Gree Real Estate Co Ltd (600185) - Net Assets
Based on the latest financial reports, Gree Real Estate Co Ltd (600185) has net assets worth CN¥3.09 Billion CNY (≈ $452.71 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¥17.26 Billion ≈ $2.53 Billion USD) and total liabilities (CN¥14.17 Billion ≈ $2.07 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 Gree Real Estate Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.09 Billion |
| % of Total Assets | 17.92% |
| Annual Growth Rate | 12.51% |
| 5-Year Change | -59.15% |
| 10-Year Change | -13.06% |
| Growth Volatility | 337.4 |
Gree Real Estate Co Ltd - Net Assets Trend (1996–2024)
This chart illustrates how Gree Real Estate Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Gree Real Estate Co Ltd assets under control for the complete picture of this company's asset base.
Annual Net Assets for Gree Real Estate Co Ltd (1996–2024)
The table below shows the annual net assets of Gree Real Estate Co Ltd from 1996 to 2024. For live valuation and market cap data, see Gree Real Estate Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.44 Billion ≈ $504.00 Million |
-38.04% |
| 2023-12-31 | CN¥5.56 Billion ≈ $813.48 Million |
-12.23% |
| 2022-12-31 | CN¥6.33 Billion ≈ $926.81 Million |
-29.81% |
| 2021-12-31 | CN¥9.02 Billion ≈ $1.32 Billion |
+7.03% |
| 2020-12-31 | CN¥8.43 Billion ≈ $1.23 Billion |
+7.21% |
| 2019-12-31 | CN¥7.86 Billion ≈ $1.15 Billion |
-4.16% |
| 2018-12-31 | CN¥8.21 Billion ≈ $1.20 Billion |
+4.80% |
| 2017-12-31 | CN¥7.83 Billion ≈ $1.15 Billion |
+6.41% |
| 2016-12-31 | CN¥7.36 Billion ≈ $1.08 Billion |
+85.72% |
| 2015-12-31 | CN¥3.96 Billion ≈ $579.73 Million |
+19.23% |
| 2014-12-31 | CN¥3.32 Billion ≈ $486.24 Million |
+10.68% |
| 2013-12-31 | CN¥3.00 Billion ≈ $439.31 Million |
+16.29% |
| 2012-12-31 | CN¥2.58 Billion ≈ $377.76 Million |
+28.49% |
| 2011-12-31 | CN¥2.01 Billion ≈ $293.99 Million |
+12.59% |
| 2010-12-31 | CN¥1.78 Billion ≈ $261.11 Million |
+7.55% |
| 2009-12-31 | CN¥1.66 Billion ≈ $242.78 Million |
+1810.87% |
| 2008-12-31 | CN¥86.83 Million ≈ $12.71 Million |
-83.49% |
| 2007-12-31 | CN¥526.03 Million ≈ $76.97 Million |
-9.88% |
| 2006-12-31 | CN¥583.67 Million ≈ $85.41 Million |
+4.35% |
| 2005-12-31 | CN¥559.32 Million ≈ $81.85 Million |
+0.26% |
| 2004-12-31 | CN¥557.86 Million ≈ $81.63 Million |
-1.98% |
| 2003-12-31 | CN¥569.13 Million ≈ $83.28 Million |
+7.09% |
| 2002-12-31 | CN¥531.44 Million ≈ $77.77 Million |
+0.10% |
| 2001-12-31 | CN¥530.89 Million ≈ $77.69 Million |
+3.45% |
| 2000-12-31 | CN¥513.17 Million ≈ $75.09 Million |
+1.81% |
| 1999-12-31 | CN¥504.06 Million ≈ $73.76 Million |
+213.13% |
| 1998-12-31 | CN¥160.98 Million ≈ $23.56 Million |
+12.28% |
| 1997-12-31 | CN¥143.37 Million ≈ $20.98 Million |
+12.92% |
| 1996-12-31 | CN¥126.96 Million ≈ $18.58 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Gree Real Estate 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 decreased by 6030.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.89 Billion | 161.85% |
| Other Comprehensive Income | CN¥770.92 Million | 66.19% |
| Other Components | CN¥1.26 Million | 0.11% |
| Total Equity | CN¥1.16 Billion | 100.00% |
Gree Real Estate Co Ltd Competitors by Market Cap
The table below lists competitors of Gree Real Estate Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xiamen Meiya Pico Information
SHE:300188
|
$1.61 Billion |
|
Allied Gold Corporation
NYSE:AAUC
|
$1.61 Billion |
|
Celltrion Pharm Inc
KQ:068760
|
$1.61 Billion |
|
Rapport Therapeutics, Inc. Common Stock
NASDAQ:RAPP
|
$1.61 Billion |
|
Befar Group Co Ltd
SHG:601678
|
$1.61 Billion |
|
Fortress Income Fund Ltd
JSE:FFB
|
$1.61 Billion |
|
Hotel Shilla
KO:008770
|
$1.61 Billion |
|
Cosmax Inc
KO:192820
|
$1.61 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gree Real Estate Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,566,184,918 to 1,164,654,868, a change of -4,401,530,050 (-79.1%).
- Net loss of 1,514,516,428 reduced equity.
- Dividend payments of 681,346,430 reduced retained earnings.
- Other comprehensive income decreased equity by 337,780,011.
- Other factors decreased equity by 1,867,887,181.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-1.51 Billion | -130.04% |
| Dividends Paid | CN¥681.35 Million | -58.5% |
| Other Comprehensive Income | CN¥-337.78 Million | -29.0% |
| Other Changes | CN¥-1.87 Billion | -160.38% |
| Total Change | CN¥- | -79.08% |
Book Value vs Market Value Analysis
This analysis compares Gree Real Estate 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: 9.48x
- 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 37.26x to 9.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | CN¥0.16 | CN¥5.83 | x |
| 1997-12-31 | CN¥0.18 | CN¥5.83 | x |
| 1998-12-31 | CN¥0.20 | CN¥5.83 | x |
| 1999-12-31 | CN¥0.67 | CN¥5.83 | x |
| 2000-12-31 | CN¥0.68 | CN¥5.83 | x |
| 2001-12-31 | CN¥0.69 | CN¥5.83 | x |
| 2002-12-31 | CN¥0.70 | CN¥5.83 | x |
| 2003-12-31 | CN¥0.72 | CN¥5.83 | x |
| 2004-12-31 | CN¥0.73 | CN¥5.83 | x |
| 2005-12-31 | CN¥0.73 | CN¥5.83 | x |
| 2006-12-31 | CN¥0.76 | CN¥5.83 | x |
| 2007-12-31 | CN¥0.68 | CN¥5.83 | x |
| 2008-12-31 | CN¥0.09 | CN¥5.83 | x |
| 2009-12-31 | CN¥1.69 | CN¥5.83 | x |
| 2010-12-31 | CN¥1.11 | CN¥5.83 | x |
| 2011-12-31 | CN¥1.25 | CN¥5.83 | x |
| 2012-12-31 | CN¥1.58 | CN¥5.83 | x |
| 2013-12-31 | CN¥1.83 | CN¥5.83 | x |
| 2014-12-31 | CN¥2.02 | CN¥5.83 | x |
| 2015-12-31 | CN¥2.25 | CN¥5.83 | x |
| 2016-12-31 | CN¥3.77 | CN¥5.83 | x |
| 2017-12-31 | CN¥3.50 | CN¥5.83 | x |
| 2018-12-31 | CN¥3.48 | CN¥5.83 | x |
| 2019-12-31 | CN¥4.03 | CN¥5.83 | x |
| 2020-12-31 | CN¥4.57 | CN¥5.83 | x |
| 2021-12-31 | CN¥4.89 | CN¥5.83 | x |
| 2022-12-31 | CN¥3.40 | CN¥5.83 | x |
| 2023-12-31 | CN¥2.95 | CN¥5.83 | x |
| 2024-12-31 | CN¥0.62 | CN¥5.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gree Real Estate 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): -130.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -28.70%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 16.79x
- Recent ROE (-130.04%) is below the historical average (5.12%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 25.76% | 13.01% | 1.34x | 1.48x | CN¥17.95 Million |
| 1997 | 27.75% | 12.95% | 0.97x | 2.20x | CN¥23.09 Million |
| 1998 | 26.03% | 7.75% | 1.24x | 2.72x | CN¥22.95 Million |
| 1999 | 8.74% | 8.75% | 0.55x | 1.81x | CN¥-6.11 Million |
| 2000 | 4.04% | 4.91% | 0.50x | 1.64x | CN¥-29.38 Million |
| 2001 | 2.20% | 3.60% | 0.38x | 1.59x | CN¥-39.27 Million |
| 2002 | 1.67% | 2.93% | 0.30x | 1.92x | CN¥-42.63 Million |
| 2003 | 2.24% | 1.87% | 0.50x | 2.38x | CN¥-40.60 Million |
| 2004 | 2.31% | 1.56% | 0.54x | 2.76x | CN¥-40.74 Million |
| 2005 | 2.10% | 1.10% | 0.56x | 3.42x | CN¥-41.98 Million |
| 2006 | 1.48% | 1.29% | 0.47x | 2.42x | CN¥-47.22 Million |
| 2007 | -13.10% | -8.21% | 0.66x | 2.41x | CN¥-114.36 Million |
| 2008 | 81.81% | 24.00% | 0.25x | 13.47x | CN¥41.35 Million |
| 2009 | 14.17% | 45.85% | 0.10x | 3.25x | CN¥69.25 Million |
| 2010 | 8.08% | 12.45% | 0.12x | 5.40x | CN¥-34.34 Million |
| 2011 | 12.58% | 21.89% | 0.10x | 5.70x | CN¥51.74 Million |
| 2012 | 12.64% | 19.79% | 0.13x | 5.01x | CN¥67.11 Million |
| 2013 | 11.90% | 16.30% | 0.14x | 5.29x | CN¥56.28 Million |
| 2014 | 9.53% | 21.36% | 0.08x | 5.64x | CN¥-15.42 Million |
| 2015 | 35.10% | 53.86% | 0.12x | 5.28x | CN¥980.27 Million |
| 2016 | 8.23% | 19.24% | 0.12x | 3.61x | CN¥-129.60 Million |
| 2017 | 7.99% | 19.95% | 0.11x | 3.50x | CN¥-156.90 Million |
| 2018 | 6.25% | 16.65% | 0.10x | 3.62x | CN¥-306.94 Million |
| 2019 | 6.70% | 12.55% | 0.13x | 4.16x | CN¥-259.14 Million |
| 2020 | 6.63% | 8.75% | 0.17x | 4.45x | CN¥-283.55 Million |
| 2021 | 5.11% | 6.46% | 0.22x | 3.65x | CN¥-441.41 Million |
| 2022 | -32.47% | -50.84% | 0.13x | 4.78x | CN¥-2.69 Billion |
| 2023 | -7.00% | -5.57% | 0.27x | 4.73x | CN¥-946.15 Million |
| 2024 | -130.04% | -28.70% | 0.27x | 16.79x | CN¥-1.63 Billion |
Industry Comparison
This section compares Gree Real Estate Co Ltd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $20,188,936,151
- Average return on equity (ROE) among peers: 6.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gree Real Estate Co Ltd (600185) | CN¥3.09 Billion | 25.76% | 4.58x | $1.61 Billion |
| China Vanke Co Ltd Class A (000002) | $161.68 Billion | 13.00% | 4.14x | $5.71 Billion |
| Shenzhen Zhenye Group Co Ltd (000006) | $1.24 Billion | 9.78% | 1.73x | $1.87 Billion |
| Shenzhen Properties & Resources Development Group Ltd (000011) | $566.75 Million | -4.83% | 2.33x | $618.54 Million |
| Shahe Industry Co Ltd (000014) | $270.25 Million | 10.37% | 1.36x | $463.99 Million |
| Grandjoy Holdings Group Co Ltd (000031) | $912.52 Million | 11.14% | 0.63x | $1.94 Billion |
| China Union Holdings Ltd (000036) | $1.90 Billion | 1.37% | 0.39x | $1.15 Billion |
| Shenzhen Centralcon Investment Holding Co Ltd (000042) | $5.86 Billion | 4.45% | 3.98x | $949.51 Million |
| Shenzhen Wongtee International Enterprise Co Ltd (000056) | $4.83 Billion | -6.05% | 1.43x | $246.03 Million |
| Financial Street Holdings Co Ltd (000402) | $24.46 Billion | 11.82% | 2.11x | $1.53 Billion |
| Chongqing Yukaifa Co Ltd (000514) | $174.08 Million | 17.29% | 1.07x | $637.11 Million |
About Gree Real Estate Co Ltd
Zhuhai Zhumian Group Co., Ltd. engages in the real estate business in China. It also involved in the duty-free goods sales, consumer goods, biomedicine, and other business. The company was formerly known as Gree Real Estate Co.,Ltd and changed its name to Zhuhai Zhumian Group Co., Ltd. in April 2025. Zhuhai Zhumian Group Co., Ltd. was founded in 1999 and is based in Zhuhai, China.