Milkyway Chemical Supply Chain Service Co Ltd
Milkyway Chemical Supply Chain Service Co.,Ltd provides chemical supply chain solutions worldwide. Its services include import and export cargo collection, booking, consignment, warehousing, packaging, loading/unloading, transit, distribution, delivery inspection, cargo insurance, international multimodal transport, third-party and contract logistics: leasing and transportation services for domes… Read more
Milkyway Chemical Supply Chain Service Co Ltd (603713) - Net Assets
Latest net assets as of September 2025: CN¥5.16 Billion CNY
Based on the latest financial reports, Milkyway Chemical Supply Chain Service Co Ltd (603713) has net assets worth CN¥5.16 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¥19.72 Billion) and total liabilities (CN¥14.56 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¥5.16 Billion |
| % of Total Assets | 26.19% |
| Annual Growth Rate | 35.46% |
| 5-Year Change | 167.92% |
| 10-Year Change | 957.0% |
| Growth Volatility | 30.8 |
Milkyway Chemical Supply Chain Service Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Milkyway Chemical Supply Chain Service 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 Milkyway Chemical Supply Chain Service Co Ltd (2014–2024)
The table below shows the annual net assets of Milkyway Chemical Supply Chain Service Co Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.77 Billion | +9.20% |
| 2023-12-31 | CN¥4.37 Billion | +12.13% |
| 2022-12-31 | CN¥3.89 Billion | +20.94% |
| 2021-12-31 | CN¥3.22 Billion | +80.92% |
| 2020-12-31 | CN¥1.78 Billion | +20.58% |
| 2019-12-31 | CN¥1.48 Billion | +16.63% |
| 2018-12-31 | CN¥1.27 Billion | +71.81% |
| 2017-12-31 | CN¥736.51 Million | +16.12% |
| 2016-12-31 | CN¥634.26 Million | +40.61% |
| 2015-12-31 | CN¥451.08 Million | +96.88% |
| 2014-12-31 | CN¥229.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Milkyway Chemical Supply Chain Service 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 1107.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.55 Billion | 59.11% |
| Common Stock | CN¥160.70 Million | 3.72% |
| Other Components | CN¥1.60 Billion | 37.17% |
| Total Equity | CN¥4.32 Billion | 100.00% |
Milkyway Chemical Supply Chain Service Co Ltd Competitors by Market Cap
The table below lists competitors of Milkyway Chemical Supply Chain Service Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ningbo Tech-Bank Co Ltd
SHE:002124
|
$711.38 Million |
|
Deepak Fertilizers and Petrochemicals Corporation Limited
NSE:DEEPAKFERT
|
$711.39 Million |
|
Shandong Dawn Polymer Co Ltd
SHE:002838
|
$711.43 Million |
|
GRAHAM CORP. DL-10
F:781
|
$711.44 Million |
|
Blacksky Technology Inc
NYSE:BKSY
|
$711.27 Million |
|
GRAY TELEVISION A DL-01
F:GCZA
|
$710.37 Million |
|
Luxin Venture Capital Group Co Ltd
SHG:600783
|
$709.65 Million |
|
Jiangsu Nanfang Bearing Co Ltd
SHE:002553
|
$709.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Milkyway Chemical Supply Chain Service Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,020,781,257 to 4,317,827,537, a change of 297,046,280 (7.4%).
- Net income of 565,182,832 contributed positively to equity growth.
- Dividend payments of 85,528,729 reduced retained earnings.
- Share repurchases of 173,449,165 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥565.18 Million | +13.09% |
| Dividends Paid | CN¥85.53 Million | -1.98% |
| Share Repurchases | CN¥173.45 Million | -4.02% |
| Other Changes | CN¥-9.16 Million | -0.21% |
| Total Change | CN¥- | 7.39% |
Book Value vs Market Value Analysis
This analysis compares Milkyway Chemical Supply Chain Service 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: 2.52x
- 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 34.80x to 2.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥1.80 | CN¥62.70 | x |
| 2015-12-31 | CN¥3.51 | CN¥62.70 | x |
| 2016-12-31 | CN¥5.58 | CN¥62.70 | x |
| 2017-12-31 | CN¥6.32 | CN¥62.70 | x |
| 2018-12-31 | CN¥9.61 | CN¥62.70 | x |
| 2019-12-31 | CN¥9.41 | CN¥62.70 | x |
| 2020-12-31 | CN¥11.22 | CN¥62.70 | x |
| 2021-12-31 | CN¥19.46 | CN¥62.70 | x |
| 2022-12-31 | CN¥22.27 | CN¥62.70 | x |
| 2023-12-31 | CN¥23.66 | CN¥62.70 | x |
| 2024-12-31 | CN¥24.88 | CN¥62.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Milkyway Chemical Supply Chain Service 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): 13.09%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.66%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 3.23x
- Recent ROE (13.09%) is below the historical average (13.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 25.05% | 11.92% | 1.26x | 1.66x | CN¥34.48 Million |
| 2015 | 11.50% | 8.16% | 1.06x | 1.33x | CN¥6.69 Million |
| 2016 | 9.03% | 5.97% | 1.11x | 1.36x | CN¥-6.02 Million |
| 2017 | 11.58% | 6.48% | 1.14x | 1.57x | CN¥11.40 Million |
| 2018 | 10.55% | 7.41% | 0.96x | 1.48x | CN¥6.93 Million |
| 2019 | 13.67% | 8.11% | 0.94x | 1.79x | CN¥52.59 Million |
| 2020 | 16.86% | 8.42% | 0.93x | 2.15x | CN¥117.36 Million |
| 2021 | 13.70% | 4.99% | 1.19x | 2.31x | CN¥116.53 Million |
| 2022 | 15.97% | 5.23% | 1.22x | 2.51x | CN¥226.18 Million |
| 2023 | 10.73% | 4.42% | 0.88x | 2.77x | CN¥29.23 Million |
| 2024 | 13.09% | 4.66% | 0.87x | 3.23x | CN¥133.40 Million |
Industry Comparison
This section compares Milkyway Chemical Supply Chain Service Co 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: $839,320,819
- Average return on equity (ROE) among peers: 13.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Milkyway Chemical Supply Chain Service Co Ltd (603713) | CN¥5.16 Billion | 25.05% | 2.82x | $711.28 Million |
| Citic Offshore Helicopter Co Ltd (000099) | $924.27 Million | 6.71% | 0.50x | $1.27 Billion |
| Guangdong Jushen Logistics Co Ltd (001202) | $252.65 Million | 35.73% | 0.45x | $128.89 Million |
| Yongtaiyun Chemical Logistics Co.Ltd (001228) | $507.18 Million | 12.53% | 0.62x | $204.77 Million |
| San Yang Ma (Chongqing) Logistics Co.Ltd. (001317) | $855.70 Million | 2.35% | 0.83x | $216.73 Million |
| YUNDA Holding Co Ltd (002120) | $376.74 Million | 10.94% | 1.47x | $2.56 Billion |
| S.F. Holding Co. Ltd (002352) | $84.90 Million | 42.08% | 1.28x | $10.85 Billion |
| Hubeiyichang Transportation Group Co Ltd (002627) | $3.18 Billion | 0.14% | 0.38x | $472.92 Million |
| Shenzhen Prolto Supply Chain Management Co Ltd (002769) | $1.26 Billion | 5.41% | 10.08x | $411.78 Million |
| Xinjiang Tianshun Supply Chain Co Ltd (002800) | $452.01 Million | 9.12% | 0.73x | $233.89 Million |
| Shenzhen Easttop Supply Chain Management Co Ltd (002889) | $495.70 Million | 13.83% | 10.28x | $212.62 Million |