Shanghai New World Co Ltd

SHG:600628 China Department Stores
Market Cap
$798.76 Million
CN¥5.86 Billion CNY
Market Cap Rank
#11742 Global
#2818 in China
Share Price
CN¥9.06
Change (1 day)
-0.77%
52-Week Range
CN¥6.74 - CN¥9.13
All Time High
CN¥18.68
Categories
Companies in China Department Stores
About

Shanghai New World Co., Ltd. owns and operates department stores in China. The company distributes Chinese herbal medicines; and sells Chinese patent medicines, western medicines, ginseng and antler tonics, nutritional health products, medical equipment, etc. It also engages in hotel, investment advisory and management, property and project management, advertising, dining, entertainment, e-commer… Read more

Shanghai New World Co Ltd (600628) - Net Assets

Latest net assets as of September 2025: CN¥4.25 Billion CNY

Based on the latest financial reports, Shanghai New World Co Ltd (600628) has net assets worth CN¥4.25 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¥5.67 Billion) and total liabilities (CN¥1.42 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¥4.25 Billion
% of Total Assets 74.96%
Annual Growth Rate 13.76%
5-Year Change -3.05%
10-Year Change 62.12%
Growth Volatility 25.89

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

This chart illustrates how Shanghai New World Co 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 Shanghai New World Co Ltd (1992–2024)

The table below shows the annual net assets of Shanghai New World Co Ltd from 1992 to 2024.

Year Net Assets Change
2024-12-31 CN¥4.21 Billion +0.73%
2023-12-31 CN¥4.18 Billion -0.72%
2022-12-31 CN¥4.21 Billion -3.37%
2021-12-31 CN¥4.36 Billion +0.33%
2020-12-31 CN¥4.34 Billion +0.67%
2019-12-31 CN¥4.32 Billion -2.86%
2018-12-31 CN¥4.44 Billion +2.20%
2017-12-31 CN¥4.35 Billion +8.29%
2016-12-31 CN¥4.01 Billion +54.49%
2015-12-31 CN¥2.60 Billion -0.84%
2014-12-31 CN¥2.62 Billion +6.99%
2013-12-31 CN¥2.45 Billion +7.55%
2012-12-31 CN¥2.28 Billion +8.30%
2011-12-31 CN¥2.10 Billion +7.85%
2010-12-31 CN¥1.95 Billion +7.71%
2009-12-31 CN¥1.81 Billion +8.51%
2008-12-31 CN¥1.67 Billion +4.96%
2007-12-31 CN¥1.59 Billion +8.74%
2006-12-31 CN¥1.46 Billion +10.47%
2005-12-31 CN¥1.32 Billion +9.45%
2004-12-31 CN¥1.21 Billion +31.28%
2003-12-31 CN¥920.72 Million +9.05%
2002-12-31 CN¥844.35 Million +3.27%
2001-12-31 CN¥817.58 Million +6.03%
2000-12-31 CN¥771.07 Million +59.57%
1999-12-31 CN¥483.22 Million +10.92%
1998-12-31 CN¥435.63 Million +18.57%
1997-12-31 CN¥367.39 Million +13.95%
1996-12-31 CN¥322.40 Million +26.99%
1995-12-31 CN¥253.89 Million +59.63%
1994-12-31 CN¥159.04 Million +2.76%
1993-12-31 CN¥154.77 Million +127.25%
1992-12-31 CN¥68.11 Million --

Equity Component Analysis

This analysis shows how different components contribute to Shanghai New World 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 66669.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥1.87 Billion 44.36%
Common Stock CN¥646.88 Million 15.36%
Other Components CN¥1.70 Billion 40.28%
Total Equity CN¥4.21 Billion 100.00%

Shanghai New World Co Ltd Competitors by Market Cap

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

Company Market Cap
Renew Energy Global PLC
NASDAQ:RNW
 		$373.20 Million
Jiangxi Xinyu Guoke Technology Co Ltd Class A
SHE:300722
 		$373.24 Million
Guangdong Great River Smarter Logistics Co Ltd Class A
SHE:002930
 		$373.29 Million
Century Wind Power Co. Ltd.
TWO:2072
 		$373.35 Million
Citizens & Northern Corp
NASDAQ:CZNC
 		$372.96 Million
Integral Diagnostics Limited
PINK:ITGDF
 		$372.93 Million
COM.HEALTHC.TR.INC.DL-01
F:4U9
 		$372.92 Million
SPIN MASTER
F:SP9
 		$372.90 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 4,178,130,000 to 4,210,311,000, a change of 32,181,000 (0.8%).
  • Net income of 70,031,000 contributed positively to equity growth.
  • Dividend payments of 34,673,000 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥70.03 Million +1.66%
Dividends Paid CN¥34.67 Million -0.82%
Other Changes CN¥-3.18 Million -0.08%
Total Change CN¥- 0.77%

Book Value vs Market Value Analysis

This analysis compares Shanghai New World 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: 1.37x
  • 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 70.74x to 1.37x 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¥0.13 CN¥9.06 x
1993-12-31 CN¥0.29 CN¥9.06 x
1994-12-31 CN¥0.30 CN¥9.06 x
1995-12-31 CN¥0.48 CN¥9.06 x
1996-12-31 CN¥0.61 CN¥9.06 x
1997-12-31 CN¥0.71 CN¥9.06 x
1998-12-31 CN¥0.80 CN¥9.06 x
1999-12-31 CN¥0.91 CN¥9.06 x
2000-12-31 CN¥1.42 CN¥9.06 x
2001-12-31 CN¥1.54 CN¥9.06 x
2002-12-31 CN¥1.66 CN¥9.06 x
2003-12-31 CN¥1.73 CN¥9.06 x
2004-12-31 CN¥2.27 CN¥9.06 x
2005-12-31 CN¥2.49 CN¥9.06 x
2006-12-31 CN¥2.75 CN¥9.06 x
2007-12-31 CN¥2.96 CN¥9.06 x
2008-12-31 CN¥3.12 CN¥9.06 x
2009-12-31 CN¥3.35 CN¥9.06 x
2010-12-31 CN¥3.56 CN¥9.06 x
2011-12-31 CN¥3.86 CN¥9.06 x
2012-12-31 CN¥4.25 CN¥9.06 x
2013-12-31 CN¥4.54 CN¥9.06 x
2014-12-31 CN¥4.82 CN¥9.06 x
2015-12-31 CN¥4.86 CN¥9.06 x
2016-12-31 CN¥7.14 CN¥9.06 x
2017-12-31 CN¥6.68 CN¥9.06 x
2018-12-31 CN¥6.83 CN¥9.06 x
2019-12-31 CN¥6.67 CN¥9.06 x
2020-12-31 CN¥6.71 CN¥9.06 x
2021-12-31 CN¥6.90 CN¥9.06 x
2022-12-31 CN¥6.51 CN¥9.06 x
2023-12-31 CN¥6.60 CN¥9.06 x
2024-12-31 CN¥6.61 CN¥9.06 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shanghai New World 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): 1.66%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 6.25%
  • • Asset Turnover: 0.20x
  • • Equity Multiplier: 1.36x
  • Recent ROE (1.66%) is below the historical average (7.97%), 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 4.80% 4.28% 0.93x 1.21x CN¥-3.54 Million
1993 5.66% 3.91% 0.59x 2.46x CN¥-6.72 Million
1994 13.96% 9.74% 0.37x 3.84x CN¥6.30 Million
1995 6.75% 6.08% 0.22x 4.96x CN¥-8.26 Million
1996 16.23% 3.78% 0.88x 4.87x CN¥20.09 Million
1997 16.22% 3.45% 1.01x 4.64x CN¥23.46 Million
1998 15.20% 3.51% 1.00x 4.35x CN¥22.06 Million
1999 12.26% 3.09% 1.10x 3.59x CN¥10.93 Million
2000 10.00% 3.79% 0.98x 2.70x CN¥-34.50K
2001 9.11% 3.96% 1.02x 2.27x CN¥-7.30 Million
2002 7.85% 4.19% 0.89x 2.09x CN¥-18.97 Million
2003 8.18% 5.20% 0.67x 2.34x CN¥-16.78 Million
2004 8.00% 6.97% 0.61x 1.87x CN¥-24.13 Million
2005 8.67% 7.67% 0.42x 2.68x CN¥-17.63 Million
2006 9.17% 6.96% 0.49x 2.67x CN¥-12.19 Million
2007 9.81% 7.96% 0.48x 2.57x CN¥-3.02 Million
2008 9.94% 6.14% 0.67x 2.42x CN¥-921.40K
2009 10.15% 6.61% 0.69x 2.22x CN¥2.74 Million
2010 10.38% 6.56% 0.60x 2.64x CN¥7.34 Million
2011 10.36% 6.63% 0.58x 2.70x CN¥7.36 Million
2012 10.60% 6.68% 0.68x 2.33x CN¥13.39 Million
2013 10.14% 7.05% 0.66x 2.18x CN¥3.37 Million
2014 9.34% 7.19% 0.64x 2.03x CN¥-16.80 Million
2015 2.06% 1.68% 0.65x 1.89x CN¥-201.44 Million
2016 6.30% 8.37% 0.52x 1.44x CN¥-148.31 Million
2017 10.32% 14.83% 0.52x 1.35x CN¥13.98 Million
2018 6.15% 9.83% 0.48x 1.31x CN¥-171.04 Million
2019 0.85% 2.22% 0.25x 1.52x CN¥-394.57 Million
2020 1.63% 6.75% 0.17x 1.40x CN¥-363.47 Million
2021 1.60% 5.96% 0.19x 1.40x CN¥-365.96 Million
2022 -1.22% -6.05% 0.15x 1.36x CN¥-472.26 Million
2023 0.76% 2.79% 0.20x 1.36x CN¥-386.16 Million
2024 1.66% 6.25% 0.20x 1.36x CN¥-351.00 Million

Industry Comparison

This section compares Shanghai New World Co Ltd's net assets metrics with peer companies in the Department Stores industry.

Industry Context

  • Industry: Department Stores
  • Average net assets among peers: $4,209,797,796
  • Average return on equity (ROE) among peers: 10.20%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shanghai New World Co Ltd (600628) CN¥4.25 Billion 4.80% 0.33x $373.06 Million
Hefei Department Store Group Co Ltd (000417) $3.72 Billion 9.85% 1.14x $183.52 Million
Changsha Tongcheng Holdings Co Ltd (000419) $216.13 Million 19.44% 0.56x $227.08 Million
Wushang Group Co Ltd (000501) $8.25 Billion 12.73% 1.77x $549.14 Million
CCOOP Group Co Ltd (000564) $648.17 Million 8.80% 0.99x $3.83 Billion
Dalian Friendship Group Co Ltd (000679) $2.09 Billion 2.71% 3.27x $232.35 Million
Zhongxing Shenyang Commercial Building Group Co Ltd (000715) $682.33 Million 7.80% 0.41x $199.18 Million
Easyhome New Retail Group Co Ltd (000785) $20.72 Billion 6.55% 0.90x $1.02 Billion
Guangzhou Grandbuy Co Ltd (002187) $3.99 Billion -3.63% 1.20x $406.04 Million
Better Life Commercial Chain Share Co Ltd (002251) $175.99 Million 42.02% 3.35x $1.30 Billion
New Huadu Supercenter Co Ltd (002264) $1.61 Billion -4.25% 1.18x $394.48 Million