Heilongjiang Transport Development Co Ltd
Heilongjiang Transport Development Co., Ltd., together with its subsidiaries, engages in the investment, development, construction, operation, and management of toll roads in China. The company is involved in the toll operation management and daily maintenance of Harbin-Dalian Expressway. It also engages in road maintenance; sales of petroleum, cement, solar thermal utilization, solar thermal pow… Read more
Heilongjiang Transport Development Co Ltd (601188) - Net Assets
Latest net assets as of September 2025: CN¥4.95 Billion CNY
Based on the latest financial reports, Heilongjiang Transport Development Co Ltd (601188) has net assets worth CN¥4.95 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥5.48 Billion) and total liabilities (CN¥531.40 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.95 Billion |
| % of Total Assets | 90.3% |
| Annual Growth Rate | 5.17% |
| 5-Year Change | 4.12% |
| 10-Year Change | 34.19% |
| Growth Volatility | 4.87 |
Heilongjiang Transport Development Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Heilongjiang Transport Development Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Heilongjiang Transport Development Co Ltd (2007–2024)
The table below shows the annual net assets of Heilongjiang Transport Development Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.88 Billion | +1.74% |
| 2023-12-31 | CN¥4.80 Billion | +1.61% |
| 2022-12-31 | CN¥4.72 Billion | +0.47% |
| 2021-12-31 | CN¥4.70 Billion | +0.25% |
| 2020-12-31 | CN¥4.69 Billion | +0.83% |
| 2019-12-31 | CN¥4.65 Billion | +8.04% |
| 2018-12-31 | CN¥4.30 Billion | +5.45% |
| 2017-12-31 | CN¥4.08 Billion | +7.66% |
| 2016-12-31 | CN¥3.79 Billion | +4.21% |
| 2015-12-31 | CN¥3.64 Billion | +5.75% |
| 2014-12-31 | CN¥3.44 Billion | +5.79% |
| 2013-12-31 | CN¥3.25 Billion | +21.24% |
| 2012-12-31 | CN¥2.68 Billion | +4.24% |
| 2011-12-31 | CN¥2.57 Billion | +6.34% |
| 2010-12-31 | CN¥2.42 Billion | +4.76% |
| 2009-12-31 | CN¥2.31 Billion | +9.96% |
| 2008-12-31 | CN¥2.10 Billion | +1.43% |
| 2007-12-31 | CN¥2.07 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Heilongjiang Transport 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 182125460400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.82 Billion | 39.67% |
| Common Stock | CN¥1.32 Billion | 28.66% |
| Other Comprehensive Income | CN¥1.28 Billion | 27.96% |
| Other Components | CN¥170.40 Million | 3.71% |
| Total Equity | CN¥4.59 Billion | 100.00% |
Heilongjiang Transport Development Co Ltd Competitors by Market Cap
The table below lists competitors of Heilongjiang Transport Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Simei Media Co Ltd
SHE:002712
|
$249.94 Million |
|
Sri Trang Gloves (Thailand) Public Company Limited
BK:STGT
|
$249.95 Million |
|
American Coastal Insurance Corp
NASDAQ:ACIC
|
$250.00 Million |
|
SFA Engineering Corporation
KQ:056190
|
$250.00 Million |
|
Alpha HPA Limited
F:3AU
|
$249.91 Million |
|
Boston Pizza Royalties Income Fund
PINK:BPZZF
|
$249.85 Million |
|
Holley Inc
NYSE:HLLY
|
$249.84 Million |
|
Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien
PINK:BORUF
|
$249.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Heilongjiang Transport Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,516,744,673 to 4,591,398,945, a change of 74,654,272 (1.7%).
- Net income of 152,397,721 contributed positively to equity growth.
- Dividend payments of 84,650,931 reduced retained earnings.
- Other comprehensive income increased equity by 24,661,949.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥152.40 Million | +3.32% |
| Dividends Paid | CN¥84.65 Million | -1.84% |
| Other Comprehensive Income | CN¥24.66 Million | +0.54% |
| Other Changes | CN¥-17.75 Million | -0.39% |
| Total Change | CN¥- | 1.65% |
Book Value vs Market Value Analysis
This analysis compares Heilongjiang Transport 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: 1.03x
- 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 2.15x to 1.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥1.69 | CN¥3.64 | x |
| 2008-12-31 | CN¥1.72 | CN¥3.64 | x |
| 2009-12-31 | CN¥1.89 | CN¥3.64 | x |
| 2010-12-31 | CN¥1.97 | CN¥3.64 | x |
| 2011-12-31 | CN¥2.12 | CN¥3.64 | x |
| 2012-12-31 | CN¥2.17 | CN¥3.64 | x |
| 2013-12-31 | CN¥2.62 | CN¥3.64 | x |
| 2014-12-31 | CN¥2.58 | CN¥3.64 | x |
| 2015-12-31 | CN¥2.73 | CN¥3.64 | x |
| 2016-12-31 | CN¥2.86 | CN¥3.64 | x |
| 2017-12-31 | CN¥3.21 | CN¥3.64 | x |
| 2018-12-31 | CN¥3.22 | CN¥3.64 | x |
| 2019-12-31 | CN¥3.41 | CN¥3.64 | x |
| 2020-12-31 | CN¥3.35 | CN¥3.64 | x |
| 2021-12-31 | CN¥3.42 | CN¥3.64 | x |
| 2022-12-31 | CN¥3.40 | CN¥3.64 | x |
| 2023-12-31 | CN¥3.46 | CN¥3.64 | x |
| 2024-12-31 | CN¥3.52 | CN¥3.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Heilongjiang Transport 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): 3.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.98%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.21x
- Recent ROE (3.32%) is below the historical average (5.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 5.62% | 43.57% | 0.11x | 1.22x | CN¥-90.58 Million |
| 2008 | 0.15% | 1.38% | 0.08x | 1.32x | CN¥-206.51 Million |
| 2009 | 4.75% | 42.33% | 0.08x | 1.35x | CN¥-121.07 Million |
| 2010 | 4.05% | 33.90% | 0.10x | 1.15x | CN¥-143.16 Million |
| 2011 | 5.19% | 33.33% | 0.13x | 1.17x | CN¥-121.14 Million |
| 2012 | 4.68% | 29.59% | 0.11x | 1.43x | CN¥-139.68 Million |
| 2013 | 7.41% | 52.96% | 0.11x | 1.26x | CN¥-83.04 Million |
| 2014 | 8.92% | 61.35% | 0.12x | 1.22x | CN¥-36.72 Million |
| 2015 | 7.68% | 54.77% | 0.11x | 1.31x | CN¥-83.44 Million |
| 2016 | 7.70% | 57.93% | 0.09x | 1.44x | CN¥-86.55 Million |
| 2017 | 8.80% | 19.74% | 0.37x | 1.22x | CN¥-48.12 Million |
| 2018 | 7.11% | 43.10% | 0.14x | 1.21x | CN¥-122.22 Million |
| 2019 | 8.11% | 35.31% | 0.20x | 1.16x | CN¥-85.08 Million |
| 2020 | 4.53% | 35.66% | 0.11x | 1.17x | CN¥-240.72 Million |
| 2021 | 3.73% | 31.32% | 0.11x | 1.12x | CN¥-282.15 Million |
| 2022 | 2.77% | 28.27% | 0.08x | 1.18x | CN¥-320.68 Million |
| 2023 | 3.04% | 21.04% | 0.12x | 1.19x | CN¥-314.44 Million |
| 2024 | 3.32% | 17.98% | 0.15x | 1.21x | CN¥-306.74 Million |
Industry Comparison
This section compares Heilongjiang Transport Development Co Ltd's net assets metrics with peer companies in the Infrastructure Operations industry.
Industry Context
- Industry: Infrastructure Operations
- Average net assets among peers: $11,739,398,796
- Average return on equity (ROE) among peers: 1.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Heilongjiang Transport Development Co Ltd (601188) | CN¥4.95 Billion | 5.62% | 0.11x | $249.94 Million |
| Shanxi Sanwei Group Co Ltd (000755) | $4.95 Billion | 9.26% | 1.57x | $239.87 Million |
| Dongguan Development Holdings Co Ltd (000828) | $2.67 Billion | 6.91% | 0.56x | $469.41 Million |
| City Development Environment Co Ltd (000885) | $103.40 Million | -76.39% | 3.38x | $431.18 Million |
| Xiandai Investment Co Ltd (000900) | $5.14 Billion | 16.00% | 0.56x | $475.65 Million |
| Merchant Express Class A (001965) | $63.32 Billion | 7.85% | 0.55x | $2.91 Billion |
| Shandong Sunway Petrochemical Engineering Co Ltd (002469) | $2.87 Billion | 9.16% | 0.26x | $626.47 Million |
| Xinjiang Communications Construction Group Co Ltd Class A (002941) | $2.50 Billion | 14.14% | 3.06x | $839.14 Million |
| Guangdong Provincial Expressway Development Co Ltd (200429) | $12.41 Billion | 13.17% | 0.72x | $1.13 Billion |
| Henan Zhongyuan Expressway Co Ltd (600020) | $11.21 Billion | 7.13% | 3.47x | $484.63 Million |
| Fujian Expressway Development Co Ltd (600033) | $12.23 Billion | 3.70% | 0.32x | $626.53 Million |