Road Environment Technology Co. Ltd. A
Road Biology Environmental Protection Technology Co., Ltd. provides solid wastewater treatment and disposal services in China. It offers river and lake slit, engineering mud, industrial slag and sludge, and municipal sludge treatment services. The company was formerly known as Road Environment Technology Co.,Ltd. and changed its name to Road Biology Environmental Protection Technology Co., Ltd. i… Read more
Road Environment Technology Co. Ltd. A (688156) - Net Assets
Latest net assets as of June 2025: CN¥881.11 Million CNY
Based on the latest financial reports, Road Environment Technology Co. Ltd. A (688156) has net assets worth CN¥881.11 Million CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.69 Billion) and total liabilities (CN¥811.10 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¥881.11 Million |
| % of Total Assets | 52.07% |
| Annual Growth Rate | 18.63% |
| 5-Year Change | 17.65% |
| 10-Year Change | N/A |
| Growth Volatility | 38.8 |
Road Environment Technology Co. Ltd. A - Net Assets Trend (2019–2024)
This chart illustrates how Road Environment Technology Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Road Environment Technology Co. Ltd. A (2019–2024)
The table below shows the annual net assets of Road Environment Technology Co. Ltd. A from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥872.87 Million | -7.74% |
| 2023-12-31 | CN¥946.08 Million | +13.85% |
| 2022-12-31 | CN¥830.95 Million | +2.18% |
| 2021-12-31 | CN¥813.19 Million | +9.61% |
| 2020-12-31 | CN¥741.93 Million | +99.74% |
| 2019-12-31 | CN¥371.45 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Road Environment Technology Co. Ltd. A'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 51.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥137.20 Million | 16.44% |
| Other Components | CN¥697.17 Million | 83.56% |
| Total Equity | CN¥834.37 Million | 100.00% |
Road Environment Technology Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Road Environment Technology Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Neogen Chemicals Limited
NSE:NEOGEN
|
$208.51 Million |
|
Shanghai Prosolar Resources Development Co Ltd
SHG:600193
|
$208.52 Million |
|
Qingdao Hi-Tech Moulds & Plastics Technology Co. Ltd.
SHE:301022
|
$208.53 Million |
|
Hualan Biological Bacterin Inc.
SHE:301207
|
$208.60 Million |
|
Yibin Paper Industry Co Ltd
SHG:600793
|
$208.44 Million |
|
Shanghai W Ibeda High Tech Group Co Ltd
SHG:688071
|
$208.43 Million |
|
Jiangsu Canopus Wisdom Medical Technology Co. Ltd. A
SHE:301290
|
$208.42 Million |
|
S.Biomedics Co. Ltd.
KQ:304360
|
$208.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Road Environment Technology Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 896,893,684 to 834,367,358, a change of -62,526,326 (-7.0%).
- Net loss of 56,551,532 reduced equity.
- Dividend payments of 22,143,875 reduced retained earnings.
- Other factors increased equity by 16,169,081.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-56.55 Million | -6.78% |
| Dividends Paid | CN¥22.14 Million | -2.65% |
| Other Changes | CN¥16.17 Million | +1.94% |
| Total Change | CN¥- | -6.97% |
Book Value vs Market Value Analysis
This analysis compares Road Environment Technology Co. Ltd. A'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 4.62x 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 |
|---|---|---|---|
| 2019-12-31 | CN¥4.88 | CN¥22.54 | x |
| 2020-12-31 | CN¥7.71 | CN¥22.54 | x |
| 2021-12-31 | CN¥8.38 | CN¥22.54 | x |
| 2022-12-31 | CN¥8.39 | CN¥22.54 | x |
| 2023-12-31 | CN¥8.91 | CN¥22.54 | x |
| 2024-12-31 | CN¥8.28 | CN¥22.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Road Environment Technology Co. Ltd. A 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): -6.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -20.37%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 2.07x
- Recent ROE (-6.78%) is below the historical average (4.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 13.11% | 14.51% | 0.58x | 1.57x | CN¥10.46 Million |
| 2020 | 6.74% | 19.07% | 0.28x | 1.24x | CN¥-23.05 Million |
| 2021 | 9.81% | 19.77% | 0.38x | 1.30x | CN¥-1.47 Million |
| 2022 | 3.35% | 7.58% | 0.29x | 1.54x | CN¥-51.54 Million |
| 2023 | 3.01% | 7.68% | 0.22x | 1.77x | CN¥-62.72 Million |
| 2024 | -6.78% | -20.37% | 0.16x | 2.07x | CN¥-139.99 Million |
Industry Comparison
This section compares Road Environment Technology Co. Ltd. A's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $3,359,023,908
- Average return on equity (ROE) among peers: 7.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Road Environment Technology Co. Ltd. A (688156) | CN¥881.11 Million | 13.11% | 0.92x | $208.47 Million |
| Chengdu Xingrong Investment Co Ltd (000598) | $11.99 Billion | 9.01% | 1.11x | $1.21 Billion |
| Bohai Water Industry Co Ltd (000605) | $164.13 Million | 2.53% | 1.04x | $171.74 Million |
| Zhongshan Public Utilities Group Co Ltd (000685) | $11.04 Billion | 13.53% | 0.25x | $1.16 Billion |
| Guangdong Shunkong Development Co Ltd (003039) | $1.68 Billion | 11.76% | 1.49x | $276.18 Million |
| Gansu Dayu Water saving Group (300021) | $2.33 Billion | 3.48% | 3.01x | $349.89 Million |
| Beijing Water Business Doctor (300055) | $1.60 Billion | 3.85% | 0.13x | $355.06 Million |
| BGT Group Co. Ltd. (300774) | $1.52 Billion | 2.16% | 0.65x | $371.81 Million |
| Hynar Water Group Co. Ltd. (300961) | $695.55 Million | 13.29% | 1.35x | $339.95 Million |
| Shenzhen Water Planning & Design Institute Co. Ltd. (301038) | $942.31 Million | 11.26% | 0.90x | $202.63 Million |
| Wuhan Sanzhen Industry Holding Co Ltd (600168) | $1.63 Billion | 3.60% | 0.65x | $316.91 Million |