Tengda Construction Group Co Ltd (600512) - Net Assets
Based on the latest financial reports, Tengda Construction Group Co Ltd (600512) has net assets worth CN¥6.20 Billion CNY (≈ $906.90 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥10.69 Billion ≈ $1.56 Billion USD) and total liabilities (CN¥4.50 Billion ≈ $657.82 Million 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 600512 strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥6.20 Billion |
| % of Total Assets | 57.96% |
| Annual Growth Rate | 16.4% |
| 5-Year Change | 4.32% |
| 10-Year Change | 34.45% |
| Growth Volatility | 46.5 |
Tengda Construction Group Co Ltd - Net Assets Trend (1999–2025)
This chart illustrates how Tengda Construction Group Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Tengda Construction Group Co Ltd.
Annual Net Assets for Tengda Construction Group Co Ltd (1999–2025)
The table below shows the annual net assets of Tengda Construction Group Co Ltd from 1999 to 2025. Also explore 600512 shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥6.17 Billion ≈ $903.51 Million |
-1.35% |
| 2024-12-31 | CN¥6.26 Billion ≈ $915.85 Million |
+2.10% |
| 2023-12-31 | CN¥6.13 Billion ≈ $897.03 Million |
+1.77% |
| 2022-12-31 | CN¥6.02 Billion ≈ $881.45 Million |
+1.77% |
| 2021-12-31 | CN¥5.92 Billion ≈ $866.10 Million |
+14.48% |
| 2020-12-31 | CN¥5.17 Billion ≈ $756.56 Million |
+12.53% |
| 2019-12-31 | CN¥4.59 Billion ≈ $672.34 Million |
+4.16% |
| 2018-12-31 | CN¥4.41 Billion ≈ $645.48 Million |
-11.61% |
| 2017-12-31 | CN¥4.99 Billion ≈ $730.28 Million |
+8.67% |
| 2016-12-31 | CN¥4.59 Billion ≈ $672.03 Million |
+131.30% |
| 2015-12-31 | CN¥1.99 Billion ≈ $290.55 Million |
+69.52% |
| 2014-12-31 | CN¥1.17 Billion ≈ $171.39 Million |
-2.97% |
| 2013-12-31 | CN¥1.21 Billion ≈ $176.64 Million |
+13.17% |
| 2012-12-31 | CN¥1.07 Billion ≈ $156.08 Million |
-5.41% |
| 2011-12-31 | CN¥1.13 Billion ≈ $165.01 Million |
+0.69% |
| 2010-12-31 | CN¥1.12 Billion ≈ $163.87 Million |
+3.17% |
| 2009-12-31 | CN¥1.09 Billion ≈ $158.85 Million |
+3.79% |
| 2008-12-31 | CN¥1.05 Billion ≈ $153.04 Million |
+85.01% |
| 2007-12-31 | CN¥565.30 Million ≈ $82.72 Million |
+1.05% |
| 2006-12-31 | CN¥559.41 Million ≈ $81.86 Million |
-0.80% |
| 2005-12-31 | CN¥563.95 Million ≈ $82.52 Million |
+8.83% |
| 2004-12-31 | CN¥518.19 Million ≈ $75.83 Million |
+8.97% |
| 2003-12-31 | CN¥475.53 Million ≈ $69.59 Million |
+9.88% |
| 2002-12-31 | CN¥432.79 Million ≈ $63.33 Million |
+195.46% |
| 2001-12-31 | CN¥146.48 Million ≈ $21.43 Million |
+20.29% |
| 2000-12-31 | CN¥121.77 Million ≈ $17.82 Million |
+2.25% |
| 1999-12-31 | CN¥119.09 Million ≈ $17.43 Million |
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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 195922851494.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.96 Billion | 31.85% |
| Other Components | CN¥4.19 Billion | 68.15% |
| Total Equity | CN¥6.15 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 |
|---|---|
|
SKS Technologies Group Ltd
AU:SKS
|
$480.89 Million |
|
Hyster-Yale Materials Handling Inc
NYSE:HY
|
$481.01 Million |
|
TFE Co. Ltd.
KQ:425420
|
$481.08 Million |
|
Doright Co.Ltd.
SHE:300950
|
$481.14 Million |
|
Tianjin Jieqiang Power Equipment Co
SHE:300875
|
$480.78 Million |
|
Jiangsu Fasten Co Ltd
SHE:000890
|
$480.66 Million |
|
RADIANCE HLDGS GRP.HD-01
F:RDH
|
$480.63 Million |
|
Advanced Ceramic X
TWO:3152
|
$480.54 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 2024 to 2025, total equity changed from 6,234,248,346 to 6,150,469,120, a change of -83,779,226 (-1.3%).
- Net income of 30,735,180 contributed positively to equity growth.
- Dividend payments of 32,188,465 reduced retained earnings.
- Other factors decreased equity by 82,325,941.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥30.74 Million | +0.5% |
| Dividends Paid | CN¥32.19 Million | -0.52% |
| Other Changes | CN¥-82.33 Million | -1.34% |
| Total Change | CN¥- | -1.34% |
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: 0.54x
- 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 5.62x to 0.54x 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¥2.07 | x |
| 2000-12-31 | CN¥0.38 | CN¥2.07 | x |
| 2001-12-31 | CN¥0.45 | CN¥2.07 | x |
| 2002-12-31 | CN¥1.35 | CN¥2.07 | x |
| 2003-12-31 | CN¥1.49 | CN¥2.07 | x |
| 2004-12-31 | CN¥1.62 | CN¥2.07 | x |
| 2005-12-31 | CN¥1.77 | CN¥2.07 | x |
| 2006-12-31 | CN¥0.86 | CN¥2.07 | x |
| 2007-12-31 | CN¥0.88 | CN¥2.07 | x |
| 2008-12-31 | CN¥1.38 | CN¥2.07 | x |
| 2009-12-31 | CN¥1.55 | CN¥2.07 | x |
| 2010-12-31 | CN¥1.38 | CN¥2.07 | x |
| 2011-12-31 | CN¥1.32 | CN¥2.07 | x |
| 2012-12-31 | CN¥1.56 | CN¥2.07 | x |
| 2013-12-31 | CN¥1.58 | CN¥2.07 | x |
| 2014-12-31 | CN¥1.46 | CN¥2.07 | x |
| 2015-12-31 | CN¥2.11 | CN¥2.07 | x |
| 2016-12-31 | CN¥3.85 | CN¥2.07 | x |
| 2017-12-31 | CN¥2.97 | CN¥2.07 | x |
| 2018-12-31 | CN¥3.35 | CN¥2.07 | x |
| 2019-12-31 | CN¥2.95 | CN¥2.07 | x |
| 2020-12-31 | CN¥3.31 | CN¥2.07 | x |
| 2021-12-31 | CN¥3.75 | CN¥2.07 | x |
| 2022-12-31 | CN¥3.68 | CN¥2.07 | x |
| 2023-12-31 | CN¥3.94 | CN¥2.07 | x |
| 2024-12-31 | CN¥3.93 | CN¥2.07 | x |
| 2025-12-31 | CN¥3.86 | CN¥2.07 | 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): 0.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.63%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.76x
- Recent ROE (0.50%) is below the historical average (6.87%), 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 | 5.72% | 7.55% | 0.33x | 2.32x | CN¥-203.04 Million |
| 2018 | 0.60% | 0.73% | 0.31x | 2.62x | CN¥-403.52 Million |
| 2019 | 10.16% | 10.89% | 0.43x | 2.19x | CN¥7.28 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 | 0.27% | 0.28% | 0.52x | 1.86x | CN¥-590.56 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 |
| 2025 | 0.50% | 0.63% | 0.45x | 1.76x | CN¥-584.31 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: $4,217,274,030
- Average return on equity (ROE) among peers: 3.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tengda Construction Group Co Ltd (600512) | CN¥6.20 Billion | 19.26% | 0.73x | $480.83 Million |
| Shenzhen Ecobeauty Co Ltd (000010) | $93.42 Million | 5.37% | 1.55x | $264.12 Million |
| Shenzhen Sed Industry Co Ltd (000032) | $823.36 Million | 10.59% | 1.23x | $2.58 Billion |
| NORINCO International Cooperation Ltd (000065) | $513.50 Million | 2.74% | 1.86x | $1.71 Billion |
| Shenzhen Tagen Group Co Ltd (000090) | $1.81 Billion | 6.18% | 1.19x | $984.34 Million |
| Shandong Hi-Speed Road&Bridge (000498) | $32.67 Billion | 7.00% | 3.27x | $1.16 Billion |
| Jinyuan Cement Co Ltd (000546) | $1.71 Billion | 7.57% | 1.39x | $506.39 Million |
| Hunan Investment Group Co Ltd (000548) | $436.88 Million | -21.31% | 1.34x | $338.96 Million |
| ChengDu Hi-Tech Development Co Ltd (000628) | $1.69 Billion | 14.25% | 3.93x | $3.10 Billion |
| Gansu Engineering Consulting Group Co Ltd (000779) | $218.83 Million | 6.01% | 2.28x | $620.33 Million |
| Hainan Expressway Co Ltd (000886) | $2.20 Billion | 0.56% | 1.33x | $681.52 Million |
About 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, highways, bridges, and other infrastructure, as well as buildings. It is also involved in the real estate development business. The company was founded in 1972 and is based in Taizhou, China.