Shanghai New World Co Ltd (600628) - Net Assets
Based on the latest financial reports, Shanghai New World Co Ltd (600628) has net assets worth CN¥4.25 Billion CNY (≈ $621.60 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¥5.67 Billion ≈ $829.30 Million USD) and total liabilities (CN¥1.42 Billion ≈ $207.69 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 how resilient are Shanghai New World Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
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. Also explore balance sheet size of Shanghai New World Co Ltd for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Shanghai New World Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.21 Billion ≈ $616.33 Million |
+0.73% |
| 2023-12-31 | CN¥4.18 Billion ≈ $611.85 Million |
-0.72% |
| 2022-12-31 | CN¥4.21 Billion ≈ $616.28 Million |
-3.37% |
| 2021-12-31 | CN¥4.36 Billion ≈ $637.80 Million |
+0.33% |
| 2020-12-31 | CN¥4.34 Billion ≈ $635.73 Million |
+0.67% |
| 2019-12-31 | CN¥4.32 Billion ≈ $631.47 Million |
-2.86% |
| 2018-12-31 | CN¥4.44 Billion ≈ $650.05 Million |
+2.20% |
| 2017-12-31 | CN¥4.35 Billion ≈ $636.04 Million |
+8.29% |
| 2016-12-31 | CN¥4.01 Billion ≈ $587.33 Million |
+54.49% |
| 2015-12-31 | CN¥2.60 Billion ≈ $380.18 Million |
-0.84% |
| 2014-12-31 | CN¥2.62 Billion ≈ $383.39 Million |
+6.99% |
| 2013-12-31 | CN¥2.45 Billion ≈ $358.32 Million |
+7.55% |
| 2012-12-31 | CN¥2.28 Billion ≈ $333.16 Million |
+8.30% |
| 2011-12-31 | CN¥2.10 Billion ≈ $307.63 Million |
+7.85% |
| 2010-12-31 | CN¥1.95 Billion ≈ $285.25 Million |
+7.71% |
| 2009-12-31 | CN¥1.81 Billion ≈ $264.83 Million |
+8.51% |
| 2008-12-31 | CN¥1.67 Billion ≈ $244.06 Million |
+4.96% |
| 2007-12-31 | CN¥1.59 Billion ≈ $232.53 Million |
+8.74% |
| 2006-12-31 | CN¥1.46 Billion ≈ $213.85 Million |
+10.47% |
| 2005-12-31 | CN¥1.32 Billion ≈ $193.58 Million |
+9.45% |
| 2004-12-31 | CN¥1.21 Billion ≈ $176.87 Million |
+31.28% |
| 2003-12-31 | CN¥920.72 Million ≈ $134.73 Million |
+9.05% |
| 2002-12-31 | CN¥844.35 Million ≈ $123.55 Million |
+3.27% |
| 2001-12-31 | CN¥817.58 Million ≈ $119.64 Million |
+6.03% |
| 2000-12-31 | CN¥771.07 Million ≈ $112.83 Million |
+59.57% |
| 1999-12-31 | CN¥483.22 Million ≈ $70.71 Million |
+10.92% |
| 1998-12-31 | CN¥435.63 Million ≈ $63.75 Million |
+18.57% |
| 1997-12-31 | CN¥367.39 Million ≈ $53.76 Million |
+13.95% |
| 1996-12-31 | CN¥322.40 Million ≈ $47.18 Million |
+26.99% |
| 1995-12-31 | CN¥253.89 Million ≈ $37.15 Million |
+59.63% |
| 1994-12-31 | CN¥159.04 Million ≈ $23.27 Million |
+2.76% |
| 1993-12-31 | CN¥154.77 Million ≈ $22.65 Million |
+127.25% |
| 1992-12-31 | CN¥68.11 Million ≈ $9.97 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 |
|---|---|
|
Arrowhead Properties Ltd B
JSE:FTB
|
$681.59 Million |
|
World Acceptance Corporation
NASDAQ:WRLD
|
$681.65 Million |
|
Zhejiang Goldensea Envi Tech C
SHG:603311
|
$681.72 Million |
|
Cikarang Listrindo Tbk PT
JK:POWR
|
$681.77 Million |
|
China Oil HBP Science & Technology Co Ltd
SHE:002554
|
$681.13 Million |
|
SungEel HiTech Co. Ltd.
KQ:365340
|
$680.91 Million |
|
YIT Oyj
HE:YIT
|
$680.86 Million |
|
Marimaca Copper Corp
TO:MARI
|
$680.62 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: 1.09x
- 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 56.21x to 1.09x 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¥7.20 | x |
| 1993-12-31 | CN¥0.29 | CN¥7.20 | x |
| 1994-12-31 | CN¥0.30 | CN¥7.20 | x |
| 1995-12-31 | CN¥0.48 | CN¥7.20 | x |
| 1996-12-31 | CN¥0.61 | CN¥7.20 | x |
| 1997-12-31 | CN¥0.71 | CN¥7.20 | x |
| 1998-12-31 | CN¥0.80 | CN¥7.20 | x |
| 1999-12-31 | CN¥0.91 | CN¥7.20 | x |
| 2000-12-31 | CN¥1.42 | CN¥7.20 | x |
| 2001-12-31 | CN¥1.54 | CN¥7.20 | x |
| 2002-12-31 | CN¥1.66 | CN¥7.20 | x |
| 2003-12-31 | CN¥1.73 | CN¥7.20 | x |
| 2004-12-31 | CN¥2.27 | CN¥7.20 | x |
| 2005-12-31 | CN¥2.49 | CN¥7.20 | x |
| 2006-12-31 | CN¥2.75 | CN¥7.20 | x |
| 2007-12-31 | CN¥2.96 | CN¥7.20 | x |
| 2008-12-31 | CN¥3.12 | CN¥7.20 | x |
| 2009-12-31 | CN¥3.35 | CN¥7.20 | x |
| 2010-12-31 | CN¥3.56 | CN¥7.20 | x |
| 2011-12-31 | CN¥3.86 | CN¥7.20 | x |
| 2012-12-31 | CN¥4.25 | CN¥7.20 | x |
| 2013-12-31 | CN¥4.54 | CN¥7.20 | x |
| 2014-12-31 | CN¥4.82 | CN¥7.20 | x |
| 2015-12-31 | CN¥4.86 | CN¥7.20 | x |
| 2016-12-31 | CN¥7.14 | CN¥7.20 | x |
| 2017-12-31 | CN¥6.68 | CN¥7.20 | x |
| 2018-12-31 | CN¥6.83 | CN¥7.20 | x |
| 2019-12-31 | CN¥6.67 | CN¥7.20 | x |
| 2020-12-31 | CN¥6.71 | CN¥7.20 | x |
| 2021-12-31 | CN¥6.90 | CN¥7.20 | x |
| 2022-12-31 | CN¥6.51 | CN¥7.20 | x |
| 2023-12-31 | CN¥6.60 | CN¥7.20 | x |
| 2024-12-31 | CN¥6.61 | CN¥7.20 | 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: $1,784,586,171
- Average return on equity (ROE) among peers: 7.52%
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 | $681.54 Million |
| Hefei Department Store Group Co Ltd (000417) | $3.72 Billion | 9.85% | 1.14x | $763.47 Million |
| Changsha Tongcheng Holdings Co Ltd (000419) | $895.76 Million | 11.76% | 2.56x | $463.74 Million |
| Wushang Group Co Ltd (000501) | $1.56 Billion | 15.35% | 2.76x | $942.98 Million |
| CCOOP Group Co Ltd (000564) | $512.88 Million | 0.56% | 1.27x | $4.62 Billion |
| Dalian Friendship Group Co Ltd (000679) | $275.21 Million | -13.50% | 2.47x | $377.58 Million |
| Zhongxing Shenyang Commercial Building Group Co Ltd (000715) | $1.22 Billion | 7.30% | 0.75x | $473.70 Million |
| Easyhome New Retail Group Co Ltd (000785) | $636.92 Million | 1.30% | 2.21x | $2.35 Billion |
| Beijing Hualian Department Store Co Ltd (000882) | $6.26 Billion | 1.85% | 0.72x | $660.93 Million |
| Guangzhou Grandbuy Co Ltd (002187) | $2.38 Billion | 10.01% | 0.90x | $634.86 Million |
| Better Life Commercial Chain Share Co Ltd (002251) | $403.01 Million | 30.68% | 2.74x | $1.63 Billion |
About Shanghai New World Co Ltd
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