Shanghai Xinmei Real Estate Co Ltd Class A (600732) - Net Assets
Based on the latest financial reports, Shanghai Xinmei Real Estate Co Ltd Class A (600732) has net assets worth CN¥8.33 Billion CNY (≈ $1.22 Billion USD) 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 ≈ $5.44 Billion USD) and total liabilities (CN¥28.84 Billion ≈ $4.22 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 Shanghai Xinmei Real Estate Co Ltd Class (600732) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore Shanghai Xinmei Real Estate Co Ltd Class balance sheet assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Shanghai Xinmei Real Estate Co Ltd Class stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.95 Billion ≈ $724.82 Million |
-42.93% |
| 2023-12-31 | CN¥8.68 Billion ≈ $1.27 Billion |
-4.18% |
| 2022-12-31 | CN¥9.06 Billion ≈ $1.33 Billion |
+62.29% |
| 2021-12-31 | CN¥5.58 Billion ≈ $816.82 Million |
-4.32% |
| 2020-12-31 | CN¥5.83 Billion ≈ $853.67 Million |
+127.36% |
| 2019-12-31 | CN¥2.57 Billion ≈ $375.47 Million |
+425.74% |
| 2018-12-31 | CN¥488.05 Million ≈ $71.42 Million |
+4.67% |
| 2017-12-31 | CN¥466.29 Million ≈ $68.23 Million |
+15.13% |
| 2016-12-31 | CN¥405.00 Million ≈ $59.26 Million |
+8.45% |
| 2015-12-31 | CN¥373.45 Million ≈ $54.65 Million |
-22.96% |
| 2014-12-31 | CN¥484.74 Million ≈ $70.93 Million |
-6.83% |
| 2013-12-31 | CN¥520.29 Million ≈ $76.13 Million |
-10.49% |
| 2012-12-31 | CN¥581.23 Million ≈ $85.05 Million |
-4.15% |
| 2011-12-31 | CN¥606.38 Million ≈ $88.73 Million |
+5.95% |
| 2010-12-31 | CN¥572.30 Million ≈ $83.75 Million |
-27.63% |
| 2009-12-31 | CN¥790.84 Million ≈ $115.72 Million |
+2.40% |
| 2008-12-31 | CN¥772.29 Million ≈ $113.01 Million |
+36.89% |
| 2007-12-31 | CN¥564.18 Million ≈ $82.56 Million |
+0.49% |
| 2006-12-31 | CN¥561.42 Million ≈ $82.15 Million |
+0.85% |
| 2005-12-31 | CN¥556.71 Million ≈ $81.46 Million |
+14.67% |
| 2004-12-31 | CN¥485.51 Million ≈ $71.04 Million |
+13.74% |
| 2003-12-31 | CN¥426.84 Million ≈ $62.46 Million |
+23.36% |
| 2002-12-31 | CN¥346.02 Million ≈ $50.63 Million |
+1.44% |
| 2001-12-31 | CN¥341.10 Million ≈ $49.91 Million |
-16.23% |
| 2000-12-31 | CN¥407.18 Million ≈ $59.58 Million |
+2.40% |
| 1999-12-31 | CN¥397.64 Million ≈ $58.19 Million |
-5.20% |
| 1998-12-31 | CN¥419.47 Million ≈ $61.38 Million |
+3.78% |
| 1997-12-31 | CN¥404.21 Million ≈ $59.15 Million |
+9.34% |
| 1996-12-31 | CN¥369.67 Million ≈ $54.09 Million |
+166.32% |
| 1995-12-31 | CN¥138.81 Million ≈ $20.31 Million |
+40.39% |
| 1994-12-31 | CN¥98.87 Million ≈ $14.47 Million |
+11.51% |
| 1993-12-31 | CN¥88.67 Million ≈ $12.98 Million |
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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 |
|---|---|
|
Sai Gon Thuong Tin Commercial Joint Stock Bank
VN:STB
|
$4.77 Billion |
|
Icahn Enterprises LP
NASDAQ:IEP
|
$4.77 Billion |
|
Nantong Jianghai Capacitor Co Ltd
SHE:002484
|
$4.77 Billion |
|
Angel Yeast Co Ltd
SHG:600298
|
$4.78 Billion |
|
Lancaster Colony Corporation
NASDAQ:LANC
|
$4.76 Billion |
|
Shenzhen Energy Group Co Ltd
SHE:000027
|
$4.76 Billion |
|
Laureate Education Inc
NASDAQ:LAUR
|
$4.76 Billion |
|
SFS Group AG
SW:SFSN
|
$4.76 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: 7.91x
- 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 77.04x to 7.91x 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¥15.38 | x |
| 1994-12-31 | CN¥0.22 | CN¥15.38 | x |
| 1995-12-31 | CN¥0.31 | CN¥15.38 | x |
| 1996-12-31 | CN¥0.83 | CN¥15.38 | x |
| 1997-12-31 | CN¥0.91 | CN¥15.38 | x |
| 1998-12-31 | CN¥0.93 | CN¥15.38 | x |
| 1999-12-31 | CN¥0.87 | CN¥15.38 | x |
| 2000-12-31 | CN¥0.92 | CN¥15.38 | x |
| 2001-12-31 | CN¥0.77 | CN¥15.38 | x |
| 2002-12-31 | CN¥0.78 | CN¥15.38 | x |
| 2003-12-31 | CN¥0.87 | CN¥15.38 | x |
| 2009-12-31 | CN¥0.84 | CN¥15.38 | x |
| 2010-12-31 | CN¥0.85 | CN¥15.38 | x |
| 2011-12-31 | CN¥0.89 | CN¥15.38 | x |
| 2012-12-31 | CN¥0.87 | CN¥15.38 | x |
| 2013-12-31 | CN¥0.82 | CN¥15.38 | x |
| 2014-12-31 | CN¥0.80 | CN¥15.38 | x |
| 2015-12-31 | CN¥0.58 | CN¥15.38 | x |
| 2016-12-31 | CN¥0.62 | CN¥15.38 | x |
| 2017-12-31 | CN¥0.72 | CN¥15.38 | x |
| 2018-12-31 | CN¥0.22 | CN¥15.38 | x |
| 2019-12-31 | CN¥0.94 | CN¥15.38 | x |
| 2020-12-31 | CN¥1.99 | CN¥15.38 | x |
| 2021-12-31 | CN¥1.74 | CN¥15.38 | x |
| 2022-12-31 | CN¥3.69 | CN¥15.38 | x |
| 2023-12-31 | CN¥4.70 | CN¥15.38 | x |
| 2024-12-31 | CN¥1.94 | CN¥15.38 | 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: $2,540,283,236
- Average return on equity (ROE) among peers: 14.82%
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 | $4.77 Billion |
| Shenzhen Topraysolar Co Ltd (002218) | $4.19 Billion | 0.26% | 0.63x | $1.13 Billion |
| JA Solar Technology Co Ltd (002459) | $321.18 Million | 25.42% | 2.92x | $5.26 Billion |
| GCL System Integration Technology Co Ltd (002506) | $558.66 Million | 30.43% | 1.26x | $3.62 Billion |
| Changzhou Almaden Co Ltd (002623) | $3.25 Billion | 2.57% | 0.53x | $617.25 Million |
| Hainan Drinda Automotive Trim Co Ltd (002865) | $221.67 Million | 33.72% | 1.61x | $2.70 Billion |
| Henan Yicheng New Energy Co Ltd (300080) | $166.69 Million | 46.04% | 0.94x | $1.23 Billion |
| Gansu Golden Glass Technologies Co Ltd (300093) | $873.02 Million | 0.54% | 0.47x | $697.90 Million |
| Risen Energy (300118) | $9.94 Billion | 1.66% | 1.94x | $2.96 Billion |
| Lingda Group Co Ltd (300125) | $659.54 Million | -2.57% | 2.24x | $956.81 Million |
| Jolywood Suzhou Sunwatt Co Ltd (300393) | $5.23 Billion | 10.07% | 2.27x | $1.61 Billion |
About Shanghai Xinmei Real Estate Co Ltd Class A
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