CNOOC Energy Technology & Services Ltd (600968) - Net Assets
Based on the latest financial reports, CNOOC Energy Technology & Services Ltd (600968) has net assets worth CN¥30.74 Billion CNY (≈ $4.50 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¥48.72 Billion ≈ $7.13 Billion USD) and total liabilities (CN¥17.98 Billion ≈ $2.63 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. Check CNOOC Energy Technology & Services Ltd (600968) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥30.74 Billion |
| % of Total Assets | 63.1% |
| Annual Growth Rate | 5.59% |
| 5-Year Change | 44.6% |
| 10-Year Change | 132.52% |
| Growth Volatility | 13.15 |
CNOOC Energy Technology & Services Ltd - Net Assets Trend (2013–2025)
This chart illustrates how CNOOC Energy Technology & Services Ltd's net assets have evolved over time, based on quarterly financial data. See 600968 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for CNOOC Energy Technology & Services Ltd (2013–2025)
The table below shows the annual net assets of CNOOC Energy Technology & Services Ltd from 2013 to 2025. For live valuation and market cap data, see 600968 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥30.39 Billion ≈ $4.45 Billion |
+9.07% |
| 2024-12-31 | CN¥27.86 Billion ≈ $4.08 Billion |
+10.11% |
| 2023-12-31 | CN¥25.30 Billion ≈ $3.70 Billion |
+9.83% |
| 2022-12-31 | CN¥23.04 Billion ≈ $3.37 Billion |
+9.62% |
| 2021-12-31 | CN¥21.02 Billion ≈ $3.08 Billion |
+4.18% |
| 2020-12-31 | CN¥20.17 Billion ≈ $2.95 Billion |
+6.22% |
| 2019-12-31 | CN¥18.99 Billion ≈ $2.78 Billion |
+36.26% |
| 2018-12-31 | CN¥13.94 Billion ≈ $2.04 Billion |
+5.46% |
| 2017-12-31 | CN¥13.22 Billion ≈ $1.93 Billion |
+1.12% |
| 2016-12-31 | CN¥13.07 Billion ≈ $1.91 Billion |
-6.65% |
| 2015-12-31 | CN¥14.00 Billion ≈ $2.05 Billion |
-22.98% |
| 2014-12-31 | CN¥18.18 Billion ≈ $2.66 Billion |
+14.88% |
| 2013-12-31 | CN¥15.82 Billion ≈ $2.32 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to CNOOC Energy Technology & Services 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 73.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥15.36 Billion | 51.92% |
| Common Stock | CN¥10.17 Billion | 34.37% |
| Other Comprehensive Income | CN¥2.08 Billion | 7.03% |
| Other Components | CN¥1.98 Billion | 6.68% |
| Total Equity | CN¥29.58 Billion | 100.00% |
CNOOC Energy Technology & Services Ltd Competitors by Market Cap
The table below lists competitors of CNOOC Energy Technology & Services Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BRF S.A
SA:BRFS3
|
$5.61 Billion |
|
Kite Realty Group Trust
NYSE:KRG
|
$5.61 Billion |
|
Celanese Corporation
NYSE:CE
|
$5.61 Billion |
|
Renk Group AG
XETRA:R3NK
|
$5.61 Billion |
|
Hyundai Motor Co Pref
KO:005387
|
$5.61 Billion |
|
Cogent Biosciences Inc
NASDAQ:COGT
|
$5.61 Billion |
|
Taylor Morn Home
NYSE:TMHC
|
$5.61 Billion |
|
Amdocs Limited
F:AOS
|
$5.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CNOOC Energy Technology & Services Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 27,162,818,706 to 29,575,501,000, a change of 2,412,682,294 (8.9%).
- Net income of 3,884,332,000 contributed positively to equity growth.
- Dividend payments of 1,372,289,067 reduced retained earnings.
- Other comprehensive income increased equity by 112,032,348.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥3.88 Billion | +13.13% |
| Dividends Paid | CN¥1.37 Billion | -4.64% |
| Other Comprehensive Income | CN¥112.03 Million | +0.38% |
| Other Changes | CN¥-211.39 Million | -0.71% |
| Total Change | CN¥- | 8.88% |
Book Value vs Market Value Analysis
This analysis compares CNOOC Energy Technology & Services 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: 1.30x
- 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 1.48x to 1.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥2.56 | CN¥3.77 | x |
| 2014-12-31 | CN¥2.94 | CN¥3.77 | x |
| 2015-12-31 | CN¥2.25 | CN¥3.77 | x |
| 2016-12-31 | CN¥1.52 | CN¥3.77 | x |
| 2017-12-31 | CN¥1.54 | CN¥3.77 | x |
| 2018-12-31 | CN¥1.63 | CN¥3.77 | x |
| 2019-12-31 | CN¥1.82 | CN¥3.77 | x |
| 2020-12-31 | CN¥1.92 | CN¥3.77 | x |
| 2021-12-31 | CN¥2.00 | CN¥3.77 | x |
| 2022-12-31 | CN¥2.20 | CN¥3.77 | x |
| 2023-12-31 | CN¥2.40 | CN¥3.77 | x |
| 2024-12-31 | CN¥2.67 | CN¥3.77 | x |
| 2025-12-31 | CN¥2.91 | CN¥3.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CNOOC Energy Technology & Services 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): 13.13%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.73%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 1.74x
- Recent ROE (13.13%) is above the historical average (10.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 12.57% | 5.62% | 1.08x | 2.08x | CN¥393.46 Million |
| 2014 | 12.07% | 6.17% | 0.97x | 2.02x | CN¥365.98 Million |
| 2015 | 13.21% | 6.57% | 0.92x | 2.18x | CN¥434.16 Million |
| 2016 | 4.94% | 3.21% | 0.71x | 2.18x | CN¥-636.84 Million |
| 2017 | 9.24% | 4.97% | 0.88x | 2.10x | CN¥-97.27 Million |
| 2018 | 7.88% | 3.68% | 1.04x | 2.05x | CN¥-286.43 Million |
| 2019 | 6.67% | 3.68% | 1.13x | 1.61x | CN¥-615.01 Million |
| 2020 | 7.80% | 4.58% | 1.02x | 1.67x | CN¥-428.54 Million |
| 2021 | 6.32% | 3.31% | 1.09x | 1.76x | CN¥-746.55 Million |
| 2022 | 10.82% | 5.06% | 1.17x | 1.82x | CN¥183.48 Million |
| 2023 | 12.51% | 6.25% | 1.10x | 1.82x | CN¥618.38 Million |
| 2024 | 13.46% | 6.96% | 1.06x | 1.82x | CN¥939.77 Million |
| 2025 | 13.13% | 7.73% | 0.98x | 1.74x | CN¥926.78 Million |
Industry Comparison
This section compares CNOOC Energy Technology & Services Ltd's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $1,810,102,469
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CNOOC Energy Technology & Services Ltd (600968) | CN¥30.74 Billion | 12.57% | 0.58x | $5.61 Billion |
| Sinopec Oilfield Equipment Corp (000852) | $1.96 Billion | 1.56% | 3.18x | $776.38 Million |
| Xinjiang Zhundong Petroleum (002207) | $370.64 Million | 3.06% | 0.82x | $265.74 Million |
| Yantai Jereh Oilfield Services Group Co Ltd (002353) | $8.14 Billion | 14.74% | 0.37x | $24.60 Billion |
| Shandong Molong Petroleum Machinery Co Ltd (002490) | $2.01 Billion | 4.59% | 2.28x | $557.27 Million |
| China Oil HBP Science & Technology Co Ltd (002554) | $276.58 Million | 24.18% | 0.69x | $630.38 Million |
| Zhejiang Renzhi Co Ltd (002629) | $237.15 Million | 25.41% | 1.03x | $288.69 Million |
| Lanzhou Haimo Technologies Co (300084) | $619.92 Million | 2.73% | 0.04x | $947.55 Million |
| LandOcean Energy Services Co (300157) | $1.28 Billion | -94.19% | 1.70x | $446.82 Million |
| Tong Oil Tools (300164) | $2.01 Billion | 2.19% | 0.35x | $771.55 Million |
| Sino Geophysical (300191) | $1.18 Billion | 0.96% | 0.09x | $1.40 Billion |
About CNOOC Energy Technology & Services Ltd
CNOOC Energy Technology & Services Limited operates as an offshore and onshore oil and gas production company in China and internationally. The company offers energy technology services, including oilfield engineering technology services, equipment manufacturing and maintenance services, and oil production services; technical services to oil and gas companies, including engineering and technical … Read more