Changzheng Engineering Co Ltd
Changzheng Engineering Technology Co.,Ltd provides research and development, engineering design, technical, equipment supply, and general engineering contracting services for aerospace pulverized coal pressurized gasification technology and equipment in the People's Republic of China. It is also involved in the industrial gas operations. The company was formerly known as Changzheng Engineering Co… Read more
Changzheng Engineering Co Ltd (603698) - Net Assets
Latest net assets as of September 2025: CN¥5.10 Billion CNY
Based on the latest financial reports, Changzheng Engineering Co Ltd (603698) has net assets worth CN¥5.10 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¥8.32 Billion) and total liabilities (CN¥3.22 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¥5.10 Billion |
| % of Total Assets | 61.27% |
| Annual Growth Rate | 17.45% |
| 5-Year Change | 70.22% |
| 10-Year Change | 119.0% |
| Growth Volatility | 32.59 |
Changzheng Engineering Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Changzheng Engineering Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Changzheng Engineering Co Ltd (2011–2024)
The table below shows the annual net assets of Changzheng Engineering Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.97 Billion | +51.34% |
| 2023-12-31 | CN¥3.28 Billion | +4.62% |
| 2022-12-31 | CN¥3.14 Billion | +3.84% |
| 2021-12-31 | CN¥3.02 Billion | +3.52% |
| 2020-12-31 | CN¥2.92 Billion | +4.72% |
| 2019-12-31 | CN¥2.79 Billion | +4.68% |
| 2018-12-31 | CN¥2.66 Billion | +6.85% |
| 2017-12-31 | CN¥2.49 Billion | +6.20% |
| 2016-12-31 | CN¥2.35 Billion | +3.43% |
| 2015-12-31 | CN¥2.27 Billion | +123.93% |
| 2014-12-31 | CN¥1.01 Billion | +9.13% |
| 2013-12-31 | CN¥928.18 Million | +25.73% |
| 2012-12-31 | CN¥738.25 Million | +20.30% |
| 2011-12-31 | CN¥613.69 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Changzheng Engineering Co 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 1362.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.67 Billion | 49.09% |
| Common Stock | CN¥535.99 Million | 15.76% |
| Other Comprehensive Income | CN¥259.36 Million | 7.63% |
| Other Components | CN¥935.67 Million | 27.52% |
| Total Equity | CN¥3.40 Billion | 100.00% |
Changzheng Engineering Co Ltd Competitors by Market Cap
The table below lists competitors of Changzheng Engineering Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hubei TKD Crystal Electn
SHG:603738
|
$900.08 Million |
|
Cury Construtora e Incorporadora S.A
SA:CURY3
|
$900.19 Million |
|
Porton Fine Chemicals Ltd
SHE:300363
|
$900.30 Million |
|
Zhejiang Fenglong Electric Co Ltd Class A
SHE:002931
|
$900.63 Million |
|
Guizhou Panjiang Refined Coal Co Ltd
SHG:600395
|
$899.58 Million |
|
Machvision Inc
TW:3563
|
$899.49 Million |
|
Ratch Group Public Company Limited
BK:RATCH
|
$899.39 Million |
|
Univest Corporation Pennsylvania
NASDAQ:UVSP
|
$899.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Changzheng Engineering Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,272,095,509 to 3,399,938,391, a change of 127,842,882 (3.9%).
- Net income of 189,206,365 contributed positively to equity growth.
- Dividend payments of 146,312,022 reduced retained earnings.
- Other comprehensive income increased equity by 11,727,090.
- Other factors increased equity by 73,221,449.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥189.21 Million | +5.56% |
| Dividends Paid | CN¥146.31 Million | -4.3% |
| Other Comprehensive Income | CN¥11.73 Million | +0.34% |
| Other Changes | CN¥73.22 Million | +2.15% |
| Total Change | CN¥- | 3.91% |
Book Value vs Market Value Analysis
This analysis compares Changzheng Engineering Co 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: 4.86x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 21.18x to 4.86x 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¥1.46 | CN¥30.83 | x |
| 2012-12-31 | CN¥1.73 | CN¥30.83 | x |
| 2013-12-31 | CN¥2.16 | CN¥30.83 | x |
| 2014-12-31 | CN¥2.35 | CN¥30.83 | x |
| 2015-12-31 | CN¥4.30 | CN¥30.83 | x |
| 2016-12-31 | CN¥4.41 | CN¥30.83 | x |
| 2017-12-31 | CN¥4.68 | CN¥30.83 | x |
| 2018-12-31 | CN¥4.93 | CN¥30.83 | x |
| 2019-12-31 | CN¥5.20 | CN¥30.83 | x |
| 2020-12-31 | CN¥5.44 | CN¥30.83 | x |
| 2021-12-31 | CN¥5.64 | CN¥30.83 | x |
| 2022-12-31 | CN¥5.85 | CN¥30.83 | x |
| 2023-12-31 | CN¥6.12 | CN¥30.83 | x |
| 2024-12-31 | CN¥6.34 | CN¥30.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Changzheng Engineering Co 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): 5.56%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.55%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 2.51x
- Recent ROE (5.56%) is below the historical average (12.34%), 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 | 24.31% | 24.71% | 0.51x | 1.93x | CN¥87.84 Million |
| 2012 | 26.28% | 25.39% | 0.47x | 2.20x | CN¥120.22 Million |
| 2013 | 24.60% | 21.86% | 0.50x | 2.27x | CN¥135.52 Million |
| 2014 | 27.80% | 22.78% | 0.47x | 2.62x | CN¥180.29 Million |
| 2015 | 13.05% | 19.09% | 0.37x | 1.83x | CN¥69.14 Million |
| 2016 | 6.98% | 12.58% | 0.36x | 1.53x | CN¥-70.73 Million |
| 2017 | 7.73% | 15.83% | 0.32x | 1.54x | CN¥-56.65 Million |
| 2018 | 8.52% | 14.00% | 0.44x | 1.38x | CN¥-39.47 Million |
| 2019 | 5.57% | 8.74% | 0.45x | 1.41x | CN¥-123.36 Million |
| 2020 | 6.15% | 8.66% | 0.48x | 1.49x | CN¥-112.50 Million |
| 2021 | 5.15% | 6.39% | 0.54x | 1.50x | CN¥-146.61 Million |
| 2022 | 5.33% | 6.67% | 0.52x | 1.55x | CN¥-146.62 Million |
| 2023 | 5.72% | 6.67% | 0.51x | 1.67x | CN¥-140.05 Million |
| 2024 | 5.56% | 5.55% | 0.40x | 2.51x | CN¥-150.79 Million |
Industry Comparison
This section compares Changzheng Engineering Co Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $2,293,171,469
- Average return on equity (ROE) among peers: -19.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Changzheng Engineering Co Ltd (603698) | CN¥5.10 Billion | 24.31% | 0.63x | $899.67 Million |
| Shenzhen Ecobeauty Co Ltd (000010) | $2.21 Billion | 1.80% | 1.20x | $542.14 Million |
| Shenzhen Sed Industry Co Ltd (000032) | $273.69 Million | 5.51% | 1.09x | $1.18 Billion |
| NORINCO International Cooperation Ltd (000065) | $10.22 Billion | 10.27% | 1.39x | $959.60 Million |
| Shenzhen Tagen Group Co Ltd (000090) | $1.08 Billion | 6.39% | 1.55x | $602.43 Million |
| Shandong Hi-Speed Road&Bridge (000498) | $433.84 Million | -22.79% | 2.88x | $597.20 Million |
| Jinyuan Cement Co Ltd (000546) | $4.61 Billion | 0.86% | 0.22x | $312.99 Million |
| Hunan Investment Group Co Ltd (000548) | $1.41 Billion | 7.29% | 0.50x | $259.03 Million |
| ChengDu Hi-Tech Development Co Ltd (000628) | $134.20 Million | -202.04% | 12.95x | $1.18 Billion |
| Gansu Engineering Consulting Group Co Ltd (000779) | $307.94 Million | -4.18% | 0.33x | $300.46 Million |
| Hainan Expressway Co Ltd (000886) | $2.26 Billion | 1.18% | 0.16x | $593.20 Million |