Chongqing Gas Grp Corp Ltd
Chongqing Gas Group Corporation Ltd. engages in the natural gas operation business in China and internationally. The company offers urban gas storage, transmission, distribution, and sales, as well as the design, manufacturing, installation, and maintenance of natural gas pipeline facilities and equipment. The company is developing integrated energy businesses, such as natural gas distributed ene… Read more
Chongqing Gas Grp Corp Ltd (600917) - Net Assets
Latest net assets as of June 2025: CN¥6.30 Billion CNY
Based on the latest financial reports, Chongqing Gas Grp Corp Ltd (600917) has net assets worth CN¥6.30 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥10.95 Billion) and total liabilities (CN¥4.65 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¥6.30 Billion |
| % of Total Assets | 57.53% |
| Annual Growth Rate | 6.81% |
| 5-Year Change | 29.18% |
| 10-Year Change | 65.47% |
| Growth Volatility | 4.23 |
Chongqing Gas Grp Corp Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Chongqing Gas Grp Corp 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 Chongqing Gas Grp Corp Ltd (2011–2024)
The table below shows the annual net assets of Chongqing Gas Grp Corp Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.22 Billion | +5.31% |
| 2023-12-31 | CN¥5.90 Billion | +11.04% |
| 2022-12-31 | CN¥5.32 Billion | +3.92% |
| 2021-12-31 | CN¥5.11 Billion | +6.30% |
| 2020-12-31 | CN¥4.81 Billion | +4.47% |
| 2019-12-31 | CN¥4.61 Billion | +6.67% |
| 2018-12-31 | CN¥4.32 Billion | +3.95% |
| 2017-12-31 | CN¥4.15 Billion | +3.90% |
| 2016-12-31 | CN¥4.00 Billion | +6.43% |
| 2015-12-31 | CN¥3.76 Billion | +5.40% |
| 2014-12-31 | CN¥3.56 Billion | +19.80% |
| 2013-12-31 | CN¥2.97 Billion | +8.44% |
| 2012-12-31 | CN¥2.74 Billion | +3.90% |
| 2011-12-31 | CN¥2.64 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Chongqing Gas Grp Corp 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 923.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.49 Billion | 43.72% |
| Other Components | CN¥3.20 Billion | 56.28% |
| Total Equity | CN¥5.69 Billion | 100.00% |
Chongqing Gas Grp Corp Ltd Competitors by Market Cap
The table below lists competitors of Chongqing Gas Grp Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TeamViewer SE
LSE:0A36
|
$635.43 Million |
|
Xiamen Intretech Inc Class A
SHE:002925
|
$635.66 Million |
|
Driven Brands Holdings Inc
NASDAQ:DRVN
|
$635.67 Million |
|
HANA Micron Inc
KQ:067310
|
$635.97 Million |
|
EMTEK (Shenzhen) Co. Ltd.
SHE:300938
|
$634.98 Million |
|
TRUWORTHS INTL RC-00015
F:IUE
|
$634.97 Million |
|
RaySearch Laboratories AB (publ)
PINK:RSLBF
|
$634.88 Million |
|
Nanjing Xinlian Electronics Co Ltd
SHE:002546
|
$634.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chongqing Gas Grp Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,385,279,009 to 5,694,645,937, a change of 309,366,928 (5.7%).
- Net income of 382,706,289 contributed positively to equity growth.
- Dividend payments of 207,589,229 reduced retained earnings.
- Other factors increased equity by 134,249,869.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥382.71 Million | +6.72% |
| Dividends Paid | CN¥207.59 Million | -3.65% |
| Other Changes | CN¥134.25 Million | +2.36% |
| Total Change | CN¥- | 5.74% |
Book Value vs Market Value Analysis
This analysis compares Chongqing Gas Grp Corp 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: 1.58x
- 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 2.36x to 1.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥2.43 | CN¥5.73 | x |
| 2018-12-31 | CN¥2.53 | CN¥5.73 | x |
| 2019-12-31 | CN¥2.70 | CN¥5.73 | x |
| 2020-12-31 | CN¥2.83 | CN¥5.73 | x |
| 2021-12-31 | CN¥3.03 | CN¥5.73 | x |
| 2022-12-31 | CN¥3.15 | CN¥5.73 | x |
| 2023-12-31 | CN¥3.43 | CN¥5.73 | x |
| 2024-12-31 | CN¥3.62 | CN¥5.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chongqing Gas Grp Corp 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): 6.72%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.77%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 1.94x
- Recent ROE (6.72%) is below the historical average (9.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 11.66% | 6.45% | 0.84x | 2.16x | CN¥40.03 Million |
| 2012 | 10.18% | 4.67% | 0.93x | 2.34x | CN¥4.52 Million |
| 2013 | 11.02% | 5.06% | 0.95x | 2.30x | CN¥27.77 Million |
| 2014 | 10.92% | 6.31% | 0.79x | 2.19x | CN¥30.20 Million |
| 2015 | 10.78% | 6.33% | 0.75x | 2.27x | CN¥27.08 Million |
| 2016 | 10.24% | 6.76% | 0.68x | 2.23x | CN¥8.73 Million |
| 2017 | 9.60% | 6.36% | 0.69x | 2.18x | CN¥-15.15 Million |
| 2018 | 8.84% | 5.46% | 0.76x | 2.12x | CN¥-45.49 Million |
| 2019 | 9.57% | 5.72% | 0.82x | 2.05x | CN¥-18.06 Million |
| 2020 | 8.46% | 5.52% | 0.75x | 2.04x | CN¥-68.45 Million |
| 2021 | 9.60% | 5.84% | 0.86x | 1.91x | CN¥-19.08 Million |
| 2022 | 8.12% | 4.60% | 0.86x | 2.05x | CN¥-92.83 Million |
| 2023 | 9.26% | 4.86% | 0.97x | 1.96x | CN¥-40.02 Million |
| 2024 | 6.72% | 3.77% | 0.92x | 1.94x | CN¥-186.76 Million |
Industry Comparison
This section compares Chongqing Gas Grp Corp 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: $7,158,557,425
- Average return on equity (ROE) among peers: 8.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chongqing Gas Grp Corp Ltd (600917) | CN¥6.30 Billion | 11.66% | 0.74x | $635.06 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 |
| Bestsun Energy Co Ltd (600681) | $-593.14 Million | 0.00% | 0.00x | $86.89 Million |
| ENN Ecological Holdings Co Ltd (600803) | $60.54 Billion | 7.42% | 1.19x | $2.55 Billion |