Chengdu Hongqi Chain Co Ltd Net Assets
Chengdu Hongqi Chain Co Ltd net assets. Based on the latest financial reports, Chengdu Hongqi Chain Co Ltd (002697) has net assets worth CN¥4.93 Billion CNY (≈ $721.48 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¥8.41 Billion ≈ $1.23 Billion USD) and total liabilities (CN¥3.48 Billion ≈ $508.91 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 Chengdu Hongqi Chain Co Ltd equity growth rate to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.93 Billion |
| % of Total Assets | 58.64% |
| Annual Growth Rate | 23.85% |
| 5-Year Change | 29.97% |
| 10-Year Change | 119.66% |
| Growth Volatility | 61.34 |
Net Assets of Chengdu Hongqi Chain Co Ltd (2009–2025)
Net assets of Chengdu Hongqi Chain Co Ltd from 2009 to 2025. This chart illustrates how Chengdu Hongqi Chain Co Ltd's net assets have evolved over time, based on quarterly financial data. See Chengdu Hongqi Chain Co Ltd (002697) net asset quality to measure how much of total assets are equity-financed.
Annual Net Assets for Chengdu Hongqi Chain Co Ltd (2009–2025)
The table below shows the annual net assets of Chengdu Hongqi Chain Co Ltd from 2009 to 2025. For live market cap and overall valuation, see 002697 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥4.79 Billion ≈ $700.62 Million |
+7.26% |
| 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 2209.7% over the analyzed period, indicating profitable operations and earnings retention.
Chengdu Hongqi Chain Co Ltd Net Assets Breakdown (December 2025)
Chengdu Hongqi Chain Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.85 Billion | 59.55% |
| Other Components | CN¥1.94 Billion | 40.45% |
| Total Equity | CN¥4.79 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 |
|---|---|
|
Miracle Automation Engineering
SHE:002009
|
$959.41 Million |
|
Ye Chiu Metal Recycling China Ltd
SHG:601388
|
$959.88 Million |
|
BLS International Services Limited
NSE:BLS
|
$959.96 Million |
|
Compass Minerals International Inc
NYSE:CMP
|
$960.43 Million |
|
Yeni Gimat Gayrimenkul Yatirim Ortakligi AS
IS:YGGYO
|
$958.96 Million |
|
Solareast Holdings Co Ltd
SHG:603366
|
$958.93 Million |
|
Yindu Kitchen Equipment Co Ltd
SHG:603277
|
$958.68 Million |
|
Financial Street Holdings Co Ltd
SHE:000402
|
$957.85 Million |
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 2024 to 2025, total equity changed from 4,463,066,501 to 4,787,267,999, a change of 324,201,498 (7.3%).
- Net income of 480,601,500 contributed positively to equity growth.
- Dividend payments of 156,400,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥480.60 Million | +10.04% |
| Dividends Paid | CN¥156.40 Million | -3.27% |
| Other Changes | CN¥-1.66 | -0.0% |
| Total Change | CN¥- | 7.26% |
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: 1.38x
- 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 31.33x to 1.38x 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¥4.82 | x |
| 2010-12-31 | CN¥0.49 | CN¥4.82 | x |
| 2011-12-31 | CN¥0.61 | CN¥4.82 | x |
| 2012-12-31 | CN¥1.49 | CN¥4.82 | x |
| 2013-12-31 | CN¥1.33 | CN¥4.82 | x |
| 2014-12-31 | CN¥1.46 | CN¥4.82 | x |
| 2015-12-31 | CN¥1.48 | CN¥4.82 | x |
| 2016-12-31 | CN¥1.66 | CN¥4.82 | x |
| 2017-12-31 | CN¥1.69 | CN¥4.82 | x |
| 2018-12-31 | CN¥1.94 | CN¥4.82 | x |
| 2019-12-31 | CN¥2.25 | CN¥4.82 | x |
| 2020-12-31 | CN¥2.53 | CN¥4.82 | x |
| 2021-12-31 | CN¥2.71 | CN¥4.82 | x |
| 2022-12-31 | CN¥3.05 | CN¥4.82 | x |
| 2023-12-31 | CN¥3.00 | CN¥4.82 | x |
| 2024-12-31 | CN¥3.25 | CN¥4.82 | x |
| 2025-12-31 | CN¥3.49 | CN¥4.82 | 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): 10.04%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.03%
- • Asset Turnover: 1.15x
- • Equity Multiplier: 1.73x
- Recent ROE (10.04%) is below the historical average (17.05%), 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 |
| 2025 | 10.04% | 5.03% | 1.15x | 1.73x | CN¥1.87 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: $5,112,848,758
- Average return on equity (ROE) among peers: 2.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chengdu Hongqi Chain Co Ltd (002697) | CN¥4.93 Billion | 77.29% | 0.71x | $959.23 Million |
| Hefei Department Store Group Co Ltd (000417) | $5.04 Billion | 3.59% | 1.56x | $680.16 Million |
| Changsha Tongcheng Holdings Co Ltd (000419) | $20.20 Million | 0.00% | 2.32x | $386.58 Million |
| Wushang Group Co Ltd (000501) | $1.37 Billion | 1.70% | 1.36x | $782.07 Million |
| CCOOP Group Co Ltd (000564) | $25.85 Billion | -17.56% | 0.83x | $3.54 Billion |
| Dalian Friendship Group Co Ltd (000679) | $230.31 Million | 23.56% | 3.07x | $345.25 Million |
| Zhongxing Shenyang Commercial Building Group Co Ltd (000715) | $883.51 Million | 7.10% | 0.52x | $408.86 Million |
| Easyhome New Retail Group Co Ltd (000785) | $636.92 Million | 1.30% | 2.21x | $1.94 Billion |
| Beijing Hualian Department Store Co Ltd (000882) | $6.78 Billion | 0.97% | 0.96x | $564.79 Million |
| Guangzhou Grandbuy Co Ltd (002187) | $2.56 Billion | 6.17% | 0.65x | $586.66 Million |
| Better Life Commercial Chain Share Co Ltd (002251) | $7.76 Billion | 2.02% | 1.70x | $1.31 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. It also engages in wholesale and retail business. The company was founded in 2000 and is headquartered in Chengdu, China.