GZ Port (601228) - Net Assets
Based on the latest financial reports, GZ Port (601228) has net assets worth CN¥25.50 Billion CNY (≈ $3.73 Billion 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¥55.40 Billion ≈ $8.11 Billion USD) and total liabilities (CN¥29.89 Billion ≈ $4.37 Billion 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. Also explore GZ Port asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥25.50 Billion |
| % of Total Assets | 46.04% |
| Annual Growth Rate | 8.51% |
| 5-Year Change | 41.53% |
| 10-Year Change | 121.7% |
| Growth Volatility | 8.22 |
GZ Port - Net Assets Trend (2009–2025)
This chart illustrates how GZ Port's net assets have evolved over time, based on quarterly financial data. Check tangible net worth ratio of GZ Port to evaluate the tangible quality of the company's equity base.
Annual Net Assets for GZ Port (2009–2025)
The table below shows the annual net assets of GZ Port from 2009 to 2025. For live valuation and market cap data, see market value of GZ Port.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥25.19 Billion ≈ $3.69 Billion |
+2.67% |
| 2024-12-31 | CN¥24.54 Billion ≈ $3.59 Billion |
+3.30% |
| 2023-12-31 | CN¥23.76 Billion ≈ $3.48 Billion |
+5.47% |
| 2022-12-31 | CN¥22.52 Billion ≈ $3.30 Billion |
+26.52% |
| 2021-12-31 | CN¥17.80 Billion ≈ $2.60 Billion |
+6.50% |
| 2020-12-31 | CN¥16.71 Billion ≈ $2.45 Billion |
+4.72% |
| 2019-12-31 | CN¥15.96 Billion ≈ $2.34 Billion |
+6.25% |
| 2018-12-31 | CN¥15.02 Billion ≈ $2.20 Billion |
+9.59% |
| 2017-12-31 | CN¥13.71 Billion ≈ $2.01 Billion |
+20.63% |
| 2016-12-31 | CN¥11.36 Billion ≈ $1.66 Billion |
+5.76% |
| 2015-12-31 | CN¥10.75 Billion ≈ $1.57 Billion |
+5.74% |
| 2014-12-31 | CN¥10.16 Billion ≈ $1.49 Billion |
+18.82% |
| 2013-12-31 | CN¥8.55 Billion ≈ $1.25 Billion |
+9.77% |
| 2012-12-31 | CN¥7.79 Billion ≈ $1.14 Billion |
+14.28% |
| 2011-12-31 | CN¥6.82 Billion ≈ $997.65 Million |
+11.38% |
| 2010-12-31 | CN¥6.12 Billion ≈ $895.69 Million |
-10.23% |
| 2009-12-31 | CN¥6.82 Billion ≈ $997.77 Million |
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Equity Component Analysis
This analysis shows how different components contribute to GZ Port'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 519.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥7.97 Billion | 37.44% |
| Other Components | CN¥13.32 Billion | 62.56% |
| Total Equity | CN¥21.29 Billion | 100.00% |
GZ Port Competitors by Market Cap
The table below lists competitors of GZ Port ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nelnet Inc
NYSE:NNI
|
$3.50 Billion |
|
Centrus Energy Corp.
NYSE MKT:LEU
|
$3.50 Billion |
|
Laboratorios Farmaceuticos ROVI
MC:ROVI
|
$3.50 Billion |
|
nLIGHT Inc
NASDAQ:LASR
|
$3.50 Billion |
|
CRISIL Limited
NSE:CRISIL
|
$3.50 Billion |
|
Uni-President China Holdings Ltd
F:58U
|
$3.50 Billion |
|
Kirloskar Oil Engines Limited
NSE:KIRLOSENG
|
$3.50 Billion |
|
Genworth Financial Inc
NYSE:GNW
|
$3.50 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GZ Port's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 20,839,390,000 to 21,291,318,134, a change of 451,928,134 (2.2%).
- Net income of 821,640,900 contributed positively to equity growth.
- Dividend payments of 803,872,407 reduced retained earnings.
- Other comprehensive income increased equity by 1,054,000.
- Other factors increased equity by 433,105,641.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥821.64 Million | +3.86% |
| Dividends Paid | CN¥803.87 Million | -3.78% |
| Other Comprehensive Income | CN¥1.05 Million | +0.0% |
| Other Changes | CN¥433.11 Million | +2.03% |
| Total Change | CN¥- | 2.17% |
Book Value vs Market Value Analysis
This analysis compares GZ Port'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: 1.12x
- 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 3.19x to 1.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | CN¥0.99 | CN¥3.17 | x |
| 2011-12-31 | CN¥1.15 | CN¥3.17 | x |
| 2012-12-31 | CN¥1.38 | CN¥3.17 | x |
| 2013-12-31 | CN¥1.52 | CN¥3.17 | x |
| 2014-12-31 | CN¥1.67 | CN¥3.17 | x |
| 2015-12-31 | CN¥1.69 | CN¥3.17 | x |
| 2016-12-31 | CN¥1.79 | CN¥3.17 | x |
| 2017-12-31 | CN¥2.08 | CN¥3.17 | x |
| 2018-12-31 | CN¥2.10 | CN¥3.17 | x |
| 2019-12-31 | CN¥2.13 | CN¥3.17 | x |
| 2020-12-31 | CN¥2.23 | CN¥3.17 | x |
| 2021-12-31 | CN¥2.37 | CN¥3.17 | x |
| 2022-12-31 | CN¥2.58 | CN¥3.17 | x |
| 2023-12-31 | CN¥2.61 | CN¥3.17 | x |
| 2024-12-31 | CN¥2.77 | CN¥3.17 | x |
| 2025-12-31 | CN¥2.82 | CN¥3.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GZ Port 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): 3.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.91%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 2.55x
- Recent ROE (3.86%) is below the historical average (7.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 8.06% | 10.64% | 0.33x | 2.31x | CN¥-101.90 Million |
| 2011 | 9.56% | 12.66% | 0.37x | 2.06x | CN¥-26.27 Million |
| 2012 | 10.89% | 14.55% | 0.38x | 1.98x | CN¥59.90 Million |
| 2013 | 10.56% | 14.40% | 0.39x | 1.90x | CN¥41.77 Million |
| 2014 | 8.96% | 13.27% | 0.34x | 2.01x | CN¥-93.80 Million |
| 2015 | 7.11% | 10.02% | 0.34x | 2.10x | CN¥-273.44 Million |
| 2016 | 6.71% | 8.67% | 0.37x | 2.10x | CN¥-328.75 Million |
| 2017 | 5.77% | 8.39% | 0.38x | 1.83x | CN¥-510.95 Million |
| 2018 | 5.72% | 8.32% | 0.34x | 2.01x | CN¥-537.28 Million |
| 2019 | 6.48% | 8.19% | 0.36x | 2.18x | CN¥-464.59 Million |
| 2020 | 6.32% | 7.76% | 0.33x | 2.45x | CN¥-507.45 Million |
| 2021 | 7.73% | 9.44% | 0.30x | 2.73x | CN¥-332.86 Million |
| 2022 | 5.55% | 8.47% | 0.27x | 2.45x | CN¥-863.71 Million |
| 2023 | 5.35% | 8.18% | 0.27x | 2.46x | CN¥-936.53 Million |
| 2024 | 4.63% | 6.85% | 0.27x | 2.51x | CN¥-1.12 Billion |
| 2025 | 3.86% | 5.91% | 0.26x | 2.55x | CN¥-1.31 Billion |
Industry Comparison
This section compares GZ Port's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $10,194,812,468
- Average return on equity (ROE) among peers: 8.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GZ Port (601228) | CN¥25.50 Billion | 8.06% | 1.17x | $3.50 Billion |
| Shenzhen Yan Tian Port Holdings Co Ltd (000088) | $707.92 Million | 23.70% | 1.10x | $3.51 Billion |
| Zhuhai Port Co Ltd (000507) | $1.99 Billion | 7.80% | 0.78x | $683.70 Million |
| Chang Jiang Shipping Group Phoenix Co Ltd (000520) | $608.26 Million | 13.30% | 0.18x | $561.30 Million |
| Beibuwan Port Co Ltd (000582) | $194.98 Million | 5.41% | 0.85x | $4.71 Billion |
| Xiamen Port Development Co Ltd (000905) | $1.65 Billion | 4.09% | 0.77x | $1.98 Billion |
| Nanjing Shenghang Shipping Co Ltd (001205) | $1.77 Billion | 10.26% | 1.43x | $375.25 Million |
| China Merchants Port Group Co Ltd (001872) | $89.64 Billion | 3.17% | 0.47x | $7.44 Billion |
| Nanjing Port Co Ltd (002040) | $688.95 Million | 3.15% | 0.58x | $588.35 Million |
| Hainan Strait Shipping Co Ltd (002320) | $1.69 Billion | 8.10% | 0.05x | $2.27 Billion |
| Guangdong Great River Smarter Logistics Co Ltd Class A (002930) | $3.00 Billion | 9.89% | 2.16x | $582.42 Million |
About GZ Port
Guangzhou Port Company Limited engages in the water transportation industry in China. The company engages in the operation of hub port and container trunk port; Roll-on/roll-off vehicle, petrochemicals, coal, steel, grain, and automobiles, warehousing, domestic, and international freight forwarding and shipping agency, as well as tugboat services for domestic and international vessels entering an… Read more