Chengdu Gas Group Co Ltd (603053) - Net Assets
Based on the latest financial reports, Chengdu Gas Group Co Ltd (603053) has net assets worth CN¥5.14 Billion CNY (≈ $751.83 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥8.41 Billion ≈ $1.23 Billion USD) and total liabilities (CN¥3.27 Billion ≈ $479.20 Million 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 how strategically is Chengdu Gas Group Co Ltd's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.14 Billion |
| % of Total Assets | 61.07% |
| Annual Growth Rate | 7.76% |
| 5-Year Change | 28.63% |
| 10-Year Change | 148.04% |
| Growth Volatility | 18.34 |
Chengdu Gas Group Co Ltd - Net Assets Trend (2015–2025)
This chart illustrates how Chengdu Gas Group Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Chengdu Gas Group Co Ltd.
Annual Net Assets for Chengdu Gas Group Co Ltd (2015–2025)
The table below shows the annual net assets of Chengdu Gas Group Co Ltd from 2015 to 2025. Also explore Chengdu Gas Group Co Ltd net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥5.15 Billion ≈ $753.53 Million |
+4.17% |
| 2024-12-31 | CN¥4.94 Billion ≈ $723.35 Million |
+5.14% |
| 2023-12-31 | CN¥4.70 Billion ≈ $687.95 Million |
+6.60% |
| 2022-12-31 | CN¥4.41 Billion ≈ $645.35 Million |
+10.16% |
| 2021-12-31 | CN¥4.00 Billion ≈ $585.82 Million |
+7.07% |
| 2020-12-31 | CN¥3.74 Billion ≈ $547.15 Million |
+4.03% |
| 2019-12-31 | CN¥3.59 Billion ≈ $525.97 Million |
+57.73% |
| 2018-12-31 | CN¥2.28 Billion ≈ $333.46 Million |
+18.15% |
| 2017-12-31 | CN¥1.93 Billion ≈ $282.22 Million |
-7.10% |
| 2016-12-31 | CN¥2.08 Billion ≈ $303.80 Million |
-14.89% |
| 2015-12-31 | CN¥2.44 Billion ≈ $356.96 Million |
-- |
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 150.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.09 Billion | 42.70% |
| Other Components | CN¥2.80 Billion | 57.30% |
| Total Equity | CN¥4.88 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 |
|---|---|
|
Chengdu Galaxy Magnets
SHE:300127
|
$1.14 Billion |
|
SIGNATUREGLOBAL (INDIA) LIMITED
NSE:SIGNATURE
|
$1.14 Billion |
|
HannStar Board Corp
TW:5469
|
$1.14 Billion |
|
CHIPMOS TECH.ADR 20 TA10
F:CPIA
|
$1.14 Billion |
|
Terveystalo Oy
HE:TTALO
|
$1.14 Billion |
|
ST Pharm Co.Ltd
KQ:237690
|
$1.14 Billion |
|
Innovative Medical Management Co Ltd
SHE:002173
|
$1.14 Billion |
|
Jaiprakash Power Ventures Limited
NSE:JPPOWER
|
$1.14 Billion |
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 2024 to 2025, total equity changed from 4,674,046,184 to 4,883,856,044, a change of 209,809,860 (4.5%).
- Net income of 481,214,092 contributed positively to equity growth.
- Dividend payments of 266,668,491 reduced retained earnings.
- Other comprehensive income decreased equity by 535,958,721.
- Other factors increased equity by 531,222,981.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥481.21 Million | +9.85% |
| Dividends Paid | CN¥266.67 Million | -5.46% |
| Other Comprehensive Income | CN¥-535.96 Million | -10.97% |
| Other Changes | CN¥531.22 Million | +10.88% |
| Total Change | CN¥- | 4.49% |
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: 1.60x
- 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 3.11x to 1.60x 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¥8.79 | x |
| 2016-12-31 | CN¥2.41 | CN¥8.79 | x |
| 2017-12-31 | CN¥2.20 | CN¥8.79 | x |
| 2018-12-31 | CN¥2.58 | CN¥8.79 | x |
| 2019-12-31 | CN¥3.87 | CN¥8.79 | x |
| 2020-12-31 | CN¥4.09 | CN¥8.79 | x |
| 2021-12-31 | CN¥4.40 | CN¥8.79 | x |
| 2022-12-31 | CN¥4.68 | CN¥8.79 | x |
| 2023-12-31 | CN¥4.97 | CN¥8.79 | x |
| 2024-12-31 | CN¥5.26 | CN¥8.79 | x |
| 2025-12-31 | CN¥5.49 | CN¥8.79 | 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): 9.85%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.99%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 1.69x
- Recent ROE (9.85%) is below the historical average (15.70%), 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 |
| 2025 | 9.85% | 8.99% | 0.65x | 1.69x | CN¥-7.17 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: $8,810,146,082
- Average return on equity (ROE) among peers: 5.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chengdu Gas Group Co Ltd (603053) | CN¥5.14 Billion | 21.58% | 0.64x | $1.14 Billion |
| Delong Composite Energy Group Co Ltd (000593) | $311.07 Million | 3.92% | 0.75x | $1.12 Billion |
| Xinjiang Haoyuan Natural Gas Co Ltd (002700) | $710.14 Million | 10.98% | 0.33x | $384.35 Million |
| Foran Energy Group Co Ltd (002911) | $10.16 Billion | 9.85% | 0.97x | $2.16 Billion |
| Top Resource Conservation Engineering Co Ltd (300332) | $3.54 Billion | 1.33% | 1.22x | $610.29 Million |
| Sichuan Qiaoyuan Gas Co.Ltd (301286) | $1.72 Billion | 11.77% | 0.16x | $2.53 Billion |
| Changchun Gas Co Ltd (600333) | $1.93 Billion | 1.04% | 1.28x | $583.74 Million |
| Shanghai DaZhong Public Utilities Group Co Ltd (600635) | $6.84 Billion | 6.75% | 1.12x | $1.62 Billion |
| Bestsun Energy Co Ltd (600681) | $-452.05 Million | 0.00% | 0.00x | $684.77 Million |
| ENN Ecological Holdings Co Ltd (600803) | $60.54 Billion | 7.42% | 1.19x | $8.53 Billion |
| Guizhou Gas Group Corporation Ltd Class A (600903) | $2.81 Billion | 6.11% | 1.92x | $1.17 Billion |
About Chengdu Gas Group Co Ltd
Chengdu Gas Group Corporation Ltd. engages in the transmission, distribution, and sale of urban gas in China. The company is involved in the supply of urban gas; urban gas engineering construction; pipeline installation; fire protection facility engineering construction; supply of gas-specific equipment and materials; flow meter calibration; gas appliance testing; urban gas pressure vessel testin… Read more