China Shipping Development Co Ltd
China Shipping Development Co Ltd operates in Diversified Metals & Mining.
China Shipping Development Co Ltd (HIFH) - Net Assets
Latest net assets as of December 2023: €37.10 Billion EUR
Based on the latest financial reports, China Shipping Development Co Ltd (HIFH) has net assets worth €37.10 Billion EUR as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€72.08 Billion) and total liabilities (€34.98 Billion). 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 | €37.10 Billion |
| % of Total Assets | 51.47% |
| Annual Growth Rate | 4.41% |
| 5-Year Change | 27.21% |
| 10-Year Change | N/A |
| Growth Volatility | 11.0 |
China Shipping Development Co Ltd - Net Assets Trend (2016–2023)
This chart illustrates how China Shipping Development Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for China Shipping Development Co Ltd (2016–2023)
The table below shows the annual net assets of China Shipping Development Co Ltd from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €37.10 Billion | +10.52% |
| 2022-12-31 | €33.57 Billion | +12.19% |
| 2021-12-31 | €29.92 Billion | -15.95% |
| 2020-12-31 | €35.60 Billion | +22.06% |
| 2019-12-31 | €29.17 Billion | -0.36% |
| 2018-12-31 | €29.27 Billion | +3.57% |
| 2017-12-31 | €28.26 Billion | +3.06% |
| 2016-12-31 | €27.42 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Shipping Development Co 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 8.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €13.61 Billion | 39.56% |
| Other Components | €20.78 Billion | 60.44% |
| Total Equity | €34.39 Billion | 100.00% |
China Shipping Development Co Ltd Competitors by Market Cap
The table below lists competitors of China Shipping Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GEELY AUTOMOBILE
BE:GRU
|
$19.37K |
|
Hims Co. Ltd.
KO:238490
|
$19.38K |
|
FSROF
PINK:FSROF
|
$19.38K |
|
SOFTRONIC -B-
BE:SF7
|
$19.39K |
|
Grayscale Basic Attention Token Trust
OTCQX:GBAT
|
$19.36K |
|
Vinacomin Northern Coal Trading JSC
VN:TMB
|
$19.36K |
|
Carepay Holdings Inc
PINK:SOFE
|
$19.35K |
|
GOLD ROAD RES
BE:E6Q
|
$19.35K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Shipping Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 31,570,671,000 to 34,391,504,000, a change of 2,820,833,000 (8.9%).
- Net income of 3,348,717,000 contributed positively to equity growth.
- Dividend payments of 715,616,000 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €3.35 Billion | +9.74% |
| Dividends Paid | €715.62 Million | -2.08% |
| Other Changes | €187.73 Million | +0.55% |
| Total Change | €- | 8.93% |
Book Value vs Market Value Analysis
This analysis compares China Shipping Development Co 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: 0.27x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €6.92 | €1.97 | x |
| 2018-12-31 | €6.99 | €1.97 | x |
| 2019-12-31 | €6.98 | €1.97 | x |
| 2020-12-31 | €7.27 | €1.97 | x |
| 2021-12-31 | €6.00 | €1.97 | x |
| 2022-12-31 | €6.62 | €1.97 | x |
| 2023-12-31 | €7.21 | €1.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Shipping Development Co 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): 9.74%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.28%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 2.10x
- Recent ROE (9.74%) is above the historical average (2.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 7.01% | 14.78% | 0.22x | 2.12x | €-818.80 Million |
| 2017 | 6.33% | 18.10% | 0.16x | 2.16x | €-1.03 Billion |
| 2018 | 0.37% | 0.86% | 0.19x | 2.25x | €-2.71 Billion |
| 2019 | 1.53% | 3.11% | 0.21x | 2.34x | €-2.38 Billion |
| 2020 | 6.88% | 14.64% | 0.25x | 1.91x | €-1.08 Billion |
| 2021 | -17.44% | -39.43% | 0.21x | 2.08x | €-7.84 Billion |
| 2022 | 4.63% | 7.87% | 0.27x | 2.16x | €-1.70 Billion |
| 2023 | 9.74% | 15.28% | 0.30x | 2.10x | €-90.43 Million |
Industry Comparison
This section compares China Shipping Development Co Ltd's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $114,212,818,724
- Average return on equity (ROE) among peers: -9.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Shipping Development Co Ltd (HIFH) | €37.10 Billion | 7.01% | 0.94x | $19.37K |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $989.01K |
| Tokyu Corporation (01T) | $779.37 Billion | 3.34% | 2.35x | $99.73K |
| GUANGZHOU AUTO -H- (02G) | $122.28 Billion | 6.59% | 0.55x | $4.05K |
| MOSAIC (02M) | $10.60 Billion | 4.43% | 0.90x | $280.83K |
| MOSAIC (02M.SG) (02M) | $9.56 Billion | 10.46% | 0.82x | $247.21K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $16.67 Million | -126.83% | 4.46x | $1.55 Million |
| KRAKATAU STEEL -B- (07K) | $552.59 Million | 3.52% | 4.72x | $166.99 |
| CN MODERN DAIRY (07M) | $7.12 Billion | -10.42% | 1.50x | $1.68K |
| TOURMALINE OIL (08T) | $7.22 Billion | 4.81% | 0.41x | $381.02K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $325.03 |