Hainan Strait Shipping Co Ltd
Hainan Strait Shipping Co.,Ltd. provides ship transportation and ferry port services in China. It operates passenger and vehicle ferry routes. The company was founded in 2002 and is headquartered in Haikou, China. Hainan Strait Shipping Co.,Ltd. is a subsidiary of Hainan Port and Waterway Holding Co., Ltd.
Hainan Strait Shipping Co Ltd (002320) - Net Assets
Latest net assets as of September 2025: CN¥6.08 Billion CNY
Based on the latest financial reports, Hainan Strait Shipping Co Ltd (002320) has net assets worth CN¥6.08 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¥9.83 Billion) and total liabilities (CN¥3.75 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¥6.08 Billion |
| % of Total Assets | 61.86% |
| Annual Growth Rate | 20.05% |
| 5-Year Change | 61.27% |
| 10-Year Change | 208.03% |
| Growth Volatility | 94.91 |
Hainan Strait Shipping Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Hainan Strait Shipping 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 Hainan Strait Shipping Co Ltd (2006–2024)
The table below shows the annual net assets of Hainan Strait Shipping Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.41 Billion | +2.33% |
| 2023-12-31 | CN¥6.26 Billion | -2.03% |
| 2022-12-31 | CN¥6.39 Billion | +2.72% |
| 2021-12-31 | CN¥6.22 Billion | +56.61% |
| 2020-12-31 | CN¥3.97 Billion | +4.82% |
| 2019-12-31 | CN¥3.79 Billion | +4.25% |
| 2018-12-31 | CN¥3.64 Billion | +1.50% |
| 2017-12-31 | CN¥3.58 Billion | +51.32% |
| 2016-12-31 | CN¥2.37 Billion | +13.80% |
| 2015-12-31 | CN¥2.08 Billion | +5.49% |
| 2014-12-31 | CN¥1.97 Billion | +3.45% |
| 2013-12-31 | CN¥1.91 Billion | +0.82% |
| 2012-12-31 | CN¥1.89 Billion | +0.18% |
| 2011-12-31 | CN¥1.89 Billion | +5.69% |
| 2010-12-31 | CN¥1.79 Billion | +5.51% |
| 2009-12-31 | CN¥1.69 Billion | +419.57% |
| 2008-12-31 | CN¥325.67 Million | +15.33% |
| 2007-12-31 | CN¥282.38 Million | +18.18% |
| 2006-12-31 | CN¥238.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hainan Strait Shipping 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 2594.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.45 Billion | 33.77% |
| Common Stock | CN¥2.23 Billion | 52.00% |
| Other Comprehensive Income | CN¥312.23 Million | 7.28% |
| Other Components | CN¥297.65 Million | 6.94% |
| Total Equity | CN¥4.29 Billion | 100.00% |
Hainan Strait Shipping Co Ltd Competitors by Market Cap
The table below lists competitors of Hainan Strait Shipping Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Runda Med Tech Co
SHG:603108
|
$783.77 Million |
|
NISSHIN OILLIO GRP
F:8WC
|
$783.84 Million |
|
Noah Holdings Ltd
NYSE:NOAH
|
$783.86 Million |
|
Shanghai SMI Holding Co Ltd
SHG:600649
|
$784.03 Million |
|
Paul Hartmann AG
F:PHH2
|
$783.58 Million |
|
Anhui Shanying Paper Industry Co Ltd
SHG:600567
|
$783.39 Million |
|
Shenzhen Gongjin Electn
SHG:603118
|
$783.32 Million |
|
Xinjiang Tianshan Cement Co Ltd
SHE:000877
|
$783.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hainan Strait Shipping Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,281,369,982 to 4,286,211,736, a change of 4,841,754 (0.1%).
- Net income of 256,882,200 contributed positively to equity growth.
- Dividend payments of 270,553,777 reduced retained earnings.
- Share repurchases of 14,946,120 reduced equity.
- Other comprehensive income increased equity by 305,976,999.
- Other factors decreased equity by 272,517,548.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥256.88 Million | +5.99% |
| Dividends Paid | CN¥270.55 Million | -6.31% |
| Share Repurchases | CN¥14.95 Million | -0.35% |
| Other Comprehensive Income | CN¥305.98 Million | +7.14% |
| Other Changes | CN¥-272.52 Million | -6.36% |
| Total Change | CN¥- | 0.11% |
Book Value vs Market Value Analysis
This analysis compares Hainan Strait Shipping 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: 4.93x
- 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 55.64x to 4.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.17 | CN¥9.48 | x |
| 2007-12-31 | CN¥0.20 | CN¥9.48 | x |
| 2008-12-31 | CN¥0.23 | CN¥9.48 | x |
| 2009-12-31 | CN¥1.20 | CN¥9.48 | x |
| 2010-12-31 | CN¥0.93 | CN¥9.48 | x |
| 2011-12-31 | CN¥0.99 | CN¥9.48 | x |
| 2012-12-31 | CN¥1.00 | CN¥9.48 | x |
| 2013-12-31 | CN¥1.01 | CN¥9.48 | x |
| 2014-12-31 | CN¥1.07 | CN¥9.48 | x |
| 2015-12-31 | CN¥1.13 | CN¥9.48 | x |
| 2016-12-31 | CN¥1.28 | CN¥9.48 | x |
| 2017-12-31 | CN¥2.10 | CN¥9.48 | x |
| 2018-12-31 | CN¥1.63 | CN¥9.48 | x |
| 2019-12-31 | CN¥1.70 | CN¥9.48 | x |
| 2020-12-31 | CN¥1.78 | CN¥9.48 | x |
| 2021-12-31 | CN¥1.79 | CN¥9.48 | x |
| 2022-12-31 | CN¥1.77 | CN¥9.48 | x |
| 2023-12-31 | CN¥1.92 | CN¥9.48 | x |
| 2024-12-31 | CN¥1.92 | CN¥9.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hainan Strait Shipping 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): 5.99%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.09%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.81x
- Recent ROE (5.99%) is below the historical average (10.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 24.74% | 19.67% | 0.85x | 1.48x | CN¥35.21 Million |
| 2007 | 34.19% | 25.11% | 0.97x | 1.40x | CN¥68.30 Million |
| 2008 | 39.47% | 28.51% | 0.98x | 1.41x | CN¥95.98 Million |
| 2009 | 8.10% | 28.48% | 0.27x | 1.05x | CN¥-32.17 Million |
| 2010 | 10.52% | 31.27% | 0.33x | 1.02x | CN¥9.22 Million |
| 2011 | 11.03% | 33.10% | 0.32x | 1.03x | CN¥19.20 Million |
| 2012 | 7.07% | 22.76% | 0.30x | 1.05x | CN¥-54.79 Million |
| 2013 | 4.51% | 15.92% | 0.28x | 1.02x | CN¥-104.00 Million |
| 2014 | 4.28% | 14.07% | 0.27x | 1.12x | CN¥-112.11 Million |
| 2015 | 5.67% | 17.18% | 0.30x | 1.10x | CN¥-89.51 Million |
| 2016 | 5.87% | 17.84% | 0.30x | 1.11x | CN¥-97.10 Million |
| 2017 | 6.36% | 23.29% | 0.25x | 1.09x | CN¥-130.34 Million |
| 2018 | 5.79% | 20.06% | 0.27x | 1.07x | CN¥-152.94 Million |
| 2019 | 5.78% | 19.74% | 0.27x | 1.07x | CN¥-159.78 Million |
| 2020 | 6.28% | 23.25% | 0.25x | 1.07x | CN¥-147.83 Million |
| 2021 | 6.68% | 19.00% | 0.20x | 1.76x | CN¥-132.06 Million |
| 2022 | 3.86% | 5.13% | 0.39x | 1.93x | CN¥-241.77 Million |
| 2023 | 10.13% | 11.03% | 0.51x | 1.81x | CN¥5.40 Million |
| 2024 | 5.99% | 6.09% | 0.54x | 1.81x | CN¥-171.74 Million |
Industry Comparison
This section compares Hainan Strait Shipping Co Ltd's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $3,145,025,447
- Average return on equity (ROE) among peers: 8.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hainan Strait Shipping Co Ltd (002320) | CN¥6.08 Billion | 24.74% | 0.62x | $783.60 Million |
| Shenzhen Yan Tian Port Holdings Co Ltd (000088) | $3.72 Billion | 17.99% | 0.10x | $849.00 Million |
| Zhuhai Port Co Ltd (000507) | $932.64 Million | 5.42% | 0.22x | $488.00 Million |
| Chang Jiang Shipping Group Phoenix Co Ltd (000520) | $317.14 Million | 16.02% | 0.64x | $418.77 Million |
| Beibuwan Port Co Ltd (000582) | $474.59 Million | -8.73% | 0.79x | $1.20 Billion |
| Xiamen Port Development Co Ltd (000905) | $936.16 Million | 19.55% | 1.97x | $545.78 Million |
| Nanjing Shenghang Shipping Co Ltd (001205) | $626.22 Million | 9.64% | 0.53x | $262.70 Million |
| Nanjing Port Co Ltd (002040) | $3.54 Billion | 4.12% | 0.34x | $231.18 Million |
| Guangdong Great River Smarter Logistics Co Ltd Class A (002930) | $3.00 Billion | 9.89% | 2.16x | $371.36 Million |
| Rizhao Port Co Ltd (600017) | $14.76 Billion | 4.99% | 0.98x | $693.50 Million |