Changan Minsheng Logistics Co Ltd Class H

Changan Minsheng Logistics Co Ltd Class H

HHKEX:1292
1.75
HKD
+0.01
(+0.29%)
441.14MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
28.67
32.98
37.37
42.1
40.81
31.55
26.79
28.91
37.15
47.64
49.17
55.31
58.81
- -
Basic EPS, GAAP
1.28
1.37
1.47
0.7
0.79
0.28
-0.35
- -
0.18
0.24
0.35
0.37
0.25
- -
Free Cash Flow per Basic Share
0.92
2.43
-1.07
2.63
0.99
-0.42
-1.37
0.8
-0.14
-1.02
0.16
1.76
- -
- -
Dividend per Share
0.3
0.25
0.27
- -
0.1
0.15
0.1
- -
- -
0.05
- -
- -
- -
- -
Book Value per Share
8.28
9.4
6.38
6.83
12.04
7.32
11.83
11.84
12.04
12.25
12.44
12.63
10.58
10.7
Tangible Book Value per Share
7.13
8
5.48
5.68
10.13
6.14
9.9
10.01
10.03
10.53
10.72
11.06
9.39
9.55
Basic Weighted Avg Shares
162
162
162
162
162
162
162
162
162
162
162
162
162
202
Sales/Revenue/Turnover
4,646
5,344
6,056
6,822
6,614
5,112
4,342
4,686
6,021
7,720
7,969
8,963
9,532
- -
Operating Margin (%)
5.51
5.43
6.14
3.16
3
1.49
-0.94
0.01
0.5
0.92
0.83
0.91
1.09
- -
Depreciation Expense
69
63
87
95
108
116
137
151
142
29
25
26
25
- -
Net Income, GAAP
208
222
238
113
127
46
-56
- -
29
38
56
60
40
- -
Effective Tax Rate (%)
18.78
20.16
21.52
25.95
26.33
34.75
- -
40.67
28.44
31.89
22.72
25.72
36.11
- -
Profit Margin (%)
4.47
4.15
3.93
1.66
1.92
0.9
-1.29
0.01
0.48
0.5
0.71
0.67
0.42
- -
Working Capital
911
906
988
978
1,135
992
862
877
948
1,017
940
950
1,054
1,103
LT Debt
- -
- -
- -
1
18
9
80
40
91
178
235
97
85
55
Total Equity
1,404
1,609
1,825
1,958
2,079
2,092
2,039
2,040
2,096
2,162
2,190
2,207
2,299
2,320
Return on Invested Capital (%)
15.04
14.46
16.42
8.58
7.57
2.61
- -
0.26
1.28
1.81
1.99
2.37
2.19
- -
Return on Capital (%)
14.64
13.22
12.41
4.62
4.59
1.27
- -
-0.43
1.01
1.4
2.29
2.09
1.14
- -
Return on Common Equity (%)
16.44
15.49
14.68
6.36
6.72
2.35
-2.88
0.02
1.51
1.95
2.82
2.95
1.92
- -

Capital Structure

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
545
777
520
LT Borrowings
- -
- -
- -
LT Finance Leases
91
85
55
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
202
202
202
Market Capitalization
551
699
382

Working Capital

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
3,961
4,355
3,835
Cash, Cash Equivalents & STI
1,080
672
512
Accounts Receivable, Net
1,469
1,779
1,412
Inventories
25
18
24
Total Current Liabilities
2,835
3,302
2,731
Payables & Accruals
- -
- -
- -
ST Debt
545
777
520
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.38%
2.42%
4.19%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
644.98%
1,375.11%
-32.88%
Sales/Revenue/Turnover
5.85%
15.75%
6.34%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
8,963
2025
- -
- -
9,532
2026
- -
- -
- -

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.37
2025
- -
- -
0.25
2026
- -
- -
- -

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Nianyong Wan
Full Time Employees
3,270
Sector
Transportation
Industry
Trucking
Address
144-151 Singga Commercial Centre Chongqing China
IPO Date
Feb 23, 2006
Website
camsl.com
Business
Changan Minsheng APLL Logistics Co., Ltd. is a China-based provider of supply chain management services for automobiles, automobile raw materials, components, and parts. The company offers finished vehicle transportation and related logistics services; automobile raw materials and components supply chain management services; tires assembly and after-sales logistics services; non-automobile commodities transportation services; sale of packaging materials; and tires processing services. Established in August 2001 as a joint venture among Changan Industry (Group) Co., Ltd., Minsheng Industrial (Group) Co., Ltd., and Singapore APL Logistics Ltd., it is headquartered in Hong Kong with primary operations in mainland China and subsidiaries including Changan Minsheng (Shanghai) Supply Chain Co., Ltd. as well as joint ventures such as Nanjing Changan Minsheng Zhujiu Logistics Co., Ltd. and Chongqing Changan Minsheng Dingjie Logistics Co., Ltd. Recent developments include announcements in December 2024 of framework agreements for connected transactions with partners like Changan Automobile and China Changan covering logistics and financial services; a corporate reorganization in June 2025 at the controlling shareholder level involving the demerger of China South Industries Group Co., Ltd.'s automobile business; and board changes effective November 28, 2025, with the appointment of Mr. Zuo Xinyu as an independent non-executive director and adjustments to board committees.