China West Construction Group Co Ltd (002302) - Net Assets
Based on the latest financial reports, China West Construction Group Co Ltd (002302) has net assets worth CN¥9.48 Billion CNY (≈ $1.39 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¥32.48 Billion ≈ $4.75 Billion USD) and total liabilities (CN¥22.99 Billion ≈ $3.36 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 002302 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥9.48 Billion |
| % of Total Assets | 29.2% |
| Annual Growth Rate | 19.23% |
| 5-Year Change | -14.98% |
| 10-Year Change | 109.74% |
| Growth Volatility | 49.99 |
China West Construction Group Co Ltd - Net Assets Trend (2006–2025)
This chart illustrates how China West Construction Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See China West Construction Group Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for China West Construction Group Co Ltd (2006–2025)
The table below shows the annual net assets of China West Construction Group Co Ltd from 2006 to 2025. For live valuation and market cap data, see market value of China West Construction Group Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥9.74 Billion ≈ $1.43 Billion |
-9.11% |
| 2024-12-31 | CN¥10.72 Billion ≈ $1.57 Billion |
-3.23% |
| 2023-12-31 | CN¥11.08 Billion ≈ $1.62 Billion |
+6.18% |
| 2022-12-31 | CN¥10.43 Billion ≈ $1.53 Billion |
-8.96% |
| 2021-12-31 | CN¥11.46 Billion ≈ $1.68 Billion |
+13.94% |
| 2020-12-31 | CN¥10.06 Billion ≈ $1.47 Billion |
+9.04% |
| 2019-12-31 | CN¥9.22 Billion ≈ $1.35 Billion |
+31.94% |
| 2018-12-31 | CN¥6.99 Billion ≈ $1.02 Billion |
+4.16% |
| 2017-12-31 | CN¥6.71 Billion ≈ $982.03 Million |
+44.49% |
| 2016-12-31 | CN¥4.64 Billion ≈ $679.67 Million |
+6.29% |
| 2015-12-31 | CN¥4.37 Billion ≈ $639.42 Million |
+8.59% |
| 2014-12-31 | CN¥4.02 Billion ≈ $588.84 Million |
+8.68% |
| 2013-12-31 | CN¥3.70 Billion ≈ $541.82 Million |
+181.80% |
| 2012-12-31 | CN¥1.31 Billion ≈ $192.27 Million |
+10.22% |
| 2011-12-31 | CN¥1.19 Billion ≈ $174.43 Million |
+12.77% |
| 2010-12-31 | CN¥1.06 Billion ≈ $154.68 Million |
+10.68% |
| 2009-12-31 | CN¥955.12 Million ≈ $139.76 Million |
+149.64% |
| 2008-12-31 | CN¥382.60 Million ≈ $55.99 Million |
+23.07% |
| 2007-12-31 | CN¥310.89 Million ≈ $45.49 Million |
-9.77% |
| 2006-12-31 | CN¥344.53 Million ≈ $50.42 Million |
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Equity Component Analysis
This analysis shows how different components contribute to China West Construction Group 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 1912.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.74 Billion | 43.59% |
| Other Components | CN¥4.84 Billion | 56.41% |
| Total Equity | CN¥8.58 Billion | 100.00% |
China West Construction Group Co Ltd Competitors by Market Cap
The table below lists competitors of China West Construction Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sparebanken Sor
OL:SOR
|
$890.43 Million |
|
Sri Trang Agro-Industry Public Company Limited
BK:STA
|
$890.49 Million |
|
Hubei Chutian Expressway Co Ltd
SHG:600035
|
$890.61 Million |
|
Jiaxing ZMAX Optech Co. Ltd. A
SHG:688307
|
$890.75 Million |
|
Companhia de Saneamento do Paraná - SANEPAR
SA:SAPR3
|
$889.58 Million |
|
Standard Lithium Ltd
V:SLI
|
$889.08 Million |
|
AAEON Technology Inc
TW:6579
|
$888.88 Million |
|
Hidrovias do Brasil S.A
SA:HBSA3
|
$888.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China West Construction Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,481,347,402 to 8,578,173,430, a change of -903,173,972 (-9.5%).
- Net loss of 729,710,373 reduced equity.
- Dividend payments of 242,471,794 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-729.71 Million | -8.51% |
| Dividends Paid | CN¥242.47 Million | -2.83% |
| Other Changes | CN¥69.01 Million | +0.8% |
| Total Change | CN¥- | -9.53% |
Book Value vs Market Value Analysis
This analysis compares China West Construction Group 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: 0.71x
- 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 5.94x to 0.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.81 | CN¥4.82 | x |
| 2007-12-31 | CN¥0.72 | CN¥4.82 | x |
| 2008-12-31 | CN¥0.89 | CN¥4.82 | x |
| 2009-12-31 | CN¥3.25 | CN¥4.82 | x |
| 2010-12-31 | CN¥1.82 | CN¥4.82 | x |
| 2011-12-31 | CN¥2.03 | CN¥4.82 | x |
| 2012-12-31 | CN¥1.27 | CN¥4.82 | x |
| 2013-12-31 | CN¥3.67 | CN¥4.82 | x |
| 2014-12-31 | CN¥3.58 | CN¥4.82 | x |
| 2015-12-31 | CN¥3.93 | CN¥4.82 | x |
| 2016-12-31 | CN¥4.19 | CN¥4.82 | x |
| 2017-12-31 | CN¥5.96 | CN¥4.82 | x |
| 2018-12-31 | CN¥5.15 | CN¥4.82 | x |
| 2019-12-31 | CN¥5.67 | CN¥4.82 | x |
| 2020-12-31 | CN¥6.20 | CN¥4.82 | x |
| 2021-12-31 | CN¥7.25 | CN¥4.82 | x |
| 2022-12-31 | CN¥7.57 | CN¥4.82 | x |
| 2023-12-31 | CN¥7.55 | CN¥4.82 | x |
| 2024-12-31 | CN¥8.25 | CN¥4.82 | x |
| 2025-12-31 | CN¥6.80 | CN¥4.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China West Construction Group 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): -8.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.03%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 3.71x
- Recent ROE (-8.51%) is below the historical average (9.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 17.20% | 13.73% | 0.77x | 1.63x | CN¥23.56 Million |
| 2007 | 21.75% | 14.10% | 0.84x | 1.83x | CN¥34.50 Million |
| 2008 | 18.10% | 8.29% | 1.06x | 2.06x | CN¥29.03 Million |
| 2009 | 8.59% | 8.69% | 0.63x | 1.57x | CN¥-12.97 Million |
| 2010 | 10.87% | 7.87% | 0.88x | 1.57x | CN¥8.63 Million |
| 2011 | 10.12% | 5.29% | 0.86x | 2.21x | CN¥1.28 Million |
| 2012 | 27.24% | 4.73% | 2.24x | 2.57x | CN¥204.72 Million |
| 2013 | 11.85% | 4.73% | 0.96x | 2.61x | CN¥63.46 Million |
| 2014 | 8.95% | 3.26% | 0.94x | 2.92x | CN¥-39.04 Million |
| 2015 | 8.64% | 3.37% | 0.82x | 3.13x | CN¥-54.48 Million |
| 2016 | 7.39% | 2.74% | 0.81x | 3.31x | CN¥-111.59 Million |
| 2017 | 1.68% | 0.71% | 0.82x | 2.89x | CN¥-524.36 Million |
| 2018 | 4.66% | 1.61% | 0.95x | 3.04x | CN¥-347.90 Million |
| 2019 | 9.23% | 2.89% | 1.02x | 3.14x | CN¥-54.77 Million |
| 2020 | 10.02% | 3.35% | 0.98x | 3.04x | CN¥1.35 Million |
| 2021 | 9.23% | 3.14% | 0.90x | 3.28x | CN¥-70.67 Million |
| 2022 | 5.81% | 2.23% | 0.75x | 3.48x | CN¥-400.69 Million |
| 2023 | 6.49% | 2.82% | 0.66x | 3.46x | CN¥-348.38 Million |
| 2024 | -2.77% | -1.29% | 0.61x | 3.53x | CN¥-1.21 Billion |
| 2025 | -8.51% | -4.03% | 0.57x | 3.71x | CN¥-1.59 Billion |
Industry Comparison
This section compares China West Construction Group Co Ltd's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $14,035,816,462
- Average return on equity (ROE) among peers: 6.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China West Construction Group Co Ltd (002302) | CN¥9.48 Billion | 17.20% | 2.42x | $890.36 Million |
| CSG Holding Co Ltd (000012) | $146.50 Million | 17.40% | 1.68x | $1.18 Billion |
| Tangshan Jidong Cement Co Ltd (000401) | $11.27 Billion | 4.47% | 2.64x | $1.50 Billion |
| Gansu Shangfeng Cement Co Ltd (000672) | $72.21 Million | 8.61% | 1.26x | $2.39 Billion |
| Jiangxi Wannianqing Cement Co Ltd (000789) | $4.63 Billion | 9.98% | 0.81x | $495.92 Million |
| Xinjiang Tianshan Cement Co Ltd (000877) | $91.53 Billion | -7.97% | 2.02x | $4.21 Billion |
| Sinostone Guangdong Co Ltd (001212) | $1.73 Billion | 1.76% | 0.35x | $1.47 Billion |
| Ruitai Materials Technology Co Ltd (002066) | $1.09 Billion | 2.54% | 2.42x | $761.39 Million |
| Guangdong Tapai Group Co Ltd (002233) | $10.46 Billion | 17.05% | 0.21x | $1.33 Billion |
| Hubei Guochuang Hi-tech Material Co Ltd (002377) | $5.39 Billion | 5.69% | 0.23x | $375.44 Million |
About China West Construction Group Co Ltd
China West Construction Group Co., Ltd engages in the building materials business in China, Malaysia, Indonesia, Cambodia, and internationally. The company offers ready-mixed concrete, radiating cement, admixtures, commercial mortar, and sand and gravel aggregates. It is involved in logistics and transportation; technology research and development and services; testing services; resource utilizat… Read more