Bright Real Estate Group Co Ltd
Bright Real Estate Group Co.,Limited develops residential and commercial real estate properties in China. It develops and operates commercial blocks, office buildings, and hotels; provides property management, asset operation, and community services; general contracting of housing, municipal public, water conservancy, and hydropower engineering construction works; and professional contracting of … Read more
Bright Real Estate Group Co Ltd (600708) - Net Assets
Latest net assets as of September 2025: CN¥9.55 Billion CNY
Based on the latest financial reports, Bright Real Estate Group Co Ltd (600708) has net assets worth CN¥9.55 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¥57.70 Billion) and total liabilities (CN¥48.15 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¥9.55 Billion |
| % of Total Assets | 16.55% |
| Annual Growth Rate | 14.35% |
| 5-Year Change | -29.28% |
| 10-Year Change | 22.93% |
| Growth Volatility | 62.12 |
Bright Real Estate Group Co Ltd - Net Assets Trend (1994–2024)
This chart illustrates how Bright Real Estate Group 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 Bright Real Estate Group Co Ltd (1994–2024)
The table below shows the annual net assets of Bright Real Estate Group Co Ltd from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥10.34 Billion | -10.22% |
| 2023-12-31 | CN¥11.52 Billion | -2.00% |
| 2022-12-31 | CN¥11.75 Billion | -14.66% |
| 2021-12-31 | CN¥13.77 Billion | -5.81% |
| 2020-12-31 | CN¥14.62 Billion | -3.78% |
| 2019-12-31 | CN¥15.19 Billion | +15.83% |
| 2018-12-31 | CN¥13.12 Billion | +20.60% |
| 2017-12-31 | CN¥10.88 Billion | +15.35% |
| 2016-12-31 | CN¥9.43 Billion | +12.10% |
| 2015-12-31 | CN¥8.41 Billion | +333.01% |
| 2014-12-31 | CN¥1.94 Billion | +11.31% |
| 2013-12-31 | CN¥1.75 Billion | +9.47% |
| 2012-12-31 | CN¥1.59 Billion | +6.97% |
| 2011-12-31 | CN¥1.49 Billion | +4.50% |
| 2010-12-31 | CN¥1.43 Billion | +8.89% |
| 2009-12-31 | CN¥1.31 Billion | +26.32% |
| 2008-12-31 | CN¥1.04 Billion | -12.29% |
| 2007-12-31 | CN¥1.18 Billion | +11.06% |
| 2006-12-31 | CN¥1.06 Billion | +13.67% |
| 2005-12-31 | CN¥936.30 Million | +19.51% |
| 2004-12-31 | CN¥783.46 Million | +37.11% |
| 2003-12-31 | CN¥571.39 Million | +25.91% |
| 2002-12-31 | CN¥453.81 Million | +11.51% |
| 2001-12-31 | CN¥406.99 Million | +44.92% |
| 2000-12-31 | CN¥280.84 Million | +11.13% |
| 1999-12-31 | CN¥252.70 Million | -44.51% |
| 1998-12-31 | CN¥455.43 Million | +0.66% |
| 1997-12-31 | CN¥452.44 Million | +4.81% |
| 1996-12-31 | CN¥431.69 Million | +98.77% |
| 1995-12-31 | CN¥217.18 Million | +17.43% |
| 1994-12-31 | CN¥184.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bright Real Estate Group 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 535391841957.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.35 Billion | 54.44% |
| Common Stock | CN¥2.23 Billion | 22.66% |
| Other Components | CN¥2.25 Billion | 22.90% |
| Total Equity | CN¥9.83 Billion | 100.00% |
Bright Real Estate Group Co Ltd Competitors by Market Cap
The table below lists competitors of Bright Real Estate Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lonkey Industrial Co Ltd Guangzhou
SHE:000523
|
$544.84 Million |
|
Tianjin Economic-technological Development Area Co Ltd
SHE:000652
|
$544.91 Million |
|
5R02
F:5R02
|
$545.09 Million |
|
MA Financial Group Ltd
AU:MAF
|
$545.18 Million |
|
Norbit ASA
OL:NORBT
|
$544.81 Million |
|
Ã
landsbanken Abp
LSE:0O2M
|
$544.67 Million |
|
Aksa Enerji Uretim AS
IS:AKSEN
|
$544.58 Million |
|
Marfrig Global Foods SA
PINK:MRRTY
|
$544.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bright Real Estate Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,814,186,984 to 9,833,066,239, a change of -981,120,745 (-9.1%).
- Net loss of 948,363,504 reduced equity.
- Dividend payments of 1,372,793,775 reduced retained earnings.
- Other factors increased equity by 1,340,036,534.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-948.36 Million | -9.64% |
| Dividends Paid | CN¥1.37 Billion | -13.96% |
| Other Changes | CN¥1.34 Billion | +13.63% |
| Total Change | CN¥- | -9.07% |
Book Value vs Market Value Analysis
This analysis compares Bright Real Estate Group 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: 0.90x
- 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 18.90x to 0.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CN¥0.21 | CN¥3.96 | x |
| 1995-12-31 | CN¥0.24 | CN¥3.96 | x |
| 1996-12-31 | CN¥0.48 | CN¥3.96 | x |
| 1997-12-31 | CN¥0.51 | CN¥3.96 | x |
| 1998-12-31 | CN¥0.52 | CN¥3.96 | x |
| 1999-12-31 | CN¥0.28 | CN¥3.96 | x |
| 2000-12-31 | CN¥0.30 | CN¥3.96 | x |
| 2001-12-31 | CN¥0.42 | CN¥3.96 | x |
| 2002-12-31 | CN¥0.47 | CN¥3.96 | x |
| 2003-12-31 | CN¥0.59 | CN¥3.96 | x |
| 2004-12-31 | CN¥0.74 | CN¥3.96 | x |
| 2005-12-31 | CN¥0.89 | CN¥3.96 | x |
| 2006-12-31 | CN¥1.33 | CN¥3.96 | x |
| 2007-12-31 | CN¥1.12 | CN¥3.96 | x |
| 2008-12-31 | CN¥1.08 | CN¥3.96 | x |
| 2009-12-31 | CN¥1.29 | CN¥3.96 | x |
| 2010-12-31 | CN¥1.36 | CN¥3.96 | x |
| 2011-12-31 | CN¥1.46 | CN¥3.96 | x |
| 2012-12-31 | CN¥1.58 | CN¥3.96 | x |
| 2013-12-31 | CN¥1.71 | CN¥3.96 | x |
| 2014-12-31 | CN¥0.87 | CN¥3.96 | x |
| 2015-12-31 | CN¥4.27 | CN¥3.96 | x |
| 2016-12-31 | CN¥3.96 | CN¥3.96 | x |
| 2017-12-31 | CN¥4.66 | CN¥3.96 | x |
| 2018-12-31 | CN¥5.61 | CN¥3.96 | x |
| 2019-12-31 | CN¥6.43 | CN¥3.96 | x |
| 2020-12-31 | CN¥6.24 | CN¥3.96 | x |
| 2021-12-31 | CN¥5.62 | CN¥3.96 | x |
| 2022-12-31 | CN¥4.85 | CN¥3.96 | x |
| 2023-12-31 | CN¥4.86 | CN¥3.96 | x |
| 2024-12-31 | CN¥4.41 | CN¥3.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bright Real Estate Group 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): -9.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17.07%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 6.06x
- Recent ROE (-9.64%) is below the historical average (10.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 20.15% | 14.45% | 0.46x | 3.03x | CN¥18.35 Million |
| 1995 | 19.54% | 13.70% | 0.49x | 2.93x | CN¥20.04 Million |
| 1996 | 14.52% | 24.06% | 0.18x | 3.31x | CN¥18.92 Million |
| 1997 | 10.56% | 17.61% | 0.18x | 3.41x | CN¥2.47 Million |
| 1998 | -9.36% | -21.88% | 0.11x | 3.87x | CN¥-86.18 Million |
| 1999 | -25.62% | -37.94% | 0.11x | 6.01x | CN¥-84.87 Million |
| 2000 | 2.16% | 3.20% | 0.13x | 5.26x | CN¥-19.99 Million |
| 2001 | 8.25% | 15.14% | 0.16x | 3.39x | CN¥-6.41 Million |
| 2002 | 11.76% | 9.26% | 0.40x | 3.20x | CN¥7.12 Million |
| 2003 | 19.56% | 16.97% | 0.38x | 3.03x | CN¥49.01 Million |
| 2004 | 20.13% | 16.01% | 0.39x | 3.22x | CN¥64.96 Million |
| 2005 | 18.66% | 12.26% | 0.53x | 2.86x | CN¥66.36 Million |
| 2006 | 17.72% | 10.81% | 0.58x | 2.82x | CN¥67.95 Million |
| 2007 | 14.89% | 8.34% | 0.60x | 2.97x | CN¥47.23 Million |
| 2008 | 16.14% | 9.01% | 0.64x | 2.78x | CN¥57.07 Million |
| 2009 | 15.94% | 9.44% | 0.55x | 3.09x | CN¥59.88 Million |
| 2010 | 13.78% | 7.19% | 0.66x | 2.91x | CN¥44.43 Million |
| 2011 | 10.10% | 6.32% | 0.52x | 3.08x | CN¥1.24 Million |
| 2012 | 11.10% | 7.16% | 0.55x | 2.84x | CN¥14.97 Million |
| 2013 | 10.96% | 6.37% | 0.64x | 2.68x | CN¥14.18 Million |
| 2014 | 52.22% | 6.24% | 2.40x | 3.48x | CN¥673.14 Million |
| 2015 | 6.42% | 4.12% | 0.25x | 6.29x | CN¥-284.00 Million |
| 2016 | 11.46% | 4.87% | 0.43x | 5.50x | CN¥128.87 Million |
| 2017 | 18.74% | 9.35% | 0.38x | 5.21x | CN¥907.79 Million |
| 2018 | 11.18% | 6.92% | 0.28x | 5.87x | CN¥149.14 Million |
| 2019 | 3.62% | 3.68% | 0.16x | 5.99x | CN¥-915.33 Million |
| 2020 | 0.77% | 0.71% | 0.17x | 6.34x | CN¥-1.28 Billion |
| 2021 | 0.56% | 0.27% | 0.34x | 6.01x | CN¥-1.18 Billion |
| 2022 | 0.47% | 0.31% | 0.25x | 6.25x | CN¥-1.03 Billion |
| 2023 | 0.31% | 0.39% | 0.14x | 5.89x | CN¥-1.05 Billion |
| 2024 | -9.64% | -17.07% | 0.09x | 6.06x | CN¥-1.93 Billion |
Industry Comparison
This section compares Bright Real Estate Group 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 |
|---|---|---|---|---|
| Bright Real Estate Group Co Ltd (600708) | CN¥9.55 Billion | 20.15% | 5.04x | $544.82 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 |