Delong Composite Energy Group Co Ltd (000593) - Net Assets
Based on the latest financial reports, Delong Composite Energy Group Co Ltd (000593) has net assets worth CN¥970.27 Million CNY (≈ $141.98 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.90 Billion ≈ $277.60 Million USD) and total liabilities (CN¥926.80 Million ≈ $135.62 Million 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. Also explore Delong Composite Energy Group Co Ltd assets under control for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥970.27 Million |
| % of Total Assets | 51.15% |
| Annual Growth Rate | 11.66% |
| 5-Year Change | -13.49% |
| 10-Year Change | -13.68% |
| Growth Volatility | 73.96 |
Delong Composite Energy Group Co Ltd - Net Assets Trend (1992–2025)
This chart illustrates how Delong Composite Energy Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Delong Composite Energy Group Co Ltd (000593) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Delong Composite Energy Group Co Ltd (1992–2025)
The table below shows the annual net assets of Delong Composite Energy Group Co Ltd from 1992 to 2025. For live valuation and market cap data, see how much is Delong Composite Energy Group Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥954.24 Million ≈ $139.64 Million |
+2.20% |
| 2024-12-31 | CN¥933.66 Million ≈ $136.62 Million |
-0.52% |
| 2023-12-31 | CN¥938.51 Million ≈ $137.33 Million |
-18.80% |
| 2022-12-31 | CN¥1.16 Billion ≈ $169.13 Million |
+4.78% |
| 2021-12-31 | CN¥1.10 Billion ≈ $161.41 Million |
+5.06% |
| 2020-12-31 | CN¥1.05 Billion ≈ $153.63 Million |
+6.45% |
| 2019-12-31 | CN¥986.27 Million ≈ $144.32 Million |
+6.44% |
| 2018-12-31 | CN¥926.58 Million ≈ $135.59 Million |
-16.39% |
| 2017-12-31 | CN¥1.11 Billion ≈ $162.17 Million |
+0.25% |
| 2016-12-31 | CN¥1.11 Billion ≈ $161.76 Million |
+70.11% |
| 2015-12-31 | CN¥649.82 Million ≈ $95.09 Million |
-2.27% |
| 2014-12-31 | CN¥664.90 Million ≈ $97.30 Million |
-0.36% |
| 2013-12-31 | CN¥667.32 Million ≈ $97.65 Million |
+98.71% |
| 2012-12-31 | CN¥335.83 Million ≈ $49.14 Million |
+0.57% |
| 2011-12-31 | CN¥333.94 Million ≈ $48.87 Million |
+18.11% |
| 2010-12-31 | CN¥282.74 Million ≈ $41.37 Million |
+2.10% |
| 2009-12-31 | CN¥276.91 Million ≈ $40.52 Million |
+34.82% |
| 2008-12-31 | CN¥205.39 Million ≈ $30.06 Million |
-2.05% |
| 2007-12-31 | CN¥209.69 Million ≈ $30.68 Million |
-25.22% |
| 2006-12-31 | CN¥280.42 Million ≈ $41.03 Million |
-2.61% |
| 2005-12-31 | CN¥287.94 Million ≈ $42.14 Million |
+1.15% |
| 2004-12-31 | CN¥284.68 Million ≈ $41.66 Million |
+0.13% |
| 2003-12-31 | CN¥284.30 Million ≈ $41.60 Million |
+3.28% |
| 2002-12-31 | CN¥275.28 Million ≈ $40.28 Million |
-11.51% |
| 2001-12-31 | CN¥311.07 Million ≈ $45.52 Million |
+4.87% |
| 2000-12-31 | CN¥296.64 Million ≈ $43.41 Million |
+4.43% |
| 1999-12-31 | CN¥284.05 Million ≈ $41.57 Million |
-0.32% |
| 1998-12-31 | CN¥284.97 Million ≈ $41.70 Million |
+61.42% |
| 1997-12-31 | CN¥176.54 Million ≈ $25.83 Million |
+11.56% |
| 1996-12-31 | CN¥158.25 Million ≈ $23.16 Million |
+12.60% |
| 1995-12-31 | CN¥140.54 Million ≈ $20.57 Million |
-0.63% |
| 1994-12-31 | CN¥141.43 Million ≈ $20.70 Million |
+9.45% |
| 1993-12-31 | CN¥129.22 Million ≈ $18.91 Million |
+416.10% |
| 1992-12-31 | CN¥25.04 Million ≈ $3.66 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 116495.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.02 Billion | 116.93% |
| Total Equity | CN¥868.21 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 |
|---|---|
|
Bowhead Specialty Holdings Inc.
NYSE:BOW
|
$888.60 Million |
|
Shanghai Fengyuzhu Exhibition Co Ltd Class A
SHG:603466
|
$888.64 Million |
|
Wuhan Keqian Biology Co Ltd
SHG:688526
|
$888.77 Million |
|
GIGAVIS LTD (PROPOSED)
KQ:420770
|
$889.08 Million |
|
Daewoong Pharma
KO:069620
|
$887.37 Million |
|
Jiangsu Gian Technology Co Ltd
SHE:300709
|
$887.12 Million |
|
Corticeira Amorim
LS:COR
|
$887.11 Million |
|
Scandinavian Tobacco Group A/S
CO:STG
|
$886.93 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 2024 to 2025, total equity changed from 848,790,237 to 868,213,910, a change of 19,423,673 (2.3%).
- Net income of 20,336,489 contributed positively to equity growth.
- Dividend payments of 17,054,241 reduced retained earnings.
- Other comprehensive income decreased equity by 64,562,366.
- Other factors increased equity by 80,703,791.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥20.34 Million | +2.34% |
| Dividends Paid | CN¥17.05 Million | -1.96% |
| Other Comprehensive Income | CN¥-64.56 Million | -7.44% |
| Other Changes | CN¥80.70 Million | +9.3% |
| Total Change | CN¥- | 2.29% |
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: 6.99x
- 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 155.95x to 6.99x 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¥16.92 | x |
| 1993-12-31 | CN¥0.56 | CN¥16.92 | x |
| 1994-12-31 | CN¥0.61 | CN¥16.92 | x |
| 1995-12-31 | CN¥0.61 | CN¥16.92 | x |
| 1996-12-31 | CN¥0.69 | CN¥16.92 | x |
| 1997-12-31 | CN¥0.76 | CN¥16.92 | x |
| 1998-12-31 | CN¥1.23 | CN¥16.92 | x |
| 1999-12-31 | CN¥1.23 | CN¥16.92 | x |
| 2000-12-31 | CN¥1.28 | CN¥16.92 | x |
| 2001-12-31 | CN¥1.33 | CN¥16.92 | x |
| 2002-12-31 | CN¥1.18 | CN¥16.92 | x |
| 2003-12-31 | CN¥1.19 | CN¥16.92 | x |
| 2004-12-31 | CN¥1.20 | CN¥16.92 | x |
| 2005-12-31 | CN¥1.21 | CN¥16.92 | x |
| 2006-12-31 | CN¥1.14 | CN¥16.92 | x |
| 2007-12-31 | CN¥0.90 | CN¥16.92 | x |
| 2008-12-31 | CN¥0.89 | CN¥16.92 | x |
| 2009-12-31 | CN¥1.24 | CN¥16.92 | x |
| 2010-12-31 | CN¥1.42 | CN¥16.92 | x |
| 2011-12-31 | CN¥1.50 | CN¥16.92 | x |
| 2012-12-31 | CN¥1.44 | CN¥16.92 | x |
| 2013-12-31 | CN¥2.99 | CN¥16.92 | x |
| 2014-12-31 | CN¥2.36 | CN¥16.92 | x |
| 2015-12-31 | CN¥2.31 | CN¥16.92 | x |
| 2016-12-31 | CN¥3.41 | CN¥16.92 | x |
| 2017-12-31 | CN¥3.08 | CN¥16.92 | x |
| 2018-12-31 | CN¥2.57 | CN¥16.92 | x |
| 2019-12-31 | CN¥2.68 | CN¥16.92 | x |
| 2020-12-31 | CN¥2.78 | CN¥16.92 | x |
| 2021-12-31 | CN¥2.94 | CN¥16.92 | x |
| 2022-12-31 | CN¥3.08 | CN¥16.92 | x |
| 2023-12-31 | CN¥2.36 | CN¥16.92 | x |
| 2024-12-31 | CN¥2.36 | CN¥16.92 | x |
| 2025-12-31 | CN¥2.42 | CN¥16.92 | 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): 2.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.34%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 2.20x
- Recent ROE (2.34%) is below the historical average (3.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 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 |
| 2025 | 2.34% | 1.34% | 0.80x | 2.20x | CN¥-66.48 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: $2,846,205,967
- Average return on equity (ROE) among peers: 10.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Delong Composite Energy Group Co Ltd (000593) | CN¥970.27 Million | 18.76% | 0.96x | $887.94 Million |
| Xinjiang Haoyuan Natural Gas Co Ltd (002700) | $657.44 Million | 12.51% | 0.16x | $346.82 Million |
| Foran Energy Group Co Ltd (002911) | $9.45 Billion | 9.03% | 1.04x | $2.16 Billion |
| Top Resource Conservation Engineering Co Ltd (300332) | $3.65 Billion | 1.53% | 1.33x | $583.00 Million |
| Sichuan Qiaoyuan Gas Co.Ltd (301286) | $1.75 Billion | 8.51% | 0.14x | $2.08 Billion |
| Changchun Gas Co Ltd (600333) | $243.18 Million | 7.90% | 1.24x | $514.22 Million |
| Shanghai DaZhong Public Utilities Group Co Ltd (600635) | $292.62 Million | 13.76% | 0.16x | $1.68 Billion |
| Bestsun Energy Co Ltd (600681) | $3.92 Billion | 21.91% | 0.80x | $678.88 Million |
| ENN Ecological Holdings Co Ltd (600803) | $4.19 Billion | 16.94% | 1.05x | $8.06 Billion |
| Guizhou Gas Group Corporation Ltd Class A (600903) | $1.47 Billion | 3.11% | 2.98x | $1.05 Billion |
About 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