China Railway Construction Heavy Industry Corp Ltd (688425) - Net Assets

Latest as of March 2026: CN¥18.85 Billion CNY ≈ $2.76 Billion USD

Based on the latest financial reports, China Railway Construction Heavy Industry Corp Ltd (688425) has net assets worth CN¥18.85 Billion CNY (≈ $2.76 Billion 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¥27.33 Billion ≈ $4.00 Billion USD) and total liabilities (CN¥8.48 Billion ≈ $1.24 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 China Railway Construction Heavy Industr 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¥18.85 Billion
% of Total Assets	68.97%
Annual Growth Rate	11.38%
5-Year Change	31.13%
10-Year Change	N/A
Growth Volatility	24.68

China Railway Construction Heavy Industry Corp Ltd - Net Assets Trend (2017–2025)

This chart illustrates how China Railway Construction Heavy Industry Corp Ltd's net assets have evolved over time, based on quarterly financial data. See 688425 defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for China Railway Construction Heavy Industry Corp Ltd (2017–2025)

The table below shows the annual net assets of China Railway Construction Heavy Industry Corp Ltd from 2017 to 2025. For live valuation and market cap data, see market value of China Railway Construction Heavy Industr.

Year	Net Assets	Change
2025-12-31	CN¥18.61 Billion ≈ $2.72 Billion	+5.88%
2024-12-31	CN¥17.58 Billion ≈ $2.57 Billion	+6.18%
2023-12-31	CN¥16.55 Billion ≈ $2.42 Billion	+6.76%
2022-12-31	CN¥15.51 Billion ≈ $2.27 Billion	+9.26%
2021-12-31	CN¥14.19 Billion ≈ $2.08 Billion	+71.06%
2020-12-31	CN¥8.30 Billion ≈ $1.21 Billion	+16.10%
2019-12-31	CN¥7.15 Billion ≈ $1.05 Billion	-23.29%
2018-12-31	CN¥9.32 Billion ≈ $1.36 Billion	+18.58%
2017-12-31	CN¥7.86 Billion ≈ $1.15 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to China Railway Construction Heavy Industry Corp 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 167.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥9.17 Billion	49.33%
Common Stock	CN¥5.33 Billion	28.69%
Other Comprehensive Income	CN¥7.30 Million	0.04%
Other Components	CN¥4.08 Billion	21.94%
Total Equity	CN¥18.59 Billion	100.00%

China Railway Construction Heavy Industry Corp Ltd Competitors by Market Cap

The table below lists competitors of China Railway Construction Heavy Industry Corp Ltd ranked by their market capitalization.

Company	Market Cap
Beam Therapeutics Inc NASDAQ:BEAM	$3.33 Billion
Loomis AB ser. B ST:LOOMIS	$3.33 Billion
ATHENS INTERNATIONAL AIRPORT S. AT:AIA	$3.33 Billion
Hubei TKD Crystal Electn SHG:603738	$3.33 Billion
Hefei Chipmore Technology Co. Ltd. A SHG:688352	$3.32 Billion
Guangdong HongDa Blasting Co Ltd SHE:002683	$3.32 Billion
PPB Group Bhd KLSE:4065	$3.32 Billion
Amedisys Inc NASDAQ:AMED	$3.32 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in China Railway Construction Heavy Industry Corp Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 17,555,809,314 to 18,590,019,340, a change of 1,034,210,026 (5.9%).
Net income of 1,483,028,000 contributed positively to equity growth.
Dividend payments of 485,142,791 reduced retained earnings.
Other comprehensive income decreased equity by 1,055,285,844.
Other factors increased equity by 1,091,610,661.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥1.48 Billion	+7.98%
Dividends Paid	CN¥485.14 Million	-2.61%
Other Comprehensive Income	CN¥-1.06 Billion	-5.68%
Other Changes	CN¥1.09 Billion	+5.87%
Total Change	CN¥-	5.89%

Book Value vs Market Value Analysis

This analysis compares China Railway Construction Heavy Industry Corp 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: 1.21x
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 2.07x to 1.21x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	CN¥2.05	CN¥4.26	x
2018-12-31	CN¥2.43	CN¥4.26	x
2019-12-31	CN¥1.86	CN¥4.26	x
2020-12-31	CN¥2.17	CN¥4.26	x
2021-12-31	CN¥3.10	CN¥4.26	x
2022-12-31	CN¥2.94	CN¥4.26	x
2023-12-31	CN¥3.11	CN¥4.26	x
2024-12-31	CN¥3.26	CN¥4.26	x
2025-12-31	CN¥3.51	CN¥4.26	x

Capital Efficiency Dashboard

This dashboard shows how efficiently China Railway Construction Heavy Industry Corp 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): 7.98%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 14.76%
• Asset Turnover: 0.37x
• Equity Multiplier: 1.47x
Recent ROE (7.98%) is below the historical average (13.61%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2017	14.48%	17.10%	0.43x	1.95x	CN¥351.76 Million
2018	17.28%	20.26%	0.49x	1.73x	CN¥677.18 Million
2019	21.47%	21.01%	0.48x	2.13x	CN¥817.16 Million
2020	18.94%	20.59%	0.45x	2.06x	CN¥739.60 Million
2021	12.25%	18.24%	0.42x	1.60x	CN¥318.29 Million
2022	11.91%	18.26%	0.42x	1.54x	CN¥295.54 Million
2023	9.64%	15.89%	0.39x	1.54x	CN¥-59.84 Million
2024	8.59%	15.01%	0.38x	1.52x	CN¥-247.65 Million
2025	7.98%	14.76%	0.37x	1.47x	CN¥-375.97 Million

Industry Comparison

This section compares China Railway Construction Heavy Industry Corp Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.

Industry Context

Industry: Specialty Industrial Machinery
Average net assets among peers: $2,053,540,271
Average return on equity (ROE) among peers: 4.45%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
China Railway Construction Heavy Industry Corp Ltd (688425)	CN¥18.85 Billion	14.48%	0.45x	$3.32 Billion
Huayi Compressor Co Ltd (000404)	$2.70 Billion	6.94%	1.45x	$768.94 Million
Shenyang Machine Tool Co Ltd (000410)	$1.11 Billion	8.63%	3.77x	$1.98 Billion
North Industries Group Red Arrow Co Ltd (000519)	$9.75 Billion	8.40%	0.54x	$4.14 Billion
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)	$657.04 Million	17.35%	0.68x	$478.11 Million
Changchai Co Ltd (000570)	$2.06 Billion	3.02%	0.72x	$409.83 Million
Jiangsu Youli Investment Holding Co Ltd (000584)	$437.03 Million	6.41%	1.13x	$32.29 Million
Baota Industry Co Ltd (000595)	$356.47 Million	-22.08%	1.87x	$1.07 Billion
SUFA Technology Industry Co Ltd CNNC (000777)	$303.55 Million	4.59%	0.79x	$1.10 Billion
J.S. Corrugating Machinery Co Ltd (000821)	$2.36 Billion	2.28%	1.62x	$788.41 Million
Qinchuan Machine Tool & Tool Group Share Co Ltd (000837)	$803.92 Million	9.00%	0.67x	$1.83 Billion

About China Railway Construction Heavy Industry Corp Ltd

SHG:688425 China Specialty Industrial Machinery

Market Cap

$3.32 Billion

CN¥22.72 Billion CNY

Market Cap Rank

#4727 Global

#849 in China

Share Price

CN¥4.26

Change (1 day)

-2.07%

52-Week Range

CN¥3.95 - CN¥7.72

All Time High

CN¥7.72