Cedar Development Co Ltd (002485) - Net Assets
Based on the latest financial reports, Cedar Development Co Ltd (002485) has net assets worth CN¥1.01 Billion CNY (≈ $148.46 Million 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¥1.54 Billion ≈ $224.92 Million USD) and total liabilities (CN¥522.50 Million ≈ $76.46 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 tangible net worth ratio of Cedar Development Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.01 Billion |
| % of Total Assets | 66.01% |
| Annual Growth Rate | 9.45% |
| 5-Year Change | -41.26% |
| 10-Year Change | -47.86% |
| Growth Volatility | 75.53 |
Cedar Development Co Ltd - Net Assets Trend (2007–2025)
This chart illustrates how Cedar Development Co Ltd's net assets have evolved over time, based on quarterly financial data. See Cedar Development Co Ltd (002485) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Cedar Development Co Ltd (2007–2025)
The table below shows the annual net assets of Cedar Development Co Ltd from 2007 to 2025. For live valuation and market cap data, see Cedar Development Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.03 Billion ≈ $150.76 Million |
-16.25% |
| 2024-12-31 | CN¥1.23 Billion ≈ $180.01 Million |
-10.62% |
| 2023-12-31 | CN¥1.38 Billion ≈ $201.39 Million |
-1.47% |
| 2022-12-31 | CN¥1.40 Billion ≈ $204.40 Million |
-20.36% |
| 2021-12-31 | CN¥1.75 Billion ≈ $256.67 Million |
-22.56% |
| 2020-12-31 | CN¥2.27 Billion ≈ $331.44 Million |
-1.39% |
| 2019-12-31 | CN¥2.30 Billion ≈ $336.10 Million |
+4.77% |
| 2018-12-31 | CN¥2.19 Billion ≈ $320.79 Million |
+8.92% |
| 2017-12-31 | CN¥2.01 Billion ≈ $294.53 Million |
+1.86% |
| 2016-12-31 | CN¥1.98 Billion ≈ $289.16 Million |
+0.38% |
| 2015-12-31 | CN¥1.97 Billion ≈ $288.06 Million |
+1.16% |
| 2014-12-31 | CN¥1.95 Billion ≈ $284.76 Million |
-2.96% |
| 2013-12-31 | CN¥2.01 Billion ≈ $293.45 Million |
+0.37% |
| 2012-12-31 | CN¥2.00 Billion ≈ $292.37 Million |
+2.04% |
| 2011-12-31 | CN¥1.96 Billion ≈ $286.54 Million |
+5.33% |
| 2010-12-31 | CN¥1.86 Billion ≈ $272.04 Million |
+316.90% |
| 2009-12-31 | CN¥445.93 Million ≈ $65.25 Million |
+15.10% |
| 2008-12-31 | CN¥387.42 Million ≈ $56.69 Million |
+90.95% |
| 2007-12-31 | CN¥202.89 Million ≈ $29.69 Million |
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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 478.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.71 Billion | 165.67% |
| Total Equity | CN¥1.03 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 |
|---|---|
|
Tegma Gestão Logística S.A
SA:TGMA3
|
$390.86 Million |
|
Darfon Electronics Corp
TW:8163
|
$390.86 Million |
|
Aldebaran Resources Inc
V:ALDE
|
$390.90 Million |
|
Bemobi Mobile Tech S.A
SA:BMOB3
|
$390.93 Million |
|
Hamborner REIT AG
XETRA:HABA
|
$390.85 Million |
|
Chongqing Sanxia Paints Co Ltd
SHE:000565
|
$390.84 Million |
|
Morrow Bank ASA
OL:MOBA
|
$390.78 Million |
|
Whitefield Industrials Ltd
AU:WHF
|
$390.78 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 2024 to 2025, total equity changed from 1,230,513,202 to 1,030,678,366, a change of -199,834,836 (-16.2%).
- Net loss of 191,195,340 reduced equity.
- Other comprehensive income decreased equity by 137,814,416.
- Other factors increased equity by 129,174,921.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-191.20 Million | -18.55% |
| Other Comprehensive Income | CN¥-137.81 Million | -13.37% |
| Other Changes | CN¥129.17 Million | +12.53% |
| Total Change | CN¥- | -16.24% |
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: 2.59x
- 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 7.08x to 2.59x 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¥4.91 | x |
| 2008-12-31 | CN¥1.02 | CN¥4.91 | x |
| 2009-12-31 | CN¥1.09 | CN¥4.91 | x |
| 2010-12-31 | CN¥4.19 | CN¥4.91 | x |
| 2011-12-31 | CN¥3.59 | CN¥4.91 | x |
| 2012-12-31 | CN¥3.67 | CN¥4.91 | x |
| 2013-12-31 | CN¥3.63 | CN¥4.91 | x |
| 2014-12-31 | CN¥3.58 | CN¥4.91 | x |
| 2015-12-31 | CN¥3.62 | CN¥4.91 | x |
| 2016-12-31 | CN¥3.62 | CN¥4.91 | x |
| 2017-12-31 | CN¥3.70 | CN¥4.91 | x |
| 2018-12-31 | CN¥3.95 | CN¥4.91 | x |
| 2019-12-31 | CN¥4.03 | CN¥4.91 | x |
| 2020-12-31 | CN¥4.01 | CN¥4.91 | x |
| 2021-12-31 | CN¥3.19 | CN¥4.91 | x |
| 2022-12-31 | CN¥2.55 | CN¥4.91 | x |
| 2023-12-31 | CN¥2.53 | CN¥4.91 | x |
| 2024-12-31 | CN¥2.26 | CN¥4.91 | x |
| 2025-12-31 | CN¥1.89 | CN¥4.91 | 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): -18.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -29.18%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.57x
- Recent ROE (-18.55%) is below the historical average (2.25%), 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 | 2.91% | 7.56% | 0.33x | 1.15x | CN¥-142.70 Million |
| 2018 | 6.00% | 7.49% | 0.52x | 1.54x | CN¥-86.11 Million |
| 2019 | 2.05% | 1.26% | 0.96x | 1.71x | CN¥-174.28 Million |
| 2020 | -0.91% | -1.38% | 0.43x | 1.55x | CN¥-237.91 Million |
| 2021 | -25.48% | -29.99% | 0.46x | 1.84x | CN¥-616.48 Million |
| 2022 | -25.18% | -20.44% | 0.62x | 1.98x | CN¥-487.42 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 |
| 2025 | -18.55% | -29.18% | 0.41x | 1.57x | CN¥-294.26 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: $2,549,466,228
- Average return on equity (ROE) among peers: 12.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cedar Development Co Ltd (002485) | CN¥1.01 Billion | 35.50% | 0.52x | $390.86 Million |
| Zhejiang Weixing Industrial Development Co Ltd (002003) | $102.45 Million | 19.43% | 1.20x | $1.50 Billion |
| Fujian Septwolves Industry Co Ltd (002029) | $93.53 Million | 26.70% | 1.07x | $902.71 Million |
| Fujian SBS Zipper Science Tech (002098) | $1.13 Billion | 10.49% | 0.29x | $356.75 Million |
| Zhejiang Baoxiniao Garment Co Ltd (002154) | $2.53 Billion | 1.03% | 0.68x | $828.56 Million |
| Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) | $4.13 Billion | 20.56% | 0.70x | $514.72 Million |
| Zhejiang Jiaxin Silk Corp Ltd (002404) | $1.82 Billion | 7.87% | 0.67x | $504.83 Million |
| Huasi Agricultural Development Co Ltd (002494) | $1.20 Billion | -1.08% | 0.39x | $259.50 Million |
| Zhejiang Semir Garment Co Ltd (002563) | $11.68 Billion | 12.72% | 0.69x | $2.07 Billion |
| Zhejiang Busen Garments Co Ltd (002569) | $250.92 Million | 12.97% | 0.52x | $347.29 Million |
About 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