Sichuan Road & Bridge Group Co Ltd

SHG:600039 China Engineering & Construction
Market Cap
$11.79 Billion
CN¥86.52 Billion CNY
Market Cap Rank
#4328 Global
#427 in China
Share Price
CN¥9.95
Change (1 day)
+0.81%
52-Week Range
CN¥7.94 - CN¥10.58
All Time High
CN¥11.86
Categories
Companies in China Engineering & Construction
About

Sichuan Road & Bridge Group Co.,Ltd engages in the investment, development, construction, and operation of engineering construction, clean energy, and mining and new materials in China and internationally. The company is involved in the bridge engineering, highway engineering, tunnel engineering, railway engineering, municipal affairs, housing construction, and urban development, port and shippin… Read more

Sichuan Road & Bridge Group Co Ltd (600039) - Net Assets

Latest net assets as of September 2025: CN¥52.60 Billion CNY

Based on the latest financial reports, Sichuan Road & Bridge Group Co Ltd (600039) has net assets worth CN¥52.60 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¥254.94 Billion) and total liabilities (CN¥202.34 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¥52.60 Billion
% of Total Assets 20.63%
Annual Growth Rate 23.55%
5-Year Change 104.57%
10-Year Change 438.51%
Growth Volatility 55.57

Sichuan Road & Bridge Group Co Ltd - Net Assets Trend (2000–2024)

This chart illustrates how Sichuan Road & Bridge Group 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 Sichuan Road & Bridge Group Co Ltd (2000–2024)

The table below shows the annual net assets of Sichuan Road & Bridge Group Co Ltd from 2000 to 2024.

Year Net Assets Change
2024-12-31 CN¥50.66 Billion -0.18%
2023-12-31 CN¥50.75 Billion +10.32%
2022-12-31 CN¥46.00 Billion +50.66%
2021-12-31 CN¥30.53 Billion +23.29%
2020-12-31 CN¥24.76 Billion +43.60%
2019-12-31 CN¥17.25 Billion +11.38%
2018-12-31 CN¥15.48 Billion +7.51%
2017-12-31 CN¥14.40 Billion +35.43%
2016-12-31 CN¥10.63 Billion +13.04%
2015-12-31 CN¥9.41 Billion +13.26%
2014-12-31 CN¥8.31 Billion +14.48%
2013-12-31 CN¥7.26 Billion +57.21%
2012-12-31 CN¥4.61 Billion +199.10%
2011-12-31 CN¥1.54 Billion +16.63%
2010-12-31 CN¥1.32 Billion -4.63%
2009-12-31 CN¥1.39 Billion +13.95%
2008-12-31 CN¥1.22 Billion -9.49%
2007-12-31 CN¥1.34 Billion +33.62%
2006-12-31 CN¥1.01 Billion -8.76%
2005-12-31 CN¥1.10 Billion +8.62%
2004-12-31 CN¥1.02 Billion -6.47%
2003-12-31 CN¥1.09 Billion +209.74%
2002-12-31 CN¥350.57 Million -18.24%
2001-12-31 CN¥428.76 Million +35.42%
2000-12-31 CN¥316.61 Million --

Equity Component Analysis

This analysis shows how different components contribute to Sichuan Road & Bridge 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 46406.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥29.67 Billion 62.02%
Common Stock CN¥8.71 Billion 18.21%
Other Components CN¥9.45 Billion 19.76%
Total Equity CN¥47.84 Billion 100.00%

Sichuan Road & Bridge Group Co Ltd Competitors by Market Cap

The table below lists competitors of Sichuan Road & Bridge Group Co Ltd ranked by their market capitalization.

Company Market Cap
Inficon Holding
SW:IFCN
 		$2.55 Billion
Shanghai Electric Group Company Limited
PINK:SIELF
 		$2.56 Billion
P8S0
F:P8S0
 		$2.56 Billion
Merdeka Copper Gold PT
JK:MDKA
 		$2.56 Billion
Interpump Group S.p.A.
LSE:0EWD
 		$2.55 Billion
China Southern Airlines Company Limited
PINK:CHKIF
 		$2.55 Billion
Youngor Group Co Ltd
SHG:600177
 		$2.55 Billion
Reece Limited
OTCGREY:REECF
 		$2.55 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Sichuan Road & Bridge Group Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 45,126,567,230 to 47,836,602,000, a change of 2,710,034,770 (6.0%).
  • Net income of 7,209,867,000 contributed positively to equity growth.
  • Dividend payments of 6,101,730,000 reduced retained earnings.
  • Share repurchases of 5,964,000 reduced equity.
  • Other factors increased equity by 1,607,861,770.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥7.21 Billion +15.07%
Dividends Paid CN¥6.10 Billion -12.76%
Share Repurchases CN¥5.96 Million -0.01%
Other Changes CN¥1.61 Billion +3.36%
Total Change CN¥- 6.01%

Book Value vs Market Value Analysis

This analysis compares Sichuan Road & Bridge 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: 1.79x
  • 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 33.95x to 1.79x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2000-12-31 CN¥0.29 CN¥9.95 x
2001-12-31 CN¥0.36 CN¥9.95 x
2002-12-31 CN¥0.27 CN¥9.95 x
2003-12-31 CN¥0.94 CN¥9.95 x
2004-12-31 CN¥0.85 CN¥9.95 x
2005-12-31 CN¥0.86 CN¥9.95 x
2006-12-31 CN¥0.47 CN¥9.95 x
2007-12-31 CN¥0.65 CN¥9.95 x
2008-12-31 CN¥0.52 CN¥9.95 x
2009-12-31 CN¥0.62 CN¥9.95 x
2010-12-31 CN¥0.61 CN¥9.95 x
2011-12-31 CN¥0.38 CN¥9.95 x
2012-12-31 CN¥1.31 CN¥9.95 x
2013-12-31 CN¥2.22 CN¥9.95 x
2014-12-31 CN¥1.77 CN¥9.95 x
2015-12-31 CN¥2.04 CN¥9.95 x
2016-12-31 CN¥2.28 CN¥9.95 x
2017-12-31 CN¥2.91 CN¥9.95 x
2018-12-31 CN¥2.73 CN¥9.95 x
2019-12-31 CN¥3.09 CN¥9.95 x
2020-12-31 CN¥4.19 CN¥9.95 x
2021-12-31 CN¥5.69 CN¥9.95 x
2022-12-31 CN¥4.85 CN¥9.95 x
2023-12-31 CN¥5.21 CN¥9.95 x
2024-12-31 CN¥5.55 CN¥9.95 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Sichuan Road & Bridge 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): 15.07%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 6.72%
  • • Asset Turnover: 0.45x
  • • Equity Multiplier: 5.01x
  • Recent ROE (15.07%) is above the historical average (11.43%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 28.05% 3.93% 2.38x 3.00x CN¥56.61 Million
2001 18.21% 3.67% 1.50x 3.30x CN¥31.49 Million
2002 23.57% 2.47% 1.66x 5.73x CN¥39.40 Million
2003 4.61% 2.14% 0.81x 2.65x CN¥-54.03 Million
2004 -9.30% -4.23% 0.62x 3.52x CN¥-174.73 Million
2005 0.37% 0.16% 0.65x 3.59x CN¥-88.54 Million
2006 1.57% 0.48% 0.70x 4.68x CN¥-60.37 Million
2007 2.04% 1.19% 0.37x 4.57x CN¥-78.95 Million
2008 1.69% 0.64% 0.41x 6.34x CN¥-69.22 Million
2009 2.76% 0.83% 0.49x 6.80x CN¥-68.99 Million
2010 10.70% 2.24% 0.62x 7.76x CN¥6.53 Million
2011 13.77% 0.79% 2.27x 7.67x CN¥41.91 Million
2012 17.57% 2.71% 0.73x 8.94x CN¥290.89 Million
2013 7.89% 2.02% 0.57x 6.81x CN¥-137.51 Million
2014 11.97% 3.31% 0.52x 6.99x CN¥146.76 Million
2015 12.26% 3.27% 0.59x 6.38x CN¥195.05 Million
2016 10.83% 3.47% 0.47x 6.58x CN¥80.09 Million
2017 8.13% 3.25% 0.45x 5.58x CN¥-245.44 Million
2018 8.37% 2.93% 0.46x 6.15x CN¥-228.03 Million
2019 10.91% 3.23% 0.54x 6.26x CN¥142.18 Million
2020 13.31% 4.66% 0.57x 5.01x CN¥748.99 Million
2021 24.69% 6.54% 0.75x 5.05x CN¥3.99 Billion
2022 26.83% 8.30% 0.65x 4.98x CN¥7.03 Billion
2023 19.95% 7.83% 0.48x 5.34x CN¥4.49 Billion
2024 15.07% 6.72% 0.45x 5.01x CN¥2.43 Billion

Industry Comparison

This section compares Sichuan Road & Bridge Group Co Ltd's net assets metrics with peer companies in the Engineering & Construction industry.

Industry Context

  • Industry: Engineering & Construction
  • Average net assets among peers: $2,293,171,469
  • Average return on equity (ROE) among peers: -19.57%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Sichuan Road & Bridge Group Co Ltd (600039) CN¥52.60 Billion 28.05% 3.85x $2.55 Billion
Shenzhen Ecobeauty Co Ltd (000010) $2.21 Billion 1.80% 1.20x $542.14 Million
Shenzhen Sed Industry Co Ltd (000032) $273.69 Million 5.51% 1.09x $1.18 Billion
NORINCO International Cooperation Ltd (000065) $10.22 Billion 10.27% 1.39x $959.60 Million
Shenzhen Tagen Group Co Ltd (000090) $1.08 Billion 6.39% 1.55x $602.43 Million
Shandong Hi-Speed Road&Bridge (000498) $433.84 Million -22.79% 2.88x $597.20 Million
Jinyuan Cement Co Ltd (000546) $4.61 Billion 0.86% 0.22x $312.99 Million
Hunan Investment Group Co Ltd (000548) $1.41 Billion 7.29% 0.50x $259.03 Million
ChengDu Hi-Tech Development Co Ltd (000628) $134.20 Million -202.04% 12.95x $1.18 Billion
Gansu Engineering Consulting Group Co Ltd (000779) $307.94 Million -4.18% 0.33x $300.46 Million
Hainan Expressway Co Ltd (000886) $2.26 Billion 1.18% 0.16x $593.20 Million