Heilongjiang Transport Development Co Ltd (601188) - Net Assets

Latest as of March 2026: CN¥4.82 Billion CNY ≈ $704.65 Million USD

Based on the latest financial reports, Heilongjiang Transport Development Co Ltd (601188) has net assets worth CN¥4.82 Billion CNY (≈ $704.65 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¥5.80 Billion ≈ $848.03 Million USD) and total liabilities (CN¥979.89 Million ≈ $143.39 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. Check how strategically is Heilongjiang Transport Development Co Lt's equity deployed to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥4.82 Billion
% of Total Assets	83.09%
Annual Growth Rate	4.74%
5-Year Change	1.39%
10-Year Change	25.71%
Growth Volatility	5.05

Heilongjiang Transport Development Co Ltd - Net Assets Trend (2007–2025)

This chart illustrates how Heilongjiang Transport Development Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Heilongjiang Transport Development Co Lt.

Annual Net Assets for Heilongjiang Transport Development Co Ltd (2007–2025)

The table below shows the annual net assets of Heilongjiang Transport Development Co Ltd from 2007 to 2025. Also explore net asset momentum of Heilongjiang Transport Development Co Lt to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	CN¥4.76 Billion ≈ $696.88 Million	-2.38%
2024-12-31	CN¥4.88 Billion ≈ $713.88 Million	+1.74%
2023-12-31	CN¥4.80 Billion ≈ $701.66 Million	+1.61%
2022-12-31	CN¥4.72 Billion ≈ $690.57 Million	+0.47%
2021-12-31	CN¥4.70 Billion ≈ $687.34 Million	+0.25%
2020-12-31	CN¥4.69 Billion ≈ $685.64 Million	+0.83%
2019-12-31	CN¥4.65 Billion ≈ $679.98 Million	+8.04%
2018-12-31	CN¥4.30 Billion ≈ $629.38 Million	+5.45%
2017-12-31	CN¥4.08 Billion ≈ $596.83 Million	+7.66%
2016-12-31	CN¥3.79 Billion ≈ $554.37 Million	+4.21%
2015-12-31	CN¥3.64 Billion ≈ $531.97 Million	+5.75%
2014-12-31	CN¥3.44 Billion ≈ $503.06 Million	+5.79%
2013-12-31	CN¥3.25 Billion ≈ $475.54 Million	+21.24%
2012-12-31	CN¥2.68 Billion ≈ $392.22 Million	+4.24%
2011-12-31	CN¥2.57 Billion ≈ $376.25 Million	+6.34%
2010-12-31	CN¥2.42 Billion ≈ $353.83 Million	+4.76%
2009-12-31	CN¥2.31 Billion ≈ $337.74 Million	+9.96%
2008-12-31	CN¥2.10 Billion ≈ $307.15 Million	+1.43%
2007-12-31	CN¥2.07 Billion ≈ $302.83 Million	--

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 126036409151.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥1.26 Billion	28.17%
Other Components	CN¥3.21 Billion	71.83%
Total Equity	CN¥4.47 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
Mega-info Media Co.Ltd. SHE:301102	$546.58 Million
Laurent-Perrier PA:LPE	$546.59 Million
Jiangxi Naipu Mining Machinery SHE:300818	$546.77 Million
Leon Technology Co Ltd SHE:300603	$546.84 Million
Standard Lithium Ltd V:SLI	$546.27 Million
Changshu Automotive Trim Co SHG:603035	$546.27 Million
Basler Kantonalbank SW:BSKP	$545.67 Million
Hangzhou Zhengqiang Corporation Limited SHE:301119	$545.64 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 2024 to 2025, total equity changed from 4,591,398,945 to 4,474,178,465, a change of -117,220,480 (-2.6%).
Net income of 168,094,759 contributed positively to equity growth.
Dividend payments of 138,439,962 reduced retained earnings.
Other comprehensive income decreased equity by 1,283,869,148.
Other factors increased equity by 1,136,993,871.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥168.09 Million	+3.76%
Dividends Paid	CN¥138.44 Million	-3.09%
Other Comprehensive Income	CN¥-1.28 Billion	-28.7%
Other Changes	CN¥1.14 Billion	+25.41%
Total Change	CN¥-	-2.55%

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: 0.83x
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 1.69x to 0.83x 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¥2.86	x
2008-12-31	CN¥1.72	CN¥2.86	x
2009-12-31	CN¥1.89	CN¥2.86	x
2010-12-31	CN¥1.97	CN¥2.86	x
2011-12-31	CN¥2.12	CN¥2.86	x
2012-12-31	CN¥2.17	CN¥2.86	x
2013-12-31	CN¥2.62	CN¥2.86	x
2014-12-31	CN¥2.58	CN¥2.86	x
2015-12-31	CN¥2.73	CN¥2.86	x
2016-12-31	CN¥2.85	CN¥2.86	x
2017-12-31	CN¥3.19	CN¥2.86	x
2018-12-31	CN¥3.22	CN¥2.86	x
2019-12-31	CN¥3.41	CN¥2.86	x
2020-12-31	CN¥3.35	CN¥2.86	x
2021-12-31	CN¥3.42	CN¥2.86	x
2022-12-31	CN¥3.40	CN¥2.86	x
2023-12-31	CN¥3.46	CN¥2.86	x
2024-12-31	CN¥3.52	CN¥2.86	x
2025-12-31	CN¥3.43	CN¥2.86	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): 3.76%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 21.82%
• Asset Turnover: 0.13x
• Equity Multiplier: 1.37x
Recent ROE (3.76%) is below the historical average (5.57%), 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	7.91%	50.00%	0.11x	1.43x	CN¥-54.83 Million
2013	9.09%	65.00%	0.11x	1.26x	CN¥-29.12 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	8.40%	18.85%	0.37x	1.22x	CN¥-63.98 Million
2018	7.11%	43.10%	0.14x	1.21x	CN¥-122.22 Million
2019	8.24%	35.59%	0.20x	1.16x	CN¥-78.93 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	2.84%	19.35%	0.12x	1.19x	CN¥-323.61 Million
2024	3.32%	17.98%	0.15x	1.21x	CN¥-306.74 Million
2025	3.76%	21.82%	0.13x	1.37x	CN¥-279.32 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: $9,721,685,257
Average return on equity (ROE) among peers: 9.25%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Heilongjiang Transport Development Co Ltd (601188)	CN¥4.82 Billion	5.62%	0.20x	$546.35 Million
Guangdong Provincial Expressway Development Co Ltd (000429)	$3.81 Billion	10.63%	0.91x	$3.22 Billion
Shanxi Sanwei Group Co Ltd (000755)	$881.18 Million	6.47%	0.81x	$1.01 Billion
Dongguan Development Holdings Co Ltd (000828)	$3.65 Billion	10.97%	0.44x	$1.54 Billion
Xiandai Investment Co Ltd (000900)	$10.85 Billion	9.00%	2.28x	$790.70 Million
Merchant Express Class A (001965)	$46.36 Billion	7.27%	0.41x	$9.86 Billion
Shandong Sunway Petrochemical Engineering Co Ltd (002469)	$1.32 Billion	3.04%	0.29x	$572.54 Million
Xinjiang Communications Construction Group Co Ltd Class A (002941)	$1.25 Billion	3.96%	1.99x	$1.13 Billion
Guangdong Provincial Expressway Development Co Ltd (200429)	$10.05 Billion	16.69%	0.62x	$413.14 Million
Anhui Expressway Co Ltd (600012)	$14.86 Billion	11.23%	0.64x	$2.72 Billion
Henan Zhongyuan Expressway Co Ltd (600020)	$4.20 Billion	13.20%	0.56x	$1.26 Billion

About Heilongjiang Transport Development Co Ltd

SHG:601188 China Infrastructure Operations

Market Cap

$546.35 Million

CN¥3.73 Billion CNY

Market Cap Rank

#11888 Global

#3418 in China

Share Price

CN¥2.86

Change (1 day)

-0.69%

52-Week Range

CN¥2.74 - CN¥3.73

All Time High

CN¥5.70