COSCO Shipping Energy Transportation Co Ltd (600026) - Net Assets

Latest as of December 2025: CN¥49.64 Billion CNY ≈ $7.26 Billion USD

Based on the latest financial reports, COSCO Shipping Energy Transportation Co Ltd (600026) has net assets worth CN¥49.64 Billion CNY (≈ $7.26 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥92.08 Billion ≈ $13.47 Billion USD) and total liabilities (CN¥42.43 Billion ≈ $6.21 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. Check COSCO Shipping Energy Transportation Co (600026) strategic asset index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥49.64 Billion
% of Total Assets	53.92%
Annual Growth Rate	9.36%
5-Year Change	65.91%
10-Year Change	81.03%
Growth Volatility	11.87

COSCO Shipping Energy Transportation Co Ltd - Net Assets Trend (1999–2025)

This chart illustrates how COSCO Shipping Energy Transportation Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 600026 company net worth.

Annual Net Assets for COSCO Shipping Energy Transportation Co Ltd (1999–2025)

The table below shows the annual net assets of COSCO Shipping Energy Transportation Co Ltd from 1999 to 2025. Also explore net asset growth rate of COSCO Shipping Energy Transportation Co to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	CN¥49.64 Billion ≈ $7.26 Billion	+27.34%
2024-12-31	CN¥38.99 Billion ≈ $5.70 Billion	+5.07%
2023-12-31	CN¥37.10 Billion ≈ $5.43 Billion	+10.52%
2022-12-31	CN¥33.57 Billion ≈ $4.91 Billion	+12.19%
2021-12-31	CN¥29.92 Billion ≈ $4.38 Billion	-15.95%
2020-12-31	CN¥35.60 Billion ≈ $5.21 Billion	+22.06%
2019-12-31	CN¥29.17 Billion ≈ $4.27 Billion	-0.36%
2018-12-31	CN¥29.27 Billion ≈ $4.28 Billion	+3.57%
2017-12-31	CN¥28.26 Billion ≈ $4.14 Billion	+3.06%
2016-12-31	CN¥27.42 Billion ≈ $4.01 Billion	+3.39%
2015-12-31	CN¥26.52 Billion ≈ $3.88 Billion	+17.11%
2014-12-31	CN¥22.65 Billion ≈ $3.31 Billion	+1.96%
2013-12-31	CN¥22.21 Billion ≈ $3.25 Billion	-8.91%
2012-12-31	CN¥24.39 Billion ≈ $3.57 Billion	+0.18%
2011-12-31	CN¥24.34 Billion ≈ $3.56 Billion	+5.41%
2010-12-31	CN¥23.09 Billion ≈ $3.38 Billion	+6.72%
2009-12-31	CN¥21.64 Billion ≈ $3.17 Billion	+0.41%
2008-12-31	CN¥21.55 Billion ≈ $3.15 Billion	+33.27%
2007-12-31	CN¥16.17 Billion ≈ $2.37 Billion	+29.71%
2006-12-31	CN¥12.47 Billion ≈ $1.82 Billion	+16.11%
2005-12-31	CN¥10.74 Billion ≈ $1.57 Billion	+25.77%
2004-12-31	CN¥8.54 Billion ≈ $1.25 Billion	+19.60%
2003-12-31	CN¥7.14 Billion ≈ $1.04 Billion	+15.97%
2002-12-31	CN¥6.15 Billion ≈ $900.61 Million	+20.98%
2001-12-31	CN¥5.09 Billion ≈ $744.41 Million	+1.56%
2000-12-31	CN¥5.01 Billion ≈ $732.94 Million	+3.36%
1999-12-31	CN¥4.85 Billion ≈ $709.15 Million	--

Equity Component Analysis

This analysis shows how different components contribute to COSCO Shipping Energy Transportation 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 10820.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥18.28 Billion	39.39%
Common Stock	CN¥5.47 Billion	11.78%
Other Comprehensive Income	CN¥3.97 Billion	8.55%
Other Components	CN¥18.69 Billion	40.28%
Total Equity	CN¥46.41 Billion	100.00%

COSCO Shipping Energy Transportation Co Ltd Competitors by Market Cap

The table below lists competitors of COSCO Shipping Energy Transportation Co Ltd ranked by their market capitalization.

Company	Market Cap
China Railway Group Limited SHG:601390	$12.85 Billion
Kingspan Group plc IR:KRX	$12.85 Billion
Allegro.eu S.A. WAR:ALE	$12.86 Billion
Scentre Group AU:SCG	$12.86 Billion
RPM International Inc NYSE:RPM	$12.84 Billion
QXO, Inc. NASDAQ:QXO	$12.83 Billion
China Galaxy Securities Co Ltd Class A SHG:601881	$12.83 Billion
BorgWarner Inc NYSE:BWA	$12.82 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in COSCO Shipping Energy Transportation Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 35,866,909,000 to 46,405,181,844, a change of 10,538,272,844 (29.4%).
Net income of 4,037,311,000 contributed positively to equity growth.
Dividend payments of 1,001,863,042 reduced retained earnings.
New share issuances of 7,980,493,000 increased equity.
Other comprehensive income increased equity by 2,596,538,681.
Other factors decreased equity by 3,074,206,795.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥4.04 Billion	+8.7%
Dividends Paid	CN¥1.00 Billion	-2.16%
Share Issuances	CN¥7.98 Billion	+17.2%
Other Comprehensive Income	CN¥2.60 Billion	+5.6%
Other Changes	CN¥-3.07 Billion	-6.62%
Total Change	CN¥-	29.38%

Book Value vs Market Value Analysis

This analysis compares COSCO Shipping Energy Transportation 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: 2.22x
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 14.45x to 2.22x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1999-12-31	CN¥1.46	CN¥21.05	x
2000-12-31	CN¥1.51	CN¥21.05	x
2001-12-31	CN¥1.53	CN¥21.05	x
2002-12-31	CN¥1.85	CN¥21.05	x
2003-12-31	CN¥2.14	CN¥21.05	x
2004-12-31	CN¥2.56	CN¥21.05	x
2005-12-31	CN¥3.22	CN¥21.05	x
2006-12-31	CN¥3.75	CN¥21.05	x
2007-12-31	CN¥4.80	CN¥21.05	x
2008-12-31	CN¥6.30	CN¥21.05	x
2009-12-31	CN¥6.28	CN¥21.05	x
2010-12-31	CN¥6.63	CN¥21.05	x
2011-12-31	CN¥6.62	CN¥21.05	x
2012-12-31	CN¥6.92	CN¥21.05	x
2013-12-31	CN¥6.24	CN¥21.05	x
2014-12-31	CN¥6.41	CN¥21.05	x
2015-12-31	CN¥6.46	CN¥21.05	x
2016-12-31	CN¥6.80	CN¥21.05	x
2017-12-31	CN¥6.92	CN¥21.05	x
2018-12-31	CN¥7.00	CN¥21.05	x
2019-12-31	CN¥6.98	CN¥21.05	x
2020-12-31	CN¥7.55	CN¥21.05	x
2021-12-31	CN¥6.00	CN¥21.05	x
2022-12-31	CN¥6.88	CN¥21.05	x
2023-12-31	CN¥7.49	CN¥21.05	x
2024-12-31	CN¥7.81	CN¥21.05	x
2025-12-31	CN¥9.50	CN¥21.05	x

Capital Efficiency Dashboard

This dashboard shows how efficiently COSCO Shipping Energy Transportation 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): 8.70%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 16.93%
• Asset Turnover: 0.26x
• Equity Multiplier: 1.98x
Recent ROE (8.70%) is above the historical average (7.95%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1999	3.31%	5.01%	0.35x	1.86x	CN¥-324.32 Million
2000	6.23%	9.53%	0.40x	1.63x	CN¥-189.08 Million
2001	6.91%	8.72%	0.46x	1.74x	CN¥-157.15 Million
2002	9.30%	13.22%	0.48x	1.46x	CN¥-42.99 Million
2003	13.77%	18.97%	0.54x	1.34x	CN¥268.93 Million
2004	22.20%	29.32%	0.56x	1.35x	CN¥1.04 Billion
2005	25.34%	31.88%	0.64x	1.24x	CN¥1.64 Billion
2006	22.15%	29.24%	0.55x	1.36x	CN¥1.51 Billion
2007	28.60%	36.92%	0.53x	1.47x	CN¥2.99 Billion
2008	25.16%	30.59%	0.59x	1.40x	CN¥3.24 Billion
2009	4.98%	12.19%	0.26x	1.59x	CN¥-1.07 Billion
2010	7.60%	15.04%	0.28x	1.80x	CN¥-541.33 Million
2011	4.49%	8.64%	0.24x	2.18x	CN¥-1.30 Billion
2012	0.31%	0.66%	0.19x	2.46x	CN¥-2.28 Billion
2013	-10.83%	-20.18%	0.19x	2.77x	CN¥-4.42 Billion
2014	1.42%	2.52%	0.19x	3.01x	CN¥-1.87 Billion
2015	4.49%	6.56%	0.26x	2.66x	CN¥-1.42 Billion
2016	7.01%	14.61%	0.23x	2.12x	CN¥-818.80 Million
2017	6.33%	18.06%	0.16x	2.16x	CN¥-1.03 Billion
2018	0.37%	0.86%	0.19x	2.25x	CN¥-2.71 Billion
2019	1.53%	3.11%	0.21x	2.34x	CN¥-2.38 Billion
2020	6.85%	14.48%	0.25x	1.91x	CN¥-1.09 Billion
2021	-17.40%	-39.18%	0.21x	2.08x	CN¥-7.83 Billion
2022	4.62%	7.81%	0.27x	2.16x	CN¥-1.70 Billion
2023	9.83%	14.87%	0.32x	2.10x	CN¥-57.75 Million
2024	11.25%	17.37%	0.29x	2.26x	CN¥449.83 Million
2025	8.70%	16.93%	0.26x	1.98x	CN¥-603.21 Million

Industry Comparison

This section compares COSCO Shipping Energy Transportation Co Ltd's net assets metrics with peer companies in the Oil & Gas Midstream industry.

Industry Context

Industry: Oil & Gas Midstream
Average net assets among peers: $7,113,179,768
Average return on equity (ROE) among peers: 9.25%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
COSCO Shipping Energy Transportation Co Ltd (600026)	CN¥49.64 Billion	3.31%	0.85x	$12.84 Billion
Shaanxi Provincial Natural Gas Co Ltd (002267)	$6.64 Billion	6.35%	0.96x	$1.18 Billion
Zhuhai Winbase International Chemical Tank Terminal Co Ltd (002492)	$1.22 Billion	5.32%	0.29x	$349.66 Million
Shanxi Guoxin Energy Co Ltd A (600617)	$41.74 Million	22.68%	3.45x	$867.79 Million
China Merchants Energy Shipping Co Ltd (601872)	$25.75 Billion	6.26%	1.13x	$24.22 Billion
Nanjing Tanker Corp (601975)	$9.15 Billion	17.02%	0.27x	$3.16 Billion
Anhui Province Natural Gas Development Co Ltd (603689)	$1.39 Billion	6.63%	0.99x	$587.32 Million
Jiangxi Jovo Energy Co. Ltd (605090)	$8.15 Billion	16.01%	0.77x	$3.32 Billion
Shanxi Guoxin Energy Co Ltd B (900913)	$4.56 Billion	-6.23%	4.37x	$32.27 Million

About COSCO Shipping Energy Transportation Co Ltd

SHG:600026 China Oil & Gas Midstream

Market Cap

$12.84 Billion

CN¥87.76 Billion CNY

Market Cap Rank

#1839 Global

#181 in China

Share Price

CN¥21.05

Change (1 day)

+0.72%

52-Week Range

CN¥11.24 - CN¥26.07

All Time High

CN¥26.07