Jiangsu Expressway Co Ltd (600377) - Net Assets

Latest as of September 2025: CN¥52.32 Billion CNY

Based on the latest financial reports, Jiangsu Expressway Co Ltd (600377) has net assets worth CN¥52.32 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¥92.85 Billion) and total liabilities (CN¥40.53 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¥52.32 Billion
% of Total Assets 56.35%
Annual Growth Rate 5.36%
5-Year Change 50.48%
10-Year Change 134.75%
Growth Volatility 4.73

Jiangsu Expressway Co Ltd - Net Assets Trend (1997–2024)

This chart illustrates how Jiangsu Expressway 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 Jiangsu Expressway Co Ltd (1997–2024)

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

Year Net Assets Change
2024-12-31 CN¥49.73 Billion +21.63%
2023-12-31 CN¥40.89 Billion +7.74%
2022-12-31 CN¥37.95 Billion +7.33%
2021-12-31 CN¥35.36 Billion +6.99%
2020-12-31 CN¥33.05 Billion +1.12%
2019-12-31 CN¥32.68 Billion +11.34%
2018-12-31 CN¥29.35 Billion +13.36%
2017-12-31 CN¥25.89 Billion +12.87%
2016-12-31 CN¥22.94 Billion +8.29%
2015-12-31 CN¥21.19 Billion +1.19%
2014-12-31 CN¥20.94 Billion +4.17%
2013-12-31 CN¥20.10 Billion +4.92%
2012-12-31 CN¥19.16 Billion +2.94%
2011-12-31 CN¥18.61 Billion +3.24%
2010-12-31 CN¥18.02 Billion +4.75%
2009-12-31 CN¥17.21 Billion +4.87%
2008-12-31 CN¥16.41 Billion +1.67%
2007-12-31 CN¥16.14 Billion +4.40%
2006-12-31 CN¥15.46 Billion +2.71%
2005-12-31 CN¥15.05 Billion -0.20%
2004-12-31 CN¥15.08 Billion +0.78%
2003-12-31 CN¥14.96 Billion +6.80%
2002-12-31 CN¥14.01 Billion +3.00%
2001-12-31 CN¥13.60 Billion +0.96%
2000-12-31 CN¥13.47 Billion +4.97%
1999-12-31 CN¥12.83 Billion +2.76%
1998-12-31 CN¥12.49 Billion +2.77%
1997-12-31 CN¥12.15 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Jiangsu 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 21801.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥15.69 Billion 40.65%
Common Stock CN¥5.04 Billion 13.05%
Other Comprehensive Income CN¥13.74 Billion 35.59%
Other Components CN¥4.14 Billion 10.71%
Total Equity CN¥38.60 Billion 100.00%

Jiangsu Expressway Co Ltd Competitors by Market Cap

The table below lists competitors of Jiangsu Expressway Co Ltd ranked by their market capitalization.

Company Market Cap
Hangzhou First PV Material Co Ltd
SHG:603806
 		$6.56 Billion
Chewy Inc
NYSE:CHWY
 		$6.56 Billion
MYTILINEOS SA NAM.EO 097
F:MYH
 		$6.57 Billion
SUZHOU KEMATEK INC
SHE:301611
 		$6.57 Billion
Hangzhou Silan Microelectronics Co Ltd
SHG:600460
 		$6.56 Billion
Shenergy Co Ltd
SHG:600642
 		$6.56 Billion
Sailun Jinyu Group Co Ltd
SHG:601058
 		$6.56 Billion
TPG INC CLASS A DL-001
F:B81
 		$6.56 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 33,987,287,307 to 38,596,796,000, a change of 4,609,508,693 (13.6%).
  • Net income of 4,946,691,610 contributed positively to equity growth.
  • Dividend payments of 3,330,286,000 reduced retained earnings.
  • Other comprehensive income increased equity by 2,133,212,282.
  • Other factors increased equity by 859,890,801.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥4.95 Billion +12.82%
Dividends Paid CN¥3.33 Billion -8.63%
Other Comprehensive Income CN¥2.13 Billion +5.53%
Other Changes CN¥859.89 Million +2.23%
Total Change CN¥- 13.56%

Book Value vs Market Value Analysis

This analysis compares Jiangsu 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: 1.40x
  • 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 4.92x to 1.40x 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¥2.39 CN¥11.75 x
1998-12-31 CN¥2.44 CN¥11.75 x
1999-12-31 CN¥2.48 CN¥11.75 x
2000-12-31 CN¥2.65 CN¥11.75 x
2001-12-31 CN¥2.67 CN¥11.75 x
2002-12-31 CN¥2.70 CN¥11.75 x
2003-12-31 CN¥2.89 CN¥11.75 x
2004-12-31 CN¥2.91 CN¥11.75 x
2005-12-31 CN¥2.91 CN¥11.75 x
2006-12-31 CN¥2.94 CN¥11.75 x
2007-12-31 CN¥3.12 CN¥11.75 x
2008-12-31 CN¥3.16 CN¥11.75 x
2009-12-31 CN¥3.32 CN¥11.75 x
2010-12-31 CN¥3.49 CN¥11.75 x
2011-12-31 CN¥3.60 CN¥11.75 x
2012-12-31 CN¥3.71 CN¥11.75 x
2013-12-31 CN¥3.89 CN¥11.75 x
2014-12-31 CN¥4.04 CN¥11.75 x
2015-12-31 CN¥4.06 CN¥11.75 x
2016-12-31 CN¥4.41 CN¥11.75 x
2017-12-31 CN¥4.67 CN¥11.75 x
2018-12-31 CN¥5.19 CN¥11.75 x
2019-12-31 CN¥5.67 CN¥11.75 x
2020-12-31 CN¥5.60 CN¥11.75 x
2021-12-31 CN¥6.00 CN¥11.75 x
2022-12-31 CN¥6.96 CN¥11.75 x
2023-12-31 CN¥7.40 CN¥11.75 x
2024-12-31 CN¥8.41 CN¥11.75 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Jiangsu 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): 12.82%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 21.32%
  • • Asset Turnover: 0.26x
  • • Equity Multiplier: 2.33x
  • Recent ROE (12.82%) is above the historical average (10.16%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1997 2.61% 43.35% 0.05x 1.17x CN¥-888.62 Million
1998 4.42% 53.58% 0.07x 1.15x CN¥-684.89 Million
1999 4.84% 53.13% 0.08x 1.16x CN¥-644.18 Million
2000 5.18% 50.05% 0.09x 1.13x CN¥-642.82 Million
2001 5.80% 48.02% 0.11x 1.11x CN¥-566.19 Million
2002 6.00% 40.31% 0.13x 1.11x CN¥-544.49 Million
2003 6.53% 34.80% 0.16x 1.15x CN¥-505.70 Million
2004 5.64% 27.02% 0.15x 1.41x CN¥-639.88 Million
2005 4.76% 32.99% 0.08x 1.86x CN¥-766.80 Million
2006 7.58% 29.04% 0.15x 1.76x CN¥-363.18 Million
2007 10.19% 30.15% 0.20x 1.65x CN¥29.99 Million
2008 9.73% 29.45% 0.21x 1.55x CN¥-42.88 Million
2009 12.00% 35.03% 0.23x 1.52x CN¥335.32 Million
2010 14.15% 37.66% 0.26x 1.42x CN¥728.03 Million
2011 13.39% 33.68% 0.28x 1.40x CN¥615.28 Million
2012 12.49% 29.93% 0.30x 1.38x CN¥464.46 Million
2013 13.82% 35.56% 0.28x 1.37x CN¥748.09 Million
2014 10.95% 25.23% 0.32x 1.35x CN¥193.07 Million
2015 12.24% 28.61% 0.24x 1.78x CN¥459.01 Million
2016 15.07% 36.37% 0.25x 1.63x CN¥1.13 Billion
2017 15.25% 37.94% 0.22x 1.81x CN¥1.24 Billion
2018 16.74% 43.90% 0.21x 1.84x CN¥1.76 Billion
2019 14.71% 41.67% 0.18x 1.95x CN¥1.35 Billion
2020 8.74% 30.68% 0.13x 2.17x CN¥-356.78 Million
2021 14.16% 30.01% 0.21x 2.24x CN¥1.26 Billion
2022 11.66% 28.09% 0.17x 2.46x CN¥530.03 Million
2023 12.99% 29.05% 0.19x 2.31x CN¥1.01 Billion
2024 12.82% 21.32% 0.26x 2.33x CN¥1.09 Billion

Industry Comparison

This section compares Jiangsu 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: $10,746,517,061
  • Average return on equity (ROE) among peers: -3.50%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Jiangsu Expressway Co Ltd (600377) CN¥52.32 Billion 2.61% 0.77x $6.56 Billion
Shanxi Sanwei Group Co Ltd (000755) $2.21 Billion 14.94% 0.90x $1.10 Billion
Dongguan Development Holdings Co Ltd (000828) $2.16 Billion 2.81% 0.38x $1.52 Billion
City Development Environment Co Ltd (000885) $37.44 Million -159.88% 5.86x $1.29 Billion
Xiandai Investment Co Ltd (000900) $125.23 Million 37.71% 2.70x $908.41 Million
Merchant Express Class A (001965) $63.32 Billion 7.85% 0.55x $9.07 Billion
Shandong Sunway Petrochemical Engineering Co Ltd (002469) $76.60 Million 32.93% 0.63x $816.56 Million
Xinjiang Communications Construction Group Co Ltd Class A (002941) $4.46 Billion 7.88% 3.17x $1.71 Billion
Guangdong Provincial Expressway Development Co Ltd (200429) $10.25 Billion 12.28% 0.72x $397.56 Million
Henan Zhongyuan Expressway Co Ltd (600020) $11.96 Billion 2.03% 2.97x $1.25 Billion
Fujian Expressway Development Co Ltd (600033) $12.86 Billion 6.45% 0.30x $1.49 Billion

About Jiangsu Expressway Co Ltd

SHG:600377 China Infrastructure Operations
Market Cap
$6.56 Billion
CN¥44.84 Billion CNY
Market Cap Rank
#2837 Global
#359 in China
Share Price
CN¥11.75
Change (1 day)
-0.34%
52-Week Range
CN¥11.50 - CN¥16.36
All Time High
CN¥16.36
Categories
Companies in China Infrastructure Operations
About

Jiangsu Expressway Company Limited, together with its subsidiaries, engages in investment, construction, operation, and management of toll roads and bridges in the People's Republic of China. The company operates the Jiangsu section of Shanghai-Nanjing Expressway, Ningchang Expressway, Zhenli Expressway, Guangjing Expressway, Xicheng Expressway, Xiyi Expressway, Zhendan Expressway, Changyi Expres… Read more