Greenland Holdings Corp Ltd
Greenland Holdings Corporation Limited operates in real estate, infrastructure, consumer and producer services, financial investment industries in China and internationally. The company engages in the hotels, tourism, and exhibitions activities. It also provides automotive services. Greenland Holdings Corporation Limited was founded in 1992 and is headquartered in Shanghai, China.
Greenland Holdings Corp Ltd (600606) - Net Assets
Latest net assets as of September 2025: CN¥110.43 Billion CNY
Based on the latest financial reports, Greenland Holdings Corp Ltd (600606) has net assets worth CN¥110.43 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.05 Trillion) and total liabilities (CN¥943.05 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥110.43 Billion |
| % of Total Assets | 10.48% |
| Annual Growth Rate | 24.22% |
| 5-Year Change | -23.23% |
| 10-Year Change | 65.94% |
| Growth Volatility | 647.48 |
Greenland Holdings Corp Ltd - Net Assets Trend (1992–2024)
This chart illustrates how Greenland Holdings Corp Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Greenland Holdings Corp Ltd (1992–2024)
The table below shows the annual net assets of Greenland Holdings Corp Ltd from 1992 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥119.20 Billion | -17.88% |
| 2023-12-31 | CN¥145.15 Billion | -11.64% |
| 2022-12-31 | CN¥164.27 Billion | +0.24% |
| 2021-12-31 | CN¥163.88 Billion | +5.54% |
| 2020-12-31 | CN¥155.27 Billion | +18.18% |
| 2019-12-31 | CN¥131.39 Billion | +20.63% |
| 2018-12-31 | CN¥108.93 Billion | +16.56% |
| 2017-12-31 | CN¥93.45 Billion | +20.62% |
| 2016-12-31 | CN¥77.48 Billion | +7.86% |
| 2015-12-31 | CN¥71.83 Billion | +3730.37% |
| 2014-12-31 | CN¥1.88 Billion | -14.81% |
| 2013-12-31 | CN¥2.20 Billion | +0.04% |
| 2012-12-31 | CN¥2.20 Billion | +4.19% |
| 2011-12-31 | CN¥2.11 Billion | +6.77% |
| 2010-12-31 | CN¥1.98 Billion | +6.45% |
| 2009-12-31 | CN¥1.86 Billion | +17.52% |
| 2008-12-31 | CN¥1.58 Billion | -10.07% |
| 2007-12-31 | CN¥1.76 Billion | +35.01% |
| 2006-12-31 | CN¥1.30 Billion | +5.51% |
| 2005-12-31 | CN¥1.23 Billion | +3.50% |
| 2004-12-31 | CN¥1.19 Billion | +7.80% |
| 2003-12-31 | CN¥1.11 Billion | +8.87% |
| 2002-12-31 | CN¥1.02 Billion | +196.00% |
| 2001-12-31 | CN¥343.31 Million | +17.33% |
| 2000-12-31 | CN¥292.60 Million | +15.70% |
| 1999-12-31 | CN¥252.88 Million | +44.09% |
| 1998-12-31 | CN¥175.51 Million | +24.51% |
| 1997-12-31 | CN¥140.96 Million | -6.49% |
| 1996-12-31 | CN¥150.74 Million | -8.33% |
| 1995-12-31 | CN¥164.44 Million | +3.61% |
| 1994-12-31 | CN¥158.70 Million | +1.55% |
| 1993-12-31 | CN¥156.28 Million | +35.53% |
| 1992-12-31 | CN¥115.31 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Greenland Holdings Corp 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 628190.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥35.45 Billion | 55.38% |
| Common Stock | CN¥14.05 Billion | 21.95% |
| Other Comprehensive Income | CN¥5.41 Billion | 8.45% |
| Other Components | CN¥9.10 Billion | 14.22% |
| Total Equity | CN¥64.02 Billion | 100.00% |
Greenland Holdings Corp Ltd Competitors by Market Cap
The table below lists competitors of Greenland Holdings Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Bei Mo Gao Ke Friction Mate
SHE:002985
|
$833.21 Million |
|
Doosan Co Ltd
KO:000157
|
$833.50 Million |
|
Changjiang & Jinggong Steel Building Group Co Ltd
SHG:600496
|
$833.89 Million |
|
Beijing Urban Construction Investment & Development Co Ltd
SHG:600266
|
$833.98 Million |
|
Momentum Group Limited
PINK:MMTHF
|
$833.03 Million |
|
Olema Pharmaceuticals Inc
NASDAQ:OLMA
|
$833.03 Million |
|
Dehua TB New Decoration Material Co Ltd
SHE:002043
|
$832.73 Million |
|
Burke & Herbert Financial Services Corp. Common Stock
NASDAQ:BHRB
|
$832.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Greenland Holdings Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 80,339,661,472 to 64,021,535,000, a change of -16,318,126,472 (-20.3%).
- Net loss of 15,552,009,000 reduced equity.
- Dividend payments of 5,818,972,000 reduced retained earnings.
- Share repurchases of 4,326,000 reduced equity.
- Other comprehensive income increased equity by 5,410,227,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-15.55 Billion | -24.29% |
| Dividends Paid | CN¥5.82 Billion | -9.09% |
| Share Repurchases | CN¥4.33 Million | -0.01% |
| Other Comprehensive Income | CN¥5.41 Billion | +8.45% |
| Other Changes | CN¥-353.05 Million | -0.55% |
| Total Change | CN¥- | -20.31% |
Book Value vs Market Value Analysis
This analysis compares Greenland Holdings Corp 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: 0.36x
- 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 6.75x to 0.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-12-31 | CN¥0.24 | CN¥1.64 | x |
| 1993-12-31 | CN¥0.30 | CN¥1.64 | x |
| 1994-12-31 | CN¥0.33 | CN¥1.64 | x |
| 1995-12-31 | CN¥0.35 | CN¥1.64 | x |
| 1996-12-31 | CN¥0.32 | CN¥1.64 | x |
| 1997-12-31 | CN¥0.30 | CN¥1.64 | x |
| 1998-12-31 | CN¥0.34 | CN¥1.64 | x |
| 1999-12-31 | CN¥0.43 | CN¥1.64 | x |
| 2000-12-31 | CN¥0.49 | CN¥1.64 | x |
| 2001-12-31 | CN¥0.60 | CN¥1.64 | x |
| 2002-12-31 | CN¥2.02 | CN¥1.64 | x |
| 2003-12-31 | CN¥2.17 | CN¥1.64 | x |
| 2004-12-31 | CN¥2.31 | CN¥1.64 | x |
| 2005-12-31 | CN¥2.44 | CN¥1.64 | x |
| 2006-12-31 | CN¥2.86 | CN¥1.64 | x |
| 2007-12-31 | CN¥3.07 | CN¥1.64 | x |
| 2008-12-31 | CN¥2.86 | CN¥1.64 | x |
| 2009-12-31 | CN¥3.01 | CN¥1.64 | x |
| 2010-12-31 | CN¥3.20 | CN¥1.64 | x |
| 2011-12-31 | CN¥3.50 | CN¥1.64 | x |
| 2012-12-31 | CN¥3.60 | CN¥1.64 | x |
| 2013-12-31 | CN¥3.54 | CN¥1.64 | x |
| 2014-12-31 | CN¥0.14 | CN¥1.64 | x |
| 2015-12-31 | CN¥3.87 | CN¥1.64 | x |
| 2016-12-31 | CN¥3.99 | CN¥1.64 | x |
| 2017-12-31 | CN¥4.43 | CN¥1.64 | x |
| 2018-12-31 | CN¥4.96 | CN¥1.64 | x |
| 2019-12-31 | CN¥5.61 | CN¥1.64 | x |
| 2020-12-31 | CN¥6.03 | CN¥1.64 | x |
| 2021-12-31 | CN¥6.40 | CN¥1.64 | x |
| 2022-12-31 | CN¥6.45 | CN¥1.64 | x |
| 2023-12-31 | CN¥5.72 | CN¥1.64 | x |
| 2024-12-31 | CN¥4.57 | CN¥1.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Greenland Holdings Corp 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): -24.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.46%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 17.18x
- Recent ROE (-24.29%) is below the historical average (27.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 9.79% | 8.17% | 0.38x | 3.15x | CN¥-245.13K |
| 1993 | 5.33% | 3.58% | 0.49x | 3.03x | CN¥-6.73 Million |
| 1994 | 8.79% | 5.83% | 0.49x | 3.06x | CN¥-1.92 Million |
| 1995 | 2.34% | 1.07% | 0.71x | 3.06x | CN¥-12.59 Million |
| 1996 | -15.29% | -9.23% | 0.57x | 2.91x | CN¥-38.12 Million |
| 1997 | 2.53% | 1.45% | 0.56x | 3.09x | CN¥-10.53 Million |
| 1998 | 13.40% | 11.45% | 0.32x | 3.61x | CN¥5.54 Million |
| 1999 | 20.37% | 29.78% | 0.18x | 3.75x | CN¥21.27 Million |
| 2000 | 15.21% | 14.64% | 0.22x | 4.75x | CN¥12.05 Million |
| 2001 | 26.49% | 11.80% | 0.44x | 5.08x | CN¥47.07 Million |
| 2002 | 6.33% | 5.60% | 0.49x | 2.28x | CN¥-35.26 Million |
| 2003 | 7.23% | 9.27% | 0.34x | 2.26x | CN¥-28.46 Million |
| 2004 | 7.93% | 8.33% | 0.37x | 2.57x | CN¥-22.61 Million |
| 2005 | 7.00% | 11.89% | 0.25x | 2.36x | CN¥-34.79 Million |
| 2006 | 8.74% | 29.55% | 0.13x | 2.24x | CN¥-15.45 Million |
| 2007 | 8.86% | 12.28% | 0.42x | 1.73x | CN¥-19.19 Million |
| 2008 | 9.78% | 25.84% | 0.20x | 1.90x | CN¥-3.47 Million |
| 2009 | 11.19% | 31.49% | 0.17x | 2.12x | CN¥21.54 Million |
| 2010 | 11.66% | 17.41% | 0.29x | 2.31x | CN¥32.12 Million |
| 2011 | 9.65% | 24.04% | 0.15x | 2.68x | CN¥-7.37 Million |
| 2012 | 4.80% | 23.84% | 0.07x | 2.73x | CN¥-113.54 Million |
| 2013 | 375.22% | 3.25% | 40.95x | 2.82x | CN¥7.99 Billion |
| 2014 | 298.64% | 2.13% | 35.17x | 3.99x | CN¥5.38 Billion |
| 2015 | 12.97% | 3.32% | 0.35x | 11.31x | CN¥1.58 Billion |
| 2016 | 12.81% | 2.91% | 0.34x | 13.03x | CN¥1.58 Billion |
| 2017 | 15.01% | 3.23% | 0.34x | 13.57x | CN¥3.13 Billion |
| 2018 | 16.23% | 3.26% | 0.34x | 14.79x | CN¥4.36 Billion |
| 2019 | 18.69% | 3.44% | 0.37x | 14.52x | CN¥6.85 Billion |
| 2020 | 17.69% | 3.29% | 0.33x | 16.48x | CN¥6.52 Billion |
| 2021 | 6.87% | 1.13% | 0.37x | 16.33x | CN¥-2.82 Billion |
| 2022 | 1.13% | 0.24% | 0.32x | 15.06x | CN¥-8.04 Billion |
| 2023 | -11.89% | -2.65% | 0.30x | 14.86x | CN¥-17.59 Billion |
| 2024 | -24.29% | -6.46% | 0.22x | 17.18x | CN¥-21.95 Billion |
Industry Comparison
This section compares Greenland Holdings Corp Ltd's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $1,546,667,079
- Average return on equity (ROE) among peers: 7.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Greenland Holdings Corp Ltd (600606) | CN¥110.43 Billion | 9.79% | 8.54x | $833.12 Million |
| Shenzhen SEG Co Ltd (000058) | $1.33 Billion | 3.66% | 0.19x | $595.06 Million |
| 5I5j Holding Group Co Ltd (000560) | $618.29 Million | 4.60% | 4.43x | $719.68 Million |
| DongGuan Winnerway Industrial Zone Ltd (000573) | $1.43 Billion | 2.79% | 0.78x | $286.31 Million |
| Beijing Mainstreets Investment (000609) | $669.22 Million | 21.24% | 0.69x | $293.27 Million |
| Rongfeng Holding Group (000668) | $740.22 Million | 0.45% | 0.27x | $159.03 Million |
| Sanxiang Co Ltd (000863) | $4.68 Billion | 4.46% | 1.07x | $471.17 Million |
| Shenzhen Worldunion Properties Consultancy Inc (002285) | $65.30 Million | 0.00% | 1.29x | $444.90 Million |
| Chongqing New Dazheng Property Grp (002968) | $754.94 Million | 13.84% | 0.32x | $151.40 Million |
| Shenzhen SDG Service Co. Ltd. (300917) | $968.11 Million | 11.79% | 0.59x | $254.69 Million |
| China World Trade Center Co Ltd (600007) | $4.22 Billion | 8.40% | 0.93x | $517.22 Million |