Shanghai SMI Holding Co Ltd
Shanghai Chengtou Holding Co.,Ltd engages in the real estate development business in China. The company develops commercial housing, affordable housing, rental housing, office, commercial, and science and technology parks. It also involved in urban renewal, urban village renovation, and housing security system construction. Shanghai Chengtou Holding Co.,Ltd was founded in 1992 and is based in Sha… Read more
Shanghai SMI Holding Co Ltd (600649) - Net Assets
Latest net assets as of September 2025: CN¥21.92 Billion CNY
Based on the latest financial reports, Shanghai SMI Holding Co Ltd (600649) has net assets worth CN¥21.92 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¥85.80 Billion) and total liabilities (CN¥63.88 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¥21.92 Billion |
| % of Total Assets | 25.55% |
| Annual Growth Rate | 10.05% |
| 5-Year Change | 1.9% |
| 10-Year Change | 5.31% |
| Growth Volatility | 19.92 |
Shanghai SMI Holding Co Ltd - Net Assets Trend (1992–2024)
This chart illustrates how Shanghai SMI Holding Co Ltd'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 SMI Holding Co Ltd (1992–2024)
The table below shows the annual net assets of Shanghai SMI Holding Co Ltd from 1992 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥21.76 Billion | +0.76% |
| 2023-12-31 | CN¥21.59 Billion | +0.05% |
| 2022-12-31 | CN¥21.58 Billion | -3.06% |
| 2021-12-31 | CN¥22.26 Billion | +4.28% |
| 2020-12-31 | CN¥21.35 Billion | +4.17% |
| 2019-12-31 | CN¥20.49 Billion | +2.46% |
| 2018-12-31 | CN¥20.00 Billion | -1.72% |
| 2017-12-31 | CN¥20.35 Billion | -13.49% |
| 2016-12-31 | CN¥23.53 Billion | +13.88% |
| 2015-12-31 | CN¥20.66 Billion | +21.02% |
| 2014-12-31 | CN¥17.07 Billion | +10.94% |
| 2013-12-31 | CN¥15.39 Billion | +5.43% |
| 2012-12-31 | CN¥14.60 Billion | +8.50% |
| 2011-12-31 | CN¥13.45 Billion | +3.84% |
| 2010-12-31 | CN¥12.95 Billion | +14.46% |
| 2009-12-31 | CN¥11.32 Billion | +6.28% |
| 2008-12-31 | CN¥10.65 Billion | +48.76% |
| 2007-12-31 | CN¥7.16 Billion | +10.60% |
| 2006-12-31 | CN¥6.47 Billion | +6.69% |
| 2005-12-31 | CN¥6.07 Billion | +4.85% |
| 2004-12-31 | CN¥5.79 Billion | +6.22% |
| 2003-12-31 | CN¥5.45 Billion | +8.38% |
| 2002-12-31 | CN¥5.03 Billion | +5.81% |
| 2001-12-31 | CN¥4.75 Billion | +5.58% |
| 2000-12-31 | CN¥4.50 Billion | +2.22% |
| 1999-12-31 | CN¥4.40 Billion | +5.60% |
| 1998-12-31 | CN¥4.17 Billion | +4.76% |
| 1997-12-31 | CN¥3.98 Billion | +86.41% |
| 1996-12-31 | CN¥2.13 Billion | +34.97% |
| 1995-12-31 | CN¥1.58 Billion | -8.10% |
| 1994-12-31 | CN¥1.72 Billion | +3.91% |
| 1993-12-31 | CN¥1.66 Billion | +63.25% |
| 1992-12-31 | CN¥1.01 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shanghai SMI Holding 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 527167.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥14.52 Billion | 69.47% |
| Common Stock | CN¥2.53 Billion | 12.10% |
| Other Comprehensive Income | CN¥3.09 Billion | 14.78% |
| Other Components | CN¥761.69 Million | 3.64% |
| Total Equity | CN¥20.90 Billion | 100.00% |
Shanghai SMI Holding Co Ltd Competitors by Market Cap
The table below lists competitors of Shanghai SMI Holding Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BioLife Solutions Inc
NASDAQ:BLFS
|
$784.06 Million |
|
ASA Gold and Precious Metals Ltd
NYSE:ASA
|
$784.17 Million |
|
Da An Gene Co Ltd of Sun Yat-Sen University
SHE:002030
|
$784.18 Million |
|
NCAB Group
ST:NCAB
|
$784.83 Million |
|
Noah Holdings Ltd
NYSE:NOAH
|
$783.86 Million |
|
Zhejiang Founder Motor Co Ltd
SHE:002196
|
$783.79 Million |
|
Shanghai Runda Med Tech Co
SHG:603108
|
$783.77 Million |
|
Transmissora Aliança de Energia Elétrica S.A
SA:TAEE3
|
$783.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai SMI Holding Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 20,802,920,000 to 20,901,547,000, a change of 98,627,000 (0.5%).
- Net income of 242,712,916 contributed positively to equity growth.
- Dividend payments of 1,791,474,000 reduced retained earnings.
- Other comprehensive income increased equity by 6,183,055.
- Other factors increased equity by 1,641,205,029.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥242.71 Million | +1.16% |
| Dividends Paid | CN¥1.79 Billion | -8.57% |
| Other Comprehensive Income | CN¥6.18 Million | +0.03% |
| Other Changes | CN¥1.64 Billion | +7.85% |
| Total Change | CN¥- | 0.47% |
Book Value vs Market Value Analysis
This analysis compares Shanghai SMI Holding 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: 0.58x
- 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 7.21x to 0.58x 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¥0.68 | CN¥4.88 | x |
| 1994-12-31 | CN¥0.70 | CN¥4.88 | x |
| 1995-12-31 | CN¥0.65 | CN¥4.88 | x |
| 1996-12-31 | CN¥0.87 | CN¥4.88 | x |
| 1997-12-31 | CN¥1.62 | CN¥4.88 | x |
| 1998-12-31 | CN¥1.70 | CN¥4.88 | x |
| 1999-12-31 | CN¥1.80 | CN¥4.88 | x |
| 2000-12-31 | CN¥1.84 | CN¥4.88 | x |
| 2001-12-31 | CN¥1.94 | CN¥4.88 | x |
| 2002-12-31 | CN¥2.05 | CN¥4.88 | x |
| 2003-12-31 | CN¥2.23 | CN¥4.88 | x |
| 2004-12-31 | CN¥2.36 | CN¥4.88 | x |
| 2005-12-31 | CN¥2.48 | CN¥4.88 | x |
| 2006-12-31 | CN¥2.66 | CN¥4.88 | x |
| 2007-12-31 | CN¥3.54 | CN¥4.88 | x |
| 2008-12-31 | CN¥3.47 | CN¥4.88 | x |
| 2009-12-31 | CN¥3.67 | CN¥4.88 | x |
| 2010-12-31 | CN¥4.02 | CN¥4.88 | x |
| 2011-12-31 | CN¥4.27 | CN¥4.88 | x |
| 2012-12-31 | CN¥4.51 | CN¥4.88 | x |
| 2013-12-31 | CN¥4.76 | CN¥4.88 | x |
| 2014-12-31 | CN¥5.59 | CN¥4.88 | x |
| 2015-12-31 | CN¥6.49 | CN¥4.88 | x |
| 2016-12-31 | CN¥7.00 | CN¥4.88 | x |
| 2017-12-31 | CN¥7.16 | CN¥4.88 | x |
| 2018-12-31 | CN¥7.51 | CN¥4.88 | x |
| 2019-12-31 | CN¥7.63 | CN¥4.88 | x |
| 2020-12-31 | CN¥8.22 | CN¥4.88 | x |
| 2021-12-31 | CN¥8.05 | CN¥4.88 | x |
| 2022-12-31 | CN¥8.26 | CN¥4.88 | x |
| 2023-12-31 | CN¥8.51 | CN¥4.88 | x |
| 2024-12-31 | CN¥8.35 | CN¥4.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai SMI Holding 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): 1.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.57%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 4.05x
- Recent ROE (1.16%) is below the historical average (8.23%), 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 | 9.85% | 61.29% | 0.15x | 1.04x | CN¥-2.48 Million |
| 1994 | 11.91% | 55.37% | 0.19x | 1.11x | CN¥32.88 Million |
| 1995 | 12.36% | 53.96% | 0.14x | 1.64x | CN¥37.30 Million |
| 1996 | 10.02% | 52.22% | 0.11x | 1.71x | CN¥460.40K |
| 1997 | 10.68% | 55.36% | 0.14x | 1.33x | CN¥27.24 Million |
| 1998 | 9.58% | 46.19% | 0.16x | 1.28x | CN¥-17.52 Million |
| 1999 | 9.89% | 47.65% | 0.18x | 1.18x | CN¥-4.81 Million |
| 2000 | 9.04% | 50.27% | 0.11x | 1.57x | CN¥-43.38 Million |
| 2001 | 8.16% | 51.67% | 0.13x | 1.24x | CN¥-87.23 Million |
| 2002 | 7.97% | 51.06% | 0.12x | 1.28x | CN¥-101.91 Million |
| 2003 | 7.88% | 44.47% | 0.16x | 1.11x | CN¥-115.43 Million |
| 2004 | 7.19% | 42.84% | 0.15x | 1.09x | CN¥-162.47 Million |
| 2005 | 6.22% | 37.32% | 0.15x | 1.08x | CN¥-229.55 Million |
| 2006 | 9.16% | 50.07% | 0.17x | 1.10x | CN¥-54.62 Million |
| 2007 | 7.30% | 31.58% | 0.30x | 0.77x | CN¥-285.53 Million |
| 2008 | 12.28% | 40.60% | 0.18x | 1.71x | CN¥235.62 Million |
| 2009 | 6.92% | 23.19% | 0.16x | 1.84x | CN¥-338.96 Million |
| 2010 | 7.08% | 21.79% | 0.15x | 2.18x | CN¥-349.41 Million |
| 2011 | 8.67% | 23.46% | 0.17x | 2.17x | CN¥-168.21 Million |
| 2012 | 9.99% | 26.05% | 0.18x | 2.19x | CN¥-1.53 Million |
| 2013 | 9.66% | 39.20% | 0.10x | 2.41x | CN¥-48.10 Million |
| 2014 | 11.80% | 39.92% | 0.12x | 2.50x | CN¥300.50 Million |
| 2015 | 17.42% | 43.81% | 0.19x | 2.09x | CN¥1.55 Billion |
| 2016 | 9.28% | 31.05% | 0.15x | 1.98x | CN¥-161.88 Million |
| 2017 | 9.22% | 54.70% | 0.09x | 1.98x | CN¥-148.93 Million |
| 2018 | 5.46% | 14.90% | 0.19x | 1.95x | CN¥-854.53 Million |
| 2019 | 3.14% | 16.63% | 0.09x | 2.06x | CN¥-1.32 Billion |
| 2020 | 3.71% | 11.74% | 0.11x | 2.96x | CN¥-1.31 Billion |
| 2021 | 4.47% | 9.92% | 0.13x | 3.38x | CN¥-1.13 Billion |
| 2022 | 3.78% | 9.24% | 0.12x | 3.45x | CN¥-1.29 Billion |
| 2023 | 2.00% | 16.24% | 0.03x | 3.75x | CN¥-1.66 Billion |
| 2024 | 1.16% | 2.57% | 0.11x | 4.05x | CN¥-1.85 Billion |
Industry Comparison
This section compares Shanghai SMI Holding Co Ltd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $9,981,031,371
- Average return on equity (ROE) among peers: 6.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai SMI Holding Co Ltd (600649) | CN¥21.92 Billion | 9.85% | 2.91x | $784.03 Million |
| China Vanke Co Ltd Class A (000002) | $2.15 Billion | 10.68% | 1.09x | $5.28 Billion |
| Shenzhen Zhenye Group Co Ltd (000006) | $2.89 Billion | 15.02% | 1.88x | $1.04 Billion |
| Shahe Industry Co Ltd (000014) | $605.85 Million | 8.96% | 1.98x | $312.36 Million |
| Grandjoy Holdings Group Co Ltd (000031) | $52.09 Billion | 0.21% | 3.08x | $571.80 Million |
| China Union Holdings Ltd (000036) | $2.68 Billion | 2.58% | 1.41x | $356.29 Million |
| Shenzhen Centralcon Investment Holding Co Ltd (000042) | $1.74 Billion | 0.39% | 2.19x | $315.70 Million |
| Shenzhen Wongtee International Enterprise Co Ltd (000056) | $5.55 Billion | 0.90% | 1.24x | $213.53 Million |
| Financial Street Holdings Co Ltd (000402) | $31.13 Billion | 9.01% | 2.62x | $785.44 Million |
| Chongqing Yukaifa Co Ltd (000514) | $147.43 Million | 10.06% | 0.84x | $208.71 Million |
| Rongan Property Co Ltd (000517) | $819.92 Million | 2.19% | 0.80x | $214.19 Million |