Shenzhen Ruihe Construction Decoration Co Ltd (002620) - Net Assets
Based on the latest financial reports, Shenzhen Ruihe Construction Decoration Co Ltd (002620) has net assets worth CN¥204.39 Million CNY (≈ $29.91 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¥3.14 Billion ≈ $458.86 Million USD) and total liabilities (CN¥2.93 Billion ≈ $428.95 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 Shenzhen Ruihe Construction Decoration C (002620) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥204.39 Million |
| % of Total Assets | 6.52% |
| Annual Growth Rate | 5.5% |
| 5-Year Change | -91.13% |
| 10-Year Change | -76.95% |
| Growth Volatility | 85.48 |
Shenzhen Ruihe Construction Decoration Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Shenzhen Ruihe Construction Decoration Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002620 total assets for the complete picture of this company's asset base.
Annual Net Assets for Shenzhen Ruihe Construction Decoration Co Ltd (2008–2024)
The table below shows the annual net assets of Shenzhen Ruihe Construction Decoration Co Ltd from 2008 to 2024. For live valuation and market cap data, see 002620 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥248.85 Million ≈ $36.41 Million |
-51.22% |
| 2023-12-31 | CN¥510.13 Million ≈ $74.65 Million |
-42.43% |
| 2022-12-31 | CN¥886.04 Million ≈ $129.66 Million |
-7.86% |
| 2021-12-31 | CN¥961.63 Million ≈ $140.72 Million |
-65.71% |
| 2020-12-31 | CN¥2.80 Billion ≈ $410.37 Million |
+7.88% |
| 2019-12-31 | CN¥2.60 Billion ≈ $380.41 Million |
+6.48% |
| 2018-12-31 | CN¥2.44 Billion ≈ $357.24 Million |
+5.47% |
| 2017-12-31 | CN¥2.31 Billion ≈ $338.71 Million |
+5.75% |
| 2016-12-31 | CN¥2.19 Billion ≈ $320.29 Million |
+102.77% |
| 2015-12-31 | CN¥1.08 Billion ≈ $157.95 Million |
+5.96% |
| 2014-12-31 | CN¥1.02 Billion ≈ $149.07 Million |
+4.35% |
| 2013-12-31 | CN¥976.25 Million ≈ $142.86 Million |
+8.65% |
| 2012-12-31 | CN¥898.50 Million ≈ $131.48 Million |
+8.38% |
| 2011-12-31 | CN¥829.02 Million ≈ $121.31 Million |
+321.81% |
| 2010-12-31 | CN¥196.54 Million ≈ $28.76 Million |
+44.27% |
| 2009-12-31 | CN¥136.23 Million ≈ $19.93 Million |
+28.99% |
| 2008-12-31 | CN¥105.61 Million ≈ $15.45 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Ruihe Construction Decoration 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 3048.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥377.49 Million | 929.24% |
| Other Components | CN¥1.32 Billion | 3260.94% |
| Total Equity | CN¥40.62 Million | 100.00% |
Shenzhen Ruihe Construction Decoration Co Ltd Competitors by Market Cap
The table below lists competitors of Shenzhen Ruihe Construction Decoration Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guanhao Biotech Co Ltd
SHE:300238
|
$551.36 Million |
|
American Coastal Insurance Corp
NASDAQ:ACIC
|
$551.54 Million |
|
COINSHARES I. LS-000247
F:3TW
|
$551.65 Million |
|
Palm Landscape Architecture Co Ltd
SHE:002431
|
$551.77 Million |
|
Compania General de Electricidad SA
SN:CGE
|
$551.14 Million |
|
Shinsung E&G Co. Ltd
KO:011930
|
$551.13 Million |
|
Ningbo Gaofa Automotive Ctrl
SHG:603788
|
$550.99 Million |
|
Eagle Point Credit Company Inc.
NYSE:ECC
|
$550.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Ruihe Construction Decoration Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 236,341,485 to 40,623,856, a change of -195,717,629 (-82.8%).
- Net loss of 185,864,848 reduced equity.
- Dividend payments of 48,883,103 reduced retained earnings.
- Share repurchases of 8,837,500 reduced equity.
- Other comprehensive income decreased equity by 23,045,971.
- Other factors increased equity by 70,913,793.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-185.86 Million | -457.53% |
| Dividends Paid | CN¥48.88 Million | -120.33% |
| Share Repurchases | CN¥8.84 Million | -21.75% |
| Other Comprehensive Income | CN¥-23.05 Million | -56.73% |
| Other Changes | CN¥70.91 Million | +174.56% |
| Total Change | CN¥- | -82.81% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Ruihe Construction Decoration 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: 93.19x
- 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 increased from 18.63x to 93.19x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.54 | CN¥9.98 | x |
| 2009-12-31 | CN¥0.60 | CN¥9.98 | x |
| 2010-12-31 | CN¥0.88 | CN¥9.98 | x |
| 2011-12-31 | CN¥3.40 | CN¥9.98 | x |
| 2012-12-31 | CN¥2.98 | CN¥9.98 | x |
| 2013-12-31 | CN¥3.23 | CN¥9.98 | x |
| 2014-12-31 | CN¥3.42 | CN¥9.98 | x |
| 2015-12-31 | CN¥3.60 | CN¥9.98 | x |
| 2016-12-31 | CN¥5.45 | CN¥9.98 | x |
| 2017-12-31 | CN¥5.83 | CN¥9.98 | x |
| 2018-12-31 | CN¥6.07 | CN¥9.98 | x |
| 2019-12-31 | CN¥6.23 | CN¥9.98 | x |
| 2020-12-31 | CN¥6.77 | CN¥9.98 | x |
| 2021-12-31 | CN¥1.67 | CN¥9.98 | x |
| 2022-12-31 | CN¥1.64 | CN¥9.98 | x |
| 2023-12-31 | CN¥0.63 | CN¥9.98 | x |
| 2024-12-31 | CN¥0.11 | CN¥9.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Ruihe Construction Decoration 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): -457.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -23.75%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 85.68x
- Recent ROE (-457.53%) is below the historical average (-45.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 20.91% | 4.36% | 1.62x | 2.96x | CN¥11.52 Million |
| 2009 | 10.73% | 2.14% | 1.56x | 3.22x | CN¥990.81K |
| 2010 | 30.69% | 5.96% | 1.64x | 3.15x | CN¥40.66 Million |
| 2011 | 8.24% | 5.20% | 0.86x | 1.84x | CN¥-14.58 Million |
| 2012 | 8.19% | 5.48% | 0.79x | 1.90x | CN¥-16.28 Million |
| 2013 | 8.30% | 5.37% | 0.77x | 2.00x | CN¥-16.64 Million |
| 2014 | 5.38% | 3.60% | 0.75x | 1.98x | CN¥-47.08 Million |
| 2015 | 6.00% | 3.56% | 0.85x | 1.98x | CN¥-43.13 Million |
| 2016 | 4.77% | 3.90% | 0.65x | 1.88x | CN¥-103.93 Million |
| 2017 | 6.35% | 4.41% | 0.72x | 1.99x | CN¥-76.30 Million |
| 2018 | 6.75% | 4.09% | 0.69x | 2.41x | CN¥-71.07 Million |
| 2019 | 6.74% | 4.09% | 0.65x | 2.53x | CN¥-75.55 Million |
| 2020 | 5.93% | 3.93% | 0.59x | 2.55x | CN¥-101.63 Million |
| 2021 | -294.69% | -52.40% | 0.71x | 7.94x | CN¥-1.91 Billion |
| 2022 | 1.55% | 0.44% | 0.45x | 7.79x | CN¥-52.05 Million |
| 2023 | -157.65% | -24.01% | 0.38x | 17.21x | CN¥-396.23 Million |
| 2024 | -457.53% | -23.75% | 0.22x | 85.68x | CN¥-189.93 Million |
Industry Comparison
This section compares Shenzhen Ruihe Construction Decoration Co Ltd'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 |
|---|---|---|---|---|
| Shenzhen Ruihe Construction Decoration Co Ltd (002620) | CN¥204.39 Million | 20.91% | 14.34x | $551.29 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 Shenzhen Ruihe Construction Decoration Co Ltd
Shenzhen Ruihe Construction Decoration Co., Ltd. engages in the construction and decoration business in China. It is involved in the design and construction of architectural decorations and curtain walls, as well as solar photovoltaic power generation and construction installation activities. The company undertakes public infrastructure, hotel and club, finance and securities, business entertainm… Read more