Chengdu Hongqi Chain Co Ltd (002697) - Net Assets
Based on the latest financial reports, Chengdu Hongqi Chain Co Ltd (002697) has net assets worth CN¥4.69 Billion CNY (≈ $686.29 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¥8.43 Billion ≈ $1.23 Billion USD) and total liabilities (CN¥3.74 Billion ≈ $547.99 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 Chengdu Hongqi Chain Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.69 Billion |
| % of Total Assets | 55.6% |
| Annual Growth Rate | 25.05% |
| 5-Year Change | 29.58% |
| 10-Year Change | 119.28% |
| Growth Volatility | 62.99 |
Chengdu Hongqi Chain Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Chengdu Hongqi Chain Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Chengdu Hongqi Chain Co Ltd (002697) total assets for the complete picture of this company's asset base.
Annual Net Assets for Chengdu Hongqi Chain Co Ltd (2009–2024)
The table below shows the annual net assets of Chengdu Hongqi Chain Co Ltd from 2009 to 2024. For live valuation and market cap data, see market value of Chengdu Hongqi Chain Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.46 Billion ≈ $653.18 Million |
+8.57% |
| 2023-12-31 | CN¥4.11 Billion ≈ $601.60 Million |
-0.95% |
| 2022-12-31 | CN¥4.15 Billion ≈ $607.35 Million |
+12.67% |
| 2021-12-31 | CN¥3.68 Billion ≈ $539.07 Million |
+6.94% |
| 2020-12-31 | CN¥3.44 Billion ≈ $504.09 Million |
+12.63% |
| 2019-12-31 | CN¥3.06 Billion ≈ $447.55 Million |
+16.98% |
| 2018-12-31 | CN¥2.61 Billion ≈ $382.59 Million |
+12.75% |
| 2017-12-31 | CN¥2.32 Billion ≈ $339.32 Million |
+6.38% |
| 2016-12-31 | CN¥2.18 Billion ≈ $318.96 Million |
+7.08% |
| 2015-12-31 | CN¥2.04 Billion ≈ $297.88 Million |
+6.56% |
| 2014-12-31 | CN¥1.91 Billion ≈ $279.55 Million |
+7.23% |
| 2013-12-31 | CN¥1.78 Billion ≈ $260.71 Million |
+5.63% |
| 2012-12-31 | CN¥1.69 Billion ≈ $246.80 Million |
+170.27% |
| 2011-12-31 | CN¥624.06 Million ≈ $91.32 Million |
+26.73% |
| 2010-12-31 | CN¥492.44 Million ≈ $72.06 Million |
+215.32% |
| 2009-12-31 | CN¥156.17 Million ≈ $22.85 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Chengdu Hongqi Chain 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 grown by 1989.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.58 Billion | 57.79% |
| Common Stock | CN¥1.36 Billion | 30.47% |
| Other Components | CN¥523.99 Million | 11.74% |
| Total Equity | CN¥4.46 Billion | 100.00% |
Chengdu Hongqi Chain Co Ltd Competitors by Market Cap
The table below lists competitors of Chengdu Hongqi Chain Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sinar Mas Agro Resources and Technology Tbk PT
JK:SMAR
|
$1.04 Billion |
|
Zhongtong Bus Holding Co Ltd
SHE:000957
|
$1.04 Billion |
|
Paradise Co. Ltd
KQ:034230
|
$1.04 Billion |
|
Helia Group Ltd
AU:HLI
|
$1.04 Billion |
|
Gilat Satellite Networks Ltd
TA:GILT
|
$1.03 Billion |
|
Ina Invest Holding AG
SW:INA
|
$1.03 Billion |
|
Wuxi ETEK Microelectronics Co Ltd
SHG:688601
|
$1.03 Billion |
|
Bangkok Chain Hospital Public Company Limited
BK:BCH-R
|
$1.03 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chengdu Hongqi Chain Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,110,537,725 to 4,463,066,501, a change of 352,528,776 (8.6%).
- Net income of 521,168,780 contributed positively to equity growth.
- Dividend payments of 168,640,000 reduced retained earnings.
- Other comprehensive income decreased equity by 427,366,788.
- Other factors increased equity by 427,366,784.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥521.17 Million | +11.68% |
| Dividends Paid | CN¥168.64 Million | -3.78% |
| Other Comprehensive Income | CN¥-427.37 Million | -9.58% |
| Other Changes | CN¥427.37 Million | +9.58% |
| Total Change | CN¥- | 8.58% |
Book Value vs Market Value Analysis
This analysis compares Chengdu Hongqi Chain 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: 1.60x
- 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 33.80x to 1.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.15 | CN¥5.20 | x |
| 2010-12-31 | CN¥0.49 | CN¥5.20 | x |
| 2011-12-31 | CN¥0.61 | CN¥5.20 | x |
| 2012-12-31 | CN¥1.49 | CN¥5.20 | x |
| 2013-12-31 | CN¥1.33 | CN¥5.20 | x |
| 2014-12-31 | CN¥1.46 | CN¥5.20 | x |
| 2015-12-31 | CN¥1.48 | CN¥5.20 | x |
| 2016-12-31 | CN¥1.66 | CN¥5.20 | x |
| 2017-12-31 | CN¥1.69 | CN¥5.20 | x |
| 2018-12-31 | CN¥1.94 | CN¥5.20 | x |
| 2019-12-31 | CN¥2.25 | CN¥5.20 | x |
| 2020-12-31 | CN¥2.53 | CN¥5.20 | x |
| 2021-12-31 | CN¥2.71 | CN¥5.20 | x |
| 2022-12-31 | CN¥3.05 | CN¥5.20 | x |
| 2023-12-31 | CN¥3.00 | CN¥5.20 | x |
| 2024-12-31 | CN¥3.25 | CN¥5.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chengdu Hongqi Chain 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): 11.68%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.15%
- • Asset Turnover: 1.22x
- • Equity Multiplier: 1.86x
- Recent ROE (11.68%) is below the historical average (17.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 77.29% | 4.86% | 3.07x | 5.18x | CN¥105.08 Million |
| 2010 | 30.61% | 5.45% | 2.38x | 2.36x | CN¥101.52 Million |
| 2011 | 27.34% | 4.95% | 2.23x | 2.48x | CN¥108.21 Million |
| 2012 | 10.29% | 4.44% | 1.47x | 1.57x | CN¥4.83 Million |
| 2013 | 8.81% | 3.54% | 1.55x | 1.61x | CN¥-21.14 Million |
| 2014 | 8.92% | 3.57% | 1.54x | 1.62x | CN¥-20.68 Million |
| 2015 | 8.80% | 3.27% | 1.51x | 1.79x | CN¥-24.35 Million |
| 2016 | 6.62% | 2.28% | 1.59x | 1.83x | CN¥-73.65 Million |
| 2017 | 7.11% | 2.38% | 1.61x | 1.86x | CN¥-66.96 Million |
| 2018 | 12.35% | 4.47% | 1.51x | 1.83x | CN¥61.42 Million |
| 2019 | 16.89% | 6.60% | 1.53x | 1.67x | CN¥210.52 Million |
| 2020 | 14.66% | 5.58% | 1.48x | 1.78x | CN¥160.51 Million |
| 2021 | 13.07% | 5.15% | 1.24x | 2.04x | CN¥112.94 Million |
| 2022 | 11.70% | 4.85% | 1.22x | 1.97x | CN¥70.62 Million |
| 2023 | 13.65% | 5.54% | 1.25x | 1.97x | CN¥150.06 Million |
| 2024 | 11.68% | 5.15% | 1.22x | 1.86x | CN¥74.86 Million |
Industry Comparison
This section compares Chengdu Hongqi Chain Co Ltd's net assets metrics with peer companies in the Department Stores industry.
Industry Context
- Industry: Department Stores
- Average net assets among peers: $1,784,586,171
- Average return on equity (ROE) among peers: 7.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chengdu Hongqi Chain Co Ltd (002697) | CN¥4.69 Billion | 77.29% | 0.80x | $1.03 Billion |
| Hefei Department Store Group Co Ltd (000417) | $3.72 Billion | 9.85% | 1.14x | $763.47 Million |
| Changsha Tongcheng Holdings Co Ltd (000419) | $895.76 Million | 11.76% | 2.56x | $463.74 Million |
| Wushang Group Co Ltd (000501) | $1.56 Billion | 15.35% | 2.76x | $942.98 Million |
| CCOOP Group Co Ltd (000564) | $512.88 Million | 0.56% | 1.27x | $4.62 Billion |
| Dalian Friendship Group Co Ltd (000679) | $275.21 Million | -13.50% | 2.47x | $377.58 Million |
| Zhongxing Shenyang Commercial Building Group Co Ltd (000715) | $1.22 Billion | 7.30% | 0.75x | $473.70 Million |
| Easyhome New Retail Group Co Ltd (000785) | $636.92 Million | 1.30% | 2.21x | $2.35 Billion |
| Beijing Hualian Department Store Co Ltd (000882) | $6.26 Billion | 1.85% | 0.72x | $660.93 Million |
| Guangzhou Grandbuy Co Ltd (002187) | $2.38 Billion | 10.01% | 0.90x | $634.86 Million |
| Better Life Commercial Chain Share Co Ltd (002251) | $403.01 Million | 30.68% | 2.74x | $1.63 Billion |
About Chengdu Hongqi Chain Co Ltd
Chengdu Hongqi Chain Co.,Ltd., together with its subsidiaries, engages in the chain operation of convenience supermarkets in China. The company was founded in 2000 and is headquartered in Chengdu, China.