Changbai Mountain Tourism Co Ltd
Changbai Mountain Tourism Co., Ltd. operates in the tourism industry in China. The company engages in the tourist passenger transportation, hot spring development, hotel management, travel agency management, scenic spot management, transportation operation, hotel management, vacation services, business management and operation, product planning and marketing, and other activities. Changbai Mounta… Read more
Changbai Mountain Tourism Co Ltd (603099) - Net Assets
Latest net assets as of September 2025: CN¥1.30 Billion CNY
Based on the latest financial reports, Changbai Mountain Tourism Co Ltd (603099) has net assets worth CN¥1.30 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¥1.69 Billion) and total liabilities (CN¥383.98 Million). 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¥1.30 Billion |
| % of Total Assets | 77.23% |
| Annual Growth Rate | 11.36% |
| 5-Year Change | 14.26% |
| 10-Year Change | 35.14% |
| Growth Volatility | 19.81 |
Changbai Mountain Tourism Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Changbai Mountain Tourism 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 Changbai Mountain Tourism Co Ltd (2009–2024)
The table below shows the annual net assets of Changbai Mountain Tourism Co Ltd from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.16 Billion | +11.83% |
| 2023-12-31 | CN¥1.04 Billion | +14.67% |
| 2022-12-31 | CN¥906.20 Million | -6.15% |
| 2021-12-31 | CN¥965.63 Million | -5.05% |
| 2020-12-31 | CN¥1.02 Billion | -6.01% |
| 2019-12-31 | CN¥1.08 Billion | +7.02% |
| 2018-12-31 | CN¥1.01 Billion | +6.40% |
| 2017-12-31 | CN¥950.25 Million | +5.44% |
| 2016-12-31 | CN¥901.19 Million | +4.80% |
| 2015-12-31 | CN¥859.89 Million | +9.32% |
| 2014-12-31 | CN¥786.57 Million | +79.59% |
| 2013-12-31 | CN¥437.97 Million | +14.24% |
| 2012-12-31 | CN¥383.38 Million | +24.90% |
| 2011-12-31 | CN¥306.95 Million | +11.80% |
| 2010-12-31 | CN¥274.55 Million | +18.66% |
| 2009-12-31 | CN¥231.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Changbai Mountain Tourism 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 250.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥515.50 Million | 44.36% |
| Common Stock | CN¥266.67 Million | 22.95% |
| Other Comprehensive Income | CN¥94.30 Million | 8.12% |
| Other Components | CN¥285.56 Million | 24.57% |
| Total Equity | CN¥1.16 Billion | 100.00% |
Changbai Mountain Tourism Co Ltd Competitors by Market Cap
The table below lists competitors of Changbai Mountain Tourism Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gulf Keystone Petroleum Ltd
PINK:GUKYF
|
$481.40 Million |
|
Fujian Apex Software Co Ltd
SHG:603383
|
$481.43 Million |
|
Holy Stone Enterprise Co Ltd
TW:3026
|
$481.78 Million |
|
Obsidian Energy Ltd
NYSE MKT:OBE
|
$481.90 Million |
|
Hangzhou DPtech Technologies Co Ltd
SHE:300768
|
$481.22 Million |
|
Jess-Link Products Co Ltd
TW:6197
|
$481.17 Million |
|
momo.com Inc
TW:8454
|
$480.94 Million |
|
Wowprime Corp
TW:2727
|
$480.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Changbai Mountain Tourism Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,039,143,682 to 1,162,029,741, a change of 122,886,059 (11.8%).
- Net income of 144,252,976 contributed positively to equity growth.
- Dividend payments of 23,623,970 reduced retained earnings.
- Other comprehensive income increased equity by 10,188,831.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥144.25 Million | +12.41% |
| Dividends Paid | CN¥23.62 Million | -2.03% |
| Other Comprehensive Income | CN¥10.19 Million | +0.88% |
| Other Changes | CN¥-7.93 Million | -0.68% |
| Total Change | CN¥- | 11.83% |
Book Value vs Market Value Analysis
This analysis compares Changbai Mountain Tourism 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: 8.79x
- 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 33.46x to 8.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥1.14 | CN¥38.24 | x |
| 2010-12-31 | CN¥1.36 | CN¥38.24 | x |
| 2011-12-31 | CN¥1.51 | CN¥38.24 | x |
| 2012-12-31 | CN¥1.92 | CN¥38.24 | x |
| 2013-12-31 | CN¥2.18 | CN¥38.24 | x |
| 2014-12-31 | CN¥3.55 | CN¥38.24 | x |
| 2015-12-31 | CN¥3.25 | CN¥38.24 | x |
| 2016-12-31 | CN¥3.42 | CN¥38.24 | x |
| 2017-12-31 | CN¥3.62 | CN¥38.24 | x |
| 2018-12-31 | CN¥3.74 | CN¥38.24 | x |
| 2019-12-31 | CN¥4.06 | CN¥38.24 | x |
| 2020-12-31 | CN¥3.81 | CN¥38.24 | x |
| 2021-12-31 | CN¥3.62 | CN¥38.24 | x |
| 2022-12-31 | CN¥3.40 | CN¥38.24 | x |
| 2023-12-31 | CN¥3.91 | CN¥38.24 | x |
| 2024-12-31 | CN¥4.35 | CN¥38.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Changbai Mountain Tourism 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): 12.41%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.41%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.24x
- Recent ROE (12.41%) is above the historical average (9.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 24.04% | 41.00% | 0.55x | 1.06x | CN¥32.50 Million |
| 2010 | 9.59% | 22.73% | 0.40x | 1.07x | CN¥-1.14 Million |
| 2011 | 21.17% | 30.22% | 0.57x | 1.23x | CN¥34.28 Million |
| 2012 | 19.27% | 29.56% | 0.58x | 1.13x | CN¥35.56 Million |
| 2013 | 14.21% | 26.70% | 0.49x | 1.09x | CN¥18.46 Million |
| 2014 | 10.13% | 27.21% | 0.35x | 1.06x | CN¥1.04 Million |
| 2015 | 11.69% | 31.57% | 0.35x | 1.05x | CN¥14.57 Million |
| 2016 | 7.89% | 23.17% | 0.28x | 1.24x | CN¥-19.01 Million |
| 2017 | 7.45% | 18.22% | 0.35x | 1.18x | CN¥-24.23 Million |
| 2018 | 6.69% | 14.57% | 0.37x | 1.25x | CN¥-33.48 Million |
| 2019 | 6.96% | 16.11% | 0.36x | 1.22x | CN¥-32.94 Million |
| 2020 | -5.49% | -37.80% | 0.12x | 1.19x | CN¥-157.49 Million |
| 2021 | -5.35% | -26.81% | 0.17x | 1.15x | CN¥-148.18 Million |
| 2022 | -6.33% | -29.48% | 0.18x | 1.18x | CN¥-148.01 Million |
| 2023 | 13.29% | 22.25% | 0.50x | 1.19x | CN¥34.15 Million |
| 2024 | 12.41% | 19.41% | 0.51x | 1.24x | CN¥28.05 Million |
Industry Comparison
This section compares Changbai Mountain Tourism Co Ltd's net assets metrics with peer companies in the Travel Services industry.
Industry Context
- Industry: Travel Services
- Average net assets among peers: $911,931,544
- Average return on equity (ROE) among peers: 3.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Changbai Mountain Tourism Co Ltd (603099) | CN¥1.30 Billion | 24.04% | 0.29x | $481.31 Million |
| Guangzhou Dongfang Hotel Co Ltd (000524) | $510.65 Million | -17.81% | 0.54x | $369.38 Million |
| Hna-Caissa Travel Group Co Ltd (000796) | $559.01 Million | 2.92% | 1.14x | $644.39 Million |
| Emei Shan Tourism Co Ltd (000888) | $393.21 Million | 6.56% | 0.14x | $592.96 Million |
| Wuhan Sante Cableway Group Co Ltd (002159) | $1.15 Billion | -3.25% | 0.82x | $240.66 Million |
| Beijing Utour International Travel Service Co Ltd (002707) | $1.96 Billion | 10.95% | 1.04x | $609.85 Million |
| Western Regions Tourism Development (300859) | $371.84 Million | 13.71% | 0.34x | $496.65 Million |
| XiAn Qujiang Cultural Tourism Co Ltd (600706) | $835.96 Million | 5.73% | 1.07x | $221.83 Million |
| Anhui Jiuhuashan Tourism Dvlp (603199) | $1.51 Billion | 12.28% | 0.23x | $329.78 Million |