Tibet Tianlu Co Ltd

SHG:600326 China Engineering & Construction
Market Cap
$2.01 Billion
CN¥14.74 Billion CNY
Market Cap Rank
#5992 Global
#854 in China
Share Price
CN¥10.82
Change (1 day)
+1.88%
52-Week Range
CN¥5.98 - CN¥19.15
All Time High
CN¥19.15
Categories
Companies in China Engineering & Construction
About

Xizang Tianlu Co., Ltd. engages in general contracting business in China. It is involved in the highway engineering construction; general contracting of housing, municipal public, railway engineering, and water conservancy and hydropower engineering construction works; professional contracting of bridge engineering, highway pavement construction, and road subgrade engineering works; and engineeri… Read more

Tibet Tianlu Co Ltd (600326) - Net Assets

Latest net assets as of September 2025: CN¥5.86 Billion CNY

Based on the latest financial reports, Tibet Tianlu Co Ltd (600326) has net assets worth CN¥5.86 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¥12.49 Billion) and total liabilities (CN¥6.63 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¥5.86 Billion
% of Total Assets 46.94%
Annual Growth Rate 17.56%
5-Year Change -12.28%
10-Year Change 119.82%
Growth Volatility 58.64

Tibet Tianlu Co Ltd - Net Assets Trend (1997–2024)

This chart illustrates how Tibet Tianlu 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 Tibet Tianlu Co Ltd (1997–2024)

The table below shows the annual net assets of Tibet Tianlu Co Ltd from 1997 to 2024.

Year Net Assets Change
2024-12-31 CN¥5.76 Billion +3.29%
2023-12-31 CN¥5.58 Billion -6.05%
2022-12-31 CN¥5.94 Billion -9.83%
2021-12-31 CN¥6.59 Billion +0.24%
2020-12-31 CN¥6.57 Billion +18.48%
2019-12-31 CN¥5.55 Billion +29.08%
2018-12-31 CN¥4.30 Billion +17.90%
2017-12-31 CN¥3.64 Billion +17.07%
2016-12-31 CN¥3.11 Billion +18.71%
2015-12-31 CN¥2.62 Billion +82.86%
2014-12-31 CN¥1.43 Billion +7.52%
2013-12-31 CN¥1.33 Billion -0.94%
2012-12-31 CN¥1.35 Billion -4.18%
2011-12-31 CN¥1.41 Billion +9.34%
2010-12-31 CN¥1.28 Billion +5.76%
2009-12-31 CN¥1.21 Billion +5.71%
2008-12-31 CN¥1.15 Billion +0.54%
2007-12-31 CN¥1.14 Billion +142.94%
2006-12-31 CN¥470.53 Million +4.71%
2005-12-31 CN¥449.38 Million +3.70%
2004-12-31 CN¥433.34 Million +0.03%
2003-12-31 CN¥433.19 Million +8.24%
2002-12-31 CN¥400.22 Million +6.87%
2001-12-31 CN¥374.49 Million +281.69%
2000-12-31 CN¥98.11 Million +10.93%
1999-12-31 CN¥88.44 Million +17.09%
1998-12-31 CN¥75.53 Million +3.43%
1997-12-31 CN¥73.03 Million --

Equity Component Analysis

This analysis shows how different components contribute to Tibet Tianlu 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 64380100000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥643.80 Million 16.74%
Common Stock CN¥1.32 Billion 34.42%
Other Components CN¥1.88 Billion 48.84%
Total Equity CN¥3.84 Billion 100.00%

Tibet Tianlu Co Ltd Competitors by Market Cap

The table below lists competitors of Tibet Tianlu Co Ltd ranked by their market capitalization.

Company Market Cap
Ube Industries Ltd
PINK:UBEOF
 		$1.43 Billion
Innovative Industrial Properties Inc
NYSE:IIPR
 		$1.43 Billion
Visual China Group Co Ltd
SHE:000681
 		$1.43 Billion
Deliveroo Holdings PLC
PINK:DROOF
 		$1.43 Billion
Cogeco Communications Inc
PINK:CGEAF
 		$1.43 Billion
AVI LTD RC-05
F:IZ6
 		$1.43 Billion
Hugo Boss AG
OTCQX:HUGPF
 		$1.43 Billion
Shanghai Beite Technology Co
SHG:603009
 		$1.43 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 3,542,307,000 to 3,844,758,000, a change of 302,451,000 (8.5%).
  • Net loss of 104,282,158 reduced equity.
  • Dividend payments of 193,849,000 reduced retained earnings.
  • Other factors increased equity by 600,582,158.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥-104.28 Million -2.71%
Dividends Paid CN¥193.85 Million -5.04%
Other Changes CN¥600.58 Million +15.62%
Total Change CN¥- 8.54%

Book Value vs Market Value Analysis

This analysis compares Tibet Tianlu 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: 3.67x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 86.22x to 3.67x 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¥0.13 CN¥10.82 x
1998-12-31 CN¥0.13 CN¥10.82 x
1999-12-31 CN¥0.15 CN¥10.82 x
2000-12-31 CN¥0.17 CN¥10.82 x
2001-12-31 CN¥0.67 CN¥10.82 x
2002-12-31 CN¥0.67 CN¥10.82 x
2003-12-31 CN¥0.73 CN¥10.82 x
2004-12-31 CN¥0.73 CN¥10.82 x
2005-12-31 CN¥0.79 CN¥10.82 x
2006-12-31 CN¥0.83 CN¥10.82 x
2007-12-31 CN¥1.49 CN¥10.82 x
2008-12-31 CN¥1.31 CN¥10.82 x
2009-12-31 CN¥1.68 CN¥10.82 x
2010-12-31 CN¥1.18 CN¥10.82 x
2011-12-31 CN¥1.56 CN¥10.82 x
2012-12-31 CN¥1.55 CN¥10.82 x
2013-12-31 CN¥1.68 CN¥10.82 x
2014-12-31 CN¥1.63 CN¥10.82 x
2015-12-31 CN¥2.97 CN¥10.82 x
2016-12-31 CN¥3.59 CN¥10.82 x
2017-12-31 CN¥3.47 CN¥10.82 x
2018-12-31 CN¥3.52 CN¥10.82 x
2019-12-31 CN¥4.16 CN¥10.82 x
2020-12-31 CN¥3.72 CN¥10.82 x
2021-12-31 CN¥4.83 CN¥10.82 x
2022-12-31 CN¥3.26 CN¥10.82 x
2023-12-31 CN¥2.97 CN¥10.82 x
2024-12-31 CN¥2.95 CN¥10.82 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tibet Tianlu 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): -2.71%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -3.32%
  • • Asset Turnover: 0.24x
  • • Equity Multiplier: 3.33x
  • Recent ROE (-2.71%) is below the historical average (6.17%), 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 16.69% 6.71% 0.93x 2.67x CN¥4.71 Million
1998 18.32% 7.16% 0.95x 2.68x CN¥6.10 Million
1999 18.38% 7.44% 1.02x 2.42x CN¥7.21 Million
2000 12.17% 4.67% 0.93x 2.79x CN¥2.10 Million
2001 6.34% 6.93% 0.61x 1.51x CN¥-13.71 Million
2002 7.97% 5.91% 0.72x 1.86x CN¥-7.67 Million
2003 7.43% 8.73% 0.55x 1.54x CN¥-10.49 Million
2004 6.97% 8.20% 0.46x 1.86x CN¥-12.40 Million
2005 7.22% 8.22% 0.49x 1.80x CN¥-12.25 Million
2006 3.94% 3.00% 0.62x 2.12x CN¥-28.19 Million
2007 5.18% 6.95% 0.35x 2.15x CN¥-44.13 Million
2008 0.88% 1.31% 0.31x 2.15x CN¥-83.79 Million
2009 7.79% 7.46% 0.51x 2.06x CN¥-22.00 Million
2010 7.04% 6.73% 0.52x 2.03x CN¥-31.36 Million
2011 7.58% 6.52% 0.55x 2.11x CN¥-26.68 Million
2012 -3.98% -2.58% 0.60x 2.56x CN¥-148.45 Million
2013 0.46% 0.28% 0.60x 2.73x CN¥-101.82 Million
2014 5.66% 4.50% 0.45x 2.82x CN¥-48.86 Million
2015 6.73% 7.01% 0.42x 2.28x CN¥-71.12 Million
2016 10.60% 10.12% 0.37x 2.83x CN¥14.25 Million
2017 12.40% 9.20% 0.43x 3.17x CN¥63.84 Million
2018 14.77% 8.95% 0.59x 2.81x CN¥145.10 Million
2019 12.03% 7.71% 0.49x 3.18x CN¥73.28 Million
2020 9.92% 6.17% 0.57x 2.84x CN¥-3.36 Million
2021 0.90% 0.69% 0.41x 3.19x CN¥-403.93 Million
2022 -12.80% -12.95% 0.28x 3.52x CN¥-886.71 Million
2023 -15.03% -12.99% 0.30x 3.87x CN¥-886.58 Million
2024 -2.71% -3.32% 0.24x 3.33x CN¥-488.76 Million

Industry Comparison

This section compares Tibet Tianlu 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
Tibet Tianlu Co Ltd (600326) CN¥5.86 Billion 16.69% 1.13x $1.43 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