd - Net Assets Trend (1992–2024)
This chart illustrates how Delong Composite Energy Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Delong Composite Energy Group Co Ltd (1992–2024)
The table below shows the annual net assets of Delong Composite Energy Group Co Ltd from 1992 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥933.66 Million | -0.52% |
| 2023-12-31 | CN¥938.51 Million | -18.80% |
| 2022-12-31 | CN¥1.16 Billion | +4.78% |
| 2021-12-31 | CN¥1.10 Billion | +5.06% |
| 2020-12-31 | CN¥1.05 Billion | +6.45% |
| 2019-12-31 | CN¥986.27 Million | +6.44% |
| 2018-12-31 | CN¥926.58 Million | -16.39% |
| 2017-12-31 | CN¥1.11 Billion | +0.25% |
| 2016-12-31 | CN¥1.11 Billion | +70.11% |
| 2015-12-31 | CN¥649.82 Million | -2.27% |
| 2014-12-31 | CN¥664.90 Million | -0.36% |
| 2013-12-31 | CN¥667.32 Million | +98.71% |
| 2012-12-31 | CN¥335.83 Million | +0.57% |
| 2011-12-31 | CN¥333.94 Million | +18.11% |
| 2010-12-31 | CN¥282.74 Million | +2.10% |
| 2009-12-31 | CN¥276.91 Million | +34.82% |
| 2008-12-31 | CN¥205.39 Million | -2.05% |
| 2007-12-31 | CN¥209.69 Million | -25.22% |
| 2006-12-31 | CN¥280.42 Million | -2.61% |
| 2005-12-31 | CN¥287.94 Million | +1.15% |
| 2004-12-31 | CN¥284.68 Million | +0.13% |
| 2003-12-31 | CN¥284.30 Million | +3.28% |
| 2002-12-31 | CN¥275.28 Million | -11.51% |
| 2001-12-31 | CN¥311.07 Million | +4.87% |
| 2000-12-31 | CN¥296.64 Million | +4.43% |
| 1999-12-31 | CN¥284.05 Million | -0.32% |
| 1998-12-31 | CN¥284.97 Million | +61.42% |
| 1997-12-31 | CN¥176.54 Million | +11.56% |
| 1996-12-31 | CN¥158.25 Million | +12.60% |
| 1995-12-31 | CN¥140.54 Million | -0.63% |
| 1994-12-31 | CN¥141.43 Million | +9.45% |
| 1993-12-31 | CN¥129.22 Million | +416.10% |
| 1992-12-31 | CN¥25.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Delong Composite Energy Group Co Ltd'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 132602.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥358.63 Million | 42.25% |
| Other Comprehensive Income | CN¥64.56 Million | 7.61% |
| Other Components | CN¥592.90 Million | 69.85% |
| Total Equity | CN¥848.79 Million | 100.00% |
Delong Composite Energy Group Co Ltd Competitors by Market Cap
The table below lists competitors of Delong Composite Energy Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Odine Solutions Teknoloji As
IS:ODINE
|
$623.11 Million |
|
Yatsen Holding
NYSE:YSG
|
$623.15 Million |
|
Mid Penn Bancorp
NASDAQ:MPB
|
$623.38 Million |
|
KBC Corporation Ltd
SHG:688598
|
$623.40 Million |
|
Aluar Aluminio Argentino
BA:ALUA
|
$622.94 Million |
|
Zhejiang Yatai Pharmaceutical Co Ltd
SHE:002370
|
$622.77 Million |
|
Neoen SA
PA:NEOEN
|
$622.57 Million |
|
Vitrolife AB
ST:VITR
|
$622.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Delong Composite Energy Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 847,679,031 to 848,790,237, a change of 1,111,206 (0.1%).
- Net income of 19,047,054 contributed positively to equity growth.
- Dividend payments of 22,550,593 reduced retained earnings.
- Share repurchases of 17,001,704 reduced equity.
- Other comprehensive income increased equity by 64,426,037.
- Other factors decreased equity by 42,809,588.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥19.05 Million | +2.24% |
| Dividends Paid | CN¥22.55 Million | -2.66% |
| Share Repurchases | CN¥17.00 Million | -2.0% |
| Other Comprehensive Income | CN¥64.43 Million | +7.59% |
| Other Changes | CN¥-42.81 Million | -5.04% |
| Total Change | CN¥- | 0.13% |
Book Value vs Market Value Analysis
This analysis compares Delong Composite Energy Group Co Ltd'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: 6.02x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 131.07x to 6.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-12-31 | CN¥0.11 | CN¥14.22 | x |
| 1993-12-31 | CN¥0.56 | CN¥14.22 | x |
| 1994-12-31 | CN¥0.61 | CN¥14.22 | x |
| 1995-12-31 | CN¥0.61 | CN¥14.22 | x |
| 1996-12-31 | CN¥0.69 | CN¥14.22 | x |
| 1997-12-31 | CN¥0.76 | CN¥14.22 | x |
| 1998-12-31 | CN¥1.23 | CN¥14.22 | x |
| 1999-12-31 | CN¥1.23 | CN¥14.22 | x |
| 2000-12-31 | CN¥1.28 | CN¥14.22 | x |
| 2001-12-31 | CN¥1.33 | CN¥14.22 | x |
| 2002-12-31 | CN¥1.18 | CN¥14.22 | x |
| 2003-12-31 | CN¥1.19 | CN¥14.22 | x |
| 2004-12-31 | CN¥1.20 | CN¥14.22 | x |
| 2005-12-31 | CN¥1.21 | CN¥14.22 | x |
| 2006-12-31 | CN¥1.14 | CN¥14.22 | x |
| 2007-12-31 | CN¥0.90 | CN¥14.22 | x |
| 2008-12-31 | CN¥0.89 | CN¥14.22 | x |
| 2009-12-31 | CN¥1.24 | CN¥14.22 | x |
| 2010-12-31 | CN¥1.42 | CN¥14.22 | x |
| 2011-12-31 | CN¥1.50 | CN¥14.22 | x |
| 2012-12-31 | CN¥1.44 | CN¥14.22 | x |
| 2013-12-31 | CN¥2.99 | CN¥14.22 | x |
| 2014-12-31 | CN¥2.36 | CN¥14.22 | x |
| 2015-12-31 | CN¥2.31 | CN¥14.22 | x |
| 2016-12-31 | CN¥3.41 | CN¥14.22 | x |
| 2017-12-31 | CN¥3.08 | CN¥14.22 | x |
| 2018-12-31 | CN¥2.57 | CN¥14.22 | x |
| 2019-12-31 | CN¥2.68 | CN¥14.22 | x |
| 2020-12-31 | CN¥2.79 | CN¥14.22 | x |
| 2021-12-31 | CN¥2.93 | CN¥14.22 | x |
| 2022-12-31 | CN¥3.07 | CN¥14.22 | x |
| 2023-12-31 | CN¥2.36 | CN¥14.22 | x |
| 2024-12-31 | CN¥2.36 | CN¥14.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Delong Composite Energy Group Co Ltd 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): 2.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.10%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 2.31x
- Recent ROE (2.24%) is below the historical average (3.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 18.76% | 4.19% | 1.67x | 2.69x | CN¥2.19 Million |
| 1993 | 7.91% | 6.27% | 0.77x | 1.64x | CN¥-2.70 Million |
| 1994 | 8.61% | 6.85% | 0.74x | 1.70x | CN¥-1.96 Million |
| 1995 | 12.75% | 6.38% | 1.07x | 1.87x | CN¥3.87 Million |
| 1996 | 13.72% | 6.96% | 1.05x | 1.87x | CN¥5.88 Million |
| 1997 | 10.12% | 6.02% | 0.93x | 1.80x | CN¥209.87K |
| 1998 | 10.20% | 10.81% | 0.65x | 1.46x | CN¥581.38K |
| 1999 | 10.23% | 9.48% | 0.67x | 1.62x | CN¥660.37K |
| 2000 | 7.11% | 6.63% | 0.58x | 1.84x | CN¥-8.54 Million |
| 2001 | 3.98% | 3.82% | 0.59x | 1.78x | CN¥-18.45 Million |
| 2002 | -12.48% | -16.67% | 0.40x | 1.87x | CN¥-61.33 Million |
| 2003 | 1.61% | 3.48% | 0.22x | 2.12x | CN¥-23.10 Million |
| 2004 | 0.21% | 0.32% | 0.31x | 2.16x | CN¥-27.04 Million |
| 2005 | 0.76% | 1.06% | 0.31x | 2.33x | CN¥-25.72 Million |
| 2006 | 0.44% | 0.50% | 0.34x | 2.59x | CN¥-26.66 Million |
| 2007 | 2.22% | 1.53% | 0.53x | 2.76x | CN¥-16.18 Million |
| 2008 | 1.46% | 1.06% | 0.48x | 2.89x | CN¥-17.38 Million |
| 2009 | 25.82% | 21.60% | 0.57x | 2.09x | CN¥43.65 Million |
| 2010 | 2.12% | 2.10% | 0.42x | 2.41x | CN¥-22.22 Million |
| 2011 | 15.38% | 9.20% | 0.85x | 1.96x | CN¥17.91 Million |
| 2012 | 4.86% | 3.63% | 0.72x | 1.87x | CN¥-17.25 Million |
| 2013 | 5.86% | 8.50% | 0.51x | 1.36x | CN¥-27.63 Million |
| 2014 | 2.58% | 3.88% | 0.58x | 1.16x | CN¥-49.32 Million |
| 2015 | 2.17% | 3.34% | 0.53x | 1.22x | CN¥-50.89 Million |
| 2016 | -4.96% | -11.63% | 0.30x | 1.42x | CN¥-166.11 Million |
| 2017 | 2.18% | 4.96% | 0.28x | 1.56x | CN¥-86.56 Million |
| 2018 | -20.13% | -29.42% | 0.39x | 1.77x | CN¥-277.85 Million |
| 2019 | 4.30% | 3.98% | 0.52x | 2.07x | CN¥-54.85 Million |
| 2020 | 3.49% | 2.74% | 0.61x | 2.10x | CN¥-65.28 Million |
| 2021 | 4.80% | 3.35% | 0.70x | 2.06x | CN¥-54.71 Million |
| 2022 | 4.38% | 3.28% | 0.67x | 1.98x | CN¥-61.90 Million |
| 2023 | -28.47% | -15.08% | 0.76x | 2.47x | CN¥-326.09 Million |
| 2024 | 2.24% | 1.10% | 0.89x | 2.31x | CN¥-65.83 Million |
Industry Comparison
This section compares Delong Composite Energy Group Co Ltd's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $7,850,213,000
- Average return on equity (ROE) among peers: 9.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Delong Composite Energy Group Co Ltd (000593) | CN¥961.99 Million | 18.76% | 0.99x | $622.98 Million |
| Shaanxi Meineng Clean Energy Corp. Ltd. A (001299) | $1.30 Billion | 6.72% | 0.36x | $106.29 Million |
| Xinjiang Haoyuan Natural Gas Co Ltd (002700) | $147.90 Million | 32.85% | 1.37x | $172.04 Million |
| Foran Energy Group Co Ltd (002911) | $745.57 Million | 24.41% | 1.42x | $410.21 Million |
| Top Resource Conservation Engineering Co Ltd (300332) | $3.54 Billion | 0.30% | 1.22x | $507.68 Million |
| Sichuan Qiaoyuan Gas Co.Ltd (301286) | $1.75 Billion | 8.51% | 0.14x | $245.07 Million |
| Changchun Gas Co Ltd (600333) | $2.06 Billion | -4.78% | 1.94x | $195.28 Million |
| Shanghai DaZhong Public Utilities Group Co Ltd (600635) | $1.16 Billion | 10.61% | 0.49x | $1.87 Billion |
| Bestsun Energy Co Ltd (600681) | $-593.14 Million | 0.00% | 0.00x | $86.89 Million |
| ENN Ecological Holdings Co Ltd (600803) | $60.54 Billion | 7.42% | 1.19x | $2.55 Billion |