Tianjin Port Co Ltd (600717) - Net Assets
Based on the latest financial reports, Tianjin Port Co Ltd (600717) has net assets worth CN¥27.34 Billion CNY (≈ $4.00 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¥36.32 Billion ≈ $5.31 Billion USD) and total liabilities (CN¥8.98 Billion ≈ $1.31 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 balance sheet size of Tianjin Port Co Ltd for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥27.34 Billion |
| % of Total Assets | 75.27% |
| Annual Growth Rate | 18.87% |
| 5-Year Change | 16.83% |
| 10-Year Change | 38.73% |
| Growth Volatility | 80.04 |
Tianjin Port Co Ltd - Net Assets Trend (1994–2024)
This chart illustrates how Tianjin Port Co Ltd's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see 600717 market cap.
Annual Net Assets for Tianjin Port Co Ltd (1994–2024)
The table below shows the annual net assets of Tianjin Port Co Ltd from 1994 to 2024. Explore cash flow conversion of Tianjin Port Co Ltd to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥26.52 Billion ≈ $3.88 Billion |
+3.86% |
| 2023-12-31 | CN¥25.53 Billion ≈ $3.74 Billion |
+3.50% |
| 2022-12-31 | CN¥24.67 Billion ≈ $3.61 Billion |
+7.90% |
| 2021-12-31 | CN¥22.86 Billion ≈ $3.35 Billion |
+0.73% |
| 2020-12-31 | CN¥22.70 Billion ≈ $3.32 Billion |
+2.62% |
| 2019-12-31 | CN¥22.12 Billion ≈ $3.24 Billion |
+5.80% |
| 2018-12-31 | CN¥20.90 Billion ≈ $3.06 Billion |
+0.56% |
| 2017-12-31 | CN¥20.79 Billion ≈ $3.04 Billion |
+2.31% |
| 2016-12-31 | CN¥20.32 Billion ≈ $2.97 Billion |
+6.32% |
| 2015-12-31 | CN¥19.11 Billion ≈ $2.80 Billion |
+3.95% |
| 2014-12-31 | CN¥18.39 Billion ≈ $2.69 Billion |
+7.90% |
| 2013-12-31 | CN¥17.04 Billion ≈ $2.49 Billion |
+7.50% |
| 2012-12-31 | CN¥15.85 Billion ≈ $2.32 Billion |
+9.76% |
| 2011-12-31 | CN¥14.44 Billion ≈ $2.11 Billion |
+6.33% |
| 2010-12-31 | CN¥13.58 Billion ≈ $1.99 Billion |
+5.40% |
| 2009-12-31 | CN¥12.89 Billion ≈ $1.89 Billion |
+7.95% |
| 2008-12-31 | CN¥11.94 Billion ≈ $1.75 Billion |
+68.69% |
| 2007-12-31 | CN¥7.08 Billion ≈ $1.04 Billion |
+42.60% |
| 2006-12-31 | CN¥4.96 Billion ≈ $726.22 Million |
+6.73% |
| 2005-12-31 | CN¥4.65 Billion ≈ $680.42 Million |
+18.91% |
| 2004-12-31 | CN¥3.91 Billion ≈ $572.20 Million |
+68.14% |
| 2003-12-31 | CN¥2.33 Billion ≈ $340.31 Million |
+15.60% |
| 2002-12-31 | CN¥2.01 Billion ≈ $294.38 Million |
+16.53% |
| 2001-12-31 | CN¥1.73 Billion ≈ $252.63 Million |
+16.12% |
| 2000-12-31 | CN¥1.49 Billion ≈ $217.57 Million |
+30.01% |
| 1999-12-31 | CN¥1.14 Billion ≈ $167.35 Million |
-0.65% |
| 1998-12-31 | CN¥1.15 Billion ≈ $168.45 Million |
+11.33% |
| 1997-12-31 | CN¥1.03 Billion ≈ $151.31 Million |
+449.58% |
| 1996-12-31 | CN¥188.15 Million ≈ $27.53 Million |
+13.13% |
| 1995-12-31 | CN¥166.31 Million ≈ $24.34 Million |
+12.06% |
| 1994-12-31 | CN¥148.41 Million ≈ $21.72 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Tianjin Port 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 58669.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥10.56 Billion | 54.44% |
| Common Stock | CN¥2.89 Billion | 14.93% |
| Other Comprehensive Income | CN¥5.48 Billion | 28.25% |
| Other Components | CN¥461.47 Million | 2.38% |
| Total Equity | CN¥19.39 Billion | 100.00% |
Tianjin Port Co Ltd Competitors by Market Cap
The table below lists competitors of Tianjin Port Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MicroPort Scientific Corporation
F:MSK
|
$2.01 Billion |
|
Jiangsu Provincial Agricultural Reclamation and Development Co Ltd
SHG:601952
|
$2.01 Billion |
|
Walsin Technology Corp
TW:2492
|
$2.01 Billion |
|
Wasu Media Holding Co Ltd
SHE:000156
|
$2.01 Billion |
|
Pan Ocean Co Ltd
KO:028670
|
$2.01 Billion |
|
Sanhe Tongfei Refrigeration Co. Ltd.
SHE:300990
|
$2.01 Billion |
|
Northwest Bancshares Inc
NASDAQ:NWBI
|
$2.01 Billion |
|
Harbin Electric
F:HP6H
|
$2.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tianjin Port Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 18,631,979,000 to 19,388,562,000, a change of 756,583,000 (4.1%).
- Net income of 993,628,861 contributed positively to equity growth.
- Dividend payments of 518,885,000 reduced retained earnings.
- Other comprehensive income increased equity by 5,413,881,944.
- Other factors decreased equity by 5,132,042,805.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥993.63 Million | +5.12% |
| Dividends Paid | CN¥518.88 Million | -2.68% |
| Other Comprehensive Income | CN¥5.41 Billion | +27.92% |
| Other Changes | CN¥-5.13 Billion | -26.47% |
| Total Change | CN¥- | 4.06% |
Book Value vs Market Value Analysis
This analysis compares Tianjin Port 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: 0.71x
- 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 55.12x to 0.71x 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¥0.09 | CN¥4.74 | x |
| 1995-12-31 | CN¥0.10 | CN¥4.74 | x |
| 1996-12-31 | CN¥0.11 | CN¥4.74 | x |
| 1997-12-31 | CN¥0.60 | CN¥4.74 | x |
| 1998-12-31 | CN¥0.67 | CN¥4.74 | x |
| 1999-12-31 | CN¥0.66 | CN¥4.74 | x |
| 2000-12-31 | CN¥0.86 | CN¥4.74 | x |
| 2001-12-31 | CN¥0.64 | CN¥4.74 | x |
| 2002-12-31 | CN¥0.73 | CN¥4.74 | x |
| 2003-12-31 | CN¥0.85 | CN¥4.74 | x |
| 2004-12-31 | CN¥1.18 | CN¥4.74 | x |
| 2005-12-31 | CN¥1.62 | CN¥4.74 | x |
| 2006-12-31 | CN¥1.74 | CN¥4.74 | x |
| 2007-12-31 | CN¥2.44 | CN¥4.74 | x |
| 2008-12-31 | CN¥3.15 | CN¥4.74 | x |
| 2009-12-31 | CN¥3.32 | CN¥4.74 | x |
| 2010-12-31 | CN¥3.59 | CN¥4.74 | x |
| 2011-12-31 | CN¥3.86 | CN¥4.74 | x |
| 2012-12-31 | CN¥4.13 | CN¥4.74 | x |
| 2013-12-31 | CN¥4.40 | CN¥4.74 | x |
| 2014-12-31 | CN¥4.71 | CN¥4.74 | x |
| 2015-12-31 | CN¥4.99 | CN¥4.74 | x |
| 2016-12-31 | CN¥6.06 | CN¥4.74 | x |
| 2017-12-31 | CN¥5.39 | CN¥4.74 | x |
| 2018-12-31 | CN¥6.54 | CN¥4.74 | x |
| 2019-12-31 | CN¥7.46 | CN¥4.74 | x |
| 2020-12-31 | CN¥5.88 | CN¥4.74 | x |
| 2021-12-31 | CN¥6.08 | CN¥4.74 | x |
| 2022-12-31 | CN¥6.30 | CN¥4.74 | x |
| 2023-12-31 | CN¥6.45 | CN¥4.74 | x |
| 2024-12-31 | CN¥6.70 | CN¥4.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tianjin Port 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): 5.12%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.23%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.86x
- Recent ROE (5.12%) is below the historical average (9.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 14.51% | 25.10% | 0.43x | 1.35x | CN¥6.66 Million |
| 1995 | 13.16% | 23.51% | 0.36x | 1.54x | CN¥5.22 Million |
| 1996 | 16.32% | 27.90% | 0.40x | 1.48x | CN¥11.81 Million |
| 1997 | 9.83% | 31.61% | 0.26x | 1.18x | CN¥-1.70 Million |
| 1998 | 9.27% | 21.47% | 0.30x | 1.46x | CN¥-8.34 Million |
| 1999 | 10.36% | 23.73% | 0.25x | 1.76x | CN¥4.13 Million |
| 2000 | 12.93% | 29.45% | 0.30x | 1.48x | CN¥43.38 Million |
| 2001 | 16.93% | 26.97% | 0.36x | 1.77x | CN¥110.48 Million |
| 2002 | 16.48% | 24.20% | 0.39x | 1.75x | CN¥117.51 Million |
| 2003 | 13.92% | 21.91% | 0.30x | 2.11x | CN¥82.31 Million |
| 2004 | 10.07% | 15.53% | 0.26x | 2.47x | CN¥2.00 Million |
| 2005 | 17.92% | 30.41% | 0.37x | 1.59x | CN¥317.86 Million |
| 2006 | 11.96% | 20.79% | 0.35x | 1.64x | CN¥84.40 Million |
| 2007 | 8.99% | 20.49% | 0.25x | 1.73x | CN¥-67.54 Million |
| 2008 | 10.48% | 8.49% | 0.56x | 2.21x | CN¥43.43 Million |
| 2009 | 6.62% | 6.58% | 0.46x | 2.20x | CN¥-328.02 Million |
| 2010 | 7.75% | 7.00% | 0.51x | 2.15x | CN¥-233.78 Million |
| 2011 | 8.39% | 7.31% | 0.56x | 2.05x | CN¥-178.29 Million |
| 2012 | 8.41% | 7.44% | 0.53x | 2.14x | CN¥-189.45 Million |
| 2013 | 8.41% | 6.42% | 0.56x | 2.36x | CN¥-201.18 Million |
| 2014 | 8.48% | 4.51% | 0.76x | 2.48x | CN¥-207.20 Million |
| 2015 | 8.47% | 7.96% | 0.46x | 2.32x | CN¥-221.56 Million |
| 2016 | 7.64% | 9.51% | 0.44x | 1.84x | CN¥-414.04 Million |
| 2017 | 5.26% | 5.79% | 0.40x | 2.30x | CN¥-741.90 Million |
| 2018 | 3.40% | 4.11% | 0.38x | 2.16x | CN¥-1.04 Billion |
| 2019 | 3.69% | 4.67% | 0.37x | 2.15x | CN¥-1.03 Billion |
| 2020 | 4.08% | 4.96% | 0.38x | 2.14x | CN¥-997.17 Million |
| 2021 | 5.60% | 6.72% | 0.42x | 1.98x | CN¥-765.44 Million |
| 2022 | 4.13% | 6.84% | 0.32x | 1.90x | CN¥-1.05 Billion |
| 2023 | 5.27% | 8.39% | 0.33x | 1.88x | CN¥-881.55 Million |
| 2024 | 5.12% | 8.23% | 0.34x | 1.86x | CN¥-945.23 Million |
Industry Comparison
This section compares Tianjin Port 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 |
|---|---|---|---|---|
| Tianjin Port Co Ltd (600717) | CN¥27.34 Billion | 14.51% | 0.33x | $2.01 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 Tianjin Port Co Ltd
Tianjin Port Holdings Co., Ltd. engages in the cargo loading and unloading activities in China. It is involved in the port loading and unloading, logistics, port services, and other related port activities. The company was founded in 1992 and is based in Tianjin, China. Tianjin Port Holdings Co., Ltd. operates as a subsidiary of Tianjin Port Development Holdings Limited.