Bestsun Energy Co Ltd

SHG:600681 China Utilities - Regulated Gas
Market Cap
$820.53 Million
CN¥6.02 Billion CNY
Market Cap Rank
#18809 Global
#4621 in China
Share Price
CN¥4.49
Change (1 day)
-1.32%
52-Week Range
CN¥3.15 - CN¥5.48
All Time High
CN¥8.88
Categories
Companies in China Utilities - Regulated Gas
About

Bestsun Energy Co., Ltd. engages in the city gas business in China. The company involved in sale of city pipeline gas and gas appliances; and provides gas engineering installation services. It also engages in business management, project investment, instrumentation, material trade, dangerous goods transportation, building installation, and energy distribution activities. In addition, the company … Read more

Bestsun Energy Co Ltd (600681) - Net Assets

Latest net assets as of September 2025: CN¥3.65 Billion CNY

Based on the latest financial reports, Bestsun Energy Co Ltd (600681) has net assets worth CN¥3.65 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¥7.86 Billion) and total liabilities (CN¥4.21 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¥3.65 Billion
% of Total Assets 46.44%
Annual Growth Rate 9.21%
5-Year Change -12.83%
10-Year Change 12255.57%
Growth Volatility 1392.86

Bestsun Energy Co Ltd - Net Assets Trend (1993–2024)

This chart illustrates how Bestsun Energy 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 Bestsun Energy Co Ltd (1993–2024)

The table below shows the annual net assets of Bestsun Energy Co Ltd from 1993 to 2024.

Year Net Assets Change
2024-12-31 CN¥3.82 Billion +0.56%
2023-12-31 CN¥3.80 Billion -0.73%
2022-12-31 CN¥3.83 Billion -5.82%
2021-12-31 CN¥4.07 Billion -7.28%
2020-12-31 CN¥4.38 Billion -6.03%
2019-12-31 CN¥4.67 Billion +1.35%
2018-12-31 CN¥4.60 Billion +17.56%
2017-12-31 CN¥3.92 Billion +82.88%
2016-12-31 CN¥2.14 Billion +6822.34%
2015-12-31 CN¥30.93 Million +10.04%
2014-12-31 CN¥28.11 Million +12.50%
2013-12-31 CN¥24.99 Million -2.35%
2012-12-31 CN¥25.59 Million +47.03%
2011-12-31 CN¥17.40 Million +103.85%
2010-12-31 CN¥-452.05 Million +6.08%
2009-12-31 CN¥-481.33 Million +0.70%
2008-12-31 CN¥-484.70 Million +18.28%
2007-12-31 CN¥-593.14 Million -4.98%
2006-12-31 CN¥-565.00 Million -11.34%
2005-12-31 CN¥-507.44 Million -8.14%
2004-12-31 CN¥-469.24 Million -1.09%
2003-12-31 CN¥-464.20 Million -239.71%
2002-12-31 CN¥332.26 Million -13.38%
2001-12-31 CN¥383.61 Million +5.24%
2000-12-31 CN¥364.51 Million -3.81%
1999-12-31 CN¥378.96 Million -6.99%
1998-12-31 CN¥407.44 Million +5.87%
1997-12-31 CN¥384.85 Million +11.94%
1996-12-31 CN¥343.79 Million +2.99%
1995-12-31 CN¥333.79 Million -1.77%
1994-12-31 CN¥339.82 Million +36.61%
1993-12-31 CN¥248.75 Million --

Equity Component Analysis

This analysis shows how different components contribute to Bestsun Energy 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 8759.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥2.04 Billion 55.63%
Common Stock CN¥990.67 Million 26.99%
Other Components CN¥637.58 Million 17.37%
Total Equity CN¥3.67 Billion 100.00%

Bestsun Energy Co Ltd Competitors by Market Cap

The table below lists competitors of Bestsun Energy Co Ltd ranked by their market capitalization.

Company Market Cap
Mediantechn
PA:ALMDT
 		$86.92 Million
Hurco Companies Inc
NASDAQ:HURC
 		$86.94 Million
Han Shin Mach
KO:011700
 		$87.00 Million
SK Growth Opportunities Corporation
NASDAQ:SKGR
 		$87.04 Million
ODFJELL TECHNOLOGYLTD
F:ND4
 		$86.88 Million
WiSoL CO.LTD
KQ:122990
 		$86.86 Million
COGELEC S.A. EO-45
F:5TL
 		$86.86 Million
Seamec Limited
NSE:SEAMECLTD
 		$86.84 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Bestsun Energy Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 3,638,285,000 to 3,669,985,000, a change of 31,700,000 (0.9%).
  • Net income of 319,023,000 contributed positively to equity growth.
  • Dividend payments of 371,837,000 reduced retained earnings.
  • Other factors increased equity by 84,514,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥319.02 Million +8.69%
Dividends Paid CN¥371.84 Million -10.13%
Other Changes CN¥84.51 Million +2.3%
Total Change CN¥- 0.87%

Book Value vs Market Value Analysis

This analysis compares Bestsun Energy 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: 1.63x
  • 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 7.61x to 1.63x 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¥0.59 CN¥4.49 x
1994-12-31 CN¥0.79 CN¥4.49 x
1995-12-31 CN¥0.78 CN¥4.49 x
1996-12-31 CN¥0.80 CN¥4.49 x
1997-12-31 CN¥0.91 CN¥4.49 x
1998-12-31 CN¥0.89 CN¥4.49 x
1999-12-31 CN¥0.83 CN¥4.49 x
2000-12-31 CN¥0.88 CN¥4.49 x
2001-12-31 CN¥0.92 CN¥4.49 x
2002-12-31 CN¥0.79 CN¥4.49 x
2003-12-31 CN¥-1.14 CN¥4.49 x
2004-12-31 CN¥-1.15 CN¥4.49 x
2005-12-31 CN¥-1.24 CN¥4.49 x
2006-12-31 CN¥-1.39 CN¥4.49 x
2007-12-31 CN¥-1.45 CN¥4.49 x
2008-12-31 CN¥-1.19 CN¥4.49 x
2009-12-31 CN¥-1.20 CN¥4.49 x
2010-12-31 CN¥-1.33 CN¥4.49 x
2011-12-31 CN¥0.05 CN¥4.49 x
2012-12-31 CN¥0.03 CN¥4.49 x
2013-12-31 CN¥0.01 CN¥4.49 x
2014-12-31 CN¥0.02 CN¥4.49 x
2015-12-31 CN¥1.01 CN¥4.49 x
2016-12-31 CN¥1.74 CN¥4.49 x
2017-12-31 CN¥2.86 CN¥4.49 x
2018-12-31 CN¥3.16 CN¥4.49 x
2019-12-31 CN¥3.16 CN¥4.49 x
2020-12-31 CN¥3.01 CN¥4.49 x
2021-12-31 CN¥2.84 CN¥4.49 x
2022-12-31 CN¥2.72 CN¥4.49 x
2023-12-31 CN¥2.71 CN¥4.49 x
2024-12-31 CN¥2.76 CN¥4.49 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Bestsun Energy 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): 8.69%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 6.27%
  • • Asset Turnover: 0.66x
  • • Equity Multiplier: 2.10x
  • Recent ROE (8.69%) is below the historical average (11.28%), 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 9.58% 17.66% 0.41x 1.32x CN¥-1.02 Million
1994 7.80% 23.11% 0.23x 1.49x CN¥-7.12 Million
1995 1.21% 3.71% 0.22x 1.49x CN¥-27.93 Million
1996 2.57% 5.86% 0.29x 1.50x CN¥-24.24 Million
1997 11.73% 17.58% 0.42x 1.58x CN¥6.40 Million
1998 6.62% 8.27% 0.43x 1.85x CN¥-12.22 Million
1999 1.04% 1.28% 0.41x 1.96x CN¥-30.33 Million
2000 8.03% 12.14% 0.35x 1.86x CN¥-7.09 Million
2001 4.45% 7.02% 0.29x 2.21x CN¥-20.75 Million
2002 -15.87% -22.22% 0.28x 2.59x CN¥-83.29 Million
2003 0.00% -390.52% 0.65x 0.00x CN¥-721.94 Million
2004 0.00% 5.47% 0.55x 0.00x CN¥56.54 Million
2005 0.00% -12.23% 0.61x 0.00x CN¥27.57 Million
2006 0.00% -105.08% 0.30x 0.00x CN¥-1.10 Million
2007 0.00% -298.40% 0.06x 0.00x CN¥31.47 Million
2008 0.00% 556.68% 0.08x 0.00x CN¥95.41 Million
2009 0.00% 127.46% 0.08x 0.00x CN¥56.30 Million
2010 0.00% 428.19% 0.17x 0.00x CN¥74.41 Million
2011 143.73% 144.16% 0.12x 8.49x CN¥23.27 Million
2012 11.83% 3.31% 0.49x 7.22x CN¥440.28K
2013 -30.79% -7.25% 0.47x 9.01x CN¥-7.51 Million
2014 10.22% 3.50% 0.33x 8.95x CN¥45.24K
2015 47.40% 2300.78% 0.09x 0.23x CN¥321.80 Million
2016 25.82% 32.05% 0.50x 1.60x CN¥337.74 Million
2017 21.95% 28.87% 0.42x 1.80x CN¥467.17 Million
2018 22.45% 21.18% 0.53x 1.98x CN¥558.18 Million
2019 16.12% 14.92% 0.53x 2.03x CN¥276.63 Million
2020 11.97% 11.81% 0.54x 1.89x CN¥83.69 Million
2021 13.74% 11.62% 0.57x 2.09x CN¥146.40 Million
2022 10.65% 7.81% 0.64x 2.13x CN¥23.85 Million
2023 10.13% 7.05% 0.66x 2.16x CN¥4.59 Million
2024 8.69% 6.27% 0.66x 2.10x CN¥-47.98 Million

Industry Comparison

This section compares Bestsun Energy 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: $8,019,857,055
  • Average return on equity (ROE) among peers: 9.79%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Bestsun Energy Co Ltd (600681) CN¥3.65 Billion 9.58% 1.15x $86.89 Million
Delong Composite Energy Group Co Ltd (000593) $933.66 Million 2.04% 1.10x $622.98 Million
Shaanxi Meineng Clean Energy Corp. Ltd. A (001299) $1.30 Billion 6.72% 0.36x $106.29 Million
Xinjiang Haoyuan Natural Gas Co Ltd (002700) $147.90 Million 32.85% 1.37x $172.04 Million
Foran Energy Group Co Ltd (002911) $745.57 Million 24.41% 1.42x $410.21 Million
Top Resource Conservation Engineering Co Ltd (300332) $3.54 Billion 0.30% 1.22x $507.68 Million
Sichuan Qiaoyuan Gas Co.Ltd (301286) $1.75 Billion 8.51% 0.14x $245.07 Million
Changchun Gas Co Ltd (600333) $2.06 Billion -4.78% 1.94x $195.28 Million
Shanghai DaZhong Public Utilities Group Co Ltd (600635) $1.16 Billion 10.61% 0.49x $1.87 Billion
ENN Ecological Holdings Co Ltd (600803) $60.54 Billion 7.42% 1.19x $2.55 Billion