Chang Jiang Shipping Group Phoenix Co.,Ltd (000520.SZ) Bundle
Peeling back the numbers on Chang Jiang Shipping Group Phoenix Co., Ltd. (000520.SZ) reveals a stark picture for investors: 2024 revenue slid to 887.72 million yuan (down 12.25% year-on-year from 1.01 billion), while the company recorded a net loss of 82.70 million yuan in 2024-an 850.4% swing from prior profit-against a backdrop of earnings shrinking at an average annual rate of 63.2% versus industry growth of 5.1%; balance-sheet data through June 2025 show total assets of 681.28 million yuan, liabilities of 221.34 million and equity of 459.94 million (debt-to-equity ~0.48), cash and short-term investments of 139.49 million, a current ratio of 1.5, operating cash flow of 46.9 million and free cash flow of 31.36 million, yet looming headwinds include planned scrapping of two vessels in H1 2025 expected to hit profits by ~1.8 billion despite ~7 billion in disposal proceeds and subsidies-market signals are volatile with a 52-week price range of 3.44-6.45 yuan, a market cap near 5.19 billion yuan, trailing EPS of -0.12 yuan and a P/B of 10.29; read on to unpack what these concrete metrics mean for risk, valuation and potential catalysts.
Chang Jiang Shipping Group Phoenix Co.,Ltd (000520.SZ) - Revenue Analysis
Key headline numbers:
- 2024 revenue: 887.72 million yuan (vs. 1.01 billion yuan in 2023), a decline of 12.25%.
- 2024 net result: net loss of 82.70 million yuan (vs. prior-year profit ≈ 11.02 million yuan - implied by an 850.4% decline).
- Planned FY1H 2025 actions: scrapping of two vessels with an expected negative profit impact of ≈ 1.8 billion yuan, despite ~7 billion yuan in disposal proceeds and government subsidies.
- Longer-term revenue trend: company revenue growth rate has been declining at an average annual rate of 63.2%, while the shipping industry has grown ~5.1% annually.
- Market and share metrics: 52-week range 3.44-6.45 yuan; market capitalization ≈ 5.19 billion yuan.
| Metric | 2023 | 2024 | Change / Notes |
|---|---|---|---|
| Revenue | 1.01 billion yuan | 887.72 million yuan | -12.25% |
| Net profit / (loss) | ≈11.02 million yuan (profit) | -82.70 million yuan (loss) | Drop of 850.4% vs prior year |
| Planned vessel disposals (H1 2025) | Scrap two vessels; disposal proceeds & subsidies ≈7.0 billion yuan | Net negative profit impact ≈1.8 billion yuan | |
| Avg. annual revenue growth (company) | -63.2% (declining) | Versus industry +5.1% p.a. | |
| 52-week stock range | 3.44 - 6.45 yuan | High volatility | |
| Market capitalization | ≈5.19 billion yuan | Snapshot market value | |
Implications and near-term considerations:
- Profitability is under pressure: 2024 moved to a material net loss after a modest prior-year profit; planned scrapping amplifies near-term headline losses despite cash from disposals/subsidies.
- Revenue trajectory diverges from peers: company's -63.2% average annual decline vs. industry +5.1% suggests structural or operational weaknesses to investigate (fleet utilization, freight rates, contract mix).
- Balance-sheet and cash dynamics: large disposal proceeds (~7 billion yuan) can alleviate liquidity but recognizing non-cash impairments or write-downs tied to scrapping may create substantial P&L volatility (≈1.8 billion yuan hit).
- Investor risk profile: pronounced share-price volatility (3.44-6.45 yuan) and ~5.19 billion yuan market cap imply sensitivity to news on vessel disposals, subsidies, and quarterly earnings revisions.
For additional context on the company's strategic direction and stated priorities, see Mission Statement, Vision, & Core Values (2026) of Chang Jiang Shipping Group Phoenix Co.,Ltd.
Chang Jiang Shipping Group Phoenix Co.,Ltd (000520.SZ) - Profitability Metrics
Chang Jiang Shipping Group Phoenix Co.,Ltd (000520.SZ) reported sharply deteriorated profitability in 2024, with multiple indicators showing negative returns and operational stress.
- 2024 net loss: -82.70 million yuan (a swing of -850.4% vs. prior-year profit).
- Average annual earnings decline: -63.2% (versus the shipping industry average earnings growth of +5.1% per year).
- Net profit margin: -17.08% (loss-making at the bottom line).
- Return on equity (ROE): -25.13% (negative shareholder returns).
- Earnings per share (TTM): -0.12 yuan.
- Operating profit margin: -7.80% (negative operating profitability).
| Metric | Value | Interpretation |
|---|---|---|
| Net Profit / Net Loss (2024) | -82.70 million CNY | Large absolute loss for the fiscal year |
| Year-over-year swing | -850.4% | From profit to substantial loss |
| Average annual earnings growth (company) | -63.2% p.a. | Severe multi-year decline in earnings |
| Average annual earnings growth (industry) | +5.1% p.a. | Industry growth contrasts company deterioration |
| Net Profit Margin | -17.08% | Negative margin-loss per unit of revenue |
| Operating Profit Margin | -7.80% | Operational inefficiency and negative core earnings |
| Return on Equity (ROE) | -25.13% | Negative return on shareholder capital |
| Earnings Per Share (TTM) | -0.12 CNY | Loss allocated per outstanding share |
Key investor takeaways:
- Profitability is currently negative across margins and ROE, signalling capital consumption rather than generation.
- The company's earnings trajectory (-63.2% p.a.) lags industry performance (+5.1% p.a.), highlighting competitive or execution issues.
- Negative operating margin (-7.80%) indicates core operations are not covering operating costs before financing and taxes.
For a broader investor context and shareholding dynamics, see: Exploring Chang Jiang Shipping Group Phoenix Co.,Ltd Investor Profile: Who's Buying and Why?
Chang Jiang Shipping Group Phoenix Co.,Ltd (000520.SZ) - Debt vs. Equity Structure
Chang Jiang Shipping Group Phoenix Co.,Ltd (000520.SZ) shows a conservative balance between debt and equity as of June 2025, with a debt-to-equity ratio near 0.48 and liquidity that supports short-term obligations.
- Total assets: 681.28 million yuan (-7.54% YoY)
- Total liabilities: 221.34 million yuan (+6.94% YoY)
- Total equity: 459.94 million yuan
- Debt-to-equity ratio: ≈ 0.48
- Cash and short-term investments: 139.49 million yuan
- Market capitalization: ≈ 5.19 billion yuan
| Metric | Value (yuan) | YoY Change | Notes |
|---|---|---|---|
| Total Assets | 681,280,000 | -7.54% | Reduced asset base vs. prior year |
| Total Liabilities | 221,340,000 | +6.94% | Modest increase in obligations |
| Total Equity | 459,940,000 | - | Equity remains the dominant component of financing |
| Debt-to-Equity Ratio | 0.48 | - | Low leverage relative to equity |
| Cash & Short-term Investments | 139,490,000 | - | Provides liquidity coverage for short-term obligations |
| Market Capitalization | ~5,190,000,000 | - | Market valuation of equity |
Key implications for investors:
- Leverage profile: With a debt-to-equity of ~0.48, financial risk from leverage is relatively low compared with more highly geared peers.
- Liquidity buffer: 139.49 million yuan in cash and short-term investments supports near-term obligations and operational flexibility.
- Asset contraction vs. rising liabilities: A 7.54% drop in assets alongside a 6.94% rise in liabilities suggests monitoring asset quality and sources of liability growth.
- Market valuation vs. book equity: Market cap of ~5.19 billion yuan implies significant market premium relative to book equity of 459.94 million yuan.
Chang Jiang Shipping Group Phoenix Co.,Ltd (000520.SZ) - Liquidity and Solvency
Key metrics point to a company with adequate short-term liquidity, positive cash generation, and modest asset efficiency. Below are the primary liquidity and solvency indicators investors should note.
- Current ratio: 1.5 (higher than industry average of 1.2), indicating stronger short-term liquidity coverage.
- Quick ratio: not specified; however, the current ratio suggests sufficient ability to meet near-term obligations excluding inventory.
- Cash flow from operating activities: ¥46.90 million - positive operating cash generation.
- Free cash flow: ¥31.36 million - available cash after capital expenditures for debt service, reinvestment, or distributions.
- Net change in cash: +¥38.32 million - increase in cash reserves over the period.
- Return on assets (ROA): 1.51% - modest efficiency in converting assets into net income.
| Metric | Value | Context / Benchmark |
|---|---|---|
| Current Ratio | 1.5 | Industry average: 1.2 |
| Quick Ratio | Not specified | Implied adequate liquidity based on current ratio |
| Cash Flow from Operations | ¥46.90 million | Positive core cash generation |
| Free Cash Flow | ¥31.36 million | Cash after capex |
| Net Change in Cash | +¥38.32 million | Increase in cash reserves |
| Return on Assets (ROA) | 1.51% | Modest asset efficiency |
For broader context on the company's background and strategy, see: Chang Jiang Shipping Group Phoenix Co.,Ltd: History, Ownership, Mission, How It Works & Makes Money
Chang Jiang Shipping Group Phoenix Co.,Ltd (000520.SZ) Valuation Analysis
- Price-to-Book (P/B): 10.29 - market places a significant premium on equity.
- Trailing Twelve Months EPS: -0.12 yuan - company reporting a loss per share.
- Price-to-Earnings (P/E): Not applicable due to negative earnings.
- Market Capitalization: ≈ 5.19 billion yuan.
- 52-week range: 3.44 - 6.45 yuan, showing notable volatility.
- Share price (as of 2025-12-22): 5.25 yuan.
| Metric | Value | Notes / Calculation |
|---|---|---|
| Share price (2025-12-22) | 5.25 yuan | Latest quoted market price |
| P/B ratio | 10.29 | Market price divided by book value per share |
| Implied book value per share | ≈ 0.51 yuan | 5.25 / 10.29 ≈ 0.510 (rounded) |
| EPS (TTM) | -0.12 yuan | Negative earnings - P/E not meaningful |
| P/E ratio | Not applicable | Negative EPS |
| Market capitalization | ≈ 5.19 billion yuan | Reported market value |
| Implied shares outstanding | ≈ 988.6 million shares | 5.19 billion / 5.25 ≈ 988,571,429 |
| 52-week low / high | 3.44 / 6.45 yuan | High volatility over the past year |
- High P/B (10.29) vs. implied book value (~0.51 yuan) signals market expectation of intangible value, growth, or scarce book equity - but EPS is negative, creating valuation tension.
- Negative EPS makes earnings-based valuation (P/E) unusable; investors must rely on balance-sheet multiples, cash flow analysis, or relative peers.
- Volatile 52-week range and sub‑1 billion implied shares outstanding suggest liquidity and supply/demand dynamics materially influence price swings.
Chang Jiang Shipping Group Phoenix Co.,Ltd (000520.SZ) - Risk Factors
Key risk indicators for Chang Jiang Shipping Group Phoenix Co.,Ltd (000520.SZ) highlight material financial and operational vulnerabilities that investors should weigh carefully.
- Net earnings shock: reported net loss of ¥82.70 million in 2024 versus a prior-year profit, signaling immediate deterioration in profitability.
- Earnings trend divergence: company earnings have declined at an average annual rate of 63.2% while the broader shipping industry reported earnings growth of 5.1% per year - a clear underperformance relative to peers.
- Fleet disposal hit: planned scrapping of two vessels is expected to produce an approximate ¥1.8 billion negative impact on profit, even after disposal proceeds and potential government subsidies.
- Equity volatility: 52-week trading range of ¥3.44-¥6.45 indicates significant share-price volatility and market uncertainty about prospects.
- Negative returns and margins: ROE of -25.13% and net profit margin of -17.08% reflect current negative returns on shareholder equity and ongoing unprofitable operations.
| Metric | Value | Period / Note |
|---|---|---|
| Net profit / (loss) | ¥(82.70) million | 2024 reported |
| Average annual earnings change | -63.2% | Company historical average |
| Shipping industry earnings growth | +5.1% p.a. | Industry benchmark |
| Estimated profit impact - vessel scrapping | ¥(1,800) million | Expected negative effect (net of proceeds/subsidies) |
| 52-week stock price range | ¥3.44 - ¥6.45 | High volatility |
| Return on Equity (ROE) | -25.13% | Latest reported |
| Net profit margin | -17.08% | Latest reported |
Additional risk details and investor context can be reviewed here: Exploring Chang Jiang Shipping Group Phoenix Co.,Ltd Investor Profile: Who's Buying and Why?
Chang Jiang Shipping Group Phoenix Co.,Ltd (000520.SZ) - Growth Opportunities
Chang Jiang Shipping Group Phoenix Co.,Ltd (000520.SZ) faces a mix of near-term headwinds and medium-to-long-term structural growth opportunities rooted in its role as a bulk logistics specialist on China's inland and coastal waterways.
- Near-term impact: management expects scrapping two vessels to cause an estimated negative profit impact of approximately ¥1.8 billion, net of disposal proceeds and government subsidies.
- Diversified service portfolio supports revenue resilience: special bulky logistics transportation, cargo agency services, and comprehensive crew management solutions.
- Strategic customer base across heavy industries - steel, metallurgy, electric power, coal, chemicals, building materials, and cement - provides steady cargo demand tied to China's industrial activity.
| Metric | Reported / Expected Value |
|---|---|
| Estimated profit impact from scrapping two vessels | ¥1.8 billion (negative) |
| Disposal proceeds | Not disclosed (offset part of loss) |
| Government subsidies related to disposal | Not disclosed (partially offsetting) |
| Core service lines | Bulky logistics, cargo agency, crew management |
| Key served industries | Steel, metallurgy, electric power, coal, chemicals, building materials, cement |
| Primary transportation network | China inland waterways + coastal feeder services |
Key operational advantages that underpin growth potential:
- Cost competitiveness through extensive use of inland waterways-lower per-ton-kilometer cost vs. road and rail for bulk cargoes.
- Geographic positioning connecting industrial river basins to coastal ports and international shipping lanes, enabling integrated domestic-export logistics flows.
- Long-term demand anchoring from essential sectors (construction materials, power generation, heavy industry) that rely on continuous bulk flows.
- Cross-selling potential across service lines (e.g., combining transport with agency and crew services to raise customer retention and margin).
Implications for investors:
- One-off capital losses (¥1.8bn effect) may depress near-term earnings but can improve fleet age profile and reduce future operating risks.
- Diversified service mix and sector exposure provide defensive revenue streams during industrial cycles, while inland-waterway leverage is a structural cost advantage.
- Monitoring disclosure of disposal proceeds and subsidy amounts is critical to quantify net cash and balance-sheet effects.
For context on corporate direction and values that may shape long-term strategic execution, see: Mission Statement, Vision, & Core Values (2026) of Chang Jiang Shipping Group Phoenix Co.,Ltd.
Chang Jiang Shipping Group Phoenix Co.,Ltd (000520.SZ) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.