Sichuan Expressway Co Ltd (601107) - Net Assets
Based on the latest financial reports, Sichuan Expressway Co Ltd (601107) has net assets worth CN¥21.25 Billion CNY (≈ $3.11 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥63.71 Billion ≈ $9.32 Billion USD) and total liabilities (CN¥42.46 Billion ≈ $6.21 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 financial resilience of Sichuan Expressway Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥21.25 Billion |
| % of Total Assets | 33.35% |
| Annual Growth Rate | 6.44% |
| 5-Year Change | 15.18% |
| 10-Year Change | 53.04% |
| Growth Volatility | 7.24 |
Sichuan Expressway Co Ltd - Net Assets Trend (2002–2025)
This chart illustrates how Sichuan Expressway Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Sichuan Expressway Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Sichuan Expressway Co Ltd (2002–2025)
The table below shows the annual net assets of Sichuan Expressway Co Ltd from 2002 to 2025. For live valuation and market cap data, see Sichuan Expressway Co Ltd (601107) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥21.25 Billion ≈ $3.11 Billion |
+8.99% |
| 2024-12-31 | CN¥19.50 Billion ≈ $2.85 Billion |
+16.93% |
| 2023-12-31 | CN¥16.67 Billion ≈ $2.44 Billion |
-10.94% |
| 2022-12-31 | CN¥18.72 Billion ≈ $2.74 Billion |
+1.48% |
| 2021-12-31 | CN¥18.45 Billion ≈ $2.70 Billion |
+11.58% |
| 2020-12-31 | CN¥16.53 Billion ≈ $2.42 Billion |
+2.37% |
| 2019-12-31 | CN¥16.15 Billion ≈ $2.36 Billion |
+8.51% |
| 2018-12-31 | CN¥14.88 Billion ≈ $2.18 Billion |
+4.20% |
| 2017-12-31 | CN¥14.28 Billion ≈ $2.09 Billion |
+2.89% |
| 2016-12-31 | CN¥13.88 Billion ≈ $2.03 Billion |
+4.42% |
| 2015-12-31 | CN¥13.30 Billion ≈ $1.95 Billion |
+7.51% |
| 2014-12-31 | CN¥12.37 Billion ≈ $1.81 Billion |
+7.26% |
| 2013-12-31 | CN¥11.53 Billion ≈ $1.69 Billion |
+10.38% |
| 2012-12-31 | CN¥10.45 Billion ≈ $1.53 Billion |
+9.88% |
| 2011-12-31 | CN¥9.51 Billion ≈ $1.39 Billion |
+12.86% |
| 2010-12-31 | CN¥8.42 Billion ≈ $1.23 Billion |
+13.14% |
| 2009-12-31 | CN¥7.45 Billion ≈ $1.09 Billion |
+26.13% |
| 2008-12-31 | CN¥5.90 Billion ≈ $863.80 Million |
+10.12% |
| 2007-12-31 | CN¥5.36 Billion ≈ $784.45 Million |
+5.78% |
| 2006-12-31 | CN¥5.07 Billion ≈ $741.61 Million |
-2.71% |
| 2005-12-31 | CN¥5.21 Billion ≈ $762.30 Million |
+2.50% |
| 2004-12-31 | CN¥5.08 Billion ≈ $743.67 Million |
+0.32% |
| 2003-12-31 | CN¥5.07 Billion ≈ $741.29 Million |
+0.14% |
| 2002-12-31 | CN¥5.06 Billion ≈ $740.22 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sichuan 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 2647.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.46 Billion | 27.11% |
| Other Components | CN¥14.69 Billion | 72.89% |
| Total Equity | CN¥20.15 Billion | 100.00% |
Sichuan Expressway Co Ltd Competitors by Market Cap
The table below lists competitors of Sichuan Expressway Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anhui Jinhe Industrial Co Ltd
SHE:002597
|
$1.94 Billion |
|
Westone Information Industry Inc
SHE:002268
|
$1.94 Billion |
|
Hammond Power Solutions Inc
TO:HPS-A
|
$1.94 Billion |
|
Shanghai Bailian Group Co Ltd A
SHG:600827
|
$1.94 Billion |
|
First Advantage Corp
NASDAQ:FA
|
$1.94 Billion |
|
Gränges AB (publ)
ST:GRNG
|
$1.94 Billion |
|
Thai President Foods Public Company Limited
BK:TFMAMA
|
$1.94 Billion |
|
Hamilton Insurance Group, Ltd.
NYSE:HG
|
$1.94 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sichuan Expressway Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 18,404,171,806 to 20,151,458,589, a change of 1,747,286,783 (9.5%).
- Net income of 1,513,154,962 contributed positively to equity growth.
- Dividend payments of 2,076,128,538 reduced retained earnings.
- Other comprehensive income decreased equity by 7,810,187,299.
- Other factors increased equity by 10,120,447,658.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.51 Billion | +7.51% |
| Dividends Paid | CN¥2.08 Billion | -10.3% |
| Other Comprehensive Income | CN¥-7.81 Billion | -38.76% |
| Other Changes | CN¥10.12 Billion | +50.22% |
| Total Change | CN¥- | 9.49% |
Book Value vs Market Value Analysis
This analysis compares Sichuan 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: 0.93x
- 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 3.41x to 0.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | CN¥1.80 | CN¥6.13 | x |
| 2003-12-31 | CN¥1.85 | CN¥6.13 | x |
| 2004-12-31 | CN¥1.90 | CN¥6.13 | x |
| 2005-12-31 | CN¥1.96 | CN¥6.13 | x |
| 2006-12-31 | CN¥1.94 | CN¥6.13 | x |
| 2007-12-31 | CN¥2.06 | CN¥6.13 | x |
| 2008-12-31 | CN¥2.27 | CN¥6.13 | x |
| 2009-12-31 | CN¥2.65 | CN¥6.13 | x |
| 2010-12-31 | CN¥2.72 | CN¥6.13 | x |
| 2011-12-31 | CN¥3.06 | CN¥6.13 | x |
| 2012-12-31 | CN¥3.35 | CN¥6.13 | x |
| 2013-12-31 | CN¥3.60 | CN¥6.13 | x |
| 2014-12-31 | CN¥3.85 | CN¥6.13 | x |
| 2015-12-31 | CN¥4.09 | CN¥6.13 | x |
| 2016-12-31 | CN¥4.36 | CN¥6.13 | x |
| 2017-12-31 | CN¥4.54 | CN¥6.13 | x |
| 2018-12-31 | CN¥4.74 | CN¥6.13 | x |
| 2019-12-31 | CN¥4.99 | CN¥6.13 | x |
| 2020-12-31 | CN¥5.08 | CN¥6.13 | x |
| 2021-12-31 | CN¥5.68 | CN¥6.13 | x |
| 2022-12-31 | CN¥3.49 | CN¥6.13 | x |
| 2023-12-31 | CN¥3.07 | CN¥6.13 | x |
| 2024-12-31 | CN¥3.61 | CN¥6.13 | x |
| 2025-12-31 | CN¥6.59 | CN¥6.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sichuan 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): 7.51%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.28%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 3.16x
- Recent ROE (7.51%) is below the historical average (7.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 4.38% | 25.49% | 0.10x | 1.75x | CN¥-258.70 Million |
| 2003 | 4.27% | 21.54% | 0.12x | 1.68x | CN¥-271.00 Million |
| 2004 | 4.44% | 24.37% | 0.11x | 1.62x | CN¥-270.41 Million |
| 2005 | 5.04% | 26.50% | 0.12x | 1.54x | CN¥-248.47 Million |
| 2006 | 6.24% | 30.53% | 0.13x | 1.52x | CN¥-186.56 Million |
| 2007 | 9.42% | 32.54% | 0.20x | 1.45x | CN¥-30.30 Million |
| 2008 | 9.38% | 29.23% | 0.23x | 1.38x | CN¥-35.87 Million |
| 2009 | 11.27% | 38.74% | 0.20x | 1.44x | CN¥93.27 Million |
| 2010 | 13.77% | 43.45% | 0.22x | 1.43x | CN¥313.31 Million |
| 2011 | 13.96% | 34.26% | 0.23x | 1.80x | CN¥369.65 Million |
| 2012 | 11.52% | 28.05% | 0.22x | 1.89x | CN¥155.61 Million |
| 2013 | 9.18% | 14.16% | 0.30x | 2.18x | CN¥-90.17 Million |
| 2014 | 8.24% | 11.68% | 0.29x | 2.45x | CN¥-207.39 Million |
| 2015 | 7.95% | 10.36% | 0.29x | 2.68x | CN¥-256.25 Million |
| 2016 | 7.86% | 17.51% | 0.16x | 2.73x | CN¥-285.25 Million |
| 2017 | 6.39% | 13.77% | 0.19x | 2.47x | CN¥-500.97 Million |
| 2018 | 5.86% | 14.23% | 0.16x | 2.50x | CN¥-599.96 Million |
| 2019 | 7.09% | 16.90% | 0.17x | 2.47x | CN¥-444.81 Million |
| 2020 | 4.34% | 12.36% | 0.13x | 2.60x | CN¥-878.98 Million |
| 2021 | 10.76% | 20.54% | 0.22x | 2.35x | CN¥132.09 Million |
| 2022 | 3.51% | 5.90% | 0.26x | 2.26x | CN¥-1.16 Billion |
| 2023 | 7.57% | 10.19% | 0.20x | 3.68x | CN¥-380.35 Million |
| 2024 | 7.93% | 14.08% | 0.17x | 3.32x | CN¥-381.50 Million |
| 2025 | 7.51% | 17.28% | 0.14x | 3.16x | CN¥-501.99 Million |
Industry Comparison
This section compares Sichuan 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: $8,672,360,734
- Average return on equity (ROE) among peers: 10.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sichuan Expressway Co Ltd (601107) | CN¥21.25 Billion | 4.38% | 2.00x | $1.94 Billion |
| Guangdong Provincial Expressway Development Co Ltd (000429) | $10.23 Billion | 8.48% | 0.93x | $3.21 Billion |
| Shanxi Sanwei Group Co Ltd (000755) | $600.83 Million | 10.26% | 0.47x | $1.08 Billion |
| Dongguan Development Holdings Co Ltd (000828) | $6.57 Billion | 16.08% | 0.68x | $1.58 Billion |
| City Development Environment Co Ltd (000885) | $2.01 Billion | 29.97% | 3.03x | $1.33 Billion |
| Xiandai Investment Co Ltd (000900) | $2.64 Billion | 4.14% | 1.04x | $937.29 Million |
| Merchant Express Class A (001965) | $46.36 Billion | 7.27% | 0.41x | $9.35 Billion |
| Shandong Sunway Petrochemical Engineering Co Ltd (002469) | $1.27 Billion | 0.93% | 0.20x | $682.68 Million |
| Xinjiang Communications Construction Group Co Ltd Class A (002941) | $3.84 Billion | 2.98% | 2.80x | $1.48 Billion |
| Guangdong Provincial Expressway Development Co Ltd (200429) | $9.45 Billion | 15.97% | 0.75x | $402.45 Million |
| Anhui Expressway Co Ltd (600012) | $3.74 Billion | 6.90% | 0.35x | $2.67 Billion |
About Sichuan Expressway Co Ltd
Sichuan Expressway Company Limited, together with its subsidiaries, engages in the investment, construction, operation, and management of expressway projects in Sichuan Province, the People's Republic of China. It operates through six segments: Expressway, Construction Services, Transportation Services, Transportation Logistics, New Energy Technologies, and Others. The Expressways segment is invo… Read more