China Shipbuilding Industry Co Ltd
China Shipbuilding Industry Company Limited develops, designs, and manufactures ships in China. The company offers marine defense, development, and transportation equipment; deep-sea equipment; ship repair and modification, ship supporting mechanical, and electrical equipment; marine scientific research equipment; ship ballast water management system; and marine low-speed machine high-pressure SC… Read more
China Shipbuilding Industry Co Ltd (601989) - Net Assets
Latest net assets as of June 2025: CN¥86.21 Billion CNY
Based on the latest financial reports, China Shipbuilding Industry Co Ltd (601989) has net assets worth CN¥86.21 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥221.46 Billion) and total liabilities (CN¥135.25 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¥86.21 Billion |
| % of Total Assets | 38.93% |
| Annual Growth Rate | 19.31% |
| 5-Year Change | -2.13% |
| 10-Year Change | 44.36% |
| Growth Volatility | 76.13 |
China Shipbuilding Industry Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how China Shipbuilding Industry Co 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 Shipbuilding Industry Co Ltd (2008–2024)
The table below shows the annual net assets of China Shipbuilding Industry Co Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥84.32 Billion | -0.47% |
| 2023-12-31 | CN¥84.72 Billion | +0.76% |
| 2022-12-31 | CN¥84.08 Billion | -2.34% |
| 2021-12-31 | CN¥86.10 Billion | -0.06% |
| 2020-12-31 | CN¥86.15 Billion | -0.22% |
| 2019-12-31 | CN¥86.34 Billion | +2.54% |
| 2018-12-31 | CN¥84.21 Billion | +1.01% |
| 2017-12-31 | CN¥83.36 Billion | +44.71% |
| 2016-12-31 | CN¥57.61 Billion | -1.38% |
| 2015-12-31 | CN¥58.41 Billion | -6.40% |
| 2014-12-31 | CN¥62.40 Billion | +23.82% |
| 2013-12-31 | CN¥50.40 Billion | +13.39% |
| 2012-12-31 | CN¥44.45 Billion | +8.53% |
| 2011-12-31 | CN¥40.95 Billion | +77.36% |
| 2010-12-31 | CN¥23.09 Billion | +11.57% |
| 2009-12-31 | CN¥20.70 Billion | +313.94% |
| 2008-12-31 | CN¥5.00 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Shipbuilding Industry 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 1182.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥12.47 Billion | 14.88% |
| Other Components | CN¥71.31 Billion | 85.12% |
| Total Equity | CN¥83.77 Billion | 100.00% |
China Shipbuilding Industry Co Ltd Competitors by Market Cap
The table below lists competitors of China Shipbuilding Industry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arrow Electronics Inc
NYSE:ARW
|
$6.72 Billion |
|
Federal Home Loan Mortgage Corp Pref Variable Non Cumulative
OTCQB:FMCCN
|
$6.72 Billion |
|
Absa Group Limited
PINK:AGRPF
|
$6.72 Billion |
|
Novatek Microelectronics Corp
TW:3034
|
$6.72 Billion |
|
Zurn Elkay Water Solutions Corporation
NYSE:ZWS
|
$6.71 Billion |
|
Praxis Precision Medicines Inc
NASDAQ:PRAX
|
$6.71 Billion |
|
SM Investments Corporation
PINK:SVTMF
|
$6.70 Billion |
|
Han'S Laser Tech A
SHE:002008
|
$6.70 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Shipbuilding Industry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 84,161,218,213 to 83,772,184,967, a change of -389,033,246 (-0.5%).
- Net income of 1,310,679,041 contributed positively to equity growth.
- Dividend payments of 812,408,634 reduced retained earnings.
- Other factors decreased equity by 887,303,652.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.31 Billion | +1.56% |
| Dividends Paid | CN¥812.41 Million | -0.97% |
| Other Changes | CN¥-887.30 Million | -1.06% |
| Total Change | CN¥- | -0.46% |
Book Value vs Market Value Analysis
This analysis compares China Shipbuilding Industry 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: 1.39x
- 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 1.53x to 1.39x 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¥3.34 | CN¥5.10 | x |
| 2018-12-31 | CN¥3.69 | CN¥5.10 | x |
| 2019-12-31 | CN¥3.76 | CN¥5.10 | x |
| 2020-12-31 | CN¥3.74 | CN¥5.10 | x |
| 2021-12-31 | CN¥3.74 | CN¥5.10 | x |
| 2022-12-31 | CN¥3.66 | CN¥5.10 | x |
| 2023-12-31 | CN¥3.69 | CN¥5.10 | x |
| 2024-12-31 | CN¥3.67 | CN¥5.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Shipbuilding Industry 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): 1.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.36%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 2.65x
- Recent ROE (1.56%) is below the historical average (4.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 24.94% | 7.60% | 0.62x | 5.26x | CN¥731.44 Million |
| 2009 | 7.24% | 8.03% | 0.44x | 2.03x | CN¥-567.45 Million |
| 2010 | 7.00% | 7.81% | 0.47x | 1.93x | CN¥-684.05 Million |
| 2011 | 11.97% | 8.11% | 0.36x | 4.07x | CN¥773.91 Million |
| 2012 | 8.56% | 6.11% | 0.33x | 4.29x | CN¥-603.92 Million |
| 2013 | 6.14% | 5.73% | 0.30x | 3.62x | CN¥-1.85 Billion |
| 2014 | 3.78% | 3.81% | 0.29x | 3.43x | CN¥-3.75 Billion |
| 2016 | 1.23% | 1.34% | 0.28x | 3.26x | CN¥-4.96 Billion |
| 2017 | 1.31% | 2.16% | 0.20x | 3.07x | CN¥-5.54 Billion |
| 2018 | 0.80% | 1.51% | 0.24x | 2.21x | CN¥-7.77 Billion |
| 2019 | 0.58% | 1.32% | 0.21x | 2.13x | CN¥-8.07 Billion |
| 2020 | -0.56% | -1.38% | 0.20x | 2.02x | CN¥-9.00 Billion |
| 2021 | 0.26% | 0.56% | 0.22x | 2.11x | CN¥-8.31 Billion |
| 2022 | -2.71% | -5.12% | 0.23x | 2.26x | CN¥-10.61 Billion |
| 2023 | -0.93% | -1.68% | 0.24x | 2.36x | CN¥-9.20 Billion |
| 2024 | 1.56% | 2.36% | 0.25x | 2.65x | CN¥-7.07 Billion |
Industry Comparison
This section compares China Shipbuilding Industry Co Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $1,905,739,972
- Average return on equity (ROE) among peers: 11.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Shipbuilding Industry Co Ltd (601989) | CN¥86.21 Billion | 24.94% | 1.57x | $6.72 Billion |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $102.23 Million | 20.95% | 1.61x | $576.57 Million |
| Aecc Aero Engine Control Co Ltd (000738) | $5.67 Billion | 4.58% | 0.28x | $1.93 Billion |
| Zhejiang XiaSha Precision (001316) | $476.25 Million | 27.15% | 0.22x | $218.15 Million |
| Sichuan Haite High-tech Co Ltd (002023) | $175.19 Million | 19.07% | 0.67x | $850.82 Million |
| Aerospace CH UAV Co Ltd (002389) | $6.37 Billion | 3.80% | 0.25x | $1.81 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $602.65 Million | 10.94% | 0.23x | $8.62 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $1.43 Billion | -4.03% | 0.22x | $429.19 Million |
| Beijing Bei Mo Gao Ke Friction Mate (002985) | $910.30 Million | 16.48% | 0.19x | $833.21 Million |
| Shaanxi Zhongtian Rocket Technology (003009) | $421.86 Million | 7.68% | 1.25x | $416.06 Million |
| Bestway Marine & Energy Technology Co Ltd (300008) | $2.90 Billion | 5.59% | 0.31x | $1.63 Billion |