Cendes Co Ltd Class A (300492) - Net Assets
Based on the latest financial reports, Cendes Co Ltd Class A (300492) has net assets worth CN¥255.52 Million CNY (≈ $37.39 Million 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¥2.08 Billion ≈ $303.83 Million USD) and total liabilities (CN¥1.82 Billion ≈ $266.44 Million 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 Cendes Co Ltd Class A tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥255.52 Million |
| % of Total Assets | 12.31% |
| Annual Growth Rate | 2.59% |
| 5-Year Change | -54.72% |
| 10-Year Change | -55.3% |
| Growth Volatility | 30.75 |
Cendes Co Ltd Class A - Net Assets Trend (2011–2025)
This chart illustrates how Cendes Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. See 300492 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Cendes Co Ltd Class A (2011–2025)
The table below shows the annual net assets of Cendes Co Ltd Class A from 2011 to 2025. For live valuation and market cap data, see Cendes Co Ltd Class A market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥134.20 Million ≈ $19.64 Million |
-53.40% |
| 2024-12-31 | CN¥287.97 Million ≈ $42.14 Million |
+37.38% |
| 2023-12-31 | CN¥209.61 Million ≈ $30.67 Million |
-31.19% |
| 2022-12-31 | CN¥304.61 Million ≈ $44.57 Million |
+2.78% |
| 2021-12-31 | CN¥296.37 Million ≈ $43.37 Million |
+2.83% |
| 2020-12-31 | CN¥288.20 Million ≈ $42.17 Million |
-1.65% |
| 2019-12-31 | CN¥293.05 Million ≈ $42.88 Million |
-6.95% |
| 2018-12-31 | CN¥314.93 Million ≈ $46.08 Million |
+0.22% |
| 2017-12-31 | CN¥314.24 Million ≈ $45.98 Million |
+4.66% |
| 2016-12-31 | CN¥300.24 Million ≈ $43.93 Million |
+2.51% |
| 2015-12-31 | CN¥292.89 Million ≈ $42.86 Million |
+85.34% |
| 2014-12-31 | CN¥158.03 Million ≈ $23.12 Million |
+6.80% |
| 2013-12-31 | CN¥147.96 Million ≈ $21.65 Million |
+26.60% |
| 2012-12-31 | CN¥116.87 Million ≈ $17.10 Million |
+24.58% |
| 2011-12-31 | CN¥93.82 Million ≈ $13.73 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Cendes Co Ltd Class A'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 486.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥124.04 Million | 92.43% |
| Other Components | CN¥10.16 Million | 7.57% |
| Total Equity | CN¥134.20 Million | 100.00% |
Cendes Co Ltd Class A Competitors by Market Cap
The table below lists competitors of Cendes Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ORION Holdings Corp
KO:001800
|
$1.04 Billion |
|
Hana Microelectronics Public Company Limited
BK:HANA
|
$1.04 Billion |
|
Huaku Development Co Ltd
TW:2548
|
$1.04 Billion |
|
FAWER Automotive Parts Ltd Co
SHE:000030
|
$1.04 Billion |
|
Chengdu Guibao Science Tech
SHE:300019
|
$1.04 Billion |
|
Nanjing Panda Electronics Co Ltd
SHG:600775
|
$1.04 Billion |
|
Prospect Capital Corporation
NASDAQ:PSEC
|
$1.04 Billion |
|
Smarter Microelectronics (Guangzhou) Co. Ltd. A
SHG:688512
|
$1.04 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cendes Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 287,974,453 to 134,202,221, a change of -153,772,232 (-53.4%).
- Net income of 240,621,055 contributed positively to equity growth.
- Dividend payments of 136,380,420 reduced retained earnings.
- Other factors decreased equity by 258,012,867.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥240.62 Million | +179.3% |
| Dividends Paid | CN¥136.38 Million | -101.62% |
| Other Changes | CN¥-258.01 Million | -192.26% |
| Total Change | CN¥- | -53.40% |
Book Value vs Market Value Analysis
This analysis compares Cendes Co Ltd Class A'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: 53.02x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 16.28x to 53.02x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥2.22 | CN¥36.18 | x |
| 2018-12-31 | CN¥2.23 | CN¥36.18 | x |
| 2019-12-31 | CN¥2.07 | CN¥36.18 | x |
| 2020-12-31 | CN¥2.04 | CN¥36.18 | x |
| 2021-12-31 | CN¥2.10 | CN¥36.18 | x |
| 2022-12-31 | CN¥2.17 | CN¥36.18 | x |
| 2023-12-31 | CN¥1.07 | CN¥36.18 | x |
| 2024-12-31 | CN¥1.46 | CN¥36.18 | x |
| 2025-12-31 | CN¥0.68 | CN¥36.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cendes Co Ltd Class A 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): 179.30%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.52%
- • Asset Turnover: 1.48x
- • Equity Multiplier: 16.10x
- Recent ROE (179.30%) is above the historical average (18.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 9.24% | 14.45% | 0.46x | 1.39x | CN¥-2.21 Million |
| 2016 | 6.77% | 12.78% | 0.46x | 1.15x | CN¥-9.62 Million |
| 2017 | 6.56% | 13.75% | 0.39x | 1.23x | CN¥-10.81 Million |
| 2018 | 8.49% | 12.38% | 0.54x | 1.28x | CN¥-4.75 Million |
| 2019 | 7.20% | 9.87% | 0.57x | 1.27x | CN¥-8.21 Million |
| 2020 | 4.91% | 11.29% | 0.39x | 1.11x | CN¥-14.66 Million |
| 2021 | 4.31% | 11.62% | 0.34x | 1.09x | CN¥-16.86 Million |
| 2022 | 3.59% | 10.23% | 0.31x | 1.14x | CN¥-19.53 Million |
| 2023 | -43.88% | -37.22% | 0.24x | 4.87x | CN¥-112.93 Million |
| 2024 | 18.40% | 1.87% | 1.52x | 6.48x | CN¥24.19 Million |
| 2025 | 179.30% | 7.52% | 1.48x | 16.10x | CN¥227.20 Million |
Industry Comparison
This section compares Cendes Co Ltd Class A's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,684,048,967
- Average return on equity (ROE) among peers: -14.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cendes Co Ltd Class A (300492) | CN¥255.52 Million | 9.24% | 7.13x | $1.04 Billion |
| Shenzhen Ecobeauty Co Ltd (000010) | $1.18 Billion | -89.98% | 1.63x | $319.64 Million |
| Shenzhen Sed Industry Co Ltd (000032) | $9.72 Billion | 3.98% | 3.73x | $4.37 Billion |
| NORINCO International Cooperation Ltd (000065) | $119.64 Million | 7.91% | 0.42x | $2.09 Billion |
| Shenzhen Tagen Group Co Ltd (000090) | $3.16 Billion | 5.48% | 1.14x | $926.92 Million |
| Shandong Hi-Speed Road&Bridge (000498) | $400.51 Million | -44.34% | 4.27x | $1.14 Billion |
| Jinyuan Cement Co Ltd (000546) | $199.97 Million | 6.34% | 1.39x | $589.45 Million |
| Hunan Investment Group Co Ltd (000548) | $294.05 Million | -42.13% | 2.67x | $317.04 Million |
| ChengDu Hi-Tech Development Co Ltd (000628) | $198.31 Million | 4.14% | 13.41x | $2.77 Billion |
| Gansu Engineering Consulting Group Co Ltd (000779) | $-1.17 Billion | 0.00% | 0.00x | $524.43 Million |
| Hainan Expressway Co Ltd (000886) | $2.74 Billion | 1.84% | 0.19x | $614.96 Million |
About Cendes Co Ltd Class A
Huatu Cendes Co., Ltd., an architectural design company, provides professional, designing, consulting, and engineering services to state-owned enterprises, private enterprises, multinational corporations and government agencies in China. The company was formerly known as Cendes Co., Ltd. and changed its name to Huatu Cendes Co., Ltd. in January 2020. Huatu Cendes Co., Ltd. was founded in 1999 and… Read more