Shanghai AJ Group Co Ltd (600643) - Net Assets
Based on the latest financial reports, Shanghai AJ Group Co Ltd (600643) has net assets worth CN¥11.96 Billion CNY (≈ $1.75 Billion 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¥23.95 Billion ≈ $3.50 Billion USD) and total liabilities (CN¥11.99 Billion ≈ $1.75 Billion 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 AJ Group Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥11.96 Billion |
| % of Total Assets | 49.95% |
| Annual Growth Rate | 10.46% |
| 5-Year Change | 0.46% |
| 10-Year Change | 104.61% |
| Growth Volatility | 42.6 |
Shanghai AJ Group Co Ltd - Net Assets Trend (1993–2024)
This chart illustrates how Shanghai AJ Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shanghai AJ Group Co Ltd (600643) total assets for the complete picture of this company's asset base.
Annual Net Assets for Shanghai AJ Group Co Ltd (1993–2024)
The table below shows the annual net assets of Shanghai AJ Group Co Ltd from 1993 to 2024. For live valuation and market cap data, see 600643 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥11.78 Billion ≈ $1.72 Billion |
-5.12% |
| 2023-12-31 | CN¥12.41 Billion ≈ $1.82 Billion |
-0.44% |
| 2022-12-31 | CN¥12.47 Billion ≈ $1.82 Billion |
+0.64% |
| 2021-12-31 | CN¥12.39 Billion ≈ $1.81 Billion |
+5.67% |
| 2020-12-31 | CN¥11.72 Billion ≈ $1.72 Billion |
+8.71% |
| 2019-12-31 | CN¥10.78 Billion ≈ $1.58 Billion |
+11.30% |
| 2018-12-31 | CN¥9.69 Billion ≈ $1.42 Billion |
+36.39% |
| 2017-12-31 | CN¥7.10 Billion ≈ $1.04 Billion |
+11.13% |
| 2016-12-31 | CN¥6.39 Billion ≈ $935.36 Million |
+11.05% |
| 2015-12-31 | CN¥5.76 Billion ≈ $842.27 Million |
+11.49% |
| 2014-12-31 | CN¥5.16 Billion ≈ $755.48 Million |
+9.39% |
| 2013-12-31 | CN¥4.72 Billion ≈ $690.63 Million |
+11.32% |
| 2012-12-31 | CN¥4.24 Billion ≈ $620.42 Million |
+211.11% |
| 2011-12-31 | CN¥1.36 Billion ≈ $199.42 Million |
+9.40% |
| 2010-12-31 | CN¥1.25 Billion ≈ $182.29 Million |
+7.21% |
| 2009-12-31 | CN¥1.16 Billion ≈ $170.03 Million |
+10.60% |
| 2008-12-31 | CN¥1.05 Billion ≈ $153.74 Million |
-10.72% |
| 2007-12-31 | CN¥1.18 Billion ≈ $172.20 Million |
+40.69% |
| 2006-12-31 | CN¥836.43 Million ≈ $122.40 Million |
+63.23% |
| 2005-12-31 | CN¥512.43 Million ≈ $74.98 Million |
-66.93% |
| 2004-12-31 | CN¥1.55 Billion ≈ $226.73 Million |
-0.74% |
| 2003-12-31 | CN¥1.56 Billion ≈ $228.42 Million |
-15.91% |
| 2002-12-31 | CN¥1.86 Billion ≈ $271.64 Million |
+0.69% |
| 2001-12-31 | CN¥1.84 Billion ≈ $269.77 Million |
-11.22% |
| 2000-12-31 | CN¥2.08 Billion ≈ $303.86 Million |
+4.42% |
| 1999-12-31 | CN¥1.99 Billion ≈ $290.99 Million |
0.00% |
| 1998-12-31 | CN¥1.99 Billion ≈ $290.99 Million |
+51.15% |
| 1997-12-31 | CN¥1.32 Billion ≈ $192.52 Million |
+60.78% |
| 1996-12-31 | CN¥818.27 Million ≈ $119.74 Million |
+18.71% |
| 1995-12-31 | CN¥689.31 Million ≈ $100.87 Million |
+14.89% |
| 1994-12-31 | CN¥599.96 Million ≈ $87.79 Million |
+11.36% |
| 1993-12-31 | CN¥538.75 Million ≈ $78.84 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanghai AJ Group 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 6185.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.87 Billion | 41.37% |
| Common Stock | CN¥1.59 Billion | 13.53% |
| Other Components | CN¥5.31 Billion | 45.10% |
| Total Equity | CN¥11.77 Billion | 100.00% |
Shanghai AJ Group Co Ltd Competitors by Market Cap
The table below lists competitors of Shanghai AJ Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Taihan Fiber Optics Co. Ltd
KQ:010170
|
$1.12 Billion |
|
Juewei Food Co Ltd
SHG:603517
|
$1.12 Billion |
|
Oriental Holdings Bhd
KLSE:4006
|
$1.12 Billion |
|
Sichuan Shudao Equipment & Technology Co Ltd
SHE:300540
|
$1.12 Billion |
|
China Animal Husbandry Industry Co Ltd
SHG:600195
|
$1.12 Billion |
|
Zhejiang Wansheng Co Ltd
SHG:603010
|
$1.12 Billion |
|
CWB Automotive Electronics Co Ltd
SHG:605005
|
$1.12 Billion |
|
Railtel Corporation Of India Limited
NSE:RAILTEL
|
$1.12 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai AJ Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,413,084,986 to 11,774,384,238, a change of -638,700,748 (-5.1%).
- Net loss of 531,005,490 reduced equity.
- Dividend payments of 420,278,540 reduced retained earnings.
- Other factors increased equity by 312,583,282.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-531.01 Million | -4.51% |
| Dividends Paid | CN¥420.28 Million | -3.57% |
| Other Changes | CN¥312.58 Million | +2.65% |
| Total Change | CN¥- | -5.15% |
Book Value vs Market Value Analysis
This analysis compares Shanghai AJ Group 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: 0.66x
- 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 14.51x to 0.66x 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¥0.33 | CN¥4.82 | x |
| 1994-12-31 | CN¥0.36 | CN¥4.82 | x |
| 1995-12-31 | CN¥0.42 | CN¥4.82 | x |
| 1996-12-31 | CN¥0.50 | CN¥4.82 | x |
| 1997-12-31 | CN¥1.11 | CN¥4.82 | x |
| 1998-12-31 | CN¥1.68 | CN¥4.82 | x |
| 1999-12-31 | CN¥1.68 | CN¥4.82 | x |
| 2000-12-31 | CN¥1.74 | CN¥4.82 | x |
| 2001-12-31 | CN¥1.53 | CN¥4.82 | x |
| 2002-12-31 | CN¥1.54 | CN¥4.82 | x |
| 2003-12-31 | CN¥1.30 | CN¥4.82 | x |
| 2004-12-31 | CN¥1.31 | CN¥4.82 | x |
| 2005-12-31 | CN¥0.43 | CN¥4.82 | x |
| 2006-12-31 | CN¥0.70 | CN¥4.82 | x |
| 2007-12-31 | CN¥1.95 | CN¥4.82 | x |
| 2008-12-31 | CN¥0.99 | CN¥4.82 | x |
| 2009-12-31 | CN¥1.09 | CN¥4.82 | x |
| 2010-12-31 | CN¥1.17 | CN¥4.82 | x |
| 2011-12-31 | CN¥1.28 | CN¥4.82 | x |
| 2012-12-31 | CN¥3.31 | CN¥4.82 | x |
| 2013-12-31 | CN¥3.28 | CN¥4.82 | x |
| 2014-12-31 | CN¥3.59 | CN¥4.82 | x |
| 2015-12-31 | CN¥4.00 | CN¥4.82 | x |
| 2016-12-31 | CN¥4.42 | CN¥4.82 | x |
| 2017-12-31 | CN¥4.94 | CN¥4.82 | x |
| 2018-12-31 | CN¥6.00 | CN¥4.82 | x |
| 2019-12-31 | CN¥6.65 | CN¥4.82 | x |
| 2020-12-31 | CN¥7.22 | CN¥4.82 | x |
| 2021-12-31 | CN¥7.67 | CN¥4.82 | x |
| 2022-12-31 | CN¥7.73 | CN¥4.82 | x |
| 2023-12-31 | CN¥7.49 | CN¥4.82 | x |
| 2024-12-31 | CN¥7.32 | CN¥4.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai AJ Group 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): -4.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -26.87%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 2.03x
- Recent ROE (-4.51%) is below the historical average (1.95%), 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 | 14.02% | 151.33% | 0.08x | 1.13x | CN¥21.68 Million |
| 1994 | 22.67% | 24.99% | 0.49x | 1.87x | CN¥74.86 Million |
| 1995 | 23.62% | 17.53% | 0.72x | 1.87x | CN¥92.46 Million |
| 1996 | 20.04% | 25.74% | 0.54x | 1.45x | CN¥81.16 Million |
| 1997 | 13.97% | 23.77% | 0.45x | 1.30x | CN¥51.93 Million |
| 1998 | 5.96% | 14.88% | 0.34x | 1.19x | CN¥-79.92 Million |
| 1999 | 6.30% | 19.00% | 0.28x | 1.19x | CN¥-73.29 Million |
| 2000 | 6.53% | 23.62% | 0.22x | 1.28x | CN¥-70.99 Million |
| 2001 | 5.81% | 13.02% | 0.27x | 1.68x | CN¥-75.52 Million |
| 2002 | 0.62% | 0.99% | 0.36x | 1.74x | CN¥-170.03 Million |
| 2003 | -18.52% | -39.38% | 0.21x | 2.24x | CN¥-435.93 Million |
| 2004 | 0.66% | 0.75% | 0.46x | 1.92x | CN¥-143.63 Million |
| 2005 | -202.08% | -103.27% | 0.31x | 6.33x | CN¥-1.07 Billion |
| 2006 | 3.31% | 3.23% | 0.29x | 3.48x | CN¥-55.37 Million |
| 2007 | 31.28% | 54.42% | 0.25x | 2.32x | CN¥248.39 Million |
| 2008 | 1.56% | 1.46% | 0.52x | 2.06x | CN¥-88.08 Million |
| 2009 | 5.52% | 12.43% | 0.25x | 1.80x | CN¥-51.80 Million |
| 2010 | 8.45% | 21.47% | 0.27x | 1.48x | CN¥-19.29 Million |
| 2011 | 8.79% | 25.92% | 0.24x | 1.41x | CN¥-16.39 Million |
| 2012 | 7.58% | 49.16% | 0.15x | 1.05x | CN¥-102.28 Million |
| 2013 | 10.10% | 58.79% | 0.14x | 1.27x | CN¥4.52 Million |
| 2014 | 9.95% | 46.20% | 0.14x | 1.58x | CN¥-2.81 Million |
| 2015 | 9.65% | 41.89% | 0.12x | 1.87x | CN¥-19.93 Million |
| 2016 | 9.72% | 38.67% | 0.10x | 2.45x | CN¥-17.77 Million |
| 2017 | 11.74% | 35.55% | 0.14x | 2.37x | CN¥123.23 Million |
| 2018 | 12.00% | 43.64% | 0.10x | 2.71x | CN¥192.64 Million |
| 2019 | 12.24% | 34.68% | 0.14x | 2.48x | CN¥240.98 Million |
| 2020 | 11.54% | 30.89% | 0.16x | 2.32x | CN¥180.22 Million |
| 2021 | 9.31% | 26.65% | 0.16x | 2.18x | CN¥-85.99 Million |
| 2022 | 3.87% | 16.04% | 0.11x | 2.13x | CN¥-763.61 Million |
| 2023 | 0.80% | 4.12% | 0.10x | 1.98x | CN¥-1.14 Billion |
| 2024 | -4.51% | -26.87% | 0.08x | 2.03x | CN¥-1.71 Billion |
Industry Comparison
This section compares Shanghai AJ Group Co Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $3,149,400,618
- Average return on equity (ROE) among peers: 6.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai AJ Group Co Ltd (600643) | CN¥11.96 Billion | 14.02% | 1.00x | $1.12 Billion |
| Zhuhai Huajin Capital Co Ltd (000532) | $1.62 Billion | 9.64% | 0.46x | $638.59 Million |
| Shaanxi International Trust Co Ltd (000563) | $223.65 Million | 32.17% | 6.22x | $2.44 Billion |
| Hainan Haide Industry Co Ltd (000567) | $129.41 Million | 19.17% | 1.22x | $1.91 Billion |
| Sichuan Shuangma Cement Co Ltd (000935) | $4.21 Billion | 17.30% | 0.15x | $2.99 Billion |
| Kunwu Jiuding Investment Holdings Co Ltd (600053) | $2.78 Billion | 2.23% | 0.19x | $688.97 Million |
| Sinolink Securities Co Ltd (600109) | $16.52 Billion | 14.29% | 2.41x | $4.86 Billion |
| Anhui Xinli Finance Co Ltd (600318) | $2.13 Billion | -14.12% | 1.04x | $588.97 Million |
| Shanghai Guijiu Co Ltd (600696) | $583.77 Million | -37.23% | 2.48x | $64.12 Million |
| Anxin Trust Co Ltd (600816) | $149.96 Million | 12.71% | 3.24x | $4.24 Billion |
About Shanghai AJ Group Co Ltd
Shanghai Aj Group Co.,Ltd provides wealth and asset management services primarily for the financial industry in China. It offers investment management, business and technical consulting, technical, property, engineering management, and enterprise management consulting. The company also provides industrial investment; domestic and international freight forwarding; domestic trade agency; parking an… Read more