Risesun Real Estate Development Co Ltd (002146) - Net Assets
Based on the latest financial reports, Risesun Real Estate Development Co Ltd (002146) has net assets worth CN¥7.63 Billion CNY (≈ $1.12 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¥127.71 Billion ≈ $18.69 Billion USD) and total liabilities (CN¥120.08 Billion ≈ $17.57 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 002146 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥7.63 Billion |
| % of Total Assets | 5.98% |
| Annual Growth Rate | 16.77% |
| 5-Year Change | -81.88% |
| 10-Year Change | -67.36% |
| Growth Volatility | 48.9 |
Risesun Real Estate Development Co Ltd - Net Assets Trend (2004–2025)
This chart illustrates how Risesun Real Estate Development Co Ltd's net assets have evolved over time, based on quarterly financial data. See Risesun Real Estate Development Co Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Risesun Real Estate Development Co Ltd (2004–2025)
The table below shows the annual net assets of Risesun Real Estate Development Co Ltd from 2004 to 2025. For live valuation and market cap data, see market cap of Risesun Real Estate Development Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥8.23 Billion ≈ $1.20 Billion |
-52.51% |
| 2024-12-31 | CN¥17.33 Billion ≈ $2.54 Billion |
-34.29% |
| 2023-12-31 | CN¥26.37 Billion ≈ $3.86 Billion |
+5.27% |
| 2022-12-31 | CN¥25.05 Billion ≈ $3.67 Billion |
-44.85% |
| 2021-12-31 | CN¥45.42 Billion ≈ $6.65 Billion |
-12.25% |
| 2020-12-31 | CN¥51.76 Billion ≈ $7.57 Billion |
+15.87% |
| 2019-12-31 | CN¥44.67 Billion ≈ $6.54 Billion |
+22.86% |
| 2018-12-31 | CN¥36.36 Billion ≈ $5.32 Billion |
+23.76% |
| 2017-12-31 | CN¥29.38 Billion ≈ $4.30 Billion |
+16.55% |
| 2016-12-31 | CN¥25.21 Billion ≈ $3.69 Billion |
+14.50% |
| 2015-12-31 | CN¥22.02 Billion ≈ $3.22 Billion |
+42.26% |
| 2014-12-31 | CN¥15.48 Billion ≈ $2.26 Billion |
+23.96% |
| 2013-12-31 | CN¥12.48 Billion ≈ $1.83 Billion |
+31.57% |
| 2012-12-31 | CN¥9.49 Billion ≈ $1.39 Billion |
+34.01% |
| 2011-12-31 | CN¥7.08 Billion ≈ $1.04 Billion |
+33.16% |
| 2010-12-31 | CN¥5.32 Billion ≈ $778.06 Million |
+37.57% |
| 2009-12-31 | CN¥3.87 Billion ≈ $565.57 Million |
+84.83% |
| 2008-12-31 | CN¥2.09 Billion ≈ $306.00 Million |
+18.90% |
| 2007-12-31 | CN¥1.76 Billion ≈ $257.36 Million |
+195.96% |
| 2006-12-31 | CN¥594.25 Million ≈ $86.96 Million |
+36.32% |
| 2005-12-31 | CN¥435.91 Million ≈ $63.79 Million |
+37.51% |
| 2004-12-31 | CN¥316.99 Million ≈ $46.39 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Risesun Real Estate Development 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 7624.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥14.68 Billion | 259.75% |
| Total Equity | CN¥5.65 Billion | 100.00% |
Risesun Real Estate Development Co Ltd Competitors by Market Cap
The table below lists competitors of Risesun Real Estate Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing SL Pharmaceutical Co Ltd
SHE:002038
|
$763.69 Million |
|
Anhui Huaheng Biotechnology Co. Ltd. A
SHG:688639
|
$763.84 Million |
|
INKON Life Technology Co Ltd
SHE:300143
|
$764.39 Million |
|
Hextar Global Bhd
KLSE:5151
|
$764.64 Million |
|
Jdd Tech New Mat Co Ltd
SHE:301538
|
$763.37 Million |
|
Replimune Group Inc
NASDAQ:REPL
|
$762.97 Million |
|
BTQ Technologies Corp.
NEO:BTQ
|
$762.85 Million |
|
Arrowhead Properties Ltd B
JSE:FTB
|
$762.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Risesun Real Estate Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 14,855,106,000 to 5,650,325,061, a change of -9,204,780,939 (-62.0%).
- Net loss of 9,427,545,119 reduced equity.
- Dividend payments of 118,527,360 reduced retained earnings.
- Other comprehensive income decreased equity by 5,735,282,000.
- Other factors increased equity by 6,076,573,540.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-9.43 Billion | -166.85% |
| Dividends Paid | CN¥118.53 Million | -2.1% |
| Other Comprehensive Income | CN¥-5.74 Billion | -101.5% |
| Other Changes | CN¥6.08 Billion | +107.54% |
| Total Change | CN¥- | -61.96% |
Book Value vs Market Value Analysis
This analysis compares Risesun Real Estate Development 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: 0.92x
- 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 9.13x to 0.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CN¥0.13 | CN¥1.20 | x |
| 2005-12-31 | CN¥0.18 | CN¥1.20 | x |
| 2006-12-31 | CN¥0.25 | CN¥1.20 | x |
| 2007-12-31 | CN¥0.68 | CN¥1.20 | x |
| 2008-12-31 | CN¥0.71 | CN¥1.20 | x |
| 2009-12-31 | CN¥1.10 | CN¥1.20 | x |
| 2010-12-31 | CN¥1.28 | CN¥1.20 | x |
| 2011-12-31 | CN¥1.64 | CN¥1.20 | x |
| 2012-12-31 | CN¥2.16 | CN¥1.20 | x |
| 2013-12-31 | CN¥2.90 | CN¥1.20 | x |
| 2014-12-31 | CN¥3.65 | CN¥1.20 | x |
| 2015-12-31 | CN¥5.39 | CN¥1.20 | x |
| 2016-12-31 | CN¥5.42 | CN¥1.20 | x |
| 2017-12-31 | CN¥6.30 | CN¥1.20 | x |
| 2018-12-31 | CN¥7.73 | CN¥1.20 | x |
| 2019-12-31 | CN¥9.41 | CN¥1.20 | x |
| 2020-12-31 | CN¥10.66 | CN¥1.20 | x |
| 2021-12-31 | CN¥9.16 | CN¥1.20 | x |
| 2022-12-31 | CN¥5.35 | CN¥1.20 | x |
| 2023-12-31 | CN¥5.51 | CN¥1.20 | x |
| 2024-12-31 | CN¥3.41 | CN¥1.20 | x |
| 2025-12-31 | CN¥1.30 | CN¥1.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Risesun Real Estate Development 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): -166.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -35.29%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 23.05x
- Recent ROE (-166.85%) is below the historical average (3.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 38.66% | 16.66% | 0.74x | 3.13x | CN¥90.78 Million |
| 2005 | 30.09% | 10.94% | 0.81x | 3.38x | CN¥87.26 Million |
| 2006 | 29.15% | 12.68% | 0.59x | 3.91x | CN¥113.81 Million |
| 2007 | 16.19% | 16.31% | 0.36x | 2.76x | CN¥108.74 Million |
| 2008 | 17.76% | 18.27% | 0.31x | 3.13x | CN¥161.96 Million |
| 2009 | 16.11% | 18.53% | 0.24x | 3.61x | CN¥231.11 Million |
| 2010 | 21.46% | 15.65% | 0.31x | 4.47x | CN¥545.43 Million |
| 2011 | 24.97% | 16.13% | 0.34x | 4.59x | CN¥918.57 Million |
| 2012 | 26.19% | 15.95% | 0.33x | 4.95x | CN¥1.32 Billion |
| 2013 | 26.52% | 15.16% | 0.32x | 5.42x | CN¥1.81 Billion |
| 2014 | 23.27% | 13.98% | 0.31x | 5.46x | CN¥1.84 Billion |
| 2015 | 11.77% | 10.36% | 0.23x | 4.99x | CN¥364.66 Million |
| 2016 | 17.53% | 13.55% | 0.21x | 6.16x | CN¥1.78 Billion |
| 2017 | 20.94% | 14.88% | 0.20x | 6.97x | CN¥3.01 Billion |
| 2018 | 22.52% | 13.42% | 0.25x | 6.78x | CN¥4.21 Billion |
| 2019 | 22.31% | 12.86% | 0.28x | 6.23x | CN¥5.03 Billion |
| 2020 | 16.19% | 10.49% | 0.25x | 6.23x | CN¥2.87 Billion |
| 2021 | -12.56% | -10.59% | 0.16x | 7.35x | CN¥-8.99 Billion |
| 2022 | -79.20% | -57.99% | 0.13x | 10.72x | CN¥-20.76 Billion |
| 2023 | 1.63% | 0.65% | 0.29x | 8.73x | CN¥-1.97 Billion |
| 2024 | -56.84% | -22.21% | 0.23x | 10.89x | CN¥-9.93 Billion |
| 2025 | -166.85% | -35.29% | 0.21x | 23.05x | CN¥-9.99 Billion |
Industry Comparison
This section compares Risesun Real Estate Development Co Ltd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $13,842,532,926
- Average return on equity (ROE) among peers: 10.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Risesun Real Estate Development Co Ltd (002146) | CN¥7.63 Billion | 38.66% | 15.73x | $763.53 Million |
| China Vanke Co Ltd Class A (000002) | $105.44 Billion | 14.34% | 3.54x | $4.35 Billion |
| Shenzhen Zhenye Group Co Ltd (000006) | $13.20 Million | 51.68% | 6.55x | $1.62 Billion |
| Shenzhen Properties & Resources Development Group Ltd (000011) | $474.22 Million | 16.24% | 4.14x | $566.74 Million |
| Shahe Industry Co Ltd (000014) | $240.39 Million | -21.34% | 1.43x | $351.71 Million |
| Grandjoy Holdings Group Co Ltd (000031) | $6.13 Billion | 7.57% | 2.29x | $1.46 Billion |
| China Union Holdings Ltd (000036) | $2.88 Billion | 6.70% | 3.16x | $1.01 Billion |
| Shenzhen Centralcon Investment Holding Co Ltd (000042) | $1.60 Billion | 4.75% | 1.62x | $868.76 Million |
| Shenzhen Wongtee International Enterprise Co Ltd (000056) | $5.55 Billion | 0.90% | 1.24x | $229.54 Million |
| Financial Street Holdings Co Ltd (000402) | $15.94 Billion | 8.57% | 1.66x | $1.17 Billion |
| Chongqing Yukaifa Co Ltd (000514) | $143.24 Million | 12.18% | 2.79x | $485.24 Million |
About Risesun Real Estate Development Co Ltd
RiseSun Real Estate Development Co.,Ltd engages in development and sale of real estate properties in China. The company develops commercial, urban housing, tourism real estate, health care properties, and industrial parks. It also offers real estate funds and commercial banking services; provides property management service; and operates hotels. RiseSun Real Estate Development Co.,Ltd was founded… Read more