Dashang Co Ltd (600694) - Net Assets
Based on the latest financial reports, Dashang Co Ltd (600694) has net assets worth CN¥9.49 Billion CNY (≈ $1.39 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¥17.75 Billion ≈ $2.60 Billion USD) and total liabilities (CN¥8.26 Billion ≈ $1.21 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 tangible equity quality of Dashang Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥9.49 Billion |
| % of Total Assets | 53.49% |
| Annual Growth Rate | 17.57% |
| 5-Year Change | 1.64% |
| 10-Year Change | 30.01% |
| Growth Volatility | 59.75 |
Dashang Co Ltd - Net Assets Trend (1990–2025)
This chart illustrates how Dashang Co Ltd's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Dashang Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Dashang Co Ltd (1990–2025)
The table below shows the annual net assets of Dashang Co Ltd from 1990 to 2025. For live valuation and market cap data, see Dashang Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥9.20 Billion ≈ $1.35 Billion |
+2.19% |
| 2024-12-31 | CN¥9.01 Billion ≈ $1.32 Billion |
+3.93% |
| 2023-12-31 | CN¥8.67 Billion ≈ $1.27 Billion |
+4.79% |
| 2022-12-31 | CN¥8.27 Billion ≈ $1.21 Billion |
-8.67% |
| 2021-12-31 | CN¥9.05 Billion ≈ $1.32 Billion |
-5.43% |
| 2020-12-31 | CN¥9.57 Billion ≈ $1.40 Billion |
+3.28% |
| 2019-12-31 | CN¥9.27 Billion ≈ $1.36 Billion |
+10.95% |
| 2018-12-31 | CN¥8.35 Billion ≈ $1.22 Billion |
+9.09% |
| 2017-12-31 | CN¥7.66 Billion ≈ $1.12 Billion |
+8.19% |
| 2016-12-31 | CN¥7.08 Billion ≈ $1.04 Billion |
+6.64% |
| 2015-12-31 | CN¥6.64 Billion ≈ $971.35 Million |
+4.69% |
| 2014-12-31 | CN¥6.34 Billion ≈ $927.81 Million |
+15.30% |
| 2013-12-31 | CN¥5.50 Billion ≈ $804.70 Million |
+19.67% |
| 2012-12-31 | CN¥4.60 Billion ≈ $672.42 Million |
+20.51% |
| 2011-12-31 | CN¥3.81 Billion ≈ $557.97 Million |
+19.25% |
| 2010-12-31 | CN¥3.20 Billion ≈ $467.89 Million |
+2.84% |
| 2009-12-31 | CN¥3.11 Billion ≈ $454.95 Million |
-3.23% |
| 2008-12-31 | CN¥3.21 Billion ≈ $470.13 Million |
+7.66% |
| 2007-12-31 | CN¥2.98 Billion ≈ $436.66 Million |
+13.49% |
| 2006-12-31 | CN¥2.63 Billion ≈ $384.75 Million |
+8.33% |
| 2005-12-31 | CN¥2.43 Billion ≈ $355.15 Million |
+18.94% |
| 2004-12-31 | CN¥2.04 Billion ≈ $298.61 Million |
+45.20% |
| 2003-12-31 | CN¥1.41 Billion ≈ $205.65 Million |
+7.99% |
| 2002-12-31 | CN¥1.30 Billion ≈ $190.43 Million |
+3.43% |
| 2001-12-31 | CN¥1.26 Billion ≈ $184.11 Million |
+51.72% |
| 2000-12-31 | CN¥829.29 Million ≈ $121.35 Million |
+4.53% |
| 1999-12-31 | CN¥793.36 Million ≈ $116.09 Million |
+79.65% |
| 1998-12-31 | CN¥441.61 Million ≈ $64.62 Million |
+3.72% |
| 1997-12-31 | CN¥425.76 Million ≈ $62.30 Million |
+16.31% |
| 1996-12-31 | CN¥366.06 Million ≈ $53.57 Million |
+17.78% |
| 1995-12-31 | CN¥310.80 Million ≈ $45.48 Million |
+11.57% |
| 1994-12-31 | CN¥278.55 Million ≈ $40.76 Million |
+15.29% |
| 1993-12-31 | CN¥241.61 Million ≈ $35.35 Million |
+356.89% |
| 1992-12-31 | CN¥52.88 Million ≈ $7.74 Million |
+53.64% |
| 1991-12-31 | CN¥34.42 Million ≈ $5.04 Million |
+7.91% |
| 1990-12-31 | CN¥31.90 Million ≈ $4.67 Million |
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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 708857449526.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥7.09 Billion | 79.91% |
| Other Components | CN¥1.78 Billion | 20.09% |
| Total Equity | CN¥8.87 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 |
|---|---|
|
Kiwetinohk Energy Corp
TO:KEC
|
$782.84 Million |
|
Groupe Dynamite Inc
TO:GRGD
|
$783.47 Million |
|
Creades AB
ST:CRED-A
|
$783.52 Million |
|
LIGHTHOUSE PROPERTIES
F:87O
|
$783.67 Million |
|
Siri Prime Office Property Fd
BK:SIRI
|
$782.62 Million |
|
Shengyuan Environmental Protection
SHE:300867
|
$782.56 Million |
|
African Rainbow Capital Investments Ltd
JSE:AIL
|
$782.54 Million |
|
Fujian Guanfu Modern Household Wares Co Ltd
SHE:002102
|
$782.49 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 2024 to 2025, total equity changed from 8,696,553,964 to 8,870,974,853, a change of 174,420,889 (2.0%).
- Net income of 490,600,162 contributed positively to equity growth.
- Dividend payments of 316,152,571 reduced retained earnings.
- Other comprehensive income decreased equity by 1,401,008,261.
- Other factors increased equity by 1,400,981,559.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥490.60 Million | +5.53% |
| Dividends Paid | CN¥316.15 Million | -3.56% |
| Other Comprehensive Income | CN¥-1.40 Billion | -15.79% |
| Other Changes | CN¥1.40 Billion | +15.79% |
| Total Change | CN¥- | 2.01% |
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: 0.55x
- 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 130.44x to 0.55x 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¥14.12 | x |
| 1991-12-31 | CN¥0.12 | CN¥14.12 | x |
| 1992-12-31 | CN¥0.18 | CN¥14.12 | x |
| 1993-12-31 | CN¥0.82 | CN¥14.12 | x |
| 1994-12-31 | CN¥0.94 | CN¥14.12 | x |
| 1995-12-31 | CN¥1.05 | CN¥14.12 | x |
| 1996-12-31 | CN¥1.24 | CN¥14.12 | x |
| 1997-12-31 | CN¥1.44 | CN¥14.12 | x |
| 1998-12-31 | CN¥1.49 | CN¥14.12 | x |
| 1999-12-31 | CN¥2.66 | CN¥14.12 | x |
| 2000-12-31 | CN¥2.76 | CN¥14.12 | x |
| 2001-12-31 | CN¥4.17 | CN¥14.12 | x |
| 2002-12-31 | CN¥4.30 | CN¥14.12 | x |
| 2003-12-31 | CN¥4.62 | CN¥14.12 | x |
| 2004-12-31 | CN¥6.07 | CN¥14.12 | x |
| 2005-12-31 | CN¥8.04 | CN¥14.12 | x |
| 2006-12-31 | CN¥8.74 | CN¥14.12 | x |
| 2007-12-31 | CN¥9.79 | CN¥14.12 | x |
| 2008-12-31 | CN¥10.64 | CN¥14.12 | x |
| 2009-12-31 | CN¥10.39 | CN¥14.12 | x |
| 2010-12-31 | CN¥10.99 | CN¥14.12 | x |
| 2011-12-31 | CN¥12.01 | CN¥14.12 | x |
| 2012-12-31 | CN¥15.08 | CN¥14.12 | x |
| 2013-12-31 | CN¥16.43 | CN¥14.12 | x |
| 2014-12-31 | CN¥17.15 | CN¥14.12 | x |
| 2015-12-31 | CN¥17.95 | CN¥14.12 | x |
| 2016-12-31 | CN¥19.51 | CN¥14.12 | x |
| 2017-12-31 | CN¥20.66 | CN¥14.12 | x |
| 2018-12-31 | CN¥22.71 | CN¥14.12 | x |
| 2019-12-31 | CN¥25.30 | CN¥14.12 | x |
| 2020-12-31 | CN¥26.08 | CN¥14.12 | x |
| 2021-12-31 | CN¥25.38 | CN¥14.12 | x |
| 2022-12-31 | CN¥23.31 | CN¥14.12 | x |
| 2023-12-31 | CN¥24.33 | CN¥14.12 | x |
| 2024-12-31 | CN¥25.22 | CN¥14.12 | x |
| 2025-12-31 | CN¥25.76 | CN¥14.12 | 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): 5.53%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.91%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.94x
- Recent ROE (5.53%) is below the historical average (12.29%), 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 | 22.19% | 3.49% | 2.25x | 2.82x | CN¥647.70 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% | 9.08% | 0.43x | 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 |
| 2025 | 5.53% | 7.91% | 0.36x | 1.94x | CN¥-396.50 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: $1,803,753,330
- Average return on equity (ROE) among peers: 10.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dashang Co Ltd (600694) | CN¥9.49 Billion | 41.49% | 0.87x | $782.66 Million |
| Hefei Department Store Group Co Ltd (000417) | $672.94 Million | 7.19% | 0.67x | $900.42 Million |
| Changsha Tongcheng Holdings Co Ltd (000419) | $1.67 Billion | 12.96% | 1.14x | $371.47 Million |
| Wushang Group Co Ltd (000501) | $10.81 Billion | 2.79% | 1.84x | $784.32 Million |
| CCOOP Group Co Ltd (000564) | $543.52 Million | 6.29% | 0.80x | $3.86 Billion |
| Dalian Friendship Group Co Ltd (000679) | $931.02 Million | 14.16% | 4.22x | $395.32 Million |
| Zhongxing Shenyang Commercial Building Group Co Ltd (000715) | $682.33 Million | 7.80% | 0.41x | $374.85 Million |
| Easyhome New Retail Group Co Ltd (000785) | $203.73 Million | 22.29% | 1.14x | $1.97 Billion |
| Beijing Hualian Department Store Co Ltd (000882) | $477.03 Million | -4.94% | 2.10x | $532.75 Million |
| Guangzhou Grandbuy Co Ltd (002187) | $300.21 Million | 24.01% | 2.03x | $513.84 Million |
| Better Life Commercial Chain Share Co Ltd (002251) | $1.74 Billion | 14.91% | 1.97x | $1.51 Billion |
About 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.