Milkyway Chemical Supply Chain Service Co Ltd (603713) - Net Assets
Based on the latest financial reports, Milkyway Chemical Supply Chain Service Co Ltd (603713) has net assets worth CN¥5.52 Billion CNY (≈ $808.06 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¥15.94 Billion ≈ $2.33 Billion USD) and total liabilities (CN¥10.42 Billion ≈ $1.52 Billion 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 strategic asset allocation of Milkyway Chemical Supply Chain Service C to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.52 Billion |
| % of Total Assets | 34.65% |
| Annual Growth Rate | 33.06% |
| 5-Year Change | 64.76% |
| 10-Year Change | 736.33% |
| Growth Volatility | 30.4 |
Milkyway Chemical Supply Chain Service Co Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Milkyway Chemical Supply Chain Service Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Milkyway Chemical Supply Chain Service C (603713) total market value.
Annual Net Assets for Milkyway Chemical Supply Chain Service Co Ltd (2014–2025)
The table below shows the annual net assets of Milkyway Chemical Supply Chain Service Co Ltd from 2014 to 2025. Also explore Milkyway Chemical Supply Chain Service C equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥5.30 Billion ≈ $776.22 Million |
+11.26% |
| 2024-12-31 | CN¥4.77 Billion ≈ $697.69 Million |
+9.20% |
| 2023-12-31 | CN¥4.37 Billion ≈ $638.90 Million |
+12.13% |
| 2022-12-31 | CN¥3.89 Billion ≈ $569.80 Million |
+20.94% |
| 2021-12-31 | CN¥3.22 Billion ≈ $471.13 Million |
+80.92% |
| 2020-12-31 | CN¥1.78 Billion ≈ $260.41 Million |
+20.58% |
| 2019-12-31 | CN¥1.48 Billion ≈ $215.96 Million |
+16.63% |
| 2018-12-31 | CN¥1.27 Billion ≈ $185.17 Million |
+71.81% |
| 2017-12-31 | CN¥736.51 Million ≈ $107.78 Million |
+16.12% |
| 2016-12-31 | CN¥634.26 Million ≈ $92.81 Million |
+40.61% |
| 2015-12-31 | CN¥451.08 Million ≈ $66.01 Million |
+96.88% |
| 2014-12-31 | CN¥229.11 Million ≈ $33.53 Million |
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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 1341.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.05 Billion | 63.92% |
| Other Components | CN¥1.72 Billion | 36.08% |
| Total Equity | CN¥4.77 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 |
|---|---|
|
Bilia AB (publ)
ST:BILI-A
|
$1.54 Billion |
|
Siloam International Hospitals
JK:SILO
|
$1.54 Billion |
|
Beijing New Oriental Star Petrochemical Engineering Co Ltd
SHE:002755
|
$1.54 Billion |
|
Hammond Power Solutions Inc
TO:HPS-A
|
$1.54 Billion |
|
Ardent Health Partners, Inc.
NYSE:ARDT
|
$1.54 Billion |
|
Dongfeng Automobile Co Ltd
SHG:600006
|
$1.54 Billion |
|
Nomad Foods Ltd
NYSE:NOMD
|
$1.54 Billion |
|
JHSF Participações S.A.
SA:JHSF3
|
$1.54 Billion |
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 2024 to 2025, total equity changed from 4,317,827,537 to 4,769,198,218, a change of 451,370,681 (10.5%).
- Net income of 626,553,240 contributed positively to equity growth.
- Dividend payments of 258,560,848 reduced retained earnings.
- Other factors increased equity by 83,378,289.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥626.55 Million | +13.14% |
| Dividends Paid | CN¥258.56 Million | -5.42% |
| Other Changes | CN¥83.38 Million | +1.75% |
| Total Change | CN¥- | 10.45% |
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: 2.18x
- 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 36.52x to 2.18x 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¥65.80 | x |
| 2015-12-31 | CN¥3.51 | CN¥65.80 | x |
| 2016-12-31 | CN¥5.58 | CN¥65.80 | x |
| 2017-12-31 | CN¥6.32 | CN¥65.80 | x |
| 2018-12-31 | CN¥9.61 | CN¥65.80 | x |
| 2019-12-31 | CN¥9.41 | CN¥65.80 | x |
| 2020-12-31 | CN¥11.22 | CN¥65.80 | x |
| 2021-12-31 | CN¥19.46 | CN¥65.80 | x |
| 2022-12-31 | CN¥22.27 | CN¥65.80 | x |
| 2023-12-31 | CN¥23.66 | CN¥65.80 | x |
| 2024-12-31 | CN¥24.88 | CN¥65.80 | x |
| 2025-12-31 | CN¥30.16 | CN¥65.80 | 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): 13.14%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.70%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 4.36x
- Recent ROE (13.14%) is below the historical average (13.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 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 |
| 2025 | 13.14% | 4.70% | 0.64x | 4.36x | CN¥149.63 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: $10,844,857,884
- Average return on equity (ROE) among peers: -3.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Milkyway Chemical Supply Chain Service Co Ltd (603713) | CN¥5.52 Billion | 25.05% | 1.89x | $1.54 Billion |
| Citic Offshore Helicopter Co Ltd (000099) | $875.66 Million | 7.00% | 0.23x | $1.48 Billion |
| Guangdong Jushen Logistics Co Ltd (001202) | $732.50 Million | 6.36% | 0.40x | $332.22 Million |
| YUNDA Holding Co Ltd (002120) | $5.25 Billion | 30.25% | 0.79x | $2.85 Billion |
| S.F. Holding Co. Ltd (002352) | $98.29 Billion | 6.28% | 1.21x | $21.59 Billion |
| STO Express Co Ltd (002468) | $785.59 Million | 97.36% | 2.62x | $3.21 Billion |
| Hubeiyichang Transportation Group Co Ltd (002627) | $268.43 Million | 28.09% | 1.38x | $705.11 Million |
| Shenzhen Prolto Supply Chain Management Co Ltd (002769) | $1.34 Billion | 7.62% | 7.63x | $360.55 Million |
| Xinjiang Tianshun Supply Chain Co Ltd (002800) | $162.42 Million | 14.67% | 0.76x | $327.95 Million |
| Shenzhen Easttop Supply Chain Management Co Ltd (002889) | $495.70 Million | 13.83% | 10.28x | $648.25 Million |
| Jiangsu Xinning Modern Logist (300013) | $249.25 Million | -245.72% | 3.45x | $346.43 Million |
About Milkyway Chemical Supply Chain Service Co Ltd
Milkyway Intelligent Supply Chain Service GroupCo., Ltd. provides chemical supply chain solutions worldwide. Its services include import and export cargo solicitation, booking, consignment, warehousing, packaging, loading/unloading, transshipment, distribution, handling of declaration and inspection, cargo insurance, international multimodal transport, third-party logistics, and contract logistic… Read more