Grandjoy Holdings Group Co Ltd (000031) - Net Assets
Based on the latest financial reports, Grandjoy Holdings Group Co Ltd (000031) has net assets worth CN¥41.16 Billion CNY (≈ $6.02 Billion 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¥167.28 Billion ≈ $24.48 Billion USD) and total liabilities (CN¥126.11 Billion ≈ $18.45 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. Check 000031 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
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. See defensive interval ratio of Grandjoy Holdings Group Co Ltd to measure how many days the company can operate on defensive assets alone.
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. For live valuation and market cap data, see 000031 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥41.55 Billion ≈ $6.08 Billion |
-9.85% |
| 2023-12-31 | CN¥46.10 Billion ≈ $6.75 Billion |
-2.97% |
| 2022-12-31 | CN¥47.50 Billion ≈ $6.95 Billion |
-8.81% |
| 2021-12-31 | CN¥52.09 Billion ≈ $7.62 Billion |
+14.12% |
| 2020-12-31 | CN¥45.65 Billion ≈ $6.68 Billion |
+7.30% |
| 2019-12-31 | CN¥42.54 Billion ≈ $6.23 Billion |
+209.17% |
| 2018-12-31 | CN¥13.76 Billion ≈ $2.01 Billion |
+17.16% |
| 2017-12-31 | CN¥11.74 Billion ≈ $1.72 Billion |
+4.05% |
| 2016-12-31 | CN¥11.29 Billion ≈ $1.65 Billion |
+1.82% |
| 2015-12-31 | CN¥11.09 Billion ≈ $1.62 Billion |
+3.95% |
| 2014-12-31 | CN¥10.67 Billion ≈ $1.56 Billion |
+18.89% |
| 2013-12-31 | CN¥8.97 Billion ≈ $1.31 Billion |
+18.42% |
| 2012-12-31 | CN¥7.58 Billion ≈ $1.11 Billion |
+6.42% |
| 2011-12-31 | CN¥7.12 Billion ≈ $1.04 Billion |
+16.09% |
| 2010-12-31 | CN¥6.13 Billion ≈ $897.19 Million |
-5.13% |
| 2009-12-31 | CN¥6.46 Billion ≈ $945.74 Million |
+97.24% |
| 2008-12-31 | CN¥3.28 Billion ≈ $479.48 Million |
-10.38% |
| 2007-12-31 | CN¥3.66 Billion ≈ $535.00 Million |
+156.34% |
| 2006-12-31 | CN¥1.43 Billion ≈ $208.70 Million |
+10.16% |
| 2005-12-31 | CN¥1.29 Billion ≈ $189.46 Million |
+9.25% |
| 2004-12-31 | CN¥1.19 Billion ≈ $173.42 Million |
+0.21% |
| 2003-12-31 | CN¥1.18 Billion ≈ $173.06 Million |
+9.27% |
| 2002-12-31 | CN¥1.08 Billion ≈ $158.37 Million |
+3.54% |
| 2001-12-31 | CN¥1.05 Billion ≈ $152.96 Million |
+9.93% |
| 2000-12-31 | CN¥950.84 Million ≈ $139.14 Million |
-7.67% |
| 1999-12-31 | CN¥1.03 Billion ≈ $150.70 Million |
-17.40% |
| 1998-12-31 | CN¥1.25 Billion ≈ $182.44 Million |
-2.36% |
| 1997-12-31 | CN¥1.28 Billion ≈ $186.86 Million |
+17.68% |
| 1996-12-31 | CN¥1.09 Billion ≈ $158.79 Million |
+18.91% |
| 1995-12-31 | CN¥912.52 Million ≈ $133.53 Million |
-1.20% |
| 1994-12-31 | CN¥923.62 Million ≈ $135.15 Million |
+10.07% |
| 1993-12-31 | CN¥839.14 Million ≈ $122.79 Million |
+135.20% |
| 1992-12-31 | CN¥356.78 Million ≈ $52.21 Million |
+362.78% |
| 1991-12-31 | CN¥77.10 Million ≈ $11.28 Million |
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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 |
|---|---|
|
Shanxi Huaxiang Group Co Ltd
SHG:603112
|
$1.46 Billion |
|
Chagee Holdings Limited American Depositary Shares
NASDAQ:CHA
|
$1.46 Billion |
|
Changbai Mountain Tourism Co Ltd
SHG:603099
|
$1.46 Billion |
|
Sihui Fuji Electronics Technology Co Ltd
SHE:300852
|
$1.46 Billion |
|
Dongguan Development Holdings Co Ltd
SHE:000828
|
$1.46 Billion |
|
DXC Technology Co
NYSE:DXC
|
$1.46 Billion |
|
Uniqure NV
NASDAQ:QURE
|
$1.46 Billion |
|
eClerx Services Limited
NSE:ECLERX
|
$1.46 Billion |
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: 0.95x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 49.37x to 0.95x 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¥2.33 | x |
| 1992-12-31 | CN¥0.20 | CN¥2.33 | x |
| 1993-12-31 | CN¥0.52 | CN¥2.33 | x |
| 1994-12-31 | CN¥0.57 | CN¥2.33 | x |
| 1995-12-31 | CN¥0.56 | CN¥2.33 | x |
| 1996-12-31 | CN¥0.68 | CN¥2.33 | x |
| 1997-12-31 | CN¥0.80 | CN¥2.33 | x |
| 1998-12-31 | CN¥0.78 | CN¥2.33 | x |
| 1999-12-31 | CN¥0.63 | CN¥2.33 | x |
| 2000-12-31 | CN¥0.58 | CN¥2.33 | x |
| 2001-12-31 | CN¥0.62 | CN¥2.33 | x |
| 2002-12-31 | CN¥0.65 | CN¥2.33 | x |
| 2003-12-31 | CN¥0.71 | CN¥2.33 | x |
| 2004-12-31 | CN¥0.71 | CN¥2.33 | x |
| 2005-12-31 | CN¥0.79 | CN¥2.33 | x |
| 2006-12-31 | CN¥0.97 | CN¥2.33 | x |
| 2007-12-31 | CN¥2.22 | CN¥2.33 | x |
| 2008-12-31 | CN¥1.79 | CN¥2.33 | x |
| 2009-12-31 | CN¥3.33 | CN¥2.33 | x |
| 2010-12-31 | CN¥2.60 | CN¥2.33 | x |
| 2011-12-31 | CN¥2.43 | CN¥2.33 | x |
| 2012-12-31 | CN¥2.61 | CN¥2.33 | x |
| 2013-12-31 | CN¥2.93 | CN¥2.33 | x |
| 2014-12-31 | CN¥3.30 | CN¥2.33 | x |
| 2015-12-31 | CN¥3.31 | CN¥2.33 | x |
| 2016-12-31 | CN¥3.27 | CN¥2.33 | x |
| 2017-12-31 | CN¥3.65 | CN¥2.33 | x |
| 2018-12-31 | CN¥2.02 | CN¥2.33 | x |
| 2019-12-31 | CN¥4.94 | CN¥2.33 | x |
| 2020-12-31 | CN¥4.28 | CN¥2.33 | x |
| 2021-12-31 | CN¥4.39 | CN¥2.33 | x |
| 2022-12-31 | CN¥3.59 | CN¥2.33 | x |
| 2023-12-31 | CN¥3.21 | CN¥2.33 | x |
| 2024-12-31 | CN¥2.46 | CN¥2.33 | 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: $5,065,830,451
- Average return on equity (ROE) among peers: 9.16%
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 | $1.46 Billion |
| China Vanke Co Ltd Class A (000002) | $33.92 Billion | 14.28% | 1.95x | $4.35 Billion |
| Shenzhen Zhenye Group Co Ltd (000006) | $4.21 Billion | 12.05% | 1.79x | $1.62 Billion |
| Shenzhen Properties & Resources Development Group Ltd (000011) | $474.22 Million | 16.24% | 4.14x | $566.74 Million |
| Shahe Industry Co Ltd (000014) | $377.25 Million | 8.22% | 1.72x | $351.71 Million |
| China Union Holdings Ltd (000036) | $1.74 Billion | 16.15% | 0.79x | $1.01 Billion |
| Shenzhen Centralcon Investment Holding Co Ltd (000042) | $1.24 Billion | 8.47% | 1.44x | $868.76 Million |
| Shenzhen Wongtee International Enterprise Co Ltd (000056) | $425.32 Million | 1.42% | 1.50x | $229.54 Million |
| Financial Street Holdings Co Ltd (000402) | $160.02 Million | 3.61% | 0.89x | $1.17 Billion |
| Chongqing Yukaifa Co Ltd (000514) | $3.04 Billion | 1.95% | 1.23x | $485.24 Million |
About 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