Suning Commerce Group Co Ltd (002024) - Net Assets

Latest as of March 2026: CN¥10.36 Billion CNY ≈ $1.52 Billion USD

Based on the latest financial reports, Suning Commerce Group Co Ltd (002024) has net assets worth CN¥10.36 Billion CNY (≈ $1.52 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¥110.01 Billion ≈ $16.10 Billion USD) and total liabilities (CN¥99.66 Billion ≈ $14.58 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 tangible net worth ratio of Suning Commerce Group Co Ltd to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥10.36 Billion
% of Total Assets	9.41%
Annual Growth Rate	21.46%
5-Year Change	-65.58%
10-Year Change	-84.73%
Growth Volatility	62.98

Suning Commerce Group Co Ltd - Net Assets Trend (2001–2025)

This chart illustrates how Suning Commerce Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002024 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Suning Commerce Group Co Ltd (2001–2025)

The table below shows the annual net assets of Suning Commerce Group Co Ltd from 2001 to 2025. For live valuation and market cap data, see 002024 stock market capitalisation.

Year	Net Assets	Change
2025-12-31	CN¥10.68 Billion ≈ $1.56 Billion	-4.29%
2024-12-31	CN¥11.16 Billion ≈ $1.63 Billion	+10.09%
2023-12-31	CN¥10.14 Billion ≈ $1.48 Billion	-32.82%
2022-12-31	CN¥15.09 Billion ≈ $2.21 Billion	-51.37%
2021-12-31	CN¥31.03 Billion ≈ $4.54 Billion	-59.61%
2020-12-31	CN¥76.83 Billion ≈ $11.24 Billion	-11.83%
2019-12-31	CN¥87.14 Billion ≈ $12.75 Billion	-1.21%
2018-12-31	CN¥88.21 Billion ≈ $12.91 Billion	+5.48%
2017-12-31	CN¥83.63 Billion ≈ $12.24 Billion	+19.60%
2016-12-31	CN¥69.92 Billion ≈ $10.23 Billion	+119.02%
2015-12-31	CN¥31.93 Billion ≈ $4.67 Billion	+8.09%
2014-12-31	CN¥29.54 Billion ≈ $4.32 Billion	+2.91%
2013-12-31	CN¥28.70 Billion ≈ $4.20 Billion	-1.40%
2012-12-31	CN¥29.11 Billion ≈ $4.26 Billion	+26.40%
2011-12-31	CN¥23.03 Billion ≈ $3.37 Billion	+22.21%
2010-12-31	CN¥18.85 Billion ≈ $2.76 Billion	+26.27%
2009-12-31	CN¥14.92 Billion ≈ $2.18 Billion	+63.79%
2008-12-31	CN¥9.11 Billion ≈ $1.33 Billion	+88.74%
2007-12-31	CN¥4.83 Billion ≈ $706.47 Million	+50.30%
2006-12-31	CN¥3.21 Billion ≈ $470.03 Million	+159.43%
2005-12-31	CN¥1.24 Billion ≈ $181.18 Million	+43.04%
2004-12-31	CN¥865.58 Million ≈ $126.66 Million	+223.99%
2003-12-31	CN¥267.16 Million ≈ $39.09 Million	+71.31%
2002-12-31	CN¥155.96 Million ≈ $22.82 Million	+55.28%
2001-12-31	CN¥100.43 Million ≈ $14.70 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 128726.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	CN¥40.68 Billion	322.02%
Total Equity	CN¥12.63 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
Companhia Siderúrgica Nacional MX:SIDN	$1.64 Billion
Archi Indonesia Tbk PT JK:ARCI	$1.64 Billion
Jiangsu Tongguang Electronic Wire&Cable Co Ltd SHE:300265	$1.64 Billion
Tibet Cheezheng Tibetan Medicine Co Ltd SHE:002287	$1.64 Billion
Clover Health Investments Corp NASDAQ:CLOV	$1.64 Billion
JSL Construction & Development Co Ltd TW:2540	$1.64 Billion
Guizhou Broadcasting&TV Info SHG:600996	$1.64 Billion
Gudeng Precision Industrial Co Ltd TWO:3680	$1.64 Billion

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 2024 to 2025, total equity changed from 12,430,605,000 to 12,631,961,000, a change of 201,356,000 (1.6%).
Net income of 58,140,000 contributed positively to equity growth.
Dividend payments of 1,094,113,000 reduced retained earnings.
Other factors increased equity by 1,237,329,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥58.14 Million	+0.46%
Dividends Paid	CN¥1.09 Billion	-8.66%
Other Changes	CN¥1.24 Billion	+9.8%
Total Change	CN¥-	1.62%

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: 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 115.73x 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
2001-12-31	CN¥0.01	CN¥1.21	x
2002-12-31	CN¥0.02	CN¥1.21	x
2003-12-31	CN¥0.04	CN¥1.21	x
2004-12-31	CN¥0.13	CN¥1.21	x
2005-12-31	CN¥0.19	CN¥1.21	x
2006-12-31	CN¥0.49	CN¥1.21	x
2007-12-31	CN¥0.72	CN¥1.21	x
2008-12-31	CN¥1.32	CN¥1.21	x
2009-12-31	CN¥2.16	CN¥1.21	x
2010-12-31	CN¥2.61	CN¥1.21	x
2011-12-31	CN¥3.20	CN¥1.21	x
2012-12-31	CN¥3.93	CN¥1.21	x
2013-12-31	CN¥3.82	CN¥1.21	x
2014-12-31	CN¥4.05	CN¥1.21	x
2015-12-31	CN¥4.19	CN¥1.21	x
2016-12-31	CN¥7.46	CN¥1.21	x
2017-12-31	CN¥8.43	CN¥1.21	x
2018-12-31	CN¥8.74	CN¥1.21	x
2019-12-31	CN¥9.54	CN¥1.21	x
2020-12-31	CN¥8.30	CN¥1.21	x
2021-12-31	CN¥3.45	CN¥1.21	x
2022-12-31	CN¥1.73	CN¥1.21	x
2023-12-31	CN¥1.25	CN¥1.21	x
2024-12-31	CN¥1.43	CN¥1.21	x
2025-12-31	CN¥1.36	CN¥1.21	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): 0.46%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.12%
• Asset Turnover: 0.45x
• Equity Multiplier: 8.70x
Recent ROE (0.46%) is below the historical average (3.15%), suggesting potential challenges in 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
2025	0.46%	0.12%	0.45x	8.70x	CN¥-1.21 Billion

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: $2,143,208,832
Average return on equity (ROE) among peers: 12.58%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Suning Commerce Group Co Ltd (002024)	CN¥10.36 Billion	25.94%	9.62x	$1.64 Billion
Haining China Leather Market Co Ltd (002344)	$7.50 Billion	4.85%	0.47x	$696.32 Million
Zhejiang Aishida Electric Co Ltd (002403)	$237.05 Million	25.89%	3.67x	$481.02 Million
Shenzhen Aisidi Co Ltd (002416)	$5.65 Billion	12.40%	1.00x	$1.94 Billion
Beijing Sanfo Outdoor Products Co Ltd (002780)	$716.32 Million	-3.65%	0.41x	$313.84 Million
Doctorglasses Chain Co Ltd (300622)	$233.35 Million	15.12%	0.21x	$719.79 Million
BYBON Group Co Ltd Class A (300736)	$96.69 Million	16.73%	1.04x	$666.09 Million
Kidswant Children Products Co.Ltd. (301078)	$1.70 Billion	22.21%	1.56x	$1.37 Billion
Ziel Home Furnishing Technology Co. Ltd. A (301376)	$1.54 Billion	15.57%	1.22x	$899.90 Million
Jiangsu Holly Corp (600128)	$1.61 Billion	4.11%	0.78x	$303.49 Million

About Suning Commerce Group Co Ltd

SHE:002024 China Specialty Retail

Market Cap

$1.64 Billion

CN¥11.21 Billion CNY

Market Cap Rank

#7008 Global

#1581 in China

Share Price

CN¥1.21

Change (1 day)

-0.82%

52-Week Range

CN¥1.16 - CN¥2.00

All Time High

CN¥16.69