Shanxi Blue Flame Holding Co Ltd (000968) - Net Assets
Based on the latest financial reports, Shanxi Blue Flame Holding Co Ltd (000968) has net assets worth CN¥6.40 Billion CNY (≈ $936.00 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¥11.22 Billion ≈ $1.64 Billion USD) and total liabilities (CN¥4.82 Billion ≈ $705.95 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. Check 000968 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥6.40 Billion |
| % of Total Assets | 57.01% |
| Annual Growth Rate | 12.05% |
| 5-Year Change | 33.13% |
| 10-Year Change | 320.69% |
| Growth Volatility | 43.96 |
Shanxi Blue Flame Holding Co Ltd - Net Assets Trend (1997–2025)
This chart illustrates how Shanxi Blue Flame Holding Co Ltd's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Shanxi Blue Flame Holding Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shanxi Blue Flame Holding Co Ltd (1997–2025)
The table below shows the annual net assets of Shanxi Blue Flame Holding Co Ltd from 1997 to 2025. For live valuation and market cap data, see Shanxi Blue Flame Holding Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥6.25 Billion ≈ $914.81 Million |
+5.02% |
| 2024-12-31 | CN¥5.95 Billion ≈ $871.08 Million |
+4.72% |
| 2023-12-31 | CN¥5.68 Billion ≈ $831.82 Million |
+9.09% |
| 2022-12-31 | CN¥5.21 Billion ≈ $762.53 Million |
+10.97% |
| 2021-12-31 | CN¥4.70 Billion ≈ $687.17 Million |
+5.48% |
| 2020-12-31 | CN¥4.45 Billion ≈ $651.48 Million |
+0.71% |
| 2019-12-31 | CN¥4.42 Billion ≈ $646.86 Million |
+12.50% |
| 2018-12-31 | CN¥3.93 Billion ≈ $575.00 Million |
+20.51% |
| 2017-12-31 | CN¥3.26 Billion ≈ $477.16 Million |
+119.43% |
| 2016-12-31 | CN¥1.49 Billion ≈ $217.45 Million |
+101.91% |
| 2015-12-31 | CN¥735.96 Million ≈ $107.69 Million |
-74.37% |
| 2014-12-31 | CN¥2.87 Billion ≈ $420.19 Million |
-19.03% |
| 2013-12-31 | CN¥3.55 Billion ≈ $518.95 Million |
+1.74% |
| 2012-12-31 | CN¥3.49 Billion ≈ $510.08 Million |
-13.40% |
| 2011-12-31 | CN¥4.03 Billion ≈ $589.03 Million |
+7.71% |
| 2010-12-31 | CN¥3.74 Billion ≈ $546.86 Million |
+5.52% |
| 2009-12-31 | CN¥3.54 Billion ≈ $518.26 Million |
+20.24% |
| 2008-12-31 | CN¥2.95 Billion ≈ $431.01 Million |
+42.43% |
| 2007-12-31 | CN¥2.07 Billion ≈ $302.62 Million |
+11.95% |
| 2006-12-31 | CN¥1.85 Billion ≈ $270.32 Million |
+20.99% |
| 2005-12-31 | CN¥1.53 Billion ≈ $223.42 Million |
+20.36% |
| 2004-12-31 | CN¥1.27 Billion ≈ $185.62 Million |
+0.56% |
| 2003-12-31 | CN¥1.26 Billion ≈ $184.58 Million |
+6.59% |
| 2002-12-31 | CN¥1.18 Billion ≈ $173.17 Million |
+3.92% |
| 2001-12-31 | CN¥1.14 Billion ≈ $166.64 Million |
+2.66% |
| 2000-12-31 | CN¥1.11 Billion ≈ $162.31 Million |
+162.50% |
| 1999-12-31 | CN¥422.56 Million ≈ $61.83 Million |
+60.72% |
| 1998-12-31 | CN¥262.92 Million ≈ $38.47 Million |
+1.76% |
| 1997-12-31 | CN¥258.36 Million ≈ $37.81 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanxi Blue Flame Holding 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 grown by 359367447676.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.58 Billion | 57.37% |
| Other Components | CN¥2.66 Billion | 42.63% |
| Total Equity | CN¥6.25 Billion | 100.00% |
Shanxi Blue Flame Holding Co Ltd Competitors by Market Cap
The table below lists competitors of Shanxi Blue Flame Holding Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rayhoo Motor Dies Co Ltd
SHE:002997
|
$942.49 Million |
|
Walton Advanced Engineering Inc
TW:8110
|
$943.27 Million |
|
Grindrod
JSE:GND
|
$943.28 Million |
|
BlackRock Credit Allocation Income Trust
NYSE:BTZ
|
$943.51 Million |
|
Medincell SA
PA:MEDCL
|
$941.48 Million |
|
Hangzhou Anysoft Information Technology Co Ltd
SHE:300571
|
$941.24 Million |
|
Zhejiang Founder Motor Co Ltd
SHE:002196
|
$941.12 Million |
|
Sumavision Technologies
SHE:300079
|
$941.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanxi Blue Flame Holding Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,939,047,204 to 6,245,372,657, a change of 306,325,453 (5.2%).
- Net income of 334,928,221 contributed positively to equity growth.
- Dividend payments of 138,293,996 reduced retained earnings.
- Other comprehensive income increased equity by 997,583,605.
- Other factors decreased equity by 887,892,378.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥334.93 Million | +5.36% |
| Dividends Paid | CN¥138.29 Million | -2.21% |
| Other Comprehensive Income | CN¥997.58 Million | +15.97% |
| Other Changes | CN¥-887.89 Million | -14.22% |
| Total Change | CN¥- | 5.16% |
Book Value vs Market Value Analysis
This analysis compares Shanxi Blue Flame Holding 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: 1.03x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 13.22x to 1.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | CN¥0.50 | CN¥6.65 | x |
| 1998-12-31 | CN¥0.51 | CN¥6.65 | x |
| 1999-12-31 | CN¥0.82 | CN¥6.65 | x |
| 2000-12-31 | CN¥2.16 | CN¥6.65 | x |
| 2001-12-31 | CN¥2.22 | CN¥6.65 | x |
| 2002-12-31 | CN¥2.30 | CN¥6.65 | x |
| 2003-12-31 | CN¥2.45 | CN¥6.65 | x |
| 2004-12-31 | CN¥2.46 | CN¥6.65 | x |
| 2005-12-31 | CN¥2.84 | CN¥6.65 | x |
| 2006-12-31 | CN¥3.08 | CN¥6.65 | x |
| 2007-12-31 | CN¥3.48 | CN¥6.65 | x |
| 2008-12-31 | CN¥4.99 | CN¥6.65 | x |
| 2009-12-31 | CN¥5.44 | CN¥6.65 | x |
| 2010-12-31 | CN¥5.71 | CN¥6.65 | x |
| 2011-12-31 | CN¥6.15 | CN¥6.65 | x |
| 2012-12-31 | CN¥5.28 | CN¥6.65 | x |
| 2013-12-31 | CN¥5.38 | CN¥6.65 | x |
| 2014-12-31 | CN¥3.57 | CN¥6.65 | x |
| 2015-12-31 | CN¥0.46 | CN¥6.65 | x |
| 2016-12-31 | CN¥2.93 | CN¥6.65 | x |
| 2017-12-31 | CN¥3.36 | CN¥6.65 | x |
| 2018-12-31 | CN¥3.96 | CN¥6.65 | x |
| 2019-12-31 | CN¥4.53 | CN¥6.65 | x |
| 2020-12-31 | CN¥4.59 | CN¥6.65 | x |
| 2021-12-31 | CN¥4.89 | CN¥6.65 | x |
| 2022-12-31 | CN¥5.34 | CN¥6.65 | x |
| 2023-12-31 | CN¥5.88 | CN¥6.65 | x |
| 2024-12-31 | CN¥6.15 | CN¥6.65 | x |
| 2025-12-31 | CN¥6.46 | CN¥6.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanxi Blue Flame Holding 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): 5.36%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.87%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 1.77x
- Recent ROE (5.36%) is below the historical average (11.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 16.34% | 7.34% | 0.90x | 2.46x | CN¥16.37 Million |
| 1998 | 18.54% | 8.74% | 0.82x | 2.57x | CN¥22.46 Million |
| 1999 | 13.82% | 10.98% | 0.51x | 2.45x | CN¥16.12 Million |
| 2000 | 4.84% | 9.03% | 0.35x | 1.54x | CN¥-57.24 Million |
| 2001 | 4.74% | 8.14% | 0.36x | 1.62x | CN¥-59.95 Million |
| 2002 | 4.16% | 6.11% | 0.38x | 1.77x | CN¥-69.13 Million |
| 2003 | 5.62% | 6.21% | 0.51x | 1.77x | CN¥-55.06 Million |
| 2004 | 12.94% | 9.60% | 0.64x | 2.10x | CN¥37.22 Million |
| 2005 | 12.77% | 7.56% | 0.82x | 2.06x | CN¥40.45 Million |
| 2006 | 8.38% | 4.99% | 0.74x | 2.26x | CN¥-25.62 Million |
| 2007 | 14.98% | 7.81% | 0.90x | 2.14x | CN¥88.84 Million |
| 2008 | 26.69% | 14.45% | 0.98x | 1.88x | CN¥427.85 Million |
| 2009 | 13.58% | 11.68% | 0.62x | 1.87x | CN¥100.03 Million |
| 2010 | 8.01% | 6.67% | 0.53x | 2.28x | CN¥-58.21 Million |
| 2011 | 6.54% | 5.47% | 0.50x | 2.41x | CN¥-109.38 Million |
| 2012 | -12.99% | -10.63% | 0.35x | 3.49x | CN¥-623.06 Million |
| 2013 | 1.65% | 2.18% | 0.18x | 4.24x | CN¥-230.77 Million |
| 2014 | -54.30% | -57.72% | 0.11x | 8.42x | CN¥-1.18 Billion |
| 2015 | 122.40% | 17.24% | 0.12x | 57.92x | CN¥242.65 Million |
| 2016 | 28.02% | 30.73% | 0.20x | 4.54x | CN¥247.25 Million |
| 2017 | 15.48% | 25.71% | 0.26x | 2.33x | CN¥173.32 Million |
| 2018 | 17.67% | 29.08% | 0.29x | 2.08x | CN¥294.56 Million |
| 2019 | 12.81% | 29.54% | 0.21x | 2.02x | CN¥122.26 Million |
| 2020 | 2.83% | 8.67% | 0.14x | 2.37x | CN¥-315.95 Million |
| 2021 | 6.54% | 15.43% | 0.17x | 2.47x | CN¥-161.56 Million |
| 2022 | 10.86% | 22.51% | 0.22x | 2.20x | CN¥44.72 Million |
| 2023 | 9.53% | 22.68% | 0.20x | 2.09x | CN¥-26.66 Million |
| 2024 | 7.31% | 19.17% | 0.20x | 1.92x | CN¥-159.48 Million |
| 2025 | 5.36% | 15.87% | 0.19x | 1.77x | CN¥-289.61 Million |
Industry Comparison
This section compares Shanxi Blue Flame Holding Co Ltd's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $2,870,728,727
- Average return on equity (ROE) among peers: 3.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanxi Blue Flame Holding Co Ltd (000968) | CN¥6.40 Billion | 16.34% | 0.75x | $941.48 Million |
| Oriental Energy Co Ltd (002221) | $1.63 Billion | 5.62% | 1.98x | $1.36 Billion |
| Geo-Jade Petroleum Corp (600759) | $5.41 Billion | 1.20% | 1.62x | $1.40 Billion |
| Shandong Xinchao Energy Co Ltd (600777) | $1.56 Billion | 2.71% | 0.84x | $4.89 Billion |
About Shanxi Blue Flame Holding Co Ltd
Shanxi Blue Flame Holding Company Limited engages in the exploration, development, and utilization of coal mine gas. It is also engaged in coalbed methane surface mining, mineral resource exploration, and coal mine gas control businesses as well as offers coalbed methane products, as well as provides road freight transportation services. The company was formerly known as Taiyuan Coal Gasification… Read more