Shanghai Chengdi Constr Co (603887) - Net Assets
Based on the latest financial reports, Shanghai Chengdi Constr Co (603887) has net assets worth CN¥3.48 Billion CNY (≈ $509.77 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¥12.09 Billion ≈ $1.77 Billion USD) and total liabilities (CN¥8.60 Billion ≈ $1.26 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 603887 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.48 Billion |
| % of Total Assets | 28.82% |
| Annual Growth Rate | 26.45% |
| 5-Year Change | 2.42% |
| 10-Year Change | 411.95% |
| Growth Volatility | 73.85 |
Shanghai Chengdi Constr Co - Net Assets Trend (2011–2025)
This chart illustrates how Shanghai Chengdi Constr Co's net assets have evolved over time, based on quarterly financial data. See Shanghai Chengdi Constr Co (603887) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shanghai Chengdi Constr Co (2011–2025)
The table below shows the annual net assets of Shanghai Chengdi Constr Co from 2011 to 2025. For live valuation and market cap data, see Shanghai Chengdi Constr Co market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.50 Billion ≈ $511.60 Million |
-1.56% |
| 2024-12-31 | CN¥3.55 Billion ≈ $519.73 Million |
+27.05% |
| 2023-12-31 | CN¥2.80 Billion ≈ $409.08 Million |
-18.19% |
| 2022-12-31 | CN¥3.42 Billion ≈ $500.02 Million |
+0.10% |
| 2021-12-31 | CN¥3.41 Billion ≈ $499.53 Million |
-15.84% |
| 2020-12-31 | CN¥4.06 Billion ≈ $593.54 Million |
+22.29% |
| 2019-12-31 | CN¥3.32 Billion ≈ $485.37 Million |
+285.50% |
| 2018-12-31 | CN¥860.42 Million ≈ $125.91 Million |
+14.10% |
| 2017-12-31 | CN¥754.08 Million ≈ $110.35 Million |
+10.42% |
| 2016-12-31 | CN¥682.91 Million ≈ $99.93 Million |
+94.33% |
| 2015-12-31 | CN¥351.42 Million ≈ $51.42 Million |
+18.94% |
| 2014-12-31 | CN¥295.46 Million ≈ $43.23 Million |
+20.14% |
| 2013-12-31 | CN¥245.93 Million ≈ $35.99 Million |
+22.52% |
| 2012-12-31 | CN¥200.72 Million ≈ $29.37 Million |
+53.54% |
| 2011-12-31 | CN¥130.72 Million ≈ $19.13 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanghai Chengdi Constr Co'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 1759.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥4.23 Billion | 120.85% |
| Total Equity | CN¥3.50 Billion | 100.00% |
Shanghai Chengdi Constr Co Competitors by Market Cap
The table below lists competitors of Shanghai Chengdi Constr Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Petrochemical Development Corp
TW:1314
|
$927.71 Million |
|
Shandong Shanda Wit Science and Technology Co Ltd
SHE:000915
|
$927.89 Million |
|
Mercantile Bank Corporation
NASDAQ:MBWM
|
$928.50 Million |
|
AEVEX Corp.
NYSE:AVEX
|
$928.62 Million |
|
Liaoning Oxiranchem Inc
SHE:300082
|
$927.52 Million |
|
Lecron Energy Saving Materials
SHE:300343
|
$927.08 Million |
|
Shenyang Toly Bread Co Ltd
SHG:603866
|
$926.99 Million |
|
Shenzhen Tagen Group Co Ltd
SHE:000090
|
$926.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Chengdi Constr Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,551,729,460 to 3,496,146,376, a change of -55,583,084 (-1.6%).
- Net loss of 67,065,010 reduced equity.
- Dividend payments of 84,033,474 reduced retained earnings.
- Other factors increased equity by 95,515,399.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-67.07 Million | -1.92% |
| Dividends Paid | CN¥84.03 Million | -2.4% |
| Other Changes | CN¥95.52 Million | +2.73% |
| Total Change | CN¥- | -1.56% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Chengdi Constr Co'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: 1.81x
- 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 13.62x to 1.81x 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¥0.77 | CN¥10.53 | x |
| 2012-12-31 | CN¥1.19 | CN¥10.53 | x |
| 2013-12-31 | CN¥1.43 | CN¥10.53 | x |
| 2014-12-31 | CN¥1.70 | CN¥10.53 | x |
| 2015-12-31 | CN¥2.03 | CN¥10.53 | x |
| 2016-12-31 | CN¥3.62 | CN¥10.53 | x |
| 2017-12-31 | CN¥3.25 | CN¥10.53 | x |
| 2018-12-31 | CN¥3.55 | CN¥10.53 | x |
| 2019-12-31 | CN¥7.44 | CN¥10.53 | x |
| 2020-12-31 | CN¥9.04 | CN¥10.53 | x |
| 2021-12-31 | CN¥7.57 | CN¥10.53 | x |
| 2022-12-31 | CN¥7.58 | CN¥10.53 | x |
| 2023-12-31 | CN¥6.20 | CN¥10.53 | x |
| 2024-12-31 | CN¥7.18 | CN¥10.53 | x |
| 2025-12-31 | CN¥5.81 | CN¥10.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Chengdi Constr Co 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): -1.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.74%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 3.45x
- Recent ROE (-1.92%) is below the historical average (5.79%), 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 | 25.73% | 10.56% | 1.09x | 2.24x | CN¥20.57 Million |
| 2012 | 17.91% | 9.13% | 1.02x | 1.93x | CN¥15.87 Million |
| 2013 | 18.38% | 8.90% | 0.96x | 2.15x | CN¥20.62 Million |
| 2014 | 16.76% | 8.87% | 0.91x | 2.08x | CN¥19.99 Million |
| 2015 | 15.92% | 10.07% | 0.80x | 1.97x | CN¥20.82 Million |
| 2016 | 8.10% | 9.79% | 0.55x | 1.50x | CN¥-12.95 Million |
| 2017 | 8.80% | 8.17% | 0.66x | 1.63x | CN¥-9.02 Million |
| 2018 | 8.39% | 5.73% | 0.75x | 1.96x | CN¥-13.86 Million |
| 2019 | 10.00% | 11.33% | 0.46x | 1.92x | CN¥39.16K |
| 2020 | 9.68% | 9.98% | 0.46x | 2.12x | CN¥-12.95 Million |
| 2021 | -17.73% | -20.82% | 0.38x | 2.26x | CN¥-946.62 Million |
| 2022 | 0.03% | 0.04% | 0.32x | 2.48x | CN¥-340.60 Million |
| 2023 | -23.48% | -26.98% | 0.33x | 2.64x | CN¥-935.84 Million |
| 2024 | -9.71% | -21.27% | 0.20x | 2.25x | CN¥-700.02 Million |
| 2025 | -1.92% | -1.74% | 0.32x | 3.45x | CN¥-416.68 Million |
Industry Comparison
This section compares Shanghai Chengdi Constr Co's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,134,746,747
- Average return on equity (ROE) among peers: 162.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Chengdi Constr Co (603887) | CN¥3.48 Billion | 25.73% | 2.47x | $927.65 Million |
| Shenzhen Ecobeauty Co Ltd (000010) | $93.42 Million | 5.37% | 1.55x | $319.64 Million |
| Shenzhen Sed Industry Co Ltd (000032) | $297.80 Million | 12.21% | 2.00x | $4.37 Billion |
| NORINCO International Cooperation Ltd (000065) | $6.23 Billion | 12.07% | 1.90x | $2.09 Billion |
| Shenzhen Tagen Group Co Ltd (000090) | $1.04 Billion | 8.97% | 1.99x | $926.92 Million |
| Shandong Hi-Speed Road&Bridge (000498) | $10.28 Million | 1585.07% | 0.04x | $1.14 Billion |
| Jinyuan Cement Co Ltd (000546) | $156.05 Million | 1.43% | 2.11x | $589.45 Million |
| Hunan Investment Group Co Ltd (000548) | $450.96 Million | 9.95% | 1.04x | $317.04 Million |
| ChengDu Hi-Tech Development Co Ltd (000628) | $198.31 Million | 4.14% | 13.41x | $2.77 Billion |
| Gansu Engineering Consulting Group Co Ltd (000779) | $274.69 Million | -12.10% | 0.41x | $524.43 Million |
| Hainan Expressway Co Ltd (000886) | $2.60 Billion | 2.78% | 1.04x | $614.96 Million |
About Shanghai Chengdi Constr Co
Shanghai CDXJ Digital Technology Co.,Ltd, together with its subsidiaries, provides internet data center services in China. It operates in two segments, IDC Investment and Operation Services and IDC Comprehensive Solutions. The company offers high and low voltage cabinets, precision power distribution cabinets, intelligent data busbars, micromodules cabinets and cold aisles, and structured cabling… Read more