Shanghai Construction Group Co Ltd (600170) - Net Assets

Latest as of September 2025: CN¥33.24 Billion CNY ≈ $4.86 Billion USD

Based on the latest financial reports, Shanghai Construction Group Co Ltd (600170) has net assets worth CN¥33.24 Billion CNY (≈ $4.86 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¥360.39 Billion ≈ $52.74 Billion USD) and total liabilities (CN¥327.15 Billion ≈ $47.87 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. Check 600170 asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥33.24 Billion
% of Total Assets	9.22%
Annual Growth Rate	18.49%
5-Year Change	18.19%
10-Year Change	117.97%
Growth Volatility	50.49

Shanghai Construction Group Co Ltd - Net Assets Trend (1995–2024)

This chart illustrates how Shanghai Construction Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 600170 current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for Shanghai Construction Group Co Ltd (1995–2024)

The table below shows the annual net assets of Shanghai Construction Group Co Ltd from 1995 to 2024. For live valuation and market cap data, see Shanghai Construction Group Co Ltd (600170) market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥51.88 Billion ≈ $7.59 Billion	+1.31%
2023-12-31	CN¥51.21 Billion ≈ $7.49 Billion	+0.25%
2022-12-31	CN¥51.08 Billion ≈ $7.47 Billion	-0.94%
2021-12-31	CN¥51.57 Billion ≈ $7.55 Billion	+17.47%
2020-12-31	CN¥43.90 Billion ≈ $6.42 Billion	+21.36%
2019-12-31	CN¥36.17 Billion ≈ $5.29 Billion	+2.46%
2018-12-31	CN¥35.31 Billion ≈ $5.17 Billion	+16.31%
2017-12-31	CN¥30.36 Billion ≈ $4.44 Billion	+17.83%
2016-12-31	CN¥25.76 Billion ≈ $3.77 Billion	+8.23%
2015-12-31	CN¥23.80 Billion ≈ $3.48 Billion	+24.16%
2014-12-31	CN¥19.17 Billion ≈ $2.81 Billion	+35.23%
2013-12-31	CN¥14.18 Billion ≈ $2.07 Billion	+10.54%
2012-12-31	CN¥12.82 Billion ≈ $1.88 Billion	+12.47%
2011-12-31	CN¥11.40 Billion ≈ $1.67 Billion	+33.98%
2010-12-31	CN¥8.51 Billion ≈ $1.25 Billion	+90.20%
2009-12-31	CN¥4.47 Billion ≈ $654.72 Million	+6.61%
2008-12-31	CN¥4.20 Billion ≈ $614.10 Million	+4.26%
2007-12-31	CN¥4.03 Billion ≈ $589.00 Million	+6.25%
2006-12-31	CN¥3.79 Billion ≈ $554.36 Million	+4.13%
2005-12-31	CN¥3.64 Billion ≈ $532.38 Million	+3.09%
2004-12-31	CN¥3.53 Billion ≈ $516.42 Million	+3.36%
2003-12-31	CN¥3.41 Billion ≈ $499.61 Million	+10.36%
2002-12-31	CN¥3.09 Billion ≈ $452.72 Million	+11.60%
2001-12-31	CN¥2.77 Billion ≈ $405.67 Million	+30.50%
2000-12-31	CN¥2.12 Billion ≈ $310.85 Million	+8.26%
1999-12-31	CN¥1.96 Billion ≈ $287.15 Million	+11.46%
1998-12-31	CN¥1.76 Billion ≈ $257.62 Million	+274.86%
1997-12-31	CN¥469.65 Million ≈ $68.72 Million	+2.95%
1996-12-31	CN¥456.19 Million ≈ $66.75 Million	+20.40%
1995-12-31	CN¥378.90 Million ≈ $55.45 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shanghai 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 1707565500000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥17.08 Billion	37.07%
Common Stock	CN¥8.89 Billion	19.29%
Other Comprehensive Income	CN¥3.96 Billion	8.60%
Other Components	CN¥16.14 Billion	35.03%
Total Equity	CN¥46.06 Billion	100.00%

Shanghai Construction Group Co Ltd Competitors by Market Cap

The table below lists competitors of Shanghai Construction Group Co Ltd ranked by their market capitalization.

Company	Market Cap
HARBOUR ENE.SP.ADR LS-50 F:PQQ2	$3.52 Billion
Aspen Pharmacare Holdings Ltd JSE:APN	$3.53 Billion
GEK TERNA Holdings Real Estate Construction S.A AT:GEKTERNA	$3.53 Billion
Zhejiang Huahai Pharmaceutical Co Ltd SHG:600521	$3.53 Billion
Guangxi Guitang Group Co Ltd SHE:000833	$3.52 Billion
National Health Investors Inc NYSE:NHI	$3.52 Billion
Cholamandalam Financial Holdings Limited NSE:CHOLAHLDNG	$3.52 Billion
Sacyr SA MC:SCYR	$3.52 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 30,478,899,333 to 46,061,720,000, a change of 15,582,820,667 (51.1%).
Net income of 2,167,692,000 contributed positively to equity growth.
Dividend payments of 4,564,338,035 reduced retained earnings.
Other comprehensive income increased equity by 163,022,156.
Other factors increased equity by 17,816,444,546.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥2.17 Billion	+4.71%
Dividends Paid	CN¥4.56 Billion	-9.91%
Other Comprehensive Income	CN¥163.02 Million	+0.35%
Other Changes	CN¥17.82 Billion	+38.68%
Total Change	CN¥-	51.13%

Book Value vs Market Value Analysis

This analysis compares Shanghai 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: 0.52x
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 29.51x to 0.52x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1995-12-31	CN¥0.09	CN¥2.71	x
1996-12-31	CN¥0.11	CN¥2.71	x
1997-12-31	CN¥0.11	CN¥2.71	x
1998-12-31	CN¥0.43	CN¥2.71	x
1999-12-31	CN¥0.46	CN¥2.71	x
2000-12-31	CN¥0.50	CN¥2.71	x
2001-12-31	CN¥0.66	CN¥2.71	x
2002-12-31	CN¥0.68	CN¥2.71	x
2003-12-31	CN¥0.73	CN¥2.71	x
2004-12-31	CN¥0.76	CN¥2.71	x
2005-12-31	CN¥0.78	CN¥2.71	x
2006-12-31	CN¥0.81	CN¥2.71	x
2007-12-31	CN¥0.87	CN¥2.71	x
2008-12-31	CN¥0.91	CN¥2.71	x
2009-12-31	CN¥0.67	CN¥2.71	x
2010-12-31	CN¥1.16	CN¥2.71	x
2011-12-31	CN¥1.56	CN¥2.71	x
2012-12-31	CN¥1.78	CN¥2.71	x
2013-12-31	CN¥1.94	CN¥2.71	x
2014-12-31	CN¥2.10	CN¥2.71	x
2015-12-31	CN¥2.57	CN¥2.71	x
2016-12-31	CN¥2.64	CN¥2.71	x
2017-12-31	CN¥2.93	CN¥2.71	x
2018-12-31	CN¥3.24	CN¥2.71	x
2019-12-31	CN¥3.72	CN¥2.71	x
2020-12-31	CN¥4.13	CN¥2.71	x
2021-12-31	CN¥4.61	CN¥2.71	x
2022-12-31	CN¥4.55	CN¥2.71	x
2023-12-31	CN¥3.43	CN¥2.71	x
2024-12-31	CN¥5.18	CN¥2.71	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shanghai 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): 4.71%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.72%
• Asset Turnover: 0.78x
• Equity Multiplier: 8.40x
Recent ROE (4.71%) is below the historical average (11.94%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1995	36.54%	2.04%	4.99x	3.58x	CN¥100.55 Million
1996	32.72%	2.16%	4.80x	3.15x	CN¥103.66 Million
1997	38.69%	2.13%	5.85x	3.10x	CN¥134.76 Million
1998	12.33%	2.57%	1.92x	2.50x	CN¥40.93 Million
1999	10.66%	2.73%	1.48x	2.65x	CN¥12.69 Million
2000	10.93%	2.91%	1.52x	2.48x	CN¥19.30 Million
2001	6.82%	2.31%	1.22x	2.42x	CN¥-86.33 Million
2002	6.85%	2.13%	0.99x	3.24x	CN¥-88.88 Million
2003	6.12%	1.68%	1.17x	3.11x	CN¥-116.41 Million
2004	6.68%	1.47%	1.47x	3.10x	CN¥-103.64 Million
2005	7.16%	1.26%	1.60x	3.53x	CN¥-91.49 Million
2006	7.64%	1.26%	1.49x	4.08x	CN¥-79.30 Million
2007	8.37%	1.19%	1.62x	4.33x	CN¥-58.70 Million
2008	8.00%	0.99%	1.61x	5.03x	CN¥-75.75 Million
2009	18.17%	1.35%	2.34x	5.74x	CN¥331.01 Million
2010	11.87%	1.22%	1.53x	6.37x	CN¥144.15 Million
2011	13.03%	1.68%	1.18x	6.55x	CN¥315.75 Million
2012	13.53%	1.72%	1.13x	7.00x	CN¥417.43 Million
2013	12.51%	1.58%	1.08x	7.37x	CN¥325.74 Million
2014	9.99%	1.55%	0.99x	6.52x	CN¥-1.12 Million
2015	8.49%	1.49%	0.88x	6.45x	CN¥-333.02 Million
2016	9.08%	1.57%	0.77x	7.56x	CN¥-211.60 Million
2017	9.56%	1.82%	0.73x	7.24x	CN¥-117.83 Million
2018	8.95%	1.63%	0.79x	6.95x	CN¥-327.81 Million
2019	11.89%	1.91%	0.80x	7.78x	CN¥624.79 Million
2020	9.14%	1.45%	0.72x	8.76x	CN¥-317.20 Million
2021	9.20%	1.34%	0.79x	8.64x	CN¥-327.38 Million
2022	3.35%	0.47%	0.78x	9.07x	CN¥-2.69 Billion
2023	5.11%	0.51%	0.80x	12.54x	CN¥-1.49 Billion
2024	4.71%	0.72%	0.78x	8.40x	CN¥-2.44 Billion

Industry Comparison

This section compares Shanghai Construction 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: $2,588,097,512
Average return on equity (ROE) among peers: 3.70%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shanghai Construction Group Co Ltd (600170)	CN¥33.24 Billion	36.54%	9.84x	$3.52 Billion
Shenzhen Ecobeauty Co Ltd (000010)	$896.43 Million	-59.77%	3.04x	$462.63 Million
Shenzhen Sed Industry Co Ltd (000032)	$556.87 Million	7.75%	0.93x	$3.17 Billion
NORINCO International Cooperation Ltd (000065)	$10.22 Billion	10.27%	1.39x	$2.25 Billion
Shenzhen Tagen Group Co Ltd (000090)	$931.40 Million	11.18%	1.70x	$967.93 Million
Shandong Hi-Speed Road&Bridge (000498)	$162.51 Million	34.37%	2.09x	$1.26 Billion
Jinyuan Cement Co Ltd (000546)	$4.61 Billion	0.86%	0.22x	$889.87 Million
Hunan Investment Group Co Ltd (000548)	$1.17 Billion	6.98%	0.37x	$387.17 Million
ChengDu Hi-Tech Development Co Ltd (000628)	$2.16 Billion	2.85%	5.83x	$3.41 Billion
Gansu Engineering Consulting Group Co Ltd (000779)	$2.16 Billion	14.25%	0.81x	$609.45 Million
Hainan Expressway Co Ltd (000886)	$3.03 Billion	8.26%	0.11x	$790.04 Million

About Shanghai Construction Group Co Ltd

SHG:600170 China Engineering & Construction

Market Cap

$3.52 Billion

CN¥24.08 Billion CNY

Market Cap Rank

#4513 Global

#818 in China

Share Price

CN¥2.71

Change (1 day)

+0.37%

52-Week Range

CN¥2.36 - CN¥3.88

All Time High

CN¥4.58