Cosco Shipping Development Co Ltd (601866) - Net Assets

Latest as of September 2025: CN¥31.09 Billion CNY ≈ $4.55 Billion USD

Based on the latest financial reports, Cosco Shipping Development Co Ltd (601866) has net assets worth CN¥31.09 Billion CNY (≈ $4.55 Billion 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¥131.79 Billion ≈ $19.29 Billion USD) and total liabilities (CN¥100.70 Billion ≈ $14.74 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. Explore 601866 cash generation efficiency to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥31.09 Billion
% of Total Assets	23.59%
Annual Growth Rate	10.34%
5-Year Change	25.59%
10-Year Change	37.63%
Growth Volatility	62.3

Cosco Shipping Development Co Ltd - Net Assets Trend (2003–2024)

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

Annual Net Assets for Cosco Shipping Development Co Ltd (2003–2024)

The table below shows the annual net assets of Cosco Shipping Development Co Ltd from 2003 to 2024. Read how much debt does Cosco Shipping Development Co Ltd carry for a breakdown of total debt and financial obligations.

Year	Net Assets	Change
2024-12-31	CN¥30.61 Billion ≈ $4.48 Billion	+4.51%
2023-12-31	CN¥29.28 Billion ≈ $4.29 Billion	+1.35%
2022-12-31	CN¥28.89 Billion ≈ $4.23 Billion	-11.61%
2021-12-31	CN¥32.69 Billion ≈ $4.78 Billion	+34.14%
2020-12-31	CN¥24.37 Billion ≈ $3.57 Billion	+0.67%
2019-12-31	CN¥24.21 Billion ≈ $3.54 Billion	+34.19%
2018-12-31	CN¥18.04 Billion ≈ $2.64 Billion	+6.91%
2017-12-31	CN¥16.87 Billion ≈ $2.47 Billion	+24.41%
2016-12-31	CN¥13.56 Billion ≈ $1.98 Billion	-39.01%
2015-12-31	CN¥22.24 Billion ≈ $3.25 Billion	-10.61%
2014-12-31	CN¥24.88 Billion ≈ $3.64 Billion	+2.72%
2013-12-31	CN¥24.22 Billion ≈ $3.54 Billion	-11.85%
2012-12-31	CN¥27.47 Billion ≈ $4.02 Billion	+2.13%
2011-12-31	CN¥26.90 Billion ≈ $3.94 Billion	-10.22%
2010-12-31	CN¥29.96 Billion ≈ $4.38 Billion	+15.34%
2009-12-31	CN¥25.98 Billion ≈ $3.80 Billion	-19.95%
2008-12-31	CN¥32.45 Billion ≈ $4.75 Billion	-0.65%
2007-12-31	CN¥32.66 Billion ≈ $4.78 Billion	+101.61%
2006-12-31	CN¥16.20 Billion ≈ $2.37 Billion	-1.52%
2005-12-31	CN¥16.45 Billion ≈ $2.41 Billion	+14.52%
2004-12-31	CN¥14.37 Billion ≈ $2.10 Billion	+270.59%
2003-12-31	CN¥3.88 Billion ≈ $567.26 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Cosco Shipping 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 1450569499062.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥13.36 Billion	44.11%
Common Stock	CN¥13.58 Billion	44.81%
Other Comprehensive Income	CN¥645.89 Million	2.13%
Other Components	CN¥2.71 Billion	8.94%
Total Equity	CN¥30.30 Billion	100.00%

Cosco Shipping Development Co Ltd Competitors by Market Cap

The table below lists competitors of Cosco Shipping Development Co Ltd ranked by their market capitalization.

Company	Market Cap
H&R Block Inc NYSE:HRB	$3.83 Billion
Aris Mining Corporation TO:ARIS	$3.83 Billion
Huaan Securities Co Ltd SHG:600909	$3.83 Billion
Cousins Properties Incorporated NYSE:CUZ	$3.83 Billion
Ninestar Corp SHE:002180	$3.82 Billion
Zhejiang Provincial New Energy Investment Group Co Ltd SHG:600032	$3.82 Billion
Anxin Trust Co Ltd SHG:600816	$3.82 Billion
Cadence Bancorp NYSE:CADE	$3.82 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Cosco Shipping Development Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 29,283,678,247 to 30,295,773,944, a change of 1,012,095,697 (3.5%).
Net income of 1,685,947,000 contributed positively to equity growth.
Dividend payments of 4,964,160,419 reduced retained earnings.
Share repurchases of 212,258,795 reduced equity.
Other comprehensive income increased equity by 705,661,815.
Other factors increased equity by 3,796,906,096.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥1.69 Billion	+5.56%
Dividends Paid	CN¥4.96 Billion	-16.39%
Share Repurchases	CN¥212.26 Million	-0.7%
Other Comprehensive Income	CN¥705.66 Million	+2.33%
Other Changes	CN¥3.80 Billion	+12.53%
Total Change	CN¥-	3.46%

Book Value vs Market Value Analysis

This analysis compares Cosco Shipping 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: 1.20x
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 3.44x to 1.20x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2003-12-31	CN¥0.78	CN¥2.68	x
2004-12-31	CN¥2.91	CN¥2.68	x
2005-12-31	CN¥2.72	CN¥2.68	x
2006-12-31	CN¥1.79	CN¥2.68	x
2007-12-31	CN¥3.49	CN¥2.68	x
2008-12-31	CN¥2.71	CN¥2.68	x
2009-12-31	CN¥2.16	CN¥2.68	x
2010-12-31	CN¥2.50	CN¥2.68	x
2011-12-31	CN¥2.23	CN¥2.68	x
2012-12-31	CN¥2.27	CN¥2.68	x
2013-12-31	CN¥2.03	CN¥2.68	x
2014-12-31	CN¥2.12	CN¥2.68	x
2015-12-31	CN¥1.90	CN¥2.68	x
2016-12-31	CN¥1.13	CN¥2.68	x
2017-12-31	CN¥1.39	CN¥2.68	x
2018-12-31	CN¥1.54	CN¥2.68	x
2019-12-31	CN¥2.09	CN¥2.68	x
2020-12-31	CN¥1.78	CN¥2.68	x
2021-12-31	CN¥2.42	CN¥2.68	x
2022-12-31	CN¥2.14	CN¥2.68	x
2023-12-31	CN¥2.16	CN¥2.68	x
2024-12-31	CN¥2.24	CN¥2.68	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Cosco Shipping 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): 5.56%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.10%
• Asset Turnover: 0.22x
• Equity Multiplier: 4.17x
Recent ROE (5.56%) is below the historical average (6.53%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2003	28.96%	7.30%	0.94x	4.24x	CN¥727.46 Million
2004	28.00%	17.95%	0.91x	1.72x	CN¥2.58 Billion
2005	21.83%	12.63%	1.00x	1.73x	CN¥1.94 Billion
2006	4.14%	2.19%	0.99x	1.90x	CN¥-946.56 Million
2007	9.89%	8.25%	0.81x	1.48x	CN¥-35.46 Million
2008	0.42%	0.39%	0.69x	1.58x	CN¥-3.04 Billion
2009	-25.72%	-32.55%	0.45x	1.76x	CN¥-9.01 Billion
2010	14.40%	12.07%	0.71x	1.68x	CN¥1.28 Billion
2011	-10.54%	-9.70%	0.57x	1.90x	CN¥-5.35 Billion
2012	1.97%	1.56%	0.65x	1.93x	CN¥-2.13 Billion
2013	-11.13%	-7.71%	0.68x	2.14x	CN¥-5.02 Billion
2014	4.28%	2.93%	0.68x	2.16x	CN¥-1.42 Billion
2015	-0.90%	-0.54%	0.64x	2.57x	CN¥-2.42 Billion
2016	2.78%	2.31%	0.13x	9.47x	CN¥-956.41 Million
2017	8.98%	8.95%	0.12x	8.54x	CN¥-165.73 Million
2018	7.68%	8.31%	0.12x	7.64x	CN¥-417.84 Million
2019	7.20%	12.25%	0.10x	5.97x	CN¥-677.65 Million
2020	8.79%	10.59%	0.14x	5.99x	CN¥-296.07 Million
2021	18.63%	16.39%	0.28x	4.06x	CN¥2.82 Billion
2022	13.57%	15.30%	0.20x	4.44x	CN¥1.03 Billion
2023	4.81%	8.98%	0.12x	4.30x	CN¥-1.52 Billion
2024	5.56%	6.10%	0.22x	4.17x	CN¥-1.34 Billion

Industry Comparison

This section compares Cosco Shipping Development Co Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.

Industry Context

Industry: Aerospace & Defense
Average net assets among peers: $2,937,302,399
Average return on equity (ROE) among peers: 5.92%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Cosco Shipping Development Co Ltd (601866)	CN¥31.09 Billion	28.96%	3.24x	$3.82 Billion
Shaanxi Ligeance Mineral Resources Co Ltd (000697)	$326.17 Million	-22.61%	1.26x	$1.29 Billion
Aecc Aero Engine Control Co Ltd (000738)	$4.51 Billion	4.50%	0.43x	$4.03 Billion
AVIC Aircraft Co Ltd (000768)	$219.41 Million	18.14%	1.14x	$9.68 Billion
Sichuan Haite High-tech Co Ltd (002023)	$4.27 Billion	1.66%	0.66x	$1.34 Billion
Aerospace CH UAV Co Ltd (002389)	$8.20 Billion	1.87%	0.30x	$3.09 Billion
Kuang Chi Technologies Co Ltd (002625)	$7.52 Billion	1.07%	0.10x	$12.62 Billion
Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933)	$1.50 Billion	1.26%	0.59x	$541.95 Million
Chengdu Tianjian Technology Co Ltd (002977)	$279.97 Million	35.56%	0.64x	$509.39 Million
Beijing Bei Mo Gao Ke Friction Mate (002985)	$910.30 Million	16.48%	0.19x	$1.91 Billion
Shaanxi Zhongtian Rocket Technology (003009)	$1.63 Billion	1.20%	0.91x	$1.32 Billion

About Cosco Shipping Development Co Ltd

SHG:601866 China Aerospace & Defense

Market Cap

$3.82 Billion

CN¥26.14 Billion CNY

Market Cap Rank

#4261 Global

#739 in China

Share Price

CN¥2.68

Change (1 day)

+0.00%

52-Week Range

CN¥2.24 - CN¥3.25

All Time High

CN¥7.43