Citic Offshore Helicopter Co Ltd (000099) - Net Assets
Based on the latest financial reports, Citic Offshore Helicopter Co Ltd (000099) has net assets worth CN¥5.49 Billion CNY (≈ $802.87 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¥7.38 Billion ≈ $1.08 Billion USD) and total liabilities (CN¥1.90 Billion ≈ $277.73 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 000099 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.49 Billion |
| % of Total Assets | 74.3% |
| Annual Growth Rate | 8.18% |
| 5-Year Change | 51.15% |
| 10-Year Change | 93.14% |
| Growth Volatility | 8.38 |
Citic Offshore Helicopter Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Citic Offshore Helicopter Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Citic Offshore Helicopter Co Ltd (000099) total assets for the complete picture of this company's asset base.
Annual Net Assets for Citic Offshore Helicopter Co Ltd (2000–2024)
The table below shows the annual net assets of Citic Offshore Helicopter Co Ltd from 2000 to 2024. For live valuation and market cap data, see Citic Offshore Helicopter Co Ltd (000099) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥5.44 Billion ≈ $795.34 Million |
+3.93% |
| 2023-12-31 | CN¥5.23 Billion ≈ $765.25 Million |
+2.12% |
| 2022-12-31 | CN¥5.12 Billion ≈ $749.40 Million |
+3.42% |
| 2021-12-31 | CN¥4.95 Billion ≈ $724.62 Million |
+37.71% |
| 2020-12-31 | CN¥3.60 Billion ≈ $526.19 Million |
+6.04% |
| 2019-12-31 | CN¥3.39 Billion ≈ $496.22 Million |
+5.88% |
| 2018-12-31 | CN¥3.20 Billion ≈ $468.68 Million |
+4.55% |
| 2017-12-31 | CN¥3.06 Billion ≈ $448.28 Million |
+6.51% |
| 2016-12-31 | CN¥2.88 Billion ≈ $420.87 Million |
+2.20% |
| 2015-12-31 | CN¥2.81 Billion ≈ $411.80 Million |
+3.34% |
| 2014-12-31 | CN¥2.72 Billion ≈ $398.49 Million |
+10.83% |
| 2013-12-31 | CN¥2.46 Billion ≈ $359.55 Million |
+23.27% |
| 2012-12-31 | CN¥1.99 Billion ≈ $291.67 Million |
+14.94% |
| 2011-12-31 | CN¥1.73 Billion ≈ $253.77 Million |
+7.04% |
| 2010-12-31 | CN¥1.62 Billion ≈ $237.08 Million |
+6.40% |
| 2009-12-31 | CN¥1.52 Billion ≈ $222.82 Million |
+6.11% |
| 2008-12-31 | CN¥1.44 Billion ≈ $209.99 Million |
+4.86% |
| 2007-12-31 | CN¥1.37 Billion ≈ $200.26 Million |
+4.62% |
| 2006-12-31 | CN¥1.31 Billion ≈ $191.40 Million |
+3.16% |
| 2005-12-31 | CN¥1.27 Billion ≈ $185.55 Million |
+5.35% |
| 2004-12-31 | CN¥1.20 Billion ≈ $176.12 Million |
+4.19% |
| 2003-12-31 | CN¥1.16 Billion ≈ $169.03 Million |
+24.98% |
| 2002-12-31 | CN¥924.27 Million ≈ $135.25 Million |
+5.55% |
| 2001-12-31 | CN¥875.66 Million ≈ $128.14 Million |
+6.28% |
| 2000-12-31 | CN¥823.93 Million ≈ $120.57 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Citic Offshore Helicopter 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 19634.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.22 Billion | 41.64% |
| Other Components | CN¥3.11 Billion | 58.36% |
| Total Equity | CN¥5.32 Billion | 100.00% |
Citic Offshore Helicopter Co Ltd Competitors by Market Cap
The table below lists competitors of Citic Offshore Helicopter Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BM EUROP.UNSP.ADR /4
F:BMNU
|
$2.07 Billion |
|
Harbin Electric
F:HP6H
|
$2.07 Billion |
|
REMY UNSP.ADR 1/10/EO 16
F:RMC0
|
$2.07 Billion |
|
Aerospace Nanhu Electronic Information Technology Co. Ltd. A
SHG:688552
|
$2.07 Billion |
|
IJM Corporation Bhd
KLSE:3336
|
$2.07 Billion |
|
Compania Cervecerias Unidas SA ADR
NYSE:CCU
|
$2.07 Billion |
|
Vanchip (Tianjin) Technology Co. Ltd. A
SHG:688153
|
$2.07 Billion |
|
Shenzhen Topband Co Ltd
SHE:002139
|
$2.07 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Citic Offshore Helicopter Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,101,849,791 to 5,321,563,823, a change of 219,714,032 (4.3%).
- Net income of 303,229,956 contributed positively to equity growth.
- Dividend payments of 63,773,098 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥303.23 Million | +5.7% |
| Dividends Paid | CN¥63.77 Million | -1.2% |
| Other Changes | CN¥-19.74 Million | -0.37% |
| Total Change | CN¥- | 4.31% |
Book Value vs Market Value Analysis
This analysis compares Citic Offshore Helicopter 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: 2.66x
- 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 3.75x to 2.66x 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¥4.86 | CN¥18.22 | x |
| 2018-12-31 | CN¥5.08 | CN¥18.22 | x |
| 2019-12-31 | CN¥5.40 | CN¥18.22 | x |
| 2020-12-31 | CN¥5.74 | CN¥18.22 | x |
| 2021-12-31 | CN¥6.10 | CN¥18.22 | x |
| 2022-12-31 | CN¥6.34 | CN¥18.22 | x |
| 2023-12-31 | CN¥6.58 | CN¥18.22 | x |
| 2024-12-31 | CN¥6.86 | CN¥18.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Citic Offshore Helicopter 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): 5.70%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.02%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.33x
- Recent ROE (5.70%) is below the historical average (6.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 6.22% | 17.24% | 0.27x | 1.33x | CN¥-31.14 Million |
| 2001 | 7.08% | 19.45% | 0.29x | 1.25x | CN¥-25.28 Million |
| 2002 | 6.79% | 18.73% | 0.24x | 1.52x | CN¥-29.35 Million |
| 2003 | 7.06% | 20.93% | 0.24x | 1.40x | CN¥-33.61 Million |
| 2004 | 7.07% | 19.14% | 0.24x | 1.53x | CN¥-34.57 Million |
| 2005 | 7.34% | 19.39% | 0.24x | 1.60x | CN¥-32.96 Million |
| 2006 | 5.57% | 14.61% | 0.24x | 1.61x | CN¥-56.66 Million |
| 2008 | 6.61% | 13.70% | 0.29x | 1.64x | CN¥-47.65 Million |
| 2009 | 7.49% | 13.85% | 0.32x | 1.68x | CN¥-37.45 Million |
| 2010 | 7.74% | 14.00% | 0.35x | 1.58x | CN¥-35.90 Million |
| 2011 | 8.16% | 14.08% | 0.36x | 1.59x | CN¥-31.31 Million |
| 2012 | 7.28% | 13.09% | 0.31x | 1.80x | CN¥-53.45 Million |
| 2013 | 7.92% | 16.19% | 0.31x | 1.58x | CN¥-50.54 Million |
| 2014 | 7.51% | 15.11% | 0.30x | 1.65x | CN¥-67.04 Million |
| 2015 | 6.09% | 13.14% | 0.26x | 1.78x | CN¥-108.79 Million |
| 2016 | 3.03% | 7.33% | 0.24x | 1.72x | CN¥-197.98 Million |
| 2017 | 3.09% | 7.17% | 0.23x | 1.91x | CN¥-203.73 Million |
| 2018 | 4.89% | 10.55% | 0.25x | 1.84x | CN¥-157.32 Million |
| 2019 | 6.47% | 13.49% | 0.27x | 1.79x | CN¥-115.54 Million |
| 2020 | 6.28% | 14.01% | 0.28x | 1.59x | CN¥-129.42 Million |
| 2021 | 5.21% | 14.67% | 0.25x | 1.40x | CN¥-226.42 Million |
| 2022 | 3.95% | 10.80% | 0.28x | 1.31x | CN¥-297.73 Million |
| 2023 | 4.69% | 12.14% | 0.31x | 1.23x | CN¥-271.06 Million |
| 2024 | 5.70% | 14.02% | 0.31x | 1.33x | CN¥-228.93 Million |
Industry Comparison
This section compares Citic Offshore Helicopter Co Ltd's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $4,470,965,169
- Average return on equity (ROE) among peers: 20.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Citic Offshore Helicopter Co Ltd (000099) | CN¥5.49 Billion | 6.22% | 0.35x | $2.07 Billion |
| Guangdong Jushen Logistics Co Ltd (001202) | $51.42 Million | 8.12% | 0.47x | $425.40 Million |
| YUNDA Holding Co Ltd (002120) | $5.25 Billion | 30.25% | 0.79x | $3.35 Billion |
| S.F. Holding Co. Ltd (002352) | $32.73 Billion | 14.59% | 0.76x | $26.47 Billion |
| STO Express Co Ltd (002468) | $242.34 Million | 62.69% | 1.08x | $3.65 Billion |
| Hubeiyichang Transportation Group Co Ltd (002627) | $268.43 Million | 28.09% | 1.38x | $771.91 Million |
| Shenzhen Prolto Supply Chain Management Co Ltd (002769) | $75.60 Million | 23.23% | 6.45x | $547.92 Million |
| Xinjiang Tianshun Supply Chain Co Ltd (002800) | $575.26 Million | 2.11% | 0.93x | $405.04 Million |
| Shenzhen Easttop Supply Chain Management Co Ltd (002889) | $679.80 Million | 12.04% | 17.63x | $741.10 Million |
| Jiangsu Xinning Modern Logist (300013) | $359.48 Million | 1.37% | 0.50x | $372.58 Million |
About Citic Offshore Helicopter Co Ltd
CITIC Offshore Helicopter Co., Ltd. engages in the general aviation industry in China. The company provides general aviation services, including helicopter offshore oil flight services, emergency rescue, port pilotage, land navigation, and general aviation maintenance services. It also owns and operates a fleet of 84 aircraft. The company was formerly known as China National Offshore Helicopter P… Read more