Guangdong Provincial Expressway Development Co Ltd

SHE:000429 China Infrastructure Operations
Market Cap
$3.01 Billion
CN¥22.05 Billion CNY
Market Cap Rank
#5434 Global
#718 in China
Share Price
CN¥12.66
Change (1 day)
-0.55%
52-Week Range
CN¥10.70 - CN¥14.65
All Time High
CN¥14.73
Categories
Companies in China Infrastructure Operations
About

Guangdong Provincial Expressway Development Co., Ltd., invests, constructs, charges, manages, and maintains toll highways and bridges in the People's Republic of China. It is also involved in the maintenance, cleaning, and service of automobile rescue; Parking lot charges; Design, production, release, and agency of advertisements at home and abroad; land development; warehousing activities; resea… Read more

Guangdong Provincial Expressway Development Co Ltd (000429) - Net Assets

Latest net assets as of September 2025: CN¥14.03 Billion CNY

Based on the latest financial reports, Guangdong Provincial Expressway Development Co Ltd (000429) has net assets worth CN¥14.03 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥24.21 Billion) and total liabilities (CN¥10.18 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 CN¥14.03 Billion
% of Total Assets 57.96%
Annual Growth Rate 8.76%
5-Year Change 28.96%
10-Year Change 115.32%
Growth Volatility 14.67

Guangdong Provincial Expressway Development Co Ltd - Net Assets Trend (1994–2024)

This chart illustrates how Guangdong Provincial Expressway Development 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 Guangdong Provincial Expressway Development Co Ltd (1994–2024)

The table below shows the annual net assets of Guangdong Provincial Expressway Development Co Ltd from 1994 to 2024.

Year Net Assets Change
2024-12-31 CN¥13.20 Billion +6.34%
2023-12-31 CN¥12.41 Billion +9.15%
2022-12-31 CN¥11.37 Billion +0.42%
2021-12-31 CN¥11.32 Billion +10.64%
2020-12-31 CN¥10.23 Billion -0.18%
2019-12-31 CN¥10.25 Billion +2.03%
2018-12-31 CN¥10.05 Billion +6.26%
2017-12-31 CN¥9.45 Billion +6.90%
2016-12-31 CN¥8.84 Billion +44.30%
2015-12-31 CN¥6.13 Billion +4.38%
2014-12-31 CN¥5.87 Billion +16.19%
2013-12-31 CN¥5.05 Billion -1.17%
2012-12-31 CN¥5.11 Billion +7.50%
2011-12-31 CN¥4.76 Billion -0.92%
2010-12-31 CN¥4.80 Billion +19.60%
2009-12-31 CN¥4.01 Billion +5.37%
2008-12-31 CN¥3.81 Billion +0.80%
2007-12-31 CN¥3.78 Billion -13.70%
2006-12-31 CN¥4.38 Billion +3.04%
2005-12-31 CN¥4.25 Billion -2.64%
2004-12-31 CN¥4.36 Billion +1.90%
2003-12-31 CN¥4.28 Billion +6.49%
2002-12-31 CN¥4.02 Billion +2.17%
2001-12-31 CN¥3.94 Billion +16.73%
2000-12-31 CN¥3.37 Billion +32.34%
1999-12-31 CN¥2.55 Billion +8.62%
1998-12-31 CN¥2.35 Billion +34.51%
1997-12-31 CN¥1.74 Billion +2.83%
1996-12-31 CN¥1.70 Billion +57.80%
1995-12-31 CN¥1.07 Billion +1.16%
1994-12-31 CN¥1.06 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Guangdong Provincial Expressway Development 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 23609.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥5.54 Billion 52.96%
Common Stock CN¥2.09 Billion 19.97%
Other Comprehensive Income CN¥2.28 Billion 21.82%
Other Components CN¥548.80 Million 5.24%
Total Equity CN¥10.47 Billion 100.00%

Guangdong Provincial Expressway Development Co Ltd Competitors by Market Cap

The table below lists competitors of Guangdong Provincial Expressway Development Co Ltd ranked by their market capitalization.

Company Market Cap
Ascott Residence Trust
PINK:ATTRF
 		$1.70 Billion
Beiqi Foton Motor Co Ltd
SHG:600166
 		$1.70 Billion
Poco Holding Co Ltd
SHE:300811
 		$1.70 Billion
Premier Inc
NASDAQ:PINC
 		$1.70 Billion
The Goodyear Tire & Rubber Company
MX:GT
 		$1.70 Billion
BRD Groupe Societe Generale SA
RO:BRD
 		$1.70 Billion
Tien Phong Commercial Joint Stock Bank
VN:TPB
 		$1.70 Billion
Grainger plc
PINK:GRGTF
 		$1.70 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Guangdong Provincial Expressway Development Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 9,847,532,000 to 10,468,100,000, a change of 620,568,000 (6.3%).
  • Net income of 1,562,122,217 contributed positively to equity growth.
  • Dividend payments of 1,391,040,282 reduced retained earnings.
  • Other comprehensive income increased equity by 365,577,712.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.56 Billion +14.92%
Dividends Paid CN¥1.39 Billion -13.29%
Other Comprehensive Income CN¥365.58 Million +3.49%
Other Changes CN¥83.91 Million +0.8%
Total Change CN¥- 6.30%

Book Value vs Market Value Analysis

This analysis compares Guangdong Provincial Expressway Development 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: 2.52x
  • 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 16.11x to 2.52x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1994-12-31 CN¥0.79 CN¥12.66 x
1995-12-31 CN¥0.82 CN¥12.66 x
1996-12-31 CN¥1.30 CN¥12.66 x
1997-12-31 CN¥1.34 CN¥12.66 x
1998-12-31 CN¥1.80 CN¥12.66 x
1999-12-31 CN¥1.95 CN¥12.66 x
2000-12-31 CN¥2.61 CN¥12.66 x
2001-12-31 CN¥2.65 CN¥12.66 x
2002-12-31 CN¥2.77 CN¥12.66 x
2003-12-31 CN¥2.81 CN¥12.66 x
2004-12-31 CN¥2.87 CN¥12.66 x
2005-12-31 CN¥3.01 CN¥12.66 x
2006-12-31 CN¥2.42 CN¥12.66 x
2007-12-31 CN¥2.58 CN¥12.66 x
2008-12-31 CN¥2.68 CN¥12.66 x
2009-12-31 CN¥2.82 CN¥12.66 x
2010-12-31 CN¥3.42 CN¥12.66 x
2011-12-31 CN¥3.23 CN¥12.66 x
2012-12-31 CN¥3.40 CN¥12.66 x
2013-12-31 CN¥3.32 CN¥12.66 x
2014-12-31 CN¥3.93 CN¥12.66 x
2015-12-31 CN¥3.36 CN¥12.66 x
2016-12-31 CN¥4.31 CN¥12.66 x
2017-12-31 CN¥4.30 CN¥12.66 x
2018-12-31 CN¥4.57 CN¥12.66 x
2019-12-31 CN¥5.05 CN¥12.66 x
2020-12-31 CN¥3.79 CN¥12.66 x
2021-12-31 CN¥4.30 CN¥12.66 x
2022-12-31 CN¥4.34 CN¥12.66 x
2023-12-31 CN¥4.70 CN¥12.66 x
2024-12-31 CN¥5.03 CN¥12.66 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Guangdong Provincial Expressway Development 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): 14.92%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 34.18%
  • • Asset Turnover: 0.20x
  • • Equity Multiplier: 2.14x
  • Recent ROE (14.92%) is above the historical average (10.17%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1994 11.90% 69.73% 0.14x 1.18x CN¥18.80 Million
1995 12.38% 67.08% 0.16x 1.17x CN¥24.44 Million
1996 8.38% 62.31% 0.12x 1.11x CN¥-26.59 Million
1997 8.59% 66.80% 0.11x 1.14x CN¥-23.73 Million
1998 6.81% 66.81% 0.09x 1.14x CN¥-72.08 Million
1999 12.07% 114.60% 0.08x 1.25x CN¥50.68 Million
2000 4.06% 52.98% 0.07x 1.16x CN¥-194.64 Million
2001 4.44% 23.66% 0.11x 1.73x CN¥-185.16 Million
2002 4.91% 22.71% 0.12x 1.76x CN¥-177.01 Million
2003 4.95% 21.95% 0.12x 1.89x CN¥-178.42 Million
2004 6.37% 26.71% 0.13x 1.89x CN¥-130.94 Million
2005 8.60% 32.78% 0.15x 1.80x CN¥-52.89 Million
2006 10.88% 31.28% 0.16x 2.19x CN¥26.92 Million
2007 14.47% 44.24% 0.19x 1.76x CN¥146.94 Million
2008 11.94% 43.22% 0.13x 2.14x CN¥65.72 Million
2009 9.23% 35.44% 0.11x 2.48x CN¥-27.78 Million
2010 9.07% 40.03% 0.09x 2.46x CN¥-39.85 Million
2011 5.27% 20.11% 0.09x 2.87x CN¥-194.73 Million
2012 4.12% 15.90% 0.08x 3.08x CN¥-251.10 Million
2013 3.02% 9.63% 0.10x 3.00x CN¥-296.02 Million
2014 6.35% 21.91% 0.12x 2.49x CN¥-182.86 Million
2015 11.89% 26.19% 0.22x 2.07x CN¥110.56 Million
2016 12.08% 35.44% 0.18x 1.94x CN¥172.30 Million
2017 16.73% 48.88% 0.19x 1.83x CN¥607.62 Million
2018 17.49% 52.10% 0.20x 1.70x CN¥718.36 Million
2019 13.92% 29.39% 0.28x 1.67x CN¥413.45 Million
2020 10.94% 22.90% 0.19x 2.49x CN¥74.53 Million
2021 18.93% 32.16% 0.28x 2.10x CN¥802.16 Million
2022 14.06% 30.62% 0.21x 2.23x CN¥368.75 Million
2023 16.59% 33.49% 0.23x 2.17x CN¥649.06 Million
2024 14.92% 34.18% 0.20x 2.14x CN¥515.31 Million

Industry Comparison

This section compares Guangdong Provincial Expressway Development Co Ltd's net assets metrics with peer companies in the Infrastructure Operations industry.

Industry Context

  • Industry: Infrastructure Operations
  • Average net assets among peers: $9,878,950,188
  • Average return on equity (ROE) among peers: -3.29%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Guangdong Provincial Expressway Development Co Ltd (000429) CN¥14.03 Billion 11.90% 0.73x $1.70 Billion
Shanxi Sanwei Group Co Ltd (000755) $539.19 Million 10.13% 0.48x $238.99 Million
Dongguan Development Holdings Co Ltd (000828) $2.49 Billion 8.72% 0.15x $467.27 Million
City Development Environment Co Ltd (000885) $97.48 Million -85.52% 2.00x $431.18 Million
Xiandai Investment Co Ltd (000900) $2.36 Billion 6.32% 1.08x $469.11 Million
Merchant Express Class A (001965) $67.67 Billion 7.18% 0.70x $2.90 Billion
Shandong Sunway Petrochemical Engineering Co Ltd (002469) $1.29 Billion 4.44% 0.30x $616.07 Million
Xinjiang Communications Construction Group Co Ltd Class A (002941) $5.02 Billion 6.37% 2.96x $825.97 Million
Anhui Expressway Co Ltd (600012) $3.08 Billion 8.07% 0.42x $1.30 Billion
Henan Zhongyuan Expressway Co Ltd (600020) $6.36 Billion 4.68% 3.77x $484.63 Million