China Merchants Property Operation & Service Co Ltd (001914) - Net Assets

Latest as of March 2026: CN¥11.10 Billion CNY ≈ $1.62 Billion USD

Based on the latest financial reports, China Merchants Property Operation & Service Co Ltd (001914) has net assets worth CN¥11.10 Billion CNY (≈ $1.62 Billion 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¥19.97 Billion ≈ $2.92 Billion USD) and total liabilities (CN¥8.87 Billion ≈ $1.30 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 001914 tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥11.10 Billion
% of Total Assets 55.6%
Annual Growth Rate N/A
5-Year Change 26.62%
10-Year Change 129.66%
Growth Volatility 58.98

China Merchants Property Operation & Service Co Ltd - Net Assets Trend (1991–2025)

This chart illustrates how China Merchants Property Operation & Service Co Ltd's net assets have evolved over time, based on quarterly financial data. See 001914 days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for China Merchants Property Operation & Service Co Ltd (1991–2025)

The table below shows the annual net assets of China Merchants Property Operation & Service Co Ltd from 1991 to 2025. For live valuation and market cap data, see China Merchants Property Operation & Ser stock valuation.

Year Net Assets Change
2025-12-31 CN¥10.86 Billion
≈ $1.59 Billion		 +2.72%
2024-12-31 CN¥10.57 Billion
≈ $1.55 Billion		 +6.66%
2023-12-31 CN¥9.91 Billion
≈ $1.45 Billion		 +6.44%
2022-12-31 CN¥9.31 Billion
≈ $1.36 Billion		 +8.58%
2021-12-31 CN¥8.58 Billion
≈ $1.25 Billion		 +3.46%
2020-12-31 CN¥8.29 Billion
≈ $1.21 Billion		 +3.58%
2019-12-31 CN¥8.00 Billion
≈ $1.17 Billion		 +63.80%
2018-12-31 CN¥4.89 Billion
≈ $714.87 Million		 +6.24%
2017-12-31 CN¥4.60 Billion
≈ $672.91 Million		 -2.73%
2016-12-31 CN¥4.73 Billion
≈ $691.83 Million		 +0.69%
2015-12-31 CN¥4.70 Billion
≈ $687.08 Million		 +13.01%
2014-12-31 CN¥4.15 Billion
≈ $607.97 Million		 +1.02%
2013-12-31 CN¥4.11 Billion
≈ $601.83 Million		 +1.91%
2012-12-31 CN¥4.04 Billion
≈ $590.53 Million		 +18.70%
2011-12-31 CN¥3.40 Billion
≈ $497.50 Million		 +43.92%
2010-12-31 CN¥2.36 Billion
≈ $345.68 Million		 +13.72%
2009-12-31 CN¥2.08 Billion
≈ $303.97 Million		 +19.12%
2008-12-31 CN¥1.74 Billion
≈ $255.18 Million		 -0.53%
2007-12-31 CN¥1.75 Billion
≈ $256.55 Million		 +206.51%
2006-12-31 CN¥571.99 Million
≈ $83.70 Million		 +17.32%
2005-12-31 CN¥487.54 Million
≈ $71.34 Million		 +18.58%
2004-12-31 CN¥411.15 Million
≈ $60.16 Million		 +21.73%
2003-12-31 CN¥337.75 Million
≈ $49.42 Million		 +11.85%
2002-12-31 CN¥301.98 Million
≈ $44.19 Million		 +7.65%
2001-12-31 CN¥280.52 Million
≈ $41.05 Million		 -41.16%
2000-12-31 CN¥476.72 Million
≈ $69.76 Million		 +1.05%
1999-12-31 CN¥471.75 Million
≈ $69.03 Million		 -5.87%
1998-12-31 CN¥501.16 Million
≈ $73.34 Million		 +0.77%
1997-12-31 CN¥497.33 Million
≈ $72.78 Million		 +17.08%
1996-12-31 CN¥424.77 Million
≈ $62.16 Million		 +2.95%
1995-12-31 CN¥412.59 Million
≈ $60.37 Million		 +6.36%
1994-12-31 CN¥387.92 Million
≈ $56.76 Million		 +269.55%
1993-12-31 CN¥104.97 Million
≈ $15.36 Million		 -56.26%
1992-12-31 CN¥239.99 Million
≈ $35.12 Million		 --
1991-12-31 CN¥0.00
≈ $0.00		 --

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 610496158600.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CN¥6.10 Billion 56.93%
Common Stock CN¥1.05 Billion 9.83%
Other Comprehensive Income CN¥719.79 Million 6.71%
Other Components CN¥2.85 Billion 26.54%
Total Equity CN¥10.72 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
Kernel Holding SA
F:0KE
 $1.39 Billion
Golden Ocean Group Limited
F:KT31
 $1.39 Billion
ASBISc Enterprises PLC
WAR:ASB
 $1.39 Billion
COSMO Pharmaceuticals SA
LSE:0RGI
 $1.39 Billion
CLEARWAY ENERGY A NDL-01
F:NY4B
 $1.39 Billion
Zhejiang Construction Investment Group Co Ltd
SHE:002761
 $1.39 Billion
Fangda Special Steel Technology Co Ltd
SHG:600507
 $1.39 Billion
Adecoagro SA
NYSE:AGRO
 $1.39 Billion

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 2024 to 2025, total equity changed from 10,418,968,857 to 10,724,320,895, a change of 305,352,038 (2.9%).
  • Net income of 654,579,171 contributed positively to equity growth.
  • Dividend payments of 298,081,518 reduced retained earnings.
  • Other comprehensive income increased equity by 719,063,899.
  • Other factors decreased equity by 770,209,514.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CN¥654.58 Million +6.1%
Dividends Paid CN¥298.08 Million -2.78%
Other Comprehensive Income CN¥719.06 Million +6.7%
Other Changes CN¥-770.21 Million -7.18%
Total Change CN¥- 2.93%

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: 0.89x
  • 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 61.64x to 0.89x 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¥0.15 CN¥9.03 x
1992-12-31 CN¥0.40 CN¥9.03 x
1993-12-31 CN¥0.17 CN¥9.03 x
1994-12-31 CN¥0.60 CN¥9.03 x
1995-12-31 CN¥0.64 CN¥9.03 x
1996-12-31 CN¥0.65 CN¥9.03 x
1997-12-31 CN¥0.78 CN¥9.03 x
1998-12-31 CN¥0.77 CN¥9.03 x
1999-12-31 CN¥0.72 CN¥9.03 x
2000-12-31 CN¥0.72 CN¥9.03 x
2001-12-31 CN¥0.42 CN¥9.03 x
2002-12-31 CN¥0.61 CN¥9.03 x
2003-12-31 CN¥0.67 CN¥9.03 x
2004-12-31 CN¥0.72 CN¥9.03 x
2005-12-31 CN¥0.83 CN¥9.03 x
2006-12-31 CN¥0.72 CN¥9.03 x
2007-12-31 CN¥2.47 CN¥9.03 x
2008-12-31 CN¥2.17 CN¥9.03 x
2009-12-31 CN¥2.57 CN¥9.03 x
2010-12-31 CN¥2.97 CN¥9.03 x
2011-12-31 CN¥3.89 CN¥9.03 x
2012-12-31 CN¥4.38 CN¥9.03 x
2013-12-31 CN¥4.86 CN¥9.03 x
2014-12-31 CN¥5.26 CN¥9.03 x
2015-12-31 CN¥5.93 CN¥9.03 x
2016-12-31 CN¥6.12 CN¥9.03 x
2017-12-31 CN¥6.27 CN¥9.03 x
2018-12-31 CN¥7.26 CN¥9.03 x
2019-12-31 CN¥11.41 CN¥9.03 x
2020-12-31 CN¥7.83 CN¥9.03 x
2021-12-31 CN¥8.17 CN¥9.03 x
2022-12-31 CN¥8.63 CN¥9.03 x
2023-12-31 CN¥9.20 CN¥9.03 x
2024-12-31 CN¥9.83 CN¥9.03 x
2025-12-31 CN¥10.13 CN¥9.03 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): 6.10%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 3.40%
  • • Asset Turnover: 0.96x
  • • Equity Multiplier: 1.87x
  • Recent ROE (6.10%) is below the historical average (8.14%), 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 14.68% 19.64% 0.50x 1.48x CN¥4.15 Million
1992 10.48% 29.85% 0.15x 2.35x CN¥1.16 Million
1993 41.48% 15.21% 0.82x 3.33x CN¥33.05 Million
1994 15.98% 20.55% 0.43x 1.82x CN¥21.74 Million
1995 10.44% 14.08% 0.37x 2.02x CN¥1.69 Million
1996 10.96% 9.56% 0.47x 2.43x CN¥3.77 Million
1997 6.06% 4.94% 0.53x 2.30x CN¥-18.63 Million
1998 3.83% 2.62% 0.57x 2.57x CN¥-28.68 Million
1999 4.44% 2.71% 0.62x 2.64x CN¥-24.40 Million
2000 -3.61% -1.80% 0.71x 2.84x CN¥-59.46 Million
2001 -55.05% -21.19% 0.69x 3.75x CN¥-165.11 Million
2002 9.63% 2.50% 1.28x 3.00x CN¥-1.03 Million
2003 9.40% 4.37% 0.81x 2.66x CN¥-1.83 Million
2004 8.27% 3.01% 0.67x 4.09x CN¥-5.62 Million
2005 12.09% 3.29% 0.93x 3.97x CN¥7.78 Million
2006 17.17% 5.07% 0.65x 5.18x CN¥30.10 Million
2007 10.03% 6.65% 0.57x 2.66x CN¥394.98K
2008 0.58% 0.46% 0.38x 3.29x CN¥-136.32 Million
2009 3.66% 3.77% 0.26x 3.76x CN¥-108.79 Million
2010 13.61% 6.87% 0.49x 4.02x CN¥71.50 Million
2011 19.93% 13.96% 0.33x 4.27x CN¥257.78 Million
2012 14.19% 9.90% 0.29x 4.94x CN¥122.42 Million
2013 14.41% 7.50% 0.35x 5.47x CN¥142.90 Million
2014 14.04% 7.91% 0.31x 5.72x CN¥141.77 Million
2015 10.14% 7.27% 0.24x 5.78x CN¥5.45 Million
2016 3.96% 2.55% 0.29x 5.32x CN¥-246.78 Million
2017 3.60% 3.53% 0.22x 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 5.27% 5.06% 0.53x 1.96x CN¥-393.30 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
2025 6.10% 3.40% 0.96x 1.87x CN¥-417.85 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: $2,348,634,021
  • Average return on equity (ROE) among peers: -13.93%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
China Merchants Property Operation & Service Co Ltd (001914) CN¥11.10 Billion 14.68% 0.80x $1.39 Billion
Shenzhen SEG Co Ltd (000058) $1.66 Billion -7.79% 1.09x $975.55 Million
5I5j Holding Group Co Ltd (000560) $9.56 Billion -8.88% 2.39x $775.54 Million
DongGuan Winnerway Industrial Zone Ltd (000573) $1.36 Billion 1.00% 0.64x $376.40 Million
Beijing Mainstreets Investment (000609) $141.56 Million -176.41% 12.87x $504.48 Million
Rongfeng Holding Group (000668) $286.33 Million 9.98% 0.75x $456.40 Million
Sanxiang Co Ltd (000863) $5.70 Billion 3.70% 1.25x $763.66 Million
Shenzhen Worldunion Properties Consultancy Inc (002285) $989.27 Million 15.25% 0.22x $679.46 Million
Chongqing New Dazheng Property Grp (002968) $269.33 Million 32.70% 0.85x $296.68 Million
Shenzhen SEG Co Ltd (200058) $1.17 Billion 5.05% 0.25x $51.28 Million

About China Merchants Property Operation & Service Co Ltd

SHE:001914 China Real Estate Services
Market Cap
$1.39 Billion
CN¥9.52 Billion CNY
Market Cap Rank
#7690 Global
#1801 in China
Share Price
CN¥9.03
Change (1 day)
-1.20%
52-Week Range
CN¥9.03 - CN¥13.35
All Time High
CN¥36.03
Categories
Companies in China Real Estate Services
About

China Merchants Property Operation & Service Co., Ltd. engages in the real estate development and management. It also offers property and asset management services, 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 C… Read more