Heilongjiang Transport Development Co Ltd (601188) - Net Assets

Latest as of September 2025: CN¥4.95 Billion CNY ≈ $724.04 Million USD

Based on the latest financial reports, Heilongjiang Transport Development Co Ltd (601188) has net assets worth CN¥4.95 Billion CNY (≈ $724.04 Million 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¥5.48 Billion ≈ $801.80 Million USD) and total liabilities (CN¥531.40 Million ≈ $77.76 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 Heilongjiang Transport Development Co Lt liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore 601188 asset base for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Heilongjiang Transport Development Co Lt stock valuation.

Year	Net Assets	Change
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 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
Shandong Chenming Paper Holdings Ltd SHE:000488	$641.87 Million
Hangzhou Flariant Co Ltd SHG:605566	$641.94 Million
FERROGLOBE PLC DL 750 F:5FG	$642.05 Million
Ads Tec Energy PLC NASDAQ:ADSE	$642.11 Million
Mennica Polska S.A. WAR:MNC	$641.42 Million
Suzhou Sonavox Electronics Co. Ltd. A SHG:688533	$641.23 Million
Chin-Poon Industrial Co Ltd TW:2355	$641.19 Million
Shanghai Lili & Beauty Cosmetics Co Ltd SHG:605136	$641.08 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: 0.96x
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 1.98x to 0.96x 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¥3.36	x
2008-12-31	CN¥1.72	CN¥3.36	x
2009-12-31	CN¥1.89	CN¥3.36	x
2010-12-31	CN¥1.97	CN¥3.36	x
2011-12-31	CN¥2.12	CN¥3.36	x
2012-12-31	CN¥2.17	CN¥3.36	x
2013-12-31	CN¥2.62	CN¥3.36	x
2014-12-31	CN¥2.58	CN¥3.36	x
2015-12-31	CN¥2.73	CN¥3.36	x
2016-12-31	CN¥2.86	CN¥3.36	x
2017-12-31	CN¥3.21	CN¥3.36	x
2018-12-31	CN¥3.22	CN¥3.36	x
2019-12-31	CN¥3.41	CN¥3.36	x
2020-12-31	CN¥3.35	CN¥3.36	x
2021-12-31	CN¥3.42	CN¥3.36	x
2022-12-31	CN¥3.40	CN¥3.36	x
2023-12-31	CN¥3.46	CN¥3.36	x
2024-12-31	CN¥3.52	CN¥3.36	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: $7,070,981,300
Average return on equity (ROE) among peers: 8.50%

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	$641.87 Million
Guangdong Provincial Expressway Development Co Ltd (000429)	$3.37 Billion	3.94%	0.12x	$3.21 Billion
Shanxi Sanwei Group Co Ltd (000755)	$160.96 Million	16.73%	1.44x	$1.08 Billion
Dongguan Development Holdings Co Ltd (000828)	$2.54 Billion	8.82%	0.40x	$1.58 Billion
City Development Environment Co Ltd (000885)	$2.90 Billion	16.27%	1.18x	$1.33 Billion
Xiandai Investment Co Ltd (000900)	$7.06 Billion	8.02%	1.65x	$937.29 Million
Merchant Express Class A (001965)	$46.36 Billion	7.27%	0.41x	$9.35 Billion
Shandong Sunway Petrochemical Engineering Co Ltd (002469)	$1.27 Billion	0.93%	0.20x	$682.68 Million
Xinjiang Communications Construction Group Co Ltd Class A (002941)	$188.53 Million	9.86%	6.32x	$1.48 Billion
Guangdong Provincial Expressway Development Co Ltd (200429)	$4.25 Billion	7.65%	0.60x	$402.45 Million
Anhui Expressway Co Ltd (600012)	$2.61 Billion	5.54%	0.17x	$2.67 Billion

About Heilongjiang Transport Development Co Ltd

SHG:601188 China Infrastructure Operations

Market Cap

$641.87 Million

CN¥4.39 Billion CNY

Market Cap Rank

#11269 Global

#3376 in China

Share Price

CN¥3.36

Change (1 day)

+0.30%

52-Week Range

CN¥3.18 - CN¥4.06

All Time High

CN¥5.70