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
Zhejiang Expressway Co. Ltd (ZHEXF) - Net Assets
Latest net assets as of September 2025: $92.54 Billion USD
Based on the latest financial reports, Zhejiang Expressway Co. Ltd (ZHEXF) has net assets worth $92.54 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($287.28 Billion) and total liabilities ($194.73 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $92.54 Billion |
| % of Total Assets | 32.21% |
| Annual Growth Rate | 8.16% |
| 5-Year Change | 96.78% |
| 10-Year Change | 235.01% |
| Growth Volatility | 6.57 |
Zhejiang Expressway Co. Ltd - Net Assets Trend (1997–2024)
This chart illustrates how Zhejiang Expressway Co. Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Zhejiang Expressway Co. Ltd (1997–2024)
The table below shows the annual net assets of Zhejiang Expressway Co. Ltd from 1997 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $73.70 Billion | +22.01% |
| 2023-12-31 | $60.41 Billion | +20.31% |
| 2022-12-31 | $50.21 Billion | +13.03% |
| 2021-12-31 | $44.42 Billion | +18.61% |
| 2020-12-31 | $37.45 Billion | +17.10% |
| 2019-12-31 | $31.98 Billion | +0.88% |
| 2018-12-31 | $31.70 Billion | +8.56% |
| 2017-12-31 | $29.20 Billion | +20.80% |
| 2016-12-31 | $24.18 Billion | +9.90% |
| 2015-12-31 | $22.00 Billion | +4.11% |
| 2014-12-31 | $21.13 Billion | +7.43% |
| 2013-12-31 | $19.67 Billion | +3.43% |
| 2012-12-31 | $19.02 Billion | +2.24% |
| 2011-12-31 | $18.60 Billion | +5.11% |
| 2010-12-31 | $17.70 Billion | +3.69% |
| 2009-12-31 | $17.06 Billion | +4.71% |
| 2008-12-31 | $16.30 Billion | +3.38% |
| 2007-12-31 | $15.76 Billion | +18.06% |
| 2006-12-31 | $13.35 Billion | +8.00% |
| 2005-12-31 | $12.36 Billion | +4.67% |
| 2004-12-31 | $11.81 Billion | +5.86% |
| 2003-12-31 | $11.16 Billion | +4.48% |
| 2002-12-31 | $10.68 Billion | -1.04% |
| 2001-12-31 | $10.79 Billion | +6.29% |
| 2000-12-31 | $10.15 Billion | +2.73% |
| 1999-12-31 | $9.88 Billion | +5.52% |
| 1998-12-31 | $9.37 Billion | +5.62% |
| 1997-12-31 | $8.87 Billion | -- |
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 1130721700000.0% 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% |
| Common Stock | $5.99 Billion | 13.02% |
| Other Comprehensive Income | $11.74 Billion | 25.50% |
| Other Components | $17.00 Billion | 36.92% |
| 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 |
|---|---|
|
PT Pantai Indah Kapuk Dua Tbk
JK:PANI
|
$1.02 Billion |
|
Brigade Enterprises Limited
NSE:BRIGADE
|
$1.02 Billion |
|
Odfjell Drilling Ltd
OL:ODL
|
$1.02 Billion |
|
Lerøy Seafood Group ASA
PINK:LYSFF
|
$1.02 Billion |
|
Hapag Lloyd AG
XETRA:HLAG
|
$1.02 Billion |
|
Guangdong Xianglu Tungsten Co Ltd
SHE:002842
|
$1.02 Billion |
|
The Wendy’s Co
NASDAQ:WEN
|
$1.02 Billion |
|
United States Antimony Corporation
NYSE MKT:UAMY
|
$1.02 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 comprehensive income increased equity by 2,663,432,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.50 Billion | +11.95% |
| Dividends Paid | $1.93 Billion | -4.19% |
| Other Comprehensive Income | $2.66 Billion | +5.78% |
| Other Changes | $10.85 Million | +0.02% |
| 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: 0.08x
- 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 0.32x to 0.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | $2.05 | $0.65 | x |
| 1998-12-31 | $1.87 | $0.65 | x |
| 1999-12-31 | $1.94 | $0.65 | x |
| 2000-12-31 | $1.99 | $0.65 | x |
| 2001-12-31 | $2.14 | $0.65 | x |
| 2002-12-31 | $2.23 | $0.65 | x |
| 2003-12-31 | $2.34 | $0.65 | x |
| 2004-12-31 | $2.47 | $0.65 | x |
| 2005-12-31 | $2.58 | $0.65 | x |
| 2006-12-31 | $2.74 | $0.65 | x |
| 2007-12-31 | $3.05 | $0.65 | x |
| 2008-12-31 | $3.15 | $0.65 | x |
| 2009-12-31 | $3.27 | $0.65 | x |
| 2010-12-31 | $3.39 | $0.65 | x |
| 2011-12-31 | $3.49 | $0.65 | x |
| 2012-12-31 | $3.57 | $0.65 | x |
| 2013-12-31 | $3.68 | $0.65 | x |
| 2014-12-31 | $3.91 | $0.65 | x |
| 2015-12-31 | $3.85 | $0.65 | x |
| 2016-12-31 | $4.22 | $0.65 | x |
| 2017-12-31 | $4.58 | $0.65 | x |
| 2018-12-31 | $4.97 | $0.65 | x |
| 2019-12-31 | $4.69 | $0.65 | x |
| 2020-12-31 | $5.45 | $0.65 | x |
| 2021-12-31 | $5.92 | $0.65 | x |
| 2022-12-31 | $6.01 | $0.65 | x |
| 2023-12-31 | $8.10 | $0.65 | x |
| 2024-12-31 | $7.68 | $0.65 | 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 (12.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 3.48% | 75.73% | 0.03x | 1.40x | $-534.68 Million |
| 1998 | 4.98% | 64.85% | 0.05x | 1.60x | $-407.61 Million |
| 1999 | 6.50% | 52.20% | 0.08x | 1.65x | $-295.07 Million |
| 2000 | 7.35% | 53.51% | 0.08x | 1.68x | $-229.81 Million |
| 2001 | 9.38% | 50.60% | 0.12x | 1.56x | $-57.34 Million |
| 2002 | 10.24% | 45.82% | 0.15x | 1.50x | $23.34 Million |
| 2003 | 10.80% | 44.34% | 0.16x | 1.49x | $81.43 Million |
| 2004 | 12.65% | 43.31% | 0.20x | 1.44x | $284.44 Million |
| 2005 | 14.04% | 45.49% | 0.21x | 1.46x | $452.70 Million |
| 2006 | 15.63% | 39.02% | 0.24x | 1.65x | $669.56 Million |
| 2007 | 18.27% | 34.36% | 0.26x | 2.08x | $1.09 Billion |
| 2008 | 13.83% | 29.93% | 0.25x | 1.85x | $524.48 Million |
| 2009 | 12.66% | 29.74% | 0.19x | 2.28x | $377.13 Million |
| 2010 | 12.71% | 28.61% | 0.19x | 2.29x | $399.17 Million |
| 2011 | 11.89% | 28.10% | 0.22x | 1.92x | $287.49 Million |
| 2012 | 10.63% | 24.62% | 0.23x | 1.90x | $97.46 Million |
| 2013 | 11.94% | 24.30% | 0.24x | 2.01x | $310.22 Million |
| 2014 | 13.32% | 25.02% | 0.18x | 3.02x | $564.81 Million |
| 2015 | 17.86% | 23.90% | 0.17x | 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 | 15.39% | 36.74% | 0.12x | 3.48x | $1.23 Billion |
| 2019 | 17.19% | 31.04% | 0.11x | 4.84x | $1.55 Billion |
| 2020 | 10.02% | 19.41% | 0.10x | 5.39x | $4.75 Million |
| 2021 | 17.54% | 29.28% | 0.09x | 6.49x | $2.05 Billion |
| 2022 | 17.26% | 33.78% | 0.08x | 6.21x | $2.18 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: $3,902,384,418,510
- Average return on equity (ROE) among peers: 8.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Expressway Co. Ltd (ZHEXF) | $92.54 Billion | 3.48% | 2.10x | $1.02 Billion |
| Mobile Infrastructure Corporation (BEEP) | $167.61 Million | -4.64% | 0.93x | $36.57 Million |
| Yuexiu Transport Infrastructure Limited (GZITF) | $10.44 Billion | 5.83% | 0.68x | $388.13 Million |
| Jiangsu Expressway Company Limited (JEXYF) | $32.68 Billion | 12.85% | 0.70x | $2.03 Billion |
| Atlas Arteria Limited (MAQAF) | $6.49 Billion | 4.11% | 0.28x | $4.64 Billion |
| PT Jasa Marga (Persero) Tbk (PTJSF) | $38.91 Trillion | 17.46% | 2.32x | $448.70 Million |
| Promotora y Operadora de Infraestructura S. A. B. de C. V (PYOIF) | $33.03 Billion | 14.49% | 0.24x | $1.91 Billion |
| Q-Free ASA (QFREF) | $414.23 Million | -5.00% | 1.58x | $128.29 Million |
| Shenzhen Expressway Company Limited (SHZNF) | $10.87 Billion | 6.30% | 1.23x | $529.41 Million |
| Shenzhen Investment Bay Area Co Ltd (SIHBY) | $7.39 Billion | 3.77% | 0.65x | $560.29 Million |
| Transurban Group (TRAUF) | $11.15 Billion | 29.62% | 2.20x | $24.79 Billion |