Global Top E Commerce Co Ltd
Global Top E-Commerce Co., Ltd. operates as a cross-border e-commerce company in the People's Republic of China and internationally. It offers clothing, home furnishings, accessories, mother and baby products, and health care products through online sales platforms, such as Zaful. The company was formerly known as Shanxi Baiyuan Trousers Chain Management Co., Ltd. and changed its name to Global T… Read more
Global Top E Commerce Co Ltd (002640) - Net Assets
Latest net assets as of September 2025: CN¥842.89 Million CNY
Based on the latest financial reports, Global Top E Commerce Co Ltd (002640) has net assets worth CN¥842.89 Million 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¥3.51 Billion) and total liabilities (CN¥2.66 Billion). 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¥842.89 Million |
| % of Total Assets | 24.03% |
| Annual Growth Rate | 18.63% |
| 5-Year Change | -17.67% |
| 10-Year Change | -58.75% |
| Growth Volatility | 89.09 |
Global Top E Commerce Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Global Top E Commerce 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 Global Top E Commerce Co Ltd (2008–2024)
The table below shows the annual net assets of Global Top E Commerce Co Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥842.87 Million | -37.15% |
| 2023-12-31 | CN¥1.34 Billion | -7.50% |
| 2022-12-31 | CN¥1.45 Billion | -0.48% |
| 2021-12-31 | CN¥1.46 Billion | +42.28% |
| 2020-12-31 | CN¥1.02 Billion | -77.56% |
| 2019-12-31 | CN¥4.56 Billion | -37.69% |
| 2018-12-31 | CN¥7.32 Billion | +48.86% |
| 2017-12-31 | CN¥4.92 Billion | +15.77% |
| 2016-12-31 | CN¥4.25 Billion | +107.97% |
| 2015-12-31 | CN¥2.04 Billion | +11.54% |
| 2014-12-31 | CN¥1.83 Billion | +161.30% |
| 2013-12-31 | CN¥700.99 Million | +3.90% |
| 2012-12-31 | CN¥674.70 Million | +8.06% |
| 2011-12-31 | CN¥624.36 Million | +306.03% |
| 2010-12-31 | CN¥153.77 Million | +40.88% |
| 2009-12-31 | CN¥109.15 Million | +99.31% |
| 2008-12-31 | CN¥54.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Global Top E Commerce 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 18394.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.56 Billion | 182.86% |
| Other Components | CN¥3.57 Billion | 419.36% |
| Total Equity | CN¥852.05 Million | 100.00% |
Global Top E Commerce Co Ltd Competitors by Market Cap
The table below lists competitors of Global Top E Commerce Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PORR AG
VI:POS
|
$692.13 Million |
|
Scholastic Corporation
NASDAQ:SCHL
|
$692.35 Million |
|
Zhangjiagang Furui Special Equip
SHE:300228
|
$692.46 Million |
|
BIRLASOFT LIMITED
NSE:BSOFT
|
$692.71 Million |
|
Fujian Furi Electronics Co Ltd
SHG:600203
|
$691.72 Million |
|
Peakstone Realty Trust
NYSE:PKST
|
$691.48 Million |
|
AMALGAMATED FIN. DL-01
F:A0B0
|
$691.42 Million |
|
Zhejiang Wansheng Co Ltd
SHG:603010
|
$691.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Global Top E Commerce Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,348,685,432 to 852,049,471, a change of -496,635,961 (-36.8%).
- Net loss of 478,807,070 reduced equity.
- Dividend payments of 140,240,820 reduced retained earnings.
- Other comprehensive income increased equity by 123,825,044.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-478.81 Million | -56.19% |
| Dividends Paid | CN¥140.24 Million | -16.46% |
| Other Comprehensive Income | CN¥123.83 Million | +14.53% |
| Other Changes | CN¥-1.41 Million | -0.17% |
| Total Change | CN¥- | -36.82% |
Book Value vs Market Value Analysis
This analysis compares Global Top E Commerce 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: 6.93x
- 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 25.12x to 6.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.15 | CN¥3.82 | x |
| 2009-12-31 | CN¥0.24 | CN¥3.82 | x |
| 2010-12-31 | CN¥0.25 | CN¥3.82 | x |
| 2011-12-31 | CN¥1.04 | CN¥3.82 | x |
| 2012-12-31 | CN¥0.83 | CN¥3.82 | x |
| 2013-12-31 | CN¥0.87 | CN¥3.82 | x |
| 2014-12-31 | CN¥2.19 | CN¥3.82 | x |
| 2015-12-31 | CN¥1.71 | CN¥3.82 | x |
| 2016-12-31 | CN¥3.10 | CN¥3.82 | x |
| 2017-12-31 | CN¥3.37 | CN¥3.82 | x |
| 2018-12-31 | CN¥4.82 | CN¥3.82 | x |
| 2019-12-31 | CN¥2.94 | CN¥3.82 | x |
| 2020-12-31 | CN¥0.66 | CN¥3.82 | x |
| 2021-12-31 | CN¥0.93 | CN¥3.82 | x |
| 2022-12-31 | CN¥0.93 | CN¥3.82 | x |
| 2023-12-31 | CN¥0.86 | CN¥3.82 | x |
| 2024-12-31 | CN¥0.55 | CN¥3.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Global Top E Commerce 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): -56.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.37%
- • Asset Turnover: 1.84x
- • Equity Multiplier: 3.65x
- Recent ROE (-56.19%) is below the historical average (-6.40%), 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 | 38.37% | 9.89% | 0.99x | 3.91x | CN¥15.54 Million |
| 2009 | 26.13% | 8.73% | 1.32x | 2.27x | CN¥17.61 Million |
| 2010 | 28.47% | 10.78% | 1.36x | 1.94x | CN¥28.18 Million |
| 2011 | 11.03% | 14.11% | 0.61x | 1.27x | CN¥6.41 Million |
| 2012 | 7.83% | 10.79% | 0.55x | 1.32x | CN¥-14.50 Million |
| 2013 | 4.53% | 7.06% | 0.46x | 1.41x | CN¥-37.99 Million |
| 2014 | 1.83% | 3.97% | 0.38x | 1.20x | CN¥-149.58 Million |
| 2015 | 8.24% | 4.25% | 1.27x | 1.53x | CN¥-35.99 Million |
| 2016 | 9.36% | 4.61% | 1.20x | 1.69x | CN¥-26.85 Million |
| 2017 | 15.43% | 5.36% | 1.63x | 1.77x | CN¥264.36 Million |
| 2018 | 8.51% | 2.89% | 1.75x | 1.68x | CN¥-109.05 Million |
| 2019 | -59.17% | -15.15% | 1.70x | 2.30x | CN¥-3.17 Billion |
| 2020 | -200.31% | -12.54% | 2.65x | 6.02x | CN¥-2.16 Billion |
| 2021 | 46.58% | 7.64% | 2.36x | 2.58x | CN¥528.89 Million |
| 2022 | 1.24% | 0.25% | 1.82x | 2.75x | CN¥-126.89 Million |
| 2023 | -0.72% | -0.15% | 1.77x | 2.77x | CN¥-144.56 Million |
| 2024 | -56.19% | -8.37% | 1.84x | 3.65x | CN¥-564.01 Million |
Industry Comparison
This section compares Global Top E Commerce Co Ltd's net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $5,781,199,887
- Average return on equity (ROE) among peers: 16.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Global Top E Commerce Co Ltd (002640) | CN¥842.89 Million | 38.37% | 3.16x | $691.85 Million |
| Mango Excellent Media Co Ltd (300413) | $22.53 Billion | 6.06% | 0.44x | $1.81 Billion |
| SYoung Group Co Ltd (300740) | $540.65 Million | 29.32% | 0.59x | $515.58 Million |
| Onechance (300792) | $2.89 Billion | 6.23% | 0.18x | $591.84 Million |
| Shanghai Kaytune Industrial Co.Ltd (301001) | $255.28 Million | 26.07% | 0.63x | $120.34 Million |
| Shanghai Lili & Beauty Cosmetics Co Ltd (605136) | $2.69 Billion | 15.27% | 0.28x | $378.92 Million |