China Railway Group Limited (601390) - Net Assets

Latest as of September 2025: CN¥475.57 Billion CNY ≈ $69.59 Billion USD

Based on the latest financial reports, China Railway Group Limited (601390) has net assets worth CN¥475.57 Billion CNY (≈ $69.59 Billion 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¥2.40 Trillion ≈ $351.15 Billion USD) and total liabilities (CN¥1.92 Trillion ≈ $281.56 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 China Railway Group Limited liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥475.57 Billion
% of Total Assets 19.82%
Annual Growth Rate 23.73%
5-Year Change 62.88%
10-Year Change 265.95%
Growth Volatility 105.69

China Railway Group Limited - Net Assets Trend (2004–2024)

This chart illustrates how China Railway Group Limited's net assets have evolved over time, based on quarterly financial data. Also explore China Railway Group Limited (601390) total assets for the complete picture of this company's asset base.

Annual Net Assets for China Railway Group Limited (2004–2024)

The table below shows the annual net assets of China Railway Group Limited from 2004 to 2024. For live valuation and market cap data, see market cap of China Railway Group Limited.

Year Net Assets Change
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		 --

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 20097449900000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥200.97 Billion 56.66%
Common Stock CN¥24.74 Billion 6.98%
Other Components CN¥129.00 Billion 36.37%
Total Equity CN¥354.71 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
AB Volvo (publ)
ST:VOLV-A
 $15.24 Billion
Toast Inc
NYSE:TOST
 $15.25 Billion
Nippon Sanso Holdings Corp.
NYSE:NPXYY
 $15.25 Billion
VODACOM GROUP LTD. SP.ADR
F:5VD0
 $15.26 Billion
Posco Chemical Co Ltd
KO:003670
 $15.19 Billion
Han'S Laser Tech A
SHE:002008
 $15.17 Billion
HAIER SM.HME UNSP.ADR/4
F:HAI0
 $15.17 Billion
Banco Santander Chile
SN:BSANTANDER
 $15.16 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 2023 to 2024, total equity changed from 332,533,508,000 to 354,714,424,000, a change of 22,180,916,000 (6.7%).
  • Net income of 27,886,745,000 contributed positively to equity growth.
  • Dividend payments of 21,919,053,000 reduced retained earnings.
  • Other factors increased equity by 16,213,224,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥27.89 Billion +7.86%
Dividends Paid CN¥21.92 Billion -6.18%
Other Changes CN¥16.21 Billion +4.57%
Total Change CN¥- 6.67%

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: 0.35x
  • 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 19.05x to 0.35x 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¥5.08 x
2005-12-31 CN¥0.31 CN¥5.08 x
2006-12-31 CN¥0.50 CN¥5.08 x
2007-12-31 CN¥4.12 CN¥5.08 x
2008-12-31 CN¥2.52 CN¥5.08 x
2009-12-31 CN¥2.83 CN¥5.08 x
2010-12-31 CN¥3.12 CN¥5.08 x
2011-12-31 CN¥3.34 CN¥5.08 x
2012-12-31 CN¥3.68 CN¥5.08 x
2013-12-31 CN¥4.07 CN¥5.08 x
2014-12-31 CN¥4.59 CN¥5.08 x
2015-12-31 CN¥5.65 CN¥5.08 x
2016-12-31 CN¥5.80 CN¥5.08 x
2017-12-31 CN¥6.47 CN¥5.08 x
2018-12-31 CN¥8.01 CN¥5.08 x
2019-12-31 CN¥9.51 CN¥5.08 x
2020-12-31 CN¥10.39 CN¥5.08 x
2021-12-31 CN¥11.20 CN¥5.08 x
2022-12-31 CN¥12.26 CN¥5.08 x
2023-12-31 CN¥13.51 CN¥5.08 x
2024-12-31 CN¥14.38 CN¥5.08 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): 7.86%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 2.40%
  • • Asset Turnover: 0.51x
  • • Equity Multiplier: 6.36x
  • Recent ROE (7.86%) is below the historical average (9.97%), 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

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: $3,463,807,177
  • Average return on equity (ROE) among peers: -7.32%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
China Railway Group Limited (601390) CN¥475.57 Billion 9.90% 4.05x $15.22 Billion
Shenzhen Ecobeauty Co Ltd (000010) $141.82 Million 9.21% 1.39x $486.19 Million
Shenzhen Sed Industry Co Ltd (000032) $869.50 Million 3.13% 0.81x $3.08 Billion
NORINCO International Cooperation Ltd (000065) $536.55 Million 10.55% 3.36x $2.17 Billion
Shenzhen Tagen Group Co Ltd (000090) $15.02 Billion 4.13% 3.25x $962.46 Million
Shandong Hi-Speed Road&Bridge (000498) $12.89 Billion 10.38% 3.27x $1.26 Billion
Jinyuan Cement Co Ltd (000546) $175.97 Million 11.17% 1.41x $878.49 Million
Hunan Investment Group Co Ltd (000548) $1.50 Billion 0.71% 0.30x $389.36 Million
ChengDu Hi-Tech Development Co Ltd (000628) $419.24 Million -38.00% 3.15x $3.41 Billion
Gansu Engineering Consulting Group Co Ltd (000779) $413.25 Million -88.03% 0.77x $602.65 Million
Hainan Expressway Co Ltd (000886) $2.66 Billion 3.54% 0.19x $800.17 Million

About China Railway Group Limited

SHG:601390 China Engineering & Construction
Market Cap
$15.22 Billion
CN¥104.03 Billion CNY
Market Cap Rank
#1591 Global
#168 in China
Share Price
CN¥5.08
Change (1 day)
-3.05%
52-Week Range
CN¥5.08 - CN¥6.30
All Time High
CN¥11.10
Categories
Companies in China Engineering & Construction
About

China Railway Group Limited, together with its subsidiaries, operates as a multi-functional integrated construction company in Mainland China and internationally. It operates through Infrastructure Construction; Survey, Design and Consulting Services; Engineering Equipment and Component Manufacturing; Property Development; and Other Businesses. The Infrastructure Construction segment constructs r… Read more