Shenzhen Properties & Resources Development Group Ltd
ShenZhen Properties & Resources Development (Group) Ltd. develops real estate properties in the People's Republic of China. It operates through Real Estate Business; Property Management; and Leasing Business segments. The company is involved in the development and sale of commercial and residential housing; leasing of real estate properties; management and construction of buildings; rental of hou… Read more
Shenzhen Properties & Resources Development Group Ltd (200011) - Net Assets
Latest net assets as of June 2025: HK$3.24 Billion HKD
Based on the latest financial reports, Shenzhen Properties & Resources Development Group Ltd (200011) has net assets worth HK$3.24 Billion HKD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (HK$16.64 Billion) and total liabilities (HK$13.40 Billion). 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 | HK$3.24 Billion |
| % of Total Assets | 19.47% |
| Annual Growth Rate | 11.48% |
| 5-Year Change | -14.56% |
| 10-Year Change | 53.77% |
| Growth Volatility | 15.53 |
Shenzhen Properties & Resources Development Group Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Shenzhen Properties & Resources Development Group 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 Shenzhen Properties & Resources Development Group Ltd (2000–2024)
The table below shows the annual net assets of Shenzhen Properties & Resources Development Group Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | HK$3.23 Billion | -31.32% |
| 2023-12-31 | HK$4.70 Billion | +5.22% |
| 2022-12-31 | HK$4.47 Billion | -1.34% |
| 2021-12-31 | HK$4.53 Billion | +19.83% |
| 2020-12-31 | HK$3.78 Billion | +15.75% |
| 2019-12-31 | HK$3.27 Billion | -2.23% |
| 2018-12-31 | HK$3.34 Billion | +14.32% |
| 2017-12-31 | HK$2.92 Billion | +21.20% |
| 2016-12-31 | HK$2.41 Billion | +14.78% |
| 2015-12-31 | HK$2.10 Billion | +1.24% |
| 2014-12-31 | HK$2.08 Billion | +15.05% |
| 2013-12-31 | HK$1.80 Billion | +19.95% |
| 2012-12-31 | HK$1.50 Billion | +32.94% |
| 2011-12-31 | HK$1.13 Billion | +29.26% |
| 2010-12-31 | HK$875.05 Million | +32.12% |
| 2009-12-31 | HK$662.30 Million | +15.89% |
| 2008-12-31 | HK$571.48 Million | +0.83% |
| 2007-12-31 | HK$566.75 Million | -2.94% |
| 2006-12-31 | HK$583.92 Million | -10.20% |
| 2005-12-31 | HK$650.26 Million | +20.27% |
| 2004-12-31 | HK$540.67 Million | +20.73% |
| 2003-12-31 | HK$447.82 Million | +42.60% |
| 2002-12-31 | HK$314.04 Million | +10.55% |
| 2001-12-31 | HK$284.07 Million | +19.24% |
| 2000-12-31 | HK$238.23 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Properties & Resources Development Group 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 256199077858.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | HK$2.56 Billion | 76.21% |
| Other Components | HK$799.69 Million | 23.79% |
| Total Equity | HK$3.36 Billion | 100.00% |
Shenzhen Properties & Resources Development Group Ltd Competitors by Market Cap
The table below lists competitors of Shenzhen Properties & Resources Development Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Oramed Pharmaceuticals Inc
NASDAQ:ORMP
|
$102.04 Million |
|
Amaero International Ltd
OTCQB:AMROF
|
$102.14 Million |
|
Qingyan Environmental Technology Co. Ltd.
SHE:301288
|
$102.16 Million |
|
Caisse Regionale de Credit Agricole Mutuel Loire HauteLoire
PA:CRLO
|
$102.18 Million |
|
KMC (Kuei Meng) International Inc
TW:5306
|
$102.02 Million |
|
PT Estee Gold Feet Tbk
JK:EURO
|
$101.98 Million |
|
SPEEDY HIRE LS-05
F:5HN
|
$101.98 Million |
|
Andina Copper Corporation
V:ANDC
|
$101.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Properties & Resources Development Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,661,810,329 to 3,361,683,048, a change of -1,300,127,280 (-27.9%).
- Net loss of 1,114,764,922 reduced equity.
- Dividend payments of 387,055,924 reduced retained earnings.
- Other factors increased equity by 201,693,566.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | HK$-1.11 Billion | -33.16% |
| Dividends Paid | HK$387.06 Million | -11.51% |
| Other Changes | HK$201.69 Million | +6.0% |
| Total Change | HK$- | -27.89% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Properties & Resources Development Group 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: 0.56x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | HK$4.90 | HK$3.16 | x |
| 2018-12-31 | HK$5.60 | HK$3.16 | x |
| 2019-12-31 | HK$5.28 | HK$3.16 | x |
| 2020-12-31 | HK$6.26 | HK$3.16 | x |
| 2021-12-31 | HK$7.53 | HK$3.16 | x |
| 2022-12-31 | HK$7.41 | HK$3.16 | x |
| 2023-12-31 | HK$7.82 | HK$3.16 | x |
| 2024-12-31 | HK$5.64 | HK$3.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Properties & Resources Development Group 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): -33.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -40.77%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 4.55x
- Recent ROE (-33.16%) is below the historical average (15.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 32.21% | 10.41% | 0.32x | 9.76x | HK$52.70 Million |
| 2001 | 26.60% | 6.82% | 0.42x | 9.38x | HK$43.35 Million |
| 2002 | 11.46% | 4.53% | 0.32x | 8.02x | HK$4.59 Million |
| 2003 | 16.63% | 7.29% | 0.43x | 5.27x | HK$29.68 Million |
| 2004 | 16.72% | 6.84% | 0.59x | 4.12x | HK$36.33 Million |
| 2005 | 12.75% | 8.94% | 0.52x | 2.76x | HK$17.88 Million |
| 2008 | 1.72% | 1.49% | 0.31x | 3.70x | HK$-47.23 Million |
| 2009 | 14.65% | 11.40% | 0.30x | 4.29x | HK$30.79 Million |
| 2010 | 20.02% | 17.47% | 0.34x | 3.33x | HK$87.58 Million |
| 2011 | 22.78% | 18.23% | 0.40x | 3.10x | HK$144.44 Million |
| 2012 | 24.98% | 20.06% | 0.47x | 2.67x | HK$225.14 Million |
| 2013 | 16.69% | 18.44% | 0.42x | 2.15x | HK$120.56 Million |
| 2014 | 20.13% | 27.88% | 0.39x | 1.87x | HK$210.07 Million |
| 2015 | 7.47% | 14.56% | 0.25x | 2.09x | HK$-53.17 Million |
| 2016 | 14.72% | 17.23% | 0.31x | 2.76x | HK$113.81 Million |
| 2017 | 21.32% | 21.45% | 0.54x | 1.85x | HK$330.79 Million |
| 2018 | 17.76% | 21.27% | 0.48x | 1.74x | HK$258.93 Million |
| 2019 | 25.98% | 20.64% | 0.37x | 3.42x | HK$503.01 Million |
| 2020 | 21.42% | 19.46% | 0.34x | 3.27x | HK$425.78 Million |
| 2021 | 22.38% | 22.35% | 0.31x | 3.25x | HK$555.36 Million |
| 2022 | 12.17% | 14.49% | 0.23x | 3.58x | HK$95.87 Million |
| 2023 | 9.95% | 15.65% | 0.17x | 3.64x | HK$-2.17 Million |
| 2024 | -33.16% | -40.77% | 0.18x | 4.55x | HK$-1.45 Billion |
Industry Comparison
This section compares Shenzhen Properties & Resources Development Group Ltd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $13,024,946,017
- Average return on equity (ROE) among peers: 4.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Properties & Resources Development Group Ltd (200011) | HK$3.24 Billion | 32.21% | 4.14x | $102.04 Million |
| China Vanke Co Ltd Class A (000002) | $54.59 Billion | 13.34% | 2.95x | $5.23 Billion |
| Shenzhen Zhenye Group Co Ltd (000006) | $429.54 Million | 10.56% | 0.61x | $1.05 Billion |
| Shahe Industry Co Ltd (000014) | $1.68 Billion | 0.98% | 0.31x | $312.36 Million |
| Grandjoy Holdings Group Co Ltd (000031) | $47.50 Billion | -6.07% | 3.51x | $571.80 Million |
| China Union Holdings Ltd (000036) | $1.10 Billion | 8.64% | 1.40x | $361.94 Million |
| Shenzhen Centralcon Investment Holding Co Ltd (000042) | $2.53 Billion | 12.62% | 1.83x | $287.12 Million |
| Financial Street Holdings Co Ltd (000402) | $21.05 Billion | 10.78% | 2.33x | $774.22 Million |
| Chongqing Yukaifa Co Ltd (000514) | $120.33 Million | 7.23% | 0.42x | $208.71 Million |
| Rongan Property Co Ltd (000517) | $185.43 Million | -6.66% | 0.67x | $209.16 Million |
| Lander Sports Development Co Ltd (000558) | $1.08 Billion | -1.57% | 0.70x | $544.98 Million |