China Resources Land Ltd
China Resources Land Limited, an investment holding company, engages in the investment, development, management, and sale of properties in the People's Republic of China. The company operates through four segments: Development Property Business, Investment Property Business, Asset-light Management Business, and Eco-system Elementary Business. It engages in development and sale of residential prop… Read more
China Resources Land Ltd (CRBJF) - Net Assets
Latest net assets as of December 2024: $396.74 Billion USD
Based on the latest financial reports, China Resources Land Ltd (CRBJF) has net assets worth $396.74 Billion USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.13 Trillion) and total liabilities ($731.65 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $396.74 Billion |
| % of Total Assets | 35.16% |
| Annual Growth Rate | 13.61% |
| 5-Year Change | 59.82% |
| 10-Year Change | 199.45% |
| Growth Volatility | 25.58 |
China Resources Land Ltd - Net Assets Trend (1998–2024)
This chart illustrates how China Resources Land Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for China Resources Land Ltd (1998–2024)
The table below shows the annual net assets of China Resources Land Ltd from 1998 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $396.74 Billion | +3.28% |
| 2023-12-31 | $384.15 Billion | +16.55% |
| 2022-12-31 | $329.60 Billion | +15.98% |
| 2021-12-31 | $284.18 Billion | +14.47% |
| 2020-12-31 | $248.25 Billion | +15.36% |
| 2019-12-31 | $215.19 Billion | +28.33% |
| 2018-12-31 | $167.68 Billion | -3.16% |
| 2017-12-31 | $173.15 Billion | +24.43% |
| 2016-12-31 | $139.16 Billion | +5.04% |
| 2015-12-31 | $132.49 Billion | +54.67% |
| 2014-12-31 | $85.66 Billion | +17.13% |
| 2013-12-31 | $73.13 Billion | +18.72% |
| 2012-12-31 | $61.60 Billion | +14.69% |
| 2011-12-31 | $53.71 Billion | +27.54% |
| 2010-12-31 | $42.11 Billion | +22.64% |
| 2009-12-31 | $34.34 Billion | +7.91% |
| 2008-12-31 | $31.82 Billion | +43.86% |
| 2007-12-31 | $22.12 Billion | +88.01% |
| 2006-12-31 | $11.76 Billion | +35.68% |
| 2005-12-31 | $8.67 Billion | -60.48% |
| 2004-12-31 | $21.94 Billion | +18.93% |
| 2003-12-31 | $18.45 Billion | +5.03% |
| 2002-12-31 | $17.56 Billion | +11.41% |
| 2001-12-31 | $15.77 Billion | +11.40% |
| 2000-12-31 | $14.15 Billion | -25.94% |
| 1999-12-31 | $19.11 Billion | +32.90% |
| 1998-12-31 | $14.38 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Resources Land 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 19546567700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $195.47 Billion | 71.73% |
| Common Stock | $673.83 Million | 0.25% |
| Other Components | $76.37 Billion | 28.02% |
| Total Equity | $272.51 Billion | 100.00% |
China Resources Land Ltd Competitors by Market Cap
The table below lists competitors of China Resources Land Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Interpublic Group of Companies Inc
NYSE:IPG
|
$8.88 Billion |
|
China National Nuclear Power
SHG:601985
|
$8.89 Billion |
|
Bunzl plc
PINK:BZLFF
|
$8.90 Billion |
|
Interconnection Electric SA ESP
OTCQX:IESFY
|
$8.90 Billion |
|
CGN Power
SHE:003816
|
$8.87 Billion |
|
Shanxi Xinghuacun Fen Wine Factory Co Ltd
SHG:600809
|
$8.87 Billion |
|
Phison Electronics
TWO:8299
|
$8.87 Billion |
|
InterDigital Inc
NASDAQ:IDCC
|
$8.87 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Resources Land Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 264,867,183,000 to 272,507,348,000, a change of 7,640,165,000 (2.9%).
- Net income of 25,577,359,000 contributed positively to equity growth.
- Dividend payments of 10,283,076,000 reduced retained earnings.
- Other comprehensive income decreased equity by 290,648,422,396.
- Other factors increased equity by 282,994,304,396.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $25.58 Billion | +9.39% |
| Dividends Paid | $10.28 Billion | -3.77% |
| Other Comprehensive Income | $-290.65 Billion | -106.66% |
| Other Changes | $282.99 Billion | +103.85% |
| Total Change | $- | 2.88% |
Book Value vs Market Value Analysis
This analysis compares China Resources Land 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: 0.08x
- 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.
- The price-to-book ratio has decreased from 0.50x to 0.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $6.13 | $3.08 | x |
| 1999-12-31 | $8.19 | $3.08 | x |
| 2000-12-31 | $5.56 | $3.08 | x |
| 2001-12-31 | $6.23 | $3.08 | x |
| 2002-12-31 | $6.72 | $3.08 | x |
| 2003-12-31 | $6.80 | $3.08 | x |
| 2004-12-31 | $11.15 | $3.08 | x |
| 2005-12-31 | $5.50 | $3.08 | x |
| 2006-12-31 | $3.73 | $3.08 | x |
| 2007-12-31 | $6.06 | $3.08 | x |
| 2008-12-31 | $6.80 | $3.08 | x |
| 2009-12-31 | $6.78 | $3.08 | x |
| 2010-12-31 | $8.33 | $3.08 | x |
| 2011-12-31 | $8.91 | $3.08 | x |
| 2012-12-31 | $9.56 | $3.08 | x |
| 2013-12-31 | $11.35 | $3.08 | x |
| 2014-12-31 | $11.81 | $3.08 | x |
| 2015-12-31 | $17.09 | $3.08 | x |
| 2016-12-31 | $16.80 | $3.08 | x |
| 2017-12-31 | $20.74 | $3.08 | x |
| 2018-12-31 | $19.05 | $3.08 | x |
| 2019-12-31 | $23.84 | $3.08 | x |
| 2020-12-31 | $27.43 | $3.08 | x |
| 2021-12-31 | $30.68 | $3.08 | x |
| 2022-12-31 | $32.72 | $3.08 | x |
| 2023-12-31 | $37.14 | $3.08 | x |
| 2024-12-31 | $38.21 | $3.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Resources Land 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): 9.39%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.17%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 4.14x
- Recent ROE (9.39%) is below the historical average (12.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 13.94% | 23.17% | 0.25x | 2.39x | $383.24 Million |
| 1999 | 10.27% | 11.18% | 0.49x | 1.88x | $40.91 Million |
| 2000 | 15.84% | 9.86% | 0.66x | 2.43x | $647.29 Million |
| 2001 | 10.05% | 4.98% | 0.91x | 2.23x | $6.44 Million |
| 2002 | 10.56% | 4.87% | 1.02x | 2.12x | $78.82 Million |
| 2003 | 10.83% | 4.20% | 1.11x | 2.33x | $118.27 Million |
| 2004 | 10.16% | 3.41% | 1.20x | 2.49x | $26.73 Million |
| 2005 | 4.62% | 14.20% | 0.15x | 2.13x | $-466.83 Million |
| 2006 | 7.32% | 21.81% | 0.15x | 2.28x | $-315.49 Million |
| 2007 | 6.06% | 25.19% | 0.12x | 2.01x | $-871.32 Million |
| 2008 | 6.03% | 22.31% | 0.13x | 2.09x | $-1.18 Billion |
| 2009 | 11.66% | 26.56% | 0.17x | 2.55x | $552.84 Million |
| 2010 | 12.20% | 23.42% | 0.20x | 2.54x | $924.67 Million |
| 2011 | 13.38% | 22.55% | 0.20x | 2.99x | $1.65 Billion |
| 2012 | 15.29% | 23.82% | 0.19x | 3.30x | $2.95 Billion |
| 2013 | 17.33% | 20.59% | 0.25x | 3.32x | $4.86 Billion |
| 2014 | 15.23% | 16.64% | 0.27x | 3.42x | $4.04 Billion |
| 2015 | 12.70% | 13.94% | 0.26x | 3.44x | $3.12 Billion |
| 2016 | 15.00% | 15.68% | 0.26x | 3.67x | $5.82 Billion |
| 2017 | 13.38% | 16.08% | 0.21x | 4.01x | $4.86 Billion |
| 2018 | 18.57% | 20.02% | 0.20x | 4.74x | $11.32 Billion |
| 2019 | 17.44% | 19.21% | 0.20x | 4.57x | $12.36 Billion |
| 2020 | 15.35% | 17.60% | 0.20x | 4.43x | $10.47 Billion |
| 2021 | 14.81% | 18.72% | 0.18x | 4.33x | $10.53 Billion |
| 2022 | 12.04% | 13.22% | 0.20x | 4.57x | $4.76 Billion |
| 2023 | 11.84% | 12.49% | 0.21x | 4.50x | $4.88 Billion |
| 2024 | 9.39% | 9.17% | 0.25x | 4.14x | $-1.67 Billion |
Industry Comparison
This section compares China Resources Land Ltd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $8,708,016,178
- Average return on equity (ROE) among peers: -18.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Resources Land Ltd (CRBJF) | $396.74 Billion | 13.94% | 1.84x | $8.88 Billion |
| Applied Development Holdings Limited (ADHLF) | $872.99 Million | -18.66% | 0.65x | $1.95 Million |
| Alset Ehome International Inc (AEI) | $29.20 Million | -17.09% | 0.67x | $7.53 Million |
| Autris (AUTR) | $-56.91K | 0.00% | 0.00x | $1.57K |
| AMREP Corporation (AXR) | $127.47 Million | 9.98% | 0.05x | $80.48 Million |
| Ayala Land Inc (AYAAF) | $50.75 Billion | 8.64% | 0.64x | $3.06 Billion |
| Bayport International Holdings Inc (BAYP) | $124.43K | -208.38% | 2.27x | $1.00 |
| Beijing North Star Company Limited (BEIJF) | $8.81 Billion | 5.10% | 1.91x | $161.03 Million |
| China Overseas Land Investment (CAOVY) | $25.08 Billion | 15.75% | 1.41x | $20.11 Billion |
| C C Land Holdings Limited (CCLHF) | $354.40 Million | 7.00% | 0.52x | $141.49 Million |
| Century Communities Inc (CCS) | $1.06 Billion | 10.64% | 1.35x | $1.45 Billion |