Zhongman Petro & Natural Gas (603619) - Net Assets

Latest as of September 2025: CN¥4.63 Billion CNY ≈ $677.24 Million USD

Based on the latest financial reports, Zhongman Petro & Natural Gas (603619) has net assets worth CN¥4.63 Billion CNY (≈ $677.24 Million USD) 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 ≈ $1.86 Billion USD) and total liabilities (CN¥8.06 Billion ≈ $1.18 Billion 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 603619 tangible net worth ratio to evaluate the tangible quality of the company's equity base.

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. See Zhongman Petro & Natural Gas (603619) defensive interval to measure how many days the company can operate on defensive assets alone.

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. For live valuation and market cap data, see Zhongman Petro & Natural Gas stock valuation.

Year	Net Assets	Change
2024-12-31	CN¥4.27 Billion ≈ $624.17 Million	+49.02%
2023-12-31	CN¥2.86 Billion ≈ $418.83 Million	+24.56%
2022-12-31	CN¥2.30 Billion ≈ $336.24 Million	+16.62%
2021-12-31	CN¥1.97 Billion ≈ $288.33 Million	+3.50%
2020-12-31	CN¥1.90 Billion ≈ $278.58 Million	-19.50%
2019-12-31	CN¥2.36 Billion ≈ $346.06 Million	-0.31%
2018-12-31	CN¥2.37 Billion ≈ $347.12 Million	-5.65%
2017-12-31	CN¥2.51 Billion ≈ $367.92 Million	+96.65%
2016-12-31	CN¥1.28 Billion ≈ $187.09 Million	+44.56%
2015-12-31	CN¥884.42 Million ≈ $129.42 Million	+27.12%
2014-12-31	CN¥695.72 Million ≈ $101.81 Million	-5.05%
2013-12-31	CN¥732.69 Million ≈ $107.22 Million	+58.05%
2012-12-31	CN¥463.58 Million ≈ $67.84 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
Perenti Ltd AU:PRN	$1.52 Billion
IMDEX Ltd AU:IMD	$1.52 Billion
Shenzhen Chipscreen Biosciences Co SHG:688321	$1.52 Billion
Marqeta Inc NASDAQ:MQ	$1.52 Billion
Digiwin Software Co Ltd SHE:300378	$1.52 Billion
LPI Capital Bhd KLSE:8621	$1.52 Billion
Bros Eastern Co Ltd SHG:601339	$1.52 Billion
Lier Chemical Co Ltd SHE:002258	$1.52 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: 2.33x
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 16.91x to 2.33x 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¥22.42	x
2013-12-31	CN¥2.10	CN¥22.42	x
2014-12-31	CN¥1.94	CN¥22.42	x
2015-12-31	CN¥2.44	CN¥22.42	x
2016-12-31	CN¥3.54	CN¥22.42	x
2017-12-31	CN¥6.76	CN¥22.42	x
2018-12-31	CN¥5.54	CN¥22.42	x
2019-12-31	CN¥5.91	CN¥22.42	x
2020-12-31	CN¥4.76	CN¥22.42	x
2021-12-31	CN¥4.93	CN¥22.42	x
2022-12-31	CN¥5.76	CN¥22.42	x
2023-12-31	CN¥6.62	CN¥22.42	x
2024-12-31	CN¥9.64	CN¥22.42	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: $590,699,834,462
Average return on equity (ROE) among peers: 16.14%

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	$1.52 Billion
Sichuan Shengda Forestry Industry Co Ltd (002259)	$124.29 Million	40.39%	6.78x	$468.98 Million
China Petroleum & Chemical Corp Class A (600028)	$989.77 Billion	3.21%	1.24x	$66.95 Billion
Guanghui Energy Co Ltd (600256)	$168.04 Million	20.40%	0.92x	$4.85 Billion
PetroChina Co Ltd Class A (601857)	$1.37 Trillion	0.57%	0.75x	$226.99 Billion

About Zhongman Petro & Natural Gas

SHG:603619 China Oil & Gas Integrated

Market Cap

$1.52 Billion

CN¥10.37 Billion CNY

Market Cap Rank

#7331 Global

#1686 in China

Share Price

CN¥22.42

Change (1 day)

-0.80%

52-Week Range

CN¥18.57 - CN¥47.05

All Time High

CN¥47.13