Shanghai Waigaoqiao Free Trade Zone Group Co Ltd A
Shanghai Waigaoqiao Free Trade Zone Group Co., Ltd. engages in the trade and logistic, and real estate development business in China. The company is also involved in the investment, construction, operation, and industrial organization of factories, warehouses, and office buildings, as well as urban renewal operation. In addition, it provides trade service solutions, including import and export ag… Read more
Shanghai Waigaoqiao Free Trade Zone Group Co Ltd A (600648) - Net Assets
Latest net assets as of September 2025: CN¥15.65 Billion CNY
Based on the latest financial reports, Shanghai Waigaoqiao Free Trade Zone Group Co Ltd A (600648) has net assets worth CN¥15.65 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¥45.53 Billion) and total liabilities (CN¥29.88 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¥15.65 Billion |
| % of Total Assets | 34.37% |
| Annual Growth Rate | 11.32% |
| 5-Year Change | 19.59% |
| 10-Year Change | 42.99% |
| Growth Volatility | 39.78 |
Shanghai Waigaoqiao Free Trade Zone Group Co Ltd A - Net Assets Trend (1992–2024)
This chart illustrates how Shanghai Waigaoqiao Free Trade Zone Group Co Ltd A'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 Waigaoqiao Free Trade Zone Group Co Ltd A (1992–2024)
The table below shows the annual net assets of Shanghai Waigaoqiao Free Trade Zone Group Co Ltd A from 1992 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥13.44 Billion | +4.60% |
| 2023-12-31 | CN¥12.85 Billion | +4.48% |
| 2022-12-31 | CN¥12.30 Billion | +2.74% |
| 2021-12-31 | CN¥11.97 Billion | +6.52% |
| 2020-12-31 | CN¥11.24 Billion | +3.39% |
| 2019-12-31 | CN¥10.87 Billion | +1.63% |
| 2018-12-31 | CN¥10.69 Billion | +3.64% |
| 2017-12-31 | CN¥10.32 Billion | +5.30% |
| 2016-12-31 | CN¥9.80 Billion | +4.27% |
| 2015-12-31 | CN¥9.40 Billion | +1.44% |
| 2014-12-31 | CN¥9.26 Billion | +60.66% |
| 2013-12-31 | CN¥5.77 Billion | +7.51% |
| 2012-12-31 | CN¥5.36 Billion | +2.23% |
| 2011-12-31 | CN¥5.25 Billion | +2.25% |
| 2010-12-31 | CN¥5.13 Billion | +6.97% |
| 2009-12-31 | CN¥4.80 Billion | +20.49% |
| 2008-12-31 | CN¥3.98 Billion | +145.41% |
| 2007-12-31 | CN¥1.62 Billion | +39.53% |
| 2006-12-31 | CN¥1.16 Billion | +0.96% |
| 2005-12-31 | CN¥1.15 Billion | -16.81% |
| 2004-12-31 | CN¥1.38 Billion | +2.89% |
| 2003-12-31 | CN¥1.35 Billion | +2.16% |
| 2002-12-31 | CN¥1.32 Billion | -6.25% |
| 2001-12-31 | CN¥1.40 Billion | -1.45% |
| 2000-12-31 | CN¥1.43 Billion | +0.02% |
| 1999-12-31 | CN¥1.42 Billion | +4.16% |
| 1998-12-31 | CN¥1.37 Billion | -27.91% |
| 1997-12-31 | CN¥1.90 Billion | +7.97% |
| 1996-12-31 | CN¥1.76 Billion | +2.94% |
| 1995-12-31 | CN¥1.71 Billion | -12.98% |
| 1994-12-31 | CN¥1.96 Billion | +75.73% |
| 1993-12-31 | CN¥1.12 Billion | +156.93% |
| 1992-12-31 | CN¥434.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shanghai Waigaoqiao Free Trade Zone Group Co Ltd A'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 17376.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥7.13 Billion | 54.75% |
| Common Stock | CN¥1.14 Billion | 8.71% |
| Other Comprehensive Income | CN¥1.29 Billion | 9.91% |
| Other Components | CN¥3.47 Billion | 26.62% |
| Total Equity | CN¥13.03 Billion | 100.00% |
Shanghai Waigaoqiao Free Trade Zone Group Co Ltd A Competitors by Market Cap
The table below lists competitors of Shanghai Waigaoqiao Free Trade Zone Group Co Ltd A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Chinafortune Co Ltd
SHG:600621
|
$969.43 Million |
|
Yunnan Botanee Bio-Technology Group Co Ltd
SHE:300957
|
$969.48 Million |
|
IRB Infrastructure Developers Limited
NSE:IRB
|
$969.73 Million |
|
Guangxi Wuzhou Zhongheng Group Co Ltd
SHG:600252
|
$969.96 Million |
|
BNP PARIBAS BK POLSKA ZY1
F:82MA
|
$968.68 Million |
|
Techwing Inc
KQ:089030
|
$968.44 Million |
|
Aya Gold & Silver Inc.
PINK:AYASF
|
$968.26 Million |
|
Kinh Bac City Development Share Holding Corp
VN:KBC
|
$968.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Waigaoqiao Free Trade Zone Group Co Ltd A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,545,980,111 to 13,030,399,618, a change of 484,419,507 (3.9%).
- Net income of 951,434,363 contributed positively to equity growth.
- Dividend payments of 1,060,326,897 reduced retained earnings.
- Other comprehensive income increased equity by 68,916,793.
- Other factors increased equity by 524,395,248.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥951.43 Million | +7.3% |
| Dividends Paid | CN¥1.06 Billion | -8.14% |
| Other Comprehensive Income | CN¥68.92 Million | +0.53% |
| Other Changes | CN¥524.40 Million | +4.02% |
| Total Change | CN¥- | 3.86% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Waigaoqiao Free Trade Zone Group Co Ltd A'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: 0.90x
- 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 9.83x to 0.90x 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¥1.06 | CN¥10.41 | x |
| 1994-12-31 | CN¥1.79 | CN¥10.41 | x |
| 1995-12-31 | CN¥1.59 | CN¥10.41 | x |
| 1996-12-31 | CN¥1.65 | CN¥10.41 | x |
| 1997-12-31 | CN¥1.84 | CN¥10.41 | x |
| 1998-12-31 | CN¥1.98 | CN¥10.41 | x |
| 1999-12-31 | CN¥2.06 | CN¥10.41 | x |
| 2000-12-31 | CN¥2.06 | CN¥10.41 | x |
| 2001-12-31 | CN¥2.03 | CN¥10.41 | x |
| 2002-12-31 | CN¥1.88 | CN¥10.41 | x |
| 2003-12-31 | CN¥1.88 | CN¥10.41 | x |
| 2004-12-31 | CN¥1.99 | CN¥10.41 | x |
| 2005-12-31 | CN¥1.65 | CN¥10.41 | x |
| 2006-12-31 | CN¥1.67 | CN¥10.41 | x |
| 2007-12-31 | CN¥1.55 | CN¥10.41 | x |
| 2008-12-31 | CN¥3.48 | CN¥10.41 | x |
| 2009-12-31 | CN¥4.30 | CN¥10.41 | x |
| 2010-12-31 | CN¥4.54 | CN¥10.41 | x |
| 2011-12-31 | CN¥4.55 | CN¥10.41 | x |
| 2012-12-31 | CN¥4.95 | CN¥10.41 | x |
| 2013-12-31 | CN¥5.35 | CN¥10.41 | x |
| 2014-12-31 | CN¥8.15 | CN¥10.41 | x |
| 2015-12-31 | CN¥7.86 | CN¥10.41 | x |
| 2016-12-31 | CN¥8.34 | CN¥10.41 | x |
| 2017-12-31 | CN¥8.77 | CN¥10.41 | x |
| 2018-12-31 | CN¥8.97 | CN¥10.41 | x |
| 2019-12-31 | CN¥9.29 | CN¥10.41 | x |
| 2020-12-31 | CN¥9.65 | CN¥10.41 | x |
| 2021-12-31 | CN¥10.30 | CN¥10.41 | x |
| 2022-12-31 | CN¥10.56 | CN¥10.41 | x |
| 2023-12-31 | CN¥11.08 | CN¥10.41 | x |
| 2024-12-31 | CN¥11.50 | CN¥10.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Waigaoqiao Free Trade Zone Group Co Ltd A 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): 7.30%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.14%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 3.54x
- Recent ROE (7.30%) is above the historical average (6.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 31.23% | 30.61% | 0.30x | 3.42x | CN¥154.06 Million |
| 1994 | 17.99% | 29.35% | 0.22x | 2.84x | CN¥98.19 Million |
| 1995 | 11.16% | 25.87% | 0.13x | 3.33x | CN¥12.62 Million |
| 1996 | 10.07% | 17.57% | 0.16x | 3.51x | CN¥801.93K |
| 1997 | 10.43% | 15.94% | 0.19x | 3.46x | CN¥5.42 Million |
| 1998 | 8.16% | 74.32% | 0.06x | 1.95x | CN¥-24.89 Million |
| 1999 | 2.16% | 25.80% | 0.04x | 2.07x | CN¥-110.67 Million |
| 2000 | 0.99% | 15.05% | 0.03x | 1.98x | CN¥-127.34 Million |
| 2001 | 0.66% | 4.51% | 0.07x | 2.09x | CN¥-129.97 Million |
| 2002 | -9.74% | -69.23% | 0.06x | 2.34x | CN¥-253.82 Million |
| 2003 | 1.94% | 7.04% | 0.11x | 2.51x | CN¥-103.75 Million |
| 2004 | 4.30% | 11.64% | 0.13x | 2.88x | CN¥-77.78 Million |
| 2005 | -18.10% | -59.78% | 0.08x | 3.65x | CN¥-317.15 Million |
| 2006 | -1.56% | -3.70% | 0.12x | 3.64x | CN¥-131.98 Million |
| 2007 | 12.22% | 2.69% | 1.16x | 3.91x | CN¥34.93 Million |
| 2008 | 6.90% | 2.83% | 0.47x | 5.19x | CN¥-108.50 Million |
| 2009 | 8.16% | 5.11% | 0.32x | 4.99x | CN¥-79.40 Million |
| 2010 | 14.53% | 7.46% | 0.37x | 5.26x | CN¥206.64 Million |
| 2011 | 7.69% | 4.31% | 0.34x | 5.17x | CN¥-107.17 Million |
| 2012 | 8.90% | 6.03% | 0.30x | 4.95x | CN¥-54.62 Million |
| 2013 | 10.09% | 7.71% | 0.28x | 4.63x | CN¥4.91 Million |
| 2014 | 7.85% | 8.99% | 0.30x | 2.94x | CN¥-190.88 Million |
| 2015 | 5.98% | 6.76% | 0.28x | 3.21x | CN¥-362.48 Million |
| 2016 | 7.67% | 8.35% | 0.29x | 3.14x | CN¥-219.13 Million |
| 2017 | 7.64% | 8.42% | 0.29x | 3.08x | CN¥-234.61 Million |
| 2018 | 8.03% | 10.49% | 0.25x | 3.05x | CN¥-200.70 Million |
| 2019 | 8.30% | 9.72% | 0.26x | 3.30x | CN¥-179.67 Million |
| 2020 | 6.59% | 7.06% | 0.26x | 3.59x | CN¥-374.11 Million |
| 2021 | 8.02% | 10.55% | 0.21x | 3.69x | CN¥-231.79 Million |
| 2022 | 10.35% | 13.49% | 0.22x | 3.48x | CN¥41.42 Million |
| 2023 | 7.40% | 12.07% | 0.17x | 3.56x | CN¥-326.07 Million |
| 2024 | 7.30% | 13.14% | 0.16x | 3.54x | CN¥-351.61 Million |
Industry Comparison
This section compares Shanghai Waigaoqiao Free Trade Zone Group Co Ltd A's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $1,023,358,595
- Average return on equity (ROE) among peers: 6.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Waigaoqiao Free Trade Zone Group Co Ltd A (600648) | CN¥15.65 Billion | 31.23% | 1.91x | $969.35 Million |
| Shaanxi Jinye Science Technology and Education Group Co Ltd (000812) | $406.57 Million | 9.85% | 0.70x | $310.62 Million |
| Tungkong Inc (002117) | $211.00 Million | 24.79% | 1.36x | $504.60 Million |
| Eternal Asia Supply Chain Management Ltd (002183) | $1.21 Billion | 12.38% | 3.22x | $1.26 Billion |
| Hongbo Co Ltd (002229) | $1.34 Billion | -21.81% | 1.32x | $1.12 Billion |
| Beijing Shengtong Printing Co Ltd (002599) | $147.72 Million | 16.68% | 1.56x | $346.10 Million |
| Shanghai Nar Industrial Co Ltd (002825) | $1.53 Billion | 8.27% | 0.67x | $277.42 Million |
| Xuchang Ketop Testing Research Ins (003008) | $1.00 Billion | 7.40% | 0.05x | $153.91 Million |
| Suzhou Electrical Apparatus Sci (300215) | $1.83 Billion | 4.73% | 1.24x | $356.39 Million |
| Trust Alliance Information Development Inc Ltd Shanghai (300469) | $166.51 Million | 0.00% | 1.55x | $1.97 Billion |
| Hunan Huakai Cultural and Creative Co Ltd (300592) | $2.38 Billion | 7.16% | 0.87x | $289.91 Million |