China Merchants Shekou Industrial Zone Holdings
China Merchants Shekou Industrial Zone Holdings Co., Ltd., together with its subsidiaries, develops and sells residential properties in China and internationally. The company operates through three segments: Development Business, Asset Operation, and Property Service. It is involved in the residential real estate development and construction, and real estate investment activities; operation and m… Read more
China Merchants Shekou Industrial Zone Holdings (001979) - Net Assets
Latest net assets as of September 2025: CN¥271.67 Billion CNY
Based on the latest financial reports, China Merchants Shekou Industrial Zone Holdings (001979) has net assets worth CN¥271.67 Billion 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¥861.48 Billion) and total liabilities (CN¥589.81 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¥271.67 Billion |
| % of Total Assets | 31.53% |
| Annual Growth Rate | 20.56% |
| 5-Year Change | 13.18% |
| 10-Year Change | 361.28% |
| Growth Volatility | 28.23 |
China Merchants Shekou Industrial Zone Holdings - Net Assets Trend (2012–2024)
This chart illustrates how China Merchants Shekou Industrial Zone Holdings'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 Shekou Industrial Zone Holdings (2012–2024)
The table below shows the annual net assets of China Merchants Shekou Industrial Zone Holdings from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥286.74 Billion | -3.35% |
| 2023-12-31 | CN¥296.69 Billion | +4.31% |
| 2022-12-31 | CN¥284.44 Billion | +2.78% |
| 2021-12-31 | CN¥276.76 Billion | +9.24% |
| 2020-12-31 | CN¥253.36 Billion | +11.43% |
| 2019-12-31 | CN¥227.37 Billion | +108.86% |
| 2018-12-31 | CN¥108.86 Billion | +17.33% |
| 2017-12-31 | CN¥92.78 Billion | +19.22% |
| 2016-12-31 | CN¥77.83 Billion | +25.20% |
| 2015-12-31 | CN¥62.16 Billion | +36.92% |
| 2014-12-31 | CN¥45.40 Billion | +13.30% |
| 2013-12-31 | CN¥40.07 Billion | +31.75% |
| 2012-12-31 | CN¥30.41 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Merchants Shekou Industrial Zone Holdings'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 747.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥64.27 Billion | 57.90% |
| Common Stock | CN¥9.06 Billion | 8.16% |
| Other Comprehensive Income | CN¥12.50 Billion | 11.26% |
| Other Components | CN¥25.17 Billion | 22.68% |
| Total Equity | CN¥111.01 Billion | 100.00% |
China Merchants Shekou Industrial Zone Holdings Competitors by Market Cap
The table below lists competitors of China Merchants Shekou Industrial Zone Holdings ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MOL Nyrt.
BUD:MOL
|
$4.20 Billion |
|
Contact Energy Ltd
AU:CEN
|
$4.20 Billion |
|
Amundi SA
PINK:AMDUF
|
$4.20 Billion |
|
Københavns Lufthavne A/S
F:KLH
|
$4.21 Billion |
|
Swire Pacific Ltd
PINK:SWRAY
|
$4.20 Billion |
|
EPR Properties
NYSE:EPR
|
$4.20 Billion |
|
Qube Holdings Limited
PINK:QUBHF
|
$4.20 Billion |
|
CALIWAY BIOPHARMACEUTICALS CO L
TW:6919
|
$4.19 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Merchants Shekou Industrial Zone Holdings's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 98,634,259,659 to 111,006,837,000, a change of 12,372,577,341 (12.5%).
- Net income of 4,038,572,000 contributed positively to equity growth.
- Dividend payments of 11,157,297,000 reduced retained earnings.
- Share repurchases of 9,059,000,000 reduced equity.
- Other comprehensive income increased equity by 5,769,867,010.
- Other factors increased equity by 22,780,435,331.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥4.04 Billion | +3.64% |
| Dividends Paid | CN¥11.16 Billion | -10.05% |
| Share Repurchases | CN¥9.06 Billion | -8.16% |
| Other Comprehensive Income | CN¥5.77 Billion | +5.2% |
| Other Changes | CN¥22.78 Billion | +20.52% |
| Total Change | CN¥- | 12.54% |
Book Value vs Market Value Analysis
This analysis compares China Merchants Shekou Industrial Zone Holdings'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: 0.95x
- 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 4.24x to 0.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥2.28 | CN¥9.66 | x |
| 2013-12-31 | CN¥2.57 | CN¥9.66 | x |
| 2014-12-31 | CN¥3.04 | CN¥9.66 | x |
| 2015-12-31 | CN¥8.46 | CN¥9.66 | x |
| 2016-12-31 | CN¥7.13 | CN¥9.66 | x |
| 2017-12-31 | CN¥8.64 | CN¥9.66 | x |
| 2018-12-31 | CN¥9.41 | CN¥9.66 | x |
| 2019-12-31 | CN¥11.77 | CN¥9.66 | x |
| 2020-12-31 | CN¥13.10 | CN¥9.66 | x |
| 2021-12-31 | CN¥14.04 | CN¥9.66 | x |
| 2022-12-31 | CN¥13.14 | CN¥9.66 | x |
| 2023-12-31 | CN¥10.15 | CN¥9.66 | x |
| 2024-12-31 | CN¥10.17 | CN¥9.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Merchants Shekou Industrial Zone Holdings 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): 3.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.26%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 7.75x
- Recent ROE (3.64%) is below the historical average (13.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 22.41% | 10.05% | 0.22x | 10.14x | CN¥1.54 Billion |
| 2013 | 19.81% | 8.01% | 0.23x | 10.84x | CN¥1.38 Billion |
| 2014 | 19.06% | 7.05% | 0.27x | 10.01x | CN¥1.52 Billion |
| 2015 | 10.40% | 9.85% | 0.23x | 4.52x | CN¥187.50 Million |
| 2016 | 16.98% | 15.07% | 0.25x | 4.44x | CN¥3.94 Billion |
| 2017 | 18.51% | 16.67% | 0.23x | 4.87x | CN¥5.82 Billion |
| 2018 | 20.08% | 17.26% | 0.21x | 5.58x | CN¥7.65 Billion |
| 2019 | 16.90% | 16.42% | 0.16x | 6.51x | CN¥6.55 Billion |
| 2020 | 12.09% | 9.45% | 0.18x | 7.27x | CN¥2.12 Billion |
| 2021 | 9.54% | 6.46% | 0.19x | 7.88x | CN¥-494.87 Million |
| 2022 | 4.19% | 2.33% | 0.21x | 8.72x | CN¥-5.91 Billion |
| 2023 | 6.41% | 3.61% | 0.19x | 9.21x | CN¥-3.54 Billion |
| 2024 | 3.64% | 2.26% | 0.21x | 7.75x | CN¥-7.06 Billion |
Industry Comparison
This section compares China Merchants Shekou Industrial Zone Holdings's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $13,024,946,017
- Average return on equity (ROE) among peers: 4.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Merchants Shekou Industrial Zone Holdings (001979) | CN¥271.67 Billion | 22.41% | 2.17x | $4.20 Billion |
| China Vanke Co Ltd Class A (000002) | $54.59 Billion | 13.34% | 2.95x | $5.23 Billion |
| Shenzhen Zhenye Group Co Ltd (000006) | $429.54 Million | 10.56% | 0.61x | $1.05 Billion |
| Shahe Industry Co Ltd (000014) | $1.68 Billion | 0.98% | 0.31x | $312.36 Million |
| Grandjoy Holdings Group Co Ltd (000031) | $47.50 Billion | -6.07% | 3.51x | $571.80 Million |
| China Union Holdings Ltd (000036) | $1.10 Billion | 8.64% | 1.40x | $361.94 Million |
| Shenzhen Centralcon Investment Holding Co Ltd (000042) | $2.53 Billion | 12.62% | 1.83x | $287.12 Million |
| Financial Street Holdings Co Ltd (000402) | $21.05 Billion | 10.78% | 2.33x | $774.22 Million |
| Chongqing Yukaifa Co Ltd (000514) | $120.33 Million | 7.23% | 0.42x | $208.71 Million |
| Rongan Property Co Ltd (000517) | $185.43 Million | -6.66% | 0.67x | $209.16 Million |
| Lander Sports Development Co Ltd (000558) | $1.08 Billion | -1.57% | 0.70x | $544.98 Million |