Fujian Expressway Development Co Ltd Net Assets
Fujian Expressway Development Co Ltd net assets. Based on the latest financial reports, Fujian Expressway Development Co Ltd (600033) has net assets worth CN¥15.13 Billion CNY (≈ $2.21 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¥17.59 Billion ≈ $2.57 Billion USD) and total liabilities (CN¥2.47 Billion ≈ $360.76 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. Also explore 600033 net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥15.13 Billion |
| % of Total Assets | 85.99% |
| Annual Growth Rate | 11.55% |
| 5-Year Change | 15.81% |
| 10-Year Change | 44.23% |
| Growth Volatility | 56.62 |
Net Assets of Fujian Expressway Development Co Ltd (1997–2024)
Net assets of Fujian Expressway Development Co Ltd from 1997 to 2024. This chart illustrates how Fujian Expressway Development Co Ltd's net assets have evolved over time, based on quarterly financial data. See Fujian Expressway Development Co Ltd net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Fujian Expressway Development Co Ltd (1997–2024)
The table below shows the annual net assets of Fujian Expressway Development Co Ltd from 1997 to 2024. For live market cap and overall valuation, see Fujian Expressway Development Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥14.16 Billion ≈ $2.07 Billion |
+4.23% |
| 2023-12-31 | CN¥13.58 Billion ≈ $1.99 Billion |
+3.09% |
| 2022-12-31 | CN¥13.18 Billion ≈ $1.93 Billion |
+2.42% |
| 2021-12-31 | CN¥12.86 Billion ≈ $1.88 Billion |
+5.23% |
| 2020-12-31 | CN¥12.23 Billion ≈ $1.79 Billion |
+4.18% |
| 2019-12-31 | CN¥11.73 Billion ≈ $1.72 Billion |
+6.07% |
| 2018-12-31 | CN¥11.06 Billion ≈ $1.62 Billion |
+4.88% |
| 2017-12-31 | CN¥10.55 Billion ≈ $1.54 Billion |
+3.34% |
| 2016-12-31 | CN¥10.21 Billion ≈ $1.49 Billion |
+3.98% |
| 2015-12-31 | CN¥9.82 Billion ≈ $1.44 Billion |
+2.84% |
| 2014-12-31 | CN¥9.54 Billion ≈ $1.40 Billion |
+4.02% |
| 2013-12-31 | CN¥9.18 Billion ≈ $1.34 Billion |
+3.37% |
| 2012-12-31 | CN¥8.88 Billion ≈ $1.30 Billion |
+2.78% |
| 2011-12-31 | CN¥8.64 Billion ≈ $1.26 Billion |
+2.00% |
| 2010-12-31 | CN¥8.47 Billion ≈ $1.24 Billion |
+6.71% |
| 2009-12-31 | CN¥7.93 Billion ≈ $1.16 Billion |
+56.36% |
| 2008-12-31 | CN¥5.07 Billion ≈ $742.58 Million |
+12.87% |
| 2007-12-31 | CN¥4.50 Billion ≈ $657.93 Million |
+5.93% |
| 2006-12-31 | CN¥4.24 Billion ≈ $621.12 Million |
+3.95% |
| 2005-12-31 | CN¥4.08 Billion ≈ $597.53 Million |
-3.32% |
| 2004-12-31 | CN¥4.22 Billion ≈ $618.07 Million |
+7.68% |
| 2003-12-31 | CN¥3.92 Billion ≈ $573.96 Million |
+0.83% |
| 2002-12-31 | CN¥3.89 Billion ≈ $569.24 Million |
+6.49% |
| 2001-12-31 | CN¥3.65 Billion ≈ $534.53 Million |
+301.27% |
| 2000-12-31 | CN¥910.33 Million ≈ $133.21 Million |
+17.44% |
| 1999-12-31 | CN¥775.15 Million ≈ $113.43 Million |
-0.28% |
| 1998-12-31 | CN¥777.32 Million ≈ $113.75 Million |
+4.97% |
| 1997-12-31 | CN¥740.49 Million ≈ $108.36 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Fujian Expressway Development 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 583702755000.0% over the analyzed period, indicating profitable operations and earnings retention.
Fujian Expressway Development Co Ltd Net Assets Breakdown (December 2024)
Fujian Expressway Development Co Ltd net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.84 Billion | 50.10% |
| Common Stock | CN¥2.74 Billion | 23.55% |
| Other Components | CN¥3.07 Billion | 26.35% |
| Total Equity | CN¥11.65 Billion | 100.00% |
Fujian Expressway Development Co Ltd Competitors by Market Cap
The table below lists competitors of Fujian Expressway Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shandong Yulong Gold Co Ltd
SHG:601028
|
$1.47 Billion |
|
C&S Paper Co Ltd
SHE:002511
|
$1.47 Billion |
|
RLX Technology Inc
NYSE:RLX
|
$1.47 Billion |
|
Herbalife Nutrition Ltd
F:HOO
|
$1.47 Billion |
|
Hangzhou Kelin Electric Co. Ltd. A
SHG:688611
|
$1.47 Billion |
|
Suzhou Hesheng Special Material Co Ltd
SHE:002290
|
$1.47 Billion |
|
Kohl's Corporation
NYSE:KSS
|
$1.47 Billion |
|
Taiwan Secom Co Ltd
TW:9917
|
$1.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fujian Expressway Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,133,731,409 to 11,651,861,644, a change of 518,130,235 (4.7%).
- Net income of 780,773,087 contributed positively to equity growth.
- Dividend payments of 498,748,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,136,938,560.
- Other factors increased equity by 1,373,043,708.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥780.77 Million | +6.7% |
| Dividends Paid | CN¥498.75 Million | -4.28% |
| Other Comprehensive Income | CN¥-1.14 Billion | -9.76% |
| Other Changes | CN¥1.37 Billion | +11.78% |
| Total Change | CN¥- | 4.65% |
Book Value vs Market Value Analysis
This analysis compares Fujian Expressway Development 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: 0.86x
- 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 10.85x to 0.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | CN¥0.34 | CN¥3.66 | x |
| 1998-12-31 | CN¥0.35 | CN¥3.66 | x |
| 1999-12-31 | CN¥0.35 | CN¥3.66 | x |
| 2000-12-31 | CN¥0.41 | CN¥3.66 | x |
| 2001-12-31 | CN¥1.07 | CN¥3.66 | x |
| 2002-12-31 | CN¥1.17 | CN¥3.66 | x |
| 2003-12-31 | CN¥1.31 | CN¥3.66 | x |
| 2004-12-31 | CN¥1.44 | CN¥3.66 | x |
| 2005-12-31 | CN¥1.47 | CN¥3.66 | x |
| 2006-12-31 | CN¥1.53 | CN¥3.66 | x |
| 2007-12-31 | CN¥1.62 | CN¥3.66 | x |
| 2008-12-31 | CN¥1.78 | CN¥3.66 | x |
| 2009-12-31 | CN¥2.78 | CN¥3.66 | x |
| 2010-12-31 | CN¥2.48 | CN¥3.66 | x |
| 2011-12-31 | CN¥2.56 | CN¥3.66 | x |
| 2012-12-31 | CN¥2.62 | CN¥3.66 | x |
| 2013-12-31 | CN¥2.71 | CN¥3.66 | x |
| 2014-12-31 | CN¥2.83 | CN¥3.66 | x |
| 2015-12-31 | CN¥2.93 | CN¥3.66 | x |
| 2016-12-31 | CN¥3.08 | CN¥3.66 | x |
| 2017-12-31 | CN¥3.17 | CN¥3.66 | x |
| 2018-12-31 | CN¥3.31 | CN¥3.66 | x |
| 2019-12-31 | CN¥3.47 | CN¥3.66 | x |
| 2020-12-31 | CN¥3.60 | CN¥3.66 | x |
| 2021-12-31 | CN¥3.82 | CN¥3.66 | x |
| 2022-12-31 | CN¥3.93 | CN¥3.66 | x |
| 2023-12-31 | CN¥4.06 | CN¥3.66 | x |
| 2024-12-31 | CN¥4.25 | CN¥3.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fujian Expressway Development 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): 6.70%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.80%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.48x
- Recent ROE (6.70%) is below the historical average (9.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 0.04% | 9.90% | 0.00x | 2.55x | CN¥-73.78 Million |
| 1998 | 4.74% | 25.20% | 0.07x | 2.69x | CN¥-40.91 Million |
| 1999 | 7.33% | 29.95% | 0.09x | 2.78x | CN¥-20.70 Million |
| 2000 | 14.73% | 66.58% | 0.09x | 2.46x | CN¥43.10 Million |
| 2001 | 9.38% | 72.54% | 0.05x | 2.52x | CN¥-14.47 Million |
| 2002 | 10.11% | 37.02% | 0.13x | 2.16x | CN¥2.82 Million |
| 2003 | 10.65% | 34.77% | 0.16x | 1.96x | CN¥18.59 Million |
| 2004 | 12.53% | 34.60% | 0.20x | 1.77x | CN¥79.78 Million |
| 2005 | 12.93% | 32.90% | 0.23x | 1.71x | CN¥94.57 Million |
| 2006 | 14.36% | 33.78% | 0.26x | 1.63x | CN¥146.54 Million |
| 2007 | 17.40% | 35.22% | 0.28x | 1.75x | CN¥266.16 Million |
| 2008 | 19.88% | 36.10% | 0.23x | 2.40x | CN¥387.96 Million |
| 2009 | 10.06% | 32.92% | 0.17x | 1.83x | CN¥3.86 Million |
| 2010 | 7.65% | 27.32% | 0.11x | 2.53x | CN¥-162.18 Million |
| 2011 | 6.25% | 19.60% | 0.11x | 2.82x | CN¥-263.20 Million |
| 2012 | 5.72% | 16.93% | 0.12x | 2.75x | CN¥-307.04 Million |
| 2013 | 7.30% | 20.72% | 0.14x | 2.57x | CN¥-200.87 Million |
| 2014 | 7.73% | 22.79% | 0.14x | 2.40x | CN¥-176.57 Million |
| 2015 | 6.84% | 21.37% | 0.14x | 2.28x | CN¥-254.17 Million |
| 2016 | 7.95% | 26.55% | 0.14x | 2.13x | CN¥-173.48 Million |
| 2017 | 7.55% | 26.52% | 0.14x | 2.03x | CN¥-212.92 Million |
| 2018 | 8.07% | 27.55% | 0.15x | 1.90x | CN¥-175.74 Million |
| 2019 | 8.70% | 28.50% | 0.17x | 1.81x | CN¥-123.50 Million |
| 2020 | 4.58% | 19.44% | 0.14x | 1.64x | CN¥-535.35 Million |
| 2021 | 7.92% | 27.85% | 0.18x | 1.59x | CN¥-217.92 Million |
| 2022 | 7.79% | 31.46% | 0.16x | 1.54x | CN¥-238.21 Million |
| 2023 | 8.10% | 29.59% | 0.18x | 1.50x | CN¥-211.12 Million |
| 2024 | 6.70% | 25.80% | 0.18x | 1.48x | CN¥-384.41 Million |
Industry Comparison
This section compares Fujian Expressway Development Co Ltd's net assets metrics with peer companies in the Infrastructure Operations industry.
Industry Context
- Industry: Infrastructure Operations
- Average net assets among peers: $12,748,917,750
- Average return on equity (ROE) among peers: 9.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fujian Expressway Development Co Ltd (600033) | CN¥15.13 Billion | 0.04% | 0.16x | $1.47 Billion |
| Guangdong Provincial Expressway Development Co Ltd (000429) | $4.25 Billion | 7.65% | 0.60x | $3.50 Billion |
| Shanxi Sanwei Group Co Ltd (000755) | $2.21 Billion | 14.94% | 0.90x | $1.05 Billion |
| Dongguan Development Holdings Co Ltd (000828) | $2.88 Billion | 5.53% | 0.57x | $1.53 Billion |
| Xiandai Investment Co Ltd (000900) | $2.57 Billion | 2.12% | 0.76x | $801.80 Million |
| Merchant Express Class A (001965) | $88.78 Billion | 5.99% | 0.79x | $10.31 Billion |
| Shandong Sunway Petrochemical Engineering Co Ltd (002469) | $2.39 Billion | 15.60% | 0.26x | $547.86 Million |
| Xinjiang Communications Construction Group Co Ltd Class A (002941) | $232.30 Million | 17.55% | 4.83x | $1.19 Billion |
| Guangdong Provincial Expressway Development Co Ltd (200429) | $1.74 Billion | 9.99% | 0.10x | $417.59 Million |
| Anhui Expressway Co Ltd (600012) | $10.03 Billion | 10.88% | 0.41x | $3.01 Billion |
| Henan Zhongyuan Expressway Co Ltd (600020) | $12.40 Billion | 5.99% | 2.78x | $1.40 Billion |
About Fujian Expressway Development Co Ltd
Fujian Expressway Development Co.,Ltd, together with its subsidiaries, engages in the investment, construction, toll collection, operation and management, and maintenance of expressways in China. The company operates the Fuquan, Ronin, Punan, and Quanxia expressways. It also provides vehicle rescue services. The company was founded in 1999 and is headquartered in Fuzhou, China.