China United Travel Co Ltd (600358) - Net Assets
Based on the latest financial reports, China United Travel Co Ltd (600358) has net assets worth CN¥80.42 Million CNY (≈ $11.77 Million 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¥514.12 Million ≈ $75.23 Million USD) and total liabilities (CN¥433.70 Million ≈ $63.46 Million 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 600358 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥80.42 Million |
| % of Total Assets | 15.64% |
| Annual Growth Rate | -0.54% |
| 5-Year Change | -42.28% |
| 10-Year Change | -70.77% |
| Growth Volatility | 44.41 |
China United Travel Co Ltd - Net Assets Trend (1997–2024)
This chart illustrates how China United Travel Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore China United Travel Co Ltd (600358) total assets for the complete picture of this company's asset base.
Annual Net Assets for China United Travel Co Ltd (1997–2024)
The table below shows the annual net assets of China United Travel Co Ltd from 1997 to 2024. For live valuation and market cap data, see China United Travel Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥92.15 Million ≈ $13.48 Million |
-47.75% |
| 2023-12-31 | CN¥176.38 Million ≈ $25.81 Million |
-3.68% |
| 2022-12-31 | CN¥183.13 Million ≈ $26.80 Million |
-6.75% |
| 2021-12-31 | CN¥196.38 Million ≈ $28.74 Million |
+23.01% |
| 2020-12-31 | CN¥159.64 Million ≈ $23.36 Million |
-48.92% |
| 2019-12-31 | CN¥312.53 Million ≈ $45.73 Million |
-42.53% |
| 2018-12-31 | CN¥543.77 Million ≈ $79.57 Million |
-12.68% |
| 2017-12-31 | CN¥622.75 Million ≈ $91.13 Million |
+20.17% |
| 2016-12-31 | CN¥518.23 Million ≈ $75.83 Million |
+64.37% |
| 2015-12-31 | CN¥315.29 Million ≈ $46.14 Million |
+6.53% |
| 2014-12-31 | CN¥295.98 Million ≈ $43.31 Million |
-35.90% |
| 2013-12-31 | CN¥461.73 Million ≈ $67.57 Million |
+2.36% |
| 2012-12-31 | CN¥451.08 Million ≈ $66.01 Million |
-17.88% |
| 2011-12-31 | CN¥549.29 Million ≈ $80.38 Million |
-6.25% |
| 2010-12-31 | CN¥585.89 Million ≈ $85.73 Million |
+3.96% |
| 2009-12-31 | CN¥563.60 Million ≈ $82.47 Million |
+3.68% |
| 2008-12-31 | CN¥543.61 Million ≈ $79.55 Million |
-0.53% |
| 2007-12-31 | CN¥546.49 Million ≈ $79.97 Million |
-0.79% |
| 2006-12-31 | CN¥550.85 Million ≈ $80.61 Million |
-6.68% |
| 2005-12-31 | CN¥590.27 Million ≈ $86.38 Million |
-17.15% |
| 2004-12-31 | CN¥712.42 Million ≈ $104.25 Million |
+23.75% |
| 2003-12-31 | CN¥575.67 Million ≈ $84.24 Million |
+15.04% |
| 2002-12-31 | CN¥500.42 Million ≈ $73.23 Million |
+17.91% |
| 2001-12-31 | CN¥424.42 Million ≈ $62.11 Million |
-3.92% |
| 2000-12-31 | CN¥441.74 Million ≈ $64.64 Million |
+194.07% |
| 1999-12-31 | CN¥150.22 Million ≈ $21.98 Million |
+0.54% |
| 1998-12-31 | CN¥149.41 Million ≈ $21.86 Million |
+40.08% |
| 1997-12-31 | CN¥106.66 Million ≈ $15.61 Million |
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Equity Component Analysis
This analysis shows how different components contribute to China United Travel 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 decreased by 63038931200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥504.94 Million | 596.20% |
| Other Components | CN¥210.14 Million | 248.13% |
| Total Equity | CN¥84.69 Million | 100.00% |
China United Travel Co Ltd Competitors by Market Cap
The table below lists competitors of China United Travel Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Salmones Camanchaca S.A
SN:SALMOCAM
|
$435.31 Million |
|
Radium Development Berhad
KLSE:5313
|
$435.35 Million |
|
VALNEVA SE SP.ADS/2
F:AYJ0
|
$435.54 Million |
|
Xinjiang Chalkis Co Ltd
SHE:000972
|
$435.65 Million |
|
AdvanSix Inc
NYSE:ASIX
|
$435.20 Million |
|
Zhongyan Technology Co Ltd
SHE:003001
|
$434.99 Million |
|
Shenzhen Tongyi Industry Co Ltd
SHE:300538
|
$434.98 Million |
|
Orion Group Holdings Inc
NYSE:ORN
|
$434.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China United Travel Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 167,949,416 to 84,692,180, a change of -83,257,236 (-49.6%).
- Net loss of 63,703,147 reduced equity.
- Dividend payments of 13,627,631 reduced retained earnings.
- Other factors decreased equity by 5,926,458.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-63.70 Million | -75.22% |
| Dividends Paid | CN¥13.63 Million | -16.09% |
| Other Changes | CN¥-5.93 Million | -7.0% |
| Total Change | CN¥- | -49.57% |
Book Value vs Market Value Analysis
This analysis compares China United Travel 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: 35.12x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 29.73x to 35.12x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | CN¥0.20 | CN¥5.89 | x |
| 1998-12-31 | CN¥0.30 | CN¥5.89 | x |
| 1999-12-31 | CN¥0.31 | CN¥5.89 | x |
| 2000-12-31 | CN¥0.96 | CN¥5.89 | x |
| 2001-12-31 | CN¥0.93 | CN¥5.89 | x |
| 2002-12-31 | CN¥0.94 | CN¥5.89 | x |
| 2003-12-31 | CN¥0.96 | CN¥5.89 | x |
| 2004-12-31 | CN¥1.11 | CN¥5.89 | x |
| 2005-12-31 | CN¥1.08 | CN¥5.89 | x |
| 2006-12-31 | CN¥1.13 | CN¥5.89 | x |
| 2007-12-31 | CN¥1.16 | CN¥5.89 | x |
| 2008-12-31 | CN¥1.30 | CN¥5.89 | x |
| 2009-12-31 | CN¥1.30 | CN¥5.89 | x |
| 2010-12-31 | CN¥1.35 | CN¥5.89 | x |
| 2011-12-31 | CN¥1.24 | CN¥5.89 | x |
| 2012-12-31 | CN¥1.04 | CN¥5.89 | x |
| 2013-12-31 | CN¥0.88 | CN¥5.89 | x |
| 2014-12-31 | CN¥0.67 | CN¥5.89 | x |
| 2015-12-31 | CN¥0.74 | CN¥5.89 | x |
| 2016-12-31 | CN¥1.02 | CN¥5.89 | x |
| 2017-12-31 | CN¥1.05 | CN¥5.89 | x |
| 2018-12-31 | CN¥0.90 | CN¥5.89 | x |
| 2019-12-31 | CN¥0.46 | CN¥5.89 | x |
| 2020-12-31 | CN¥0.29 | CN¥5.89 | x |
| 2021-12-31 | CN¥0.37 | CN¥5.89 | x |
| 2022-12-31 | CN¥0.37 | CN¥5.89 | x |
| 2023-12-31 | CN¥0.33 | CN¥5.89 | x |
| 2024-12-31 | CN¥0.17 | CN¥5.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China United Travel 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): -75.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17.47%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 5.02x
- Recent ROE (-75.22%) is below the historical average (-6.14%), 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 | 21.19% | 15.48% | 0.60x | 2.29x | CN¥9.83 Million |
| 1998 | 18.26% | 20.18% | 0.45x | 2.03x | CN¥11.01 Million |
| 1999 | 14.89% | 13.93% | 0.47x | 2.27x | CN¥6.67 Million |
| 2000 | 4.44% | 12.30% | 0.24x | 1.47x | CN¥-23.75 Million |
| 2001 | 3.12% | 11.84% | 0.19x | 1.39x | CN¥-28.35 Million |
| 2002 | 2.69% | 14.92% | 0.13x | 1.38x | CN¥-30.59 Million |
| 2003 | 2.21% | 3.98% | 0.10x | 5.55x | CN¥-33.26 Million |
| 2004 | 0.76% | 1.14% | 0.09x | 7.26x | CN¥-45.67 Million |
| 2005 | -2.27% | -4.85% | 0.25x | 1.87x | CN¥-58.74 Million |
| 2006 | 3.10% | 17.17% | 0.11x | 1.57x | CN¥-34.44 Million |
| 2007 | 3.46% | 15.06% | 0.16x | 1.48x | CN¥-34.69 Million |
| 2008 | 3.86% | 13.21% | 0.18x | 1.63x | CN¥-33.19 Million |
| 2009 | 3.92% | 11.96% | 0.19x | 1.75x | CN¥-34.16 Million |
| 2010 | 3.79% | 11.81% | 0.18x | 1.74x | CN¥-36.29 Million |
| 2011 | -11.96% | -41.41% | 0.13x | 2.15x | CN¥-114.47 Million |
| 2012 | -12.51% | -37.27% | 0.13x | 2.59x | CN¥-100.87 Million |
| 2013 | 2.28% | 8.82% | 0.11x | 2.30x | CN¥-35.40 Million |
| 2014 | -56.68% | -187.33% | 0.12x | 2.50x | CN¥-195.17 Million |
| 2015 | 4.08% | 14.41% | 0.12x | 2.35x | CN¥-18.47 Million |
| 2016 | -32.01% | -139.07% | 0.13x | 1.79x | CN¥-214.06 Million |
| 2017 | 6.08% | 11.24% | 0.33x | 1.65x | CN¥-20.81 Million |
| 2018 | -18.43% | -30.38% | 0.36x | 1.66x | CN¥-128.95 Million |
| 2019 | -80.15% | -52.75% | 0.64x | 2.39x | CN¥-210.62 Million |
| 2020 | 13.83% | 3.85% | 1.02x | 3.53x | CN¥5.57 Million |
| 2021 | 13.66% | 3.07% | 1.46x | 3.05x | CN¥6.77 Million |
| 2022 | -0.88% | -0.29% | 1.19x | 2.58x | CN¥-20.05 Million |
| 2023 | -7.46% | -2.31% | 1.02x | 3.17x | CN¥-29.33 Million |
| 2024 | -75.22% | -17.47% | 0.86x | 5.02x | CN¥-72.17 Million |
Industry Comparison
This section compares China United Travel Co Ltd's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $899,419,623
- Average return on equity (ROE) among peers: 10.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China United Travel Co Ltd (600358) | CN¥80.42 Million | 21.19% | 5.39x | $435.20 Million |
| China Bicycle Co Holdings Ltd (000017) | $-1.99 Billion | 0.00% | 0.00x | $413.48 Million |
| HL Corp Shenzhen (002105) | $591.20 Million | 0.88% | 1.49x | $363.89 Million |
| Goldlok Toys Holdings Guangdong Co Ltd (002348) | $242.83 Million | 29.80% | 0.28x | $1.54 Billion |
| Guangdong Qunxing Toys Joint-Stock Co Ltd (002575) | $130.36 Million | 29.94% | 0.93x | $614.35 Million |
| Shanghai Yaoji Playing Card Co Ltd (002605) | $2.45 Billion | 23.39% | 0.62x | $1.25 Billion |
| Xiamen Comfort Science&Technology Group Co Ltd (002614) | $4.47 Billion | 1.44% | 0.70x | $525.73 Million |
| Guangzhou Pearl River Piano Group Co Ltd (002678) | $3.23 Billion | 5.10% | 0.29x | $1.19 Billion |
| Shifeng Cultural Development Co Ltd (002862) | $541.86 Million | 8.01% | 0.09x | $455.54 Million |
| Impulse Qingdao Health Tech Co Ltd (002899) | $1.08 Billion | 3.65% | 0.26x | $730.57 Million |
| China Bicycle Co Holdings Ltd (200017) | $-1.76 Billion | 0.00% | 0.00x | $66.51 Million |
About China United Travel Co Ltd
China Tourism And Culture Investment Group Co.,Ltd engages in the investment and operation of cultural and sports projects in China. It is also involved in the internet digital marketing business; investment, development, and operation of tourist destination; advertising, investment, and investment management consulting businesses; and provision of other travel services. The company was formerly … Read more