RoadMain T Co Ltd (603860) - Net Assets

Latest as of September 2025: CN¥801.80 Million CNY ≈ $117.33 Million USD

Based on the latest financial reports, RoadMain T Co Ltd (603860) has net assets worth CN¥801.80 Million CNY (≈ $117.33 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¥917.60 Million ≈ $134.27 Million USD) and total liabilities (CN¥115.80 Million ≈ $16.95 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 RoadMain T Co Ltd (603860) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore 603860 current and non-current assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see RoadMain T Co Ltd stock valuation.

Year	Net Assets	Change
2024-12-31	CN¥809.40 Million ≈ $118.44 Million	+4.53%
2023-12-31	CN¥774.33 Million ≈ $113.31 Million	+6.02%
2022-12-31	CN¥730.36 Million ≈ $106.87 Million	+4.23%
2021-12-31	CN¥700.70 Million ≈ $102.53 Million	+4.38%
2020-12-31	CN¥671.29 Million ≈ $98.23 Million	+3.67%
2019-12-31	CN¥647.55 Million ≈ $94.76 Million	+7.36%
2018-12-31	CN¥603.17 Million ≈ $88.26 Million	+6.83%
2017-12-31	CN¥564.60 Million ≈ $82.62 Million	+91.93%
2016-12-31	CN¥294.17 Million ≈ $43.05 Million	+13.81%
2015-12-31	CN¥258.47 Million ≈ $37.82 Million	+16.31%
2014-12-31	CN¥222.22 Million ≈ $32.52 Million	+25.48%
2013-12-31	CN¥177.10 Million ≈ $25.92 Million	+31.42%
2012-12-31	CN¥134.76 Million ≈ $19.72 Million	+46.24%
2011-12-31	CN¥92.15 Million ≈ $13.48 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
Pengana Private Equity Trust AU:PE1	$320.11 Million
Tianyu Ecology & Landscape Co SHG:603717	$320.13 Million
Phihong Technology Co Ltd TW:2457	$320.51 Million
Médica Sur S.A.B. de C.V MX:MEDICAB	$320.61 Million
Favite Inc TW:3535	$320.04 Million
Greenwich Lifesciences Inc NASDAQ:GLSI	$319.90 Million
Bank of Greece AT:TELL	$319.82 Million
Borosil Limited NSE:BOROLTD	$319.62 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: 2.71x
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 17.82x to 2.71x 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¥32.80	x
2012-12-31	CN¥2.71	CN¥32.80	x
2013-12-31	CN¥3.54	CN¥32.80	x
2014-12-31	CN¥4.33	CN¥32.80	x
2015-12-31	CN¥5.08	CN¥32.80	x
2016-12-31	CN¥5.80	CN¥32.80	x
2017-12-31	CN¥9.77	CN¥32.80	x
2018-12-31	CN¥8.99	CN¥32.80	x
2019-12-31	CN¥9.61	CN¥32.80	x
2020-12-31	CN¥9.97	CN¥32.80	x
2021-12-31	CN¥10.43	CN¥32.80	x
2022-12-31	CN¥10.89	CN¥32.80	x
2023-12-31	CN¥11.50	CN¥32.80	x
2024-12-31	CN¥12.08	CN¥32.80	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: $7,070,981,300
Average return on equity (ROE) among peers: 8.50%

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	$320.04 Million
Guangdong Provincial Expressway Development Co Ltd (000429)	$3.37 Billion	3.94%	0.12x	$3.21 Billion
Shanxi Sanwei Group Co Ltd (000755)	$160.96 Million	16.73%	1.44x	$1.08 Billion
Dongguan Development Holdings Co Ltd (000828)	$2.54 Billion	8.82%	0.40x	$1.58 Billion
City Development Environment Co Ltd (000885)	$2.90 Billion	16.27%	1.18x	$1.33 Billion
Xiandai Investment Co Ltd (000900)	$7.06 Billion	8.02%	1.65x	$937.29 Million
Merchant Express Class A (001965)	$46.36 Billion	7.27%	0.41x	$9.35 Billion
Shandong Sunway Petrochemical Engineering Co Ltd (002469)	$1.27 Billion	0.93%	0.20x	$682.68 Million
Xinjiang Communications Construction Group Co Ltd Class A (002941)	$188.53 Million	9.86%	6.32x	$1.48 Billion
Guangdong Provincial Expressway Development Co Ltd (200429)	$4.25 Billion	7.65%	0.60x	$402.45 Million
Anhui Expressway Co Ltd (600012)	$2.61 Billion	5.54%	0.17x	$2.67 Billion

About RoadMain T Co Ltd

SHG:603860 China Infrastructure Operations

Market Cap

$320.04 Million

CN¥2.19 Billion CNY

Market Cap Rank

#14693 Global

#4572 in China

Share Price

CN¥32.80

Change (1 day)

+0.18%

52-Week Range

CN¥27.80 - CN¥33.51

All Time High

CN¥46.16