Shahe Industry Co Ltd
Shahe Industrial Co., Ltd. develops, operates, and manages real estate properties in China. It also leases properties. The company was founded in 1987 and is based in Shenzhen, China.
Shahe Industry Co Ltd (000014) - Net Assets
Latest net assets as of June 2025: CN¥1.66 Billion CNY
Based on the latest financial reports, Shahe Industry Co Ltd (000014) has net assets worth CN¥1.66 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.33 Billion) and total liabilities (CN¥669.93 Million). 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¥1.66 Billion |
| % of Total Assets | 71.2% |
| Annual Growth Rate | 15.33% |
| 5-Year Change | 75.66% |
| 10-Year Change | 116.76% |
| Growth Volatility | 94.44 |
Shahe Industry Co Ltd - Net Assets Trend (1991–2024)
This chart illustrates how Shahe Industry Co 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 Shahe Industry Co Ltd (1991–2024)
The table below shows the annual net assets of Shahe Industry Co Ltd from 1991 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.68 Billion | -2.06% |
| 2023-12-31 | CN¥1.71 Billion | +40.30% |
| 2022-12-31 | CN¥1.22 Billion | +22.72% |
| 2021-12-31 | CN¥993.60 Million | +4.18% |
| 2020-12-31 | CN¥953.77 Million | -0.22% |
| 2019-12-31 | CN¥955.92 Million | +0.60% |
| 2018-12-31 | CN¥950.25 Million | +18.76% |
| 2017-12-31 | CN¥800.15 Million | +0.70% |
| 2016-12-31 | CN¥794.59 Million | +2.80% |
| 2015-12-31 | CN¥772.94 Million | +6.85% |
| 2014-12-31 | CN¥723.36 Million | +9.01% |
| 2013-12-31 | CN¥663.54 Million | +4.76% |
| 2012-12-31 | CN¥633.37 Million | +4.54% |
| 2011-12-31 | CN¥605.85 Million | +8.23% |
| 2010-12-31 | CN¥559.79 Million | +11.00% |
| 2009-12-31 | CN¥504.31 Million | +17.94% |
| 2008-12-31 | CN¥427.59 Million | +16.43% |
| 2007-12-31 | CN¥367.24 Million | -2.65% |
| 2006-12-31 | CN¥377.25 Million | +7.28% |
| 2005-12-31 | CN¥351.64 Million | +20.65% |
| 2004-12-31 | CN¥291.46 Million | +11.97% |
| 2003-12-31 | CN¥260.31 Million | +12.95% |
| 2002-12-31 | CN¥230.46 Million | +20.07% |
| 2001-12-31 | CN¥191.94 Million | +391.00% |
| 2000-12-31 | CN¥39.09 Million | +6.71% |
| 1999-12-31 | CN¥36.63 Million | -79.45% |
| 1998-12-31 | CN¥178.26 Million | -26.25% |
| 1997-12-31 | CN¥241.70 Million | +0.54% |
| 1996-12-31 | CN¥240.39 Million | -31.02% |
| 1995-12-31 | CN¥348.51 Million | +28.96% |
| 1994-12-31 | CN¥270.25 Million | +18.67% |
| 1993-12-31 | CN¥227.73 Million | +281.14% |
| 1992-12-31 | CN¥59.75 Million | +294.30% |
| 1991-12-31 | CN¥15.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shahe Industry Co 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 108287026541.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.08 Billion | 66.70% |
| Other Components | CN¥540.68 Million | 33.30% |
| Total Equity | CN¥1.62 Billion | 100.00% |
Shahe Industry Co Ltd Competitors by Market Cap
The table below lists competitors of Shahe Industry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Topscore Fashion
SHG:603608
|
$312.39 Million |
|
Jiangxi Synergy Pharmaceutical Co Ltd
SHE:300636
|
$312.43 Million |
|
THE REAL BROKERAGE INC.
F:87M
|
$312.50 Million |
|
GP-Act III Acquisition Corp. Units
NASDAQ:GPATU
|
$312.51 Million |
|
Shandong Jinling Mining Co Ltd
SHE:000655
|
$312.23 Million |
|
Shenzhen New Nanshan Holding Group Co Ltd
SHE:002314
|
$312.21 Million |
|
Peugeot Invest SA
PA:PEUG
|
$312.21 Million |
|
Brighton-Best International Taiwan
TWO:8415
|
$312.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shahe Industry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,659,382,932 to 1,623,547,168, a change of -35,835,764 (-2.2%).
- Net income of 16,446,211 contributed positively to equity growth.
- Dividend payments of 52,281,976 reduced retained earnings.
- Other comprehensive income decreased equity by 298,630,678.
- Other factors increased equity by 298,630,679.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥16.45 Million | +1.01% |
| Dividends Paid | CN¥52.28 Million | -3.22% |
| Other Comprehensive Income | CN¥-298.63 Million | -18.39% |
| Other Changes | CN¥298.63 Million | +18.39% |
| Total Change | CN¥- | -2.16% |
Book Value vs Market Value Analysis
This analysis compares Shahe Industry Co 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: 2.14x
- 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 189.62x to 2.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-12-31 | CN¥0.08 | CN¥14.35 | x |
| 1992-12-31 | CN¥0.30 | CN¥14.35 | x |
| 1993-12-31 | CN¥1.02 | CN¥14.35 | x |
| 1994-12-31 | CN¥1.11 | CN¥14.35 | x |
| 1995-12-31 | CN¥1.20 | CN¥14.35 | x |
| 1996-12-31 | CN¥0.94 | CN¥14.35 | x |
| 1997-12-31 | CN¥0.95 | CN¥14.35 | x |
| 1998-12-31 | CN¥0.60 | CN¥14.35 | x |
| 1999-12-31 | CN¥-0.06 | CN¥14.35 | x |
| 2000-12-31 | CN¥0.00 | CN¥14.35 | x |
| 2001-12-31 | CN¥0.96 | CN¥14.35 | x |
| 2002-12-31 | CN¥1.15 | CN¥14.35 | x |
| 2003-12-31 | CN¥1.30 | CN¥14.35 | x |
| 2004-12-31 | CN¥1.42 | CN¥14.35 | x |
| 2005-12-31 | CN¥1.57 | CN¥14.35 | x |
| 2006-12-31 | CN¥1.41 | CN¥14.35 | x |
| 2007-12-31 | CN¥1.42 | CN¥14.35 | x |
| 2008-12-31 | CN¥1.61 | CN¥14.35 | x |
| 2009-12-31 | CN¥1.92 | CN¥14.35 | x |
| 2010-12-31 | CN¥2.12 | CN¥14.35 | x |
| 2011-12-31 | CN¥2.32 | CN¥14.35 | x |
| 2012-12-31 | CN¥2.41 | CN¥14.35 | x |
| 2013-12-31 | CN¥2.51 | CN¥14.35 | x |
| 2014-12-31 | CN¥2.75 | CN¥14.35 | x |
| 2015-12-31 | CN¥2.95 | CN¥14.35 | x |
| 2016-12-31 | CN¥3.04 | CN¥14.35 | x |
| 2017-12-31 | CN¥3.06 | CN¥14.35 | x |
| 2018-12-31 | CN¥3.64 | CN¥14.35 | x |
| 2019-12-31 | CN¥3.68 | CN¥14.35 | x |
| 2020-12-31 | CN¥3.69 | CN¥14.35 | x |
| 2021-12-31 | CN¥3.83 | CN¥14.35 | x |
| 2022-12-31 | CN¥4.82 | CN¥14.35 | x |
| 2023-12-31 | CN¥6.86 | CN¥14.35 | x |
| 2024-12-31 | CN¥6.71 | CN¥14.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shahe Industry Co 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): 1.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.60%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.35x
- Recent ROE (1.01%) is above the historical average (-509.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 35.78% | 5.99% | 1.55x | 3.85x | CN¥3.91 Million |
| 1992 | 26.59% | 9.57% | 0.82x | 3.41x | CN¥9.91 Million |
| 1993 | 19.70% | 8.37% | 0.96x | 2.45x | CN¥19.83 Million |
| 1994 | 12.65% | 6.39% | 0.69x | 2.87x | CN¥5.87 Million |
| 1995 | 5.82% | 2.61% | 0.60x | 3.71x | CN¥-10.05 Million |
| 1996 | -27.24% | -16.36% | 0.54x | 3.10x | CN¥-70.12 Million |
| 1997 | 0.77% | 0.61% | 0.45x | 2.82x | CN¥-17.51 Million |
| 1998 | -59.19% | -46.71% | 0.27x | 4.64x | CN¥-82.48 Million |
| 1999 | 0.00% | -44.87% | 0.50x | 0.00x | CN¥-74.10 Million |
| 2000 | -17576.44% | -42.75% | 0.25x | 1632.31x | CN¥-33.44 Million |
| 2001 | 16.55% | 6.82% | 0.67x | 3.61x | CN¥12.57 Million |
| 2002 | 15.58% | 7.55% | 0.69x | 3.01x | CN¥12.86 Million |
| 2003 | 11.47% | 10.10% | 0.34x | 3.30x | CN¥3.82 Million |
| 2004 | 9.72% | 5.60% | 0.42x | 4.09x | CN¥-790.80K |
| 2005 | 10.04% | 7.19% | 0.44x | 3.19x | CN¥129.34K |
| 2006 | 9.07% | 9.27% | 0.33x | 3.01x | CN¥-3.18 Million |
| 2007 | 0.54% | 1.01% | 0.17x | 3.22x | CN¥-32.51 Million |
| 2008 | 11.16% | 13.96% | 0.19x | 4.27x | CN¥4.51 Million |
| 2009 | 17.26% | 11.56% | 0.40x | 3.74x | CN¥33.75 Million |
| 2010 | 13.76% | 9.60% | 0.46x | 3.10x | CN¥19.28 Million |
| 2011 | 9.69% | 13.58% | 0.22x | 3.22x | CN¥-1.75 Million |
| 2012 | 4.78% | 6.64% | 0.21x | 3.46x | CN¥-30.48 Million |
| 2013 | 4.73% | 5.10% | 0.30x | 3.11x | CN¥-32.06 Million |
| 2014 | 9.13% | 11.88% | 0.23x | 3.36x | CN¥-5.81 Million |
| 2015 | 7.41% | 12.82% | 0.19x | 3.04x | CN¥-18.54 Million |
| 2016 | 3.88% | 4.61% | 0.33x | 2.55x | CN¥-45.02 Million |
| 2017 | 1.03% | 1.49% | 0.34x | 2.06x | CN¥-66.45 Million |
| 2018 | 16.50% | 40.79% | 0.19x | 2.17x | CN¥57.52 Million |
| 2019 | 3.61% | 7.33% | 0.22x | 2.21x | CN¥-56.98 Million |
| 2020 | 1.02% | 2.63% | 0.14x | 2.72x | CN¥-80.29 Million |
| 2021 | 5.28% | 7.63% | 0.25x | 2.74x | CN¥-43.82 Million |
| 2022 | 21.32% | 32.57% | 0.26x | 2.56x | CN¥132.01 Million |
| 2023 | 31.44% | 37.56% | 0.55x | 1.51x | CN¥355.83 Million |
| 2024 | 1.01% | 4.60% | 0.16x | 1.35x | CN¥-145.91 Million |
Industry Comparison
This section compares Shahe Industry Co 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: $11,022,718,172
- Average return on equity (ROE) among peers: 5.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shahe Industry Co Ltd (000014) | CN¥1.66 Billion | 35.78% | 0.40x | $312.36 Million |
| China Vanke Co Ltd Class A (000002) | $2.15 Billion | 10.68% | 1.09x | $5.28 Billion |
| Shenzhen Zhenye Group Co Ltd (000006) | $2.89 Billion | 15.02% | 1.88x | $1.04 Billion |
| Grandjoy Holdings Group Co Ltd (000031) | $52.09 Billion | 0.21% | 3.08x | $571.80 Million |
| China Union Holdings Ltd (000036) | $2.68 Billion | 2.58% | 1.41x | $356.29 Million |
| Shenzhen Centralcon Investment Holding Co Ltd (000042) | $1.74 Billion | 0.39% | 2.19x | $315.70 Million |
| Shenzhen Wongtee International Enterprise Co Ltd (000056) | $5.55 Billion | 0.90% | 1.24x | $213.53 Million |
| Financial Street Holdings Co Ltd (000402) | $31.13 Billion | 9.01% | 2.62x | $785.44 Million |
| Chongqing Yukaifa Co Ltd (000514) | $147.43 Million | 10.06% | 0.84x | $208.71 Million |
| Rongan Property Co Ltd (000517) | $819.92 Million | 2.19% | 0.80x | $214.19 Million |