Hichain Logistics Co Ltd (300873) - Net Assets
Based on the latest financial reports, Hichain Logistics Co Ltd (300873) has net assets worth CN¥3.33 Billion CNY (≈ $487.27 Million 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¥4.84 Billion ≈ $708.93 Million USD) and total liabilities (CN¥1.51 Billion ≈ $221.66 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 how strategically is Hichain Logistics Co Ltd's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.33 Billion |
| % of Total Assets | 68.73% |
| Annual Growth Rate | 29.68% |
| 5-Year Change | 78.35% |
| 10-Year Change | N/A |
| Growth Volatility | 49.54 |
Hichain Logistics Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Hichain Logistics Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 300873 market cap.
Annual Net Assets for Hichain Logistics Co Ltd (2017–2024)
The table below shows the annual net assets of Hichain Logistics Co Ltd from 2017 to 2024. Also explore Hichain Logistics Co Ltd annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.28 Billion ≈ $480.12 Million |
+10.39% |
| 2023-12-31 | CN¥2.97 Billion ≈ $434.92 Million |
+8.09% |
| 2022-12-31 | CN¥2.75 Billion ≈ $402.38 Million |
+28.58% |
| 2021-12-31 | CN¥2.14 Billion ≈ $312.93 Million |
+16.25% |
| 2020-12-31 | CN¥1.84 Billion ≈ $269.20 Million |
+156.46% |
| 2019-12-31 | CN¥717.34 Million ≈ $104.97 Million |
+16.03% |
| 2018-12-31 | CN¥618.21 Million ≈ $90.46 Million |
+16.23% |
| 2017-12-31 | CN¥531.87 Million ≈ $77.83 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hichain Logistics 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 691.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.46 Billion | 48.21% |
| Other Components | CN¥1.57 Billion | 51.79% |
| Total Equity | CN¥3.02 Billion | 100.00% |
Hichain Logistics Co Ltd Competitors by Market Cap
The table below lists competitors of Hichain Logistics Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TomTom NV
AS:TOM2
|
$559.48 Million |
|
Hainan Shuangcheng Pharmaceut
SHE:002693
|
$559.49 Million |
|
Western Copper and Gold Corp
TO:WRN
|
$559.55 Million |
|
ASYMCHEM LAB.(TIAN.)H YC1
F:7K90
|
$559.71 Million |
|
Propert & Buil
TA:PTBL
|
$559.35 Million |
|
Ichitan Group Public Company Limited
BK:ICHI
|
$559.17 Million |
|
EXPLOS. PROD. CHIM.EO 31
F:9Z50
|
$558.92 Million |
|
Fineos Corporation Holdings Plc
AU:FCL
|
$558.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hichain Logistics Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,848,131,065 to 3,022,421,868, a change of 174,290,803 (6.1%).
- Net income of 293,429,615 contributed positively to equity growth.
- Dividend payments of 97,178,057 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥293.43 Million | +9.71% |
| Dividends Paid | CN¥97.18 Million | -3.22% |
| Other Changes | CN¥-21.96 Million | -0.73% |
| Total Change | CN¥- | 6.12% |
Book Value vs Market Value Analysis
This analysis compares Hichain Logistics 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: 1.27x
- 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 3.50x to 1.27x 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¥4.74 | CN¥16.58 | x |
| 2018-12-31 | CN¥5.57 | CN¥16.58 | x |
| 2019-12-31 | CN¥6.49 | CN¥16.58 | x |
| 2020-12-31 | CN¥13.23 | CN¥16.58 | x |
| 2021-12-31 | CN¥15.36 | CN¥16.58 | x |
| 2022-12-31 | CN¥11.46 | CN¥16.58 | x |
| 2023-12-31 | CN¥12.35 | CN¥16.58 | x |
| 2024-12-31 | CN¥13.11 | CN¥16.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hichain Logistics 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): 9.71%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.78%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.60x
- Recent ROE (9.71%) is below the historical average (13.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 13.46% | 9.49% | 0.89x | 1.60x | CN¥16.40 Million |
| 2018 | 14.28% | 9.85% | 0.94x | 1.54x | CN¥23.85 Million |
| 2019 | 19.78% | 13.95% | 0.95x | 1.49x | CN¥63.49 Million |
| 2020 | 11.04% | 18.14% | 0.50x | 1.21x | CN¥18.36 Million |
| 2021 | 15.11% | 21.07% | 0.57x | 1.26x | CN¥104.56 Million |
| 2022 | 13.55% | 19.90% | 0.48x | 1.41x | CN¥93.87 Million |
| 2023 | 9.87% | 15.38% | 0.43x | 1.49x | CN¥-3.66 Million |
| 2024 | 9.71% | 17.78% | 0.34x | 1.60x | CN¥-8.81 Million |
Industry Comparison
This section compares Hichain Logistics 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: $1,522,359,473
- Average return on equity (ROE) among peers: 9.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hichain Logistics Co Ltd (300873) | CN¥3.33 Billion | 13.46% | 0.45x | $559.48 Million |
| Citic Offshore Helicopter Co Ltd (000099) | $2.46 Billion | 7.82% | 0.56x | $1.47 Billion |
| Guangdong Jushen Logistics Co Ltd (001202) | $138.43 Million | 28.30% | 0.64x | $352.71 Million |
| YUNDA Holding Co Ltd (002120) | $396.18 Million | 7.87% | 1.35x | $2.96 Billion |
| S.F. Holding Co. Ltd (002352) | $716.05 Million | 3.32% | 0.13x | $21.61 Billion |
| STO Express Co Ltd (002468) | $5.44 Billion | 23.18% | 0.46x | $3.34 Billion |
| Hubeiyichang Transportation Group Co Ltd (002627) | $2.12 Billion | 5.22% | 0.63x | $717.84 Million |
| Shenzhen Prolto Supply Chain Management Co Ltd (002769) | $1.27 Billion | -7.90% | 3.83x | $366.01 Million |
| Xinjiang Tianshun Supply Chain Co Ltd (002800) | $191.21 Million | 16.53% | 0.75x | $329.07 Million |
| Shenzhen Easttop Supply Chain Management Co Ltd (002889) | $2.13 Billion | 7.27% | 1.02x | $657.65 Million |
| Jiangsu Xinning Modern Logist (300013) | $359.48 Million | 1.37% | 0.50x | $352.97 Million |
About Hichain Logistics Co Ltd
Hichain Logistics Co.,Ltd. provides integrated logistics services in China and internationally. The company offers road transportation services, such as cross-border, route planning, visible tracking, and online booking services. It also provides warehousing services, including material, kitting, equipment, quality test/repair, and after-sales services. In addition, the company offers custom brok… Read more