CMST Development Co Ltd
CMST Development Co.,Ltd. provides warehouse logistics services in China, Hong Kong, and internationally. The company offers logistics services for futures and spot delivery of commodities; circular and chain style supply chain services; and logistics services for consumer goods, such as chemicals, food and beverages, liquors, retail goods, cold chain products, packaging and chemical products, me… Read more
CMST Development Co Ltd (600787) - Net Assets
Latest net assets as of September 2025: CN¥14.93 Billion CNY
Based on the latest financial reports, CMST Development Co Ltd (600787) has net assets worth CN¥14.93 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥24.10 Billion) and total liabilities (CN¥9.18 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥14.93 Billion |
| % of Total Assets | 61.92% |
| Annual Growth Rate | 21.66% |
| 5-Year Change | 21.61% |
| 10-Year Change | 69.98% |
| Growth Volatility | 41.32 |
CMST Development Co Ltd - Net Assets Trend (1995–2024)
This chart illustrates how CMST Development Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CMST Development Co Ltd (1995–2024)
The table below shows the annual net assets of CMST Development Co Ltd from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥14.82 Billion | +1.53% |
| 2023-12-31 | CN¥14.59 Billion | +3.89% |
| 2022-12-31 | CN¥14.05 Billion | +6.16% |
| 2021-12-31 | CN¥13.23 Billion | +8.60% |
| 2020-12-31 | CN¥12.18 Billion | +4.91% |
| 2019-12-31 | CN¥11.61 Billion | +1.61% |
| 2018-12-31 | CN¥11.43 Billion | +6.05% |
| 2017-12-31 | CN¥10.78 Billion | +12.42% |
| 2016-12-31 | CN¥9.59 Billion | +9.99% |
| 2015-12-31 | CN¥8.72 Billion | +41.67% |
| 2014-12-31 | CN¥6.15 Billion | +8.73% |
| 2013-12-31 | CN¥5.66 Billion | +24.97% |
| 2012-12-31 | CN¥4.53 Billion | +5.73% |
| 2011-12-31 | CN¥4.28 Billion | +3.93% |
| 2010-12-31 | CN¥4.12 Billion | -1.20% |
| 2009-12-31 | CN¥4.17 Billion | +38.65% |
| 2008-12-31 | CN¥3.01 Billion | -24.28% |
| 2007-12-31 | CN¥3.97 Billion | +145.52% |
| 2006-12-31 | CN¥1.62 Billion | +3.87% |
| 2005-12-31 | CN¥1.56 Billion | +41.09% |
| 2004-12-31 | CN¥1.10 Billion | +37.56% |
| 2003-12-31 | CN¥802.46 Million | +4.36% |
| 2002-12-31 | CN¥768.93 Million | +2.10% |
| 2001-12-31 | CN¥753.13 Million | -0.86% |
| 2000-12-31 | CN¥759.66 Million | +70.26% |
| 1999-12-31 | CN¥446.17 Million | +42.94% |
| 1998-12-31 | CN¥312.13 Million | +108.90% |
| 1997-12-31 | CN¥149.42 Million | +148.30% |
| 1996-12-31 | CN¥60.18 Million | +19.86% |
| 1995-12-31 | CN¥50.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CMST Development 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 490000494700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.90 Billion | 35.69% |
| Common Stock | CN¥2.17 Billion | 15.84% |
| Other Comprehensive Income | CN¥3.44 Billion | 25.06% |
| Other Components | CN¥3.21 Billion | 23.41% |
| Total Equity | CN¥13.73 Billion | 100.00% |
CMST Development Co Ltd Competitors by Market Cap
The table below lists competitors of CMST Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shandong Jinjing Science and Technology Stock Co Ltd
SHG:600586
|
$799.78 Million |
|
Xinjiang Tianshan Cement Co Ltd
SHE:000877
|
$799.89 Million |
|
Greencoat Renewables PLC
IR:GRP
|
$799.97 Million |
|
Datang Telecom Technology Co Ltd
SHG:600198
|
$800.33 Million |
|
Acom Co. Ltd
PINK:ACJJF
|
$799.50 Million |
|
Shanghai Ganglian E Commerce
SHE:300226
|
$799.45 Million |
|
ODP Corp
NASDAQ:ODP
|
$799.20 Million |
|
HBL ENGINEERING LTD
NSE:HBLENGINE
|
$799.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CMST Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,586,106,144 to 13,730,822,719, a change of 144,716,575 (1.1%).
- Net income of 402,997,638 contributed positively to equity growth.
- Dividend payments of 347,427,714 reduced retained earnings.
- Share repurchases of 13,585,358 reduced equity.
- Other comprehensive income increased equity by 3,271,597,839.
- Other factors decreased equity by 3,168,865,830.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥403.00 Million | +2.93% |
| Dividends Paid | CN¥347.43 Million | -2.53% |
| Share Repurchases | CN¥13.59 Million | -0.1% |
| Other Comprehensive Income | CN¥3.27 Billion | +23.83% |
| Other Changes | CN¥-3.17 Billion | -23.08% |
| Total Change | CN¥- | 1.07% |
Book Value vs Market Value Analysis
This analysis compares CMST Development 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: 0.91x
- 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 154.69x to 0.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | CN¥0.04 | CN¥5.90 | x |
| 1996-12-31 | CN¥0.05 | CN¥5.90 | x |
| 1997-12-31 | CN¥0.11 | CN¥5.90 | x |
| 1998-12-31 | CN¥0.24 | CN¥5.90 | x |
| 1999-12-31 | CN¥0.34 | CN¥5.90 | x |
| 2000-12-31 | CN¥0.57 | CN¥5.90 | x |
| 2001-12-31 | CN¥0.56 | CN¥5.90 | x |
| 2002-12-31 | CN¥0.58 | CN¥5.90 | x |
| 2003-12-31 | CN¥0.60 | CN¥5.90 | x |
| 2004-12-31 | CN¥0.83 | CN¥5.90 | x |
| 2005-12-31 | CN¥1.16 | CN¥5.90 | x |
| 2006-12-31 | CN¥1.29 | CN¥5.90 | x |
| 2007-12-31 | CN¥3.03 | CN¥5.90 | x |
| 2008-12-31 | CN¥2.00 | CN¥5.90 | x |
| 2009-12-31 | CN¥2.80 | CN¥5.90 | x |
| 2010-12-31 | CN¥2.42 | CN¥5.90 | x |
| 2011-12-31 | CN¥2.52 | CN¥5.90 | x |
| 2012-12-31 | CN¥2.67 | CN¥5.90 | x |
| 2013-12-31 | CN¥3.04 | CN¥5.90 | x |
| 2014-12-31 | CN¥3.23 | CN¥5.90 | x |
| 2015-12-31 | CN¥4.68 | CN¥5.90 | x |
| 2016-12-31 | CN¥4.27 | CN¥5.90 | x |
| 2017-12-31 | CN¥4.78 | CN¥5.90 | x |
| 2018-12-31 | CN¥5.09 | CN¥5.90 | x |
| 2019-12-31 | CN¥5.16 | CN¥5.90 | x |
| 2020-12-31 | CN¥5.40 | CN¥5.90 | x |
| 2021-12-31 | CN¥5.85 | CN¥5.90 | x |
| 2022-12-31 | CN¥6.01 | CN¥5.90 | x |
| 2023-12-31 | CN¥6.22 | CN¥5.90 | x |
| 2024-12-31 | CN¥6.47 | CN¥5.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CMST Development 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): 2.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.64%
- • Asset Turnover: 2.78x
- • Equity Multiplier: 1.65x
- Recent ROE (2.93%) is below the historical average (7.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 13.79% | 1.18% | 3.50x | 3.33x | CN¥1.90 Million |
| 1996 | 16.57% | 1.88% | 3.02x | 2.91x | CN¥3.96 Million |
| 1997 | 10.11% | 2.60% | 2.37x | 1.64x | CN¥157.55K |
| 1998 | 11.18% | 5.92% | 1.18x | 1.60x | CN¥3.68 Million |
| 1999 | 30.61% | 23.28% | 1.01x | 1.30x | CN¥91.04 Million |
| 2000 | 6.07% | 10.28% | 0.47x | 1.25x | CN¥-29.56 Million |
| 2001 | 4.28% | 4.55% | 0.60x | 1.57x | CN¥-42.51 Million |
| 2002 | 3.76% | 2.76% | 0.74x | 1.84x | CN¥-47.41 Million |
| 2003 | 4.08% | 1.66% | 1.00x | 2.47x | CN¥-46.85 Million |
| 2004 | 4.67% | 1.49% | 1.48x | 2.12x | CN¥-58.12 Million |
| 2005 | 4.20% | 1.23% | 1.44x | 2.38x | CN¥-88.32 Million |
| 2006 | 4.66% | 0.98% | 1.65x | 2.89x | CN¥-84.64 Million |
| 2007 | 3.69% | 1.11% | 1.44x | 2.30x | CN¥-247.54 Million |
| 2008 | 5.24% | 0.96% | 2.02x | 2.70x | CN¥-140.52 Million |
| 2009 | 4.43% | 1.30% | 1.66x | 2.04x | CN¥-229.55 Million |
| 2010 | 6.94% | 1.48% | 2.04x | 2.30x | CN¥-124.42 Million |
| 2011 | 9.42% | 1.70% | 2.11x | 2.62x | CN¥-24.33 Million |
| 2012 | 8.98% | 1.50% | 2.26x | 2.64x | CN¥-45.65 Million |
| 2013 | 6.00% | 1.21% | 2.01x | 2.48x | CN¥-224.06 Million |
| 2014 | 8.97% | 2.54% | 1.70x | 2.08x | CN¥-62.45 Million |
| 2015 | 7.70% | 3.75% | 1.18x | 1.74x | CN¥-199.23 Million |
| 2016 | 8.20% | 5.02% | 0.77x | 2.11x | CN¥-168.71 Million |
| 2017 | 12.76% | 4.07% | 1.77x | 1.77x | CN¥291.59 Million |
| 2018 | 4.33% | 1.40% | 1.51x | 2.04x | CN¥-626.62 Million |
| 2019 | 2.50% | 0.69% | 1.98x | 1.82x | CN¥-839.87 Million |
| 2020 | 4.93% | 1.18% | 2.31x | 1.80x | CN¥-594.13 Million |
| 2021 | 7.22% | 1.22% | 3.25x | 1.82x | CN¥-354.50 Million |
| 2022 | 4.91% | 0.83% | 3.20x | 1.84x | CN¥-664.73 Million |
| 2023 | 5.79% | 1.17% | 2.95x | 1.68x | CN¥-572.04 Million |
| 2024 | 2.93% | 0.64% | 2.78x | 1.65x | CN¥-970.08 Million |
Industry Comparison
This section compares CMST Development 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: $1,646,607,684
- Average return on equity (ROE) among peers: 34.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CMST Development Co Ltd (600787) | CN¥14.93 Billion | 13.79% | 0.61x | $799.78 Million |
| Citic Offshore Helicopter Co Ltd (000099) | $823.93 Million | 6.22% | 0.33x | $1.30 Billion |
| Guangdong Jushen Logistics Co Ltd (001202) | $252.65 Million | 35.73% | 0.45x | $129.78 Million |
| Yongtaiyun Chemical Logistics Co.Ltd (001228) | $1.88 Billion | 7.98% | 1.09x | $205.02 Million |
| San Yang Ma (Chongqing) Logistics Co.Ltd. (001317) | $490.71 Million | 12.97% | 0.96x | $210.18 Million |
| YUNDA Holding Co Ltd (002120) | $84.36 Million | 13.68% | 2.05x | $2.59 Billion |
| S.F. Holding Co. Ltd (002352) | $724.90 Million | 252.68% | 0.59x | $11.02 Billion |
| STO Express Co Ltd (002468) | $9.21 Billion | 15.29% | 0.50x | $1.05 Billion |
| Hubeiyichang Transportation Group Co Ltd (002627) | $1.05 Billion | 4.86% | 1.19x | $498.48 Million |
| Shenzhen Prolto Supply Chain Management Co Ltd (002769) | $1.38 Billion | -6.14% | 4.12x | $395.90 Million |
| Xinjiang Tianshun Supply Chain Co Ltd (002800) | $575.26 Million | 2.11% | 0.93x | $249.67 Million |