Power Construction Corp of China Ltd (601669) - Net Assets
Based on the latest financial reports, Power Construction Corp of China Ltd (601669) has net assets worth CN¥283.99 Billion CNY (≈ $41.56 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¥1.40 Trillion ≈ $205.45 Billion USD) and total liabilities (CN¥1.12 Trillion ≈ $163.89 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 asset allocation strategy of Power Construction Corp of China Ltd to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥283.99 Billion |
| % of Total Assets | 20.23% |
| Annual Growth Rate | 21.36% |
| 5-Year Change | 17.3% |
| 10-Year Change | 228.5% |
| Growth Volatility | 28.78 |
Power Construction Corp of China Ltd - Net Assets Trend (2007–2025)
This chart illustrates how Power Construction Corp of China Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Power Construction Corp of China Ltd worth.
Annual Net Assets for Power Construction Corp of China Ltd (2007–2025)
The table below shows the annual net assets of Power Construction Corp of China Ltd from 2007 to 2025. Also explore Power Construction Corp of China Ltd annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥281.68 Billion ≈ $41.22 Billion |
+3.72% |
| 2024-12-31 | CN¥271.58 Billion ≈ $39.74 Billion |
+4.59% |
| 2023-12-31 | CN¥259.65 Billion ≈ $37.99 Billion |
+8.03% |
| 2022-12-31 | CN¥240.34 Billion ≈ $35.17 Billion |
+0.09% |
| 2021-12-31 | CN¥240.13 Billion ≈ $35.14 Billion |
+7.25% |
| 2020-12-31 | CN¥223.91 Billion ≈ $32.76 Billion |
+15.73% |
| 2019-12-31 | CN¥193.47 Billion ≈ $28.31 Billion |
+35.42% |
| 2018-12-31 | CN¥142.87 Billion ≈ $20.91 Billion |
+20.30% |
| 2017-12-31 | CN¥118.76 Billion ≈ $17.38 Billion |
+38.50% |
| 2016-12-31 | CN¥85.75 Billion ≈ $12.55 Billion |
+22.99% |
| 2015-12-31 | CN¥69.72 Billion ≈ $10.20 Billion |
+45.02% |
| 2014-12-31 | CN¥48.07 Billion ≈ $7.03 Billion |
+16.38% |
| 2013-12-31 | CN¥41.31 Billion ≈ $6.04 Billion |
+18.49% |
| 2012-12-31 | CN¥34.86 Billion ≈ $5.10 Billion |
+10.33% |
| 2011-12-31 | CN¥31.60 Billion ≈ $4.62 Billion |
+131.78% |
| 2010-12-31 | CN¥13.63 Billion ≈ $1.99 Billion |
+10.88% |
| 2009-12-31 | CN¥12.29 Billion ≈ $1.80 Billion |
+24.23% |
| 2008-12-31 | CN¥9.90 Billion ≈ $1.45 Billion |
+14.63% |
| 2007-12-31 | CN¥8.63 Billion ≈ $1.26 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Power Construction Corp of China 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 8463617261773.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥83.99 Billion | 50.15% |
| Other Components | CN¥83.50 Billion | 49.85% |
| Total Equity | CN¥167.49 Billion | 100.00% |
Power Construction Corp of China Ltd Competitors by Market Cap
The table below lists competitors of Power Construction Corp of China Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ningbo Tuopu Group Co Ltd
SHG:601689
|
$11.62 Billion |
|
Hero MotoCorp Limited
NSE:HEROMOTOCO
|
$11.63 Billion |
|
NortonLifeLock Inc
F:SYM
|
$11.63 Billion |
|
Aker ASA
OL:AKER
|
$11.64 Billion |
|
Gaming & Leisure Properties
NASDAQ:GLPI
|
$11.61 Billion |
|
CENTRICA ADR NEW 2004/4
F:CENN
|
$11.61 Billion |
|
ZTO Express (Cayman) Inc
F:ZTOA
|
$11.61 Billion |
|
Saputo Inc
TO:SAP
|
$11.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Power Construction Corp of China Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 165,557,168,000 to 167,487,781,202, a change of 1,930,613,202 (1.2%).
- Net income of 10,007,143,581 contributed positively to equity growth.
- Dividend payments of 18,698,591,365 reduced retained earnings.
- Other factors increased equity by 10,622,060,986.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥10.01 Billion | +5.97% |
| Dividends Paid | CN¥18.70 Billion | -11.16% |
| Other Changes | CN¥10.62 Billion | +6.34% |
| Total Change | CN¥- | 1.17% |
Book Value vs Market Value Analysis
This analysis compares Power Construction Corp of China 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: 0.47x
- 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 4.47x to 0.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥1.03 | CN¥4.61 | x |
| 2008-12-31 | CN¥1.24 | CN¥4.61 | x |
| 2009-12-31 | CN¥1.50 | CN¥4.61 | x |
| 2010-12-31 | CN¥1.63 | CN¥4.61 | x |
| 2011-12-31 | CN¥3.71 | CN¥4.61 | x |
| 2012-12-31 | CN¥3.22 | CN¥4.61 | x |
| 2013-12-31 | CN¥3.53 | CN¥4.61 | x |
| 2014-12-31 | CN¥2.91 | CN¥4.61 | x |
| 2015-12-31 | CN¥4.03 | CN¥4.61 | x |
| 2016-12-31 | CN¥4.29 | CN¥4.61 | x |
| 2017-12-31 | CN¥5.12 | CN¥4.61 | x |
| 2018-12-31 | CN¥5.42 | CN¥4.61 | x |
| 2019-12-31 | CN¥7.10 | CN¥4.61 | x |
| 2020-12-31 | CN¥7.79 | CN¥4.61 | x |
| 2021-12-31 | CN¥8.25 | CN¥4.61 | x |
| 2022-12-31 | CN¥9.07 | CN¥4.61 | x |
| 2023-12-31 | CN¥8.43 | CN¥4.61 | x |
| 2024-12-31 | CN¥9.61 | CN¥4.61 | x |
| 2025-12-31 | CN¥9.72 | CN¥4.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Power Construction Corp of China 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): 5.97%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.55%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 8.24x
- Recent ROE (5.97%) is below the historical average (12.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 26.94% | 3.59% | 0.94x | 7.96x | CN¥1.14 Billion |
| 2008 | 15.64% | 2.08% | 0.80x | 9.42x | CN¥456.31 Million |
| 2009 | 23.34% | 3.03% | 0.74x | 10.36x | CN¥1.31 Billion |
| 2010 | 26.99% | 2.87% | 0.84x | 11.26x | CN¥1.83 Billion |
| 2011 | 13.28% | 3.27% | 0.68x | 5.99x | CN¥892.91 Million |
| 2012 | 13.34% | 3.25% | 0.70x | 5.87x | CN¥1.03 Billion |
| 2013 | 13.44% | 3.14% | 0.63x | 6.83x | CN¥1.17 Billion |
| 2014 | 17.34% | 3.66% | 0.66x | 7.15x | CN¥2.94 Billion |
| 2015 | 9.44% | 2.48% | 0.52x | 7.30x | CN¥-309.81 Million |
| 2016 | 10.98% | 2.84% | 0.48x | 8.11x | CN¥604.45 Million |
| 2017 | 9.41% | 2.78% | 0.46x | 7.31x | CN¥-466.97 Million |
| 2018 | 8.93% | 2.61% | 0.41x | 8.28x | CN¥-917.50 Million |
| 2019 | 6.73% | 2.08% | 0.43x | 7.56x | CN¥-3.51 Billion |
| 2020 | 6.77% | 1.99% | 0.45x | 7.51x | CN¥-3.82 Billion |
| 2021 | 7.89% | 1.75% | 0.59x | 7.71x | CN¥-2.64 Billion |
| 2022 | 7.53% | 2.00% | 0.55x | 6.85x | CN¥-3.75 Billion |
| 2023 | 8.06% | 2.13% | 0.53x | 7.19x | CN¥-3.11 Billion |
| 2024 | 7.26% | 1.90% | 0.49x | 7.79x | CN¥-4.54 Billion |
| 2025 | 5.97% | 1.55% | 0.47x | 8.24x | CN¥-6.74 Billion |
Industry Comparison
This section compares Power Construction Corp of China Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $4,217,274,030
- Average return on equity (ROE) among peers: 3.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Power Construction Corp of China Ltd (601669) | CN¥283.99 Billion | 26.94% | 3.94x | $11.62 Billion |
| Shenzhen Ecobeauty Co Ltd (000010) | $93.42 Million | 5.37% | 1.55x | $264.12 Million |
| Shenzhen Sed Industry Co Ltd (000032) | $823.36 Million | 10.59% | 1.23x | $2.58 Billion |
| NORINCO International Cooperation Ltd (000065) | $513.50 Million | 2.74% | 1.86x | $1.71 Billion |
| Shenzhen Tagen Group Co Ltd (000090) | $1.81 Billion | 6.18% | 1.19x | $984.34 Million |
| Shandong Hi-Speed Road&Bridge (000498) | $32.67 Billion | 7.00% | 3.27x | $1.16 Billion |
| Jinyuan Cement Co Ltd (000546) | $1.71 Billion | 7.57% | 1.39x | $506.39 Million |
| Hunan Investment Group Co Ltd (000548) | $436.88 Million | -21.31% | 1.34x | $338.96 Million |
| ChengDu Hi-Tech Development Co Ltd (000628) | $1.69 Billion | 14.25% | 3.93x | $3.10 Billion |
| Gansu Engineering Consulting Group Co Ltd (000779) | $218.83 Million | 6.01% | 2.28x | $620.33 Million |
| Hainan Expressway Co Ltd (000886) | $2.20 Billion | 0.56% | 1.33x | $681.52 Million |
About Power Construction Corp of China Ltd
Power Construction Corporation of China, Ltd, together with its subsidiaries, engages in the power construction business in China and internationally. It constructs solar, wind, hydro, pumped storage hydropower, nuclear, thermal, transmission, biomass, hydrogen, and other power plants; and railway, highway, urban rail transit, airport, and port. The company also offers building design, constructi… Read more