Shanghai Ganglian E Commerce (300226) - Net Assets

Latest as of June 2025: CN¥4.14 Billion CNY ≈ $605.88 Million USD

Based on the latest financial reports, Shanghai Ganglian E Commerce (300226) has net assets worth CN¥4.14 Billion CNY (≈ $605.88 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥22.90 Billion ≈ $3.35 Billion USD) and total liabilities (CN¥18.76 Billion ≈ $2.75 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 financial resilience of Shanghai Ganglian E Commerce to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥4.14 Billion
% of Total Assets	18.08%
Annual Growth Rate	31.05%
5-Year Change	23.9%
10-Year Change	1322.06%
Growth Volatility	94.97

Shanghai Ganglian E Commerce - Net Assets Trend (2008–2024)

This chart illustrates how Shanghai Ganglian E Commerce's net assets have evolved over time, based on quarterly financial data. Also explore Shanghai Ganglian E Commerce (300226) total assets for the complete picture of this company's asset base.

Annual Net Assets for Shanghai Ganglian E Commerce (2008–2024)

The table below shows the annual net assets of Shanghai Ganglian E Commerce from 2008 to 2024. For live valuation and market cap data, see market value of Shanghai Ganglian E Commerce.

Year	Net Assets	Change
2024-12-31	CN¥4.19 Billion ≈ $613.04 Million	-2.26%
2023-12-31	CN¥4.29 Billion ≈ $627.23 Million	+8.11%
2022-12-31	CN¥3.96 Billion ≈ $580.16 Million	+6.91%
2021-12-31	CN¥3.71 Billion ≈ $542.64 Million	+9.67%
2020-12-31	CN¥3.38 Billion ≈ $494.78 Million	+19.16%
2019-12-31	CN¥2.84 Billion ≈ $415.22 Million	+14.69%
2018-12-31	CN¥2.47 Billion ≈ $362.03 Million	+13.80%
2017-12-31	CN¥2.17 Billion ≈ $318.13 Million	+100.30%
2016-12-31	CN¥1.09 Billion ≈ $158.83 Million	+268.43%
2015-12-31	CN¥294.60 Million ≈ $43.11 Million	-65.37%
2014-12-31	CN¥850.67 Million ≈ $124.48 Million	+95.76%
2013-12-31	CN¥434.54 Million ≈ $63.59 Million	+1.79%
2012-12-31	CN¥426.90 Million ≈ $62.47 Million	+8.32%
2011-12-31	CN¥394.13 Million ≈ $57.67 Million	+300.37%
2010-12-31	CN¥98.44 Million ≈ $14.41 Million	+37.38%
2009-12-31	CN¥71.66 Million ≈ $10.49 Million	+29.50%
2008-12-31	CN¥55.33 Million ≈ $8.10 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shanghai Ganglian E Commerce'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 6086.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥993.30 Million	49.98%
Other Components	CN¥993.95 Million	50.02%
Total Equity	CN¥1.99 Billion	100.00%

Shanghai Ganglian E Commerce Competitors by Market Cap

The table below lists competitors of Shanghai Ganglian E Commerce ranked by their market capitalization.

Company	Market Cap
Megaport Ltd AU:MP1	$1.16 Billion
Colorlight Cloud Tech Ltd. A SHE:301391	$1.16 Billion
Liaoning Oxiranchem Inc SHE:300082	$1.16 Billion
United Corporations Limited TO:UNC	$1.16 Billion
Shanghai Anoky Group SHE:300067	$1.16 Billion
Stepan Company NYSE:SCL	$1.16 Billion
CSG Holding Co Ltd SHE:000012	$1.16 Billion
Coastal Financial Corp NASDAQ:CCB	$1.16 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shanghai Ganglian E Commerce's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 1,986,908,133 to 1,987,253,067, a change of 344,934 (0.0%).
Net income of 161,351,547 contributed positively to equity growth.
Dividend payments of 42,105,464 reduced retained earnings.
Other factors decreased equity by 118,901,150.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥161.35 Million	+8.12%
Dividends Paid	CN¥42.11 Million	-2.12%
Other Changes	CN¥-118.90 Million	-5.98%
Total Change	CN¥-	0.02%

Book Value vs Market Value Analysis

This analysis compares Shanghai Ganglian E Commerce'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: 3.98x
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 5.75x to 3.98x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	CN¥4.31	CN¥24.81	x
2018-12-31	CN¥5.01	CN¥24.81	x
2019-12-31	CN¥5.98	CN¥24.81	x
2020-12-31	CN¥7.12	CN¥24.81	x
2021-12-31	CN¥8.14	CN¥24.81	x
2022-12-31	CN¥6.54	CN¥24.81	x
2023-12-31	CN¥6.17	CN¥24.81	x
2024-12-31	CN¥6.24	CN¥24.81	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shanghai Ganglian E Commerce 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): 8.12%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.20%
• Asset Turnover: 3.73x
• Equity Multiplier: 10.97x
Recent ROE (8.12%) is above the historical average (-6.51%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	27.96%	17.74%	0.82x	1.93x	CN¥9.48 Million
2009	28.32%	17.77%	0.87x	1.83x	CN¥12.72 Million
2010	27.98%	16.79%	0.95x	1.76x	CN¥17.34 Million
2011	11.69%	11.04%	0.61x	1.74x	CN¥5.60 Million
2012	9.75%	3.69%	1.49x	1.78x	CN¥-910.70K
2013	5.69%	1.39%	1.89x	2.16x	CN¥-16.33 Million
2014	4.23%	0.25%	4.78x	3.57x	CN¥-25.56 Million
2015	-324.20%	-1.17%	11.42x	24.22x	CN¥-258.11 Million
2016	4.43%	0.05%	7.16x	11.55x	CN¥-27.79 Million
2017	5.85%	0.07%	7.22x	12.39x	CN¥-34.25 Million
2018	12.63%	0.13%	9.94x	10.10x	CN¥25.20 Million
2019	15.81%	0.15%	11.34x	9.46x	CN¥66.38 Million
2020	15.94%	0.37%	4.49x	9.60x	CN¥80.78 Million
2021	11.45%	0.27%	4.63x	9.13x	CN¥22.54 Million
2022	11.62%	0.27%	5.53x	7.92x	CN¥28.29 Million
2023	12.10%	0.28%	4.87x	8.92x	CN¥41.65 Million
2024	8.12%	0.20%	3.73x	10.97x	CN¥-37.37 Million

Industry Comparison

This section compares Shanghai Ganglian E Commerce's net assets metrics with peer companies in the Internet Content & Information industry.

Industry Context

Industry: Internet Content & Information
Average net assets among peers: $1,445,481,019
Average return on equity (ROE) among peers: 11.99%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shanghai Ganglian E Commerce (300226)	CN¥4.14 Billion	27.96%	4.53x	$1.16 Billion
Visual China Group Co Ltd (000681)	$2.33 Billion	9.20%	0.51x	$2.24 Billion
Everyday Network (300295)	$1.35 Billion	2.00%	0.33x	$350.16 Million
Hubei Century Network Technology Co Ltd (300494)	$796.21 Million	9.61%	0.08x	$791.70 Million
Beijing Zhidemai Technology (300785)	$327.68 Million	29.21%	0.58x	$1.44 Billion
Zhejiang Daily Media Group Co Ltd (600633)	$1.13 Billion	19.37%	0.44x	$2.43 Billion
Xinhuanet Co Ltd (603888)	$3.44 Billion	7.96%	0.51x	$1.98 Billion
Beijing Bohui Science & Technology Co Ltd (688004)	$748.14 Million	6.57%	0.12x	$272.01 Million

About Shanghai Ganglian E Commerce

SHE:300226 China Internet Content & Information

Market Cap

$1.16 Billion

CN¥7.91 Billion CNY

Market Cap Rank

#8487 Global

#2200 in China

Share Price

CN¥24.81

Change (1 day)

+1.02%

52-Week Range

CN¥19.99 - CN¥32.66

All Time High

CN¥1281.94