Shifeng Cultural Development Co Ltd
Shifeng Cultural Development Co., Ltd., together with its subsidiaries, engages in the research, development, design, production, and sale of toys in China and Internationally. It offers range of toy products, such as electric remote control, infant, car model, animation game derivative, and smart and other toys. The company also develops online video games. It also exports its products. Shifeng … Read more
Shifeng Cultural Development Co Ltd (002862) - Net Assets
Latest net assets as of September 2025: CN¥400.07 Million CNY
Based on the latest financial reports, Shifeng Cultural Development Co Ltd (002862) has net assets worth CN¥400.07 Million CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥707.49 Million) and total liabilities (CN¥307.43 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥400.07 Million |
| % of Total Assets | 56.55% |
| Annual Growth Rate | 15.79% |
| 5-Year Change | -12.18% |
| 10-Year Change | 81.3% |
| Growth Volatility | 39.76 |
Shifeng Cultural Development Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Shifeng Cultural Development Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shifeng Cultural Development Co Ltd (2012–2024)
The table below shows the annual net assets of Shifeng Cultural Development Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥462.60 Million | +13.24% |
| 2023-12-31 | CN¥408.51 Million | -13.58% |
| 2022-12-31 | CN¥472.71 Million | -7.89% |
| 2021-12-31 | CN¥513.21 Million | -2.58% |
| 2020-12-31 | CN¥526.78 Million | -7.52% |
| 2019-12-31 | CN¥569.63 Million | +0.08% |
| 2018-12-31 | CN¥569.17 Million | +5.04% |
| 2017-12-31 | CN¥541.86 Million | +83.47% |
| 2016-12-31 | CN¥295.34 Million | +15.75% |
| 2015-12-31 | CN¥255.15 Million | +20.21% |
| 2014-12-31 | CN¥212.25 Million | +18.33% |
| 2013-12-31 | CN¥179.37 Million | +125.30% |
| 2012-12-31 | CN¥79.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shifeng Cultural Development 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 59.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥18.88 Million | 4.08% |
| Common Stock | CN¥120.00 Million | 25.95% |
| Other Comprehensive Income | CN¥23.75 Million | 5.14% |
| Other Components | CN¥299.78 Million | 64.83% |
| Total Equity | CN¥462.40 Million | 100.00% |
Shifeng Cultural Development Co Ltd Competitors by Market Cap
The table below lists competitors of Shifeng Cultural Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yongyue Science & Tech Co Ltd
SHG:603879
|
$192.82 Million |
|
S4 Capital plc
PINK:SCPPF
|
$192.83 Million |
|
Euroseas Ltd
NASDAQ:ESEA
|
$192.86 Million |
|
Evli Pankki Oyj
HE:EVLI
|
$192.86 Million |
|
Lanner Electronics
TWO:6245
|
$192.80 Million |
|
Tianjin Guifaxiang 18th Street Mahua Food Co Ltd
SHE:002820
|
$192.71 Million |
|
Alector Inc
NASDAQ:ALEC
|
$192.67 Million |
|
Nanjing Inform Storage Equip
SHG:603066
|
$192.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shifeng Cultural Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 408,513,000 to 462,405,000, a change of 53,892,000 (13.2%).
- Net income of 9,524,000 contributed positively to equity growth.
- Dividend payments of 8,754,000 reduced retained earnings.
- Other comprehensive income increased equity by 12,966,870.
- Other factors increased equity by 40,155,130.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥9.52 Million | +2.06% |
| Dividends Paid | CN¥8.75 Million | -1.89% |
| Other Comprehensive Income | CN¥12.97 Million | +2.8% |
| Other Changes | CN¥40.16 Million | +8.68% |
| Total Change | CN¥- | 13.19% |
Book Value vs Market Value Analysis
This analysis compares Shifeng Cultural Development 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: 4.32x
- 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 18.94x to 4.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥0.89 | CN¥16.83 | x |
| 2013-12-31 | CN¥2.00 | CN¥16.83 | x |
| 2014-12-31 | CN¥2.37 | CN¥16.83 | x |
| 2015-12-31 | CN¥2.82 | CN¥16.83 | x |
| 2016-12-31 | CN¥3.29 | CN¥16.83 | x |
| 2017-12-31 | CN¥4.91 | CN¥16.83 | x |
| 2018-12-31 | CN¥4.75 | CN¥16.83 | x |
| 2019-12-31 | CN¥4.75 | CN¥16.83 | x |
| 2020-12-31 | CN¥4.39 | CN¥16.83 | x |
| 2021-12-31 | CN¥4.32 | CN¥16.83 | x |
| 2022-12-31 | CN¥3.98 | CN¥16.83 | x |
| 2023-12-31 | CN¥3.44 | CN¥16.83 | x |
| 2024-12-31 | CN¥3.89 | CN¥16.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shifeng Cultural Development 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): 2.06%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.18%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 1.56x
- Recent ROE (2.06%) is below the historical average (6.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 39.95% | 11.97% | 1.57x | 2.12x | CN¥23.84 Million |
| 2013 | 18.06% | 9.86% | 1.18x | 1.56x | CN¥14.45 Million |
| 2014 | 15.48% | 8.73% | 1.34x | 1.32x | CN¥11.63 Million |
| 2015 | 16.76% | 10.22% | 1.32x | 1.24x | CN¥17.25 Million |
| 2016 | 13.57% | 9.89% | 1.20x | 1.14x | CN¥10.54 Million |
| 2017 | 8.01% | 9.94% | 0.74x | 1.09x | CN¥-10.79 Million |
| 2018 | 5.62% | 8.03% | 0.65x | 1.07x | CN¥-24.95 Million |
| 2019 | 1.45% | 2.13% | 0.60x | 1.14x | CN¥-48.68 Million |
| 2020 | -7.78% | -16.32% | 0.37x | 1.28x | CN¥-93.66 Million |
| 2021 | -0.19% | -0.27% | 0.55x | 1.31x | CN¥-52.29 Million |
| 2022 | -8.58% | -12.34% | 0.47x | 1.49x | CN¥-87.82 Million |
| 2023 | -15.69% | -20.33% | 0.50x | 1.54x | CN¥-104.94 Million |
| 2024 | 2.06% | 2.18% | 0.61x | 1.56x | CN¥-36.72 Million |
Industry Comparison
This section compares Shifeng Cultural Development Co Ltd's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $804,391,392
- Average return on equity (ROE) among peers: 7.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shifeng Cultural Development Co Ltd (002862) | CN¥400.07 Million | 39.95% | 0.77x | $192.82 Million |
| China Bicycle Co Holdings Ltd (000017) | $-1.76 Billion | 0.00% | 0.00x | $399.65 Million |
| Sportsoul Co. Ltd. A (001300) | $1.06 Billion | 2.11% | 0.25x | $179.80 Million |
| HL Corp Shenzhen (002105) | $567.28 Million | 4.46% | 1.51x | $173.11 Million |
| Goldlok Toys Holdings Guangdong Co Ltd (002348) | $1.12 Billion | 5.75% | 0.06x | $627.40 Million |
| Guangdong Qunxing Toys Joint-Stock Co Ltd (002575) | $884.00 Million | 4.93% | 0.13x | $533.55 Million |
| Shanghai Yaoji Playing Card Co Ltd (002605) | $1.06 Billion | 8.95% | 0.37x | $695.43 Million |
| Xiamen Comfort Science&Technology Group Co Ltd (002614) | $217.49 Million | 21.16% | 1.94x | $334.52 Million |
| Guangzhou Pearl River Piano Group Co Ltd (002678) | $3.73 Billion | 0.16% | 0.22x | $191.51 Million |
| Impulse Qingdao Health Tech Co Ltd (002899) | $361.39 Million | 21.08% | 0.71x | $407.33 Million |