Start Group

SHG:600734 China Information Technology Services
Market Cap
$1.21 Billion
CN¥8.89 Billion CNY
Market Cap Rank
#9584 Global
#2009 in China
Share Price
CN¥4.08
Change (1 day)
-2.16%
52-Week Range
CN¥3.42 - CN¥6.70
All Time High
CN¥25.57
Categories
Companies in China Information Technology Services Technology AI & Machine Learning
About

Fujian Start Group Co.Ltd provides anti-intrusion detection systems in China. The company engages in intelligent computing business; digital education business, which provides basic education, higher education, vocational education, and employment guidance services; develops and builds a data cross-border flow service platform, including outbound assessment declaration, data cross-border flow int… Read more

Start Group (600734) - Net Assets

Latest net assets as of September 2025: CN¥310.18 Million CNY

Based on the latest financial reports, Start Group (600734) has net assets worth CN¥310.18 Million 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¥1.12 Billion) and total liabilities (CN¥813.55 Million). 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¥310.18 Million
% of Total Assets 27.6%
Annual Growth Rate 3.49%
5-Year Change N/A
10-Year Change 54.44%
Growth Volatility 186.88

Start Group - Net Assets Trend (1995–2024)

This chart illustrates how Start Group's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Start Group (1995–2024)

The table below shows the annual net assets of Start Group from 1995 to 2024.

Year Net Assets Change
2024-12-31 CN¥399.14 Million +1.75%
2023-12-31 CN¥392.26 Million +10.48%
2022-12-31 CN¥355.07 Million -21.99%
2021-12-31 CN¥455.13 Million +139.14%
2020-12-31 CN¥-1.16 Billion -107.82%
2019-12-31 CN¥-559.50 Million -121.46%
2018-12-31 CN¥2.61 Billion -9.32%
2017-12-31 CN¥2.87 Billion +13.22%
2016-12-31 CN¥2.54 Billion +882.45%
2015-12-31 CN¥258.44 Million +132.34%
2014-12-31 CN¥111.23 Million -39.06%
2013-12-31 CN¥182.52 Million -10.50%
2012-12-31 CN¥203.94 Million -40.13%
2011-12-31 CN¥340.62 Million -19.51%
2010-12-31 CN¥423.18 Million +24.13%
2009-12-31 CN¥340.91 Million +91.92%
2008-12-31 CN¥177.63 Million +269.78%
2007-12-31 CN¥-104.62 Million +21.04%
2006-12-31 CN¥-132.50 Million -161.84%
2005-12-31 CN¥214.25 Million -49.49%
2004-12-31 CN¥424.20 Million -33.11%
2003-12-31 CN¥634.23 Million +1.14%
2002-12-31 CN¥627.10 Million +3.66%
2001-12-31 CN¥604.98 Million +5.27%
2000-12-31 CN¥574.70 Million -33.60%
1999-12-31 CN¥865.48 Million +10.60%
1998-12-31 CN¥782.51 Million +9.39%
1997-12-31 CN¥715.32 Million +51.17%
1996-12-31 CN¥473.18 Million +220.49%
1995-12-31 CN¥147.64 Million --

Equity Component Analysis

This analysis shows how different components contribute to Start Group'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 321918706400.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CN¥2.18 Billion 547.43%
Other Components CN¥1.44 Billion 361.58%
Total Equity CN¥397.92 Million 100.00%

Start Group Competitors by Market Cap

The table below lists competitors of Start Group ranked by their market capitalization.

Company Market Cap
Xi'an Manareco New Materials Co.Ltd
SHG:688550
 		$575.54 Million
MoonLake Immunotherapeutics
NASDAQ:MLTX
 		$575.79 Million
Rai Way SpA
LSE:0R40
 		$576.21 Million
WELL Health Technologies Corp
TO:WELL
 		$576.26 Million
Transcoal Pacific Tbk PT
JK:TCPI
 		$575.32 Million
Merry Electronics Co Ltd
TW:2439
 		$575.01 Million
Southern Missouri Bancorp Inc
NASDAQ:SMBC
 		$574.87 Million
SWAN CORP LTD
NSE:SWANCORP
 		$574.74 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Start Group's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 392,262,325 to 397,916,031, a change of 5,653,706 (1.4%).
  • Net income of 5,653,718 contributed positively to equity growth.
  • Dividend payments of 1,738,181 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥5.65 Million +1.42%
Dividends Paid CN¥1.74 Million -0.44%
Other Changes CN¥1.74 Million +0.44%
Total Change CN¥- 1.44%

Book Value vs Market Value Analysis

This analysis compares Start Group'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: 22.30x
  • 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 increased from 11.18x to 22.30x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1995-12-31 CN¥0.37 CN¥4.08 x
1996-12-31 CN¥1.17 CN¥4.08 x
1997-12-31 CN¥1.66 CN¥4.08 x
1998-12-31 CN¥1.90 CN¥4.08 x
1999-12-31 CN¥2.14 CN¥4.08 x
2000-12-31 CN¥1.45 CN¥4.08 x
2001-12-31 CN¥1.58 CN¥4.08 x
2002-12-31 CN¥1.66 CN¥4.08 x
2003-12-31 CN¥1.65 CN¥4.08 x
2004-12-31 CN¥1.18 CN¥4.08 x
2005-12-31 CN¥0.57 CN¥4.08 x
2006-12-31 CN¥-0.38 CN¥4.08 x
2007-12-31 CN¥-0.30 CN¥4.08 x
2008-12-31 CN¥0.04 CN¥4.08 x
2009-12-31 CN¥0.37 CN¥4.08 x
2010-12-31 CN¥0.54 CN¥4.08 x
2011-12-31 CN¥0.60 CN¥4.08 x
2012-12-31 CN¥0.44 CN¥4.08 x
2013-12-31 CN¥0.43 CN¥4.08 x
2014-12-31 CN¥0.33 CN¥4.08 x
2015-12-31 CN¥0.77 CN¥4.08 x
2016-12-31 CN¥5.16 CN¥4.08 x
2017-12-31 CN¥4.62 CN¥4.08 x
2018-12-31 CN¥4.18 CN¥4.08 x
2019-12-31 CN¥-0.90 CN¥4.08 x
2020-12-31 CN¥-1.87 CN¥4.08 x
2021-12-31 CN¥0.73 CN¥4.08 x
2022-12-31 CN¥0.19 CN¥4.08 x
2023-12-31 CN¥0.18 CN¥4.08 x
2024-12-31 CN¥0.18 CN¥4.08 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Start Group 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): 1.42%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 1.83%
  • • Asset Turnover: 0.29x
  • • Equity Multiplier: 2.72x
  • Recent ROE (1.42%) is below the historical average (34.74%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1995 38.08% 9.41% 1.29x 3.14x CN¥37.51 Million
1996 21.47% 7.60% 1.35x 2.10x CN¥49.00 Million
1997 19.52% 7.34% 1.12x 2.38x CN¥57.98 Million
1998 12.23% 4.45% 1.22x 2.25x CN¥15.47 Million
1999 -6.80% -2.43% 1.14x 2.45x CN¥-131.87 Million
2000 -48.95% -8.13% 1.80x 3.34x CN¥-313.32 Million
2001 8.87% 1.77% 1.72x 2.91x CN¥-6.54 Million
2002 3.46% 0.90% 1.12x 3.41x CN¥-39.66 Million
2003 3.75% 0.99% 1.07x 3.54x CN¥-37.83 Million
2004 -22.05% -6.00% 0.92x 4.01x CN¥-138.54 Million
2005 -135.65% -35.16% 0.66x 5.87x CN¥-301.43 Million
2006 0.00% -68.64% 0.60x 0.00x CN¥-353.85 Million
2007 0.00% 7.09% 1.09x 0.00x CN¥70.23 Million
2008 839.60% 9.71% 0.98x 88.45x CN¥128.48 Million
2009 88.15% 9.51% 0.81x 11.51x CN¥102.09 Million
2010 14.02% 2.01% 0.69x 10.14x CN¥7.65 Million
2011 65.77% 12.30% 0.89x 5.99x CN¥118.45 Million
2012 -25.45% -29.16% 0.13x 6.85x CN¥-55.01 Million
2013 4.67% 6.61% 0.09x 7.67x CN¥-8.35 Million
2014 -33.78% -20.29% 0.12x 13.45x CN¥-51.29 Million
2015 56.93% 49.89% 0.84x 1.35x CN¥127.62 Million
2016 7.25% 4.34% 0.59x 2.81x CN¥-69.64 Million
2017 6.49% 2.88% 0.79x 2.86x CN¥-100.77 Million
2018 -10.25% -3.95% 0.92x 2.81x CN¥-527.85 Million
2019 0.00% -195.70% 0.62x 0.00x CN¥-2.99 Billion
2020 0.00% -51.34% 0.55x 0.00x CN¥-474.86 Million
2021 151.59% 74.84% 0.57x 3.57x CN¥644.42 Million
2022 -27.48% -37.20% 0.28x 2.61x CN¥-133.09 Million
2023 9.48% 11.09% 0.40x 2.15x CN¥-2.03 Million
2024 1.42% 1.83% 0.29x 2.72x CN¥-34.14 Million

Industry Comparison

This section compares Start Group's net assets metrics with peer companies in the Information Technology Services industry.

Industry Context

  • Industry: Information Technology Services
  • Average net assets among peers: $1,500,405,430
  • Average return on equity (ROE) among peers: 8.09%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Start Group (600734) CN¥310.18 Million 38.08% 2.62x $575.42 Million
Digital China Group Co Ltd (000034) $634.50 Million 8.93% 1.44x $2.35 Billion
ZJBC Information Technology Co Ltd (000889) $729.46 Million 7.82% 0.69x $289.62 Million
Yunnan Nantian Electronics Information Co Ltd (000948) $562.55 Million 3.95% 1.11x $563.66 Million
Guomai Technologies Inc (002093) $483.69 Million 16.02% 0.60x $688.55 Million
Shanghai HiTech Control System (002184) $1.79 Billion 6.56% 1.52x $326.02 Million
SZZT Electronics Co Ltd (002197) $355.26 Million 12.21% 0.43x $561.55 Million
Talkweb Information System Co Ltd (002261) $866.67 Million 4.19% 0.12x $5.05 Billion
Westone Information Industry Inc (002268) $5.25 Billion 5.84% 0.44x $1.37 Billion
Taiji Computer Corp Ltd (002368) $3.77 Billion 9.77% 2.58x $1.06 Billion
Shenzhen Das Intellitech Co Ltd (002421) $563.38 Million 5.60% 0.61x $675.55 Million