Dashang Co Ltd
Dashang Co., Ltd. operates a chain of department stores, supermarkets, and electrical appliance stores in China. It also sells its products through online. Dashang Co., Ltd. was founded in 1992 and is headquartered in Dalian, China.
Dashang Co Ltd (600694) - Net Assets
Latest net assets as of September 2025: CN¥9.14 Billion CNY
Based on the latest financial reports, Dashang Co Ltd (600694) has net assets worth CN¥9.14 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¥17.45 Billion) and total liabilities (CN¥8.30 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¥9.14 Billion |
| % of Total Assets | 52.4% |
| Annual Growth Rate | 18.05% |
| 5-Year Change | -5.93% |
| 10-Year Change | 35.68% |
| Growth Volatility | 60.51 |
Dashang Co Ltd - Net Assets Trend (1990–2024)
This chart illustrates how Dashang 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 Dashang Co Ltd (1990–2024)
The table below shows the annual net assets of Dashang Co Ltd from 1990 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥9.01 Billion | +3.93% |
| 2023-12-31 | CN¥8.67 Billion | +4.79% |
| 2022-12-31 | CN¥8.27 Billion | -8.67% |
| 2021-12-31 | CN¥9.05 Billion | -5.43% |
| 2020-12-31 | CN¥9.57 Billion | +3.28% |
| 2019-12-31 | CN¥9.27 Billion | +10.95% |
| 2018-12-31 | CN¥8.35 Billion | +9.09% |
| 2017-12-31 | CN¥7.66 Billion | +8.19% |
| 2016-12-31 | CN¥7.08 Billion | +6.64% |
| 2015-12-31 | CN¥6.64 Billion | +4.69% |
| 2014-12-31 | CN¥6.34 Billion | +15.30% |
| 2013-12-31 | CN¥5.50 Billion | +19.67% |
| 2012-12-31 | CN¥4.60 Billion | +20.51% |
| 2011-12-31 | CN¥3.81 Billion | +19.25% |
| 2010-12-31 | CN¥3.20 Billion | +2.84% |
| 2009-12-31 | CN¥3.11 Billion | -3.23% |
| 2008-12-31 | CN¥3.21 Billion | +7.66% |
| 2007-12-31 | CN¥2.98 Billion | +13.49% |
| 2006-12-31 | CN¥2.63 Billion | +8.33% |
| 2005-12-31 | CN¥2.43 Billion | +18.94% |
| 2004-12-31 | CN¥2.04 Billion | +45.20% |
| 2003-12-31 | CN¥1.41 Billion | +7.99% |
| 2002-12-31 | CN¥1.30 Billion | +3.43% |
| 2001-12-31 | CN¥1.26 Billion | +51.72% |
| 2000-12-31 | CN¥829.29 Million | +4.53% |
| 1999-12-31 | CN¥793.36 Million | +79.65% |
| 1998-12-31 | CN¥441.61 Million | +3.72% |
| 1997-12-31 | CN¥425.76 Million | +16.31% |
| 1996-12-31 | CN¥366.06 Million | +17.78% |
| 1995-12-31 | CN¥310.80 Million | +11.57% |
| 1994-12-31 | CN¥278.55 Million | +15.29% |
| 1993-12-31 | CN¥241.61 Million | +356.89% |
| 1992-12-31 | CN¥52.88 Million | +53.64% |
| 1991-12-31 | CN¥34.42 Million | +7.91% |
| 1990-12-31 | CN¥31.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dashang 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 698249313200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.98 Billion | 80.29% |
| Common Stock | CN¥313.05 Million | 3.60% |
| Other Comprehensive Income | CN¥1.40 Billion | 16.11% |
| Total Equity | CN¥8.70 Billion | 100.00% |
Dashang Co Ltd Competitors by Market Cap
The table below lists competitors of Dashang Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eco World Develop Group
KLSE:8206
|
$502.55 Million |
|
Empresa Nacional de Telecomunicaciones SA
SN:ENTEL
|
$502.66 Million |
|
Shanghai Jiao Yun Group Co Ltd
SHG:600676
|
$502.73 Million |
|
Qingdao Kingking Applied Chemistry Co Ltd
SHE:002094
|
$502.87 Million |
|
Daheng New Epoch Technology Inc
SHG:600288
|
$502.29 Million |
|
Shandong Weida Machinery Co Ltd
SHE:002026
|
$501.94 Million |
|
RemeGen Co. Ltd
PINK:REGMF
|
$501.91 Million |
|
Kaili Catalyst & New Materials Co. Ltd. A
SHG:688269
|
$501.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dashang Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,395,828,401 to 8,696,553,964, a change of 300,725,563 (3.6%).
- Net income of 586,203,927 contributed positively to equity growth.
- Dividend payments of 284,593,246 reduced retained earnings.
- Other comprehensive income increased equity by 2,594,859.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥586.20 Million | +6.74% |
| Dividends Paid | CN¥284.59 Million | -3.27% |
| Other Comprehensive Income | CN¥2.59 Million | +0.03% |
| Other Changes | CN¥-3.48 Million | -0.04% |
| Total Change | CN¥- | 3.58% |
Book Value vs Market Value Analysis
This analysis compares Dashang 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: 0.64x
- 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 163.51x to 0.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1990-12-31 | CN¥0.11 | CN¥17.70 | x |
| 1991-12-31 | CN¥0.12 | CN¥17.70 | x |
| 1992-12-31 | CN¥0.18 | CN¥17.70 | x |
| 1993-12-31 | CN¥0.82 | CN¥17.70 | x |
| 1994-12-31 | CN¥0.94 | CN¥17.70 | x |
| 1995-12-31 | CN¥1.05 | CN¥17.70 | x |
| 1996-12-31 | CN¥1.24 | CN¥17.70 | x |
| 1997-12-31 | CN¥1.44 | CN¥17.70 | x |
| 1998-12-31 | CN¥1.49 | CN¥17.70 | x |
| 1999-12-31 | CN¥2.66 | CN¥17.70 | x |
| 2000-12-31 | CN¥2.76 | CN¥17.70 | x |
| 2001-12-31 | CN¥4.17 | CN¥17.70 | x |
| 2002-12-31 | CN¥4.30 | CN¥17.70 | x |
| 2003-12-31 | CN¥4.62 | CN¥17.70 | x |
| 2004-12-31 | CN¥6.07 | CN¥17.70 | x |
| 2005-12-31 | CN¥8.04 | CN¥17.70 | x |
| 2006-12-31 | CN¥8.74 | CN¥17.70 | x |
| 2007-12-31 | CN¥9.79 | CN¥17.70 | x |
| 2008-12-31 | CN¥10.64 | CN¥17.70 | x |
| 2009-12-31 | CN¥10.39 | CN¥17.70 | x |
| 2010-12-31 | CN¥10.99 | CN¥17.70 | x |
| 2011-12-31 | CN¥12.01 | CN¥17.70 | x |
| 2012-12-31 | CN¥15.09 | CN¥17.70 | x |
| 2013-12-31 | CN¥18.07 | CN¥17.70 | x |
| 2014-12-31 | CN¥20.76 | CN¥17.70 | x |
| 2015-12-31 | CN¥21.71 | CN¥17.70 | x |
| 2016-12-31 | CN¥23.60 | CN¥17.70 | x |
| 2017-12-31 | CN¥25.00 | CN¥17.70 | x |
| 2018-12-31 | CN¥27.48 | CN¥17.70 | x |
| 2019-12-31 | CN¥30.62 | CN¥17.70 | x |
| 2020-12-31 | CN¥31.56 | CN¥17.70 | x |
| 2021-12-31 | CN¥30.71 | CN¥17.70 | x |
| 2022-12-31 | CN¥28.20 | CN¥17.70 | x |
| 2023-12-31 | CN¥26.76 | CN¥17.70 | x |
| 2024-12-31 | CN¥27.74 | CN¥17.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dashang 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): 6.74%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.44%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 2.05x
- Recent ROE (6.74%) is below the historical average (12.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1990 | 41.49% | 3.27% | 3.55x | 3.58x | CN¥10.04 Million |
| 1991 | 36.65% | 2.79% | 3.36x | 3.92x | CN¥9.17 Million |
| 1992 | 22.30% | 2.33% | 2.89x | 3.32x | CN¥6.50 Million |
| 1993 | 11.74% | 3.48% | 2.28x | 1.48x | CN¥4.21 Million |
| 1994 | 20.84% | 6.07% | 2.16x | 1.59x | CN¥30.17 Million |
| 1995 | 17.34% | 5.68% | 1.80x | 1.69x | CN¥22.79 Million |
| 1996 | 15.10% | 6.21% | 1.59x | 1.53x | CN¥18.65 Million |
| 1997 | 14.06% | 7.45% | 1.43x | 1.32x | CN¥17.27 Million |
| 1998 | 13.79% | 7.44% | 0.97x | 1.90x | CN¥16.70 Million |
| 1999 | 6.94% | 4.39% | 1.05x | 1.50x | CN¥-23.94 Million |
| 2000 | 10.35% | 6.19% | 1.05x | 1.60x | CN¥2.83 Million |
| 2001 | 7.20% | 4.46% | 0.79x | 2.04x | CN¥-34.34 Million |
| 2002 | 6.53% | 2.71% | 0.77x | 3.11x | CN¥-43.99 Million |
| 2003 | 6.15% | 1.63% | 1.19x | 3.18x | CN¥-52.35 Million |
| 2004 | 7.88% | 2.22% | 1.00x | 3.56x | CN¥-37.89 Million |
| 2005 | 10.30% | 2.84% | 1.37x | 2.65x | CN¥7.01 Million |
| 2006 | 10.11% | 2.42% | 1.39x | 3.01x | CN¥2.73 Million |
| 2007 | 10.52% | 2.03% | 1.65x | 3.15x | CN¥15.08 Million |
| 2008 | 7.42% | 1.23% | 1.99x | 3.04x | CN¥-80.40 Million |
| 2009 | -3.87% | -0.55% | 1.92x | 3.67x | CN¥-416.53 Million |
| 2010 | 3.73% | 0.50% | 2.04x | 3.65x | CN¥-204.75 Million |
| 2011 | 7.74% | 0.90% | 2.30x | 3.73x | CN¥-79.95 Million |
| 2012 | 22.06% | 3.07% | 2.24x | 3.21x | CN¥534.14 Million |
| 2013 | 22.18% | 3.49% | 2.25x | 2.82x | CN¥647.44 Million |
| 2014 | 20.14% | 3.81% | 2.18x | 2.43x | CN¥618.11 Million |
| 2015 | 10.36% | 2.15% | 1.86x | 2.59x | CN¥23.14 Million |
| 2016 | 10.13% | 2.50% | 1.57x | 2.58x | CN¥8.74 Million |
| 2017 | 11.92% | 3.28% | 1.52x | 2.40x | CN¥141.05 Million |
| 2018 | 12.23% | 4.14% | 1.35x | 2.19x | CN¥179.87 Million |
| 2019 | 9.93% | 4.08% | 1.15x | 2.11x | CN¥-6.16 Million |
| 2020 | 5.39% | 6.15% | 0.47x | 1.86x | CN¥-427.43 Million |
| 2021 | 8.60% | 9.58% | 0.41x | 2.21x | CN¥-124.04 Million |
| 2022 | 6.84% | 7.55% | 0.40x | 2.26x | CN¥-253.25 Million |
| 2023 | 6.02% | 6.89% | 0.41x | 2.15x | CN¥-334.46 Million |
| 2024 | 6.74% | 8.44% | 0.39x | 2.05x | CN¥-283.45 Million |
Industry Comparison
This section compares Dashang Co Ltd's net assets metrics with peer companies in the Department Stores industry.
Industry Context
- Industry: Department Stores
- Average net assets among peers: $4,209,797,796
- Average return on equity (ROE) among peers: 10.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dashang Co Ltd (600694) | CN¥9.14 Billion | 41.49% | 0.91x | $502.31 Million |
| Hefei Department Store Group Co Ltd (000417) | $3.72 Billion | 9.85% | 1.14x | $183.52 Million |
| Changsha Tongcheng Holdings Co Ltd (000419) | $216.13 Million | 19.44% | 0.56x | $227.08 Million |
| Wushang Group Co Ltd (000501) | $8.25 Billion | 12.73% | 1.77x | $549.14 Million |
| CCOOP Group Co Ltd (000564) | $648.17 Million | 8.80% | 0.99x | $3.83 Billion |
| Dalian Friendship Group Co Ltd (000679) | $2.09 Billion | 2.71% | 3.27x | $232.35 Million |
| Zhongxing Shenyang Commercial Building Group Co Ltd (000715) | $682.33 Million | 7.80% | 0.41x | $199.18 Million |
| Easyhome New Retail Group Co Ltd (000785) | $20.72 Billion | 6.55% | 0.90x | $1.02 Billion |
| Guangzhou Grandbuy Co Ltd (002187) | $3.99 Billion | -3.63% | 1.20x | $406.04 Million |
| Better Life Commercial Chain Share Co Ltd (002251) | $175.99 Million | 42.02% | 3.35x | $1.30 Billion |
| New Huadu Supercenter Co Ltd (002264) | $1.61 Billion | -4.25% | 1.18x | $394.48 Million |