China Building Material
China Testing & Certification International Group Co.,Ltd. provides inspection, testing, and certification services in the fields of building materials and construction engineering in China. The company offers engineering testing, material testing, environmental testing, food, and agricultural product testing services; product certification, including safety glass certification, porcelain tile ce… Read more
China Building Material (603060) - Net Assets
Latest net assets as of September 2025: CN¥2.71 Billion CNY
Based on the latest financial reports, China Building Material (603060) has net assets worth CN¥2.71 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥5.79 Billion) and total liabilities (CN¥3.08 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.71 Billion |
| % of Total Assets | 46.74% |
| Annual Growth Rate | 21.96% |
| 5-Year Change | 61.64% |
| 10-Year Change | 479.77% |
| Growth Volatility | 24.59 |
China Building Material - Net Assets Trend (2011–2024)
This chart illustrates how China Building Material's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for China Building Material (2011–2024)
The table below shows the annual net assets of China Building Material from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.77 Billion | +7.57% |
| 2023-12-31 | CN¥2.58 Billion | +6.97% |
| 2022-12-31 | CN¥2.41 Billion | +11.28% |
| 2021-12-31 | CN¥2.16 Billion | +26.24% |
| 2020-12-31 | CN¥1.71 Billion | +19.69% |
| 2019-12-31 | CN¥1.43 Billion | +13.19% |
| 2018-12-31 | CN¥1.27 Billion | +15.65% |
| 2017-12-31 | CN¥1.09 Billion | +11.05% |
| 2016-12-31 | CN¥985.41 Million | +106.15% |
| 2015-12-31 | CN¥478.02 Million | +23.41% |
| 2014-12-31 | CN¥387.35 Million | +21.91% |
| 2013-12-31 | CN¥317.74 Million | +24.91% |
| 2012-12-31 | CN¥254.38 Million | +21.27% |
| 2011-12-31 | CN¥209.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Building Material'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 3645.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥956.84 Million | 46.02% |
| Common Stock | CN¥803.93 Million | 38.67% |
| Other Comprehensive Income | CN¥236.65 Million | 11.38% |
| Other Components | CN¥81.73 Million | 3.93% |
| Total Equity | CN¥2.08 Billion | 100.00% |
China Building Material Competitors by Market Cap
The table below lists competitors of China Building Material ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Avantel Limited
NSE:AVANTEL
|
$222.42 Million |
|
WINBO-Dongjian Automotive Technology Co. Ltd.
SHE:300978
|
$222.59 Million |
|
Rechi Precision Co Ltd
TW:4532
|
$222.59 Million |
|
Mekonomen AB
ST:MEKO
|
$222.64 Million |
|
Hefei Hengxin Life Science and Technology Co., Ltd.
SHE:301501
|
$222.41 Million |
|
SK Chemicals Co Ltd Pref
KO:28513K
|
$222.37 Million |
|
Praram 9 Hospital Public Company Limited
BK:PR9
|
$222.26 Million |
|
Dirui Industrial Co Ltd
SHE:300396
|
$222.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Building Material's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,912,007,706 to 2,079,147,834, a change of 167,140,128 (8.7%).
- Net income of 203,642,206 contributed positively to equity growth.
- Dividend payments of 130,401,042 reduced retained earnings.
- Other comprehensive income increased equity by 73,751,138.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥203.64 Million | +9.79% |
| Dividends Paid | CN¥130.40 Million | -6.27% |
| Other Comprehensive Income | CN¥73.75 Million | +3.55% |
| Other Changes | CN¥20.15 Million | +0.97% |
| Total Change | CN¥- | 8.74% |
Book Value vs Market Value Analysis
This analysis compares China Building Material'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: 2.63x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 22.41x to 2.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.30 | CN¥6.81 | x |
| 2012-12-31 | CN¥0.37 | CN¥6.81 | x |
| 2013-12-31 | CN¥0.58 | CN¥6.81 | x |
| 2014-12-31 | CN¥0.71 | CN¥6.81 | x |
| 2015-12-31 | CN¥0.88 | CN¥6.81 | x |
| 2016-12-31 | CN¥1.88 | CN¥6.81 | x |
| 2017-12-31 | CN¥1.61 | CN¥6.81 | x |
| 2018-12-31 | CN¥1.83 | CN¥6.81 | x |
| 2019-12-31 | CN¥1.58 | CN¥6.81 | x |
| 2020-12-31 | CN¥1.73 | CN¥6.81 | x |
| 2021-12-31 | CN¥1.98 | CN¥6.81 | x |
| 2022-12-31 | CN¥2.22 | CN¥6.81 | x |
| 2023-12-31 | CN¥2.37 | CN¥6.81 | x |
| 2024-12-31 | CN¥2.59 | CN¥6.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Building Material 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): 9.79%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.78%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 2.71x
- Recent ROE (9.79%) is below the historical average (20.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 35.46% | 20.53% | 1.10x | 1.57x | CN¥46.70 Million |
| 2012 | 33.30% | 18.61% | 0.90x | 2.00x | CN¥51.52 Million |
| 2013 | 27.91% | 16.05% | 0.82x | 2.12x | CN¥49.95 Million |
| 2014 | 24.96% | 16.10% | 0.88x | 1.77x | CN¥51.03 Million |
| 2015 | 24.80% | 17.57% | 0.82x | 1.72x | CN¥62.58 Million |
| 2016 | 12.47% | 17.41% | 0.52x | 1.38x | CN¥22.94 Million |
| 2017 | 14.02% | 19.17% | 0.56x | 1.30x | CN¥41.35 Million |
| 2018 | 16.35% | 20.39% | 0.60x | 1.34x | CN¥74.21 Million |
| 2019 | 16.57% | 18.82% | 0.59x | 1.49x | CN¥82.61 Million |
| 2020 | 16.76% | 15.71% | 0.61x | 1.75x | CN¥93.26 Million |
| 2021 | 22.23% | 15.83% | 0.58x | 2.42x | CN¥193.10 Million |
| 2022 | 19.21% | 14.06% | 0.55x | 2.47x | CN¥163.62 Million |
| 2023 | 13.45% | 9.66% | 0.52x | 2.65x | CN¥65.90 Million |
| 2024 | 9.79% | 7.78% | 0.46x | 2.71x | CN¥-4.27 Million |
Industry Comparison
This section compares China Building Material's net assets metrics with peer companies in the Consulting Services industry.
Industry Context
- Industry: Consulting Services
- Average net assets among peers: $495,633,136
- Average return on equity (ROE) among peers: 7.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Building Material (603060) | CN¥2.71 Billion | 35.46% | 1.14x | $222.42 Million |
| Grg Metrology (002967) | $774.34 Million | 13.88% | 0.89x | $788.86 Million |
| Centre Testing Intl Shenzhen (300012) | $48.16 Million | 36.39% | 0.15x | $2.76 Billion |
| Shanghai HYP-ARCH Architectural Design Consultant Co.Ltd. (301024) | $664.40 Million | -26.79% | 0.20x | $79.54 Million |