Shanghai SMI Holding Co Ltd (600649) - Net Assets
Based on the latest financial reports, Shanghai SMI Holding Co Ltd (600649) has net assets worth CN¥21.91 Billion CNY (≈ $3.21 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥80.53 Billion ≈ $11.78 Billion USD) and total liabilities (CN¥58.62 Billion ≈ $8.58 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 SMI Holding Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥21.91 Billion |
| % of Total Assets | 27.2% |
| Annual Growth Rate | 9.76% |
| 5-Year Change | -1.66% |
| 10-Year Change | -6.93% |
| Growth Volatility | 19.7 |
Shanghai SMI Holding Co Ltd - Net Assets Trend (1992–2025)
This chart illustrates how Shanghai SMI Holding Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Shanghai SMI Holding Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shanghai SMI Holding Co Ltd (1992–2025)
The table below shows the annual net assets of Shanghai SMI Holding Co Ltd from 1992 to 2025. For live valuation and market cap data, see Shanghai SMI Holding Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥21.89 Billion ≈ $3.20 Billion |
+0.64% |
| 2024-12-31 | CN¥21.76 Billion ≈ $3.18 Billion |
+0.76% |
| 2023-12-31 | CN¥21.59 Billion ≈ $3.16 Billion |
+0.05% |
| 2022-12-31 | CN¥21.58 Billion ≈ $3.16 Billion |
-3.06% |
| 2021-12-31 | CN¥22.26 Billion ≈ $3.26 Billion |
+4.28% |
| 2020-12-31 | CN¥21.35 Billion ≈ $3.12 Billion |
+4.17% |
| 2019-12-31 | CN¥20.49 Billion ≈ $3.00 Billion |
+2.46% |
| 2018-12-31 | CN¥20.00 Billion ≈ $2.93 Billion |
-1.72% |
| 2017-12-31 | CN¥20.35 Billion ≈ $2.98 Billion |
-13.49% |
| 2016-12-31 | CN¥23.53 Billion ≈ $3.44 Billion |
+13.88% |
| 2015-12-31 | CN¥20.66 Billion ≈ $3.02 Billion |
+21.02% |
| 2014-12-31 | CN¥17.07 Billion ≈ $2.50 Billion |
+10.94% |
| 2013-12-31 | CN¥15.39 Billion ≈ $2.25 Billion |
+5.43% |
| 2012-12-31 | CN¥14.60 Billion ≈ $2.14 Billion |
+8.50% |
| 2011-12-31 | CN¥13.45 Billion ≈ $1.97 Billion |
+3.84% |
| 2010-12-31 | CN¥12.95 Billion ≈ $1.90 Billion |
+14.46% |
| 2009-12-31 | CN¥11.32 Billion ≈ $1.66 Billion |
+6.28% |
| 2008-12-31 | CN¥10.65 Billion ≈ $1.56 Billion |
+48.76% |
| 2007-12-31 | CN¥7.16 Billion ≈ $1.05 Billion |
+10.60% |
| 2006-12-31 | CN¥6.47 Billion ≈ $947.14 Million |
+6.69% |
| 2005-12-31 | CN¥6.07 Billion ≈ $887.74 Million |
+4.85% |
| 2004-12-31 | CN¥5.79 Billion ≈ $846.69 Million |
+6.22% |
| 2003-12-31 | CN¥5.45 Billion ≈ $797.10 Million |
+8.38% |
| 2002-12-31 | CN¥5.03 Billion ≈ $735.45 Million |
+5.81% |
| 2001-12-31 | CN¥4.75 Billion ≈ $695.09 Million |
+5.58% |
| 2000-12-31 | CN¥4.50 Billion ≈ $658.34 Million |
+2.22% |
| 1999-12-31 | CN¥4.40 Billion ≈ $644.03 Million |
+5.60% |
| 1998-12-31 | CN¥4.17 Billion ≈ $609.88 Million |
+4.76% |
| 1997-12-31 | CN¥3.98 Billion ≈ $582.18 Million |
+86.41% |
| 1996-12-31 | CN¥2.13 Billion ≈ $312.31 Million |
+34.97% |
| 1995-12-31 | CN¥1.58 Billion ≈ $231.40 Million |
-8.10% |
| 1994-12-31 | CN¥1.72 Billion ≈ $251.81 Million |
+3.91% |
| 1993-12-31 | CN¥1.66 Billion ≈ $242.33 Million |
+63.25% |
| 1992-12-31 | CN¥1.01 Billion ≈ $148.45 Million |
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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 534034.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥14.71 Billion | 69.93% |
| Common Stock | CN¥2.50 Billion | 11.91% |
| Other Comprehensive Income | CN¥3.09 Billion | 14.71% |
| Other Components | CN¥726.90 Million | 3.46% |
| Total Equity | CN¥21.04 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 |
|---|---|
|
OC OERL.CORP ADR 2 SF 1
F:OBH0
|
$1.31 Billion |
|
Anhui Estone Materials Technology Co Ltd
SHG:688733
|
$1.31 Billion |
|
Laobaixing Pharmacy
SHG:603883
|
$1.31 Billion |
|
Sk Gas
KO:018670
|
$1.31 Billion |
|
Dampskibsselskabet Norden AS
CO:DNORD
|
$1.31 Billion |
|
Grupo Aeroméxico S.A.B. de C.V
MX:AEROMEX
|
$1.31 Billion |
|
Couchbase Inc
NASDAQ:BASE
|
$1.31 Billion |
|
Wuhan East Lake High Technology Group Co Ltd
SHG:600133
|
$1.31 Billion |
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 2024 to 2025, total equity changed from 20,901,547,000 to 21,035,770,444, a change of 134,223,444 (0.6%).
- Net income of 29,046,380,000 contributed positively to equity growth.
- Dividend payments of 100,180,030 reduced retained earnings.
- Share repurchases of 59,862,581 reduced equity.
- Other comprehensive income increased equity by 4,968,440.
- Other factors decreased equity by 28,757,082,385.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥29.05 Billion | +138.08% |
| Dividends Paid | CN¥100.18 Million | -0.48% |
| Share Repurchases | CN¥59.86 Million | -0.28% |
| Other Comprehensive Income | CN¥4.97 Million | +0.02% |
| Other Changes | CN¥-28.76 Billion | -136.71% |
| Total Change | CN¥- | 0.64% |
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: 41.19x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 5.29x to 41.19x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | CN¥0.68 | CN¥3.58 | x |
| 1994-12-31 | CN¥0.70 | CN¥3.58 | x |
| 1995-12-31 | CN¥0.65 | CN¥3.58 | x |
| 1996-12-31 | CN¥0.87 | CN¥3.58 | x |
| 1997-12-31 | CN¥1.62 | CN¥3.58 | x |
| 1998-12-31 | CN¥1.70 | CN¥3.58 | x |
| 1999-12-31 | CN¥1.80 | CN¥3.58 | x |
| 2000-12-31 | CN¥1.84 | CN¥3.58 | x |
| 2001-12-31 | CN¥1.94 | CN¥3.58 | x |
| 2002-12-31 | CN¥2.05 | CN¥3.58 | x |
| 2003-12-31 | CN¥2.23 | CN¥3.58 | x |
| 2004-12-31 | CN¥2.36 | CN¥3.58 | x |
| 2005-12-31 | CN¥2.48 | CN¥3.58 | x |
| 2006-12-31 | CN¥2.66 | CN¥3.58 | x |
| 2007-12-31 | CN¥3.54 | CN¥3.58 | x |
| 2008-12-31 | CN¥3.47 | CN¥3.58 | x |
| 2009-12-31 | CN¥3.67 | CN¥3.58 | x |
| 2010-12-31 | CN¥4.02 | CN¥3.58 | x |
| 2011-12-31 | CN¥4.27 | CN¥3.58 | x |
| 2012-12-31 | CN¥4.51 | CN¥3.58 | x |
| 2013-12-31 | CN¥4.76 | CN¥3.58 | x |
| 2014-12-31 | CN¥5.59 | CN¥3.58 | x |
| 2015-12-31 | CN¥6.49 | CN¥3.58 | x |
| 2016-12-31 | CN¥7.00 | CN¥3.58 | x |
| 2017-12-31 | CN¥7.16 | CN¥3.58 | x |
| 2018-12-31 | CN¥7.51 | CN¥3.58 | x |
| 2019-12-31 | CN¥7.63 | CN¥3.58 | x |
| 2020-12-31 | CN¥8.22 | CN¥3.58 | x |
| 2021-12-31 | CN¥8.05 | CN¥3.58 | x |
| 2022-12-31 | CN¥8.26 | CN¥3.58 | x |
| 2023-12-31 | CN¥8.51 | CN¥3.58 | x |
| 2024-12-31 | CN¥8.35 | CN¥3.58 | x |
| 2025-12-31 | CN¥0.09 | CN¥3.58 | 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): 138.08%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 201.50%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 3.87x
- Recent ROE (138.08%) is above the historical average (12.16%), indicating improving 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 |
| 2025 | 138.08% | 201.50% | 0.18x | 3.87x | CN¥26.94 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: $45,889,397,120
- Average return on equity (ROE) among peers: -0.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai SMI Holding Co Ltd (600649) | CN¥21.91 Billion | 9.85% | 2.68x | $1.31 Billion |
| China Vanke Co Ltd Class A (000002) | $392.77 Billion | 5.73% | 3.94x | $4.35 Billion |
| Shenzhen Zhenye Group Co Ltd (000006) | $1.31 Billion | 8.54% | 2.20x | $1.62 Billion |
| Shenzhen Properties & Resources Development Group Ltd (000011) | $662.30 Million | 14.64% | 3.28x | $566.74 Million |
| Shahe Industry Co Ltd (000014) | $351.64 Million | 8.97% | 1.85x | $351.71 Million |
| Grandjoy Holdings Group Co Ltd (000031) | $11.09 Billion | 5.86% | 3.99x | $1.46 Billion |
| China Union Holdings Ltd (000036) | $5.95 Billion | 0.68% | 0.28x | $1.01 Billion |
| Shenzhen Centralcon Investment Holding Co Ltd (000042) | $1.74 Billion | 0.39% | 2.19x | $868.76 Million |
| Shenzhen Wongtee International Enterprise Co Ltd (000056) | $2.10 Billion | -58.50% | 3.83x | $229.54 Million |
| Financial Street Holdings Co Ltd (000402) | $39.81 Billion | 6.28% | 3.25x | $1.17 Billion |
| Chongqing Yukaifa Co Ltd (000514) | $3.11 Billion | 4.07% | 1.45x | $485.24 Million |
About Shanghai SMI Holding Co Ltd
Shanghai Chengtou Holding Co., Ltd., together with its subsidiaries, engages in the real estate business in China. The company develops, operates, manages, and invests in various properties, including commercial and rental housing, science and technology parks, urban historical and cultural protection blocks, and hotels. It is also involved in equity investment; property management; and food and … Read more