Jiangsu Wanlin Modern Logistic (603117) - Net Assets
Based on the latest financial reports, Jiangsu Wanlin Modern Logistic (603117) has net assets worth CN¥1.03 Billion CNY (≈ $150.74 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.35 Billion ≈ $197.17 Million USD) and total liabilities (CN¥317.29 Million ≈ $46.43 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 Jiangsu Wanlin Modern Logistic liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.03 Billion |
| % of Total Assets | 76.45% |
| Annual Growth Rate | 3.56% |
| 5-Year Change | -59.6% |
| 10-Year Change | -25.3% |
| Growth Volatility | 24.33 |
Jiangsu Wanlin Modern Logistic - Net Assets Trend (2011–2024)
This chart illustrates how Jiangsu Wanlin Modern Logistic's net assets have evolved over time, based on quarterly financial data. Also explore 603117 total assets for the complete picture of this company's asset base.
Annual Net Assets for Jiangsu Wanlin Modern Logistic (2011–2024)
The table below shows the annual net assets of Jiangsu Wanlin Modern Logistic from 2011 to 2024. For live valuation and market cap data, see Jiangsu Wanlin Modern Logistic stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.02 Billion ≈ $148.64 Million |
-12.06% |
| 2023-12-31 | CN¥1.16 Billion ≈ $169.02 Million |
-17.19% |
| 2022-12-31 | CN¥1.39 Billion ≈ $204.10 Million |
-34.25% |
| 2021-12-31 | CN¥2.12 Billion ≈ $310.42 Million |
-15.63% |
| 2020-12-31 | CN¥2.51 Billion ≈ $367.93 Million |
+1.08% |
| 2019-12-31 | CN¥2.49 Billion ≈ $364.01 Million |
+1.33% |
| 2018-12-31 | CN¥2.45 Billion ≈ $359.23 Million |
-0.07% |
| 2017-12-31 | CN¥2.46 Billion ≈ $359.47 Million |
+10.60% |
| 2016-12-31 | CN¥2.22 Billion ≈ $325.03 Million |
+63.35% |
| 2015-12-31 | CN¥1.36 Billion ≈ $198.97 Million |
+39.34% |
| 2014-12-31 | CN¥975.84 Million ≈ $142.80 Million |
+12.85% |
| 2013-12-31 | CN¥864.72 Million ≈ $126.54 Million |
+16.07% |
| 2012-12-31 | CN¥745.03 Million ≈ $109.02 Million |
+15.66% |
| 2011-12-31 | CN¥644.16 Million ≈ $94.26 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Wanlin Modern Logistic'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 decreased by 444.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥599.20 Million | 59.00% |
| Other Comprehensive Income | CN¥57.34 Million | 5.65% |
| Other Components | CN¥810.31 Million | 79.79% |
| Total Equity | CN¥1.02 Billion | 100.00% |
Jiangsu Wanlin Modern Logistic Competitors by Market Cap
The table below lists competitors of Jiangsu Wanlin Modern Logistic ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Priority Technology Holdings Inc
NASDAQ:PRTH
|
$410.60 Million |
|
Guangdong Anjubao Digital Tech
SHE:300155
|
$410.63 Million |
|
Stylam Industries Limited
NSE:STYLAMIND
|
$410.82 Million |
|
Fastned B.V.
AS:FAST
|
$410.84 Million |
|
Strata Critical Medical, Inc.
NASDAQ:SRTA
|
$410.33 Million |
|
Ozak Gayrimenkul Yatirim Ortakligi AS
IS:OZKGY
|
$410.27 Million |
|
Spritzer Bhd
KLSE:7103
|
$410.25 Million |
|
Bank7 Corp
NASDAQ:BSVN
|
$410.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Wanlin Modern Logistic's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,154,826,046 to 1,015,524,419, a change of -139,301,627 (-12.1%).
- Net income of 13,652,566 contributed positively to equity growth.
- Dividend payments of 4,325,112 reduced retained earnings.
- Share repurchases of 150,105,635 reduced equity.
- Other comprehensive income increased equity by 55,388,505.
- Other factors decreased equity by 53,911,951.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥13.65 Million | +1.34% |
| Dividends Paid | CN¥4.33 Million | -0.43% |
| Share Repurchases | CN¥150.11 Million | -14.78% |
| Other Comprehensive Income | CN¥55.39 Million | +5.45% |
| Other Changes | CN¥-53.91 Million | -5.31% |
| Total Change | CN¥- | -12.06% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Wanlin Modern Logistic'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: 3.15x
- 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 3.46x to 3.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥1.35 | CN¥4.68 | x |
| 2012-12-31 | CN¥1.52 | CN¥4.68 | x |
| 2013-12-31 | CN¥1.75 | CN¥4.68 | x |
| 2014-12-31 | CN¥2.01 | CN¥4.68 | x |
| 2015-12-31 | CN¥2.51 | CN¥4.68 | x |
| 2016-12-31 | CN¥3.76 | CN¥4.68 | x |
| 2017-12-31 | CN¥5.23 | CN¥4.68 | x |
| 2018-12-31 | CN¥4.11 | CN¥4.68 | x |
| 2019-12-31 | CN¥3.51 | CN¥4.68 | x |
| 2020-12-31 | CN¥3.81 | CN¥4.68 | x |
| 2021-12-31 | CN¥3.12 | CN¥4.68 | x |
| 2022-12-31 | CN¥2.17 | CN¥4.68 | x |
| 2023-12-31 | CN¥1.83 | CN¥4.68 | x |
| 2024-12-31 | CN¥1.49 | CN¥4.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Wanlin Modern Logistic 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): 1.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.64%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.36x
- Recent ROE (1.34%) is above the historical average (-1.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 8.97% | 23.23% | 0.10x | 4.06x | CN¥-6.62 Million |
| 2012 | 13.61% | 27.67% | 0.14x | 3.48x | CN¥26.88 Million |
| 2013 | 13.87% | 34.18% | 0.10x | 4.26x | CN¥33.49 Million |
| 2014 | 11.38% | 25.47% | 0.12x | 3.83x | CN¥13.51 Million |
| 2015 | 5.41% | 19.38% | 0.11x | 2.54x | CN¥-62.38 Million |
| 2016 | 3.61% | 20.05% | 0.09x | 1.92x | CN¥-141.89 Million |
| 2017 | 4.57% | 15.43% | 0.13x | 2.28x | CN¥-123.68 Million |
| 2018 | 4.38% | 10.44% | 0.15x | 2.80x | CN¥-126.22 Million |
| 2019 | 3.25% | 7.80% | 0.15x | 2.73x | CN¥-152.42 Million |
| 2020 | 2.10% | 6.65% | 0.13x | 2.44x | CN¥-180.44 Million |
| 2021 | -18.39% | -62.70% | 0.15x | 1.96x | CN¥-561.38 Million |
| 2022 | -52.39% | -161.69% | 0.19x | 1.73x | CN¥-858.78 Million |
| 2023 | -19.72% | -58.65% | 0.25x | 1.36x | CN¥-343.22 Million |
| 2024 | 1.34% | 4.64% | 0.21x | 1.36x | CN¥-87.90 Million |
Industry Comparison
This section compares Jiangsu Wanlin Modern Logistic's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $5,088,200,485
- Average return on equity (ROE) among peers: 17.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Wanlin Modern Logistic (603117) | CN¥1.03 Billion | 8.97% | 0.31x | $410.35 Million |
| Shenzhen Yan Tian Port Holdings Co Ltd (000088) | $6.07 Billion | 7.17% | 0.30x | $3.45 Billion |
| Zhuhai Port Co Ltd (000507) | $848.27 Million | -14.50% | 0.19x | $698.50 Million |
| Chang Jiang Shipping Group Phoenix Co Ltd (000520) | $377.90 Million | 16.20% | 0.67x | $584.99 Million |
| Beibuwan Port Co Ltd (000582) | $416.30 Million | 132.04% | 2.60x | $4.08 Billion |
| Xiamen Port Development Co Ltd (000905) | $1.65 Billion | 4.09% | 0.77x | $2.46 Billion |
| Nanjing Shenghang Shipping Co Ltd (001205) | $626.22 Million | 9.64% | 0.53x | $415.96 Million |
| China Merchants Port Group Co Ltd (001872) | $35.62 Billion | 9.09% | 0.47x | $7.46 Billion |
| Nanjing Port Co Ltd (002040) | $659.56 Million | 3.10% | 0.60x | $710.45 Million |
| Hainan Strait Shipping Co Ltd (002320) | $1.91 Billion | 4.48% | 0.01x | $2.78 Billion |
| Guangdong Great River Smarter Logistics Co Ltd Class A (002930) | $2.70 Billion | 8.30% | 2.39x | $869.62 Million |
About Jiangsu Wanlin Modern Logistic
Jiangsu Wanlin Modern Logistics Co., Ltd. provides wood logistics and wood import agency services in China and internationally. The company provides wood agency procurement logistics services; and shipping agency, customs clearance, inspection declaration, agency charter booking, insurance, freight forwarding services, etc., as well as port loading and unloading stockpiling logistics services; an… Read more