Shandong Hi-speed Co Ltd

SHG:600350 China Infrastructure Operations
Market Cap
$6.50 Billion
CN¥47.67 Billion CNY
Market Cap Rank
#6292 Global
#939 in China
Share Price
CN¥9.86
Change (1 day)
+0.92%
52-Week Range
CN¥8.53 - CN¥11.44
All Time High
CN¥11.44
Categories
Companies in China Infrastructure Operations
About

Shandong Hi-speed Company Limited engages in the investment, operation, and management of toll roads, bridges, and tunnel infrastructure; and related businesses in China. It is also involved in highway service areas and supporting services; property management; decoration and renovation; manufacture and sale of building materials; investment and operation management of rail transit facilities; an… Read more

Shandong Hi-speed Co Ltd (600350) - Net Assets

Latest net assets as of September 2025: CN¥43.94 Billion CNY

Based on the latest financial reports, Shandong Hi-speed Co Ltd (600350) has net assets worth CN¥43.94 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¥162.95 Billion) and total liabilities (CN¥119.01 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¥43.94 Billion
% of Total Assets 26.97%
Annual Growth Rate 14.3%
5-Year Change 57.86%
10-Year Change 136.88%
Growth Volatility 28.84

Shandong Hi-speed Co Ltd - Net Assets Trend (1998–2024)

This chart illustrates how Shandong Hi-speed 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 Shandong Hi-speed Co Ltd (1998–2024)

The table below shows the annual net assets of Shandong Hi-speed Co Ltd from 1998 to 2024.

Year Net Assets Change
2024-12-31 CN¥57.30 Billion +4.28%
2023-12-31 CN¥54.94 Billion +5.14%
2022-12-31 CN¥52.25 Billion +11.64%
2021-12-31 CN¥46.80 Billion +28.96%
2020-12-31 CN¥36.29 Billion +5.55%
2019-12-31 CN¥34.39 Billion +17.30%
2018-12-31 CN¥29.32 Billion +8.30%
2017-12-31 CN¥27.07 Billion +7.48%
2016-12-31 CN¥25.19 Billion +4.13%
2015-12-31 CN¥24.19 Billion +7.68%
2014-12-31 CN¥22.46 Billion +8.23%
2013-12-31 CN¥20.75 Billion +13.61%
2012-12-31 CN¥18.27 Billion +11.07%
2011-12-31 CN¥16.45 Billion +58.40%
2010-12-31 CN¥10.38 Billion +10.59%
2009-12-31 CN¥9.39 Billion +5.55%
2008-12-31 CN¥8.90 Billion +6.70%
2007-12-31 CN¥8.34 Billion +8.55%
2006-12-31 CN¥7.68 Billion +6.36%
2005-12-31 CN¥7.22 Billion +5.07%
2004-12-31 CN¥6.87 Billion +7.63%
2003-12-31 CN¥6.38 Billion +7.90%
2002-12-31 CN¥5.92 Billion +31.06%
2001-12-31 CN¥4.52 Billion +1.32%
2000-12-31 CN¥4.46 Billion +1.05%
1999-12-31 CN¥4.41 Billion +148.53%
1998-12-31 CN¥1.77 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Shandong Hi-speed 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 2111001600000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥21.11 Billion 48.77%
Common Stock CN¥4.85 Billion 11.21%
Other Comprehensive Income CN¥13.80 Billion 31.88%
Other Components CN¥3.53 Billion 8.15%
Total Equity CN¥43.29 Billion 100.00%

Shandong Hi-speed Co Ltd Competitors by Market Cap

The table below lists competitors of Shandong Hi-speed Co Ltd ranked by their market capitalization.

Company Market Cap
Immunocore Holdings Ltd
NASDAQ:IMCR
 		$1.31 Billion
Hedef Holdings AS
IS:HEDEF
 		$1.31 Billion
Kerry Properties Limited
PINK:KRYPF
 		$1.31 Billion
NTT UD REIT Investment Corporation
OTCGREY:PICJF
 		$1.31 Billion
Cloudwalk Technology Co. Ltd. A
SHG:688327
 		$1.31 Billion
Pets at Home Group Plc
PINK:PHGPY
 		$1.31 Billion
Farsoon Technology Co. Ltd. A
SHG:688433
 		$1.31 Billion
Perusahaan Gas Negara Persero
JK:PGAS
 		$1.31 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shandong Hi-speed Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 30,504,575,938 to 43,287,650,000, a change of 12,783,074,062 (41.9%).
  • Net income of 3,196,128,000 contributed positively to equity growth.
  • Dividend payments of 4,856,098,000 reduced retained earnings.
  • Share repurchases of 199,970,000 reduced equity.
  • Other comprehensive income increased equity by 8,971,697,746.
  • Other factors increased equity by 5,671,316,316.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥3.20 Billion +7.38%
Dividends Paid CN¥4.86 Billion -11.22%
Share Repurchases CN¥199.97 Million -0.46%
Other Comprehensive Income CN¥8.97 Billion +20.73%
Other Changes CN¥5.67 Billion +13.1%
Total Change CN¥- 41.91%

Book Value vs Market Value Analysis

This analysis compares Shandong Hi-speed 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: 1.35x
  • 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 18.70x to 1.35x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1998-12-31 CN¥0.53 CN¥9.86 x
1999-12-31 CN¥1.31 CN¥9.86 x
2000-12-31 CN¥1.32 CN¥9.86 x
2001-12-31 CN¥1.34 CN¥9.86 x
2002-12-31 CN¥1.76 CN¥9.86 x
2003-12-31 CN¥1.89 CN¥9.86 x
2004-12-31 CN¥2.04 CN¥9.86 x
2005-12-31 CN¥2.14 CN¥9.86 x
2006-12-31 CN¥2.28 CN¥9.86 x
2007-12-31 CN¥2.47 CN¥9.86 x
2008-12-31 CN¥2.64 CN¥9.86 x
2009-12-31 CN¥2.79 CN¥9.86 x
2010-12-31 CN¥2.14 CN¥9.86 x
2011-12-31 CN¥3.41 CN¥9.86 x
2012-12-31 CN¥3.66 CN¥9.86 x
2013-12-31 CN¥4.02 CN¥9.86 x
2014-12-31 CN¥4.40 CN¥9.86 x
2015-12-31 CN¥4.77 CN¥9.86 x
2016-12-31 CN¥5.18 CN¥9.86 x
2017-12-31 CN¥5.53 CN¥9.86 x
2018-12-31 CN¥5.67 CN¥9.86 x
2019-12-31 CN¥6.68 CN¥9.86 x
2020-12-31 CN¥6.22 CN¥9.86 x
2021-12-31 CN¥7.26 CN¥9.86 x
2022-12-31 CN¥6.97 CN¥9.86 x
2023-12-31 CN¥5.30 CN¥9.86 x
2024-12-31 CN¥7.31 CN¥9.86 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shandong Hi-speed 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): 7.38%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 11.22%
  • • Asset Turnover: 0.18x
  • • Equity Multiplier: 3.74x
  • Recent ROE (7.38%) is below the historical average (10.60%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1998 19.94% 56.51% 0.18x 1.99x CN¥176.31 Million
1999 8.53% 56.05% 0.11x 1.40x CN¥-64.72 Million
2000 8.42% 50.61% 0.12x 1.41x CN¥-70.43 Million
2001 8.67% 49.38% 0.13x 1.39x CN¥-60.13 Million
2002 8.04% 33.92% 0.19x 1.23x CN¥-115.70 Million
2003 7.32% 30.18% 0.20x 1.18x CN¥-171.03 Million
2004 9.05% 30.08% 0.25x 1.21x CN¥-65.50 Million
2005 9.51% 26.21% 0.29x 1.24x CN¥-35.53 Million
2006 11.70% 35.67% 0.24x 1.35x CN¥130.43 Million
2007 14.00% 36.92% 0.27x 1.40x CN¥333.00 Million
2008 13.99% 33.86% 0.26x 1.61x CN¥353.99 Million
2009 11.23% 28.68% 0.26x 1.48x CN¥115.60 Million
2010 12.12% 31.75% 0.27x 1.40x CN¥218.93 Million
2011 12.06% 33.24% 0.26x 1.42x CN¥338.37 Million
2012 11.20% 37.75% 0.17x 1.78x CN¥210.74 Million
2013 12.01% 39.82% 0.15x 2.02x CN¥388.78 Million
2014 12.23% 40.37% 0.15x 2.08x CN¥472.55 Million
2015 11.75% 38.66% 0.16x 1.94x CN¥401.61 Million
2016 12.40% 36.51% 0.19x 1.82x CN¥597.45 Million
2017 10.16% 33.26% 0.16x 1.91x CN¥42.18 Million
2018 10.80% 43.11% 0.10x 2.52x CN¥217.78 Million
2019 9.73% 30.02% 0.13x 2.50x CN¥-86.05 Million
2020 7.25% 17.54% 0.14x 2.95x CN¥-864.44 Million
2021 8.21% 18.84% 0.13x 3.38x CN¥-667.52 Million
2022 7.66% 13.58% 0.16x 3.46x CN¥-926.10 Million
2023 10.81% 12.42% 0.17x 4.97x CN¥246.77 Million
2024 7.38% 11.22% 0.18x 3.74x CN¥-1.13 Billion

Industry Comparison

This section compares Shandong Hi-speed Co Ltd's net assets metrics with peer companies in the Infrastructure Operations industry.

Industry Context

  • Industry: Infrastructure Operations
  • Average net assets among peers: $11,739,398,796
  • Average return on equity (ROE) among peers: 1.09%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shandong Hi-speed Co Ltd (600350) CN¥43.94 Billion 19.94% 2.71x $1.31 Billion
Shanxi Sanwei Group Co Ltd (000755) $4.95 Billion 9.26% 1.57x $239.87 Million
Dongguan Development Holdings Co Ltd (000828) $2.67 Billion 6.91% 0.56x $469.41 Million
City Development Environment Co Ltd (000885) $103.40 Million -76.39% 3.38x $431.18 Million
Xiandai Investment Co Ltd (000900) $5.14 Billion 16.00% 0.56x $475.65 Million
Merchant Express Class A (001965) $63.32 Billion 7.85% 0.55x $2.91 Billion
Shandong Sunway Petrochemical Engineering Co Ltd (002469) $2.87 Billion 9.16% 0.26x $626.47 Million
Xinjiang Communications Construction Group Co Ltd Class A (002941) $2.50 Billion 14.14% 3.06x $839.14 Million
Guangdong Provincial Expressway Development Co Ltd (200429) $12.41 Billion 13.17% 0.72x $1.13 Billion
Henan Zhongyuan Expressway Co Ltd (600020) $11.21 Billion 7.13% 3.47x $484.63 Million
Fujian Expressway Development Co Ltd (600033) $12.23 Billion 3.70% 0.32x $626.53 Million