Xinjiang Haoyuan Natural Gas Co Ltd (002700) - Net Assets
Based on the latest financial reports, Xinjiang Haoyuan Natural Gas Co Ltd (002700) has net assets worth CN¥1.37 Billion CNY (≈ $200.92 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.58 Billion ≈ $230.48 Million USD) and total liabilities (CN¥201.99 Million ≈ $29.56 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 002700 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.37 Billion |
| % of Total Assets | 87.18% |
| Annual Growth Rate | 24.74% |
| 5-Year Change | 50.66% |
| 10-Year Change | 57.26% |
| Growth Volatility | 76.33 |
Xinjiang Haoyuan Natural Gas Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Xinjiang Haoyuan Natural Gas Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Xinjiang Haoyuan Natural Gas Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Xinjiang Haoyuan Natural Gas Co Ltd (2009–2024)
The table below shows the annual net assets of Xinjiang Haoyuan Natural Gas Co Ltd from 2009 to 2024. For live valuation and market cap data, see how much is Xinjiang Haoyuan Natural Gas Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.34 Billion ≈ $195.67 Million |
+69.40% |
| 2023-12-31 | CN¥789.37 Million ≈ $115.51 Million |
+11.16% |
| 2022-12-31 | CN¥710.14 Million ≈ $103.92 Million |
+14.11% |
| 2021-12-31 | CN¥622.30 Million ≈ $91.06 Million |
-29.89% |
| 2020-12-31 | CN¥887.56 Million ≈ $129.88 Million |
-21.61% |
| 2019-12-31 | CN¥1.13 Billion ≈ $165.68 Million |
+6.31% |
| 2018-12-31 | CN¥1.06 Billion ≈ $155.84 Million |
+9.50% |
| 2017-12-31 | CN¥972.53 Million ≈ $142.31 Million |
+6.68% |
| 2016-12-31 | CN¥911.68 Million ≈ $133.41 Million |
+7.22% |
| 2015-12-31 | CN¥850.29 Million ≈ $124.42 Million |
+11.40% |
| 2014-12-31 | CN¥763.26 Million ≈ $111.69 Million |
+16.10% |
| 2013-12-31 | CN¥657.44 Million ≈ $96.20 Million |
+11.94% |
| 2012-12-31 | CN¥587.34 Million ≈ $85.95 Million |
+297.11% |
| 2011-12-31 | CN¥147.90 Million ≈ $21.64 Million |
+51.20% |
| 2010-12-31 | CN¥97.82 Million ≈ $14.31 Million |
+101.55% |
| 2009-12-31 | CN¥48.53 Million ≈ $7.10 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Xinjiang Haoyuan 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 1625.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥330.78 Million | 24.84% |
| Common Stock | CN¥413.63 Million | 31.06% |
| Other Comprehensive Income | CN¥1.46 Million | 0.11% |
| Other Components | CN¥585.71 Million | 43.99% |
| Total Equity | CN¥1.33 Billion | 100.00% |
Xinjiang Haoyuan Natural Gas Co Ltd Competitors by Market Cap
The table below lists competitors of Xinjiang Haoyuan Natural Gas Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RCE Capital Berhad
KLSE:9296
|
$420.18 Million |
|
Liaoning Shidai Wanheng Co Ltd
SHG:600241
|
$420.32 Million |
|
Gansu Longshenrongfa Pharmaceutical Industry Co Ltd
SHE:300534
|
$420.36 Million |
|
SMS Electric Co Ltd Zhengzhou
SHE:002857
|
$420.55 Million |
|
Guang Dong Sitong Group Co Ltd
SHG:603838
|
$420.05 Million |
|
Nanjing Wondux Environmental Protection Technology Corp Ltd
SHG:688178
|
$420.03 Million |
|
THONBURI HEALTHCARE GRO-NVDR
BK:THG-R
|
$420.01 Million |
|
Atrium Mortgage Investment Corp
TO:AI
|
$419.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xinjiang Haoyuan Natural Gas Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 782,669,021 to 1,331,577,949, a change of 548,908,928 (70.1%).
- Net income of 93,182,263 contributed positively to equity growth.
- Dividend payments of 28,021,701 reduced retained earnings.
- Other comprehensive income decreased equity by 92,049,692.
- Other factors increased equity by 575,798,058.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥93.18 Million | +7.0% |
| Dividends Paid | CN¥28.02 Million | -2.1% |
| Other Comprehensive Income | CN¥-92.05 Million | -6.91% |
| Other Changes | CN¥575.80 Million | +43.24% |
| Total Change | CN¥- | 70.13% |
Book Value vs Market Value Analysis
This analysis compares Xinjiang Haoyuan 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: 2.11x
- 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 60.40x to 2.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.11 | CN¥6.94 | x |
| 2010-12-31 | CN¥0.31 | CN¥6.94 | x |
| 2011-12-31 | CN¥0.47 | CN¥6.94 | x |
| 2012-12-31 | CN¥2.74 | CN¥6.94 | x |
| 2013-12-31 | CN¥1.55 | CN¥6.94 | x |
| 2014-12-31 | CN¥1.78 | CN¥6.94 | x |
| 2015-12-31 | CN¥1.96 | CN¥6.94 | x |
| 2016-12-31 | CN¥2.13 | CN¥6.94 | x |
| 2017-12-31 | CN¥2.28 | CN¥6.94 | x |
| 2018-12-31 | CN¥2.48 | CN¥6.94 | x |
| 2019-12-31 | CN¥2.55 | CN¥6.94 | x |
| 2020-12-31 | CN¥2.00 | CN¥6.94 | x |
| 2021-12-31 | CN¥1.52 | CN¥6.94 | x |
| 2022-12-31 | CN¥1.70 | CN¥6.94 | x |
| 2023-12-31 | CN¥1.90 | CN¥6.94 | x |
| 2024-12-31 | CN¥3.29 | CN¥6.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xinjiang Haoyuan 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): 7.00%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.28%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.17x
- Recent ROE (7.00%) is below the historical average (9.95%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 37.27% | 28.69% | 0.26x | 4.97x | CN¥13.23 Million |
| 2010 | 31.07% | 25.54% | 0.42x | 2.93x | CN¥20.61 Million |
| 2011 | 32.85% | 26.62% | 0.52x | 2.37x | CN¥33.79 Million |
| 2012 | 11.03% | 27.19% | 0.35x | 1.16x | CN¥6.05 Million |
| 2013 | 12.51% | 29.91% | 0.36x | 1.16x | CN¥16.52 Million |
| 2014 | 14.03% | 30.38% | 0.37x | 1.26x | CN¥30.15 Million |
| 2015 | 13.25% | 26.24% | 0.40x | 1.26x | CN¥27.20 Million |
| 2016 | 8.90% | 23.00% | 0.32x | 1.19x | CN¥-9.86 Million |
| 2017 | 7.88% | 20.78% | 0.32x | 1.17x | CN¥-20.33 Million |
| 2018 | 6.86% | 16.93% | 0.33x | 1.23x | CN¥-31.92 Million |
| 2019 | 6.52% | 13.52% | 0.39x | 1.24x | CN¥-37.40 Million |
| 2020 | -23.79% | -48.00% | 0.39x | 1.28x | CN¥-285.71 Million |
| 2021 | -29.91% | -31.69% | 0.70x | 1.36x | CN¥-250.48 Million |
| 2022 | 11.10% | 13.37% | 0.62x | 1.34x | CN¥7.74 Million |
| 2023 | 12.66% | 14.85% | 0.62x | 1.38x | CN¥20.85 Million |
| 2024 | 7.00% | 13.28% | 0.45x | 1.17x | CN¥-39.98 Million |
Industry Comparison
This section compares Xinjiang Haoyuan Natural Gas 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: $1,902,700,362
- Average return on equity (ROE) among peers: 8.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xinjiang Haoyuan Natural Gas Co Ltd (002700) | CN¥1.37 Billion | 37.27% | 0.15x | $420.06 Million |
| Delong Composite Energy Group Co Ltd (000593) | $284.68 Million | 0.20% | 1.09x | $1.33 Billion |
| Foran Energy Group Co Ltd (002911) | $3.73 Billion | 11.03% | 0.89x | $2.32 Billion |
| Top Resource Conservation Engineering Co Ltd (300332) | $3.67 Billion | 2.46% | 1.27x | $727.92 Million |
| Sichuan Qiaoyuan Gas Co.Ltd (301286) | $1.56 Billion | 7.51% | 0.19x | $2.97 Billion |
| Changchun Gas Co Ltd (600333) | $1.31 Billion | 5.73% | 0.49x | $514.22 Million |
| Shanghai DaZhong Public Utilities Group Co Ltd (600635) | $1.12 Billion | 10.71% | 0.29x | $1.87 Billion |
| Bestsun Energy Co Ltd (600681) | $4.60 Billion | 21.86% | 0.93x | $796.61 Million |
| ENN Ecological Holdings Co Ltd (600803) | $356.30 Million | 1.22% | 1.38x | $9.18 Billion |
| Guizhou Gas Group Corporation Ltd Class A (600903) | $491.32 Million | 12.14% | 2.40x | $1.09 Billion |
About Xinjiang Haoyuan Natural Gas Co Ltd
Xinjiang Wanjing Energy Co., Ltd. engages in the natural gas transmission, distribution, sale, and home installation in China. It owns ng-distance natural gas pipelines and urban high- and medium-pressure municipal pipelines. The company was formerly known as Xinjiang Haoyuan Natural Gas Co., Ltd. and changed its name to Xinjiang Wanjing Energy Co., Ltd. in June 2025. Xinjiang Wanjing Energy Co.,… Read more