China Merchants Energy Shipping Co Ltd (601872) - Net Assets
Based on the latest financial reports, China Merchants Energy Shipping Co Ltd (601872) has net assets worth CN¥41.20 Billion CNY (≈ $6.03 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥77.88 Billion ≈ $11.40 Billion USD) and total liabilities (CN¥36.68 Billion ≈ $5.37 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 China Merchants Energy Shipping Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥41.20 Billion |
| % of Total Assets | 52.9% |
| Annual Growth Rate | 13.08% |
| 5-Year Change | 57.09% |
| 10-Year Change | 123.72% |
| Growth Volatility | 21.66 |
China Merchants Energy Shipping Co Ltd - Net Assets Trend (2004–2024)
This chart illustrates how China Merchants Energy Shipping Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore China Merchants Energy Shipping Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for China Merchants Energy Shipping Co Ltd (2004–2024)
The table below shows the annual net assets of China Merchants Energy Shipping Co Ltd from 2004 to 2024. For live valuation and market cap data, see market cap of China Merchants Energy Shipping Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥40.85 Billion ≈ $5.98 Billion |
+9.40% |
| 2023-12-31 | CN¥37.34 Billion ≈ $5.46 Billion |
+11.46% |
| 2022-12-31 | CN¥33.50 Billion ≈ $4.90 Billion |
+24.61% |
| 2021-12-31 | CN¥26.88 Billion ≈ $3.93 Billion |
+3.38% |
| 2020-12-31 | CN¥26.00 Billion ≈ $3.81 Billion |
+0.99% |
| 2019-12-31 | CN¥25.75 Billion ≈ $3.77 Billion |
+26.67% |
| 2018-12-31 | CN¥20.33 Billion ≈ $2.97 Billion |
+5.50% |
| 2017-12-31 | CN¥19.27 Billion ≈ $2.82 Billion |
-8.13% |
| 2016-12-31 | CN¥20.97 Billion ≈ $3.07 Billion |
+14.86% |
| 2015-12-31 | CN¥18.26 Billion ≈ $2.67 Billion |
+35.06% |
| 2014-12-31 | CN¥13.52 Billion ≈ $1.98 Billion |
+35.52% |
| 2013-12-31 | CN¥9.98 Billion ≈ $1.46 Billion |
-19.47% |
| 2012-12-31 | CN¥12.39 Billion ≈ $1.81 Billion |
+30.90% |
| 2011-12-31 | CN¥9.46 Billion ≈ $1.38 Billion |
-3.86% |
| 2010-12-31 | CN¥9.84 Billion ≈ $1.44 Billion |
+2.35% |
| 2009-12-31 | CN¥9.62 Billion ≈ $1.41 Billion |
+0.39% |
| 2008-12-31 | CN¥9.58 Billion ≈ $1.40 Billion |
+8.02% |
| 2007-12-31 | CN¥8.87 Billion ≈ $1.30 Billion |
-0.08% |
| 2006-12-31 | CN¥8.88 Billion ≈ $1.30 Billion |
+79.76% |
| 2005-12-31 | CN¥4.94 Billion ≈ $722.61 Million |
+41.25% |
| 2004-12-31 | CN¥3.50 Billion ≈ $511.57 Million |
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Equity Component Analysis
This analysis shows how different components contribute to China Merchants Energy Shipping 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 1731077193253.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥17.31 Billion | 43.23% |
| Other Components | CN¥22.73 Billion | 56.77% |
| Total Equity | CN¥40.04 Billion | 100.00% |
China Merchants Energy Shipping Co Ltd Competitors by Market Cap
The table below lists competitors of China Merchants Energy Shipping Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
STERIS plc
NYSE:STE
|
$20.82 Billion |
|
CIMB Group Holdings Bhd
KLSE:1023
|
$20.84 Billion |
|
Mirae Asset Daewoo Securities Co Ltd
KO:006800
|
$20.86 Billion |
|
Aspeed Technology
TWO:5274
|
$20.90 Billion |
|
Lundin Mining Corporation
TO:LUN
|
$20.78 Billion |
|
Fubon Financial Holding Co Ltd Pref
TW:2881A
|
$20.76 Billion |
|
Yangtze Optical Fibre and Cable Joint Stock Ltd Co
SHG:601869
|
$20.73 Billion |
|
Banco Bradesco S.A
F:BREC
|
$20.73 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Merchants Energy Shipping Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 36,891,113,704 to 40,043,682,654, a change of 3,152,568,951 (8.5%).
- Net income of 5,107,447,941 contributed positively to equity growth.
- Dividend payments of 3,938,691,216 reduced retained earnings.
- Other factors increased equity by 1,983,812,226.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥5.11 Billion | +12.75% |
| Dividends Paid | CN¥3.94 Billion | -9.84% |
| Other Changes | CN¥1.98 Billion | +4.95% |
| Total Change | CN¥- | 8.55% |
Book Value vs Market Value Analysis
This analysis compares China Merchants Energy Shipping 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: 3.58x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 30.65x to 3.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥0.57 | CN¥17.60 | x |
| 2018-12-31 | CN¥3.34 | CN¥17.60 | x |
| 2019-12-31 | CN¥4.17 | CN¥17.60 | x |
| 2020-12-31 | CN¥3.79 | CN¥17.60 | x |
| 2021-12-31 | CN¥3.26 | CN¥17.60 | x |
| 2022-12-31 | CN¥4.07 | CN¥17.60 | x |
| 2023-12-31 | CN¥4.53 | CN¥17.60 | x |
| 2024-12-31 | CN¥4.92 | CN¥17.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Merchants Energy Shipping 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): 12.75%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.80%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.76x
- Recent ROE (12.75%) is above the historical average (10.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 35.19% | 0.00% | 0.00x | 2.02x | CN¥863.48 Million |
| 2005 | 28.74% | 50.73% | 0.32x | 1.76x | CN¥876.69 Million |
| 2006 | 9.70% | 34.66% | 0.20x | 1.42x | CN¥-25.88 Million |
| 2008 | 13.08% | 38.41% | 0.22x | 1.52x | CN¥290.16 Million |
| 2009 | 3.63% | 18.41% | 0.13x | 1.55x | CN¥-602.56 Million |
| 2010 | 6.31% | 23.71% | 0.16x | 1.66x | CN¥-360.09 Million |
| 2011 | 1.73% | 5.82% | 0.17x | 1.76x | CN¥-775.61 Million |
| 2012 | 0.74% | 3.17% | 0.15x | 1.60x | CN¥-1.14 Billion |
| 2014 | 1.98% | 7.70% | 0.09x | 2.79x | CN¥-808.76 Million |
| 2015 | 8.42% | 18.74% | 0.20x | 2.28x | CN¥-216.08 Million |
| 2016 | 10.83% | 28.71% | 0.16x | 2.42x | CN¥133.05 Million |
| 2017 | 4.04% | 10.08% | 0.16x | 2.48x | CN¥-907.21 Million |
| 2018 | 5.76% | 10.68% | 0.22x | 2.47x | CN¥-859.22 Million |
| 2019 | 6.37% | 11.08% | 0.27x | 2.17x | CN¥-919.00 Million |
| 2020 | 10.87% | 15.37% | 0.31x | 2.29x | CN¥221.23 Million |
| 2021 | 13.67% | 14.78% | 0.41x | 2.28x | CN¥968.76 Million |
| 2022 | 15.39% | 17.12% | 0.45x | 1.98x | CN¥1.78 Billion |
| 2023 | 13.11% | 18.69% | 0.41x | 1.69x | CN¥1.15 Billion |
| 2024 | 12.75% | 19.80% | 0.37x | 1.76x | CN¥1.10 Billion |
Industry Comparison
This section compares China Merchants Energy Shipping Co Ltd's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $6,385,720,609
- Average return on equity (ROE) among peers: 10.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Merchants Energy Shipping Co Ltd (601872) | CN¥41.20 Billion | 35.19% | 0.89x | $20.80 Billion |
| Shaanxi Provincial Natural Gas Co Ltd (002267) | $440.80 Million | 28.20% | 3.39x | $1.29 Billion |
| Zhuhai Winbase International Chemical Tank Terminal Co Ltd (002492) | $893.88 Million | 4.96% | 0.38x | $476.48 Million |
| COSCO Shipping Energy Transportation Co Ltd (600026) | $33.57 Billion | 4.35% | 1.03x | $13.17 Billion |
| Shanxi Guoxin Energy Co Ltd A (600617) | $291.02 Million | 7.15% | 0.63x | $932.75 Million |
| Nanjing Tanker Corp (601975) | $1.14 Billion | 13.75% | 0.29x | $3.07 Billion |
| Anhui Province Natural Gas Development Co Ltd (603689) | $2.27 Billion | 7.78% | 0.39x | $648.89 Million |
| Jiangxi Jovo Energy Co. Ltd (605090) | $8.15 Billion | 16.01% | 0.77x | $4.64 Billion |
| Shanxi Guoxin Energy Co Ltd B (900913) | $4.33 Billion | 0.80% | 5.82x | $32.57 Million |
About China Merchants Energy Shipping Co Ltd
China Merchants Energy Shipping Co., Ltd. provides a range of energy transportation services in China. The company offers its services through various vessels, including tanker shipping, dry bulk carriers, Ro-Ro ships, containers, and liquefied natural gas carriers. It also provides digital intelligence, crew management, and global services. China Merchants Energy Shipping Co., Ltd. was founded i… Read more