Anhui Expressway Co Ltd

SHG:600012 China Infrastructure Operations
Market Cap
$2.40 Billion
CN¥17.64 Billion CNY
Market Cap Rank
#6310 Global
#960 in China
Share Price
CN¥15.13
Change (1 day)
+1.20%
52-Week Range
CN¥12.89 - CN¥18.47
All Time High
CN¥18.47
Categories
Companies in China Infrastructure Operations
About

Anhui Expressway Company Limited engages in the construction, operation, management, and development of the toll roads and associated service sections in the People's Republic of China. It owns interests in the Hening Expressway, New Tianchang Section of National Trunk 205, Gaojie Expressway, Xuanguang Expressway, Ninghuai Expressway Tianchang Section, Lianhuo Highway Anhui Section, Guangci Expre… Read more

Anhui Expressway Co Ltd (600012) - Net Assets

Latest net assets as of September 2025: CN¥13.88 Billion CNY

Based on the latest financial reports, Anhui Expressway Co Ltd (600012) has net assets worth CN¥13.88 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¥29.06 Billion) and total liabilities (CN¥15.18 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¥13.88 Billion
% of Total Assets 47.78%
Annual Growth Rate 7.21%
5-Year Change 24.73%
10-Year Change 66.85%
Growth Volatility 4.56

Anhui Expressway Co Ltd - Net Assets Trend (1999–2024)

This chart illustrates how Anhui Expressway 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 Anhui Expressway Co Ltd (1999–2024)

The table below shows the annual net assets of Anhui Expressway Co Ltd from 1999 to 2024.

Year Net Assets Change
2024-12-31 CN¥14.86 Billion +5.29%
2023-12-31 CN¥14.11 Billion +4.52%
2022-12-31 CN¥13.50 Billion +13.06%
2021-12-31 CN¥11.95 Billion +0.25%
2020-12-31 CN¥11.91 Billion +2.98%
2019-12-31 CN¥11.57 Billion +9.34%
2018-12-31 CN¥10.58 Billion +5.49%
2017-12-31 CN¥10.03 Billion +6.47%
2016-12-31 CN¥9.42 Billion +5.76%
2015-12-31 CN¥8.91 Billion +5.41%
2014-12-31 CN¥8.45 Billion +7.04%
2013-12-31 CN¥7.89 Billion +7.83%
2012-12-31 CN¥7.32 Billion +11.58%
2011-12-31 CN¥6.56 Billion +8.86%
2010-12-31 CN¥6.03 Billion +8.96%
2009-12-31 CN¥5.53 Billion +5.99%
2008-12-31 CN¥5.22 Billion +7.73%
2007-12-31 CN¥4.84 Billion -2.85%
2006-12-31 CN¥4.99 Billion +3.10%
2005-12-31 CN¥4.84 Billion +11.34%
2004-12-31 CN¥4.34 Billion +7.35%
2003-12-31 CN¥4.05 Billion +8.07%
2002-12-31 CN¥3.74 Billion +21.73%
2001-12-31 CN¥3.08 Billion +5.66%
2000-12-31 CN¥2.91 Billion +11.63%
1999-12-31 CN¥2.61 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Anhui Expressway 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 5917.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥11.20 Billion 83.99%
Common Stock CN¥1.66 Billion 12.44%
Other Comprehensive Income CN¥475.83 Million 3.57%
Other Components CN¥1.00 0.00%
Total Equity CN¥13.34 Billion 100.00%

Anhui Expressway Co Ltd Competitors by Market Cap

The table below lists competitors of Anhui Expressway Co Ltd ranked by their market capitalization.

Company Market Cap
Hope Bancorp Inc
NASDAQ:HOPE
 		$1.30 Billion
Apeloa Pharmaceutical Co Ltd
SHE:000739
 		$1.31 Billion
Dalian Zeus Entertainment
SHE:002354
 		$1.31 Billion
Embracer Group AB
PINK:THQQF
 		$1.31 Billion
Coca-Cola Bottlers Japan Holdings Inc
OTCGREY:CCOJF
 		$1.30 Billion
Nationwide Building Society
LSE:NBS
 		$1.30 Billion
The Gunma Bank Ltd
OTCGREY:GMBKF
 		$1.30 Billion
Kaynes Technology India Limited
NSE:KAYNES
 		$1.30 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 12,656,911,593 to 13,335,168,274, a change of 678,256,681 (5.4%).
  • Net income of 1,668,981,123 contributed positively to equity growth.
  • Dividend payments of 1,215,833,752 reduced retained earnings.
  • Other comprehensive income increased equity by 6,100,164.
  • Other factors increased equity by 219,009,146.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.67 Billion +12.52%
Dividends Paid CN¥1.22 Billion -9.12%
Other Comprehensive Income CN¥6.10 Million +0.05%
Other Changes CN¥219.01 Million +1.64%
Total Change CN¥- 5.36%

Book Value vs Market Value Analysis

This analysis compares Anhui Expressway 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: 1.88x
  • 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 9.75x to 1.88x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1999-12-31 CN¥1.55 CN¥15.13 x
2000-12-31 CN¥1.64 CN¥15.13 x
2001-12-31 CN¥1.74 CN¥15.13 x
2002-12-31 CN¥2.14 CN¥15.13 x
2003-12-31 CN¥2.32 CN¥15.13 x
2004-12-31 CN¥2.50 CN¥15.13 x
2005-12-31 CN¥2.80 CN¥15.13 x
2006-12-31 CN¥2.97 CN¥15.13 x
2007-12-31 CN¥2.79 CN¥15.13 x
2008-12-31 CN¥3.01 CN¥15.13 x
2009-12-31 CN¥3.19 CN¥15.13 x
2010-12-31 CN¥3.47 CN¥15.13 x
2011-12-31 CN¥3.78 CN¥15.13 x
2012-12-31 CN¥3.95 CN¥15.13 x
2013-12-31 CN¥4.26 CN¥15.13 x
2014-12-31 CN¥4.58 CN¥15.13 x
2015-12-31 CN¥4.89 CN¥15.13 x
2016-12-31 CN¥5.23 CN¥15.13 x
2017-12-31 CN¥5.65 CN¥15.13 x
2018-12-31 CN¥6.07 CN¥15.13 x
2019-12-31 CN¥6.47 CN¥15.13 x
2020-12-31 CN¥6.80 CN¥15.13 x
2021-12-31 CN¥6.87 CN¥15.13 x
2022-12-31 CN¥7.19 CN¥15.13 x
2023-12-31 CN¥7.63 CN¥15.13 x
2024-12-31 CN¥8.04 CN¥15.13 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Anhui Expressway 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): 12.52%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 23.53%
  • • Asset Turnover: 0.29x
  • • Equity Multiplier: 1.83x
  • Recent ROE (12.52%) is above the historical average (11.28%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1999 5.62% 41.33% 0.11x 1.19x CN¥-112.76 Million
2000 6.60% 43.96% 0.10x 1.58x CN¥-92.64 Million
2001 8.59% 40.58% 0.14x 1.51x CN¥-40.58 Million
2002 7.27% 34.38% 0.15x 1.43x CN¥-96.83 Million
2003 7.38% 31.59% 0.14x 1.62x CN¥-100.52 Million
2004 9.76% 33.68% 0.18x 1.58x CN¥-9.87 Million
2005 14.22% 42.86% 0.22x 1.50x CN¥195.63 Million
2006 18.93% 58.04% 0.22x 1.47x CN¥439.34 Million
2007 11.74% 21.90% 0.34x 1.60x CN¥80.70 Million
2008 13.84% 23.34% 0.35x 1.72x CN¥192.00 Million
2009 12.72% 38.01% 0.19x 1.81x CN¥144.00 Million
2010 13.60% 37.11% 0.22x 1.63x CN¥207.25 Million
2011 13.86% 39.18% 0.22x 1.61x CN¥241.65 Million
2012 11.63% 34.24% 0.20x 1.73x CN¥106.67 Million
2013 12.01% 36.39% 0.19x 1.73x CN¥141.96 Million
2014 11.32% 36.80% 0.20x 1.52x CN¥100.67 Million
2015 11.55% 38.64% 0.20x 1.50x CN¥126.21 Million
2016 10.75% 37.34% 0.19x 1.51x CN¥65.36 Million
2017 11.64% 38.14% 0.20x 1.51x CN¥153.43 Million
2018 11.15% 37.85% 0.20x 1.47x CN¥116.04 Million
2019 10.22% 37.25% 0.19x 1.48x CN¥23.76 Million
2020 7.71% 29.63% 0.18x 1.44x CN¥-258.42 Million
2021 13.29% 38.62% 0.20x 1.75x CN¥375.26 Million
2022 12.12% 27.75% 0.24x 1.79x CN¥252.54 Million
2023 13.11% 25.03% 0.31x 1.72x CN¥394.24 Million
2024 12.52% 23.53% 0.29x 1.83x CN¥335.46 Million

Industry Comparison

This section compares Anhui Expressway Co Ltd's net assets metrics with peer companies in the Infrastructure Operations industry.

Industry Context

  • Industry: Infrastructure Operations
  • Average net assets among peers: $11,003,388,869
  • Average return on equity (ROE) among peers: -2.87%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Anhui Expressway Co Ltd (600012) CN¥13.88 Billion 5.62% 1.09x $1.30 Billion
Guangdong Provincial Expressway Development Co Ltd (000429) $13.20 Billion 11.84% 0.70x $1.70 Billion
Shanxi Sanwei Group Co Ltd (000755) $539.19 Million 10.13% 0.48x $238.99 Million
Dongguan Development Holdings Co Ltd (000828) $2.49 Billion 8.72% 0.15x $467.27 Million
City Development Environment Co Ltd (000885) $97.48 Million -85.52% 2.00x $431.18 Million
Xiandai Investment Co Ltd (000900) $2.36 Billion 6.32% 1.08x $469.11 Million
Merchant Express Class A (001965) $67.67 Billion 7.18% 0.70x $2.90 Billion
Shandong Sunway Petrochemical Engineering Co Ltd (002469) $1.29 Billion 4.44% 0.30x $616.07 Million
Xinjiang Communications Construction Group Co Ltd Class A (002941) $5.02 Billion 6.37% 2.96x $825.97 Million
Henan Zhongyuan Expressway Co Ltd (600020) $6.36 Billion 4.68% 3.77x $484.63 Million