China Reform Culture Holdings Co Ltd (600636) - Net Assets
Based on the latest financial reports, China Reform Culture Holdings Co Ltd (600636) has net assets worth CN¥1.75 Billion CNY (≈ $256.18 Million 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¥1.86 Billion ≈ $272.48 Million USD) and total liabilities (CN¥111.36 Million ≈ $16.30 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 600636 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.75 Billion |
| % of Total Assets | 94.02% |
| Annual Growth Rate | 8.01% |
| 5-Year Change | -31.01% |
| 10-Year Change | -42.17% |
| Growth Volatility | 21.2 |
China Reform Culture Holdings Co Ltd - Net Assets Trend (1993–2025)
This chart illustrates how China Reform Culture Holdings Co Ltd's net assets have evolved over time, based on quarterly financial data. See China Reform Culture Holdings Co Ltd (600636) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for China Reform Culture Holdings Co Ltd (1993–2025)
The table below shows the annual net assets of China Reform Culture Holdings Co Ltd from 1993 to 2025. For live valuation and market cap data, see 600636 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.77 Billion ≈ $259.36 Million |
-13.39% |
| 2024-12-31 | CN¥2.05 Billion ≈ $299.47 Million |
-17.19% |
| 2023-12-31 | CN¥2.47 Billion ≈ $361.64 Million |
-7.96% |
| 2022-12-31 | CN¥2.69 Billion ≈ $392.93 Million |
+4.52% |
| 2021-12-31 | CN¥2.57 Billion ≈ $375.94 Million |
-15.66% |
| 2020-12-31 | CN¥3.05 Billion ≈ $445.72 Million |
-2.27% |
| 2019-12-31 | CN¥3.12 Billion ≈ $456.08 Million |
-1.07% |
| 2018-12-31 | CN¥3.15 Billion ≈ $460.99 Million |
-2.00% |
| 2017-12-31 | CN¥3.21 Billion ≈ $470.40 Million |
+4.89% |
| 2016-12-31 | CN¥3.06 Billion ≈ $448.45 Million |
-7.71% |
| 2015-12-31 | CN¥3.32 Billion ≈ $485.89 Million |
+57.40% |
| 2014-12-31 | CN¥2.11 Billion ≈ $308.69 Million |
+0.75% |
| 2013-12-31 | CN¥2.09 Billion ≈ $306.39 Million |
+1.30% |
| 2012-12-31 | CN¥2.07 Billion ≈ $302.46 Million |
+6.85% |
| 2011-12-31 | CN¥1.93 Billion ≈ $283.07 Million |
+82.53% |
| 2010-12-31 | CN¥1.06 Billion ≈ $155.08 Million |
+12.44% |
| 2009-12-31 | CN¥942.52 Million ≈ $137.92 Million |
+2.78% |
| 2008-12-31 | CN¥917.03 Million ≈ $134.19 Million |
-9.21% |
| 2007-12-31 | CN¥1.01 Billion ≈ $147.80 Million |
+11.13% |
| 2006-12-31 | CN¥908.87 Million ≈ $133.00 Million |
+15.10% |
| 2005-12-31 | CN¥789.65 Million ≈ $115.55 Million |
+24.65% |
| 2004-12-31 | CN¥633.50 Million ≈ $92.70 Million |
+18.11% |
| 2003-12-31 | CN¥536.34 Million ≈ $78.48 Million |
+13.80% |
| 2002-12-31 | CN¥471.32 Million ≈ $68.97 Million |
+60.80% |
| 2001-12-31 | CN¥293.12 Million ≈ $42.89 Million |
+7.86% |
| 2000-12-31 | CN¥271.75 Million ≈ $39.77 Million |
+14.89% |
| 1999-12-31 | CN¥236.52 Million ≈ $34.61 Million |
+12.42% |
| 1998-12-31 | CN¥210.39 Million ≈ $30.79 Million |
+18.17% |
| 1997-12-31 | CN¥178.05 Million ≈ $26.05 Million |
+12.07% |
| 1996-12-31 | CN¥158.87 Million ≈ $23.25 Million |
+2.18% |
| 1995-12-31 | CN¥155.47 Million ≈ $22.75 Million |
-1.26% |
| 1994-12-31 | CN¥157.46 Million ≈ $23.04 Million |
+4.50% |
| 1993-12-31 | CN¥150.67 Million ≈ $22.05 Million |
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Equity Component Analysis
This analysis shows how different components contribute to China Reform Culture Holdings 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 2600.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥2.06 Billion | 116.13% |
| Total Equity | CN¥1.77 Billion | 100.00% |
China Reform Culture Holdings Co Ltd Competitors by Market Cap
The table below lists competitors of China Reform Culture Holdings Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Silver Pegasus Acquisition Corp.
NASDAQ:SPEG
|
$118.11 Million |
|
Teo Seng Capital Bhd
KLSE:7252
|
$118.21 Million |
|
Admiral Group PLC
LSE:ADM
|
$118.34 Million |
|
NeoVolta Inc. Common Stock
NASDAQ:NEOV
|
$118.37 Million |
|
Jaeyoung Solutec Co. Ltd
KQ:049630
|
$118.10 Million |
|
Lan Fa Textile Co Ltd
TW:1459
|
$118.03 Million |
|
CHINA NEW CITY COMM.
F:C7B
|
$118.02 Million |
|
Deleum Bhd
KLSE:5132
|
$117.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Reform Culture Holdings Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,046,499,521 to 1,772,399,091, a change of -274,100,430 (-13.4%).
- Net loss of 250,105,369 reduced equity.
- Dividend payments of 21,931,840 reduced retained earnings.
- Other comprehensive income decreased equity by 215,213,727.
- Other factors increased equity by 213,150,506.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-250.11 Million | -14.11% |
| Dividends Paid | CN¥21.93 Million | -1.24% |
| Other Comprehensive Income | CN¥-215.21 Million | -12.14% |
| Other Changes | CN¥213.15 Million | +12.03% |
| Total Change | CN¥- | -13.39% |
Book Value vs Market Value Analysis
This analysis compares China Reform Culture Holdings 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: 0.46x
- 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 3.78x to 0.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | CN¥0.49 | CN¥1.84 | x |
| 1994-12-31 | CN¥0.51 | CN¥1.84 | x |
| 1995-12-31 | CN¥0.50 | CN¥1.84 | x |
| 1996-12-31 | CN¥0.51 | CN¥1.84 | x |
| 1997-12-31 | CN¥0.57 | CN¥1.84 | x |
| 1998-12-31 | CN¥0.67 | CN¥1.84 | x |
| 1999-12-31 | CN¥0.75 | CN¥1.84 | x |
| 2000-12-31 | CN¥0.86 | CN¥1.84 | x |
| 2001-12-31 | CN¥0.92 | CN¥1.84 | x |
| 2002-12-31 | CN¥1.46 | CN¥1.84 | x |
| 2003-12-31 | CN¥1.63 | CN¥1.84 | x |
| 2004-12-31 | CN¥1.88 | CN¥1.84 | x |
| 2005-12-31 | CN¥2.23 | CN¥1.84 | x |
| 2006-12-31 | CN¥1.93 | CN¥1.84 | x |
| 2007-12-31 | CN¥2.29 | CN¥1.84 | x |
| 2008-12-31 | CN¥1.88 | CN¥1.84 | x |
| 2009-12-31 | CN¥1.92 | CN¥1.84 | x |
| 2010-12-31 | CN¥2.05 | CN¥1.84 | x |
| 2011-12-31 | CN¥4.01 | CN¥1.84 | x |
| 2012-12-31 | CN¥4.35 | CN¥1.84 | x |
| 2013-12-31 | CN¥4.37 | CN¥1.84 | x |
| 2014-12-31 | CN¥4.28 | CN¥1.84 | x |
| 2015-12-31 | CN¥6.24 | CN¥1.84 | x |
| 2016-12-31 | CN¥5.55 | CN¥1.84 | x |
| 2017-12-31 | CN¥5.64 | CN¥1.84 | x |
| 2018-12-31 | CN¥6.87 | CN¥1.84 | x |
| 2019-12-31 | CN¥6.78 | CN¥1.84 | x |
| 2020-12-31 | CN¥6.82 | CN¥1.84 | x |
| 2021-12-31 | CN¥5.75 | CN¥1.84 | x |
| 2022-12-31 | CN¥6.02 | CN¥1.84 | x |
| 2023-12-31 | CN¥5.61 | CN¥1.84 | x |
| 2024-12-31 | CN¥4.67 | CN¥1.84 | x |
| 2025-12-31 | CN¥4.04 | CN¥1.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Reform Culture Holdings 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): -14.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -84.59%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.08x
- Recent ROE (-14.11%) is below the historical average (5.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 9.01% | 19.58% | 0.35x | 1.33x | CN¥-1.41 Million |
| 1994 | 4.75% | 5.14% | 0.61x | 1.51x | CN¥-7.87 Million |
| 1995 | 3.54% | 2.68% | 0.80x | 1.66x | CN¥-9.57 Million |
| 1996 | 4.11% | 2.66% | 0.80x | 1.92x | CN¥-8.87 Million |
| 1997 | 10.03% | 6.58% | 0.70x | 2.17x | CN¥58.32K |
| 1998 | 10.30% | 6.96% | 0.78x | 1.89x | CN¥597.51K |
| 1999 | 10.60% | 5.80% | 0.92x | 1.97x | CN¥1.32 Million |
| 2000 | 16.56% | 8.55% | 1.00x | 1.94x | CN¥16.55 Million |
| 2001 | 18.01% | 8.66% | 1.00x | 2.09x | CN¥21.74 Million |
| 2002 | 13.41% | 6.96% | 1.01x | 1.91x | CN¥14.65 Million |
| 2003 | 10.18% | 4.43% | 1.06x | 2.17x | CN¥844.09K |
| 2004 | 16.89% | 5.11% | 1.21x | 2.72x | CN¥38.11 Million |
| 2005 | 17.33% | 5.65% | 1.14x | 2.70x | CN¥48.05 Million |
| 2006 | 14.90% | 4.90% | 1.08x | 2.82x | CN¥36.15 Million |
| 2007 | 10.57% | 3.43% | 0.98x | 3.14x | CN¥4.51 Million |
| 2008 | -9.66% | -2.60% | 1.00x | 3.71x | CN¥-141.66 Million |
| 2009 | 2.55% | 0.90% | 0.90x | 3.16x | CN¥-55.11 Million |
| 2010 | 5.85% | 1.49% | 1.02x | 3.87x | CN¥-32.64 Million |
| 2011 | 47.81% | 15.87% | 1.30x | 2.33x | CN¥578.47 Million |
| 2012 | 8.39% | 4.24% | 0.90x | 2.19x | CN¥-26.78 Million |
| 2013 | 4.21% | 2.14% | 0.99x | 1.99x | CN¥-96.77 Million |
| 2014 | 0.40% | 0.16% | 1.02x | 2.39x | CN¥-156.22 Million |
| 2015 | -11.16% | -8.71% | 0.78x | 1.64x | CN¥-589.70 Million |
| 2016 | -12.42% | -6.50% | 1.14x | 1.68x | CN¥-555.82 Million |
| 2017 | 1.90% | 0.91% | 0.71x | 2.91x | CN¥-204.37 Million |
| 2018 | 17.69% | 32.65% | 0.48x | 1.14x | CN¥236.15 Million |
| 2019 | 3.94% | 9.57% | 0.35x | 1.17x | CN¥-183.61 Million |
| 2020 | 5.11% | 22.24% | 0.21x | 1.07x | CN¥-149.07 Million |
| 2021 | -16.65% | -96.27% | 0.16x | 1.07x | CN¥-684.76 Million |
| 2022 | 5.00% | 28.64% | 0.16x | 1.06x | CN¥-134.28 Million |
| 2023 | -6.83% | -43.99% | 0.15x | 1.04x | CN¥-415.99 Million |
| 2024 | -19.97% | -144.43% | 0.13x | 1.08x | CN¥-613.33 Million |
| 2025 | -14.11% | -84.59% | 0.15x | 1.08x | CN¥-427.35 Million |
Industry Comparison
This section compares China Reform Culture Holdings Co Ltd's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $4,238,970,200
- Average return on equity (ROE) among peers: 9.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Reform Culture Holdings Co Ltd (600636) | CN¥1.75 Billion | 9.01% | 0.06x | $118.10 Million |
| North Huajin Chemical Industries Co Ltd (000059) | $14.98 Billion | 0.47% | 1.13x | $940.88 Million |
| Sichuan Chemical Co Ltd (000155) | $505.75 Million | 22.40% | 1.18x | $3.48 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $2.69 Billion | 5.91% | 0.33x | $11.21 Billion |
| Zangge Holding Co Ltd (000408) | $6.53 Billion | 18.58% | 0.19x | $17.56 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $754.79 Million | 9.90% | 0.56x | $2.10 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $2.05 Billion | 4.97% | 0.52x | $348.02 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $674.19 Million | 1.08% | 0.85x | $891.94 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $2.90 Billion | 3.79% | 0.15x | $376.61 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $771.01 Million | 16.41% | 0.10x | $286.04 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $10.53 Billion | 6.76% | 1.09x | $3.42 Billion |
About China Reform Culture Holdings Co Ltd
China Reform Culture Holdings Co., Ltd. develops and sells educational recording and broadcasting software and hardware in China. The company engages in the education informatization and vocational education businesses. It also offers technology development, technology transfer, technical consultation, and technical services; software development services; and information system integration servi… Read more