Cedar Development Co Ltd
Cedar Development Co.,Ltd. provides supply chain management services in China. The company offers supply chain services for the production and sales of coal, coke, aluminum, oil products, and steel products through Cedar Smart Chain platform. It also engages in the development and operation of cultural tourism business. The company was formerly known as Sinoer Men's Wear Co., Ltd. and changed its… Read more
Cedar Development Co Ltd (002485) - Net Assets
Latest net assets as of September 2025: CN¥1.18 Billion CNY
Based on the latest financial reports, Cedar Development Co Ltd (002485) has net assets worth CN¥1.18 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¥1.80 Billion) and total liabilities (CN¥623.76 Million). 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¥1.18 Billion |
| % of Total Assets | 65.37% |
| Annual Growth Rate | 11.18% |
| 5-Year Change | -45.69% |
| 10-Year Change | -37.51% |
| Growth Volatility | 77.17 |
Cedar Development Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Cedar Development 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 Cedar Development Co Ltd (2007–2024)
The table below shows the annual net assets of Cedar Development Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.23 Billion | -10.62% |
| 2023-12-31 | CN¥1.38 Billion | -1.47% |
| 2022-12-31 | CN¥1.40 Billion | -20.36% |
| 2021-12-31 | CN¥1.75 Billion | -22.56% |
| 2020-12-31 | CN¥2.27 Billion | -1.39% |
| 2019-12-31 | CN¥2.30 Billion | +4.77% |
| 2018-12-31 | CN¥2.19 Billion | +8.92% |
| 2017-12-31 | CN¥2.01 Billion | +1.86% |
| 2016-12-31 | CN¥1.98 Billion | +0.38% |
| 2015-12-31 | CN¥1.97 Billion | +1.16% |
| 2014-12-31 | CN¥1.95 Billion | -2.96% |
| 2013-12-31 | CN¥2.01 Billion | +0.37% |
| 2012-12-31 | CN¥2.00 Billion | +2.04% |
| 2011-12-31 | CN¥1.96 Billion | +5.33% |
| 2010-12-31 | CN¥1.86 Billion | +316.90% |
| 2009-12-31 | CN¥445.93 Million | +15.10% |
| 2008-12-31 | CN¥387.42 Million | +90.95% |
| 2007-12-31 | CN¥202.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Cedar 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 371.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥544.00 Million | 44.21% |
| Other Comprehensive Income | CN¥137.81 Million | 11.20% |
| Other Components | CN¥1.03 Billion | 84.06% |
| Total Equity | CN¥1.23 Billion | 100.00% |
Cedar Development Co Ltd Competitors by Market Cap
The table below lists competitors of Cedar Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SR Bancorp, Inc. Common stock
NASDAQ:SRBK
|
$115.49 Million |
|
Samji Electronics Co. Ltd
KQ:037460
|
$115.55 Million |
|
OceanPact Serviços Marítimos S.A
SA:OPCT3
|
$115.57 Million |
|
Landmark Bancorp Inc
NASDAQ:LARK
|
$115.57 Million |
|
Surya Citra Media Tbk
JK:SCMA
|
$115.44 Million |
|
CELON PHARMA S.A. ZY-10
F:8RP
|
$115.42 Million |
|
Mosa Industrial Corp
TW:4564
|
$115.42 Million |
|
Hanyang Digitech Co. Ltd
KQ:078350
|
$115.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cedar Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,376,474,083 to 1,230,513,202, a change of -145,960,881 (-10.6%).
- Net loss of 151,665,190 reduced equity.
- Other comprehensive income increased equity by 5,704,309.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-151.67 Million | -12.33% |
| Other Comprehensive Income | CN¥5.70 Million | +0.46% |
| Total Change | CN¥- | -10.60% |
Book Value vs Market Value Analysis
This analysis compares Cedar 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: 2.25x
- 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 7.34x to 2.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.69 | CN¥5.09 | x |
| 2008-12-31 | CN¥1.02 | CN¥5.09 | x |
| 2009-12-31 | CN¥1.09 | CN¥5.09 | x |
| 2010-12-31 | CN¥4.19 | CN¥5.09 | x |
| 2011-12-31 | CN¥3.59 | CN¥5.09 | x |
| 2012-12-31 | CN¥3.70 | CN¥5.09 | x |
| 2013-12-31 | CN¥3.64 | CN¥5.09 | x |
| 2014-12-31 | CN¥3.58 | CN¥5.09 | x |
| 2015-12-31 | CN¥3.62 | CN¥5.09 | x |
| 2016-12-31 | CN¥3.63 | CN¥5.09 | x |
| 2017-12-31 | CN¥3.70 | CN¥5.09 | x |
| 2018-12-31 | CN¥3.95 | CN¥5.09 | x |
| 2019-12-31 | CN¥4.03 | CN¥5.09 | x |
| 2020-12-31 | CN¥4.01 | CN¥5.09 | x |
| 2021-12-31 | CN¥3.19 | CN¥5.09 | x |
| 2022-12-31 | CN¥2.55 | CN¥5.09 | x |
| 2023-12-31 | CN¥2.53 | CN¥5.09 | x |
| 2024-12-31 | CN¥2.26 | CN¥5.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cedar 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): -12.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -18.42%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.45x
- Recent ROE (-12.33%) is below the historical average (3.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 35.50% | 8.16% | 1.31x | 3.32x | CN¥51.73 Million |
| 2008 | 26.98% | 11.77% | 1.02x | 2.24x | CN¥65.79 Million |
| 2009 | 24.89% | 13.06% | 0.89x | 2.15x | CN¥66.41 Million |
| 2010 | 7.73% | 14.32% | 0.43x | 1.25x | CN¥-42.26 Million |
| 2011 | 10.17% | 17.34% | 0.51x | 1.14x | CN¥3.26 Million |
| 2012 | 7.00% | 11.86% | 0.45x | 1.31x | CN¥-59.95 Million |
| 2013 | 3.56% | 5.67% | 0.45x | 1.39x | CN¥-129.15 Million |
| 2014 | -2.39% | -4.53% | 0.38x | 1.40x | CN¥-241.19 Million |
| 2015 | 1.15% | 2.23% | 0.37x | 1.40x | CN¥-174.27 Million |
| 2016 | 0.38% | 1.07% | 0.28x | 1.24x | CN¥-190.14 Million |
| 2017 | 1.82% | 4.73% | 0.33x | 1.15x | CN¥-164.62 Million |
| 2018 | 2.60% | 3.25% | 0.52x | 1.54x | CN¥-159.15 Million |
| 2019 | 5.11% | 3.12% | 0.96x | 1.71x | CN¥-107.31 Million |
| 2020 | -1.51% | -2.16% | 0.45x | 1.55x | CN¥-250.90 Million |
| 2021 | -25.91% | -22.33% | 0.63x | 1.84x | CN¥-624.03 Million |
| 2022 | -25.36% | -20.58% | 0.62x | 1.98x | CN¥-489.84 Million |
| 2023 | -0.77% | -1.40% | 0.39x | 1.42x | CN¥-148.28 Million |
| 2024 | -12.33% | -18.42% | 0.46x | 1.45x | CN¥-274.72 Million |
Industry Comparison
This section compares Cedar Development Co Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $2,364,354,759
- Average return on equity (ROE) among peers: 12.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cedar Development Co Ltd (002485) | CN¥1.18 Billion | 35.50% | 0.53x | $115.45 Million |
| Zhejiang Weixing Industrial Development Co Ltd (002003) | $1.69 Billion | 10.00% | 0.41x | $872.92 Million |
| Fujian Septwolves Industry Co Ltd (002029) | $4.34 Billion | 12.93% | 0.28x | $455.31 Million |
| Fujian SBS Zipper Science Tech (002098) | $907.36 Million | 22.11% | 1.44x | $193.92 Million |
| Zhejiang Baoxiniao Garment Co Ltd (002154) | $4.05 Billion | 11.33% | 0.48x | $465.11 Million |
| Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) | $451.05 Million | 7.04% | 5.02x | $376.25 Million |
| Zhejiang Jiaxin Silk Corp Ltd (002404) | $1.35 Billion | 5.95% | 0.28x | $265.95 Million |
| Huasi Agricultural Development Co Ltd (002494) | $126.35 Million | 16.94% | 0.98x | $193.25 Million |
| Zhejiang Semir Garment Co Ltd (002563) | $7.76 Billion | 15.77% | 0.17x | $517.45 Million |
| Zhejiang Busen Garments Co Ltd (002569) | $613.00 Million | 6.55% | 0.44x | $191.63 Million |