Xinjiang East Universe Group Gas Co Ltd (603706) - Net Assets
Based on the latest financial reports, Xinjiang East Universe Group Gas Co Ltd (603706) has net assets worth CN¥1.79 Billion CNY (≈ $261.81 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¥2.59 Billion ≈ $378.88 Million USD) and total liabilities (CN¥800.02 Million ≈ $117.07 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. Check Xinjiang East Universe Group Gas Co Ltd (603706) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.79 Billion |
| % of Total Assets | 69.1% |
| Annual Growth Rate | 22.47% |
| 5-Year Change | 6.71% |
| 10-Year Change | 409.47% |
| Growth Volatility | 32.5 |
Xinjiang East Universe Group Gas Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Xinjiang East Universe Group Gas Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Xinjiang East Universe Group Gas Co Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for Xinjiang East Universe Group Gas Co Ltd (2014–2024)
The table below shows the annual net assets of Xinjiang East Universe Group Gas Co Ltd from 2014 to 2024. For live valuation and market cap data, see Xinjiang East Universe Group Gas Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.81 Billion ≈ $264.52 Million |
+2.15% |
| 2023-12-31 | CN¥1.77 Billion ≈ $258.95 Million |
+3.22% |
| 2022-12-31 | CN¥1.71 Billion ≈ $250.86 Million |
-0.71% |
| 2021-12-31 | CN¥1.73 Billion ≈ $252.67 Million |
+1.92% |
| 2020-12-31 | CN¥1.69 Billion ≈ $247.90 Million |
+45.48% |
| 2019-12-31 | CN¥1.16 Billion ≈ $170.40 Million |
+5.09% |
| 2018-12-31 | CN¥1.11 Billion ≈ $162.15 Million |
+107.68% |
| 2017-12-31 | CN¥533.56 Million ≈ $78.08 Million |
+14.40% |
| 2016-12-31 | CN¥466.38 Million ≈ $68.25 Million |
+31.44% |
| 2015-12-31 | CN¥354.82 Million ≈ $51.92 Million |
+49.02% |
| 2014-12-31 | CN¥238.10 Million ≈ $34.84 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Xinjiang East Universe Group 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 1074.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥407.17 Million | 24.14% |
| Common Stock | CN¥189.38 Million | 11.23% |
| Other Comprehensive Income | CN¥191.47 Million | 11.35% |
| Other Components | CN¥898.72 Million | 53.28% |
| Total Equity | CN¥1.69 Billion | 100.00% |
Xinjiang East Universe Group Gas Co Ltd Competitors by Market Cap
The table below lists competitors of Xinjiang East Universe Group Gas Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Huada New Materials Co Ltd
SHG:605158
|
$599.44 Million |
|
San Miguel AG
BA:SAMI
|
$599.44 Million |
|
Shenzhen Ellassay Fashion Co
SHG:603808
|
$599.51 Million |
|
BECE Legend Group Co Ltd
SHE:000803
|
$599.78 Million |
|
Haier Smart Home Co Ltd
XETRA:690D
|
$599.34 Million |
|
IFE Elevators Co Ltd
SHE:002774
|
$599.10 Million |
|
Shang Gong Group Co Ltd A
SHG:600843
|
$598.73 Million |
|
Shanghai Yongli Belting Co Ltd
SHE:300230
|
$598.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xinjiang East Universe Group Gas Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,649,201,309 to 1,686,747,143, a change of 37,545,834 (2.3%).
- Net income of 197,469,418 contributed positively to equity growth.
- Dividend payments of 173,122,055 reduced retained earnings.
- Other comprehensive income increased equity by 191,473,707.
- Other factors decreased equity by 178,275,236.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥197.47 Million | +11.71% |
| Dividends Paid | CN¥173.12 Million | -10.26% |
| Other Comprehensive Income | CN¥191.47 Million | +11.35% |
| Other Changes | CN¥-178.28 Million | -10.57% |
| Total Change | CN¥- | 2.28% |
Book Value vs Market Value Analysis
This analysis compares Xinjiang East Universe Group 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: 2.43x
- 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 9.22x to 2.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥2.35 | CN¥21.63 | x |
| 2015-12-31 | CN¥3.21 | CN¥21.63 | x |
| 2016-12-31 | CN¥3.88 | CN¥21.63 | x |
| 2017-12-31 | CN¥4.42 | CN¥21.63 | x |
| 2018-12-31 | CN¥8.14 | CN¥21.63 | x |
| 2019-12-31 | CN¥7.28 | CN¥21.63 | x |
| 2020-12-31 | CN¥9.60 | CN¥21.63 | x |
| 2021-12-31 | CN¥8.39 | CN¥21.63 | x |
| 2022-12-31 | CN¥8.34 | CN¥21.63 | x |
| 2023-12-31 | CN¥8.69 | CN¥21.63 | x |
| 2024-12-31 | CN¥8.88 | CN¥21.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xinjiang East Universe Group 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): 11.71%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.68%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.73x
- Recent ROE (11.71%) is below the historical average (16.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 36.65% | 26.32% | 0.75x | 1.86x | CN¥63.44 Million |
| 2015 | 26.78% | 27.21% | 0.67x | 1.48x | CN¥59.53 Million |
| 2016 | 30.66% | 43.95% | 0.44x | 1.57x | CN¥96.34 Million |
| 2017 | 18.10% | 21.69% | 0.56x | 1.48x | CN¥43.22 Million |
| 2018 | 8.48% | 22.38% | 0.31x | 1.21x | CN¥-16.89 Million |
| 2019 | 9.72% | 25.07% | 0.32x | 1.22x | CN¥-3.21 Million |
| 2020 | 6.77% | 12.99% | 0.30x | 1.72x | CN¥-49.92 Million |
| 2021 | 9.81% | 15.77% | 0.38x | 1.62x | CN¥-3.03 Million |
| 2022 | 8.68% | 12.97% | 0.40x | 1.69x | CN¥-20.76 Million |
| 2023 | 11.97% | 16.41% | 0.41x | 1.77x | CN¥32.48 Million |
| 2024 | 11.71% | 13.68% | 0.49x | 1.73x | CN¥28.79 Million |
Industry Comparison
This section compares Xinjiang East Universe Group 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: $1,825,651,419
- Average return on equity (ROE) among peers: 7.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xinjiang East Universe Group Gas Co Ltd (603706) | CN¥1.79 Billion | 36.65% | 0.45x | $599.42 Million |
| Delong Composite Energy Group Co Ltd (000593) | $284.68 Million | 0.20% | 1.09x | $1.33 Billion |
| Xinjiang Haoyuan Natural Gas Co Ltd (002700) | $1.13 Billion | 6.19% | 0.18x | $420.06 Million |
| Foran Energy Group Co Ltd (002911) | $3.73 Billion | 11.03% | 0.89x | $2.32 Billion |
| Top Resource Conservation Engineering Co Ltd (300332) | $3.67 Billion | 2.46% | 1.27x | $727.92 Million |
| Sichuan Qiaoyuan Gas Co.Ltd (301286) | $1.56 Billion | 7.51% | 0.19x | $2.97 Billion |
| Changchun Gas Co Ltd (600333) | $1.31 Billion | 5.73% | 0.49x | $514.22 Million |
| Shanghai DaZhong Public Utilities Group Co Ltd (600635) | $1.12 Billion | 10.71% | 0.29x | $1.87 Billion |
| Bestsun Energy Co Ltd (600681) | $4.60 Billion | 21.86% | 0.93x | $796.61 Million |
| ENN Ecological Holdings Co Ltd (600803) | $356.30 Million | 1.22% | 1.38x | $9.18 Billion |
| Guizhou Gas Group Corporation Ltd Class A (600903) | $491.32 Million | 12.14% | 2.40x | $1.09 Billion |
About Xinjiang East Universe Group Gas Co Ltd
Xinjiang East Universe Gas Co.Ltd. engages in the natural gas sales, natural gas facility equipment installation, and natural gas heating businesses. It also provides refrigeration and air conditioning services. The company was founded in 2001 and is based in Changji, the People's Republic of China