Xinjiang Torch Gas Co Ltd (603080) - Net Assets
Based on the latest financial reports, Xinjiang Torch Gas Co Ltd (603080) has net assets worth CN¥1.85 Billion CNY (≈ $270.24 Million 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¥2.57 Billion ≈ $375.51 Million USD) and total liabilities (CN¥719.37 Million ≈ $105.27 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. Also explore how large is Xinjiang Torch Gas Co Ltd's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.85 Billion |
| % of Total Assets | 71.97% |
| Annual Growth Rate | 23.09% |
| 5-Year Change | 40.48% |
| 10-Year Change | 305.04% |
| Growth Volatility | 36.88 |
Xinjiang Torch Gas Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Xinjiang Torch Gas Co Ltd's net assets have evolved over time, based on quarterly financial data. Check 603080 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Xinjiang Torch Gas Co Ltd (2012–2025)
The table below shows the annual net assets of Xinjiang Torch Gas Co Ltd from 2012 to 2025. For live valuation and market cap data, see market cap of Xinjiang Torch Gas Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.80 Billion ≈ $262.94 Million |
+8.20% |
| 2024-12-31 | CN¥1.66 Billion ≈ $243.01 Million |
+7.42% |
| 2023-12-31 | CN¥1.55 Billion ≈ $226.22 Million |
+17.10% |
| 2022-12-31 | CN¥1.32 Billion ≈ $193.19 Million |
+3.21% |
| 2021-12-31 | CN¥1.28 Billion ≈ $187.18 Million |
+6.89% |
| 2020-12-31 | CN¥1.20 Billion ≈ $175.11 Million |
+5.23% |
| 2019-12-31 | CN¥1.14 Billion ≈ $166.41 Million |
+10.84% |
| 2018-12-31 | CN¥1.03 Billion ≈ $150.13 Million |
+6.89% |
| 2017-12-31 | CN¥959.79 Million ≈ $140.45 Million |
+116.35% |
| 2016-12-31 | CN¥443.63 Million ≈ $64.92 Million |
+36.16% |
| 2015-12-31 | CN¥325.81 Million ≈ $47.68 Million |
+97.14% |
| 2014-12-31 | CN¥165.27 Million ≈ $24.18 Million |
-8.34% |
| 2013-12-31 | CN¥180.31 Million ≈ $26.38 Million |
+49.37% |
| 2012-12-31 | CN¥120.71 Million ≈ $17.66 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Xinjiang Torch Gas 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 38283.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥933.86 Million | 59.24% |
| Other Components | CN¥642.53 Million | 40.76% |
| Total Equity | CN¥1.58 Billion | 100.00% |
Xinjiang Torch Gas Co Ltd Competitors by Market Cap
The table below lists competitors of Xinjiang Torch Gas Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhongxing Shenyang Commercial Building Group Co Ltd
SHE:000715
|
$375.64 Million |
|
Vigil Neuroscience Inc
NASDAQ:VIGL
|
$375.71 Million |
|
Baotek Industrial Materials Ltd
TWO:5340
|
$375.78 Million |
|
Five Point Holdings LLC
NYSE:FPH
|
$375.79 Million |
|
BTS Group AB (publ)
ST:BTS-B
|
$375.56 Million |
|
Meteoric Resources NL
F:RNF
|
$375.40 Million |
|
X4 Pharmaceuticals Inc
NASDAQ:XFOR
|
$375.39 Million |
|
ShenZhen V&T Technologies Co Ltd
SHE:300484
|
$375.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xinjiang Torch Gas Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,524,434,294 to 1,576,394,081, a change of 51,959,787 (3.4%).
- Net income of 210,840,832 contributed positively to equity growth.
- Dividend payments of 80,512,923 reduced retained earnings.
- Other factors decreased equity by 78,368,122.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥210.84 Million | +13.37% |
| Dividends Paid | CN¥80.51 Million | -5.11% |
| Other Changes | CN¥-78.37 Million | -4.97% |
| Total Change | CN¥- | 3.41% |
Book Value vs Market Value Analysis
This analysis compares Xinjiang Torch Gas 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: 1.63x
- 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 13.94x to 1.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥1.30 | CN¥18.14 | x |
| 2013-12-31 | CN¥1.95 | CN¥18.14 | x |
| 2014-12-31 | CN¥1.78 | CN¥18.14 | x |
| 2015-12-31 | CN¥3.34 | CN¥18.14 | x |
| 2016-12-31 | CN¥4.19 | CN¥18.14 | x |
| 2017-12-31 | CN¥9.01 | CN¥18.14 | x |
| 2018-12-31 | CN¥7.24 | CN¥18.14 | x |
| 2019-12-31 | CN¥8.10 | CN¥18.14 | x |
| 2020-12-31 | CN¥8.39 | CN¥18.14 | x |
| 2021-12-31 | CN¥9.02 | CN¥18.14 | x |
| 2022-12-31 | CN¥9.35 | CN¥18.14 | x |
| 2023-12-31 | CN¥10.07 | CN¥18.14 | x |
| 2024-12-31 | CN¥10.79 | CN¥18.14 | x |
| 2025-12-31 | CN¥11.14 | CN¥18.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xinjiang Torch Gas 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): 13.37%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.94%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 1.65x
- Recent ROE (13.37%) is below the historical average (18.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 31.51% | 22.43% | 0.43x | 3.28x | CN¥25.96 Million |
| 2013 | 33.31% | 26.54% | 0.48x | 2.59x | CN¥42.04 Million |
| 2014 | 53.90% | 31.69% | 0.77x | 2.21x | CN¥72.55 Million |
| 2015 | 30.27% | 32.25% | 0.62x | 1.50x | CN¥66.03 Million |
| 2016 | 26.71% | 38.14% | 0.55x | 1.28x | CN¥74.15 Million |
| 2017 | 8.88% | 23.63% | 0.32x | 1.17x | CN¥-10.72 Million |
| 2018 | 8.97% | 23.66% | 0.29x | 1.30x | CN¥-10.54 Million |
| 2019 | 7.65% | 15.17% | 0.35x | 1.44x | CN¥-26.69 Million |
| 2020 | 6.20% | 10.95% | 0.37x | 1.54x | CN¥-45.52 Million |
| 2021 | 7.99% | 11.35% | 0.44x | 1.61x | CN¥-25.77 Million |
| 2022 | 7.28% | 11.32% | 0.46x | 1.41x | CN¥-35.96 Million |
| 2023 | 9.43% | 12.30% | 0.47x | 1.64x | CN¥-8.09 Million |
| 2024 | 10.29% | 10.61% | 0.62x | 1.58x | CN¥4.40 Million |
| 2025 | 13.37% | 12.94% | 0.63x | 1.65x | CN¥53.20 Million |
Industry Comparison
This section compares Xinjiang Torch Gas 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: $2,589,859,490
- Average return on equity (ROE) among peers: 9.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xinjiang Torch Gas Co Ltd (603080) | CN¥1.85 Billion | 31.51% | 0.39x | $375.61 Million |
| Delong Composite Energy Group Co Ltd (000593) | $282.74 Million | 2.11% | 1.40x | $887.94 Million |
| Xinjiang Haoyuan Natural Gas Co Ltd (002700) | $657.44 Million | 12.51% | 0.16x | $346.82 Million |
| Foran Energy Group Co Ltd (002911) | $9.45 Billion | 9.03% | 1.04x | $2.16 Billion |
| Top Resource Conservation Engineering Co Ltd (300332) | $3.65 Billion | 1.53% | 1.33x | $583.00 Million |
| Sichuan Qiaoyuan Gas Co.Ltd (301286) | $1.75 Billion | 8.51% | 0.14x | $2.08 Billion |
| Changchun Gas Co Ltd (600333) | $243.18 Million | 7.90% | 1.24x | $514.22 Million |
| Shanghai DaZhong Public Utilities Group Co Ltd (600635) | $292.62 Million | 13.76% | 0.16x | $1.68 Billion |
| Bestsun Energy Co Ltd (600681) | $3.92 Billion | 21.91% | 0.80x | $678.88 Million |
| ENN Ecological Holdings Co Ltd (600803) | $4.19 Billion | 16.94% | 1.05x | $8.06 Billion |
| Guizhou Gas Group Corporation Ltd Class A (600903) | $1.47 Billion | 3.11% | 2.98x | $1.05 Billion |
About Xinjiang Torch Gas Co Ltd
Xinjiang Torch Gas Co., Ltd operates as a gas service company in China. The company engages in the natural gas transmission, distribution, and sales; operation and management of gas station; urban heating supply; operation and management of taxi; and provision of gas facility and equipment installation services. It also holds the urban natural gas pipeline business. Xinjiang Torch Gas Co., Ltd wa… Read more