Western Regions Tourism Development (300859) - Net Assets
Based on the latest financial reports, Western Regions Tourism Development (300859) has net assets worth CN¥771.86 Million CNY (≈ $112.95 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¥1.05 Billion ≈ $153.72 Million USD) and total liabilities (CN¥278.61 Million ≈ $40.77 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 financial resilience of Western Regions Tourism Development to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥771.86 Million |
| % of Total Assets | 73.48% |
| Annual Growth Rate | 11.6% |
| 5-Year Change | 25.74% |
| 10-Year Change | N/A |
| Growth Volatility | 13.5 |
Western Regions Tourism Development - Net Assets Trend (2016–2025)
This chart illustrates how Western Regions Tourism Development's net assets have evolved over time, based on quarterly financial data. Also explore 300859 total assets for the complete picture of this company's asset base.
Annual Net Assets for Western Regions Tourism Development (2016–2025)
The table below shows the annual net assets of Western Regions Tourism Development from 2016 to 2025. For live valuation and market cap data, see 300859 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥800.24 Million ≈ $117.10 Million |
+3.00% |
| 2024-12-31 | CN¥776.89 Million ≈ $113.68 Million |
+6.53% |
| 2023-12-31 | CN¥729.27 Million ≈ $106.72 Million |
+18.92% |
| 2022-12-31 | CN¥613.26 Million ≈ $89.74 Million |
-3.64% |
| 2021-12-31 | CN¥636.41 Million ≈ $93.13 Million |
+4.43% |
| 2020-12-31 | CN¥609.41 Million ≈ $89.18 Million |
+46.37% |
| 2019-12-31 | CN¥416.35 Million ≈ $60.93 Million |
+11.97% |
| 2018-12-31 | CN¥371.84 Million ≈ $54.41 Million |
+11.97% |
| 2017-12-31 | CN¥332.08 Million ≈ $48.59 Million |
+11.40% |
| 2016-12-31 | CN¥298.09 Million ≈ $43.62 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Western Regions Tourism Development'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 302.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥266.59 Million | 34.10% |
| Other Components | CN¥515.08 Million | 65.90% |
| Total Equity | CN¥781.67 Million | 100.00% |
Western Regions Tourism Development Competitors by Market Cap
The table below lists competitors of Western Regions Tourism Development ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Grupa Azoty S.A.
WAR:ATT
|
$662.30 Million |
|
Shanghai Baosight Software Co Ltd B
SHG:900926
|
$662.32 Million |
|
Aubay Société Anonyme
PA:AUB
|
$662.40 Million |
|
Doosan Skoda Power as
PR:DSPW
|
$662.51 Million |
|
IS Dongseo
KO:010780
|
$661.73 Million |
|
Integrated Electronic Systems Lab Co Ltd
SHE:002339
|
$661.67 Million |
|
Shore Bancshares Inc
NASDAQ:SHBI
|
$661.52 Million |
|
Sejin Heavy Industries Co Ltd
KO:075580
|
$661.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Western Regions Tourism Development's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 757,588,139 to 781,673,095, a change of 24,084,956 (3.2%).
- Net income of 74,681,465 contributed positively to equity growth.
- Dividend payments of 50,405,442 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥74.68 Million | +9.55% |
| Dividends Paid | CN¥50.41 Million | -6.45% |
| Other Changes | CN¥-191.07K | -0.02% |
| Total Change | CN¥- | 3.18% |
Book Value vs Market Value Analysis
This analysis compares Western Regions Tourism Development'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: 5.79x
- 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 10.42x to 5.79x 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¥2.80 | CN¥29.20 | x |
| 2018-12-31 | CN¥3.14 | CN¥29.20 | x |
| 2019-12-31 | CN¥3.58 | CN¥29.20 | x |
| 2020-12-31 | CN¥3.93 | CN¥29.20 | x |
| 2021-12-31 | CN¥4.11 | CN¥29.20 | x |
| 2022-12-31 | CN¥3.95 | CN¥29.20 | x |
| 2023-12-31 | CN¥4.63 | CN¥29.20 | x |
| 2024-12-31 | CN¥4.89 | CN¥29.20 | x |
| 2025-12-31 | CN¥5.04 | CN¥29.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Western Regions Tourism Development 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): 9.55%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.91%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.44x
- Recent ROE (9.55%) is above the historical average (8.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 12.80% | 19.92% | 0.34x | 1.91x | CN¥8.18 Million |
| 2017 | 13.85% | 23.25% | 0.40x | 1.51x | CN¥12.53 Million |
| 2018 | 13.97% | 26.52% | 0.38x | 1.37x | CN¥14.49 Million |
| 2019 | 17.68% | 30.52% | 0.46x | 1.26x | CN¥31.94 Million |
| 2020 | -7.10% | -84.51% | 0.07x | 1.20x | CN¥-104.22 Million |
| 2021 | 4.23% | 18.03% | 0.20x | 1.15x | CN¥-36.71 Million |
| 2022 | -1.52% | -9.09% | 0.15x | 1.12x | CN¥-70.49 Million |
| 2023 | 14.71% | 34.59% | 0.39x | 1.09x | CN¥33.83 Million |
| 2024 | 11.42% | 28.49% | 0.28x | 1.44x | CN¥10.75 Million |
| 2025 | 9.55% | 22.91% | 0.29x | 1.44x | CN¥-3.49 Million |
Industry Comparison
This section compares Western Regions Tourism Development's net assets metrics with peer companies in the Travel Services industry.
Industry Context
- Industry: Travel Services
- Average net assets among peers: $1,577,050,351
- Average return on equity (ROE) among peers: 0.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Western Regions Tourism Development (300859) | CN¥771.86 Million | 12.80% | 0.36x | $662.30 Million |
| Guangzhou Dongfang Hotel Co Ltd (000524) | $2.31 Billion | 3.03% | 0.67x | $925.81 Million |
| Hna-Caissa Travel Group Co Ltd (000796) | $2.19 Billion | 10.08% | 1.78x | $1.12 Billion |
| Emei Shan Tourism Co Ltd (000888) | $1.60 Billion | 7.12% | 0.20x | $807.28 Million |
| Wuhan Sante Cableway Group Co Ltd (002159) | $1.20 Billion | 3.58% | 0.86x | $398.51 Million |
| Beijing Utour International Travel Service Co Ltd (002707) | $2.48 Billion | 2.76% | 1.30x | $829.74 Million |
| XiAn Qujiang Cultural Tourism Co Ltd (600706) | $819.63 Million | -23.84% | 3.44x | $314.26 Million |
| Changbai Mountain Tourism Co Ltd (603099) | $906.20 Million | -6.33% | 0.18x | $1.52 Billion |
| Anhui Jiuhuashan Tourism Dvlp (603199) | $1.10 Billion | 8.37% | 0.19x | $533.98 Million |
About Western Regions Tourism Development
Western Regions Tourism Development Co.,Ltd provides tourism and travel services in China. The company offers tourism transportation, lake sightseeing, tourism resource development, cable cars, sightseeing vehicles, hot spring tourism, international travel agency, and catering services, as well as food and agricultural product sales. The company was formerly known as Xinjiang Tianshan Tianchi Tou… Read more