Shandong Hi-Speed Road&Bridge (000498) - Net Assets

Latest as of September 2025: CN¥31.96 Billion CNY ≈ $4.68 Billion USD

Based on the latest financial reports, Shandong Hi-Speed Road&Bridge (000498) has net assets worth CN¥31.96 Billion CNY (≈ $4.68 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¥173.93 Billion ≈ $25.45 Billion USD) and total liabilities (CN¥141.96 Billion ≈ $20.77 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. Check Shandong Hi-Speed Road&Bridge liquidity resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore Shandong Hi-Speed Road&Bridge balance sheet assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Shandong Hi-Speed Road&Bridge market capitalisation.

Year Net Assets Change
2024-12-31 CN¥35.37 Billion
≈ $5.18 Billion		 +8.26%
2023-12-31 CN¥32.67 Billion
≈ $4.78 Billion		 +42.35%
2022-12-31 CN¥22.95 Billion
≈ $3.36 Billion		 +14.69%
2021-12-31 CN¥20.01 Billion
≈ $2.93 Billion		 +55.21%
2020-12-31 CN¥12.89 Billion
≈ $1.89 Billion		 +56.26%
2019-12-31 CN¥8.25 Billion
≈ $1.21 Billion		 +29.74%
2018-12-31 CN¥6.36 Billion
≈ $930.68 Million		 +56.45%
2017-12-31 CN¥4.07 Billion
≈ $594.87 Million		 +17.13%
2016-12-31 CN¥3.47 Billion
≈ $507.86 Million		 +14.17%
2015-12-31 CN¥3.04 Billion
≈ $444.82 Million		 +14.46%
2014-12-31 CN¥2.66 Billion
≈ $388.62 Million		 +15.17%
2013-12-31 CN¥2.31 Billion
≈ $337.44 Million		 +13.91%
2012-12-31 CN¥2.02 Billion
≈ $296.24 Million		 +19593.38%
2011-12-31 CN¥10.28 Million
≈ $1.50 Million		 +4.76%
2010-12-31 CN¥9.81 Million
≈ $1.44 Million		 +6.49%
2009-12-31 CN¥9.21 Million
≈ $1.35 Million		 +101.40%
2008-12-31 CN¥-659.23 Million
≈ $-96.47 Million		 +1.37%
2007-12-31 CN¥-668.40 Million
≈ $-97.81 Million		 -1239.19%
2006-12-31 CN¥58.67 Million
≈ $8.59 Million		 -85.35%
2005-12-31 CN¥400.51 Million
≈ $58.61 Million		 -24.93%
2004-12-31 CN¥533.55 Million
≈ $78.07 Million		 +10.32%
2003-12-31 CN¥483.64 Million
≈ $70.77 Million		 +11.48%
2002-12-31 CN¥433.84 Million
≈ $63.48 Million		 -16.31%
2001-12-31 CN¥518.35 Million
≈ $75.85 Million		 -28.46%
2000-12-31 CN¥724.53 Million
≈ $106.02 Million		 +1.14%
1999-12-31 CN¥716.38 Million
≈ $104.83 Million		 +4.48%
1998-12-31 CN¥685.69 Million
≈ $100.34 Million		 +8.65%
1997-12-31 CN¥631.09 Million
≈ $92.35 Million		 +160.12%
1996-12-31 CN¥242.62 Million
≈ $35.50 Million		 +17.83%
1995-12-31 CN¥205.90 Million
≈ $30.13 Million		 +26.70%
1994-12-31 CN¥162.51 Million
≈ $23.78 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
Shaily Engineering Plastics Limited
NSE:SHAILY
 $1.26 Billion
Hunan Friendship&Apollo Commercial Co Ltd
SHE:002277
 $1.26 Billion
Jasa Marga Tbk
JK:JSMR
 $1.26 Billion
ProAssurance Corporation
NYSE:PRA
 $1.26 Billion
Lindab International AB
ST:LIAB
 $1.26 Billion
BioGaia AB (publ)
ST:BIOG-B
 $1.26 Billion
Shin Zu Shing Co Ltd
TW:3376
 $1.26 Billion
WIZZ AIR HLDG.UNSP.ADR/4
F:WI20
 $1.26 Billion

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: 0.56x
  • 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 13.33x to 0.56x 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¥5.54 x
1995-12-31 CN¥0.53 CN¥5.54 x
1996-12-31 CN¥0.62 CN¥5.54 x
1997-12-31 CN¥1.61 CN¥5.54 x
1998-12-31 CN¥1.75 CN¥5.54 x
1999-12-31 CN¥1.83 CN¥5.54 x
2000-12-31 CN¥1.49 CN¥5.54 x
2001-12-31 CN¥1.33 CN¥5.54 x
2002-12-31 CN¥1.07 CN¥5.54 x
2003-12-31 CN¥1.20 CN¥5.54 x
2004-12-31 CN¥1.32 CN¥5.54 x
2005-12-31 CN¥1.02 CN¥5.54 x
2006-12-31 CN¥0.15 CN¥5.54 x
2007-12-31 CN¥-1.71 CN¥5.54 x
2008-12-31 CN¥-1.46 CN¥5.54 x
2009-12-31 CN¥0.02 CN¥5.54 x
2010-12-31 CN¥0.02 CN¥5.54 x
2011-12-31 CN¥3.96 CN¥5.54 x
2012-12-31 CN¥2.82 CN¥5.54 x
2013-12-31 CN¥2.06 CN¥5.54 x
2014-12-31 CN¥2.37 CN¥5.54 x
2015-12-31 CN¥2.71 CN¥5.54 x
2016-12-31 CN¥3.07 CN¥5.54 x
2017-12-31 CN¥3.58 CN¥5.54 x
2018-12-31 CN¥4.77 CN¥5.54 x
2019-12-31 CN¥6.44 CN¥5.54 x
2020-12-31 CN¥7.25 CN¥5.54 x
2021-12-31 CN¥8.68 CN¥5.54 x
2022-12-31 CN¥10.28 CN¥5.54 x
2023-12-31 CN¥10.72 CN¥5.54 x
2024-12-31 CN¥9.82 CN¥5.54 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: $2,897,038,125
  • Average return on equity (ROE) among peers: 6.89%

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 $1.26 Billion
Shenzhen Ecobeauty Co Ltd (000010) $86.44 Million 8.33% 1.82x $486.19 Million
Shenzhen Sed Industry Co Ltd (000032) $659.52 Million 6.07% 1.00x $3.08 Billion
NORINCO International Cooperation Ltd (000065) $9.29 Billion 9.88% 1.56x $2.17 Billion
Shenzhen Tagen Group Co Ltd (000090) $3.07 Billion 6.62% 1.44x $962.46 Million
Jinyuan Cement Co Ltd (000546) $6.14 Billion 1.41% 0.76x $878.49 Million
Hunan Investment Group Co Ltd (000548) $1.55 Billion 3.80% 0.54x $389.36 Million
ChengDu Hi-Tech Development Co Ltd (000628) $686.52 Million 6.80% 4.78x $3.41 Billion
Gansu Engineering Consulting Group Co Ltd (000779) $2.16 Billion 14.25% 0.81x $602.65 Million
Hainan Expressway Co Ltd (000886) $2.44 Billion 4.85% 0.21x $800.17 Million

About Shandong Hi-Speed Road&Bridge

SHE:000498 China Engineering & Construction
Market Cap
$1.26 Billion
CN¥8.60 Billion CNY
Market Cap Rank
#8116 Global
#2049 in China
Share Price
CN¥5.54
Change (1 day)
-4.65%
52-Week Range
CN¥5.54 - CN¥6.49
All Time High
CN¥10.96
Categories
Companies in China Engineering & Construction
About

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