Spearhead Integrated Marketing
FS Development Investment Holdings provides integrated marketing communication services in China. It offers content, private, and meta universe marketing services. The company was formerly known as Spearhead Integrated Marketing Communication Group. The company was founded in 2003 and is based in Beijing, China.
Spearhead Integrated Marketing (300071) - Net Assets
Latest net assets as of June 2025: CN¥100.12 Million CNY
Based on the latest financial reports, Spearhead Integrated Marketing (300071) has net assets worth CN¥100.12 Million CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.03 Billion) and total liabilities (CN¥926.44 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¥100.12 Million |
| % of Total Assets | 9.75% |
| Annual Growth Rate | 6.72% |
| 5-Year Change | N/A |
| 10-Year Change | -86.52% |
| Growth Volatility | 174.1 |
Spearhead Integrated Marketing - Net Assets Trend (2007–2024)
This chart illustrates how Spearhead Integrated Marketing's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Spearhead Integrated Marketing (2007–2024)
The table below shows the annual net assets of Spearhead Integrated Marketing from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥148.59 Million | -39.50% |
| 2023-12-31 | CN¥245.60 Million | +28.39% |
| 2022-12-31 | CN¥191.28 Million | +344.30% |
| 2021-12-31 | CN¥43.05 Million | +108.74% |
| 2020-12-31 | CN¥-492.39 Million | -499.64% |
| 2019-12-31 | CN¥123.21 Million | -2.10% |
| 2018-12-31 | CN¥125.85 Million | -85.96% |
| 2017-12-31 | CN¥896.12 Million | -25.83% |
| 2016-12-31 | CN¥1.21 Billion | +9.56% |
| 2015-12-31 | CN¥1.10 Billion | +14.28% |
| 2014-12-31 | CN¥964.89 Million | +64.53% |
| 2013-12-31 | CN¥586.44 Million | +17.10% |
| 2012-12-31 | CN¥500.78 Million | +8.28% |
| 2011-12-31 | CN¥462.48 Million | +9.79% |
| 2010-12-31 | CN¥421.25 Million | +318.24% |
| 2009-12-31 | CN¥100.72 Million | +54.55% |
| 2008-12-31 | CN¥65.17 Million | +32.53% |
| 2007-12-31 | CN¥49.17 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Spearhead Integrated Marketing'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 2839.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.25 Billion | 867.39% |
| Total Equity | CN¥143.97 Million | 100.00% |
Spearhead Integrated Marketing Competitors by Market Cap
The table below lists competitors of Spearhead Integrated Marketing ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Datun Energy Resources Co Ltd
SHG:600508
|
$498.68 Million |
|
Acrel Co LTD
SHE:300286
|
$498.70 Million |
|
Spin Master Corp
PINK:SNMSF
|
$498.75 Million |
|
Wacom Co. Ltd
PINK:WACMF
|
$498.80 Million |
|
Indegene Ltd
NSE:INDGN
|
$498.63 Million |
|
Johns LYNG Group Ltd
AU:JLG
|
$498.59 Million |
|
Jiangsu Baoli Asphalt
SHE:300135
|
$498.59 Million |
|
Enfusion Inc
NYSE:ENFN
|
$498.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spearhead Integrated Marketing's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 253,471,033 to 143,968,978, a change of -109,502,055 (-43.2%).
- Net loss of 130,520,482 reduced equity.
- Dividend payments of 4,741,518 reduced retained earnings.
- Other factors increased equity by 25,759,945.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-130.52 Million | -90.66% |
| Dividends Paid | CN¥4.74 Million | -3.29% |
| Other Changes | CN¥25.76 Million | +17.89% |
| Total Change | CN¥- | -43.20% |
Book Value vs Market Value Analysis
This analysis compares Spearhead Integrated Marketing'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: 35.15x
- 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 increased from 4.02x to 35.15x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥1.31 | CN¥5.25 | x |
| 2018-12-31 | CN¥0.17 | CN¥5.25 | x |
| 2019-12-31 | CN¥0.17 | CN¥5.25 | x |
| 2020-12-31 | CN¥-0.75 | CN¥5.25 | x |
| 2021-12-31 | CN¥0.04 | CN¥5.25 | x |
| 2022-12-31 | CN¥0.20 | CN¥5.25 | x |
| 2023-12-31 | CN¥0.27 | CN¥5.25 | x |
| 2024-12-31 | CN¥0.15 | CN¥5.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spearhead Integrated Marketing 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): -90.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.69%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 8.18x
- Recent ROE (-90.66%) is below the historical average (4.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 40.78% | 8.66% | 2.65x | 1.78x | CN¥15.14 Million |
| 2008 | 32.34% | 6.34% | 2.58x | 1.97x | CN¥14.56 Million |
| 2009 | 25.46% | 6.06% | 2.89x | 1.45x | CN¥15.55 Million |
| 2010 | 7.94% | 6.01% | 1.23x | 1.07x | CN¥-8.69 Million |
| 2011 | 8.27% | 3.71% | 1.80x | 1.24x | CN¥-7.84 Million |
| 2012 | 7.82% | 3.08% | 1.88x | 1.35x | CN¥-10.65 Million |
| 2013 | 10.91% | 3.62% | 1.75x | 1.72x | CN¥5.27 Million |
| 2014 | 7.33% | 4.53% | 0.91x | 1.78x | CN¥-25.63 Million |
| 2015 | 11.66% | 3.93% | 1.26x | 2.36x | CN¥18.16 Million |
| 2016 | 10.94% | 3.80% | 1.03x | 2.79x | CN¥11.30 Million |
| 2017 | -31.28% | -7.91% | 0.95x | 4.16x | CN¥-365.72 Million |
| 2018 | -653.52% | -22.52% | 1.22x | 23.76x | CN¥-780.81 Million |
| 2019 | 10.22% | 0.52% | 1.20x | 16.45x | CN¥248.19K |
| 2020 | 0.00% | -59.71% | 0.79x | 0.00x | CN¥-529.23 Million |
| 2021 | 676.53% | 22.17% | 0.97x | 31.40x | CN¥226.13 Million |
| 2022 | 15.75% | 2.40% | 1.03x | 6.34x | CN¥10.65 Million |
| 2023 | -8.46% | -1.55% | 1.08x | 5.02x | CN¥-46.80 Million |
| 2024 | -90.66% | -10.69% | 1.04x | 8.18x | CN¥-144.92 Million |
Industry Comparison
This section compares Spearhead Integrated Marketing's net assets metrics with peer companies in the Advertising Agencies industry.
Industry Context
- Industry: Advertising Agencies
- Average net assets among peers: $1,004,333,883
- Average return on equity (ROE) among peers: 61.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Spearhead Integrated Marketing (300071) | CN¥100.12 Million | 40.78% | 9.25x | $498.66 Million |
| Genimous Technology Co Ltd (000676) | $14.87 Million | 0.00% | 0.30x | $1.04 Billion |
| Hunan TV & Broadcast Intermediary Co Ltd (000917) | $755.42 Million | 8.03% | 0.57x | $1.52 Billion |
| Focus Media Information Technology Co Ltd (002027) | $495.40 Million | 487.45% | 0.19x | $9.18 Billion |
| NanJi ECommerce Co Ltd (002127) | $153.93 Million | 4.67% | 3.70x | $589.83 Million |
| Leo Group Co Ltd (002131) | $562.88 Million | 17.30% | 0.33x | $5.52 Billion |
| Foshan Saturday Shoes Co Ltd (002291) | $1.46 Billion | 6.86% | 0.23x | $687.03 Million |
| Guangdong Advertising Co Ltd (002400) | $5.47 Billion | 11.17% | 0.91x | $1.68 Billion |
| Simei Media Co Ltd (002712) | $831.91 Million | 8.51% | 0.43x | $249.94 Million |
| Beijing Yuanlong Yato Culture Dissemination Co Ltd (002878) | $240.85 Million | 20.86% | 1.01x | $311.73 Million |
| Beijing Quanshi World Online Net (002995) | $53.09 Million | 46.94% | 1.74x | $338.80 Million |