Jiangxi Ganyue Expressway Co Ltd Net Assets
Jiangxi Ganyue Expressway Co Ltd net assets. Based on the latest financial reports, Jiangxi Ganyue Expressway Co Ltd (600269) has net assets worth CN¥21.80 Billion CNY (≈ $3.19 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¥38.30 Billion ≈ $5.60 Billion USD) and total liabilities (CN¥16.49 Billion ≈ $2.41 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. Also explore how fast is Jiangxi Ganyue Expressway Co Ltd growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥21.80 Billion |
| % of Total Assets | 56.94% |
| Annual Growth Rate | 12.21% |
| 5-Year Change | 15.89% |
| 10-Year Change | 42.66% |
| Growth Volatility | 26.03 |
Net Assets of Jiangxi Ganyue Expressway Co Ltd (1997–2024)
Net assets of Jiangxi Ganyue Expressway Co Ltd from 1997 to 2024. This chart illustrates how Jiangxi Ganyue Expressway Co Ltd's net assets have evolved over time, based on quarterly financial data. See Jiangxi Ganyue Expressway Co Ltd (600269) balance sheet quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Jiangxi Ganyue Expressway Co Ltd (1997–2024)
The table below shows the annual net assets of Jiangxi Ganyue Expressway Co Ltd from 1997 to 2024. For live market cap and overall valuation, see Jiangxi Ganyue Expressway Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥20.57 Billion ≈ $3.01 Billion |
+5.34% |
| 2023-12-31 | CN¥19.52 Billion ≈ $2.86 Billion |
+4.34% |
| 2022-12-31 | CN¥18.71 Billion ≈ $2.74 Billion |
+3.21% |
| 2021-12-31 | CN¥18.13 Billion ≈ $2.65 Billion |
+2.16% |
| 2020-12-31 | CN¥17.75 Billion ≈ $2.60 Billion |
+4.01% |
| 2019-12-31 | CN¥17.06 Billion ≈ $2.50 Billion |
+5.43% |
| 2018-12-31 | CN¥16.18 Billion ≈ $2.37 Billion |
+0.98% |
| 2017-12-31 | CN¥16.03 Billion ≈ $2.35 Billion |
+2.19% |
| 2016-12-31 | CN¥15.68 Billion ≈ $2.29 Billion |
+8.79% |
| 2015-12-31 | CN¥14.42 Billion ≈ $2.11 Billion |
+1.70% |
| 2014-12-31 | CN¥14.18 Billion ≈ $2.07 Billion |
+6.36% |
| 2013-12-31 | CN¥13.33 Billion ≈ $1.95 Billion |
+2.28% |
| 2012-12-31 | CN¥13.03 Billion ≈ $1.91 Billion |
+21.90% |
| 2011-12-31 | CN¥10.69 Billion ≈ $1.56 Billion |
+7.13% |
| 2010-12-31 | CN¥9.98 Billion ≈ $1.46 Billion |
+6.60% |
| 2009-12-31 | CN¥9.36 Billion ≈ $1.37 Billion |
+21.40% |
| 2008-12-31 | CN¥7.71 Billion ≈ $1.13 Billion |
+14.05% |
| 2007-12-31 | CN¥6.76 Billion ≈ $989.30 Million |
+16.15% |
| 2006-12-31 | CN¥5.82 Billion ≈ $851.77 Million |
+37.68% |
| 2005-12-31 | CN¥4.23 Billion ≈ $618.67 Million |
-14.39% |
| 2004-12-31 | CN¥4.94 Billion ≈ $722.68 Million |
+8.94% |
| 2003-12-31 | CN¥4.53 Billion ≈ $663.36 Million |
+33.53% |
| 2002-12-31 | CN¥3.39 Billion ≈ $496.79 Million |
+16.23% |
| 2001-12-31 | CN¥2.92 Billion ≈ $427.42 Million |
+3.87% |
| 2000-12-31 | CN¥2.81 Billion ≈ $411.50 Million |
+134.75% |
| 1999-12-31 | CN¥1.20 Billion ≈ $175.29 Million |
+2.31% |
| 1998-12-31 | CN¥1.17 Billion ≈ $171.34 Million |
+27.62% |
| 1997-12-31 | CN¥917.44 Million ≈ $134.25 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangxi Ganyue 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 1250164808800.0% over the analyzed period, indicating profitable operations and earnings retention.
Jiangxi Ganyue Expressway Co Ltd Net Assets Breakdown (December 2024)
Jiangxi Ganyue Expressway Co Ltd net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥12.50 Billion | 66.99% |
| Common Stock | CN¥2.34 Billion | 12.51% |
| Other Comprehensive Income | CN¥2.95 Billion | 15.79% |
| Other Components | CN¥877.39 Million | 4.70% |
| Total Equity | CN¥18.66 Billion | 100.00% |
Jiangxi Ganyue Expressway Co Ltd Competitors by Market Cap
The table below lists competitors of Jiangxi Ganyue Expressway Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xeris Pharmaceuticals Inc
NASDAQ:XERS
|
$1.40 Billion |
|
Xior Student Housing NV
BR:XIOR
|
$1.40 Billion |
|
Cardinal Energy Ltd
TO:CJ
|
$1.40 Billion |
|
Wolverine World Wide Inc
NYSE:WWW
|
$1.40 Billion |
|
Shanghai Highly Group Co Ltd A
SHG:600619
|
$1.40 Billion |
|
Suzhou Veichi Electric Co. Ltd. A
SHG:688698
|
$1.40 Billion |
|
Europris ASA
OL:EPR
|
$1.40 Billion |
|
Innuovo Technology Co Ltd Class A
SHE:000795
|
$1.40 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangxi Ganyue Expressway Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 17,659,653,075 to 18,661,459,855, a change of 1,001,806,780 (5.7%).
- Net income of 1,279,193,041 contributed positively to equity growth.
- Dividend payments of 699,125,050 reduced retained earnings.
- Other comprehensive income increased equity by 2,944,476,585.
- Other factors decreased equity by 2,522,737,796.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.28 Billion | +6.85% |
| Dividends Paid | CN¥699.13 Million | -3.75% |
| Other Comprehensive Income | CN¥2.94 Billion | +15.78% |
| Other Changes | CN¥-2.52 Billion | -13.52% |
| Total Change | CN¥- | 5.67% |
Book Value vs Market Value Analysis
This analysis compares Jiangxi Ganyue 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: 0.51x
- 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 6.96x to 0.51x 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¥0.59 | CN¥4.09 | x |
| 1998-12-31 | CN¥0.75 | CN¥4.09 | x |
| 1999-12-31 | CN¥0.77 | CN¥4.09 | x |
| 2000-12-31 | CN¥1.62 | CN¥4.09 | x |
| 2001-12-31 | CN¥1.69 | CN¥4.09 | x |
| 2002-12-31 | CN¥1.99 | CN¥4.09 | x |
| 2003-12-31 | CN¥2.11 | CN¥4.09 | x |
| 2004-12-31 | CN¥2.30 | CN¥4.09 | x |
| 2005-12-31 | CN¥2.45 | CN¥4.09 | x |
| 2006-12-31 | CN¥2.32 | CN¥4.09 | x |
| 2007-12-31 | CN¥2.68 | CN¥4.09 | x |
| 2008-12-31 | CN¥3.07 | CN¥4.09 | x |
| 2009-12-31 | CN¥3.78 | CN¥4.09 | x |
| 2010-12-31 | CN¥4.02 | CN¥4.09 | x |
| 2011-12-31 | CN¥4.24 | CN¥4.09 | x |
| 2012-12-31 | CN¥4.69 | CN¥4.09 | x |
| 2013-12-31 | CN¥4.89 | CN¥4.09 | x |
| 2014-12-31 | CN¥5.33 | CN¥4.09 | x |
| 2015-12-31 | CN¥5.41 | CN¥4.09 | x |
| 2016-12-31 | CN¥6.02 | CN¥4.09 | x |
| 2017-12-31 | CN¥6.25 | CN¥4.09 | x |
| 2018-12-31 | CN¥6.31 | CN¥4.09 | x |
| 2019-12-31 | CN¥6.73 | CN¥4.09 | x |
| 2020-12-31 | CN¥6.81 | CN¥4.09 | x |
| 2021-12-31 | CN¥6.98 | CN¥4.09 | x |
| 2022-12-31 | CN¥7.21 | CN¥4.09 | x |
| 2023-12-31 | CN¥7.50 | CN¥4.09 | x |
| 2024-12-31 | CN¥8.02 | CN¥4.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangxi Ganyue 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): 6.85%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.37%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.99x
- Recent ROE (6.85%) is below the historical average (9.23%), 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 | 15.28% | 71.49% | 0.13x | 1.62x | CN¥48.48 Million |
| 1998 | 13.32% | 69.51% | 0.13x | 1.46x | CN¥38.92 Million |
| 1999 | 13.93% | 70.91% | 0.14x | 1.44x | CN¥47.04 Million |
| 2000 | 6.97% | 62.18% | 0.07x | 1.58x | CN¥-76.37 Million |
| 2001 | 6.81% | 46.29% | 0.09x | 1.55x | CN¥-84.08 Million |
| 2002 | 6.11% | 40.75% | 0.10x | 1.46x | CN¥-120.62 Million |
| 2003 | 5.67% | 30.24% | 0.10x | 1.94x | CN¥-142.48 Million |
| 2004 | 10.29% | 35.81% | 0.16x | 1.85x | CN¥10.54 Million |
| 2005 | 10.42% | 30.45% | 0.20x | 1.72x | CN¥16.12 Million |
| 2006 | 15.27% | 45.14% | 0.16x | 2.12x | CN¥284.35 Million |
| 2007 | 17.44% | 45.91% | 0.21x | 1.85x | CN¥467.89 Million |
| 2008 | 15.30% | 35.52% | 0.25x | 1.70x | CN¥379.69 Million |
| 2009 | 14.04% | 37.78% | 0.22x | 1.68x | CN¥353.54 Million |
| 2010 | 13.44% | 31.58% | 0.21x | 1.99x | CN¥321.48 Million |
| 2011 | 11.08% | 28.07% | 0.17x | 2.30x | CN¥108.26 Million |
| 2012 | 10.66% | 32.88% | 0.14x | 2.34x | CN¥72.03 Million |
| 2013 | 5.72% | 16.70% | 0.14x | 2.46x | CN¥-489.03 Million |
| 2014 | 5.63% | 17.04% | 0.13x | 2.50x | CN¥-539.14 Million |
| 2015 | 5.55% | 12.94% | 0.18x | 2.42x | CN¥-571.32 Million |
| 2016 | 7.31% | 22.78% | 0.14x | 2.25x | CN¥-382.43 Million |
| 2017 | 6.72% | 22.70% | 0.13x | 2.33x | CN¥-479.45 Million |
| 2018 | 7.92% | 25.70% | 0.14x | 2.22x | CN¥-308.42 Million |
| 2019 | 7.08% | 22.08% | 0.14x | 2.23x | CN¥-459.42 Million |
| 2020 | 3.31% | 10.40% | 0.14x | 2.22x | CN¥-1.06 Billion |
| 2021 | 5.48% | 13.88% | 0.18x | 2.15x | CN¥-736.84 Million |
| 2022 | 4.14% | 10.30% | 0.20x | 2.06x | CN¥-987.07 Million |
| 2023 | 6.67% | 15.71% | 0.21x | 2.03x | CN¥-588.66 Million |
| 2024 | 6.85% | 21.37% | 0.16x | 1.99x | CN¥-586.95 Million |
Industry Comparison
This section compares Jiangxi Ganyue 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: $12,607,867,584
- Average return on equity (ROE) among peers: 9.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangxi Ganyue Expressway Co Ltd (600269) | CN¥21.80 Billion | 15.28% | 0.76x | $1.40 Billion |
| Guangdong Provincial Expressway Development Co Ltd (000429) | $4.25 Billion | 7.65% | 0.60x | $3.46 Billion |
| Shanxi Sanwei Group Co Ltd (000755) | $2.32 Billion | 1.38% | 2.10x | $1.04 Billion |
| Dongguan Development Holdings Co Ltd (000828) | $10.29 Billion | 8.01% | 0.53x | $1.53 Billion |
| Xiandai Investment Co Ltd (000900) | $14.31 Billion | 2.38% | 3.06x | $801.80 Million |
| Merchant Express Class A (001965) | $82.14 Billion | 8.24% | 0.92x | $10.09 Billion |
| Shandong Sunway Petrochemical Engineering Co Ltd (002469) | $76.60 Million | 32.93% | 0.63x | $541.21 Million |
| Xinjiang Communications Construction Group Co Ltd Class A (002941) | $6.30 Billion | 7.49% | 2.47x | $1.26 Billion |
| Guangdong Provincial Expressway Development Co Ltd (200429) | $2.35 Billion | 6.28% | 0.10x | $417.59 Million |
| Anhui Expressway Co Ltd (600012) | $2.61 Billion | 5.54% | 0.17x | $2.97 Billion |
| Henan Zhongyuan Expressway Co Ltd (600020) | $1.44 Billion | 17.77% | 0.89x | $1.39 Billion |
About Jiangxi Ganyue Expressway Co Ltd
Jiangxi Ganyue Expressway CO.,LTD., together with its subsidiaries, engages in highway operations, smart transportation, and industrial and financial investment in China. It operates through Expressway Toll Service, Engineering Construction, Refined Oil Sales, Property Development, and Other Operations segments. The company operates eight expressways, including Changjiu Expressway, Changzhang Exp… Read more