Shaanxi Provincial Natural Gas Co Ltd (002267) - Net Assets
Based on the latest financial reports, Shaanxi Provincial Natural Gas Co Ltd (002267) has net assets worth CN¥7.29 Billion CNY (≈ $1.07 Billion 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¥14.21 Billion ≈ $2.08 Billion USD) and total liabilities (CN¥6.92 Billion ≈ $1.01 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 002267 strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥7.29 Billion |
| % of Total Assets | 51.3% |
| Annual Growth Rate | 14.72% |
| 5-Year Change | 3.56% |
| 10-Year Change | 26.07% |
| Growth Volatility | 39.34 |
Shaanxi Provincial Natural Gas Co Ltd - Net Assets Trend (2005–2025)
This chart illustrates how Shaanxi Provincial Natural Gas Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Shaanxi Provincial Natural Gas Co Ltd.
Annual Net Assets for Shaanxi Provincial Natural Gas Co Ltd (2005–2025)
The table below shows the annual net assets of Shaanxi Provincial Natural Gas Co Ltd from 2005 to 2025. Also explore net asset growth rate of Shaanxi Provincial Natural Gas Co Ltd to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥6.87 Billion ≈ $1.01 Billion |
+2.15% |
| 2024-12-31 | CN¥6.73 Billion ≈ $984.63 Million |
-1.83% |
| 2023-12-31 | CN¥6.85 Billion ≈ $1.00 Billion |
+4.03% |
| 2022-12-31 | CN¥6.59 Billion ≈ $964.21 Million |
-0.72% |
| 2021-12-31 | CN¥6.64 Billion ≈ $971.22 Million |
+3.66% |
| 2020-12-31 | CN¥6.40 Billion ≈ $936.90 Million |
+3.73% |
| 2019-12-31 | CN¥6.17 Billion ≈ $903.20 Million |
+6.82% |
| 2018-12-31 | CN¥5.78 Billion ≈ $845.54 Million |
+1.01% |
| 2017-12-31 | CN¥5.72 Billion ≈ $837.06 Million |
+4.92% |
| 2016-12-31 | CN¥5.45 Billion ≈ $797.79 Million |
+6.78% |
| 2015-12-31 | CN¥5.11 Billion ≈ $747.16 Million |
+10.96% |
| 2014-12-31 | CN¥4.60 Billion ≈ $673.38 Million |
+42.89% |
| 2013-12-31 | CN¥3.22 Billion ≈ $471.26 Million |
+7.19% |
| 2012-12-31 | CN¥3.00 Billion ≈ $439.67 Million |
+7.74% |
| 2011-12-31 | CN¥2.79 Billion ≈ $408.08 Million |
+12.45% |
| 2010-12-31 | CN¥2.48 Billion ≈ $362.89 Million |
+11.69% |
| 2009-12-31 | CN¥2.22 Billion ≈ $324.90 Million |
+8.15% |
| 2008-12-31 | CN¥2.05 Billion ≈ $300.42 Million |
+180.13% |
| 2007-12-31 | CN¥732.87 Million ≈ $107.24 Million |
+52.99% |
| 2006-12-31 | CN¥479.01 Million ≈ $70.09 Million |
+8.67% |
| 2005-12-31 | CN¥440.80 Million ≈ $64.50 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shaanxi Provincial Natural Gas 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 13571.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.76 Billion | 56.88% |
| Other Components | CN¥2.85 Billion | 43.12% |
| Total Equity | CN¥6.62 Billion | 100.00% |
Shaanxi Provincial Natural Gas Co Ltd Competitors by Market Cap
The table below lists competitors of Shaanxi Provincial Natural Gas Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EVEREST MED.LTD DL-0001
F:6HN
|
$1.16 Billion |
|
Marcus & Millichap Inc
NYSE:MMI
|
$1.16 Billion |
|
Artivion Inc
NYSE:AORT
|
$1.16 Billion |
|
Malaysia Building Society Bhd
KLSE:1171
|
$1.16 Billion |
|
Sichuan Crun Co Ltd
SHE:002272
|
$1.16 Billion |
|
Drägerwerk AG & Co. KGaA (pref)
F:DRW3
|
$1.15 Billion |
|
Xinlei Compressor Co. Ltd. A
SHE:301317
|
$1.15 Billion |
|
KTK Group Co Ltd
SHG:603680
|
$1.15 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shaanxi Provincial Natural Gas Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,426,804,560 to 6,616,114,190, a change of 189,309,630 (2.9%).
- Net income of 583,929,119 contributed positively to equity growth.
- Dividend payments of 497,557,417 reduced retained earnings.
- Other factors increased equity by 102,937,929.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥583.93 Million | +8.83% |
| Dividends Paid | CN¥497.56 Million | -7.52% |
| Other Changes | CN¥102.94 Million | +1.56% |
| Total Change | CN¥- | 2.95% |
Book Value vs Market Value Analysis
This analysis compares Shaanxi Provincial Natural Gas 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: 1.19x
- 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 11.79x to 1.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | CN¥0.60 | CN¥7.10 | x |
| 2006-12-31 | CN¥0.59 | CN¥7.10 | x |
| 2007-12-31 | CN¥0.90 | CN¥7.10 | x |
| 2008-12-31 | CN¥2.32 | CN¥7.10 | x |
| 2009-12-31 | CN¥2.17 | CN¥7.10 | x |
| 2010-12-31 | CN¥2.42 | CN¥7.10 | x |
| 2011-12-31 | CN¥2.73 | CN¥7.10 | x |
| 2012-12-31 | CN¥2.94 | CN¥7.10 | x |
| 2013-12-31 | CN¥3.09 | CN¥7.10 | x |
| 2014-12-31 | CN¥4.05 | CN¥7.10 | x |
| 2015-12-31 | CN¥4.46 | CN¥7.10 | x |
| 2016-12-31 | CN¥4.77 | CN¥7.10 | x |
| 2017-12-31 | CN¥5.00 | CN¥7.10 | x |
| 2018-12-31 | CN¥5.04 | CN¥7.10 | x |
| 2019-12-31 | CN¥5.39 | CN¥7.10 | x |
| 2020-12-31 | CN¥5.53 | CN¥7.10 | x |
| 2021-12-31 | CN¥5.72 | CN¥7.10 | x |
| 2022-12-31 | CN¥5.68 | CN¥7.10 | x |
| 2023-12-31 | CN¥5.90 | CN¥7.10 | x |
| 2024-12-31 | CN¥5.78 | CN¥7.10 | x |
| 2025-12-31 | CN¥5.95 | CN¥7.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shaanxi Provincial Natural Gas 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): 8.83%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.79%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 2.21x
- Recent ROE (8.83%) is below the historical average (14.01%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 28.20% | 11.27% | 0.57x | 4.39x | CN¥80.21 Million |
| 2006 | 42.62% | 15.07% | 0.71x | 3.99x | CN¥156.24 Million |
| 2007 | 34.64% | 16.08% | 0.85x | 2.53x | CN¥180.57 Million |
| 2008 | 14.40% | 16.89% | 0.60x | 1.42x | CN¥90.29 Million |
| 2009 | 16.13% | 17.79% | 0.65x | 1.39x | CN¥135.19 Million |
| 2010 | 16.38% | 16.29% | 0.62x | 1.62x | CN¥157.41 Million |
| 2011 | 14.71% | 12.33% | 0.55x | 2.16x | CN¥130.85 Million |
| 2012 | 11.21% | 8.82% | 0.50x | 2.54x | CN¥36.12 Million |
| 2013 | 10.74% | 8.32% | 0.47x | 2.75x | CN¥23.38 Million |
| 2014 | 11.37% | 9.63% | 0.55x | 2.16x | CN¥61.69 Million |
| 2015 | 11.82% | 8.63% | 0.67x | 2.04x | CN¥90.18 Million |
| 2016 | 9.59% | 7.05% | 0.70x | 1.95x | CN¥-21.57 Million |
| 2017 | 7.11% | 5.17% | 0.71x | 1.94x | CN¥-160.69 Million |
| 2018 | 7.12% | 4.44% | 0.77x | 2.08x | CN¥-161.43 Million |
| 2019 | 7.61% | 4.68% | 0.81x | 2.01x | CN¥-143.11 Million |
| 2020 | 5.80% | 4.35% | 0.62x | 2.17x | CN¥-258.24 Million |
| 2021 | 6.62% | 5.57% | 0.58x | 2.04x | CN¥-215.13 Million |
| 2022 | 9.75% | 7.23% | 0.66x | 2.06x | CN¥-15.82 Million |
| 2023 | 8.30% | 6.97% | 0.61x | 1.95x | CN¥-111.77 Million |
| 2024 | 11.26% | 8.01% | 0.62x | 2.28x | CN¥81.29 Million |
| 2025 | 8.83% | 6.79% | 0.59x | 2.21x | CN¥-77.68 Million |
Industry Comparison
This section compares Shaanxi Provincial Natural Gas Co Ltd's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $11,112,944,851
- Average return on equity (ROE) among peers: 14.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shaanxi Provincial Natural Gas Co Ltd (002267) | CN¥7.29 Billion | 28.20% | 0.95x | $1.16 Billion |
| Zhuhai Winbase International Chemical Tank Terminal Co Ltd (002492) | $1.17 Billion | 3.78% | 0.31x | $353.21 Million |
| COSCO Shipping Energy Transportation Co Ltd (600026) | $49.64 Billion | 8.13% | 0.85x | $13.48 Billion |
| Shanxi Guoxin Energy Co Ltd A (600617) | $166.25 Million | 11.93% | 0.18x | $849.60 Million |
| China Merchants Energy Shipping Co Ltd (601872) | $25.75 Billion | 6.26% | 1.13x | $25.82 Billion |
| Nanjing Tanker Corp (601975) | $4.79 Billion | 18.33% | 0.66x | $3.15 Billion |
| Anhui Province Natural Gas Development Co Ltd (603689) | $2.64 Billion | 7.93% | 0.40x | $591.93 Million |
| Jiangxi Jovo Energy Co. Ltd (605090) | $488.57 Million | 46.60% | 5.44x | $3.29 Billion |
| Shanxi Guoxin Energy Co Ltd B (900913) | $4.26 Billion | 12.77% | 3.16x | $32.42 Million |
About Shaanxi Provincial Natural Gas Co Ltd
Shaanxi Provincial Natural Gas Co.,Ltd. engages in the construction and operation of natural gas long-distance pipelines in China. It is involved in the planning, construction, operation, and management of the natural gas pipeline network in Shaanxi Province; transmission, distribution, and sale of downstream gas. The company was founded in 1995 and is headquartered in Xi'an, China. Shaanxi Provi… Read more