Ningbo Ocean Shipping Co. Ltd. A (601022) - Net Assets
Based on the latest financial reports, Ningbo Ocean Shipping Co. Ltd. A (601022) has net assets worth CN¥6.29 Billion CNY (≈ $920.55 Million 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¥9.14 Billion ≈ $1.34 Billion USD) and total liabilities (CN¥2.85 Billion ≈ $416.58 Million 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. See Ningbo Ocean Shipping Co. Ltd. A (601022) net asset quality to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥6.29 Billion |
| % of Total Assets | 68.85% |
| Annual Growth Rate | 20.38% |
| 5-Year Change | 77.46% |
| 10-Year Change | N/A |
| Growth Volatility | 19.74 |
Ningbo Ocean Shipping Co. Ltd. A - Net Assets Trend (2020–2025)
This chart illustrates how Ningbo Ocean Shipping Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Ningbo Ocean Shipping Co. Ltd. A.
Annual Net Assets for Ningbo Ocean Shipping Co. Ltd. A (2020–2025)
The table below shows the annual net assets of Ningbo Ocean Shipping Co. Ltd. A from 2020 to 2025. Also explore net asset momentum of Ningbo Ocean Shipping Co. Ltd. A to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥6.14 Billion ≈ $899.06 Million |
+5.98% |
| 2024-12-31 | CN¥5.80 Billion ≈ $848.32 Million |
+6.63% |
| 2023-12-31 | CN¥5.44 Billion ≈ $795.55 Million |
+5.08% |
| 2022-12-31 | CN¥5.17 Billion ≈ $757.08 Million |
+49.44% |
| 2021-12-31 | CN¥3.46 Billion ≈ $506.63 Million |
+42.42% |
| 2020-12-31 | CN¥2.43 Billion ≈ $355.72 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ningbo Ocean Shipping Co. Ltd. A'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 135.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.21 Billion | 35.98% |
| Other Components | CN¥3.93 Billion | 64.02% |
| Total Equity | CN¥6.13 Billion | 100.00% |
Ningbo Ocean Shipping Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Ningbo Ocean Shipping Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mister Car Wash, Inc. Common Stock
NYSE:MCW
|
$1.65 Billion |
|
Guangdong Xianglu Tungsten Co Ltd
SHE:002842
|
$1.65 Billion |
|
Guangdong Guangzhou Daily Media Co Ltd
SHE:002181
|
$1.65 Billion |
|
Gemdale Corp
SHG:600383
|
$1.65 Billion |
|
EQ Resources Ltd
AU:EQR
|
$1.65 Billion |
|
Ruentex Engineering & Construction Co Ltd
TW:2597
|
$1.65 Billion |
|
Gestamp Automocion SA
MC:GEST
|
$1.65 Billion |
|
GIMV NV
BR:GIMB
|
$1.65 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Ocean Shipping Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,787,218,368 to 6,131,964,915, a change of 344,746,547 (6.0%).
- Net income of 654,090,037 contributed positively to equity growth.
- Dividend payments of 295,498,500 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥654.09 Million | +10.67% |
| Dividends Paid | CN¥295.50 Million | -4.82% |
| Other Changes | CN¥-13.84 Million | -0.23% |
| Total Change | CN¥- | 5.96% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Ocean Shipping Co. Ltd. A'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: 1.84x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.20x to 1.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CN¥2.05 | CN¥8.62 | x |
| 2021-12-31 | CN¥2.93 | CN¥8.62 | x |
| 2022-12-31 | CN¥3.94 | CN¥8.62 | x |
| 2023-12-31 | CN¥4.15 | CN¥8.62 | x |
| 2024-12-31 | CN¥4.42 | CN¥8.62 | x |
| 2025-12-31 | CN¥4.69 | CN¥8.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Ocean Shipping Co. Ltd. A 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): 10.67%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.71%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 1.43x
- Recent ROE (10.67%) is below the historical average (11.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 12.57% | 10.03% | 0.69x | 1.82x | CN¥62.14 Million |
| 2021 | 15.09% | 13.65% | 0.67x | 1.66x | CN¥175.58 Million |
| 2022 | 12.98% | 14.05% | 0.68x | 1.36x | CN¥153.71 Million |
| 2023 | 9.29% | 11.28% | 0.57x | 1.46x | CN¥-38.80 Million |
| 2024 | 9.57% | 10.50% | 0.64x | 1.42x | CN¥-24.98 Million |
| 2025 | 10.67% | 10.71% | 0.69x | 1.43x | CN¥40.89 Million |
Industry Comparison
This section compares Ningbo Ocean Shipping Co. Ltd. A's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $7,039,711,182
- Average return on equity (ROE) among peers: 9.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Ocean Shipping Co. Ltd. A (601022) | CN¥6.29 Billion | 12.57% | 0.45x | $1.65 Billion |
| Shenzhen Yan Tian Port Holdings Co Ltd (000088) | $3.72 Billion | 17.99% | 0.10x | $3.46 Billion |
| Zhuhai Port Co Ltd (000507) | $2.92 Billion | 3.57% | 0.96x | $674.28 Million |
| Chang Jiang Shipping Group Phoenix Co Ltd (000520) | $1.33 Billion | 5.28% | 0.11x | $613.13 Million |
| Beibuwan Port Co Ltd (000582) | $248.79 Million | 10.54% | 1.28x | $3.60 Billion |
| Xiamen Port Development Co Ltd (000905) | $2.15 Billion | 11.15% | 0.69x | $2.11 Billion |
| Nanjing Shenghang Shipping Co Ltd (001205) | $67.30 Million | 20.99% | 3.56x | $401.66 Million |
| China Merchants Port Group Co Ltd (001872) | $56.43 Billion | 7.47% | 0.58x | $7.72 Billion |
| Nanjing Port Co Ltd (002040) | $539.32 Million | 2.24% | 0.18x | $663.32 Million |
| Hainan Strait Shipping Co Ltd (002320) | $1.91 Billion | 4.48% | 0.01x | $2.18 Billion |
| Guangdong Great River Smarter Logistics Co Ltd Class A (002930) | $1.10 Billion | 7.63% | 0.72x | $616.59 Million |
About Ningbo Ocean Shipping Co. Ltd. A
Ningbo Ocean Shipping Co., Ltd., together with its subsidiaries, provides shipping services in Japan, South Korea, Taiwan, and Southeast Asia. It operates through two segments: Transportation Services, and Integrated Logistics and Agency Services. The company offers near-sea, trans-oceanic, trade, and feeder container shipping services; dry bulk cargo transportation services; and dry bulk freight… Read more