Jiangsu Expressway Company Limited Net Assets
Jiangsu Expressway Company Limited net assets. Based on the latest financial reports, Jiangsu Expressway Company Limited (JE2) has net assets worth €57.20 Billion EUR (≈ $66.88 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€99.98 Billion ≈ $116.89 Billion USD) and total liabilities (€42.78 Billion ≈ $50.01 Billion 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. Also explore JE2 net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €57.20 Billion |
| % of Total Assets | 57.22% |
| Annual Growth Rate | 8.75% |
| 5-Year Change | 55.49% |
| 10-Year Change | 139.65% |
| Growth Volatility | 5.79 |
Net Assets of Jiangsu Expressway Company Limited (2013–2025)
Net assets of Jiangsu Expressway Company Limited from 2013 to 2025. This chart illustrates how Jiangsu Expressway Company Limited's net assets have evolved over time, based on quarterly financial data. See JE2 equity financing ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Jiangsu Expressway Company Limited (2013–2025)
The table below shows the annual net assets of Jiangsu Expressway Company Limited from 2013 to 2025. For live market cap and overall valuation, see Jiangsu Expressway Company Limited (JE2) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €54.98 Billion ≈ $64.28 Billion |
+10.55% |
| 2024-12-31 | €49.73 Billion ≈ $58.14 Billion |
+21.63% |
| 2023-12-31 | €40.89 Billion ≈ $47.80 Billion |
+7.74% |
| 2022-12-31 | €37.95 Billion ≈ $44.37 Billion |
+7.33% |
| 2021-12-31 | €35.36 Billion ≈ $41.34 Billion |
+6.99% |
| 2020-12-31 | €33.05 Billion ≈ $38.64 Billion |
+1.12% |
| 2019-12-31 | €32.68 Billion ≈ $38.21 Billion |
+11.34% |
| 2018-12-31 | €29.35 Billion ≈ $34.32 Billion |
+13.36% |
| 2017-12-31 | €25.89 Billion ≈ $30.27 Billion |
+12.87% |
| 2016-12-31 | €22.94 Billion ≈ $26.82 Billion |
+8.29% |
| 2015-12-31 | €21.19 Billion ≈ $24.77 Billion |
-2.37% |
| 2014-12-31 | €21.70 Billion ≈ $25.37 Billion |
+7.97% |
| 2013-12-31 | €20.10 Billion ≈ $23.50 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Expressway Company 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 152.5% over the analyzed period, indicating profitable operations and earnings retention.
Jiangsu Expressway Company Limited Net Assets Breakdown (December 2025)
Jiangsu Expressway Company Limited net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €17.62 Billion | 42.52% |
| Other Components | €23.82 Billion | 57.48% |
| Total Equity | €41.44 Billion | 100.00% |
Jiangsu Expressway Company Limited Competitors by Market Cap
The table below lists competitors of Jiangsu Expressway Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alrov Properties & Lodgings Ltd
TA:ALRPR
|
$1.76 Billion |
|
Xiangyang Changyuan Donggu Industry Co Ltd
SHG:603950
|
$1.76 Billion |
|
Viet Nam International Commercial Joint Stock Bank
VN:VIB
|
$1.76 Billion |
|
Aerospace Industrial Development Corp
TW:2634
|
$1.76 Billion |
|
A.F.P. Provida
SN:PROVIDA
|
$1.76 Billion |
|
Emami Limited
NSE:EMAMILTD
|
$1.76 Billion |
|
Progress Software Corporation
NASDAQ:PRGS
|
$1.76 Billion |
|
ARMOUR Residential REIT Inc
NYSE:ARR
|
$1.76 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Expressway Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 38,596,795,652 to 41,442,631,834, a change of 2,845,836,182 (7.4%).
- Net income of 4,593,870,605 contributed positively to equity growth.
- Dividend payments of 3,320,539,724 reduced retained earnings.
- Other factors increased equity by 1,572,505,301.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €4.59 Billion | +11.08% |
| Dividends Paid | €3.32 Billion | -8.01% |
| Other Changes | €1.57 Billion | +3.79% |
| Total Change | €- | 7.37% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Expressway Company 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: 0.15x
- 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.
- The price-to-book ratio has decreased from 0.26x to 0.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €4.67 | €1.23 | x |
| 2018-12-31 | €5.19 | €1.23 | x |
| 2019-12-31 | €5.67 | €1.23 | x |
| 2020-12-31 | €5.60 | €1.23 | x |
| 2021-12-31 | €6.00 | €1.23 | x |
| 2022-12-31 | €6.34 | €1.23 | x |
| 2023-12-31 | €6.75 | €1.23 | x |
| 2024-12-31 | €7.66 | €1.23 | x |
| 2025-12-31 | €8.23 | €1.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Expressway Company 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): 11.08%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.64%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 2.33x
- Recent ROE (11.08%) is below the historical average (13.04%), 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 | 13.82% | 35.56% | 0.28x | 1.37x | €748.09 Million |
| 2014 | 10.60% | 25.23% | 0.24x | 1.78x | €126.31 Million |
| 2015 | 12.24% | 28.61% | 0.24x | 1.78x | €459.01 Million |
| 2016 | 15.07% | 36.37% | 0.25x | 1.63x | €1.13 Billion |
| 2017 | 15.25% | 37.94% | 0.22x | 1.81x | €1.24 Billion |
| 2018 | 16.74% | 43.90% | 0.21x | 1.84x | €1.76 Billion |
| 2019 | 14.71% | 41.67% | 0.18x | 1.95x | €1.35 Billion |
| 2020 | 8.74% | 30.68% | 0.13x | 2.17x | €-356.78 Million |
| 2021 | 13.82% | 30.30% | 0.20x | 2.24x | €1.16 Billion |
| 2022 | 11.66% | 28.09% | 0.17x | 2.46x | €530.03 Million |
| 2023 | 12.99% | 29.05% | 0.19x | 2.31x | €1.01 Billion |
| 2024 | 12.82% | 21.32% | 0.26x | 2.33x | €1.09 Billion |
| 2025 | 11.08% | 22.64% | 0.21x | 2.33x | €449.61 Million |
Industry Comparison
This section compares Jiangsu Expressway Company Limited's net assets metrics with peer companies in the Infrastructure Operations industry.
Industry Context
- Industry: Infrastructure Operations
- Average net assets among peers: $22,707,771,523
- Average return on equity (ROE) among peers: 14.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Expressway Company Limited (JE2) | €57.20 Billion | 13.82% | 0.75x | $1.76 Billion |
| PARK24 SPONS. ADR/1 (3WN) | $58.42 Billion | 30.03% | 4.28x | $1.95 Billion |
| Sichuan Expressway Company Limited (EXF1) | $13.88 Billion | 7.54% | 1.62x | $575.70 Million |
| Anhui Expressway Company Limited (HU7) | $8.45 Billion | 10.19% | 0.36x | $1.11 Billion |
| Shenzhen Expressway Company Limited (SHZH) | $13.12 Billion | 16.67% | 0.85x | $659.80 Million |
| Zhejiang Expressway Co. Ltd (ZHJ) | $19.67 Billion | 9.70% | 0.63x | $1.63 Billion |
About Jiangsu Expressway Company Limited
Jiangsu Expressway Company Limited, together with its subsidiaries, engages in the investment, construction, operation, and management of toll roads and bridges in China. The company develops and provides highway ancillary services, including gas stations, catering, and retail businesses in expressway service areas. It is also involved in investment services; real estate development and managemen… Read more