Shanghai Sanmao Enterprise Group Co Ltd A (600689) - Net Assets

Latest as of March 2026: CN¥474.01 Million CNY ≈ $69.36 Million USD

Based on the latest financial reports, Shanghai Sanmao Enterprise Group Co Ltd A (600689) has net assets worth CN¥474.01 Million CNY (≈ $69.36 Million 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¥973.24 Million ≈ $142.42 Million USD) and total liabilities (CN¥499.24 Million ≈ $73.05 Million 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 600689 financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥474.01 Million
% of Total Assets	48.7%
Annual Growth Rate	2.07%
5-Year Change	7.26%
10-Year Change	7.65%
Growth Volatility	21.29

Shanghai Sanmao Enterprise Group Co Ltd A - Net Assets Trend (1993–2025)

This chart illustrates how Shanghai Sanmao Enterprise Group Co Ltd A's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Shanghai Sanmao Enterprise Group Co Ltd for the complete picture of this company's asset base.

Annual Net Assets for Shanghai Sanmao Enterprise Group Co Ltd A (1993–2025)

The table below shows the annual net assets of Shanghai Sanmao Enterprise Group Co Ltd A from 1993 to 2025. For live valuation and market cap data, see market cap of Shanghai Sanmao Enterprise Group Co Ltd .

Year	Net Assets	Change
2025-12-31	CN¥470.03 Million ≈ $68.78 Million	+1.88%
2024-12-31	CN¥461.37 Million ≈ $67.51 Million	+4.17%
2023-12-31	CN¥442.92 Million ≈ $64.81 Million	+4.14%
2022-12-31	CN¥425.32 Million ≈ $62.24 Million	-2.95%
2021-12-31	CN¥438.23 Million ≈ $64.13 Million	+2.77%
2020-12-31	CN¥426.43 Million ≈ $62.40 Million	-10.20%
2019-12-31	CN¥474.87 Million ≈ $69.49 Million	+0.95%
2018-12-31	CN¥470.41 Million ≈ $68.84 Million	+0.31%
2017-12-31	CN¥468.95 Million ≈ $68.62 Million	+7.40%
2016-12-31	CN¥436.64 Million ≈ $63.89 Million	+27.05%
2015-12-31	CN¥343.68 Million ≈ $50.29 Million	-18.31%
2014-12-31	CN¥420.72 Million ≈ $61.57 Million	+26.39%
2013-12-31	CN¥332.87 Million ≈ $48.71 Million	-11.93%
2012-12-31	CN¥377.94 Million ≈ $55.30 Million	-11.32%
2011-12-31	CN¥426.20 Million ≈ $62.37 Million	+2.38%
2010-12-31	CN¥416.29 Million ≈ $60.92 Million	+2.94%
2009-12-31	CN¥404.39 Million ≈ $59.18 Million	+6.41%
2008-12-31	CN¥380.02 Million ≈ $55.61 Million	-2.80%
2007-12-31	CN¥390.96 Million ≈ $57.21 Million	+80.18%
2006-12-31	CN¥216.99 Million ≈ $31.75 Million	-36.13%
2005-12-31	CN¥339.71 Million ≈ $49.71 Million	-0.44%
2004-12-31	CN¥341.23 Million ≈ $49.93 Million	-37.40%
2003-12-31	CN¥545.05 Million ≈ $79.76 Million	-1.97%
2002-12-31	CN¥556.00 Million ≈ $81.36 Million	+2.54%
2001-12-31	CN¥542.23 Million ≈ $79.35 Million	-10.00%
2000-12-31	CN¥602.47 Million ≈ $88.16 Million	+23.15%
1999-12-31	CN¥489.20 Million ≈ $71.59 Million	+6.66%
1998-12-31	CN¥458.67 Million ≈ $67.12 Million	+51.33%
1997-12-31	CN¥303.09 Million ≈ $44.35 Million	-2.27%
1996-12-31	CN¥310.13 Million ≈ $45.38 Million	+8.61%
1995-12-31	CN¥285.55 Million ≈ $41.79 Million	+3.70%
1994-12-31	CN¥275.36 Million ≈ $40.29 Million	+12.97%
1993-12-31	CN¥243.75 Million ≈ $35.67 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shanghai Sanmao Enterprise 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 24.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥11.66 Million	2.48%
Other Components	CN¥458.37 Million	97.52%
Total Equity	CN¥470.03 Million	100.00%

Shanghai Sanmao Enterprise Group Co Ltd A Competitors by Market Cap

The table below lists competitors of Shanghai Sanmao Enterprise Group Co Ltd A ranked by their market capitalization.

Company	Market Cap
Awfis Space Solutions Ltd NSE:AWFIS	$275.55 Million
Hydratec Industries NV AS:HYDRA	$275.57 Million
Patec Precision Industry Co Ltd TW:2236	$275.67 Million
Xperi Corp NYSE:XPER	$275.71 Million
Cerro de Pasco Resources Inc. V:CDPR	$275.42 Million
First Community Corporation NASDAQ:FCCO	$275.27 Million
Tudor Gold Corp V:TUD	$275.25 Million
Western New England Bancorp Inc NASDAQ:WNEB	$275.24 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shanghai Sanmao Enterprise Group Co Ltd A's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 461,633,882 to 470,032,704, a change of 8,398,822 (1.8%).
Net income of 11,413,692 contributed positively to equity growth.
Dividend payments of 3,322,350 reduced retained earnings.
Other comprehensive income decreased equity by 74,973,969.
Other factors increased equity by 75,281,449.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥11.41 Million	+2.43%
Dividends Paid	CN¥3.32 Million	-0.71%
Other Comprehensive Income	CN¥-74.97 Million	-15.95%
Other Changes	CN¥75.28 Million	+16.02%
Total Change	CN¥-	1.82%

Book Value vs Market Value Analysis

This analysis compares Shanghai Sanmao Enterprise 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: 5.29x
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 decreased from 10.18x to 5.29x 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¥1.21	CN¥12.37	x
1994-12-31	CN¥1.38	CN¥12.37	x
1995-12-31	CN¥1.37	CN¥12.37	x
1996-12-31	CN¥1.40	CN¥12.37	x
1997-12-31	CN¥1.43	CN¥12.37	x
1998-12-31	CN¥2.22	CN¥12.37	x
1999-12-31	CN¥2.41	CN¥12.37	x
2000-12-31	CN¥2.44	CN¥12.37	x
2001-12-31	CN¥2.43	CN¥12.37	x
2002-12-31	CN¥2.53	CN¥12.37	x
2003-12-31	CN¥2.58	CN¥12.37	x
2004-12-31	CN¥1.62	CN¥12.37	x
2005-12-31	CN¥1.66	CN¥12.37	x
2006-12-31	CN¥1.09	CN¥12.37	x
2007-12-31	CN¥1.93	CN¥12.37	x
2008-12-31	CN¥1.78	CN¥12.37	x
2009-12-31	CN¥1.99	CN¥12.37	x
2010-12-31	CN¥2.05	CN¥12.37	x
2011-12-31	CN¥1.98	CN¥12.37	x
2012-12-31	CN¥1.80	CN¥12.37	x
2013-12-31	CN¥1.58	CN¥12.37	x
2014-12-31	CN¥2.03	CN¥12.37	x
2015-12-31	CN¥1.61	CN¥12.37	x
2016-12-31	CN¥2.11	CN¥12.37	x
2017-12-31	CN¥2.22	CN¥12.37	x
2018-12-31	CN¥2.29	CN¥12.37	x
2019-12-31	CN¥2.31	CN¥12.37	x
2020-12-31	CN¥2.17	CN¥12.37	x
2021-12-31	CN¥2.23	CN¥12.37	x
2022-12-31	CN¥1.98	CN¥12.37	x
2023-12-31	CN¥2.27	CN¥12.37	x
2024-12-31	CN¥2.25	CN¥12.37	x
2025-12-31	CN¥2.34	CN¥12.37	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shanghai Sanmao Enterprise 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): 2.43%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.74%
• Asset Turnover: 1.43x
• Equity Multiplier: 2.29x
Recent ROE (2.43%) is above the historical average (0.31%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1993	11.58%	17.92%	0.41x	1.59x	CN¥3.83 Million
1994	12.01%	19.58%	0.41x	1.51x	CN¥5.52 Million
1995	7.40%	8.72%	0.51x	1.66x	CN¥-7.12 Million
1996	3.67%	3.70%	0.51x	1.96x	CN¥-17.66 Million
1997	0.62%	0.69%	0.45x	2.01x	CN¥-26.77 Million
1998	7.39%	12.66%	0.35x	1.65x	CN¥-11.57 Million
1999	8.49%	14.78%	0.34x	1.68x	CN¥-7.28 Million
2000	9.53%	6.98%	0.64x	2.12x	CN¥-2.30 Million
2001	0.41%	0.29%	0.61x	2.28x	CN¥-46.52 Million
2002	1.03%	0.56%	0.68x	2.71x	CN¥-45.33 Million
2003	1.66%	0.67%	1.03x	2.41x	CN¥-42.85 Million
2004	-58.71%	-13.71%	1.43x	2.98x	CN¥-222.51 Million
2005	2.21%	0.50%	1.73x	2.56x	CN¥-25.81 Million
2006	-51.74%	-7.52%	2.01x	3.42x	CN¥-135.63 Million
2007	26.74%	6.50%	1.69x	2.44x	CN¥64.95 Million
2008	8.43%	2.10%	1.69x	2.38x	CN¥-5.69 Million
2009	3.51%	1.03%	1.46x	2.34x	CN¥-25.17 Million
2010	3.91%	0.94%	1.35x	3.07x	CN¥-24.35 Million
2011	4.54%	0.75%	2.30x	2.63x	CN¥-22.27 Million
2012	-13.08%	-1.81%	2.22x	3.26x	CN¥-83.67 Million
2013	-14.60%	-2.85%	1.87x	2.74x	CN¥-79.44 Million
2014	14.78%	4.67%	1.56x	2.03x	CN¥19.40 Million
2015	-11.78%	-3.44%	1.48x	2.32x	CN¥-71.67 Million
2016	21.82%	8.03%	1.45x	1.87x	CN¥50.11 Million
2017	4.51%	1.62%	1.69x	1.64x	CN¥-25.19 Million
2018	2.34%	0.78%	1.87x	1.60x	CN¥-35.25 Million
2019	1.76%	0.60%	1.89x	1.56x	CN¥-38.27 Million
2020	-8.30%	-3.74%	1.38x	1.61x	CN¥-78.07 Million
2021	2.69%	1.35%	1.14x	1.76x	CN¥-32.04 Million
2022	-3.03%	-1.25%	1.29x	1.88x	CN¥-55.47 Million
2023	3.97%	1.61%	1.37x	1.80x	CN¥-26.72 Million
2024	4.00%	1.53%	1.32x	1.97x	CN¥-27.71 Million
2025	2.43%	0.74%	1.43x	2.29x	CN¥-35.59 Million

Industry Comparison

This section compares Shanghai Sanmao Enterprise Group Co Ltd A's net assets metrics with peer companies in the Textile Manufacturing industry.

Industry Context

Industry: Textile Manufacturing
Average net assets among peers: $2,648,339,172
Average return on equity (ROE) among peers: 0.39%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shanghai Sanmao Enterprise Group Co Ltd A (600689)	CN¥474.01 Million	11.58%	1.05x	$275.51 Million
Shenzhen Textile Holdings Co Ltd (000045)	$269.36 Million	7.73%	1.33x	$806.53 Million
Shijiazhuang Changshan Textile Co Ltd (000158)	$6.38 Billion	-1.83%	1.80x	$3.94 Billion
Jilin Chemical Fibre Co Ltd (000420)	$601.47 Million	-48.88%	4.05x	$1.66 Billion
Lu Thai Textile Co Ltd (000726)	$7.78 Billion	10.82%	0.31x	$517.32 Million
Anhui Huamao Textile Co Ltd (000850)	$1.11 Billion	9.13%	0.77x	$570.30 Million
Xinxiang Chemical Fiber Co Ltd (000949)	$3.57 Billion	3.22%	0.59x	$1.81 Billion
Xinlong Holding Group Co Ltd (000955)	$755.81 Million	6.01%	0.76x	$344.29 Million
Huafu Top Dyed Melange Yarn Co Ltd (002042)	$3.12 Billion	2.91%	1.57x	$1.15 Billion
Sunvim Group Co Ltd (002083)	$1.13 Billion	11.16%	2.94x	$1.41 Billion
Hongda High-Tech Holding Co Ltd (002144)	$1.77 Billion	3.62%	0.10x	$328.76 Million

About Shanghai Sanmao Enterprise Group Co Ltd A

SHG:600689 China Textile Manufacturing

Market Cap

$275.51 Million

CN¥1.88 Billion CNY

Market Cap Rank

#15436 Global

#4603 in China

Share Price

CN¥12.37

Change (1 day)

-2.37%

52-Week Range

CN¥11.44 - CN¥16.05

All Time High

CN¥25.81