CMST Development Co Ltd (600787) - Net Assets
Based on the latest financial reports, CMST Development Co Ltd (600787) has net assets worth CN¥15.03 Billion CNY (≈ $2.20 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥23.76 Billion ≈ $3.48 Billion USD) and total liabilities (CN¥8.73 Billion ≈ $1.28 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 CMST Development Co Ltd balance sheet assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥15.03 Billion |
| % of Total Assets | 63.26% |
| Annual Growth Rate | 20.9% |
| 5-Year Change | 12.83% |
| 10-Year Change | 55.72% |
| Growth Volatility | 40.9 |
CMST Development Co Ltd - Net Assets Trend (1995–2025)
This chart illustrates how CMST Development Co Ltd's net assets have evolved over time, based on quarterly financial data. Check 600787 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for CMST Development Co Ltd (1995–2025)
The table below shows the annual net assets of CMST Development Co Ltd from 1995 to 2025. For live valuation and market cap data, see how much is CMST Development Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥14.93 Billion ≈ $2.18 Billion |
+0.76% |
| 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 |
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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 530679412427.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.31 Billion | 38.14% |
| Other Components | CN¥8.61 Billion | 61.86% |
| Total Equity | CN¥13.91 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 |
|---|---|
|
Beijing Yuanliu Hongyuan Electronic Technology Co Ltd
SHG:603267
|
$1.47 Billion |
|
Dürr Aktiengesellschaft
F:DUE
|
$1.47 Billion |
|
Lingyun Ind
SHG:600480
|
$1.47 Billion |
|
Deutsche EuroShop AG
F:DEQ
|
$1.47 Billion |
|
Shandong Yulong Gold Co Ltd
SHG:601028
|
$1.47 Billion |
|
Shenzhen Forms Syntron Information Co Ltd
SHE:300468
|
$1.47 Billion |
|
Nanhua Futures Co Ltd
SHG:603093
|
$1.47 Billion |
|
Kohl's Corporation
NYSE:KSS
|
$1.47 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 2024 to 2025, total equity changed from 13,730,822,719 to 13,913,815,221, a change of 182,992,502 (1.3%).
- Net income of 545,547,905 contributed positively to equity growth.
- Dividend payments of 210,765,523 reduced retained earnings.
- Other comprehensive income decreased equity by 3,441,558,220.
- Other factors increased equity by 3,289,768,340.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥545.55 Million | +3.92% |
| Dividends Paid | CN¥210.77 Million | -1.51% |
| Other Comprehensive Income | CN¥-3.44 Billion | -24.73% |
| Other Changes | CN¥3.29 Billion | +23.64% |
| Total Change | CN¥- | 1.33% |
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: 0.72x
- 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 121.39x to 0.72x 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¥4.63 | x |
| 1996-12-31 | CN¥0.05 | CN¥4.63 | x |
| 1997-12-31 | CN¥0.11 | CN¥4.63 | x |
| 1998-12-31 | CN¥0.24 | CN¥4.63 | x |
| 1999-12-31 | CN¥0.34 | CN¥4.63 | x |
| 2000-12-31 | CN¥0.57 | CN¥4.63 | x |
| 2001-12-31 | CN¥0.56 | CN¥4.63 | x |
| 2002-12-31 | CN¥0.58 | CN¥4.63 | x |
| 2003-12-31 | CN¥0.60 | CN¥4.63 | x |
| 2004-12-31 | CN¥0.83 | CN¥4.63 | x |
| 2005-12-31 | CN¥1.16 | CN¥4.63 | x |
| 2006-12-31 | CN¥1.29 | CN¥4.63 | x |
| 2007-12-31 | CN¥3.03 | CN¥4.63 | x |
| 2008-12-31 | CN¥2.00 | CN¥4.63 | x |
| 2009-12-31 | CN¥2.80 | CN¥4.63 | x |
| 2010-12-31 | CN¥2.42 | CN¥4.63 | x |
| 2011-12-31 | CN¥2.52 | CN¥4.63 | x |
| 2012-12-31 | CN¥2.67 | CN¥4.63 | x |
| 2013-12-31 | CN¥3.04 | CN¥4.63 | x |
| 2014-12-31 | CN¥3.23 | CN¥4.63 | x |
| 2015-12-31 | CN¥4.68 | CN¥4.63 | x |
| 2016-12-31 | CN¥4.27 | CN¥4.63 | x |
| 2017-12-31 | CN¥4.78 | CN¥4.63 | x |
| 2018-12-31 | CN¥5.09 | CN¥4.63 | x |
| 2019-12-31 | CN¥5.16 | CN¥4.63 | x |
| 2020-12-31 | CN¥5.40 | CN¥4.63 | x |
| 2021-12-31 | CN¥5.85 | CN¥4.63 | x |
| 2022-12-31 | CN¥6.01 | CN¥4.63 | x |
| 2023-12-31 | CN¥6.22 | CN¥4.63 | x |
| 2024-12-31 | CN¥6.47 | CN¥4.63 | x |
| 2025-12-31 | CN¥6.41 | CN¥4.63 | 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): 3.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.81%
- • Asset Turnover: 2.85x
- • Equity Multiplier: 1.71x
- Recent ROE (3.92%) is below the historical average (7.51%), 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 |
| 2025 | 3.92% | 0.81% | 2.85x | 1.71x | CN¥-845.83 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: $13,208,019,455
- Average return on equity (ROE) among peers: 9.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CMST Development Co Ltd (600787) | CN¥15.03 Billion | 13.79% | 0.58x | $1.47 Billion |
| Citic Offshore Helicopter Co Ltd (000099) | $1.16 Billion | 6.99% | 0.39x | $1.55 Billion |
| Guangdong Jushen Logistics Co Ltd (001202) | $138.43 Million | 28.30% | 0.64x | $322.95 Million |
| YUNDA Holding Co Ltd (002120) | $19.31 Billion | 8.42% | 0.97x | $2.81 Billion |
| S.F. Holding Co. Ltd (002352) | $98.29 Billion | 6.28% | 1.21x | $23.86 Billion |
| STO Express Co Ltd (002468) | $8.84 Billion | 0.41% | 0.94x | $3.10 Billion |
| Hubeiyichang Transportation Group Co Ltd (002627) | $3.28 Billion | 3.22% | 0.47x | $591.66 Million |
| Shenzhen Prolto Supply Chain Management Co Ltd (002769) | $304.99 Million | 16.71% | 41.46x | $337.60 Million |
| Xinjiang Tianshun Supply Chain Co Ltd (002800) | $217.30 Million | 14.59% | 0.71x | $255.99 Million |
| Shenzhen Easttop Supply Chain Management Co Ltd (002889) | $669.38 Million | 13.96% | 15.06x | $634.99 Million |
| Jiangsu Xinning Modern Logist (300013) | $-114.02 Million | 0.00% | 0.00x | $281.07 Million |
About CMST Development Co Ltd
CMST Development Co.,Ltd. provides warehousing and logistics infrastructure services in China. The company offers warehousing services, smart logistics, spot market leasing and property management services, and international freight forwarding services. It is also involved in trading bulk commodities, such as steel, non-ferrous metals, plastics and chemicals, and coal. The company was founded in … Read more