Shanghai Xinmei Real Estate Co Ltd Class A

SHG:600732 China Solar
Market Cap
$4.39 Billion
CN¥32.18 Billion CNY
Market Cap Rank
#4359 Global
#449 in China
Share Price
CN¥15.20
Change (1 day)
-2.69%
52-Week Range
CN¥9.69 - CN¥17.73
All Time High
CN¥33.63
Categories
Companies in China Solar
About

Shanghai Aiko Solar Energy Co.,Ltd. engages in the research and development, manufacture, and sale of photovoltaic products in China. It offers solar cells, all back contact modules, and digital products. The company also provides solutions to residential, commercial and industrial, and utility sectors. It serves installers, distributors, and module manufacturers. The company also exports its pro… Read more

Shanghai Xinmei Real Estate Co Ltd Class A (600732) - Net Assets

Latest net assets as of September 2025: CN¥8.33 Billion CNY

Based on the latest financial reports, Shanghai Xinmei Real Estate Co Ltd Class A (600732) has net assets worth CN¥8.33 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¥37.17 Billion) and total liabilities (CN¥28.84 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¥8.33 Billion
% of Total Assets 22.4%
Annual Growth Rate 13.86%
5-Year Change -15.09%
10-Year Change 1226.35%
Growth Volatility 83.25

Shanghai Xinmei Real Estate Co Ltd Class A - Net Assets Trend (1993–2024)

This chart illustrates how Shanghai Xinmei Real Estate Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Shanghai Xinmei Real Estate Co Ltd Class A (1993–2024)

The table below shows the annual net assets of Shanghai Xinmei Real Estate Co Ltd Class A from 1993 to 2024.

Year Net Assets Change
2024-12-31 CN¥4.95 Billion -42.93%
2023-12-31 CN¥8.68 Billion -4.18%
2022-12-31 CN¥9.06 Billion +62.29%
2021-12-31 CN¥5.58 Billion -4.32%
2020-12-31 CN¥5.83 Billion +127.36%
2019-12-31 CN¥2.57 Billion +425.74%
2018-12-31 CN¥488.05 Million +4.67%
2017-12-31 CN¥466.29 Million +15.13%
2016-12-31 CN¥405.00 Million +8.45%
2015-12-31 CN¥373.45 Million -22.96%
2014-12-31 CN¥484.74 Million -6.83%
2013-12-31 CN¥520.29 Million -10.49%
2012-12-31 CN¥581.23 Million -4.15%
2011-12-31 CN¥606.38 Million +5.95%
2010-12-31 CN¥572.30 Million -27.63%
2009-12-31 CN¥790.84 Million +2.40%
2008-12-31 CN¥772.29 Million +36.89%
2007-12-31 CN¥564.18 Million +0.49%
2006-12-31 CN¥561.42 Million +0.85%
2005-12-31 CN¥556.71 Million +14.67%
2004-12-31 CN¥485.51 Million +13.74%
2003-12-31 CN¥426.84 Million +23.36%
2002-12-31 CN¥346.02 Million +1.44%
2001-12-31 CN¥341.10 Million -16.23%
2000-12-31 CN¥407.18 Million +2.40%
1999-12-31 CN¥397.64 Million -5.20%
1998-12-31 CN¥419.47 Million +3.78%
1997-12-31 CN¥404.21 Million +9.34%
1996-12-31 CN¥369.67 Million +166.32%
1995-12-31 CN¥138.81 Million +40.39%
1994-12-31 CN¥98.87 Million +11.51%
1993-12-31 CN¥88.67 Million --

Equity Component Analysis

This analysis shows how different components contribute to Shanghai Xinmei Real Estate Co Ltd Class 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 decreased by 162084894400.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CN¥1.83 Billion 51.42%
Other Comprehensive Income CN¥-4.55 Million -0.13%
Other Components CN¥3.35 Billion 94.31%
Total Equity CN¥3.55 Billion 100.00%

Shanghai Xinmei Real Estate Co Ltd Class A Competitors by Market Cap

The table below lists competitors of Shanghai Xinmei Real Estate Co Ltd Class A ranked by their market capitalization.

Company Market Cap
Northern Oil & Gas Inc
NYSE:NOG
 		$2.53 Billion
Loomis AB ser. B
ST:LOOMIS
 		$2.53 Billion
SIASUN Robot Automation Co
SHE:300024
 		$2.53 Billion
Ero Copper Corp
NYSE:ERO
 		$2.53 Billion
Incitec Pivot Limited
PINK:ICPVF
 		$2.52 Billion
Sendas Distribuidora S.A.
PINK:ASAIY
 		$2.52 Billion
Mandatum Oyj
PINK:MANDF
 		$2.52 Billion
Triple Flag Precious Metals Corp
NYSE:TFPM
 		$2.52 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shanghai Xinmei Real Estate Co Ltd Class A's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 8,679,931,962 to 3,554,333,406, a change of -5,125,598,556 (-59.1%).
  • Net loss of 5,319,431,897 reduced equity.
  • Dividend payments of 609,582,756 reduced retained earnings.
  • Share repurchases of 49,439,057 reduced equity.
  • Other comprehensive income decreased equity by 6,548,199.
  • Other factors increased equity by 859,403,353.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥-5.32 Billion -149.66%
Dividends Paid CN¥609.58 Million -17.15%
Share Repurchases CN¥49.44 Million -1.39%
Other Comprehensive Income CN¥-6.55 Million -0.18%
Other Changes CN¥859.40 Million +24.18%
Total Change CN¥- -59.05%

Book Value vs Market Value Analysis

This analysis compares Shanghai Xinmei Real Estate Co Ltd Class 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: 7.82x
  • 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 76.14x to 7.82x 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¥0.20 CN¥15.20 x
1994-12-31 CN¥0.22 CN¥15.20 x
1995-12-31 CN¥0.31 CN¥15.20 x
1996-12-31 CN¥0.83 CN¥15.20 x
1997-12-31 CN¥0.91 CN¥15.20 x
1998-12-31 CN¥0.93 CN¥15.20 x
1999-12-31 CN¥0.87 CN¥15.20 x
2000-12-31 CN¥0.92 CN¥15.20 x
2001-12-31 CN¥0.77 CN¥15.20 x
2002-12-31 CN¥0.78 CN¥15.20 x
2003-12-31 CN¥0.87 CN¥15.20 x
2009-12-31 CN¥0.84 CN¥15.20 x
2010-12-31 CN¥0.85 CN¥15.20 x
2011-12-31 CN¥0.89 CN¥15.20 x
2012-12-31 CN¥0.87 CN¥15.20 x
2013-12-31 CN¥0.82 CN¥15.20 x
2014-12-31 CN¥0.80 CN¥15.20 x
2015-12-31 CN¥0.58 CN¥15.20 x
2016-12-31 CN¥0.62 CN¥15.20 x
2017-12-31 CN¥0.72 CN¥15.20 x
2018-12-31 CN¥0.22 CN¥15.20 x
2019-12-31 CN¥0.94 CN¥15.20 x
2020-12-31 CN¥1.99 CN¥15.20 x
2021-12-31 CN¥1.74 CN¥15.20 x
2022-12-31 CN¥3.69 CN¥15.20 x
2023-12-31 CN¥4.70 CN¥15.20 x
2024-12-31 CN¥1.94 CN¥15.20 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shanghai Xinmei Real Estate Co Ltd Class 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): -149.66%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -47.69%
  • • Asset Turnover: 0.32x
  • • Equity Multiplier: 9.71x
  • Recent ROE (-149.66%) is below the historical average (4.92%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1993 38.43% 6.52% 1.45x 4.07x CN¥25.21 Million
1994 38.57% 9.63% 1.41x 2.84x CN¥28.25 Million
1995 23.55% 7.32% 1.00x 3.21x CN¥18.81 Million
1996 12.21% 10.07% 0.58x 2.08x CN¥8.18 Million
1997 13.28% 10.17% 0.56x 2.32x CN¥13.26 Million
1998 -1.37% -0.93% 0.65x 2.25x CN¥-47.18 Million
1999 2.72% 1.92% 0.53x 2.68x CN¥-28.17 Million
2000 4.95% 4.07% 0.41x 2.94x CN¥-20.57 Million
2001 -17.46% -8.40% 0.63x 3.29x CN¥-93.67 Million
2002 1.42% 0.72% 0.60x 3.29x CN¥-29.68 Million
2003 10.58% 4.32% 0.63x 3.92x CN¥2.24 Million
2004 11.72% 13.96% 0.27x 3.13x CN¥7.56 Million
2005 12.91% 18.10% 0.28x 2.52x CN¥14.54 Million
2006 3.58% 18.91% 0.06x 2.98x CN¥-32.33 Million
2007 1.20% 2.14% 0.17x 3.30x CN¥-37.59 Million
2008 16.09% 16.02% 0.27x 3.69x CN¥31.01 Million
2009 3.21% 9.00% 0.10x 3.63x CN¥-35.73 Million
2010 1.80% 15.55% 0.05x 2.11x CN¥-43.51 Million
2011 4.62% 23.80% 0.09x 2.25x CN¥-29.93 Million
2012 0.68% 4.64% 0.06x 2.34x CN¥-52.19 Million
2013 -5.26% -146.25% 0.02x 1.88x CN¥-77.57 Million
2014 -7.17% -20.80% 0.17x 2.02x CN¥-81.38 Million
2015 -31.05% -101.93% 0.14x 2.17x CN¥-148.61 Million
2016 5.05% 9.76% 0.30x 1.72x CN¥-19.14 Million
2017 13.61% 132.75% 0.09x 1.19x CN¥16.18 Million
2018 74.00% 8.40% 6.98x 1.26x CN¥298.43 Million
2019 28.19% 9.64% 0.74x 3.93x CN¥377.63 Million
2020 15.07% 8.33% 0.76x 2.38x CN¥271.13 Million
2021 -2.47% -0.81% 0.86x 3.52x CN¥-633.72 Million
2022 25.74% 6.65% 1.42x 2.73x CN¥1.43 Billion
2023 8.72% 2.79% 0.80x 3.92x CN¥-111.23 Million
2024 -149.66% -47.69% 0.32x 9.71x CN¥-5.67 Billion

Industry Comparison

This section compares Shanghai Xinmei Real Estate Co Ltd Class A's net assets metrics with peer companies in the Solar industry.

Industry Context

  • Industry: Solar
  • Average net assets among peers: $4,629,795,698
  • Average return on equity (ROE) among peers: 4.94%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shanghai Xinmei Real Estate Co Ltd Class A (600732) CN¥8.33 Billion 38.43% 3.46x $2.52 Billion
Shenzhen Topraysolar Co Ltd (002218) $704.57 Million 4.73% 0.28x $658.42 Million
JA Solar Technology Co Ltd (002459) $30.16 Billion 18.35% 1.40x $2.77 Billion
GCL System Integration Technology Co Ltd (002506) $4.29 Billion 1.05% 3.39x $2.32 Billion
Changzhou Almaden Co Ltd (002623) $40.18 Million 14.90% 1.71x $316.27 Million
Hainan Drinda Automotive Trim Co Ltd (002865) $503.78 Million 9.15% 1.26x $2.28 Billion
Henan Yicheng New Energy Co Ltd (300080) $3.27 Billion 0.58% 0.91x $1.23 Billion
Gansu Golden Glass Technologies Co Ltd (300093) $507.06 Million -25.83% 0.95x $490.11 Million
Risen Energy (300118) $3.14 Billion 10.27% 1.70x $2.04 Billion
Lingda Group Co Ltd (300125) $1.03 Billion 6.42% 0.30x $259.66 Million
Jolywood Suzhou Sunwatt Co Ltd (300393) $2.65 Billion 9.75% 1.34x $1.09 Billion