Shanghai Shentong Metro Co Ltd (600834) - Net Assets

Latest as of September 2025: CN¥1.81 Billion CNY ≈ $264.20 Million USD

Based on the latest financial reports, Shanghai Shentong Metro Co Ltd (600834) has net assets worth CN¥1.81 Billion CNY (≈ $264.20 Million 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¥2.08 Billion ≈ $304.64 Million USD) and total liabilities (CN¥276.36 Million ≈ $40.44 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 600834 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.81 Billion
% of Total Assets	86.73%
Annual Growth Rate	6.9%
5-Year Change	15.0%
10-Year Change	26.73%
Growth Volatility	15.6

Shanghai Shentong Metro Co Ltd - Net Assets Trend (1994–2024)

This chart illustrates how Shanghai Shentong Metro Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shanghai Shentong Metro Co Ltd asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for Shanghai Shentong Metro Co Ltd (1994–2024)

The table below shows the annual net assets of Shanghai Shentong Metro Co Ltd from 1994 to 2024. For live valuation and market cap data, see Shanghai Shentong Metro Co Ltd stock valuation.

Year	Net Assets	Change
2024-12-31	CN¥1.78 Billion ≈ $260.81 Million	+4.46%
2023-12-31	CN¥1.71 Billion ≈ $249.67 Million	+2.97%
2022-12-31	CN¥1.66 Billion ≈ $242.47 Million	+3.58%
2021-12-31	CN¥1.60 Billion ≈ $234.10 Million	+3.23%
2020-12-31	CN¥1.55 Billion ≈ $226.79 Million	+3.94%
2019-12-31	CN¥1.49 Billion ≈ $218.19 Million	+0.93%
2018-12-31	CN¥1.48 Billion ≈ $216.18 Million	+0.82%
2017-12-31	CN¥1.47 Billion ≈ $214.42 Million	+2.23%
2016-12-31	CN¥1.43 Billion ≈ $209.75 Million	+1.92%
2015-12-31	CN¥1.41 Billion ≈ $205.80 Million	+3.04%
2014-12-31	CN¥1.36 Billion ≈ $199.72 Million	+5.13%
2013-12-31	CN¥1.30 Billion ≈ $189.97 Million	+7.29%
2012-12-31	CN¥1.21 Billion ≈ $177.06 Million	+7.79%
2011-12-31	CN¥1.12 Billion ≈ $164.26 Million	+2.38%
2010-12-31	CN¥1.10 Billion ≈ $160.45 Million	+6.15%
2009-12-31	CN¥1.03 Billion ≈ $151.15 Million	+5.73%
2008-12-31	CN¥976.96 Million ≈ $142.96 Million	+2.96%
2007-12-31	CN¥948.84 Million ≈ $138.84 Million	+9.76%
2006-12-31	CN¥864.50 Million ≈ $126.50 Million	+11.94%
2005-12-31	CN¥772.27 Million ≈ $113.01 Million	+12.01%
2004-12-31	CN¥689.46 Million ≈ $100.89 Million	+4.32%
2003-12-31	CN¥660.93 Million ≈ $96.72 Million	+12.25%
2002-12-31	CN¥588.79 Million ≈ $86.16 Million	+5.74%
2001-12-31	CN¥556.84 Million ≈ $81.48 Million	+16.86%
2000-12-31	CN¥476.48 Million ≈ $69.72 Million	+9.32%
1999-12-31	CN¥435.86 Million ≈ $63.78 Million	+1.56%
1998-12-31	CN¥429.18 Million ≈ $62.80 Million	+3.07%
1997-12-31	CN¥416.40 Million ≈ $60.93 Million	+87.70%
1996-12-31	CN¥221.84 Million ≈ $32.46 Million	+2.75%
1995-12-31	CN¥215.91 Million ≈ $31.59 Million	-10.38%
1994-12-31	CN¥240.92 Million ≈ $35.25 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shanghai Shentong Metro 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 2810.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥970.24 Million	57.19%
Common Stock	CN¥477.38 Million	28.14%
Other Comprehensive Income	CN¥248.97 Million	14.67%
Other Components	CN¥1.00	0.00%
Total Equity	CN¥1.70 Billion	100.00%

Shanghai Shentong Metro Co Ltd Competitors by Market Cap

The table below lists competitors of Shanghai Shentong Metro Co Ltd ranked by their market capitalization.

Company	Market Cap
Jiangsu Jiuwu Hi-Tech Co Ltd SHE:300631	$564.67 Million
Dream Unlimited Corp TO:DRM	$564.67 Million
Regulus Therapeutics Inc NASDAQ:RGLS	$564.95 Million
Zhejiang Zoenn Design Co Ltd SHE:300901	$565.07 Million
Civmec Ltd AU:CVL	$564.33 Million
Hovnanian Enterprises Inc NYSE:HOV	$564.31 Million
Optotech Corp TW:2340	$564.23 Million
Picpay Holdings Netherlands N.V. Class A Common Shares NASDAQ:PICS	$564.22 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 1,681,229,404 to 1,696,593,724, a change of 15,364,320 (0.9%).
Net income of 51,819,000 contributed positively to equity growth.
Dividend payments of 43,786,860 reduced retained earnings.
Other comprehensive income increased equity by 18,644,159.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥51.82 Million	+3.05%
Dividends Paid	CN¥43.79 Million	-2.58%
Other Comprehensive Income	CN¥18.64 Million	+1.1%
Other Changes	CN¥-11.31 Million	-0.67%
Total Change	CN¥-	0.91%

Book Value vs Market Value Analysis

This analysis compares Shanghai Shentong Metro 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: 2.24x
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 16.07x to 2.24x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1994-12-31	CN¥0.50	CN¥8.08	x
1995-12-31	CN¥0.45	CN¥8.08	x
1996-12-31	CN¥0.46	CN¥8.08	x
1997-12-31	CN¥0.87	CN¥8.08	x
1998-12-31	CN¥0.90	CN¥8.08	x
1999-12-31	CN¥0.91	CN¥8.08	x
2000-12-31	CN¥0.99	CN¥8.08	x
2001-12-31	CN¥1.16	CN¥8.08	x
2002-12-31	CN¥1.22	CN¥8.08	x
2003-12-31	CN¥1.38	CN¥8.08	x
2004-12-31	CN¥1.44	CN¥8.08	x
2005-12-31	CN¥1.61	CN¥8.08	x
2006-12-31	CN¥1.79	CN¥8.08	x
2007-12-31	CN¥2.01	CN¥8.08	x
2008-12-31	CN¥2.10	CN¥8.08	x
2009-12-31	CN¥2.12	CN¥8.08	x
2010-12-31	CN¥2.34	CN¥8.08	x
2011-12-31	CN¥2.44	CN¥8.08	x
2012-12-31	CN¥2.54	CN¥8.08	x
2013-12-31	CN¥2.69	CN¥8.08	x
2014-12-31	CN¥2.85	CN¥8.08	x
2015-12-31	CN¥2.85	CN¥8.08	x
2016-12-31	CN¥3.04	CN¥8.08	x
2017-12-31	CN¥3.12	CN¥8.08	x
2018-12-31	CN¥3.11	CN¥8.08	x
2019-12-31	CN¥3.10	CN¥8.08	x
2020-12-31	CN¥3.21	CN¥8.08	x
2021-12-31	CN¥3.32	CN¥8.08	x
2022-12-31	CN¥3.42	CN¥8.08	x
2023-12-31	CN¥3.52	CN¥8.08	x
2024-12-31	CN¥3.60	CN¥8.08	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shanghai Shentong Metro 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): 3.05%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.84%
• Asset Turnover: 0.26x
• Equity Multiplier: 1.33x
Recent ROE (3.05%) is below the historical average (8.87%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1994	13.53%	56.77%	0.23x	1.04x	CN¥8.50 Million
1995	17.55%	52.83%	0.21x	1.62x	CN¥16.31 Million
1996	17.44%	40.39%	0.22x	1.95x	CN¥16.51 Million
1997	11.07%	35.53%	0.26x	1.22x	CN¥4.45 Million
1998	11.10%	40.07%	0.22x	1.26x	CN¥4.70 Million
1999	10.26%	43.23%	0.21x	1.11x	CN¥1.15 Million
2000	11.38%	50.24%	0.18x	1.25x	CN¥6.58 Million
2001	11.82%	23.87%	0.29x	1.71x	CN¥10.10 Million
2002	10.86%	12.34%	0.57x	1.55x	CN¥5.05 Million
2003	11.60%	15.30%	0.47x	1.60x	CN¥10.59 Million
2004	10.43%	12.35%	0.57x	1.47x	CN¥2.98 Million
2005	13.53%	15.35%	0.66x	1.33x	CN¥27.28 Million
2006	13.98%	14.78%	0.79x	1.20x	CN¥34.42 Million
2007	12.95%	14.12%	0.79x	1.16x	CN¥28.02 Million
2008	8.09%	8.96%	0.68x	1.32x	CN¥-18.62 Million
2009	9.91%	12.18%	0.65x	1.25x	CN¥-952.09K
2010	8.54%	11.23%	0.47x	1.62x	CN¥-15.97 Million
2011	4.93%	7.10%	0.45x	1.54x	CN¥-56.93 Million
2012	9.17%	15.43%	0.41x	1.46x	CN¥-9.99 Million
2013	9.29%	16.82%	0.39x	1.42x	CN¥-9.28 Million
2014	7.71%	14.13%	0.36x	1.51x	CN¥-31.31 Million
2015	4.90%	8.91%	0.31x	1.77x	CN¥-71.67 Million
2016	3.62%	6.87%	0.32x	1.63x	CN¥-91.39 Million
2017	3.53%	6.87%	0.29x	1.76x	CN¥-94.86 Million
2018	2.07%	4.08%	0.28x	1.85x	CN¥-117.09 Million
2019	4.60%	10.34%	0.24x	1.87x	CN¥-79.94 Million
2020	4.81%	24.50%	0.11x	1.85x	CN¥-79.59 Million
2021	4.57%	20.77%	0.12x	1.86x	CN¥-85.98 Million
2022	4.47%	21.28%	0.13x	1.60x	CN¥-90.39 Million
2023	4.11%	11.08%	0.25x	1.49x	CN¥-99.09 Million
2024	3.05%	8.84%	0.26x	1.33x	CN¥-117.84 Million

Industry Comparison

This section compares Shanghai Shentong Metro Co Ltd's net assets metrics with peer companies in the Railroads industry.

Industry Context

Industry: Railroads
Average net assets among peers: $1,003,942,129
Average return on equity (ROE) among peers: 8.18%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shanghai Shentong Metro Co Ltd (600834)	CN¥1.81 Billion	13.53%	0.15x	$564.44 Million
China High-Speed Railway Technology (000008)	$161.88 Million	4.69%	0.58x	$1.07 Billion
Nanjing Zhongbei Group Co Ltd (000421)	$264.23 Million	15.10%	0.57x	$532.91 Million
Ningxia Western Venture Industrial Co Ltd (000557)	$-828.52 Million	0.00%	0.00x	$1.00 Billion
Vontron Technology Co Ltd (000920)	$583.83 Million	12.70%	0.57x	$813.31 Million
China Railway Materials Co Ltd (000927)	$3.32 Billion	3.02%	1.22x	$2.49 Billion
HeNan Splendor Science & Technology Co Ltd (002296)	$1.82 Billion	5.72%	0.35x	$669.27 Million
Sichuan Fulin Transportation Group Co Ltd (002357)	$1.39 Billion	4.99%	0.88x	$540.85 Million
Tianjin Keyvia Electric Co Ltd (300407)	$1.81 Billion	5.18%	0.77x	$628.95 Million
Chengdu Yunda Technology Co Ltd (300440)	$1.38 Billion	2.95%	0.85x	$1.20 Billion
Zhejiang Tiantie Industry Co Ltd (300587)	$140.60 Million	27.43%	1.57x	$1.22 Billion

About Shanghai Shentong Metro Co Ltd

SHG:600834 China Railroads

Market Cap

$564.44 Million

CN¥3.86 Billion CNY

Market Cap Rank

#11933 Global

#3669 in China

Share Price

CN¥8.08

Change (1 day)

+0.75%

52-Week Range

CN¥7.73 - CN¥9.45

All Time High

CN¥19.65