Hubei Heyuan Gas Co Ltd
Hubei Heyuan Gas Co.,Ltd. engages in the research and development, production, and sale of gas products in China. The company is also involved in recovery and recycling of industrial exhaust gas. Further, it offers hydropower energy, metal silicon, hydrochloric acid, industrial exhaust gas, machinery and equipment, transport vehicles. Its products include medical oxygen, industrial oxygen, food a… Read more
Hubei Heyuan Gas Co Ltd (002971) - Net Assets
Latest net assets as of September 2025: CN¥1.77 Billion CNY
Based on the latest financial reports, Hubei Heyuan Gas Co Ltd (002971) has net assets worth CN¥1.77 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¥5.88 Billion) and total liabilities (CN¥4.12 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¥1.77 Billion |
| % of Total Assets | 30.03% |
| Annual Growth Rate | 21.56% |
| 5-Year Change | 59.54% |
| 10-Year Change | N/A |
| Growth Volatility | 23.65 |
Hubei Heyuan Gas Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Hubei Heyuan Gas 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 Hubei Heyuan Gas Co Ltd (2015–2024)
The table below shows the annual net assets of Hubei Heyuan Gas Co Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.74 Billion | +33.40% |
| 2023-12-31 | CN¥1.30 Billion | +7.83% |
| 2022-12-31 | CN¥1.21 Billion | +5.52% |
| 2021-12-31 | CN¥1.14 Billion | +5.12% |
| 2020-12-31 | CN¥1.09 Billion | +77.87% |
| 2019-12-31 | CN¥611.74 Million | +15.89% |
| 2018-12-31 | CN¥527.85 Million | +16.41% |
| 2017-12-31 | CN¥453.45 Million | +3.07% |
| 2016-12-31 | CN¥439.96 Million | +46.90% |
| 2015-12-31 | CN¥299.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hubei Heyuan 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 420.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥639.77 Million | 40.85% |
| Common Stock | CN¥211.24 Million | 13.49% |
| Other Comprehensive Income | CN¥8.52 Million | 0.54% |
| Other Components | CN¥706.74 Million | 45.12% |
| Total Equity | CN¥1.57 Billion | 100.00% |
Hubei Heyuan Gas Co Ltd Competitors by Market Cap
The table below lists competitors of Hubei Heyuan Gas Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zephyrus Wing Energies Ltd
TA:ZPRS
|
$572.20 Million |
|
Star Micronics Co., Ltd.
F:2ZN
|
$572.39 Million |
|
Beijing Jiaxun Feihong Electrical Co Ltd
SHE:300213
|
$572.42 Million |
|
Jiangsu SOPO Chemical Co Ltd
SHG:600746
|
$572.71 Million |
|
Cascades Inc
PINK:CADNF
|
$571.95 Million |
|
Oppenheimer Holdings Inc
NYSE:OPY
|
$571.90 Million |
|
INTRAKT S.A. E0 030
F:Z8M
|
$571.86 Million |
|
WEB Travel Group Ltd
AU:WEB
|
$571.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hubei Heyuan Gas Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,292,318,847 to 1,566,262,167, a change of 273,943,320 (21.2%).
- Net income of 73,172,125 contributed positively to equity growth.
- Dividend payments of 48,712,161 reduced retained earnings.
- Other comprehensive income decreased equity by 803,756.
- Other factors increased equity by 250,287,112.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥73.17 Million | +4.67% |
| Dividends Paid | CN¥48.71 Million | -3.11% |
| Other Comprehensive Income | CN¥-803.76K | -0.05% |
| Other Changes | CN¥250.29 Million | +15.98% |
| Total Change | CN¥- | 21.20% |
Book Value vs Market Value Analysis
This analysis compares Hubei Heyuan 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: 4.12x
- 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 10.33x to 4.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | CN¥2.99 | CN¥30.90 | x |
| 2016-12-31 | CN¥3.97 | CN¥30.90 | x |
| 2017-12-31 | CN¥3.73 | CN¥30.90 | x |
| 2018-12-31 | CN¥4.41 | CN¥30.90 | x |
| 2019-12-31 | CN¥3.82 | CN¥30.90 | x |
| 2020-12-31 | CN¥6.80 | CN¥30.90 | x |
| 2021-12-31 | CN¥7.15 | CN¥30.90 | x |
| 2022-12-31 | CN¥7.52 | CN¥30.90 | x |
| 2023-12-31 | CN¥6.17 | CN¥30.90 | x |
| 2024-12-31 | CN¥7.49 | CN¥30.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hubei Heyuan 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): 4.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.77%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 3.65x
- Recent ROE (4.67%) is below the historical average (8.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 6.69% | 6.60% | 0.42x | 2.41x | CN¥-9.92 Million |
| 2016 | 9.32% | 10.10% | 0.50x | 1.86x | CN¥-3.00 Million |
| 2017 | 9.92% | 7.82% | 0.65x | 1.96x | CN¥-381.51K |
| 2018 | 14.28% | 12.06% | 0.61x | 1.95x | CN¥22.57 Million |
| 2019 | 13.82% | 12.70% | 0.54x | 2.00x | CN¥23.35 Million |
| 2020 | 8.00% | 10.57% | 0.45x | 1.68x | CN¥-21.71 Million |
| 2021 | 7.89% | 9.10% | 0.43x | 2.04x | CN¥-24.15 Million |
| 2022 | 6.18% | 5.63% | 0.45x | 2.44x | CN¥-45.93 Million |
| 2023 | 6.48% | 5.06% | 0.41x | 3.15x | CN¥-45.46 Million |
| 2024 | 4.67% | 4.77% | 0.27x | 3.65x | CN¥-83.45 Million |
Industry Comparison
This section compares Hubei Heyuan Gas Co Ltd's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $3,426,439,570
- Average return on equity (ROE) among peers: 7.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hubei Heyuan Gas Co Ltd (002971) | CN¥1.77 Billion | 6.69% | 2.33x | $572.01 Million |
| North Huajin Chemical Industries Co Ltd (000059) | $14.88 Billion | 6.33% | 1.16x | $685.81 Million |
| Sichuan Chemical Co Ltd (000155) | $10.05 Billion | 7.93% | 1.17x | $2.22 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $2.47 Billion | 6.91% | 0.55x | $2.91 Billion |
| Zangge Holding Co Ltd (000408) | $477.67 Million | 1.53% | 1.45x | $11.89 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $754.79 Million | 9.90% | 0.56x | $1.16 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $308.01 Million | 5.65% | 0.37x | $437.84 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $560.43 Million | 4.68% | 0.78x | $227.24 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $2.77 Billion | 1.89% | 0.12x | $300.74 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $1.17 Billion | 7.04% | 1.48x | $190.70 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $826.34 Million | 20.99% | 1.92x | $3.00 Billion |