Start Group (600734) - Net Assets

Latest as of September 2025: CN¥310.18 Million CNY ≈ $45.39 Million USD

Based on the latest financial reports, Start Group (600734) has net assets worth CN¥310.18 Million CNY (≈ $45.39 Million 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¥1.12 Billion ≈ $164.44 Million USD) and total liabilities (CN¥813.55 Million ≈ $119.05 Million 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 Start Group (600734) asset resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore Start Group balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Start Group (1995–2024)

The table below shows the annual net assets of Start Group from 1995 to 2024. For live valuation and market cap data, see Start Group (600734) market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥399.14 Million ≈ $58.41 Million	+1.75%
2023-12-31	CN¥392.26 Million ≈ $57.40 Million	+10.48%
2022-12-31	CN¥355.07 Million ≈ $51.96 Million	-21.99%
2021-12-31	CN¥455.13 Million ≈ $66.60 Million	+139.14%
2020-12-31	CN¥-1.16 Billion ≈ $-170.15 Million	-107.82%
2019-12-31	CN¥-559.50 Million ≈ $-81.87 Million	-121.46%
2018-12-31	CN¥2.61 Billion ≈ $381.48 Million	-9.32%
2017-12-31	CN¥2.87 Billion ≈ $420.67 Million	+13.22%
2016-12-31	CN¥2.54 Billion ≈ $371.54 Million	+882.45%
2015-12-31	CN¥258.44 Million ≈ $37.82 Million	+132.34%
2014-12-31	CN¥111.23 Million ≈ $16.28 Million	-39.06%
2013-12-31	CN¥182.52 Million ≈ $26.71 Million	-10.50%
2012-12-31	CN¥203.94 Million ≈ $29.84 Million	-40.13%
2011-12-31	CN¥340.62 Million ≈ $49.84 Million	-19.51%
2010-12-31	CN¥423.18 Million ≈ $61.93 Million	+24.13%
2009-12-31	CN¥340.91 Million ≈ $49.89 Million	+91.92%
2008-12-31	CN¥177.63 Million ≈ $25.99 Million	+269.78%
2007-12-31	CN¥-104.62 Million ≈ $-15.31 Million	+21.04%
2006-12-31	CN¥-132.50 Million ≈ $-19.39 Million	-161.84%
2005-12-31	CN¥214.25 Million ≈ $31.35 Million	-49.49%
2004-12-31	CN¥424.20 Million ≈ $62.07 Million	-33.11%
2003-12-31	CN¥634.23 Million ≈ $92.81 Million	+1.14%
2002-12-31	CN¥627.10 Million ≈ $91.76 Million	+3.66%
2001-12-31	CN¥604.98 Million ≈ $88.53 Million	+5.27%
2000-12-31	CN¥574.70 Million ≈ $84.10 Million	-33.60%
1999-12-31	CN¥865.48 Million ≈ $126.65 Million	+10.60%
1998-12-31	CN¥782.51 Million ≈ $114.51 Million	+9.39%
1997-12-31	CN¥715.32 Million ≈ $104.67 Million	+51.17%
1996-12-31	CN¥473.18 Million ≈ $69.24 Million	+220.49%
1995-12-31	CN¥147.64 Million ≈ $21.61 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
Gerresheimer AG F:GXI	$710.83 Million
Hichain Logistics Co Ltd SHE:300873	$710.99 Million
Shanghai Yongmaotai Automotive Technology Co. Ltd. SHG:605208	$711.17 Million
REVO INSURANCE SPA O.N. F:H0O	$711.24 Million
China Bills Finance Corp TW:2820	$710.82 Million
BELL AGROMACHINA ORD T (BSE) NSE:BALUFORGE	$710.75 Million
Nanjing Port Co Ltd SHE:002040	$710.45 Million
Shenandoah Telecommunications Co NASDAQ:SHEN	$710.38 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: 12.19x
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 6.11x to 12.19x 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¥2.23	x
1996-12-31	CN¥1.17	CN¥2.23	x
1997-12-31	CN¥1.66	CN¥2.23	x
1998-12-31	CN¥1.90	CN¥2.23	x
1999-12-31	CN¥2.14	CN¥2.23	x
2000-12-31	CN¥1.45	CN¥2.23	x
2001-12-31	CN¥1.58	CN¥2.23	x
2002-12-31	CN¥1.66	CN¥2.23	x
2003-12-31	CN¥1.65	CN¥2.23	x
2004-12-31	CN¥1.18	CN¥2.23	x
2005-12-31	CN¥0.57	CN¥2.23	x
2006-12-31	CN¥-0.38	CN¥2.23	x
2007-12-31	CN¥-0.30	CN¥2.23	x
2008-12-31	CN¥0.04	CN¥2.23	x
2009-12-31	CN¥0.37	CN¥2.23	x
2010-12-31	CN¥0.54	CN¥2.23	x
2011-12-31	CN¥0.60	CN¥2.23	x
2012-12-31	CN¥0.44	CN¥2.23	x
2013-12-31	CN¥0.43	CN¥2.23	x
2014-12-31	CN¥0.33	CN¥2.23	x
2015-12-31	CN¥0.77	CN¥2.23	x
2016-12-31	CN¥5.16	CN¥2.23	x
2017-12-31	CN¥4.62	CN¥2.23	x
2018-12-31	CN¥4.18	CN¥2.23	x
2019-12-31	CN¥-0.90	CN¥2.23	x
2020-12-31	CN¥-1.87	CN¥2.23	x
2021-12-31	CN¥0.73	CN¥2.23	x
2022-12-31	CN¥0.19	CN¥2.23	x
2023-12-31	CN¥0.18	CN¥2.23	x
2024-12-31	CN¥0.18	CN¥2.23	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: $1,192,409,576
Average return on equity (ROE) among peers: -56.01%

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	$710.82 Million
Digital China Group Co Ltd (000034)	$-806.39 Million	0.00%	0.00x	$4.00 Billion
ZJBC Information Technology Co Ltd (000889)	$338.44 Million	-592.41%	3.36x	$605.58 Million
Yunnan Nantian Electronics Information Co Ltd (000948)	$516.76 Million	0.60%	0.37x	$826.70 Million
Guomai Technologies Inc (002093)	$1.28 Billion	8.47%	0.78x	$1.23 Billion
Shanghai HiTech Control System (002184)	$1.27 Billion	1.14%	0.70x	$601.98 Million
SZZT Electronics Co Ltd (002197)	$2.42 Billion	-9.95%	1.15x	$723.70 Million
Talkweb Information System Co Ltd (002261)	$3.78 Billion	5.60%	0.12x	$6.53 Billion
Westone Information Industry Inc (002268)	$378.26 Million	9.09%	0.20x	$1.94 Billion
Taiji Computer Corp Ltd (002368)	$2.03 Billion	9.66%	1.05x	$1.57 Billion
COSCO SHIPPING Technology Co Ltd (002401)	$715.73 Million	7.66%	0.70x	$771.75 Million

About Start Group

SHG:600734 China Information Technology Services

Market Cap

$710.82 Million

CN¥4.86 Billion CNY

Market Cap Rank

#10772 Global

#3174 in China

Share Price

CN¥2.23

Change (1 day)

-5.11%

52-Week Range

CN¥2.23 - CN¥6.70

All Time High

CN¥25.57