Suning Commerce Group Co Ltd
Suning.com Co., Ltd. operates as a retail business in China. It offers cover home appliances, consumer electronics, maternity and baby products, fast-moving consumer goods, and department stores. The company also operates self-operated stores and Suning Tesco's retail cloud franchise stores. It was formerly known as Suning Commerce Group Co., Ltd. and changed its name to Suning.com Co., Ltd. in F… Read more
Suning Commerce Group Co Ltd (002024) - Net Assets
Latest net assets as of September 2025: CN¥11.31 Billion CNY
Based on the latest financial reports, Suning Commerce Group Co Ltd (002024) has net assets worth CN¥11.31 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¥114.75 Billion) and total liabilities (CN¥103.44 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¥11.31 Billion |
| % of Total Assets | 9.86% |
| Annual Growth Rate | 22.73% |
| 5-Year Change | -85.48% |
| 10-Year Change | -65.05% |
| Growth Volatility | 63.79 |
Suning Commerce Group Co Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Suning Commerce Group 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 Suning Commerce Group Co Ltd (2001–2024)
The table below shows the annual net assets of Suning Commerce Group Co Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥11.16 Billion | +10.09% |
| 2023-12-31 | CN¥10.14 Billion | -32.82% |
| 2022-12-31 | CN¥15.09 Billion | -51.37% |
| 2021-12-31 | CN¥31.03 Billion | -59.61% |
| 2020-12-31 | CN¥76.83 Billion | -11.83% |
| 2019-12-31 | CN¥87.14 Billion | -1.21% |
| 2018-12-31 | CN¥88.21 Billion | +5.48% |
| 2017-12-31 | CN¥83.63 Billion | +19.60% |
| 2016-12-31 | CN¥69.92 Billion | +119.02% |
| 2015-12-31 | CN¥31.93 Billion | +8.09% |
| 2014-12-31 | CN¥29.54 Billion | +2.91% |
| 2013-12-31 | CN¥28.70 Billion | -1.40% |
| 2012-12-31 | CN¥29.11 Billion | +26.40% |
| 2011-12-31 | CN¥23.03 Billion | +22.21% |
| 2010-12-31 | CN¥18.85 Billion | +26.27% |
| 2009-12-31 | CN¥14.92 Billion | +63.79% |
| 2008-12-31 | CN¥9.11 Billion | +88.74% |
| 2007-12-31 | CN¥4.83 Billion | +50.30% |
| 2006-12-31 | CN¥3.21 Billion | +159.43% |
| 2005-12-31 | CN¥1.24 Billion | +43.04% |
| 2004-12-31 | CN¥865.58 Million | +223.99% |
| 2003-12-31 | CN¥267.16 Million | +71.31% |
| 2002-12-31 | CN¥155.96 Million | +55.28% |
| 2001-12-31 | CN¥100.43 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Suning Commerce 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 126971.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥9.26 Billion | 74.53% |
| Other Components | CN¥30.83 Billion | 248.00% |
| Total Equity | CN¥12.43 Billion | 100.00% |
Suning Commerce Group Co Ltd Competitors by Market Cap
The table below lists competitors of Suning Commerce Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
R&S GROUP HOLDING AG
SW:RSGN
|
$649.28 Million |
|
QuinStreet Inc
NASDAQ:QNST
|
$649.44 Million |
|
Temple & Webster Group Ltd
PINK:TPLWF
|
$649.48 Million |
|
Talkspace Inc
NASDAQ:TALK
|
$649.77 Million |
|
Wuhan Zhongyuan Huadian Sci Tech
SHE:300018
|
$648.83 Million |
|
Atrium Ljungberg AB (publ)
ST:ATRLJ-B
|
$648.78 Million |
|
Immatics NV
NASDAQ:IMTX
|
$648.56 Million |
|
LIFETECH SCI.DL-00000125
F:81X
|
$648.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Suning Commerce Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,375,416,000 to 12,430,605,000, a change of 1,055,189,000 (9.3%).
- Net income of 610,611,000 contributed positively to equity growth.
- Dividend payments of 1,324,178,000 reduced retained earnings.
- Share repurchases of 100,000,000 reduced equity.
- Other factors increased equity by 1,868,756,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥610.61 Million | +4.91% |
| Dividends Paid | CN¥1.32 Billion | -10.65% |
| Share Repurchases | CN¥100.00 Million | -0.8% |
| Other Changes | CN¥1.87 Billion | +15.03% |
| Total Change | CN¥- | 9.28% |
Book Value vs Market Value Analysis
This analysis compares Suning Commerce 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
- Current price-to-book ratio: 1.06x
- 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 144.42x to 1.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CN¥0.01 | CN¥1.51 | x |
| 2002-12-31 | CN¥0.02 | CN¥1.51 | x |
| 2003-12-31 | CN¥0.04 | CN¥1.51 | x |
| 2004-12-31 | CN¥0.13 | CN¥1.51 | x |
| 2005-12-31 | CN¥0.19 | CN¥1.51 | x |
| 2006-12-31 | CN¥0.49 | CN¥1.51 | x |
| 2007-12-31 | CN¥0.72 | CN¥1.51 | x |
| 2008-12-31 | CN¥1.32 | CN¥1.51 | x |
| 2009-12-31 | CN¥2.16 | CN¥1.51 | x |
| 2010-12-31 | CN¥2.61 | CN¥1.51 | x |
| 2011-12-31 | CN¥3.20 | CN¥1.51 | x |
| 2012-12-31 | CN¥3.93 | CN¥1.51 | x |
| 2013-12-31 | CN¥3.82 | CN¥1.51 | x |
| 2014-12-31 | CN¥4.05 | CN¥1.51 | x |
| 2015-12-31 | CN¥4.19 | CN¥1.51 | x |
| 2016-12-31 | CN¥7.46 | CN¥1.51 | x |
| 2017-12-31 | CN¥8.43 | CN¥1.51 | x |
| 2018-12-31 | CN¥8.74 | CN¥1.51 | x |
| 2019-12-31 | CN¥9.54 | CN¥1.51 | x |
| 2020-12-31 | CN¥8.30 | CN¥1.51 | x |
| 2021-12-31 | CN¥3.45 | CN¥1.51 | x |
| 2022-12-31 | CN¥1.73 | CN¥1.51 | x |
| 2023-12-31 | CN¥1.25 | CN¥1.51 | x |
| 2024-12-31 | CN¥1.43 | CN¥1.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Suning Commerce 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): 4.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.08%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 9.58x
- Recent ROE (4.91%) is above the historical average (3.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 25.94% | 1.52% | 2.44x | 7.00x | CN¥15.52 Million |
| 2002 | 38.87% | 1.66% | 8.29x | 2.82x | CN¥43.50 Million |
| 2003 | 38.74% | 1.64% | 7.99x | 2.96x | CN¥73.37 Million |
| 2004 | 21.81% | 1.99% | 4.44x | 2.47x | CN¥98.11 Million |
| 2005 | 29.99% | 2.20% | 3.68x | 3.70x | CN¥233.73 Million |
| 2006 | 24.56% | 2.90% | 2.96x | 2.87x | CN¥449.20 Million |
| 2007 | 31.69% | 3.65% | 2.47x | 3.51x | CN¥1.00 Billion |
| 2008 | 24.73% | 4.35% | 2.31x | 2.46x | CN¥1.29 Billion |
| 2009 | 19.88% | 4.96% | 1.63x | 2.46x | CN¥1.44 Billion |
| 2010 | 21.88% | 5.31% | 1.72x | 2.39x | CN¥2.18 Billion |
| 2011 | 21.59% | 5.13% | 1.57x | 2.68x | CN¥2.59 Billion |
| 2012 | 9.40% | 2.72% | 1.29x | 2.68x | CN¥-169.79 Million |
| 2013 | 1.31% | 0.35% | 1.28x | 2.90x | CN¥-2.47 Billion |
| 2014 | 2.96% | 0.80% | 1.33x | 2.81x | CN¥-2.06 Billion |
| 2015 | 2.86% | 0.64% | 1.54x | 2.89x | CN¥-2.18 Billion |
| 2016 | 1.07% | 0.47% | 1.08x | 2.09x | CN¥-5.87 Billion |
| 2017 | 5.34% | 2.24% | 1.19x | 1.99x | CN¥-3.68 Billion |
| 2018 | 16.47% | 5.71% | 1.17x | 2.47x | CN¥5.24 Billion |
| 2019 | 11.20% | 3.66% | 1.14x | 2.69x | CN¥1.05 Billion |
| 2020 | -5.56% | -1.69% | 1.19x | 2.76x | CN¥-11.96 Billion |
| 2021 | -134.79% | -31.15% | 0.81x | 5.32x | CN¥-46.47 Billion |
| 2022 | -100.66% | -22.73% | 0.51x | 8.68x | CN¥-17.83 Billion |
| 2023 | -35.95% | -6.53% | 0.51x | 10.70x | CN¥-5.23 Billion |
| 2024 | 4.91% | 1.08% | 0.48x | 9.58x | CN¥-632.45 Million |
Industry Comparison
This section compares Suning Commerce Group Co Ltd's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $2,097,132,633
- Average return on equity (ROE) among peers: 10.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Suning Commerce Group Co Ltd (002024) | CN¥11.31 Billion | 25.94% | 9.14x | $649.12 Million |
| Haining China Leather Market Co Ltd (002344) | $7.19 Billion | 7.65% | 0.83x | $370.32 Million |
| Zhejiang Aishida Electric Co Ltd (002403) | $186.69 Million | 25.29% | 5.80x | $199.80 Million |
| Shenzhen Aisidi Co Ltd (002416) | $5.11 Billion | -1.81% | 1.01x | $1.16 Billion |
| Beijing Sanfo Outdoor Products Co Ltd (002780) | $621.78 Million | -3.46% | 0.79x | $257.90 Million |
| Doctorglasses Chain Co Ltd (300622) | $197.00 Million | 15.71% | 0.23x | $504.33 Million |
| BYBON Group Co Ltd Class A (300736) | $160.46 Million | 4.06% | 0.49x | $243.36 Million |
| Kidswant Children Products Co.Ltd. (301078) | $1.70 Billion | 22.21% | 1.56x | $977.44 Million |
| Hangzhou Tianyuan Pet Products Co. Ltd. A (301335) | $1.91 Billion | 6.75% | 0.23x | $169.32 Million |
| Ziel Home Furnishing Technology Co. Ltd. A (301376) | $1.81 Billion | 13.84% | 0.92x | $190.95 Million |