YTO Express Group Co Ltd (600233) - Net Assets
Based on the latest financial reports, YTO Express Group Co Ltd (600233) has net assets worth CN¥33.85 Billion CNY (≈ $4.95 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¥51.67 Billion ≈ $7.56 Billion USD) and total liabilities (CN¥17.82 Billion ≈ $2.61 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 600233 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥33.85 Billion |
| % of Total Assets | 65.52% |
| Annual Growth Rate | 22.24% |
| 5-Year Change | 83.88% |
| 10-Year Change | 2358.82% |
| Growth Volatility | 101.29 |
YTO Express Group Co Ltd - Net Assets Trend (1997–2024)
This chart illustrates how YTO Express Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore YTO Express Group Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for YTO Express Group Co Ltd (1997–2024)
The table below shows the annual net assets of YTO Express Group Co Ltd from 1997 to 2024. For live valuation and market cap data, see YTO Express Group Co Ltd (600233) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥32.21 Billion ≈ $4.71 Billion |
+9.75% |
| 2023-12-31 | CN¥29.35 Billion ≈ $4.29 Billion |
+7.92% |
| 2022-12-31 | CN¥27.19 Billion ≈ $3.98 Billion |
+17.93% |
| 2021-12-31 | CN¥23.06 Billion ≈ $3.37 Billion |
+31.64% |
| 2020-12-31 | CN¥17.52 Billion ≈ $2.56 Billion |
+32.48% |
| 2019-12-31 | CN¥13.22 Billion ≈ $1.93 Billion |
+12.10% |
| 2018-12-31 | CN¥11.79 Billion ≈ $1.73 Billion |
+25.97% |
| 2017-12-31 | CN¥9.36 Billion ≈ $1.37 Billion |
+14.11% |
| 2016-12-31 | CN¥8.21 Billion ≈ $1.20 Billion |
+526.41% |
| 2015-12-31 | CN¥1.31 Billion ≈ $191.68 Million |
+3.00% |
| 2014-12-31 | CN¥1.27 Billion ≈ $186.11 Million |
+2.92% |
| 2013-12-31 | CN¥1.24 Billion ≈ $180.83 Million |
+1.44% |
| 2012-12-31 | CN¥1.22 Billion ≈ $178.27 Million |
+5.36% |
| 2011-12-31 | CN¥1.16 Billion ≈ $169.20 Million |
+11.75% |
| 2010-12-31 | CN¥1.03 Billion ≈ $151.40 Million |
+17.21% |
| 2009-12-31 | CN¥882.75 Million ≈ $129.17 Million |
+14.63% |
| 2008-12-31 | CN¥770.12 Million ≈ $112.69 Million |
+10.30% |
| 2007-12-31 | CN¥698.18 Million ≈ $102.17 Million |
+17.15% |
| 2006-12-31 | CN¥595.99 Million ≈ $87.21 Million |
+7.44% |
| 2005-12-31 | CN¥554.71 Million ≈ $81.17 Million |
+1.18% |
| 2004-12-31 | CN¥548.24 Million ≈ $80.22 Million |
+2.33% |
| 2003-12-31 | CN¥535.73 Million ≈ $78.39 Million |
+6.50% |
| 2002-12-31 | CN¥503.05 Million ≈ $73.61 Million |
+3.34% |
| 2001-12-31 | CN¥486.78 Million ≈ $71.23 Million |
+7.99% |
| 2000-12-31 | CN¥450.78 Million ≈ $65.96 Million |
+174.84% |
| 1999-12-31 | CN¥164.01 Million ≈ $24.00 Million |
+10.32% |
| 1998-12-31 | CN¥148.67 Million ≈ $21.75 Million |
+4.50% |
| 1997-12-31 | CN¥142.27 Million ≈ $20.82 Million |
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Equity Component Analysis
This analysis shows how different components contribute to YTO Express Group 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 1721613594579.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥17.21 Billion | 54.33% |
| Common Stock | CN¥998.19 Million | 3.15% |
| Other Comprehensive Income | CN¥865.46 Million | 2.73% |
| Other Components | CN¥12.60 Billion | 39.79% |
| Total Equity | CN¥31.67 Billion | 100.00% |
YTO Express Group Co Ltd Competitors by Market Cap
The table below lists competitors of YTO Express Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Israel Discount Bank Ltd
TA:DSCT
|
$10.78 Billion |
|
Sejahteraraya Anugrahjaya Tbk
JK:SRAJ
|
$10.79 Billion |
|
Camden Property Trust
NYSE:CPT
|
$10.80 Billion |
|
Applied Industrial Technologies
NYSE:AIT
|
$10.80 Billion |
|
RAIFFEIS. UNSPON.ADR/1/4
F:RAW0
|
$10.77 Billion |
|
Essential Utilities Inc
NYSE:WTRG
|
$10.77 Billion |
|
Alcoa Corp
NYSE:AA
|
$10.77 Billion |
|
Sime Darby Plantation Bhd
KLSE:5285
|
$10.77 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in YTO Express Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 28,799,180,251 to 31,672,337,991, a change of 2,873,157,740 (10.0%).
- Net income of 4,012,333,938 contributed positively to equity growth.
- Dividend payments of 1,196,558,102 reduced retained earnings.
- Other comprehensive income increased equity by 865,462,895.
- Other factors decreased equity by 808,080,991.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥4.01 Billion | +12.67% |
| Dividends Paid | CN¥1.20 Billion | -3.78% |
| Other Comprehensive Income | CN¥865.46 Million | +2.73% |
| Other Changes | CN¥-808.08 Million | -2.55% |
| Total Change | CN¥- | 9.98% |
Book Value vs Market Value Analysis
This analysis compares YTO Express Group 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: 2.34x
- 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 43.25x to 2.34x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | CN¥0.50 | CN¥21.50 | x |
| 1998-12-31 | CN¥0.52 | CN¥21.50 | x |
| 1999-12-31 | CN¥0.58 | CN¥21.50 | x |
| 2000-12-31 | CN¥1.91 | CN¥21.50 | x |
| 2001-12-31 | CN¥2.00 | CN¥21.50 | x |
| 2002-12-31 | CN¥2.06 | CN¥21.50 | x |
| 2003-12-31 | CN¥2.18 | CN¥21.50 | x |
| 2004-12-31 | CN¥2.23 | CN¥21.50 | x |
| 2005-12-31 | CN¥2.27 | CN¥21.50 | x |
| 2006-12-31 | CN¥1.53 | CN¥21.50 | x |
| 2007-12-31 | CN¥1.76 | CN¥21.50 | x |
| 2008-12-31 | CN¥1.91 | CN¥21.50 | x |
| 2009-12-31 | CN¥2.18 | CN¥21.50 | x |
| 2010-12-31 | CN¥2.55 | CN¥21.50 | x |
| 2011-12-31 | CN¥2.83 | CN¥21.50 | x |
| 2012-12-31 | CN¥3.00 | CN¥21.50 | x |
| 2013-12-31 | CN¥3.09 | CN¥21.50 | x |
| 2014-12-31 | CN¥3.15 | CN¥21.50 | x |
| 2015-12-31 | CN¥0.51 | CN¥21.50 | x |
| 2016-12-31 | CN¥3.41 | CN¥21.50 | x |
| 2017-12-31 | CN¥3.27 | CN¥21.50 | x |
| 2018-12-31 | CN¥4.06 | CN¥21.50 | x |
| 2019-12-31 | CN¥4.33 | CN¥21.50 | x |
| 2020-12-31 | CN¥5.55 | CN¥21.50 | x |
| 2021-12-31 | CN¥7.15 | CN¥21.50 | x |
| 2022-12-31 | CN¥7.75 | CN¥21.50 | x |
| 2023-12-31 | CN¥8.37 | CN¥21.50 | x |
| 2024-12-31 | CN¥9.20 | CN¥21.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently YTO Express Group 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): 12.67%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.81%
- • Asset Turnover: 1.43x
- • Equity Multiplier: 1.52x
- Recent ROE (12.67%) is below the historical average (16.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 14.94% | 4.45% | 1.12x | 3.00x | CN¥5.12 Million |
| 1998 | 18.77% | 7.49% | 0.96x | 2.62x | CN¥9.53 Million |
| 1999 | 22.61% | 11.59% | 0.91x | 2.13x | CN¥15.23 Million |
| 2000 | 7.45% | 10.27% | 0.54x | 1.35x | CN¥-10.17 Million |
| 2001 | 7.31% | 10.29% | 0.54x | 1.32x | CN¥-11.25 Million |
| 2002 | 6.35% | 7.68% | 0.63x | 1.32x | CN¥-15.70 Million |
| 2003 | 5.74% | 7.06% | 0.62x | 1.30x | CN¥-19.42 Million |
| 2004 | 5.71% | 6.07% | 0.74x | 1.28x | CN¥-20.00 Million |
| 2005 | 5.73% | 5.21% | 0.87x | 1.26x | CN¥-20.25 Million |
| 2006 | 8.45% | 6.51% | 0.92x | 1.41x | CN¥-7.75 Million |
| 2007 | 18.56% | 13.20% | 1.02x | 1.38x | CN¥49.87 Million |
| 2008 | 8.49% | 5.97% | 0.97x | 1.46x | CN¥-9.51 Million |
| 2009 | 15.42% | 12.74% | 0.80x | 1.52x | CN¥39.03 Million |
| 2010 | 16.41% | 12.73% | 0.91x | 1.41x | CN¥53.98 Million |
| 2011 | 12.51% | 12.13% | 0.75x | 1.38x | CN¥23.49 Million |
| 2012 | 7.77% | 8.99% | 0.63x | 1.38x | CN¥-22.15 Million |
| 2013 | 31.57% | 7.08% | 3.36x | 1.33x | CN¥220.16 Million |
| 2014 | 58.84% | 7.43% | 5.54x | 1.43x | CN¥508.41 Million |
| 2015 | 67.05% | 5.93% | 7.94x | 1.42x | CN¥610.39 Million |
| 2016 | 16.72% | 8.16% | 1.51x | 1.36x | CN¥551.41 Million |
| 2017 | 15.65% | 7.22% | 1.41x | 1.53x | CN¥520.78 Million |
| 2018 | 16.56% | 6.93% | 1.38x | 1.74x | CN¥754.04 Million |
| 2019 | 12.93% | 5.35% | 1.41x | 1.72x | CN¥378.34 Million |
| 2020 | 10.31% | 5.06% | 1.32x | 1.54x | CN¥53.80 Million |
| 2021 | 9.31% | 4.66% | 1.32x | 1.51x | CN¥-156.95 Million |
| 2022 | 14.70% | 7.32% | 1.36x | 1.47x | CN¥1.25 Billion |
| 2023 | 12.93% | 6.45% | 1.33x | 1.51x | CN¥842.62 Million |
| 2024 | 12.67% | 5.81% | 1.43x | 1.52x | CN¥845.10 Million |
Industry Comparison
This section compares YTO Express Group 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: $2,598,473,969
- Average return on equity (ROE) among peers: 24.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| YTO Express Group Co Ltd (600233) | CN¥33.85 Billion | 14.94% | 0.53x | $10.77 Billion |
| Citic Offshore Helicopter Co Ltd (000099) | $823.93 Million | 6.22% | 0.33x | $2.01 Billion |
| Guangdong Jushen Logistics Co Ltd (001202) | $764.87 Million | 10.66% | 0.93x | $413.93 Million |
| YUNDA Holding Co Ltd (002120) | $15.87 Billion | 9.20% | 1.28x | $3.33 Billion |
| S.F. Holding Co. Ltd (002352) | $708.00 Million | 155.57% | 0.25x | $26.05 Billion |
| STO Express Co Ltd (002468) | $5.44 Billion | 23.18% | 0.46x | $3.66 Billion |
| Hubeiyichang Transportation Group Co Ltd (002627) | $1.05 Billion | 4.86% | 1.19x | $794.18 Million |
| Shenzhen Prolto Supply Chain Management Co Ltd (002769) | $75.60 Million | 23.23% | 6.45x | $539.73 Million |
| Xinjiang Tianshun Supply Chain Co Ltd (002800) | $527.99 Million | 1.69% | 1.18x | $393.23 Million |
| Shenzhen Easttop Supply Chain Management Co Ltd (002889) | $679.80 Million | 12.04% | 17.63x | $725.62 Million |
| Jiangsu Xinning Modern Logist (300013) | $44.64 Million | -3.58% | 16.01x | $338.26 Million |
About YTO Express Group Co Ltd
YTO Express Group Co.,Ltd. operates express delivery business in China and internationally. It operates through Express Business, The Freight Forwarding Business, and The Aviation Business segments. The company provides collection, sorting, transshipment, and delivery services for the express delivery; and freight forwarding services and other freight forwarding services, as well as logistics and… Read more