Shandong Hi-speed Co Ltd (600350) - Net Assets
Based on the latest financial reports, Shandong Hi-speed Co Ltd (600350) has net assets worth CN¥43.94 Billion CNY (≈ $6.43 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¥162.95 Billion ≈ $23.84 Billion USD) and total liabilities (CN¥119.01 Billion ≈ $17.41 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. Check Shandong Hi-speed Co Ltd (600350) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore Shandong Hi-speed Co Ltd assets under control for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Shandong Hi-speed Co Ltd (600350) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥57.30 Billion ≈ $8.38 Billion |
+4.28% |
| 2023-12-31 | CN¥54.94 Billion ≈ $8.04 Billion |
+5.14% |
| 2022-12-31 | CN¥52.25 Billion ≈ $7.65 Billion |
+11.64% |
| 2021-12-31 | CN¥46.80 Billion ≈ $6.85 Billion |
+28.96% |
| 2020-12-31 | CN¥36.29 Billion ≈ $5.31 Billion |
+5.55% |
| 2019-12-31 | CN¥34.39 Billion ≈ $5.03 Billion |
+17.30% |
| 2018-12-31 | CN¥29.32 Billion ≈ $4.29 Billion |
+8.30% |
| 2017-12-31 | CN¥27.07 Billion ≈ $3.96 Billion |
+7.48% |
| 2016-12-31 | CN¥25.19 Billion ≈ $3.69 Billion |
+4.13% |
| 2015-12-31 | CN¥24.19 Billion ≈ $3.54 Billion |
+7.68% |
| 2014-12-31 | CN¥22.46 Billion ≈ $3.29 Billion |
+8.23% |
| 2013-12-31 | CN¥20.75 Billion ≈ $3.04 Billion |
+13.61% |
| 2012-12-31 | CN¥18.27 Billion ≈ $2.67 Billion |
+11.07% |
| 2011-12-31 | CN¥16.45 Billion ≈ $2.41 Billion |
+58.40% |
| 2010-12-31 | CN¥10.38 Billion ≈ $1.52 Billion |
+10.59% |
| 2009-12-31 | CN¥9.39 Billion ≈ $1.37 Billion |
+5.55% |
| 2008-12-31 | CN¥8.90 Billion ≈ $1.30 Billion |
+6.70% |
| 2007-12-31 | CN¥8.34 Billion ≈ $1.22 Billion |
+8.55% |
| 2006-12-31 | CN¥7.68 Billion ≈ $1.12 Billion |
+6.36% |
| 2005-12-31 | CN¥7.22 Billion ≈ $1.06 Billion |
+5.07% |
| 2004-12-31 | CN¥6.87 Billion ≈ $1.01 Billion |
+7.63% |
| 2003-12-31 | CN¥6.38 Billion ≈ $934.32 Million |
+7.90% |
| 2002-12-31 | CN¥5.92 Billion ≈ $865.92 Million |
+31.06% |
| 2001-12-31 | CN¥4.52 Billion ≈ $660.69 Million |
+1.32% |
| 2000-12-31 | CN¥4.46 Billion ≈ $652.09 Million |
+1.05% |
| 1999-12-31 | CN¥4.41 Billion ≈ $645.31 Million |
+148.53% |
| 1998-12-31 | CN¥1.77 Billion ≈ $259.65 Million |
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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 |
|---|---|
|
Pilgrims Pride Corp
NASDAQ:PPC
|
$7.57 Billion |
|
GDS Holdings Limited
F:G40
|
$7.57 Billion |
|
Grupo Cibest S.A.
NYSE:CIB
|
$7.58 Billion |
|
CD PROJEKT SA
WAR:CDR
|
$7.58 Billion |
|
Mytilineos S.A
AT:MYTIL
|
$7.55 Billion |
|
FSPG Hi-Tech Co Ltd
SHE:000973
|
$7.55 Billion |
|
Adani Total Gas Limited
NSE:ATGL
|
$7.55 Billion |
|
Datang International Power Generation Co Ltd Class A
SHG:601991
|
$7.55 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: 1.46x
- 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 20.29x to 1.46x 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¥10.70 | x |
| 1999-12-31 | CN¥1.31 | CN¥10.70 | x |
| 2000-12-31 | CN¥1.32 | CN¥10.70 | x |
| 2001-12-31 | CN¥1.34 | CN¥10.70 | x |
| 2002-12-31 | CN¥1.76 | CN¥10.70 | x |
| 2003-12-31 | CN¥1.89 | CN¥10.70 | x |
| 2004-12-31 | CN¥2.04 | CN¥10.70 | x |
| 2005-12-31 | CN¥2.14 | CN¥10.70 | x |
| 2006-12-31 | CN¥2.28 | CN¥10.70 | x |
| 2007-12-31 | CN¥2.47 | CN¥10.70 | x |
| 2008-12-31 | CN¥2.64 | CN¥10.70 | x |
| 2009-12-31 | CN¥2.79 | CN¥10.70 | x |
| 2010-12-31 | CN¥2.14 | CN¥10.70 | x |
| 2011-12-31 | CN¥3.41 | CN¥10.70 | x |
| 2012-12-31 | CN¥3.66 | CN¥10.70 | x |
| 2013-12-31 | CN¥4.02 | CN¥10.70 | x |
| 2014-12-31 | CN¥4.40 | CN¥10.70 | x |
| 2015-12-31 | CN¥4.77 | CN¥10.70 | x |
| 2016-12-31 | CN¥5.18 | CN¥10.70 | x |
| 2017-12-31 | CN¥5.53 | CN¥10.70 | x |
| 2018-12-31 | CN¥5.67 | CN¥10.70 | x |
| 2019-12-31 | CN¥6.68 | CN¥10.70 | x |
| 2020-12-31 | CN¥6.22 | CN¥10.70 | x |
| 2021-12-31 | CN¥7.26 | CN¥10.70 | x |
| 2022-12-31 | CN¥6.97 | CN¥10.70 | x |
| 2023-12-31 | CN¥5.30 | CN¥10.70 | x |
| 2024-12-31 | CN¥7.31 | CN¥10.70 | 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: $7,070,981,300
- Average return on equity (ROE) among peers: 8.50%
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 | $7.57 Billion |
| Guangdong Provincial Expressway Development Co Ltd (000429) | $3.37 Billion | 3.94% | 0.12x | $3.21 Billion |
| Shanxi Sanwei Group Co Ltd (000755) | $160.96 Million | 16.73% | 1.44x | $1.08 Billion |
| Dongguan Development Holdings Co Ltd (000828) | $2.54 Billion | 8.82% | 0.40x | $1.58 Billion |
| City Development Environment Co Ltd (000885) | $2.90 Billion | 16.27% | 1.18x | $1.33 Billion |
| Xiandai Investment Co Ltd (000900) | $7.06 Billion | 8.02% | 1.65x | $937.29 Million |
| Merchant Express Class A (001965) | $46.36 Billion | 7.27% | 0.41x | $9.35 Billion |
| Shandong Sunway Petrochemical Engineering Co Ltd (002469) | $1.27 Billion | 0.93% | 0.20x | $682.68 Million |
| Xinjiang Communications Construction Group Co Ltd Class A (002941) | $188.53 Million | 9.86% | 6.32x | $1.48 Billion |
| Guangdong Provincial Expressway Development Co Ltd (200429) | $4.25 Billion | 7.65% | 0.60x | $402.45 Million |
| Anhui Expressway Co Ltd (600012) | $2.61 Billion | 5.54% | 0.17x | $2.67 Billion |
About Shandong Hi-speed Co Ltd
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