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¥5.99 Billion CNY (≈ $877.04 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥8.55 Billion ≈ $1.25 Billion USD) and total liabilities (CN¥2.56 Billion ≈ $374.32 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. Read 601022 current and long-term liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.99 Billion |
| % of Total Assets | 70.09% |
| Annual Growth Rate | 24.27% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 20.2 |
Ningbo Ocean Shipping Co. Ltd. A - Net Assets Trend (2020–2024)
This chart illustrates how Ningbo Ocean Shipping Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Also explore Ningbo Ocean Shipping Co. Ltd. A balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Ningbo Ocean Shipping Co. Ltd. A (2020–2024)
The table below shows the annual net assets of Ningbo Ocean Shipping Co. Ltd. A from 2020 to 2024. For live valuation and market cap data, see Ningbo Ocean Shipping Co. Ltd. A market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
-- |
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 101.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.89 Billion | 32.62% |
| Other Components | CN¥3.90 Billion | 67.38% |
| Total Equity | CN¥5.79 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 |
|---|---|
|
CLARIVATE PLC
NYSE:CLVT
|
$1.67 Billion |
|
Ninety One PLC
JSE:N91
|
$1.67 Billion |
|
Petrovietnam Power Corp
VN:POW
|
$1.67 Billion |
|
GIMV NV
BR:GIMB
|
$1.67 Billion |
|
RAPT Therapeutics Inc
NASDAQ:RAPT
|
$1.67 Billion |
|
Eastcompeace Technology Co Ltd
SHE:002017
|
$1.67 Billion |
|
Xinjiang Tianfu Energy Co Ltd
SHG:600509
|
$1.67 Billion |
|
Greatek Electronics Inc
TW:2441
|
$1.67 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 2023 to 2024, total equity changed from 5,428,303,064 to 5,787,218,368, a change of 358,915,304 (6.6%).
- Net income of 553,739,228 contributed positively to equity growth.
- Dividend payments of 172,180,623 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥553.74 Million | +9.57% |
| Dividends Paid | CN¥172.18 Million | -2.98% |
| Other Changes | CN¥-22.64 Million | -0.39% |
| Total Change | CN¥- | 6.61% |
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: 1.97x
- 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 4.25x to 1.97x 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¥8.73 | x |
| 2021-12-31 | CN¥2.93 | CN¥8.73 | x |
| 2022-12-31 | CN¥3.94 | CN¥8.73 | x |
| 2023-12-31 | CN¥4.15 | CN¥8.73 | x |
| 2024-12-31 | CN¥4.42 | CN¥8.73 | 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): 9.57%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.50%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.42x
- Recent ROE (9.57%) is below the historical average (11.90%), 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 |
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: $4,594,741,988
- Average return on equity (ROE) among peers: 10.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Ocean Shipping Co. Ltd. A (601022) | CN¥5.99 Billion | 12.57% | 0.43x | $1.67 Billion |
| Shenzhen Yan Tian Port Holdings Co Ltd (000088) | $8.18 Billion | 4.39% | 0.35x | $3.45 Billion |
| Zhuhai Port Co Ltd (000507) | $2.80 Billion | 2.81% | 0.96x | $707.92 Million |
| Chang Jiang Shipping Group Phoenix Co Ltd (000520) | $459.86 Million | 22.27% | 0.17x | $589.44 Million |
| Beibuwan Port Co Ltd (000582) | $248.79 Million | 10.54% | 1.28x | $4.28 Billion |
| Xiamen Port Development Co Ltd (000905) | $1.64 Billion | 7.15% | 0.78x | $2.49 Billion |
| Nanjing Shenghang Shipping Co Ltd (001205) | $1.31 Billion | 9.91% | 0.36x | $418.44 Million |
| China Merchants Port Group Co Ltd (001872) | $28.48 Billion | 12.45% | 0.60x | $7.60 Billion |
| Nanjing Port Co Ltd (002040) | $688.95 Million | 3.15% | 0.58x | $717.59 Million |
| Hainan Strait Shipping Co Ltd (002320) | $238.94 Million | 24.74% | 0.48x | $2.79 Billion |
| Guangdong Great River Smarter Logistics Co Ltd Class A (002930) | $1.90 Billion | 7.66% | 0.88x | $887.02 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 Transportation Services, and Integrated Logistics and Agency Services segments. The company offers near-sea, trans-oceanic, trade, and inland container shipping services; dry bulk cargo transportation services; and dry bulk freight forw… Read more