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

Latest as of December 2025: CN¥10.86 Billion CNY ≈ $1.59 Billion USD

Based on the latest financial reports, China Merchants Property Operation & Service Co Ltd (001914) has net assets worth CN¥10.86 Billion CNY (≈ $1.59 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥20.07 Billion ≈ $2.94 Billion USD) and total liabilities (CN¥9.21 Billion ≈ $1.35 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 China Merchants Property Operation & Ser (001914) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥10.86 Billion
% of Total Assets	54.1%
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. Also explore China Merchants Property Operation & Ser assets under control for the complete picture of this company's asset base.

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
Reinsurance Group of America Inc NYSE:RZB	$1.58 Billion
PC Connection Inc NASDAQ:CNXN	$1.58 Billion
Taiwan Secom Co Ltd TW:9917	$1.58 Billion
Rumble Inc. NASDAQ:RUM	$1.58 Billion
Suzhou Douson Drilling & Production Equipment Co Ltd SHG:603800	$1.58 Billion
Sildarvinnslan Hf. IC:SVN	$1.58 Billion
Tangshan Sunfar Silicon Ind SHG:603938	$1.58 Billion
Dongguan Development Holdings Co Ltd SHE:000828	$1.58 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: 1.01x
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 69.97x to 1.01x 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¥10.25	x
1992-12-31	CN¥0.40	CN¥10.25	x
1993-12-31	CN¥0.17	CN¥10.25	x
1994-12-31	CN¥0.60	CN¥10.25	x
1995-12-31	CN¥0.64	CN¥10.25	x
1996-12-31	CN¥0.65	CN¥10.25	x
1997-12-31	CN¥0.78	CN¥10.25	x
1998-12-31	CN¥0.77	CN¥10.25	x
1999-12-31	CN¥0.72	CN¥10.25	x
2000-12-31	CN¥0.72	CN¥10.25	x
2001-12-31	CN¥0.42	CN¥10.25	x
2002-12-31	CN¥0.61	CN¥10.25	x
2003-12-31	CN¥0.67	CN¥10.25	x
2004-12-31	CN¥0.72	CN¥10.25	x
2005-12-31	CN¥0.83	CN¥10.25	x
2006-12-31	CN¥0.72	CN¥10.25	x
2007-12-31	CN¥2.47	CN¥10.25	x
2008-12-31	CN¥2.17	CN¥10.25	x
2009-12-31	CN¥2.57	CN¥10.25	x
2010-12-31	CN¥2.97	CN¥10.25	x
2011-12-31	CN¥3.89	CN¥10.25	x
2012-12-31	CN¥4.38	CN¥10.25	x
2013-12-31	CN¥4.86	CN¥10.25	x
2014-12-31	CN¥5.26	CN¥10.25	x
2015-12-31	CN¥5.93	CN¥10.25	x
2016-12-31	CN¥6.12	CN¥10.25	x
2017-12-31	CN¥6.27	CN¥10.25	x
2018-12-31	CN¥7.26	CN¥10.25	x
2019-12-31	CN¥11.41	CN¥10.25	x
2020-12-31	CN¥7.83	CN¥10.25	x
2021-12-31	CN¥8.17	CN¥10.25	x
2022-12-31	CN¥8.63	CN¥10.25	x
2023-12-31	CN¥9.20	CN¥10.25	x
2024-12-31	CN¥9.83	CN¥10.25	x
2025-12-31	CN¥10.13	CN¥10.25	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: $1,584,981,704
Average return on equity (ROE) among peers: 3.62%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
China Merchants Property Operation & Service Co Ltd (001914)	CN¥10.86 Billion	14.68%	0.85x	$1.58 Billion
Shenzhen SEG Co Ltd (000058)	$2.48 Billion	1.04%	1.35x	$1.18 Billion
5I5j Holding Group Co Ltd (000560)	$305.32 Million	-15.39%	3.29x	$1.02 Billion
DongGuan Winnerway Industrial Zone Ltd (000573)	$1.50 Billion	4.23%	0.73x	$469.80 Million
Beijing Mainstreets Investment (000609)	$1.29 Billion	9.36%	0.46x	$631.48 Million
Rongfeng Holding Group (000668)	$356.74 Million	13.23%	1.51x	$340.58 Million
Sanxiang Co Ltd (000863)	$3.01 Billion	3.47%	3.47x	$837.95 Million
Shenzhen Worldunion Properties Consultancy Inc (002285)	$3.44 Billion	-9.88%	0.96x	$909.83 Million
Chongqing New Dazheng Property Grp (002968)	$754.94 Million	13.84%	0.32x	$407.93 Million
Shenzhen SEG Co Ltd (200058)	$1.13 Billion	12.65%	0.92x	$56.32 Million

About China Merchants Property Operation & Service Co Ltd

SHE:001914 China Real Estate Services

Market Cap

$1.58 Billion

CN¥10.80 Billion CNY

Market Cap Rank

#7166 Global

#1688 in China

Share Price

CN¥10.25

Change (1 day)

-1.25%

52-Week Range

CN¥9.52 - CN¥13.35

All Time High

CN¥36.03