Top Resource Conservation Engineering Co Ltd Net Assets
Top Resource Conservation Engineering Co Ltd net assets. Based on the latest financial reports, Top Resource Conservation Engineering Co Ltd (300332) has net assets worth CN¥4.16 Billion CNY (≈ $609.25 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥7.54 Billion ≈ $1.10 Billion USD) and total liabilities (CN¥3.38 Billion ≈ $494.27 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. Also explore 300332 shareholders equity momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.16 Billion |
| % of Total Assets | 55.21% |
| Annual Growth Rate | 20.73% |
| 5-Year Change | 10.7% |
| 10-Year Change | 16.8% |
| Growth Volatility | 43.32 |
Net Assets of Top Resource Conservation Engineering Co Ltd (2009–2025)
Net assets of Top Resource Conservation Engineering Co Ltd from 2009 to 2025. This chart illustrates how Top Resource Conservation Engineering Co Ltd's net assets have evolved over time, based on quarterly financial data. See how leveraged is Top Resource Conservation Engineering Co's balance sheet to measure how much of total assets are equity-financed.
Annual Net Assets for Top Resource Conservation Engineering Co Ltd (2009–2025)
The table below shows the annual net assets of Top Resource Conservation Engineering Co Ltd from 2009 to 2025. For live market cap and overall valuation, see Top Resource Conservation Engineering Co stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥4.17 Billion ≈ $610.40 Million |
-6.02% |
| 2024-12-31 | CN¥4.44 Billion ≈ $649.52 Million |
+0.42% |
| 2023-12-31 | CN¥4.42 Billion ≈ $646.83 Million |
+5.93% |
| 2022-12-31 | CN¥4.17 Billion ≈ $610.64 Million |
+10.75% |
| 2021-12-31 | CN¥3.77 Billion ≈ $551.39 Million |
+3.32% |
| 2020-12-31 | CN¥3.65 Billion ≈ $533.67 Million |
+3.14% |
| 2019-12-31 | CN¥3.54 Billion ≈ $517.43 Million |
-1.70% |
| 2018-12-31 | CN¥3.60 Billion ≈ $526.41 Million |
-1.99% |
| 2017-12-31 | CN¥3.67 Billion ≈ $537.09 Million |
+2.77% |
| 2016-12-31 | CN¥3.57 Billion ≈ $522.61 Million |
+51.51% |
| 2015-12-31 | CN¥2.36 Billion ≈ $344.93 Million |
+69.34% |
| 2014-12-31 | CN¥1.39 Billion ≈ $203.69 Million |
+8.62% |
| 2013-12-31 | CN¥1.28 Billion ≈ $187.52 Million |
+9.97% |
| 2012-12-31 | CN¥1.17 Billion ≈ $170.52 Million |
+150.53% |
| 2011-12-31 | CN¥465.13 Million ≈ $68.06 Million |
+12.38% |
| 2010-12-31 | CN¥413.88 Million ≈ $60.56 Million |
+102.18% |
| 2009-12-31 | CN¥204.71 Million ≈ $29.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Top Resource Conservation Engineering 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 25739.9% over the analyzed period, indicating profitable operations and earnings retention.
Top Resource Conservation Engineering Co Ltd Net Assets Breakdown (December 2025)
Top Resource Conservation Engineering Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.11 Billion | 28.08% |
| Other Components | CN¥2.83 Billion | 71.92% |
| Total Equity | CN¥3.93 Billion | 100.00% |
Top Resource Conservation Engineering Co Ltd Competitors by Market Cap
The table below lists competitors of Top Resource Conservation Engineering Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ho Tung Chemical Corp
TW:1714
|
$539.70 Million |
|
Haesung DS Co Ltd
KO:195870
|
$539.74 Million |
|
Jinhua Chunguang Technology Co Ltd
SHG:603657
|
$540.06 Million |
|
Holike
SHG:603898
|
$540.34 Million |
|
Bright Minds Biosciences Inc
NASDAQ:DRUG
|
$539.47 Million |
|
Pum-Tech Korea Co. Ltd
KQ:251970
|
$539.42 Million |
|
ATCO Ltd.
TO:ACO-Y
|
$539.28 Million |
|
Unionman Technology Co. Ltd. A
SHG:688609
|
$539.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Top Resource Conservation Engineering Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,216,495,653 to 3,934,971,298, a change of -281,524,355 (-6.7%).
- Net loss of 280,290,447 reduced equity.
- Dividend payments of 34,755,234 reduced retained earnings.
- Other comprehensive income decreased equity by 211,732,385.
- Other factors increased equity by 245,253,711.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-280.29 Million | -7.12% |
| Dividends Paid | CN¥34.76 Million | -0.88% |
| Other Comprehensive Income | CN¥-211.73 Million | -5.38% |
| Other Changes | CN¥245.25 Million | +6.23% |
| Total Change | CN¥- | -6.68% |
Book Value vs Market Value Analysis
This analysis compares Top Resource Conservation Engineering 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: 0.96x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 5.93x to 0.96x 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¥0.73 | CN¥4.35 | x |
| 2010-12-31 | CN¥0.97 | CN¥4.35 | x |
| 2011-12-31 | CN¥0.94 | CN¥4.35 | x |
| 2012-12-31 | CN¥2.08 | CN¥4.35 | x |
| 2013-12-31 | CN¥1.96 | CN¥4.35 | x |
| 2014-12-31 | CN¥2.12 | CN¥4.35 | x |
| 2015-12-31 | CN¥3.21 | CN¥4.35 | x |
| 2016-12-31 | CN¥4.56 | CN¥4.35 | x |
| 2017-12-31 | CN¥3.87 | CN¥4.35 | x |
| 2018-12-31 | CN¥4.11 | CN¥4.35 | x |
| 2019-12-31 | CN¥3.60 | CN¥4.35 | x |
| 2020-12-31 | CN¥3.80 | CN¥4.35 | x |
| 2021-12-31 | CN¥4.28 | CN¥4.35 | x |
| 2022-12-31 | CN¥4.61 | CN¥4.35 | x |
| 2023-12-31 | CN¥4.91 | CN¥4.35 | x |
| 2024-12-31 | CN¥5.07 | CN¥4.35 | x |
| 2025-12-31 | CN¥4.55 | CN¥4.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Top Resource Conservation Engineering 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): -7.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.91%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 2.04x
- Recent ROE (-7.12%) is below the historical average (4.89%), 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 | 5.45% | 22.45% | 0.14x | 1.79x | CN¥-9.24 Million |
| 2010 | 7.20% | 33.01% | 0.13x | 1.71x | CN¥-11.53 Million |
| 2011 | 11.11% | 28.16% | 0.17x | 2.26x | CN¥5.16 Million |
| 2012 | 7.77% | 35.16% | 0.17x | 1.33x | CN¥-25.93 Million |
| 2013 | 9.20% | 35.65% | 0.20x | 1.31x | CN¥-10.06 Million |
| 2014 | 10.14% | 31.28% | 0.19x | 1.72x | CN¥1.98 Million |
| 2015 | 6.22% | 14.73% | 0.23x | 1.83x | CN¥-85.21 Million |
| 2016 | 1.75% | 3.46% | 0.22x | 2.28x | CN¥-274.37 Million |
| 2017 | 2.59% | 4.55% | 0.24x | 2.40x | CN¥-258.37 Million |
| 2018 | 2.43% | 4.28% | 0.24x | 2.35x | CN¥-262.22 Million |
| 2019 | 1.39% | 2.61% | 0.23x | 2.31x | CN¥-292.85 Million |
| 2020 | 1.58% | 3.30% | 0.20x | 2.40x | CN¥-297.73 Million |
| 2021 | 5.61% | 9.94% | 0.25x | 2.28x | CN¥-159.40 Million |
| 2022 | 9.12% | 9.52% | 0.41x | 2.32x | CN¥-35.37 Million |
| 2023 | 5.71% | 5.31% | 0.50x | 2.17x | CN¥-180.53 Million |
| 2024 | 2.96% | 3.25% | 0.47x | 1.96x | CN¥-296.84 Million |
| 2025 | -7.12% | -10.91% | 0.32x | 2.04x | CN¥-673.79 Million |
Industry Comparison
This section compares Top Resource Conservation Engineering 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: $2,042,409,732
- Average return on equity (ROE) among peers: 10.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Top Resource Conservation Engineering Co Ltd (300332) | CN¥4.16 Billion | 5.45% | 0.81x | $539.60 Million |
| Delong Composite Energy Group Co Ltd (000593) | $276.91 Million | 25.73% | 1.08x | $847.01 Million |
| Xinjiang Haoyuan Natural Gas Co Ltd (002700) | $850.29 Million | 13.04% | 0.24x | $322.00 Million |
| Foran Energy Group Co Ltd (002911) | $7.40 Billion | 11.41% | 1.37x | $2.15 Billion |
| Sichuan Qiaoyuan Gas Co.Ltd (301286) | $815.78 Million | 22.13% | 0.83x | $2.62 Billion |
| Changchun Gas Co Ltd (600333) | $1.23 Billion | 7.27% | 0.52x | $488.38 Million |
| Shanghai DaZhong Public Utilities Group Co Ltd (600635) | $6.84 Billion | 6.75% | 1.12x | $1.41 Billion |
| Bestsun Energy Co Ltd (600681) | $332.26 Million | -15.38% | 1.51x | $661.23 Million |
| ENN Ecological Holdings Co Ltd (600803) | $213.73 Million | 10.52% | 0.71x | $9.39 Billion |
| Guizhou Gas Group Corporation Ltd Class A (600903) | $426.16 Million | 15.47% | 2.22x | $965.76 Million |
About Top Resource Conservation Engineering Co Ltd
Top Resource Energy Co., Ltd., together with its subsidiaries, engages in the gas business in China and internationally. It operates through three segments: Gas; Energy Conservation and Environmental Protection; and Membrane Products. The company is involved in natural gas trade and sale, long-distance pipeline transportation, urban gas transmission and distribution, and gas engineering design an… Read more