Shenzhen Expressway Company Limited (SHZH) - Net Assets

Latest as of March 2026: €32.55 Billion EUR ≈ $38.05 Billion USD

Based on the latest financial reports, Shenzhen Expressway Company Limited (SHZH) has net assets worth €32.55 Billion EUR (≈ $38.05 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 (€70.97 Billion ≈ $82.97 Billion USD) and total liabilities (€38.42 Billion ≈ $44.92 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 SHZH tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€32.55 Billion
% of Total Assets	45.86%
Annual Growth Rate	9.13%
5-Year Change	15.41%
10-Year Change	117.88%
Growth Volatility	9.7

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

This chart illustrates how Shenzhen Expressway Company Limited's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Shenzhen Expressway Company Limited to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Shenzhen Expressway Company Limited (2013–2025)

The table below shows the annual net assets of Shenzhen Expressway Company Limited from 2013 to 2025. For live valuation and market cap data, see SHZH market cap overview.

Year	Net Assets	Change
2025-12-31	€32.05 Billion ≈ $37.47 Billion	+17.83%
2024-12-31	€27.20 Billion ≈ $31.80 Billion	-2.85%
2023-12-31	€28.00 Billion ≈ $32.73 Billion	+2.33%
2022-12-31	€27.36 Billion ≈ $31.99 Billion	-1.48%
2021-12-31	€27.77 Billion ≈ $32.47 Billion	+5.68%
2020-12-31	€26.28 Billion ≈ $30.72 Billion	+26.81%
2019-12-31	€20.72 Billion ≈ $24.23 Billion	+6.06%
2018-12-31	€19.54 Billion ≈ $22.84 Billion	+23.87%
2017-12-31	€15.77 Billion ≈ $18.44 Billion	+7.23%
2016-12-31	€14.71 Billion ≈ $17.20 Billion	-1.67%
2015-12-31	€14.96 Billion ≈ $17.49 Billion	+14.03%
2014-12-31	€13.12 Billion ≈ $15.34 Billion	+16.74%
2013-12-31	€11.24 Billion ≈ $13.14 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Shenzhen 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 87.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	€8.63 Billion	31.92%
Other Components	€18.40 Billion	68.08%
Total Equity	€27.03 Billion	100.00%

Shenzhen Expressway Company Limited Competitors by Market Cap

The table below lists competitors of Shenzhen Expressway Company Limited ranked by their market capitalization.

Company	Market Cap
Markor International Home Furnishings Co Ltd SHG:600337	$616.11 Million
Zhejiang Qianjiang Biochemical Co Ltd SHG:600796	$616.29 Million
Shanghai Amarsoft Information & Technolgy Co Ltd SHE:300380	$616.45 Million
Northpointe Bancshares, Inc. NYSE:NPB	$616.59 Million
Eris Technology TWO:3675	$615.99 Million
Technocraft Industries (India) Limited NSE:TIIL	$615.99 Million
Helen of Troy Ltd NASDAQ:HELE	$615.63 Million
Granite Ridge Resources Inc NYSE:GRNT	$615.57 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shenzhen Expressway Company Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 21,903,521,723 to 27,031,138,112, a change of 5,127,616,389 (23.4%).
Net income of 1,149,351,722 contributed positively to equity growth.
Dividend payments of 1,413,522,673 reduced retained earnings.
Other factors increased equity by 5,391,787,340.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€1.15 Billion	+4.25%
Dividends Paid	€1.41 Billion	-5.23%
Other Changes	€5.39 Billion	+19.95%
Total Change	€-	23.41%

Book Value vs Market Value Analysis

This analysis compares Shenzhen 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: 0.07x
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	€6.24	€0.71	x
2018-12-31	€7.97	€0.71	x
2019-12-31	€8.43	€0.71	x
2020-12-31	€10.57	€0.71	x
2021-12-31	€11.30	€0.71	x
2022-12-31	€9.79	€0.71	x
2023-12-31	€10.25	€0.71	x
2024-12-31	€10.04	€0.71	x
2025-12-31	€10.65	€0.71	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shenzhen 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): 4.25%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 12.41%
• Asset Turnover: 0.13x
• Equity Multiplier: 2.64x
Recent ROE (4.25%) is below the historical average (10.79%), 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	7.22%	21.95%	0.14x	2.29x	€-277.75 Million
2014	18.54%	60.41%	0.15x	2.06x	€1.01 Billion
2015	12.55%	45.39%	0.11x	2.56x	€315.77 Million
2016	9.23%	25.80%	0.14x	2.56x	€-98.09 Million
2017	10.47%	29.49%	0.13x	2.75x	€64.59 Million
2018	19.79%	59.24%	0.14x	2.36x	€1.70 Billion
2019	13.60%	40.41%	0.14x	2.44x	€662.03 Million
2020	8.92%	25.60%	0.15x	2.39x	€-249.77 Million
2021	10.58%	23.97%	0.18x	2.46x	€142.36 Million
2022	9.45%	21.51%	0.14x	3.24x	€-118.13 Million
2023	10.41%	25.04%	0.14x	3.02x	€91.40 Million
2024	5.23%	12.38%	0.14x	3.08x	€-1.05 Billion
2025	4.25%	12.41%	0.13x	2.64x	€-1.55 Billion

Industry Comparison

This section compares Shenzhen 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: $34,883,806,868
Average return on equity (ROE) among peers: 6.99%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shenzhen Expressway Company Limited (SHZH)	€32.55 Billion	7.22%	1.18x	$616.10 Million
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
Jiangsu Expressway Company Limited (JE2)	$33.05 Billion	7.46%	0.85x	$1.53 Billion
Zhejiang Expressway Co. Ltd (ZHJ)	$73.70 Billion	7.47%	1.95x	$1.70 Billion

About Shenzhen Expressway Company Limited

F:SHZH Germany Infrastructure Operations

Market Cap

$616.10 Million

€526.99 Million EUR

Market Cap Rank

#11349 Global

#1281 in Germany

Share Price

€0.71

Change (1 day)

+0.00%

52-Week Range

€0.71 - €0.88

All Time High

€1.01