CMST Development Co Ltd (600787) - Net Assets

Latest as of September 2025: CN¥14.93 Billion CNY ≈ $2.18 Billion USD

Based on the latest financial reports, CMST Development Co Ltd (600787) has net assets worth CN¥14.93 Billion CNY (≈ $2.18 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¥24.10 Billion ≈ $3.53 Billion USD) and total liabilities (CN¥9.18 Billion ≈ $1.34 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 600787 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore 600787 total asset value for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 600787 market cap overview.

Year Net Assets Change
2024-12-31 CN¥14.82 Billion
≈ $2.17 Billion		 +1.53%
2023-12-31 CN¥14.59 Billion
≈ $2.14 Billion		 +3.89%
2022-12-31 CN¥14.05 Billion
≈ $2.06 Billion		 +6.16%
2021-12-31 CN¥13.23 Billion
≈ $1.94 Billion		 +8.60%
2020-12-31 CN¥12.18 Billion
≈ $1.78 Billion		 +4.91%
2019-12-31 CN¥11.61 Billion
≈ $1.70 Billion		 +1.61%
2018-12-31 CN¥11.43 Billion
≈ $1.67 Billion		 +6.05%
2017-12-31 CN¥10.78 Billion
≈ $1.58 Billion		 +12.42%
2016-12-31 CN¥9.59 Billion
≈ $1.40 Billion		 +9.99%
2015-12-31 CN¥8.72 Billion
≈ $1.28 Billion		 +41.67%
2014-12-31 CN¥6.15 Billion
≈ $900.22 Million		 +8.73%
2013-12-31 CN¥5.66 Billion
≈ $827.96 Million		 +24.97%
2012-12-31 CN¥4.53 Billion
≈ $662.52 Million		 +5.73%
2011-12-31 CN¥4.28 Billion
≈ $626.61 Million		 +3.93%
2010-12-31 CN¥4.12 Billion
≈ $602.89 Million		 -1.20%
2009-12-31 CN¥4.17 Billion
≈ $610.21 Million		 +38.65%
2008-12-31 CN¥3.01 Billion
≈ $440.10 Million		 -24.28%
2007-12-31 CN¥3.97 Billion
≈ $581.21 Million		 +145.52%
2006-12-31 CN¥1.62 Billion
≈ $236.73 Million		 +3.87%
2005-12-31 CN¥1.56 Billion
≈ $227.90 Million		 +41.09%
2004-12-31 CN¥1.10 Billion
≈ $161.53 Million		 +37.56%
2003-12-31 CN¥802.46 Million
≈ $117.42 Million		 +4.36%
2002-12-31 CN¥768.93 Million
≈ $112.52 Million		 +2.10%
2001-12-31 CN¥753.13 Million
≈ $110.21 Million		 -0.86%
2000-12-31 CN¥759.66 Million
≈ $111.16 Million		 +70.26%
1999-12-31 CN¥446.17 Million
≈ $65.29 Million		 +42.94%
1998-12-31 CN¥312.13 Million
≈ $45.67 Million		 +108.90%
1997-12-31 CN¥149.42 Million
≈ $21.86 Million		 +148.30%
1996-12-31 CN¥60.18 Million
≈ $8.81 Million		 +19.86%
1995-12-31 CN¥50.20 Million
≈ $7.35 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
S-1 Corp
KO:012750
 $1.67 Billion
ADIENT PLC DL-001
F:18I
 $1.67 Billion
RAPT Therapeutics Inc
NASDAQ:RAPT
 $1.67 Billion
CLARIVATE PLC
NYSE:CLVT
 $1.67 Billion
Collective Mining Ltd
TO:CNL
 $1.67 Billion
Beijing Gehua CATV Network Co Ltd
SHG:600037
 $1.67 Billion
Cohu Inc
NASDAQ:COHU
 $1.67 Billion
Jiangsu Yunyi Electric
SHE:300304
 $1.67 Billion

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: 0.81x
  • 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 137.91x to 0.81x 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¥5.26 x
1996-12-31 CN¥0.05 CN¥5.26 x
1997-12-31 CN¥0.11 CN¥5.26 x
1998-12-31 CN¥0.24 CN¥5.26 x
1999-12-31 CN¥0.34 CN¥5.26 x
2000-12-31 CN¥0.57 CN¥5.26 x
2001-12-31 CN¥0.56 CN¥5.26 x
2002-12-31 CN¥0.58 CN¥5.26 x
2003-12-31 CN¥0.60 CN¥5.26 x
2004-12-31 CN¥0.83 CN¥5.26 x
2005-12-31 CN¥1.16 CN¥5.26 x
2006-12-31 CN¥1.29 CN¥5.26 x
2007-12-31 CN¥3.03 CN¥5.26 x
2008-12-31 CN¥2.00 CN¥5.26 x
2009-12-31 CN¥2.80 CN¥5.26 x
2010-12-31 CN¥2.42 CN¥5.26 x
2011-12-31 CN¥2.52 CN¥5.26 x
2012-12-31 CN¥2.67 CN¥5.26 x
2013-12-31 CN¥3.04 CN¥5.26 x
2014-12-31 CN¥3.23 CN¥5.26 x
2015-12-31 CN¥4.68 CN¥5.26 x
2016-12-31 CN¥4.27 CN¥5.26 x
2017-12-31 CN¥4.78 CN¥5.26 x
2018-12-31 CN¥5.09 CN¥5.26 x
2019-12-31 CN¥5.16 CN¥5.26 x
2020-12-31 CN¥5.40 CN¥5.26 x
2021-12-31 CN¥5.85 CN¥5.26 x
2022-12-31 CN¥6.01 CN¥5.26 x
2023-12-31 CN¥6.22 CN¥5.26 x
2024-12-31 CN¥6.47 CN¥5.26 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: $4,139,382,052
  • Average return on equity (ROE) among peers: 18.95%

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 $1.67 Billion
Citic Offshore Helicopter Co Ltd (000099) $1.16 Billion 6.99% 0.39x $2.07 Billion
Guangdong Jushen Logistics Co Ltd (001202) $51.42 Million 8.12% 0.47x $425.40 Million
YUNDA Holding Co Ltd (002120) $5.25 Billion 30.25% 0.79x $3.35 Billion
S.F. Holding Co. Ltd (002352) $32.73 Billion 14.59% 0.76x $26.47 Billion
STO Express Co Ltd (002468) $242.34 Million 62.69% 1.08x $3.65 Billion
Hubeiyichang Transportation Group Co Ltd (002627) $268.43 Million 28.09% 1.38x $771.91 Million
Shenzhen Prolto Supply Chain Management Co Ltd (002769) $75.60 Million 23.23% 6.45x $547.92 Million
Xinjiang Tianshun Supply Chain Co Ltd (002800) $575.26 Million 2.11% 0.93x $405.04 Million
Shenzhen Easttop Supply Chain Management Co Ltd (002889) $679.80 Million 12.04% 17.63x $741.10 Million
Jiangsu Xinning Modern Logist (300013) $359.48 Million 1.37% 0.50x $372.58 Million

About CMST Development Co Ltd

SHG:600787 China Integrated Freight & Logistics
Market Cap
$1.67 Billion
CN¥11.41 Billion CNY
Market Cap Rank
#7011 Global
#1666 in China
Share Price
CN¥5.26
Change (1 day)
+0.00%
52-Week Range
CN¥5.25 - CN¥6.36
All Time High
CN¥11.37
Categories
Companies in China Integrated Freight & Logistics
About

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