Huangshan Tourism Development Co Ltd B (900942) - Net Assets
Based on the latest financial reports, Huangshan Tourism Development Co Ltd B (900942) has net assets worth $5.00 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.01 Billion) and total liabilities ($1.00 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. Check 900942 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.00 Billion |
| % of Total Assets | 83.29% |
| Annual Growth Rate | 5.16% |
| 5-Year Change | 10.31% |
| 10-Year Change | 17.97% |
| Growth Volatility | 12.12 |
Huangshan Tourism Development Co Ltd B - Net Assets Trend (2015–2025)
This chart illustrates how Huangshan Tourism Development Co Ltd B's net assets have evolved over time, based on quarterly financial data. See how many days can Huangshan Tourism Development Co Ltd B fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Huangshan Tourism Development Co Ltd B (2015–2025)
The table below shows the annual net assets of Huangshan Tourism Development Co Ltd B from 2015 to 2025. For live valuation and market cap data, see market value of Huangshan Tourism Development Co Ltd B.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $4.98 Billion | +2.47% |
| 2024-12-31 | $4.86 Billion | +3.57% |
| 2023-12-31 | $4.69 Billion | +9.37% |
| 2022-12-31 | $4.29 Billion | -4.96% |
| 2021-12-31 | $4.51 Billion | +1.07% |
| 2020-12-31 | $4.47 Billion | -1.27% |
| 2019-12-31 | $4.52 Billion | +6.98% |
| 2018-12-31 | $4.23 Billion | +0.59% |
| 2017-12-31 | $4.20 Billion | -0.41% |
| 2016-12-31 | $4.22 Billion | +40.24% |
| 2015-12-31 | $3.01 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Huangshan Tourism Development Co Ltd B'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 74.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.29 Billion | 68.88% |
| Other Components | $1.49 Billion | 31.12% |
| Total Equity | $4.78 Billion | 100.00% |
Huangshan Tourism Development Co Ltd B Competitors by Market Cap
The table below lists competitors of Huangshan Tourism Development Co Ltd B ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sebang
KO:004360
|
$146.83 Million |
|
Tung Thih Electronic Co Ltd
TWO:3552
|
$146.84 Million |
|
Southern Steel Bhd
KLSE:5665
|
$146.98 Million |
|
Organic Tea Cosmetics Holdings Company Limited
KQ:900300
|
$147.02 Million |
|
AAPICO Hitech Public Company Limited
BK:AH
|
$146.66 Million |
|
BANK OF JIUJIANG H YC1
F:BJ8
|
$146.62 Million |
|
WhiteHorse Finance
NASDAQ:WHF
|
$146.52 Million |
|
First Guaranty Bancshares, Inc.
NASDAQ:FGBI
|
$146.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Huangshan Tourism Development Co Ltd B's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,657,341,392 to 4,778,366,896, a change of 121,025,504 (2.6%).
- Net income of 292,480,929 contributed positively to equity growth.
- Dividend payments of 127,294,481 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $292.48 Million | +6.12% |
| Dividends Paid | $127.29 Million | -2.66% |
| Other Changes | $-44.16 Million | -0.92% |
| Total Change | $- | 2.60% |
Book Value vs Market Value Analysis
This analysis compares Huangshan Tourism Development Co Ltd B'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: 0.10x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $5.54 | $0.68 | x |
| 2018-12-31 | $5.46 | $0.68 | x |
| 2019-12-31 | $5.98 | $0.68 | x |
| 2020-12-31 | $5.84 | $0.68 | x |
| 2021-12-31 | $5.89 | $0.68 | x |
| 2022-12-31 | $5.60 | $0.68 | x |
| 2023-12-31 | $6.15 | $0.68 | x |
| 2024-12-31 | $6.39 | $0.68 | x |
| 2025-12-31 | $6.55 | $0.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Huangshan Tourism Development Co Ltd B 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): 6.12%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.87%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.28x
- Recent ROE (6.12%) is below the historical average (6.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 9.93% | 17.77% | 0.41x | 1.36x | $-1.94 Million |
| 2016 | 8.47% | 21.09% | 0.32x | 1.24x | $-63.62 Million |
| 2017 | 10.00% | 23.21% | 0.37x | 1.15x | $162.38K |
| 2018 | 14.27% | 35.94% | 0.34x | 1.15x | $174.26 Million |
| 2019 | 7.80% | 21.17% | 0.32x | 1.14x | $-95.72 Million |
| 2020 | -1.09% | -6.26% | 0.15x | 1.15x | $-472.64 Million |
| 2021 | 1.01% | 4.86% | 0.17x | 1.20x | $-386.05 Million |
| 2022 | -3.23% | -16.50% | 0.15x | 1.28x | $-540.29 Million |
| 2023 | 9.43% | 21.92% | 0.34x | 1.26x | $-25.74 Million |
| 2024 | 6.76% | 16.31% | 0.34x | 1.23x | $-150.73 Million |
| 2025 | 6.12% | 13.87% | 0.35x | 1.28x | $-185.36 Million |
Industry Comparison
This section compares Huangshan Tourism Development Co Ltd B's net assets metrics with peer companies in the Lodging industry.
Industry Context
- Industry: Lodging
- Average net assets among peers: $1,055,431,274
- Average return on equity (ROE) among peers: 17.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Huangshan Tourism Development Co Ltd B (900942) | $5.00 Billion | 9.93% | 0.20x | $146.72 Million |
| ShenZhen Zero-Seven Co Ltd (000007) | $138.02 Million | 26.06% | 1.89x | $641.81 Million |
| Shenzhen Overseas Chinese Town Co Ltd (000069) | $1.10 Billion | 16.36% | 0.80x | $1.92 Billion |
| Huatian Hotel Group Co Ltd (000428) | $1.55 Billion | 8.75% | 1.93x | $463.70 Million |
| Zhang Jia Jie Tourism Group Co Ltd (000430) | $192.07 Million | 10.98% | 0.35x | $853.02 Million |
| XiAn Tourism Co Ltd (000610) | $421.82 Million | 2.53% | 0.72x | $191.93 Million |
| Guilin Tourism Corp Ltd (000978) | $191.32 Million | 38.47% | 0.96x | $360.32 Million |
| LiJiang YuLong Tourism Co Ltd (002033) | $326.04 Million | 13.20% | 0.18x | $663.36 Million |
| Yunnan Tourism Co Ltd (002059) | $2.12 Billion | 28.18% | 0.95x | $613.35 Million |
| SSAW Hotels & Resorts Group Co.Ltd. (301073) | $285.10 Million | 12.30% | 0.58x | $526.40 Million |
| Huangshan Tourism Development Co Ltd A (600054) | $4.23 Billion | 13.78% | 0.11x | $812.71 Million |
About Huangshan Tourism Development Co Ltd B
Huangshan Tourism Development Co.,Ltd. engages in the tourism business in China. The company is involved in the hotel, Anhui cuisine catering, cableway, and travel agency businesses, as well as scenic spot environmental sanitation management, scenic spot ticket management, scenic spot infrastructure construction and management, scenic spot sewage treatment and management, scenic spot material tra… Read more