ShenZhen Special Economic Zone Real Estate & Properties Group Co Ltd (000029) - Net Assets

Latest as of September 2025: CN¥3.55 Billion CNY ≈ $518.92 Million USD

Based on the latest financial reports, ShenZhen Special Economic Zone Real Estate & Properties Group Co Ltd (000029) has net assets worth CN¥3.55 Billion CNY (≈ $518.92 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥5.21 Billion ≈ $762.48 Million USD) and total liabilities (CN¥1.66 Billion ≈ $243.56 Million 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. Check ShenZhen Special Economic Zone Real Esta liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥3.55 Billion
% of Total Assets	68.06%
Annual Growth Rate	6.77%
5-Year Change	-7.16%
10-Year Change	54.09%
Growth Volatility	31.85

ShenZhen Special Economic Zone Real Estate & Properties Group Co Ltd - Net Assets Trend (1991–2024)

This chart illustrates how ShenZhen Special Economic Zone Real Estate & Properties Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore ShenZhen Special Economic Zone Real Esta total assets for the complete picture of this company's asset base.

Annual Net Assets for ShenZhen Special Economic Zone Real Estate & Properties Group Co Ltd (1991–2024)

The table below shows the annual net assets of ShenZhen Special Economic Zone Real Estate & Properties Group Co Ltd from 1991 to 2024. For live valuation and market cap data, see 000029 market cap overview.

Year	Net Assets	Change
2024-12-31	CN¥3.40 Billion ≈ $496.85 Million	-10.08%
2023-12-31	CN¥3.78 Billion ≈ $552.57 Million	-11.91%
2022-12-31	CN¥4.29 Billion ≈ $627.26 Million	+1.40%
2021-12-31	CN¥4.23 Billion ≈ $618.59 Million	+15.59%
2020-12-31	CN¥3.66 Billion ≈ $535.15 Million	+3.75%
2019-12-31	CN¥3.52 Billion ≈ $515.82 Million	+10.13%
2018-12-31	CN¥3.20 Billion ≈ $468.37 Million	+18.54%
2017-12-31	CN¥2.70 Billion ≈ $395.10 Million	+7.32%
2016-12-31	CN¥2.52 Billion ≈ $368.17 Million	+14.18%
2015-12-31	CN¥2.20 Billion ≈ $322.43 Million	+8.38%
2014-12-31	CN¥2.03 Billion ≈ $297.51 Million	+17.18%
2013-12-31	CN¥1.74 Billion ≈ $253.89 Million	+15.12%
2012-12-31	CN¥1.51 Billion ≈ $220.54 Million	+7.63%
2011-12-31	CN¥1.40 Billion ≈ $204.91 Million	+7.73%
2010-12-31	CN¥1.30 Billion ≈ $190.20 Million	+6.92%
2009-12-31	CN¥1.22 Billion ≈ $177.88 Million	+1.55%
2008-12-31	CN¥1.20 Billion ≈ $175.18 Million	+1.33%
2007-12-31	CN¥1.18 Billion ≈ $172.87 Million	+9.74%
2006-12-31	CN¥1.08 Billion ≈ $157.53 Million	+3.63%
2005-12-31	CN¥1.04 Billion ≈ $152.01 Million	+5.21%
2004-12-31	CN¥987.39 Million ≈ $144.49 Million	-12.74%
2003-12-31	CN¥1.13 Billion ≈ $165.58 Million	+10.19%
2002-12-31	CN¥1.03 Billion ≈ $150.27 Million	+1.33%
2001-12-31	CN¥1.01 Billion ≈ $148.30 Million	-34.58%
2000-12-31	CN¥1.55 Billion ≈ $226.70 Million	+3.16%
1999-12-31	CN¥1.50 Billion ≈ $219.76 Million	+5.69%
1998-12-31	CN¥1.42 Billion ≈ $207.93 Million	-43.13%
1997-12-31	CN¥2.50 Billion ≈ $365.59 Million	+2.04%
1996-12-31	CN¥2.45 Billion ≈ $358.29 Million	-0.60%
1995-12-31	CN¥2.46 Billion ≈ $360.46 Million	+7.36%
1994-12-31	CN¥2.29 Billion ≈ $335.75 Million	+16.11%
1993-12-31	CN¥1.98 Billion ≈ $289.16 Million	+121.86%
1992-12-31	CN¥890.67 Million ≈ $130.33 Million	+127.66%
1991-12-31	CN¥391.23 Million ≈ $57.25 Million	--

Equity Component Analysis

This analysis shows how different components contribute to ShenZhen Special Economic Zone Real Estate & Properties Group 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 508.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥1.22 Billion	34.85%
Common Stock	CN¥1.01 Billion	28.80%
Other Comprehensive Income	CN¥719.13 Million	20.48%
Other Components	CN¥557.43 Million	15.87%
Total Equity	CN¥3.51 Billion	100.00%

ShenZhen Special Economic Zone Real Estate & Properties Group Co Ltd Competitors by Market Cap

The table below lists competitors of ShenZhen Special Economic Zone Real Estate & Properties Group Co Ltd ranked by their market capitalization.

Company	Market Cap
Aura Minerals Inc TO:ORA	$2.78 Billion
Hainan Strait Shipping Co Ltd SHE:002320	$2.78 Billion
BlackBerry Ltd TO:BB	$2.78 Billion
BREVILLE GROUP LTD F:HDE	$2.78 Billion
Rush Street Interactive Inc NYSE:RSI	$2.77 Billion
Mivne Real Estate KD Ltd TA:MVNE	$2.77 Billion
Four Corners Property Trust Inc NYSE:FCPT	$2.77 Billion
Centrais Elétricas Brasileiras S.A. - Eletrobrás NYSE:EBR-B	$2.77 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in ShenZhen Special Economic Zone Real Estate & Properties Group Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 3,691,082,484 to 3,512,112,493, a change of -178,969,991 (-4.8%).
Net loss of 176,710,947 reduced equity.
Dividend payments of 5,251,186 reduced retained earnings.
Other comprehensive income increased equity by 272,994,687.
Other factors decreased equity by 270,002,545.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥-176.71 Million	-5.03%
Dividends Paid	CN¥5.25 Million	-0.15%
Other Comprehensive Income	CN¥272.99 Million	+7.77%
Other Changes	CN¥-270.00 Million	-7.69%
Total Change	CN¥-	-4.85%

Book Value vs Market Value Analysis

This analysis compares ShenZhen Special Economic Zone Real Estate & Properties Group 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: 6.12x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 54.97x to 6.12x 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¥0.39	CN¥21.26	x
1992-12-31	CN¥0.88	CN¥21.26	x
1993-12-31	CN¥1.95	CN¥21.26	x
1994-12-31	CN¥2.24	CN¥21.26	x
1995-12-31	CN¥2.38	CN¥21.26	x
1996-12-31	CN¥2.38	CN¥21.26	x
1997-12-31	CN¥2.46	CN¥21.26	x
1998-12-31	CN¥1.40	CN¥21.26	x
1999-12-31	CN¥1.50	CN¥21.26	x
2000-12-31	CN¥1.58	CN¥21.26	x
2001-12-31	CN¥1.01	CN¥21.26	x
2002-12-31	CN¥1.02	CN¥21.26	x
2003-12-31	CN¥1.13	CN¥21.26	x
2004-12-31	CN¥0.99	CN¥21.26	x
2005-12-31	CN¥1.05	CN¥21.26	x
2006-12-31	CN¥1.08	CN¥21.26	x
2007-12-31	CN¥1.18	CN¥21.26	x
2008-12-31	CN¥1.19	CN¥21.26	x
2009-12-31	CN¥1.22	CN¥21.26	x
2010-12-31	CN¥1.41	CN¥21.26	x
2011-12-31	CN¥1.51	CN¥21.26	x
2012-12-31	CN¥1.62	CN¥21.26	x
2013-12-31	CN¥1.84	CN¥21.26	x
2014-12-31	CN¥2.14	CN¥21.26	x
2015-12-31	CN¥2.31	CN¥21.26	x
2016-12-31	CN¥2.61	CN¥21.26	x
2017-12-31	CN¥2.80	CN¥21.26	x
2018-12-31	CN¥3.29	CN¥21.26	x
2019-12-31	CN¥3.62	CN¥21.26	x
2020-12-31	CN¥3.75	CN¥21.26	x
2021-12-31	CN¥3.89	CN¥21.26	x
2022-12-31	CN¥3.96	CN¥21.26	x
2023-12-31	CN¥3.65	CN¥21.26	x
2024-12-31	CN¥3.47	CN¥21.26	x

Capital Efficiency Dashboard

This dashboard shows how efficiently ShenZhen Special Economic Zone Real Estate & Properties Group 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): -5.03%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -43.42%
• Asset Turnover: 0.07x
• Equity Multiplier: 1.70x
Recent ROE (-5.03%) is below the historical average (3.03%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1991	36.52%	47.74%	0.22x	3.42x	CN¥103.65 Million
1992	14.41%	43.41%	0.11x	2.99x	CN¥39.05 Million
1993	17.30%	38.16%	0.21x	2.12x	CN¥143.99 Million
1994	19.81%	28.72%	0.30x	2.26x	CN¥222.31 Million
1995	16.30%	32.96%	0.19x	2.67x	CN¥151.61 Million
1996	0.07%	0.22%	0.12x	2.63x	CN¥-238.64 Million
1997	4.22%	8.86%	0.19x	2.45x	CN¥-144.07 Million
1998	-73.80%	-142.34%	0.15x	3.45x	CN¥-1.19 Billion
1999	6.71%	12.02%	0.20x	2.80x	CN¥-49.95 Million
2000	4.78%	8.98%	0.21x	2.57x	CN¥-83.61 Million
2001	-52.72%	-87.19%	0.18x	3.41x	CN¥-639.19 Million
2002	1.36%	1.88%	0.25x	2.90x	CN¥-89.26 Million
2003	1.00%	1.18%	0.35x	2.41x	CN¥-102.59 Million
2004	-14.20%	-24.94%	0.23x	2.51x	CN¥-242.51 Million
2005	1.14%	1.42%	0.37x	2.16x	CN¥-93.60 Million
2006	1.76%	1.94%	0.41x	2.19x	CN¥-90.14 Million
2007	3.28%	4.62%	0.37x	1.94x	CN¥-79.81 Million
2008	1.58%	2.71%	0.31x	1.88x	CN¥-101.71 Million
2009	1.65%	2.69%	0.22x	2.74x	CN¥-102.65 Million
2010	5.94%	8.30%	0.30x	2.37x	CN¥-58.03 Million
2011	6.62%	9.86%	0.32x	2.12x	CN¥-51.66 Million
2012	6.53%	10.37%	0.28x	2.27x	CN¥-56.72 Million
2013	12.25%	10.79%	0.50x	2.26x	CN¥41.93 Million
2014	13.79%	13.98%	0.49x	2.02x	CN¥81.88 Million
2015	12.91%	13.92%	0.52x	1.79x	CN¥67.96 Million
2016	11.78%	13.25%	0.62x	1.43x	CN¥47.18 Million
2017	6.54%	13.74%	0.34x	1.41x	CN¥-97.84 Million
2018	15.11%	23.15%	0.47x	1.40x	CN¥170.27 Million
2019	15.07%	21.68%	0.52x	1.34x	CN¥185.76 Million
2020	7.64%	17.97%	0.33x	1.30x	CN¥-89.52 Million
2021	5.61%	16.72%	0.21x	1.57x	CN¥-172.99 Million
2022	3.84%	24.23%	0.11x	1.42x	CN¥-246.71 Million
2023	-6.80%	-47.25%	0.08x	1.76x	CN¥-619.95 Million
2024	-5.03%	-43.42%	0.07x	1.70x	CN¥-527.92 Million

Industry Comparison

This section compares ShenZhen Special Economic Zone Real Estate & Properties Group Co Ltd's net assets metrics with peer companies in the Real Estate - Diversified industry.

Industry Context

Industry: Real Estate - Diversified
Average net assets among peers: $967,967,793
Average return on equity (ROE) among peers: 10.01%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
ShenZhen Special Economic Zone Real Estate & Properties Group Co Ltd (000029)	CN¥3.55 Billion	36.52%	0.47x	$2.77 Billion
Fujian Sanmu Group Co Ltd (000632)	$1.95 Billion	1.61%	4.02x	$265.67 Million
Shenzhen New Nanshan Holding Group Co Ltd (002314)	$710.57 Million	21.71%	2.02x	$998.51 Million
Zhejiang China Commodities City Group Co Ltd (600415)	$325.77 Million	13.35%	3.67x	$10.63 Billion
Hainan HNA Infrastructure Investment Group Co Ltd (600515)	$473.22 Million	2.61%	1.22x	$6.04 Billion
Shanghai Tianchen Co Ltd (600620)	$790.75 Million	10.14%	0.09x	$554.66 Million
Everbright Jiabao Co Ltd (600622)	$1.56 Billion	10.66%	0.91x	$585.93 Million

About ShenZhen Special Economic Zone Real Estate & Properties Group Co Ltd

SHE:000029 China Real Estate - Diversified

Market Cap

$2.77 Billion

CN¥18.96 Billion CNY

Market Cap Rank

#5177 Global

#1016 in China

Share Price

CN¥21.26

Change (1 day)

+1.48%

52-Week Range

CN¥15.92 - CN¥33.58

All Time High

CN¥33.58