Hunan Friendship&Apollo Commercial Co Ltd (002277) - Net Assets

Latest as of September 2025: CN¥6.89 Billion CNY ≈ $1.01 Billion USD

Based on the latest financial reports, Hunan Friendship&Apollo Commercial Co Ltd (002277) has net assets worth CN¥6.89 Billion CNY (≈ $1.01 Billion 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¥14.75 Billion ≈ $2.16 Billion USD) and total liabilities (CN¥7.86 Billion ≈ $1.15 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 Hunan Friendship&Apollo Commercial Co Lt liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥6.89 Billion
% of Total Assets	46.7%
Annual Growth Rate	17.79%
5-Year Change	-7.61%
10-Year Change	83.23%
Growth Volatility	48.55

Hunan Friendship&Apollo Commercial Co Ltd - Net Assets Trend (2006–2024)

This chart illustrates how Hunan Friendship&Apollo Commercial Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Hunan Friendship&Apollo Commercial Co Lt for the complete picture of this company's asset base.

Annual Net Assets for Hunan Friendship&Apollo Commercial Co Ltd (2006–2024)

The table below shows the annual net assets of Hunan Friendship&Apollo Commercial Co Ltd from 2006 to 2024. For live valuation and market cap data, see 002277 company net worth.

Year	Net Assets	Change
2024-12-31	CN¥6.92 Billion ≈ $1.01 Billion	+0.51%
2023-12-31	CN¥6.89 Billion ≈ $1.01 Billion	+0.11%
2022-12-31	CN¥6.88 Billion ≈ $1.01 Billion	-0.61%
2021-12-31	CN¥6.92 Billion ≈ $1.01 Billion	-7.62%
2020-12-31	CN¥7.49 Billion ≈ $1.10 Billion	-0.79%
2019-12-31	CN¥7.55 Billion ≈ $1.10 Billion	-0.38%
2018-12-31	CN¥7.58 Billion ≈ $1.11 Billion	+23.90%
2017-12-31	CN¥6.12 Billion ≈ $895.12 Million	+8.03%
2016-12-31	CN¥5.66 Billion ≈ $828.57 Million	+49.92%
2015-12-31	CN¥3.78 Billion ≈ $552.66 Million	+7.27%
2014-12-31	CN¥3.52 Billion ≈ $515.21 Million	+14.05%
2013-12-31	CN¥3.09 Billion ≈ $451.74 Million	+18.42%
2012-12-31	CN¥2.61 Billion ≈ $381.46 Million	+30.35%
2011-12-31	CN¥2.00 Billion ≈ $292.64 Million	+14.22%
2010-12-31	CN¥1.75 Billion ≈ $256.22 Million	+15.23%
2009-12-31	CN¥1.52 Billion ≈ $222.35 Million	+215.50%
2008-12-31	CN¥481.60 Million ≈ $70.47 Million	+23.44%
2007-12-31	CN¥390.15 Million ≈ $57.09 Million	+7.44%
2006-12-31	CN¥363.15 Million ≈ $53.14 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Hunan Friendship&Apollo Commercial 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 grown by 3071.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥3.88 Billion	57.61%
Common Stock	CN¥1.39 Billion	20.70%
Other Comprehensive Income	CN¥753.63 Million	11.19%
Other Components	CN¥707.80 Million	10.51%
Total Equity	CN¥6.74 Billion	100.00%

Hunan Friendship&Apollo Commercial Co Ltd Competitors by Market Cap

The table below lists competitors of Hunan Friendship&Apollo Commercial Co Ltd ranked by their market capitalization.

Company	Market Cap
Jasa Marga Tbk JK:JSMR	$1.26 Billion
ProAssurance Corporation NYSE:PRA	$1.26 Billion
GuangZhou BaiYun Elec Equip Co SHG:603861	$1.26 Billion
ATRESM.C.D.M.ADR/1/EO-75 F:YT2	$1.26 Billion
Shaily Engineering Plastics Limited NSE:SHAILY	$1.26 Billion
Shandong Hi-Speed Road&Bridge SHE:000498	$1.26 Billion
Lindab International AB ST:LIAB	$1.26 Billion
BioGaia AB (publ) ST:BIOG-B	$1.26 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Hunan Friendship&Apollo Commercial Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 6,679,954,647 to 6,735,985,640, a change of 56,030,993 (0.8%).
Net income of 28,011,350 contributed positively to equity growth.
Dividend payments of 262,710,167 reduced retained earnings.
Other comprehensive income increased equity by 752,499,679.
Other factors decreased equity by 461,769,869.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥28.01 Million	+0.42%
Dividends Paid	CN¥262.71 Million	-3.9%
Other Comprehensive Income	CN¥752.50 Million	+11.17%
Other Changes	CN¥-461.77 Million	-6.86%
Total Change	CN¥-	0.84%

Book Value vs Market Value Analysis

This analysis compares Hunan Friendship&Apollo Commercial 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: 1.28x
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 13.95x to 1.28x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-12-31	CN¥0.44	CN¥6.17	x
2007-12-31	CN¥0.47	CN¥6.17	x
2008-12-31	CN¥0.58	CN¥6.17	x
2009-12-31	CN¥1.57	CN¥6.17	x
2010-12-31	CN¥1.49	CN¥6.17	x
2011-12-31	CN¥1.71	CN¥6.17	x
2012-12-31	CN¥2.02	CN¥6.17	x
2013-12-31	CN¥2.39	CN¥6.17	x
2014-12-31	CN¥2.64	CN¥6.17	x
2015-12-31	CN¥2.86	CN¥6.17	x
2016-12-31	CN¥3.89	CN¥6.17	x
2017-12-31	CN¥3.67	CN¥6.17	x
2018-12-31	CN¥4.80	CN¥6.17	x
2019-12-31	CN¥4.89	CN¥6.17	x
2020-12-31	CN¥4.95	CN¥6.17	x
2021-12-31	CN¥4.72	CN¥6.17	x
2022-12-31	CN¥4.76	CN¥6.17	x
2023-12-31	CN¥4.81	CN¥6.17	x
2024-12-31	CN¥4.81	CN¥6.17	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Hunan Friendship&Apollo Commercial 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): 0.42%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.16%
• Asset Turnover: 0.09x
• Equity Multiplier: 2.23x
Recent ROE (0.42%) is below the historical average (11.30%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	40.18%	8.69%	1.33x	3.49x	CN¥108.72 Million
2007	23.68%	5.60%	1.37x	3.09x	CN¥52.96 Million
2008	25.10%	5.41%	1.44x	3.22x	CN¥72.25 Million
2009	9.94%	5.49%	1.04x	1.75x	CN¥-883.18K
2010	13.00%	6.06%	1.09x	1.96x	CN¥49.85 Million
2011	15.22%	6.07%	0.97x	2.57x	CN¥99.60 Million
2012	16.63%	6.49%	1.12x	2.29x	CN¥149.96 Million
2013	15.41%	6.77%	0.93x	2.45x	CN¥144.46 Million
2014	11.88%	5.83%	0.76x	2.67x	CN¥55.82 Million
2015	9.59%	4.97%	0.59x	3.26x	CN¥-13.11 Million
2016	6.08%	4.78%	0.53x	2.40x	CN¥-193.25 Million
2017	10.95%	7.76%	0.56x	2.51x	CN¥48.89 Million
2018	6.75%	6.26%	0.47x	2.28x	CN¥-217.97 Million
2019	4.65%	5.05%	0.39x	2.35x	CN¥-364.89 Million
2020	2.01%	5.97%	0.14x	2.37x	CN¥-551.48 Million
2021	1.98%	5.06%	0.17x	2.36x	CN¥-527.95 Million
2022	0.50%	1.82%	0.12x	2.23x	CN¥-630.91 Million
2023	0.73%	3.62%	0.09x	2.23x	CN¥-619.38 Million
2024	0.42%	2.16%	0.09x	2.23x	CN¥-645.59 Million

Industry Comparison

This section compares Hunan Friendship&Apollo Commercial Co Ltd's net assets metrics with peer companies in the Department Stores industry.

Industry Context

Industry: Department Stores
Average net assets among peers: $1,784,586,171
Average return on equity (ROE) among peers: 7.52%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Hunan Friendship&Apollo Commercial Co Ltd (002277)	CN¥6.89 Billion	40.18%	1.14x	$1.26 Billion
Hefei Department Store Group Co Ltd (000417)	$3.72 Billion	9.85%	1.14x	$763.47 Million
Changsha Tongcheng Holdings Co Ltd (000419)	$895.76 Million	11.76%	2.56x	$463.74 Million
Wushang Group Co Ltd (000501)	$1.56 Billion	15.35%	2.76x	$942.98 Million
CCOOP Group Co Ltd (000564)	$512.88 Million	0.56%	1.27x	$4.62 Billion
Dalian Friendship Group Co Ltd (000679)	$275.21 Million	-13.50%	2.47x	$377.58 Million
Zhongxing Shenyang Commercial Building Group Co Ltd (000715)	$1.22 Billion	7.30%	0.75x	$473.70 Million
Easyhome New Retail Group Co Ltd (000785)	$636.92 Million	1.30%	2.21x	$2.35 Billion
Beijing Hualian Department Store Co Ltd (000882)	$6.26 Billion	1.85%	0.72x	$660.93 Million
Guangzhou Grandbuy Co Ltd (002187)	$2.38 Billion	10.01%	0.90x	$634.86 Million
Better Life Commercial Chain Share Co Ltd (002251)	$403.01 Million	30.68%	2.74x	$1.63 Billion

About Hunan Friendship&Apollo Commercial Co Ltd

SHE:002277 China Department Stores

Market Cap

$1.26 Billion

CN¥8.60 Billion CNY

Market Cap Rank

#8112 Global

#2048 in China

Share Price

CN¥6.17

Change (1 day)

+5.65%

52-Week Range

CN¥5.30 - CN¥8.34

All Time High

CN¥8.34