China CYTS Tours Holding Co Ltd (600138) - Net Assets

Latest as of September 2025: CN¥8.59 Billion CNY ≈ $1.26 Billion USD

Based on the latest financial reports, China CYTS Tours Holding Co Ltd (600138) has net assets worth CN¥8.59 Billion CNY (≈ $1.26 Billion USD) 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 ≈ $2.61 Billion USD) and total liabilities (CN¥9.24 Billion ≈ $1.35 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. Also explore 600138 total asset value for the complete picture of this company's asset base.

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. Check China CYTS Tours Holding Co Ltd (600138) tangible equity ratio to evaluate the tangible quality of the company's equity base.

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. For live valuation and market cap data, see market value of China CYTS Tours Holding Co Ltd.

Year	Net Assets	Change
2024-12-31	CN¥8.49 Billion ≈ $1.24 Billion	+1.76%
2023-12-31	CN¥8.35 Billion ≈ $1.22 Billion	+3.02%
2022-12-31	CN¥8.10 Billion ≈ $1.19 Billion	-6.04%
2021-12-31	CN¥8.62 Billion ≈ $1.26 Billion	+0.59%
2020-12-31	CN¥8.57 Billion ≈ $1.25 Billion	-4.17%
2019-12-31	CN¥8.95 Billion ≈ $1.31 Billion	+9.65%
2018-12-31	CN¥8.16 Billion ≈ $1.19 Billion	+8.98%
2017-12-31	CN¥7.49 Billion ≈ $1.10 Billion	+11.59%
2016-12-31	CN¥6.71 Billion ≈ $981.78 Million	+11.82%
2015-12-31	CN¥6.00 Billion ≈ $878.02 Million	+6.54%
2014-12-31	CN¥5.63 Billion ≈ $824.11 Million	+39.11%
2013-12-31	CN¥4.05 Billion ≈ $592.41 Million	-7.22%
2012-12-31	CN¥4.36 Billion ≈ $638.52 Million	+3.94%
2011-12-31	CN¥4.20 Billion ≈ $614.30 Million	+29.97%
2010-12-31	CN¥3.23 Billion ≈ $472.64 Million	+5.07%
2009-12-31	CN¥3.07 Billion ≈ $449.84 Million	+19.92%
2008-12-31	CN¥2.56 Billion ≈ $375.10 Million	+6.08%
2007-12-31	CN¥2.42 Billion ≈ $353.62 Million	+63.53%
2006-12-31	CN¥1.48 Billion ≈ $216.25 Million	-4.36%
2005-12-31	CN¥1.55 Billion ≈ $226.10 Million	+11.10%
2004-12-31	CN¥1.39 Billion ≈ $203.50 Million	+7.04%
2003-12-31	CN¥1.30 Billion ≈ $190.12 Million	+4.00%
2002-12-31	CN¥1.25 Billion ≈ $182.81 Million	+5.05%
2001-12-31	CN¥1.19 Billion ≈ $174.03 Million	+12.17%
2000-12-31	CN¥1.06 Billion ≈ $155.15 Million	+54.56%
1999-12-31	CN¥686.01 Million ≈ $100.38 Million	+3.06%
1998-12-31	CN¥665.67 Million ≈ $97.41 Million	+14.61%
1997-12-31	CN¥580.82 Million ≈ $84.99 Million	+434.31%
1996-12-31	CN¥108.70 Million ≈ $15.91 Million	+14.25%
1995-12-31	CN¥95.14 Million ≈ $13.92 Million	+14.38%
1994-12-31	CN¥83.18 Million ≈ $12.17 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
Cangzhou Dahua Co Ltd SHG:600230	$739.63 Million
UBISOFT ENTMT ADR 1/5 F:UEN0	$739.77 Million
Advanced Wireless Semiconductor Co TWO:8086	$739.86 Million
Kingfa Science & Technology (India) Limited NSE:KINGFA	$740.02 Million
Nanjing Cosmos Chemical Co Ltd SHE:300856	$739.24 Million
Beazer Homes USA Inc NYSE:BZH	$739.11 Million
Verusa Holding AS IS:VERUS	$738.83 Million
ORIENT SECUR.CO.LTD.H YC1 F:OS9	$738.53 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: 0.81x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 43.67x to 0.81x 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¥6.98	x
1995-12-31	CN¥0.18	CN¥6.98	x
1996-12-31	CN¥0.20	CN¥6.98	x
1997-12-31	CN¥1.11	CN¥6.98	x
1998-12-31	CN¥1.14	CN¥6.98	x
1999-12-31	CN¥1.25	CN¥6.98	x
2000-12-31	CN¥1.95	CN¥6.98	x
2001-12-31	CN¥2.08	CN¥6.98	x
2002-12-31	CN¥2.18	CN¥6.98	x
2003-12-31	CN¥2.24	CN¥6.98	x
2004-12-31	CN¥2.38	CN¥6.98	x
2005-12-31	CN¥2.41	CN¥6.98	x
2006-12-31	CN¥2.55	CN¥6.98	x
2007-12-31	CN¥3.04	CN¥6.98	x
2008-12-31	CN¥3.11	CN¥6.98	x
2009-12-31	CN¥3.44	CN¥6.98	x
2010-12-31	CN¥3.74	CN¥6.98	x
2011-12-31	CN¥4.07	CN¥6.98	x
2012-12-31	CN¥4.59	CN¥6.98	x
2013-12-31	CN¥4.67	CN¥6.98	x
2014-12-31	CN¥6.44	CN¥6.98	x
2015-12-31	CN¥6.46	CN¥6.98	x
2016-12-31	CN¥7.06	CN¥6.98	x
2017-12-31	CN¥7.73	CN¥6.98	x
2018-12-31	CN¥8.45	CN¥6.98	x
2019-12-31	CN¥9.11	CN¥6.98	x
2020-12-31	CN¥8.74	CN¥6.98	x
2021-12-31	CN¥8.77	CN¥6.98	x
2022-12-31	CN¥8.32	CN¥6.98	x
2023-12-31	CN¥8.65	CN¥6.98	x
2024-12-31	CN¥8.65	CN¥6.98	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: $12,034,577,830
Average return on equity (ROE) among peers: 10.88%

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	$739.33 Million
ShenZhen Zero-Seven Co Ltd (000007)	$56.69 Million	25.60%	1.33x	$449.17 Million
Shenzhen Overseas Chinese Town Co Ltd (000069)	$110.15 Billion	11.52%	3.18x	$1.95 Billion
Huatian Hotel Group Co Ltd (000428)	$657.97 Million	7.51%	0.58x	$451.78 Million
Zhang Jia Jie Tourism Group Co Ltd (000430)	$1.59 Billion	1.66%	0.57x	$695.45 Million
XiAn Tourism Co Ltd (000610)	$832.22 Million	1.30%	0.39x	$174.26 Million
Guilin Tourism Corp Ltd (000978)	$88.55 Million	37.08%	1.47x	$371.28 Million
LiJiang YuLong Tourism Co Ltd (002033)	$2.67 Billion	2.64%	0.06x	$667.38 Million
Yunnan Tourism Co Ltd (002059)	$317.89 Million	8.51%	0.70x	$626.68 Million
SSAW Hotels & Resorts Group Co.Ltd. (301073)	$975.86 Million	3.13%	1.48x	$459.82 Million
Huangshan Tourism Development Co Ltd A (600054)	$3.01 Billion	9.83%	0.34x	$832.99 Million

About China CYTS Tours Holding Co Ltd

SHG:600138 China Lodging

Market Cap

$739.33 Million

CN¥5.05 Billion CNY

Market Cap Rank

#10083 Global

#2557 in China

Share Price

CN¥6.98

Change (1 day)

-0.99%

52-Week Range

CN¥6.53 - CN¥10.70

All Time High

CN¥24.48