Global Top E Commerce Co Ltd Net Assets
Global Top E Commerce Co Ltd net assets. Based on the latest financial reports, Global Top E Commerce Co Ltd (002640) has net assets worth CN¥634.24 Million CNY (≈ $92.81 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¥3.08 Billion ≈ $450.98 Million USD) and total liabilities (CN¥2.45 Billion ≈ $358.17 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. Also explore Global Top E Commerce Co Ltd (002640) net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥634.24 Million |
| % of Total Assets | 20.58% |
| Annual Growth Rate | 13.1% |
| 5-Year Change | -69.53% |
| 10-Year Change | -89.56% |
| Growth Volatility | 89.0 |
Net Assets of Global Top E Commerce Co Ltd (2008–2025)
Net assets of Global Top E Commerce Co Ltd from 2008 to 2025. This chart illustrates how Global Top E Commerce Co Ltd's net assets have evolved over time, based on quarterly financial data. See how leveraged is Global Top E Commerce Co Ltd's balance sheet to measure how much of total assets are equity-financed.
Annual Net Assets for Global Top E Commerce Co Ltd (2008–2025)
The table below shows the annual net assets of Global Top E Commerce Co Ltd from 2008 to 2025. For live market cap and overall valuation, see Global Top E Commerce Co Ltd (002640) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥443.82 Million ≈ $64.94 Million |
-47.34% |
| 2024-12-31 | CN¥842.87 Million ≈ $123.34 Million |
-37.15% |
| 2023-12-31 | CN¥1.34 Billion ≈ $196.23 Million |
-7.50% |
| 2022-12-31 | CN¥1.45 Billion ≈ $212.14 Million |
-0.48% |
| 2021-12-31 | CN¥1.46 Billion ≈ $213.16 Million |
+42.28% |
| 2020-12-31 | CN¥1.02 Billion ≈ $149.82 Million |
-77.56% |
| 2019-12-31 | CN¥4.56 Billion ≈ $667.64 Million |
-37.69% |
| 2018-12-31 | CN¥7.32 Billion ≈ $1.07 Billion |
+48.86% |
| 2017-12-31 | CN¥4.92 Billion ≈ $719.83 Million |
+15.77% |
| 2016-12-31 | CN¥4.25 Billion ≈ $621.78 Million |
+107.97% |
| 2015-12-31 | CN¥2.04 Billion ≈ $298.97 Million |
+11.54% |
| 2014-12-31 | CN¥1.83 Billion ≈ $268.04 Million |
+161.30% |
| 2013-12-31 | CN¥700.99 Million ≈ $102.58 Million |
+3.90% |
| 2012-12-31 | CN¥674.70 Million ≈ $98.73 Million |
+8.06% |
| 2011-12-31 | CN¥624.36 Million ≈ $91.36 Million |
+306.03% |
| 2010-12-31 | CN¥153.77 Million ≈ $22.50 Million |
+40.88% |
| 2009-12-31 | CN¥109.15 Million ≈ $15.97 Million |
+99.31% |
| 2008-12-31 | CN¥54.77 Million ≈ $8.01 Million |
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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 20179.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Global Top E Commerce Co Ltd Net Assets Breakdown (December 2025)
Global Top E Commerce Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥5.15 Billion | 1134.94% |
| Total Equity | CN¥453.80 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 |
|---|---|
|
Apacer Technology Inc
TW:8271
|
$722.79 Million |
|
Gujarat Ambuja Exports Limited
NSE:GAEL
|
$722.87 Million |
|
Jiangsu Aidea Pharmaceutical Co Ltd
SHG:688488
|
$722.88 Million |
|
HAIT.UT.INT.FIN.L. H YC 1
F:HA6
|
$723.22 Million |
|
Yesway, Inc. Class A Common Stock
NASDAQ:YSWY
|
$722.57 Million |
|
Flexium Interconnect Inc
TW:6269
|
$722.56 Million |
|
CyberPower Systems Inc
TW:3617
|
$722.50 Million |
|
Beijing Philisense Tech
SHE:300287
|
$722.49 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 2024 to 2025, total equity changed from 852,049,471 to 453,802,598, a change of -398,246,873 (-46.7%).
- Net loss of 417,456,790 reduced equity.
- Dividend payments of 146,322,556 reduced retained earnings.
- Other factors increased equity by 165,532,473.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-417.46 Million | -91.99% |
| Dividends Paid | CN¥146.32 Million | -32.24% |
| Other Changes | CN¥165.53 Million | +36.48% |
| Total Change | CN¥- | -46.74% |
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: 10.88x
- 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 20.85x to 10.88x 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¥3.17 | x |
| 2009-12-31 | CN¥0.24 | CN¥3.17 | x |
| 2010-12-31 | CN¥0.25 | CN¥3.17 | x |
| 2011-12-31 | CN¥1.04 | CN¥3.17 | x |
| 2012-12-31 | CN¥0.84 | CN¥3.17 | x |
| 2013-12-31 | CN¥0.87 | CN¥3.17 | x |
| 2014-12-31 | CN¥2.19 | CN¥3.17 | x |
| 2015-12-31 | CN¥1.58 | CN¥3.17 | x |
| 2016-12-31 | CN¥3.10 | CN¥3.17 | x |
| 2017-12-31 | CN¥3.37 | CN¥3.17 | x |
| 2018-12-31 | CN¥4.82 | CN¥3.17 | x |
| 2019-12-31 | CN¥2.94 | CN¥3.17 | x |
| 2020-12-31 | CN¥0.66 | CN¥3.17 | x |
| 2021-12-31 | CN¥0.93 | CN¥3.17 | x |
| 2022-12-31 | CN¥0.93 | CN¥3.17 | x |
| 2023-12-31 | CN¥0.86 | CN¥3.17 | x |
| 2024-12-31 | CN¥0.55 | CN¥3.17 | x |
| 2025-12-31 | CN¥0.29 | CN¥3.17 | 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): -91.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.68%
- • Asset Turnover: 1.94x
- • Equity Multiplier: 6.18x
- Recent ROE (-91.99%) is below the historical average (-11.16%), 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 |
| 2025 | -91.99% | -7.68% | 1.94x | 6.18x | CN¥-462.84 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: $1,403,552,396
- Average return on equity (ROE) among peers: 18.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Global Top E Commerce Co Ltd (002640) | CN¥634.24 Million | 38.37% | 3.86x | $722.73 Million |
| Mango Excellent Media Co Ltd (300413) | $1.72 Billion | 41.60% | 0.32x | $7.33 Billion |
| SYoung Group Co Ltd (300740) | $2.07 Billion | 14.18% | 0.98x | $1.11 Billion |
| Onechance (300792) | $2.81 Billion | 3.84% | 0.09x | $796.40 Million |
| Shanghai Kaytune Industrial Co.Ltd (301001) | $339.24 Million | 24.94% | 0.50x | $267.03 Million |
| Shanghai Lili & Beauty Cosmetics Co Ltd (605136) | $74.53 Million | 6.84% | 0.43x | $516.26 Million |
About 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, maternal and child products, and health care products through online sales platforms, such as Zaful. The company also provides swimwear, women's wear, dresses, and trousers and similar items. It also exports its pro… Read more