Shifeng Cultural Development Co Ltd (002862) - Net Assets
Based on the latest financial reports, Shifeng Cultural Development Co Ltd (002862) has net assets worth CN¥289.91 Million CNY (≈ $42.42 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¥676.27 Million ≈ $98.96 Million USD) and total liabilities (CN¥386.36 Million ≈ $56.54 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 002862 capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥289.91 Million |
| % of Total Assets | 42.87% |
| Annual Growth Rate | 10.26% |
| 5-Year Change | -44.77% |
| 10-Year Change | -4.03% |
| Growth Volatility | 41.36 |
Shifeng Cultural Development Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Shifeng Cultural Development Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 002862 stock market capitalisation.
Annual Net Assets for Shifeng Cultural Development Co Ltd (2012–2025)
The table below shows the annual net assets of Shifeng Cultural Development Co Ltd from 2012 to 2025. Also explore 002862 year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥283.43 Million ≈ $41.48 Million |
-38.73% |
| 2024-12-31 | CN¥462.60 Million ≈ $67.69 Million |
+13.24% |
| 2023-12-31 | CN¥408.51 Million ≈ $59.78 Million |
-13.58% |
| 2022-12-31 | CN¥472.71 Million ≈ $69.17 Million |
-7.89% |
| 2021-12-31 | CN¥513.21 Million ≈ $75.10 Million |
-2.58% |
| 2020-12-31 | CN¥526.78 Million ≈ $77.08 Million |
-7.52% |
| 2019-12-31 | CN¥569.63 Million ≈ $83.36 Million |
+0.08% |
| 2018-12-31 | CN¥569.17 Million ≈ $83.29 Million |
+5.04% |
| 2017-12-31 | CN¥541.86 Million ≈ $79.29 Million |
+83.47% |
| 2016-12-31 | CN¥295.34 Million ≈ $43.22 Million |
+15.75% |
| 2015-12-31 | CN¥255.15 Million ≈ $37.34 Million |
+20.21% |
| 2014-12-31 | CN¥212.25 Million ≈ $31.06 Million |
+18.33% |
| 2013-12-31 | CN¥179.37 Million ≈ $26.25 Million |
+125.30% |
| 2012-12-31 | CN¥79.61 Million ≈ $11.65 Million |
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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 440.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥443.60 Million | 156.14% |
| Total Equity | CN¥284.11 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 |
|---|---|
|
Pro Real Estate Investment Trust
TO:PRV-UN
|
$378.25 Million |
|
Swedencare publ AB
ST:SECARE
|
$378.43 Million |
|
RDC Semiconductor Co Ltd
TWO:3228
|
$378.50 Million |
|
Alok Industries Limited
NSE:ALOKINDS
|
$378.57 Million |
|
Shihlin Paper Corp
TW:1903
|
$378.09 Million |
|
Siamgas and Petrochemicals Public Company Limited
BK:SGP-R
|
$378.08 Million |
|
Samudera Indonesia Tbk
JK:SMDR
|
$378.06 Million |
|
Sohu.Com Inc
NASDAQ:SOHU
|
$377.92 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 2024 to 2025, total equity changed from 462,405,000 to 284,113,095, a change of -178,291,905 (-38.6%).
- Net loss of 174,765,091 reduced equity.
- Dividend payments of 13,748,147 reduced retained earnings.
- Other comprehensive income decreased equity by 23,752,870.
- Other factors increased equity by 33,974,202.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-174.77 Million | -61.51% |
| Dividends Paid | CN¥13.75 Million | -4.84% |
| Other Comprehensive Income | CN¥-23.75 Million | -8.36% |
| Other Changes | CN¥33.97 Million | +11.96% |
| Total Change | CN¥- | -38.56% |
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: 9.09x
- 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 17.31x to 9.09x 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¥15.38 | x |
| 2013-12-31 | CN¥2.00 | CN¥15.38 | x |
| 2014-12-31 | CN¥1.69 | CN¥15.38 | x |
| 2015-12-31 | CN¥2.02 | CN¥15.38 | x |
| 2016-12-31 | CN¥2.35 | CN¥15.38 | x |
| 2017-12-31 | CN¥3.51 | CN¥15.38 | x |
| 2018-12-31 | CN¥3.39 | CN¥15.38 | x |
| 2019-12-31 | CN¥3.44 | CN¥15.38 | x |
| 2020-12-31 | CN¥3.12 | CN¥15.38 | x |
| 2021-12-31 | CN¥3.75 | CN¥15.38 | x |
| 2022-12-31 | CN¥2.84 | CN¥15.38 | x |
| 2023-12-31 | CN¥2.46 | CN¥15.38 | x |
| 2024-12-31 | CN¥2.77 | CN¥15.38 | x |
| 2025-12-31 | CN¥1.69 | CN¥15.38 | 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): -61.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -41.89%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 2.34x
- Recent ROE (-61.51%) is below the historical average (2.06%), 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 | 19.70% | 10.75% | 1.18x | 1.56x | CN¥17.40 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 | -8.56% | -12.32% | 0.47x | 1.49x | CN¥-87.74 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 |
| 2025 | -61.51% | -41.89% | 0.63x | 2.34x | CN¥-203.18 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: $981,883,722
- Average return on equity (ROE) among peers: 8.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shifeng Cultural Development Co Ltd (002862) | CN¥289.91 Million | 39.95% | 1.33x | $378.10 Million |
| China Bicycle Co Holdings Ltd (000017) | $-1.86 Billion | 0.00% | 0.00x | $484.44 Million |
| HL Corp Shenzhen (002105) | $227.43 Million | 13.86% | 2.02x | $316.73 Million |
| Goldlok Toys Holdings Guangdong Co Ltd (002348) | $242.83 Million | 29.80% | 0.28x | $1.47 Billion |
| Guangdong Qunxing Toys Joint-Stock Co Ltd (002575) | $907.61 Million | 1.41% | 0.02x | $464.60 Million |
| Shanghai Yaoji Playing Card Co Ltd (002605) | $2.73 Billion | 12.77% | 0.61x | $1.02 Billion |
| Xiamen Comfort Science&Technology Group Co Ltd (002614) | $2.08 Billion | 5.03% | 0.54x | $518.43 Million |
| Guangzhou Pearl River Piano Group Co Ltd (002678) | $3.55 Billion | 4.80% | 0.35x | $862.64 Million |
| Impulse Qingdao Health Tech Co Ltd (002899) | $951.47 Million | 8.74% | 0.28x | $424.98 Million |
| China Bicycle Co Holdings Ltd (200017) | $13.39 Million | -1.03% | 2.43x | $57.42 Million |
About 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