Guangzhou Shangpin Home Collection Co Ltd (300616) - Net Assets
Based on the latest financial reports, Guangzhou Shangpin Home Collection Co Ltd (300616) has net assets worth CN¥3.15 Billion CNY (≈ $460.26 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥7.21 Billion ≈ $1.05 Billion USD) and total liabilities (CN¥4.06 Billion ≈ $594.21 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 300616 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.15 Billion |
| % of Total Assets | 43.65% |
| Annual Growth Rate | 25.46% |
| 5-Year Change | -2.65% |
| 10-Year Change | 458.62% |
| Growth Volatility | 57.31 |
Guangzhou Shangpin Home Collection Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Guangzhou Shangpin Home Collection Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Guangzhou Shangpin Home Collection Co Lt for the complete picture of this company's asset base.
Annual Net Assets for Guangzhou Shangpin Home Collection Co Ltd (2012–2024)
The table below shows the annual net assets of Guangzhou Shangpin Home Collection Co Ltd from 2012 to 2024. For live valuation and market cap data, see Guangzhou Shangpin Home Collection Co Lt (300616) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.41 Billion ≈ $499.32 Million |
-5.60% |
| 2023-12-31 | CN¥3.61 Billion ≈ $528.92 Million |
+0.94% |
| 2022-12-31 | CN¥3.58 Billion ≈ $523.98 Million |
+0.09% |
| 2021-12-31 | CN¥3.58 Billion ≈ $523.51 Million |
+2.07% |
| 2020-12-31 | CN¥3.51 Billion ≈ $512.90 Million |
-0.36% |
| 2019-12-31 | CN¥3.52 Billion ≈ $514.76 Million |
+15.44% |
| 2018-12-31 | CN¥3.05 Billion ≈ $445.92 Million |
+16.33% |
| 2017-12-31 | CN¥2.62 Billion ≈ $383.31 Million |
+213.96% |
| 2016-12-31 | CN¥834.34 Million ≈ $122.09 Million |
+36.59% |
| 2015-12-31 | CN¥610.83 Million ≈ $89.38 Million |
+29.61% |
| 2014-12-31 | CN¥471.30 Million ≈ $68.97 Million |
+38.14% |
| 2013-12-31 | CN¥341.17 Million ≈ $49.92 Million |
+52.07% |
| 2012-12-31 | CN¥224.35 Million ≈ $32.83 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Guangzhou Shangpin Home Collection Co 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 1299.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.45 Billion | 42.60% |
| Common Stock | CN¥224.52 Million | 6.58% |
| Other Components | CN¥1.73 Billion | 50.82% |
| Total Equity | CN¥3.41 Billion | 100.00% |
Guangzhou Shangpin Home Collection Co Ltd Competitors by Market Cap
The table below lists competitors of Guangzhou Shangpin Home Collection Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Misun Technology Co Ltd
SHE:301577
|
$447.28 Million |
|
Akastor ASA
OL:AKAST
|
$447.42 Million |
|
Soltec Power Holdings S.A
MC:SOL
|
$447.43 Million |
|
Ege Endustri ve Ticaret AS
IS:EGEEN
|
$447.48 Million |
|
WONIK Materials Co.Ltd
KQ:104830
|
$446.86 Million |
|
Sunplus Technology Co Ltd
TW:2401
|
$446.79 Million |
|
The Anup Engineering Limited
NSE:ANUP
|
$446.74 Million |
|
Mistras Group Inc
NYSE:MG
|
$446.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangzhou Shangpin Home Collection Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,615,279,897 to 3,412,568,992, a change of -202,710,905 (-5.6%).
- Net loss of 215,366,865 reduced equity.
- Dividend payments of 247,295,276 reduced retained earnings.
- Share repurchases of 182,385,430 reduced equity.
- Other comprehensive income decreased equity by 88,043,477.
- Other factors increased equity by 530,380,143.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-215.37 Million | -6.31% |
| Dividends Paid | CN¥247.30 Million | -7.25% |
| Share Repurchases | CN¥182.39 Million | -5.34% |
| Other Comprehensive Income | CN¥-88.04 Million | -2.58% |
| Other Changes | CN¥530.38 Million | +15.54% |
| Total Change | CN¥- | -5.61% |
Book Value vs Market Value Analysis
This analysis compares Guangzhou Shangpin Home Collection Co 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: 0.75x
- 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.
- The price-to-book ratio has decreased from 8.83x to 0.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥1.54 | CN¥13.61 | x |
| 2013-12-31 | CN¥2.34 | CN¥13.61 | x |
| 2014-12-31 | CN¥3.24 | CN¥13.61 | x |
| 2015-12-31 | CN¥4.18 | CN¥13.61 | x |
| 2016-12-31 | CN¥5.71 | CN¥13.61 | x |
| 2017-12-31 | CN¥14.27 | CN¥13.61 | x |
| 2018-12-31 | CN¥15.52 | CN¥13.61 | x |
| 2019-12-31 | CN¥17.84 | CN¥13.61 | x |
| 2020-12-31 | CN¥17.71 | CN¥13.61 | x |
| 2021-12-31 | CN¥18.08 | CN¥13.61 | x |
| 2022-12-31 | CN¥18.10 | CN¥13.61 | x |
| 2023-12-31 | CN¥18.40 | CN¥13.61 | x |
| 2024-12-31 | CN¥18.06 | CN¥13.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangzhou Shangpin Home Collection Co 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): -6.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.68%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 2.42x
- Recent ROE (-6.31%) is below the historical average (15.12%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 33.89% | 10.25% | 1.86x | 1.78x | CN¥53.60 Million |
| 2013 | 34.24% | 9.94% | 1.70x | 2.02x | CN¥82.70 Million |
| 2014 | 27.61% | 6.81% | 1.67x | 2.42x | CN¥83.00 Million |
| 2015 | 22.84% | 4.52% | 1.94x | 2.61x | CN¥78.45 Million |
| 2016 | 30.62% | 6.35% | 1.87x | 2.58x | CN¥172.08 Million |
| 2017 | 14.51% | 7.14% | 1.17x | 1.74x | CN¥118.10 Million |
| 2018 | 15.66% | 7.18% | 1.25x | 1.75x | CN¥172.39 Million |
| 2019 | 15.02% | 7.28% | 1.19x | 1.74x | CN¥176.70 Million |
| 2020 | 2.89% | 1.56% | 1.04x | 1.78x | CN¥-249.10 Million |
| 2021 | 2.51% | 1.23% | 0.91x | 2.23x | CN¥-268.08 Million |
| 2022 | 1.29% | 0.87% | 0.65x | 2.28x | CN¥-311.84 Million |
| 2023 | 1.79% | 1.32% | 0.56x | 2.43x | CN¥-296.68 Million |
| 2024 | -6.31% | -5.68% | 0.46x | 2.42x | CN¥-556.62 Million |
Industry Comparison
This section compares Guangzhou Shangpin Home Collection Co Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $21,905,636,868
- Average return on equity (ROE) among peers: 14.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangzhou Shangpin Home Collection Co Ltd (300616) | CN¥3.15 Billion | 33.89% | 1.29x | $447.14 Million |
| Midea Group Co Ltd (000333) | $107.50 Billion | 22.52% | 1.81x | $82.47 Billion |
| Changhong Meiling Co Ltd (000521) | $879.37 Million | 0.76% | 1.77x | $730.28 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $107.93 Billion | 21.37% | 1.96x | $32.83 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $-842.15 Million | 0.00% | 0.00x | $3.25 Billion |
| Suncha Technology Co Ltd (001211) | $929.64 Million | 7.56% | 0.38x | $439.66 Million |
| Elec-Tech International Co Ltd (002005) | $114.44 Million | 40.36% | 2.94x | $741.10 Million |
| Zhejiang Supor Co Ltd (002032) | $905.66 Million | 11.04% | 0.85x | $5.52 Billion |
| Vatti Corp Ltd (002035) | $112.32 Million | 31.19% | 1.62x | $730.59 Million |
| CNlight Co Ltd (002076) | $388.80 Million | 2.76% | 0.26x | $355.44 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $1.15 Billion | 4.02% | 0.60x | $364.92 Million |
About Guangzhou Shangpin Home Collection Co Ltd
Guangzhou Shangpin Home Collection Co., Ltd., together with its subsidiaries, produces and sells customized whole-house panel furniture in China and internationally. The company offers wardrobes, cabinets, bookcases, TV cabinets, beds, and other whole-house panel-style customized furniture products; and supporting home products, prefabricated background walls, soft furnishings, electrical applian… Read more