Shanghai Ace Invest&Dvlp Co (603329) - Net Assets
Based on the latest financial reports, Shanghai Ace Invest&Dvlp Co (603329) has net assets worth CN¥1.19 Billion CNY (≈ $173.47 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.27 Billion ≈ $478.02 Million USD) and total liabilities (CN¥2.08 Billion ≈ $304.55 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 603329 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.19 Billion |
| % of Total Assets | 36.29% |
| Annual Growth Rate | 12.81% |
| 5-Year Change | 62.74% |
| 10-Year Change | 205.17% |
| Growth Volatility | 26.13 |
Shanghai Ace Invest&Dvlp Co - Net Assets Trend (2014–2024)
This chart illustrates how Shanghai Ace Invest&Dvlp Co's net assets have evolved over time, based on quarterly financial data. Also explore 603329 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Shanghai Ace Invest&Dvlp Co (2014–2024)
The table below shows the annual net assets of Shanghai Ace Invest&Dvlp Co from 2014 to 2024. For live valuation and market cap data, see Shanghai Ace Invest&Dvlp Co (603329) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.28 Billion ≈ $188.03 Million |
+0.75% |
| 2023-12-31 | CN¥1.28 Billion ≈ $186.63 Million |
-1.46% |
| 2022-12-31 | CN¥1.29 Billion ≈ $189.39 Million |
+10.21% |
| 2021-12-31 | CN¥1.17 Billion ≈ $171.84 Million |
+48.72% |
| 2020-12-31 | CN¥789.60 Million ≈ $115.54 Million |
+14.32% |
| 2019-12-31 | CN¥690.67 Million ≈ $101.07 Million |
-13.16% |
| 2018-12-31 | CN¥795.31 Million ≈ $116.38 Million |
+0.32% |
| 2017-12-31 | CN¥792.81 Million ≈ $116.01 Million |
+78.73% |
| 2016-12-31 | CN¥443.58 Million ≈ $64.91 Million |
+5.35% |
| 2015-12-31 | CN¥421.06 Million ≈ $61.61 Million |
+9.36% |
| 2014-12-31 | CN¥385.03 Million ≈ $56.34 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanghai Ace Invest&Dvlp Co'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 54.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥322.83 Million | 28.85% |
| Other Components | CN¥796.09 Million | 71.15% |
| Total Equity | CN¥1.12 Billion | 100.00% |
Shanghai Ace Invest&Dvlp Co Competitors by Market Cap
The table below lists competitors of Shanghai Ace Invest&Dvlp Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ShaMaran Petroleum Corp
V:SNM
|
$416.42 Million |
|
Linzhou Heavy Machinery Group Co Ltd
SHE:002535
|
$416.46 Million |
|
AMAROQ MINERALS LTD
F:72Q
|
$416.52 Million |
|
Nantex Industry Co Ltd
TW:2108
|
$416.55 Million |
|
Beijing Telesound Electronics Co Ltd
SHE:003004
|
$416.39 Million |
|
Guangdong Anjubao Digital Tech
SHE:300155
|
$416.38 Million |
|
Valhi Inc
NYSE:VHI
|
$416.33 Million |
|
Guang Dong Sitong Group Co Ltd
SHG:603838
|
$416.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Ace Invest&Dvlp Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,097,532,964 to 1,118,917,695, a change of 21,384,731 (1.9%).
- Net income of 42,467,104 contributed positively to equity growth.
- Dividend payments of 51,981,242 reduced retained earnings.
- Other factors increased equity by 30,898,869.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥42.47 Million | +3.8% |
| Dividends Paid | CN¥51.98 Million | -4.65% |
| Other Changes | CN¥30.90 Million | +2.76% |
| Total Change | CN¥- | 1.95% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Ace Invest&Dvlp Co'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: 2.10x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥5.50 | CN¥11.38 | x |
| 2018-12-31 | CN¥5.55 | CN¥11.38 | x |
| 2019-12-31 | CN¥4.54 | CN¥11.38 | x |
| 2020-12-31 | CN¥5.03 | CN¥11.38 | x |
| 2021-12-31 | CN¥6.49 | CN¥11.38 | x |
| 2022-12-31 | CN¥7.14 | CN¥11.38 | x |
| 2023-12-31 | CN¥5.32 | CN¥11.38 | x |
| 2024-12-31 | CN¥5.42 | CN¥11.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Ace Invest&Dvlp Co 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): 3.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.84%
- • Asset Turnover: 1.68x
- • Equity Multiplier: 2.68x
- Recent ROE (3.80%) is below the historical average (6.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 17.11% | 4.89% | 2.03x | 1.72x | CN¥26.94 Million |
| 2017 | 10.71% | 4.58% | 1.48x | 1.58x | CN¥5.17 Million |
| 2018 | 6.14% | 2.57% | 1.28x | 1.86x | CN¥-28.28 Million |
| 2019 | -16.48% | -5.63% | 1.60x | 1.83x | CN¥-158.76 Million |
| 2020 | 9.67% | 3.71% | 1.29x | 2.03x | CN¥-2.17 Million |
| 2021 | 13.31% | 5.29% | 1.26x | 2.00x | CN¥34.09 Million |
| 2022 | 13.13% | 4.82% | 1.44x | 1.89x | CN¥35.41 Million |
| 2023 | 0.89% | 0.39% | 1.10x | 2.09x | CN¥-99.98 Million |
| 2024 | 3.80% | 0.84% | 1.68x | 2.68x | CN¥-69.42 Million |
Industry Comparison
This section compares Shanghai Ace Invest&Dvlp Co's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $4,594,741,988
- Average return on equity (ROE) among peers: 10.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Ace Invest&Dvlp Co (603329) | CN¥1.19 Billion | 17.11% | 1.76x | $416.40 Million |
| Shenzhen Yan Tian Port Holdings Co Ltd (000088) | $8.18 Billion | 4.39% | 0.35x | $3.45 Billion |
| Zhuhai Port Co Ltd (000507) | $2.80 Billion | 2.81% | 0.96x | $707.92 Million |
| Chang Jiang Shipping Group Phoenix Co Ltd (000520) | $459.86 Million | 22.27% | 0.17x | $589.44 Million |
| Beibuwan Port Co Ltd (000582) | $248.79 Million | 10.54% | 1.28x | $4.28 Billion |
| Xiamen Port Development Co Ltd (000905) | $1.64 Billion | 7.15% | 0.78x | $2.49 Billion |
| Nanjing Shenghang Shipping Co Ltd (001205) | $1.31 Billion | 9.91% | 0.36x | $418.44 Million |
| China Merchants Port Group Co Ltd (001872) | $28.48 Billion | 12.45% | 0.60x | $7.60 Billion |
| Nanjing Port Co Ltd (002040) | $688.95 Million | 3.15% | 0.58x | $717.59 Million |
| Hainan Strait Shipping Co Ltd (002320) | $238.94 Million | 24.74% | 0.48x | $2.79 Billion |
| Guangdong Great River Smarter Logistics Co Ltd Class A (002930) | $1.90 Billion | 7.66% | 0.88x | $887.02 Million |
About Shanghai Ace Invest&Dvlp Co
Shanghai Ace Investment&Development Co.,Ltd engages in the supply chain logistics and supply chain execution trading businesses in China. The company offers multimodal transport of railways, highways, and waterways; and third-party logistics services. It also provides warehouses, bulk cargo yards, container operation stations, liquid chemical storage tanks, warehousing and processing centers, and… Read more