Tengda Construction Group Co Ltd
Tengda Construction Group Co., Ltd. engages in the infrastructure construction business in China. The company constructs municipal roads, rail transit, underground tunnels, water supply and drainage projects, high-grade roads, expressway construction, and other projects. It is also involved in the real estate development business. The company was founded in 1995 and is based in Taizhou, China.
Tengda Construction Group Co Ltd (600512) - Net Assets
Latest net assets as of September 2025: CN¥6.31 Billion CNY
Based on the latest financial reports, Tengda Construction Group Co Ltd (600512) has net assets worth CN¥6.31 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¥10.67 Billion) and total liabilities (CN¥4.36 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¥6.31 Billion |
| % of Total Assets | 59.12% |
| Annual Growth Rate | 17.17% |
| 5-Year Change | 21.06% |
| 10-Year Change | 215.22% |
| Growth Volatility | 47.18 |
Tengda Construction Group Co Ltd - Net Assets Trend (1999–2024)
This chart illustrates how Tengda Construction Group 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 Tengda Construction Group Co Ltd (1999–2024)
The table below shows the annual net assets of Tengda Construction Group Co Ltd from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.26 Billion | +2.10% |
| 2023-12-31 | CN¥6.13 Billion | +1.77% |
| 2022-12-31 | CN¥6.02 Billion | +1.77% |
| 2021-12-31 | CN¥5.92 Billion | +14.48% |
| 2020-12-31 | CN¥5.17 Billion | +12.53% |
| 2019-12-31 | CN¥4.59 Billion | +4.16% |
| 2018-12-31 | CN¥4.41 Billion | -11.61% |
| 2017-12-31 | CN¥4.99 Billion | +8.67% |
| 2016-12-31 | CN¥4.59 Billion | +131.30% |
| 2015-12-31 | CN¥1.99 Billion | +69.52% |
| 2014-12-31 | CN¥1.17 Billion | -2.97% |
| 2013-12-31 | CN¥1.21 Billion | +13.17% |
| 2012-12-31 | CN¥1.07 Billion | -5.41% |
| 2011-12-31 | CN¥1.13 Billion | +0.69% |
| 2010-12-31 | CN¥1.12 Billion | +3.17% |
| 2009-12-31 | CN¥1.09 Billion | +3.79% |
| 2008-12-31 | CN¥1.05 Billion | +85.01% |
| 2007-12-31 | CN¥565.30 Million | +1.05% |
| 2006-12-31 | CN¥559.41 Million | -0.80% |
| 2005-12-31 | CN¥563.95 Million | +8.83% |
| 2004-12-31 | CN¥518.19 Million | +8.97% |
| 2003-12-31 | CN¥475.53 Million | +9.88% |
| 2002-12-31 | CN¥432.79 Million | +195.46% |
| 2001-12-31 | CN¥146.48 Million | +20.29% |
| 2000-12-31 | CN¥121.77 Million | +2.25% |
| 1999-12-31 | CN¥119.09 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tengda Construction Group 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 192996563900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.93 Billion | 30.96% |
| Common Stock | CN¥1.60 Billion | 25.65% |
| Other Components | CN¥2.71 Billion | 43.40% |
| Total Equity | CN¥6.23 Billion | 100.00% |
Tengda Construction Group Co Ltd Competitors by Market Cap
The table below lists competitors of Tengda Construction Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Qingmu Digital Technology Co.Ltd.
SHE:301110
|
$443.88 Million |
|
Beijing Konruns Pharmaceutical Co Ltd
SHG:603590
|
$444.00 Million |
|
Verallia
PA:VRLA
|
$444.22 Million |
|
Sichuan Fulin Transportation Group Co Ltd
SHE:002357
|
$444.30 Million |
|
Metsa Board Oyj B
HE:METSB
|
$443.68 Million |
|
Adriatic Metals PLC
PINK:ADTLF
|
$443.66 Million |
|
Jiangsu Changhai Compos Material
SHE:300196
|
$443.57 Million |
|
Orinko Advanced Plastics Co. Ltd. A
SHG:688219
|
$443.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tengda Construction Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,189,654,870 to 6,234,248,346, a change of 44,593,476 (0.7%).
- Net income of 25,999,771 contributed positively to equity growth.
- Dividend payments of 33,107,968 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥26.00 Million | +0.42% |
| Dividends Paid | CN¥33.11 Million | -0.53% |
| Other Changes | CN¥51.70 Million | +0.83% |
| Total Change | CN¥- | 0.72% |
Book Value vs Market Value Analysis
This analysis compares Tengda Construction Group 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: 0.66x
- 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 7.03x to 0.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | CN¥0.37 | CN¥2.59 | x |
| 2000-12-31 | CN¥0.38 | CN¥2.59 | x |
| 2001-12-31 | CN¥0.45 | CN¥2.59 | x |
| 2002-12-31 | CN¥1.35 | CN¥2.59 | x |
| 2003-12-31 | CN¥1.49 | CN¥2.59 | x |
| 2004-12-31 | CN¥1.62 | CN¥2.59 | x |
| 2005-12-31 | CN¥1.77 | CN¥2.59 | x |
| 2006-12-31 | CN¥0.86 | CN¥2.59 | x |
| 2007-12-31 | CN¥0.88 | CN¥2.59 | x |
| 2008-12-31 | CN¥1.38 | CN¥2.59 | x |
| 2009-12-31 | CN¥1.55 | CN¥2.59 | x |
| 2010-12-31 | CN¥1.38 | CN¥2.59 | x |
| 2011-12-31 | CN¥1.32 | CN¥2.59 | x |
| 2012-12-31 | CN¥1.56 | CN¥2.59 | x |
| 2013-12-31 | CN¥1.58 | CN¥2.59 | x |
| 2014-12-31 | CN¥1.46 | CN¥2.59 | x |
| 2015-12-31 | CN¥3.76 | CN¥2.59 | x |
| 2016-12-31 | CN¥3.85 | CN¥2.59 | x |
| 2017-12-31 | CN¥2.97 | CN¥2.59 | x |
| 2018-12-31 | CN¥3.35 | CN¥2.59 | x |
| 2019-12-31 | CN¥2.93 | CN¥2.59 | x |
| 2020-12-31 | CN¥3.31 | CN¥2.59 | x |
| 2021-12-31 | CN¥3.78 | CN¥2.59 | x |
| 2022-12-31 | CN¥3.84 | CN¥2.59 | x |
| 2023-12-31 | CN¥3.91 | CN¥2.59 | x |
| 2024-12-31 | CN¥3.93 | CN¥2.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tengda Construction Group 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): 0.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.70%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.75x
- Recent ROE (0.42%) is below the historical average (7.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 19.26% | 5.26% | 1.09x | 3.37x | CN¥10.84 Million |
| 2000 | 20.44% | 5.62% | 1.10x | 3.29x | CN¥12.51 Million |
| 2001 | 17.10% | 4.97% | 1.35x | 2.54x | CN¥10.27 Million |
| 2002 | 5.76% | 4.44% | 0.72x | 1.81x | CN¥-18.26 Million |
| 2003 | 9.03% | 4.17% | 1.13x | 1.91x | CN¥-4.60 Million |
| 2004 | 11.35% | 4.91% | 1.19x | 1.94x | CN¥6.99 Million |
| 2005 | 10.99% | 4.50% | 0.76x | 3.23x | CN¥5.54 Million |
| 2006 | 10.77% | 4.26% | 0.74x | 3.40x | CN¥4.30 Million |
| 2007 | 9.08% | 3.25% | 0.83x | 3.36x | CN¥-5.19 Million |
| 2008 | 2.90% | 1.63% | 0.68x | 2.61x | CN¥-72.38 Million |
| 2009 | 3.88% | 2.13% | 0.65x | 2.82x | CN¥-64.90 Million |
| 2010 | 2.17% | 1.55% | 0.46x | 3.05x | CN¥-85.16 Million |
| 2011 | 2.28% | 1.97% | 0.30x | 3.79x | CN¥-84.91 Million |
| 2012 | 1.92% | 1.46% | 0.29x | 4.54x | CN¥-84.65 Million |
| 2013 | 12.67% | 8.15% | 0.33x | 4.65x | CN¥31.79 Million |
| 2014 | 2.05% | 0.82% | 0.51x | 4.84x | CN¥-93.04 Million |
| 2015 | -1.42% | -0.98% | 0.54x | 2.70x | CN¥-230.44 Million |
| 2016 | 1.82% | 2.75% | 0.39x | 1.68x | CN¥-380.41 Million |
| 2017 | 3.03% | 4.00% | 0.33x | 2.32x | CN¥-330.64 Million |
| 2018 | 0.60% | 0.73% | 0.31x | 2.62x | CN¥-403.52 Million |
| 2019 | 14.43% | 15.48% | 0.43x | 2.19x | CN¥207.66 Million |
| 2020 | 11.47% | 10.29% | 0.54x | 2.06x | CN¥77.68 Million |
| 2021 | 13.58% | 11.85% | 0.60x | 1.91x | CN¥216.37 Million |
| 2022 | 1.50% | 1.56% | 0.52x | 1.86x | CN¥-516.24 Million |
| 2023 | 0.76% | 1.16% | 0.36x | 1.80x | CN¥-571.89 Million |
| 2024 | 0.42% | 0.70% | 0.34x | 1.75x | CN¥-597.43 Million |
Industry Comparison
This section compares Tengda Construction Group Co Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $3,180,414,454
- Average return on equity (ROE) among peers: 7.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tengda Construction Group Co Ltd (600512) | CN¥6.31 Billion | 19.26% | 0.69x | $443.86 Million |
| Shenzhen Ecobeauty Co Ltd (000010) | $83.78 Million | 8.82% | 1.77x | $542.14 Million |
| Shenzhen Sed Industry Co Ltd (000032) | $1.81 Billion | 11.82% | 0.43x | $1.21 Billion |
| NORINCO International Cooperation Ltd (000065) | $5.45 Billion | 12.95% | 1.70x | $959.60 Million |
| Shenzhen Tagen Group Co Ltd (000090) | $15.10 Billion | 10.04% | 3.60x | $590.29 Million |
| Shandong Hi-Speed Road&Bridge (000498) | $724.53 Million | 0.08% | 1.12x | $593.30 Million |
| Jinyuan Cement Co Ltd (000546) | $180.30 Million | 2.77% | 1.35x | $309.89 Million |
| ChengDu Hi-Tech Development Co Ltd (000628) | $549.49 Million | 2.66% | 1.64x | $1.19 Billion |
| Gansu Engineering Consulting Group Co Ltd (000779) | $359.90 Million | 10.16% | 0.28x | $308.60 Million |
| Hainan Expressway Co Ltd (000886) | $2.32 Billion | 9.03% | 0.67x | $592.23 Million |
| Sinosteel Engineering and Technology Co Ltd (000928) | $5.22 Billion | 10.25% | 2.51x | $707.52 Million |