RoadMain T Co Ltd
RoadMainT Co.,Ltd. engages in the research and development, promotion, and application of highway maintenance technology in China. The company provides CRMS highway asset management system and platform; and iroad highway full asset mobile information platform. It also offers national and provincial trunk lines; city, rural, and foreign roads; and inspection and specialized equipment. In addition,… Read more
RoadMain T Co Ltd (603860) - Net Assets
Latest net assets as of September 2025: CN¥801.80 Million CNY
Based on the latest financial reports, RoadMain T Co Ltd (603860) has net assets worth CN¥801.80 Million 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¥917.60 Million) and total liabilities (CN¥115.80 Million). 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¥801.80 Million |
| % of Total Assets | 87.38% |
| Annual Growth Rate | 18.19% |
| 5-Year Change | 20.57% |
| 10-Year Change | 213.15% |
| Growth Volatility | 24.18 |
RoadMain T Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how RoadMain T 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 RoadMain T Co Ltd (2011–2024)
The table below shows the annual net assets of RoadMain T Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥809.40 Million | +4.53% |
| 2023-12-31 | CN¥774.33 Million | +6.02% |
| 2022-12-31 | CN¥730.36 Million | +4.23% |
| 2021-12-31 | CN¥700.70 Million | +4.38% |
| 2020-12-31 | CN¥671.29 Million | +3.67% |
| 2019-12-31 | CN¥647.55 Million | +7.36% |
| 2018-12-31 | CN¥603.17 Million | +6.83% |
| 2017-12-31 | CN¥564.60 Million | +91.93% |
| 2016-12-31 | CN¥294.17 Million | +13.81% |
| 2015-12-31 | CN¥258.47 Million | +16.31% |
| 2014-12-31 | CN¥222.22 Million | +25.48% |
| 2013-12-31 | CN¥177.10 Million | +31.42% |
| 2012-12-31 | CN¥134.76 Million | +46.24% |
| 2011-12-31 | CN¥92.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to RoadMain T 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 2382.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥482.72 Million | 59.92% |
| Common Stock | CN¥66.68 Million | 8.28% |
| Other Components | CN¥256.21 Million | 31.80% |
| Total Equity | CN¥805.61 Million | 100.00% |
RoadMain T Co Ltd Competitors by Market Cap
The table below lists competitors of RoadMain T Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Office Properties Income Trust
NASDAQ:OPINL
|
$158.39 Million |
|
IBERSOL SGPS SA NAM. EO 1
F:L34
|
$158.42 Million |
|
Vitruvio Real Estate Socimi
MC:YVIT
|
$158.45 Million |
|
INTRACOM HLDG.NAM.EO 1
F:INTA
|
$158.46 Million |
|
Hangzhou Zhongya Machinery Co Ltd
SHE:300512
|
$158.37 Million |
|
Zhejiang Meilun Elevator Co Ltd
SHG:603321
|
$158.34 Million |
|
Trusval Technology Co Ltd
TWO:6667
|
$158.26 Million |
|
Zhejiang Yiming Food Co. Ltd.
SHG:605179
|
$158.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in RoadMain T Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 770,343,594 to 805,610,362, a change of 35,266,768 (4.6%).
- Net income of 44,619,863 contributed positively to equity growth.
- Dividend payments of 10,315,396 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥44.62 Million | +5.54% |
| Dividends Paid | CN¥10.32 Million | -1.28% |
| Other Changes | CN¥962.30K | +0.12% |
| Total Change | CN¥- | 4.58% |
Book Value vs Market Value Analysis
This analysis compares RoadMain T 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: 2.72x
- 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 17.83x to 2.72x 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¥1.84 | CN¥32.82 | x |
| 2012-12-31 | CN¥2.71 | CN¥32.82 | x |
| 2013-12-31 | CN¥3.54 | CN¥32.82 | x |
| 2014-12-31 | CN¥4.33 | CN¥32.82 | x |
| 2015-12-31 | CN¥5.08 | CN¥32.82 | x |
| 2016-12-31 | CN¥5.80 | CN¥32.82 | x |
| 2017-12-31 | CN¥9.77 | CN¥32.82 | x |
| 2018-12-31 | CN¥8.99 | CN¥32.82 | x |
| 2019-12-31 | CN¥9.61 | CN¥32.82 | x |
| 2020-12-31 | CN¥9.97 | CN¥32.82 | x |
| 2021-12-31 | CN¥10.43 | CN¥32.82 | x |
| 2022-12-31 | CN¥10.89 | CN¥32.82 | x |
| 2023-12-31 | CN¥11.50 | CN¥32.82 | x |
| 2024-12-31 | CN¥12.08 | CN¥32.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently RoadMain T 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): 5.54%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.16%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.18x
- Recent ROE (5.54%) is below the historical average (16.34%), 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 | 51.06% | 48.48% | 0.87x | 1.21x | CN¥37.83 Million |
| 2012 | 36.22% | 46.32% | 0.56x | 1.39x | CN¥35.33 Million |
| 2013 | 28.50% | 43.07% | 0.36x | 1.84x | CN¥32.76 Million |
| 2014 | 22.64% | 34.93% | 0.39x | 1.67x | CN¥27.40 Million |
| 2015 | 18.52% | 30.85% | 0.39x | 1.53x | CN¥21.66 Million |
| 2016 | 18.62% | 31.40% | 0.42x | 1.42x | CN¥24.96 Million |
| 2017 | 8.39% | 24.39% | 0.28x | 1.24x | CN¥-9.01 Million |
| 2018 | 8.01% | 22.92% | 0.30x | 1.18x | CN¥-11.92 Million |
| 2019 | 8.59% | 25.38% | 0.29x | 1.18x | CN¥-9.05 Million |
| 2020 | 5.27% | 19.50% | 0.23x | 1.19x | CN¥-31.44 Million |
| 2021 | 5.43% | 18.59% | 0.25x | 1.17x | CN¥-31.77 Million |
| 2022 | 5.29% | 17.11% | 0.26x | 1.20x | CN¥-34.20 Million |
| 2023 | 6.69% | 19.79% | 0.29x | 1.18x | CN¥-25.46 Million |
| 2024 | 5.54% | 17.16% | 0.27x | 1.18x | CN¥-35.94 Million |
Industry Comparison
This section compares RoadMain T Co Ltd's net assets metrics with peer companies in the Infrastructure Operations industry.
Industry Context
- Industry: Infrastructure Operations
- Average net assets among peers: $11,739,398,796
- Average return on equity (ROE) among peers: 1.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| RoadMain T Co Ltd (603860) | CN¥801.80 Million | 51.06% | 0.14x | $158.38 Million |
| Shanxi Sanwei Group Co Ltd (000755) | $4.95 Billion | 9.26% | 1.57x | $239.87 Million |
| Dongguan Development Holdings Co Ltd (000828) | $2.67 Billion | 6.91% | 0.56x | $469.41 Million |
| City Development Environment Co Ltd (000885) | $103.40 Million | -76.39% | 3.38x | $431.18 Million |
| Xiandai Investment Co Ltd (000900) | $5.14 Billion | 16.00% | 0.56x | $475.65 Million |
| Merchant Express Class A (001965) | $63.32 Billion | 7.85% | 0.55x | $2.91 Billion |
| Shandong Sunway Petrochemical Engineering Co Ltd (002469) | $2.87 Billion | 9.16% | 0.26x | $626.47 Million |
| Xinjiang Communications Construction Group Co Ltd Class A (002941) | $2.50 Billion | 14.14% | 3.06x | $839.14 Million |
| Guangdong Provincial Expressway Development Co Ltd (200429) | $12.41 Billion | 13.17% | 0.72x | $1.13 Billion |
| Henan Zhongyuan Expressway Co Ltd (600020) | $11.21 Billion | 7.13% | 3.47x | $484.63 Million |
| Fujian Expressway Development Co Ltd (600033) | $12.23 Billion | 3.70% | 0.32x | $626.53 Million |