China Railway Group Limited Net Assets
China Railway Group Limited net assets. Based on the latest financial reports, China Railway Group Limited (601390) has net assets worth CN¥546.55 Billion CNY (≈ $79.98 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¥2.42 Trillion ≈ $354.79 Billion USD) and total liabilities (CN¥1.88 Trillion ≈ $274.82 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. Also explore how fast is China Railway Group Limited growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥546.55 Billion |
| % of Total Assets | 22.54% |
| Annual Growth Rate | 22.82% |
| 5-Year Change | 50.86% |
| 10-Year Change | 262.43% |
| Growth Volatility | 103.38 |
Net Assets of China Railway Group Limited (2004–2025)
Net assets of China Railway Group Limited from 2004 to 2025. This chart illustrates how China Railway Group Limited's net assets have evolved over time, based on quarterly financial data. See debt-free asset ratio of China Railway Group Limited to measure how much of total assets are equity-financed.
Annual Net Assets for China Railway Group Limited (2004–2025)
The table below shows the annual net assets of China Railway Group Limited from 2004 to 2025. For live market cap and overall valuation, see 601390 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥540.60 Billion ≈ $79.11 Billion |
+5.97% |
| 2024-12-31 | CN¥510.14 Billion ≈ $74.65 Billion |
+10.92% |
| 2023-12-31 | CN¥459.90 Billion ≈ $67.30 Billion |
+8.71% |
| 2022-12-31 | CN¥423.06 Billion ≈ $61.91 Billion |
+18.06% |
| 2021-12-31 | CN¥358.34 Billion ≈ $52.44 Billion |
+14.42% |
| 2020-12-31 | CN¥313.19 Billion ≈ $45.83 Billion |
+27.59% |
| 2019-12-31 | CN¥245.47 Billion ≈ $35.92 Billion |
+10.50% |
| 2018-12-31 | CN¥222.14 Billion ≈ $32.51 Billion |
+30.89% |
| 2017-12-31 | CN¥169.72 Billion ≈ $24.84 Billion |
+13.78% |
| 2016-12-31 | CN¥149.16 Billion ≈ $21.83 Billion |
+7.00% |
| 2015-12-31 | CN¥139.40 Billion ≈ $20.40 Billion |
+27.82% |
| 2014-12-31 | CN¥109.06 Billion ≈ $15.96 Billion |
+12.67% |
| 2013-12-31 | CN¥96.80 Billion ≈ $14.16 Billion |
+9.30% |
| 2012-12-31 | CN¥88.56 Billion ≈ $12.96 Billion |
+8.87% |
| 2011-12-31 | CN¥81.35 Billion ≈ $11.90 Billion |
+10.09% |
| 2010-12-31 | CN¥73.89 Billion ≈ $10.81 Billion |
+11.35% |
| 2009-12-31 | CN¥66.36 Billion ≈ $9.71 Billion |
+8.62% |
| 2008-12-31 | CN¥61.09 Billion ≈ $8.94 Billion |
+3.67% |
| 2007-12-31 | CN¥58.93 Billion ≈ $8.62 Billion |
+497.97% |
| 2006-12-31 | CN¥9.85 Billion ≈ $1.44 Billion |
+17.07% |
| 2005-12-31 | CN¥8.42 Billion ≈ $1.23 Billion |
+16.70% |
| 2004-12-31 | CN¥7.21 Billion ≈ $1.06 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to China Railway Group Limited'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 21313626000000.0% over the analyzed period, indicating profitable operations and earnings retention.
China Railway Group Limited Net Assets Breakdown (December 2025)
China Railway Group Limited net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥213.14 Billion | 57.44% |
| Other Components | CN¥157.93 Billion | 42.56% |
| Total Equity | CN¥371.06 Billion | 100.00% |
China Railway Group Limited Competitors by Market Cap
The table below lists competitors of China Railway Group Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ascendis Pharma AS
F:A71
|
$12.65 Billion |
|
Erie Indemnity Company
NASDAQ:ERIE
|
$12.65 Billion |
|
Nextpower Inc.
NASDAQ:NXT
|
$12.66 Billion |
|
Penumbra Inc
NYSE:PEN
|
$12.66 Billion |
|
QXO, Inc.
NYSE:QXO
|
$12.61 Billion |
|
GAIL (India) Limited
NSE:GAIL
|
$12.59 Billion |
|
Akamai Technologies Inc
NASDAQ:AKAM
|
$12.56 Billion |
|
Sichuan Chuantou Energy Co Ltd
SHG:600674
|
$12.55 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Railway Group Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 354,714,424,000 to 371,062,821,000, a change of 16,348,397,000 (4.6%).
- Net income of 22,891,703,000 contributed positively to equity growth.
- Dividend payments of 24,353,475,000 reduced retained earnings.
- Other factors increased equity by 17,810,169,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥22.89 Billion | +6.17% |
| Dividends Paid | CN¥24.35 Billion | -6.56% |
| Other Changes | CN¥17.81 Billion | +4.8% |
| Total Change | CN¥- | 4.61% |
Book Value vs Market Value Analysis
This analysis compares China Railway Group Limited'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: 0.28x
- 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 15.93x to 0.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CN¥0.27 | CN¥4.25 | x |
| 2005-12-31 | CN¥0.31 | CN¥4.25 | x |
| 2006-12-31 | CN¥0.50 | CN¥4.25 | x |
| 2007-12-31 | CN¥4.12 | CN¥4.25 | x |
| 2008-12-31 | CN¥2.52 | CN¥4.25 | x |
| 2009-12-31 | CN¥2.83 | CN¥4.25 | x |
| 2010-12-31 | CN¥3.12 | CN¥4.25 | x |
| 2011-12-31 | CN¥3.34 | CN¥4.25 | x |
| 2012-12-31 | CN¥3.68 | CN¥4.25 | x |
| 2013-12-31 | CN¥4.07 | CN¥4.25 | x |
| 2014-12-31 | CN¥4.59 | CN¥4.25 | x |
| 2015-12-31 | CN¥5.65 | CN¥4.25 | x |
| 2016-12-31 | CN¥5.80 | CN¥4.25 | x |
| 2017-12-31 | CN¥6.47 | CN¥4.25 | x |
| 2018-12-31 | CN¥8.01 | CN¥4.25 | x |
| 2019-12-31 | CN¥9.51 | CN¥4.25 | x |
| 2020-12-31 | CN¥10.39 | CN¥4.25 | x |
| 2021-12-31 | CN¥11.20 | CN¥4.25 | x |
| 2022-12-31 | CN¥12.26 | CN¥4.25 | x |
| 2023-12-31 | CN¥13.51 | CN¥4.25 | x |
| 2024-12-31 | CN¥14.38 | CN¥4.25 | x |
| 2025-12-31 | CN¥15.03 | CN¥4.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Railway Group Limited 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): 6.17%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.09%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 6.66x
- Recent ROE (6.17%) is below the historical average (9.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 9.90% | 0.38% | 1.06x | 24.23x | CN¥-3.47 Million |
| 2005 | 7.72% | 0.28% | 1.12x | 25.04x | CN¥-94.63 Million |
| 2006 | 24.95% | 1.03% | 1.11x | 21.74x | CN¥986.46 Million |
| 2007 | 5.71% | 1.75% | 0.84x | 3.88x | CN¥-2.38 Billion |
| 2008 | 1.99% | 0.48% | 0.93x | 4.49x | CN¥-4.50 Billion |
| 2009 | 11.30% | 1.99% | 1.11x | 5.12x | CN¥793.00 Million |
| 2010 | 11.22% | 1.58% | 1.22x | 5.83x | CN¥813.28 Million |
| 2011 | 9.29% | 1.45% | 0.98x | 6.51x | CN¥-512.01 Million |
| 2012 | 9.39% | 1.52% | 0.88x | 7.03x | CN¥-481.69 Million |
| 2013 | 10.82% | 1.67% | 0.89x | 7.25x | CN¥711.29 Million |
| 2014 | 10.49% | 1.69% | 0.90x | 6.92x | CN¥487.99 Million |
| 2015 | 9.39% | 1.96% | 0.87x | 5.47x | CN¥-801.02 Million |
| 2016 | 8.91% | 1.94% | 0.85x | 5.38x | CN¥-1.52 Billion |
| 2017 | 10.34% | 2.32% | 0.82x | 5.43x | CN¥528.77 Million |
| 2018 | 8.97% | 2.32% | 0.79x | 4.92x | CN¥-1.98 Billion |
| 2019 | 10.69% | 2.78% | 0.81x | 4.77x | CN¥1.53 Billion |
| 2020 | 9.86% | 2.58% | 0.81x | 4.70x | CN¥-346.69 Million |
| 2021 | 10.03% | 2.57% | 0.79x | 4.95x | CN¥90.52 Million |
| 2022 | 10.38% | 2.71% | 0.72x | 5.36x | CN¥1.15 Billion |
| 2023 | 10.07% | 2.65% | 0.69x | 5.50x | CN¥229.42 Million |
| 2024 | 7.86% | 2.40% | 0.51x | 6.36x | CN¥-7.58 Billion |
| 2025 | 6.17% | 2.09% | 0.44x | 6.66x | CN¥-14.21 Billion |
Industry Comparison
This section compares China Railway Group Limited's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,489,927,895
- Average return on equity (ROE) among peers: 3.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Railway Group Limited (601390) | CN¥546.55 Billion | 9.90% | 3.44x | $12.64 Billion |
| Shenzhen Ecobeauty Co Ltd (000010) | $343.59 Million | 5.13% | 7.56x | $180.01 Million |
| Shenzhen Sed Industry Co Ltd (000032) | $1.49 Billion | 1.46% | 0.85x | $1.95 Billion |
| NORINCO International Cooperation Ltd (000065) | $536.55 Million | 10.55% | 3.36x | $1.65 Billion |
| Shenzhen Tagen Group Co Ltd (000090) | $6.20 Billion | 6.34% | 1.67x | $855.83 Million |
| Shandong Hi-Speed Road&Bridge (000498) | $518.35 Million | -21.04% | 2.07x | $1.42 Billion |
| Jinyuan Cement Co Ltd (000546) | $144.84 Million | 0.00% | 2.91x | $429.00 Million |
| Hunan Investment Group Co Ltd (000548) | $1.20 Billion | 3.50% | 0.35x | $318.50 Million |
| ChengDu Hi-Tech Development Co Ltd (000628) | $197.62 Million | 7.08% | 15.93x | $2.03 Billion |
| Gansu Engineering Consulting Group Co Ltd (000779) | $1.66 Billion | 14.29% | 1.61x | $523.07 Million |
| Hainan Expressway Co Ltd (000886) | $2.61 Billion | 3.53% | 0.14x | $570.10 Million |
About China Railway Group Limited
China Railway Group Limited, together with its subsidiaries, engages in the construction and engineering contractor business in China and internationally. The company operates through six segments: Engineering Construction; Design Consulting; Equipment Manufacturing; Specialty Real Estate; Asset Management; and Resource Utilization. It constructs railways, highways, bridges, tunnels, urban rail t… Read more