Chengdu Xingrong Investment Co Ltd

SHE:000598 China Utilities - Regulated Water
Market Cap
$2.88 Billion
CN¥21.10 Billion CNY
Market Cap Rank
#6543 Global
#1005 in China
Share Price
CN¥7.07
Change (1 day)
-0.84%
52-Week Range
CN¥6.63 - CN¥7.61
All Time High
CN¥8.41
Categories
Companies in China Utilities - Regulated Water
About

Chengdu Xingrong Environment Co., Ltd. primarily engages in the tap water business in China. The company operates through six segments: Sewage Processing; Tap Water Production and Sales; Sewage Pipe Network Project; Garbage Leachate Treatment; Sludge Treatment; and Waste Incineration Power Generation. It is involved in the water extraction from water sources, tap water purification, water pipe tr… Read more

Chengdu Xingrong Investment Co Ltd (000598) - Net Assets

Latest net assets as of September 2025: CN¥20.90 Billion CNY

Based on the latest financial reports, Chengdu Xingrong Investment Co Ltd (000598) has net assets worth CN¥20.90 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¥49.37 Billion) and total liabilities (CN¥28.47 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¥20.90 Billion
% of Total Assets 42.34%
Annual Growth Rate 26.9%
5-Year Change 48.76%
10-Year Change 135.15%
Growth Volatility 66.2

Chengdu Xingrong Investment Co Ltd - Net Assets Trend (1993–2024)

This chart illustrates how Chengdu Xingrong Investment 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 Chengdu Xingrong Investment Co Ltd (1993–2024)

The table below shows the annual net assets of Chengdu Xingrong Investment Co Ltd from 1993 to 2024.

Year Net Assets Change
2024-12-31 CN¥19.55 Billion +9.89%
2023-12-31 CN¥17.79 Billion +13.07%
2022-12-31 CN¥15.74 Billion +9.70%
2021-12-31 CN¥14.34 Billion +9.13%
2020-12-31 CN¥13.14 Billion +9.58%
2019-12-31 CN¥11.99 Billion +7.55%
2018-12-31 CN¥11.15 Billion +9.51%
2017-12-31 CN¥10.18 Billion +11.27%
2016-12-31 CN¥9.15 Billion +10.08%
2015-12-31 CN¥8.32 Billion +10.99%
2014-12-31 CN¥7.49 Billion +10.16%
2013-12-31 CN¥6.80 Billion +56.13%
2012-12-31 CN¥4.36 Billion +16.87%
2011-12-31 CN¥3.73 Billion +126.91%
2010-12-31 CN¥1.64 Billion +156.73%
2009-12-31 CN¥639.79 Million -15.80%
2008-12-31 CN¥759.82 Million -1.86%
2007-12-31 CN¥774.21 Million -0.81%
2006-12-31 CN¥780.55 Million +1.43%
2005-12-31 CN¥769.52 Million -18.20%
2004-12-31 CN¥940.77 Million -12.56%
2003-12-31 CN¥1.08 Billion +29.67%
2002-12-31 CN¥829.73 Million +3.39%
2001-12-31 CN¥802.49 Million +37.30%
2000-12-31 CN¥584.48 Million +9.15%
1999-12-31 CN¥535.48 Million +43.21%
1998-12-31 CN¥373.91 Million +11.28%
1997-12-31 CN¥336.01 Million +41.11%
1996-12-31 CN¥238.12 Million +265.76%
1995-12-31 CN¥65.10 Million +227.98%
1994-12-31 CN¥19.85 Million +63.49%
1993-12-31 CN¥12.14 Million --

Equity Component Analysis

This analysis shows how different components contribute to Chengdu Xingrong Investment 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 4756097.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥12.45 Billion 68.54%
Common Stock CN¥2.98 Billion 16.43%
Other Comprehensive Income CN¥10.60 Million 0.06%
Other Components CN¥2.72 Billion 14.97%
Total Equity CN¥18.16 Billion 100.00%

Chengdu Xingrong Investment Co Ltd Competitors by Market Cap

The table below lists competitors of Chengdu Xingrong Investment Co Ltd ranked by their market capitalization.

Company Market Cap
STORSKOGEN GROUP AB SER.B
F:0VK
 		$1.21 Billion
Sandy Spring Bancorp Inc
NASDAQ:SASR
 		$1.21 Billion
Bank of Maharashtra
NSE:MAHABANK
 		$1.22 Billion
Chongqing Iron & Steel Co Ltd Class A
SHG:601005
 		$1.22 Billion
Bitfarms Ltd
NASDAQ:BITF
 		$1.21 Billion
Hubei Jumpcan Pharmaceutical Co Ltd
SHG:600566
 		$1.21 Billion
Jiangzhong Pharmaceutical Co Ltd
SHG:600750
 		$1.21 Billion
City Developments Ltd
PINK:CDEVY
 		$1.21 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Chengdu Xingrong Investment Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 16,643,592,400 to 18,160,049,995, a change of 1,516,457,595 (9.1%).
  • Net income of 1,996,116,863 contributed positively to equity growth.
  • Dividend payments of 1,044,119,116 reduced retained earnings.
  • Share repurchases of 1,639,768 reduced equity.
  • Other comprehensive income increased equity by 1,077,180.
  • Other factors increased equity by 565,022,436.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥2.00 Billion +10.99%
Dividends Paid CN¥1.04 Billion -5.75%
Share Repurchases CN¥1.64 Million -0.01%
Other Comprehensive Income CN¥1.08 Million +0.01%
Other Changes CN¥565.02 Million +3.11%
Total Change CN¥- 9.11%

Book Value vs Market Value Analysis

This analysis compares Chengdu Xingrong Investment 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: 1.16x
  • 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 774.76x to 1.16x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1993-12-31 CN¥0.01 CN¥7.07 x
1994-12-31 CN¥0.01 CN¥7.07 x
1995-12-31 CN¥0.05 CN¥7.07 x
1996-12-31 CN¥0.18 CN¥7.07 x
1997-12-31 CN¥0.25 CN¥7.07 x
1998-12-31 CN¥0.28 CN¥7.07 x
1999-12-31 CN¥0.39 CN¥7.07 x
2000-12-31 CN¥0.43 CN¥7.07 x
2001-12-31 CN¥0.59 CN¥7.07 x
2002-12-31 CN¥0.61 CN¥7.07 x
2003-12-31 CN¥0.64 CN¥7.07 x
2004-12-31 CN¥0.65 CN¥7.07 x
2005-12-31 CN¥0.53 CN¥7.07 x
2006-12-31 CN¥0.33 CN¥7.07 x
2007-12-31 CN¥0.50 CN¥7.07 x
2008-12-31 CN¥0.47 CN¥7.07 x
2009-12-31 CN¥0.41 CN¥7.07 x
2010-12-31 CN¥0.66 CN¥7.07 x
2011-12-31 CN¥1.47 CN¥7.07 x
2012-12-31 CN¥1.73 CN¥7.07 x
2013-12-31 CN¥2.36 CN¥7.07 x
2014-12-31 CN¥2.48 CN¥7.07 x
2015-12-31 CN¥2.79 CN¥7.07 x
2016-12-31 CN¥2.97 CN¥7.07 x
2017-12-31 CN¥3.24 CN¥7.07 x
2018-12-31 CN¥3.49 CN¥7.07 x
2019-12-31 CN¥3.79 CN¥7.07 x
2020-12-31 CN¥4.13 CN¥7.07 x
2021-12-31 CN¥4.53 CN¥7.07 x
2022-12-31 CN¥4.95 CN¥7.07 x
2023-12-31 CN¥5.58 CN¥7.07 x
2024-12-31 CN¥6.08 CN¥7.07 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Chengdu Xingrong Investment 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): 10.99%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 22.06%
  • • Asset Turnover: 0.19x
  • • Equity Multiplier: 2.67x
  • Recent ROE (10.99%) is below the historical average (12.43%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1993 59.81% 35.58% 1.44x 1.17x CN¥6.05 Million
1994 41.99% 30.84% 0.91x 1.50x CN¥6.35 Million
1995 21.94% 36.24% 0.46x 1.33x CN¥7.77 Million
1996 14.44% 64.08% 0.21x 1.09x CN¥10.57 Million
1997 12.16% 47.07% 0.21x 1.21x CN¥7.25 Million
1998 10.14% 37.55% 0.24x 1.13x CN¥505.70K
1999 9.89% 28.42% 0.28x 1.23x CN¥-580.24K
2000 11.25% 25.99% 0.35x 1.24x CN¥7.10 Million
2001 7.35% 20.47% 0.27x 1.34x CN¥-20.93 Million
2002 4.12% 11.73% 0.23x 1.49x CN¥-47.78 Million
2003 2.84% 7.23% 0.18x 2.15x CN¥-60.53 Million
2004 0.44% 0.98% 0.18x 2.49x CN¥-82.19 Million
2005 -22.48% -25.01% 0.35x 2.60x CN¥-227.93 Million
2006 1.95% 1.21% 0.68x 2.39x CN¥-57.22 Million
2007 11.87% 3.85% 1.16x 2.65x CN¥12.57 Million
2008 -1.45% -0.40% 1.15x 3.11x CN¥-75.69 Million
2009 40.78% 39.71% 0.27x 3.79x CN¥168.50 Million
2010 14.36% 38.58% 0.24x 1.58x CN¥71.69 Million
2011 15.77% 30.95% 0.27x 1.90x CN¥215.16 Million
2012 16.76% 33.73% 0.26x 1.93x CN¥292.86 Million
2013 11.01% 30.85% 0.23x 1.54x CN¥68.40 Million
2014 10.09% 27.61% 0.22x 1.63x CN¥6.91 Million
2015 10.05% 26.93% 0.22x 1.73x CN¥4.07 Million
2016 9.76% 28.58% 0.18x 1.89x CN¥-21.77 Million
2017 9.25% 24.01% 0.20x 1.94x CN¥-72.65 Million
2018 9.46% 23.75% 0.20x 2.00x CN¥-56.41 Million
2019 9.61% 22.35% 0.19x 2.25x CN¥-43.36 Million
2020 10.58% 24.16% 0.17x 2.52x CN¥70.96 Million
2021 11.10% 22.13% 0.20x 2.56x CN¥147.85 Million
2022 10.95% 21.20% 0.20x 2.59x CN¥139.72 Million
2023 11.08% 22.80% 0.19x 2.62x CN¥179.05 Million
2024 10.99% 22.06% 0.19x 2.67x CN¥180.11 Million

Industry Comparison

This section compares Chengdu Xingrong Investment Co Ltd's net assets metrics with peer companies in the Utilities - Regulated Water industry.

Industry Context

  • Industry: Utilities - Regulated Water
  • Average net assets among peers: $2,399,483,421
  • Average return on equity (ROE) among peers: 7.27%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Chengdu Xingrong Investment Co Ltd (000598) CN¥20.90 Billion 59.81% 1.36x $1.21 Billion
Bohai Water Industry Co Ltd (000605) $164.13 Million 2.53% 1.04x $171.74 Million
Zhongshan Public Utilities Group Co Ltd (000685) $11.04 Billion 13.53% 0.25x $1.16 Billion
Guangdong Shunkong Development Co Ltd (003039) $1.68 Billion 11.76% 1.49x $276.18 Million
Gansu Dayu Water saving Group (300021) $2.33 Billion 3.48% 3.01x $349.89 Million
Beijing Water Business Doctor (300055) $1.60 Billion 3.85% 0.13x $355.06 Million
BGT Group Co. Ltd. (300774) $1.52 Billion 2.16% 0.65x $371.81 Million
Hynar Water Group Co. Ltd. (300961) $695.55 Million 13.29% 1.35x $339.95 Million
Shenzhen Water Planning & Design Institute Co. Ltd. (301038) $942.31 Million 11.26% 0.90x $202.63 Million
Wuhan Sanzhen Industry Holding Co Ltd (600168) $1.63 Billion 3.60% 0.65x $316.91 Million