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¥811.18 Million CNY (≈ $118.70 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.84 Billion ≈ $269.35 Million USD) and total liabilities (CN¥1.03 Billion ≈ $150.65 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. See debt-free asset ratio of Road Environment Technology Co. Ltd. A to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥811.18 Million |
| % of Total Assets | 44.07% |
| Annual Growth Rate | 13.67% |
| 5-Year Change | -1.47% |
| 10-Year Change | N/A |
| Growth Volatility | 37.34 |
Road Environment Technology Co. Ltd. A - Net Assets Trend (2019–2025)
This chart illustrates how Road Environment Technology Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Road Environment Technology Co. Ltd. A.
Annual Net Assets for Road Environment Technology Co. Ltd. A (2019–2025)
The table below shows the annual net assets of Road Environment Technology Co. Ltd. A from 2019 to 2025. Also explore net asset growth rate of Road Environment Technology Co. Ltd. A to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥801.24 Million ≈ $117.25 Million |
-8.21% |
| 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 |
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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 decreased by 25.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥67.10 Million | 8.80% |
| Other Components | CN¥695.48 Million | 91.20% |
| Total Equity | CN¥762.58 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 |
|---|---|
|
ZheJiang HuaSheng Technology Co.Ltd
SHG:605180
|
$327.92 Million |
|
Infortrend Technology Inc
TW:2495
|
$327.93 Million |
|
Jiangsu Liance Electromechanical Technology Co. Ltd. A
SHG:688113
|
$328.03 Million |
|
VTEX
NYSE:VTEX
|
$328.07 Million |
|
Shang Hai Ya Tong Co Ltd
SHG:600692
|
$327.89 Million |
|
Hospital Mater Dei S.A
SA:MATD3
|
$327.87 Million |
|
Wuxi Xinan Technology Co. Ltd. A
SHE:301170
|
$327.78 Million |
|
Orchestra BioMed Holdings Inc.
NASDAQ:OBIO
|
$327.57 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 2024 to 2025, total equity changed from 834,367,358 to 762,577,452, a change of -71,789,906 (-8.6%).
- Net loss of 70,101,818 reduced equity.
- Dividend payments of 19,869,148 reduced retained earnings.
- Other factors increased equity by 18,181,060.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-70.10 Million | -9.19% |
| Dividends Paid | CN¥19.87 Million | -2.61% |
| Other Changes | CN¥18.18 Million | +2.38% |
| Total Change | CN¥- | -8.60% |
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: 2.94x
- 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 4.56x to 2.94x 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¥22.25 | x |
| 2020-12-31 | CN¥7.71 | CN¥22.25 | x |
| 2021-12-31 | CN¥8.38 | CN¥22.25 | x |
| 2022-12-31 | CN¥8.39 | CN¥22.25 | x |
| 2023-12-31 | CN¥8.91 | CN¥22.25 | x |
| 2024-12-31 | CN¥8.28 | CN¥22.25 | x |
| 2025-12-31 | CN¥7.57 | CN¥22.25 | 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): -9.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -18.44%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 2.52x
- Recent ROE (-9.19%) is below the historical average (2.86%), 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 |
| 2025 | -9.19% | -18.44% | 0.20x | 2.52x | CN¥-146.36 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: $1,992,977,558
- Average return on equity (ROE) among peers: 4.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Road Environment Technology Co. Ltd. A (688156) | CN¥811.18 Million | 13.11% | 1.27x | $327.91 Million |
| Chengdu Xingrong Investment Co Ltd (000598) | $238.12 Million | 14.44% | 0.09x | $3.07 Billion |
| Bohai Water Industry Co Ltd (000605) | $128.04 Million | 10.90% | 0.92x | $298.28 Million |
| Zhongshan Public Utilities Group Co Ltd (000685) | $6.09 Billion | 6.02% | 0.26x | $2.34 Billion |
| Guangdong Shunkong Development Co Ltd (003039) | $3.38 Billion | 7.21% | 0.58x | $1.15 Billion |
| Gansu Dayu Water saving Group (300021) | $479.32 Million | 4.34% | 2.20x | $578.97 Million |
| Beijing Water Business Doctor (300055) | $1.85 Billion | 7.58% | 0.29x | $722.41 Million |
| BGT Group Co. Ltd. (300774) | $1.45 Billion | 11.99% | 0.37x | $596.36 Million |
| Hynar Water Group Co. Ltd. (300961) | $598.01 Million | -29.77% | 3.14x | $308.71 Million |
| Shenzhen Water Planning & Design Institute Co. Ltd. (301038) | $930.59 Million | 5.66% | 1.18x | $551.02 Million |
| Wuhan Sanzhen Industry Holding Co Ltd (600168) | $4.78 Billion | 6.29% | 0.80x | $629.43 Million |
About Road Environment Technology Co. Ltd. A
Road Biology Environmental Protection Technology Co., Ltd. operates in ecological protection and environmental governance industry in China. The company offers bio-fermented feed products, such as fermentation of baijiu lees with brewing yeast and brewers yeast culture; and functional peptides, bioactive substances, and functional nutrients. It also provides industrial sludge treatment, river and… Read more