COSCO SHIPPING Specialized Carriers Co Ltd (600428) - Net Assets

Latest as of September 2025: CN¥18.04 Billion CNY ≈ $2.64 Billion USD

Based on the latest financial reports, COSCO SHIPPING Specialized Carriers Co Ltd (600428) has net assets worth CN¥18.04 Billion CNY (≈ $2.64 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¥42.88 Billion ≈ $6.27 Billion USD) and total liabilities (CN¥24.84 Billion ≈ $3.63 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 COSCO SHIPPING Specialized Carriers Co L total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥18.04 Billion
% of Total Assets 42.08%
Annual Growth Rate 16.42%
5-Year Change 44.2%
10-Year Change 104.49%
Growth Volatility 53.62

COSCO SHIPPING Specialized Carriers Co Ltd - Net Assets Trend (1999–2024)

This chart illustrates how COSCO SHIPPING Specialized Carriers Co Ltd's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see COSCO SHIPPING Specialized Carriers Co L (600428) market capitalisation.

Annual Net Assets for COSCO SHIPPING Specialized Carriers Co Ltd (1999–2024)

The table below shows the annual net assets of COSCO SHIPPING Specialized Carriers Co Ltd from 1999 to 2024. Explore 600428 cash flow conversion to assess how effectively this company generates cash.

Year Net Assets Change
2024-12-31 CN¥13.79 Billion
≈ $2.02 Billion		 +19.01%
2023-12-31 CN¥11.59 Billion
≈ $1.70 Billion		 +8.14%
2022-12-31 CN¥10.71 Billion
≈ $1.57 Billion		 +10.99%
2021-12-31 CN¥9.65 Billion
≈ $1.41 Billion		 +0.94%
2020-12-31 CN¥9.56 Billion
≈ $1.40 Billion		 -1.01%
2019-12-31 CN¥9.66 Billion
≈ $1.41 Billion		 +0.79%
2018-12-31 CN¥9.59 Billion
≈ $1.40 Billion		 +0.79%
2017-12-31 CN¥9.51 Billion
≈ $1.39 Billion		 +0.96%
2016-12-31 CN¥9.42 Billion
≈ $1.38 Billion		 +39.69%
2015-12-31 CN¥6.74 Billion
≈ $986.77 Million		 +2.09%
2014-12-31 CN¥6.61 Billion
≈ $966.60 Million		 +0.68%
2013-12-31 CN¥6.56 Billion
≈ $960.07 Million		 -1.28%
2012-12-31 CN¥6.65 Billion
≈ $972.48 Million		 -0.01%
2011-12-31 CN¥6.65 Billion
≈ $972.60 Million		 +45.85%
2010-12-31 CN¥4.56 Billion
≈ $666.85 Million		 +6.71%
2009-12-31 CN¥4.27 Billion
≈ $624.91 Million		 -4.06%
2008-12-31 CN¥4.45 Billion
≈ $651.34 Million		 +30.57%
2007-12-31 CN¥3.41 Billion
≈ $498.83 Million		 +28.36%
2006-12-31 CN¥2.66 Billion
≈ $388.61 Million		 +22.66%
2005-12-31 CN¥2.17 Billion
≈ $316.82 Million		 +18.28%
2004-12-31 CN¥1.83 Billion
≈ $267.86 Million		 +25.63%
2003-12-31 CN¥1.46 Billion
≈ $213.21 Million		 +7.35%
2002-12-31 CN¥1.36 Billion
≈ $198.61 Million		 +276.58%
2001-12-31 CN¥360.41 Million
≈ $52.74 Million		 +10.78%
2000-12-31 CN¥325.34 Million
≈ $47.61 Million		 +5.65%
1999-12-31 CN¥307.95 Million
≈ $45.06 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to COSCO SHIPPING Specialized Carriers 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 529464900000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥5.29 Billion 42.08%
Common Stock CN¥2.15 Billion 17.06%
Other Comprehensive Income CN¥857.10 Million 6.81%
Other Components CN¥4.28 Billion 34.05%
Total Equity CN¥12.58 Billion 100.00%

COSCO SHIPPING Specialized Carriers Co Ltd Competitors by Market Cap

The table below lists competitors of COSCO SHIPPING Specialized Carriers Co Ltd ranked by their market capitalization.

Company Market Cap
LIFE360 Inc
AU:360
 $3.44 Billion
M/I Homes Inc
NYSE:MHO
 $3.44 Billion
Tibet Huayu Mining Co Ltd
SHG:601020
 $3.44 Billion
Shanghai Daimay Auto Interior
SHG:603730
 $3.44 Billion
SIASUN Robot Automation Co
SHE:300024
 $3.43 Billion
Viohalco S.A
BR:VIO
 $3.43 Billion
Essence Fastening Systems (Shanghai) Co. Ltd.
SHE:301005
 $3.43 Billion
China Airlines Ltd
TW:2610
 $3.43 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 11,538,851,000 to 12,582,296,000, a change of 1,043,445,000 (9.0%).
  • Net income of 1,530,587,675 contributed positively to equity growth.
  • Dividend payments of 759,393,000 reduced retained earnings.
  • Other comprehensive income increased equity by 85,012,283.
  • Other factors increased equity by 187,238,042.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.53 Billion +12.16%
Dividends Paid CN¥759.39 Million -6.04%
Other Comprehensive Income CN¥85.01 Million +0.68%
Other Changes CN¥187.24 Million +1.49%
Total Change CN¥- 9.04%

Book Value vs Market Value Analysis

This analysis compares COSCO SHIPPING Specialized Carriers 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: 1.46x
  • 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 39.59x to 1.46x 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¥0.22 CN¥8.56 x
2000-12-31 CN¥0.23 CN¥8.56 x
2001-12-31 CN¥0.25 CN¥8.56 x
2002-12-31 CN¥0.99 CN¥8.56 x
2003-12-31 CN¥1.01 CN¥8.56 x
2004-12-31 CN¥1.27 CN¥8.56 x
2005-12-31 CN¥1.49 CN¥8.56 x
2006-12-31 CN¥1.83 CN¥8.56 x
2007-12-31 CN¥2.34 CN¥8.56 x
2008-12-31 CN¥3.08 CN¥8.56 x
2009-12-31 CN¥2.87 CN¥8.56 x
2010-12-31 CN¥3.19 CN¥8.56 x
2011-12-31 CN¥3.91 CN¥8.56 x
2012-12-31 CN¥5.14 CN¥8.56 x
2013-12-31 CN¥3.77 CN¥8.56 x
2014-12-31 CN¥3.86 CN¥8.56 x
2015-12-31 CN¥3.94 CN¥8.56 x
2016-12-31 CN¥4.47 CN¥8.56 x
2017-12-31 CN¥4.44 CN¥8.56 x
2018-12-31 CN¥4.45 CN¥8.56 x
2019-12-31 CN¥4.49 CN¥8.56 x
2020-12-31 CN¥4.45 CN¥8.56 x
2021-12-31 CN¥4.48 CN¥8.56 x
2022-12-31 CN¥4.98 CN¥8.56 x
2023-12-31 CN¥5.38 CN¥8.56 x
2024-12-31 CN¥5.86 CN¥8.56 x

Capital Efficiency Dashboard

This dashboard shows how efficiently COSCO SHIPPING Specialized Carriers 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): 12.16%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 9.12%
  • • Asset Turnover: 0.48x
  • • Equity Multiplier: 2.78x
  • Recent ROE (12.16%) is above the historical average (10.43%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1999 11.52% 6.82% 0.74x 2.28x CN¥4.68 Million
2000 25.14% 16.93% 0.83x 1.79x CN¥49.25 Million
2001 23.77% 16.01% 1.02x 1.46x CN¥49.63 Million
2002 5.88% 15.05% 0.33x 1.18x CN¥-57.83 Million
2003 7.73% 13.61% 0.49x 1.15x CN¥-32.53 Million
2004 20.75% 18.47% 0.65x 1.73x CN¥194.24 Million
2005 32.29% 18.31% 0.98x 1.80x CN¥472.91 Million
2006 22.39% 15.36% 0.91x 1.61x CN¥322.50 Million
2007 32.17% 20.45% 1.05x 1.50x CN¥740.07 Million
2008 33.17% 21.29% 0.95x 1.63x CN¥1.01 Billion
2009 3.20% 3.52% 0.53x 1.73x CN¥-287.84 Million
2010 7.52% 7.77% 0.43x 2.24x CN¥-112.39 Million
2011 2.30% 2.94% 0.39x 1.99x CN¥-507.90 Million
2012 -0.76% -0.86% 0.53x 1.66x CN¥-941.62 Million
2013 0.50% 0.44% 0.42x 2.70x CN¥-615.61 Million
2014 3.03% 2.58% 0.43x 2.74x CN¥-455.02 Million
2015 2.18% 2.13% 0.38x 2.69x CN¥-521.04 Million
2016 0.54% 0.85% 0.28x 2.27x CN¥-886.46 Million
2017 2.50% 3.65% 0.31x 2.24x CN¥-712.77 Million
2018 0.90% 1.14% 0.35x 2.26x CN¥-871.74 Million
2019 1.05% 1.22% 0.37x 2.31x CN¥-863.29 Million
2020 1.31% 1.78% 0.33x 2.26x CN¥-828.82 Million
2021 3.12% 3.43% 0.38x 2.38x CN¥-662.44 Million
2022 7.69% 6.73% 0.48x 2.36x CN¥-247.18 Million
2023 9.22% 8.73% 0.44x 2.39x CN¥-89.63 Million
2024 12.16% 9.12% 0.48x 2.78x CN¥272.36 Million

Industry Comparison

This section compares COSCO SHIPPING Specialized Carriers Co Ltd's net assets metrics with peer companies in the Marine Shipping industry.

Industry Context

  • Industry: Marine Shipping
  • Average net assets among peers: $12,019,865,348
  • Average return on equity (ROE) among peers: 8.41%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
COSCO SHIPPING Specialized Carriers Co Ltd (600428) CN¥18.04 Billion 11.52% 1.38x $3.44 Billion
Shenzhen Yan Tian Port Holdings Co Ltd (000088) $4.20 Billion 13.63% 0.09x $3.45 Billion
Zhuhai Port Co Ltd (000507) $2.54 Billion 3.63% 0.55x $698.50 Million
Chang Jiang Shipping Group Phoenix Co Ltd (000520) $553.70 Million 6.54% 0.40x $584.99 Million
Beibuwan Port Co Ltd (000582) $55.65 Million 6.76% 0.96x $4.08 Billion
Xiamen Port Development Co Ltd (000905) $250.90 Million 23.15% 0.93x $2.46 Billion
Nanjing Shenghang Shipping Co Ltd (001205) $1.50 Billion 11.29% 0.87x $415.96 Million
China Merchants Port Group Co Ltd (001872) $107.40 Billion 4.84% 0.58x $7.46 Billion
Nanjing Port Co Ltd (002040) $539.32 Million 2.24% 0.18x $710.45 Million
Hainan Strait Shipping Co Ltd (002320) $1.97 Billion 4.25% 0.12x $2.78 Billion
Guangdong Great River Smarter Logistics Co Ltd Class A (002930) $1.19 Billion 7.77% 0.57x $869.62 Million

About COSCO SHIPPING Specialized Carriers Co Ltd

SHG:600428 China Marine Shipping
Market Cap
$3.44 Billion
CN¥23.49 Billion CNY
Market Cap Rank
#4554 Global
#825 in China
Share Price
CN¥8.56
Change (1 day)
-0.23%
52-Week Range
CN¥6.05 - CN¥9.60
All Time High
CN¥13.63
Categories
Companies in China Marine Shipping
About

COSCO SHIPPING Specialized Carriers Co.,Ltd. operates as a shipping company. It operates and manages approximately 100 vessels, including multi-purpose and heavy lift vessels, semi-submersible vessels, pure car carriers, logs carriers, and asphalt carriers. The company also transports cargoes, such as RIGs, engineering vessels, port machinery, locomotives, windmills, bridge cranes, equipment, etc… Read more