Shenzhen Airport Co Ltd

SHE:000089 China Airports & Air Services
Market Cap
$2.01 Billion
CN¥14.72 Billion CNY
Market Cap Rank
#7933 Global
#1428 in China
Share Price
CN¥7.18
Change (1 day)
+0.56%
52-Week Range
CN¥6.20 - CN¥7.44
All Time High
CN¥11.16
Categories
Companies in China Airports & Air Services
About

Shenzhen Airport Co., Ltd. operates and manages Shenzhen Bao'an International Airport in China. The company engages in aviation ground support and aviation ground agency service business including includes aircraft take-off and landing and parking support, airport flight control, area maintenance and operation management, travel passenger boarding, waiting and arrival and departure services, airc… Read more

Shenzhen Airport Co Ltd (000089) - Net Assets

Latest net assets as of September 2025: CN¥11.59 Billion CNY

Based on the latest financial reports, Shenzhen Airport Co Ltd (000089) has net assets worth CN¥11.59 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥24.07 Billion) and total liabilities (CN¥12.48 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 CN¥11.59 Billion
% of Total Assets 48.15%
Annual Growth Rate 15.18%
5-Year Change -4.76%
10-Year Change 10.88%
Growth Volatility 48.11

Shenzhen Airport Co Ltd - Net Assets Trend (1996–2024)

This chart illustrates how Shenzhen Airport 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 Shenzhen Airport Co Ltd (1996–2024)

The table below shows the annual net assets of Shenzhen Airport Co Ltd from 1996 to 2024.

Year Net Assets Change
2024-12-31 CN¥11.37 Billion +2.26%
2023-12-31 CN¥11.12 Billion +3.96%
2022-12-31 CN¥10.70 Billion -10.14%
2021-12-31 CN¥11.90 Billion -0.31%
2020-12-31 CN¥11.94 Billion -1.16%
2019-12-31 CN¥12.08 Billion +3.62%
2018-12-31 CN¥11.66 Billion +3.90%
2017-12-31 CN¥11.22 Billion +4.66%
2016-12-31 CN¥10.72 Billion +4.54%
2015-12-31 CN¥10.25 Billion +29.44%
2014-12-31 CN¥7.92 Billion +1.40%
2013-12-31 CN¥7.81 Billion +6.31%
2012-12-31 CN¥7.35 Billion +7.12%
2011-12-31 CN¥6.86 Billion +17.19%
2010-12-31 CN¥5.85 Billion +12.75%
2009-12-31 CN¥5.19 Billion +11.10%
2008-12-31 CN¥4.67 Billion +29.48%
2007-12-31 CN¥3.61 Billion +8.76%
2006-12-31 CN¥3.32 Billion +6.35%
2005-12-31 CN¥3.12 Billion +7.05%
2004-12-31 CN¥2.92 Billion +3.35%
2003-12-31 CN¥2.82 Billion +13.42%
2002-12-31 CN¥2.49 Billion +14.22%
2001-12-31 CN¥2.18 Billion +9.31%
2000-12-31 CN¥1.99 Billion +54.73%
1999-12-31 CN¥1.29 Billion +24.78%
1998-12-31 CN¥1.03 Billion +261.09%
1997-12-31 CN¥285.71 Million +31.47%
1996-12-31 CN¥217.33 Million --

Equity Component Analysis

This analysis shows how different components contribute to Shenzhen Airport 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 7098.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥5.42 Billion 47.75%
Common Stock CN¥2.05 Billion 18.07%
Other Components CN¥3.88 Billion 34.19%
Total Equity CN¥11.35 Billion 100.00%

Shenzhen Airport Co Ltd Competitors by Market Cap

The table below lists competitors of Shenzhen Airport Co Ltd ranked by their market capitalization.

Company Market Cap
Shandong Chenming Paper Holdings Ltd
SHE:000488
 		$856.84 Million
Guangdong Anda Automation Solutions Co. Ltd. A
SHG:688125
 		$856.97 Million
Badger Infrastructure Solutions Ltd
PINK:BADFF
 		$857.22 Million
First Advantage Corp
NASDAQ:FA
 		$857.79 Million
Strauss Group Ltd
PINK:SGLJF
 		$856.64 Million
OCI N.V
OTCGREY:OCINF
 		$856.42 Million
Corporación Financiera Colombiana S.A
PINK:CRPFY
 		$856.09 Million
Hunan Nanling Industrial Explosive Materials Co Ltd
SHE:002096
 		$855.80 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shenzhen Airport Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 11,115,112,901 to 11,351,554,963, a change of 236,442,062 (2.1%).
  • Net income of 443,039,614 contributed positively to equity growth.
  • Dividend payments of 350,547,244 reduced retained earnings.
  • Other factors increased equity by 143,949,692.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥443.04 Million +3.9%
Dividends Paid CN¥350.55 Million -3.09%
Other Changes CN¥143.95 Million +1.27%
Total Change CN¥- 2.13%

Book Value vs Market Value Analysis

This analysis compares Shenzhen Airport 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: 1.30x
  • 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 47.57x to 1.30x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1996-12-31 CN¥0.15 CN¥7.18 x
1997-12-31 CN¥0.20 CN¥7.18 x
1998-12-31 CN¥0.72 CN¥7.18 x
1999-12-31 CN¥0.89 CN¥7.18 x
2000-12-31 CN¥1.38 CN¥7.18 x
2001-12-31 CN¥1.50 CN¥7.18 x
2002-12-31 CN¥1.72 CN¥7.18 x
2003-12-31 CN¥1.93 CN¥7.18 x
2004-12-31 CN¥1.99 CN¥7.18 x
2005-12-31 CN¥2.13 CN¥7.18 x
2006-12-31 CN¥1.93 CN¥7.18 x
2007-12-31 CN¥2.09 CN¥7.18 x
2008-12-31 CN¥2.74 CN¥7.18 x
2009-12-31 CN¥3.06 CN¥7.18 x
2010-12-31 CN¥3.45 CN¥7.18 x
2011-12-31 CN¥3.64 CN¥7.18 x
2012-12-31 CN¥3.59 CN¥7.18 x
2013-12-31 CN¥3.90 CN¥7.18 x
2014-12-31 CN¥4.67 CN¥7.18 x
2015-12-31 CN¥5.21 CN¥7.18 x
2016-12-31 CN¥5.21 CN¥7.18 x
2017-12-31 CN¥5.45 CN¥7.18 x
2018-12-31 CN¥5.67 CN¥7.18 x
2019-12-31 CN¥5.88 CN¥7.18 x
2020-12-31 CN¥5.81 CN¥7.18 x
2021-12-31 CN¥5.80 CN¥7.18 x
2022-12-31 CN¥5.21 CN¥7.18 x
2023-12-31 CN¥5.42 CN¥7.18 x
2024-12-31 CN¥5.54 CN¥7.18 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shenzhen Airport 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): 3.90%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 9.35%
  • • Asset Turnover: 0.20x
  • • Equity Multiplier: 2.13x
  • Recent ROE (3.90%) is below the historical average (10.04%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1996 43.02% 46.44% 0.48x 1.92x CN¥71.77 Million
1997 34.20% 41.77% 0.36x 2.27x CN¥69.15 Million
1998 12.03% 48.95% 0.22x 1.12x CN¥20.92 Million
1999 19.48% 68.34% 0.22x 1.30x CN¥121.90 Million
2000 15.72% 68.75% 0.17x 1.32x CN¥113.54 Million
2001 15.51% 55.68% 0.23x 1.21x CN¥119.24 Million
2002 12.93% 44.97% 0.26x 1.10x CN¥72.64 Million
2003 8.95% 33.17% 0.23x 1.17x CN¥-29.14 Million
2004 8.84% 28.72% 0.27x 1.15x CN¥-33.22 Million
2005 11.80% 35.76% 0.29x 1.14x CN¥55.31 Million
2006 12.50% 37.12% 0.30x 1.12x CN¥81.50 Million
2007 16.26% 40.75% 0.35x 1.13x CN¥221.63 Million
2008 5.28% 16.76% 0.27x 1.17x CN¥-219.02 Million
2009 11.13% 35.90% 0.28x 1.12x CN¥58.31 Million
2010 12.25% 39.03% 0.28x 1.12x CN¥131.10 Million
2011 9.61% 28.17% 0.25x 1.34x CN¥-26.38 Million
2012 7.90% 23.43% 0.24x 1.42x CN¥-154.07 Million
2013 6.42% 19.64% 0.21x 1.52x CN¥-279.10 Million
2014 3.39% 9.01% 0.23x 1.61x CN¥-522.37 Million
2015 5.10% 17.67% 0.25x 1.17x CN¥-500.68 Million
2016 5.27% 18.52% 0.24x 1.17x CN¥-505.58 Million
2017 5.92% 19.92% 0.25x 1.17x CN¥-455.58 Million
2018 5.74% 18.56% 0.27x 1.16x CN¥-495.76 Million
2019 4.92% 15.60% 0.27x 1.16x CN¥-612.54 Million
2020 0.24% 0.94% 0.20x 1.27x CN¥-1.16 Billion
2021 -0.29% -1.04% 0.13x 2.21x CN¥-1.22 Billion
2022 -10.52% -42.08% 0.11x 2.35x CN¥-2.19 Billion
2023 3.57% 9.53% 0.17x 2.17x CN¥-714.82 Million
2024 3.90% 9.35% 0.20x 2.13x CN¥-692.12 Million

Industry Comparison

This section compares Shenzhen Airport Co Ltd's net assets metrics with peer companies in the Airports & Air Services industry.

Industry Context

  • Industry: Airports & Air Services
  • Average net assets among peers: $8,046,960,862
  • Average return on equity (ROE) among peers: 11.09%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shenzhen Airport Co Ltd (000089) CN¥11.59 Billion 43.02% 1.08x $856.79 Million
Guangzhou Baiyun International Airport Co Ltd (600004) $17.81 Billion 2.48% 0.47x $1.41 Billion
Shanghai International Airport Co Ltd (600009) $3.91 Billion 15.19% 0.06x $3.79 Billion
Xiamen International Airport Co Ltd (600897) $2.42 Billion 15.60% 0.11x $299.71 Million