Yantai Jereh Oilfield Services Group Co Ltd
Yantai Jereh Oilfield Services Group Co., Ltd. engages in the equipment manufacturing, oil and gas engineering and technical services, and environmental management and new energy businesses in China and internationally. The company offers oilfield equipment, including fracturing equipment, power supply solutions, intelligent cementing equipment, intelligent coiled tubing equipment, and plunger pu… Read more
Yantai Jereh Oilfield Services Group Co Ltd (002353) - Net Assets
Latest net assets as of September 2025: CN¥23.04 Billion CNY
Based on the latest financial reports, Yantai Jereh Oilfield Services Group Co Ltd (002353) has net assets worth CN¥23.04 Billion 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¥38.08 Billion) and total liabilities (CN¥15.04 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 | CN¥23.04 Billion |
| % of Total Assets | 60.49% |
| Annual Growth Rate | 38.47% |
| 5-Year Change | 93.44% |
| 10-Year Change | 174.17% |
| Growth Volatility | 122.8 |
Yantai Jereh Oilfield Services Group Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Yantai Jereh Oilfield Services 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 Yantai Jereh Oilfield Services Group Co Ltd (2006–2024)
The table below shows the annual net assets of Yantai Jereh Oilfield Services Group Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥22.00 Billion | +9.20% |
| 2023-12-31 | CN¥20.15 Billion | +11.18% |
| 2022-12-31 | CN¥18.12 Billion | +41.40% |
| 2021-12-31 | CN¥12.82 Billion | +12.68% |
| 2020-12-31 | CN¥11.37 Billion | +13.29% |
| 2019-12-31 | CN¥10.04 Billion | +15.85% |
| 2018-12-31 | CN¥8.67 Billion | +6.06% |
| 2017-12-31 | CN¥8.17 Billion | +1.31% |
| 2016-12-31 | CN¥8.06 Billion | +0.50% |
| 2015-12-31 | CN¥8.02 Billion | -1.45% |
| 2014-12-31 | CN¥8.14 Billion | +101.70% |
| 2013-12-31 | CN¥4.04 Billion | +27.71% |
| 2012-12-31 | CN¥3.16 Billion | +22.10% |
| 2011-12-31 | CN¥2.59 Billion | +15.06% |
| 2010-12-31 | CN¥2.25 Billion | +548.79% |
| 2009-12-31 | CN¥346.83 Million | +74.92% |
| 2008-12-31 | CN¥198.28 Million | +71.28% |
| 2007-12-31 | CN¥115.76 Million | +84.45% |
| 2006-12-31 | CN¥62.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Yantai Jereh Oilfield Services 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 grown by 45317.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥13.91 Billion | 65.76% |
| Common Stock | CN¥1.02 Billion | 4.84% |
| Other Comprehensive Income | CN¥427.88 Million | 2.02% |
| Other Components | CN¥5.79 Billion | 27.38% |
| Total Equity | CN¥21.16 Billion | 100.00% |
Yantai Jereh Oilfield Services Group Co Ltd Competitors by Market Cap
The table below lists competitors of Yantai Jereh Oilfield Services Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tata Power Company Limited
NSE:TATAPOWER
|
$7.68 Billion |
|
Paramount Global Class A
NASDAQ:PARAA
|
$7.68 Billion |
|
ConAgra Foods Inc
NYSE:CAG
|
$7.69 Billion |
|
FactSet Research Systems Inc
NYSE:FDS
|
$7.69 Billion |
|
Wynn Resorts Limited
NASDAQ:WYNN
|
$7.67 Billion |
|
Murphy USA Inc
NYSE:MUSA
|
$7.67 Billion |
|
Azek Company Inc
NYSE:AZEK
|
$7.66 Billion |
|
Korea Aerospace Industries
KO:047810
|
$7.66 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Yantai Jereh Oilfield Services Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 19,321,272,000 to 21,155,377,731, a change of 1,834,105,731 (9.5%).
- Net income of 2,627,034,935 contributed positively to equity growth.
- Dividend payments of 763,413,542 reduced retained earnings.
- Share repurchases of 221,547,078 reduced equity.
- Other comprehensive income increased equity by 427,878,997.
- Other factors decreased equity by 235,847,581.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.63 Billion | +12.42% |
| Dividends Paid | CN¥763.41 Million | -3.61% |
| Share Repurchases | CN¥221.55 Million | -1.05% |
| Other Comprehensive Income | CN¥427.88 Million | +2.02% |
| Other Changes | CN¥-235.85 Million | -1.11% |
| Total Change | CN¥- | 9.49% |
Book Value vs Market Value Analysis
This analysis compares Yantai Jereh Oilfield Services 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: 4.83x
- 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 1080.49x to 4.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.09 | CN¥100.70 | x |
| 2007-12-31 | CN¥0.17 | CN¥100.70 | x |
| 2008-12-31 | CN¥0.29 | CN¥100.70 | x |
| 2009-12-31 | CN¥0.51 | CN¥100.70 | x |
| 2010-12-31 | CN¥2.55 | CN¥100.70 | x |
| 2011-12-31 | CN¥2.86 | CN¥100.70 | x |
| 2012-12-31 | CN¥3.52 | CN¥100.70 | x |
| 2013-12-31 | CN¥4.47 | CN¥100.70 | x |
| 2014-12-31 | CN¥8.28 | CN¥100.70 | x |
| 2015-12-31 | CN¥8.07 | CN¥100.70 | x |
| 2016-12-31 | CN¥8.46 | CN¥100.70 | x |
| 2017-12-31 | CN¥8.21 | CN¥100.70 | x |
| 2018-12-31 | CN¥8.75 | CN¥100.70 | x |
| 2019-12-31 | CN¥10.20 | CN¥100.70 | x |
| 2020-12-31 | CN¥11.60 | CN¥100.70 | x |
| 2021-12-31 | CN¥13.06 | CN¥100.70 | x |
| 2022-12-31 | CN¥16.86 | CN¥100.70 | x |
| 2023-12-31 | CN¥18.97 | CN¥100.70 | x |
| 2024-12-31 | CN¥20.86 | CN¥100.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Yantai Jereh Oilfield Services 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): 12.42%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.67%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.69x
- Recent ROE (12.42%) is below the historical average (18.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 34.39% | 11.00% | 1.08x | 2.90x | CN¥14.37 Million |
| 2007 | 38.61% | 13.20% | 1.21x | 2.42x | CN¥30.19 Million |
| 2008 | 45.10% | 20.00% | 1.00x | 2.26x | CN¥68.40 Million |
| 2009 | 52.80% | 26.39% | 1.29x | 1.55x | CN¥145.60 Million |
| 2010 | 12.55% | 30.05% | 0.39x | 1.07x | CN¥57.35 Million |
| 2011 | 16.47% | 29.29% | 0.48x | 1.18x | CN¥166.67 Million |
| 2012 | 20.44% | 26.98% | 0.51x | 1.49x | CN¥328.57 Million |
| 2013 | 24.63% | 26.63% | 0.54x | 1.72x | CN¥585.21 Million |
| 2014 | 15.22% | 26.91% | 0.40x | 1.42x | CN¥411.44 Million |
| 2015 | 1.86% | 5.12% | 0.27x | 1.33x | CN¥-634.52 Million |
| 2016 | 1.54% | 4.26% | 0.28x | 1.28x | CN¥-664.82 Million |
| 2017 | 0.85% | 2.13% | 0.31x | 1.29x | CN¥-727.48 Million |
| 2018 | 7.31% | 13.38% | 0.39x | 1.42x | CN¥-226.19 Million |
| 2019 | 13.93% | 19.65% | 0.42x | 1.69x | CN¥384.12 Million |
| 2020 | 15.26% | 20.38% | 0.44x | 1.70x | CN¥582.60 Million |
| 2021 | 12.72% | 18.07% | 0.45x | 1.57x | CN¥338.71 Million |
| 2022 | 13.00% | 19.68% | 0.39x | 1.69x | CN¥518.32 Million |
| 2023 | 12.70% | 17.64% | 0.44x | 1.64x | CN¥522.25 Million |
| 2024 | 12.42% | 19.67% | 0.37x | 1.69x | CN¥511.50 Million |
Industry Comparison
This section compares Yantai Jereh Oilfield Services Group Co Ltd's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $751,953,235
- Average return on equity (ROE) among peers: -27.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Yantai Jereh Oilfield Services Group Co Ltd (002353) | CN¥23.04 Billion | 34.39% | 0.65x | $7.68 Billion |
| Xinjiang Zhundong Petroleum (002207) | $156.67 Million | 4.89% | 1.19x | $275.58 Million |
| China Oil HBP Science & Technology Co Ltd (002554) | $1.74 Billion | -28.35% | 1.23x | $416.87 Million |
| Zhejiang Renzhi Co Ltd (002629) | $685.23 Million | 3.58% | 0.12x | $282.35 Million |
| Lanzhou Haimo Technologies Co (300084) | $1.07 Billion | 3.74% | 0.52x | $485.03 Million |
| LandOcean Energy Services Co (300157) | $269.26 Million | -267.05% | 6.94x | $562.67 Million |
| Tong Oil Tools (300164) | $118.51 Million | 30.83% | 0.86x | $511.69 Million |
| Sino Geophysical (300191) | $1.17 Billion | -4.09% | 0.08x | $943.88 Million |
| Chengdu Huaqi Houpu Holding Co Ltd (300471) | $225.12 Million | 0.00% | 1.02x | $599.98 Million |
| Dezhou United Petroleum Technology Co.Ltd. (301158) | $1.33 Billion | 7.45% | 0.34x | $266.67 Million |