Shanghai International Airport Co Ltd

SHG:600009 China Airports & Air Services
Market Cap
$9.93 Billion
CN¥72.83 Billion CNY
Market Cap Rank
#3405 Global
#270 in China
Share Price
CN¥29.27
Change (1 day)
-0.34%
52-Week Range
CN¥29.13 - CN¥34.55
All Time High
CN¥86.62
Categories
Companies in China Airports & Air Services
About

Shanghai International Airport Co., Ltd. provides ground support services for domestic and foreign air transport companies and passengers in China. It offers long-distance passenger stations, parking lot management, and parking services, as well as freight forwarding, customs declaration, inspection, and other services. The company is also involved in the operating and leasing aviation business p… Read more

Shanghai International Airport Co Ltd (600009) - Net Assets

Latest net assets as of September 2025: CN¥44.00 Billion CNY

Based on the latest financial reports, Shanghai International Airport Co Ltd (600009) has net assets worth CN¥44.00 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¥69.68 Billion) and total liabilities (CN¥25.68 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¥44.00 Billion
% of Total Assets 63.15%
Annual Growth Rate 19.56%
5-Year Change 47.27%
10-Year Change 110.31%
Growth Volatility 49.25

Shanghai International Airport Co Ltd - Net Assets Trend (1994–2024)

This chart illustrates how Shanghai International Airport 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 Shanghai International Airport Co Ltd (1994–2024)

The table below shows the annual net assets of Shanghai International Airport Co Ltd from 1994 to 2024.

Year Net Assets Change
2024-12-31 CN¥43.53 Billion +3.58%
2023-12-31 CN¥42.03 Billion +3.22%
2022-12-31 CN¥40.72 Billion +46.96%
2021-12-31 CN¥27.71 Billion -6.27%
2020-12-31 CN¥29.56 Billion -8.91%
2019-12-31 CN¥32.45 Billion +13.32%
2018-12-31 CN¥28.63 Billion +12.38%
2017-12-31 CN¥25.48 Billion +12.63%
2016-12-31 CN¥22.62 Billion +9.31%
2015-12-31 CN¥20.70 Billion +9.95%
2014-12-31 CN¥18.83 Billion +9.15%
2013-12-31 CN¥17.25 Billion +7.44%
2012-12-31 CN¥16.05 Billion +3.63%
2011-12-31 CN¥15.49 Billion +9.05%
2010-12-31 CN¥14.21 Billion +9.62%
2009-12-31 CN¥12.96 Billion +5.31%
2008-12-31 CN¥12.31 Billion +6.00%
2007-12-31 CN¥11.61 Billion +14.45%
2006-12-31 CN¥10.14 Billion +11.34%
2005-12-31 CN¥9.11 Billion +15.12%
2004-12-31 CN¥7.91 Billion +28.80%
2003-12-31 CN¥6.14 Billion +14.90%
2002-12-31 CN¥5.35 Billion +6.51%
2001-12-31 CN¥5.02 Billion +15.26%
2000-12-31 CN¥4.36 Billion +11.35%
1999-12-31 CN¥3.91 Billion +17.92%
1998-12-31 CN¥3.32 Billion +269.75%
1997-12-31 CN¥897.33 Million +74.65%
1996-12-31 CN¥513.80 Million +48.40%
1995-12-31 CN¥346.23 Million +69.01%
1994-12-31 CN¥204.86 Million --

Equity Component Analysis

This analysis shows how different components contribute to Shanghai International Airport 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 26632.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥21.43 Billion 51.45%
Common Stock CN¥2.49 Billion 5.97%
Other Components CN¥17.73 Billion 42.57%
Total Equity CN¥41.65 Billion 100.00%

Shanghai International Airport Co Ltd Competitors by Market Cap

The table below lists competitors of Shanghai International Airport Co Ltd ranked by their market capitalization.

Company Market Cap
GLP J-REIT
PINK:GLPJF
 		$3.79 Billion
TRI Pointe Homes Inc
NYSE:TPH
 		$3.79 Billion
Getinge AB
PINK:GNGBF
 		$3.80 Billion
AU Optronics Corp
PINK:AUOTY
 		$3.80 Billion
TECO Electric & Machinery Co Ltd
TW:1504
 		$3.79 Billion
Clear Secure Inc
NYSE:YOU
 		$3.79 Billion
Huolinhe Opencut Coal Industry Corp Ltd of Inner Mongolia
SHE:002128
 		$3.79 Billion
M3 Inc
PINK:MTHRF
 		$3.78 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shanghai International Airport Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 40,541,649,764 to 41,653,584,000, a change of 1,111,934,236 (2.7%).
  • Net income of 1,933,948,719 contributed positively to equity growth.
  • Dividend payments of 612,856,019 reduced retained earnings.
  • Share repurchases of 286,451,096 reduced equity.
  • Other comprehensive income decreased equity by 1,504,004,168.
  • Other factors increased equity by 1,581,296,800.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.93 Billion +4.64%
Dividends Paid CN¥612.86 Million -1.47%
Share Repurchases CN¥286.45 Million -0.69%
Other Comprehensive Income CN¥-1.50 Billion -3.61%
Other Changes CN¥1.58 Billion +3.8%
Total Change CN¥- 2.74%

Book Value vs Market Value Analysis

This analysis compares Shanghai International Airport 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: 1.74x
  • 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 273.68x to 1.74x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1994-12-31 CN¥0.11 CN¥29.27 x
1995-12-31 CN¥0.18 CN¥29.27 x
1996-12-31 CN¥0.27 CN¥29.27 x
1997-12-31 CN¥0.47 CN¥29.27 x
1998-12-31 CN¥1.73 CN¥29.27 x
1999-12-31 CN¥2.04 CN¥29.27 x
2000-12-31 CN¥2.27 CN¥29.27 x
2001-12-31 CN¥2.62 CN¥29.27 x
2002-12-31 CN¥2.79 CN¥29.27 x
2003-12-31 CN¥3.21 CN¥29.27 x
2004-12-31 CN¥4.13 CN¥29.27 x
2005-12-31 CN¥4.76 CN¥29.27 x
2006-12-31 CN¥5.30 CN¥29.27 x
2007-12-31 CN¥6.00 CN¥29.27 x
2008-12-31 CN¥6.40 CN¥29.27 x
2009-12-31 CN¥6.72 CN¥29.27 x
2010-12-31 CN¥7.29 CN¥29.27 x
2011-12-31 CN¥7.99 CN¥29.27 x
2012-12-31 CN¥8.19 CN¥29.27 x
2013-12-31 CN¥8.78 CN¥29.27 x
2014-12-31 CN¥9.60 CN¥29.27 x
2015-12-31 CN¥10.52 CN¥29.27 x
2016-12-31 CN¥11.60 CN¥29.27 x
2017-12-31 CN¥13.03 CN¥29.27 x
2018-12-31 CN¥14.69 CN¥29.27 x
2019-12-31 CN¥16.61 CN¥29.27 x
2020-12-31 CN¥15.16 CN¥29.27 x
2021-12-31 CN¥11.82 CN¥29.27 x
2022-12-31 CN¥16.70 CN¥29.27 x
2023-12-31 CN¥16.29 CN¥29.27 x
2024-12-31 CN¥16.80 CN¥29.27 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shanghai International Airport 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): 4.64%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 15.64%
  • • Asset Turnover: 0.18x
  • • Equity Multiplier: 1.68x
  • Recent ROE (4.64%) is below the historical average (17.38%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1994 109.08% 70.99% 0.86x 1.79x CN¥202.97 Million
1995 73.03% 69.75% 0.63x 1.65x CN¥218.24 Million
1996 58.51% 64.35% 0.64x 1.43x CN¥249.24 Million
1997 35.88% 60.31% 0.51x 1.18x CN¥232.25 Million
1998 16.57% 86.50% 0.18x 1.06x CN¥217.87 Million
1999 15.19% 79.45% 0.18x 1.06x CN¥203.24 Million
2000 12.52% 62.82% 0.11x 1.76x CN¥109.58 Million
2001 11.29% 49.01% 0.17x 1.32x CN¥64.65 Million
2002 11.33% 44.18% 0.20x 1.26x CN¥70.88 Million
2003 10.48% 36.22% 0.25x 1.15x CN¥29.33 Million
2004 16.32% 54.92% 0.29x 1.03x CN¥500.19 Million
2005 15.25% 51.82% 0.28x 1.05x CN¥478.10 Million
2006 14.92% 51.21% 0.25x 1.19x CN¥499.03 Million
2007 14.67% 53.91% 0.20x 1.39x CN¥539.51 Million
2008 7.03% 25.66% 0.19x 1.41x CN¥-362.45 Million
2009 5.50% 21.16% 0.20x 1.32x CN¥-576.93 Million
2010 9.33% 31.31% 0.24x 1.25x CN¥-94.64 Million
2011 9.76% 32.52% 0.24x 1.23x CN¥-36.44 Million
2012 10.02% 33.49% 0.24x 1.23x CN¥2.53 Million
2013 11.05% 35.91% 0.25x 1.23x CN¥178.34 Million
2014 11.35% 36.44% 0.25x 1.25x CN¥249.27 Million
2015 12.46% 40.27% 0.25x 1.26x CN¥499.47 Million
2016 12.58% 40.36% 0.26x 1.21x CN¥575.98 Million
2017 14.66% 45.69% 0.29x 1.10x CN¥1.17 Billion
2018 14.98% 45.44% 0.30x 1.09x CN¥1.41 Billion
2019 15.72% 45.96% 0.29x 1.16x CN¥1.83 Billion
2020 -4.34% -29.43% 0.13x 1.14x CN¥-4.19 Billion
2021 -5.74% -19.35% 0.16x 1.87x CN¥-4.33 Billion
2022 -7.56% -54.65% 0.08x 1.71x CN¥-6.96 Billion
2023 2.30% 8.46% 0.16x 1.71x CN¥-3.12 Billion
2024 4.64% 15.64% 0.18x 1.68x CN¥-2.23 Billion

Industry Comparison

This section compares Shanghai International Airport Co Ltd's net assets metrics with peer companies in the Airports & Air Services industry.

Industry Context

  • Industry: Airports & Air Services
  • Average net assets among peers: $9,029,907,337
  • Average return on equity (ROE) among peers: 9.22%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shanghai International Airport Co Ltd (600009) CN¥44.00 Billion 109.08% 0.58x $3.79 Billion
Shenzhen Airport Co Ltd (000089) $6.86 Billion 9.58% 0.34x $856.79 Million
Guangzhou Baiyun International Airport Co Ltd (600004) $17.81 Billion 2.48% 0.47x $1.41 Billion
Xiamen International Airport Co Ltd (600897) $2.42 Billion 15.60% 0.11x $299.71 Million