China International Travel Service Corp Ltd
China Tourism Group Duty Free Corporation Limited engages in duty-free tourism retail business in China. The company engages in the wholesale and retail of duty-free commodities, such as tobacco, alcohol, perfume, fine goods, clothing, and electronic products. It is also involved in the investment and development of commercial complexes for duty-free businesses. The company was formerly known as … Read more
China International Travel Service Corp Ltd (601888) - Net Assets
Latest net assets as of September 2025: CN¥61.65 Billion CNY
Based on the latest financial reports, China International Travel Service Corp Ltd (601888) has net assets worth CN¥61.65 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥75.50 Billion) and total liabilities (CN¥13.84 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥61.65 Billion |
| % of Total Assets | 81.66% |
| Annual Growth Rate | 30.17% |
| 5-Year Change | 132.82% |
| 10-Year Change | 412.5% |
| Growth Volatility | 55.76 |
China International Travel Service Corp Ltd - Net Assets Trend (2006–2024)
This chart illustrates how China International Travel Service Corp Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for China International Travel Service Corp Ltd (2006–2024)
The table below shows the annual net assets of China International Travel Service Corp Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥60.95 Billion | +2.99% |
| 2023-12-31 | CN¥59.18 Billion | +9.34% |
| 2022-12-31 | CN¥54.13 Billion | +55.58% |
| 2021-12-31 | CN¥34.79 Billion | +32.90% |
| 2020-12-31 | CN¥26.18 Billion | +17.34% |
| 2019-12-31 | CN¥22.31 Billion | +20.05% |
| 2018-12-31 | CN¥18.58 Billion | +23.80% |
| 2017-12-31 | CN¥15.01 Billion | +12.36% |
| 2016-12-31 | CN¥13.36 Billion | +12.34% |
| 2015-12-31 | CN¥11.89 Billion | +10.19% |
| 2014-12-31 | CN¥10.79 Billion | +11.19% |
| 2013-12-31 | CN¥9.71 Billion | +56.71% |
| 2012-12-31 | CN¥6.19 Billion | +20.26% |
| 2011-12-31 | CN¥5.15 Billion | +14.15% |
| 2010-12-31 | CN¥4.51 Billion | +12.27% |
| 2009-12-31 | CN¥4.02 Billion | +255.30% |
| 2008-12-31 | CN¥1.13 Billion | +63.98% |
| 2007-12-31 | CN¥689.77 Million | +30.33% |
| 2006-12-31 | CN¥529.24 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to China International Travel Service Corp 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 3336058900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥33.36 Billion | 60.55% |
| Common Stock | CN¥2.07 Billion | 3.75% |
| Other Components | CN¥19.67 Billion | 35.70% |
| Total Equity | CN¥55.10 Billion | 100.00% |
China International Travel Service Corp Ltd Competitors by Market Cap
The table below lists competitors of China International Travel Service Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zebra Technologies Corporation
NASDAQ:ZBRA
|
$10.28 Billion |
|
Hua Nan Financial Holdings Co Ltd
TW:2880
|
$10.28 Billion |
|
AB SKF (publ)
PINK:SKUFF
|
$10.28 Billion |
|
ARC Resources Ltd.
PINK:AETUF
|
$10.30 Billion |
|
BT Group plc
PINK:BTGOF
|
$10.27 Billion |
|
Winbond Electronics Corp
TW:2344
|
$10.24 Billion |
|
Full Truck Alliance Co. Ltd.
F:892
|
$10.24 Billion |
|
Texas Pacific Land Trust
NYSE:TPL
|
$10.23 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China International Travel Service Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 53,833,949,495 to 55,096,706,000, a change of 1,262,756,505 (2.3%).
- Net income of 4,267,112,000 contributed positively to equity growth.
- Dividend payments of 3,497,509,341 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥4.27 Billion | +7.74% |
| Dividends Paid | CN¥3.50 Billion | -6.35% |
| Other Changes | CN¥493.15 Million | +0.9% |
| Total Change | CN¥- | 2.35% |
Book Value vs Market Value Analysis
This analysis compares China International Travel Service Corp 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: 2.75x
- 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 252.10x to 2.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.29 | CN¥73.29 | x |
| 2007-12-31 | CN¥0.39 | CN¥73.29 | x |
| 2008-12-31 | CN¥0.69 | CN¥73.29 | x |
| 2009-12-31 | CN¥2.61 | CN¥73.29 | x |
| 2010-12-31 | CN¥2.35 | CN¥73.29 | x |
| 2011-12-31 | CN¥2.66 | CN¥73.29 | x |
| 2012-12-31 | CN¥3.18 | CN¥73.29 | x |
| 2013-12-31 | CN¥4.93 | CN¥73.29 | x |
| 2014-12-31 | CN¥5.17 | CN¥73.29 | x |
| 2015-12-31 | CN¥5.73 | CN¥73.29 | x |
| 2016-12-31 | CN¥6.45 | CN¥73.29 | x |
| 2017-12-31 | CN¥7.19 | CN¥73.29 | x |
| 2018-12-31 | CN¥8.32 | CN¥73.29 | x |
| 2019-12-31 | CN¥10.19 | CN¥73.29 | x |
| 2020-12-31 | CN¥11.43 | CN¥73.29 | x |
| 2021-12-31 | CN¥15.17 | CN¥73.29 | x |
| 2022-12-31 | CN¥24.41 | CN¥73.29 | x |
| 2023-12-31 | CN¥26.02 | CN¥73.29 | x |
| 2024-12-31 | CN¥26.63 | CN¥73.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China International Travel Service Corp 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): 7.74%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.56%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.38x
- Recent ROE (7.74%) is below the historical average (19.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 37.48% | 2.92% | 2.19x | 5.85x | CN¥103.96 Million |
| 2007 | 43.04% | 3.64% | 2.10x | 5.62x | CN¥166.92 Million |
| 2008 | 24.76% | 3.80% | 1.93x | 3.38x | CN¥131.89 Million |
| 2009 | 8.44% | 5.16% | 1.10x | 1.48x | CN¥-57.77 Million |
| 2010 | 9.98% | 4.26% | 1.48x | 1.58x | CN¥-819.91K |
| 2011 | 14.63% | 5.40% | 1.65x | 1.64x | CN¥216.91 Million |
| 2012 | 17.96% | 6.23% | 1.81x | 1.59x | CN¥445.59 Million |
| 2013 | 14.28% | 7.42% | 1.35x | 1.43x | CN¥388.08 Million |
| 2014 | 14.56% | 7.38% | 1.36x | 1.46x | CN¥460.51 Million |
| 2015 | 13.47% | 7.07% | 1.35x | 1.41x | CN¥387.78 Million |
| 2016 | 14.35% | 8.08% | 1.30x | 1.37x | CN¥548.25 Million |
| 2017 | 18.03% | 8.95% | 1.35x | 1.49x | CN¥1.13 Billion |
| 2018 | 19.06% | 6.58% | 1.75x | 1.65x | CN¥1.47 Billion |
| 2019 | 23.29% | 9.53% | 1.58x | 1.54x | CN¥2.64 Billion |
| 2020 | 27.52% | 11.67% | 1.25x | 1.88x | CN¥3.91 Billion |
| 2021 | 32.59% | 14.26% | 1.22x | 1.87x | CN¥6.69 Billion |
| 2022 | 10.36% | 9.24% | 0.72x | 1.56x | CN¥173.04 Million |
| 2023 | 12.47% | 9.94% | 0.86x | 1.47x | CN¥1.33 Billion |
| 2024 | 7.74% | 7.56% | 0.74x | 1.38x | CN¥-1.24 Billion |
Industry Comparison
This section compares China International Travel Service Corp Ltd's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $9,217,385,418
- Average return on equity (ROE) among peers: 1.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China International Travel Service Corp Ltd (601888) | CN¥61.65 Billion | 37.48% | 0.22x | $10.27 Billion |
| Suning Commerce Group Co Ltd (002024) | $69.92 Billion | 1.01% | 0.96x | $649.12 Million |
| Haining China Leather Market Co Ltd (002344) | $7.19 Billion | 7.65% | 0.83x | $367.17 Million |
| Zhejiang Aishida Electric Co Ltd (002403) | $1.64 Billion | -23.02% | 1.86x | $199.80 Million |
| Shenzhen Aisidi Co Ltd (002416) | $5.55 Billion | 6.83% | 1.25x | $1.15 Billion |
| Beijing Sanfo Outdoor Products Co Ltd (002780) | $707.02 Million | 5.17% | 0.56x | $252.26 Million |
| Doctorglasses Chain Co Ltd (300622) | $217.01 Million | 15.15% | 0.20x | $467.95 Million |
| BYBON Group Co Ltd Class A (300736) | $271.02 Million | -34.30% | 0.28x | $229.54 Million |
| Kidswant Children Products Co.Ltd. (301078) | $1.70 Billion | 22.21% | 1.56x | $963.40 Million |
| Hangzhou Tianyuan Pet Products Co. Ltd. A (301335) | $1.86 Billion | 2.47% | 0.44x | $166.94 Million |
| Ziel Home Furnishing Technology Co. Ltd. A (301376) | $3.12 Billion | 13.23% | 0.79x | $193.38 Million |