Hainan Strait Shipping Co Ltd (002320) - Net Assets
Based on the latest financial reports, Hainan Strait Shipping Co Ltd (002320) has net assets worth CN¥6.36 Billion CNY (≈ $930.99 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¥9.89 Billion ≈ $1.45 Billion USD) and total liabilities (CN¥3.53 Billion ≈ $515.86 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 Hainan Strait Shipping Co Ltd (002320) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥6.36 Billion |
| % of Total Assets | 64.35% |
| Annual Growth Rate | 18.59% |
| 5-Year Change | -1.98% |
| 10-Year Change | 81.21% |
| Growth Volatility | 93.02 |
Hainan Strait Shipping Co Ltd - Net Assets Trend (2006–2025)
This chart illustrates how Hainan Strait Shipping Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002320 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hainan Strait Shipping Co Ltd (2006–2025)
The table below shows the annual net assets of Hainan Strait Shipping Co Ltd from 2006 to 2025. For live valuation and market cap data, see 002320 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥6.10 Billion ≈ $892.31 Million |
-4.82% |
| 2024-12-31 | CN¥6.41 Billion ≈ $937.46 Million |
+2.33% |
| 2023-12-31 | CN¥6.26 Billion ≈ $916.11 Million |
-2.03% |
| 2022-12-31 | CN¥6.39 Billion ≈ $935.06 Million |
+2.72% |
| 2021-12-31 | CN¥6.22 Billion ≈ $910.33 Million |
+56.68% |
| 2020-12-31 | CN¥3.97 Billion ≈ $581.03 Million |
+4.78% |
| 2019-12-31 | CN¥3.79 Billion ≈ $554.54 Million |
+4.25% |
| 2018-12-31 | CN¥3.64 Billion ≈ $531.93 Million |
+1.50% |
| 2017-12-31 | CN¥3.58 Billion ≈ $524.06 Million |
+6.43% |
| 2016-12-31 | CN¥3.37 Billion ≈ $492.41 Million |
+61.80% |
| 2015-12-31 | CN¥2.08 Billion ≈ $304.34 Million |
+5.49% |
| 2014-12-31 | CN¥1.97 Billion ≈ $288.51 Million |
+3.45% |
| 2013-12-31 | CN¥1.91 Billion ≈ $278.90 Million |
+0.82% |
| 2012-12-31 | CN¥1.89 Billion ≈ $276.63 Million |
+0.18% |
| 2011-12-31 | CN¥1.89 Billion ≈ $276.12 Million |
+5.69% |
| 2010-12-31 | CN¥1.79 Billion ≈ $261.25 Million |
+5.51% |
| 2009-12-31 | CN¥1.69 Billion ≈ $247.61 Million |
+419.57% |
| 2008-12-31 | CN¥325.67 Million ≈ $47.66 Million |
+15.33% |
| 2007-12-31 | CN¥282.38 Million ≈ $41.32 Million |
+18.18% |
| 2006-12-31 | CN¥238.94 Million ≈ $34.96 Million |
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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 2456.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.37 Billion | 34.34% |
| Other Components | CN¥2.63 Billion | 65.66% |
| Total Equity | CN¥4.00 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 |
|---|---|
|
Iluka Resources Limited
F:ILZ
|
$2.24 Billion |
|
P/F Bakkafrost
F:6BF
|
$2.24 Billion |
|
Fibocom Wireless Inc
SHE:300638
|
$2.25 Billion |
|
Südzucker AG
F:SZU
|
$2.25 Billion |
|
Arion banki hf
IC:ARION
|
$2.24 Billion |
|
A-Zenith Home Furnishings Co Ltd
SHG:603389
|
$2.24 Billion |
|
China Camc Engineering Co Ltd
SHE:002051
|
$2.24 Billion |
|
Select Energy Services Inc
NYSE:WTTR
|
$2.24 Billion |
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 2024 to 2025, total equity changed from 4,286,211,736 to 3,998,937,998, a change of -287,273,738 (-6.7%).
- Net income of 173,142,157 contributed positively to equity growth.
- Dividend payments of 156,007,012 reduced retained earnings.
- Other comprehensive income decreased equity by 312,231,586.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥173.14 Million | +4.33% |
| Dividends Paid | CN¥156.01 Million | -3.9% |
| Other Comprehensive Income | CN¥-312.23 Million | -7.81% |
| Other Changes | CN¥7.82 Million | +0.2% |
| Total Change | CN¥- | -6.70% |
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: 3.83x
- 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 40.26x to 3.83x 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¥6.86 | x |
| 2007-12-31 | CN¥0.20 | CN¥6.86 | x |
| 2008-12-31 | CN¥0.23 | CN¥6.86 | x |
| 2009-12-31 | CN¥1.20 | CN¥6.86 | x |
| 2010-12-31 | CN¥0.93 | CN¥6.86 | x |
| 2011-12-31 | CN¥0.99 | CN¥6.86 | x |
| 2012-12-31 | CN¥1.00 | CN¥6.86 | x |
| 2013-12-31 | CN¥1.01 | CN¥6.86 | x |
| 2014-12-31 | CN¥1.07 | CN¥6.86 | x |
| 2015-12-31 | CN¥1.12 | CN¥6.86 | x |
| 2016-12-31 | CN¥1.82 | CN¥6.86 | x |
| 2017-12-31 | CN¥1.61 | CN¥6.86 | x |
| 2018-12-31 | CN¥1.63 | CN¥6.86 | x |
| 2019-12-31 | CN¥1.73 | CN¥6.86 | x |
| 2020-12-31 | CN¥1.78 | CN¥6.86 | x |
| 2021-12-31 | CN¥1.79 | CN¥6.86 | x |
| 2022-12-31 | CN¥1.77 | CN¥6.86 | x |
| 2023-12-31 | CN¥1.92 | CN¥6.86 | x |
| 2024-12-31 | CN¥1.92 | CN¥6.86 | x |
| 2025-12-31 | CN¥1.79 | CN¥6.86 | 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): 4.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.38%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 2.35x
- Recent ROE (4.33%) is below the historical average (10.45%), 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% | 29.36% | 0.26x | 1.05x | CN¥-32.17 Million |
| 2010 | 10.52% | 31.27% | 0.33x | 1.02x | CN¥9.22 Million |
| 2011 | 11.03% | 31.99% | 0.33x | 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 | 4.13% | 17.84% | 0.21x | 1.09x | CN¥-196.93 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 | 1.08x | CN¥-147.66 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 |
| 2025 | 4.33% | 3.38% | 0.55x | 2.35x | CN¥-226.75 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: $9,342,621,203
- Average return on equity (ROE) among peers: 10.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hainan Strait Shipping Co Ltd (002320) | CN¥6.36 Billion | 24.74% | 0.55x | $2.24 Billion |
| Shenzhen Yan Tian Port Holdings Co Ltd (000088) | $3.72 Billion | 17.99% | 0.10x | $3.29 Billion |
| Zhuhai Port Co Ltd (000507) | $879.39 Million | 4.64% | 0.20x | $654.09 Million |
| Chang Jiang Shipping Group Phoenix Co Ltd (000520) | $370.01 Million | 20.53% | 0.03x | $670.89 Million |
| Beibuwan Port Co Ltd (000582) | $21.45 Billion | 4.84% | 0.85x | $4.42 Billion |
| Xiamen Port Development Co Ltd (000905) | $4.60 Billion | 2.92% | 1.27x | $1.94 Billion |
| Nanjing Shenghang Shipping Co Ltd (001205) | $1.31 Billion | 9.91% | 0.36x | $389.83 Million |
| China Merchants Port Group Co Ltd (001872) | $49.37 Billion | 11.90% | 0.59x | $6.72 Billion |
| Nanjing Port Co Ltd (002040) | $486.74 Million | 12.38% | 0.13x | $612.63 Million |
| Guangdong Great River Smarter Logistics Co Ltd Class A (002930) | $1.90 Billion | 7.66% | 0.88x | $631.29 Million |
About Hainan Strait Shipping Co Ltd
Hainan Strait Shipping Co.,Ltd. provides shipping and ferry port services in China. The company operates passenger, vehicle, and roll-on/roll-off ferry routes. It also engages in business services; loading, unloading, and warehousing services; ship vessel leasing; machinery and equipment operation and leasing; and commercial service activities. The company was founded in 2002 and is headquartered… Read more