Zhejiang Expressway Co. Ltd (ZHJ) - Net Assets
Based on the latest financial reports, Zhejiang Expressway Co. Ltd (ZHJ) has net assets worth €83.68 Billion EUR (≈ $97.83 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 (€260.44 Billion ≈ $304.49 Billion USD) and total liabilities (€176.76 Billion ≈ $206.65 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 financial resilience of Zhejiang Expressway Co. Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €83.68 Billion |
| % of Total Assets | 32.13% |
| Annual Growth Rate | 12.76% |
| 5-Year Change | 96.78% |
| 10-Year Change | 235.01% |
| Growth Volatility | 6.94 |
Zhejiang Expressway Co. Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Zhejiang Expressway Co. Ltd's net assets have evolved over time, based on quarterly financial data. Also explore ZHJ current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Expressway Co. Ltd (2013–2024)
The table below shows the annual net assets of Zhejiang Expressway Co. Ltd from 2013 to 2024. For live valuation and market cap data, see Zhejiang Expressway Co. Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €73.70 Billion ≈ $86.16 Billion |
+22.01% |
| 2023-12-31 | €60.41 Billion ≈ $70.62 Billion |
+20.31% |
| 2022-12-31 | €50.21 Billion ≈ $58.70 Billion |
+13.03% |
| 2021-12-31 | €44.42 Billion ≈ $51.94 Billion |
+18.61% |
| 2020-12-31 | €37.45 Billion ≈ $43.79 Billion |
+17.10% |
| 2019-12-31 | €31.98 Billion ≈ $37.39 Billion |
+0.88% |
| 2018-12-31 | €31.70 Billion ≈ $37.07 Billion |
+8.56% |
| 2017-12-31 | €29.20 Billion ≈ $34.14 Billion |
+20.80% |
| 2016-12-31 | €24.18 Billion ≈ $28.26 Billion |
+9.90% |
| 2015-12-31 | €22.00 Billion ≈ $25.72 Billion |
+4.12% |
| 2014-12-31 | €21.13 Billion ≈ $24.70 Billion |
+7.42% |
| 2013-12-31 | €19.67 Billion ≈ $23.00 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Expressway Co. Ltd'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 44.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €11.31 Billion | 24.56% |
| Other Components | €34.73 Billion | 75.44% |
| Total Equity | €46.04 Billion | 100.00% |
Zhejiang Expressway Co. Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Expressway Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Establishment Labs Holdings Inc
NASDAQ:ESTA
|
$2.00 Billion |
|
Sinosoft Co Ltd
SHG:603927
|
$2.00 Billion |
|
Ningbo Tip Rubber Technology Co Ltd
SHG:605255
|
$2.00 Billion |
|
Dunelm Group plc
F:DFQ
|
$2.00 Billion |
|
Shanghai Bright Power Semiconductor
SHG:688368
|
$2.00 Billion |
|
Mesoblast Ltd
AU:MSB
|
$2.00 Billion |
|
Xiamen Solex High-Tech Industries Co Ltd
SHG:603992
|
$2.00 Billion |
|
Electra Ltd
TA:ELTR
|
$2.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Expressway Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 39,792,216,000 to 46,040,953,000, a change of 6,248,737,000 (15.7%).
- Net income of 5,501,588,000 contributed positively to equity growth.
- Dividend payments of 1,927,130,000 reduced retained earnings.
- Other factors increased equity by 2,674,279,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €5.50 Billion | +11.95% |
| Dividends Paid | €1.93 Billion | -4.19% |
| Other Changes | €2.67 Billion | +5.81% |
| Total Change | €- | 15.70% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Expressway Co. Ltd'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: 0.11x
- 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 | €4.76 | €0.85 | x |
| 2018-12-31 | €5.26 | €0.85 | x |
| 2019-12-31 | €4.97 | €0.85 | x |
| 2020-12-31 | €5.55 | €0.85 | x |
| 2021-12-31 | €6.25 | €0.85 | x |
| 2022-12-31 | €7.12 | €0.85 | x |
| 2023-12-31 | €6.64 | €0.85 | x |
| 2024-12-31 | €7.68 | €0.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Expressway Co. Ltd 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): 11.95%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.45%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 4.72x
- Recent ROE (11.95%) is below the historical average (15.01%), 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 | 11.94% | 24.30% | 0.24x | 2.01x | €310.22 Million |
| 2014 | 13.32% | 23.94% | 0.17x | 3.23x | €564.90 Million |
| 2015 | 17.86% | 27.88% | 0.15x | 4.41x | €1.32 Billion |
| 2016 | 16.58% | 31.20% | 0.13x | 4.03x | €1.21 Billion |
| 2017 | 15.50% | 33.26% | 0.13x | 3.57x | €1.14 Billion |
| 2018 | 15.24% | 36.38% | 0.12x | 3.48x | €1.20 Billion |
| 2019 | 17.19% | 31.04% | 0.11x | 4.84x | €1.55 Billion |
| 2020 | 12.43% | 25.10% | 0.09x | 5.39x | €585.70 Million |
| 2021 | 17.54% | 29.28% | 0.09x | 6.49x | €2.05 Billion |
| 2022 | 17.40% | 36.10% | 0.08x | 6.03x | €2.29 Billion |
| 2023 | 13.13% | 30.79% | 0.08x | 5.22x | €1.24 Billion |
| 2024 | 11.95% | 30.45% | 0.08x | 4.72x | €897.49 Million |
Industry Comparison
This section compares Zhejiang Expressway Co. Ltd's net assets metrics with peer companies in the Infrastructure Operations industry.
Industry Context
- Industry: Infrastructure Operations
- Average net assets among peers: $17,872,030,580
- Average return on equity (ROE) among peers: 8.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Expressway Co. Ltd (ZHJ) | €83.68 Billion | 11.94% | 2.11x | $2.00 Billion |
| Sichuan Expressway Company Limited (EXF1) | $11.53 Billion | 8.76% | 1.08x | $654.20 Million |
| Anhui Expressway Company Limited (HU7) | $11.57 Billion | 9.49% | 0.38x | $1.06 Billion |
| Jiangsu Expressway Company Limited (JE2) | $21.19 Billion | 11.83% | 0.72x | $1.59 Billion |
| Shenzhen Expressway Company Limited (SHZH) | $27.20 Billion | 4.21% | 1.48x | $690.39 Million |
About Zhejiang Expressway Co. Ltd
Zhejiang Expressway Co., Ltd., an investment holding company, invests, develops, maintains, and operates roads in the People's Republic of China. It operates through Toll Operation, Securities Operation, and Others segments. The Toll Operation segment operates and manages high grade roads; and collects expressway tolls. The Securities Operation segment offers securities and future broking, margin… Read more