Shanghai Chinafortune Co Ltd (600621) - Net Assets

Latest as of September 2025: CN¥8.95 Billion CNY ≈ $1.31 Billion USD

Based on the latest financial reports, Shanghai Chinafortune Co Ltd (600621) has net assets worth CN¥8.95 Billion CNY (≈ $1.31 Billion 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¥57.78 Billion ≈ $8.45 Billion USD) and total liabilities (CN¥48.83 Billion ≈ $7.14 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 Shanghai Chinafortune Co Ltd (600621) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥8.95 Billion
% of Total Assets 15.5%
Annual Growth Rate 14.52%
5-Year Change 20.14%
10-Year Change 338.94%
Growth Volatility 41.82

Shanghai Chinafortune Co Ltd - Net Assets Trend (1992–2024)

This chart illustrates how Shanghai Chinafortune Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shanghai Chinafortune Co Ltd (600621) total assets for the complete picture of this company's asset base.

Annual Net Assets for Shanghai Chinafortune Co Ltd (1992–2024)

The table below shows the annual net assets of Shanghai Chinafortune Co Ltd from 1992 to 2024. For live valuation and market cap data, see market value of Shanghai Chinafortune Co Ltd.

Year Net Assets Change
2024-12-31 CN¥8.44 Billion
≈ $1.23 Billion		 +7.21%
2023-12-31 CN¥7.87 Billion
≈ $1.15 Billion		 +4.46%
2022-12-31 CN¥7.53 Billion
≈ $1.10 Billion		 +2.38%
2021-12-31 CN¥7.36 Billion
≈ $1.08 Billion		 +4.78%
2020-12-31 CN¥7.02 Billion
≈ $1.03 Billion		 +6.61%
2019-12-31 CN¥6.59 Billion
≈ $964.13 Million		 -0.60%
2018-12-31 CN¥6.63 Billion
≈ $969.96 Million		 -3.91%
2017-12-31 CN¥6.90 Billion
≈ $1.01 Billion		 +236.27%
2016-12-31 CN¥2.05 Billion
≈ $300.16 Million		 +6.70%
2015-12-31 CN¥1.92 Billion
≈ $281.33 Million		 +4.32%
2014-12-31 CN¥1.84 Billion
≈ $269.67 Million		 +10.16%
2013-12-31 CN¥1.67 Billion
≈ $244.79 Million		 +16.12%
2012-12-31 CN¥1.44 Billion
≈ $210.80 Million		 +10.01%
2011-12-31 CN¥1.31 Billion
≈ $191.62 Million		 +5.62%
2010-12-31 CN¥1.24 Billion
≈ $181.43 Million		 +10.74%
2009-12-31 CN¥1.12 Billion
≈ $163.83 Million		 +5.64%
2008-12-31 CN¥1.06 Billion
≈ $155.08 Million		 -7.66%
2007-12-31 CN¥1.15 Billion
≈ $167.95 Million		 +7.68%
2006-12-31 CN¥1.07 Billion
≈ $155.97 Million		 -5.62%
2005-12-31 CN¥1.13 Billion
≈ $165.27 Million		 +3.25%
2004-12-31 CN¥1.09 Billion
≈ $160.07 Million		 +6.57%
2003-12-31 CN¥1.03 Billion
≈ $150.20 Million		 +14.55%
2002-12-31 CN¥896.08 Million
≈ $131.12 Million		 +2.80%
2001-12-31 CN¥871.69 Million
≈ $127.56 Million		 -12.11%
2000-12-31 CN¥991.84 Million
≈ $145.14 Million		 +27.13%
1999-12-31 CN¥780.15 Million
≈ $114.16 Million		 +47.89%
1998-12-31 CN¥527.53 Million
≈ $77.19 Million		 +21.47%
1997-12-31 CN¥434.28 Million
≈ $63.55 Million		 +59.02%
1996-12-31 CN¥273.09 Million
≈ $39.96 Million		 +20.13%
1995-12-31 CN¥227.33 Million
≈ $33.26 Million		 +26.49%
1994-12-31 CN¥179.72 Million
≈ $26.30 Million		 +21.65%
1993-12-31 CN¥147.74 Million
≈ $21.62 Million		 +34.28%
1992-12-31 CN¥110.02 Million
≈ $16.10 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Shanghai Chinafortune 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 grown by 74694.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥4.68 Billion 55.50%
Common Stock CN¥1.06 Billion 12.57%
Other Comprehensive Income CN¥856.24 Million 10.15%
Other Components CN¥1.84 Billion 21.78%
Total Equity CN¥8.44 Billion 100.00%

Shanghai Chinafortune Co Ltd Competitors by Market Cap

The table below lists competitors of Shanghai Chinafortune Co Ltd ranked by their market capitalization.

Company Market Cap
Husqvarna AB (publ)
ST:HUSQ-B
 $2.20 Billion
Shanghai QiFan Cable Co Ltd
SHG:605222
 $2.20 Billion
NetScout Systems Inc
NASDAQ:NTCT
 $2.20 Billion
China National Gold Group Gold Jewellery Co Ltd
SHG:600916
 $2.20 Billion
Torunlar Gayrimenkul Yatirim Ortakligi AS
IS:TRGYO
 $2.19 Billion
Adaptive Biotechnologies Corp
NASDAQ:ADPT
 $2.19 Billion
Imerys SA
PA:NK
 $2.19 Billion
Banque Cantonale de Geneve
SW:BCGE
 $2.19 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shanghai Chinafortune Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 7,748,276,000 to 8,438,769,000, a change of 690,493,000 (8.9%).
  • Net income of 365,389,000 contributed positively to equity growth.
  • Dividend payments of 434,250,029 reduced retained earnings.
  • Other comprehensive income increased equity by 499,289,024.
  • Other factors increased equity by 260,065,005.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥365.39 Million +4.33%
Dividends Paid CN¥434.25 Million -5.15%
Other Comprehensive Income CN¥499.29 Million +5.92%
Other Changes CN¥260.07 Million +3.08%
Total Change CN¥- 8.91%

Book Value vs Market Value Analysis

This analysis compares Shanghai Chinafortune 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: 1.80x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 67.55x to 1.80x 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¥0.21 CN¥14.14 x
1993-12-31 CN¥0.28 CN¥14.14 x
1994-12-31 CN¥0.33 CN¥14.14 x
1995-12-31 CN¥0.39 CN¥14.14 x
1996-12-31 CN¥0.49 CN¥14.14 x
1997-12-31 CN¥0.79 CN¥14.14 x
1998-12-31 CN¥0.94 CN¥14.14 x
1999-12-31 CN¥1.46 CN¥14.14 x
2000-12-31 CN¥1.84 CN¥14.14 x
2001-12-31 CN¥1.60 CN¥14.14 x
2002-12-31 CN¥1.74 CN¥14.14 x
2003-12-31 CN¥1.77 CN¥14.14 x
2004-12-31 CN¥1.76 CN¥14.14 x
2005-12-31 CN¥1.81 CN¥14.14 x
2006-12-31 CN¥1.84 CN¥14.14 x
2007-12-31 CN¥1.99 CN¥14.14 x
2008-12-31 CN¥1.96 CN¥14.14 x
2009-12-31 CN¥2.09 CN¥14.14 x
2010-12-31 CN¥2.33 CN¥14.14 x
2011-12-31 CN¥2.48 CN¥14.14 x
2012-12-31 CN¥2.74 CN¥14.14 x
2013-12-31 CN¥3.16 CN¥14.14 x
2014-12-31 CN¥3.40 CN¥14.14 x
2015-12-31 CN¥3.55 CN¥14.14 x
2016-12-31 CN¥5.43 CN¥14.14 x
2017-12-31 CN¥6.66 CN¥14.14 x
2018-12-31 CN¥5.68 CN¥14.14 x
2019-12-31 CN¥5.85 CN¥14.14 x
2020-12-31 CN¥6.51 CN¥14.14 x
2021-12-31 CN¥6.82 CN¥14.14 x
2022-12-31 CN¥6.99 CN¥14.14 x
2023-12-31 CN¥7.22 CN¥14.14 x
2024-12-31 CN¥7.85 CN¥14.14 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shanghai Chinafortune 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): 4.33%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 16.07%
  • • Asset Turnover: 0.05x
  • • Equity Multiplier: 5.20x
  • Recent ROE (4.33%) is below the historical average (8.85%), 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 7.13% 10.42% 0.34x 2.01x CN¥-3.14 Million
1993 11.68% 11.15% 0.54x 1.92x CN¥2.48 Million
1994 13.90% 11.55% 0.55x 2.18x CN¥6.69 Million
1995 14.22% 12.30% 0.47x 2.45x CN¥8.64 Million
1996 11.62% 11.15% 0.48x 2.18x CN¥4.15 Million
1997 9.76% 12.14% 0.47x 1.71x CN¥-988.93K
1998 17.86% 23.25% 0.42x 1.83x CN¥38.71 Million
1999 14.21% 19.31% 0.44x 1.68x CN¥32.22 Million
2000 20.80% 23.13% 0.48x 1.88x CN¥104.44 Million
2001 -15.05% -13.95% 0.64x 1.68x CN¥-209.98 Million
2002 7.91% 8.62% 0.60x 1.53x CN¥-18.99 Million
2003 7.75% 7.63% 0.56x 1.80x CN¥-20.88 Million
2004 7.87% 7.01% 0.58x 1.94x CN¥-19.72 Million
2005 8.01% 7.18% 0.55x 2.01x CN¥-18.86 Million
2006 8.29% 6.93% 0.65x 1.84x CN¥-16.50 Million
2007 9.16% 6.33% 0.76x 1.91x CN¥-8.79 Million
2008 9.41% 7.39% 0.77x 1.66x CN¥-6.08 Million
2009 9.24% 10.07% 0.57x 1.61x CN¥-8.31 Million
2010 9.21% 8.01% 0.62x 1.87x CN¥-9.68 Million
2011 10.48% 15.37% 0.43x 1.59x CN¥6.23 Million
2012 12.76% 19.36% 0.34x 1.97x CN¥39.63 Million
2013 17.70% 26.51% 0.33x 2.02x CN¥128.74 Million
2014 8.83% 25.90% 0.16x 2.09x CN¥-20.58 Million
2015 7.05% 35.69% 0.10x 1.95x CN¥-54.66 Million
2016 7.92% 16.34% 0.56x 0.87x CN¥-104.27 Million
2017 11.55% 21.32% 0.21x 2.58x CN¥104.59 Million
2018 0.35% 1.85% 0.06x 3.20x CN¥-598.07 Million
2019 1.03% 5.01% 0.06x 3.65x CN¥-556.58 Million
2020 10.25% 39.53% 0.07x 3.95x CN¥17.61 Million
2021 6.83% 21.39% 0.07x 4.73x CN¥-229.30 Million
2022 4.75% 14.41% 0.07x 4.73x CN¥-389.33 Million
2023 5.13% 19.74% 0.05x 4.80x CN¥-377.52 Million
2024 4.33% 16.07% 0.05x 5.20x CN¥-478.49 Million

Industry Comparison

This section compares Shanghai Chinafortune Co Ltd's net assets metrics with peer companies in the Financial Conglomerates industry.

Industry Context

  • Industry: Financial Conglomerates
  • Average net assets among peers: $16,400,555,116
  • Average return on equity (ROE) among peers: -13.66%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shanghai Chinafortune Co Ltd (600621) CN¥8.95 Billion 7.13% 5.45x $2.20 Billion
CNPC Capital Co Ltd (000617) $709.84 Million 1.39% 2.29x $17.46 Billion
Guangzhou Friendship Group Co Ltd (000987) $332.80 Million 10.53% 1.18x $6.61 Billion
Rendong Holdings Co Ltd (002647) $115.11 Million -187.07% 37.47x $2.05 Billion
Guosheng Financial Holding Inc (002670) $11.57 Billion 4.30% 1.24x $3.58 Billion
Guosen Securities Co Ltd (002736) $3.54 Billion 44.62% 3.05x $16.07 Billion
First Capital Securities Co Ltd Class A (002797) $15.29 Billion 2.16% 1.96x $4.69 Billion
Minmetals Capital Co Ltd (600390) $658.97 Million 4.24% 1.21x $3.45 Billion
China Galaxy Securities Co Ltd Class A (601881) $98.98 Billion 10.54% 4.66x $13.55 Billion

About Shanghai Chinafortune Co Ltd

SHG:600621 China Financial Conglomerates
Market Cap
$2.20 Billion
CN¥15.00 Billion CNY
Market Cap Rank
#5916 Global
#1257 in China
Share Price
CN¥14.14
Change (1 day)
-0.77%
52-Week Range
CN¥13.49 - CN¥18.60
All Time High
CN¥25.94
Categories
Companies in China Financial Conglomerates Banking & Financial
About

Shanghai Chinafortune Co., Ltd., through its subsidiaries, engages in the securities business in China. The company is also involved in the securities and futures brokerage business, agency sales of financial products business, investment consulting business, investment transactions in securities and derivative financial instruments, collective and targeted asset management, and asset management … Read more