Shenzhen Mingdiao Decoration Co Ltd (002830) - Net Assets
Based on the latest financial reports, Shenzhen Mingdiao Decoration Co Ltd (002830) has net assets worth CN¥704.70 Million CNY (≈ $103.12 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¥1.37 Billion ≈ $200.20 Million USD) and total liabilities (CN¥663.45 Million ≈ $97.08 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 Shenzhen Mingdiao Decoration Co Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥704.70 Million |
| % of Total Assets | 51.51% |
| Annual Growth Rate | 19.35% |
| 5-Year Change | 3.12% |
| 10-Year Change | 23.01% |
| Growth Volatility | 34.09 |
Shenzhen Mingdiao Decoration Co Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Shenzhen Mingdiao Decoration Co Ltd's net assets have evolved over time, based on quarterly financial data. See Shenzhen Mingdiao Decoration Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shenzhen Mingdiao Decoration Co Ltd (2008–2025)
The table below shows the annual net assets of Shenzhen Mingdiao Decoration Co Ltd from 2008 to 2025. For live valuation and market cap data, see how much is Shenzhen Mingdiao Decoration Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥700.02 Million ≈ $102.44 Million |
+1.63% |
| 2024-12-31 | CN¥688.83 Million ≈ $100.80 Million |
-1.44% |
| 2023-12-31 | CN¥698.90 Million ≈ $102.27 Million |
+2.96% |
| 2022-12-31 | CN¥678.84 Million ≈ $99.34 Million |
+0.00% |
| 2021-12-31 | CN¥678.81 Million ≈ $99.33 Million |
+2.43% |
| 2020-12-31 | CN¥662.71 Million ≈ $96.97 Million |
+0.95% |
| 2019-12-31 | CN¥656.48 Million ≈ $96.06 Million |
+0.64% |
| 2018-12-31 | CN¥652.33 Million ≈ $95.46 Million |
+6.41% |
| 2017-12-31 | CN¥613.06 Million ≈ $89.71 Million |
+7.73% |
| 2016-12-31 | CN¥569.08 Million ≈ $83.27 Million |
+87.45% |
| 2015-12-31 | CN¥303.58 Million ≈ $44.42 Million |
+12.23% |
| 2014-12-31 | CN¥270.50 Million ≈ $39.58 Million |
+14.95% |
| 2013-12-31 | CN¥235.33 Million ≈ $34.44 Million |
+17.94% |
| 2012-12-31 | CN¥199.54 Million ≈ $29.20 Million |
+19.73% |
| 2011-12-31 | CN¥166.66 Million ≈ $24.39 Million |
+47.66% |
| 2010-12-31 | CN¥112.86 Million ≈ $16.52 Million |
+45.00% |
| 2009-12-31 | CN¥77.84 Million ≈ $11.39 Million |
+124.93% |
| 2008-12-31 | CN¥34.61 Million ≈ $5.06 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Mingdiao Decoration 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 3097.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥341.45 Million | 50.20% |
| Other Components | CN¥338.77 Million | 49.80% |
| Total Equity | CN¥680.22 Million | 100.00% |
Shenzhen Mingdiao Decoration Co Ltd Competitors by Market Cap
The table below lists competitors of Shenzhen Mingdiao Decoration Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tangel Publishing
SHE:300148
|
$399.57 Million |
|
COSCO SHIPPING Development Co. Ltd.
F:EZ5
|
$399.61 Million |
|
Shandong Hiking International Co Ltd Class A
SHG:600735
|
$399.68 Million |
|
K-Bro Linen Inc.
TO:KBL
|
$399.82 Million |
|
PHOENIX N AG
SW:PMN
|
$399.30 Million |
|
Shinsung Tngsn
KO:005390
|
$399.30 Million |
|
BNY Mellon Strategic Municipals Inc
NYSE:LEO
|
$399.28 Million |
|
Israel Land Development Company Co Ltd
TA:ILDC
|
$399.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Mingdiao Decoration Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 670,275,356 to 680,217,697, a change of 9,942,341 (1.5%).
- Net income of 42,832,221 contributed positively to equity growth.
- Dividend payments of 32,988,264 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥42.83 Million | +6.3% |
| Dividends Paid | CN¥32.99 Million | -4.85% |
| Other Changes | CN¥98.38K | +0.01% |
| Total Change | CN¥- | 1.48% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Mingdiao Decoration 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: 4.03x
- 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 24.92x to 4.03x 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¥0.59 | CN¥14.68 | x |
| 2009-12-31 | CN¥1.00 | CN¥14.68 | x |
| 2010-12-31 | CN¥1.13 | CN¥14.68 | x |
| 2011-12-31 | CN¥1.67 | CN¥14.68 | x |
| 2012-12-31 | CN¥2.00 | CN¥14.68 | x |
| 2013-12-31 | CN¥2.36 | CN¥14.68 | x |
| 2014-12-31 | CN¥2.70 | CN¥14.68 | x |
| 2015-12-31 | CN¥3.03 | CN¥14.68 | x |
| 2016-12-31 | CN¥5.74 | CN¥14.68 | x |
| 2017-12-31 | CN¥4.60 | CN¥14.68 | x |
| 2018-12-31 | CN¥4.72 | CN¥14.68 | x |
| 2019-12-31 | CN¥4.76 | CN¥14.68 | x |
| 2020-12-31 | CN¥4.91 | CN¥14.68 | x |
| 2021-12-31 | CN¥4.98 | CN¥14.68 | x |
| 2022-12-31 | CN¥4.86 | CN¥14.68 | x |
| 2023-12-31 | CN¥5.06 | CN¥14.68 | x |
| 2024-12-31 | CN¥5.11 | CN¥14.68 | x |
| 2025-12-31 | CN¥3.64 | CN¥14.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Mingdiao Decoration 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): 6.30%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.07%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 2.09x
- Recent ROE (6.30%) is below the historical average (16.74%), 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 | 55.17% | 9.52% | 2.41x | 2.40x | CN¥15.63 Million |
| 2009 | 36.84% | 10.16% | 1.97x | 1.84x | CN¥20.89 Million |
| 2010 | 39.89% | 10.75% | 2.07x | 1.79x | CN¥33.74 Million |
| 2011 | 32.28% | 10.20% | 1.65x | 1.92x | CN¥37.13 Million |
| 2012 | 23.99% | 8.76% | 1.36x | 2.02x | CN¥27.92 Million |
| 2013 | 21.58% | 7.67% | 1.27x | 2.22x | CN¥27.26 Million |
| 2014 | 18.55% | 7.12% | 1.27x | 2.06x | CN¥23.12 Million |
| 2015 | 15.84% | 7.14% | 1.05x | 2.11x | CN¥17.73 Million |
| 2016 | 8.89% | 7.32% | 0.74x | 1.64x | CN¥-6.33 Million |
| 2017 | 8.48% | 6.93% | 0.67x | 1.82x | CN¥-9.25 Million |
| 2018 | 7.20% | 6.01% | 0.63x | 1.89x | CN¥-17.88 Million |
| 2019 | 3.78% | 2.70% | 0.69x | 2.04x | CN¥-39.88 Million |
| 2020 | 3.47% | 2.58% | 0.58x | 2.32x | CN¥-42.22 Million |
| 2021 | 4.42% | 3.29% | 0.53x | 2.51x | CN¥-36.79 Million |
| 2022 | 2.88% | 2.29% | 0.57x | 2.20x | CN¥-46.88 Million |
| 2023 | 5.74% | 4.98% | 0.54x | 2.13x | CN¥-29.05 Million |
| 2024 | 6.07% | 6.04% | 0.50x | 2.03x | CN¥-26.35 Million |
| 2025 | 6.30% | 6.07% | 0.50x | 2.09x | CN¥-25.19 Million |
Industry Comparison
This section compares Shenzhen Mingdiao Decoration Co Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,684,048,967
- Average return on equity (ROE) among peers: -14.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Mingdiao Decoration Co Ltd (002830) | CN¥704.70 Million | 55.17% | 0.94x | $399.33 Million |
| Shenzhen Ecobeauty Co Ltd (000010) | $1.18 Billion | -89.98% | 1.63x | $319.64 Million |
| Shenzhen Sed Industry Co Ltd (000032) | $9.72 Billion | 3.98% | 3.73x | $4.37 Billion |
| NORINCO International Cooperation Ltd (000065) | $119.64 Million | 7.91% | 0.42x | $2.09 Billion |
| Shenzhen Tagen Group Co Ltd (000090) | $3.16 Billion | 5.48% | 1.14x | $926.92 Million |
| Shandong Hi-Speed Road&Bridge (000498) | $400.51 Million | -44.34% | 4.27x | $1.14 Billion |
| Jinyuan Cement Co Ltd (000546) | $199.97 Million | 6.34% | 1.39x | $589.45 Million |
| Hunan Investment Group Co Ltd (000548) | $294.05 Million | -42.13% | 2.67x | $317.04 Million |
| ChengDu Hi-Tech Development Co Ltd (000628) | $198.31 Million | 4.14% | 13.41x | $2.77 Billion |
| Gansu Engineering Consulting Group Co Ltd (000779) | $-1.17 Billion | 0.00% | 0.00x | $524.43 Million |
| Hainan Expressway Co Ltd (000886) | $2.74 Billion | 1.84% | 0.19x | $614.96 Million |
About Shenzhen Mingdiao Decoration Co Ltd
Shenzhen Mingdiao Decoration Co.,Ltd. provides home decoration and furnishing services in China. The company's services include design, engineering construction, wood product customization, decorative material and accessories purchase, and after-sales service, as well as property leasing activities. Shenzhen Mingdiao Decoration Co.,Ltd. was founded in 1998 and is based in Shenzhen, China.