Xingtong Shipping Co. Ltd.
Xingtong Shipping Co., Ltd. engages in water transport of bulk liquid dangerous goods. The company transports water transport of liquid chemicals, refined oil and liquefied petroleum gas. It is also involved in domestic and international ship management business; international passenger ships; ship transportation; domestic cargo transportation agency; and ship leasing business. As of December 31,… Read more
Xingtong Shipping Co. Ltd. (603209) - Net Assets
Latest net assets as of June 2025: CN¥3.54 Billion CNY
Based on the latest financial reports, Xingtong Shipping Co. Ltd. (603209) has net assets worth CN¥3.54 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¥5.43 Billion) and total liabilities (CN¥1.89 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¥3.54 Billion |
| % of Total Assets | 65.16% |
| Annual Growth Rate | 62.94% |
| 5-Year Change | 314.35% |
| 10-Year Change | N/A |
| Growth Volatility | 67.44 |
Xingtong Shipping Co. Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how Xingtong Shipping 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 Xingtong Shipping Co. Ltd. (2019–2024)
The table below shows the annual net assets of Xingtong Shipping Co. Ltd. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.78 Billion | +14.20% |
| 2023-12-31 | CN¥2.44 Billion | +19.77% |
| 2022-12-31 | CN¥2.03 Billion | +133.64% |
| 2021-12-31 | CN¥870.58 Million | +29.65% |
| 2020-12-31 | CN¥671.50 Million | +177.48% |
| 2019-12-31 | CN¥242.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Xingtong Shipping 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 95948137948.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥941.20 Million | 36.96% |
| Other Components | CN¥1.61 Billion | 63.04% |
| Total Equity | CN¥2.55 Billion | 100.00% |
Xingtong Shipping Co. Ltd. Competitors by Market Cap
The table below lists competitors of Xingtong Shipping Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vina Technology Co. Ltd.
KQ:126340
|
$314.91 Million |
|
Santana Minerals Ltd
AU:SMI
|
$314.98 Million |
|
Henan Dayou Energy Co Ltd
SHG:600403
|
$315.07 Million |
|
YIFILASER ORD A (SHH) EQSW Exp:
SHG:688646
|
$315.09 Million |
|
Latham Group Inc
NASDAQ:SWIM
|
$314.72 Million |
|
Hangzhou MDK Opto Electronic Corp. Ltd. A
SHG:688079
|
$314.70 Million |
|
Manitou BF S.A.
PA:MTU
|
$314.63 Million |
|
Nanjing Baose Co Ltd
SHE:300402
|
$314.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xingtong Shipping Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,206,785,737 to 2,546,604,098, a change of 339,818,361 (15.4%).
- Net income of 350,416,337 contributed positively to equity growth.
- Dividend payments of 84,313,080 reduced retained earnings.
- Other factors increased equity by 73,715,103.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥350.42 Million | +13.76% |
| Dividends Paid | CN¥84.31 Million | -3.31% |
| Other Changes | CN¥73.72 Million | +2.89% |
| Total Change | CN¥- | 15.40% |
Book Value vs Market Value Analysis
This analysis compares Xingtong Shipping 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: 1.69x
- 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 9.53x to 1.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥1.61 | CN¥15.38 | x |
| 2020-12-31 | CN¥3.20 | CN¥15.38 | x |
| 2021-12-31 | CN¥4.15 | CN¥15.38 | x |
| 2022-12-31 | CN¥7.26 | CN¥15.38 | x |
| 2023-12-31 | CN¥7.88 | CN¥15.38 | x |
| 2024-12-31 | CN¥9.10 | CN¥15.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xingtong Shipping 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): 13.76%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.13%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.71x
- Recent ROE (13.76%) is below the historical average (18.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 35.87% | 29.74% | 0.70x | 1.71x | CN¥62.61 Million |
| 2020 | 18.39% | 31.96% | 0.37x | 1.57x | CN¥56.35 Million |
| 2021 | 22.87% | 35.12% | 0.45x | 1.44x | CN¥112.03 Million |
| 2022 | 10.14% | 26.28% | 0.27x | 1.45x | CN¥2.84 Million |
| 2023 | 11.43% | 20.38% | 0.33x | 1.72x | CN¥31.52 Million |
| 2024 | 13.76% | 23.13% | 0.35x | 1.71x | CN¥95.76 Million |
Industry Comparison
This section compares Xingtong Shipping Co. Ltd.'s net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $2,907,651,009
- Average return on equity (ROE) among peers: 7.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xingtong Shipping Co. Ltd. (603209) | CN¥3.54 Billion | 35.87% | 0.53x | $314.80 Million |
| Shenzhen Yan Tian Port Holdings Co Ltd (000088) | $4.90 Billion | 8.37% | 0.08x | $854.51 Million |
| Zhuhai Port Co Ltd (000507) | $999.45 Million | 2.39% | 0.15x | $480.31 Million |
| Chang Jiang Shipping Group Phoenix Co Ltd (000520) | $459.86 Million | 22.27% | 0.17x | $416.89 Million |
| Beibuwan Port Co Ltd (000582) | $548.41 Million | 6.17% | 0.68x | $1.20 Billion |
| Xiamen Port Development Co Ltd (000905) | $3.61 Billion | 0.70% | 1.37x | $548.17 Million |
| Nanjing Shenghang Shipping Co Ltd (001205) | $1.31 Billion | 9.91% | 0.36x | $262.01 Million |
| Nanjing Port Co Ltd (002040) | $3.54 Billion | 4.12% | 0.34x | $233.10 Million |
| Hainan Strait Shipping Co Ltd (002320) | $6.26 Billion | 6.92% | 0.24x | $782.78 Million |
| Guangdong Great River Smarter Logistics Co Ltd Class A (002930) | $3.00 Billion | 9.89% | 2.16x | $373.29 Million |
| Rizhao Port Co Ltd (600017) | $4.46 Billion | 7.80% | 0.70x | $693.50 Million |