Changzheng Engineering Co Ltd (603698) - Net Assets
Based on the latest financial reports, Changzheng Engineering Co Ltd (603698) has net assets worth CN¥5.10 Billion CNY (≈ $745.67 Million 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¥8.32 Billion ≈ $1.22 Billion USD) and total liabilities (CN¥3.22 Billion ≈ $471.26 Million 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 Changzheng Engineering Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
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. Also explore 603698 total asset value for the complete picture of this company's asset base.
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. For live valuation and market cap data, see 603698 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.97 Billion ≈ $726.90 Million |
+51.34% |
| 2023-12-31 | CN¥3.28 Billion ≈ $480.30 Million |
+4.62% |
| 2022-12-31 | CN¥3.14 Billion ≈ $459.07 Million |
+3.84% |
| 2021-12-31 | CN¥3.02 Billion ≈ $442.08 Million |
+3.52% |
| 2020-12-31 | CN¥2.92 Billion ≈ $427.05 Million |
+4.72% |
| 2019-12-31 | CN¥2.79 Billion ≈ $407.78 Million |
+4.68% |
| 2018-12-31 | CN¥2.66 Billion ≈ $389.55 Million |
+6.85% |
| 2017-12-31 | CN¥2.49 Billion ≈ $364.58 Million |
+6.20% |
| 2016-12-31 | CN¥2.35 Billion ≈ $343.28 Million |
+3.43% |
| 2015-12-31 | CN¥2.27 Billion ≈ $331.91 Million |
+123.93% |
| 2014-12-31 | CN¥1.01 Billion ≈ $148.22 Million |
+9.13% |
| 2013-12-31 | CN¥928.18 Million ≈ $135.82 Million |
+25.73% |
| 2012-12-31 | CN¥738.25 Million ≈ $108.03 Million |
+20.30% |
| 2011-12-31 | CN¥613.69 Million ≈ $89.80 Million |
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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 |
|---|---|
|
Minmetals Capital Co Ltd
SHG:600390
|
$3.45 Billion |
|
Herc Holdings Inc
NYSE:HRI
|
$3.45 Billion |
|
COFCO Capital Holdings Co Ltd
SHE:002423
|
$3.45 Billion |
|
China Zhenhua Group Science & Technology Co Ltd
SHE:000733
|
$3.46 Billion |
|
Shenzhen Yan Tian Port Holdings Co Ltd
SHE:000088
|
$3.45 Billion |
|
Schibsted ASA A
OL:SCHA
|
$3.45 Billion |
|
Tian Di Science & Technology Co Ltd
SHG:600582
|
$3.45 Billion |
|
Emcure Pharmaceuticals Ltd
NSE:EMCURE
|
$3.44 Billion |
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: 6.93x
- 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 30.21x to 6.93x 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¥43.97 | x |
| 2012-12-31 | CN¥1.73 | CN¥43.97 | x |
| 2013-12-31 | CN¥2.16 | CN¥43.97 | x |
| 2014-12-31 | CN¥2.35 | CN¥43.97 | x |
| 2015-12-31 | CN¥4.30 | CN¥43.97 | x |
| 2016-12-31 | CN¥4.41 | CN¥43.97 | x |
| 2017-12-31 | CN¥4.68 | CN¥43.97 | x |
| 2018-12-31 | CN¥4.93 | CN¥43.97 | x |
| 2019-12-31 | CN¥5.20 | CN¥43.97 | x |
| 2020-12-31 | CN¥5.44 | CN¥43.97 | x |
| 2021-12-31 | CN¥5.64 | CN¥43.97 | x |
| 2022-12-31 | CN¥5.85 | CN¥43.97 | x |
| 2023-12-31 | CN¥6.12 | CN¥43.97 | x |
| 2024-12-31 | CN¥6.34 | CN¥43.97 | 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: $4,258,135,025
- Average return on equity (ROE) among peers: 2.84%
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 | $3.45 Billion |
| Shenzhen Ecobeauty Co Ltd (000010) | $896.43 Million | -59.77% | 3.04x | $486.19 Million |
| Shenzhen Sed Industry Co Ltd (000032) | $625.86 Million | 4.13% | 0.98x | $3.08 Billion |
| NORINCO International Cooperation Ltd (000065) | $8.56 Billion | 7.43% | 1.58x | $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) | $245.24 Million | 4.29% | 1.43x | $878.49 Million |
| Hunan Investment Group Co Ltd (000548) | $1.48 Billion | 5.89% | 0.49x | $389.36 Million |
| ChengDu Hi-Tech Development Co Ltd (000628) | $590.13 Million | 0.75% | 2.06x | $3.41 Billion |
| Gansu Engineering Consulting Group Co Ltd (000779) | $32.59 Million | 50.71% | 2.04x | $602.65 Million |
| Hainan Expressway Co Ltd (000886) | $2.23 Billion | 0.44% | 1.41x | $800.17 Million |
About 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