Nanjing Tanker Corp (601975) - Net Assets
Based on the latest financial reports, Nanjing Tanker Corp (601975) has net assets worth CN¥11.79 Billion CNY (≈ $1.73 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥13.33 Billion ≈ $1.95 Billion USD) and total liabilities (CN¥1.54 Billion ≈ $225.20 Million 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 Nanjing Tanker Corp (601975) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥11.79 Billion |
| % of Total Assets | 88.46% |
| Annual Growth Rate | 13.18% |
| 5-Year Change | 99.82% |
| 10-Year Change | 280.44% |
| Growth Volatility | 44.86 |
Nanjing Tanker Corp - Net Assets Trend (1994–2025)
This chart illustrates how Nanjing Tanker Corp's net assets have evolved over time, based on quarterly financial data. Also explore Nanjing Tanker Corp total assets for the complete picture of this company's asset base.
Annual Net Assets for Nanjing Tanker Corp (1994–2025)
The table below shows the annual net assets of Nanjing Tanker Corp from 1994 to 2025. For live valuation and market cap data, see market cap of Nanjing Tanker Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥11.79 Billion ≈ $1.73 Billion |
+7.42% |
| 2024-12-31 | CN¥10.98 Billion ≈ $1.61 Billion |
+19.98% |
| 2023-12-31 | CN¥9.15 Billion ≈ $1.34 Billion |
+21.46% |
| 2022-12-31 | CN¥7.53 Billion ≈ $1.10 Billion |
+27.65% |
| 2021-12-31 | CN¥5.90 Billion ≈ $863.56 Million |
+0.92% |
| 2020-12-31 | CN¥5.85 Billion ≈ $855.65 Million |
+22.16% |
| 2019-12-31 | CN¥4.79 Billion ≈ $700.46 Million |
+23.43% |
| 2018-12-31 | CN¥3.88 Billion ≈ $567.49 Million |
+12.30% |
| 2017-12-31 | CN¥3.45 Billion ≈ $505.32 Million |
+11.41% |
| 2016-12-31 | CN¥3.10 Billion ≈ $453.57 Million |
+24.48% |
| 2015-12-31 | CN¥2.49 Billion ≈ $364.38 Million |
+38.75% |
| 2014-12-31 | CN¥1.79 Billion ≈ $262.61 Million |
+189.61% |
| 2013-12-31 | CN¥-2.00 Billion ≈ $-293.04 Million |
-151.90% |
| 2012-12-31 | CN¥3.86 Billion ≈ $564.64 Million |
-23.90% |
| 2011-12-31 | CN¥5.07 Billion ≈ $741.93 Million |
+15.67% |
| 2010-12-31 | CN¥4.38 Billion ≈ $641.43 Million |
+0.31% |
| 2009-12-31 | CN¥4.37 Billion ≈ $639.44 Million |
-3.62% |
| 2008-12-31 | CN¥4.53 Billion ≈ $663.48 Million |
+11.36% |
| 2007-12-31 | CN¥4.07 Billion ≈ $595.77 Million |
+166.07% |
| 2006-12-31 | CN¥1.53 Billion ≈ $223.92 Million |
+7.14% |
| 2005-12-31 | CN¥1.43 Billion ≈ $209.00 Million |
+6.96% |
| 2004-12-31 | CN¥1.34 Billion ≈ $195.40 Million |
+16.78% |
| 2003-12-31 | CN¥1.14 Billion ≈ $167.33 Million |
+36.75% |
| 2002-12-31 | CN¥836.20 Million ≈ $122.36 Million |
+3.15% |
| 2001-12-31 | CN¥810.63 Million ≈ $118.62 Million |
+0.71% |
| 2000-12-31 | CN¥804.95 Million ≈ $117.79 Million |
+5.78% |
| 1999-12-31 | CN¥760.98 Million ≈ $111.35 Million |
+37.73% |
| 1998-12-31 | CN¥552.53 Million ≈ $80.85 Million |
+11.31% |
| 1997-12-31 | CN¥496.40 Million ≈ $72.64 Million |
+82.19% |
| 1996-12-31 | CN¥272.45 Million ≈ $39.87 Million |
+3.40% |
| 1995-12-31 | CN¥263.51 Million ≈ $38.56 Million |
+3.83% |
| 1994-12-31 | CN¥253.78 Million ≈ $37.14 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Nanjing Tanker Corp'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 9141205.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.36 Billion | 37.48% |
| Other Components | CN¥7.28 Billion | 62.52% |
| Total Equity | CN¥11.64 Billion | 100.00% |
Nanjing Tanker Corp Competitors by Market Cap
The table below lists competitors of Nanjing Tanker Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sandstorm Gold Ltd N
TO:SSL
|
$3.42 Billion |
|
SEIKO EPSON CORP.ADR 1/2
F:SE7S
|
$3.43 Billion |
|
Willscot Mobile Mini Holdings Corp A
NASDAQ:WSC
|
$3.43 Billion |
|
Viohalco S.A
BR:VIO
|
$3.43 Billion |
|
VEON Ltd
NASDAQ:VEON
|
$3.42 Billion |
|
Shenzhen Senior Technology Material Co Ltd
SHE:300568
|
$3.42 Billion |
|
Brady Corporation
NYSE:BRC
|
$3.42 Billion |
|
Secure Energy Services Inc.
TO:SES
|
$3.42 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nanjing Tanker Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,824,521,965 to 11,636,848,525, a change of 812,326,560 (7.5%).
- Net income of 1,311,487,190 contributed positively to equity growth.
- Dividend payments of 26,715,914 reduced retained earnings.
- Other comprehensive income decreased equity by 4,192,441,856.
- Other factors increased equity by 3,719,997,140.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.31 Billion | +11.27% |
| Dividends Paid | CN¥26.72 Million | -0.23% |
| Other Comprehensive Income | CN¥-4.19 Billion | -36.03% |
| Other Changes | CN¥3.72 Billion | +31.97% |
| Total Change | CN¥- | 7.50% |
Book Value vs Market Value Analysis
This analysis compares Nanjing Tanker Corp'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: 2.01x
- 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 10.32x to 2.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CN¥0.48 | CN¥5.00 | x |
| 1995-12-31 | CN¥0.50 | CN¥5.00 | x |
| 1996-12-31 | CN¥0.52 | CN¥5.00 | x |
| 1997-12-31 | CN¥0.95 | CN¥5.00 | x |
| 1998-12-31 | CN¥1.05 | CN¥5.00 | x |
| 1999-12-31 | CN¥1.45 | CN¥5.00 | x |
| 2000-12-31 | CN¥1.54 | CN¥5.00 | x |
| 2001-12-31 | CN¥1.55 | CN¥5.00 | x |
| 2002-12-31 | CN¥1.60 | CN¥5.00 | x |
| 2003-12-31 | CN¥2.18 | CN¥5.00 | x |
| 2004-12-31 | CN¥2.53 | CN¥5.00 | x |
| 2005-12-31 | CN¥2.71 | CN¥5.00 | x |
| 2006-12-31 | CN¥2.44 | CN¥5.00 | x |
| 2007-12-31 | CN¥3.44 | CN¥5.00 | x |
| 2008-12-31 | CN¥2.80 | CN¥5.00 | x |
| 2009-12-31 | CN¥3.08 | CN¥5.00 | x |
| 2010-12-31 | CN¥1.49 | CN¥5.00 | x |
| 2011-12-31 | CN¥1.50 | CN¥5.00 | x |
| 2012-12-31 | CN¥0.75 | CN¥5.00 | x |
| 2013-12-31 | CN¥-0.42 | CN¥5.00 | x |
| 2014-12-31 | CN¥0.34 | CN¥5.00 | x |
| 2015-12-31 | CN¥0.48 | CN¥5.00 | x |
| 2016-12-31 | CN¥0.60 | CN¥5.00 | x |
| 2017-12-31 | CN¥0.67 | CN¥5.00 | x |
| 2018-12-31 | CN¥0.75 | CN¥5.00 | x |
| 2019-12-31 | CN¥0.91 | CN¥5.00 | x |
| 2020-12-31 | CN¥1.15 | CN¥5.00 | x |
| 2021-12-31 | CN¥1.17 | CN¥5.00 | x |
| 2022-12-31 | CN¥1.52 | CN¥5.00 | x |
| 2023-12-31 | CN¥1.86 | CN¥5.00 | x |
| 2024-12-31 | CN¥2.25 | CN¥5.00 | x |
| 2025-12-31 | CN¥2.49 | CN¥5.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nanjing Tanker Corp 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): 11.27%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.54%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.15x
- Recent ROE (11.27%) is above the historical average (9.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 17.67% | 44.74% | 0.34x | 1.17x | CN¥19.47 Million |
| 1995 | 12.21% | 24.41% | 0.40x | 1.25x | CN¥5.82 Million |
| 1996 | 11.43% | 21.05% | 0.47x | 1.15x | CN¥3.89 Million |
| 1997 | 12.80% | 29.91% | 0.30x | 1.43x | CN¥13.88 Million |
| 1998 | 10.16% | 18.43% | 0.46x | 1.19x | CN¥877.49K |
| 1999 | 10.11% | 21.54% | 0.41x | 1.13x | CN¥861.04K |
| 2000 | 12.99% | 20.00% | 0.55x | 1.19x | CN¥24.09 Million |
| 2001 | 14.25% | 23.77% | 0.51x | 1.18x | CN¥34.48 Million |
| 2002 | 14.99% | 24.05% | 0.41x | 1.53x | CN¥41.75 Million |
| 2003 | 13.75% | 22.91% | 0.46x | 1.29x | CN¥42.91 Million |
| 2004 | 13.12% | 21.02% | 0.46x | 1.37x | CN¥41.34 Million |
| 2005 | 16.90% | 21.96% | 0.52x | 1.48x | CN¥97.89 Million |
| 2006 | 15.75% | 13.98% | 0.58x | 1.95x | CN¥87.50 Million |
| 2007 | 9.15% | 20.43% | 0.18x | 2.46x | CN¥-34.44 Million |
| 2008 | 13.23% | 18.90% | 0.27x | 2.63x | CN¥145.56 Million |
| 2009 | 0.10% | 0.13% | 0.24x | 3.22x | CN¥-430.47 Million |
| 2010 | 0.20% | 0.21% | 0.25x | 4.02x | CN¥-423.33 Million |
| 2011 | -15.07% | -14.82% | 0.27x | 3.83x | CN¥-1.25 Billion |
| 2012 | -32.89% | -18.69% | 0.34x | 5.23x | CN¥-1.62 Billion |
| 2013 | 0.00% | -81.04% | 0.53x | 0.00x | CN¥-5.71 Billion |
| 2014 | -24.69% | -8.09% | 0.62x | 4.93x | CN¥-591.59 Million |
| 2015 | 26.20% | 11.45% | 0.69x | 3.31x | CN¥388.05 Million |
| 2016 | 18.68% | 9.68% | 0.76x | 2.55x | CN¥260.12 Million |
| 2017 | 12.28% | 11.01% | 0.52x | 2.16x | CN¥76.09 Million |
| 2018 | 9.57% | 10.66% | 0.43x | 2.11x | CN¥-16.27 Million |
| 2019 | 18.78% | 21.72% | 0.51x | 1.70x | CN¥410.09 Million |
| 2020 | 24.29% | 34.49% | 0.46x | 1.52x | CN¥817.90 Million |
| 2021 | 5.14% | 7.68% | 0.44x | 1.52x | CN¥-280.48 Million |
| 2022 | 19.39% | 22.90% | 0.60x | 1.42x | CN¥694.66 Million |
| 2023 | 17.30% | 25.13% | 0.53x | 1.29x | CN¥656.83 Million |
| 2024 | 17.75% | 29.67% | 0.50x | 1.19x | CN¥838.63 Million |
| 2025 | 11.27% | 22.54% | 0.44x | 1.15x | CN¥147.80 Million |
Industry Comparison
This section compares Nanjing Tanker Corp's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $9,461,384,750
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nanjing Tanker Corp (601975) | CN¥11.79 Billion | 17.67% | 0.13x | $3.42 Billion |
| Shaanxi Provincial Natural Gas Co Ltd (002267) | $440.80 Million | 28.20% | 3.39x | $1.30 Billion |
| Zhuhai Winbase International Chemical Tank Terminal Co Ltd (002492) | $893.88 Million | 4.96% | 0.38x | $487.74 Million |
| COSCO Shipping Energy Transportation Co Ltd (600026) | $33.57 Billion | 4.35% | 1.03x | $14.29 Billion |
| Shanxi Guoxin Energy Co Ltd A (600617) | $291.02 Million | 7.15% | 0.63x | $922.35 Million |
| China Merchants Energy Shipping Co Ltd (601872) | $25.75 Billion | 6.26% | 1.13x | $23.03 Billion |
| Anhui Province Natural Gas Development Co Ltd (603689) | $2.27 Billion | 7.78% | 0.39x | $646.59 Million |
| Jiangxi Jovo Energy Co. Ltd (605090) | $8.15 Billion | 16.01% | 0.77x | $4.40 Billion |
| Shanxi Guoxin Energy Co Ltd B (900913) | $4.33 Billion | 0.80% | 5.82x | $31.65 Million |
About Nanjing Tanker Corp
Nanjing Tanker Corporation engages in tanker transportation activities in China and internationally. The company transports offshore crude and refined oil, chemicals, and gas. It also provides crew labor services. The company was formerly known as Nanjing Water Transportation Industry Co., Ltd. The company was founded in 1993 and is based in Nanjing, China.