Shenzhen Properties & Resources Development Group Ltd Net Assets

Latest as of March 2026: CN¥3.20 Billion CNY ≈ $468.35 Million USD

Shenzhen Properties & Resources Development Group Ltd net assets. Based on the latest financial reports, Shenzhen Properties & Resources Development Group Ltd (000011) has net assets worth CN¥3.20 Billion CNY (≈ $468.35 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥15.06 Billion ≈ $2.20 Billion USD) and total liabilities (CN¥11.86 Billion ≈ $1.74 Billion USD). 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. Also explore Shenzhen Properties & Resources Developm net asset momentum to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥3.20 Billion
% of Total Assets	21.25%
Annual Growth Rate	4.52%
5-Year Change	-28.62%
10-Year Change	34.13%
Growth Volatility	23.49

Net Assets of Shenzhen Properties & Resources Development Group Ltd (1992–2025)

Net assets of Shenzhen Properties & Resources Development Group Ltd from 1992 to 2025. This chart illustrates how Shenzhen Properties & Resources Development Group Ltd's net assets have evolved over time, based on quarterly financial data. See Shenzhen Properties & Resources Developm (000011) balance sheet quality index to measure how much of total assets are equity-financed.

Annual Net Assets for Shenzhen Properties & Resources Development Group Ltd (1992–2025)

The table below shows the annual net assets of Shenzhen Properties & Resources Development Group Ltd from 1992 to 2025. For live market cap and overall valuation, see 000011 stock market capitalisation.

Year	Net Assets	Change
2025-12-31	CN¥3.23 Billion ≈ $473.27 Million	+0.12%
2024-12-31	CN¥3.23 Billion ≈ $472.71 Million	-31.32%
2023-12-31	CN¥4.70 Billion ≈ $688.30 Million	+5.26%
2022-12-31	CN¥4.47 Billion ≈ $653.93 Million	-1.37%
2021-12-31	CN¥4.53 Billion ≈ $663.04 Million	+19.83%
2020-12-31	CN¥3.78 Billion ≈ $553.30 Million	+15.75%
2019-12-31	CN¥3.27 Billion ≈ $478.00 Million	-2.23%
2018-12-31	CN¥3.34 Billion ≈ $488.92 Million	+14.32%
2017-12-31	CN¥2.92 Billion ≈ $427.66 Million	+21.20%
2016-12-31	CN¥2.41 Billion ≈ $352.85 Million	+14.78%
2015-12-31	CN¥2.10 Billion ≈ $307.41 Million	+1.24%
2014-12-31	CN¥2.08 Billion ≈ $303.65 Million	+15.05%
2013-12-31	CN¥1.80 Billion ≈ $263.93 Million	+19.95%
2012-12-31	CN¥1.50 Billion ≈ $220.04 Million	+32.94%
2011-12-31	CN¥1.13 Billion ≈ $165.52 Million	+29.26%
2010-12-31	CN¥875.05 Million ≈ $128.05 Million	+32.12%
2009-12-31	CN¥662.30 Million ≈ $96.92 Million	+15.89%
2008-12-31	CN¥571.48 Million ≈ $83.63 Million	+0.83%
2007-12-31	CN¥566.75 Million ≈ $82.93 Million	-2.94%
2006-12-31	CN¥583.92 Million ≈ $85.45 Million	-8.93%
2005-12-31	CN¥641.16 Million ≈ $93.82 Million	+13.05%
2004-12-31	CN¥567.13 Million ≈ $82.99 Million	+19.59%
2003-12-31	CN¥474.22 Million ≈ $69.39 Million	+40.34%
2002-12-31	CN¥337.90 Million ≈ $49.45 Million	+9.20%
2001-12-31	CN¥309.44 Million ≈ $45.28 Million	+3.16%
2000-12-31	CN¥299.95 Million ≈ $43.89 Million	+46.43%
1999-12-31	CN¥204.84 Million ≈ $29.97 Million	-64.82%
1998-12-31	CN¥582.28 Million ≈ $85.21 Million	-35.27%
1997-12-31	CN¥899.55 Million ≈ $131.63 Million	-36.48%
1996-12-31	CN¥1.42 Billion ≈ $207.22 Million	-2.31%
1995-12-31	CN¥1.45 Billion ≈ $212.12 Million	+7.92%
1994-12-31	CN¥1.34 Billion ≈ $196.55 Million	+23.65%
1993-12-31	CN¥1.09 Billion ≈ $158.95 Million	+44.23%
1992-12-31	CN¥753.11 Million ≈ $110.20 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 1131.5% over the analyzed period, indicating profitable operations and earnings retention.

Shenzhen Properties & Resources Development Group Ltd Net Assets Breakdown (December 2025)

Shenzhen Properties & Resources Development Group Ltd net assets breakdown by equity component as of December 2025.

Component	Amount	Percentage
Retained Earnings	CN¥2.42 Billion	71.39%
Other Components	CN¥971.23 Million	28.61%
Total Equity	CN¥3.39 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
Van Phu - Invest Investment JSC VN:VPI	$719.87 Million
Coronation Fund Managers Ltd JSE:CML	$719.94 Million
Jiangmen iDear-Hanyu Electrical Joint-Stock Co Ltd SHE:300403	$720.02 Million
Beijing Join-Cheer Software Co Ltd SHE:002279	$720.42 Million
Bergman & Beving AB (publ) ST:BERG-B	$719.72 Million
Newsmax, Inc. NYSE:NMAX	$719.37 Million
Power HF Co Ltd SHG:605100	$719.27 Million
Hubei Tech Semiconductors Co SHE:300046	$719.24 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 2024 to 2025, total equity changed from 3,361,683,000 to 3,394,933,772, a change of 33,250,772 (1.0%).
Net income of 33,885,111 contributed positively to equity growth.
Dividend payments of 238,500,697 reduced retained earnings.
Other comprehensive income decreased equity by 203,713,177.
Other factors increased equity by 441,579,535.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥33.89 Million	+1.0%
Dividends Paid	CN¥238.50 Million	-7.03%
Other Comprehensive Income	CN¥-203.71 Million	-6.0%
Other Changes	CN¥441.58 Million	+13.01%
Total Change	CN¥-	0.99%

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: 1.63x
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 7.60x to 1.63x 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¥9.31	x
1993-12-31	CN¥1.77	CN¥9.31	x
1994-12-31	CN¥2.12	CN¥9.31	x
1995-12-31	CN¥2.28	CN¥9.31	x
1996-12-31	CN¥2.30	CN¥9.31	x
1997-12-31	CN¥1.44	CN¥9.31	x
1998-12-31	CN¥0.92	CN¥9.31	x
1999-12-31	CN¥0.28	CN¥9.31	x
2000-12-31	CN¥0.44	CN¥9.31	x
2001-12-31	CN¥0.48	CN¥9.31	x
2002-12-31	CN¥0.57	CN¥9.31	x
2003-12-31	CN¥0.80	CN¥9.31	x
2004-12-31	CN¥0.95	CN¥9.31	x
2005-12-31	CN¥1.08	CN¥9.31	x
2006-12-31	CN¥0.98	CN¥9.31	x
2007-12-31	CN¥0.95	CN¥9.31	x
2008-12-31	CN¥0.96	CN¥9.31	x
2009-12-31	CN¥1.11	CN¥9.31	x
2010-12-31	CN¥1.45	CN¥9.31	x
2011-12-31	CN¥1.90	CN¥9.31	x
2012-12-31	CN¥2.52	CN¥9.31	x
2013-12-31	CN¥3.03	CN¥9.31	x
2014-12-31	CN¥3.48	CN¥9.31	x
2015-12-31	CN¥3.52	CN¥9.31	x
2016-12-31	CN¥4.04	CN¥9.31	x
2017-12-31	CN¥4.90	CN¥9.31	x
2018-12-31	CN¥5.60	CN¥9.31	x
2019-12-31	CN¥5.28	CN¥9.31	x
2020-12-31	CN¥6.26	CN¥9.31	x
2021-12-31	CN¥7.53	CN¥9.31	x
2022-12-31	CN¥7.40	CN¥9.31	x
2023-12-31	CN¥7.82	CN¥9.31	x
2024-12-31	CN¥5.64	CN¥9.31	x
2025-12-31	CN¥5.70	CN¥9.31	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): 1.00%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.42%
• Asset Turnover: 0.15x
• Equity Multiplier: 4.54x
Recent ROE (1.00%) is below the historical average (11.45%), 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
2025	1.00%	1.42%	0.15x	4.54x	CN¥-305.61 Million

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: $8,733,282,567
Average return on equity (ROE) among peers: 5.34%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shenzhen Properties & Resources Development Group Ltd (000011)	CN¥3.20 Billion	21.96%	3.70x	$719.83 Million
China Vanke Co Ltd Class A (000002)	$67.83 Billion	14.19%	3.37x	$4.57 Billion
Shenzhen Zhenye Group Co Ltd (000006)	$1.26 Billion	9.32%	2.00x	$1.16 Billion
Shahe Industry Co Ltd (000014)	$1.68 Billion	0.98%	0.31x	$309.92 Million
Grandjoy Holdings Group Co Ltd (000031)	$912.52 Million	11.14%	0.63x	$1.32 Billion
China Union Holdings Ltd (000036)	$851.41 Million	8.49%	0.71x	$663.52 Million
Shenzhen Centralcon Investment Holding Co Ltd (000042)	$2.38 Billion	15.18%	1.85x	$610.95 Million
Shenzhen Wongtee International Enterprise Co Ltd (000056)	$148.63 Million	-17.15%	6.58x	$263.90 Million
Financial Street Holdings Co Ltd (000402)	$167.24 Million	2.28%	0.98x	$957.85 Million
Chongqing Yukaifa Co Ltd (000514)	$3.36 Billion	3.65%	0.96x	$465.48 Million

About Shenzhen Properties & Resources Development Group Ltd

SHE:000011 China Real Estate - Development

Market Cap

$719.83 Million

CN¥4.92 Billion CNY

Market Cap Rank

#10038 Global

#2569 in China

Share Price

CN¥9.31

Change (1 day)

-4.12%

52-Week Range

CN¥6.23 - CN¥12.59

All Time High

CN¥26.05