Guangdong Provincial Expressway Development Co Ltd Net Assets

Latest as of September 2025: CN¥14.03 Billion CNY ≈ $2.05 Billion USD

Guangdong Provincial Expressway Development Co Ltd net assets. Based on the latest financial reports, Guangdong Provincial Expressway Development Co Ltd (000429) has net assets worth CN¥14.03 Billion CNY (≈ $2.05 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 (CN¥24.21 Billion ≈ $3.54 Billion USD) and total liabilities (CN¥10.18 Billion ≈ $1.49 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. Also explore 000429 shareholders equity momentum to track the company's year-over-year net asset growth rate.

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

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

Net assets of Guangdong Provincial Expressway Development Co Ltd from 1994 to 2024. This chart illustrates how Guangdong Provincial Expressway Development Co Ltd's net assets have evolved over time, based on quarterly financial data. See 000429 net asset quality score to measure how much of total assets are equity-financed.

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. For live market cap and overall valuation, see 000429 stock market capitalisation.

Year Net Assets Change
2024-12-31 CN¥13.20 Billion
≈ $1.93 Billion		 +6.34%
2023-12-31 CN¥12.41 Billion
≈ $1.82 Billion		 +9.15%
2022-12-31 CN¥11.37 Billion
≈ $1.66 Billion		 +0.42%
2021-12-31 CN¥11.32 Billion
≈ $1.66 Billion		 +10.64%
2020-12-31 CN¥10.23 Billion
≈ $1.50 Billion		 -0.18%
2019-12-31 CN¥10.25 Billion
≈ $1.50 Billion		 +2.03%
2018-12-31 CN¥10.05 Billion
≈ $1.47 Billion		 +6.26%
2017-12-31 CN¥9.45 Billion
≈ $1.38 Billion		 +6.90%
2016-12-31 CN¥8.84 Billion
≈ $1.29 Billion		 +44.30%
2015-12-31 CN¥6.13 Billion
≈ $896.78 Million		 +4.38%
2014-12-31 CN¥5.87 Billion
≈ $859.11 Million		 +16.19%
2013-12-31 CN¥5.05 Billion
≈ $739.38 Million		 -1.17%
2012-12-31 CN¥5.11 Billion
≈ $748.11 Million		 +7.50%
2011-12-31 CN¥4.76 Billion
≈ $695.92 Million		 -0.92%
2010-12-31 CN¥4.80 Billion
≈ $702.39 Million		 +19.60%
2009-12-31 CN¥4.01 Billion
≈ $587.29 Million		 +5.37%
2008-12-31 CN¥3.81 Billion
≈ $557.35 Million		 +0.80%
2007-12-31 CN¥3.78 Billion
≈ $552.92 Million		 -13.70%
2006-12-31 CN¥4.38 Billion
≈ $640.66 Million		 +3.04%
2005-12-31 CN¥4.25 Billion
≈ $621.74 Million		 -2.64%
2004-12-31 CN¥4.36 Billion
≈ $638.60 Million		 +1.90%
2003-12-31 CN¥4.28 Billion
≈ $626.70 Million		 +6.49%
2002-12-31 CN¥4.02 Billion
≈ $588.53 Million		 +2.17%
2001-12-31 CN¥3.94 Billion
≈ $576.06 Million		 +16.73%
2000-12-31 CN¥3.37 Billion
≈ $493.49 Million		 +32.34%
1999-12-31 CN¥2.55 Billion
≈ $372.91 Million		 +8.62%
1998-12-31 CN¥2.35 Billion
≈ $343.30 Million		 +34.51%
1997-12-31 CN¥1.74 Billion
≈ $255.23 Million		 +2.83%
1996-12-31 CN¥1.70 Billion
≈ $248.21 Million		 +57.80%
1995-12-31 CN¥1.07 Billion
≈ $157.29 Million		 +1.16%
1994-12-31 CN¥1.06 Billion
≈ $155.48 Million		 --

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.

Guangdong Provincial Expressway Development Co Ltd Net Assets Breakdown (December 2024)

Guangdong Provincial Expressway Development Co Ltd net assets breakdown by equity component as of 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
Cosco Shipping Development Co Ltd
SHG:601866
 $3.47 Billion
Jiangxi Hongdu Aviation Industry Co Ltd
SHG:600316
 $3.47 Billion
Beijing Sifang Automation Co Ltd
SHG:601126
 $3.47 Billion
Parabilis Medicines, Inc. Common Stock
NASDAQ:PBLS
 $3.47 Billion
Parq Arauco
SN:PARAUCO
 $3.46 Billion
Bethel Automotive Safety Systems Co Ltd Class A
SHG:603596
 $3.46 Billion
Canadian Apartment Properties Real Estate Investment Trust
TO:CAR-UN
 $3.46 Billion
Hyundai Motor Co Pref
KO:005387
 $3.46 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: 2.71x
  • 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 17.31x to 2.71x 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¥13.60 x
1995-12-31 CN¥0.82 CN¥13.60 x
1996-12-31 CN¥1.30 CN¥13.60 x
1997-12-31 CN¥1.34 CN¥13.60 x
1998-12-31 CN¥1.80 CN¥13.60 x
1999-12-31 CN¥1.95 CN¥13.60 x
2000-12-31 CN¥2.61 CN¥13.60 x
2001-12-31 CN¥2.65 CN¥13.60 x
2002-12-31 CN¥2.77 CN¥13.60 x
2003-12-31 CN¥2.81 CN¥13.60 x
2004-12-31 CN¥2.87 CN¥13.60 x
2005-12-31 CN¥3.01 CN¥13.60 x
2006-12-31 CN¥2.42 CN¥13.60 x
2007-12-31 CN¥2.58 CN¥13.60 x
2008-12-31 CN¥2.68 CN¥13.60 x
2009-12-31 CN¥2.82 CN¥13.60 x
2010-12-31 CN¥3.42 CN¥13.60 x
2011-12-31 CN¥3.23 CN¥13.60 x
2012-12-31 CN¥3.40 CN¥13.60 x
2013-12-31 CN¥3.32 CN¥13.60 x
2014-12-31 CN¥3.93 CN¥13.60 x
2015-12-31 CN¥3.36 CN¥13.60 x
2016-12-31 CN¥4.31 CN¥13.60 x
2017-12-31 CN¥4.30 CN¥13.60 x
2018-12-31 CN¥4.57 CN¥13.60 x
2019-12-31 CN¥5.05 CN¥13.60 x
2020-12-31 CN¥3.79 CN¥13.60 x
2021-12-31 CN¥4.30 CN¥13.60 x
2022-12-31 CN¥4.34 CN¥13.60 x
2023-12-31 CN¥4.70 CN¥13.60 x
2024-12-31 CN¥5.03 CN¥13.60 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: $14,886,885,805
  • Average return on equity (ROE) among peers: 10.23%

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 $3.47 Billion
Shanxi Sanwei Group Co Ltd (000755) $4.95 Billion 9.26% 1.57x $1.06 Billion
Dongguan Development Holdings Co Ltd (000828) $2.00 Billion 17.48% 0.52x $1.52 Billion
Xiandai Investment Co Ltd (000900) $3.14 Billion 18.77% 0.56x $808.47 Million
Merchant Express Class A (001965) $88.78 Billion 5.99% 0.79x $10.23 Billion
Shandong Sunway Petrochemical Engineering Co Ltd (002469) $1.34 Billion 5.78% 0.24x $521.27 Million
Xinjiang Communications Construction Group Co Ltd Class A (002941) $209.38 Million -3.11% 6.41x $1.18 Billion
Guangdong Provincial Expressway Development Co Ltd (200429) $11.32 Billion 15.02% 0.67x $416.26 Million
Anhui Expressway Co Ltd (600012) $10.03 Billion 10.88% 0.41x $3.00 Billion
Henan Zhongyuan Expressway Co Ltd (600020) $12.20 Billion 11.97% 3.00x $1.43 Billion

About Guangdong Provincial Expressway Development Co Ltd

SHE:000429 China Infrastructure Operations
Market Cap
$3.47 Billion
CN¥23.69 Billion CNY
Market Cap Rank
#4364 Global
#623 in China
Share Price
CN¥13.60
Change (1 day)
+0.15%
52-Week Range
CN¥11.27 - CN¥15.06
All Time High
CN¥15.06
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