China Reform Culture Holdings Co Ltd (600636) - Net Assets

Latest as of September 2025: CN¥2.06 Billion CNY ≈ $301.14 Million USD

Based on the latest financial reports, China Reform Culture Holdings Co Ltd (600636) has net assets worth CN¥2.06 Billion CNY (≈ $301.14 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¥2.18 Billion ≈ $318.55 Million USD) and total liabilities (CN¥118.95 Million ≈ $17.41 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 financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥2.06 Billion
% of Total Assets	94.54%
Annual Growth Rate	8.78%
5-Year Change	-32.81%
10-Year Change	-38.37%
Growth Volatility	21.12

China Reform Culture Holdings Co Ltd - Net Assets Trend (1993–2024)

This chart illustrates how China Reform Culture Holdings Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 600636 total asset value for the complete picture of this company's asset base.

Annual Net Assets for China Reform Culture Holdings Co Ltd (1993–2024)

The table below shows the annual net assets of China Reform Culture Holdings Co Ltd from 1993 to 2024. For live valuation and market cap data, see 600636 market cap.

Year	Net Assets	Change
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	--

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 221.1% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	CN¥438.64 Million	21.43%
Other Comprehensive Income	CN¥215.21 Million	10.52%
Other Components	CN¥1.41 Billion	68.73%
Total Equity	CN¥2.05 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
Ihlas Haber Ajansi AS IS:IHAAS	$289.51 Million
Text S.A. WAR:TXT	$289.57 Million
Empresas Gasco S.A SN:GASCO	$289.60 Million
Siddhi Acquisition Corp Class A Common stock NASDAQ:SDHI	$289.72 Million
Jasmine International Public Company Limited BK:JAS	$289.47 Million
STEP Energy Services Ltd TO:STEP	$289.46 Million
Rezolute Inc NASDAQ:RZLT	$289.31 Million
NL Industries Inc NYSE:NL	$289.27 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 2023 to 2024, total equity changed from 2,471,399,065 to 2,046,499,521, a change of -424,899,544 (-17.2%).
Net loss of 408,680,604 reduced equity.
Dividend payments of 17,545,472 reduced retained earnings.
Other comprehensive income increased equity by 215,213,727.
Other factors decreased equity by 213,887,195.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥-408.68 Million	-19.97%
Dividends Paid	CN¥17.55 Million	-0.86%
Other Comprehensive Income	CN¥215.21 Million	+10.52%
Other Changes	CN¥-213.89 Million	-10.45%
Total Change	CN¥-	-17.19%

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: 0.97x
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 9.27x to 0.97x 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¥4.51	x
1994-12-31	CN¥0.51	CN¥4.51	x
1995-12-31	CN¥0.50	CN¥4.51	x
1996-12-31	CN¥0.51	CN¥4.51	x
1997-12-31	CN¥0.57	CN¥4.51	x
1998-12-31	CN¥0.67	CN¥4.51	x
1999-12-31	CN¥0.75	CN¥4.51	x
2000-12-31	CN¥0.86	CN¥4.51	x
2001-12-31	CN¥0.92	CN¥4.51	x
2002-12-31	CN¥1.46	CN¥4.51	x
2003-12-31	CN¥1.63	CN¥4.51	x
2004-12-31	CN¥1.88	CN¥4.51	x
2005-12-31	CN¥2.23	CN¥4.51	x
2006-12-31	CN¥1.93	CN¥4.51	x
2007-12-31	CN¥2.29	CN¥4.51	x
2008-12-31	CN¥1.88	CN¥4.51	x
2009-12-31	CN¥1.92	CN¥4.51	x
2010-12-31	CN¥2.05	CN¥4.51	x
2011-12-31	CN¥4.01	CN¥4.51	x
2012-12-31	CN¥4.35	CN¥4.51	x
2013-12-31	CN¥4.37	CN¥4.51	x
2014-12-31	CN¥4.28	CN¥4.51	x
2015-12-31	CN¥6.24	CN¥4.51	x
2016-12-31	CN¥5.55	CN¥4.51	x
2017-12-31	CN¥5.64	CN¥4.51	x
2018-12-31	CN¥6.87	CN¥4.51	x
2019-12-31	CN¥6.78	CN¥4.51	x
2020-12-31	CN¥6.82	CN¥4.51	x
2021-12-31	CN¥5.75	CN¥4.51	x
2022-12-31	CN¥6.02	CN¥4.51	x
2023-12-31	CN¥5.61	CN¥4.51	x
2024-12-31	CN¥4.67	CN¥4.51	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): -19.97%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -144.43%
• Asset Turnover: 0.13x
• Equity Multiplier: 1.08x
Recent ROE (-19.97%) is below the historical average (6.14%), 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

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: $2,769,045,563
Average return on equity (ROE) among peers: 6.73%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
China Reform Culture Holdings Co Ltd (600636)	CN¥2.06 Billion	9.01%	0.06x	$289.48 Million
North Huajin Chemical Industries Co Ltd (000059)	$1.37 Billion	0.00%	0.79x	$1.28 Billion
Sichuan Chemical Co Ltd (000155)	$1.46 Billion	0.78%	1.16x	$4.82 Billion
Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301)	$506.50 Million	16.41%	1.45x	$12.92 Billion
Zangge Holding Co Ltd (000408)	$304.26 Million	8.29%	1.38x	$20.72 Billion
Sichuan Jinlu Group Co Ltd (000510)	$1.46 Billion	0.89%	0.57x	$1.47 Billion
Jilin Gpro Titanium Industry Co Ltd (000545)	$269.12 Million	8.73%	0.27x	$438.99 Million
Aoyuan Beauty Valley Technology Co Ltd (000615)	$728.86 Million	0.46%	0.67x	$855.32 Million
Ningxia Younglight Chemicals Co Ltd (000635)	$934.64 Million	13.67%	2.94x	$472.35 Million
Maoming Petro-Chemical Shihua Co Ltd (000637)	$1.03 Billion	8.78%	0.45x	$362.87 Million
Inner Mongolia Yuan Xing Energy Co Ltd (000683)	$19.62 Billion	9.23%	0.83x	$4.87 Billion

About China Reform Culture Holdings Co Ltd

SHG:600636 China Chemicals

Market Cap

$289.48 Million

CN¥1.98 Billion CNY

Market Cap Rank

#15132 Global

#4608 in China

Share Price

CN¥4.51

Change (1 day)

+0.00%

52-Week Range

CN¥4.51 - CN¥9.59

All Time High

CN¥18.68