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← CockpitCompetitor Analysis › 300332.SZ Top Resource Energy Co., Ltd. Class AOpen in the cockpit ↗

Top Resource Energy Co., Ltd. Class A300332.SZCompetitor analysis, valuation and peers

China · CNY·Utilities›Gas Distributors
Momentum neutral 49
Mkt cap
$556M
US dollars, full cap
Free float
74%
of shares outstanding
$/day
$10.1M
20-day average traded
P/B
0.96×
price to book
ROE
-6.1%
delivered
Implied ROE
8.5%
what the price asks
Next earnings
173 days
28 Apr 2027
Close · CNYCN¥4.49
1D0.0%
1W+3.2%
1M-10.6%
3M-6.1%
6M-20.1%
YTD-14.0%
1Y-24.0%
ATR %3.2%
52w lowhigh42.8% off high

What Top Resource Energy does

Employees: 1,265

Top Resource Energy at a glance

Size Top Resource Energy (300332.SZ) is a China Utilities company (Gas Distributors) with a market value of $556M, the 3600th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.49 on 6 Nov 2026.

Performance Over six months the shares fell 20.1%, against -13.6% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 20 in its peer set.

Growth Revenue fell 2.9% over the last twelve months (peer median +0.1%); the operating margin is 0.3% (peer median 8.2%).

Valuation It trades at 0.96× book value against a peer median of 1.08× (9th cheapest of 21).

Price implies The share price implies a return on equity of about 8.5%; Top Resource Energy delivers -6.1%, so the price asks more than the business earns today.

Next results Next results expected around 28 Apr 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 90300332.SZ 79
Six months, rebased to 100: Top Resource Energy against the median of its 20 peers (local-currency closes).

Top Resource Energy financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥2.67BCN¥2.57BCN¥3.83BCN¥4.51BCN¥3.83B
Revenue growth—-33%-15%+18%—
Gross profitCN¥662MCN¥451MCN¥423MCN¥760MCN¥895M
EBITDAn/aCN¥365MCN¥378MCN¥734MCN¥860M
Net income-CN¥253M-CN¥280MCN¥125MCN¥240MCN¥366M
Free cash flowCN¥420M-CN¥179MCN¥196MCN¥137MCN¥156M
Capital expenditureCN¥310MCN¥205MCN¥259MCN¥404MCN¥314M
Total debtCN¥2.11BCN¥2.66BCN¥2.50BCN¥2.78BCN¥2.88B

Quarterly statements and history in the cockpit →

Top Resource Energy competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-20%0%+20%16636037066036890004079536954300009695342734605368002259ASC9908CLNEYU0012996030803633000593300332.SZ6-month return →1-month return →
Up and to the right = strong over both horizons. Top Resource Energy is the large dot.

Fundamentals: return on equity against price-to-book

0%20%40%20×40×60×16636037066036890004079536000096002259ASCCLNEYU0012998908603080000593300332.SZReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Top Resource Energy is the large dot.

Capital: ROE delivered against the ROE the price implies

0%20%40%0%20%40%16636037066036890004079536002259CLNEYU00129989083633000593300332.SZROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Top Resource Energy is the large dot.

Top Resource Energy competitors and peer comparison

How Top Resource Energy compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Top Resource Energy against its 20 peers (data as of 6 Nov 2026)
Measure300332.SZPeer medianRank in peer set
1-month return-10.6%-2.9%5th lowest of 20
6-month return-20.1%-13.6%4th lowest of 20
Return on equity-6.1%7.4%2nd lowest of 21
Price / book0.96×1.08×9th cheapest of 21
ROE the price implies8.5%7.0%8th most demanding of 21
ROE delivered-6.1%7.5%2nd lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Top Resource Energy 300332.SZChina$556M-20%-3%-6%0.96×8.5%-6.1%
K&O Energy 1663.TJapan$585M-28%-1%7%0.84×7.0%6.9%
Xinjiang East Universe (Group) Gas 603706.SSChina$521M-15%-14%13%2.03×9.3%12.9%
Anhui Province Natural Gas Development 603689.SSChina$601M-10%-9%10%1.06×4.9%9.7%
Shandong Shengli 000407.SZChina$512M-20%0%5%1.09×6.6%5.1%
Saibu Gas 9536.TJapan$630M+23%-6%9%0.78×3.8%9.0%
Shizuoka Gas 9543.TJapan$631M-5%0%7%0.72×3.6%7.4%
Shenzhen Guangju Energy 000096.SZChina$634M-18%+4%6%1.51×8.1%6.1%
Hokkaido Gas 9534.TJapan$468M+3%+1%10%0.75×4.7%9.7%
Sala 2734.TJapan$456M+9%+3%8%0.75×5.3%7.8%
Henan Lantian Gas 605368.SSChina$687M-18%-9%7%1.33×4.0%6.8%
Sichuan Shengda Forestry Industry 002259.SZChina$447M-27%-1%56%6.33×37.8%56.1%
Ascopiave ASC.MIItaly$699M-8%+34%4%0.70×7.0%4.1%
Great Taipei Gas 9908.TWTaiwan$435M-3%0%7%0.97×3.5%7.5%
Clean Energy Fuels CLNEUnited States$421M-14%+4%-16%0.76×11.6%-16.4%
Yu Group PLC YU..LUnited Kingdom$414M+3%+14%38%3.00×33.6%38.5%
Shaanxi Meineng Clean Energy 001299.SZChina$411M-19%-6%7%2.42×19.2%7.2%
Shinhsiung Natural Gas 8908.TWTaiwan$382Mn/a+2%16%3.07×8.4%16.2%
Xinjiang Torch Gas 603080.SSChina$378M-19%+1%12%1.53×10.0%12.5%
Zhongyu Energy 3633.HKHong Kong$896M-7%-7%3%0.87×5.0%2.9%
Delong Composite Energy 000593.SZChina$896M-34%-24%2%6.65×67.1%1.8%

Questions

Which companies are Top Resource Energy's closest peers?
The cockpit's peer set: K&O Energy (1663.T), Xinjiang East Universe (Group) Gas (603706.SS), Anhui Province Natural Gas Development (603689.SS), Shandong Shengli (000407.SZ), Saibu Gas (9536.T), Shizuoka Gas (9543.T), Shenzhen Guangju Energy (000096.SZ), Hokkaido Gas (9534.T).
Is Top Resource Energy expensive compared with its peers?
On price / book it trades at 0.96× against a peer median of 1.08×, 9th cheapest of 21 in its peer set. The share price implies a return on equity of about 8.5%; Top Resource Energy delivers -6.1%, so the price asks more than the business earns today.
How has Top Resource Energy stock performed?
Over six months to 6 Nov 2026 the shares returned -20.1% against -13.6% for the median peer; over one year -24.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.