China West Construction Group Co Ltd (002302) - Net Assets

Latest as of September 2025: CN¥9.73 Billion CNY ≈ $1.42 Billion USD

Based on the latest financial reports, China West Construction Group Co Ltd (002302) has net assets worth CN¥9.73 Billion CNY (≈ $1.42 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¥34.41 Billion ≈ $5.04 Billion USD) and total liabilities (CN¥24.68 Billion ≈ $3.61 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. Read 002302 total liabilities for a breakdown of total debt and financial obligations.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥9.73 Billion
% of Total Assets	28.27%
Annual Growth Rate	21.04%
5-Year Change	6.58%
10-Year Change	145.29%
Growth Volatility	50.66

China West Construction Group Co Ltd - Net Assets Trend (2006–2024)

This chart illustrates how China West Construction Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore China West Construction Group Co Ltd assets under control for the complete picture of this company's asset base.

Annual Net Assets for China West Construction Group Co Ltd (2006–2024)

The table below shows the annual net assets of China West Construction Group Co Ltd from 2006 to 2024. For live valuation and market cap data, see market value of China West Construction Group Co Ltd.

Year	Net Assets	Change
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	--

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 2401.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥4.65 Billion	49.01%
Common Stock	CN¥1.26 Billion	13.31%
Other Components	CN¥3.57 Billion	37.68%
Total Equity	CN¥9.48 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
Chengdu Bright Eye Hospital Co. Ltd. SHE:301239	$1.03 Billion
Rukun Raharja Tbk JK:RAJA	$1.03 Billion
Summit TA:SMT	$1.03 Billion
Lecron Energy Saving Materials SHE:300343	$1.03 Billion
Anhui Huaheng Biotechnology Co. Ltd. A SHG:688639	$1.02 Billion
Ulker Biskuvi Sanayi AS IS:ULKER	$1.02 Billion
Shenzhen Anche Technologies Co Ltd SHE:300572	$1.02 Billion
Suzhou Keda Technology Co Ltd SHG:603660	$1.02 Billion

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 2023 to 2024, total equity changed from 9,932,862,502 to 9,481,347,402, a change of -451,515,100 (-4.5%).
Net loss of 262,525,939 reduced equity.
Dividend payments of 256,733,741 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥-262.53 Million	-2.77%
Dividends Paid	CN¥256.73 Million	-2.71%
Other Changes	CN¥67.74 Million	+0.71%
Total Change	CN¥-	-4.55%

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: 0.67x
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 6.84x to 0.67x 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¥5.55	x
2007-12-31	CN¥0.72	CN¥5.55	x
2008-12-31	CN¥0.89	CN¥5.55	x
2009-12-31	CN¥3.25	CN¥5.55	x
2010-12-31	CN¥1.82	CN¥5.55	x
2011-12-31	CN¥2.03	CN¥5.55	x
2012-12-31	CN¥1.27	CN¥5.55	x
2013-12-31	CN¥3.67	CN¥5.55	x
2014-12-31	CN¥3.58	CN¥5.55	x
2015-12-31	CN¥3.93	CN¥5.55	x
2016-12-31	CN¥4.19	CN¥5.55	x
2017-12-31	CN¥5.96	CN¥5.55	x
2018-12-31	CN¥5.15	CN¥5.55	x
2019-12-31	CN¥5.67	CN¥5.55	x
2020-12-31	CN¥6.20	CN¥5.55	x
2021-12-31	CN¥7.25	CN¥5.55	x
2022-12-31	CN¥7.57	CN¥5.55	x
2023-12-31	CN¥7.55	CN¥5.55	x
2024-12-31	CN¥8.25	CN¥5.55	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): -2.77%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -1.29%
• Asset Turnover: 0.61x
• Equity Multiplier: 3.53x
Recent ROE (-2.77%) is below the historical average (10.27%), 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

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: $1,101,970,703
Average return on equity (ROE) among peers: 46.05%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
China West Construction Group Co Ltd (002302)	CN¥9.73 Billion	17.20%	2.54x	$1.03 Billion
CSG Holding Co Ltd (000012)	$1.88 Billion	8.04%	0.44x	$1.16 Billion
Tangshan Jidong Cement Co Ltd (000401)	$1.58 Billion	7.27%	0.80x	$1.66 Billion
Gansu Shangfeng Cement Co Ltd (000672)	$6.69 Million	454.86%	19.68x	$1.99 Billion
Jiangxi Wannianqing Cement Co Ltd (000789)	$733.27 Million	4.14%	0.42x	$578.76 Million
Xinjiang Tianshan Cement Co Ltd (000877)	$1.26 Billion	5.35%	2.49x	$4.83 Billion
Sinostone Guangdong Co Ltd (001212)	$524.40 Million	20.73%	0.22x	$1.64 Billion
Ruitai Materials Technology Co Ltd (002066)	$864.92 Million	2.92%	2.92x	$801.95 Million
Guangdong Tapai Group Co Ltd (002233)	$1.94 Billion	11.11%	1.18x	$1.47 Billion
Hubei Guochuang Hi-tech Material Co Ltd (002377)	$1.13 Billion	-99.98%	1.45x	$481.37 Million

About China West Construction Group Co Ltd

SHE:002302 China Building Materials

Market Cap

$1.03 Billion

CN¥7.01 Billion CNY

Market Cap Rank

#8996 Global

#2395 in China

Share Price

CN¥5.55

Change (1 day)

-1.25%

52-Week Range

CN¥5.49 - CN¥7.83

All Time High

CN¥22.80