China High-Speed Railway Technology (000008) - Net Assets
Based on the latest financial reports, China High-Speed Railway Technology (000008) has net assets worth CN¥3.02 Billion CNY (≈ $441.84 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥9.11 Billion ≈ $1.33 Billion USD) and total liabilities (CN¥6.09 Billion ≈ $891.28 Million 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 China High-Speed Railway Technology liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.02 Billion |
| % of Total Assets | 33.14% |
| Annual Growth Rate | 14.25% |
| 5-Year Change | -53.39% |
| 10-Year Change | 6.88% |
| Growth Volatility | 136.61 |
China High-Speed Railway Technology - Net Assets Trend (1991–2024)
This chart illustrates how China High-Speed Railway Technology's net assets have evolved over time, based on quarterly financial data. Also explore 000008 asset base for the complete picture of this company's asset base.
Annual Net Assets for China High-Speed Railway Technology (1991–2024)
The table below shows the annual net assets of China High-Speed Railway Technology from 1991 to 2024. For live valuation and market cap data, see market cap of China High-Speed Railway Technology.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.11 Billion ≈ $454.82 Million |
-14.95% |
| 2023-12-31 | CN¥3.65 Billion ≈ $534.75 Million |
-18.43% |
| 2022-12-31 | CN¥4.48 Billion ≈ $655.59 Million |
-16.04% |
| 2021-12-31 | CN¥5.34 Billion ≈ $780.84 Million |
-19.98% |
| 2020-12-31 | CN¥6.67 Billion ≈ $975.82 Million |
-11.98% |
| 2019-12-31 | CN¥7.58 Billion ≈ $1.11 Billion |
+2.32% |
| 2018-12-31 | CN¥7.40 Billion ≈ $1.08 Billion |
+3.03% |
| 2017-12-31 | CN¥7.19 Billion ≈ $1.05 Billion |
+16.44% |
| 2016-12-31 | CN¥6.17 Billion ≈ $903.23 Million |
+112.25% |
| 2015-12-31 | CN¥2.91 Billion ≈ $425.54 Million |
+386.01% |
| 2014-12-31 | CN¥598.35 Million ≈ $87.56 Million |
+6.17% |
| 2013-12-31 | CN¥563.58 Million ≈ $82.47 Million |
+4.21% |
| 2012-12-31 | CN¥540.83 Million ≈ $79.14 Million |
+632.22% |
| 2011-12-31 | CN¥73.86 Million ≈ $10.81 Million |
-0.48% |
| 2010-12-31 | CN¥74.22 Million ≈ $10.86 Million |
+1.21% |
| 2009-12-31 | CN¥73.33 Million ≈ $10.73 Million |
-0.86% |
| 2008-12-31 | CN¥73.96 Million ≈ $10.82 Million |
+1.02% |
| 2007-12-31 | CN¥73.21 Million ≈ $10.71 Million |
+2.35% |
| 2006-12-31 | CN¥71.53 Million ≈ $10.47 Million |
+5.13% |
| 2005-12-31 | CN¥68.04 Million ≈ $9.96 Million |
-6.61% |
| 2004-12-31 | CN¥72.85 Million ≈ $10.66 Million |
+138.39% |
| 2003-12-31 | CN¥30.56 Million ≈ $4.47 Million |
+193.50% |
| 2002-12-31 | CN¥-32.69 Million ≈ $-4.78 Million |
+5.48% |
| 2001-12-31 | CN¥-34.58 Million ≈ $-5.06 Million |
-127.84% |
| 2000-12-31 | CN¥124.20 Million ≈ $18.17 Million |
+26.03% |
| 1999-12-31 | CN¥98.54 Million ≈ $14.42 Million |
+9.63% |
| 1998-12-31 | CN¥89.89 Million ≈ $13.15 Million |
-41.06% |
| 1997-12-31 | CN¥152.51 Million ≈ $22.32 Million |
+5.49% |
| 1996-12-31 | CN¥144.58 Million ≈ $21.16 Million |
-10.62% |
| 1995-12-31 | CN¥161.76 Million ≈ $23.67 Million |
-0.07% |
| 1994-12-31 | CN¥161.88 Million ≈ $23.69 Million |
+19.36% |
| 1993-12-31 | CN¥135.61 Million ≈ $19.84 Million |
+176.89% |
| 1992-12-31 | CN¥48.98 Million ≈ $7.17 Million |
+27.86% |
| 1991-12-31 | CN¥38.31 Million ≈ $5.61 Million |
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Equity Component Analysis
This analysis shows how different components contribute to China High-Speed Railway Technology'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 decreased by 240799100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥2.72 Billion | 89.62% |
| Other Comprehensive Income | CN¥181.01 Million | 5.97% |
| Other Components | CN¥2.54 Billion | 83.85% |
| Total Equity | CN¥3.03 Billion | 100.00% |
China High-Speed Railway Technology Competitors by Market Cap
The table below lists competitors of China High-Speed Railway Technology ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BP PLC
LSE:BP
|
$1.07 Billion |
|
Sihui Fuji Electronics Technology Co Ltd
SHE:300852
|
$1.07 Billion |
|
Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund
NYSE:PTA
|
$1.07 Billion |
|
Iperionx Ltd
AU:IPX
|
$1.07 Billion |
|
Hagar hf
IC:HAGA
|
$1.07 Billion |
|
CTS International Logistics Corp Ltd
SHG:603128
|
$1.07 Billion |
|
Tompkins Financial Corporation
NYSE MKT:TMP
|
$1.07 Billion |
|
Shinsung Delta Tech Co.Ltd
KQ:065350
|
$1.07 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China High-Speed Railway Technology's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,551,813,519 to 3,030,849,000, a change of -520,964,519 (-14.7%).
- Net loss of 545,308,743 reduced equity.
- Dividend payments of 127,057,000 reduced retained earnings.
- Other comprehensive income increased equity by 24,343,904.
- Other factors increased equity by 127,057,320.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-545.31 Million | -17.99% |
| Dividends Paid | CN¥127.06 Million | -4.19% |
| Other Comprehensive Income | CN¥24.34 Million | +0.8% |
| Other Changes | CN¥127.06 Million | +4.19% |
| Total Change | CN¥- | -14.67% |
Book Value vs Market Value Analysis
This analysis compares China High-Speed Railway Technology'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: 2.42x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 51.39x to 2.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-12-31 | CN¥0.05 | CN¥2.69 | x |
| 1992-12-31 | CN¥0.07 | CN¥2.69 | x |
| 1993-12-31 | CN¥0.19 | CN¥2.69 | x |
| 1994-12-31 | CN¥0.22 | CN¥2.69 | x |
| 1995-12-31 | CN¥0.22 | CN¥2.69 | x |
| 1996-12-31 | CN¥0.20 | CN¥2.69 | x |
| 1997-12-31 | CN¥0.21 | CN¥2.69 | x |
| 1998-12-31 | CN¥0.12 | CN¥2.69 | x |
| 1999-12-31 | CN¥0.12 | CN¥2.69 | x |
| 2000-12-31 | CN¥0.14 | CN¥2.69 | x |
| 2001-12-31 | CN¥-0.07 | CN¥2.69 | x |
| 2002-12-31 | CN¥-0.04 | CN¥2.69 | x |
| 2003-12-31 | CN¥0.04 | CN¥2.69 | x |
| 2004-12-31 | CN¥0.10 | CN¥2.69 | x |
| 2005-12-31 | CN¥0.09 | CN¥2.69 | x |
| 2006-12-31 | CN¥0.09 | CN¥2.69 | x |
| 2007-12-31 | CN¥0.10 | CN¥2.69 | x |
| 2008-12-31 | CN¥0.11 | CN¥2.69 | x |
| 2009-12-31 | CN¥0.12 | CN¥2.69 | x |
| 2010-12-31 | CN¥0.12 | CN¥2.69 | x |
| 2011-12-31 | CN¥0.05 | CN¥2.69 | x |
| 2012-12-31 | CN¥0.41 | CN¥2.69 | x |
| 2013-12-31 | CN¥0.40 | CN¥2.69 | x |
| 2014-12-31 | CN¥0.29 | CN¥2.69 | x |
| 2015-12-31 | CN¥1.22 | CN¥2.69 | x |
| 2016-12-31 | CN¥2.25 | CN¥2.69 | x |
| 2017-12-31 | CN¥2.53 | CN¥2.69 | x |
| 2018-12-31 | CN¥2.61 | CN¥2.69 | x |
| 2019-12-31 | CN¥2.75 | CN¥2.69 | x |
| 2020-12-31 | CN¥2.41 | CN¥2.69 | x |
| 2021-12-31 | CN¥1.92 | CN¥2.69 | x |
| 2022-12-31 | CN¥1.61 | CN¥2.69 | x |
| 2023-12-31 | CN¥1.33 | CN¥2.69 | x |
| 2024-12-31 | CN¥1.11 | CN¥2.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China High-Speed Railway Technology 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): -17.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -26.19%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 3.29x
- Recent ROE (-17.99%) is below the historical average (1.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 11.72% | 7.47% | 0.86x | 1.83x | CN¥660.78K |
| 1992 | 20.34% | 70.98% | 0.13x | 2.21x | CN¥5.07 Million |
| 1993 | 13.90% | 129.33% | 0.06x | 1.78x | CN¥5.29 Million |
| 1994 | 4.69% | 13.20% | 0.22x | 1.58x | CN¥-8.59 Million |
| 1995 | 0.10% | 0.93% | 0.07x | 1.53x | CN¥-16.01 Million |
| 1996 | -11.88% | -263.73% | 0.03x | 1.67x | CN¥-31.64 Million |
| 1997 | 0.05% | 0.09% | 0.21x | 2.38x | CN¥-15.18 Million |
| 1998 | -61.40% | -55.64% | 0.30x | 3.63x | CN¥-64.18 Million |
| 1999 | 21.82% | 20.55% | 0.39x | 2.74x | CN¥10.19 Million |
| 2000 | 11.55% | 11.73% | 0.35x | 2.79x | CN¥1.62 Million |
| 2001 | 0.00% | -510.77% | 0.23x | 0.00x | CN¥-119.74 Million |
| 2002 | 0.00% | -150.15% | 0.10x | 0.00x | CN¥-6.84 Million |
| 2003 | 3.23% | 5.03% | 0.32x | 1.98x | CN¥-2.07 Million |
| 2004 | 52.97% | 132.32% | 0.32x | 1.25x | CN¥31.30 Million |
| 2005 | -7.79% | -13.13% | 0.44x | 1.34x | CN¥-12.03 Million |
| 2006 | -2.46% | -16.96% | 0.13x | 1.07x | CN¥-8.91 Million |
| 2007 | 2.30% | 16.98% | 0.13x | 1.08x | CN¥-5.64 Million |
| 2008 | 1.01% | 6.54% | 0.14x | 1.07x | CN¥-6.65 Million |
| 2009 | 0.43% | 3.11% | 0.13x | 1.08x | CN¥-7.02 Million |
| 2010 | 1.20% | 8.71% | 0.13x | 1.05x | CN¥-6.53 Million |
| 2011 | 46.02% | 10.95% | 4.02x | 1.05x | CN¥26.60 Million |
| 2012 | 7.24% | 11.80% | 0.54x | 1.13x | CN¥-14.95 Million |
| 2013 | 4.04% | 7.48% | 0.49x | 1.11x | CN¥-33.60 Million |
| 2014 | 1.36% | 2.53% | 0.46x | 1.18x | CN¥-49.37 Million |
| 2015 | 6.38% | 14.34% | 0.36x | 1.23x | CN¥-105.13 Million |
| 2016 | 8.54% | 27.82% | 0.23x | 1.34x | CN¥-89.43 Million |
| 2017 | 12.30% | 37.49% | 0.22x | 1.50x | CN¥163.24 Million |
| 2018 | 4.44% | 12.67% | 0.25x | 1.43x | CN¥-406.25 Million |
| 2019 | 5.82% | 13.49% | 0.27x | 1.62x | CN¥-311.40 Million |
| 2020 | -13.67% | -46.65% | 0.15x | 1.96x | CN¥-1.55 Billion |
| 2021 | -26.80% | -62.96% | 0.18x | 2.38x | CN¥-1.91 Billion |
| 2022 | -19.34% | -47.73% | 0.16x | 2.57x | CN¥-1.28 Billion |
| 2023 | -23.32% | -32.98% | 0.24x | 3.00x | CN¥-1.18 Billion |
| 2024 | -17.99% | -26.19% | 0.21x | 3.29x | CN¥-848.39 Million |
Industry Comparison
This section compares China High-Speed Railway Technology's net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $435,483,225
- Average return on equity (ROE) among peers: -195.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China High-Speed Railway Technology (000008) | CN¥3.02 Billion | 11.72% | 2.02x | $1.07 Billion |
| Nanjing Zhongbei Group Co Ltd (000421) | $435.66 Million | 6.49% | 0.96x | $532.07 Million |
| Ningxia Western Venture Industrial Co Ltd (000557) | $-447.50 Million | 0.00% | 0.00x | $1.00 Billion |
| Vontron Technology Co Ltd (000920) | $1.40 Billion | 8.69% | 0.76x | $796.72 Million |
| China Railway Materials Co Ltd (000927) | $88.31 Million | -1857.66% | 54.49x | $2.49 Billion |
| HeNan Splendor Science & Technology Co Ltd (002296) | $125.09 Million | 26.56% | 0.74x | $644.19 Million |
| Sichuan Fulin Transportation Group Co Ltd (002357) | $89.33 Million | 13.19% | 3.81x | $537.64 Million |
| Tianjin Keyvia Electric Co Ltd (300407) | $324.31 Million | 20.96% | 1.15x | $617.25 Million |
| Chengdu Yunda Technology Co Ltd (300440) | $1.60 Billion | 6.06% | 0.63x | $1.18 Billion |
| Zhejiang Tiantie Industry Co Ltd (300587) | $309.22 Million | 14.90% | 0.59x | $1.17 Billion |
About China High-Speed Railway Technology
China High-Speed Railway Technology Co., Ltd., together with its subsidiaries, engages in the railway business in China and internationally. The company offers rail transit operation and maintenance equipment and services for high-speed train maintenance bases and depots, locomotive and rolling stock maintenance bases and depots, high-speed rail welding bases, urban rail transit lines, freight st… Read more