CASIN Real Estate Development Group Co Ltd (000838) - Net Assets
Based on the latest financial reports, CASIN Real Estate Development Group Co Ltd (000838) has net assets worth CN¥-256.45 Million CNY (≈ $-37.53 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.89 Billion ≈ $276.09 Million USD) and total liabilities (CN¥2.14 Billion ≈ $313.62 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. Also explore 000838 total asset value for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥-256.45 Million |
| % of Total Assets | -13.59% |
| Annual Growth Rate | N/A |
| 5-Year Change | -112.2% |
| 10-Year Change | -114.07% |
| Growth Volatility | 71.8 |
CASIN Real Estate Development Group Co Ltd - Net Assets Trend (1994–2025)
This chart illustrates how CASIN Real Estate Development Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Check tangible net worth ratio of CASIN Real Estate Development Group Co L to evaluate the tangible quality of the company's equity base.
Annual Net Assets for CASIN Real Estate Development Group Co Ltd (1994–2025)
The table below shows the annual net assets of CASIN Real Estate Development Group Co Ltd from 1994 to 2025. For live valuation and market cap data, see 000838 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥-234.97 Million ≈ $-34.38 Million |
-142.81% |
| 2024-12-31 | CN¥548.80 Million ≈ $80.31 Million |
-37.98% |
| 2023-12-31 | CN¥884.94 Million ≈ $129.50 Million |
-37.29% |
| 2022-12-31 | CN¥1.41 Billion ≈ $206.51 Million |
-26.71% |
| 2021-12-31 | CN¥1.93 Billion ≈ $281.79 Million |
-33.86% |
| 2020-12-31 | CN¥2.91 Billion ≈ $426.05 Million |
+3.44% |
| 2019-12-31 | CN¥2.81 Billion ≈ $411.86 Million |
+42.32% |
| 2018-12-31 | CN¥1.98 Billion ≈ $289.40 Million |
+5.20% |
| 2017-12-31 | CN¥1.88 Billion ≈ $275.10 Million |
+12.54% |
| 2016-12-31 | CN¥1.67 Billion ≈ $244.45 Million |
+5.46% |
| 2015-12-31 | CN¥1.58 Billion ≈ $231.78 Million |
+238.13% |
| 2014-12-31 | CN¥468.44 Million ≈ $68.55 Million |
+22.23% |
| 2013-12-31 | CN¥383.25 Million ≈ $56.08 Million |
+15.24% |
| 2012-12-31 | CN¥332.57 Million ≈ $48.67 Million |
+10.37% |
| 2011-12-31 | CN¥301.33 Million ≈ $44.09 Million |
-8.38% |
| 2010-12-31 | CN¥328.89 Million ≈ $48.13 Million |
-6.84% |
| 2009-12-31 | CN¥353.06 Million ≈ $51.66 Million |
+0.71% |
| 2008-12-31 | CN¥350.58 Million ≈ $51.30 Million |
+3.10% |
| 2007-12-31 | CN¥340.03 Million ≈ $49.76 Million |
+259.93% |
| 2006-12-31 | CN¥94.47 Million ≈ $13.82 Million |
+7.17% |
| 2005-12-31 | CN¥88.15 Million ≈ $12.90 Million |
+5.41% |
| 2004-12-31 | CN¥83.62 Million ≈ $12.24 Million |
+7.90% |
| 2003-12-31 | CN¥77.51 Million ≈ $11.34 Million |
+78.40% |
| 2002-12-31 | CN¥43.44 Million ≈ $6.36 Million |
+25.96% |
| 2001-12-31 | CN¥34.49 Million ≈ $5.05 Million |
+28.63% |
| 2000-12-31 | CN¥26.81 Million ≈ $3.92 Million |
-60.88% |
| 1999-12-31 | CN¥68.55 Million ≈ $10.03 Million |
-35.27% |
| 1998-12-31 | CN¥105.90 Million ≈ $15.50 Million |
+8.78% |
| 1997-12-31 | CN¥97.36 Million ≈ $14.25 Million |
+12.83% |
| 1996-12-31 | CN¥86.28 Million ≈ $12.63 Million |
+11.99% |
| 1995-12-31 | CN¥77.05 Million ≈ $11.27 Million |
+2.68% |
| 1994-12-31 | CN¥75.03 Million ≈ $10.98 Million |
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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 24910.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.40 Billion | % |
| Total Equity | CN¥-200.13 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 |
|---|---|
|
MCI Management SA
WAR:MCI
|
$402.82 Million |
|
Methode Electronics Inc
NYSE:MEI
|
$402.84 Million |
|
Cerence Inc
NASDAQ:CRNC
|
$402.92 Million |
|
Fidere Patrimonio SOCIMI SA
MC:YFID
|
$402.97 Million |
|
Hefei Kewell Power System Co Ltd
SHG:688551
|
$402.53 Million |
|
Ozak Gayrimenkul Yatirim Ortakligi AS
IS:OZKGY
|
$402.46 Million |
|
Nawi Brothers Group Ltd
TA:NAWI
|
$402.40 Million |
|
Shanghai Ailu Package Co. Ltd.
SHE:301062
|
$402.31 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 2024 to 2025, total equity changed from 420,511,016 to -200,131,538, a change of -620,642,554 (-147.6%).
- Net loss of 630,107,672 reduced equity.
- Dividend payments of 12,819,271 reduced retained earnings.
- Other comprehensive income decreased equity by 89,370,900.
- Other factors increased equity by 111,655,289.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-630.11 Million | -314.85% |
| Dividends Paid | CN¥12.82 Million | -6.41% |
| Other Comprehensive Income | CN¥-89.37 Million | -44.66% |
| Other Changes | CN¥111.66 Million | +55.79% |
| Total Change | CN¥- | -147.59% |
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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CN¥0.24 | CN¥2.50 | x |
| 1995-12-31 | CN¥0.24 | CN¥2.50 | x |
| 1996-12-31 | CN¥0.27 | CN¥2.50 | x |
| 1997-12-31 | CN¥0.31 | CN¥2.50 | x |
| 1998-12-31 | CN¥0.33 | CN¥2.50 | x |
| 1999-12-31 | CN¥0.22 | CN¥2.50 | x |
| 2000-12-31 | CN¥0.08 | CN¥2.50 | x |
| 2001-12-31 | CN¥0.06 | CN¥2.50 | x |
| 2002-12-31 | CN¥0.07 | CN¥2.50 | x |
| 2003-12-31 | CN¥0.13 | CN¥2.50 | x |
| 2004-12-31 | CN¥0.14 | CN¥2.50 | x |
| 2005-12-31 | CN¥0.15 | CN¥2.50 | x |
| 2006-12-31 | CN¥0.15 | CN¥2.50 | x |
| 2007-12-31 | CN¥0.54 | CN¥2.50 | x |
| 2008-12-31 | CN¥0.55 | CN¥2.50 | x |
| 2009-12-31 | CN¥0.56 | CN¥2.50 | x |
| 2010-12-31 | CN¥0.52 | CN¥2.50 | x |
| 2011-12-31 | CN¥0.48 | CN¥2.50 | x |
| 2012-12-31 | CN¥0.52 | CN¥2.50 | x |
| 2013-12-31 | CN¥0.61 | CN¥2.50 | x |
| 2014-12-31 | CN¥0.69 | CN¥2.50 | x |
| 2015-12-31 | CN¥3.74 | CN¥2.50 | x |
| 2016-12-31 | CN¥1.48 | CN¥2.50 | x |
| 2017-12-31 | CN¥1.62 | CN¥2.50 | x |
| 2018-12-31 | CN¥1.71 | CN¥2.50 | x |
| 2019-12-31 | CN¥1.80 | CN¥2.50 | x |
| 2020-12-31 | CN¥1.79 | CN¥2.50 | x |
| 2021-12-31 | CN¥1.10 | CN¥2.50 | x |
| 2022-12-31 | CN¥0.88 | CN¥2.50 | x |
| 2023-12-31 | CN¥0.62 | CN¥2.50 | x |
| 2024-12-31 | CN¥0.38 | CN¥2.50 | x |
| 2025-12-31 | CN¥-0.18 | CN¥2.50 | 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -222.38%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-4.88%), indicating improving 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 |
| 2025 | 0.00% | -222.38% | 0.15x | 0.00x | CN¥-610.09 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: $32,594,292,615
- Average return on equity (ROE) among peers: 11.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CASIN Real Estate Development Group Co Ltd (000838) | CN¥-256.45 Million | 10.11% | N/A | $402.58 Million |
| China Vanke Co Ltd Class A (000002) | $270.58 Billion | 14.37% | 5.39x | $4.78 Billion |
| Shenzhen Zhenye Group Co Ltd (000006) | $294.00 Million | 23.60% | 0.89x | $1.31 Billion |
| Shenzhen Properties & Resources Development Group Ltd (000011) | $2.08 Billion | 20.12% | 0.87x | $613.90 Million |
| Shahe Industry Co Ltd (000014) | $1.22 Billion | 20.39% | 1.45x | $360.92 Million |
| Grandjoy Holdings Group Co Ltd (000031) | $7.12 Billion | 5.93% | 3.58x | $1.43 Billion |
| China Union Holdings Ltd (000036) | $5.83 Billion | 13.27% | 0.86x | $831.96 Million |
| Shenzhen Centralcon Investment Holding Co Ltd (000042) | $1.24 Billion | 8.47% | 1.44x | $789.96 Million |
| Shenzhen Wongtee International Enterprise Co Ltd (000056) | $425.32 Million | 1.42% | 1.50x | $263.90 Million |
| Financial Street Holdings Co Ltd (000402) | $33.71 Billion | 8.92% | 2.71x | $1.10 Billion |
| Chongqing Yukaifa Co Ltd (000514) | $3.46 Billion | 2.34% | 0.82x | $490.18 Million |
About 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 protection engineering; energy performance contract; environmental water treatment, sewage treatment; domestic trade; investment in industry; and provision of building and decorative materials. … Read more