Offshore Oil Engineering Co Ltd (600583) - Net Assets
Based on the latest financial reports, Offshore Oil Engineering Co Ltd (600583) has net assets worth CN¥29.02 Billion CNY (≈ $4.25 Billion 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¥48.21 Billion ≈ $7.06 Billion USD) and total liabilities (CN¥19.20 Billion ≈ $2.81 Billion 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 tangible net worth ratio of Offshore Oil Engineering Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥29.02 Billion |
| % of Total Assets | 60.18% |
| Annual Growth Rate | 19.54% |
| 5-Year Change | 26.6% |
| 10-Year Change | 24.36% |
| Growth Volatility | 41.71 |
Offshore Oil Engineering Co Ltd - Net Assets Trend (2000–2025)
This chart illustrates how Offshore Oil Engineering Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Offshore Oil Engineering Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Offshore Oil Engineering Co Ltd (2000–2025)
The table below shows the annual net assets of Offshore Oil Engineering Co Ltd from 2000 to 2025. For live valuation and market cap data, see Offshore Oil Engineering Co Ltd (600583) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥28.81 Billion ≈ $4.22 Billion |
+1.90% |
| 2024-12-31 | CN¥28.28 Billion ≈ $4.14 Billion |
+5.59% |
| 2023-12-31 | CN¥26.78 Billion ≈ $3.92 Billion |
+4.27% |
| 2022-12-31 | CN¥25.68 Billion ≈ $3.76 Billion |
+12.85% |
| 2021-12-31 | CN¥22.76 Billion ≈ $3.33 Billion |
+0.41% |
| 2020-12-31 | CN¥22.67 Billion ≈ $3.32 Billion |
-0.03% |
| 2019-12-31 | CN¥22.67 Billion ≈ $3.32 Billion |
-1.01% |
| 2018-12-31 | CN¥22.90 Billion ≈ $3.35 Billion |
-0.97% |
| 2017-12-31 | CN¥23.13 Billion ≈ $3.38 Billion |
-0.17% |
| 2016-12-31 | CN¥23.17 Billion ≈ $3.39 Billion |
+0.77% |
| 2015-12-31 | CN¥22.99 Billion ≈ $3.36 Billion |
+11.76% |
| 2014-12-31 | CN¥20.57 Billion ≈ $3.01 Billion |
+23.98% |
| 2013-12-31 | CN¥16.59 Billion ≈ $2.43 Billion |
+60.95% |
| 2012-12-31 | CN¥10.31 Billion ≈ $1.51 Billion |
+8.48% |
| 2011-12-31 | CN¥9.50 Billion ≈ $1.39 Billion |
+4.57% |
| 2010-12-31 | CN¥9.09 Billion ≈ $1.33 Billion |
+0.68% |
| 2009-12-31 | CN¥9.03 Billion ≈ $1.32 Billion |
+9.66% |
| 2008-12-31 | CN¥8.23 Billion ≈ $1.20 Billion |
+106.13% |
| 2007-12-31 | CN¥3.99 Billion ≈ $584.35 Million |
+32.47% |
| 2006-12-31 | CN¥3.01 Billion ≈ $441.12 Million |
+28.38% |
| 2005-12-31 | CN¥2.35 Billion ≈ $343.60 Million |
+30.80% |
| 2004-12-31 | CN¥1.80 Billion ≈ $262.68 Million |
+23.24% |
| 2003-12-31 | CN¥1.46 Billion ≈ $213.14 Million |
+13.35% |
| 2002-12-31 | CN¥1.28 Billion ≈ $188.04 Million |
+193.45% |
| 2001-12-31 | CN¥437.89 Million ≈ $64.08 Million |
+31.76% |
| 2000-12-31 | CN¥332.34 Million ≈ $48.63 Million |
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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 25613.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥15.29 Billion | 57.53% |
| Common Stock | CN¥4.42 Billion | 16.64% |
| Other Comprehensive Income | CN¥2.64 Billion | 9.92% |
| Other Components | CN¥4.23 Billion | 15.91% |
| Total Equity | CN¥26.58 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 |
|---|---|
|
Laboratorios Farmaceuticos ROVI
MC:ROVI
|
$3.47 Billion |
|
Sichuan Qiaoyuan Gas Co.Ltd
SHE:301286
|
$3.47 Billion |
|
H&E Equipment Services Inc
NASDAQ:HEES
|
$3.47 Billion |
|
Juneyao Airlines
SHG:603885
|
$3.47 Billion |
|
Kiler Holding A.S.
IS:KLRHO
|
$3.47 Billion |
|
Garden Reach Shipbuilders & Engineers Limited
NSE:GRSE
|
$3.47 Billion |
|
H B Fuller Company
NYSE:FUL
|
$3.47 Billion |
|
Nuscale Power Corp
NYSE:SMR
|
$3.46 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 2024 to 2025, total equity changed from 26,266,520,300 to 26,577,840,900, a change of 311,320,600 (1.2%).
- Net income of 2,084,436,100 contributed positively to equity growth.
- Dividend payments of 888,692,300 reduced retained earnings.
- Other comprehensive income increased equity by 255,428,100.
- Other factors decreased equity by 1,139,851,300.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.08 Billion | +7.84% |
| Dividends Paid | CN¥888.69 Million | -3.34% |
| Other Comprehensive Income | CN¥255.43 Million | +0.96% |
| Other Changes | CN¥-1.14 Billion | -4.29% |
| Total Change | CN¥- | 1.19% |
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: 0.89x
- 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 55.48x to 0.89x 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¥5.36 | x |
| 2001-12-31 | CN¥0.13 | CN¥5.36 | x |
| 2002-12-31 | CN¥0.37 | CN¥5.36 | x |
| 2003-12-31 | CN¥0.42 | CN¥5.36 | x |
| 2004-12-31 | CN¥0.52 | CN¥5.36 | x |
| 2005-12-31 | CN¥0.68 | CN¥5.36 | x |
| 2006-12-31 | CN¥1.05 | CN¥5.36 | x |
| 2007-12-31 | CN¥1.17 | CN¥5.36 | x |
| 2008-12-31 | CN¥2.41 | CN¥5.36 | x |
| 2009-12-31 | CN¥2.28 | CN¥5.36 | x |
| 2010-12-31 | CN¥2.14 | CN¥5.36 | x |
| 2011-12-31 | CN¥2.61 | CN¥5.36 | x |
| 2012-12-31 | CN¥2.66 | CN¥5.36 | x |
| 2013-12-31 | CN¥4.17 | CN¥5.36 | x |
| 2014-12-31 | CN¥4.67 | CN¥5.36 | x |
| 2015-12-31 | CN¥5.19 | CN¥5.36 | x |
| 2016-12-31 | CN¥5.28 | CN¥5.36 | x |
| 2017-12-31 | CN¥5.18 | CN¥5.36 | x |
| 2018-12-31 | CN¥5.74 | CN¥5.36 | x |
| 2019-12-31 | CN¥5.13 | CN¥5.36 | x |
| 2020-12-31 | CN¥5.12 | CN¥5.36 | x |
| 2021-12-31 | CN¥5.14 | CN¥5.36 | x |
| 2022-12-31 | CN¥5.36 | CN¥5.36 | x |
| 2023-12-31 | CN¥5.61 | CN¥5.36 | x |
| 2024-12-31 | CN¥5.94 | CN¥5.36 | x |
| 2025-12-31 | CN¥6.01 | CN¥5.36 | 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): 7.84%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.70%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.86x
- Recent ROE (7.84%) is below the historical average (11.49%), 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 |
| 2025 | 7.84% | 7.70% | 0.55x | 1.86x | CN¥-573.35 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: $1,810,102,469
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Offshore Oil Engineering Co Ltd (600583) | CN¥29.02 Billion | 25.19% | 0.66x | $3.47 Billion |
| Sinopec Oilfield Equipment Corp (000852) | $1.96 Billion | 1.56% | 3.18x | $776.38 Million |
| Xinjiang Zhundong Petroleum (002207) | $370.64 Million | 3.06% | 0.82x | $265.74 Million |
| Yantai Jereh Oilfield Services Group Co Ltd (002353) | $8.14 Billion | 14.74% | 0.37x | $24.60 Billion |
| Shandong Molong Petroleum Machinery Co Ltd (002490) | $2.01 Billion | 4.59% | 2.28x | $557.27 Million |
| China Oil HBP Science & Technology Co Ltd (002554) | $276.58 Million | 24.18% | 0.69x | $630.38 Million |
| Zhejiang Renzhi Co Ltd (002629) | $237.15 Million | 25.41% | 1.03x | $288.69 Million |
| Lanzhou Haimo Technologies Co (300084) | $619.92 Million | 2.73% | 0.04x | $947.55 Million |
| LandOcean Energy Services Co (300157) | $1.28 Billion | -94.19% | 1.70x | $446.82 Million |
| Tong Oil Tools (300164) | $2.01 Billion | 2.19% | 0.35x | $771.55 Million |
| Sino Geophysical (300191) | $1.18 Billion | 0.96% | 0.09x | $1.40 Billion |
About 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 engineering, general contracting business; development of offshore and shallow water oil and gas; providing professional solution for deep water jacket engineering, fabri… Read more