Zhengping Road&Bridge Constr (603843) - Net Assets
Based on the latest financial reports, Zhengping Road&Bridge Constr (603843) has net assets worth CN¥289.03 Million CNY (≈ $42.29 Million 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¥7.22 Billion ≈ $1.06 Billion USD) and total liabilities (CN¥6.93 Billion ≈ $1.01 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 603843 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥289.03 Million |
| % of Total Assets | 4.0% |
| Annual Growth Rate | -1.48% |
| 5-Year Change | -85.5% |
| 10-Year Change | -73.68% |
| Growth Volatility | 31.52 |
Zhengping Road&Bridge Constr - Net Assets Trend (2011–2025)
This chart illustrates how Zhengping Road&Bridge Constr's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 603843 market cap overview.
Annual Net Assets for Zhengping Road&Bridge Constr (2011–2025)
The table below shows the annual net assets of Zhengping Road&Bridge Constr from 2011 to 2025. Also explore how fast is Zhengping Road&Bridge Constr growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥321.32 Million ≈ $47.02 Million |
-51.52% |
| 2024-12-31 | CN¥662.75 Million ≈ $96.98 Million |
-48.78% |
| 2023-12-31 | CN¥1.29 Billion ≈ $189.36 Million |
-31.95% |
| 2022-12-31 | CN¥1.90 Billion ≈ $278.25 Million |
-14.21% |
| 2021-12-31 | CN¥2.22 Billion ≈ $324.33 Million |
+24.93% |
| 2020-12-31 | CN¥1.77 Billion ≈ $259.61 Million |
+11.47% |
| 2019-12-31 | CN¥1.59 Billion ≈ $232.90 Million |
+4.27% |
| 2018-12-31 | CN¥1.53 Billion ≈ $223.36 Million |
+18.94% |
| 2017-12-31 | CN¥1.28 Billion ≈ $187.79 Million |
+5.13% |
| 2016-12-31 | CN¥1.22 Billion ≈ $178.62 Million |
+74.93% |
| 2015-12-31 | CN¥697.82 Million ≈ $102.11 Million |
+11.56% |
| 2014-12-31 | CN¥625.49 Million ≈ $91.53 Million |
+21.23% |
| 2013-12-31 | CN¥515.96 Million ≈ $75.50 Million |
+21.37% |
| 2012-12-31 | CN¥425.12 Million ≈ $62.21 Million |
+7.30% |
| 2011-12-31 | CN¥396.18 Million ≈ $57.97 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhengping Road&Bridge Constr'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 decreased by 2061.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.02 Billion | 2014.77% |
| Total Equity | CN¥50.49 Million | 100.00% |
Zhengping Road&Bridge Constr Competitors by Market Cap
The table below lists competitors of Zhengping Road&Bridge Constr ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
COMPASS PATHW SP.ADR
F:5Y6
|
$657.30 Million |
|
Hosken Consolidated Investments Ltd
JSE:HCI
|
$657.38 Million |
|
IRESS LTD
F:BRF
|
$657.42 Million |
|
Energy Absolute Public Company Limited
BK:EA
|
$657.42 Million |
|
Liberty Broadband Srs A
NASDAQ:LBRDA
|
$656.99 Million |
|
Biotest Aktiengesellschaft
XETRA:BIO3
|
$656.94 Million |
|
Chapters Group AG
XETRA:CHG
|
$656.80 Million |
|
Hainan Pearl River Holdings Co Ltd
SHE:000505
|
$656.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhengping Road&Bridge Constr's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 374,692,714 to 50,494,244, a change of -324,198,470 (-86.5%).
- Net loss of 141,659,256 reduced equity.
- Dividend payments of 57,169,187 reduced retained earnings.
- Other comprehensive income increased equity by 186,043,987.
- Other factors decreased equity by 311,414,014.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-141.66 Million | -280.55% |
| Dividends Paid | CN¥57.17 Million | -113.22% |
| Other Comprehensive Income | CN¥186.04 Million | +368.45% |
| Other Changes | CN¥-311.41 Million | -616.73% |
| Total Change | CN¥- | -86.52% |
Book Value vs Market Value Analysis
This analysis compares Zhengping Road&Bridge Constr'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: 88.95x
- 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 increased from 4.35x to 88.95x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥1.48 | CN¥6.42 | x |
| 2012-12-31 | CN¥1.01 | CN¥6.42 | x |
| 2013-12-31 | CN¥1.21 | CN¥6.42 | x |
| 2014-12-31 | CN¥1.49 | CN¥6.42 | x |
| 2015-12-31 | CN¥1.63 | CN¥6.42 | x |
| 2016-12-31 | CN¥2.59 | CN¥6.42 | x |
| 2017-12-31 | CN¥2.25 | CN¥6.42 | x |
| 2018-12-31 | CN¥2.30 | CN¥6.42 | x |
| 2019-12-31 | CN¥2.54 | CN¥6.42 | x |
| 2020-12-31 | CN¥2.63 | CN¥6.42 | x |
| 2021-12-31 | CN¥3.03 | CN¥6.42 | x |
| 2022-12-31 | CN¥2.28 | CN¥6.42 | x |
| 2023-12-31 | CN¥1.39 | CN¥6.42 | x |
| 2024-12-31 | CN¥0.53 | CN¥6.42 | x |
| 2025-12-31 | CN¥0.07 | CN¥6.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhengping Road&Bridge Constr 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): -280.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.30%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 144.82x
- Recent ROE (-280.55%) is below the historical average (-24.62%), 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 | 15.00% | 4.04% | 1.08x | 3.44x | CN¥18.02 Million |
| 2012 | 12.89% | 4.57% | 0.80x | 3.52x | CN¥12.30 Million |
| 2013 | 15.90% | 4.36% | 0.88x | 4.14x | CN¥30.45 Million |
| 2014 | 18.72% | 4.55% | 1.01x | 4.07x | CN¥54.52 Million |
| 2015 | 12.67% | 3.67% | 0.93x | 3.73x | CN¥18.61 Million |
| 2016 | 7.43% | 4.29% | 0.59x | 2.96x | CN¥-31.32 Million |
| 2017 | 3.50% | 2.87% | 0.40x | 3.06x | CN¥-81.73 Million |
| 2018 | 5.22% | 2.48% | 0.51x | 4.15x | CN¥-64.00 Million |
| 2019 | 5.12% | 1.92% | 0.57x | 4.73x | CN¥-67.96 Million |
| 2020 | 7.21% | 2.20% | 0.68x | 4.80x | CN¥-41.64 Million |
| 2021 | 4.95% | 1.85% | 0.51x | 5.19x | CN¥-95.39 Million |
| 2022 | -13.60% | -9.61% | 0.25x | 5.65x | CN¥-370.70 Million |
| 2023 | -54.63% | -27.90% | 0.23x | 8.46x | CN¥-628.91 Million |
| 2024 | -129.15% | -35.53% | 0.19x | 19.47x | CN¥-521.40 Million |
| 2025 | -280.55% | -10.30% | 0.19x | 144.82x | CN¥-146.71 Million |
Industry Comparison
This section compares Zhengping Road&Bridge Constr'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 |
|---|---|---|---|---|
| Zhengping Road&Bridge Constr (603843) | CN¥289.03 Million | 15.00% | 23.98x | $657.26 Million |
| 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 Zhengping Road&Bridge Constr
Zhengping Road & Bridge Construction Co.,Ltd. designs, constructs, operates, and consults infrastructure development in China. It undertakes projects in transportation, urban construction, water conservancy, power construction, manufacturing of engineering facilities. The company is also engaged in the cultural tourism industry business and retailing of agricultural and sideline products. In addi… Read more