Jiangsu Expressway Company Limited (JE2) - Net Assets

Latest as of March 2026: €57.20 Billion EUR ≈ $66.88 Billion USD

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. Check tangible net worth ratio of Jiangsu Expressway Company Limited to evaluate the tangible quality of the company's equity base.

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

Jiangsu Expressway Company Limited - Net Assets Trend (2013–2025)

This chart illustrates how Jiangsu Expressway Company Limited's net assets have evolved over time, based on quarterly financial data. See JE2 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

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 valuation and market cap data, see Jiangsu Expressway Company Limited (JE2) market capitalisation.

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	--

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.

Current Equity Component Breakdown (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
Harmonic Inc NASDAQ:HLIT	$1.53 Billion
Shenzhen Kingdom SCI Tech Co Ltd SHG:600446	$1.53 Billion
Hong Leong Industries Bhd KLSE:3301	$1.53 Billion
Zhejiang CONBA Pharmaceutical Co Ltd SHG:600572	$1.53 Billion
Transmissora Aliança de Energia Elétrica S.A SA:TAEE3	$1.53 Billion
Fujian Yuanli Active Carbon Co Ltd SHE:300174	$1.53 Billion
Beijing Sojo Electric Co Ltd SHE:300444	$1.53 Billion
IGNITIS GRUPE AB EO 2233 F:IGV0	$1.53 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: 0.13x
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	€4.67	€1.07	x
2018-12-31	€5.19	€1.07	x
2019-12-31	€5.67	€1.07	x
2020-12-31	€5.60	€1.07	x
2021-12-31	€6.00	€1.07	x
2022-12-31	€6.34	€1.07	x
2023-12-31	€6.75	€1.07	x
2024-12-31	€7.66	€1.07	x
2025-12-31	€8.23	€1.07	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: $33,873,689,337
Average return on equity (ROE) among peers: 7.16%

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	$1.53 Billion
PARK24 SPONS. ADR/1 (3WN)	$40.04 Billion	6.18%	6.68x	$1.95 Billion
Sichuan Expressway Company Limited (EXF1)	$18.72 Billion	3.33%	1.15x	$528.60 Million
Anhui Expressway Company Limited (HU7)	$8.91 Billion	10.53%	0.36x	$1.16 Billion
Shenzhen Expressway Company Limited (SHZH)	$28.00 Billion	8.31%	1.41x	$616.10 Million
Zhejiang Expressway Co. Ltd (ZHJ)	$73.70 Billion	7.47%	1.95x	$1.70 Billion

About Jiangsu Expressway Company Limited

F:JE2 Germany Infrastructure Operations

Market Cap

$1.53 Billion

€1.31 Billion EUR

Market Cap Rank

#7302 Global

#1012 in Germany

Share Price

€1.07

Change (1 day)

-6.14%

52-Week Range

€0.91 - €1.26

All Time High

€1.26