China Railway Group Limited (601390) - Net Assets

Latest as of March 2026: CN¥546.55 Billion CNY ≈ $79.98 Billion USD

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. Check China Railway Group Limited 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¥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

China Railway Group Limited - Net Assets Trend (2004–2025)

This chart illustrates how China Railway Group Limited's net assets have evolved over time, based on quarterly financial data. See China Railway Group Limited defensive interval ratio to measure how many days the company can operate on defensive assets alone.

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 valuation and market cap data, see market cap of China Railway Group Limited.

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	--

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.

Current Equity Component Breakdown (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
SK Telecom Co Ltd ADR NYSE:SKM	$13.71 Billion
China Energy Engineering Corp Ltd SHG:601868	$13.72 Billion
Deckers Outdoor Corporation NYSE:DECK	$13.72 Billion
Muthoot Finance Limited NSE:MUTHOOTFIN	$13.75 Billion
PTC Inc NASDAQ:PTC	$13.65 Billion
IES Holdings Inc NASDAQ:IESC	$13.65 Billion
Rocket Companies Inc NYSE:RKT	$13.65 Billion
CVC Capital Partners PLC AS:CVC	$13.65 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: 0.30x
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 17.13x to 0.30x 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¥4.57	x
2005-12-31	CN¥0.31	CN¥4.57	x
2006-12-31	CN¥0.50	CN¥4.57	x
2007-12-31	CN¥4.12	CN¥4.57	x
2008-12-31	CN¥2.52	CN¥4.57	x
2009-12-31	CN¥2.83	CN¥4.57	x
2010-12-31	CN¥3.12	CN¥4.57	x
2011-12-31	CN¥3.34	CN¥4.57	x
2012-12-31	CN¥3.68	CN¥4.57	x
2013-12-31	CN¥4.07	CN¥4.57	x
2014-12-31	CN¥4.59	CN¥4.57	x
2015-12-31	CN¥5.65	CN¥4.57	x
2016-12-31	CN¥5.80	CN¥4.57	x
2017-12-31	CN¥6.47	CN¥4.57	x
2018-12-31	CN¥8.01	CN¥4.57	x
2019-12-31	CN¥9.51	CN¥4.57	x
2020-12-31	CN¥10.39	CN¥4.57	x
2021-12-31	CN¥11.20	CN¥4.57	x
2022-12-31	CN¥12.26	CN¥4.57	x
2023-12-31	CN¥13.51	CN¥4.57	x
2024-12-31	CN¥14.38	CN¥4.57	x
2025-12-31	CN¥15.03	CN¥4.57	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: $1,273,657,918
Average return on equity (ROE) among peers: -63.53%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
China Railway Group Limited (601390)	CN¥546.55 Billion	9.90%	3.44x	$13.69 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 China Railway Group Limited

SHG:601390 China Engineering & Construction

Market Cap

$13.69 Billion

CN¥93.59 Billion CNY

Market Cap Rank

#1763 Global

#188 in China

Share Price

CN¥4.57

Change (1 day)

-1.93%

52-Week Range

CN¥4.46 - CN¥6.30

All Time High

CN¥11.10