Shandong Hi-Speed Road&Bridge
Shandong Hi-Speed Road&Bridge Group Co., Ltd. engages in the general contracting business in China and internationally. The company involved in the general contracting for road and municipal, water conservancy and hydropower, power engineering, railway, and electromechanical construction; professional construction contracting for roadbed, pavement, bridges, tunnels, and steel structures; wholesal… Read more
Shandong Hi-Speed Road&Bridge (000498) - Net Assets
Latest net assets as of September 2025: CN¥31.96 Billion CNY
Based on the latest financial reports, Shandong Hi-Speed Road&Bridge (000498) has net assets worth CN¥31.96 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¥173.93 Billion) and total liabilities (CN¥141.96 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¥31.96 Billion |
| % of Total Assets | 18.38% |
| Annual Growth Rate | 19.65% |
| 5-Year Change | 174.32% |
| 10-Year Change | 1063.64% |
| Growth Volatility | 3649.25 |
Shandong Hi-Speed Road&Bridge - Net Assets Trend (1994–2024)
This chart illustrates how Shandong Hi-Speed Road&Bridge's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shandong Hi-Speed Road&Bridge (1994–2024)
The table below shows the annual net assets of Shandong Hi-Speed Road&Bridge from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥35.37 Billion | +8.26% |
| 2023-12-31 | CN¥32.67 Billion | +42.35% |
| 2022-12-31 | CN¥22.95 Billion | +14.69% |
| 2021-12-31 | CN¥20.01 Billion | +55.21% |
| 2020-12-31 | CN¥12.89 Billion | +56.26% |
| 2019-12-31 | CN¥8.25 Billion | +29.74% |
| 2018-12-31 | CN¥6.36 Billion | +56.45% |
| 2017-12-31 | CN¥4.07 Billion | +17.13% |
| 2016-12-31 | CN¥3.47 Billion | +14.17% |
| 2015-12-31 | CN¥3.04 Billion | +14.46% |
| 2014-12-31 | CN¥2.66 Billion | +15.17% |
| 2013-12-31 | CN¥2.31 Billion | +13.91% |
| 2012-12-31 | CN¥2.02 Billion | +19593.38% |
| 2011-12-31 | CN¥10.28 Million | +4.76% |
| 2010-12-31 | CN¥9.81 Million | +6.49% |
| 2009-12-31 | CN¥9.21 Million | +101.40% |
| 2008-12-31 | CN¥-659.23 Million | +1.37% |
| 2007-12-31 | CN¥-668.40 Million | -1239.19% |
| 2006-12-31 | CN¥58.67 Million | -85.35% |
| 2005-12-31 | CN¥400.51 Million | -24.93% |
| 2004-12-31 | CN¥533.55 Million | +10.32% |
| 2003-12-31 | CN¥483.64 Million | +11.48% |
| 2002-12-31 | CN¥433.84 Million | -16.31% |
| 2001-12-31 | CN¥518.35 Million | -28.46% |
| 2000-12-31 | CN¥724.53 Million | +1.14% |
| 1999-12-31 | CN¥716.38 Million | +4.48% |
| 1998-12-31 | CN¥685.69 Million | +8.65% |
| 1997-12-31 | CN¥631.09 Million | +160.12% |
| 1996-12-31 | CN¥242.62 Million | +17.83% |
| 1995-12-31 | CN¥205.90 Million | +26.70% |
| 1994-12-31 | CN¥162.51 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Hi-Speed Road&Bridge'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 61326.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥11.75 Billion | 48.37% |
| Common Stock | CN¥2.15 Billion | 8.86% |
| Other Components | CN¥10.39 Billion | 42.77% |
| Total Equity | CN¥24.29 Billion | 100.00% |
Shandong Hi-Speed Road&Bridge Competitors by Market Cap
The table below lists competitors of Shandong Hi-Speed Road&Bridge ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
F.C.C. Co. Ltd
F:FCV
|
$593.39 Million |
|
Xiangxue Pharmaceutical
SHE:300147
|
$593.40 Million |
|
Wetown Electric Group Co Ltd
SHG:688226
|
$593.61 Million |
|
Strides Pharma Science Limited
NSE:STAR
|
$593.67 Million |
|
Dat Xanh Real Estate Service Contructions Corp
VN:DXG
|
$593.23 Million |
|
Emei Shan Tourism Co Ltd
SHE:000888
|
$592.96 Million |
|
Zhongmin Energy Co Ltd
SHG:600163
|
$592.94 Million |
|
Elopak AS
OL:ELO
|
$592.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Hi-Speed Road&Bridge's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 22,691,727,000 to 24,293,763,000, a change of 1,602,036,000 (7.1%).
- Net income of 2,322,339,000 contributed positively to equity growth.
- Dividend payments of 1,969,146,000 reduced retained earnings.
- Share repurchases of 500,000,000 reduced equity.
- Other factors increased equity by 1,748,843,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.32 Billion | +9.56% |
| Dividends Paid | CN¥1.97 Billion | -8.11% |
| Share Repurchases | CN¥500.00 Million | -2.06% |
| Other Changes | CN¥1.75 Billion | +7.2% |
| Total Change | CN¥- | 7.06% |
Book Value vs Market Value Analysis
This analysis compares Shandong Hi-Speed Road&Bridge'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: 0.62x
- 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 14.65x to 0.62x 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¥0.42 | CN¥6.09 | x |
| 1995-12-31 | CN¥0.53 | CN¥6.09 | x |
| 1996-12-31 | CN¥0.62 | CN¥6.09 | x |
| 1997-12-31 | CN¥1.61 | CN¥6.09 | x |
| 1998-12-31 | CN¥1.75 | CN¥6.09 | x |
| 1999-12-31 | CN¥1.83 | CN¥6.09 | x |
| 2000-12-31 | CN¥1.49 | CN¥6.09 | x |
| 2001-12-31 | CN¥1.33 | CN¥6.09 | x |
| 2002-12-31 | CN¥1.07 | CN¥6.09 | x |
| 2003-12-31 | CN¥1.20 | CN¥6.09 | x |
| 2004-12-31 | CN¥1.32 | CN¥6.09 | x |
| 2005-12-31 | CN¥1.02 | CN¥6.09 | x |
| 2006-12-31 | CN¥0.15 | CN¥6.09 | x |
| 2007-12-31 | CN¥-1.71 | CN¥6.09 | x |
| 2008-12-31 | CN¥-1.46 | CN¥6.09 | x |
| 2009-12-31 | CN¥0.02 | CN¥6.09 | x |
| 2010-12-31 | CN¥0.02 | CN¥6.09 | x |
| 2011-12-31 | CN¥3.96 | CN¥6.09 | x |
| 2012-12-31 | CN¥2.82 | CN¥6.09 | x |
| 2013-12-31 | CN¥2.06 | CN¥6.09 | x |
| 2014-12-31 | CN¥2.37 | CN¥6.09 | x |
| 2015-12-31 | CN¥2.71 | CN¥6.09 | x |
| 2016-12-31 | CN¥3.09 | CN¥6.09 | x |
| 2017-12-31 | CN¥3.58 | CN¥6.09 | x |
| 2018-12-31 | CN¥4.77 | CN¥6.09 | x |
| 2019-12-31 | CN¥6.44 | CN¥6.09 | x |
| 2020-12-31 | CN¥7.25 | CN¥6.09 | x |
| 2021-12-31 | CN¥8.68 | CN¥6.09 | x |
| 2022-12-31 | CN¥10.28 | CN¥6.09 | x |
| 2023-12-31 | CN¥10.72 | CN¥6.09 | x |
| 2024-12-31 | CN¥9.82 | CN¥6.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Hi-Speed Road&Bridge 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): 9.56%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.25%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 6.72x
- Recent ROE (9.56%) is below the historical average (82.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 34.37% | 7.09% | 1.57x | 3.09x | CN¥39.61 Million |
| 1995 | 38.12% | 8.08% | 1.63x | 2.90x | CN¥57.90 Million |
| 1996 | 15.14% | 5.42% | 1.12x | 2.49x | CN¥12.46 Million |
| 1997 | 10.12% | 9.92% | 0.71x | 1.43x | CN¥763.20K |
| 1998 | 8.07% | 7.33% | 0.70x | 1.57x | CN¥-13.24 Million |
| 1999 | 5.00% | 4.94% | 0.60x | 1.69x | CN¥-35.79 Million |
| 2000 | 0.09% | 0.07% | 0.55x | 2.64x | CN¥-57.57 Million |
| 2001 | -21.04% | -13.38% | 0.51x | 3.07x | CN¥-160.88 Million |
| 2002 | -23.69% | -13.72% | 0.43x | 4.03x | CN¥-140.59 Million |
| 2003 | 10.64% | 6.77% | 0.38x | 4.09x | CN¥3.01 Million |
| 2004 | 9.03% | 5.50% | 0.39x | 4.22x | CN¥-4.99 Million |
| 2005 | -44.34% | -27.16% | 0.31x | 5.27x | CN¥-217.63 Million |
| 2006 | -627.04% | -77.15% | 0.31x | 26.37x | CN¥-373.77 Million |
| 2007 | 0.00% | -3566.52% | 0.02x | 0.00x | CN¥-660.23 Million |
| 2008 | 0.00% | 384.57% | 0.00x | 0.00x | CN¥74.94 Million |
| 2009 | 2972.50% | 1418.45% | 0.04x | 59.18x | CN¥272.99 Million |
| 2010 | 6.09% | 0.00% | 0.00x | 4.61x | CN¥-383.35K |
| 2011 | 9.33% | 2.22% | 685.96x | 0.01x | CN¥-11.61 Million |
| 2012 | 11.46% | 3.53% | 0.74x | 4.38x | CN¥29.50 Million |
| 2013 | 11.35% | 3.65% | 0.76x | 4.09x | CN¥30.98 Million |
| 2014 | 11.73% | 4.55% | 0.68x | 3.78x | CN¥45.98 Million |
| 2015 | 12.42% | 5.08% | 0.71x | 3.43x | CN¥73.34 Million |
| 2016 | 12.39% | 5.27% | 0.54x | 4.34x | CN¥83.02 Million |
| 2017 | 14.35% | 4.65% | 0.70x | 4.39x | CN¥174.62 Million |
| 2018 | 12.55% | 4.40% | 0.64x | 4.47x | CN¥136.53 Million |
| 2019 | 8.31% | 2.44% | 0.77x | 4.44x | CN¥-121.81 Million |
| 2020 | 15.48% | 3.89% | 0.63x | 6.37x | CN¥474.09 Million |
| 2021 | 15.78% | 3.71% | 0.69x | 6.17x | CN¥782.41 Million |
| 2022 | 15.89% | 3.82% | 0.69x | 6.07x | CN¥999.68 Million |
| 2023 | 10.09% | 3.13% | 0.52x | 6.15x | CN¥19.51 Million |
| 2024 | 9.56% | 3.25% | 0.44x | 6.72x | CN¥-107.04 Million |
Industry Comparison
This section compares Shandong Hi-Speed Road&Bridge's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $3,453,290,949
- Average return on equity (ROE) among peers: 8.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Hi-Speed Road&Bridge (000498) | CN¥31.96 Billion | 34.37% | 4.44x | $593.30 Million |
| Shenzhen Ecobeauty Co Ltd (000010) | $83.78 Million | 8.82% | 1.77x | $542.14 Million |
| Shenzhen Sed Industry Co Ltd (000032) | $1.81 Billion | 11.82% | 0.43x | $1.21 Billion |
| NORINCO International Cooperation Ltd (000065) | $5.45 Billion | 12.95% | 1.70x | $959.60 Million |
| Shenzhen Tagen Group Co Ltd (000090) | $15.10 Billion | 10.04% | 3.60x | $590.29 Million |
| Jinyuan Cement Co Ltd (000546) | $180.30 Million | 2.77% | 1.35x | $309.89 Million |
| ChengDu Hi-Tech Development Co Ltd (000628) | $549.49 Million | 2.66% | 1.64x | $1.19 Billion |
| Gansu Engineering Consulting Group Co Ltd (000779) | $359.90 Million | 10.16% | 0.28x | $308.60 Million |
| Hainan Expressway Co Ltd (000886) | $2.32 Billion | 9.03% | 0.67x | $592.23 Million |
| Sinosteel Engineering and Technology Co Ltd (000928) | $5.22 Billion | 10.25% | 2.51x | $707.52 Million |