Offshore Oil Engineering Co Ltd
Offshore Oil Engineering Co.,Ltd engages in the design, procurement, construction, offshore installation, commissioning and maintenance of offshore oil and gas development projects in China and internationally. It engages in the general contracting; design of oil and gas, and construction projects; planning and evaluation consulting of oil and gas projects; construction of various types of offsho… Read more
Offshore Oil Engineering Co Ltd (600583) - Net Assets
Latest net assets as of September 2025: CN¥29.04 Billion CNY
Based on the latest financial reports, Offshore Oil Engineering Co Ltd (600583) has net assets worth CN¥29.04 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¥47.88 Billion) and total liabilities (CN¥18.84 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¥29.04 Billion |
| % of Total Assets | 60.65% |
| Annual Growth Rate | 20.34% |
| 5-Year Change | 24.75% |
| 10-Year Change | 22.98% |
| Growth Volatility | 42.32 |
Offshore Oil Engineering Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Offshore Oil Engineering 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 Offshore Oil Engineering Co Ltd (2000–2024)
The table below shows the annual net assets of Offshore Oil Engineering Co Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥28.28 Billion | +5.59% |
| 2023-12-31 | CN¥26.78 Billion | +4.27% |
| 2022-12-31 | CN¥25.68 Billion | +12.85% |
| 2021-12-31 | CN¥22.76 Billion | +0.41% |
| 2020-12-31 | CN¥22.67 Billion | -0.03% |
| 2019-12-31 | CN¥22.67 Billion | -1.01% |
| 2018-12-31 | CN¥22.90 Billion | -0.97% |
| 2017-12-31 | CN¥23.13 Billion | -0.17% |
| 2016-12-31 | CN¥23.17 Billion | +0.77% |
| 2015-12-31 | CN¥22.99 Billion | +11.76% |
| 2014-12-31 | CN¥20.57 Billion | +23.98% |
| 2013-12-31 | CN¥16.59 Billion | +60.95% |
| 2012-12-31 | CN¥10.31 Billion | +8.48% |
| 2011-12-31 | CN¥9.50 Billion | +4.57% |
| 2010-12-31 | CN¥9.09 Billion | +0.68% |
| 2009-12-31 | CN¥9.03 Billion | +9.66% |
| 2008-12-31 | CN¥8.23 Billion | +106.13% |
| 2007-12-31 | CN¥3.99 Billion | +32.47% |
| 2006-12-31 | CN¥3.01 Billion | +28.38% |
| 2005-12-31 | CN¥2.35 Billion | +30.80% |
| 2004-12-31 | CN¥1.80 Billion | +23.24% |
| 2003-12-31 | CN¥1.46 Billion | +13.35% |
| 2002-12-31 | CN¥1.28 Billion | +193.45% |
| 2001-12-31 | CN¥437.89 Million | +31.76% |
| 2000-12-31 | CN¥332.34 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Offshore Oil 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 25519.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥15.23 Billion | 58.00% |
| Common Stock | CN¥4.42 Billion | 16.83% |
| Other Comprehensive Income | CN¥2.38 Billion | 9.07% |
| Other Components | CN¥4.23 Billion | 16.10% |
| Total Equity | CN¥26.27 Billion | 100.00% |
Offshore Oil Engineering Co Ltd Competitors by Market Cap
The table below lists competitors of Offshore Oil Engineering Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
City Union Bank Limited
NSE:CUB
|
$1.93 Billion |
|
TOMRA SYSTEMS ASA NK-50
F:TMRA
|
$1.93 Billion |
|
Patanjali Foods Limited
NSE:PATANJALI
|
$1.93 Billion |
|
North Industries Group Red Arrow Co Ltd
SHE:000519
|
$1.93 Billion |
|
Xiangtan Electric Manufacturing Co Ltd
SHG:600416
|
$1.92 Billion |
|
Hisense Electric Co Ltd
SHG:600060
|
$1.92 Billion |
|
Droneshield Ltd
AU:DRO
|
$1.92 Billion |
|
Ecopro Co. Ltd
KQ:086520
|
$1.92 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Offshore Oil Engineering Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 24,794,593,700 to 26,266,520,300, a change of 1,471,926,600 (5.9%).
- Net income of 2,161,396,600 contributed positively to equity growth.
- Dividend payments of 650,162,800 reduced retained earnings.
- Other comprehensive income increased equity by 2,282,889,400.
- Other factors decreased equity by 2,322,196,600.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.16 Billion | +8.23% |
| Dividends Paid | CN¥650.16 Million | -2.48% |
| Other Comprehensive Income | CN¥2.28 Billion | +8.69% |
| Other Changes | CN¥-2.32 Billion | -8.84% |
| Total Change | CN¥- | 5.94% |
Book Value vs Market Value Analysis
This analysis compares Offshore Oil 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: 1.21x
- 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 74.11x to 1.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | CN¥0.10 | CN¥7.16 | x |
| 2001-12-31 | CN¥0.13 | CN¥7.16 | x |
| 2002-12-31 | CN¥0.37 | CN¥7.16 | x |
| 2003-12-31 | CN¥0.42 | CN¥7.16 | x |
| 2004-12-31 | CN¥0.52 | CN¥7.16 | x |
| 2005-12-31 | CN¥0.68 | CN¥7.16 | x |
| 2006-12-31 | CN¥1.05 | CN¥7.16 | x |
| 2007-12-31 | CN¥1.17 | CN¥7.16 | x |
| 2008-12-31 | CN¥2.41 | CN¥7.16 | x |
| 2009-12-31 | CN¥2.28 | CN¥7.16 | x |
| 2010-12-31 | CN¥2.14 | CN¥7.16 | x |
| 2011-12-31 | CN¥2.61 | CN¥7.16 | x |
| 2012-12-31 | CN¥2.66 | CN¥7.16 | x |
| 2013-12-31 | CN¥4.17 | CN¥7.16 | x |
| 2014-12-31 | CN¥4.67 | CN¥7.16 | x |
| 2015-12-31 | CN¥5.19 | CN¥7.16 | x |
| 2016-12-31 | CN¥5.28 | CN¥7.16 | x |
| 2017-12-31 | CN¥5.18 | CN¥7.16 | x |
| 2018-12-31 | CN¥5.74 | CN¥7.16 | x |
| 2019-12-31 | CN¥5.13 | CN¥7.16 | x |
| 2020-12-31 | CN¥5.12 | CN¥7.16 | x |
| 2021-12-31 | CN¥5.14 | CN¥7.16 | x |
| 2022-12-31 | CN¥5.36 | CN¥7.16 | x |
| 2023-12-31 | CN¥5.61 | CN¥7.16 | x |
| 2024-12-31 | CN¥5.94 | CN¥7.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Offshore Oil 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): 8.23%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.22%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 1.84x
- Recent ROE (8.23%) is below the historical average (11.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 25.19% | 11.96% | 0.71x | 2.97x | CN¥50.31 Million |
| 2001 | 23.73% | 8.59% | 0.83x | 3.31x | CN¥60.00 Million |
| 2002 | 10.33% | 7.65% | 0.88x | 1.53x | CN¥4.22 Million |
| 2003 | 13.49% | 9.56% | 0.98x | 1.44x | CN¥50.83 Million |
| 2004 | 20.38% | 10.48% | 1.31x | 1.48x | CN¥186.16 Million |
| 2005 | 24.94% | 13.74% | 1.22x | 1.48x | CN¥350.65 Million |
| 2006 | 24.54% | 14.88% | 0.99x | 1.67x | CN¥438.16 Million |
| 2007 | 27.01% | 16.50% | 0.81x | 2.02x | CN¥677.54 Million |
| 2008 | 14.58% | 12.44% | 0.60x | 1.96x | CN¥374.80 Million |
| 2009 | 10.97% | 7.12% | 0.84x | 1.83x | CN¥87.03 Million |
| 2010 | 0.93% | 1.18% | 0.40x | 1.98x | CN¥-818.52 Million |
| 2011 | 1.92% | 2.53% | 0.38x | 1.99x | CN¥-763.27 Million |
| 2012 | 8.28% | 6.85% | 0.61x | 1.99x | CN¥-176.00 Million |
| 2013 | 16.55% | 13.49% | 0.72x | 1.69x | CN¥1.09 Billion |
| 2014 | 20.76% | 19.37% | 0.71x | 1.52x | CN¥2.21 Billion |
| 2015 | 14.84% | 21.05% | 0.52x | 1.37x | CN¥1.11 Billion |
| 2016 | 5.68% | 10.97% | 0.40x | 1.29x | CN¥-1.00 Billion |
| 2017 | 2.12% | 4.79% | 0.36x | 1.23x | CN¥-1.82 Billion |
| 2018 | 0.35% | 0.72% | 0.37x | 1.32x | CN¥-2.21 Billion |
| 2019 | 0.12% | 0.19% | 0.46x | 1.41x | CN¥-2.24 Billion |
| 2020 | 1.60% | 2.03% | 0.54x | 1.47x | CN¥-1.90 Billion |
| 2021 | 1.63% | 1.87% | 0.57x | 1.52x | CN¥-1.90 Billion |
| 2022 | 6.15% | 4.97% | 0.69x | 1.80x | CN¥-911.41 Million |
| 2023 | 6.54% | 5.27% | 0.71x | 1.74x | CN¥-858.95 Million |
| 2024 | 8.23% | 7.22% | 0.62x | 1.84x | CN¥-465.26 Million |
Industry Comparison
This section compares Offshore Oil Engineering Co Ltd's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $992,882,705
- Average return on equity (ROE) among peers: -22.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Offshore Oil Engineering Co Ltd (600583) | CN¥29.04 Billion | 25.19% | 0.65x | $1.92 Billion |
| Xinjiang Zhundong Petroleum (002207) | $156.67 Million | 4.89% | 1.19x | $275.58 Million |
| Yantai Jereh Oilfield Services Group Co Ltd (002353) | $3.16 Billion | 20.35% | 0.48x | $7.68 Billion |
| China Oil HBP Science & Technology Co Ltd (002554) | $1.74 Billion | -28.35% | 1.23x | $416.87 Million |
| Zhejiang Renzhi Co Ltd (002629) | $685.23 Million | 3.58% | 0.12x | $282.35 Million |
| Lanzhou Haimo Technologies Co (300084) | $1.07 Billion | 3.74% | 0.52x | $485.03 Million |
| LandOcean Energy Services Co (300157) | $269.26 Million | -267.05% | 6.94x | $562.67 Million |
| Tong Oil Tools (300164) | $118.51 Million | 30.83% | 0.86x | $511.69 Million |
| Sino Geophysical (300191) | $1.17 Billion | -4.09% | 0.08x | $943.88 Million |
| Chengdu Huaqi Houpu Holding Co Ltd (300471) | $225.12 Million | 0.00% | 1.02x | $599.98 Million |
| Dezhou United Petroleum Technology Co.Ltd. (301158) | $1.33 Billion | 7.45% | 0.34x | $266.67 Million |