China CYTS Tours Holding Co Ltd
China Cyts Tours Holding Co., Ltd., together with its subsidiaries, operates as a tourism company in Mainland China, Hong Kong, and internationally. It operates through Tourism Products and Services, Integrated Marketing Services, Hotel Business, Scenic Spot Operation and Real Estate Sales, and IT Product Sales and Technical Services segments. The company offers tourism services, such as group to… Read more
China CYTS Tours Holding Co Ltd (600138) - Net Assets
Latest net assets as of September 2025: CN¥8.59 Billion CNY
Based on the latest financial reports, China CYTS Tours Holding Co Ltd (600138) has net assets worth CN¥8.59 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¥17.82 Billion) and total liabilities (CN¥9.24 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¥8.59 Billion |
| % of Total Assets | 48.18% |
| Annual Growth Rate | 16.67% |
| 5-Year Change | -0.91% |
| 10-Year Change | 41.57% |
| Growth Volatility | 77.5 |
China CYTS Tours Holding Co Ltd - Net Assets Trend (1994–2024)
This chart illustrates how China CYTS Tours Holding 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 China CYTS Tours Holding Co Ltd (1994–2024)
The table below shows the annual net assets of China CYTS Tours Holding Co Ltd from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥8.49 Billion | +1.76% |
| 2023-12-31 | CN¥8.35 Billion | +3.02% |
| 2022-12-31 | CN¥8.10 Billion | -6.04% |
| 2021-12-31 | CN¥8.62 Billion | +0.59% |
| 2020-12-31 | CN¥8.57 Billion | -4.17% |
| 2019-12-31 | CN¥8.95 Billion | +9.65% |
| 2018-12-31 | CN¥8.16 Billion | +8.98% |
| 2017-12-31 | CN¥7.49 Billion | +11.59% |
| 2016-12-31 | CN¥6.71 Billion | +11.82% |
| 2015-12-31 | CN¥6.00 Billion | +6.54% |
| 2014-12-31 | CN¥5.63 Billion | +39.11% |
| 2013-12-31 | CN¥4.05 Billion | -7.22% |
| 2012-12-31 | CN¥4.36 Billion | +3.94% |
| 2011-12-31 | CN¥4.20 Billion | +29.97% |
| 2010-12-31 | CN¥3.23 Billion | +5.07% |
| 2009-12-31 | CN¥3.07 Billion | +19.92% |
| 2008-12-31 | CN¥2.56 Billion | +6.08% |
| 2007-12-31 | CN¥2.42 Billion | +63.53% |
| 2006-12-31 | CN¥1.48 Billion | -4.36% |
| 2005-12-31 | CN¥1.55 Billion | +11.10% |
| 2004-12-31 | CN¥1.39 Billion | +7.04% |
| 2003-12-31 | CN¥1.30 Billion | +4.00% |
| 2002-12-31 | CN¥1.25 Billion | +5.05% |
| 2001-12-31 | CN¥1.19 Billion | +12.17% |
| 2000-12-31 | CN¥1.06 Billion | +54.56% |
| 1999-12-31 | CN¥686.01 Million | +3.06% |
| 1998-12-31 | CN¥665.67 Million | +14.61% |
| 1997-12-31 | CN¥580.82 Million | +434.31% |
| 1996-12-31 | CN¥108.70 Million | +14.25% |
| 1995-12-31 | CN¥95.14 Million | +14.38% |
| 1994-12-31 | CN¥83.18 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to China CYTS Tours Holding 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 36546.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.63 Billion | 57.58% |
| Common Stock | CN¥723.84 Million | 11.47% |
| Other Components | CN¥1.95 Billion | 30.95% |
| Total Equity | CN¥6.31 Billion | 100.00% |
China CYTS Tours Holding Co Ltd Competitors by Market Cap
The table below lists competitors of China CYTS Tours Holding Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Everlight Electronics Co Ltd
TW:2393
|
$711.52 Million |
|
Suruga Bank Ltd
PINK:SRGBF
|
$712.24 Million |
|
Petkim Petrokimya Holding AS
IS:PETKM
|
$712.29 Million |
|
Metropolitan Bank Holding
NYSE:MCB
|
$712.32 Million |
|
GRAHAM CORP. DL-10
F:781
|
$711.44 Million |
|
Milkyway Chemical Supply Chain Service Co Ltd
SHG:603713
|
$711.28 Million |
|
Megaport Ltd
AU:MP1
|
$711.02 Million |
|
Fengzhushou Co. Ltd. A
SHE:301382
|
$710.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China CYTS Tours Holding Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,214,054,000 to 6,308,174,000, a change of 94,120,000 (1.5%).
- Net income of 160,449,904 contributed positively to equity growth.
- Dividend payments of 244,696,000 reduced retained earnings.
- Other factors increased equity by 178,366,096.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥160.45 Million | +2.54% |
| Dividends Paid | CN¥244.70 Million | -3.88% |
| Other Changes | CN¥178.37 Million | +2.83% |
| Total Change | CN¥- | 1.51% |
Book Value vs Market Value Analysis
This analysis compares China CYTS Tours Holding 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: 1.09x
- 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 59.19x to 1.09x 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¥0.16 | CN¥9.46 | x |
| 1995-12-31 | CN¥0.18 | CN¥9.46 | x |
| 1996-12-31 | CN¥0.20 | CN¥9.46 | x |
| 1997-12-31 | CN¥1.11 | CN¥9.46 | x |
| 1998-12-31 | CN¥1.14 | CN¥9.46 | x |
| 1999-12-31 | CN¥1.25 | CN¥9.46 | x |
| 2000-12-31 | CN¥1.95 | CN¥9.46 | x |
| 2001-12-31 | CN¥2.08 | CN¥9.46 | x |
| 2002-12-31 | CN¥2.18 | CN¥9.46 | x |
| 2003-12-31 | CN¥2.24 | CN¥9.46 | x |
| 2004-12-31 | CN¥2.38 | CN¥9.46 | x |
| 2005-12-31 | CN¥2.41 | CN¥9.46 | x |
| 2006-12-31 | CN¥2.55 | CN¥9.46 | x |
| 2007-12-31 | CN¥3.04 | CN¥9.46 | x |
| 2008-12-31 | CN¥3.11 | CN¥9.46 | x |
| 2009-12-31 | CN¥3.44 | CN¥9.46 | x |
| 2010-12-31 | CN¥3.74 | CN¥9.46 | x |
| 2011-12-31 | CN¥4.07 | CN¥9.46 | x |
| 2012-12-31 | CN¥4.59 | CN¥9.46 | x |
| 2013-12-31 | CN¥4.67 | CN¥9.46 | x |
| 2014-12-31 | CN¥6.44 | CN¥9.46 | x |
| 2015-12-31 | CN¥6.46 | CN¥9.46 | x |
| 2016-12-31 | CN¥7.06 | CN¥9.46 | x |
| 2017-12-31 | CN¥7.73 | CN¥9.46 | x |
| 2018-12-31 | CN¥8.45 | CN¥9.46 | x |
| 2019-12-31 | CN¥9.11 | CN¥9.46 | x |
| 2020-12-31 | CN¥8.74 | CN¥9.46 | x |
| 2021-12-31 | CN¥8.77 | CN¥9.46 | x |
| 2022-12-31 | CN¥8.32 | CN¥9.46 | x |
| 2023-12-31 | CN¥8.65 | CN¥9.46 | x |
| 2024-12-31 | CN¥8.65 | CN¥9.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China CYTS Tours Holding 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): 2.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.61%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 2.80x
- Recent ROE (2.54%) is below the historical average (10.62%), 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 | 42.95% | 11.74% | 1.11x | 3.30x | CN¥27.41 Million |
| 1995 | 40.56% | 13.93% | 0.93x | 3.14x | CN¥28.58 Million |
| 1996 | 39.03% | 12.12% | 1.04x | 3.11x | CN¥30.68 Million |
| 1997 | 10.09% | 14.67% | 0.50x | 1.37x | CN¥503.20K |
| 1998 | 13.07% | 13.34% | 0.66x | 1.48x | CN¥18.24 Million |
| 1999 | 17.05% | 13.13% | 0.75x | 1.74x | CN¥45.85 Million |
| 2000 | 11.65% | 11.54% | 0.62x | 1.64x | CN¥16.78 Million |
| 2001 | 9.49% | 7.87% | 0.75x | 1.60x | CN¥-5.49 Million |
| 2002 | 7.16% | 4.79% | 0.93x | 1.61x | CN¥-32.23 Million |
| 2003 | 2.79% | 2.96% | 0.64x | 1.46x | CN¥-84.15 Million |
| 2004 | 5.83% | 4.14% | 0.95x | 1.49x | CN¥-51.54 Million |
| 2005 | 4.93% | 2.68% | 0.76x | 2.43x | CN¥-63.49 Million |
| 2006 | 7.45% | 3.37% | 0.89x | 2.48x | CN¥-33.33 Million |
| 2007 | 8.69% | 3.59% | 0.99x | 2.45x | CN¥-24.51 Million |
| 2008 | 6.64% | 2.83% | 0.99x | 2.36x | CN¥-65.74 Million |
| 2009 | 11.77% | 4.08% | 1.10x | 2.63x | CN¥37.99 Million |
| 2010 | 11.40% | 4.36% | 0.80x | 3.26x | CN¥32.68 Million |
| 2011 | 10.48% | 3.17% | 0.99x | 3.34x | CN¥12.14 Million |
| 2012 | 10.30% | 2.87% | 1.32x | 2.71x | CN¥8.68 Million |
| 2013 | 8.35% | 2.62% | 1.13x | 2.82x | CN¥-48.33 Million |
| 2014 | 8.23% | 3.43% | 1.19x | 2.01x | CN¥-78.04 Million |
| 2015 | 6.34% | 2.79% | 1.11x | 2.05x | CN¥-170.13 Million |
| 2016 | 9.49% | 4.68% | 0.94x | 2.15x | CN¥-25.94 Million |
| 2017 | 10.22% | 5.19% | 0.85x | 2.33x | CN¥12.49 Million |
| 2018 | 9.76% | 4.87% | 0.84x | 2.38x | CN¥-14.54 Million |
| 2019 | 8.62% | 4.04% | 0.86x | 2.49x | CN¥-91.07 Million |
| 2020 | -3.67% | -3.25% | 0.42x | 2.70x | CN¥-864.74 Million |
| 2021 | 0.33% | 0.25% | 0.49x | 2.75x | CN¥-613.59 Million |
| 2022 | -5.54% | -5.20% | 0.37x | 2.92x | CN¥-935.51 Million |
| 2023 | 3.12% | 2.01% | 0.56x | 2.78x | CN¥-427.41 Million |
| 2024 | 2.54% | 1.61% | 0.56x | 2.80x | CN¥-470.37 Million |
Industry Comparison
This section compares China CYTS Tours Holding Co Ltd's net assets metrics with peer companies in the Lodging industry.
Industry Context
- Industry: Lodging
- Average net assets among peers: $6,014,526,002
- Average return on equity (ROE) among peers: -17.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China CYTS Tours Holding Co Ltd (600138) | CN¥8.59 Billion | 42.95% | 1.08x | $711.50 Million |
| ShenZhen Zero-Seven Co Ltd (000007) | $296.79 Million | 2.24% | 1.66x | $266.60 Million |
| Shenzhen Overseas Chinese Town Co Ltd (000069) | $48.12 Billion | 14.32% | 2.04x | $1.17 Billion |
| Huatian Hotel Group Co Ltd (000428) | $1.84 Billion | -32.41% | 2.33x | $235.38 Million |
| Zhang Jia Jie Tourism Group Co Ltd (000430) | $289.60 Million | -201.00% | 6.21x | $220.00 Million |
| XiAn Tourism Co Ltd (000610) | $832.22 Million | 1.30% | 0.39x | $205.79 Million |
| Guilin Tourism Corp Ltd (000978) | $1.60 Billion | 2.33% | 0.92x | $234.55 Million |
| LiJiang YuLong Tourism Co Ltd (002033) | $90.60 Million | 22.62% | 0.34x | $384.99 Million |
| Yunnan Tourism Co Ltd (002059) | $817.36 Million | 2.05% | 0.29x | $250.95 Million |
| SSAW Hotels & Resorts Group Co.Ltd. (301073) | $252.33 Million | 28.63% | 0.81x | $403.13 Million |