Hengtong Logistic Co Ltd
Hengtong Logistics Co., Ltd. engages in the logistics business in China. It is involved in road freight logistics, transportation, LNG energy trade logistics, and terminal leasing activities. The company also offers general cargo transportation, transportation vehicles, transportation fleet services, and hazardous chemicals transportation. In addition, it provides oil and gas and bulk commodity t… Read more
Hengtong Logistic Co Ltd (603223) - Net Assets
Latest net assets as of September 2025: CN¥4.00 Billion CNY
Based on the latest financial reports, Hengtong Logistic Co Ltd (603223) has net assets worth CN¥4.00 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¥5.40 Billion) and total liabilities (CN¥1.40 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¥4.00 Billion |
| % of Total Assets | 74.05% |
| Annual Growth Rate | 31.55% |
| 5-Year Change | 212.0% |
| 10-Year Change | 520.61% |
| Growth Volatility | 49.97 |
Hengtong Logistic Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Hengtong Logistic 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 Hengtong Logistic Co Ltd (2009–2024)
The table below shows the annual net assets of Hengtong Logistic Co Ltd from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.85 Billion | +0.68% |
| 2023-12-31 | CN¥3.83 Billion | +2.49% |
| 2022-12-31 | CN¥3.74 Billion | +191.33% |
| 2021-12-31 | CN¥1.28 Billion | +3.79% |
| 2020-12-31 | CN¥1.24 Billion | +12.63% |
| 2019-12-31 | CN¥1.10 Billion | -1.64% |
| 2018-12-31 | CN¥1.12 Billion | +48.41% |
| 2017-12-31 | CN¥751.33 Million | +10.15% |
| 2016-12-31 | CN¥682.07 Million | +9.83% |
| 2015-12-31 | CN¥621.02 Million | +73.77% |
| 2014-12-31 | CN¥357.38 Million | +16.81% |
| 2013-12-31 | CN¥305.95 Million | +22.16% |
| 2012-12-31 | CN¥250.44 Million | +21.12% |
| 2011-12-31 | CN¥206.78 Million | +71.67% |
| 2010-12-31 | CN¥120.45 Million | +91.23% |
| 2009-12-31 | CN¥62.99 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hengtong Logistic 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 1436.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥678.70 Million | 17.89% |
| Common Stock | CN¥714.19 Million | 18.83% |
| Other Comprehensive Income | CN¥70.04 Million | 1.85% |
| Other Components | CN¥2.33 Billion | 61.43% |
| Total Equity | CN¥3.79 Billion | 100.00% |
Hengtong Logistic Co Ltd Competitors by Market Cap
The table below lists competitors of Hengtong Logistic Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shandong Link Science and Technology Co Ltd
SHE:001207
|
$341.43 Million |
|
Costain Group PLC
OTCGREY:CTNGY
|
$341.44 Million |
|
Hangzhou Huaxing Chuangye Communication Technology Co Ltd
SHE:300025
|
$341.52 Million |
|
Surge Energy Inc.
PINK:ZPTAF
|
$341.56 Million |
|
Inox Wind Energy Limited
NSE:IWEL
|
$341.31 Million |
|
Trilogy Metals Inc
NYSE MKT:TMQ
|
$341.29 Million |
|
Palm Landscape Architecture Co Ltd
SHE:002431
|
$341.22 Million |
|
Xiamen Comfort Science&Technology Group Co Ltd
SHE:002614
|
$341.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hengtong Logistic Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,765,412,842 to 3,792,873,637, a change of 27,460,795 (0.7%).
- Net income of 155,068,172 contributed positively to equity growth.
- Dividend payments of 79,803,703 reduced retained earnings.
- Share repurchases of 66,873,396 reduced equity.
- Other comprehensive income increased equity by 70,036,375.
- Other factors decreased equity by 50,966,653.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥155.07 Million | +4.09% |
| Dividends Paid | CN¥79.80 Million | -2.1% |
| Share Repurchases | CN¥66.87 Million | -1.76% |
| Other Comprehensive Income | CN¥70.04 Million | +1.85% |
| Other Changes | CN¥-50.97 Million | -1.34% |
| Total Change | CN¥- | 0.73% |
Book Value vs Market Value Analysis
This analysis compares Hengtong Logistic 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: 1.72x
- 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 26.04x to 1.72x 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¥0.36 | CN¥9.26 | x |
| 2010-12-31 | CN¥0.68 | CN¥9.26 | x |
| 2011-12-31 | CN¥0.60 | CN¥9.26 | x |
| 2012-12-31 | CN¥0.72 | CN¥9.26 | x |
| 2013-12-31 | CN¥0.88 | CN¥9.26 | x |
| 2014-12-31 | CN¥0.94 | CN¥9.26 | x |
| 2015-12-31 | CN¥1.46 | CN¥9.26 | x |
| 2016-12-31 | CN¥1.36 | CN¥9.26 | x |
| 2017-12-31 | CN¥1.49 | CN¥9.26 | x |
| 2018-12-31 | CN¥2.03 | CN¥9.26 | x |
| 2019-12-31 | CN¥1.86 | CN¥9.26 | x |
| 2020-12-31 | CN¥2.08 | CN¥9.26 | x |
| 2021-12-31 | CN¥2.18 | CN¥9.26 | x |
| 2022-12-31 | CN¥5.82 | CN¥9.26 | x |
| 2023-12-31 | CN¥5.13 | CN¥9.26 | x |
| 2024-12-31 | CN¥5.38 | CN¥9.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hengtong Logistic 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): 4.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.74%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.45x
- Recent ROE (4.09%) is below the historical average (13.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 36.55% | 6.64% | 2.30x | 2.39x | CN¥16.72 Million |
| 2010 | 35.19% | 7.34% | 2.31x | 2.08x | CN¥30.34 Million |
| 2011 | 24.47% | 6.05% | 1.74x | 2.33x | CN¥29.93 Million |
| 2012 | 22.08% | 5.63% | 1.63x | 2.41x | CN¥30.25 Million |
| 2013 | 17.74% | 4.31% | 1.85x | 2.22x | CN¥23.63 Million |
| 2014 | 14.88% | 4.03% | 1.73x | 2.14x | CN¥16.05 Million |
| 2015 | 7.48% | 2.16% | 2.38x | 1.46x | CN¥-14.73 Million |
| 2016 | 9.18% | 2.69% | 2.42x | 1.41x | CN¥-5.21 Million |
| 2017 | 9.02% | 1.51% | 3.24x | 1.84x | CN¥-6.73 Million |
| 2018 | 4.53% | 0.78% | 3.61x | 1.61x | CN¥-56.93 Million |
| 2019 | 1.36% | 0.20% | 4.37x | 1.56x | CN¥-88.99 Million |
| 2020 | 10.57% | 2.18% | 3.16x | 1.54x | CN¥6.52 Million |
| 2021 | 8.21% | 1.40% | 4.07x | 1.44x | CN¥-21.58 Million |
| 2022 | 2.82% | 1.97% | 1.16x | 1.24x | CN¥-263.61 Million |
| 2023 | 3.12% | 3.13% | 0.74x | 1.35x | CN¥-259.05 Million |
| 2024 | 4.09% | 7.74% | 0.36x | 1.45x | CN¥-224.22 Million |
Industry Comparison
This section compares Hengtong Logistic Co Ltd's net assets metrics with peer companies in the Trucking industry.
Industry Context
- Industry: Trucking
- Average net assets among peers: $2,989,787,387
- Average return on equity (ROE) among peers: 21.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hengtong Logistic Co Ltd (603223) | CN¥4.00 Billion | 36.55% | 0.35x | $341.37 Million |
| Shanghai Jin Jiang International Industrial Investment Co Ltd A (600650) | $3.79 Billion | 5.85% | 0.31x | $655.58 Million |
| Shanghai Qiangsheng Holding Co Ltd (600662) | $3.12 Billion | 5.86% | 0.96x | $483.34 Million |
| Deppon Logistics Co Ltd (603056) | $100.87 Million | 75.80% | 3.80x | $418.96 Million |
| Beijing Changjiu Logistics Ltd (603569) | $533.35 Million | 22.63% | 1.44x | $215.27 Million |
| GuangDong GenSho Logistics Co (603813) | $322.94 Million | 12.68% | 0.48x | $152.27 Million |
| Dazhong Transportation Group Co Ltd B (900903) | $10.08 Billion | 3.22% | 0.83x | $329.88 Million |