Greenland Holdings Corp Ltd (600606) - Net Assets
Based on the latest financial reports, Greenland Holdings Corp Ltd (600606) has net assets worth CN¥84.68 Billion CNY (≈ $12.39 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¥1.05 Trillion ≈ $153.68 Billion USD) and total liabilities (CN¥965.56 Billion ≈ $141.29 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 Greenland Holdings Corp Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥84.68 Billion |
| % of Total Assets | 8.06% |
| Annual Growth Rate | 22.14% |
| 5-Year Change | -48.29% |
| 10-Year Change | 9.39% |
| Growth Volatility | 638.18 |
Greenland Holdings Corp Ltd - Net Assets Trend (1992–2025)
This chart illustrates how Greenland Holdings Corp Ltd's net assets have evolved over time, based on quarterly financial data. See 600606 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Greenland Holdings Corp Ltd (1992–2025)
The table below shows the annual net assets of Greenland Holdings Corp Ltd from 1992 to 2025. For live valuation and market cap data, see how much is Greenland Holdings Corp Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥84.75 Billion ≈ $12.40 Billion |
-28.90% |
| 2024-12-31 | CN¥119.20 Billion ≈ $17.44 Billion |
-17.88% |
| 2023-12-31 | CN¥145.15 Billion ≈ $21.24 Billion |
-11.64% |
| 2022-12-31 | CN¥164.27 Billion ≈ $24.04 Billion |
+0.24% |
| 2021-12-31 | CN¥163.88 Billion ≈ $23.98 Billion |
+5.54% |
| 2020-12-31 | CN¥155.27 Billion ≈ $22.72 Billion |
+18.18% |
| 2019-12-31 | CN¥131.39 Billion ≈ $19.23 Billion |
+20.63% |
| 2018-12-31 | CN¥108.93 Billion ≈ $15.94 Billion |
+16.56% |
| 2017-12-31 | CN¥93.45 Billion ≈ $13.67 Billion |
+20.62% |
| 2016-12-31 | CN¥77.48 Billion ≈ $11.34 Billion |
+7.86% |
| 2015-12-31 | CN¥71.83 Billion ≈ $10.51 Billion |
+3730.37% |
| 2014-12-31 | CN¥1.88 Billion ≈ $274.42 Million |
-14.81% |
| 2013-12-31 | CN¥2.20 Billion ≈ $322.14 Million |
+0.04% |
| 2012-12-31 | CN¥2.20 Billion ≈ $322.03 Million |
+4.19% |
| 2011-12-31 | CN¥2.11 Billion ≈ $309.08 Million |
+6.77% |
| 2010-12-31 | CN¥1.98 Billion ≈ $289.49 Million |
+6.45% |
| 2009-12-31 | CN¥1.86 Billion ≈ $271.94 Million |
+17.52% |
| 2008-12-31 | CN¥1.58 Billion ≈ $231.39 Million |
-10.07% |
| 2007-12-31 | CN¥1.76 Billion ≈ $257.30 Million |
+35.01% |
| 2006-12-31 | CN¥1.30 Billion ≈ $190.58 Million |
+5.51% |
| 2005-12-31 | CN¥1.23 Billion ≈ $180.64 Million |
+3.50% |
| 2004-12-31 | CN¥1.19 Billion ≈ $174.53 Million |
+7.80% |
| 2003-12-31 | CN¥1.11 Billion ≈ $161.89 Million |
+8.87% |
| 2002-12-31 | CN¥1.02 Billion ≈ $148.70 Million |
+196.00% |
| 2001-12-31 | CN¥343.31 Million ≈ $50.24 Million |
+17.33% |
| 2000-12-31 | CN¥292.60 Million ≈ $42.82 Million |
+15.70% |
| 1999-12-31 | CN¥252.88 Million ≈ $37.00 Million |
+44.09% |
| 1998-12-31 | CN¥175.51 Million ≈ $25.68 Million |
+24.51% |
| 1997-12-31 | CN¥140.96 Million ≈ $20.63 Million |
-6.49% |
| 1996-12-31 | CN¥150.74 Million ≈ $22.06 Million |
-8.33% |
| 1995-12-31 | CN¥164.44 Million ≈ $24.06 Million |
+3.61% |
| 1994-12-31 | CN¥158.70 Million ≈ $23.22 Million |
+1.55% |
| 1993-12-31 | CN¥156.28 Million ≈ $22.87 Million |
+35.53% |
| 1992-12-31 | CN¥115.31 Million ≈ $16.87 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 161909.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥9.14 Billion | 23.90% |
| Other Components | CN¥29.11 Billion | 76.10% |
| Total Equity | CN¥38.25 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 |
|---|---|
|
Lennar Corporation
NYSE:LEN-B
|
$2.72 Billion |
|
ATS Corporation
NYSE:ATS
|
$2.72 Billion |
|
Genting Malaysia Bhd
KLSE:4715
|
$2.72 Billion |
|
Boralex Inc
TO:BLX
|
$2.72 Billion |
|
Robert Half International Inc
NYSE:RHI
|
$2.71 Billion |
|
Capital Securities Corp
TW:6005
|
$2.71 Billion |
|
Cosan S.A
SA:CSAN3
|
$2.71 Billion |
|
Guangdong Topstar Technology Co Ltd
SHE:300607
|
$2.71 Billion |
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 2024 to 2025, total equity changed from 64,021,535,000 to 38,248,649,377, a change of -25,772,885,623 (-40.3%).
- Net loss of 26,212,737,206 reduced equity.
- Dividend payments of 3,754,173,061 reduced retained earnings.
- Other comprehensive income decreased equity by 5,410,227,000.
- Other factors increased equity by 9,604,251,645.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-26.21 Billion | -68.53% |
| Dividends Paid | CN¥3.75 Billion | -9.82% |
| Other Comprehensive Income | CN¥-5.41 Billion | -14.14% |
| Other Changes | CN¥9.60 Billion | +25.11% |
| Total Change | CN¥- | -40.26% |
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: 0.49x
- 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 5.43x to 0.49x 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¥1.32 | x |
| 1993-12-31 | CN¥0.30 | CN¥1.32 | x |
| 1994-12-31 | CN¥0.33 | CN¥1.32 | x |
| 1995-12-31 | CN¥0.35 | CN¥1.32 | x |
| 1996-12-31 | CN¥0.32 | CN¥1.32 | x |
| 1997-12-31 | CN¥0.30 | CN¥1.32 | x |
| 1998-12-31 | CN¥0.34 | CN¥1.32 | x |
| 1999-12-31 | CN¥0.43 | CN¥1.32 | x |
| 2000-12-31 | CN¥0.49 | CN¥1.32 | x |
| 2001-12-31 | CN¥0.60 | CN¥1.32 | x |
| 2002-12-31 | CN¥2.02 | CN¥1.32 | x |
| 2003-12-31 | CN¥2.17 | CN¥1.32 | x |
| 2004-12-31 | CN¥2.31 | CN¥1.32 | x |
| 2005-12-31 | CN¥2.44 | CN¥1.32 | x |
| 2006-12-31 | CN¥2.86 | CN¥1.32 | x |
| 2007-12-31 | CN¥3.07 | CN¥1.32 | x |
| 2008-12-31 | CN¥2.86 | CN¥1.32 | x |
| 2009-12-31 | CN¥3.01 | CN¥1.32 | x |
| 2010-12-31 | CN¥3.20 | CN¥1.32 | x |
| 2011-12-31 | CN¥3.50 | CN¥1.32 | x |
| 2012-12-31 | CN¥3.60 | CN¥1.32 | x |
| 2013-12-31 | CN¥3.54 | CN¥1.32 | x |
| 2014-12-31 | CN¥0.14 | CN¥1.32 | x |
| 2015-12-31 | CN¥3.87 | CN¥1.32 | x |
| 2016-12-31 | CN¥3.99 | CN¥1.32 | x |
| 2017-12-31 | CN¥4.43 | CN¥1.32 | x |
| 2018-12-31 | CN¥4.96 | CN¥1.32 | x |
| 2019-12-31 | CN¥5.61 | CN¥1.32 | x |
| 2020-12-31 | CN¥6.03 | CN¥1.32 | x |
| 2021-12-31 | CN¥6.40 | CN¥1.32 | x |
| 2022-12-31 | CN¥6.45 | CN¥1.32 | x |
| 2023-12-31 | CN¥5.72 | CN¥1.32 | x |
| 2024-12-31 | CN¥4.57 | CN¥1.32 | x |
| 2025-12-31 | CN¥2.72 | CN¥1.32 | 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): -68.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -14.52%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 28.05x
- Recent ROE (-68.53%) is below the historical average (25.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 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 |
| 2025 | -68.53% | -14.52% | 0.17x | 28.05x | CN¥-30.04 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: $2,513,586,254
- Average return on equity (ROE) among peers: 11.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Greenland Holdings Corp Ltd (600606) | CN¥84.68 Billion | 9.79% | 11.40x | $2.71 Billion |
| Shenzhen SEG Co Ltd (000058) | $2.50 Billion | 3.61% | 1.15x | $955.37 Million |
| 5I5j Holding Group Co Ltd (000560) | $10.40 Billion | -2.98% | 2.14x | $758.30 Million |
| DongGuan Winnerway Industrial Zone Ltd (000573) | $1.73 Billion | 3.76% | 0.69x | $375.47 Million |
| Beijing Mainstreets Investment (000609) | $1.00 Billion | 16.49% | 0.44x | $518.50 Million |
| Rongfeng Holding Group (000668) | $108.62 Million | 9.39% | 1.46x | $478.31 Million |
| Sanxiang Co Ltd (000863) | $152.98 Million | 10.92% | 0.36x | $765.39 Million |
| China Merchants Property Operation & Service Co Ltd (001914) | $3.40 Billion | 15.22% | 2.26x | $1.36 Billion |
| Shenzhen Worldunion Properties Consultancy Inc (002285) | $4.27 Billion | 17.51% | 0.82x | $656.13 Million |
| Chongqing New Dazheng Property Grp (002968) | $269.33 Million | 32.70% | 0.85x | $296.68 Million |
| Shenzhen SEG Co Ltd (200058) | $1.30 Billion | 4.83% | 0.26x | $50.65 Million |
About 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.