GZ Port (601228) - Net Assets

Latest as of March 2026: CN¥25.50 Billion CNY ≈ $3.73 Billion USD

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. Check 601228 tangible net worth ratio to evaluate the tangible quality of the company's equity 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. See how many days can GZ Port fund operations to measure how many days the company can operate on defensive assets alone.

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 601228 market cap.

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	--

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
CRISIL Limited NSE:CRISIL	$3.27 Billion
TELIX Pharmaceuticals Ltd AU:TLX	$3.27 Billion
AllianceBernstein Holding L.P. NYSE:AB	$3.27 Billion
Shenzhen Yan Tian Port Holdings Co Ltd SHE:000088	$3.27 Billion
CJ Corp KO:001040	$3.27 Billion
Zhejiang Taotao Vehicles Co. Ltd. A SHE:301345	$3.26 Billion
Tel Aviv Stock Exchange TA:TASE	$3.26 Billion
ELF Beauty Inc NYSE:ELF	$3.26 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: 1.05x
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 2.98x to 1.05x 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¥2.96	x
2011-12-31	CN¥1.15	CN¥2.96	x
2012-12-31	CN¥1.38	CN¥2.96	x
2013-12-31	CN¥1.52	CN¥2.96	x
2014-12-31	CN¥1.67	CN¥2.96	x
2015-12-31	CN¥1.69	CN¥2.96	x
2016-12-31	CN¥1.79	CN¥2.96	x
2017-12-31	CN¥2.08	CN¥2.96	x
2018-12-31	CN¥2.10	CN¥2.96	x
2019-12-31	CN¥2.13	CN¥2.96	x
2020-12-31	CN¥2.23	CN¥2.96	x
2021-12-31	CN¥2.37	CN¥2.96	x
2022-12-31	CN¥2.58	CN¥2.96	x
2023-12-31	CN¥2.61	CN¥2.96	x
2024-12-31	CN¥2.77	CN¥2.96	x
2025-12-31	CN¥2.82	CN¥2.96	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: $8,135,770,814
Average return on equity (ROE) among peers: 8.53%

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	$3.27 Billion
Shenzhen Yan Tian Port Holdings Co Ltd (000088)	$4.48 Billion	10.28%	0.09x	$3.27 Billion
Zhuhai Port Co Ltd (000507)	$1.99 Billion	7.80%	0.78x	$639.28 Million
Chang Jiang Shipping Group Phoenix Co Ltd (000520)	$608.26 Million	13.30%	0.18x	$650.16 Million
Beibuwan Port Co Ltd (000582)	$3.27 Billion	16.83%	1.60x	$4.23 Billion
Xiamen Port Development Co Ltd (000905)	$1.02 Billion	3.73%	1.77x	$1.93 Billion
Nanjing Shenghang Shipping Co Ltd (001205)	$1.77 Billion	10.26%	1.43x	$388.45 Million
China Merchants Port Group Co Ltd (001872)	$61.42 Billion	1.03%	0.67x	$6.55 Billion
Nanjing Port Co Ltd (002040)	$3.01 Billion	3.53%	0.56x	$596.21 Million
Hainan Strait Shipping Co Ltd (002320)	$1.89 Billion	10.92%	0.02x	$2.21 Billion
Guangdong Great River Smarter Logistics Co Ltd Class A (002930)	$1.90 Billion	7.66%	0.88x	$623.26 Million

About GZ Port

SHG:601228 China Marine Shipping

Market Cap

$3.27 Billion

CN¥22.33 Billion CNY

Market Cap Rank

#4771 Global

#862 in China

Share Price

CN¥2.96

Change (1 day)

-1.00%

52-Week Range

CN¥2.96 - CN¥3.75

All Time High

CN¥330.00