PetroChina Co Ltd Class A (601857) - Net Assets
Based on the latest financial reports, PetroChina Co Ltd Class A (601857) has net assets worth CN¥1.75 Trillion CNY as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.85 Trillion) and total liabilities (CN¥1.10 Trillion). 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¥1.75 Trillion |
| % of Total Assets | 61.52% |
| Annual Growth Rate | 23.19% |
| 5-Year Change | 25.12% |
| 10-Year Change | 27.22% |
| Growth Volatility | 159.03 |
PetroChina Co Ltd Class A - Net Assets Trend (2014–2024)
This chart illustrates how PetroChina Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PetroChina Co Ltd Class A (2014–2024)
The table below shows the annual net assets of PetroChina Co Ltd Class A from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.71 Trillion | +4.86% |
| 2023-12-31 | CN¥1.63 Trillion | +6.03% |
| 2022-12-31 | CN¥1.54 Trillion | +9.16% |
| 2021-12-31 | CN¥1.41 Trillion | +3.09% |
| 2020-12-31 | CN¥1.37 Trillion | -5.38% |
| 2019-12-31 | CN¥1.44 Trillion | +2.39% |
| 2018-12-31 | CN¥1.41 Trillion | +2.12% |
| 2017-12-31 | CN¥1.38 Trillion | +0.63% |
| 2016-12-31 | CN¥1.37 Trillion | +2.14% |
| 2015-12-31 | CN¥1.34 Trillion | +532.76% |
| 2014-12-31 | CN¥212.41 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to PetroChina Co Ltd Class A'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 761.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥982.23 Billion | 64.82% |
| Other Components | CN¥533.14 Billion | 35.18% |
| Total Equity | CN¥1.52 Trillion | 100.00% |
PetroChina Co Ltd Class A Competitors by Market Cap
The table below lists competitors of PetroChina Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HSBC Holdings plc
MX:HBCN
|
$277.36 Billion |
|
The Goldman Sachs Group, Inc.
LSE:0R3G
|
$278.01 Billion |
|
Petróleo Brasileiro S.A. - Petrobras
LSE:0KHP
|
$279.95 Billion |
|
LVMH Moët Hennessy - Louis Vuitton Société Européenne
PA:MC
|
$281.03 Billion |
|
Morgan Stanley
NYSE:MS
|
$272.01 Billion |
|
KLA Corp.
LSE:0JPO
|
$269.91 Billion |
|
Kweichow Moutai Co Ltd
SHG:600519
|
$268.06 Billion |
|
Raytheon Technologies Corp
NYSE:RTX
|
$262.89 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PetroChina Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,446,410,000,000 to 1,515,371,000,000, a change of 68,961,000,000 (4.8%).
- Net income of 164,676,000,000 contributed positively to equity growth.
- Dividend payments of 95,120,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥164.68 Billion | +10.87% |
| Dividends Paid | CN¥95.12 Billion | -6.28% |
| Other Changes | CN¥-595.00 Million | -0.04% |
| Total Change | CN¥- | 4.77% |
Book Value vs Market Value Analysis
This analysis compares PetroChina Co Ltd Class A'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: 1.41x
- 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 1.79x to 1.41x 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¥6.52 | CN¥11.65 | x |
| 2018-12-31 | CN¥6.63 | CN¥11.65 | x |
| 2019-12-31 | CN¥6.72 | CN¥11.65 | x |
| 2020-12-31 | CN¥6.64 | CN¥11.65 | x |
| 2021-12-31 | CN¥6.90 | CN¥11.65 | x |
| 2022-12-31 | CN¥7.48 | CN¥11.65 | x |
| 2023-12-31 | CN¥7.90 | CN¥11.65 | x |
| 2024-12-31 | CN¥8.28 | CN¥11.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PetroChina Co Ltd Class A 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): 10.87%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.61%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 1.82x
- Recent ROE (10.87%) is above the historical average (5.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 10.12% | 5.21% | 0.95x | 2.05x | CN¥232.20 Million |
| 2015 | 3.01% | 2.06% | 0.72x | 2.03x | CN¥-82.45 Billion |
| 2016 | 0.66% | 0.49% | 0.67x | 2.02x | CN¥-111.05 Billion |
| 2017 | 1.91% | 1.13% | 0.84x | 2.01x | CN¥-96.55 Billion |
| 2018 | 4.33% | 2.23% | 0.97x | 2.00x | CN¥-68.84 Billion |
| 2019 | 3.71% | 1.82% | 0.92x | 2.22x | CN¥-77.33 Billion |
| 2020 | 1.56% | 0.98% | 0.78x | 2.05x | CN¥-102.51 Billion |
| 2021 | 7.29% | 3.53% | 1.04x | 1.98x | CN¥-34.19 Billion |
| 2022 | 10.91% | 4.61% | 1.21x | 1.95x | CN¥12.45 Billion |
| 2023 | 11.16% | 5.36% | 1.09x | 1.90x | CN¥16.77 Billion |
| 2024 | 10.87% | 5.61% | 1.07x | 1.82x | CN¥13.14 Billion |
Industry Comparison
This section compares PetroChina Co Ltd Class A's net assets metrics with peer companies in the Oil & Gas Integrated industry.
Industry Context
- Industry: Oil & Gas Integrated
- Average net assets among peers: $100,456,854,541
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PetroChina Co Ltd Class A (601857) | CN¥1.75 Trillion | 10.12% | 0.63x | $276.04 Billion |
| Sichuan Shengda Forestry Industry Co Ltd (002259) | $508.56 Million | -248.14% | 2.03x | $563.66 Million |
| China Petroleum & Chemical Corp Class A (600028) | $398.85 Billion | 15.48% | 1.20x | $80.46 Billion |
| Guanghui Energy Co Ltd (600256) | $168.04 Million | 20.40% | 0.92x | $5.91 Billion |
| Zhongman Petro & Natural Gas (603619) | $2.30 Billion | 20.99% | 2.11x | $2.33 Billion |
About PetroChina Co Ltd Class A
PetroChina Company Limited, together with its subsidiaries, engages in a range of petroleum related products, services, and activities in Mainland China and internationally. It operates through the Oil and Gas and New Energy, Refining Chemicals and New Materials, Sales, and Natural Gas Sales Segments. The Oil, Gas and New Energy Resource segment engages in the exploration, development, transporta… Read more