Hna-Caissa Travel Group Co Ltd (000796) - Net Assets
Based on the latest financial reports, Hna-Caissa Travel Group Co Ltd (000796) has net assets worth CN¥1.06 Billion CNY (≈ $155.17 Million 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¥1.95 Billion ≈ $284.80 Million USD) and total liabilities (CN¥885.87 Million ≈ $129.63 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 000796 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.06 Billion |
| % of Total Assets | 54.48% |
| Annual Growth Rate | 14.27% |
| 5-Year Change | 135.07% |
| 10-Year Change | -49.15% |
| Growth Volatility | 97.55 |
Hna-Caissa Travel Group Co Ltd - Net Assets Trend (1994–2025)
This chart illustrates how Hna-Caissa Travel Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See 000796 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hna-Caissa Travel Group Co Ltd (1994–2025)
The table below shows the annual net assets of Hna-Caissa Travel Group Co Ltd from 1994 to 2025. For live valuation and market cap data, see how much is Hna-Caissa Travel Group Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.05 Billion ≈ $153.61 Million |
+22.61% |
| 2024-12-31 | CN¥856.14 Million ≈ $125.28 Million |
-24.45% |
| 2023-12-31 | CN¥1.13 Billion ≈ $165.82 Million |
+272.17% |
| 2022-12-31 | CN¥-658.18 Million ≈ $-96.31 Million |
-247.39% |
| 2021-12-31 | CN¥446.56 Million ≈ $65.35 Million |
-65.46% |
| 2020-12-31 | CN¥1.29 Billion ≈ $189.18 Million |
-50.07% |
| 2019-12-31 | CN¥2.59 Billion ≈ $378.86 Million |
+8.53% |
| 2018-12-31 | CN¥2.39 Billion ≈ $349.08 Million |
+8.96% |
| 2017-12-31 | CN¥2.19 Billion ≈ $320.37 Million |
+6.06% |
| 2016-12-31 | CN¥2.06 Billion ≈ $302.06 Million |
+17.18% |
| 2015-12-31 | CN¥1.76 Billion ≈ $257.77 Million |
+167.28% |
| 2014-12-31 | CN¥659.07 Million ≈ $96.44 Million |
+5.39% |
| 2013-12-31 | CN¥625.37 Million ≈ $91.51 Million |
+9.10% |
| 2012-12-31 | CN¥573.23 Million ≈ $83.88 Million |
+2.54% |
| 2011-12-31 | CN¥559.01 Million ≈ $81.80 Million |
+4.33% |
| 2010-12-31 | CN¥535.79 Million ≈ $78.40 Million |
-2.57% |
| 2009-12-31 | CN¥549.92 Million ≈ $80.47 Million |
+42.90% |
| 2008-12-31 | CN¥384.81 Million ≈ $56.31 Million |
+1.60% |
| 2007-12-31 | CN¥378.74 Million ≈ $55.42 Million |
+0.13% |
| 2006-12-31 | CN¥378.23 Million ≈ $55.35 Million |
+2.34% |
| 2005-12-31 | CN¥369.57 Million ≈ $54.08 Million |
-22.55% |
| 2004-12-31 | CN¥477.19 Million ≈ $69.83 Million |
-35.42% |
| 2003-12-31 | CN¥738.89 Million ≈ $108.12 Million |
+1.82% |
| 2002-12-31 | CN¥725.66 Million ≈ $106.19 Million |
+3.87% |
| 2001-12-31 | CN¥698.62 Million ≈ $102.23 Million |
+6.22% |
| 2000-12-31 | CN¥657.69 Million ≈ $96.24 Million |
+49.72% |
| 1999-12-31 | CN¥439.29 Million ≈ $64.28 Million |
+17.52% |
| 1998-12-31 | CN¥373.81 Million ≈ $54.70 Million |
+16.53% |
| 1997-12-31 | CN¥320.77 Million ≈ $46.94 Million |
+337.80% |
| 1996-12-31 | CN¥73.27 Million ≈ $10.72 Million |
+279.04% |
| 1995-12-31 | CN¥19.33 Million ≈ $2.83 Million |
+15.10% |
| 1994-12-31 | CN¥16.79 Million ≈ $2.46 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hna-Caissa Travel Group 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 decreased by 243402.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥2.03 Billion | 226.33% |
| Total Equity | CN¥897.86 Million | 100.00% |
Hna-Caissa Travel Group Co Ltd Competitors by Market Cap
The table below lists competitors of Hna-Caissa Travel Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Altamir SCA
PA:LTA
|
$997.96 Million |
|
Cardinal Infrastructure Group Inc. Class A Common Stock
NASDAQ:CDNL
|
$998.48 Million |
|
Beijing Watertek Information Technology Co Ltd
SHE:300324
|
$998.56 Million |
|
Gielda Papierow Wartosciowych w Warszawie SA
WAR:GPW
|
$998.61 Million |
|
DATATEC LTD (UNSP.ADR)/2
F:DTT0
|
$997.41 Million |
|
Aegean Airlines S.A.
AT:AEGN
|
$996.97 Million |
|
Daqo New Energy Corp
F:5DQ2
|
$996.77 Million |
|
Fujian Boss Software Development Co Ltd
SHE:300525
|
$996.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hna-Caissa Travel Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 747,622,738 to 897,856,449, a change of 150,233,711 (20.1%).
- Net income of 28,001,316 contributed positively to equity growth.
- Dividend payments of 5,660,472 reduced retained earnings.
- Other comprehensive income increased equity by 741,289,982.
- Other factors decreased equity by 613,397,115.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥28.00 Million | +3.12% |
| Dividends Paid | CN¥5.66 Million | -0.63% |
| Other Comprehensive Income | CN¥741.29 Million | +82.56% |
| Other Changes | CN¥-613.40 Million | -68.32% |
| Total Change | CN¥- | 20.09% |
Book Value vs Market Value Analysis
This analysis compares Hna-Caissa Travel Group 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: 7.59x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 46.41x to 7.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CN¥0.09 | CN¥4.25 | x |
| 1995-12-31 | CN¥0.11 | CN¥4.25 | x |
| 1996-12-31 | CN¥0.40 | CN¥4.25 | x |
| 1997-12-31 | CN¥1.75 | CN¥4.25 | x |
| 1998-12-31 | CN¥2.04 | CN¥4.25 | x |
| 1999-12-31 | CN¥2.25 | CN¥4.25 | x |
| 2000-12-31 | CN¥3.44 | CN¥4.25 | x |
| 2001-12-31 | CN¥3.61 | CN¥4.25 | x |
| 2002-12-31 | CN¥3.73 | CN¥4.25 | x |
| 2003-12-31 | CN¥3.81 | CN¥4.25 | x |
| 2004-12-31 | CN¥2.40 | CN¥4.25 | x |
| 2005-12-31 | CN¥1.81 | CN¥4.25 | x |
| 2006-12-31 | CN¥1.35 | CN¥4.25 | x |
| 2007-12-31 | CN¥1.35 | CN¥4.25 | x |
| 2008-12-31 | CN¥1.36 | CN¥4.25 | x |
| 2009-12-31 | CN¥1.59 | CN¥4.25 | x |
| 2010-12-31 | CN¥1.77 | CN¥4.25 | x |
| 2011-12-31 | CN¥1.95 | CN¥4.25 | x |
| 2012-12-31 | CN¥1.89 | CN¥4.25 | x |
| 2013-12-31 | CN¥2.07 | CN¥4.25 | x |
| 2014-12-31 | CN¥1.16 | CN¥4.25 | x |
| 2015-12-31 | CN¥2.35 | CN¥4.25 | x |
| 2016-12-31 | CN¥2.33 | CN¥4.25 | x |
| 2017-12-31 | CN¥2.51 | CN¥4.25 | x |
| 2018-12-31 | CN¥2.76 | CN¥4.25 | x |
| 2019-12-31 | CN¥2.98 | CN¥4.25 | x |
| 2020-12-31 | CN¥1.18 | CN¥4.25 | x |
| 2021-12-31 | CN¥0.17 | CN¥4.25 | x |
| 2022-12-31 | CN¥-1.13 | CN¥4.25 | x |
| 2023-12-31 | CN¥0.64 | CN¥4.25 | x |
| 2024-12-31 | CN¥0.48 | CN¥4.25 | x |
| 2025-12-31 | CN¥0.56 | CN¥4.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hna-Caissa Travel Group 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): 3.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.50%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 2.14x
- Recent ROE (3.12%) is above the historical average (-9.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 43.03% | 2.88% | 3.72x | 4.01x | CN¥5.55 Million |
| 1995 | 42.25% | 1.95% | 4.58x | 4.72x | CN¥6.23 Million |
| 1996 | 16.24% | 2.38% | 2.77x | 2.47x | CN¥4.58 Million |
| 1997 | 10.65% | 4.25% | 1.54x | 1.62x | CN¥2.10 Million |
| 1998 | 14.19% | 5.88% | 1.03x | 2.33x | CN¥15.66 Million |
| 1999 | 9.95% | 5.70% | 0.89x | 1.97x | CN¥-198.91K |
| 2000 | 7.32% | 5.47% | 0.81x | 1.65x | CN¥-16.89 Million |
| 2001 | 4.89% | 5.14% | 0.65x | 1.46x | CN¥-33.86 Million |
| 2002 | 3.20% | 3.92% | 0.58x | 1.41x | CN¥-46.60 Million |
| 2003 | 1.96% | 4.79% | 0.27x | 1.51x | CN¥-56.17 Million |
| 2004 | 3.26% | 3.78% | 0.39x | 2.22x | CN¥-29.67 Million |
| 2005 | -32.52% | -18.09% | 0.65x | 2.78x | CN¥-141.22 Million |
| 2006 | 0.27% | 0.13% | 0.92x | 2.32x | CN¥-32.42 Million |
| 2007 | 0.51% | 0.23% | 0.94x | 2.37x | CN¥-31.39 Million |
| 2008 | 1.51% | 0.69% | 0.82x | 2.65x | CN¥-28.51 Million |
| 2009 | 5.92% | 8.81% | 0.35x | 1.90x | CN¥-17.20 Million |
| 2010 | 6.78% | 7.41% | 0.49x | 1.89x | CN¥-14.23 Million |
| 2011 | 3.58% | 3.22% | 0.42x | 2.62x | CN¥-29.25 Million |
| 2012 | 2.71% | 2.30% | 0.55x | 2.13x | CN¥-33.99 Million |
| 2013 | 9.08% | 2.16% | 1.68x | 2.51x | CN¥-4.70 Million |
| 2014 | 16.51% | 2.76% | 2.56x | 2.34x | CN¥35.34 Million |
| 2015 | 12.50% | 4.17% | 1.40x | 2.15x | CN¥41.22 Million |
| 2016 | 11.35% | 3.20% | 1.23x | 2.88x | CN¥25.25 Million |
| 2017 | 10.96% | 2.74% | 1.32x | 3.02x | CN¥19.24 Million |
| 2018 | 8.76% | 2.37% | 1.34x | 2.75x | CN¥-27.53 Million |
| 2019 | 5.25% | 2.08% | 0.93x | 2.72x | CN¥-113.51 Million |
| 2020 | -74.07% | -43.25% | 0.36x | 4.72x | CN¥-792.54 Million |
| 2021 | -510.25% | -73.38% | 0.27x | 25.39x | CN¥-703.29 Million |
| 2022 | 0.00% | -337.75% | 0.12x | 0.00x | CN¥-944.75 Million |
| 2023 | 59.08% | 104.36% | 0.25x | 2.29x | CN¥504.62 Million |
| 2024 | -13.78% | -15.77% | 0.35x | 2.46x | CN¥-177.80 Million |
| 2025 | 3.12% | 3.50% | 0.42x | 2.14x | CN¥-61.78 Million |
Industry Comparison
This section compares Hna-Caissa Travel Group Co Ltd's net assets metrics with peer companies in the Travel Services industry.
Industry Context
- Industry: Travel Services
- Average net assets among peers: $567,229,816
- Average return on equity (ROE) among peers: 10.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hna-Caissa Travel Group Co Ltd (000796) | CN¥1.06 Billion | 43.03% | 0.84x | $997.41 Million |
| Guangzhou Dongfang Hotel Co Ltd (000524) | $1.46 Billion | 9.35% | 1.27x | $886.58 Million |
| Emei Shan Tourism Co Ltd (000888) | $792.41 Million | 13.92% | 0.49x | $734.80 Million |
| Wuhan Sante Cableway Group Co Ltd (002159) | $398.30 Million | 5.38% | 0.86x | $338.84 Million |
| Beijing Utour International Travel Service Co Ltd (002707) | $141.58 Million | 31.21% | 1.51x | $759.28 Million |
| Western Regions Tourism Development (300859) | $298.09 Million | 12.55% | 0.88x | $642.56 Million |
| XiAn Qujiang Cultural Tourism Co Ltd (600706) | $283.94 Million | 10.78% | 2.60x | $272.83 Million |
| Changbai Mountain Tourism Co Ltd (603099) | $906.20 Million | -6.33% | 0.18x | $1.47 Billion |
| Anhui Jiuhuashan Tourism Dvlp (603199) | $256.03 Million | 8.57% | 0.30x | $512.44 Million |
About Hna-Caissa Travel Group Co Ltd
Caissa Tourism Group Co., Ltd. engages in outbound tourism, and air and rail catering industries in China and internationally. The company operates through Tourism Business, Catering and Food and Beverage Business Division, and Destination Business segments. It offers outbound, inbound, and domestic tourism, as well as group tours, customized tours, free travel and cruise tours, airline ticketing… Read more