China Railway Group Limited (CNO) - Net Assets
Based on the latest financial reports, China Railway Group Limited (CNO) has net assets worth €520.84 Billion EUR (≈ $608.91 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€2.38 Trillion ≈ $2.78 Trillion USD) and total liabilities (€1.86 Trillion ≈ $2.17 Trillion 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 China Railway Group Limited asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €520.84 Billion |
| % of Total Assets | 21.91% |
| Annual Growth Rate | 16.31% |
| 5-Year Change | 62.88% |
| 10-Year Change | 265.95% |
| Growth Volatility | 8.0 |
China Railway Group Limited - Net Assets Trend (2013–2024)
This chart illustrates how China Railway Group Limited's net assets have evolved over time, based on quarterly financial data. Also explore CNO asset base for the complete picture of this company's asset base.
Annual Net Assets for China Railway Group Limited (2013–2024)
The table below shows the annual net assets of China Railway Group Limited from 2013 to 2024. For live valuation and market cap data, see CNO company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €510.14 Billion ≈ $596.41 Billion |
+10.92% |
| 2023-12-31 | €459.90 Billion ≈ $537.67 Billion |
+8.71% |
| 2022-12-31 | €423.06 Billion ≈ $494.60 Billion |
+18.06% |
| 2021-12-31 | €358.34 Billion ≈ $418.94 Billion |
+14.42% |
| 2020-12-31 | €313.19 Billion ≈ $366.16 Billion |
+27.59% |
| 2019-12-31 | €245.47 Billion ≈ $286.99 Billion |
+10.50% |
| 2018-12-31 | €222.14 Billion ≈ $259.71 Billion |
+30.89% |
| 2017-12-31 | €169.72 Billion ≈ $198.42 Billion |
+13.78% |
| 2016-12-31 | €149.16 Billion ≈ $174.38 Billion |
+7.00% |
| 2015-12-31 | €139.40 Billion ≈ $162.97 Billion |
+27.82% |
| 2014-12-31 | €109.06 Billion ≈ $127.51 Billion |
+12.67% |
| 2013-12-31 | €96.80 Billion ≈ $113.17 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to China Railway Group Limited'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 475.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €200.97 Billion | 56.66% |
| Other Components | €153.74 Billion | 43.34% |
| Total Equity | €354.71 Billion | 100.00% |
China Railway Group Limited Competitors by Market Cap
The table below lists competitors of China Railway Group Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ceconomy AG
XETRA:CEC
|
$2.02 Billion |
|
Atkore International Group Inc
NYSE:ATKR
|
$2.02 Billion |
|
Kardex
SW:KARN
|
$2.02 Billion |
|
BWP Trust
AU:BWP
|
$2.02 Billion |
|
China Leadshine Technology Co Ltd
SHE:002979
|
$2.02 Billion |
|
Chongqing Sanfeng Environment Group Corp Ltd
SHG:601827
|
$2.02 Billion |
|
Entra ASA
OL:ENTRA
|
$2.02 Billion |
|
Hunan Kaimeite Gases Co Ltd
SHE:002549
|
$2.02 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Railway Group Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 332,533,508,000 to 354,714,424,000, a change of 22,180,916,000 (6.7%).
- Net income of 27,886,745,000 contributed positively to equity growth.
- Dividend payments of 21,919,053,000 reduced retained earnings.
- Other factors increased equity by 16,213,224,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €27.89 Billion | +7.86% |
| Dividends Paid | €21.92 Billion | -6.18% |
| Other Changes | €16.21 Billion | +4.57% |
| Total Change | €- | 6.67% |
Book Value vs Market Value Analysis
This analysis compares China Railway Group Limited'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: 0.03x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €6.80 | €0.41 | x |
| 2018-12-31 | €8.40 | €0.41 | x |
| 2019-12-31 | €9.01 | €0.41 | x |
| 2020-12-31 | €10.39 | €0.41 | x |
| 2021-12-31 | €11.20 | €0.41 | x |
| 2022-12-31 | €12.17 | €0.41 | x |
| 2023-12-31 | €13.43 | €0.41 | x |
| 2024-12-31 | €14.34 | €0.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Railway Group Limited 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): 7.86%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.40%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 6.36x
- Recent ROE (7.86%) is below the historical average (9.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 10.82% | 1.67% | 0.89x | 7.25x | €711.29 Million |
| 2014 | 10.49% | 1.69% | 0.90x | 6.92x | €487.99 Million |
| 2015 | 9.39% | 1.96% | 0.87x | 5.47x | €-801.02 Million |
| 2016 | 8.91% | 1.96% | 0.85x | 5.38x | €-1.52 Billion |
| 2017 | 10.34% | 2.33% | 0.82x | 5.43x | €528.77 Million |
| 2018 | 8.97% | 2.33% | 0.78x | 4.92x | €-1.98 Billion |
| 2019 | 10.69% | 2.79% | 0.80x | 4.77x | €1.53 Billion |
| 2020 | 9.86% | 2.59% | 0.81x | 4.70x | €-346.69 Million |
| 2021 | 10.03% | 2.58% | 0.79x | 4.95x | €90.52 Million |
| 2022 | 10.38% | 2.71% | 0.72x | 5.36x | €1.15 Billion |
| 2023 | 10.07% | 2.65% | 0.69x | 5.50x | €229.42 Million |
| 2024 | 7.86% | 2.40% | 0.51x | 6.36x | €-7.58 Billion |
Industry Comparison
This section compares China Railway Group Limited's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $43,529,309,601
- Average return on equity (ROE) among peers: -55.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Railway Group Limited (CNO) | €520.84 Billion | 10.82% | 3.56x | $2.02 Billion |
| SINOPEC Engineering (Group) Co. Ltd (1NS) | $30.04 Billion | 7.60% | 1.62x | $1.11 Billion |
| China Aluminum International Engineering Corporation Limited (4AI) | $15.64 Billion | -12.64% | 2.49x | $129.83 Million |
| China Railway Construction Corporation Limited (4FF) | $262.02 Billion | 7.71% | 3.13x | $1.55 Billion |
| Metallurgical Corporation of China Ltd (6MT) | $83.11 Billion | 6.47% | 3.54x | $620.95 Million |
| TEKMAR GROUP PLC LS-01 (6UA) | $24.44 Million | -15.98% | 0.72x | $14.51 Million |
| Monadelphous Group Ltd (8MP) | $368.10 Million | 28.75% | 1.16x | $1.78 Billion |
| OPERAD.D.SIT.MEX.A1 -01 (98Y) | $43.87 Billion | -0.52% | 1.37x | $2.45 Billion |
| ENERSIDE ENERGY EO -01 (9O8) | $6.44 Million | -601.62% | 10.66x | $39.43 Million |
| ABO Wind AG (AB9) | $51.99 Million | 14.95% | 1.41x | $58.64 Million |
| SRV YHTIOET OYJ (B7J1) | $166.00 Million | 9.31% | 2.00x | $87.79 Million |
About China Railway Group Limited
China Railway Group Limited, together with its subsidiaries, operates as a multi-functional integrated construction company in Mainland China and internationally. It operates through Infrastructure Construction; Survey, Design and Consulting Services; Engineering Equipment and Component Manufacturing; Property Development; and Other Businesses. The Infrastructure Construction segment constructs r… Read more