Hubei Heyuan Gas Co Ltd (002971) - Net Assets

Latest as of March 2026: CN¥2.11 Billion CNY ≈ $309.23 Million USD

Based on the latest financial reports, Hubei Heyuan Gas Co Ltd (002971) has net assets worth CN¥2.11 Billion CNY (≈ $309.23 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¥6.73 Billion ≈ $984.76 Million USD) and total liabilities (CN¥4.62 Billion ≈ $675.53 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 002971 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥2.11 Billion
% of Total Assets	31.4%
Annual Growth Rate	19.39%
5-Year Change	54.16%
10-Year Change	300.77%
Growth Volatility	23.38

Hubei Heyuan Gas Co Ltd - Net Assets Trend (2015–2025)

This chart illustrates how Hubei Heyuan Gas Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002971 days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Hubei Heyuan Gas Co Ltd (2015–2025)

The table below shows the annual net assets of Hubei Heyuan Gas Co Ltd from 2015 to 2025. For live valuation and market cap data, see 002971 company net worth.

Year	Net Assets	Change
2025-12-31	CN¥1.76 Billion ≈ $258.01 Million	+1.57%
2024-12-31	CN¥1.74 Billion ≈ $254.03 Million	+33.40%
2023-12-31	CN¥1.30 Billion ≈ $190.43 Million	+7.83%
2022-12-31	CN¥1.21 Billion ≈ $176.60 Million	+5.52%
2021-12-31	CN¥1.14 Billion ≈ $167.37 Million	+5.12%
2020-12-31	CN¥1.09 Billion ≈ $159.22 Million	+77.87%
2019-12-31	CN¥611.74 Million ≈ $89.52 Million	+15.89%
2018-12-31	CN¥527.85 Million ≈ $77.24 Million	+16.41%
2017-12-31	CN¥453.45 Million ≈ $66.35 Million	+3.07%
2016-12-31	CN¥439.96 Million ≈ $64.38 Million	+46.90%
2015-12-31	CN¥299.50 Million ≈ $43.83 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 430.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥652.32 Million	41.04%
Other Components	CN¥937.17 Million	58.96%
Total Equity	CN¥1.59 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
Arena Star Group Ltd TA:ARNA	$2.09 Billion
Chambal Fertilizers & Chemicals Limited NSE:CHAMBLFERT	$2.09 Billion
Hubei Yihua Chemical Industry Co Ltd SHE:000422	$2.09 Billion
Sapiens International Corporation NV TA:SPNS	$2.09 Billion
Hamilton Insurance Group, Ltd. NYSE:HG	$2.09 Billion
The Navigator Company SA LS:NVG	$2.09 Billion
Lelon Electronics Corp TW:2472	$2.09 Billion
Driven Brands Holdings Inc NASDAQ:DRVN	$2.09 Billion

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 2024 to 2025, total equity changed from 1,566,262,167 to 1,589,485,531, a change of 23,223,364 (1.5%).
Net income of 60,330,709 contributed positively to equity growth.
Dividend payments of 84,953,881 reduced retained earnings.
Other comprehensive income decreased equity by 8,522,565.
Other factors increased equity by 56,369,101.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥60.33 Million	+3.8%
Dividends Paid	CN¥84.95 Million	-5.34%
Other Comprehensive Income	CN¥-8.52 Million	-0.54%
Other Changes	CN¥56.37 Million	+3.55%
Total Change	CN¥-	1.48%

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: 8.98x
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 22.54x to 8.98x 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¥67.38	x
2016-12-31	CN¥3.97	CN¥67.38	x
2017-12-31	CN¥3.73	CN¥67.38	x
2018-12-31	CN¥4.41	CN¥67.38	x
2019-12-31	CN¥3.82	CN¥67.38	x
2020-12-31	CN¥6.80	CN¥67.38	x
2021-12-31	CN¥7.15	CN¥67.38	x
2022-12-31	CN¥7.52	CN¥67.38	x
2023-12-31	CN¥6.17	CN¥67.38	x
2024-12-31	CN¥7.49	CN¥67.38	x
2025-12-31	CN¥7.51	CN¥67.38	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): 3.80%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.63%
• Asset Turnover: 0.26x
• Equity Multiplier: 4.00x
Recent ROE (3.80%) is below the historical average (8.28%), 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
2025	3.80%	3.63%	0.26x	4.00x	CN¥-98.62 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: $814,039,775
Average return on equity (ROE) among peers: 11.86%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Hubei Heyuan Gas Co Ltd (002971)	CN¥2.11 Billion	6.69%	2.18x	$2.09 Billion
North Huajin Chemical Industries Co Ltd (000059)	$1.66 Billion	14.45%	1.50x	$940.88 Million
Sichuan Chemical Co Ltd (000155)	$452.40 Million	20.36%	1.97x	$3.48 Billion
Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301)	$2.56 Billion	4.43%	0.36x	$11.21 Billion
Zangge Holding Co Ltd (000408)	$500.14 Million	2.06%	0.92x	$17.56 Billion
Sichuan Jinlu Group Co Ltd (000510)	$1.17 Billion	5.97%	1.33x	$2.10 Billion
Jilin Gpro Titanium Industry Co Ltd (000545)	$152.09 Million	4.78%	1.62x	$348.02 Million
Aoyuan Beauty Valley Technology Co Ltd (000615)	$560.43 Million	4.68%	0.78x	$891.94 Million
Ningxia Younglight Chemicals Co Ltd (000635)	$342.74 Million	13.58%	2.48x	$376.61 Million
Maoming Petro-Chemical Shihua Co Ltd (000637)	$702.67 Million	17.21%	0.08x	$286.04 Million
Inner Mongolia Yuan Xing Energy Co Ltd (000683)	$35.88 Million	31.04%	3.02x	$3.42 Billion

About Hubei Heyuan Gas Co Ltd

SHE:002971 China Chemicals

Market Cap

$2.09 Billion

CN¥14.27 Billion CNY

Market Cap Rank

#6173 Global

#1291 in China

Share Price

CN¥67.38

Change (1 day)

+10.01%

52-Week Range

CN¥20.78 - CN¥67.38

All Time High

CN¥67.38