Rendong Holdings Co Ltd (002647) - Net Assets
Based on the latest financial reports, Rendong Holdings Co Ltd (002647) has net assets worth CN¥700.94 Million CNY (≈ $102.57 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¥5.16 Billion ≈ $755.11 Million USD) and total liabilities (CN¥4.46 Billion ≈ $652.54 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 how resilient are Rendong Holdings Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥700.94 Million |
| % of Total Assets | 13.58% |
| Annual Growth Rate | N/A |
| 5-Year Change | -246.62% |
| 10-Year Change | -157.62% |
| Growth Volatility | 165.23 |
Rendong Holdings Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Rendong Holdings Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Rendong Holdings Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Rendong Holdings Co Ltd (2008–2024)
The table below shows the annual net assets of Rendong Holdings Co Ltd from 2008 to 2024. For live valuation and market cap data, see 002647 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥-649.07 Million ≈ $-94.98 Million |
-663.85% |
| 2023-12-31 | CN¥115.11 Million ≈ $16.84 Million |
-51.99% |
| 2022-12-31 | CN¥239.77 Million ≈ $35.09 Million |
-39.54% |
| 2021-12-31 | CN¥396.56 Million ≈ $58.03 Million |
-10.42% |
| 2020-12-31 | CN¥442.70 Million ≈ $64.78 Million |
-54.34% |
| 2019-12-31 | CN¥969.62 Million ≈ $141.89 Million |
-3.35% |
| 2018-12-31 | CN¥1.00 Billion ≈ $146.80 Million |
+27.86% |
| 2017-12-31 | CN¥784.59 Million ≈ $114.81 Million |
-31.72% |
| 2016-12-31 | CN¥1.15 Billion ≈ $168.16 Million |
+2.01% |
| 2015-12-31 | CN¥1.13 Billion ≈ $164.84 Million |
+0.55% |
| 2014-12-31 | CN¥1.12 Billion ≈ $163.93 Million |
-6.21% |
| 2013-12-31 | CN¥1.19 Billion ≈ $174.78 Million |
+8.62% |
| 2012-12-31 | CN¥1.10 Billion ≈ $160.92 Million |
+1.45% |
| 2011-12-31 | CN¥1.08 Billion ≈ $158.61 Million |
+120.48% |
| 2010-12-31 | CN¥491.62 Million ≈ $71.94 Million |
+18.34% |
| 2009-12-31 | CN¥415.41 Million ≈ $60.79 Million |
+11.28% |
| 2008-12-31 | CN¥373.32 Million ≈ $54.63 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Rendong Holdings 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 4396.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥559.94 Million | % |
| Other Comprehensive Income | CN¥229.98 Million | % |
| Other Components | CN¥40.76 Million | % |
| Total Equity | CN¥-704.84 Million | 100.00% |
Rendong Holdings Co Ltd Competitors by Market Cap
The table below lists competitors of Rendong Holdings Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guardian Pharmacy Services, Inc.
NYSE:GRDN
|
$1.92 Billion |
|
Vietnam National Petroleum Group
VN:PLX
|
$1.92 Billion |
|
Thai President Foods Public Company Limited
BK:TFMAMA
|
$1.92 Billion |
|
The Baldwin Insurance Group, Inc.
NASDAQ:BWIN
|
$1.92 Billion |
|
Pitney Bowes Inc
NYSE:PBI
|
$1.91 Billion |
|
PSG Konsult Ltd
JSE:KST
|
$1.91 Billion |
|
Electricity Generating Public Company Limited
BK:EGCO
|
$1.91 Billion |
|
Citic Offshore Helicopter Co Ltd
SHE:000099
|
$1.91 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rendong Holdings Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 60,476,978 to -704,843,133, a change of -765,320,111 (-1265.5%).
- Net loss of 832,988,321 reduced equity.
- Other comprehensive income increased equity by 229,976,164.
- Other factors decreased equity by 162,307,954.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-832.99 Million | -118.18% |
| Other Comprehensive Income | CN¥229.98 Million | +32.63% |
| Other Changes | CN¥-162.31 Million | -23.03% |
| Total Change | CN¥- | -1265.47% |
Book Value vs Market Value Analysis
This analysis compares Rendong Holdings 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.61 | CN¥11.58 | x |
| 2009-12-31 | CN¥0.70 | CN¥11.58 | x |
| 2010-12-31 | CN¥0.90 | CN¥11.58 | x |
| 2011-12-31 | CN¥2.29 | CN¥11.58 | x |
| 2012-12-31 | CN¥1.79 | CN¥11.58 | x |
| 2013-12-31 | CN¥2.42 | CN¥11.58 | x |
| 2014-12-31 | CN¥1.79 | CN¥11.58 | x |
| 2015-12-31 | CN¥1.81 | CN¥11.58 | x |
| 2016-12-31 | CN¥2.03 | CN¥11.58 | x |
| 2017-12-31 | CN¥1.37 | CN¥11.58 | x |
| 2018-12-31 | CN¥1.65 | CN¥11.58 | x |
| 2019-12-31 | CN¥1.67 | CN¥11.58 | x |
| 2020-12-31 | CN¥0.72 | CN¥11.58 | x |
| 2021-12-31 | CN¥0.62 | CN¥11.58 | x |
| 2022-12-31 | CN¥0.33 | CN¥11.58 | x |
| 2023-12-31 | CN¥0.11 | CN¥11.58 | x |
| 2024-12-31 | CN¥-1.26 | CN¥11.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rendong Holdings 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -71.87%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-30.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 8.22% | 0.70% | 1.72x | 6.80x | CN¥-4.54 Million |
| 2009 | 13.60% | 1.52% | 1.47x | 6.06x | CN¥10.60 Million |
| 2010 | 21.17% | 2.05% | 2.39x | 4.33x | CN¥41.84 Million |
| 2011 | 8.81% | 2.12% | 1.81x | 2.30x | CN¥-11.42 Million |
| 2012 | 3.21% | 0.84% | 1.35x | 2.82x | CN¥-67.00 Million |
| 2013 | 7.13% | 2.02% | 1.40x | 2.52x | CN¥-30.20 Million |
| 2014 | -4.82% | -1.03% | 1.74x | 2.70x | CN¥-146.74 Million |
| 2015 | 0.87% | 0.19% | 2.10x | 2.12x | CN¥-91.19 Million |
| 2016 | 9.86% | 4.18% | 1.17x | 2.01x | CN¥-1.53 Million |
| 2017 | -27.79% | -22.63% | 0.33x | 3.67x | CN¥-293.37 Million |
| 2018 | 5.47% | 3.57% | 0.30x | 5.18x | CN¥-43.89 Million |
| 2019 | -2.73% | -1.42% | 0.50x | 3.86x | CN¥-118.67 Million |
| 2020 | -107.14% | -20.41% | 0.57x | 9.19x | CN¥-470.86 Million |
| 2021 | -15.00% | -3.03% | 0.46x | 10.75x | CN¥-87.32 Million |
| 2022 | -75.09% | -8.48% | 0.34x | 25.75x | CN¥-159.26 Million |
| 2023 | -356.07% | -11.96% | 0.41x | 73.22x | CN¥-221.39 Million |
| 2024 | 0.00% | -71.87% | 0.25x | 0.00x | CN¥-762.50 Million |
Industry Comparison
This section compares Rendong Holdings Co Ltd's net assets metrics with peer companies in the Financial Conglomerates industry.
Industry Context
- Industry: Financial Conglomerates
- Average net assets among peers: $28,825,298,961
- Average return on equity (ROE) among peers: 8.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rendong Holdings Co Ltd (002647) | CN¥700.94 Million | 8.22% | 6.36x | $1.92 Billion |
| CNPC Capital Co Ltd (000617) | $142.06 Billion | 5.15% | 5.27x | $14.78 Billion |
| Guangzhou Friendship Group Co Ltd (000987) | $45.91 Billion | 5.00% | 3.79x | $5.98 Billion |
| Guosheng Financial Holding Inc (002670) | $11.66 Billion | -3.68% | 1.83x | $3.37 Billion |
| Guosen Securities Co Ltd (002736) | $32.78 Billion | 15.03% | 3.92x | $15.21 Billion |
| First Capital Securities Co Ltd Class A (002797) | $3.10 Billion | 11.23% | 1.90x | $4.51 Billion |
| Minmetals Capital Co Ltd (600390) | $101.20 Million | 30.84% | 1.13x | $3.21 Billion |
| Shanghai Chinafortune Co Ltd (600621) | $1.13 Billion | 6.72% | 0.69x | $2.14 Billion |
| China Galaxy Securities Co Ltd Class A (601881) | $-6.15 Billion | 0.00% | 0.00x | $12.96 Billion |
About Rendong Holdings Co Ltd
Rendong Holdings Co., Ltd. provides financial services in China. It offers third-party payment, financial leasing, factoring, supply chain management, and other financial technology-related services. The company was formerly known as Meson Fintech Co., Ltd. and changed its name to Rendong Holdings Co., Ltd. in August 2018. Rendong Holdings Co., Ltd. was founded in 1998 and is headquartered in Bei… Read more