Gemdale Corp (600383) - Net Assets
Based on the latest financial reports, Gemdale Corp (600383) has net assets worth CN¥82.15 Billion CNY (≈ $12.02 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥226.02 Billion ≈ $33.07 Billion USD) and total liabilities (CN¥143.87 Billion ≈ $21.05 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 tangible net worth ratio of Gemdale Corp to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥82.15 Billion |
| % of Total Assets | 36.35% |
| Annual Growth Rate | 22.78% |
| 5-Year Change | -24.36% |
| 10-Year Change | 56.98% |
| Growth Volatility | 57.17 |
Gemdale Corp - Net Assets Trend (1998–2025)
This chart illustrates how Gemdale Corp's net assets have evolved over time, based on quarterly financial data. See Gemdale Corp liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Gemdale Corp (1998–2025)
The table below shows the annual net assets of Gemdale Corp from 1998 to 2025. For live valuation and market cap data, see how much is Gemdale Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥83.36 Billion ≈ $12.20 Billion |
-19.43% |
| 2024-12-31 | CN¥103.47 Billion ≈ $15.14 Billion |
-11.49% |
| 2023-12-31 | CN¥116.90 Billion ≈ $17.11 Billion |
+0.55% |
| 2022-12-31 | CN¥116.26 Billion ≈ $17.01 Billion |
+5.49% |
| 2021-12-31 | CN¥110.21 Billion ≈ $16.13 Billion |
+17.19% |
| 2020-12-31 | CN¥94.04 Billion ≈ $13.76 Billion |
+14.17% |
| 2019-12-31 | CN¥82.37 Billion ≈ $12.05 Billion |
+23.91% |
| 2018-12-31 | CN¥66.48 Billion ≈ $9.73 Billion |
+14.70% |
| 2017-12-31 | CN¥57.96 Billion ≈ $8.48 Billion |
+9.14% |
| 2016-12-31 | CN¥53.10 Billion ≈ $7.77 Billion |
+11.53% |
| 2015-12-31 | CN¥47.62 Billion ≈ $6.97 Billion |
+17.51% |
| 2014-12-31 | CN¥40.52 Billion ≈ $5.93 Billion |
+6.53% |
| 2013-12-31 | CN¥38.04 Billion ≈ $5.57 Billion |
+22.71% |
| 2012-12-31 | CN¥31.00 Billion ≈ $4.54 Billion |
+18.57% |
| 2011-12-31 | CN¥26.14 Billion ≈ $3.83 Billion |
+24.45% |
| 2010-12-31 | CN¥21.01 Billion ≈ $3.07 Billion |
+24.66% |
| 2009-12-31 | CN¥16.85 Billion ≈ $2.47 Billion |
+61.87% |
| 2008-12-31 | CN¥10.41 Billion ≈ $1.52 Billion |
+13.13% |
| 2007-12-31 | CN¥9.20 Billion ≈ $1.35 Billion |
+158.29% |
| 2006-12-31 | CN¥3.56 Billion ≈ $521.32 Million |
+16.49% |
| 2005-12-31 | CN¥3.06 Billion ≈ $447.54 Million |
+12.15% |
| 2004-12-31 | CN¥2.73 Billion ≈ $399.05 Million |
+71.30% |
| 2003-12-31 | CN¥1.59 Billion ≈ $232.95 Million |
+9.99% |
| 2002-12-31 | CN¥1.45 Billion ≈ $211.80 Million |
+5.04% |
| 2001-12-31 | CN¥1.38 Billion ≈ $201.65 Million |
+271.10% |
| 2000-12-31 | CN¥371.33 Million ≈ $54.34 Million |
+4.78% |
| 1999-12-31 | CN¥354.40 Million ≈ $51.86 Million |
+8.51% |
| 1998-12-31 | CN¥326.61 Million ≈ $47.79 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Gemdale Corp'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 3781503304867.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥37.82 Billion | 82.84% |
| Other Components | CN¥7.83 Billion | 17.16% |
| Total Equity | CN¥45.65 Billion | 100.00% |
Gemdale Corp Competitors by Market Cap
The table below lists competitors of Gemdale Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guanglian Aviation Industry Co Ltd
SHE:300900
|
$1.54 Billion |
|
ST Pharm Co.Ltd
KQ:237690
|
$1.54 Billion |
|
Dalian Huarui Heavy Industry Group Co Ltd
SHE:002204
|
$1.54 Billion |
|
Metrovacesa SA
MC:MVC
|
$1.54 Billion |
|
Chengzhi Shareholding Co Ltd
SHE:000990
|
$1.54 Billion |
|
Minera Valparaiso S.A.
SN:MINERA
|
$1.54 Billion |
|
Qisda Corp
TW:2352
|
$1.54 Billion |
|
Jiangxi Fushine Pharmaceutical Co Ltd
SHE:300497
|
$1.54 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gemdale Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 59,039,922,000 to 45,647,314,149, a change of -13,392,607,851 (-22.7%).
- Net loss of 13,281,344,097 reduced equity.
- Dividend payments of 2,930,659,054 reduced retained earnings.
- Other comprehensive income decreased equity by 3,272,522,000.
- Other factors increased equity by 6,091,917,300.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-13.28 Billion | -29.1% |
| Dividends Paid | CN¥2.93 Billion | -6.42% |
| Other Comprehensive Income | CN¥-3.27 Billion | -7.17% |
| Other Changes | CN¥6.09 Billion | +13.35% |
| Total Change | CN¥- | -22.68% |
Book Value vs Market Value Analysis
This analysis compares Gemdale Corp'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: 0.23x
- 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 21.75x to 0.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | CN¥0.11 | CN¥2.33 | x |
| 1999-12-31 | CN¥0.12 | CN¥2.33 | x |
| 2000-12-31 | CN¥0.12 | CN¥2.33 | x |
| 2001-12-31 | CN¥0.42 | CN¥2.33 | x |
| 2002-12-31 | CN¥0.44 | CN¥2.33 | x |
| 2003-12-31 | CN¥0.50 | CN¥2.33 | x |
| 2004-12-31 | CN¥0.84 | CN¥2.33 | x |
| 2005-12-31 | CN¥0.90 | CN¥2.33 | x |
| 2006-12-31 | CN¥0.99 | CN¥2.33 | x |
| 2007-12-31 | CN¥2.43 | CN¥2.33 | x |
| 2008-12-31 | CN¥2.40 | CN¥2.33 | x |
| 2009-12-31 | CN¥3.63 | CN¥2.33 | x |
| 2010-12-31 | CN¥3.94 | CN¥2.33 | x |
| 2011-12-31 | CN¥4.58 | CN¥2.33 | x |
| 2012-12-31 | CN¥5.25 | CN¥2.33 | x |
| 2013-12-31 | CN¥6.53 | CN¥2.33 | x |
| 2014-12-31 | CN¥7.01 | CN¥2.33 | x |
| 2015-12-31 | CN¥7.45 | CN¥2.33 | x |
| 2016-12-31 | CN¥8.32 | CN¥2.33 | x |
| 2017-12-31 | CN¥9.06 | CN¥2.33 | x |
| 2018-12-31 | CN¥10.27 | CN¥2.33 | x |
| 2019-12-31 | CN¥11.98 | CN¥2.33 | x |
| 2020-12-31 | CN¥12.73 | CN¥2.33 | x |
| 2021-12-31 | CN¥13.95 | CN¥2.33 | x |
| 2022-12-31 | CN¥14.45 | CN¥2.33 | x |
| 2023-12-31 | CN¥14.65 | CN¥2.33 | x |
| 2024-12-31 | CN¥13.03 | CN¥2.33 | x |
| 2025-12-31 | CN¥10.11 | CN¥2.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gemdale Corp 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): -29.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -37.04%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 5.11x
- Recent ROE (-29.10%) is below the historical average (11.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 19.15% | 23.63% | 0.50x | 1.63x | CN¥29.84 Million |
| 1999 | 14.35% | 17.12% | 0.45x | 1.85x | CN¥15.40 Million |
| 2000 | 22.71% | 14.54% | 0.51x | 3.06x | CN¥47.10 Million |
| 2001 | 9.43% | 18.14% | 0.29x | 1.78x | CN¥-7.22 Million |
| 2002 | 10.27% | 14.24% | 0.32x | 2.29x | CN¥3.59 Million |
| 2003 | 10.96% | 10.96% | 0.31x | 3.19x | CN¥14.44 Million |
| 2004 | 9.67% | 7.76% | 0.54x | 2.30x | CN¥-8.38 Million |
| 2005 | 11.66% | 12.43% | 0.39x | 2.41x | CN¥45.68 Million |
| 2006 | 15.37% | 13.35% | 0.33x | 3.47x | CN¥165.77 Million |
| 2007 | 11.43% | 12.89% | 0.30x | 3.00x | CN¥120.75 Million |
| 2008 | 9.04% | 8.61% | 0.28x | 3.77x | CN¥-89.41 Million |
| 2009 | 11.83% | 14.68% | 0.22x | 3.70x | CN¥275.34 Million |
| 2010 | 15.24% | 13.75% | 0.27x | 4.12x | CN¥926.03 Million |
| 2011 | 14.61% | 12.61% | 0.26x | 4.38x | CN¥952.54 Million |
| 2012 | 15.81% | 11.31% | 0.32x | 4.36x | CN¥1.37 Billion |
| 2013 | 12.40% | 10.36% | 0.28x | 4.26x | CN¥697.40 Million |
| 2014 | 12.70% | 8.76% | 0.37x | 3.96x | CN¥849.02 Million |
| 2015 | 9.53% | 9.78% | 0.23x | 4.15x | CN¥-159.52 Million |
| 2016 | 16.83% | 11.39% | 0.36x | 4.10x | CN¥2.56 Billion |
| 2017 | 16.79% | 18.33% | 0.18x | 5.10x | CN¥2.77 Billion |
| 2018 | 17.43% | 16.10% | 0.18x | 5.99x | CN¥3.45 Billion |
| 2019 | 18.63% | 15.97% | 0.19x | 6.19x | CN¥4.67 Billion |
| 2020 | 18.09% | 12.43% | 0.21x | 6.99x | CN¥4.65 Billion |
| 2021 | 14.94% | 9.51% | 0.21x | 7.35x | CN¥3.11 Billion |
| 2022 | 9.37% | 5.09% | 0.29x | 6.43x | CN¥-408.44 Million |
| 2023 | 1.37% | 0.91% | 0.26x | 5.75x | CN¥-5.62 Billion |
| 2024 | -10.36% | -8.12% | 0.26x | 4.98x | CN¥-12.02 Billion |
| 2025 | -29.10% | -37.04% | 0.15x | 5.11x | CN¥-17.85 Billion |
Industry Comparison
This section compares Gemdale Corp's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $13,842,532,926
- Average return on equity (ROE) among peers: 10.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gemdale Corp (600383) | CN¥82.15 Billion | 19.15% | 1.75x | $1.54 Billion |
| China Vanke Co Ltd Class A (000002) | $105.44 Billion | 14.34% | 3.54x | $4.35 Billion |
| Shenzhen Zhenye Group Co Ltd (000006) | $13.20 Million | 51.68% | 6.55x | $1.62 Billion |
| Shenzhen Properties & Resources Development Group Ltd (000011) | $474.22 Million | 16.24% | 4.14x | $566.74 Million |
| Shahe Industry Co Ltd (000014) | $240.39 Million | -21.34% | 1.43x | $351.71 Million |
| Grandjoy Holdings Group Co Ltd (000031) | $6.13 Billion | 7.57% | 2.29x | $1.46 Billion |
| China Union Holdings Ltd (000036) | $2.88 Billion | 6.70% | 3.16x | $1.01 Billion |
| Shenzhen Centralcon Investment Holding Co Ltd (000042) | $1.60 Billion | 4.75% | 1.62x | $868.76 Million |
| Shenzhen Wongtee International Enterprise Co Ltd (000056) | $5.55 Billion | 0.90% | 1.24x | $229.54 Million |
| Financial Street Holdings Co Ltd (000402) | $15.94 Billion | 8.57% | 1.66x | $1.17 Billion |
| Chongqing Yukaifa Co Ltd (000514) | $143.24 Million | 12.18% | 2.79x | $485.24 Million |
About Gemdale Corp
Gemdale Corporation engages in the real estate development business in China and internationally. It is also involved in the development of commercial real estate, industrial park, commercial complex, housing rental; sales of residential properties; real estate finance; sports, management, education, and healthcare business; and property management businesses. Gemdale Corporation was founded in 1… Read more