Shanghai Lisheng Racing Co Ltd (002858) - Net Assets
Based on the latest financial reports, Shanghai Lisheng Racing Co Ltd (002858) has net assets worth CN¥726.19 Million CNY (≈ $106.26 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¥1.13 Billion ≈ $165.08 Million USD) and total liabilities (CN¥401.92 Million ≈ $58.81 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 Shanghai Lisheng Racing Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥726.19 Million |
| % of Total Assets | 64.37% |
| Annual Growth Rate | 19.54% |
| 5-Year Change | 56.48% |
| 10-Year Change | 234.25% |
| Growth Volatility | 33.74 |
Shanghai Lisheng Racing Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Shanghai Lisheng Racing Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shanghai Lisheng Racing Co Ltd assets under control for the complete picture of this company's asset base.
Annual Net Assets for Shanghai Lisheng Racing Co Ltd (2011–2024)
The table below shows the annual net assets of Shanghai Lisheng Racing Co Ltd from 2011 to 2024. For live valuation and market cap data, see Shanghai Lisheng Racing Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥674.74 Million ≈ $98.74 Million |
-2.55% |
| 2023-12-31 | CN¥692.42 Million ≈ $101.32 Million |
-9.75% |
| 2022-12-31 | CN¥767.19 Million ≈ $112.26 Million |
-5.93% |
| 2021-12-31 | CN¥815.59 Million ≈ $119.35 Million |
+89.14% |
| 2020-12-31 | CN¥431.21 Million ≈ $63.10 Million |
-16.38% |
| 2019-12-31 | CN¥515.65 Million ≈ $75.46 Million |
+13.37% |
| 2018-12-31 | CN¥454.84 Million ≈ $66.56 Million |
+8.67% |
| 2017-12-31 | CN¥418.54 Million ≈ $61.25 Million |
+81.20% |
| 2016-12-31 | CN¥230.98 Million ≈ $33.80 Million |
+14.42% |
| 2015-12-31 | CN¥201.87 Million ≈ $29.54 Million |
+12.12% |
| 2014-12-31 | CN¥180.05 Million ≈ $26.35 Million |
+16.03% |
| 2013-12-31 | CN¥155.18 Million ≈ $22.71 Million |
+69.52% |
| 2012-12-31 | CN¥91.54 Million ≈ $13.40 Million |
+38.07% |
| 2011-12-31 | CN¥66.30 Million ≈ $9.70 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanghai Lisheng Racing 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 1620.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥163.92 Million | 31.26% |
| Other Comprehensive Income | CN¥18.55 Million | 3.54% |
| Other Components | CN¥507.07 Million | 96.69% |
| Total Equity | CN¥524.45 Million | 100.00% |
Shanghai Lisheng Racing Co Ltd Competitors by Market Cap
The table below lists competitors of Shanghai Lisheng Racing Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bhakti Multi Artha Pt
JK:BHAT
|
$410.17 Million |
|
Luxfer Holdings PLC
NYSE:LXFR
|
$410.18 Million |
|
Taiwan Mask Corp
TW:2338
|
$410.22 Million |
|
Jiangsu Wanlin Modern Logistic
SHG:603117
|
$410.35 Million |
|
Axis Bank Ltd GDR
IL:AXB
|
$410.15 Million |
|
Israel Land Development Company Co Ltd
TA:ILDC
|
$409.87 Million |
|
Stylam Industries Limited
NSE:STYLAMIND
|
$409.87 Million |
|
Mekonomen AB
ST:MEKO
|
$409.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Lisheng Racing Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 586,368,993 to 524,451,615, a change of -61,917,378 (-10.6%).
- Net loss of 38,861,443 reduced equity.
- Dividend payments of 6,346,491 reduced retained earnings.
- Share repurchases of 20,010,596 reduced equity.
- Other comprehensive income increased equity by 18,552,727.
- Other factors decreased equity by 15,251,575.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-38.86 Million | -7.41% |
| Dividends Paid | CN¥6.35 Million | -1.21% |
| Share Repurchases | CN¥20.01 Million | -3.82% |
| Other Comprehensive Income | CN¥18.55 Million | +3.54% |
| Other Changes | CN¥-15.25 Million | -2.91% |
| Total Change | CN¥- | -10.56% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Lisheng Racing 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: 5.28x
- 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 22.12x to 5.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.77 | CN¥17.10 | x |
| 2012-12-31 | CN¥1.05 | CN¥17.10 | x |
| 2013-12-31 | CN¥1.66 | CN¥17.10 | x |
| 2014-12-31 | CN¥1.85 | CN¥17.10 | x |
| 2015-12-31 | CN¥2.05 | CN¥17.10 | x |
| 2016-12-31 | CN¥2.35 | CN¥17.10 | x |
| 2017-12-31 | CN¥3.36 | CN¥17.10 | x |
| 2018-12-31 | CN¥3.35 | CN¥17.10 | x |
| 2019-12-31 | CN¥3.50 | CN¥17.10 | x |
| 2020-12-31 | CN¥2.85 | CN¥17.10 | x |
| 2021-12-31 | CN¥5.47 | CN¥17.10 | x |
| 2022-12-31 | CN¥4.33 | CN¥17.10 | x |
| 2023-12-31 | CN¥3.64 | CN¥17.10 | x |
| 2024-12-31 | CN¥3.24 | CN¥17.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Lisheng Racing 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): -7.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.82%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.89x
- Recent ROE (-7.41%) is below the historical average (4.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 7.98% | 4.21% | 1.06x | 1.79x | CN¥-1.32 Million |
| 2012 | 26.24% | 17.50% | 0.96x | 1.56x | CN¥14.39 Million |
| 2013 | 16.58% | 16.20% | 0.83x | 1.23x | CN¥9.94 Million |
| 2014 | 16.18% | 13.53% | 0.88x | 1.37x | CN¥10.79 Million |
| 2015 | 12.69% | 11.25% | 0.92x | 1.23x | CN¥5.24 Million |
| 2016 | 14.68% | 13.56% | 0.89x | 1.22x | CN¥10.41 Million |
| 2017 | 10.12% | 14.43% | 0.59x | 1.19x | CN¥490.14K |
| 2018 | 8.95% | 10.22% | 0.64x | 1.37x | CN¥-4.49 Million |
| 2019 | 8.56% | 8.55% | 0.60x | 1.68x | CN¥-6.31 Million |
| 2020 | -10.98% | -19.45% | 0.34x | 1.67x | CN¥-74.35 Million |
| 2021 | 2.27% | 5.92% | 0.25x | 1.55x | CN¥-56.47 Million |
| 2022 | -9.51% | -24.81% | 0.25x | 1.53x | CN¥-131.50 Million |
| 2023 | -32.90% | -47.61% | 0.39x | 1.75x | CN¥-251.55 Million |
| 2024 | -7.41% | -8.82% | 0.44x | 1.89x | CN¥-91.31 Million |
Industry Comparison
This section compares Shanghai Lisheng Racing Co Ltd's net assets metrics with peer companies in the Entertainment industry.
Industry Context
- Industry: Entertainment
- Average net assets among peers: $4,719,552,067
- Average return on equity (ROE) among peers: -4.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Lisheng Racing Co Ltd (002858) | CN¥726.19 Million | 7.98% | 0.55x | $410.17 Million |
| Wasu Media Holding Co Ltd (000156) | $10.11 Billion | 5.95% | 0.39x | $2.01 Billion |
| Huawen Media Investment Corp (000793) | $9.99 Billion | 8.59% | 0.34x | $797.87 Million |
| Beijing Jingxi Culture&Tourism Co Ltd (000802) | $1.04 Billion | 2.05% | 0.37x | $451.51 Million |
| CITIC Guoan Information Industry Co Ltd (000839) | $6.93 Billion | 5.07% | 0.59x | $1.70 Billion |
| Guangdong Alpha Animation and Culture Co Ltd (002292) | $1.58 Billion | 11.48% | 0.22x | $1.80 Billion |
| Ciwen Media Co Ltd (002343) | $1.40 Billion | 5.15% | 0.21x | $429.75 Million |
| Perfect World Co Ltd (002624) | $10.13 Billion | 14.84% | 0.64x | $4.32 Billion |
| Wanda Cinema Line Corp (002739) | $1.21 Billion | 25.19% | 0.58x | $3.12 Billion |
| Guangzhou Jinyi Media Corp (002905) | $76.83 Million | -117.60% | 37.67x | $524.79 Million |
About Shanghai Lisheng Racing Co Ltd
Lisheng Sports (Shanghai) Co.,Ltd operates as an automotive sports operator in China. The company engages in the racing venue operation; event and club operation; provision of technology R&D and training; and other businesses. It is also involved in the manufacture and sale of sports equipment; and digital sports business. The company was founded in 2002 and is headquartered in Shanghai, China.