Dalian Friendship Group Co Ltd
Dalian Friendship (Group) Co., Ltd. operates retail department stores under Friendship Mall brand name in China. It also engages in the hotel business; and development and operation of residential and commercial real estate projects. Dalian Friendship (Group) Co., Ltd. was founded in 1958 and is headquartered in Dalian, China. Dalian Friendship (Group) Co., Ltd. is a subsidiary of Wuhan Developme… Read more
Dalian Friendship Group Co Ltd (000679) - Net Assets
Latest net assets as of September 2025: CN¥111.03 Million CNY
Based on the latest financial reports, Dalian Friendship Group Co Ltd (000679) has net assets worth CN¥111.03 Million 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¥975.20 Million) and total liabilities (CN¥864.17 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¥111.03 Million |
| % of Total Assets | 11.39% |
| Annual Growth Rate | 0.67% |
| 5-Year Change | -73.73% |
| 10-Year Change | -90.32% |
| Growth Volatility | 27.73 |
Dalian Friendship Group Co Ltd - Net Assets Trend (1993–2024)
This chart illustrates how Dalian Friendship 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 Dalian Friendship Group Co Ltd (1993–2024)
The table below shows the annual net assets of Dalian Friendship Group Co Ltd from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥177.74 Million | -35.42% |
| 2023-12-31 | CN¥275.21 Million | -14.15% |
| 2022-12-31 | CN¥320.56 Million | -15.72% |
| 2021-12-31 | CN¥380.36 Million | -43.79% |
| 2020-12-31 | CN¥676.64 Million | +0.22% |
| 2019-12-31 | CN¥675.15 Million | -34.63% |
| 2018-12-31 | CN¥1.03 Billion | -30.42% |
| 2017-12-31 | CN¥1.48 Billion | -5.69% |
| 2016-12-31 | CN¥1.57 Billion | -14.25% |
| 2015-12-31 | CN¥1.84 Billion | -12.00% |
| 2014-12-31 | CN¥2.09 Billion | -0.01% |
| 2013-12-31 | CN¥2.09 Billion | +7.62% |
| 2012-12-31 | CN¥1.94 Billion | +17.07% |
| 2011-12-31 | CN¥1.66 Billion | +11.30% |
| 2010-12-31 | CN¥1.49 Billion | +23.21% |
| 2009-12-31 | CN¥1.21 Billion | +29.68% |
| 2008-12-31 | CN¥931.02 Million | +12.39% |
| 2007-12-31 | CN¥828.38 Million | +2.06% |
| 2006-12-31 | CN¥811.65 Million | -0.15% |
| 2005-12-31 | CN¥812.90 Million | +5.43% |
| 2004-12-31 | CN¥771.04 Million | +5.40% |
| 2003-12-31 | CN¥731.51 Million | -1.17% |
| 2002-12-31 | CN¥740.14 Million | +2.41% |
| 2001-12-31 | CN¥722.75 Million | +4.79% |
| 2000-12-31 | CN¥689.75 Million | -2.55% |
| 1999-12-31 | CN¥707.77 Million | +8.24% |
| 1998-12-31 | CN¥653.89 Million | -0.91% |
| 1997-12-31 | CN¥659.87 Million | +116.34% |
| 1996-12-31 | CN¥305.02 Million | +32.44% |
| 1995-12-31 | CN¥230.31 Million | +24.18% |
| 1994-12-31 | CN¥185.46 Million | +28.19% |
| 1993-12-31 | CN¥144.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dalian Friendship 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 36903895700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥356.40 Million | 140.04% |
| Other Comprehensive Income | CN¥198.31 Million | 77.92% |
| Other Components | CN¥68.83 Million | 27.04% |
| Total Equity | CN¥254.50 Million | 100.00% |
Dalian Friendship Group Co Ltd Competitors by Market Cap
The table below lists competitors of Dalian Friendship Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tangshan Jidong Equipment Engineering Co Ltd
SHE:000856
|
$232.37 Million |
|
Suzhou Institute of Building Science Group Co Ltd
SHG:603183
|
$232.38 Million |
|
TOD'S S.p.A
PINK:TODGF
|
$232.42 Million |
|
Jiangsu Liba Enterprise Joint-Stock Co Ltd
SHG:603519
|
$232.46 Million |
|
Tiangong International Company Limited
F:34T1
|
$232.31 Million |
|
SGC Energy Co Ltd
KO:005090
|
$232.22 Million |
|
Turvo International Co Ltd
TW:2233
|
$232.17 Million |
|
DI Dong Il Corp
KO:001530
|
$232.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dalian Friendship Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 332,140,378 to 254,500,523, a change of -77,639,855 (-23.4%).
- Net loss of 77,639,855 reduced equity.
- Dividend payments of 1,992,594 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-77.64 Million | -30.51% |
| Dividends Paid | CN¥1.99 Million | -0.78% |
| Other Changes | CN¥1.99 Million | +0.78% |
| Total Change | CN¥- | -23.38% |
Book Value vs Market Value Analysis
This analysis compares Dalian Friendship 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: 9.62x
- 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 25.64x to 9.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | CN¥0.27 | CN¥6.94 | x |
| 1994-12-31 | CN¥0.33 | CN¥6.94 | x |
| 1995-12-31 | CN¥0.39 | CN¥6.94 | x |
| 1996-12-31 | CN¥0.47 | CN¥6.94 | x |
| 1997-12-31 | CN¥1.44 | CN¥6.94 | x |
| 1998-12-31 | CN¥1.48 | CN¥6.94 | x |
| 1999-12-31 | CN¥1.63 | CN¥6.94 | x |
| 2000-12-31 | CN¥1.62 | CN¥6.94 | x |
| 2001-12-31 | CN¥1.70 | CN¥6.94 | x |
| 2002-12-31 | CN¥1.71 | CN¥6.94 | x |
| 2003-12-31 | CN¥1.68 | CN¥6.94 | x |
| 2004-12-31 | CN¥1.72 | CN¥6.94 | x |
| 2005-12-31 | CN¥1.73 | CN¥6.94 | x |
| 2006-12-31 | CN¥1.61 | CN¥6.94 | x |
| 2007-12-31 | CN¥1.83 | CN¥6.94 | x |
| 2008-12-31 | CN¥2.06 | CN¥6.94 | x |
| 2009-12-31 | CN¥2.53 | CN¥6.94 | x |
| 2010-12-31 | CN¥3.13 | CN¥6.94 | x |
| 2011-12-31 | CN¥3.59 | CN¥6.94 | x |
| 2012-12-31 | CN¥3.94 | CN¥6.94 | x |
| 2013-12-31 | CN¥4.18 | CN¥6.94 | x |
| 2014-12-31 | CN¥4.16 | CN¥6.94 | x |
| 2015-12-31 | CN¥3.54 | CN¥6.94 | x |
| 2016-12-31 | CN¥3.90 | CN¥6.94 | x |
| 2017-12-31 | CN¥4.14 | CN¥6.94 | x |
| 2018-12-31 | CN¥2.62 | CN¥6.94 | x |
| 2019-12-31 | CN¥1.71 | CN¥6.94 | x |
| 2020-12-31 | CN¥1.78 | CN¥6.94 | x |
| 2021-12-31 | CN¥1.18 | CN¥6.94 | x |
| 2022-12-31 | CN¥1.04 | CN¥6.94 | x |
| 2023-12-31 | CN¥0.89 | CN¥6.94 | x |
| 2024-12-31 | CN¥0.72 | CN¥6.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dalian Friendship 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): -30.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -20.86%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 4.02x
- Recent ROE (-30.51%) is below the historical average (4.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 49.00% | 8.58% | 1.33x | 4.29x | CN¥37.50 Million |
| 1994 | 46.64% | 11.08% | 0.89x | 4.76x | CN¥43.37 Million |
| 1995 | 38.78% | 9.86% | 0.59x | 6.70x | CN¥40.27 Million |
| 1996 | 38.62% | 11.60% | 0.46x | 7.17x | CN¥48.06 Million |
| 1997 | 11.43% | 8.61% | 0.52x | 2.54x | CN¥7.33 Million |
| 1998 | 10.19% | 9.52% | 0.47x | 2.26x | CN¥990.86K |
| 1999 | 10.00% | 10.72% | 0.44x | 2.10x | CN¥-16.81K |
| 2000 | 8.15% | 7.44% | 0.46x | 2.36x | CN¥-10.64 Million |
| 2001 | 9.07% | 8.22% | 0.51x | 2.16x | CN¥-5.64 Million |
| 2002 | 4.78% | 4.39% | 0.45x | 2.44x | CN¥-31.69 Million |
| 2003 | -1.55% | -1.11% | 0.41x | 3.41x | CN¥-68.98 Million |
| 2004 | 4.58% | 1.96% | 0.58x | 4.01x | CN¥-33.21 Million |
| 2005 | 4.77% | 1.63% | 0.90x | 3.25x | CN¥-32.22 Million |
| 2006 | 4.84% | 1.81% | 0.67x | 3.99x | CN¥-30.83 Million |
| 2007 | 4.73% | 1.92% | 0.34x | 7.21x | CN¥-34.31 Million |
| 2008 | 18.00% | 5.78% | 0.47x | 6.64x | CN¥58.58 Million |
| 2009 | 19.99% | 5.74% | 0.70x | 4.95x | CN¥90.22 Million |
| 2010 | 22.25% | 6.86% | 0.48x | 6.77x | CN¥136.98 Million |
| 2011 | 13.70% | 5.49% | 0.34x | 7.31x | CN¥47.42 Million |
| 2012 | 10.80% | 4.50% | 0.35x | 6.84x | CN¥11.27 Million |
| 2013 | 10.75% | 4.41% | 0.38x | 6.35x | CN¥11.22 Million |
| 2014 | 3.84% | 1.57% | 0.40x | 6.06x | CN¥-90.41 Million |
| 2015 | -14.82% | -6.70% | 0.33x | 6.68x | CN¥-313.28 Million |
| 2016 | 9.61% | 6.94% | 0.28x | 4.99x | CN¥-5.40 Million |
| 2017 | 0.97% | 0.71% | 0.31x | 4.47x | CN¥-122.06 Million |
| 2018 | -44.32% | -38.15% | 0.19x | 5.97x | CN¥-508.55 Million |
| 2019 | -56.61% | -44.52% | 0.17x | 7.39x | CN¥-406.35 Million |
| 2020 | 4.05% | 14.66% | 0.13x | 2.11x | CN¥-37.82 Million |
| 2021 | -51.47% | -122.44% | 0.17x | 2.48x | CN¥-257.86 Million |
| 2022 | -13.58% | -33.56% | 0.15x | 2.62x | CN¥-87.09 Million |
| 2023 | -11.19% | -22.75% | 0.17x | 2.88x | CN¥-70.38 Million |
| 2024 | -30.51% | -20.86% | 0.36x | 4.02x | CN¥-103.09 Million |
Industry Comparison
This section compares Dalian Friendship Group Co Ltd's net assets metrics with peer companies in the Department Stores industry.
Industry Context
- Industry: Department Stores
- Average net assets among peers: $4,445,806,180
- Average return on equity (ROE) among peers: 11.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dalian Friendship Group Co Ltd (000679) | CN¥111.03 Million | 49.00% | 7.78x | $232.35 Million |
| Hefei Department Store Group Co Ltd (000417) | $3.72 Billion | 9.85% | 1.14x | $183.52 Million |
| Changsha Tongcheng Holdings Co Ltd (000419) | $216.13 Million | 19.44% | 0.56x | $227.08 Million |
| Wushang Group Co Ltd (000501) | $8.25 Billion | 12.73% | 1.77x | $549.14 Million |
| CCOOP Group Co Ltd (000564) | $648.17 Million | 8.80% | 0.99x | $3.83 Billion |
| Zhongxing Shenyang Commercial Building Group Co Ltd (000715) | $682.33 Million | 7.80% | 0.41x | $199.18 Million |
| Easyhome New Retail Group Co Ltd (000785) | $20.72 Billion | 6.55% | 0.90x | $1.02 Billion |
| Guangzhou Grandbuy Co Ltd (002187) | $3.99 Billion | -3.63% | 1.20x | $406.04 Million |
| Better Life Commercial Chain Share Co Ltd (002251) | $175.99 Million | 42.02% | 3.35x | $1.30 Billion |
| New Huadu Supercenter Co Ltd (002264) | $1.61 Billion | -4.25% | 1.18x | $394.48 Million |