Spearhead Integrated Marketing (300071) - Net Assets
Based on the latest financial reports, Spearhead Integrated Marketing (300071) has net assets worth CN¥172.30 Million CNY (≈ $25.21 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 (CN¥780.92 Million ≈ $114.27 Million USD) and total liabilities (CN¥608.62 Million ≈ $89.06 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 300071 strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥172.30 Million |
| % of Total Assets | 22.06% |
| Annual Growth Rate | 3.99% |
| 5-Year Change | 131.08% |
| 10-Year Change | -91.77% |
| Growth Volatility | 169.29 |
Spearhead Integrated Marketing - Net Assets Trend (2007–2025)
This chart illustrates how Spearhead Integrated Marketing's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 300071 company net worth.
Annual Net Assets for Spearhead Integrated Marketing (2007–2025)
The table below shows the annual net assets of Spearhead Integrated Marketing from 2007 to 2025. Also explore net asset momentum of Spearhead Integrated Marketing to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥99.49 Million ≈ $14.56 Million |
-33.05% |
| 2024-12-31 | CN¥148.59 Million ≈ $21.74 Million |
-39.50% |
| 2023-12-31 | CN¥245.60 Million ≈ $35.94 Million |
+28.39% |
| 2022-12-31 | CN¥191.28 Million ≈ $27.99 Million |
+344.30% |
| 2021-12-31 | CN¥43.05 Million ≈ $6.30 Million |
+108.74% |
| 2020-12-31 | CN¥-492.39 Million ≈ $-72.05 Million |
-499.64% |
| 2019-12-31 | CN¥123.21 Million ≈ $18.03 Million |
-2.10% |
| 2018-12-31 | CN¥125.85 Million ≈ $18.42 Million |
-85.96% |
| 2017-12-31 | CN¥896.12 Million ≈ $131.13 Million |
-25.83% |
| 2016-12-31 | CN¥1.21 Billion ≈ $176.80 Million |
+9.56% |
| 2015-12-31 | CN¥1.10 Billion ≈ $161.36 Million |
+14.28% |
| 2014-12-31 | CN¥964.89 Million ≈ $141.19 Million |
+64.53% |
| 2013-12-31 | CN¥586.44 Million ≈ $85.81 Million |
+17.10% |
| 2012-12-31 | CN¥500.78 Million ≈ $73.28 Million |
+8.28% |
| 2011-12-31 | CN¥462.48 Million ≈ $67.67 Million |
+9.79% |
| 2010-12-31 | CN¥421.25 Million ≈ $61.64 Million |
+318.24% |
| 2009-12-31 | CN¥100.72 Million ≈ $14.74 Million |
+54.55% |
| 2008-12-31 | CN¥65.17 Million ≈ $9.54 Million |
+32.53% |
| 2007-12-31 | CN¥49.17 Million ≈ $7.20 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 3140.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.32 Billion | 1447.53% |
| Total Equity | CN¥91.01 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 |
|---|---|
|
Akfen Yenilenebilir Enerji A.S.
IS:AKFYE
|
$583.94 Million |
|
Golden Eagle Energy Tbk
JK:SMMT
|
$584.01 Million |
|
Zambal Spain Socimi SA
MC:YZBL
|
$584.16 Million |
|
WCE Holdings Bhd
KLSE:3565
|
$584.16 Million |
|
Beijing Dataway Horizon Co. Ltd
SHE:301169
|
$583.80 Million |
|
Haier Smart Home Co Ltd
XETRA:690D
|
$583.63 Million |
|
Phathom Pharmaceuticals Inc
NASDAQ:PHAT
|
$583.54 Million |
|
Adcock Ingram Holdings Limited
JSE:AIP
|
$583.42 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 2024 to 2025, total equity changed from 143,968,978 to 91,011,534, a change of -52,957,443 (-36.8%).
- Net loss of 121,609,331 reduced equity.
- Dividend payments of 16,084,148 reduced retained earnings.
- Other factors increased equity by 84,736,036.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-121.61 Million | -133.62% |
| Dividends Paid | CN¥16.08 Million | -17.67% |
| Other Changes | CN¥84.74 Million | +93.1% |
| Total Change | CN¥- | -36.78% |
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: 43.85x
- 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 3.17x to 43.85x 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¥4.14 | x |
| 2018-12-31 | CN¥0.17 | CN¥4.14 | x |
| 2019-12-31 | CN¥0.17 | CN¥4.14 | x |
| 2020-12-31 | CN¥-0.75 | CN¥4.14 | x |
| 2021-12-31 | CN¥0.04 | CN¥4.14 | x |
| 2022-12-31 | CN¥0.20 | CN¥4.14 | x |
| 2023-12-31 | CN¥0.27 | CN¥4.14 | x |
| 2024-12-31 | CN¥0.15 | CN¥4.14 | x |
| 2025-12-31 | CN¥0.09 | CN¥4.14 | 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): -133.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.94%
- • Asset Turnover: 1.16x
- • Equity Multiplier: 9.66x
- Recent ROE (-133.62%) is below the historical average (-2.72%), 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 |
| 2025 | -133.62% | -11.94% | 1.16x | 9.66x | CN¥-130.71 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: $2,352,104,724
- Average return on equity (ROE) among peers: 10.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Spearhead Integrated Marketing (300071) | CN¥172.30 Million | 40.78% | 3.53x | $583.93 Million |
| Genimous Technology Co Ltd (000676) | $244.10 Million | 12.01% | 0.50x | $1.24 Billion |
| Hunan TV & Broadcast Intermediary Co Ltd (000917) | $11.22 Billion | -4.14% | 1.12x | $1.41 Billion |
| Focus Media Information Technology Co Ltd (002027) | $671.21 Million | 8.75% | 0.99x | $9.85 Billion |
| NanJi ECommerce Co Ltd (002127) | $1.23 Billion | 11.19% | 0.76x | $1.08 Billion |
| Leo Group Co Ltd (002131) | $1.56 Billion | 3.60% | 0.83x | $4.46 Billion |
| Foshan Saturday Shoes Co Ltd (002291) | $111.51 Million | 42.81% | 1.91x | $756.72 Million |
| Guangdong Advertising Co Ltd (002400) | $5.52 Billion | 3.37% | 0.67x | $1.67 Billion |
| Simei Media Co Ltd (002712) | $931.07 Million | 9.49% | 0.82x | $397.43 Million |
| Beijing Yuanlong Yato Culture Dissemination Co Ltd (002878) | $1.04 Billion | 16.14% | 0.73x | $483.05 Million |
| Beijing Quanshi World Online Net (002995) | $1.00 Billion | -2.61% | 0.29x | $436.77 Million |
About Spearhead Integrated Marketing
FS Development Investment Holdings provides integrated marketing communication services in China. It provides content, private, and meta universe marketing services. The company was formerly known as Spearhead Integrated Marketing Communication Group. FS Development Investment Holdings was founded in 2003 and is headquartered in Beijing, China.