Changchun Gas Co Ltd (600333) - Net Assets
Based on the latest financial reports, Changchun Gas Co Ltd (600333) has net assets worth CN¥1.92 Billion CNY (≈ $281.07 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¥6.64 Billion ≈ $971.28 Million USD) and total liabilities (CN¥4.72 Billion ≈ $690.21 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 Changchun Gas Co Ltd (600333) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.92 Billion |
| % of Total Assets | 28.94% |
| Annual Growth Rate | 7.54% |
| 5-Year Change | -8.4% |
| 10-Year Change | 23.68% |
| Growth Volatility | 27.35 |
Changchun Gas Co Ltd - Net Assets Trend (1997–2024)
This chart illustrates how Changchun Gas Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Changchun Gas Co Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for Changchun Gas Co Ltd (1997–2024)
The table below shows the annual net assets of Changchun Gas Co Ltd from 1997 to 2024. For live valuation and market cap data, see Changchun Gas Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.98 Billion ≈ $289.57 Million |
-0.72% |
| 2023-12-31 | CN¥1.99 Billion ≈ $291.67 Million |
-3.23% |
| 2022-12-31 | CN¥2.06 Billion ≈ $301.40 Million |
-4.49% |
| 2021-12-31 | CN¥2.16 Billion ≈ $315.56 Million |
-0.18% |
| 2020-12-31 | CN¥2.16 Billion ≈ $316.13 Million |
+1.22% |
| 2019-12-31 | CN¥2.13 Billion ≈ $312.31 Million |
+0.84% |
| 2018-12-31 | CN¥2.12 Billion ≈ $309.71 Million |
-3.18% |
| 2017-12-31 | CN¥2.19 Billion ≈ $319.88 Million |
+33.83% |
| 2016-12-31 | CN¥1.63 Billion ≈ $239.02 Million |
+2.09% |
| 2015-12-31 | CN¥1.60 Billion ≈ $234.13 Million |
-17.16% |
| 2014-12-31 | CN¥1.93 Billion ≈ $282.61 Million |
+0.15% |
| 2013-12-31 | CN¥1.93 Billion ≈ $282.20 Million |
+35.58% |
| 2012-12-31 | CN¥1.42 Billion ≈ $208.15 Million |
+0.26% |
| 2011-12-31 | CN¥1.42 Billion ≈ $207.61 Million |
+1.98% |
| 2010-12-31 | CN¥1.39 Billion ≈ $203.59 Million |
+6.41% |
| 2009-12-31 | CN¥1.31 Billion ≈ $191.32 Million |
+6.19% |
| 2008-12-31 | CN¥1.23 Billion ≈ $180.17 Million |
+3.88% |
| 2007-12-31 | CN¥1.19 Billion ≈ $173.45 Million |
+5.58% |
| 2006-12-31 | CN¥1.12 Billion ≈ $164.29 Million |
+2.02% |
| 2005-12-31 | CN¥1.10 Billion ≈ $161.04 Million |
+0.32% |
| 2004-12-31 | CN¥1.10 Billion ≈ $160.52 Million |
+16.58% |
| 2003-12-31 | CN¥940.96 Million ≈ $137.69 Million |
+18.81% |
| 2002-12-31 | CN¥792.01 Million ≈ $115.90 Million |
+7.69% |
| 2001-12-31 | CN¥735.47 Million ≈ $107.62 Million |
+12.80% |
| 2000-12-31 | CN¥652.01 Million ≈ $95.41 Million |
+136.86% |
| 1999-12-31 | CN¥275.27 Million ≈ $40.28 Million |
+13.20% |
| 1998-12-31 | CN¥243.18 Million ≈ $35.58 Million |
-12.44% |
| 1997-12-31 | CN¥277.71 Million ≈ $40.64 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Changchun 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 1725.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥139.75 Million | 7.24% |
| Common Stock | CN¥609.03 Million | 31.56% |
| Other Components | CN¥1.18 Billion | 61.20% |
| Total Equity | CN¥1.93 Billion | 100.00% |
Changchun Gas Co Ltd Competitors by Market Cap
The table below lists competitors of Changchun Gas Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kenda Rubber Industrial Co Ltd
TW:2106
|
$514.44 Million |
|
Nanjing University Environmental
SHE:300864
|
$514.60 Million |
|
China Chippacking Technology Co. Ltd. A
SHG:688216
|
$514.63 Million |
|
Hunan Hansen Pharmaceutical Co Ltd
SHE:002412
|
$514.70 Million |
|
Cineplex Inc.
TO:CGX
|
$514.20 Million |
|
United States Cellular Corporation
NYSE:USM
|
$514.05 Million |
|
Wuxi Commercial Mansion Grand Orient Co Ltd
SHG:600327
|
$514.00 Million |
|
Vaalco Energy Inc
NYSE:EGY
|
$513.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Changchun Gas Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,949,257,149 to 1,929,737,967, a change of -19,519,182 (-1.0%).
- Net loss of 33,156,768 reduced equity.
- Dividend payments of 87,135,342 reduced retained earnings.
- Other factors increased equity by 100,772,928.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-33.16 Million | -1.72% |
| Dividends Paid | CN¥87.14 Million | -4.52% |
| Other Changes | CN¥100.77 Million | +5.22% |
| Total Change | CN¥- | -1.00% |
Book Value vs Market Value Analysis
This analysis compares Changchun 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: 1.98x
- 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 9.49x to 1.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | CN¥0.61 | CN¥5.77 | x |
| 1998-12-31 | CN¥0.53 | CN¥5.77 | x |
| 1999-12-31 | CN¥0.60 | CN¥5.77 | x |
| 2000-12-31 | CN¥1.43 | CN¥5.77 | x |
| 2001-12-31 | CN¥1.58 | CN¥5.77 | x |
| 2002-12-31 | CN¥1.70 | CN¥5.77 | x |
| 2003-12-31 | CN¥2.03 | CN¥5.77 | x |
| 2004-12-31 | CN¥2.37 | CN¥5.77 | x |
| 2005-12-31 | CN¥2.38 | CN¥5.77 | x |
| 2006-12-31 | CN¥2.43 | CN¥5.77 | x |
| 2007-12-31 | CN¥2.58 | CN¥5.77 | x |
| 2008-12-31 | CN¥2.55 | CN¥5.77 | x |
| 2009-12-31 | CN¥2.73 | CN¥5.77 | x |
| 2010-12-31 | CN¥2.94 | CN¥5.77 | x |
| 2011-12-31 | CN¥3.09 | CN¥5.77 | x |
| 2012-12-31 | CN¥2.70 | CN¥5.77 | x |
| 2013-12-31 | CN¥3.47 | CN¥5.77 | x |
| 2014-12-31 | CN¥3.79 | CN¥5.77 | x |
| 2015-12-31 | CN¥2.98 | CN¥5.77 | x |
| 2016-12-31 | CN¥3.08 | CN¥5.77 | x |
| 2017-12-31 | CN¥3.86 | CN¥5.77 | x |
| 2018-12-31 | CN¥3.28 | CN¥5.77 | x |
| 2019-12-31 | CN¥4.39 | CN¥5.77 | x |
| 2020-12-31 | CN¥3.88 | CN¥5.77 | x |
| 2021-12-31 | CN¥3.46 | CN¥5.77 | x |
| 2022-12-31 | CN¥3.27 | CN¥5.77 | x |
| 2023-12-31 | CN¥3.17 | CN¥5.77 | x |
| 2024-12-31 | CN¥2.91 | CN¥5.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Changchun 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): -1.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.44%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 3.58x
- Recent ROE (-1.72%) is below the historical average (3.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 0.53% | 1.62% | 0.24x | 1.35x | CN¥-26.29 Million |
| 1998 | 7.90% | 12.83% | 0.27x | 2.24x | CN¥-5.11 Million |
| 1999 | 11.66% | 11.75% | 0.58x | 1.72x | CN¥4.57 Million |
| 2000 | 6.68% | 15.62% | 0.33x | 1.29x | CN¥-21.64 Million |
| 2001 | 11.58% | 20.57% | 0.39x | 1.46x | CN¥11.42 Million |
| 2002 | 11.58% | 20.14% | 0.39x | 1.48x | CN¥12.29 Million |
| 2003 | 15.76% | 18.93% | 0.56x | 1.48x | CN¥53.50 Million |
| 2004 | 19.70% | 19.32% | 0.73x | 1.40x | CN¥105.01 Million |
| 2005 | 5.99% | 5.13% | 0.77x | 1.53x | CN¥-43.57 Million |
| 2006 | 5.96% | 5.87% | 0.72x | 1.41x | CN¥-44.86 Million |
| 2007 | 6.99% | 6.16% | 0.74x | 1.54x | CN¥-34.93 Million |
| 2008 | 7.44% | 4.85% | 0.98x | 1.56x | CN¥-30.79 Million |
| 2009 | 5.86% | 4.60% | 0.84x | 1.52x | CN¥-52.83 Million |
| 2010 | 6.12% | 4.67% | 0.76x | 1.73x | CN¥-52.82 Million |
| 2011 | 5.18% | 3.97% | 0.70x | 1.87x | CN¥-66.85 Million |
| 2012 | 0.74% | 0.60% | 0.59x | 2.10x | CN¥-129.44 Million |
| 2013 | 2.02% | 2.18% | 0.47x | 1.98x | CN¥-151.11 Million |
| 2014 | 1.06% | 1.22% | 0.37x | 2.31x | CN¥-169.90 Million |
| 2015 | -20.77% | -21.60% | 0.32x | 3.02x | CN¥-484.41 Million |
| 2016 | 3.89% | 4.82% | 0.25x | 3.18x | CN¥-98.39 Million |
| 2017 | 2.59% | 3.86% | 0.27x | 2.48x | CN¥-161.37 Million |
| 2018 | -3.35% | -4.46% | 0.28x | 2.70x | CN¥-278.73 Million |
| 2019 | 0.46% | 0.55% | 0.31x | 2.65x | CN¥-200.86 Million |
| 2020 | 0.77% | 1.05% | 0.28x | 2.64x | CN¥-195.99 Million |
| 2021 | 1.16% | 1.36% | 0.31x | 2.73x | CN¥-187.07 Million |
| 2022 | -4.89% | -5.20% | 0.31x | 3.00x | CN¥-300.48 Million |
| 2023 | -3.47% | -2.93% | 0.34x | 3.53x | CN¥-262.65 Million |
| 2024 | -1.72% | -1.44% | 0.33x | 3.58x | CN¥-226.13 Million |
Industry Comparison
This section compares Changchun 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: $2,544,197,725
- Average return on equity (ROE) among peers: 11.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Changchun Gas Co Ltd (600333) | CN¥1.92 Billion | 0.53% | 2.46x | $514.22 Million |
| Delong Composite Energy Group Co Ltd (000593) | $311.07 Million | 3.92% | 0.75x | $1.33 Billion |
| Xinjiang Haoyuan Natural Gas Co Ltd (002700) | $850.29 Million | 13.04% | 0.24x | $420.06 Million |
| Foran Energy Group Co Ltd (002911) | $3.09 Billion | 11.73% | 0.77x | $2.32 Billion |
| Top Resource Conservation Engineering Co Ltd (300332) | $4.17 Billion | 8.77% | 1.23x | $727.92 Million |
| Sichuan Qiaoyuan Gas Co.Ltd (301286) | $636.42 Million | 36.77% | 0.52x | $2.97 Billion |
| Shanghai DaZhong Public Utilities Group Co Ltd (600635) | $8.58 Billion | 5.58% | 1.52x | $1.87 Billion |
| Bestsun Energy Co Ltd (600681) | $-565.00 Million | 0.00% | 0.00x | $796.61 Million |
| ENN Ecological Holdings Co Ltd (600803) | $5.26 Billion | 9.86% | 2.49x | $9.18 Billion |
| Guizhou Gas Group Corporation Ltd Class A (600903) | $562.58 Million | 11.48% | 3.21x | $1.09 Billion |
About Changchun Gas Co Ltd
Changchun Gas Co,.Ltd produces and sells of natural gas in China. The company offers coal, coke, coal tar, and natural gas products. It is also involved in the power project development, gas management, production and sales of fuel appliances, supply of liquefied gas, coal tar deep processing, gas engineering installation, and engineering material sale activities. In addition, the company produce… Read more