China Merchants Port Group Co Ltd (201872) - Net Assets
Based on the latest financial reports, China Merchants Port Group Co Ltd (201872) has net assets worth CN¥130.59 Billion CNY (≈ $19.11 Billion 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¥203.14 Billion ≈ $29.73 Billion USD) and total liabilities (CN¥72.56 Billion ≈ $10.62 Billion 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. Also explore balance sheet size of China Merchants Port Group Co Ltd for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥130.59 Billion |
| % of Total Assets | 64.28% |
| Annual Growth Rate | 47.77% |
| 5-Year Change | 21.27% |
| 10-Year Change | N/A |
| Growth Volatility | 368.84 |
China Merchants Port Group Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how China Merchants Port Group Co Ltd's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see China Merchants Port Group Co Ltd market capitalisation.
Annual Net Assets for China Merchants Port Group Co Ltd (2016–2024)
The table below shows the annual net assets of China Merchants Port Group Co Ltd from 2016 to 2024. Explore China Merchants Port Group Co Ltd (201872) cash flow conversion to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥128.16 Billion ≈ $18.75 Billion |
+2.06% |
| 2023-12-31 | CN¥125.57 Billion ≈ $18.37 Billion |
-2.10% |
| 2022-12-31 | CN¥128.26 Billion ≈ $18.77 Billion |
+15.51% |
| 2021-12-31 | CN¥111.04 Billion ≈ $16.25 Billion |
+5.07% |
| 2020-12-31 | CN¥105.68 Billion ≈ $15.46 Billion |
+11.25% |
| 2019-12-31 | CN¥94.99 Billion ≈ $13.90 Billion |
+18.12% |
| 2018-12-31 | CN¥80.42 Billion ≈ $11.77 Billion |
+1124.55% |
| 2017-12-31 | CN¥6.57 Billion ≈ $960.96 Million |
+16.50% |
| 2016-12-31 | CN¥5.64 Billion ≈ $824.87 Million |
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Equity Component Analysis
This analysis shows how different components contribute to China Merchants Port 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 grown by 462.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥21.96 Billion | 35.70% |
| Other Components | CN¥39.54 Billion | 64.30% |
| Total Equity | CN¥61.50 Billion | 100.00% |
China Merchants Port Group Co Ltd Competitors by Market Cap
The table below lists competitors of China Merchants Port Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jinfa Labi Maternity & Baby Articles Co Ltd
SHE:002762
|
$451.22 Million |
|
eQ Oyj
HE:EQV1V
|
$451.34 Million |
|
Bank Tabungan Pensiunan Nasional Syariah PT
JK:BTPS
|
$451.39 Million |
|
FONDUL PRO.GDR REGS LN-85
F:FP4G
|
$451.42 Million |
|
Zhejiang Realsun Chemical Co. Ltd.
SHE:301212
|
$451.20 Million |
|
Jiangmen Kanhoo Industry Co Ltd
SHE:300340
|
$451.14 Million |
|
Goodluck India Limited
NSE:GOODLUCK
|
$451.00 Million |
|
Quality Houses Public Company Limited
BK:QH
|
$450.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Merchants Port Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 58,847,592,948 to 61,502,739,843, a change of 2,655,146,895 (4.5%).
- Net income of 4,516,301,317 contributed positively to equity growth.
- Dividend payments of 3,408,333,148 reduced retained earnings.
- Other factors increased equity by 1,547,178,726.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥4.52 Billion | +7.34% |
| Dividends Paid | CN¥3.41 Billion | -5.54% |
| Other Changes | CN¥1.55 Billion | +2.52% |
| Total Change | CN¥- | 4.51% |
Book Value vs Market Value Analysis
This analysis compares China Merchants Port 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: 0.70x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.24x to 0.70x 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¥7.64 | CN¥17.14 | x |
| 2018-12-31 | CN¥17.15 | CN¥17.14 | x |
| 2019-12-31 | CN¥18.71 | CN¥17.14 | x |
| 2020-12-31 | CN¥19.31 | CN¥17.14 | x |
| 2021-12-31 | CN¥20.70 | CN¥17.14 | x |
| 2022-12-31 | CN¥21.71 | CN¥17.14 | x |
| 2023-12-31 | CN¥23.55 | CN¥17.14 | x |
| 2024-12-31 | CN¥24.59 | CN¥17.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Merchants Port 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): 7.34%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.00%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 3.28x
- Recent ROE (7.34%) is above the historical average (7.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 11.30% | 27.94% | 0.29x | 1.41x | CN¥61.39 Million |
| 2017 | 10.25% | 20.54% | 0.31x | 1.62x | CN¥12.20 Million |
| 2018 | 3.54% | 11.24% | 0.08x | 4.16x | CN¥-1.99 Billion |
| 2019 | 8.06% | 23.90% | 0.08x | 4.36x | CN¥-699.09 Million |
| 2020 | 5.56% | 16.37% | 0.07x | 4.54x | CN¥-1.65 Billion |
| 2021 | 6.75% | 17.57% | 0.09x | 4.42x | CN¥-1.29 Billion |
| 2022 | 6.15% | 20.57% | 0.08x | 3.64x | CN¥-2.09 Billion |
| 2023 | 6.07% | 22.68% | 0.08x | 3.37x | CN¥-2.31 Billion |
| 2024 | 7.34% | 28.00% | 0.08x | 3.28x | CN¥-1.63 Billion |
Industry Comparison
This section compares China Merchants Port Group Co Ltd's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $4,985,662,858
- Average return on equity (ROE) among peers: 7.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Merchants Port Group Co Ltd (201872) | CN¥130.59 Billion | 11.30% | 0.56x | $451.20 Million |
| Shenzhen Yan Tian Port Holdings Co Ltd (000088) | $1.38 Billion | 10.45% | 0.37x | $3.45 Billion |
| Zhuhai Port Co Ltd (000507) | $9.51 Billion | 2.91% | 1.17x | $698.50 Million |
| Chang Jiang Shipping Group Phoenix Co Ltd (000520) | $1.26 Billion | 5.44% | 0.10x | $584.99 Million |
| Beibuwan Port Co Ltd (000582) | $10.72 Billion | 9.18% | 0.69x | $4.08 Billion |
| Xiamen Port Development Co Ltd (000905) | $1.02 Billion | 3.73% | 1.77x | $2.46 Billion |
| Nanjing Shenghang Shipping Co Ltd (001205) | $1.50 Billion | 11.29% | 0.87x | $415.96 Million |
| China Merchants Port Group Co Ltd (001872) | $15.17 Billion | 13.56% | 0.20x | $7.46 Billion |
| Nanjing Port Co Ltd (002040) | $688.95 Million | 3.15% | 0.58x | $710.45 Million |
| Hainan Strait Shipping Co Ltd (002320) | $6.22 Billion | 4.27% | 0.12x | $2.78 Billion |
| Guangdong Great River Smarter Logistics Co Ltd Class A (002930) | $2.39 Billion | 9.53% | 1.66x | $869.62 Million |
About China Merchants Port Group Co Ltd
China Merchants Port Group Co., Ltd., together with its subsidiaries, provides port, bonded logistics, and other services in Mainland China, Hong Kong, Taiwan, and internationally. The company operates through Port Operations, Bonded Logistics Operations, and Other segments. The Port Operations segment includes container terminal operation, and bulk and general cargo terminal operation. The Bonde… Read more