Shanghai Fudan Forward S&T Co Ltd (600624) - Net Assets

Latest as of September 2025: CN¥658.31 Million CNY ≈ $96.33 Million USD

Based on the latest financial reports, Shanghai Fudan Forward S&T Co Ltd (600624) has net assets worth CN¥658.31 Million CNY (≈ $96.33 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¥1.53 Billion ≈ $224.00 Million USD) and total liabilities (CN¥872.43 Million ≈ $127.66 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 Shanghai Fudan Forward S&T Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥658.31 Million
% of Total Assets	43.01%
Annual Growth Rate	5.78%
5-Year Change	-39.5%
10-Year Change	-40.02%
Growth Volatility	20.33

Shanghai Fudan Forward S&T Co Ltd - Net Assets Trend (1992–2024)

This chart illustrates how Shanghai Fudan Forward S&T Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Shanghai Fudan Forward S&T Co Ltd's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Shanghai Fudan Forward S&T Co Ltd (1992–2024)

The table below shows the annual net assets of Shanghai Fudan Forward S&T Co Ltd from 1992 to 2024. For live valuation and market cap data, see Shanghai Fudan Forward S&T Co Ltd market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥677.57 Million ≈ $99.15 Million	-19.86%
2023-12-31	CN¥845.50 Million ≈ $123.72 Million	-14.92%
2022-12-31	CN¥993.73 Million ≈ $145.41 Million	-0.57%
2021-12-31	CN¥999.37 Million ≈ $146.24 Million	-10.77%
2020-12-31	CN¥1.12 Billion ≈ $163.89 Million	-7.06%
2019-12-31	CN¥1.21 Billion ≈ $176.34 Million	-1.16%
2018-12-31	CN¥1.22 Billion ≈ $178.41 Million	+2.32%
2017-12-31	CN¥1.19 Billion ≈ $174.36 Million	+2.78%
2016-12-31	CN¥1.16 Billion ≈ $169.65 Million	+2.63%
2015-12-31	CN¥1.13 Billion ≈ $165.30 Million	+3.98%
2014-12-31	CN¥1.09 Billion ≈ $158.96 Million	+66.20%
2013-12-31	CN¥653.63 Million ≈ $95.65 Million	+2.78%
2012-12-31	CN¥635.94 Million ≈ $93.06 Million	-0.25%
2011-12-31	CN¥637.51 Million ≈ $93.29 Million	+2.42%
2010-12-31	CN¥622.44 Million ≈ $91.08 Million	+10.95%
2009-12-31	CN¥561.02 Million ≈ $82.10 Million	+2.57%
2008-12-31	CN¥546.96 Million ≈ $80.04 Million	+3.12%
2007-12-31	CN¥530.40 Million ≈ $77.61 Million	+3.99%
2006-12-31	CN¥510.05 Million ≈ $74.64 Million	-2.56%
2005-12-31	CN¥523.46 Million ≈ $76.60 Million	+5.62%
2004-12-31	CN¥495.62 Million ≈ $72.52 Million	+8.44%
2003-12-31	CN¥457.05 Million ≈ $66.88 Million	+4.56%
2002-12-31	CN¥437.11 Million ≈ $63.96 Million	-1.21%
2001-12-31	CN¥442.45 Million ≈ $64.74 Million	-16.75%
2000-12-31	CN¥531.49 Million ≈ $77.77 Million	+5.76%
1999-12-31	CN¥502.54 Million ≈ $73.54 Million	+0.43%
1998-12-31	CN¥500.36 Million ≈ $73.22 Million	+5.61%
1997-12-31	CN¥473.78 Million ≈ $69.33 Million	+56.83%
1996-12-31	CN¥302.09 Million ≈ $44.21 Million	+9.51%
1995-12-31	CN¥275.86 Million ≈ $40.37 Million	+40.96%
1994-12-31	CN¥195.70 Million ≈ $28.64 Million	+6.28%
1993-12-31	CN¥184.14 Million ≈ $26.95 Million	+64.03%
1992-12-31	CN¥112.26 Million ≈ $16.43 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shanghai Fudan Forward S&T 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 71094.5% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	CN¥684.71 Million	107.41%
Other Comprehensive Income	CN¥-8.10 Million	-1.27%
Other Components	CN¥121.73 Million	19.10%
Total Equity	CN¥637.45 Million	100.00%

Shanghai Fudan Forward S&T Co Ltd Competitors by Market Cap

The table below lists competitors of Shanghai Fudan Forward S&T Co Ltd ranked by their market capitalization.

Company	Market Cap
Diplomat Holdings Ltd TA:DIPL	$459.29 Million
Linc AB ST:LINC	$459.30 Million
ProCredit Holding AG & Co KGaA XETRA:PCZ	$459.41 Million
Varex Imaging Corp NASDAQ:VREX	$459.44 Million
Guangxi Fenglin Wood Industry Group Co Ltd SHG:601996	$459.27 Million
Kolon Life Science Inc KQ:102940	$459.23 Million
INNOX Advanced Materials Co.Ltd KQ:272290	$459.18 Million
Promotora de Informaciones SA MC:PRS	$459.15 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shanghai Fudan Forward S&T Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 804,800,130 to 637,446,077, a change of -167,354,053 (-20.8%).
Net loss of 133,209,876 reduced equity.
Dividend payments of 13,915,176 reduced retained earnings.
Other comprehensive income decreased equity by 6,322,826.
Other factors decreased equity by 13,906,175.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥-133.21 Million	-20.9%
Dividends Paid	CN¥13.92 Million	-2.18%
Other Comprehensive Income	CN¥-6.32 Million	-0.99%
Other Changes	CN¥-13.91 Million	-2.18%
Total Change	CN¥-	-20.79%

Book Value vs Market Value Analysis

This analysis compares Shanghai Fudan Forward S&T 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: 4.95x
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 24.65x to 4.95x 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¥0.19	CN¥4.62	x
1993-12-31	CN¥0.31	CN¥4.62	x
1994-12-31	CN¥0.33	CN¥4.62	x
1995-12-31	CN¥0.47	CN¥4.62	x
1996-12-31	CN¥0.52	CN¥4.62	x
1997-12-31	CN¥0.82	CN¥4.62	x
1998-12-31	CN¥0.86	CN¥4.62	x
1999-12-31	CN¥0.86	CN¥4.62	x
2000-12-31	CN¥0.88	CN¥4.62	x
2001-12-31	CN¥0.75	CN¥4.62	x
2002-12-31	CN¥0.74	CN¥4.62	x
2003-12-31	CN¥0.77	CN¥4.62	x
2004-12-31	CN¥0.80	CN¥4.62	x
2005-12-31	CN¥0.83	CN¥4.62	x
2006-12-31	CN¥0.83	CN¥4.62	x
2007-12-31	CN¥0.85	CN¥4.62	x
2008-12-31	CN¥0.87	CN¥4.62	x
2009-12-31	CN¥0.90	CN¥4.62	x
2010-12-31	CN¥0.93	CN¥4.62	x
2011-12-31	CN¥0.97	CN¥4.62	x
2012-12-31	CN¥0.99	CN¥4.62	x
2013-12-31	CN¥1.02	CN¥4.62	x
2014-12-31	CN¥1.64	CN¥4.62	x
2015-12-31	CN¥1.55	CN¥4.62	x
2016-12-31	CN¥1.60	CN¥4.62	x
2017-12-31	CN¥1.63	CN¥4.62	x
2018-12-31	CN¥1.66	CN¥4.62	x
2019-12-31	CN¥1.64	CN¥4.62	x
2020-12-31	CN¥1.52	CN¥4.62	x
2021-12-31	CN¥1.34	CN¥4.62	x
2022-12-31	CN¥1.30	CN¥4.62	x
2023-12-31	CN¥1.18	CN¥4.62	x
2024-12-31	CN¥0.93	CN¥4.62	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shanghai Fudan Forward S&T 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): -20.90%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -20.64%
• Asset Turnover: 0.45x
• Equity Multiplier: 2.23x
Recent ROE (-20.90%) is below the historical average (3.09%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1992	6.78%	15.08%	0.31x	1.43x	CN¥-3.48 Million
1993	11.78%	16.65%	0.53x	1.34x	CN¥3.14 Million
1994	14.00%	18.50%	0.56x	1.34x	CN¥7.66 Million
1995	10.02%	17.93%	0.40x	1.41x	CN¥54.57K
1996	10.21%	15.13%	0.43x	1.58x	CN¥636.55K
1997	7.21%	14.46%	0.37x	1.33x	CN¥-13.17 Million
1998	3.03%	6.97%	0.27x	1.58x	CN¥-34.73 Million
1999	3.81%	8.42%	0.26x	1.72x	CN¥-30.66 Million
2000	5.61%	11.26%	0.26x	1.88x	CN¥-22.21 Million
2001	0.73%	1.05%	0.28x	2.47x	CN¥-40.12 Million
2002	1.46%	2.39%	0.26x	2.35x	CN¥-36.45 Million
2003	2.46%	3.94%	0.26x	2.40x	CN¥-33.38 Million
2004	3.62%	5.10%	0.31x	2.27x	CN¥-29.26 Million
2005	4.06%	5.49%	0.34x	2.21x	CN¥-28.56 Million
2006	3.38%	4.18%	0.38x	2.12x	CN¥-31.76 Million
2007	4.10%	4.06%	0.47x	2.17x	CN¥-29.27 Million
2008	4.44%	3.97%	0.53x	2.13x	CN¥-28.28 Million
2009	2.71%	2.51%	0.47x	2.32x	CN¥-38.14 Million
2010	3.77%	3.41%	0.42x	2.64x	CN¥-33.84 Million
2011	4.21%	3.26%	0.48x	2.69x	CN¥-32.79 Million
2012	4.85%	3.24%	0.66x	2.27x	CN¥-29.84 Million
2013	5.67%	3.54%	0.62x	2.59x	CN¥-25.73 Million
2014	3.95%	4.02%	0.61x	1.61x	CN¥-62.05 Million
2015	4.91%	7.28%	0.39x	1.73x	CN¥-54.16 Million
2016	3.50%	5.68%	0.29x	2.11x	CN¥-70.94 Million
2017	3.80%	5.77%	0.31x	2.14x	CN¥-69.39 Million
2018	3.20%	3.62%	0.37x	2.41x	CN¥-77.61 Million
2019	0.93%	0.75%	0.63x	1.98x	CN¥-102.09 Million
2020	-5.26%	-5.83%	0.45x	2.01x	CN¥-158.96 Million
2021	-11.04%	-9.72%	0.54x	2.09x	CN¥-192.82 Million
2022	0.07%	0.08%	0.42x	2.11x	CN¥-87.58 Million
2023	0.74%	0.88%	0.38x	2.23x	CN¥-74.52 Million
2024	-20.90%	-20.64%	0.45x	2.23x	CN¥-196.95 Million

Industry Comparison

This section compares Shanghai Fudan Forward S&T Co Ltd's net assets metrics with peer companies in the Conglomerates industry.

Industry Context

Industry: Conglomerates
Average net assets among peers: $1,399,616,772
Average return on equity (ROE) among peers: -22.96%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shanghai Fudan Forward S&T Co Ltd (600624)	CN¥658.31 Million	6.78%	1.33x	$459.27 Million
China Baoan Group Co Ltd (000009)	$4.69 Billion	3.42%	1.81x	$3.30 Billion
Yunding Technology Co Ltd (000409)	$289.46 Million	10.54%	0.08x	$1.01 Billion
Create Technology & Science Co Ltd (000551)	$500.09 Million	0.51%	1.08x	$1.16 Billion
Sundiro Holding Co Ltd (000571)	$874.38 Million	0.93%	1.10x	$680.26 Million
Guangdong Ganhua Science & Industry Co Ltd (000576)	$728.12 Million	-33.79%	1.17x	$561.98 Million
Macrolink Real Estate Co Ltd (000620)	$108.49 Million	-173.26%	4.17x	$2.65 Billion
Tianjin Economic-technological Development Area Co Ltd (000652)	$6.41 Billion	2.47%	4.81x	$939.26 Million
CHTC Helon Co Ltd (000677)	$-804.27 Million	0.00%	0.00x	$458.93 Million
Gansu Yatai Industrial Development Co Ltd (000691)	$103.03 Million	-40.99%	1.73x	$547.08 Million
Hunan Fazhan Industrial Co Ltd (000722)	$1.09 Billion	0.55%	0.99x	$978.06 Million

About Shanghai Fudan Forward S&T Co Ltd

SHG:600624 China Conglomerates

Market Cap

$459.27 Million

CN¥3.14 Billion CNY

Market Cap Rank

#13023 Global

#4084 in China

Share Price

CN¥4.62

Change (1 day)

+0.00%

52-Week Range

CN¥4.24 - CN¥7.53

All Time High

CN¥15.07