Chengdu Xingrong Investment Co Ltd (000598) - Net Assets

Latest as of March 2026: CN¥21.93 Billion CNY ≈ $3.21 Billion USD

Based on the latest financial reports, Chengdu Xingrong Investment Co Ltd (000598) has net assets worth CN¥21.93 Billion CNY (≈ $3.21 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥51.78 Billion ≈ $7.58 Billion USD) and total liabilities (CN¥29.85 Billion ≈ $4.37 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 Chengdu Xingrong Investment Co Ltd (000598) strategic investment index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥21.93 Billion
% of Total Assets 42.36%
Annual Growth Rate 31.19%
5-Year Change 401.56%
10-Year Change 685.99%
Growth Volatility 73.85

Chengdu Xingrong Investment Co Ltd - Net Assets Trend (1993–2025)

This chart illustrates how Chengdu Xingrong Investment Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Chengdu Xingrong Investment Co Ltd (000598) market capitalisation.

Annual Net Assets for Chengdu Xingrong Investment Co Ltd (1993–2025)

The table below shows the annual net assets of Chengdu Xingrong Investment Co Ltd from 1993 to 2025. Also explore 000598 year-over-year net asset growth to track the company's year-over-year net asset growth rate.

Year Net Assets Change
2025-12-31 CN¥71.94 Billion
≈ $10.53 Billion		 +267.93%
2024-12-31 CN¥19.55 Billion
≈ $2.86 Billion		 +9.89%
2023-12-31 CN¥17.79 Billion
≈ $2.60 Billion		 +13.07%
2022-12-31 CN¥15.74 Billion
≈ $2.30 Billion		 +9.70%
2021-12-31 CN¥14.34 Billion
≈ $2.10 Billion		 +8.68%
2020-12-31 CN¥13.20 Billion
≈ $1.93 Billion		 +10.03%
2019-12-31 CN¥11.99 Billion
≈ $1.76 Billion		 +7.55%
2018-12-31 CN¥11.15 Billion
≈ $1.63 Billion		 +9.51%
2017-12-31 CN¥10.18 Billion
≈ $1.49 Billion		 +11.27%
2016-12-31 CN¥9.15 Billion
≈ $1.34 Billion		 +10.08%
2015-12-31 CN¥8.32 Billion
≈ $1.22 Billion		 +10.79%
2014-12-31 CN¥7.51 Billion
≈ $1.10 Billion		 +10.36%
2013-12-31 CN¥6.80 Billion
≈ $995.17 Million		 +56.13%
2012-12-31 CN¥4.36 Billion
≈ $637.41 Million		 +13.15%
2011-12-31 CN¥3.85 Billion
≈ $563.31 Million		 +15.63%
2010-12-31 CN¥3.33 Billion
≈ $487.18 Million		 +126.52%
2009-12-31 CN¥1.47 Billion
≈ $215.07 Million		 +93.43%
2008-12-31 CN¥759.82 Million
≈ $111.19 Million		 -1.86%
2007-12-31 CN¥774.21 Million
≈ $113.29 Million		 -5.03%
2006-12-31 CN¥815.19 Million
≈ $119.29 Million		 +5.94%
2005-12-31 CN¥769.52 Million
≈ $112.60 Million		 -18.20%
2004-12-31 CN¥940.77 Million
≈ $137.66 Million		 -11.91%
2003-12-31 CN¥1.07 Billion
≈ $156.28 Million		 +27.23%
2002-12-31 CN¥839.42 Million
≈ $122.83 Million		 +4.60%
2001-12-31 CN¥802.49 Million
≈ $117.43 Million		 +37.78%
2000-12-31 CN¥582.43 Million
≈ $85.23 Million		 +8.77%
1999-12-31 CN¥535.48 Million
≈ $78.36 Million		 +43.35%
1998-12-31 CN¥373.55 Million
≈ $54.66 Million		 +11.17%
1997-12-31 CN¥336.01 Million
≈ $49.17 Million		 +41.11%
1996-12-31 CN¥238.12 Million
≈ $34.85 Million		 +265.76%
1995-12-31 CN¥65.10 Million
≈ $9.53 Million		 +227.98%
1994-12-31 CN¥19.85 Million
≈ $2.90 Million		 +63.49%
1993-12-31 CN¥12.14 Million
≈ $1.78 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 5289005.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CN¥13.84 Billion 66.21%
Other Comprehensive Income CN¥19.48 Billion 93.19%
Total Equity CN¥20.90 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
Guangdong Zhongsheng Pharmaceutical Co Ltd
SHE:002317
 $3.08 Billion
Schneider Electric Infrastructure Limited
NSE:SCHNEIDER
 $3.09 Billion
Bravida Holding AB
ST:BRAV
 $3.09 Billion
Guangdong HongDa Blasting Co Ltd
SHE:002683
 $3.09 Billion
Vita Coco Company Inc
NASDAQ:COCO
 $3.08 Billion
Jason Furniture(Hangzhou)
SHG:603816
 $3.08 Billion
Sigma Advanced Systems Limited
NSE:MEGASOFT
 $3.08 Billion
LG Display Co Ltd
NYSE:LPL
 $3.08 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 2024 to 2025, total equity changed from 18,160,049,995 to 20,904,455,000, a change of 2,744,405,005 (15.1%).
  • Net income of 2,004,213,000 contributed positively to equity growth.
  • Dividend payments of 1,075,143,076 reduced retained earnings.
  • Other comprehensive income increased equity by 19,471,271,937.
  • Other factors decreased equity by 17,655,936,856.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CN¥2.00 Billion +9.59%
Dividends Paid CN¥1.08 Billion -5.14%
Other Comprehensive Income CN¥19.47 Billion +93.14%
Other Changes CN¥-17.66 Billion -84.46%
Total Change CN¥- 15.11%

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: 1.01x
  • 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 773.67x to 1.01x 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¥7.06 x
1994-12-31 CN¥0.01 CN¥7.06 x
1995-12-31 CN¥0.05 CN¥7.06 x
1996-12-31 CN¥0.18 CN¥7.06 x
1997-12-31 CN¥0.25 CN¥7.06 x
1998-12-31 CN¥0.28 CN¥7.06 x
1999-12-31 CN¥0.39 CN¥7.06 x
2000-12-31 CN¥0.43 CN¥7.06 x
2001-12-31 CN¥0.59 CN¥7.06 x
2002-12-31 CN¥0.62 CN¥7.06 x
2003-12-31 CN¥0.63 CN¥7.06 x
2004-12-31 CN¥0.65 CN¥7.06 x
2005-12-31 CN¥0.53 CN¥7.06 x
2006-12-31 CN¥0.33 CN¥7.06 x
2007-12-31 CN¥0.50 CN¥7.06 x
2008-12-31 CN¥0.47 CN¥7.06 x
2009-12-31 CN¥1.11 CN¥7.06 x
2010-12-31 CN¥1.34 CN¥7.06 x
2011-12-31 CN¥1.52 CN¥7.06 x
2012-12-31 CN¥1.71 CN¥7.06 x
2013-12-31 CN¥2.36 CN¥7.06 x
2014-12-31 CN¥2.48 CN¥7.06 x
2015-12-31 CN¥2.79 CN¥7.06 x
2016-12-31 CN¥2.97 CN¥7.06 x
2017-12-31 CN¥3.24 CN¥7.06 x
2018-12-31 CN¥3.49 CN¥7.06 x
2019-12-31 CN¥3.74 CN¥7.06 x
2020-12-31 CN¥4.13 CN¥7.06 x
2021-12-31 CN¥4.53 CN¥7.06 x
2022-12-31 CN¥4.95 CN¥7.06 x
2023-12-31 CN¥5.58 CN¥7.06 x
2024-12-31 CN¥6.08 CN¥7.06 x
2025-12-31 CN¥6.99 CN¥7.06 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): 9.59%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 22.10%
  • • Asset Turnover: 0.18x
  • • Equity Multiplier: 2.44x
  • Recent ROE (9.59%) is below the historical average (11.33%), 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¥541.53K
1999 9.89% 28.42% 0.28x 1.23x CN¥-580.24K
2000 11.29% 25.99% 0.35x 1.24x CN¥7.31 Million
2001 7.35% 20.47% 0.27x 1.34x CN¥-20.93 Million
2002 4.07% 11.73% 0.23x 1.48x CN¥-48.75 Million
2003 2.86% 7.23% 0.18x 2.17x CN¥-59.95 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 1.90% 1.21% 0.61x 2.57x CN¥-58.88 Million
2007 11.87% 3.85% 1.19x 2.59x CN¥12.57 Million
2008 -1.45% -0.40% 1.15x 3.11x CN¥-75.69 Million
2009 15.19% 39.71% 0.24x 1.57x CN¥76.27 Million
2010 7.09% 38.58% 0.10x 1.86x CN¥-96.87 Million
2011 15.27% 30.95% 0.26x 1.88x CN¥202.92 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 10.07% 27.61% 0.22x 1.63x CN¥5.50 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 10.53% 24.16% 0.17x 2.53x CN¥64.98 Million
2021 11.10% 22.13% 0.20x 2.56x CN¥147.92 Million
2022 10.95% 21.20% 0.20x 2.60x CN¥139.75 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
2025 9.59% 22.10% 0.18x 2.44x CN¥-86.23 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: $2,121,602,718
  • Average return on equity (ROE) among peers: 6.19%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Chengdu Xingrong Investment Co Ltd (000598) CN¥21.93 Billion 59.81% 1.36x $3.08 Billion
Bohai Water Industry Co Ltd (000605) $164.13 Million 2.53% 1.04x $295.18 Million
Zhongshan Public Utilities Group Co Ltd (000685) $11.50 Billion 8.37% 0.31x $2.36 Billion
Guangdong Shunkong Development Co Ltd (003039) $1.96 Billion 0.67% 0.52x $1.15 Billion
Gansu Dayu Water saving Group (300021) $426.20 Million 7.03% 1.63x $567.00 Million
Beijing Water Business Doctor (300055) $1.75 Billion 5.65% 0.24x $694.25 Million
BGT Group Co. Ltd. (300774) $1.45 Billion 11.99% 0.37x $590.97 Million
Hynar Water Group Co. Ltd. (300961) $598.01 Million -29.77% 3.14x $303.52 Million
Shenzhen Water Planning & Design Institute Co. Ltd. (301038) $930.59 Million 5.66% 1.18x $549.07 Million
Wuhan Sanzhen Industry Holding Co Ltd (600168) $311.28 Million 43.58% 0.10x $632.34 Million

About Chengdu Xingrong Investment Co Ltd

SHE:000598 China Utilities - Regulated Water
Market Cap
$3.08 Billion
CN¥21.07 Billion CNY
Market Cap Rank
#4835 Global
#798 in China
Share Price
CN¥7.06
Change (1 day)
-1.26%
52-Week Range
CN¥6.42 - CN¥7.43
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