Sichuan Qiaoyuan Gas Co.Ltd (301286) - Net Assets
Based on the latest financial reports, Sichuan Qiaoyuan Gas Co.Ltd (301286) has net assets worth CN¥2.03 Billion CNY (≈ $296.48 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¥2.23 Billion ≈ $325.72 Million USD) and total liabilities (CN¥199.82 Million ≈ $29.24 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 Sichuan Qiaoyuan Gas Co.Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.03 Billion |
| % of Total Assets | 91.02% |
| Annual Growth Rate | 17.39% |
| 5-Year Change | 140.72% |
| 10-Year Change | N/A |
| Growth Volatility | 33.91 |
Sichuan Qiaoyuan Gas Co.Ltd - Net Assets Trend (2019–2025)
This chart illustrates how Sichuan Qiaoyuan Gas Co.Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Sichuan Qiaoyuan Gas Co.Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Sichuan Qiaoyuan Gas Co.Ltd (2019–2025)
The table below shows the annual net assets of Sichuan Qiaoyuan Gas Co.Ltd from 2019 to 2025. For live valuation and market cap data, see Sichuan Qiaoyuan Gas Co.Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.96 Billion ≈ $287.36 Million |
+12.02% |
| 2024-12-31 | CN¥1.75 Billion ≈ $256.53 Million |
+1.79% |
| 2023-12-31 | CN¥1.72 Billion ≈ $252.01 Million |
+10.22% |
| 2022-12-31 | CN¥1.56 Billion ≈ $228.64 Million |
+91.53% |
| 2021-12-31 | CN¥815.78 Million ≈ $119.37 Million |
+28.18% |
| 2020-12-31 | CN¥636.42 Million ≈ $93.13 Million |
-15.18% |
| 2019-12-31 | CN¥750.31 Million ≈ $109.79 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Sichuan Qiaoyuan 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 74.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥931.38 Million | 47.43% |
| Other Components | CN¥1.03 Billion | 52.57% |
| Total Equity | CN¥1.96 Billion | 100.00% |
Sichuan Qiaoyuan Gas Co.Ltd Competitors by Market Cap
The table below lists competitors of Sichuan Qiaoyuan Gas Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
H&E Equipment Services Inc
NASDAQ:HEES
|
$3.47 Billion |
|
Juneyao Airlines
SHG:603885
|
$3.47 Billion |
|
Renasant Corporation
NYSE:RNST
|
$3.47 Billion |
|
Ardentec
TWO:3264
|
$3.47 Billion |
|
Angel One Limited
NSE:ANGELONE
|
$3.47 Billion |
|
Offshore Oil Engineering Co Ltd
SHG:600583
|
$3.47 Billion |
|
Alm. Brand
CO:ALMB
|
$3.47 Billion |
|
H B Fuller Company
NYSE:FUL
|
$3.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sichuan Qiaoyuan Gas Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,753,088,860 to 1,963,753,256, a change of 210,664,396 (12.0%).
- Net income of 232,397,326 contributed positively to equity growth.
- Dividend payments of 33,229,454 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥232.40 Million | +11.83% |
| Dividends Paid | CN¥33.23 Million | -1.69% |
| Other Changes | CN¥11.50 Million | +0.59% |
| Total Change | CN¥- | 12.02% |
Book Value vs Market Value Analysis
This analysis compares Sichuan Qiaoyuan 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: 12.07x
- 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 increased from 7.11x to 12.07x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥8.34 | CN¥59.25 | x |
| 2020-12-31 | CN¥1.77 | CN¥59.25 | x |
| 2021-12-31 | CN¥2.27 | CN¥59.25 | x |
| 2022-12-31 | CN¥3.91 | CN¥59.25 | x |
| 2023-12-31 | CN¥4.30 | CN¥59.25 | x |
| 2024-12-31 | CN¥4.38 | CN¥59.25 | x |
| 2025-12-31 | CN¥4.91 | CN¥59.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sichuan Qiaoyuan 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): 11.83%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.57%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.07x
- Recent ROE (11.83%) is below the historical average (19.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 34.92% | 33.62% | 0.78x | 1.33x | CN¥186.98 Million |
| 2020 | 36.77% | 31.92% | 0.76x | 1.52x | CN¥170.39 Million |
| 2021 | 22.13% | 21.68% | 0.56x | 1.83x | CN¥98.95 Million |
| 2022 | 7.51% | 12.78% | 0.49x | 1.19x | CN¥-38.89 Million |
| 2023 | 11.77% | 19.84% | 0.51x | 1.16x | CN¥30.53 Million |
| 2024 | 8.51% | 14.57% | 0.51x | 1.14x | CN¥-26.14 Million |
| 2025 | 11.83% | 21.57% | 0.51x | 1.07x | CN¥36.02 Million |
Industry Comparison
This section compares Sichuan Qiaoyuan 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: $1,501,424,043
- Average return on equity (ROE) among peers: 3.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sichuan Qiaoyuan Gas Co.Ltd (301286) | CN¥2.03 Billion | 34.92% | 0.10x | $3.47 Billion |
| Delong Composite Energy Group Co Ltd (000593) | $926.58 Million | -20.03% | 0.76x | $1.32 Billion |
| Xinjiang Haoyuan Natural Gas Co Ltd (002700) | $887.56 Million | -22.66% | 0.22x | $543.53 Million |
| Foran Energy Group Co Ltd (002911) | $507.54 Million | 22.37% | 1.61x | $1.94 Billion |
| Top Resource Conservation Engineering Co Ltd (300332) | $1.17 Billion | 7.77% | 0.33x | $534.63 Million |
| Changchun Gas Co Ltd (600333) | $940.96 Million | 15.56% | 0.46x | $479.47 Million |
| Shanghai DaZhong Public Utilities Group Co Ltd (600635) | $4.50 Billion | 9.30% | 1.20x | $1.63 Billion |
| Bestsun Energy Co Ltd (600681) | $3.70 Billion | 6.40% | 1.14x | $653.38 Million |
| ENN Ecological Holdings Co Ltd (600803) | $153.29 Million | 7.04% | 0.22x | $7.38 Billion |
| Guizhou Gas Group Corporation Ltd Class A (600903) | $725.37 Million | 4.77% | 5.29x | $1.34 Billion |
About Sichuan Qiaoyuan Gas Co.Ltd
Sichuan Qiaoyuan Gas Co.,Ltd. researches and develops, produces, sells, and services of high-purity gases in China. The company offers oxygen, nitrogen, argon gas, medical oxygen, food nitrogen, industrial oxygen, carbon dioxide, hydrogen, various electronic gases, and mixed gases, etc. It also involved in production and operation of hazardous chemicals, production of food additives, production, … Read more