Shanghai DaZhong Public Utilities Group Co Ltd (600635) - Net Assets

Latest as of September 2025: CN¥10.64 Billion CNY ≈ $1.56 Billion USD

Based on the latest financial reports, Shanghai DaZhong Public Utilities Group Co Ltd (600635) has net assets worth CN¥10.64 Billion CNY (≈ $1.56 Billion 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¥23.17 Billion ≈ $3.39 Billion USD) and total liabilities (CN¥12.52 Billion ≈ $1.83 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 600635 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Shanghai DaZhong Public Utilities Group (600635) total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 600635 market cap overview.

Year Net Assets Change
2024-12-31 CN¥10.04 Billion
≈ $1.47 Billion		 +3.12%
2023-12-31 CN¥9.74 Billion
≈ $1.42 Billion		 +1.67%
2022-12-31 CN¥9.58 Billion
≈ $1.40 Billion		 -4.39%
2021-12-31 CN¥10.02 Billion
≈ $1.47 Billion		 +1.42%
2020-12-31 CN¥9.88 Billion
≈ $1.45 Billion		 +6.78%
2019-12-31 CN¥9.25 Billion
≈ $1.35 Billion		 +7.78%
2018-12-31 CN¥8.58 Billion
≈ $1.26 Billion		 +2.65%
2017-12-31 CN¥8.36 Billion
≈ $1.22 Billion		 +1.32%
2016-12-31 CN¥8.25 Billion
≈ $1.21 Billion		 +20.70%
2015-12-31 CN¥6.84 Billion
≈ $1.00 Billion		 +27.38%
2014-12-31 CN¥5.37 Billion
≈ $785.26 Million		 +11.62%
2013-12-31 CN¥4.81 Billion
≈ $703.51 Million		 +4.88%
2012-12-31 CN¥4.58 Billion
≈ $670.78 Million		 +1.83%
2011-12-31 CN¥4.50 Billion
≈ $658.74 Million		 +9.13%
2010-12-31 CN¥4.13 Billion
≈ $603.64 Million		 +21.25%
2009-12-31 CN¥3.40 Billion
≈ $497.84 Million		 +15.21%
2008-12-31 CN¥2.95 Billion
≈ $432.12 Million		 -3.27%
2007-12-31 CN¥3.05 Billion
≈ $446.72 Million		 +24.16%
2006-12-31 CN¥2.46 Billion
≈ $359.80 Million		 +0.57%
2005-12-31 CN¥2.44 Billion
≈ $357.78 Million		 +4.53%
2004-12-31 CN¥2.34 Billion
≈ $342.27 Million		 -1.20%
2003-12-31 CN¥2.37 Billion
≈ $346.43 Million		 +14.37%
2002-12-31 CN¥2.07 Billion
≈ $302.89 Million		 +29.68%
2001-12-31 CN¥1.60 Billion
≈ $233.57 Million		 +33.86%
2000-12-31 CN¥1.19 Billion
≈ $174.50 Million		 +2.86%
1999-12-31 CN¥1.16 Billion
≈ $169.65 Million		 +3.80%
1998-12-31 CN¥1.12 Billion
≈ $163.44 Million		 +80.62%
1997-12-31 CN¥618.39 Million
≈ $90.49 Million		 +59.56%
1996-12-31 CN¥387.56 Million
≈ $56.71 Million		 +32.44%
1995-12-31 CN¥292.62 Million
≈ $42.82 Million		 +45.85%
1994-12-31 CN¥200.64 Million
≈ $29.36 Million		 +95.03%
1993-12-31 CN¥102.88 Million
≈ $15.05 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
Tianrun Crankshaft Co Ltd
SHE:002283
 $1.87 Billion
BioCryst Pharmaceuticals Inc
NASDAQ:BCRX
 $1.87 Billion
Gelsenwasser AG
F:WWG
 $1.87 Billion
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
VI:ATS
 $1.87 Billion
Nanhua Futures Co Ltd
SHG:603093
 $1.87 Billion
Jihua Group Corp Ltd
SHG:601718
 $1.87 Billion
PSG Konsult Ltd
JSE:KST
 $1.87 Billion
Shenzhen Chipscreen Biosciences Co
SHG:688321
 $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: 1.80x
  • 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 86.84x to 1.80x 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¥5.29 x
1994-12-31 CN¥0.12 CN¥5.29 x
1995-12-31 CN¥0.17 CN¥5.29 x
1996-12-31 CN¥0.20 CN¥5.29 x
1997-12-31 CN¥0.34 CN¥5.29 x
1998-12-31 CN¥0.62 CN¥5.29 x
1999-12-31 CN¥0.67 CN¥5.29 x
2000-12-31 CN¥0.69 CN¥5.29 x
2001-12-31 CN¥0.69 CN¥5.29 x
2002-12-31 CN¥0.65 CN¥5.29 x
2003-12-31 CN¥0.70 CN¥5.29 x
2004-12-31 CN¥0.68 CN¥5.29 x
2005-12-31 CN¥0.69 CN¥5.29 x
2006-12-31 CN¥1.05 CN¥5.29 x
2007-12-31 CN¥0.97 CN¥5.29 x
2008-12-31 CN¥0.96 CN¥5.29 x
2009-12-31 CN¥1.09 CN¥5.29 x
2010-12-31 CN¥1.36 CN¥5.29 x
2011-12-31 CN¥1.52 CN¥5.29 x
2012-12-31 CN¥1.53 CN¥5.29 x
2013-12-31 CN¥1.60 CN¥5.29 x
2014-12-31 CN¥1.81 CN¥5.29 x
2015-12-31 CN¥2.38 CN¥5.29 x
2016-12-31 CN¥2.86 CN¥5.29 x
2017-12-31 CN¥2.44 CN¥5.29 x
2018-12-31 CN¥2.49 CN¥5.29 x
2019-12-31 CN¥2.73 CN¥5.29 x
2020-12-31 CN¥2.93 CN¥5.29 x
2021-12-31 CN¥2.95 CN¥5.29 x
2022-12-31 CN¥2.79 CN¥5.29 x
2023-12-31 CN¥2.82 CN¥5.29 x
2024-12-31 CN¥2.93 CN¥5.29 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: $1,904,399,811
  • Average return on equity (ROE) among peers: 7.59%

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) $284.68 Million 0.20% 1.09x $1.33 Billion
Xinjiang Haoyuan Natural Gas Co Ltd (002700) $1.13 Billion 6.19% 0.18x $420.06 Million
Foran Energy Group Co Ltd (002911) $3.73 Billion 11.03% 0.89x $2.32 Billion
Top Resource Conservation Engineering Co Ltd (300332) $3.67 Billion 2.46% 1.27x $727.92 Million
Sichuan Qiaoyuan Gas Co.Ltd (301286) $1.56 Billion 7.51% 0.19x $2.97 Billion
Changchun Gas Co Ltd (600333) $1.31 Billion 5.73% 0.49x $514.22 Million
Bestsun Energy Co Ltd (600681) $4.60 Billion 21.86% 0.93x $796.61 Million
ENN Ecological Holdings Co Ltd (600803) $356.30 Million 1.22% 1.38x $9.18 Billion
Guizhou Gas Group Corporation Ltd Class A (600903) $491.32 Million 12.14% 2.40x $1.09 Billion

About Shanghai DaZhong Public Utilities Group Co Ltd

SHG:600635 China Utilities - Regulated Gas
Market Cap
$1.87 Billion
CN¥12.80 Billion CNY
Market Cap Rank
#6509 Global
#1472 in China
Share Price
CN¥5.29
Change (1 day)
-3.64%
52-Week Range
CN¥3.79 - CN¥8.27
All Time High
CN¥9.91
Categories
Companies in China Utilities - Regulated Gas
About

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