Grandjoy Holdings Group Co Ltd
Grandjoy Holdings Group Co., Ltd. engages in the real estate development, operation, and sale of residential and commercial properties in China and internationally. It offers residential, commercial properties, industrial properties, as well as hotel operations. The company was formerly known as COFCO Property Group Co., Ltd. and changed its name to Grandjoy Holdings Group Co., Ltd. in March 2019… Read more
Grandjoy Holdings Group Co Ltd (000031) - Net Assets
Latest net assets as of September 2025: CN¥41.16 Billion CNY
Based on the latest financial reports, Grandjoy Holdings Group Co Ltd (000031) has net assets worth CN¥41.16 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¥167.28 Billion) and total liabilities (CN¥126.11 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¥41.16 Billion |
| % of Total Assets | 24.61% |
| Annual Growth Rate | 21.0% |
| 5-Year Change | -8.96% |
| 10-Year Change | 274.84% |
| Growth Volatility | 76.83 |
Grandjoy Holdings Group Co Ltd - Net Assets Trend (1991–2024)
This chart illustrates how Grandjoy Holdings Group 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 Grandjoy Holdings Group Co Ltd (1991–2024)
The table below shows the annual net assets of Grandjoy Holdings Group Co Ltd from 1991 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥41.55 Billion | -9.85% |
| 2023-12-31 | CN¥46.10 Billion | -2.97% |
| 2022-12-31 | CN¥47.50 Billion | -8.81% |
| 2021-12-31 | CN¥52.09 Billion | +14.12% |
| 2020-12-31 | CN¥45.65 Billion | +7.30% |
| 2019-12-31 | CN¥42.54 Billion | +209.17% |
| 2018-12-31 | CN¥13.76 Billion | +17.16% |
| 2017-12-31 | CN¥11.74 Billion | +4.05% |
| 2016-12-31 | CN¥11.29 Billion | +1.82% |
| 2015-12-31 | CN¥11.09 Billion | +3.95% |
| 2014-12-31 | CN¥10.67 Billion | +18.89% |
| 2013-12-31 | CN¥8.97 Billion | +18.42% |
| 2012-12-31 | CN¥7.58 Billion | +6.42% |
| 2011-12-31 | CN¥7.12 Billion | +16.09% |
| 2010-12-31 | CN¥6.13 Billion | -5.13% |
| 2009-12-31 | CN¥6.46 Billion | +97.24% |
| 2008-12-31 | CN¥3.28 Billion | -10.38% |
| 2007-12-31 | CN¥3.66 Billion | +156.34% |
| 2006-12-31 | CN¥1.43 Billion | +10.16% |
| 2005-12-31 | CN¥1.29 Billion | +9.25% |
| 2004-12-31 | CN¥1.19 Billion | +0.21% |
| 2003-12-31 | CN¥1.18 Billion | +9.27% |
| 2002-12-31 | CN¥1.08 Billion | +3.54% |
| 2001-12-31 | CN¥1.05 Billion | +9.93% |
| 2000-12-31 | CN¥950.84 Million | -7.67% |
| 1999-12-31 | CN¥1.03 Billion | -17.40% |
| 1998-12-31 | CN¥1.25 Billion | -2.36% |
| 1997-12-31 | CN¥1.28 Billion | +17.68% |
| 1996-12-31 | CN¥1.09 Billion | +18.91% |
| 1995-12-31 | CN¥912.52 Million | -1.20% |
| 1994-12-31 | CN¥923.62 Million | +10.07% |
| 1993-12-31 | CN¥839.14 Million | +135.20% |
| 1992-12-31 | CN¥356.78 Million | +362.78% |
| 1991-12-31 | CN¥77.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Grandjoy Holdings 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 decreased by 12212.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥4.29 Billion | 40.45% |
| Other Comprehensive Income | CN¥600.16 Million | 5.66% |
| Other Components | CN¥8.57 Billion | 80.83% |
| Total Equity | CN¥10.60 Billion | 100.00% |
Grandjoy Holdings Group Co Ltd Competitors by Market Cap
The table below lists competitors of Grandjoy Holdings Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PT Indo Tambangraya Megah Tbk
F:3IB
|
$555.98 Million |
|
Longhorn Auto Co. Ltd. A
SHE:301488
|
$556.09 Million |
|
SÜSS MicroTec SE
PINK:SESMF
|
$556.12 Million |
|
Yulon Finance Corp
TW:9941
|
$556.13 Million |
|
Sunway Co Ltd
SHG:603333
|
$555.88 Million |
|
Winner Information Technology Co Inc
SHE:300609
|
$555.85 Million |
|
MultiChoice Group Limited
F:30R
|
$555.77 Million |
|
Shenzhen Urovo Technology Co Ltd
SHE:300531
|
$555.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grandjoy Holdings Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,842,730,757 to 10,595,810,000, a change of -3,246,920,757 (-23.5%).
- Net loss of 2,976,784,000 reduced equity.
- Dividend payments of 3,373,593,000 reduced retained earnings.
- Other comprehensive income increased equity by 600,159,000.
- Other factors increased equity by 2,503,297,243.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-2.98 Billion | -28.09% |
| Dividends Paid | CN¥3.37 Billion | -31.84% |
| Other Comprehensive Income | CN¥600.16 Million | +5.66% |
| Other Changes | CN¥2.50 Billion | +23.63% |
| Total Change | CN¥- | -23.46% |
Book Value vs Market Value Analysis
This analysis compares Grandjoy Holdings 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: 1.29x
- 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 66.96x to 1.29x 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¥0.05 | CN¥3.16 | x |
| 1992-12-31 | CN¥0.20 | CN¥3.16 | x |
| 1993-12-31 | CN¥0.52 | CN¥3.16 | x |
| 1994-12-31 | CN¥0.57 | CN¥3.16 | x |
| 1995-12-31 | CN¥0.56 | CN¥3.16 | x |
| 1996-12-31 | CN¥0.68 | CN¥3.16 | x |
| 1997-12-31 | CN¥0.80 | CN¥3.16 | x |
| 1998-12-31 | CN¥0.78 | CN¥3.16 | x |
| 1999-12-31 | CN¥0.63 | CN¥3.16 | x |
| 2000-12-31 | CN¥0.58 | CN¥3.16 | x |
| 2001-12-31 | CN¥0.62 | CN¥3.16 | x |
| 2002-12-31 | CN¥0.65 | CN¥3.16 | x |
| 2003-12-31 | CN¥0.71 | CN¥3.16 | x |
| 2004-12-31 | CN¥0.71 | CN¥3.16 | x |
| 2005-12-31 | CN¥0.79 | CN¥3.16 | x |
| 2006-12-31 | CN¥0.97 | CN¥3.16 | x |
| 2007-12-31 | CN¥2.22 | CN¥3.16 | x |
| 2008-12-31 | CN¥1.79 | CN¥3.16 | x |
| 2009-12-31 | CN¥3.33 | CN¥3.16 | x |
| 2010-12-31 | CN¥2.60 | CN¥3.16 | x |
| 2011-12-31 | CN¥2.43 | CN¥3.16 | x |
| 2012-12-31 | CN¥2.61 | CN¥3.16 | x |
| 2013-12-31 | CN¥2.93 | CN¥3.16 | x |
| 2014-12-31 | CN¥3.30 | CN¥3.16 | x |
| 2015-12-31 | CN¥3.31 | CN¥3.16 | x |
| 2016-12-31 | CN¥3.27 | CN¥3.16 | x |
| 2017-12-31 | CN¥3.65 | CN¥3.16 | x |
| 2018-12-31 | CN¥2.02 | CN¥3.16 | x |
| 2019-12-31 | CN¥4.94 | CN¥3.16 | x |
| 2020-12-31 | CN¥4.28 | CN¥3.16 | x |
| 2021-12-31 | CN¥4.39 | CN¥3.16 | x |
| 2022-12-31 | CN¥3.59 | CN¥3.16 | x |
| 2023-12-31 | CN¥3.21 | CN¥3.16 | x |
| 2024-12-31 | CN¥2.46 | CN¥3.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grandjoy Holdings 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): -28.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.32%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 16.85x
- Recent ROE (-28.09%) is below the historical average (7.44%), 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 | 47.96% | 29.24% | 0.40x | 4.11x | CN¥27.36 Million |
| 1992 | 22.21% | 39.26% | 0.20x | 2.81x | CN¥37.57 Million |
| 1993 | 11.63% | 32.53% | 0.23x | 1.59x | CN¥12.83 Million |
| 1994 | 11.94% | 32.52% | 0.25x | 1.46x | CN¥16.97 Million |
| 1995 | 11.79% | 27.05% | 0.25x | 1.72x | CN¥15.47 Million |
| 1996 | 13.57% | 33.65% | 0.24x | 1.71x | CN¥37.06 Million |
| 1997 | 1.52% | 4.40% | 0.22x | 1.57x | CN¥-103.67 Million |
| 1998 | 0.68% | 2.13% | 0.20x | 1.59x | CN¥-110.40 Million |
| 1999 | -12.35% | -38.39% | 0.19x | 1.71x | CN¥-216.67 Million |
| 2000 | 2.60% | 7.37% | 0.22x | 1.58x | CN¥-65.78 Million |
| 2001 | 6.17% | 18.71% | 0.19x | 1.73x | CN¥-36.30 Million |
| 2002 | 7.00% | 16.86% | 0.26x | 1.59x | CN¥-29.73 Million |
| 2003 | 7.86% | 25.73% | 0.19x | 1.58x | CN¥-23.11 Million |
| 2004 | 9.20% | 29.11% | 0.18x | 1.73x | CN¥-8.70 Million |
| 2005 | 9.34% | 30.93% | 0.19x | 1.57x | CN¥-8.03 Million |
| 2006 | 12.35% | 45.01% | 0.15x | 1.84x | CN¥31.44 Million |
| 2007 | 13.54% | 56.56% | 0.14x | 1.75x | CN¥121.78 Million |
| 2008 | 4.47% | 13.07% | 0.12x | 2.85x | CN¥-175.42 Million |
| 2009 | 6.29% | 18.55% | 0.15x | 2.24x | CN¥-220.04 Million |
| 2010 | 9.92% | 23.24% | 0.10x | 4.31x | CN¥-3.87 Million |
| 2011 | 9.46% | 7.62% | 0.17x | 7.31x | CN¥-24.29 Million |
| 2012 | 10.73% | 6.43% | 0.23x | 7.31x | CN¥34.80 Million |
| 2013 | 9.89% | 5.25% | 0.25x | 7.51x | CN¥-6.20 Million |
| 2014 | 10.00% | 6.62% | 0.20x | 7.74x | CN¥44.05K |
| 2015 | 10.86% | 4.73% | 0.25x | 9.25x | CN¥51.57 Million |
| 2016 | 12.22% | 4.00% | 0.29x | 10.40x | CN¥130.94 Million |
| 2017 | 14.26% | 6.73% | 0.19x | 11.42x | CN¥282.28 Million |
| 2018 | 26.25% | 9.31% | 0.24x | 11.60x | CN¥1.28 Billion |
| 2019 | 10.56% | 6.06% | 0.18x | 9.44x | CN¥108.24 Million |
| 2020 | -2.11% | -1.01% | 0.19x | 10.89x | CN¥-2.22 Billion |
| 2021 | 0.57% | 0.25% | 0.20x | 11.29x | CN¥-1.78 Billion |
| 2022 | -18.72% | -7.28% | 0.18x | 13.92x | CN¥-4.42 Billion |
| 2023 | -10.59% | -3.98% | 0.19x | 14.31x | CN¥-2.85 Billion |
| 2024 | -28.09% | -8.32% | 0.20x | 16.85x | CN¥-4.04 Billion |
Industry Comparison
This section compares Grandjoy Holdings Group 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: $2,617,687,607
- Average return on equity (ROE) among peers: 7.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grandjoy Holdings Group Co Ltd (000031) | CN¥41.16 Billion | 47.96% | 3.06x | $555.97 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 |
| Shenzhen Properties & Resources Development Group Ltd (000011) | $2.92 Billion | 21.32% | 0.85x | $294.24 Million |
| Shahe Industry Co Ltd (000014) | $993.60 Million | 4.93% | 1.56x | $312.36 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 |