Shenzhen Gas Corp Ltd Net Assets

Latest as of March 2026: CN¥19.56 Billion CNY ≈ $2.86 Billion USD

Shenzhen Gas Corp Ltd net assets. Based on the latest financial reports, Shenzhen Gas Corp Ltd (601139) has net assets worth CN¥19.56 Billion CNY (≈ $2.86 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¥47.72 Billion ≈ $6.98 Billion USD) and total liabilities (CN¥28.16 Billion ≈ $4.12 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. Also explore 601139 net assets growth trend to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥19.56 Billion
% of Total Assets 40.99%
Annual Growth Rate 21.73%
5-Year Change 377.01%
10-Year Change 732.54%
Growth Volatility 57.59

Net Assets of Shenzhen Gas Corp Ltd (2006–2025)

Net assets of Shenzhen Gas Corp Ltd from 2006 to 2025. This chart illustrates how Shenzhen Gas Corp Ltd's net assets have evolved over time, based on quarterly financial data. See 601139 equity financing ratio to measure how much of total assets are equity-financed.

Annual Net Assets for Shenzhen Gas Corp Ltd (2006–2025)

The table below shows the annual net assets of Shenzhen Gas Corp Ltd from 2006 to 2025. For live market cap and overall valuation, see Shenzhen Gas Corp Ltd (601139) market capitalisation.

Year Net Assets Change
2025-12-31 CN¥67.10 Billion
≈ $9.82 Billion		 +265.39%
2024-12-31 CN¥18.36 Billion
≈ $2.69 Billion		 +6.33%
2023-12-31 CN¥17.27 Billion
≈ $2.53 Billion		 +12.20%
2022-12-31 CN¥15.39 Billion
≈ $2.25 Billion		 +9.43%
2021-12-31 CN¥14.07 Billion
≈ $2.06 Billion		 +12.97%
2020-12-31 CN¥12.45 Billion
≈ $1.82 Billion		 +7.66%
2019-12-31 CN¥11.57 Billion
≈ $1.69 Billion		 +19.52%
2018-12-31 CN¥9.68 Billion
≈ $1.42 Billion		 +10.08%
2017-12-31 CN¥8.79 Billion
≈ $1.29 Billion		 +9.07%
2016-12-31 CN¥8.06 Billion
≈ $1.18 Billion		 +8.18%
2015-12-31 CN¥7.45 Billion
≈ $1.09 Billion		 +29.20%
2014-12-31 CN¥5.77 Billion
≈ $843.83 Million		 +9.68%
2013-12-31 CN¥5.26 Billion
≈ $769.36 Million		 +17.16%
2012-12-31 CN¥4.49 Billion
≈ $656.65 Million		 +9.04%
2011-12-31 CN¥4.12 Billion
≈ $602.21 Million		 +43.34%
2010-12-31 CN¥2.87 Billion
≈ $420.12 Million		 +1.94%
2009-12-31 CN¥2.82 Billion
≈ $412.12 Million		 +59.98%
2008-12-31 CN¥1.76 Billion
≈ $257.60 Million		 +4.25%
2007-12-31 CN¥1.69 Billion
≈ $247.10 Million		 +5.48%
2006-12-31 CN¥1.60 Billion
≈ $234.26 Million		 --

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 8080.6% over the analyzed period, indicating profitable operations and earnings retention.

Shenzhen Gas Corp Ltd Net Assets Breakdown (December 2025)

Shenzhen Gas Corp Ltd net assets breakdown by equity component as of December 2025.

Component Amount Percentage
Retained Earnings CN¥9.18 Billion 48.62%
Other Comprehensive Income CN¥16.02 Billion 84.81%
Total Equity CN¥18.89 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
Stella-Jones Inc.
TO:SJ
 $2.64 Billion
Manappuram Finance Limited
NSE:MANAPPURAM
 $2.65 Billion
Acer Incorporated
F:AC5G
 $2.65 Billion
Graphic Packaging Holding Company
NYSE:GPK
 $2.65 Billion
Sprott Inc.
TO:SII
 $2.64 Billion
Bank Mega Tbk
JK:MEGA
 $2.64 Billion
Corporación Inmobiliaria Vesta, S.A.B de C.V.
NYSE:VTMX
 $2.64 Billion
Pinnacle Investment Management Group Ltd
AU:PNI
 $2.64 Billion

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 2024 to 2025, total equity changed from 15,560,402,000 to 18,885,509,000, a change of 3,325,107,000 (21.4%).
  • Net income of 1,452,018,000 contributed positively to equity growth.
  • Dividend payments of 621,821,611 reduced retained earnings.
  • Other comprehensive income increased equity by 13,542,340,000.
  • Other factors decreased equity by 11,047,429,389.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CN¥1.45 Billion +7.69%
Dividends Paid CN¥621.82 Million -3.29%
Other Comprehensive Income CN¥13.54 Billion +71.71%
Other Changes CN¥-11.05 Billion -58.5%
Total Change CN¥- 21.37%

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: 1.08x
  • 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 10.94x to 1.08x 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¥6.28 x
2007-12-31 CN¥0.60 CN¥6.28 x
2008-12-31 CN¥0.64 CN¥6.28 x
2009-12-31 CN¥1.10 CN¥6.28 x
2010-12-31 CN¥1.10 CN¥6.28 x
2011-12-31 CN¥1.60 CN¥6.28 x
2012-12-31 CN¥1.65 CN¥6.28 x
2013-12-31 CN¥1.90 CN¥6.28 x
2014-12-31 CN¥1.91 CN¥6.28 x
2015-12-31 CN¥2.58 CN¥6.28 x
2016-12-31 CN¥2.69 CN¥6.28 x
2017-12-31 CN¥2.94 CN¥6.28 x
2018-12-31 CN¥3.21 CN¥6.28 x
2019-12-31 CN¥3.85 CN¥6.28 x
2020-12-31 CN¥4.12 CN¥6.28 x
2021-12-31 CN¥4.30 CN¥6.28 x
2022-12-31 CN¥4.57 CN¥6.28 x
2023-12-31 CN¥4.75 CN¥6.28 x
2024-12-31 CN¥4.81 CN¥6.28 x
2025-12-31 CN¥5.80 CN¥6.28 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): 7.69%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 4.87%
  • • Asset Turnover: 0.62x
  • • Equity Multiplier: 2.55x
  • Recent ROE (7.69%) is below the historical average (10.87%), 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
2025 7.69% 4.87% 0.62x 2.55x CN¥-436.53 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: $1,858,640,058
  • Average return on equity (ROE) among peers: 10.23%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shenzhen Gas Corp Ltd (601139) CN¥19.56 Billion 8.98% 1.44x $2.64 Billion
Delong Composite Energy Group Co Ltd (000593) $276.91 Million 25.73% 1.08x $847.01 Million
Xinjiang Haoyuan Natural Gas Co Ltd (002700) $850.29 Million 13.04% 0.24x $322.00 Million
Foran Energy Group Co Ltd (002911) $7.40 Billion 11.41% 1.37x $2.15 Billion
Top Resource Conservation Engineering Co Ltd (300332) $204.71 Million 5.41% 0.78x $539.60 Million
Sichuan Qiaoyuan Gas Co.Ltd (301286) $815.78 Million 22.13% 0.83x $2.62 Billion
Changchun Gas Co Ltd (600333) $1.23 Billion 7.27% 0.52x $488.38 Million
Shanghai DaZhong Public Utilities Group Co Ltd (600635) $6.84 Billion 6.75% 1.12x $1.41 Billion
Bestsun Energy Co Ltd (600681) $332.26 Million -15.38% 1.51x $661.23 Million
ENN Ecological Holdings Co Ltd (600803) $213.73 Million 10.52% 0.71x $9.39 Billion
Guizhou Gas Group Corporation Ltd Class A (600903) $426.16 Million 15.47% 2.22x $965.76 Million

About Shenzhen Gas Corp Ltd

SHG:601139 China Utilities - Regulated Gas
Market Cap
$2.64 Billion
CN¥18.07 Billion CNY
Market Cap Rank
#5079 Global
#795 in China
Share Price
CN¥6.28
Change (1 day)
+0.80%
52-Week Range
CN¥5.63 - CN¥7.88
All Time High
CN¥12.34
Categories
Companies in China Utilities - Regulated Gas
About

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 sells pipeline gas to urban residents, industrial and commercial enterprises, and power plants. It offers gas facilities, equipment, and natural gas pipeline installation services. The company purchases and sel… Read more