Shenzhen Properties & Resources Development Group Ltd (200011) - Net Assets
Based on the latest financial reports, Shenzhen Properties & Resources Development Group Ltd (200011) has net assets worth HK$3.14 Billion HKD (≈ $400.97 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (HK$15.10 Billion ≈ $1.93 Billion USD) and total liabilities (HK$11.96 Billion ≈ $1.53 Billion 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 Properties & Resources Developm strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | HK$3.14 Billion |
| % of Total Assets | 20.8% |
| Annual Growth Rate | 11.0% |
| 5-Year Change | -28.62% |
| 10-Year Change | 34.13% |
| Growth Volatility | 15.41 |
Shenzhen Properties & Resources Development Group Ltd - Net Assets Trend (2000–2025)
This chart illustrates how Shenzhen Properties & Resources Development Group Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Shenzhen Properties & Resources Developm market capitalisation.
Annual Net Assets for Shenzhen Properties & Resources Development Group Ltd (2000–2025)
The table below shows the annual net assets of Shenzhen Properties & Resources Development Group Ltd from 2000 to 2025. Also explore net asset momentum of Shenzhen Properties & Resources Developm to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | HK$3.23 Billion ≈ $412.86 Million |
+0.12% |
| 2024-12-31 | HK$3.23 Billion ≈ $412.38 Million |
-31.32% |
| 2023-12-31 | HK$4.70 Billion ≈ $600.45 Million |
+5.22% |
| 2022-12-31 | HK$4.47 Billion ≈ $570.69 Million |
-1.34% |
| 2021-12-31 | HK$4.53 Billion ≈ $578.41 Million |
+19.83% |
| 2020-12-31 | HK$3.78 Billion ≈ $482.67 Million |
+15.75% |
| 2019-12-31 | HK$3.27 Billion ≈ $416.99 Million |
-2.23% |
| 2018-12-31 | HK$3.34 Billion ≈ $426.52 Million |
+14.32% |
| 2017-12-31 | HK$2.92 Billion ≈ $373.08 Million |
+21.20% |
| 2016-12-31 | HK$2.41 Billion ≈ $307.81 Million |
+14.78% |
| 2015-12-31 | HK$2.10 Billion ≈ $268.17 Million |
+1.24% |
| 2014-12-31 | HK$2.08 Billion ≈ $264.90 Million |
+15.05% |
| 2013-12-31 | HK$1.80 Billion ≈ $230.24 Million |
+19.95% |
| 2012-12-31 | HK$1.50 Billion ≈ $191.96 Million |
+32.94% |
| 2011-12-31 | HK$1.13 Billion ≈ $144.39 Million |
+29.26% |
| 2010-12-31 | HK$875.05 Million ≈ $111.70 Million |
+32.12% |
| 2009-12-31 | HK$662.30 Million ≈ $84.55 Million |
+15.89% |
| 2008-12-31 | HK$571.48 Million ≈ $72.95 Million |
+0.83% |
| 2007-12-31 | HK$566.75 Million ≈ $72.35 Million |
-2.94% |
| 2006-12-31 | HK$583.92 Million ≈ $74.54 Million |
-10.20% |
| 2005-12-31 | HK$650.26 Million ≈ $83.01 Million |
+20.27% |
| 2004-12-31 | HK$540.67 Million ≈ $69.02 Million |
+20.73% |
| 2003-12-31 | HK$447.82 Million ≈ $57.17 Million |
+42.60% |
| 2002-12-31 | HK$314.04 Million ≈ $40.09 Million |
+10.55% |
| 2001-12-31 | HK$284.07 Million ≈ $36.26 Million |
+19.24% |
| 2000-12-31 | HK$238.23 Million ≈ $30.41 Million |
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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 242369947979.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | HK$2.42 Billion | 71.39% |
| Other Components | HK$971.23 Million | 28.61% |
| Total Equity | HK$3.39 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 |
|---|---|
|
Minho M Bhd
KLSE:5576
|
$23.73 Million |
|
ChemX Materials Ltd
AU:CMX
|
$23.74 Million |
|
Otto Energy Ltd
AU:OEL
|
$23.75 Million |
|
KBC Global Limited
NSE:KBCGLOBAL
|
$23.75 Million |
|
Altech Chemicals Ltd
F:A3Y
|
$23.71 Million |
|
Cogra 48 Société Anonyme
PA:ALCOG
|
$23.71 Million |
|
Archtis Ltd
AU:AR9
|
$23.69 Million |
|
BELLINI NAUTICA S.P.A.
F:F2F
|
$23.68 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 2024 to 2025, total equity changed from 3,361,683,048 to 3,394,933,772, a change of 33,250,724 (1.0%).
- Net income of 33,885,111 contributed positively to equity growth.
- Dividend payments of 238,500,697 reduced retained earnings.
- Other factors increased equity by 237,866,310.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | HK$33.89 Million | +1.0% |
| Dividends Paid | HK$238.50 Million | -7.03% |
| Other Changes | HK$237.87 Million | +7.01% |
| Total Change | HK$- | 0.99% |
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: 0.48x
- 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$2.75 | x |
| 2018-12-31 | HK$5.60 | HK$2.75 | x |
| 2019-12-31 | HK$5.28 | HK$2.75 | x |
| 2020-12-31 | HK$6.26 | HK$2.75 | x |
| 2021-12-31 | HK$7.53 | HK$2.75 | x |
| 2022-12-31 | HK$7.41 | HK$2.75 | x |
| 2023-12-31 | HK$7.82 | HK$2.75 | x |
| 2024-12-31 | HK$5.64 | HK$2.75 | x |
| 2025-12-31 | HK$5.70 | HK$2.75 | 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): 1.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.42%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 4.54x
- Recent ROE (1.00%) is below the historical average (14.93%), 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$-1.45 Billion |
| 2025 | 1.00% | 1.42% | 0.15x | 4.54x | HK$-305.61 Million |
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: $25,714,478,382
- Average return on equity (ROE) among peers: 11.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Properties & Resources Development Group Ltd (200011) | HK$3.14 Billion | 32.21% | 3.81x | $23.73 Million |
| China Vanke Co Ltd Class A (000002) | $235.62 Billion | 14.33% | 5.59x | $4.72 Billion |
| Shenzhen Zhenye Group Co Ltd (000006) | $7.84 Billion | 11.03% | 0.97x | $1.39 Billion |
| Shenzhen Properties & Resources Development Group Ltd (000011) | $299.95 Million | 17.91% | 7.89x | $706.68 Million |
| Shahe Industry Co Ltd (000014) | $1.22 Billion | 20.39% | 1.45x | $370.13 Million |
| Grandjoy Holdings Group Co Ltd (000031) | $77.10 Million | 44.85% | 2.84x | $1.40 Billion |
| China Union Holdings Ltd (000036) | $5.44 Billion | 17.81% | 1.00x | $801.15 Million |
| Shenzhen Centralcon Investment Holding Co Ltd (000042) | $3.07 Billion | -65.94% | 8.98x | $802.61 Million |
| Shenzhen Wongtee International Enterprise Co Ltd (000056) | $198.48 Million | 34.19% | 4.22x | $343.62 Million |
| Financial Street Holdings Co Ltd (000402) | $17.75 Million | 20.96% | 3.79x | $1.10 Billion |
| Chongqing Yukaifa Co Ltd (000514) | $3.36 Billion | 3.65% | 0.96x | $518.57 Million |
About 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 Asset operation segments. The company is involved in the development and sale of commercial and residential housing; leasing of real estate properties; development of residential, high-end apartments, office … Read more