Shandong Xinchao Energy Co Ltd

SHG:600777 China Oil & Gas E&P
Market Cap
$4.61 Billion
CN¥33.80 Billion CNY
Market Cap Rank
#6185 Global
#913 in China
Share Price
CN¥4.97
Change (1 day)
+0.40%
52-Week Range
CN¥2.04 - CN¥5.03
All Time High
CN¥5.03
Categories
Companies in China Oil & Gas E&P
About

Shandong Xinchao Energy Corporation Limited engages in the exploration, production, and sale of oil and natural gas in China. The company holds interest in oil fields in Crosby County, Texas; and shale oil and gas properties in Howard and Borden counties, Texas. The company was formerly known as Yantai Xinchao Industry Co., Ltd. and changed its name to Shandong Xinchao Energy Corporation Limited … Read more

Shandong Xinchao Energy Co Ltd (600777) - Net Assets

Latest net assets as of September 2025: CN¥23.52 Billion CNY

Based on the latest financial reports, Shandong Xinchao Energy Co Ltd (600777) has net assets worth CN¥23.52 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¥35.97 Billion) and total liabilities (CN¥12.45 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¥23.52 Billion
% of Total Assets 65.39%
Annual Growth Rate 21.03%
5-Year Change 79.8%
10-Year Change 544.0%
Growth Volatility 37.07

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

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

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

Year Net Assets Change
2024-12-31 CN¥22.35 Billion +11.12%
2023-12-31 CN¥20.11 Billion +19.04%
2022-12-31 CN¥16.89 Billion +38.39%
2021-12-31 CN¥12.21 Billion -1.78%
2020-12-31 CN¥12.43 Billion -22.90%
2019-12-31 CN¥16.12 Billion +8.76%
2018-12-31 CN¥14.82 Billion +9.27%
2017-12-31 CN¥13.56 Billion +148.48%
2016-12-31 CN¥5.46 Billion +57.32%
2015-12-31 CN¥3.47 Billion +93.61%
2014-12-31 CN¥1.79 Billion -3.07%
2013-12-31 CN¥1.85 Billion +2.24%
2012-12-31 CN¥1.81 Billion -8.14%
2011-12-31 CN¥1.97 Billion +0.16%
2010-12-31 CN¥1.97 Billion -6.55%
2009-12-31 CN¥2.10 Billion +0.64%
2008-12-31 CN¥2.09 Billion +37.38%
2007-12-31 CN¥1.52 Billion -7.01%
2006-12-31 CN¥1.64 Billion +4.56%
2005-12-31 CN¥1.56 Billion +4.52%
2004-12-31 CN¥1.50 Billion +5.28%
2003-12-31 CN¥1.42 Billion +67.81%
2002-12-31 CN¥847.31 Million +9.64%
2001-12-31 CN¥772.79 Million -2.34%
2000-12-31 CN¥791.30 Million +41.53%
1999-12-31 CN¥559.12 Million +79.72%
1998-12-31 CN¥311.11 Million +86.29%
1997-12-31 CN¥167.00 Million +28.40%
1996-12-31 CN¥130.06 Million +20.96%
1995-12-31 CN¥107.53 Million +17.45%
1994-12-31 CN¥91.56 Million +52.33%
1993-12-31 CN¥60.11 Million --

Equity Component Analysis

This analysis shows how different components contribute to Shandong Xinchao 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 11200776.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥7.33 Billion 32.81%
Common Stock CN¥6.80 Billion 30.43%
Other Components CN¥8.21 Billion 36.76%
Total Equity CN¥22.35 Billion 100.00%

Shandong Xinchao Energy Co Ltd Competitors by Market Cap

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

Company Market Cap
SNGN Romgaz SA
LSE:SNGR
 		$1.35 Billion
Pandox AB Series B
LSE:0R8U
 		$1.35 Billion
Leggett & Platt Incorporated
NYSE:LEG
 		$1.35 Billion
Shenzhen Jufei Optoelectronics
SHE:300303
 		$1.35 Billion
Zhejiang Shenghua Biok Biology Co Ltd
SHG:600226
 		$1.35 Billion
Infinera Corporation
NASDAQ:INFN
 		$1.35 Billion
Jilin Chemical Fibre Co Ltd
SHE:000420
 		$1.35 Billion
MaxLinear Inc
NASDAQ:MXL
 		$1.35 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 20,108,642,296 to 22,345,637,436, a change of 2,236,995,140 (11.1%).
  • Net income of 2,035,587,747 contributed positively to equity growth.
  • Dividend payments of 789,063,319 reduced retained earnings.
  • Other factors increased equity by 990,470,712.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥2.04 Billion +9.11%
Dividends Paid CN¥789.06 Million -3.53%
Other Changes CN¥990.47 Million +4.43%
Total Change CN¥- 11.12%

Book Value vs Market Value Analysis

This analysis compares Shandong Xinchao 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: 1.51x
  • 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 131.10x to 1.51x 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¥0.04 CN¥4.97 x
1994-12-31 CN¥0.06 CN¥4.97 x
1995-12-31 CN¥0.07 CN¥4.97 x
1996-12-31 CN¥0.08 CN¥4.97 x
1997-12-31 CN¥0.11 CN¥4.97 x
1998-12-31 CN¥0.18 CN¥4.97 x
1999-12-31 CN¥0.33 CN¥4.97 x
2000-12-31 CN¥0.46 CN¥4.97 x
2001-12-31 CN¥0.45 CN¥4.97 x
2002-12-31 CN¥0.49 CN¥4.97 x
2003-12-31 CN¥0.84 CN¥4.97 x
2004-12-31 CN¥0.87 CN¥4.97 x
2005-12-31 CN¥0.90 CN¥4.97 x
2006-12-31 CN¥0.91 CN¥4.97 x
2007-12-31 CN¥0.56 CN¥4.97 x
2008-12-31 CN¥0.62 CN¥4.97 x
2009-12-31 CN¥0.57 CN¥4.97 x
2010-12-31 CN¥0.53 CN¥4.97 x
2011-12-31 CN¥0.48 CN¥4.97 x
2012-12-31 CN¥0.51 CN¥4.97 x
2013-12-31 CN¥0.56 CN¥4.97 x
2014-12-31 CN¥0.48 CN¥4.97 x
2015-12-31 CN¥1.13 CN¥4.97 x
2016-12-31 CN¥1.50 CN¥4.97 x
2017-12-31 CN¥2.61 CN¥4.97 x
2018-12-31 CN¥2.18 CN¥4.97 x
2019-12-31 CN¥2.37 CN¥4.97 x
2020-12-31 CN¥1.83 CN¥4.97 x
2021-12-31 CN¥1.80 CN¥4.97 x
2022-12-31 CN¥2.48 CN¥4.97 x
2023-12-31 CN¥2.96 CN¥4.97 x
2024-12-31 CN¥3.29 CN¥4.97 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shandong Xinchao 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): 9.11%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 25.54%
  • • Asset Turnover: 0.22x
  • • Equity Multiplier: 1.59x
  • Recent ROE (9.11%) is above the historical average (5.32%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1993 21.49% 18.80% 0.74x 1.54x CN¥6.91 Million
1994 13.26% 14.16% 0.63x 1.48x CN¥2.98 Million
1995 14.85% 13.76% 0.77x 1.39x CN¥5.22 Million
1996 17.33% 17.92% 0.86x 1.12x CN¥9.53 Million
1997 22.12% 25.01% 0.66x 1.33x CN¥20.23 Million
1998 18.04% 24.29% 0.58x 1.29x CN¥23.01 Million
1999 11.17% 14.80% 0.54x 1.40x CN¥6.05 Million
2000 6.24% 7.73% 0.60x 1.35x CN¥-27.27 Million
2001 10.16% 10.83% 0.60x 1.58x CN¥1.13 Million
2002 9.68% 10.02% 0.61x 1.59x CN¥-2.49 Million
2003 5.44% 9.25% 0.44x 1.32x CN¥-60.94 Million
2004 2.80% 4.87% 0.28x 2.02x CN¥-99.18 Million
2005 2.97% 2.86% 0.52x 2.02x CN¥-100.20 Million
2006 1.73% 1.91% 0.43x 2.10x CN¥-119.59 Million
2007 -8.45% -11.37% 0.30x 2.44x CN¥-247.02 Million
2008 1.27% 1.42% 0.30x 2.98x CN¥-118.35 Million
2009 0.92% 2.48% 0.12x 3.21x CN¥-124.15 Million
2010 -8.43% -18.68% 0.12x 3.70x CN¥-230.33 Million
2011 1.09% 1.64% 0.16x 4.12x CN¥-112.61 Million
2012 -6.22% -17.63% 0.07x 4.78x CN¥-192.02 Million
2013 2.84% 1.73% 0.33x 4.93x CN¥-87.13 Million
2014 -3.28% -4.12% 0.22x 3.63x CN¥-156.36 Million
2015 0.88% 7.07% 0.08x 1.50x CN¥-314.29 Million
2016 -3.32% -75.66% 0.04x 1.11x CN¥-727.32 Million
2017 2.70% 25.23% 0.07x 1.47x CN¥-989.84 Million
2018 4.05% 13.24% 0.18x 1.67x CN¥-881.35 Million
2019 6.68% 18.52% 0.20x 1.76x CN¥-534.37 Million
2020 -21.37% -66.62% 0.18x 1.83x CN¥-3.90 Billion
2021 2.99% 8.04% 0.17x 2.15x CN¥-855.54 Million
2022 18.51% 35.39% 0.28x 1.85x CN¥1.44 Billion
2023 12.91% 30.78% 0.25x 1.67x CN¥584.68 Million
2024 9.11% 25.54% 0.22x 1.59x CN¥-198.98 Million

Industry Comparison

This section compares Shandong Xinchao Energy Co Ltd's net assets metrics with peer companies in the Oil & Gas E&P industry.

Industry Context

  • Industry: Oil & Gas E&P
  • Average net assets among peers: $99,401,794,120
  • Average return on equity (ROE) among peers: 10.33%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shandong Xinchao Energy Co Ltd (600777) CN¥23.52 Billion 21.49% 0.53x $1.35 Billion
Shanxi Blue Flame Holding Co Ltd (000968) $4.42 Billion 12.61% 0.99x $522.36 Million
Oriental Energy Co Ltd (002221) $8.42 Billion 12.81% 2.18x $1.14 Billion
Geo-Jade Petroleum Corp (600759) $2.39 Billion 15.76% 1.43x $2.85 Billion
CNOOC Limited (600938) $382.37 Billion 0.17% 0.67x $97.85 Billion