Hainan Airlines Co Ltd B (900945) - Net Assets
Based on the latest financial reports, Hainan Airlines Co Ltd B (900945) has net assets worth $7.05 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 ($150.17 Billion) and total liabilities ($143.12 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 tangible equity quality of Hainan Airlines Co Ltd B to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $7.05 Billion |
| % of Total Assets | 4.7% |
| Annual Growth Rate | -24.56% |
| 5-Year Change | -51.0% |
| 10-Year Change | N/A |
| Growth Volatility | 132.88 |
Hainan Airlines Co Ltd B - Net Assets Trend (2016–2025)
This chart illustrates how Hainan Airlines Co Ltd B's net assets have evolved over time, based on quarterly financial data. See 900945 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hainan Airlines Co Ltd B (2016–2025)
The table below shows the annual net assets of Hainan Airlines Co Ltd B from 2016 to 2025. For live valuation and market cap data, see market value of Hainan Airlines Co Ltd B.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $5.37 Billion | +248.67% |
| 2024-12-31 | $1.54 Billion | -2.28% |
| 2023-12-31 | $1.58 Billion | +243.76% |
| 2022-12-31 | $458.85 Million | -95.82% |
| 2021-12-31 | $10.97 Billion | +149.28% |
| 2020-12-31 | $-22.25 Billion | -135.83% |
| 2019-12-31 | $62.11 Billion | -9.66% |
| 2018-12-31 | $68.75 Billion | -7.04% |
| 2017-12-31 | $73.96 Billion | +8.96% |
| 2016-12-31 | $67.88 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hainan Airlines 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 decreased by 596.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $80.65 Billion | 1531.94% |
| Total Equity | $5.26 Billion | 100.00% |
Hainan Airlines Co Ltd B Competitors by Market Cap
The table below lists competitors of Hainan Airlines Co Ltd B ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Song Shang Electronics Co Ltd
TWO:6156
|
$82.76 Million |
|
Syntec Construction Public Company Limited
BK:SYNTEC
|
$82.77 Million |
|
Intellicheck Mobilisa Inc
NASDAQ:IDN
|
$82.78 Million |
|
SHEPHERD NEAME P. CONS.
F:43Y
|
$82.80 Million |
|
GLOSTER LTD (BSE)
NSE:GLOSTERLTD
|
$82.75 Million |
|
Dilli Illustrate Inc
KQ:131180
|
$82.74 Million |
|
Grong Sparebank
OL:GRONG
|
$82.73 Million |
|
AGF A/S
CO:AGF-B
|
$82.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hainan Airlines Co Ltd B's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,272,906,000 to 5,264,722,000, a change of 2,991,816,000 (131.6%).
- Net income of 1,979,588,000 contributed positively to equity growth.
- Dividend payments of 1,548,089,000 reduced retained earnings.
- Other factors increased equity by 2,560,317,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.98 Billion | +37.6% |
| Dividends Paid | $1.55 Billion | -29.4% |
| Other Changes | $2.56 Billion | +48.63% |
| Total Change | $- | 131.63% |
Book Value vs Market Value Analysis
This analysis compares Hainan Airlines 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: 1.84x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.07x to 1.84x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $3.43 | $0.22 | x |
| 2018-12-31 | $3.19 | $0.22 | x |
| 2019-12-31 | $3.10 | $0.22 | x |
| 2020-12-31 | $-1.69 | $0.22 | x |
| 2021-12-31 | $0.26 | $0.22 | x |
| 2022-12-31 | $0.03 | $0.22 | x |
| 2023-12-31 | $0.05 | $0.22 | x |
| 2024-12-31 | $0.05 | $0.22 | x |
| 2025-12-31 | $0.12 | $0.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hainan Airlines 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): 37.60%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.89%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 28.93x
- Recent ROE (37.60%) is above the historical average (-166.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 5.61% | 7.71% | 0.27x | 2.65x | $-2.46 Billion |
| 2017 | 5.77% | 5.55% | 0.30x | 3.43x | $-2.44 Billion |
| 2018 | -6.71% | -5.30% | 0.33x | 3.82x | $-8.94 Billion |
| 2019 | 1.04% | 0.75% | 0.37x | 3.77x | $-4.67 Billion |
| 2020 | 0.00% | -217.69% | 0.18x | 0.00x | $-61.17 Billion |
| 2021 | 55.61% | 13.88% | 0.24x | 16.87x | $3.87 Billion |
| 2022 | -1738.86% | -88.55% | 0.17x | 118.62x | $-20.36 Billion |
| 2023 | 13.46% | 0.53% | 0.44x | 58.02x | $79.86 Million |
| 2024 | -40.53% | -1.41% | 0.46x | 62.35x | $-1.15 Billion |
| 2025 | 37.60% | 2.89% | 0.45x | 28.93x | $1.45 Billion |
Industry Comparison
This section compares Hainan Airlines Co Ltd B's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $18,424,129,445
- Average return on equity (ROE) among peers: -0.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hainan Airlines Co Ltd B (900945) | $7.05 Billion | 5.61% | 20.30x | $82.76 Million |
| China Express Airlines Co Ltd Class A (002928) | $3.09 Billion | -31.25% | 4.89x | $1.34 Billion |
| China Southern Airlines Co Ltd Class A (600029) | $55.01 Billion | 1.56% | 5.36x | $10.43 Billion |
| China Eastern Airlines Corp Ltd (600115) | $21.81 Billion | 20.98% | 4.26x | $9.77 Billion |
| Hainan Airlines Co Ltd A (600221) | $2.17 Billion | 7.53% | 3.69x | $9.09 Billion |
| Spring Airlines Co Ltd (601021) | $14.18 Billion | -4.15% | 1.29x | $6.55 Billion |
| Air China Ltd Class A (601111) | $22.61 Billion | 7.56% | 2.05x | $11.41 Billion |
| Juneyao Airlines (603885) | $10.10 Billion | -4.73% | 3.34x | $3.47 Billion |
About Hainan Airlines Co Ltd B
Hainan Airlines Holding Co., Ltd. provides air passenger, cargo, and mail transportation services in the People's Republic of China and Internationally. The company also offers german rail and pet cabin care services; business ticket packages; seat selection, prepaid baggage, upgrade air meals, and insurance products. It operates 1,400 domestic and international routes, including nearly 1,300 dom… Read more