Shenzhen Gas Corp Ltd
Shenzhen Gas Corporation Ltd. provides urban gas, natural gas, and LPG energy. It operates through four segments: City Gas, Gas Resources, Integrated Energy, and Smart Service. The company is involved in the liquefied petroleum gas wholesale business through a network of 80,000 cubic meters. It also engages in natural gas thermal power business; promotes distributed integrated energy solutions; d… Read more
Shenzhen Gas Corp Ltd (601139) - Net Assets
Latest net assets as of September 2025: CN¥18.89 Billion CNY
Based on the latest financial reports, Shenzhen Gas Corp Ltd (601139) has net assets worth CN¥18.89 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥47.15 Billion) and total liabilities (CN¥28.26 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¥18.89 Billion |
| % of Total Assets | 40.06% |
| Annual Growth Rate | 14.52% |
| 5-Year Change | 47.48% |
| 10-Year Change | 146.49% |
| Growth Volatility | 14.47 |
Shenzhen Gas Corp Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Shenzhen Gas 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 Shenzhen Gas Corp Ltd (2006–2024)
The table below shows the annual net assets of Shenzhen Gas Corp Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥18.36 Billion | +6.33% |
| 2023-12-31 | CN¥17.27 Billion | +12.20% |
| 2022-12-31 | CN¥15.39 Billion | +9.43% |
| 2021-12-31 | CN¥14.07 Billion | +12.97% |
| 2020-12-31 | CN¥12.45 Billion | +7.66% |
| 2019-12-31 | CN¥11.57 Billion | +19.52% |
| 2018-12-31 | CN¥9.68 Billion | +10.08% |
| 2017-12-31 | CN¥8.79 Billion | +9.07% |
| 2016-12-31 | CN¥8.06 Billion | +8.18% |
| 2015-12-31 | CN¥7.45 Billion | +29.20% |
| 2014-12-31 | CN¥5.77 Billion | +9.68% |
| 2013-12-31 | CN¥5.26 Billion | +17.16% |
| 2012-12-31 | CN¥4.49 Billion | +9.04% |
| 2011-12-31 | CN¥4.12 Billion | +43.34% |
| 2010-12-31 | CN¥2.87 Billion | +1.94% |
| 2009-12-31 | CN¥2.82 Billion | +59.98% |
| 2008-12-31 | CN¥1.76 Billion | +4.25% |
| 2007-12-31 | CN¥1.69 Billion | +5.48% |
| 2006-12-31 | CN¥1.60 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Gas 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 7280.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥8.29 Billion | 53.24% |
| Common Stock | CN¥2.88 Billion | 18.49% |
| Other Components | CN¥4.40 Billion | 28.27% |
| Total Equity | CN¥15.56 Billion | 100.00% |
Shenzhen Gas Corp Ltd Competitors by Market Cap
The table below lists competitors of Shenzhen Gas Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Société Anonyme des Bains de Mer et du Cercle des Étrangers à Monaco
F:RJ8
|
$586.09 Million |
|
Sable Offshore Corp.
NYSE:SOC
|
$586.10 Million |
|
Beijing Urban Rural Commercial Group Co Ltd
SHG:600861
|
$586.15 Million |
|
Supalai Public Company Limited
PINK:SUPCF
|
$586.56 Million |
|
Macmic Science & Technology Co Ltd
SHG:688711
|
$585.91 Million |
|
Root Inc
NASDAQ:ROOT
|
$585.76 Million |
|
Shenzhen Colibri Technologies Co Ltd
SHE:002957
|
$585.76 Million |
|
Anhui Hengyuan Coal Industry and Electricity Power Co Ltd
SHG:600971
|
$585.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Gas Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,547,375,677 to 15,560,402,000, a change of 1,013,026,323 (7.0%).
- Net income of 1,457,074,278 contributed positively to equity growth.
- Dividend payments of 744,879,321 reduced retained earnings.
- Other factors increased equity by 300,831,366.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.46 Billion | +9.36% |
| Dividends Paid | CN¥744.88 Million | -4.79% |
| Other Changes | CN¥300.83 Million | +1.93% |
| Total Change | CN¥- | 6.96% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Gas 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: 1.59x
- 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 13.33x to 1.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.57 | CN¥7.65 | x |
| 2007-12-31 | CN¥0.60 | CN¥7.65 | x |
| 2008-12-31 | CN¥0.64 | CN¥7.65 | x |
| 2009-12-31 | CN¥1.10 | CN¥7.65 | x |
| 2010-12-31 | CN¥1.10 | CN¥7.65 | x |
| 2011-12-31 | CN¥1.60 | CN¥7.65 | x |
| 2012-12-31 | CN¥1.65 | CN¥7.65 | x |
| 2013-12-31 | CN¥1.90 | CN¥7.65 | x |
| 2014-12-31 | CN¥1.91 | CN¥7.65 | x |
| 2015-12-31 | CN¥2.58 | CN¥7.65 | x |
| 2016-12-31 | CN¥2.69 | CN¥7.65 | x |
| 2017-12-31 | CN¥2.94 | CN¥7.65 | x |
| 2018-12-31 | CN¥3.21 | CN¥7.65 | x |
| 2019-12-31 | CN¥3.85 | CN¥7.65 | x |
| 2020-12-31 | CN¥4.12 | CN¥7.65 | x |
| 2021-12-31 | CN¥4.30 | CN¥7.65 | x |
| 2022-12-31 | CN¥4.57 | CN¥7.65 | x |
| 2023-12-31 | CN¥4.75 | CN¥7.65 | x |
| 2024-12-31 | CN¥4.81 | CN¥7.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Gas 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): 9.36%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.14%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 2.91x
- Recent ROE (9.36%) is below the historical average (11.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 8.98% | 1.69% | 1.83x | 2.89x | CN¥-12.80 Million |
| 2007 | 11.97% | 2.75% | 1.48x | 2.94x | CN¥25.73 Million |
| 2008 | 13.59% | 4.20% | 0.95x | 3.41x | CN¥50.08 Million |
| 2009 | 11.03% | 6.97% | 0.64x | 2.45x | CN¥25.21 Million |
| 2010 | 12.16% | 4.88% | 0.90x | 2.76x | CN¥56.88 Million |
| 2011 | 10.60% | 5.00% | 0.88x | 2.42x | CN¥22.93 Million |
| 2012 | 12.60% | 5.89% | 0.93x | 2.31x | CN¥108.89 Million |
| 2013 | 14.20% | 8.25% | 0.71x | 2.43x | CN¥208.98 Million |
| 2014 | 13.28% | 7.57% | 0.72x | 2.44x | CN¥178.21 Million |
| 2015 | 9.25% | 8.28% | 0.52x | 2.14x | CN¥-53.18 Million |
| 2016 | 10.01% | 9.07% | 0.49x | 2.24x | CN¥660.82K |
| 2017 | 10.54% | 8.02% | 0.59x | 2.23x | CN¥45.31 Million |
| 2018 | 11.21% | 8.09% | 0.65x | 2.14x | CN¥111.23 Million |
| 2019 | 9.60% | 7.54% | 0.60x | 2.11x | CN¥-44.16 Million |
| 2020 | 11.18% | 8.80% | 0.59x | 2.16x | CN¥139.50 Million |
| 2021 | 10.95% | 6.32% | 0.63x | 2.76x | CN¥117.70 Million |
| 2022 | 9.30% | 4.07% | 0.79x | 2.91x | CN¥-92.56 Million |
| 2023 | 9.90% | 4.66% | 0.70x | 3.04x | CN¥-14.80 Million |
| 2024 | 9.36% | 5.14% | 0.63x | 2.91x | CN¥-98.97 Million |
Industry Comparison
This section compares Shenzhen Gas 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 |
|---|---|---|---|---|
| Shenzhen Gas Corp Ltd (601139) | CN¥18.89 Billion | 8.98% | 1.50x | $585.93 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 |