China Merchants Property Operation & Service Co Ltd
China Merchants Property Operation & Service Co., Ltd. engages in the real estate development and management. It also offers asset management and other services. The company was formerly known as AVIC SUNDA Holding Company Limited and changed its name to China Merchants Property Operation and Service Co., Ltd. in December 2019. China Merchants Property Operation & Service Co., Ltd. was founded in… Read more
China Merchants Property Operation & Service Co Ltd (001914) - Net Assets
Latest net assets as of June 2025: CN¥10.80 Billion CNY
Based on the latest financial reports, China Merchants Property Operation & Service Co Ltd (001914) has net assets worth CN¥10.80 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥19.29 Billion) and total liabilities (CN¥8.49 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¥10.80 Billion |
| % of Total Assets | 55.99% |
| Annual Growth Rate | 10.58% |
| 5-Year Change | 27.53% |
| 10-Year Change | N/A |
| Growth Volatility | 19.84 |
China Merchants Property Operation & Service Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how China Merchants Property Operation & Service 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 China Merchants Property Operation & Service Co Ltd (2016–2024)
The table below shows the annual net assets of China Merchants Property Operation & Service Co Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥10.57 Billion | +6.66% |
| 2023-12-31 | CN¥9.91 Billion | +6.44% |
| 2022-12-31 | CN¥9.31 Billion | +8.58% |
| 2021-12-31 | CN¥8.58 Billion | +3.46% |
| 2020-12-31 | CN¥8.29 Billion | +3.58% |
| 2019-12-31 | CN¥8.00 Billion | +63.80% |
| 2018-12-31 | CN¥4.89 Billion | +6.24% |
| 2017-12-31 | CN¥4.60 Billion | -2.73% |
| 2016-12-31 | CN¥4.73 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Merchants Property Operation & Service 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 grown by 100.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.75 Billion | 55.15% |
| Other Components | CN¥4.67 Billion | 44.85% |
| Total Equity | CN¥10.42 Billion | 100.00% |
China Merchants Property Operation & Service Co Ltd Competitors by Market Cap
The table below lists competitors of China Merchants Property Operation & Service Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
C.Q. Pharmaceutical Holding Co Ltd
SHE:000950
|
$534.66 Million |
|
EQUITY BANCSHS A DL -01
F:44X
|
$534.69 Million |
|
Lander Sports Development Co Ltd
SHE:000558
|
$534.74 Million |
|
DCB Bank Limited
NSE:DCBBANK
|
$534.76 Million |
|
Nanjing Vazyme Biotech Co Ltd
SHG:688105
|
$534.52 Million |
|
PowerTECH Co. Ltd. A
SHE:301369
|
$534.45 Million |
|
Olvi Oyj A
HE:OLVAS
|
$534.42 Million |
|
Jinxi Axle Co Ltd
SHG:600495
|
$534.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Merchants Property Operation & Service Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,759,358,937 to 10,418,968,857, a change of 659,609,920 (6.8%).
- Net income of 840,498,777 contributed positively to equity growth.
- Dividend payments of 273,168,390 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥840.50 Million | +8.07% |
| Dividends Paid | CN¥273.17 Million | -2.62% |
| Other Changes | CN¥92.28 Million | +0.89% |
| Total Change | CN¥- | 6.76% |
Book Value vs Market Value Analysis
This analysis compares China Merchants Property Operation & Service 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: 1.10x
- 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 1.72x to 1.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥6.26 | CN¥10.76 | x |
| 2018-12-31 | CN¥7.26 | CN¥10.76 | x |
| 2019-12-31 | CN¥7.53 | CN¥10.76 | x |
| 2020-12-31 | CN¥7.83 | CN¥10.76 | x |
| 2021-12-31 | CN¥8.17 | CN¥10.76 | x |
| 2022-12-31 | CN¥8.63 | CN¥10.76 | x |
| 2023-12-31 | CN¥9.20 | CN¥10.76 | x |
| 2024-12-31 | CN¥9.83 | CN¥10.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Merchants Property Operation & Service 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): 8.07%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.89%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 1.83x
- Recent ROE (8.07%) is above the historical average (6.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 3.95% | 2.55% | 0.29x | 5.32x | CN¥-246.87 Million |
| 2017 | 3.60% | 2.56% | 0.31x | 4.57x | CN¥-267.26 Million |
| 2018 | 17.69% | 12.87% | 0.50x | 2.73x | CN¥372.41 Million |
| 2019 | 3.59% | 4.71% | 0.37x | 2.07x | CN¥-512.14 Million |
| 2020 | 5.24% | 5.04% | 0.53x | 1.96x | CN¥-395.57 Million |
| 2021 | 5.92% | 4.84% | 0.63x | 1.94x | CN¥-353.22 Million |
| 2022 | 6.49% | 4.56% | 0.73x | 1.95x | CN¥-321.47 Million |
| 2023 | 7.54% | 4.71% | 0.84x | 1.91x | CN¥-240.21 Million |
| 2024 | 8.07% | 4.89% | 0.90x | 1.83x | CN¥-201.40 Million |
Industry Comparison
This section compares China Merchants Property Operation & Service Co Ltd's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $751,673,146
- Average return on equity (ROE) among peers: 11.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Merchants Property Operation & Service Co Ltd (001914) | CN¥10.80 Billion | 3.95% | 0.79x | $534.54 Million |
| 5I5j Holding Group Co Ltd (000560) | $290.89 Million | 3.89% | 2.83x | $719.68 Million |
| DongGuan Winnerway Industrial Zone Ltd (000573) | $1.59 Billion | -3.00% | 0.40x | $285.00 Million |
| Beijing Mainstreets Investment (000609) | $481.69 Million | 6.37% | 0.60x | $299.85 Million |
| Rongfeng Holding Group (000668) | $728.10 Million | 3.50% | 0.98x | $161.59 Million |
| Sanxiang Co Ltd (000863) | $-301.00 Million | 0.00% | 0.00x | $472.85 Million |
| Shenzhen Worldunion Properties Consultancy Inc (002285) | $174.14 Million | 46.33% | 0.77x | $455.33 Million |
| Chongqing New Dazheng Property Grp (002968) | $220.04 Million | 32.11% | 0.75x | $152.38 Million |
| Shenzhen SEG Co Ltd (200058) | $2.45 Billion | 1.63% | 1.17x | $124.44 Million |
| Shenzhen SDG Service Co. Ltd. (300917) | $1.13 Billion | 10.65% | 0.59x | $248.07 Million |