Anhui Province Natural Gas Development Co Ltd
Anhui Province Natural Gas DevelopmentCo.,Ltd. engages in the investment, construction, and operation of long-distance natural gas pipelines in China. The company sells natural gas to downstream customers, such as urban gas companies and direct industrial users through self-built long-distance pipelines; natural gas, LNG, and CNG to large industrial customers, urban gas operators, transportation … Read more
Anhui Province Natural Gas Development Co Ltd (603689) - Net Assets
Latest net assets as of September 2025: CN¥3.96 Billion CNY
Based on the latest financial reports, Anhui Province Natural Gas Development Co Ltd (603689) has net assets worth CN¥3.96 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¥7.57 Billion) and total liabilities (CN¥3.61 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¥3.96 Billion |
| % of Total Assets | 52.29% |
| Annual Growth Rate | 20.91% |
| 5-Year Change | 47.56% |
| 10-Year Change | 199.54% |
| Growth Volatility | 33.1 |
Anhui Province Natural Gas Development Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Anhui Province Natural Gas Development 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 Anhui Province Natural Gas Development Co Ltd (2011–2024)
The table below shows the annual net assets of Anhui Province Natural Gas Development Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.89 Billion | +9.59% |
| 2023-12-31 | CN¥3.55 Billion | +16.25% |
| 2022-12-31 | CN¥3.05 Billion | +7.61% |
| 2021-12-31 | CN¥2.84 Billion | +7.62% |
| 2020-12-31 | CN¥2.64 Billion | +7.28% |
| 2019-12-31 | CN¥2.46 Billion | +8.50% |
| 2018-12-31 | CN¥2.27 Billion | +6.80% |
| 2017-12-31 | CN¥2.12 Billion | +52.88% |
| 2016-12-31 | CN¥1.39 Billion | +6.81% |
| 2015-12-31 | CN¥1.30 Billion | +24.56% |
| 2014-12-31 | CN¥1.04 Billion | +23.59% |
| 2013-12-31 | CN¥844.11 Million | +11.15% |
| 2012-12-31 | CN¥759.40 Million | +130.43% |
| 2011-12-31 | CN¥329.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Anhui Province Natural Gas Development 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 1316.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.52 Billion | 46.00% |
| Common Stock | CN¥490.48 Million | 14.86% |
| Other Components | CN¥1.29 Billion | 39.14% |
| Total Equity | CN¥3.30 Billion | 100.00% |
Anhui Province Natural Gas Development Co Ltd Competitors by Market Cap
The table below lists competitors of Anhui Province Natural Gas Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mdevice
KQ:226590
|
$191.31 Million |
|
Gourmet Master Co Ltd
TW:2723
|
$191.36 Million |
|
Jiangxi Hengda Hi-Tech Co Ltd
SHE:002591
|
$191.36 Million |
|
TOYO Corporation
MU:TOY
|
$191.38 Million |
|
NEOBO FASTIGHETER
ST:NEOBO
|
$191.28 Million |
|
Hunan Xiangjia Animal Husbandry Co
SHE:002982
|
$191.27 Million |
|
Rashtriya Chemicals and Fertilizers Limited
NSE:RCF
|
$191.22 Million |
|
KG Mobility Corp.
KO:003620
|
$191.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Anhui Province Natural Gas Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,040,844,369 to 3,300,285,057, a change of 259,440,688 (8.5%).
- Net income of 332,632,550 contributed positively to equity growth.
- Dividend payments of 218,017,760 reduced retained earnings.
- Other factors increased equity by 144,825,898.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥332.63 Million | +10.08% |
| Dividends Paid | CN¥218.02 Million | -6.61% |
| Other Changes | CN¥144.83 Million | +4.39% |
| Total Change | CN¥- | 8.53% |
Book Value vs Market Value Analysis
This analysis compares Anhui Province Natural Gas Development 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: 1.55x
- 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 5.74x to 1.55x 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¥1.50 | CN¥8.61 | x |
| 2012-12-31 | CN¥2.39 | CN¥8.61 | x |
| 2013-12-31 | CN¥2.26 | CN¥8.61 | x |
| 2014-12-31 | CN¥2.58 | CN¥8.61 | x |
| 2015-12-31 | CN¥2.89 | CN¥8.61 | x |
| 2016-12-31 | CN¥3.12 | CN¥8.61 | x |
| 2017-12-31 | CN¥4.09 | CN¥8.61 | x |
| 2018-12-31 | CN¥4.25 | CN¥8.61 | x |
| 2019-12-31 | CN¥4.68 | CN¥8.61 | x |
| 2020-12-31 | CN¥4.99 | CN¥8.61 | x |
| 2021-12-31 | CN¥5.25 | CN¥8.61 | x |
| 2022-12-31 | CN¥4.83 | CN¥8.61 | x |
| 2023-12-31 | CN¥5.22 | CN¥8.61 | x |
| 2024-12-31 | CN¥5.56 | CN¥8.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Anhui Province Natural Gas Development 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): 10.08%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.74%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 2.26x
- Recent ROE (10.08%) is below the historical average (10.35%), 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 | 19.05% | 6.54% | 1.02x | 2.87x | CN¥29.84 Million |
| 2012 | 9.25% | 4.94% | 1.11x | 1.69x | CN¥-5.49 Million |
| 2013 | 12.00% | 5.51% | 1.14x | 1.90x | CN¥15.87 Million |
| 2014 | 11.92% | 4.63% | 1.12x | 2.29x | CN¥17.42 Million |
| 2015 | 11.35% | 4.41% | 1.00x | 2.56x | CN¥13.78 Million |
| 2016 | 8.24% | 4.27% | 0.78x | 2.48x | CN¥-19.66 Million |
| 2017 | 6.64% | 4.84% | 0.83x | 1.65x | CN¥-62.85 Million |
| 2018 | 8.73% | 5.44% | 1.03x | 1.56x | CN¥-25.63 Million |
| 2019 | 10.17% | 5.37% | 1.22x | 1.55x | CN¥3.72 Million |
| 2020 | 8.90% | 4.39% | 1.29x | 1.57x | CN¥-25.75 Million |
| 2021 | 8.03% | 4.18% | 0.95x | 2.01x | CN¥-50.69 Million |
| 2022 | 9.20% | 4.30% | 0.99x | 2.17x | CN¥-22.18 Million |
| 2023 | 11.31% | 5.64% | 0.87x | 2.30x | CN¥39.88 Million |
| 2024 | 10.08% | 5.74% | 0.78x | 2.26x | CN¥2.60 Million |
Industry Comparison
This section compares Anhui Province Natural Gas Development Co Ltd's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $4,644,785,615
- Average return on equity (ROE) among peers: 14.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Anhui Province Natural Gas Development Co Ltd (603689) | CN¥3.96 Billion | 19.05% | 0.91x | $191.29 Million |
| Senton Energy Co. Ltd. A (001331) | $565.63 Million | 19.77% | 0.96x | $507.09 Million |
| Shaanxi Provincial Natural Gas Co Ltd (002267) | $732.87 Million | 34.64% | 1.53x | $428.58 Million |
| Zhuhai Winbase International Chemical Tank Terminal Co Ltd (002492) | $1.29 Billion | 4.09% | 0.26x | $239.45 Million |
| Shanxi Guoxin Energy Co Ltd A (600617) | $284.02 Million | 14.94% | 0.47x | $396.16 Million |
| China Merchants Energy Shipping Co Ltd (601872) | $19.27 Billion | 3.19% | 0.96x | $5.39 Billion |
| Nanjing Tanker Corp (601975) | $760.98 Million | 10.11% | 0.13x | $1.98 Billion |
| Jiangxi Jovo Energy Co. Ltd (605090) | $9.61 Billion | 17.51% | 0.58x | $1.65 Billion |