Gansu Qilianshan Cement Group Co Ltd (600720) - Net Assets

Latest as of March 2026: CN¥16.37 Billion CNY ≈ $2.40 Billion USD

Based on the latest financial reports, Gansu Qilianshan Cement Group Co Ltd (600720) has net assets worth CN¥16.37 Billion CNY (≈ $2.40 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥29.68 Billion ≈ $4.34 Billion USD) and total liabilities (CN¥13.31 Billion ≈ $1.95 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 Gansu Qilianshan Cement Group Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥16.37 Billion
% of Total Assets	55.16%
Annual Growth Rate	19.79%
5-Year Change	80.24%
10-Year Change	193.92%
Growth Volatility	30.42

Gansu Qilianshan Cement Group Co Ltd - Net Assets Trend (1995–2025)

This chart illustrates how Gansu Qilianshan Cement Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See 600720 defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Gansu Qilianshan Cement Group Co Ltd (1995–2025)

The table below shows the annual net assets of Gansu Qilianshan Cement Group Co Ltd from 1995 to 2025. For live valuation and market cap data, see Gansu Qilianshan Cement Group Co Ltd market cap and net worth.

Year	Net Assets	Change
2025-12-31	CN¥16.31 Billion ≈ $2.39 Billion	+6.16%
2024-12-31	CN¥15.36 Billion ≈ $2.25 Billion	+20.03%
2023-12-31	CN¥12.80 Billion ≈ $1.87 Billion	+35.26%
2022-12-31	CN¥9.46 Billion ≈ $1.38 Billion	+4.59%
2021-12-31	CN¥9.05 Billion ≈ $1.32 Billion	+5.34%
2020-12-31	CN¥8.59 Billion ≈ $1.26 Billion	+14.76%
2019-12-31	CN¥7.48 Billion ≈ $1.10 Billion	+18.26%
2018-12-31	CN¥6.33 Billion ≈ $926.03 Million	+7.22%
2017-12-31	CN¥5.90 Billion ≈ $863.70 Million	+6.39%
2016-12-31	CN¥5.55 Billion ≈ $811.82 Million	-0.26%
2015-12-31	CN¥5.56 Billion ≈ $813.90 Million	+5.80%
2014-12-31	CN¥5.26 Billion ≈ $769.27 Million	+12.36%
2013-12-31	CN¥4.68 Billion ≈ $684.63 Million	+15.16%
2012-12-31	CN¥4.06 Billion ≈ $594.52 Million	+31.80%
2011-12-31	CN¥3.08 Billion ≈ $451.09 Million	+9.06%
2010-12-31	CN¥2.83 Billion ≈ $413.60 Million	+22.26%
2009-12-31	CN¥2.31 Billion ≈ $338.30 Million	+92.84%
2008-12-31	CN¥1.20 Billion ≈ $175.43 Million	+1.16%
2007-12-31	CN¥1.19 Billion ≈ $173.41 Million	+19.18%
2006-12-31	CN¥994.39 Million ≈ $145.51 Million	+1.48%
2005-12-31	CN¥979.91 Million ≈ $143.39 Million	+4.65%
2004-12-31	CN¥936.36 Million ≈ $137.02 Million	+21.27%
2003-12-31	CN¥772.13 Million ≈ $112.99 Million	+16.28%
2002-12-31	CN¥664.03 Million ≈ $97.17 Million	+9.78%
2001-12-31	CN¥604.90 Million ≈ $88.52 Million	+4.03%
2000-12-31	CN¥581.48 Million ≈ $85.09 Million	+49.11%
1999-12-31	CN¥389.96 Million ≈ $57.06 Million	+9.47%
1998-12-31	CN¥356.24 Million ≈ $52.13 Million	+42.74%
1997-12-31	CN¥249.57 Million ≈ $36.52 Million	+36.93%
1996-12-31	CN¥182.26 Million ≈ $26.67 Million	+151.75%
1995-12-31	CN¥72.40 Million ≈ $10.59 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Gansu Qilianshan Cement 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 148250.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥4.99 Billion	31.35%
Other Components	CN¥10.94 Billion	68.65%
Total Equity	CN¥15.93 Billion	100.00%

Gansu Qilianshan Cement Group Co Ltd Competitors by Market Cap

The table below lists competitors of Gansu Qilianshan Cement Group Co Ltd ranked by their market capitalization.

Company	Market Cap
Datang Telecom Technology Co Ltd SHG:600198	$1.84 Billion
Central China Land Media Co Ltd SHE:000719	$1.84 Billion
Innovex International, Inc NYSE:INVX	$1.84 Billion
Lianhe Chemical Technology Co Ltd SHE:002250	$1.84 Billion
Shunsin Technology Holdings Ltd TW:6451	$1.84 Billion
Xi'an Sinofuse Electric Co. Ltd. SHE:301031	$1.84 Billion
Sparebanken Vest OL:SVEG	$1.84 Billion
Hubei Heyuan Gas Co Ltd SHE:002971	$1.84 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Gansu Qilianshan Cement Group Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 15,024,654,959 to 15,931,500,456, a change of 906,845,497 (6.0%).
Net income of 1,455,068,881 contributed positively to equity growth.
Dividend payments of 418,984,866 reduced retained earnings.
Other comprehensive income increased equity by 42,413,767.
Other factors decreased equity by 171,652,286.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥1.46 Billion	+9.13%
Dividends Paid	CN¥418.98 Million	-2.63%
Other Comprehensive Income	CN¥42.41 Million	+0.27%
Other Changes	CN¥-171.65 Million	-1.08%
Total Change	CN¥-	6.04%

Book Value vs Market Value Analysis

This analysis compares Gansu Qilianshan Cement 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: 0.79x
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 40.92x to 0.79x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1995-12-31	CN¥0.13	CN¥5.47	x
1996-12-31	CN¥0.34	CN¥5.47	x
1997-12-31	CN¥0.38	CN¥5.47	x
1998-12-31	CN¥0.57	CN¥5.47	x
1999-12-31	CN¥0.63	CN¥5.47	x
2000-12-31	CN¥0.97	CN¥5.47	x
2001-12-31	CN¥1.01	CN¥5.47	x
2002-12-31	CN¥1.12	CN¥5.47	x
2003-12-31	CN¥1.22	CN¥5.47	x
2004-12-31	CN¥1.59	CN¥5.47	x
2005-12-31	CN¥1.60	CN¥5.47	x
2006-12-31	CN¥1.62	CN¥5.47	x
2007-12-31	CN¥1.64	CN¥5.47	x
2008-12-31	CN¥1.92	CN¥5.47	x
2009-12-31	CN¥3.50	CN¥5.47	x
2010-12-31	CN¥3.87	CN¥5.47	x
2011-12-31	CN¥4.62	CN¥5.47	x
2012-12-31	CN¥5.76	CN¥5.47	x
2013-12-31	CN¥5.39	CN¥5.47	x
2014-12-31	CN¥6.17	CN¥5.47	x
2015-12-31	CN¥6.20	CN¥5.47	x
2016-12-31	CN¥6.28	CN¥5.47	x
2017-12-31	CN¥6.88	CN¥5.47	x
2018-12-31	CN¥7.42	CN¥5.47	x
2019-12-31	CN¥8.76	CN¥5.47	x
2020-12-31	CN¥10.07	CN¥5.47	x
2021-12-31	CN¥10.62	CN¥5.47	x
2022-12-31	CN¥11.14	CN¥5.47	x
2023-12-31	CN¥9.25	CN¥5.47	x
2024-12-31	CN¥7.09	CN¥5.47	x
2025-12-31	CN¥6.94	CN¥5.47	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Gansu Qilianshan Cement 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): 9.13%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 13.16%
• Asset Turnover: 0.36x
• Equity Multiplier: 1.93x
Recent ROE (9.13%) is below the historical average (10.38%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1995	14.86%	7.21%	0.87x	2.36x	CN¥3.52 Million
1996	14.00%	15.20%	0.54x	1.69x	CN¥7.29 Million
1997	9.36%	9.16%	0.50x	2.04x	CN¥-1.32 Million
1998	7.23%	10.03%	0.41x	1.76x	CN¥-8.63 Million
1999	11.82%	16.63%	0.42x	1.70x	CN¥6.25 Million
2000	10.43%	20.01%	0.34x	1.54x	CN¥2.28 Million
2001	9.41%	19.32%	0.27x	1.78x	CN¥-3.24 Million
2002	6.89%	10.91%	0.33x	1.91x	CN¥-18.89 Million
2003	5.98%	8.58%	0.29x	2.39x	CN¥-26.63 Million
2004	3.18%	3.85%	0.38x	2.18x	CN¥-58.61 Million
2005	0.67%	0.76%	0.35x	2.53x	CN¥-80.97 Million
2006	0.80%	0.69%	0.41x	2.78x	CN¥-80.69 Million
2007	0.61%	0.44%	0.43x	3.21x	CN¥-85.61 Million
2008	16.66%	9.68%	0.55x	3.14x	CN¥70.54 Million
2009	19.31%	16.60%	0.53x	2.19x	CN¥196.74 Million
2010	19.15%	16.45%	0.46x	2.54x	CN¥234.72 Million
2011	11.66%	9.17%	0.42x	3.06x	CN¥47.29 Million
2012	4.68%	4.09%	0.42x	2.73x	CN¥-196.88 Million
2013	11.50%	8.22%	0.53x	2.63x	CN¥62.48 Million
2014	11.73%	9.14%	0.57x	2.26x	CN¥82.83 Million
2015	3.73%	3.70%	0.45x	2.25x	CN¥-301.71 Million
2016	3.42%	3.26%	0.48x	2.19x	CN¥-320.83 Million
2017	10.76%	9.63%	0.59x	1.90x	CN¥40.83 Million
2018	11.37%	11.34%	0.60x	1.68x	CN¥79.01 Million
2019	18.14%	17.81%	0.65x	1.57x	CN¥553.90 Million
2020	18.39%	18.40%	0.71x	1.41x	CN¥655.56 Million
2021	11.50%	12.35%	0.66x	1.41x	CN¥123.44 Million
2022	19.57%	12.82%	1.13x	1.35x	CN¥828.77 Million
2023	14.14%	13.07%	0.49x	2.20x	CN¥516.85 Million
2024	11.66%	14.08%	0.40x	2.05x	CN¥248.73 Million
2025	9.13%	13.16%	0.36x	1.93x	CN¥-138.08 Million

Industry Comparison

This section compares Gansu Qilianshan Cement 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: $1,273,657,918
Average return on equity (ROE) among peers: -63.53%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Gansu Qilianshan Cement Group Co Ltd (600720)	CN¥16.37 Billion	14.86%	0.81x	$1.84 Billion
Shenzhen Ecobeauty Co Ltd (000010)	$896.43 Million	-59.77%	3.04x	$353.28 Million
Shenzhen Sed Industry Co Ltd (000032)	$268.84 Million	11.24%	2.13x	$4.07 Billion
NORINCO International Cooperation Ltd (000065)	$6.23 Billion	12.07%	1.90x	$2.10 Billion
Shenzhen Tagen Group Co Ltd (000090)	$994.69 Million	9.76%	2.02x	$970.67 Million
Shandong Hi-Speed Road&Bridge (000498)	$58.67 Million	-627.04%	25.37x	$1.15 Billion
Jinyuan Cement Co Ltd (000546)	$180.30 Million	2.77%	1.35x	$615.63 Million
Hunan Investment Group Co Ltd (000548)	$1.86 Billion	1.90%	0.80x	$327.27 Million
ChengDu Hi-Tech Development Co Ltd (000628)	$176.21 Million	0.00%	1.34x	$2.76 Billion
Gansu Engineering Consulting Group Co Ltd (000779)	$303.42 Million	1.73%	0.71x	$525.79 Million
Hainan Expressway Co Ltd (000886)	$1.77 Billion	12.00%	0.72x	$632.32 Million

About Gansu Qilianshan Cement Group Co Ltd

SHG:600720 China Engineering & Construction

Market Cap

$1.84 Billion

CN¥12.55 Billion CNY

Market Cap Rank

#6598 Global

#1441 in China

Share Price

CN¥5.47

Change (1 day)

-2.84%

52-Week Range

CN¥5.47 - CN¥9.00

All Time High

CN¥20.20