Ningbo Zhoushan Port Co Ltd (601018) - Net Assets
Based on the latest financial reports, Ningbo Zhoushan Port Co Ltd (601018) has net assets worth CN¥87.32 Billion CNY (≈ $12.78 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¥117.63 Billion ≈ $17.21 Billion USD) and total liabilities (CN¥30.31 Billion ≈ $4.44 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 601018 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥87.32 Billion |
| % of Total Assets | 74.23% |
| Annual Growth Rate | 12.57% |
| 5-Year Change | 54.49% |
| 10-Year Change | 151.26% |
| Growth Volatility | 13.54 |
Ningbo Zhoushan Port Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Ningbo Zhoushan Port Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Ningbo Zhoushan Port Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Ningbo Zhoushan Port Co Ltd (2006–2024)
The table below shows the annual net assets of Ningbo Zhoushan Port Co Ltd from 2006 to 2024. For live valuation and market cap data, see market value of Ningbo Zhoushan Port Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥85.55 Billion ≈ $12.52 Billion |
+5.99% |
| 2023-12-31 | CN¥80.71 Billion ≈ $11.81 Billion |
+5.43% |
| 2022-12-31 | CN¥76.55 Billion ≈ $11.20 Billion |
+30.03% |
| 2021-12-31 | CN¥58.87 Billion ≈ $8.62 Billion |
+6.31% |
| 2020-12-31 | CN¥55.38 Billion ≈ $8.10 Billion |
+24.63% |
| 2019-12-31 | CN¥44.43 Billion ≈ $6.50 Billion |
+5.76% |
| 2018-12-31 | CN¥42.01 Billion ≈ $6.15 Billion |
+6.37% |
| 2017-12-31 | CN¥39.50 Billion ≈ $5.78 Billion |
+7.76% |
| 2016-12-31 | CN¥36.65 Billion ≈ $5.36 Billion |
+7.65% |
| 2015-12-31 | CN¥34.05 Billion ≈ $4.98 Billion |
+4.68% |
| 2014-12-31 | CN¥32.52 Billion ≈ $4.76 Billion |
+6.97% |
| 2013-12-31 | CN¥30.41 Billion ≈ $4.45 Billion |
+8.42% |
| 2012-12-31 | CN¥28.05 Billion ≈ $4.10 Billion |
+8.23% |
| 2011-12-31 | CN¥25.91 Billion ≈ $3.79 Billion |
+9.77% |
| 2010-12-31 | CN¥23.61 Billion ≈ $3.45 Billion |
+60.29% |
| 2009-12-31 | CN¥14.73 Billion ≈ $2.15 Billion |
+3.86% |
| 2008-12-31 | CN¥14.18 Billion ≈ $2.07 Billion |
+14.00% |
| 2007-12-31 | CN¥12.44 Billion ≈ $1.82 Billion |
+22.47% |
| 2006-12-31 | CN¥10.16 Billion ≈ $1.49 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Ningbo Zhoushan 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 2703549300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥27.04 Billion | 34.53% |
| Common Stock | CN¥19.45 Billion | 24.85% |
| Other Components | CN¥31.80 Billion | 40.62% |
| Total Equity | CN¥78.29 Billion | 100.00% |
Ningbo Zhoushan Port Co Ltd Competitors by Market Cap
The table below lists competitors of Ningbo Zhoushan Port Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AB SKF (publ)
ST:SKF-B
|
$10.54 Billion |
|
Alchip Technologies Ltd
TW:3661
|
$10.55 Billion |
|
Petro Rio S.A.
SA:PRIO3
|
$10.57 Billion |
|
Kratos Defense & Security Solutions
NASDAQ:KTOS
|
$10.57 Billion |
|
The Clorox Company
NYSE:CLX
|
$10.53 Billion |
|
RAKUTEN GROUP SPONS.ADR 1
F:RAKA
|
$10.53 Billion |
|
Skanska AB (publ)
ST:SKA-B
|
$10.51 Billion |
|
Aramark Holdings
NYSE:ARMK
|
$10.51 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Zhoushan Port Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 74,884,367,000 to 78,293,441,000, a change of 3,409,074,000 (4.6%).
- Net income of 4,897,513,000 contributed positively to equity growth.
- Dividend payments of 2,206,830,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥4.90 Billion | +6.26% |
| Dividends Paid | CN¥2.21 Billion | -2.82% |
| Other Changes | CN¥718.39 Million | +0.92% |
| Total Change | CN¥- | 4.55% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Zhoushan 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: 0.93x
- 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 4.13x to 0.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.90 | CN¥3.70 | x |
| 2007-12-31 | CN¥1.10 | CN¥3.70 | x |
| 2008-12-31 | CN¥1.26 | CN¥3.70 | x |
| 2009-12-31 | CN¥1.35 | CN¥3.70 | x |
| 2010-12-31 | CN¥1.97 | CN¥3.70 | x |
| 2011-12-31 | CN¥1.93 | CN¥3.70 | x |
| 2012-12-31 | CN¥2.13 | CN¥3.70 | x |
| 2013-12-31 | CN¥2.23 | CN¥3.70 | x |
| 2014-12-31 | CN¥2.40 | CN¥3.70 | x |
| 2015-12-31 | CN¥2.43 | CN¥3.70 | x |
| 2016-12-31 | CN¥2.56 | CN¥3.70 | x |
| 2017-12-31 | CN¥2.72 | CN¥3.70 | x |
| 2018-12-31 | CN¥2.92 | CN¥3.70 | x |
| 2019-12-31 | CN¥3.10 | CN¥3.70 | x |
| 2020-12-31 | CN¥3.68 | CN¥3.70 | x |
| 2021-12-31 | CN¥3.46 | CN¥3.70 | x |
| 2022-12-31 | CN¥4.31 | CN¥3.70 | x |
| 2023-12-31 | CN¥3.85 | CN¥3.70 | x |
| 2024-12-31 | CN¥4.00 | CN¥3.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Zhoushan 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): 6.26%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.06%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.44x
- Recent ROE (6.26%) is below the historical average (9.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 16.25% | 42.75% | 0.26x | 1.47x | CN¥617.33 Million |
| 2007 | 13.31% | 38.40% | 0.24x | 1.42x | CN¥400.99 Million |
| 2008 | 12.72% | 39.90% | 0.20x | 1.57x | CN¥377.38 Million |
| 2009 | 12.58% | 38.65% | 0.19x | 1.75x | CN¥373.18 Million |
| 2010 | 9.63% | 37.70% | 0.17x | 1.51x | CN¥-85.67 Million |
| 2011 | 9.85% | 36.57% | 0.20x | 1.33x | CN¥-36.40 Million |
| 2012 | 9.88% | 34.31% | 0.22x | 1.33x | CN¥-33.15 Million |
| 2013 | 9.87% | 24.92% | 0.27x | 1.45x | CN¥-37.30 Million |
| 2014 | 9.16% | 21.01% | 0.30x | 1.46x | CN¥-257.08 Million |
| 2015 | 8.21% | 15.86% | 0.35x | 1.49x | CN¥-574.60 Million |
| 2016 | 6.65% | 14.08% | 0.28x | 1.68x | CN¥-1.16 Billion |
| 2017 | 7.36% | 14.72% | 0.29x | 1.71x | CN¥-960.40 Million |
| 2018 | 7.53% | 13.15% | 0.30x | 1.92x | CN¥-948.97 Million |
| 2019 | 8.19% | 13.18% | 0.35x | 1.76x | CN¥-738.36 Million |
| 2020 | 6.79% | 16.23% | 0.25x | 1.66x | CN¥-1.65 Billion |
| 2021 | 7.79% | 18.46% | 0.24x | 1.74x | CN¥-1.21 Billion |
| 2022 | 5.92% | 16.50% | 0.24x | 1.51x | CN¥-2.94 Billion |
| 2023 | 6.23% | 17.96% | 0.23x | 1.50x | CN¥-2.82 Billion |
| 2024 | 6.26% | 17.06% | 0.25x | 1.44x | CN¥-2.93 Billion |
Industry Comparison
This section compares Ningbo Zhoushan 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: $4,165,581,724
- Average return on equity (ROE) among peers: 8.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Zhoushan Port Co Ltd (601018) | CN¥87.32 Billion | 16.25% | 0.35x | $10.53 Billion |
| Shenzhen Yan Tian Port Holdings Co Ltd (000088) | $1.40 Billion | 8.97% | 0.31x | $3.45 Billion |
| Zhuhai Port Co Ltd (000507) | $9.55 Billion | 3.06% | 1.13x | $698.50 Million |
| Chang Jiang Shipping Group Phoenix Co Ltd (000520) | $829.55 Million | 17.39% | 0.18x | $584.99 Million |
| Beibuwan Port Co Ltd (000582) | $3.86 Billion | 15.05% | 1.22x | $4.08 Billion |
| Xiamen Port Development Co Ltd (000905) | $6.40 Billion | 3.12% | 1.04x | $2.46 Billion |
| Nanjing Shenghang Shipping Co Ltd (001205) | $626.22 Million | 9.64% | 0.53x | $415.96 Million |
| China Merchants Port Group Co Ltd (001872) | $11.62 Billion | 7.59% | 0.09x | $7.46 Billion |
| Nanjing Port Co Ltd (002040) | $3.65 Billion | 3.85% | 0.29x | $710.45 Million |
| Hainan Strait Shipping Co Ltd (002320) | $1.89 Billion | 10.92% | 0.02x | $2.78 Billion |
| Guangdong Great River Smarter Logistics Co Ltd Class A (002930) | $1.83 Billion | 5.62% | 0.58x | $869.62 Million |
About Ningbo Zhoushan Port Co Ltd
Ningbo Zhoushan Port Company Limited operates as a container ocean trunk port in China. The company's terminal functions include container terminal facilities; iron ore professional terminal; crude oil terminal; liquid chemical raw material; coal transfer, storage, and transportation base; and cruise port terminal services. It also offers port services, such as pilotage, container ship tally, con… Read more