Shuifa Energas Gas Co Ltd
Shuifa Energas Gas Co., Ltd. engages in the liquified natural gas (LNG) business in China and internationally. The company engages in the production and sale of liquified natural gas, CNG, and heavy hydrocarbons; trading of LNG; operation of gas supply lines; sale and installation of pipeline gas; and the production and installation of gas and gas system engineering equipment products. It also in… Read more
Shuifa Energas Gas Co Ltd (603318) - Net Assets
Latest net assets as of September 2025: CN¥1.83 Billion CNY
Based on the latest financial reports, Shuifa Energas Gas Co Ltd (603318) has net assets worth CN¥1.83 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¥4.40 Billion) and total liabilities (CN¥2.56 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¥1.83 Billion |
| % of Total Assets | 41.74% |
| Annual Growth Rate | 20.63% |
| 5-Year Change | 28.36% |
| 10-Year Change | 290.82% |
| Growth Volatility | 35.34 |
Shuifa Energas Gas Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Shuifa Energas Gas 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 Shuifa Energas Gas Co Ltd (2011–2024)
The table below shows the annual net assets of Shuifa Energas Gas Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.84 Billion | -5.52% |
| 2023-12-31 | CN¥1.95 Billion | +7.76% |
| 2022-12-31 | CN¥1.81 Billion | +21.69% |
| 2021-12-31 | CN¥1.49 Billion | +3.61% |
| 2020-12-31 | CN¥1.43 Billion | +58.58% |
| 2019-12-31 | CN¥904.58 Million | -11.53% |
| 2018-12-31 | CN¥1.02 Billion | +0.08% |
| 2017-12-31 | CN¥1.02 Billion | +120.02% |
| 2016-12-31 | CN¥464.35 Million | -1.44% |
| 2015-12-31 | CN¥471.14 Million | +64.10% |
| 2014-12-31 | CN¥287.10 Million | +11.53% |
| 2013-12-31 | CN¥257.43 Million | +24.38% |
| 2012-12-31 | CN¥206.97 Million | +28.77% |
| 2011-12-31 | CN¥160.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shuifa Energas 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 417.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥189.82 Million | 12.76% |
| Common Stock | CN¥459.07 Million | 30.85% |
| Other Comprehensive Income | CN¥150.51 Million | 10.12% |
| Other Components | CN¥688.51 Million | 46.27% |
| Total Equity | CN¥1.49 Billion | 100.00% |
Shuifa Energas Gas Co Ltd Competitors by Market Cap
The table below lists competitors of Shuifa Energas Gas Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tianjin Jieqiang Power Equipment Co
SHE:300875
|
$284.05 Million |
|
AVCON Information Tech
SHE:300074
|
$284.05 Million |
|
Shanghai Carthane Co Ltd
SHG:603037
|
$284.12 Million |
|
Bafang Electric Suzhou Co Ltd
SHG:603489
|
$284.15 Million |
|
Meitav Trade Inv Ltd
TA:MTRD
|
$283.72 Million |
|
Boston Omaha Corp
NYSE:BOC
|
$283.63 Million |
|
Medigen Vaccine Biologics
TWO:6547
|
$283.60 Million |
|
Jiangsu Fasten Co Ltd
SHE:000890
|
$283.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shuifa Energas Gas Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,640,228,981 to 1,487,920,579, a change of -152,308,402 (-9.3%).
- Net income of 102,648,242 contributed positively to equity growth.
- Dividend payments of 116,043,599 reduced retained earnings.
- Other comprehensive income increased equity by 150,511,852.
- Other factors decreased equity by 289,424,897.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥102.65 Million | +6.9% |
| Dividends Paid | CN¥116.04 Million | -7.8% |
| Other Comprehensive Income | CN¥150.51 Million | +10.12% |
| Other Changes | CN¥-289.42 Million | -19.45% |
| Total Change | CN¥- | -9.29% |
Book Value vs Market Value Analysis
This analysis compares Shuifa Energas 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: 2.65x
- 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 13.54x to 2.65x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.63 | CN¥8.58 | x |
| 2012-12-31 | CN¥0.77 | CN¥8.58 | x |
| 2013-12-31 | CN¥0.96 | CN¥8.58 | x |
| 2014-12-31 | CN¥1.07 | CN¥8.58 | x |
| 2015-12-31 | CN¥1.36 | CN¥8.58 | x |
| 2016-12-31 | CN¥1.19 | CN¥8.58 | x |
| 2017-12-31 | CN¥2.79 | CN¥8.58 | x |
| 2018-12-31 | CN¥2.33 | CN¥8.58 | x |
| 2019-12-31 | CN¥2.25 | CN¥8.58 | x |
| 2020-12-31 | CN¥2.48 | CN¥8.58 | x |
| 2021-12-31 | CN¥2.73 | CN¥8.58 | x |
| 2022-12-31 | CN¥3.42 | CN¥8.58 | x |
| 2023-12-31 | CN¥3.63 | CN¥8.58 | x |
| 2024-12-31 | CN¥3.24 | CN¥8.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shuifa Energas 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): 6.90%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.96%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 2.84x
- Recent ROE (6.90%) is below the historical average (7.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 25.25% | 20.03% | 0.63x | 2.00x | CN¥24.52 Million |
| 2012 | 22.05% | 15.94% | 0.58x | 2.37x | CN¥24.93 Million |
| 2013 | 19.48% | 13.08% | 0.68x | 2.20x | CN¥24.42 Million |
| 2014 | 12.48% | 9.89% | 0.55x | 2.29x | CN¥7.13 Million |
| 2015 | 4.17% | 5.59% | 0.36x | 2.06x | CN¥-26.93 Million |
| 2016 | 5.06% | 5.99% | 0.35x | 2.40x | CN¥-22.91 Million |
| 2017 | 5.37% | 9.73% | 0.31x | 1.79x | CN¥-47.30 Million |
| 2018 | 0.43% | 1.04% | 0.20x | 2.07x | CN¥-97.86 Million |
| 2019 | -13.28% | -37.11% | 0.20x | 1.82x | CN¥-210.57 Million |
| 2020 | 2.40% | 2.11% | 0.37x | 3.04x | CN¥-75.74 Million |
| 2021 | 7.40% | 2.93% | 0.88x | 2.88x | CN¥-26.85 Million |
| 2022 | 8.00% | 3.29% | 0.89x | 2.74x | CN¥-31.71 Million |
| 2023 | 4.41% | 2.26% | 0.70x | 2.78x | CN¥-91.63 Million |
| 2024 | 6.90% | 3.96% | 0.61x | 2.84x | CN¥-46.14 Million |
Industry Comparison
This section compares Shuifa Energas Gas Co Ltd's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $992,882,705
- Average return on equity (ROE) among peers: -22.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shuifa Energas Gas Co Ltd (603318) | CN¥1.83 Billion | 25.25% | 1.40x | $283.90 Million |
| Xinjiang Zhundong Petroleum (002207) | $156.67 Million | 4.89% | 1.19x | $275.58 Million |
| Yantai Jereh Oilfield Services Group Co Ltd (002353) | $3.16 Billion | 20.35% | 0.48x | $7.68 Billion |
| China Oil HBP Science & Technology Co Ltd (002554) | $1.74 Billion | -28.35% | 1.23x | $416.87 Million |
| Zhejiang Renzhi Co Ltd (002629) | $685.23 Million | 3.58% | 0.12x | $282.35 Million |
| Lanzhou Haimo Technologies Co (300084) | $1.07 Billion | 3.74% | 0.52x | $485.03 Million |
| LandOcean Energy Services Co (300157) | $269.26 Million | -267.05% | 6.94x | $562.67 Million |
| Tong Oil Tools (300164) | $118.51 Million | 30.83% | 0.86x | $511.69 Million |
| Sino Geophysical (300191) | $1.17 Billion | -4.09% | 0.08x | $943.88 Million |
| Chengdu Huaqi Houpu Holding Co Ltd (300471) | $225.12 Million | 0.00% | 1.02x | $599.98 Million |
| Dezhou United Petroleum Technology Co.Ltd. (301158) | $1.33 Billion | 7.45% | 0.34x | $266.67 Million |