Shanghai DaZhong Public Utilities Group Co Ltd
Shanghai Dazhong Public Utilities(Group) Co.,Ltd., an investment holding company, engages in pipeline gas supply and sewage treatment activities in the People's Republic of China. It operates through the Piped Gas Supply, Wastewater Treatment, Public Infrastructure Projects, Investments, Transportation Services, and Financial Services segments. The company is involved in the city gas business, wh… Read more
Shanghai DaZhong Public Utilities Group Co Ltd (600635) - Net Assets
Latest net assets as of September 2025: CN¥10.64 Billion CNY
Based on the latest financial reports, Shanghai DaZhong Public Utilities Group Co Ltd (600635) has net assets worth CN¥10.64 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¥23.17 Billion) and total liabilities (CN¥12.52 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¥10.64 Billion |
| % of Total Assets | 45.94% |
| Annual Growth Rate | 15.92% |
| 5-Year Change | 1.66% |
| 10-Year Change | 46.89% |
| Growth Volatility | 23.7 |
Shanghai DaZhong Public Utilities Group Co Ltd - Net Assets Trend (1993–2024)
This chart illustrates how Shanghai DaZhong Public Utilities Group 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 Shanghai DaZhong Public Utilities Group Co Ltd (1993–2024)
The table below shows the annual net assets of Shanghai DaZhong Public Utilities Group Co Ltd from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥10.04 Billion | +3.12% |
| 2023-12-31 | CN¥9.74 Billion | +1.67% |
| 2022-12-31 | CN¥9.58 Billion | -4.39% |
| 2021-12-31 | CN¥10.02 Billion | +1.42% |
| 2020-12-31 | CN¥9.88 Billion | +6.78% |
| 2019-12-31 | CN¥9.25 Billion | +7.78% |
| 2018-12-31 | CN¥8.58 Billion | +2.65% |
| 2017-12-31 | CN¥8.36 Billion | +1.32% |
| 2016-12-31 | CN¥8.25 Billion | +20.70% |
| 2015-12-31 | CN¥6.84 Billion | +27.38% |
| 2014-12-31 | CN¥5.37 Billion | +11.62% |
| 2013-12-31 | CN¥4.81 Billion | +4.88% |
| 2012-12-31 | CN¥4.58 Billion | +1.83% |
| 2011-12-31 | CN¥4.50 Billion | +9.13% |
| 2010-12-31 | CN¥4.13 Billion | +21.25% |
| 2009-12-31 | CN¥3.40 Billion | +15.21% |
| 2008-12-31 | CN¥2.95 Billion | -3.27% |
| 2007-12-31 | CN¥3.05 Billion | +24.16% |
| 2006-12-31 | CN¥2.46 Billion | +0.57% |
| 2005-12-31 | CN¥2.44 Billion | +4.53% |
| 2004-12-31 | CN¥2.34 Billion | -1.20% |
| 2003-12-31 | CN¥2.37 Billion | +14.37% |
| 2002-12-31 | CN¥2.07 Billion | +29.68% |
| 2001-12-31 | CN¥1.60 Billion | +33.86% |
| 2000-12-31 | CN¥1.19 Billion | +2.86% |
| 1999-12-31 | CN¥1.16 Billion | +3.80% |
| 1998-12-31 | CN¥1.12 Billion | +80.62% |
| 1997-12-31 | CN¥618.39 Million | +59.56% |
| 1996-12-31 | CN¥387.56 Million | +32.44% |
| 1995-12-31 | CN¥292.62 Million | +45.85% |
| 1994-12-31 | CN¥200.64 Million | +95.03% |
| 1993-12-31 | CN¥102.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shanghai DaZhong Public Utilities Group 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 30414.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.48 Billion | 40.67% |
| Common Stock | CN¥2.95 Billion | 34.54% |
| Other Comprehensive Income | CN¥1.13 Billion | 13.17% |
| Other Components | CN¥993.70 Million | 11.63% |
| Total Equity | CN¥8.55 Billion | 100.00% |
Shanghai DaZhong Public Utilities Group Co Ltd Competitors by Market Cap
The table below lists competitors of Shanghai DaZhong Public Utilities Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anywhere Real Estate Inc
NYSE:HOUS
|
$1.87 Billion |
|
ShenZhen Yitoa Intelligent Control Co Ltd
SHE:300131
|
$1.87 Billion |
|
Cia de Distribucion Integral
MC:LOG
|
$1.87 Billion |
|
China Merchants Port Holdings Company Limited
PINK:CMHHF
|
$1.87 Billion |
|
International Game Technology PLC
NYSE:IGT
|
$1.87 Billion |
|
Vidrala S.A
PINK:VDRFF
|
$1.87 Billion |
|
Zhejiang Jiemei Electronic and Technology Co Ltd
SHE:002859
|
$1.87 Billion |
|
Adaro Andalan Indonesia Tbk
JK:AADI
|
$1.87 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai DaZhong Public Utilities Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,318,957,031 to 8,547,573,729, a change of 228,616,698 (2.7%).
- Net income of 233,149,043 contributed positively to equity growth.
- Dividend payments of 352,644,446 reduced retained earnings.
- Other comprehensive income increased equity by 120,553,716.
- Other factors increased equity by 227,558,385.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥233.15 Million | +2.73% |
| Dividends Paid | CN¥352.64 Million | -4.13% |
| Other Comprehensive Income | CN¥120.55 Million | +1.41% |
| Other Changes | CN¥227.56 Million | +2.66% |
| Total Change | CN¥- | 2.75% |
Book Value vs Market Value Analysis
This analysis compares Shanghai DaZhong Public Utilities Group 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: 2.14x
- 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 103.09x to 2.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | CN¥0.06 | CN¥6.28 | x |
| 1994-12-31 | CN¥0.12 | CN¥6.28 | x |
| 1995-12-31 | CN¥0.17 | CN¥6.28 | x |
| 1996-12-31 | CN¥0.20 | CN¥6.28 | x |
| 1997-12-31 | CN¥0.34 | CN¥6.28 | x |
| 1998-12-31 | CN¥0.62 | CN¥6.28 | x |
| 1999-12-31 | CN¥0.67 | CN¥6.28 | x |
| 2000-12-31 | CN¥0.69 | CN¥6.28 | x |
| 2001-12-31 | CN¥0.69 | CN¥6.28 | x |
| 2002-12-31 | CN¥0.65 | CN¥6.28 | x |
| 2003-12-31 | CN¥0.70 | CN¥6.28 | x |
| 2004-12-31 | CN¥0.68 | CN¥6.28 | x |
| 2005-12-31 | CN¥0.69 | CN¥6.28 | x |
| 2006-12-31 | CN¥1.05 | CN¥6.28 | x |
| 2007-12-31 | CN¥0.97 | CN¥6.28 | x |
| 2008-12-31 | CN¥0.96 | CN¥6.28 | x |
| 2009-12-31 | CN¥1.09 | CN¥6.28 | x |
| 2010-12-31 | CN¥1.36 | CN¥6.28 | x |
| 2011-12-31 | CN¥1.52 | CN¥6.28 | x |
| 2012-12-31 | CN¥1.53 | CN¥6.28 | x |
| 2013-12-31 | CN¥1.60 | CN¥6.28 | x |
| 2014-12-31 | CN¥1.81 | CN¥6.28 | x |
| 2015-12-31 | CN¥2.38 | CN¥6.28 | x |
| 2016-12-31 | CN¥2.86 | CN¥6.28 | x |
| 2017-12-31 | CN¥2.44 | CN¥6.28 | x |
| 2018-12-31 | CN¥2.49 | CN¥6.28 | x |
| 2019-12-31 | CN¥2.73 | CN¥6.28 | x |
| 2020-12-31 | CN¥2.93 | CN¥6.28 | x |
| 2021-12-31 | CN¥2.95 | CN¥6.28 | x |
| 2022-12-31 | CN¥2.79 | CN¥6.28 | x |
| 2023-12-31 | CN¥2.82 | CN¥6.28 | x |
| 2024-12-31 | CN¥2.93 | CN¥6.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai DaZhong Public Utilities Group 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): 2.73%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.68%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 2.69x
- Recent ROE (2.73%) is below the historical average (7.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 11.07% | 32.99% | 0.33x | 1.02x | CN¥1.10 Million |
| 1994 | 13.14% | 46.75% | 0.25x | 1.12x | CN¥6.29 Million |
| 1995 | 13.76% | 48.68% | 0.24x | 1.16x | CN¥10.99 Million |
| 1996 | 13.34% | 36.19% | 0.25x | 1.45x | CN¥11.29 Million |
| 1997 | 18.39% | 164.17% | 0.09x | 1.25x | CN¥47.61 Million |
| 1998 | 11.47% | 35.36% | 0.23x | 1.39x | CN¥15.36 Million |
| 1999 | 10.89% | 36.75% | 0.19x | 1.53x | CN¥10.03 Million |
| 2000 | 10.62% | 53.32% | 0.13x | 1.54x | CN¥7.16 Million |
| 2001 | 10.81% | 29.50% | 0.14x | 2.68x | CN¥9.38 Million |
| 2002 | 8.20% | 10.19% | 0.36x | 2.27x | CN¥-28.83 Million |
| 2003 | 7.25% | 8.50% | 0.32x | 2.63x | CN¥-47.54 Million |
| 2004 | 1.80% | 1.61% | 0.33x | 3.40x | CN¥-137.41 Million |
| 2005 | 2.12% | 1.73% | 0.32x | 3.78x | CN¥-134.44 Million |
| 2006 | 2.88% | 2.11% | 0.35x | 3.90x | CN¥-126.72 Million |
| 2007 | 10.64% | 9.66% | 0.32x | 3.48x | CN¥15.08 Million |
| 2008 | 7.59% | 5.74% | 0.36x | 3.63x | CN¥-54.92 Million |
| 2009 | 7.98% | 6.51% | 0.42x | 2.94x | CN¥-55.88 Million |
| 2010 | 6.40% | 6.29% | 0.37x | 2.73x | CN¥-124.76 Million |
| 2011 | 10.99% | 11.56% | 0.37x | 2.60x | CN¥37.73 Million |
| 2012 | 8.70% | 9.18% | 0.34x | 2.76x | CN¥-50.15 Million |
| 2013 | 7.07% | 7.20% | 0.36x | 2.73x | CN¥-115.64 Million |
| 2014 | 7.72% | 8.20% | 0.34x | 2.79x | CN¥-100.36 Million |
| 2015 | 7.99% | 10.09% | 0.32x | 2.51x | CN¥-116.29 Million |
| 2016 | 7.69% | 12.08% | 0.26x | 2.44x | CN¥-164.28 Million |
| 2017 | 6.55% | 10.09% | 0.23x | 2.86x | CN¥-249.94 Million |
| 2018 | 6.41% | 9.44% | 0.23x | 2.89x | CN¥-267.48 Million |
| 2019 | 6.53% | 9.40% | 0.25x | 2.80x | CN¥-279.85 Million |
| 2020 | 5.96% | 10.49% | 0.21x | 2.73x | CN¥-349.11 Million |
| 2021 | 3.48% | 5.48% | 0.23x | 2.76x | CN¥-568.22 Million |
| 2022 | -4.04% | -5.68% | 0.25x | 2.86x | CN¥-1.16 Billion |
| 2023 | 2.55% | 3.32% | 0.28x | 2.74x | CN¥-619.35 Million |
| 2024 | 2.73% | 3.68% | 0.28x | 2.69x | CN¥-621.61 Million |
Industry Comparison
This section compares Shanghai DaZhong Public Utilities Group 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: $1,970,117,327
- Average return on equity (ROE) among peers: 7.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai DaZhong Public Utilities Group Co Ltd (600635) | CN¥10.64 Billion | 11.07% | 1.18x | $1.87 Billion |
| Delong Composite Energy Group Co Ltd (000593) | $140.54 Million | 12.75% | 0.87x | $637.44 Million |
| Shaanxi Meineng Clean Energy Corp. Ltd. A (001299) | $1.31 Billion | 6.23% | 0.34x | $108.43 Million |
| Xinjiang Haoyuan Natural Gas Co Ltd (002700) | $587.34 Million | 11.03% | 0.16x | $175.83 Million |
| Foran Energy Group Co Ltd (002911) | $3.09 Billion | 11.73% | 0.77x | $427.54 Million |
| Top Resource Conservation Engineering Co Ltd (300332) | $4.44 Billion | 2.81% | 0.86x | $524.74 Million |
| Sichuan Qiaoyuan Gas Co.Ltd (301286) | $1.56 Billion | 7.51% | 0.19x | $253.51 Million |
| Changchun Gas Co Ltd (600333) | $1.19 Billion | 6.83% | 0.51x | $195.28 Million |
| Bestsun Energy Co Ltd (600681) | $-484.70 Million | 0.00% | 0.00x | $86.89 Million |
| ENN Ecological Holdings Co Ltd (600803) | $5.90 Billion | 10.69% | 2.65x | $2.55 Billion |