Guizhou Gas Group Corporation Ltd Class A (600903) - Net Assets
Based on the latest financial reports, Guizhou Gas Group Corporation Ltd Class A (600903) has net assets worth CN¥4.22 Billion CNY (≈ $617.89 Million 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¥12.03 Billion ≈ $1.76 Billion USD) and total liabilities (CN¥7.81 Billion ≈ $1.14 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 Guizhou Gas Group Corporation Ltd Class (600903) total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.22 Billion |
| % of Total Assets | 35.09% |
| Annual Growth Rate | 16.57% |
| 5-Year Change | 8.64% |
| 10-Year Change | 52.66% |
| Growth Volatility | 28.82 |
Guizhou Gas Group Corporation Ltd Class A - Net Assets Trend (2009–2025)
This chart illustrates how Guizhou Gas Group Corporation Ltd Class A's net assets have evolved over time, based on quarterly financial data. Check Guizhou Gas Group Corporation Ltd Class tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Guizhou Gas Group Corporation Ltd Class A (2009–2025)
The table below shows the annual net assets of Guizhou Gas Group Corporation Ltd Class A from 2009 to 2025. For live valuation and market cap data, see Guizhou Gas Group Corporation Ltd Class (600903) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥4.09 Billion ≈ $598.91 Million |
+0.46% |
| 2024-12-31 | CN¥4.07 Billion ≈ $596.15 Million |
+0.84% |
| 2023-12-31 | CN¥4.04 Billion ≈ $591.21 Million |
+9.34% |
| 2022-12-31 | CN¥3.70 Billion ≈ $540.70 Million |
-1.92% |
| 2021-12-31 | CN¥3.77 Billion ≈ $551.28 Million |
+11.41% |
| 2020-12-31 | CN¥3.38 Billion ≈ $494.82 Million |
+3.81% |
| 2019-12-31 | CN¥3.26 Billion ≈ $476.68 Million |
+16.00% |
| 2018-12-31 | CN¥2.81 Billion ≈ $410.93 Million |
-1.28% |
| 2017-12-31 | CN¥2.84 Billion ≈ $416.26 Million |
+6.10% |
| 2016-12-31 | CN¥2.68 Billion ≈ $392.32 Million |
+82.50% |
| 2015-12-31 | CN¥1.47 Billion ≈ $214.97 Million |
+102.53% |
| 2014-12-31 | CN¥725.37 Million ≈ $106.14 Million |
+21.07% |
| 2013-12-31 | CN¥599.12 Million ≈ $87.67 Million |
+6.50% |
| 2012-12-31 | CN¥562.58 Million ≈ $82.32 Million |
+14.50% |
| 2011-12-31 | CN¥491.32 Million ≈ $71.90 Million |
+15.29% |
| 2010-12-31 | CN¥426.16 Million ≈ $62.36 Million |
+21.02% |
| 2009-12-31 | CN¥352.12 Million ≈ $51.53 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Guizhou Gas Group Corporation Ltd Class A'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 1348.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.36 Billion | 43.70% |
| Other Components | CN¥1.76 Billion | 56.30% |
| Total Equity | CN¥3.12 Billion | 100.00% |
Guizhou Gas Group Corporation Ltd Class A Competitors by Market Cap
The table below lists competitors of Guizhou Gas Group Corporation Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Truworths International Ltd
JSE:TRU
|
$1.05 Billion |
|
Hapvida Participações e Investimentos S.A.
SA:HAPV3
|
$1.05 Billion |
|
eXp World Holdings Inc
NASDAQ:EXPI
|
$1.05 Billion |
|
Orezone Gold Corporation
AU:ORE
|
$1.05 Billion |
|
LianChuang Electronic Technology Co Ltd
SHE:002036
|
$1.05 Billion |
|
Dorian LPG Ltd
NYSE:LPG
|
$1.05 Billion |
|
Wuxi Xinhongye Wire & Cable Co. Ltd. A
SHE:301310
|
$1.05 Billion |
|
FAWER Automotive Parts Ltd Co
SHE:000030
|
$1.05 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guizhou Gas Group Corporation Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,127,941,196 to 3,119,346,329, a change of -8,594,867 (-0.3%).
- Net income of 47,127,561 contributed positively to equity growth.
- Dividend payments of 226,649,617 reduced retained earnings.
- Other comprehensive income decreased equity by 363,020,314.
- Other factors increased equity by 533,947,503.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥47.13 Million | +1.51% |
| Dividends Paid | CN¥226.65 Million | -7.27% |
| Other Comprehensive Income | CN¥-363.02 Million | -11.64% |
| Other Changes | CN¥533.95 Million | +17.12% |
| Total Change | CN¥- | -0.27% |
Book Value vs Market Value Analysis
This analysis compares Guizhou Gas Group Corporation Ltd Class A'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: 2.27x
- 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 21.33x to 2.27x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.29 | CN¥6.17 | x |
| 2010-12-31 | CN¥0.35 | CN¥6.17 | x |
| 2011-12-31 | CN¥0.40 | CN¥6.17 | x |
| 2012-12-31 | CN¥0.45 | CN¥6.17 | x |
| 2013-12-31 | CN¥0.43 | CN¥6.17 | x |
| 2014-12-31 | CN¥0.52 | CN¥6.17 | x |
| 2015-12-31 | CN¥1.15 | CN¥6.17 | x |
| 2016-12-31 | CN¥2.43 | CN¥6.17 | x |
| 2017-12-31 | CN¥2.46 | CN¥6.17 | x |
| 2018-12-31 | CN¥2.03 | CN¥6.17 | x |
| 2019-12-31 | CN¥2.43 | CN¥6.17 | x |
| 2020-12-31 | CN¥2.48 | CN¥6.17 | x |
| 2021-12-31 | CN¥2.66 | CN¥6.17 | x |
| 2022-12-31 | CN¥2.58 | CN¥6.17 | x |
| 2023-12-31 | CN¥2.81 | CN¥6.17 | x |
| 2024-12-31 | CN¥2.50 | CN¥6.17 | x |
| 2025-12-31 | CN¥2.71 | CN¥6.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guizhou Gas Group Corporation Ltd Class A 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): 1.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.71%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 3.80x
- Recent ROE (1.51%) is below the historical average (6.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 10.26% | 7.52% | 0.38x | 3.58x | CN¥838.26K |
| 2010 | 16.61% | 13.37% | 0.36x | 3.46x | CN¥26.23 Million |
| 2011 | 13.30% | 6.74% | 0.53x | 3.72x | CN¥14.79 Million |
| 2012 | 12.74% | 4.88% | 0.56x | 4.68x | CN¥13.88 Million |
| 2013 | 7.80% | 2.03% | 0.51x | 7.48x | CN¥-10.53 Million |
| 2014 | 6.84% | 1.80% | 0.42x | 9.01x | CN¥-15.98 Million |
| 2015 | 4.35% | 2.23% | 0.35x | 5.56x | CN¥-59.43 Million |
| 2016 | 4.42% | 4.39% | 0.30x | 3.37x | CN¥-125.85 Million |
| 2017 | 5.82% | 4.94% | 0.36x | 3.25x | CN¥-98.82 Million |
| 2018 | 7.40% | 4.76% | 0.44x | 3.53x | CN¥-60.34 Million |
| 2019 | 6.88% | 4.67% | 0.44x | 3.32x | CN¥-86.42 Million |
| 2020 | 7.32% | 4.86% | 0.46x | 3.26x | CN¥-75.74 Million |
| 2021 | 5.82% | 3.47% | 0.51x | 3.32x | CN¥-126.79 Million |
| 2022 | 0.87% | 0.41% | 0.60x | 3.51x | CN¥-268.35 Million |
| 2023 | 2.49% | 1.28% | 0.57x | 3.44x | CN¥-235.48 Million |
| 2024 | 2.00% | 0.94% | 0.59x | 3.64x | CN¥-250.28 Million |
| 2025 | 1.51% | 0.71% | 0.56x | 3.80x | CN¥-264.81 Million |
Industry Comparison
This section compares Guizhou Gas Group Corporation Ltd Class A's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $2,714,389,062
- Average return on equity (ROE) among peers: 10.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guizhou Gas Group Corporation Ltd Class A (600903) | CN¥4.22 Billion | 10.26% | 1.85x | $1.05 Billion |
| Delong Composite Energy Group Co Ltd (000593) | $282.74 Million | 2.11% | 1.40x | $887.94 Million |
| Xinjiang Haoyuan Natural Gas Co Ltd (002700) | $657.44 Million | 12.51% | 0.16x | $346.82 Million |
| Foran Energy Group Co Ltd (002911) | $9.45 Billion | 9.03% | 1.04x | $2.16 Billion |
| Top Resource Conservation Engineering Co Ltd (300332) | $3.65 Billion | 1.53% | 1.33x | $583.00 Million |
| Sichuan Qiaoyuan Gas Co.Ltd (301286) | $1.75 Billion | 8.51% | 0.14x | $2.08 Billion |
| Changchun Gas Co Ltd (600333) | $243.18 Million | 7.90% | 1.24x | $514.22 Million |
| Shanghai DaZhong Public Utilities Group Co Ltd (600635) | $292.62 Million | 13.76% | 0.16x | $1.68 Billion |
| Bestsun Energy Co Ltd (600681) | $3.92 Billion | 21.91% | 0.80x | $678.88 Million |
| ENN Ecological Holdings Co Ltd (600803) | $4.19 Billion | 16.94% | 1.05x | $8.06 Billion |
About Guizhou Gas Group Corporation Ltd Class A
Guizhou Gas Group Corporation Ltd. operates as a city gas and energy supply services provider in China. The company engages in the sale of gas; construction, operation, and service management of natural gas branch pipelines, urban gas transmission and distribution systems, liquefied natural gas receiving, storage, and supply stations, and gas stations, as well as related engineering design, const… Read more