Shenzhen Properties & Resources Development Group Ltd
ShenZhen Properties & Resources Development (Group) Ltd. develops real estate properties in the People's Republic of China. It operates through Real Estate Business; Property Management; and Leasing Business segments. The company is involved in the development and sale of commercial and residential housing; leasing of real estate properties; management and construction of buildings; rental of hou… Read more
Shenzhen Properties & Resources Development Group Ltd (000011) - Net Assets
Latest net assets as of September 2025: CN¥3.26 Billion CNY
Based on the latest financial reports, Shenzhen Properties & Resources Development Group Ltd (000011) has net assets worth CN¥3.26 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥15.30 Billion) and total liabilities (CN¥12.05 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 | CN¥3.26 Billion |
| % of Total Assets | 21.28% |
| Annual Growth Rate | 4.66% |
| 5-Year Change | -14.56% |
| 10-Year Change | 53.77% |
| Growth Volatility | 23.81 |
Shenzhen Properties & Resources Development Group Ltd - Net Assets Trend (1992–2024)
This chart illustrates how Shenzhen Properties & Resources Development Group 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 Shenzhen Properties & Resources Development Group Ltd (1992–2024)
The table below shows the annual net assets of Shenzhen Properties & Resources Development Group Ltd from 1992 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.23 Billion | -31.32% |
| 2023-12-31 | CN¥4.70 Billion | +5.26% |
| 2022-12-31 | CN¥4.47 Billion | -1.37% |
| 2021-12-31 | CN¥4.53 Billion | +19.83% |
| 2020-12-31 | CN¥3.78 Billion | +15.75% |
| 2019-12-31 | CN¥3.27 Billion | -2.23% |
| 2018-12-31 | CN¥3.34 Billion | +14.32% |
| 2017-12-31 | CN¥2.92 Billion | +21.20% |
| 2016-12-31 | CN¥2.41 Billion | +14.78% |
| 2015-12-31 | CN¥2.10 Billion | +1.24% |
| 2014-12-31 | CN¥2.08 Billion | +15.05% |
| 2013-12-31 | CN¥1.80 Billion | +19.95% |
| 2012-12-31 | CN¥1.50 Billion | +32.94% |
| 2011-12-31 | CN¥1.13 Billion | +29.26% |
| 2010-12-31 | CN¥875.05 Million | +32.12% |
| 2009-12-31 | CN¥662.30 Million | +15.89% |
| 2008-12-31 | CN¥571.48 Million | +0.83% |
| 2007-12-31 | CN¥566.75 Million | -2.94% |
| 2006-12-31 | CN¥583.92 Million | -8.93% |
| 2005-12-31 | CN¥641.16 Million | +13.05% |
| 2004-12-31 | CN¥567.13 Million | +19.59% |
| 2003-12-31 | CN¥474.22 Million | +40.34% |
| 2002-12-31 | CN¥337.90 Million | +9.20% |
| 2001-12-31 | CN¥309.44 Million | +3.16% |
| 2000-12-31 | CN¥299.95 Million | +46.43% |
| 1999-12-31 | CN¥204.84 Million | -64.82% |
| 1998-12-31 | CN¥582.28 Million | -35.27% |
| 1997-12-31 | CN¥899.55 Million | -36.48% |
| 1996-12-31 | CN¥1.42 Billion | -2.31% |
| 1995-12-31 | CN¥1.45 Billion | +7.92% |
| 1994-12-31 | CN¥1.34 Billion | +23.65% |
| 1993-12-31 | CN¥1.09 Billion | +44.23% |
| 1992-12-31 | CN¥753.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Properties & Resources Development Group 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 1201.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.56 Billion | 76.21% |
| Common Stock | CN¥595.98 Million | 17.73% |
| Other Comprehensive Income | CN¥203.71 Million | 6.06% |
| Total Equity | CN¥3.36 Billion | 100.00% |
Shenzhen Properties & Resources Development Group Ltd Competitors by Market Cap
The table below lists competitors of Shenzhen Properties & Resources Development Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kosy JSC
VN:KOS
|
$294.24 Million |
|
4iG Nyrt.
BUD:4IG
|
$294.25 Million |
|
FrontView REIT, Inc.
NYSE:FVR
|
$294.35 Million |
|
Semapa
LS:SEM
|
$294.38 Million |
|
Fondul Proprietatea SA
RO:FP
|
$294.18 Million |
|
Yunnan luoping Zinc & Electricity Co Ltd
SHE:002114
|
$294.10 Million |
|
Chongqing Gangjiu Co Ltd
SHG:600279
|
$294.02 Million |
|
The Hackett Group Inc
NASDAQ:HCKT
|
$293.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Properties & Resources Development Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,661,810,328 to 3,361,683,000, a change of -1,300,127,328 (-27.9%).
- Net loss of 1,114,765,000 reduced equity.
- Dividend payments of 387,056,000 reduced retained earnings.
- Other comprehensive income increased equity by 10,468,743.
- Other factors increased equity by 191,224,929.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-1.11 Billion | -33.16% |
| Dividends Paid | CN¥387.06 Million | -11.51% |
| Other Comprehensive Income | CN¥10.47 Million | +0.31% |
| Other Changes | CN¥191.22 Million | +5.69% |
| Total Change | CN¥- | -27.89% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Properties & Resources Development Group 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: 1.52x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.02x to 1.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-12-31 | CN¥1.22 | CN¥8.59 | x |
| 1993-12-31 | CN¥1.77 | CN¥8.59 | x |
| 1994-12-31 | CN¥2.12 | CN¥8.59 | x |
| 1995-12-31 | CN¥2.28 | CN¥8.59 | x |
| 1996-12-31 | CN¥2.30 | CN¥8.59 | x |
| 1997-12-31 | CN¥1.44 | CN¥8.59 | x |
| 1998-12-31 | CN¥0.92 | CN¥8.59 | x |
| 1999-12-31 | CN¥0.28 | CN¥8.59 | x |
| 2000-12-31 | CN¥0.44 | CN¥8.59 | x |
| 2001-12-31 | CN¥0.48 | CN¥8.59 | x |
| 2002-12-31 | CN¥0.57 | CN¥8.59 | x |
| 2003-12-31 | CN¥0.80 | CN¥8.59 | x |
| 2004-12-31 | CN¥0.95 | CN¥8.59 | x |
| 2005-12-31 | CN¥1.08 | CN¥8.59 | x |
| 2006-12-31 | CN¥0.98 | CN¥8.59 | x |
| 2007-12-31 | CN¥0.95 | CN¥8.59 | x |
| 2008-12-31 | CN¥0.96 | CN¥8.59 | x |
| 2009-12-31 | CN¥1.11 | CN¥8.59 | x |
| 2010-12-31 | CN¥1.45 | CN¥8.59 | x |
| 2011-12-31 | CN¥1.90 | CN¥8.59 | x |
| 2012-12-31 | CN¥2.52 | CN¥8.59 | x |
| 2013-12-31 | CN¥3.03 | CN¥8.59 | x |
| 2014-12-31 | CN¥3.48 | CN¥8.59 | x |
| 2015-12-31 | CN¥3.52 | CN¥8.59 | x |
| 2016-12-31 | CN¥4.04 | CN¥8.59 | x |
| 2017-12-31 | CN¥4.90 | CN¥8.59 | x |
| 2018-12-31 | CN¥5.60 | CN¥8.59 | x |
| 2019-12-31 | CN¥5.28 | CN¥8.59 | x |
| 2020-12-31 | CN¥6.26 | CN¥8.59 | x |
| 2021-12-31 | CN¥7.53 | CN¥8.59 | x |
| 2022-12-31 | CN¥7.40 | CN¥8.59 | x |
| 2023-12-31 | CN¥7.82 | CN¥8.59 | x |
| 2024-12-31 | CN¥5.64 | CN¥8.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Properties & Resources Development Group 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): -33.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -40.77%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 4.55x
- Recent ROE (-33.16%) is below the historical average (11.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 21.96% | 20.98% | 0.33x | 3.13x | CN¥87.32 Million |
| 1993 | 27.07% | 38.12% | 0.22x | 3.17x | CN¥180.13 Million |
| 1994 | 20.67% | 36.32% | 0.19x | 3.01x | CN¥134.59 Million |
| 1995 | 15.82% | 20.76% | 0.26x | 2.94x | CN¥79.08 Million |
| 1996 | 0.10% | 0.14% | 0.24x | 2.91x | CN¥-135.78 Million |
| 1997 | -59.95% | -73.05% | 0.23x | 3.51x | CN¥-601.66 Million |
| 1998 | 2.35% | 2.00% | 0.24x | 5.00x | CN¥-41.82 Million |
| 1999 | 25.67% | 7.82% | 0.23x | 14.19x | CN¥26.22 Million |
| 2000 | 20.33% | 8.16% | 0.25x | 10.09x | CN¥27.29 Million |
| 2001 | 30.22% | 8.46% | 0.42x | 8.57x | CN¥57.80 Million |
| 2002 | 10.25% | 4.43% | 0.30x | 7.72x | CN¥831.81K |
| 2003 | 16.24% | 7.13% | 0.44x | 5.14x | CN¥29.58 Million |
| 2004 | 15.95% | 6.82% | 0.58x | 4.06x | CN¥33.74 Million |
| 2005 | 12.93% | 8.60% | 0.54x | 2.80x | CN¥18.79 Million |
| 2006 | -7.89% | -14.76% | 0.19x | 2.82x | CN¥-104.45 Million |
| 2007 | -4.84% | -8.22% | 0.18x | 3.33x | CN¥-83.97 Million |
| 2008 | 1.72% | 1.58% | 0.30x | 3.70x | CN¥-47.23 Million |
| 2009 | 14.65% | 11.47% | 0.30x | 4.29x | CN¥30.79 Million |
| 2010 | 20.02% | 17.62% | 0.34x | 3.33x | CN¥87.58 Million |
| 2011 | 22.78% | 18.28% | 0.40x | 3.10x | CN¥144.44 Million |
| 2012 | 24.98% | 20.17% | 0.46x | 2.67x | CN¥225.14 Million |
| 2013 | 16.69% | 18.58% | 0.42x | 2.15x | CN¥120.56 Million |
| 2014 | 20.13% | 32.91% | 0.33x | 1.87x | CN¥210.07 Million |
| 2015 | 7.47% | 14.56% | 0.25x | 2.09x | CN¥-53.17 Million |
| 2016 | 14.72% | 17.23% | 0.31x | 2.76x | CN¥113.81 Million |
| 2017 | 21.32% | 21.45% | 0.54x | 1.85x | CN¥330.79 Million |
| 2018 | 17.76% | 21.27% | 0.48x | 1.74x | CN¥258.93 Million |
| 2019 | 25.98% | 20.64% | 0.37x | 3.42x | CN¥503.01 Million |
| 2020 | 21.42% | 19.46% | 0.34x | 3.27x | CN¥425.78 Million |
| 2021 | 22.86% | 22.83% | 0.31x | 3.25x | CN¥576.77 Million |
| 2022 | 12.18% | 14.49% | 0.23x | 3.58x | CN¥96.04 Million |
| 2023 | 9.95% | 15.65% | 0.17x | 3.64x | CN¥-2.17 Million |
| 2024 | -33.16% | -40.77% | 0.18x | 4.55x | CN¥-1.45 Billion |
Industry Comparison
This section compares Shenzhen Properties & Resources Development Group 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: $2,409,103,626
- Average return on equity (ROE) among peers: 5.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Properties & Resources Development Group Ltd (000011) | CN¥3.26 Billion | 21.96% | 3.70x | $294.24 Million |
| China Vanke Co Ltd Class A (000002) | $930.31 Million | 16.68% | 1.30x | $5.20 Billion |
| Shenzhen Zhenye Group Co Ltd (000006) | $1.14 Billion | 10.26% | 1.53x | $1.06 Billion |
| Shahe Industry Co Ltd (000014) | $993.60 Million | 4.93% | 1.56x | $312.36 Million |
| Grandjoy Holdings Group Co Ltd (000031) | $1.05 Billion | 5.59% | 0.57x | $555.97 Million |
| China Union Holdings Ltd (000036) | $5.95 Billion | 0.68% | 0.28x | $353.46 Million |
| Shenzhen Centralcon Investment Holding Co Ltd (000042) | $2.53 Billion | 12.62% | 1.83x | $312.04 Million |
| Financial Street Holdings Co Ltd (000402) | $2.48 Billion | 16.49% | 1.95x | $768.61 Million |
| Chongqing Yukaifa Co Ltd (000514) | $143.24 Million | 12.18% | 2.79x | $208.71 Million |
| Rongan Property Co Ltd (000517) | $6.47 Billion | -26.77% | 1.94x | $209.16 Million |