Dalian Sunasia Tourism Holding Co Ltd (600593) - Net Assets
Based on the latest financial reports, Dalian Sunasia Tourism Holding Co Ltd (600593) has net assets worth CN¥371.92 Million CNY (≈ $54.42 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¥2.00 Billion ≈ $292.58 Million USD) and total liabilities (CN¥1.63 Billion ≈ $238.16 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 600593 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥371.92 Million |
| % of Total Assets | 18.6% |
| Annual Growth Rate | 5.65% |
| 5-Year Change | -50.68% |
| 10-Year Change | -27.58% |
| Growth Volatility | 73.38 |
Dalian Sunasia Tourism Holding Co Ltd - Net Assets Trend (1999–2024)
This chart illustrates how Dalian Sunasia Tourism Holding Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Dalian Sunasia Tourism Holding Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Dalian Sunasia Tourism Holding Co Ltd (1999–2024)
The table below shows the annual net assets of Dalian Sunasia Tourism Holding Co Ltd from 1999 to 2024. For live valuation and market cap data, see market cap of Dalian Sunasia Tourism Holding Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥296.73 Million ≈ $43.42 Million |
-17.48% |
| 2023-12-31 | CN¥359.59 Million ≈ $52.62 Million |
+17.49% |
| 2022-12-31 | CN¥306.07 Million ≈ $44.79 Million |
-22.67% |
| 2021-12-31 | CN¥395.79 Million ≈ $57.92 Million |
-34.22% |
| 2020-12-31 | CN¥601.67 Million ≈ $88.04 Million |
-29.42% |
| 2019-12-31 | CN¥852.48 Million ≈ $124.74 Million |
+8.94% |
| 2018-12-31 | CN¥782.54 Million ≈ $114.51 Million |
+22.01% |
| 2017-12-31 | CN¥641.35 Million ≈ $93.85 Million |
+6.20% |
| 2016-12-31 | CN¥603.91 Million ≈ $88.37 Million |
+47.40% |
| 2015-12-31 | CN¥409.72 Million ≈ $59.95 Million |
+5.81% |
| 2014-12-31 | CN¥387.21 Million ≈ $56.66 Million |
+11.19% |
| 2013-12-31 | CN¥348.22 Million ≈ $50.96 Million |
+13.97% |
| 2012-12-31 | CN¥305.54 Million ≈ $44.71 Million |
+7.47% |
| 2011-12-31 | CN¥284.31 Million ≈ $41.60 Million |
-2.04% |
| 2010-12-31 | CN¥290.24 Million ≈ $42.47 Million |
-1.24% |
| 2009-12-31 | CN¥293.88 Million ≈ $43.00 Million |
+0.70% |
| 2008-12-31 | CN¥291.84 Million ≈ $42.71 Million |
+5.65% |
| 2007-12-31 | CN¥276.25 Million ≈ $40.42 Million |
-1.79% |
| 2006-12-31 | CN¥281.27 Million ≈ $41.16 Million |
-14.18% |
| 2005-12-31 | CN¥327.75 Million ≈ $47.96 Million |
+0.51% |
| 2004-12-31 | CN¥326.10 Million ≈ $47.72 Million |
+8.22% |
| 2003-12-31 | CN¥301.32 Million ≈ $44.09 Million |
-7.55% |
| 2002-12-31 | CN¥325.92 Million ≈ $47.69 Million |
+365.47% |
| 2001-12-31 | CN¥70.02 Million ≈ $10.25 Million |
+5.21% |
| 2000-12-31 | CN¥66.55 Million ≈ $9.74 Million |
-11.34% |
| 1999-12-31 | CN¥75.06 Million ≈ $10.98 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Dalian Sunasia Tourism Holding 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 1593.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥128.80 Million | 86.70% |
| Other Comprehensive Income | CN¥37.49 Million | 25.24% |
| Other Components | CN¥159.97 Million | 107.69% |
| Total Equity | CN¥148.55 Million | 100.00% |
Dalian Sunasia Tourism Holding Co Ltd Competitors by Market Cap
The table below lists competitors of Dalian Sunasia Tourism Holding Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SungEel HiTech Co. Ltd.
KQ:365340
|
$639.49 Million |
|
Daou Data Corp
KQ:032190
|
$639.80 Million |
|
Sheela Foam Limited
NSE:SFL
|
$639.86 Million |
|
Heilongjiang Transport Development Co Ltd
SHG:601188
|
$639.95 Million |
|
Shenzhen Haoningda Meters Co Ltd
SHE:002356
|
$638.95 Million |
|
Hangzhou Zhengqiang Corporation Limited
SHE:301119
|
$638.72 Million |
|
Shenzhen Jinxinnong Feed Co Ltd
SHE:002548
|
$638.66 Million |
|
JinJian Cereals Industry Co Ltd
SHG:600127
|
$638.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dalian Sunasia Tourism Holding Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 222,461,546 to 148,552,643, a change of -73,908,903 (-33.2%).
- Net loss of 70,182,225 reduced equity.
- Dividend payments of 48,069,799 reduced retained earnings.
- Other comprehensive income increased equity by 37,494,305.
- Other factors increased equity by 6,848,816.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-70.18 Million | -47.24% |
| Dividends Paid | CN¥48.07 Million | -32.36% |
| Other Comprehensive Income | CN¥37.49 Million | +25.24% |
| Other Changes | CN¥6.85 Million | +4.61% |
| Total Change | CN¥- | -33.22% |
Book Value vs Market Value Analysis
This analysis compares Dalian Sunasia Tourism Holding 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: 29.03x
- 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 57.99x to 29.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | CN¥0.58 | CN¥33.48 | x |
| 2000-12-31 | CN¥0.51 | CN¥33.48 | x |
| 2001-12-31 | CN¥0.54 | CN¥33.48 | x |
| 2002-12-31 | CN¥2.50 | CN¥33.48 | x |
| 2003-12-31 | CN¥2.28 | CN¥33.48 | x |
| 2004-12-31 | CN¥2.32 | CN¥33.48 | x |
| 2005-12-31 | CN¥2.34 | CN¥33.48 | x |
| 2006-12-31 | CN¥2.00 | CN¥33.48 | x |
| 2007-12-31 | CN¥1.94 | CN¥33.48 | x |
| 2008-12-31 | CN¥2.06 | CN¥33.48 | x |
| 2009-12-31 | CN¥2.09 | CN¥33.48 | x |
| 2010-12-31 | CN¥2.13 | CN¥33.48 | x |
| 2011-12-31 | CN¥2.17 | CN¥33.48 | x |
| 2012-12-31 | CN¥2.24 | CN¥33.48 | x |
| 2013-12-31 | CN¥2.47 | CN¥33.48 | x |
| 2014-12-31 | CN¥2.77 | CN¥33.48 | x |
| 2015-12-31 | CN¥3.00 | CN¥33.48 | x |
| 2016-12-31 | CN¥3.12 | CN¥33.48 | x |
| 2017-12-31 | CN¥3.40 | CN¥33.48 | x |
| 2018-12-31 | CN¥3.86 | CN¥33.48 | x |
| 2019-12-31 | CN¥4.23 | CN¥33.48 | x |
| 2020-12-31 | CN¥3.65 | CN¥33.48 | x |
| 2021-12-31 | CN¥2.08 | CN¥33.48 | x |
| 2022-12-31 | CN¥1.45 | CN¥33.48 | x |
| 2023-12-31 | CN¥1.73 | CN¥33.48 | x |
| 2024-12-31 | CN¥1.15 | CN¥33.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dalian Sunasia Tourism Holding 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): -47.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.89%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 14.02x
- Recent ROE (-47.24%) is below the historical average (0.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 28.06% | 34.89% | 0.69x | 1.16x | CN¥13.55 Million |
| 2000 | 33.97% | 34.61% | 0.54x | 1.83x | CN¥15.95 Million |
| 2001 | 33.04% | 34.01% | 0.56x | 1.75x | CN¥16.13 Million |
| 2002 | 6.78% | 31.97% | 0.18x | 1.18x | CN¥-10.50 Million |
| 2003 | -9.65% | -78.83% | 0.09x | 1.30x | CN¥-58.36 Million |
| 2004 | 1.35% | 5.80% | 0.14x | 1.69x | CN¥-26.08 Million |
| 2005 | 1.01% | 3.93% | 0.12x | 2.06x | CN¥-27.36 Million |
| 2006 | -15.14% | -41.37% | 0.15x | 2.52x | CN¥-65.37 Million |
| 2007 | 1.10% | 2.65% | 0.18x | 2.31x | CN¥-23.32 Million |
| 2008 | 1.37% | 3.30% | 0.18x | 2.26x | CN¥-22.93 Million |
| 2009 | 1.34% | 3.11% | 0.18x | 2.42x | CN¥-23.31 Million |
| 2010 | 1.90% | 4.14% | 0.21x | 2.17x | CN¥-22.25 Million |
| 2011 | 1.66% | 2.95% | 0.26x | 2.15x | CN¥-23.29 Million |
| 2012 | 4.36% | 6.02% | 0.30x | 2.45x | CN¥-16.29 Million |
| 2013 | 10.21% | 12.89% | 0.34x | 2.31x | CN¥666.91K |
| 2014 | 10.78% | 13.27% | 0.43x | 1.89x | CN¥2.80 Million |
| 2015 | 11.13% | 14.08% | 0.48x | 1.66x | CN¥4.36 Million |
| 2016 | 8.36% | 11.15% | 0.29x | 2.54x | CN¥-6.60 Million |
| 2017 | 12.65% | 16.09% | 0.30x | 2.65x | CN¥11.61 Million |
| 2018 | 11.60% | 16.58% | 0.19x | 3.61x | CN¥7.94 Million |
| 2019 | 7.78% | 13.25% | 0.15x | 4.01x | CN¥-12.10 Million |
| 2020 | -14.87% | -61.27% | 0.05x | 4.46x | CN¥-117.03 Million |
| 2021 | -73.65% | -96.66% | 0.10x | 7.79x | CN¥-224.61 Million |
| 2022 | -41.01% | -48.75% | 0.08x | 10.89x | CN¥-95.33 Million |
| 2023 | 15.45% | 7.34% | 0.22x | 9.54x | CN¥12.13 Million |
| 2024 | -47.24% | -13.89% | 0.24x | 14.02x | CN¥-85.04 Million |
Industry Comparison
This section compares Dalian Sunasia Tourism Holding Co Ltd's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $532,170,674
- Average return on equity (ROE) among peers: 2.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dalian Sunasia Tourism Holding Co Ltd (600593) | CN¥371.92 Million | 28.06% | 4.38x | $639.07 Million |
| China Bicycle Co Holdings Ltd (000017) | $-1.99 Billion | 0.00% | 0.00x | $413.48 Million |
| HL Corp Shenzhen (002105) | $572.17 Million | 7.55% | 1.08x | $360.68 Million |
| Goldlok Toys Holdings Guangdong Co Ltd (002348) | $801.80 Million | -31.41% | 0.45x | $1.64 Billion |
| Guangdong Qunxing Toys Joint-Stock Co Ltd (002575) | $884.00 Million | 4.93% | 0.13x | $632.40 Million |
| Shanghai Yaoji Playing Card Co Ltd (002605) | $1.55 Billion | 6.31% | 0.29x | $1.27 Billion |
| Xiamen Comfort Science&Technology Group Co Ltd (002614) | $2.56 Billion | 9.82% | 0.72x | $522.99 Million |
| Guangzhou Pearl River Piano Group Co Ltd (002678) | $1.66 Billion | 10.98% | 0.20x | $1.21 Billion |
| Shifeng Cultural Development Co Ltd (002862) | $179.37 Million | 19.70% | 0.56x | $461.68 Million |
| Impulse Qingdao Health Tech Co Ltd (002899) | $1.10 Billion | 1.59% | 0.62x | $722.35 Million |
| China Bicycle Co Holdings Ltd (200017) | $-1.99 Billion | 0.00% | 0.00x | $66.51 Million |
About Dalian Sunasia Tourism Holding Co Ltd
Dalian Sunasia Tourism Holding CO.,LTD, together with its subsidiaries, engages in tourism business in China. It engages in the construction and operation of aquariums, marine exploration artificial landscapes, amusement parks, marine biological specimen exhibition halls, and ship model exhibition halls. It is also involved in the catering, commercial performances, aquatic wild animals' domestica… Read more