Shandong Xinchao Energy Co Ltd (600777) - Net Assets

Latest as of March 2026: CN¥22.18 Billion CNY ≈ $3.25 Billion USD

Based on the latest financial reports, Shandong Xinchao Energy Co Ltd (600777) has net assets worth CN¥22.18 Billion CNY (≈ $3.25 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¥34.48 Billion ≈ $5.05 Billion USD) and total liabilities (CN¥12.30 Billion ≈ $1.80 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. Also explore balance sheet size of Shandong Xinchao Energy Co Ltd for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥22.18 Billion
% of Total Assets	64.33%
Annual Growth Rate	20.44%
5-Year Change	89.39%
10-Year Change	323.53%
Growth Volatility	36.69

Shandong Xinchao Energy Co Ltd - Net Assets Trend (1993–2025)

This chart illustrates how Shandong Xinchao Energy Co Ltd's net assets have evolved over time, based on quarterly financial data. Check 600777 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Shandong Xinchao Energy Co Ltd (1993–2025)

The table below shows the annual net assets of Shandong Xinchao Energy Co Ltd from 1993 to 2025. For live valuation and market cap data, see Shandong Xinchao Energy Co Ltd (600777) total market value.

Year	Net Assets	Change
2025-12-31	CN¥23.12 Billion ≈ $3.38 Billion	+3.46%
2024-12-31	CN¥22.35 Billion ≈ $3.27 Billion	+11.12%
2023-12-31	CN¥20.11 Billion ≈ $2.94 Billion	+19.04%
2022-12-31	CN¥16.89 Billion ≈ $2.47 Billion	+38.39%
2021-12-31	CN¥12.21 Billion ≈ $1.79 Billion	-1.78%
2020-12-31	CN¥12.43 Billion ≈ $1.82 Billion	-22.90%
2019-12-31	CN¥16.12 Billion ≈ $2.36 Billion	+8.76%
2018-12-31	CN¥14.82 Billion ≈ $2.17 Billion	+9.27%
2017-12-31	CN¥13.56 Billion ≈ $1.98 Billion	+148.48%
2016-12-31	CN¥5.46 Billion ≈ $798.77 Million	+57.32%
2015-12-31	CN¥3.47 Billion ≈ $507.74 Million	+93.61%
2014-12-31	CN¥1.79 Billion ≈ $262.25 Million	-3.07%
2013-12-31	CN¥1.85 Billion ≈ $270.56 Million	+2.24%
2012-12-31	CN¥1.81 Billion ≈ $264.64 Million	-8.14%
2011-12-31	CN¥1.97 Billion ≈ $288.07 Million	+0.16%
2010-12-31	CN¥1.97 Billion ≈ $287.61 Million	-6.55%
2009-12-31	CN¥2.10 Billion ≈ $307.77 Million	+0.64%
2008-12-31	CN¥2.09 Billion ≈ $305.82 Million	+37.38%
2007-12-31	CN¥1.52 Billion ≈ $222.61 Million	-7.01%
2006-12-31	CN¥1.64 Billion ≈ $239.40 Million	+4.56%
2005-12-31	CN¥1.56 Billion ≈ $228.97 Million	+4.52%
2004-12-31	CN¥1.50 Billion ≈ $219.06 Million	+5.28%
2003-12-31	CN¥1.42 Billion ≈ $208.06 Million	+67.81%
2002-12-31	CN¥847.31 Million ≈ $123.99 Million	+9.64%
2001-12-31	CN¥772.79 Million ≈ $113.08 Million	-2.34%
2000-12-31	CN¥791.30 Million ≈ $115.79 Million	+41.53%
1999-12-31	CN¥559.12 Million ≈ $81.82 Million	+79.72%
1998-12-31	CN¥311.11 Million ≈ $45.52 Million	+86.29%
1997-12-31	CN¥167.00 Million ≈ $24.44 Million	+28.40%
1996-12-31	CN¥130.06 Million ≈ $19.03 Million	+20.96%
1995-12-31	CN¥107.53 Million ≈ $15.73 Million	+17.45%
1994-12-31	CN¥91.56 Million ≈ $13.40 Million	+52.33%
1993-12-31	CN¥60.11 Million ≈ $8.80 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 13045373.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥8.54 Billion	36.93%
Other Components	CN¥14.58 Billion	63.07%
Total Equity	CN¥23.12 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
Mirion Technologies Inc NYSE:MIR	$3.98 Billion
Beijing Oriental Yuhong Waterproof Technology Co Ltd SHE:002271	$3.98 Billion
Camurus AB ST:CAMX	$3.98 Billion
Soitec SA PA:SOI	$3.99 Billion
Vontobel Holding SW:VONN	$3.98 Billion
TRI Pointe Homes Inc NYSE:TPH	$3.98 Billion
Ypsomed Holding AG SW:YPSN	$3.97 Billion
KRONES AG(UNSP.ADR)1/2/ON F:KRNU	$3.97 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 2024 to 2025, total equity changed from 22,345,637,436 to 23,118,747,687, a change of 773,110,251 (3.5%).
Net income of 1,207,215,281 contributed positively to equity growth.
Dividend payments of 492,193,778 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥1.21 Billion	+5.22%
Dividends Paid	CN¥492.19 Million	-2.13%
Other Changes	CN¥58.09 Million	+0.25%
Total Change	CN¥-	3.46%

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: 1.18x
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 105.51x to 1.18x 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¥4.00	x
1994-12-31	CN¥0.06	CN¥4.00	x
1995-12-31	CN¥0.07	CN¥4.00	x
1996-12-31	CN¥0.08	CN¥4.00	x
1997-12-31	CN¥0.11	CN¥4.00	x
1998-12-31	CN¥0.18	CN¥4.00	x
1999-12-31	CN¥0.33	CN¥4.00	x
2000-12-31	CN¥0.46	CN¥4.00	x
2001-12-31	CN¥0.45	CN¥4.00	x
2002-12-31	CN¥0.49	CN¥4.00	x
2003-12-31	CN¥0.84	CN¥4.00	x
2004-12-31	CN¥0.87	CN¥4.00	x
2005-12-31	CN¥0.90	CN¥4.00	x
2006-12-31	CN¥0.91	CN¥4.00	x
2007-12-31	CN¥0.56	CN¥4.00	x
2008-12-31	CN¥0.62	CN¥4.00	x
2009-12-31	CN¥0.57	CN¥4.00	x
2010-12-31	CN¥0.53	CN¥4.00	x
2011-12-31	CN¥0.48	CN¥4.00	x
2012-12-31	CN¥0.51	CN¥4.00	x
2013-12-31	CN¥0.56	CN¥4.00	x
2014-12-31	CN¥0.48	CN¥4.00	x
2015-12-31	CN¥1.13	CN¥4.00	x
2016-12-31	CN¥1.50	CN¥4.00	x
2017-12-31	CN¥2.61	CN¥4.00	x
2018-12-31	CN¥2.18	CN¥4.00	x
2019-12-31	CN¥2.37	CN¥4.00	x
2020-12-31	CN¥1.83	CN¥4.00	x
2021-12-31	CN¥1.80	CN¥4.00	x
2022-12-31	CN¥2.48	CN¥4.00	x
2023-12-31	CN¥2.96	CN¥4.00	x
2024-12-31	CN¥3.29	CN¥4.00	x
2025-12-31	CN¥3.40	CN¥4.00	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): 5.22%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 16.60%
• Asset Turnover: 0.21x
• Equity Multiplier: 1.52x
Recent ROE (5.22%) is below the historical average (5.31%), 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	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
2025	5.22%	16.60%	0.21x	1.52x	CN¥-1.10 Billion

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: $5,951,239,514
Average return on equity (ROE) among peers: 0.98%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shandong Xinchao Energy Co Ltd (600777)	CN¥22.18 Billion	21.49%	0.55x	$3.98 Billion
Shanxi Blue Flame Holding Co Ltd (000968)	$4.03 Billion	5.13%	0.89x	$952.81 Million
Oriental Energy Co Ltd (002221)	$11.75 Billion	-7.83%	2.60x	$1.22 Billion
Geo-Jade Petroleum Corp (600759)	$2.08 Billion	5.65%	1.46x	$1.54 Billion

About Shandong Xinchao Energy Co Ltd

SHG:600777 China Oil & Gas E&P

Market Cap

$3.98 Billion

CN¥27.20 Billion CNY

Market Cap Rank

#4106 Global

#607 in China

Share Price

CN¥4.00

Change (1 day)

-3.85%

52-Week Range

CN¥3.51 - CN¥6.16

All Time High

CN¥6.16