Shanghai Waigaoqiao Free Trade Zone Group Co Ltd A (600648) - Net Assets

Latest as of September 2025: CN¥15.65 Billion CNY ≈ $2.29 Billion USD

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 (≈ $2.29 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¥45.53 Billion ≈ $6.66 Billion USD) and total liabilities (CN¥29.88 Billion ≈ $4.37 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 600648 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Shanghai Waigaoqiao Free Trade Zone Grou asset portfolio for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Shanghai Waigaoqiao Free Trade Zone Grou market cap and net worth.

Year Net Assets Change
2024-12-31 CN¥13.44 Billion
≈ $1.97 Billion		 +4.60%
2023-12-31 CN¥12.85 Billion
≈ $1.88 Billion		 +4.48%
2022-12-31 CN¥12.30 Billion
≈ $1.80 Billion		 +2.74%
2021-12-31 CN¥11.97 Billion
≈ $1.75 Billion		 +6.52%
2020-12-31 CN¥11.24 Billion
≈ $1.64 Billion		 +3.39%
2019-12-31 CN¥10.87 Billion
≈ $1.59 Billion		 +1.63%
2018-12-31 CN¥10.69 Billion
≈ $1.56 Billion		 +3.64%
2017-12-31 CN¥10.32 Billion
≈ $1.51 Billion		 +5.30%
2016-12-31 CN¥9.80 Billion
≈ $1.43 Billion		 +4.27%
2015-12-31 CN¥9.40 Billion
≈ $1.38 Billion		 +1.44%
2014-12-31 CN¥9.26 Billion
≈ $1.36 Billion		 +60.66%
2013-12-31 CN¥5.77 Billion
≈ $843.79 Million		 +7.51%
2012-12-31 CN¥5.36 Billion
≈ $784.85 Million		 +2.23%
2011-12-31 CN¥5.25 Billion
≈ $767.75 Million		 +2.25%
2010-12-31 CN¥5.13 Billion
≈ $750.82 Million		 +6.97%
2009-12-31 CN¥4.80 Billion
≈ $701.92 Million		 +20.49%
2008-12-31 CN¥3.98 Billion
≈ $582.54 Million		 +145.41%
2007-12-31 CN¥1.62 Billion
≈ $237.37 Million		 +39.53%
2006-12-31 CN¥1.16 Billion
≈ $170.12 Million		 +0.96%
2005-12-31 CN¥1.15 Billion
≈ $168.50 Million		 -16.81%
2004-12-31 CN¥1.38 Billion
≈ $202.56 Million		 +2.89%
2003-12-31 CN¥1.35 Billion
≈ $196.87 Million		 +2.16%
2002-12-31 CN¥1.32 Billion
≈ $192.70 Million		 -6.25%
2001-12-31 CN¥1.40 Billion
≈ $205.54 Million		 -1.45%
2000-12-31 CN¥1.43 Billion
≈ $208.57 Million		 +0.02%
1999-12-31 CN¥1.42 Billion
≈ $208.52 Million		 +4.16%
1998-12-31 CN¥1.37 Billion
≈ $200.20 Million		 -27.91%
1997-12-31 CN¥1.90 Billion
≈ $277.71 Million		 +7.97%
1996-12-31 CN¥1.76 Billion
≈ $257.21 Million		 +2.94%
1995-12-31 CN¥1.71 Billion
≈ $249.86 Million		 -12.98%
1994-12-31 CN¥1.96 Billion
≈ $287.11 Million		 +75.73%
1993-12-31 CN¥1.12 Billion
≈ $163.38 Million		 +156.93%
1992-12-31 CN¥434.55 Million
≈ $63.59 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
Shanxi Zhangze Electric Power Co Ltd
SHE:000767
 $1.70 Billion
Metrics Master Income Trust
AU:MXT
 $1.70 Billion
Chongqing Iron & Steel Co Ltd Class A
SHG:601005
 $1.70 Billion
Monarch Casino & Resort Inc
NASDAQ:MCRI
 $1.70 Billion
Acuren Corporation
NYSE:TIC
 $1.70 Billion
Formula
TA:FORTY
 $1.70 Billion
LANXESS Aktiengesellschaft
F:LXS
 $1.70 Billion
Jungfraubahn Holding AG
SW:JFN
 $1.70 Billion

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: 0.87x
  • 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 9.47x to 0.87x 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¥10.03 x
1994-12-31 CN¥1.79 CN¥10.03 x
1995-12-31 CN¥1.59 CN¥10.03 x
1996-12-31 CN¥1.65 CN¥10.03 x
1997-12-31 CN¥1.84 CN¥10.03 x
1998-12-31 CN¥1.98 CN¥10.03 x
1999-12-31 CN¥2.06 CN¥10.03 x
2000-12-31 CN¥2.06 CN¥10.03 x
2001-12-31 CN¥2.03 CN¥10.03 x
2002-12-31 CN¥1.88 CN¥10.03 x
2003-12-31 CN¥1.88 CN¥10.03 x
2004-12-31 CN¥1.99 CN¥10.03 x
2005-12-31 CN¥1.65 CN¥10.03 x
2006-12-31 CN¥1.67 CN¥10.03 x
2007-12-31 CN¥1.55 CN¥10.03 x
2008-12-31 CN¥3.48 CN¥10.03 x
2009-12-31 CN¥4.30 CN¥10.03 x
2010-12-31 CN¥4.54 CN¥10.03 x
2011-12-31 CN¥4.55 CN¥10.03 x
2012-12-31 CN¥4.95 CN¥10.03 x
2013-12-31 CN¥5.35 CN¥10.03 x
2014-12-31 CN¥8.15 CN¥10.03 x
2015-12-31 CN¥7.86 CN¥10.03 x
2016-12-31 CN¥8.34 CN¥10.03 x
2017-12-31 CN¥8.77 CN¥10.03 x
2018-12-31 CN¥8.97 CN¥10.03 x
2019-12-31 CN¥9.29 CN¥10.03 x
2020-12-31 CN¥9.65 CN¥10.03 x
2021-12-31 CN¥10.30 CN¥10.03 x
2022-12-31 CN¥10.56 CN¥10.03 x
2023-12-31 CN¥11.08 CN¥10.03 x
2024-12-31 CN¥11.50 CN¥10.03 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: $1,824,363,406
  • Average return on equity (ROE) among peers: 7.28%

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 $1.70 Billion
Shaanxi Jinye Science Technology and Education Group Co Ltd (000812) $667.69 Million 6.55% 0.61x $461.18 Million
Tungkong Inc (002117) $191.87 Million 25.29% 0.86x $781.70 Million
Eternal Asia Supply Chain Management Ltd (002183) $8.43 Billion 1.07% 3.97x $2.12 Billion
Hongbo Co Ltd (002229) $908.22 Million 3.05% 0.50x $1.19 Billion
Beijing Shengtong Printing Co Ltd (002599) $1.77 Billion 7.99% 0.51x $533.94 Million
Shanghai Nar Industrial Co Ltd (002825) $621.54 Million 9.97% 0.35x $499.27 Million
Xuchang Ketop Testing Research Ins (003008) $1.07 Billion 5.50% 0.08x $357.63 Million
Suzhou Electrical Apparatus Sci (300215) $2.05 Billion 6.25% 0.80x $938.31 Million
Trust Alliance Information Development Inc Ltd Shanghai (300469) $166.51 Million 0.00% 1.55x $2.17 Billion
Hunan Huakai Cultural and Creative Co Ltd (300592) $2.38 Billion 7.16% 0.87x $769.81 Million

About Shanghai Waigaoqiao Free Trade Zone Group Co Ltd A

SHG:600648 China Specialty Business Services
Market Cap
$1.70 Billion
CN¥11.63 Billion CNY
Market Cap Rank
#6863 Global
#1586 in China
Share Price
CN¥10.03
Change (1 day)
-5.38%
52-Week Range
CN¥9.91 - CN¥11.65
All Time High
CN¥26.51
Categories
Companies in China Specialty Business Services
About

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