Shanghai Yanhua Smartech Group (002178) - Net Assets

Latest as of September 2025: CN¥548.52 Million CNY ≈ $80.27 Million USD

Based on the latest financial reports, Shanghai Yanhua Smartech Group (002178) has net assets worth CN¥548.52 Million CNY (≈ $80.27 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.37 Billion ≈ $200.53 Million USD) and total liabilities (CN¥821.83 Million ≈ $120.26 Million 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 Shanghai Yanhua Smartech Group liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥548.52 Million
% of Total Assets	40.03%
Annual Growth Rate	16.48%
5-Year Change	-22.08%
10-Year Change	-54.98%
Growth Volatility	47.71

Shanghai Yanhua Smartech Group - Net Assets Trend (2004–2024)

This chart illustrates how Shanghai Yanhua Smartech Group's net assets have evolved over time, based on quarterly financial data. Also explore 002178 asset base for the complete picture of this company's asset base.

Annual Net Assets for Shanghai Yanhua Smartech Group (2004–2024)

The table below shows the annual net assets of Shanghai Yanhua Smartech Group from 2004 to 2024. For live valuation and market cap data, see how much is Shanghai Yanhua Smartech Group worth.

Year	Net Assets	Change
2024-12-31	CN¥570.28 Million ≈ $83.45 Million	-10.05%
2023-12-31	CN¥633.97 Million ≈ $92.77 Million	+9.30%
2022-12-31	CN¥580.05 Million ≈ $84.88 Million	-21.20%
2021-12-31	CN¥736.11 Million ≈ $107.72 Million	+0.58%
2020-12-31	CN¥731.88 Million ≈ $107.10 Million	-29.71%
2019-12-31	CN¥1.04 Billion ≈ $152.37 Million	+1.07%
2018-12-31	CN¥1.03 Billion ≈ $150.75 Million	-20.03%
2017-12-31	CN¥1.29 Billion ≈ $188.51 Million	+0.61%
2016-12-31	CN¥1.28 Billion ≈ $187.37 Million	+1.08%
2015-12-31	CN¥1.27 Billion ≈ $185.37 Million	+58.72%
2014-12-31	CN¥798.11 Million ≈ $116.79 Million	+15.21%
2013-12-31	CN¥692.76 Million ≈ $101.37 Million	+87.71%
2012-12-31	CN¥369.05 Million ≈ $54.00 Million	+7.07%
2011-12-31	CN¥344.69 Million ≈ $50.44 Million	+5.38%
2010-12-31	CN¥327.11 Million ≈ $47.87 Million	+11.12%
2009-12-31	CN¥294.38 Million ≈ $43.08 Million	+5.77%
2008-12-31	CN¥278.31 Million ≈ $40.73 Million	+3.35%
2007-12-31	CN¥269.30 Million ≈ $39.41 Million	+144.56%
2006-12-31	CN¥110.12 Million ≈ $16.11 Million	+126.79%
2005-12-31	CN¥48.56 Million ≈ $7.11 Million	+79.97%
2004-12-31	CN¥26.98 Million ≈ $3.95 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shanghai Yanhua Smartech Group'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 6652.1% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	CN¥712.15 Million	166.05%
Other Comprehensive Income	CN¥30.20 Million	7.04%
Other Components	CN¥232.08 Million	54.11%
Total Equity	CN¥428.88 Million	100.00%

Shanghai Yanhua Smartech Group Competitors by Market Cap

The table below lists competitors of Shanghai Yanhua Smartech Group ranked by their market capitalization.

Company	Market Cap
Markor International Home Furnishings Co Ltd SHG:600337	$607.70 Million
Washington Trust Bancorp Inc NASDAQ:WASH	$608.14 Million
Hangzhou Electn Soul Network SHG:603258	$608.51 Million
Chongqing Yukaifa Co Ltd SHE:000514	$608.71 Million
Valor Estate Limited NSE:DBREALTY	$607.53 Million
Beijing Jingyeda Technology Co Ltd SHE:003005	$607.44 Million
Selamat Sempurna Tbk JK:SMSM	$607.38 Million
Zhejiang Hongchang Electrical Technology Co. Ltd. SHE:301008	$607.31 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shanghai Yanhua Smartech Group's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 450,173,540 to 428,878,378, a change of -21,295,162 (-4.7%).
Net loss of 21,295,162 reduced equity.
Dividend payments of 4,601,141 reduced retained earnings.
Other comprehensive income increased equity by 30,201,790.
Other factors decreased equity by 25,600,649.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥-21.30 Million	-4.97%
Dividends Paid	CN¥4.60 Million	-1.07%
Other Comprehensive Income	CN¥30.20 Million	+7.04%
Other Changes	CN¥-25.60 Million	-5.97%
Total Change	CN¥-	-4.73%

Book Value vs Market Value Analysis

This analysis compares Shanghai Yanhua Smartech Group'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: 9.65x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 15.36x to 9.65x 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¥0.38	CN¥5.83	x
2005-12-31	CN¥0.63	CN¥5.83	x
2006-12-31	CN¥0.34	CN¥5.83	x
2007-12-31	CN¥0.67	CN¥5.83	x
2008-12-31	CN¥0.54	CN¥5.83	x
2009-12-31	CN¥0.59	CN¥5.83	x
2010-12-31	CN¥0.62	CN¥5.83	x
2011-12-31	CN¥0.59	CN¥5.83	x
2012-12-31	CN¥0.62	CN¥5.83	x
2013-12-31	CN¥1.18	CN¥5.83	x
2014-12-31	CN¥1.18	CN¥5.83	x
2015-12-31	CN¥1.69	CN¥5.83	x
2016-12-31	CN¥2.35	CN¥5.83	x
2017-12-31	CN¥2.33	CN¥5.83	x
2018-12-31	CN¥1.18	CN¥5.83	x
2019-12-31	CN¥1.21	CN¥5.83	x
2020-12-31	CN¥0.79	CN¥5.83	x
2021-12-31	CN¥0.80	CN¥5.83	x
2022-12-31	CN¥0.59	CN¥5.83	x
2023-12-31	CN¥0.60	CN¥5.83	x
2024-12-31	CN¥0.60	CN¥5.83	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shanghai Yanhua Smartech Group 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): -4.97%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -3.88%
• Asset Turnover: 0.39x
• Equity Multiplier: 3.29x
Recent ROE (-4.97%) is below the historical average (2.38%), 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	50.20%	9.49%	1.33x	3.99x	CN¥9.70 Million
2005	42.07%	9.85%	1.15x	3.72x	CN¥12.89 Million
2006	21.15%	9.83%	1.21x	1.78x	CN¥12.21 Million
2007	9.23%	12.14%	0.51x	1.49x	CN¥-2.08 Million
2008	4.71%	6.09%	0.56x	1.39x	CN¥-14.70 Million
2009	5.48%	5.38%	0.68x	1.49x	CN¥-13.29 Million
2010	5.10%	4.07%	0.75x	1.67x	CN¥-15.19 Million
2011	-3.12%	-1.96%	0.64x	2.50x	CN¥-39.49 Million
2012	5.52%	2.92%	0.72x	2.61x	CN¥-14.26 Million
2013	5.65%	4.85%	0.65x	1.80x	CN¥-28.94 Million
2014	7.64%	7.03%	0.61x	1.79x	CN¥-17.89 Million
2015	8.86%	9.15%	0.53x	1.83x	CN¥-13.12 Million
2016	3.83%	4.04%	0.48x	1.98x	CN¥-71.71 Million
2017	2.18%	2.12%	0.53x	1.93x	CN¥-90.22 Million
2018	-33.95%	-25.15%	0.57x	2.38x	CN¥-369.87 Million
2019	1.32%	1.24%	0.45x	2.36x	CN¥-74.94 Million
2020	-50.86%	-43.58%	0.38x	3.05x	CN¥-344.19 Million
2021	1.58%	1.10%	0.46x	3.10x	CN¥-48.14 Million
2022	-36.66%	-24.71%	0.38x	3.87x	CN¥-196.84 Million
2023	5.00%	3.33%	0.42x	3.57x	CN¥-22.51 Million
2024	-4.97%	-3.88%	0.39x	3.29x	CN¥-64.18 Million

Industry Comparison

This section compares Shanghai Yanhua Smartech Group's net assets metrics with peer companies in the Engineering & Construction industry.

Industry Context

Industry: Engineering & Construction
Average net assets among peers: $2,659,169,713
Average return on equity (ROE) among peers: 4.10%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shanghai Yanhua Smartech Group (002178)	CN¥548.52 Million	50.20%	1.50x	$607.55 Million
Shenzhen Ecobeauty Co Ltd (000010)	$86.44 Million	8.33%	1.82x	$486.19 Million
Shenzhen Sed Industry Co Ltd (000032)	$659.52 Million	6.07%	1.00x	$3.08 Billion
NORINCO International Cooperation Ltd (000065)	$9.29 Billion	9.88%	1.56x	$2.17 Billion
Shenzhen Tagen Group Co Ltd (000090)	$3.07 Billion	6.62%	1.44x	$962.46 Million
Shandong Hi-Speed Road&Bridge (000498)	$518.35 Million	-21.04%	2.07x	$1.26 Billion
Jinyuan Cement Co Ltd (000546)	$6.14 Billion	1.41%	0.76x	$878.49 Million
Hunan Investment Group Co Ltd (000548)	$1.55 Billion	3.80%	0.54x	$389.36 Million
ChengDu Hi-Tech Development Co Ltd (000628)	$686.52 Million	6.80%	4.78x	$3.41 Billion
Gansu Engineering Consulting Group Co Ltd (000779)	$2.16 Billion	14.25%	0.81x	$602.65 Million
Hainan Expressway Co Ltd (000886)	$2.44 Billion	4.85%	0.21x	$800.17 Million

About Shanghai Yanhua Smartech Group

SHE:002178 China Engineering & Construction

Market Cap

$607.55 Million

CN¥4.15 Billion CNY

Market Cap Rank

#11533 Global

#3507 in China

Share Price

CN¥5.83

Change (1 day)

-3.80%

52-Week Range

CN¥5.62 - CN¥7.79

All Time High

CN¥15.90