Henan Lantian Gas Co Ltd (605368) - Net Assets
Based on the latest financial reports, Henan Lantian Gas Co Ltd (605368) has net assets worth CN¥3.33 Billion CNY (≈ $487.72 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¥5.89 Billion ≈ $861.47 Million USD) and total liabilities (CN¥2.55 Billion ≈ $373.75 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. Read 605368 current and long-term liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.33 Billion |
| % of Total Assets | 56.62% |
| Annual Growth Rate | 18.1% |
| 5-Year Change | 98.61% |
| 10-Year Change | 197.54% |
| Growth Volatility | 22.02 |
Henan Lantian Gas Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Henan Lantian Gas Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Henan Lantian Gas Co Ltd (605368) total assets for the complete picture of this company's asset base.
Annual Net Assets for Henan Lantian Gas Co Ltd (2008–2024)
The table below shows the annual net assets of Henan Lantian Gas Co Ltd from 2008 to 2024. For live valuation and market cap data, see market cap of Henan Lantian Gas Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.68 Billion ≈ $538.56 Million |
-5.64% |
| 2023-12-31 | CN¥3.90 Billion ≈ $570.74 Million |
+5.26% |
| 2022-12-31 | CN¥3.71 Billion ≈ $542.21 Million |
+27.32% |
| 2021-12-31 | CN¥2.91 Billion ≈ $425.85 Million |
+57.05% |
| 2020-12-31 | CN¥1.85 Billion ≈ $271.16 Million |
+8.31% |
| 2019-12-31 | CN¥1.71 Billion ≈ $250.35 Million |
+11.10% |
| 2018-12-31 | CN¥1.54 Billion ≈ $225.34 Million |
+13.32% |
| 2017-12-31 | CN¥1.36 Billion ≈ $198.86 Million |
+7.97% |
| 2016-12-31 | CN¥1.26 Billion ≈ $184.18 Million |
+1.76% |
| 2015-12-31 | CN¥1.24 Billion ≈ $181.00 Million |
+33.90% |
| 2014-12-31 | CN¥923.76 Million ≈ $135.18 Million |
+16.74% |
| 2013-12-31 | CN¥791.33 Million ≈ $115.80 Million |
+70.30% |
| 2010-12-31 | CN¥464.66 Million ≈ $67.99 Million |
+17.78% |
| 2009-12-31 | CN¥394.52 Million ≈ $57.73 Million |
+53.43% |
| 2008-12-31 | CN¥257.13 Million ≈ $37.63 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Henan Lantian 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 16689.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.10 Billion | 30.36% |
| Common Stock | CN¥714.63 Million | 19.77% |
| Other Components | CN¥1.80 Billion | 49.87% |
| Total Equity | CN¥3.61 Billion | 100.00% |
Henan Lantian Gas Co Ltd Competitors by Market Cap
The table below lists competitors of Henan Lantian Gas Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ninety One Ltd
JSE:NY1
|
$812.58 Million |
|
MetroCity Bankshares
NASDAQ:MCBS
|
$812.67 Million |
|
Wecome Intelligent Manufacturing Co. Ltd.
SHG:603070
|
$812.70 Million |
|
Quanex Building Products
NYSE:NX
|
$813.11 Million |
|
Banco Mercantil do Brasil S.A
SA:BMEB3
|
$812.53 Million |
|
Scope Metals Group Ltd
TA:SCOP
|
$812.38 Million |
|
Matthews International Corporation
NASDAQ:MATW
|
$812.08 Million |
|
Patriot Battery Metals Inc
AU:PMT
|
$812.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Henan Lantian Gas Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,837,305,517 to 3,614,262,177, a change of -223,043,340 (-5.8%).
- Net income of 503,382,062 contributed positively to equity growth.
- Dividend payments of 926,519,790 reduced retained earnings.
- Other factors increased equity by 200,094,388.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥503.38 Million | +13.93% |
| Dividends Paid | CN¥926.52 Million | -25.64% |
| Other Changes | CN¥200.09 Million | +5.54% |
| Total Change | CN¥- | -5.81% |
Book Value vs Market Value Analysis
This analysis compares Henan Lantian 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: 1.59x
- 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 6.35x to 1.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥1.22 | CN¥7.77 | x |
| 2009-12-31 | CN¥1.83 | CN¥7.77 | x |
| 2010-12-31 | CN¥2.07 | CN¥7.77 | x |
| 2013-12-31 | CN¥1.54 | CN¥7.77 | x |
| 2014-12-31 | CN¥1.80 | CN¥7.77 | x |
| 2015-12-31 | CN¥2.64 | CN¥7.77 | x |
| 2016-12-31 | CN¥2.25 | CN¥7.77 | x |
| 2017-12-31 | CN¥3.42 | CN¥7.77 | x |
| 2018-12-31 | CN¥2.76 | CN¥7.77 | x |
| 2019-12-31 | CN¥2.64 | CN¥7.77 | x |
| 2020-12-31 | CN¥4.19 | CN¥7.77 | x |
| 2021-12-31 | CN¥5.13 | CN¥7.77 | x |
| 2022-12-31 | CN¥5.29 | CN¥7.77 | x |
| 2023-12-31 | CN¥5.38 | CN¥7.77 | x |
| 2024-12-31 | CN¥4.88 | CN¥7.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Henan Lantian 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): 13.93%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.59%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.72x
- Recent ROE (13.93%) is below the historical average (18.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 27.16% | 7.50% | 1.16x | 3.13x | CN¥44.12 Million |
| 2009 | 24.61% | 10.86% | 0.79x | 2.88x | CN¥56.11 Million |
| 2010 | 26.75% | 10.90% | 0.95x | 2.59x | CN¥77.81 Million |
| 2013 | 23.89% | 9.49% | 1.04x | 2.43x | CN¥109.92 Million |
| 2014 | 22.81% | 10.80% | 0.83x | 2.56x | CN¥118.33 Million |
| 2015 | 14.58% | 8.73% | 0.70x | 2.40x | CN¥56.70 Million |
| 2016 | 11.10% | 7.05% | 0.66x | 2.39x | CN¥13.83 Million |
| 2017 | 15.86% | 8.58% | 0.79x | 2.34x | CN¥79.70 Million |
| 2018 | 19.25% | 9.25% | 0.94x | 2.21x | CN¥142.52 Million |
| 2019 | 19.05% | 8.97% | 0.97x | 2.19x | CN¥154.87 Million |
| 2020 | 18.00% | 9.37% | 0.96x | 2.00x | CN¥147.93 Million |
| 2021 | 14.47% | 10.79% | 0.76x | 1.77x | CN¥129.99 Million |
| 2022 | 16.18% | 12.46% | 0.76x | 1.71x | CN¥226.37 Million |
| 2023 | 15.80% | 12.26% | 0.74x | 1.75x | CN¥222.58 Million |
| 2024 | 13.93% | 10.59% | 0.77x | 1.72x | CN¥141.96 Million |
Industry Comparison
This section compares Henan Lantian 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 |
|---|---|---|---|---|
| Henan Lantian Gas Co Ltd (605368) | CN¥3.33 Billion | 27.16% | 0.77x | $812.54 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 Henan Lantian Gas Co Ltd
Henan Lantian Gas Co.,Ltd., together with its subsidiaries, transports and sells natural gas pipelines in China. It operates through Natural Gas Business, Engineering Installation Business, and Others segments. The company develops and utilizes natural gas-related products. It is also involved in midstream long-distance natural gas pipelines and downstream city gas businesses; gas transmission an… Read more