Chongqing Gas Grp Corp Ltd (600917) - Net Assets
Based on the latest financial reports, Chongqing Gas Grp Corp Ltd (600917) has net assets worth CN¥6.45 Billion CNY (≈ $943.33 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¥11.10 Billion ≈ $1.62 Billion USD) and total liabilities (CN¥4.66 Billion ≈ $681.67 Million 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. Check asset allocation strategy of Chongqing Gas Grp Corp Ltd to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥6.45 Billion |
| % of Total Assets | 58.05% |
| Annual Growth Rate | 6.0% |
| 5-Year Change | 26.49% |
| 10-Year Change | 61.82% |
| Growth Volatility | 4.23 |
Chongqing Gas Grp Corp Ltd - Net Assets Trend (2009–2025)
This chart illustrates how Chongqing Gas Grp Corp Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Chongqing Gas Grp Corp Ltd.
Annual Net Assets for Chongqing Gas Grp Corp Ltd (2009–2025)
The table below shows the annual net assets of Chongqing Gas Grp Corp Ltd from 2009 to 2025. Also explore how fast is Chongqing Gas Grp Corp Ltd growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥6.47 Billion ≈ $946.70 Million |
+4.08% |
| 2024-12-31 | CN¥6.22 Billion ≈ $909.56 Million |
+7.47% |
| 2023-12-31 | CN¥5.78 Billion ≈ $846.33 Million |
+8.81% |
| 2022-12-31 | CN¥5.32 Billion ≈ $777.78 Million |
+3.92% |
| 2021-12-31 | CN¥5.11 Billion ≈ $748.46 Million |
+6.30% |
| 2020-12-31 | CN¥4.81 Billion ≈ $704.11 Million |
+4.47% |
| 2019-12-31 | CN¥4.61 Billion ≈ $673.96 Million |
+6.67% |
| 2018-12-31 | CN¥4.32 Billion ≈ $631.80 Million |
+3.95% |
| 2017-12-31 | CN¥4.15 Billion ≈ $607.82 Million |
+3.90% |
| 2016-12-31 | CN¥4.00 Billion ≈ $585.03 Million |
+6.43% |
| 2015-12-31 | CN¥3.76 Billion ≈ $549.70 Million |
+5.40% |
| 2014-12-31 | CN¥3.56 Billion ≈ $521.53 Million |
+19.80% |
| 2013-12-31 | CN¥2.97 Billion ≈ $435.32 Million |
+8.44% |
| 2012-12-31 | CN¥2.74 Billion ≈ $401.45 Million |
+3.90% |
| 2011-12-31 | CN¥2.64 Billion ≈ $386.36 Million |
+5.18% |
| 2010-12-31 | CN¥2.51 Billion ≈ $367.35 Million |
-1.39% |
| 2009-12-31 | CN¥2.55 Billion ≈ $372.54 Million |
-- |
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 1905.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.53 Billion | 43.71% |
| Other Components | CN¥3.26 Billion | 56.29% |
| Total Equity | CN¥5.80 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 |
|---|---|
|
PolEnergia S.A.
WAR:PEP
|
$1.12 Billion |
|
Reysas Tasimacilik ve Lojistik Ticaret AS
IS:RYSAS
|
$1.12 Billion |
|
Certara Inc
NASDAQ:CERT
|
$1.12 Billion |
|
Guangxi Radio and Television Information Network Corp Ltd
SHG:600936
|
$1.12 Billion |
|
Huafon Microfibre Shanghai Co
SHE:300180
|
$1.12 Billion |
|
PROS Holdings Inc
NYSE:PRO
|
$1.12 Billion |
|
Stevanato Group SpA
NYSE:STVN
|
$1.12 Billion |
|
Nusantara Sawit Sejahtera
JK:NSSS
|
$1.12 Billion |
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 2024 to 2025, total equity changed from 5,694,645,937 to 5,798,279,090, a change of 103,633,153 (1.8%).
- Net income of 210,575,256 contributed positively to equity growth.
- Dividend payments of 153,767,363 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥210.58 Million | +3.63% |
| Dividends Paid | CN¥153.77 Million | -2.65% |
| Other Changes | CN¥46.83 Million | +0.81% |
| Total Change | CN¥- | 1.82% |
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: 1.32x
- 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 1.87x to 1.32x 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¥2.64 | CN¥4.92 | x |
| 2010-12-31 | CN¥1.93 | CN¥4.92 | x |
| 2011-12-31 | CN¥1.71 | CN¥4.92 | x |
| 2012-12-31 | CN¥1.77 | CN¥4.92 | x |
| 2013-12-31 | CN¥1.91 | CN¥4.92 | x |
| 2014-12-31 | CN¥2.29 | CN¥4.92 | x |
| 2015-12-31 | CN¥2.23 | CN¥4.92 | x |
| 2016-12-31 | CN¥2.34 | CN¥4.92 | x |
| 2017-12-31 | CN¥2.40 | CN¥4.92 | x |
| 2018-12-31 | CN¥2.49 | CN¥4.92 | x |
| 2019-12-31 | CN¥2.72 | CN¥4.92 | x |
| 2020-12-31 | CN¥2.84 | CN¥4.92 | x |
| 2021-12-31 | CN¥3.02 | CN¥4.92 | x |
| 2022-12-31 | CN¥3.17 | CN¥4.92 | x |
| 2023-12-31 | CN¥3.46 | CN¥4.92 | x |
| 2024-12-31 | CN¥3.72 | CN¥4.92 | x |
| 2025-12-31 | CN¥3.71 | CN¥4.92 | 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): 3.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.04%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 1.90x
- Recent ROE (3.63%) is below the historical average (9.42%), 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 | 11.75% | 8.97% | 0.60x | 2.18x | CN¥41.31 Million |
| 2010 | 9.82% | 6.16% | 0.75x | 2.13x | CN¥-4.11 Million |
| 2011 | 11.66% | 6.51% | 0.83x | 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% | 6.28% | 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 | 8.08% | 4.61% | 0.85x | 2.05x | CN¥-94.93 Million |
| 2023 | 9.26% | 4.86% | 0.99x | 1.92x | CN¥-40.02 Million |
| 2024 | 6.72% | 3.77% | 0.92x | 1.94x | CN¥-186.76 Million |
| 2025 | 3.63% | 2.04% | 0.93x | 1.90x | CN¥-369.25 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: $8,810,146,082
- Average return on equity (ROE) among peers: 5.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chongqing Gas Grp Corp Ltd (600917) | CN¥6.45 Billion | 11.75% | 0.72x | $1.12 Billion |
| Delong Composite Energy Group Co Ltd (000593) | $311.07 Million | 3.92% | 0.75x | $1.12 Billion |
| Xinjiang Haoyuan Natural Gas Co Ltd (002700) | $710.14 Million | 10.98% | 0.33x | $384.35 Million |
| Foran Energy Group Co Ltd (002911) | $10.16 Billion | 9.85% | 0.97x | $2.16 Billion |
| Top Resource Conservation Engineering Co Ltd (300332) | $3.54 Billion | 1.33% | 1.22x | $610.29 Million |
| Sichuan Qiaoyuan Gas Co.Ltd (301286) | $1.72 Billion | 11.77% | 0.16x | $2.53 Billion |
| Changchun Gas Co Ltd (600333) | $1.93 Billion | 1.04% | 1.28x | $583.74 Million |
| Shanghai DaZhong Public Utilities Group Co Ltd (600635) | $6.84 Billion | 6.75% | 1.12x | $1.62 Billion |
| Bestsun Energy Co Ltd (600681) | $-452.05 Million | 0.00% | 0.00x | $684.77 Million |
| ENN Ecological Holdings Co Ltd (600803) | $60.54 Billion | 7.42% | 1.19x | $8.53 Billion |
| Guizhou Gas Group Corporation Ltd Class A (600903) | $2.81 Billion | 6.11% | 1.92x | $1.17 Billion |
About Chongqing Gas Grp Corp Ltd
Chongqing Gas Group Corporation Ltd. engages in the supply, transmission, storage, distribution, and sale of natural gas in China and internationally. The company engages in the installation and maintenance of gas-fired appliances; food business; and design, manufacturing, installation, and maintenance of natural gas pipeline network facilities and equipment, as well as provision of natural gas c… Read more