CASIN Real Estate Development Group Co Ltd
CASIN Real Estate Development Group Co.,Ltd. engages in the real estate businesses in China. It is also involved in real estate development; resource recycling and comprehensive utilization; environmental engineering; energy performance contract; environmental water treatment, sewage treatment; domestic trade; investment in industry; wholesale of hardware product; sale of internet; and provision … Read more
CASIN Real Estate Development Group Co Ltd (000838) - Net Assets
Latest net assets as of September 2025: CN¥442.65 Million CNY
Based on the latest financial reports, CASIN Real Estate Development Group Co Ltd (000838) has net assets worth CN¥442.65 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¥2.49 Billion) and total liabilities (CN¥2.05 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¥442.65 Million |
| % of Total Assets | 17.75% |
| Annual Growth Rate | 6.86% |
| 5-Year Change | -81.15% |
| 10-Year Change | -65.35% |
| Growth Volatility | 66.98 |
CASIN Real Estate Development Group Co Ltd - Net Assets Trend (1994–2024)
This chart illustrates how CASIN Real Estate Development 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 CASIN Real Estate Development Group Co Ltd (1994–2024)
The table below shows the annual net assets of CASIN Real Estate Development Group Co Ltd from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥548.80 Million | -37.98% |
| 2023-12-31 | CN¥884.94 Million | -37.29% |
| 2022-12-31 | CN¥1.41 Billion | -26.71% |
| 2021-12-31 | CN¥1.93 Billion | -33.86% |
| 2020-12-31 | CN¥2.91 Billion | +3.44% |
| 2019-12-31 | CN¥2.81 Billion | +42.32% |
| 2018-12-31 | CN¥1.98 Billion | +5.20% |
| 2017-12-31 | CN¥1.88 Billion | +12.54% |
| 2016-12-31 | CN¥1.67 Billion | +5.46% |
| 2015-12-31 | CN¥1.58 Billion | +238.13% |
| 2014-12-31 | CN¥468.44 Million | +22.23% |
| 2013-12-31 | CN¥383.25 Million | +15.24% |
| 2012-12-31 | CN¥332.57 Million | +10.37% |
| 2011-12-31 | CN¥301.33 Million | -8.38% |
| 2010-12-31 | CN¥328.89 Million | -6.84% |
| 2009-12-31 | CN¥353.06 Million | +0.71% |
| 2008-12-31 | CN¥350.58 Million | +3.10% |
| 2007-12-31 | CN¥340.03 Million | +259.93% |
| 2006-12-31 | CN¥94.47 Million | +7.17% |
| 2005-12-31 | CN¥88.15 Million | +5.41% |
| 2004-12-31 | CN¥83.62 Million | +7.90% |
| 2003-12-31 | CN¥77.51 Million | +78.40% |
| 2002-12-31 | CN¥43.44 Million | +25.96% |
| 2001-12-31 | CN¥34.49 Million | +28.63% |
| 2000-12-31 | CN¥26.81 Million | -60.88% |
| 1999-12-31 | CN¥68.55 Million | -35.27% |
| 1998-12-31 | CN¥105.90 Million | +8.78% |
| 1997-12-31 | CN¥97.36 Million | +12.83% |
| 1996-12-31 | CN¥86.28 Million | +11.99% |
| 1995-12-31 | CN¥77.05 Million | +2.68% |
| 1994-12-31 | CN¥75.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CASIN Real Estate Development 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 15138.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.10 Billion | 261.70% |
| Other Comprehensive Income | CN¥89.37 Million | 21.25% |
| Other Components | CN¥200.29 Million | 47.63% |
| Total Equity | CN¥420.51 Million | 100.00% |
CASIN Real Estate Development Group Co Ltd Competitors by Market Cap
The table below lists competitors of CASIN Real Estate Development Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Partron Co. Ltd
KQ:091700
|
$227.61 Million |
|
Ningbo Zhongbai Co Ltd
SHG:600857
|
$227.63 Million |
|
Amber International Holding Limited
NASDAQ:AMBR
|
$227.65 Million |
|
BCI Minerals Limited
PINK:BIRNF
|
$227.67 Million |
|
Assystem S.A.
PA:ASY
|
$227.55 Million |
|
Amotiv Limited
TO:AOV
|
$227.52 Million |
|
Agesa Hayat ve Emeklilik AS
IS:AGESA
|
$227.49 Million |
|
CyberTAN Technology Inc
TW:3062
|
$227.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CASIN Real Estate Development Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 680,669,522 to 420,511,016, a change of -260,158,506 (-38.2%).
- Net loss of 260,159,568 reduced equity.
- Dividend payments of 39,406,465 reduced retained earnings.
- Other comprehensive income increased equity by 89,370,770.
- Other factors decreased equity by 49,963,243.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-260.16 Million | -61.87% |
| Dividends Paid | CN¥39.41 Million | -9.37% |
| Other Comprehensive Income | CN¥89.37 Million | +21.25% |
| Other Changes | CN¥-49.96 Million | -11.88% |
| Total Change | CN¥- | -38.22% |
Book Value vs Market Value Analysis
This analysis compares CASIN Real Estate Development 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: 6.23x
- 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 10.05x to 6.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CN¥0.24 | CN¥2.38 | x |
| 1995-12-31 | CN¥0.24 | CN¥2.38 | x |
| 1996-12-31 | CN¥0.27 | CN¥2.38 | x |
| 1997-12-31 | CN¥0.31 | CN¥2.38 | x |
| 1998-12-31 | CN¥0.33 | CN¥2.38 | x |
| 1999-12-31 | CN¥0.22 | CN¥2.38 | x |
| 2000-12-31 | CN¥0.08 | CN¥2.38 | x |
| 2001-12-31 | CN¥0.06 | CN¥2.38 | x |
| 2002-12-31 | CN¥0.07 | CN¥2.38 | x |
| 2003-12-31 | CN¥0.13 | CN¥2.38 | x |
| 2004-12-31 | CN¥0.14 | CN¥2.38 | x |
| 2005-12-31 | CN¥0.15 | CN¥2.38 | x |
| 2006-12-31 | CN¥0.15 | CN¥2.38 | x |
| 2007-12-31 | CN¥0.54 | CN¥2.38 | x |
| 2008-12-31 | CN¥0.55 | CN¥2.38 | x |
| 2009-12-31 | CN¥0.56 | CN¥2.38 | x |
| 2010-12-31 | CN¥0.52 | CN¥2.38 | x |
| 2011-12-31 | CN¥0.48 | CN¥2.38 | x |
| 2012-12-31 | CN¥0.52 | CN¥2.38 | x |
| 2013-12-31 | CN¥0.61 | CN¥2.38 | x |
| 2014-12-31 | CN¥0.69 | CN¥2.38 | x |
| 2015-12-31 | CN¥3.74 | CN¥2.38 | x |
| 2016-12-31 | CN¥1.48 | CN¥2.38 | x |
| 2017-12-31 | CN¥1.62 | CN¥2.38 | x |
| 2018-12-31 | CN¥1.71 | CN¥2.38 | x |
| 2019-12-31 | CN¥1.80 | CN¥2.38 | x |
| 2020-12-31 | CN¥1.79 | CN¥2.38 | x |
| 2021-12-31 | CN¥1.10 | CN¥2.38 | x |
| 2022-12-31 | CN¥0.88 | CN¥2.38 | x |
| 2023-12-31 | CN¥0.62 | CN¥2.38 | x |
| 2024-12-31 | CN¥0.38 | CN¥2.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CASIN Real Estate Development 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): -61.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -31.40%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 6.80x
- Recent ROE (-61.87%) is below the historical average (-5.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 10.11% | 10.15% | 0.45x | 2.23x | CN¥82.17K |
| 1995 | 10.98% | 10.07% | 0.48x | 2.29x | CN¥754.87K |
| 1996 | 10.71% | 11.40% | 0.40x | 2.32x | CN¥609.74K |
| 1997 | 11.37% | 12.82% | 0.40x | 2.19x | CN¥1.34 Million |
| 1998 | 10.91% | 14.55% | 0.31x | 2.38x | CN¥961.81K |
| 1999 | -12.85% | -10.69% | 0.34x | 3.49x | CN¥-15.66 Million |
| 2000 | -123.10% | -81.78% | 0.18x | 8.57x | CN¥-35.69 Million |
| 2001 | 4.85% | 2.79% | 0.29x | 6.02x | CN¥-1.78 Million |
| 2002 | 17.86% | 7.47% | 0.62x | 3.89x | CN¥3.41 Million |
| 2003 | 6.29% | 5.50% | 0.70x | 1.62x | CN¥-2.88 Million |
| 2004 | 7.32% | 5.66% | 0.73x | 1.76x | CN¥-2.24 Million |
| 2005 | 5.13% | 3.50% | 0.87x | 1.68x | CN¥-4.29 Million |
| 2006 | 1.43% | 0.90% | 1.23x | 1.29x | CN¥-8.10 Million |
| 2007 | 17.29% | 11.49% | 0.56x | 2.70x | CN¥24.80 Million |
| 2008 | 3.01% | 8.16% | 0.20x | 1.82x | CN¥-24.51 Million |
| 2009 | 0.70% | 5.40% | 0.07x | 1.77x | CN¥-32.83 Million |
| 2010 | -7.35% | -2171.99% | 0.00x | 1.94x | CN¥-57.06 Million |
| 2011 | -9.15% | -3640.21% | 0.00x | 3.87x | CN¥-57.70 Million |
| 2012 | 9.39% | 11.20% | 0.18x | 4.78x | CN¥-2.01 Million |
| 2013 | 15.58% | 13.46% | 0.22x | 5.31x | CN¥21.40 Million |
| 2014 | 16.95% | 12.51% | 0.22x | 6.12x | CN¥30.58 Million |
| 2015 | 5.46% | 12.56% | 0.13x | 3.40x | CN¥-69.82 Million |
| 2016 | 6.82% | 6.49% | 0.32x | 3.25x | CN¥-51.82 Million |
| 2017 | 10.98% | 10.86% | 0.21x | 4.83x | CN¥17.53 Million |
| 2018 | 6.03% | 3.73% | 0.24x | 6.62x | CN¥-74.84 Million |
| 2019 | 4.27% | 2.49% | 0.19x | 8.94x | CN¥-113.41 Million |
| 2020 | 13.16% | 4.28% | 0.33x | 9.24x | CN¥62.09 Million |
| 2021 | -74.50% | -17.76% | 0.34x | 12.26x | CN¥-1.02 Billion |
| 2022 | -37.25% | -8.59% | 0.39x | 11.06x | CN¥-456.95 Million |
| 2023 | -36.75% | -6.22% | 0.95x | 6.23x | CN¥-318.19 Million |
| 2024 | -61.87% | -31.40% | 0.29x | 6.80x | CN¥-302.21 Million |
Industry Comparison
This section compares CASIN Real Estate Development 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: $9,981,031,371
- Average return on equity (ROE) among peers: 6.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CASIN Real Estate Development Group Co Ltd (000838) | CN¥442.65 Million | 10.11% | 4.63x | $227.56 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 |
| Shahe Industry Co Ltd (000014) | $605.85 Million | 8.96% | 1.98x | $312.36 Million |
| 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 |