Chengdu Gas Group Co Ltd
Chengdu Gas Group Corporation Ltd. engages in the urban gas supply business in China. The company offers planning, designing, construction installation, transmission and distribution, application, management of gas. It also involved in gas intelligent system research and development; equipment manufacturing businesses; and sells gas-specific equipment, pressure vessels, metering device testing, a… Read more
Chengdu Gas Group Co Ltd (603053) - Net Assets
Latest net assets as of September 2025: CN¥5.11 Billion CNY
Based on the latest financial reports, Chengdu Gas Group Co Ltd (603053) has net assets worth CN¥5.11 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¥8.40 Billion) and total liabilities (CN¥3.29 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¥5.11 Billion |
| % of Total Assets | 60.82% |
| Annual Growth Rate | 8.16% |
| 5-Year Change | 32.2% |
| 10-Year Change | N/A |
| Growth Volatility | 19.25 |
Chengdu Gas Group Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Chengdu Gas Group Co 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 Chengdu Gas Group Co Ltd (2015–2024)
The table below shows the annual net assets of Chengdu Gas Group Co Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.94 Billion | +5.14% |
| 2023-12-31 | CN¥4.70 Billion | +6.60% |
| 2022-12-31 | CN¥4.41 Billion | +10.16% |
| 2021-12-31 | CN¥4.00 Billion | +7.07% |
| 2020-12-31 | CN¥3.74 Billion | +4.03% |
| 2019-12-31 | CN¥3.59 Billion | +57.73% |
| 2018-12-31 | CN¥2.28 Billion | +18.15% |
| 2017-12-31 | CN¥1.93 Billion | -7.10% |
| 2016-12-31 | CN¥2.08 Billion | -14.89% |
| 2015-12-31 | CN¥2.44 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Chengdu Gas Group Co 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 130.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.92 Billion | 41.11% |
| Common Stock | CN¥888.89 Million | 19.02% |
| Other Comprehensive Income | CN¥535.96 Million | 11.47% |
| Other Components | CN¥1.33 Billion | 28.41% |
| Total Equity | CN¥4.67 Billion | 100.00% |
Chengdu Gas Group Co Ltd Competitors by Market Cap
The table below lists competitors of Chengdu Gas Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shijihengtong Technology Co. Ltd. A
SHE:301428
|
$227.23 Million |
|
Gunkul Engineering Public Company Limited
BK:GUNKUL
|
$227.26 Million |
|
Suzhou Industrial Park Heshun Electric Co Ltd
SHE:300141
|
$227.28 Million |
|
Daou Data Corp
KQ:032190
|
$227.30 Million |
|
Lotte Confectionery Co Ltd
KO:280360
|
$227.15 Million |
|
Sveafastigheter
ST:SVEAF
|
$227.13 Million |
|
Citic Press Corp
SHE:300788
|
$227.12 Million |
|
Sesoda Corp
TW:1708
|
$227.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chengdu Gas Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,431,986,469 to 4,674,046,184, a change of 242,059,715 (5.5%).
- Net income of 488,752,291 contributed positively to equity growth.
- Dividend payments of 302,196,818 reduced retained earnings.
- Other comprehensive income increased equity by 87,722,069.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥488.75 Million | +10.46% |
| Dividends Paid | CN¥302.20 Million | -6.47% |
| Other Comprehensive Income | CN¥87.72 Million | +1.88% |
| Other Changes | CN¥-32.22 Million | -0.69% |
| Total Change | CN¥- | 5.46% |
Book Value vs Market Value Analysis
This analysis compares Chengdu Gas Group Co 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: 1.94x
- 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 3.61x to 1.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | CN¥2.83 | CN¥10.20 | x |
| 2016-12-31 | CN¥2.41 | CN¥10.20 | x |
| 2017-12-31 | CN¥2.20 | CN¥10.20 | x |
| 2018-12-31 | CN¥2.58 | CN¥10.20 | x |
| 2019-12-31 | CN¥3.87 | CN¥10.20 | x |
| 2020-12-31 | CN¥4.09 | CN¥10.20 | x |
| 2021-12-31 | CN¥4.40 | CN¥10.20 | x |
| 2022-12-31 | CN¥4.68 | CN¥10.20 | x |
| 2023-12-31 | CN¥4.97 | CN¥10.20 | x |
| 2024-12-31 | CN¥5.26 | CN¥10.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chengdu Gas Group Co 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): 10.46%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.27%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.75x
- Recent ROE (10.46%) is below the historical average (16.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 21.58% | 12.80% | 0.94x | 1.80x | CN¥261.51 Million |
| 2016 | 22.82% | 12.15% | 0.87x | 2.16x | CN¥246.35 Million |
| 2017 | 26.82% | 12.16% | 0.84x | 2.61x | CN¥294.46 Million |
| 2018 | 20.55% | 9.65% | 0.85x | 2.49x | CN¥219.37 Million |
| 2019 | 13.12% | 9.36% | 0.72x | 1.95x | CN¥107.24 Million |
| 2020 | 11.38% | 9.94% | 0.63x | 1.83x | CN¥50.12 Million |
| 2021 | 12.50% | 11.16% | 0.66x | 1.70x | CN¥97.67 Million |
| 2022 | 11.81% | 10.17% | 0.66x | 1.76x | CN¥75.34 Million |
| 2023 | 11.87% | 10.17% | 0.64x | 1.83x | CN¥82.93 Million |
| 2024 | 10.46% | 9.27% | 0.64x | 1.75x | CN¥21.35 Million |
Industry Comparison
This section compares Chengdu Gas Group Co 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 |
|---|---|---|---|---|
| Chengdu Gas Group Co Ltd (603053) | CN¥5.11 Billion | 21.58% | 0.64x | $227.21 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 |