Chongqing Gas Grp Corp Ltd (600917) - Net Assets

Latest as of June 2025: CN¥6.30 Billion CNY ≈ $921.72 Million USD

Based on the latest financial reports, Chongqing Gas Grp Corp Ltd (600917) has net assets worth CN¥6.30 Billion CNY (≈ $921.72 Million USD) 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 ≈ $1.60 Billion USD) and total liabilities (CN¥4.65 Billion ≈ $680.55 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 600917 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Chongqing Gas Grp Corp Ltd asset portfolio for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market value of Chongqing Gas Grp Corp Ltd.

Year	Net Assets	Change
2024-12-31	CN¥6.22 Billion ≈ $909.56 Million	+5.31%
2023-12-31	CN¥5.90 Billion ≈ $863.68 Million	+11.04%
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	--

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
Indian Energy Exchange Limited NSE:IEX	$1.20 Billion
Precision Drilling Corporation TO:PD	$1.20 Billion
Central Plains Environment Protection Co Ltd SHE:000544	$1.21 Billion
Zhejiang Chenfeng Science and Technology Co Ltd Class A SHG:603685	$1.21 Billion
Empresa Nacional de Telecomunicaciones SA SN:ENTEL	$1.20 Billion
Shaanxi Fenghuo Electronics Co Ltd SHE:000561	$1.20 Billion
Xinzhi Motor Co Ltd SHE:002664	$1.20 Billion
FARM FRESH BERHAD KLSE:5306	$1.20 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 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: 1.45x
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 2.17x to 1.45x 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¥5.27	x
2018-12-31	CN¥2.53	CN¥5.27	x
2019-12-31	CN¥2.70	CN¥5.27	x
2020-12-31	CN¥2.83	CN¥5.27	x
2021-12-31	CN¥3.03	CN¥5.27	x
2022-12-31	CN¥3.15	CN¥5.27	x
2023-12-31	CN¥3.43	CN¥5.27	x
2024-12-31	CN¥3.62	CN¥5.27	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: $1,825,651,419
Average return on equity (ROE) among peers: 7.90%

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	$1.20 Billion
Delong Composite Energy Group Co Ltd (000593)	$284.68 Million	0.20%	1.09x	$1.33 Billion
Xinjiang Haoyuan Natural Gas Co Ltd (002700)	$1.13 Billion	6.19%	0.18x	$420.06 Million
Foran Energy Group Co Ltd (002911)	$3.73 Billion	11.03%	0.89x	$2.32 Billion
Top Resource Conservation Engineering Co Ltd (300332)	$3.67 Billion	2.46%	1.27x	$727.92 Million
Sichuan Qiaoyuan Gas Co.Ltd (301286)	$1.56 Billion	7.51%	0.19x	$2.97 Billion
Changchun Gas Co Ltd (600333)	$1.31 Billion	5.73%	0.49x	$514.22 Million
Shanghai DaZhong Public Utilities Group Co Ltd (600635)	$1.12 Billion	10.71%	0.29x	$1.87 Billion
Bestsun Energy Co Ltd (600681)	$4.60 Billion	21.86%	0.93x	$796.61 Million
ENN Ecological Holdings Co Ltd (600803)	$356.30 Million	1.22%	1.38x	$9.18 Billion
Guizhou Gas Group Corporation Ltd Class A (600903)	$491.32 Million	12.14%	2.40x	$1.09 Billion

About Chongqing Gas Grp Corp Ltd

SHG:600917 China Utilities - Regulated Gas

Market Cap

$1.20 Billion

CN¥8.23 Billion CNY

Market Cap Rank

#8328 Global

#2134 in China

Share Price

CN¥5.27

Change (1 day)

-0.38%

52-Week Range

CN¥5.24 - CN¥6.42

All Time High

CN¥18.50