CTS International Logistics Corp Ltd (603128) - Net Assets
Based on the latest financial reports, CTS International Logistics Corp Ltd (603128) has net assets worth CN¥6.44 Billion CNY (≈ $942.17 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥12.50 Billion ≈ $1.83 Billion USD) and total liabilities (CN¥6.06 Billion ≈ $886.62 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. Also explore how large is CTS International Logistics Corp Ltd's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥6.44 Billion |
| % of Total Assets | 51.52% |
| Annual Growth Rate | 14.19% |
| 5-Year Change | 17.73% |
| 10-Year Change | 77.64% |
| Growth Volatility | 38.77 |
CTS International Logistics Corp Ltd - Net Assets Trend (2008–2025)
This chart illustrates how CTS International Logistics Corp Ltd's net assets have evolved over time, based on quarterly financial data. Check tangible net worth ratio of CTS International Logistics Corp Ltd to evaluate the tangible quality of the company's equity base.
Annual Net Assets for CTS International Logistics Corp Ltd (2008–2025)
The table below shows the annual net assets of CTS International Logistics Corp Ltd from 2008 to 2025. For live valuation and market cap data, see CTS International Logistics Corp Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥6.37 Billion ≈ $931.90 Million |
+4.45% |
| 2024-12-31 | CN¥6.10 Billion ≈ $892.17 Million |
+2.12% |
| 2023-12-31 | CN¥5.97 Billion ≈ $873.63 Million |
-0.75% |
| 2022-12-31 | CN¥6.02 Billion ≈ $880.22 Million |
+11.20% |
| 2021-12-31 | CN¥5.41 Billion ≈ $791.53 Million |
+15.32% |
| 2020-12-31 | CN¥4.69 Billion ≈ $686.38 Million |
+12.29% |
| 2019-12-31 | CN¥4.18 Billion ≈ $611.27 Million |
+5.95% |
| 2018-12-31 | CN¥3.94 Billion ≈ $576.97 Million |
+4.12% |
| 2017-12-31 | CN¥3.79 Billion ≈ $554.14 Million |
+5.63% |
| 2016-12-31 | CN¥3.58 Billion ≈ $524.59 Million |
+130.89% |
| 2015-12-31 | CN¥1.55 Billion ≈ $227.20 Million |
+10.44% |
| 2014-12-31 | CN¥1.41 Billion ≈ $205.72 Million |
+8.93% |
| 2013-12-31 | CN¥1.29 Billion ≈ $188.85 Million |
+4.00% |
| 2012-12-31 | CN¥1.24 Billion ≈ $181.59 Million |
+112.62% |
| 2011-12-31 | CN¥583.67 Million ≈ $85.41 Million |
+7.86% |
| 2010-12-31 | CN¥541.12 Million ≈ $79.18 Million |
+11.08% |
| 2009-12-31 | CN¥487.14 Million ≈ $71.28 Million |
-26.98% |
| 2008-12-31 | CN¥667.11 Million ≈ $97.62 Million |
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Equity Component Analysis
This analysis shows how different components contribute to CTS International Logistics 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 1088.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.95 Billion | 47.36% |
| Other Components | CN¥3.28 Billion | 52.64% |
| Total Equity | CN¥6.23 Billion | 100.00% |
CTS International Logistics Corp Ltd Competitors by Market Cap
The table below lists competitors of CTS International Logistics Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Juli Sling Co Ltd
SHE:002342
|
$1.03 Billion |
|
Huafa Industrial Co Ltd Zhuhai
SHG:600325
|
$1.03 Billion |
|
JiangSu Jin Tong Ling Fluid Mach
SHE:300091
|
$1.03 Billion |
|
Piedmont Office Realty Trust Inc
NYSE:PDM
|
$1.03 Billion |
|
Shenzhen MYS Environmental Protection & Technology Co Ltd
SHE:002303
|
$1.03 Billion |
|
Intracom Constructions Societe Anonyme Technical and Steel Constructions
AT:INKAT
|
$1.03 Billion |
|
Sopharma AD
WAR:SPH
|
$1.03 Billion |
|
Shelly Group SE
XETRA:SLYG
|
$1.03 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CTS International Logistics Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,983,631,137 to 6,234,865,456, a change of 251,234,319 (4.2%).
- Net income of 488,352,865 contributed positively to equity growth.
- Dividend payments of 734,668,335 reduced retained earnings.
- Other comprehensive income decreased equity by 316,458,354.
- Other factors increased equity by 814,008,143.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥488.35 Million | +7.83% |
| Dividends Paid | CN¥734.67 Million | -11.78% |
| Other Comprehensive Income | CN¥-316.46 Million | -5.08% |
| Other Changes | CN¥814.01 Million | +13.06% |
| Total Change | CN¥- | 4.20% |
Book Value vs Market Value Analysis
This analysis compares CTS International Logistics 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: 1.13x
- 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 6.76x to 1.13x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.79 | CN¥5.36 | x |
| 2009-12-31 | CN¥0.57 | CN¥5.36 | x |
| 2010-12-31 | CN¥0.67 | CN¥5.36 | x |
| 2011-12-31 | CN¥0.74 | CN¥5.36 | x |
| 2012-12-31 | CN¥1.33 | CN¥5.36 | x |
| 2013-12-31 | CN¥1.22 | CN¥5.36 | x |
| 2014-12-31 | CN¥1.28 | CN¥5.36 | x |
| 2015-12-31 | CN¥1.47 | CN¥5.36 | x |
| 2016-12-31 | CN¥3.03 | CN¥5.36 | x |
| 2017-12-31 | CN¥2.90 | CN¥5.36 | x |
| 2018-12-31 | CN¥2.98 | CN¥5.36 | x |
| 2019-12-31 | CN¥3.16 | CN¥5.36 | x |
| 2020-12-31 | CN¥3.54 | CN¥5.36 | x |
| 2021-12-31 | CN¥3.95 | CN¥5.36 | x |
| 2022-12-31 | CN¥4.45 | CN¥5.36 | x |
| 2023-12-31 | CN¥4.46 | CN¥5.36 | x |
| 2024-12-31 | CN¥4.55 | CN¥5.36 | x |
| 2025-12-31 | CN¥4.76 | CN¥5.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CTS International Logistics 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): 7.83%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.72%
- • Asset Turnover: 1.47x
- • Equity Multiplier: 1.97x
- Recent ROE (7.83%) is below the historical average (10.87%), 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 | 14.55% | 1.81% | 4.14x | 1.94x | CN¥28.16 Million |
| 2009 | 12.15% | 1.19% | 3.25x | 3.15x | CN¥9.38 Million |
| 2010 | 19.65% | 1.45% | 4.23x | 3.20x | CN¥49.84 Million |
| 2011 | 17.71% | 1.49% | 3.50x | 3.40x | CN¥44.98 Million |
| 2012 | 6.14% | 1.02% | 2.73x | 2.21x | CN¥-47.91 Million |
| 2013 | 6.30% | 0.95% | 2.93x | 2.26x | CN¥-47.74 Million |
| 2014 | 8.41% | 1.46% | 2.56x | 2.25x | CN¥-21.93 Million |
| 2015 | 9.45% | 1.79% | 2.60x | 2.02x | CN¥-8.32 Million |
| 2016 | 6.34% | 3.06% | 1.43x | 1.45x | CN¥-129.21 Million |
| 2017 | 7.43% | 3.20% | 1.59x | 1.46x | CN¥-96.23 Million |
| 2018 | 8.27% | 3.42% | 1.72x | 1.40x | CN¥-67.77 Million |
| 2019 | 8.54% | 3.43% | 1.60x | 1.56x | CN¥-60.24 Million |
| 2020 | 11.57% | 3.76% | 1.88x | 1.64x | CN¥71.91 Million |
| 2021 | 16.47% | 3.42% | 2.34x | 2.05x | CN¥331.77 Million |
| 2022 | 15.29% | 4.03% | 2.26x | 1.68x | CN¥307.28 Million |
| 2023 | 10.53% | 4.22% | 1.51x | 1.65x | CN¥31.20 Million |
| 2024 | 9.01% | 3.07% | 1.62x | 1.81x | CN¥-59.53 Million |
| 2025 | 7.83% | 2.72% | 1.47x | 1.97x | CN¥-135.13 Million |
Industry Comparison
This section compares CTS International Logistics Corp Ltd's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $5,686,386,206
- Average return on equity (ROE) among peers: 11.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CTS International Logistics Corp Ltd (603128) | CN¥6.44 Billion | 14.55% | 0.94x | $1.03 Billion |
| Citic Offshore Helicopter Co Ltd (000099) | $2.46 Billion | 7.82% | 0.56x | $1.64 Billion |
| Guangdong Jushen Logistics Co Ltd (001202) | $738.66 Million | 8.42% | 0.74x | $301.00 Million |
| YUNDA Holding Co Ltd (002120) | $5.25 Billion | 30.25% | 0.79x | $2.94 Billion |
| S.F. Holding Co. Ltd (002352) | $32.73 Billion | 14.59% | 0.76x | $24.57 Billion |
| STO Express Co Ltd (002468) | $8.21 Billion | 3.51% | 1.48x | $3.16 Billion |
| Hubeiyichang Transportation Group Co Ltd (002627) | $3.28 Billion | 3.22% | 0.47x | $682.85 Million |
| Shenzhen Prolto Supply Chain Management Co Ltd (002769) | $1.45 Billion | 4.67% | 3.21x | $363.82 Million |
| Xinjiang Tianshun Supply Chain Co Ltd (002800) | $575.26 Million | 0.61% | 0.93x | $279.38 Million |
| Shenzhen Easttop Supply Chain Management Co Ltd (002889) | $2.13 Billion | 7.27% | 1.02x | $669.81 Million |
| Jiangsu Xinning Modern Logist (300013) | $45.40 Million | 37.14% | 0.28x | $284.34 Million |
About CTS International Logistics Corp Ltd
CTS International Logistics Corporation Limited, a freight forwarding company, provides logistics solutions internationally. It offers international air, sea, and rail freight forwarding business, project logistics, railway transport, third-party warehousing logistics, cross-border e-commerce logistics, aviation supplies logistics, and customs declaration and inspection services. The company was … Read more