Shenzhen Easttop Supply Chain Management Co Ltd
Shenzhen Easttop Supply Chain Management Co., Ltd. provides integrated supply chain management services in China and internationally. The company offers a range of services, including international freight forwarding, warehousing, customs clearance, procurement, distribution, and logistics solutions. It also provides value-added services, such as inventory management, order fulfillment, and trans… Read more
Shenzhen Easttop Supply Chain Management Co Ltd (002889) - Net Assets
Latest net assets as of September 2025: CN¥2.61 Billion CNY
Based on the latest financial reports, Shenzhen Easttop Supply Chain Management Co Ltd (002889) has net assets worth CN¥2.61 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¥5.20 Billion) and total liabilities (CN¥2.59 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¥2.61 Billion |
| % of Total Assets | 50.15% |
| Annual Growth Rate | 21.75% |
| 5-Year Change | 38.49% |
| 10-Year Change | 264.88% |
| Growth Volatility | 29.26 |
Shenzhen Easttop Supply Chain Management Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Shenzhen Easttop Supply Chain Management 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 Easttop Supply Chain Management Co Ltd (2007–2024)
The table below shows the annual net assets of Shenzhen Easttop Supply Chain Management Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.48 Billion | +8.69% |
| 2023-12-31 | CN¥2.28 Billion | +7.20% |
| 2022-12-31 | CN¥2.13 Billion | +5.71% |
| 2021-12-31 | CN¥2.01 Billion | +12.44% |
| 2020-12-31 | CN¥1.79 Billion | +11.32% |
| 2019-12-31 | CN¥1.61 Billion | +12.31% |
| 2018-12-31 | CN¥1.43 Billion | +10.60% |
| 2017-12-31 | CN¥1.30 Billion | +68.09% |
| 2016-12-31 | CN¥770.54 Million | +13.35% |
| 2015-12-31 | CN¥679.80 Million | +1.56% |
| 2014-12-31 | CN¥669.38 Million | +16.23% |
| 2013-12-31 | CN¥575.92 Million | +16.18% |
| 2012-12-31 | CN¥495.70 Million | +77.69% |
| 2009-12-31 | CN¥278.97 Million | +73.70% |
| 2008-12-31 | CN¥160.60 Million | +83.83% |
| 2007-12-31 | CN¥87.36 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Easttop Supply Chain Management 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 3330.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.64 Billion | 68.79% |
| Common Stock | CN¥269.76 Million | 11.31% |
| Other Components | CN¥474.88 Million | 19.90% |
| Total Equity | CN¥2.39 Billion | 100.00% |
Shenzhen Easttop Supply Chain Management Co Ltd Competitors by Market Cap
The table below lists competitors of Shenzhen Easttop Supply Chain Management Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yamashin-Filter Corp
PINK:YMFCF
|
$208.68 Million |
|
Tyro Payments Ltd
AU:TYR
|
$208.71 Million |
|
Chongqing Yukaifa Co Ltd
SHE:000514
|
$208.71 Million |
|
Bide Pharmatech Co. Ltd. A
SHG:688073
|
$208.77 Million |
|
Hualan Biological Bacterin Inc.
SHE:301207
|
$208.60 Million |
|
Qingdao Hi-Tech Moulds & Plastics Technology Co. Ltd.
SHE:301022
|
$208.53 Million |
|
Shanghai Prosolar Resources Development Co Ltd
SHG:600193
|
$208.52 Million |
|
Neogen Chemicals Limited
NSE:NEOGEN
|
$208.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Easttop Supply Chain Management Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,210,802,862 to 2,385,903,539, a change of 175,100,677 (7.9%).
- Net income of 191,504,285 contributed positively to equity growth.
- Dividend payments of 61,229,909 reduced retained earnings.
- Other factors increased equity by 44,826,301.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥191.50 Million | +8.03% |
| Dividends Paid | CN¥61.23 Million | -2.57% |
| Other Changes | CN¥44.83 Million | +1.88% |
| Total Change | CN¥- | 7.92% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Easttop Supply Chain Management 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: 1.59x
- 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 22.60x to 1.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.62 | CN¥14.03 | x |
| 2008-12-31 | CN¥1.15 | CN¥14.03 | x |
| 2009-12-31 | CN¥1.99 | CN¥14.03 | x |
| 2012-12-31 | CN¥3.56 | CN¥14.03 | x |
| 2013-12-31 | CN¥4.10 | CN¥14.03 | x |
| 2014-12-31 | CN¥4.76 | CN¥14.03 | x |
| 2015-12-31 | CN¥4.75 | CN¥14.03 | x |
| 2016-12-31 | CN¥5.29 | CN¥14.03 | x |
| 2017-12-31 | CN¥7.81 | CN¥14.03 | x |
| 2018-12-31 | CN¥7.43 | CN¥14.03 | x |
| 2019-12-31 | CN¥8.16 | CN¥14.03 | x |
| 2020-12-31 | CN¥9.02 | CN¥14.03 | x |
| 2021-12-31 | CN¥10.12 | CN¥14.03 | x |
| 2022-12-31 | CN¥10.77 | CN¥14.03 | x |
| 2023-12-31 | CN¥11.38 | CN¥14.03 | x |
| 2024-12-31 | CN¥8.85 | CN¥14.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Easttop Supply Chain Management 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): 8.03%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.38%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 2.00x
- Recent ROE (8.03%) is below the historical average (17.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 54.08% | 0.63% | 0.83x | 104.18x | CN¥38.09 Million |
| 2008 | 46.10% | 1.01% | 0.92x | 49.51x | CN¥57.97 Million |
| 2009 | 42.39% | 1.39% | 0.76x | 40.04x | CN¥90.36 Million |
| 2012 | 13.83% | 1.97% | 0.62x | 11.28x | CN¥18.97 Million |
| 2013 | 13.93% | 2.38% | 0.37x | 15.97x | CN¥22.62 Million |
| 2014 | 13.96% | 2.86% | 0.30x | 16.06x | CN¥26.52 Million |
| 2015 | 12.04% | 1.86% | 0.35x | 18.63x | CN¥13.85 Million |
| 2016 | 11.76% | 1.32% | 0.91x | 9.87x | CN¥13.53 Million |
| 2017 | 9.14% | 1.17% | 1.49x | 5.24x | CN¥-11.10 Million |
| 2018 | 9.43% | 1.04% | 1.67x | 5.42x | CN¥-8.19 Million |
| 2019 | 9.57% | 1.07% | 1.18x | 7.61x | CN¥-6.84 Million |
| 2020 | 11.29% | 7.30% | 0.35x | 4.42x | CN¥22.51 Million |
| 2021 | 12.13% | 8.57% | 0.59x | 2.38x | CN¥41.47 Million |
| 2022 | 7.48% | 5.46% | 0.66x | 2.08x | CN¥-52.10 Million |
| 2023 | 7.19% | 5.89% | 0.57x | 2.13x | CN¥-62.15 Million |
| 2024 | 8.03% | 5.38% | 0.75x | 2.00x | CN¥-47.09 Million |
Industry Comparison
This section compares Shenzhen Easttop Supply Chain Management 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: $1,640,934,628
- Average return on equity (ROE) among peers: 7.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Easttop Supply Chain Management Co Ltd (002889) | CN¥2.61 Billion | 54.08% | 0.99x | $208.61 Million |
| Citic Offshore Helicopter Co Ltd (000099) | $1.20 Billion | 6.92% | 0.50x | $1.26 Billion |
| Guangdong Jushen Logistics Co Ltd (001202) | $94.35 Million | 19.14% | 0.14x | $126.68 Million |
| Yongtaiyun Chemical Logistics Co.Ltd (001228) | $1.88 Billion | 7.98% | 1.09x | $200.09 Million |
| San Yang Ma (Chongqing) Logistics Co.Ltd. (001317) | $855.70 Million | 2.35% | 0.83x | $210.32 Million |
| YUNDA Holding Co Ltd (002120) | $84.36 Million | 13.68% | 2.05x | $2.57 Billion |
| S.F. Holding Co. Ltd (002352) | $126.48 Million | 32.88% | 1.12x | $10.96 Billion |
| STO Express Co Ltd (002468) | $7.88 Billion | -11.54% | 1.38x | $1.01 Billion |
| Hubeiyichang Transportation Group Co Ltd (002627) | $2.33 Billion | 4.94% | 0.81x | $493.16 Million |
| Shenzhen Prolto Supply Chain Management Co Ltd (002769) | $1.38 Billion | -6.14% | 4.12x | $411.09 Million |
| Xinjiang Tianshun Supply Chain Co Ltd (002800) | $582.68 Million | 6.88% | 0.81x | $234.39 Million |