China Master Logistics Co Ltd (603967) - Net Assets
Based on the latest financial reports, China Master Logistics Co Ltd (603967) has net assets worth CN¥2.55 Billion CNY (≈ $373.43 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.11 Billion ≈ $600.73 Million USD) and total liabilities (CN¥1.55 Billion ≈ $227.30 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 China Master Logistics Co Ltd (603967) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.55 Billion |
| % of Total Assets | 62.16% |
| Annual Growth Rate | 16.47% |
| 5-Year Change | 25.23% |
| 10-Year Change | 352.23% |
| Growth Volatility | 30.2 |
China Master Logistics Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how China Master Logistics Co Ltd's net assets have evolved over time, based on quarterly financial data. See 603967 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for China Master Logistics Co Ltd (2013–2024)
The table below shows the annual net assets of China Master Logistics Co Ltd from 2013 to 2024. For live valuation and market cap data, see China Master Logistics Co Ltd (603967) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.56 Billion ≈ $374.35 Million |
+5.11% |
| 2023-12-31 | CN¥2.43 Billion ≈ $356.16 Million |
+4.29% |
| 2022-12-31 | CN¥2.33 Billion ≈ $341.51 Million |
+5.90% |
| 2021-12-31 | CN¥2.20 Billion ≈ $322.49 Million |
+7.88% |
| 2020-12-31 | CN¥2.04 Billion ≈ $298.94 Million |
+4.68% |
| 2019-12-31 | CN¥1.95 Billion ≈ $285.58 Million |
+112.84% |
| 2018-12-31 | CN¥916.93 Million ≈ $134.18 Million |
+15.84% |
| 2017-12-31 | CN¥791.57 Million ≈ $115.83 Million |
+17.28% |
| 2016-12-31 | CN¥674.92 Million ≈ $98.76 Million |
+19.31% |
| 2015-12-31 | CN¥565.71 Million ≈ $82.78 Million |
+16.38% |
| 2014-12-31 | CN¥486.09 Million ≈ $71.13 Million |
+1.68% |
| 2013-12-31 | CN¥478.05 Million ≈ $69.95 Million |
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Equity Component Analysis
This analysis shows how different components contribute to China Master Logistics 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 170.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥996.48 Million | 42.28% |
| Common Stock | CN¥346.67 Million | 14.71% |
| Other Components | CN¥1.01 Billion | 43.01% |
| Total Equity | CN¥2.36 Billion | 100.00% |
China Master Logistics Co Ltd Competitors by Market Cap
The table below lists competitors of China Master Logistics Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SeaBird Exploration Plc
OL:SBX
|
$574.77 Million |
|
Zhejiang Feida Environmental Science & Technology Co Ltd
SHG:600526
|
$574.80 Million |
|
Linkage Software Co Ltd
SHG:688588
|
$574.80 Million |
|
Jinneng Science&Tech Co Ltd
SHG:603113
|
$574.86 Million |
|
Fujian Rongji Software Co Ltd
SHE:002474
|
$574.51 Million |
|
Beijing Science Sun Pharmaceutical Co Ltd
SHE:300485
|
$574.44 Million |
|
Sichuan Zhongguang Lightning Protection Technologies Co Ltd
SHE:300414
|
$574.39 Million |
|
Heren Health Co Ltd
SHE:300550
|
$574.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Master Logistics Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,273,232,107 to 2,356,695,591, a change of 83,463,484 (3.7%).
- Net income of 252,698,368 contributed positively to equity growth.
- Dividend payments of 189,136,078 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥252.70 Million | +10.72% |
| Dividends Paid | CN¥189.14 Million | -8.03% |
| Other Changes | CN¥19.90 Million | +0.84% |
| Total Change | CN¥- | 3.67% |
Book Value vs Market Value Analysis
This analysis compares China Master Logistics 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: 1.67x
- 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 4.94x to 1.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥2.30 | CN¥11.33 | x |
| 2014-12-31 | CN¥2.35 | CN¥11.33 | x |
| 2015-12-31 | CN¥2.11 | CN¥11.33 | x |
| 2016-12-31 | CN¥2.51 | CN¥11.33 | x |
| 2017-12-31 | CN¥2.94 | CN¥11.33 | x |
| 2018-12-31 | CN¥3.38 | CN¥11.33 | x |
| 2019-12-31 | CN¥5.48 | CN¥11.33 | x |
| 2020-12-31 | CN¥5.70 | CN¥11.33 | x |
| 2021-12-31 | CN¥6.01 | CN¥11.33 | x |
| 2022-12-31 | CN¥6.33 | CN¥11.33 | x |
| 2023-12-31 | CN¥6.53 | CN¥11.33 | x |
| 2024-12-31 | CN¥6.80 | CN¥11.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Master Logistics 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): 10.72%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.13%
- • Asset Turnover: 2.66x
- • Equity Multiplier: 1.89x
- Recent ROE (10.72%) is below the historical average (17.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 22.03% | 2.80% | 3.94x | 1.99x | CN¥55.19 Million |
| 2014 | 19.92% | 2.64% | 3.14x | 2.40x | CN¥46.63 Million |
| 2015 | 29.52% | 4.67% | 2.77x | 2.28x | CN¥107.02 Million |
| 2016 | 27.63% | 5.00% | 2.72x | 2.03x | CN¥115.46 Million |
| 2017 | 24.63% | 4.23% | 3.14x | 1.85x | CN¥112.04 Million |
| 2018 | 21.65% | 4.23% | 2.97x | 1.72x | CN¥102.64 Million |
| 2019 | 10.44% | 4.40% | 1.77x | 1.34x | CN¥8.36 Million |
| 2020 | 8.91% | 3.42% | 1.89x | 1.38x | CN¥-21.50 Million |
| 2021 | 9.97% | 1.67% | 3.18x | 1.87x | CN¥-608.27K |
| 2022 | 11.10% | 2.06% | 3.11x | 1.73x | CN¥24.23 Million |
| 2023 | 10.56% | 3.25% | 1.94x | 1.68x | CN¥12.84 Million |
| 2024 | 10.72% | 2.13% | 2.66x | 1.89x | CN¥17.03 Million |
Industry Comparison
This section compares China Master Logistics 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: $13,157,055,104
- Average return on equity (ROE) among peers: -16.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Master Logistics Co Ltd (603967) | CN¥2.55 Billion | 22.03% | 0.61x | $574.75 Million |
| Citic Offshore Helicopter Co Ltd (000099) | $3.60 Billion | 6.07% | 0.53x | $1.80 Billion |
| Guangdong Jushen Logistics Co Ltd (001202) | $738.66 Million | 8.42% | 0.74x | $345.64 Million |
| YUNDA Holding Co Ltd (002120) | $17.08 Billion | 8.68% | 1.23x | $2.67 Billion |
| S.F. Holding Co. Ltd (002352) | $102.34 Billion | 9.94% | 1.09x | $22.15 Billion |
| STO Express Co Ltd (002468) | $205.22 Million | 16.11% | 1.67x | $2.97 Billion |
| Hubeiyichang Transportation Group Co Ltd (002627) | $3.32 Billion | 3.54% | 0.28x | $658.46 Million |
| Shenzhen Prolto Supply Chain Management Co Ltd (002769) | $1.19 Billion | 16.07% | 11.82x | $398.79 Million |
| Xinjiang Tianshun Supply Chain Co Ltd (002800) | $575.26 Million | 0.61% | 0.93x | $322.61 Million |
| Shenzhen Easttop Supply Chain Management Co Ltd (002889) | $2.28 Billion | 6.96% | 1.07x | $604.04 Million |
| Jiangsu Xinning Modern Logist (300013) | $249.25 Million | -245.72% | 3.45x | $335.81 Million |
About China Master Logistics Co Ltd
China Master Logistics Co., Ltd. operates as an integrated logistics company in China. It operates through Cross-Border Container Logistics; Domestic New Business; and Overseas Business segments. The company offers freight forwarding services comprising booking agency, freight forwarding, TCR logistics, air parcel, customs clearance, supply chain management, over-seas network, and consultation so… Read more