Ronshin Group A (301231) - Net Assets
Based on the latest financial reports, Ronshin Group A (301231) has net assets worth CN¥868.44 Million CNY (≈ $127.08 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¥942.77 Million ≈ $137.96 Million USD) and total liabilities (CN¥74.33 Million ≈ $10.88 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 Ronshin Group A asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥868.44 Million |
| % of Total Assets | 92.12% |
| Annual Growth Rate | 19.5% |
| 5-Year Change | 122.74% |
| 10-Year Change | N/A |
| Growth Volatility | 45.42 |
Ronshin Group A - Net Assets Trend (2019–2024)
This chart illustrates how Ronshin Group A's net assets have evolved over time, based on quarterly financial data. Also explore 301231 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Ronshin Group A (2019–2024)
The table below shows the annual net assets of Ronshin Group A from 2019 to 2024. For live valuation and market cap data, see market cap of Ronshin Group A.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥866.68 Million ≈ $126.82 Million |
-5.03% |
| 2023-12-31 | CN¥912.58 Million ≈ $133.54 Million |
-1.38% |
| 2022-12-31 | CN¥925.38 Million ≈ $135.41 Million |
+115.87% |
| 2021-12-31 | CN¥428.68 Million ≈ $62.73 Million |
+10.17% |
| 2020-12-31 | CN¥389.10 Million ≈ $56.94 Million |
+9.44% |
| 2019-12-31 | CN¥355.55 Million ≈ $52.03 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ronshin Group A'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 42.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥143.14 Million | 16.52% |
| Other Components | CN¥723.54 Million | 83.48% |
| Total Equity | CN¥866.68 Million | 100.00% |
Ronshin Group A Competitors by Market Cap
The table below lists competitors of Ronshin Group A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wall Financial Corporation
TO:WFC
|
$370.52 Million |
|
Kirloskar Industries Limited
NSE:KIRLOSIND
|
$370.54 Million |
|
Sonmez Pamuklu Sanayii AS
IS:SNPAM
|
$370.58 Million |
|
Anhui Sentai WPC Group Share Co. Ltd.
SHE:301429
|
$370.72 Million |
|
Digital Turbine Inc
NASDAQ:APPS
|
$370.49 Million |
|
Jiangsu Hengshang Energy Conservation Technology Co. Ltd. A
SHG:603137
|
$370.48 Million |
|
Youngtek Electronics
TWO:6261
|
$370.43 Million |
|
Holley Inc
NYSE:HLLY
|
$370.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ronshin Group A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 912,582,846 to 866,681,656, a change of -45,901,190 (-5.0%).
- Net loss of 44,352,080 reduced equity.
- Dividend payments of 4,194,500 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-44.35 Million | -5.12% |
| Dividends Paid | CN¥4.19 Million | -0.48% |
| Other Changes | CN¥2.65 Million | +0.31% |
| Total Change | CN¥- | -5.03% |
Book Value vs Market Value Analysis
This analysis compares Ronshin Group A'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: 2.92x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.34x to 2.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥5.62 | CN¥30.00 | x |
| 2020-12-31 | CN¥6.15 | CN¥30.00 | x |
| 2021-12-31 | CN¥6.77 | CN¥30.00 | x |
| 2022-12-31 | CN¥10.96 | CN¥30.00 | x |
| 2023-12-31 | CN¥10.81 | CN¥30.00 | x |
| 2024-12-31 | CN¥10.27 | CN¥30.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ronshin Group A 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): -5.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16.68%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.05x
- Recent ROE (-5.12%) is below the historical average (5.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 12.96% | 11.44% | 0.80x | 1.41x | CN¥10.51 Million |
| 2020 | 12.10% | 12.32% | 0.75x | 1.31x | CN¥8.18 Million |
| 2021 | 9.48% | 10.73% | 0.71x | 1.25x | CN¥-2.23 Million |
| 2022 | 2.53% | 7.30% | 0.32x | 1.09x | CN¥-69.12 Million |
| 2023 | 1.09% | 3.64% | 0.28x | 1.05x | CN¥-81.30 Million |
| 2024 | -5.12% | -16.68% | 0.29x | 1.05x | CN¥-131.02 Million |
Industry Comparison
This section compares Ronshin Group A's net assets metrics with peer companies in the Publishing industry.
Industry Context
- Industry: Publishing
- Average net assets among peers: $1,779,402,771
- Average return on equity (ROE) among peers: 3.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ronshin Group A (301231) | CN¥868.44 Million | 12.96% | 0.09x | $370.51 Million |
| Huamei Holding (000607) | $872.59 Million | -22.82% | 2.51x | $616.53 Million |
| Central China Land Media Co Ltd (000719) | $7.76 Billion | 9.51% | 0.49x | $2.01 Billion |
| Guangdong Guangzhou Daily Media Co Ltd (002181) | $3.97 Billion | 1.37% | 0.11x | $2.80 Billion |
| Tangel Publishing (300148) | $533.63 Million | 3.56% | 0.13x | $513.03 Million |
| Citic Press Corp (300788) | $745.32 Million | 24.33% | 0.91x | $990.02 Million |
| Dook Media Group Limited (301025) | $609.67 Million | -0.54% | 0.20x | $659.00 Million |
| GUOMAI Culture & Media Co. Ltd. (301052) | $391.09 Million | 10.46% | 0.30x | $466.86 Million |
| Qingdao Citymedia Co Ltd (600229) | $873.31 Million | 3.50% | 1.17x | $611.03 Million |
| Chinese Universe Publishing And Media Co Ltd (600373) | $257.88 Million | 2.57% | 1.20x | $1.64 Billion |
About Ronshin Group A
Rongxin Education and Culture Industry Development Co., Ltd. engages in the planning and distribution of children's books. It also exports children's cultural product. The company was founded in 2006 and is based in Xi'an, China.