Road Environment Technology Co. Ltd. A (688156) - Net Assets
Based on the latest financial reports, Road Environment Technology Co. Ltd. A (688156) has net assets worth CN¥881.11 Million CNY (≈ $128.93 Million USD) 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 ≈ $247.62 Million USD) and total liabilities (CN¥811.10 Million ≈ $118.69 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 688156 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore Road Environment Technology Co. Ltd. A (688156) total assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see 688156 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥872.87 Million ≈ $127.73 Million |
-7.74% |
| 2023-12-31 | CN¥946.08 Million ≈ $138.44 Million |
+13.85% |
| 2022-12-31 | CN¥830.95 Million ≈ $121.59 Million |
+2.18% |
| 2021-12-31 | CN¥813.19 Million ≈ $119.00 Million |
+9.61% |
| 2020-12-31 | CN¥741.93 Million ≈ $108.57 Million |
+99.74% |
| 2019-12-31 | CN¥371.45 Million ≈ $54.36 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 |
|---|---|
|
Shanthi Gears Limited
NSE:SHANTIGEAR
|
$386.04 Million |
|
Djurslands Bank
CO:DJUR
|
$386.17 Million |
|
Yest Ltd
KQ:122640
|
$386.25 Million |
|
Kolon Plastics
KO:138490
|
$386.28 Million |
|
XMax Inc.
NASDAQ:XWIN
|
$385.96 Million |
|
MeguREIT Israel
TA:MGRT
|
$385.88 Million |
|
Shinhsiung Natural Gas
TWO:8908
|
$385.80 Million |
|
Reckitt Benckiser Group PLC
LSE:RKT
|
$385.77 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: 3.16x
- 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 decreased from 5.37x to 3.16x 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¥26.19 | x |
| 2020-12-31 | CN¥7.71 | CN¥26.19 | x |
| 2021-12-31 | CN¥8.38 | CN¥26.19 | x |
| 2022-12-31 | CN¥8.39 | CN¥26.19 | x |
| 2023-12-31 | CN¥8.91 | CN¥26.19 | x |
| 2024-12-31 | CN¥8.28 | CN¥26.19 | 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: $4,513,192,140
- Average return on equity (ROE) among peers: 5.19%
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 | $385.98 Million |
| Chengdu Xingrong Investment Co Ltd (000598) | $15.74 Billion | 10.28% | 1.44x | $2.96 Billion |
| Bohai Water Industry Co Ltd (000605) | $1.14 Billion | 3.98% | 1.14x | $373.10 Million |
| Zhongshan Public Utilities Group Co Ltd (000685) | $11.50 Billion | 8.37% | 0.31x | $2.56 Billion |
| Guangdong Shunkong Development Co Ltd (003039) | $1.99 Billion | 11.86% | 1.17x | $1.30 Billion |
| Gansu Dayu Water saving Group (300021) | $1.55 Billion | 6.45% | 1.46x | $674.72 Million |
| Beijing Water Business Doctor (300055) | $5.73 Billion | -1.38% | 0.29x | $1.40 Billion |
| BGT Group Co. Ltd. (300774) | $1.02 Billion | 11.72% | 0.28x | $1.02 Billion |
| Hynar Water Group Co. Ltd. (300961) | $1.03 Billion | -3.41% | 1.69x | $349.43 Million |
| Shenzhen Water Planning & Design Institute Co. Ltd. (301038) | $870.50 Million | -3.37% | 1.10x | $637.86 Million |
| Wuhan Sanzhen Industry Holding Co Ltd (600168) | $4.56 Billion | 7.36% | 0.75x | $735.55 Million |
About 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