Zhongman Petro & Natural Gas
Zhongman Petroleum and Natural Gas Group Corp.,Ltd., an oil and gas company, engages in the drilling and completion engineering services, and petroleum equipment manufacturing businesses in China and internationally. The company explores for, develops, and produces oil and gas deposits. It also offers drilling and completion services, including integrated drilling engineering, equipment managemen… Read more
Zhongman Petro & Natural Gas (603619) - Net Assets
Latest net assets as of September 2025: CN¥4.63 Billion CNY
Based on the latest financial reports, Zhongman Petro & Natural Gas (603619) has net assets worth CN¥4.63 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¥12.68 Billion) and total liabilities (CN¥8.06 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¥4.63 Billion |
| % of Total Assets | 36.49% |
| Annual Growth Rate | 20.32% |
| 5-Year Change | 124.05% |
| 10-Year Change | 382.29% |
| Growth Volatility | 31.86 |
Zhongman Petro & Natural Gas - Net Assets Trend (2012–2024)
This chart illustrates how Zhongman Petro & Natural Gas's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Zhongman Petro & Natural Gas (2012–2024)
The table below shows the annual net assets of Zhongman Petro & Natural Gas from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.27 Billion | +49.02% |
| 2023-12-31 | CN¥2.86 Billion | +24.56% |
| 2022-12-31 | CN¥2.30 Billion | +16.62% |
| 2021-12-31 | CN¥1.97 Billion | +3.50% |
| 2020-12-31 | CN¥1.90 Billion | -19.50% |
| 2019-12-31 | CN¥2.36 Billion | -0.31% |
| 2018-12-31 | CN¥2.37 Billion | -5.65% |
| 2017-12-31 | CN¥2.51 Billion | +96.65% |
| 2016-12-31 | CN¥1.28 Billion | +44.56% |
| 2015-12-31 | CN¥884.42 Million | +27.12% |
| 2014-12-31 | CN¥695.72 Million | -5.05% |
| 2013-12-31 | CN¥732.69 Million | +58.05% |
| 2012-12-31 | CN¥463.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhongman Petro & Natural Gas'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 1105.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.76 Billion | 43.99% |
| Common Stock | CN¥462.34 Million | 11.56% |
| Other Components | CN¥1.78 Billion | 44.44% |
| Total Equity | CN¥4.00 Billion | 100.00% |
Zhongman Petro & Natural Gas Competitors by Market Cap
The table below lists competitors of Zhongman Petro & Natural Gas ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nanjing Securities Co Ltd
SHG:601990
|
$2.07 Billion |
|
Maxis Berhad
PINK:MAXSF
|
$2.07 Billion |
|
Henan Yuguang Gold & Lead Co Ltd
SHG:600531
|
$2.07 Billion |
|
GRG Banking Equipment Co Ltd
SHE:002152
|
$2.07 Billion |
|
Formosa Petrochemical Corp
TW:6505
|
$2.06 Billion |
|
Bank of Guiyang Co Ltd
SHG:601997
|
$2.06 Billion |
|
NetScout Systems Inc
NASDAQ:NTCT
|
$2.06 Billion |
|
Anhui Zhongding Sealing Parts Co Ltd
SHE:000887
|
$2.06 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhongman Petro & Natural Gas's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,629,156,481 to 3,999,193,361, a change of 1,370,036,880 (52.1%).
- Net income of 725,821,764 contributed positively to equity growth.
- Dividend payments of 597,111,369 reduced retained earnings.
- Share repurchases of 80,006,821 reduced equity.
- Other factors increased equity by 1,321,333,306.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥725.82 Million | +18.15% |
| Dividends Paid | CN¥597.11 Million | -14.93% |
| Share Repurchases | CN¥80.01 Million | -2.0% |
| Other Changes | CN¥1.32 Billion | +33.04% |
| Total Change | CN¥- | 52.11% |
Book Value vs Market Value Analysis
This analysis compares Zhongman Petro & Natural Gas'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: 3.78x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 27.53x to 3.78x 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¥1.33 | CN¥36.49 | x |
| 2013-12-31 | CN¥2.10 | CN¥36.49 | x |
| 2014-12-31 | CN¥1.94 | CN¥36.49 | x |
| 2015-12-31 | CN¥2.44 | CN¥36.49 | x |
| 2016-12-31 | CN¥3.54 | CN¥36.49 | x |
| 2017-12-31 | CN¥6.76 | CN¥36.49 | x |
| 2018-12-31 | CN¥5.54 | CN¥36.49 | x |
| 2019-12-31 | CN¥5.91 | CN¥36.49 | x |
| 2020-12-31 | CN¥4.76 | CN¥36.49 | x |
| 2021-12-31 | CN¥4.93 | CN¥36.49 | x |
| 2022-12-31 | CN¥5.76 | CN¥36.49 | x |
| 2023-12-31 | CN¥6.62 | CN¥36.49 | x |
| 2024-12-31 | CN¥9.64 | CN¥36.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhongman Petro & Natural Gas 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): 18.15%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.55%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 2.99x
- Recent ROE (18.15%) is above the historical average (11.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 11.56% | 8.14% | 0.50x | 2.85x | CN¥7.20 Million |
| 2013 | 6.68% | 6.59% | 0.44x | 2.30x | CN¥-24.31 Million |
| 2014 | 8.75% | 4.63% | 0.52x | 3.64x | CN¥-8.71 Million |
| 2015 | 21.32% | 11.55% | 0.65x | 2.84x | CN¥100.12 Million |
| 2016 | 30.83% | 24.71% | 0.61x | 2.04x | CN¥266.27 Million |
| 2017 | 15.69% | 22.26% | 0.48x | 1.48x | CN¥143.09 Million |
| 2018 | 1.26% | 2.16% | 0.32x | 1.82x | CN¥-207.25 Million |
| 2019 | 0.73% | 0.70% | 0.45x | 2.29x | CN¥-219.26 Million |
| 2020 | -25.52% | -30.67% | 0.31x | 2.65x | CN¥-676.57 Million |
| 2021 | 3.75% | 4.20% | 0.30x | 2.98x | CN¥-123.21 Million |
| 2022 | 20.98% | 15.08% | 0.45x | 3.11x | CN¥252.43 Million |
| 2023 | 30.87% | 21.75% | 0.41x | 3.47x | CN¥548.78 Million |
| 2024 | 18.15% | 17.55% | 0.35x | 2.99x | CN¥325.90 Million |
Industry Comparison
This section compares Zhongman Petro & Natural Gas's net assets metrics with peer companies in the Oil & Gas Integrated industry.
Industry Context
- Industry: Oil & Gas Integrated
- Average net assets among peers: $7,435,609,537
- Average return on equity (ROE) among peers: 6.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhongman Petro & Natural Gas (603619) | CN¥4.63 Billion | 11.56% | 1.74x | $2.06 Billion |
| Sichuan Shengda Forestry Industry Co Ltd (002259) | $298.92 Million | 9.47% | 1.59x | $388.91 Million |
| Guanghui Energy Co Ltd (600256) | $14.57 Billion | 4.48% | 2.09x | $5.13 Billion |