Start Group Net Assets

Latest as of June 2026: CN¥221.59 Million CNY ≈ $32.43 Million USD

Start Group net assets. Based on the latest financial reports, Start Group (600734) has net assets worth CN¥221.59 Million CNY (≈ $32.43 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.43 Billion ≈ $209.24 Million USD) and total liabilities (CN¥1.21 Billion ≈ $176.81 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. Also explore 600734 net assets growth trend to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥221.59 Million
% of Total Assets	15.5%
Annual Growth Rate	1.8%
5-Year Change	-44.57%
10-Year Change	-90.06%
Growth Volatility	183.8

Net Assets of Start Group (1995–2025)

Net assets of Start Group from 1995 to 2025. This chart illustrates how Start Group's net assets have evolved over time, based on quarterly financial data. See Start Group balance sheet independence to measure how much of total assets are equity-financed.

Annual Net Assets for Start Group (1995–2025)

The table below shows the annual net assets of Start Group from 1995 to 2025. For live market cap and overall valuation, see Start Group market cap and net worth.

Year	Net Assets	Change
2025-12-31	CN¥252.30 Million ≈ $36.92 Million	-36.79%
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 336482403783.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Start Group Net Assets Breakdown (December 2025)

Start Group net assets breakdown by equity component as of December 2025.

Component	Amount	Percentage
Other Components	CN¥3.62 Billion	1433.77%
Total Equity	CN¥252.28 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
Nanosonics Ltd AU:NAN	$608.93 Million
Nanjing Hongbaoli Corp Ltd SHE:002165	$608.98 Million
Xiamen Xindeco Ltd SHE:000701	$609.17 Million
Shanghai Yanpu Metal Products Co Ltd SHG:605128	$609.27 Million
Zhejiang He Chuan Technology Corp. Ltd. A SHG:688320	$608.80 Million
CHINA VANKE CO.LTD H YC 1 F:18V	$608.80 Million
RVRC Holding AB ST:RVRC	$608.40 Million
Cybrid Technologies Inc SHG:603212	$608.18 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 2024 to 2025, total equity changed from 397,916,031 to 252,279,066, a change of -145,636,965 (-36.6%).
Net loss of 145,636,973 reduced equity.
Dividend payments of 3,601,987 reduced retained earnings.
Other factors increased equity by 3,601,995.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-145.64 Million	-57.73%
Dividends Paid	CN¥3.60 Million	-1.43%
Other Changes	CN¥3.60 Million	+1.43%
Total Change	CN¥-	-36.60%

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: 16.49x
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 5.23x to 16.49x 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¥1.91	x
1996-12-31	CN¥1.17	CN¥1.91	x
1997-12-31	CN¥1.66	CN¥1.91	x
1998-12-31	CN¥1.90	CN¥1.91	x
1999-12-31	CN¥2.14	CN¥1.91	x
2000-12-31	CN¥1.45	CN¥1.91	x
2001-12-31	CN¥1.58	CN¥1.91	x
2002-12-31	CN¥1.66	CN¥1.91	x
2003-12-31	CN¥1.65	CN¥1.91	x
2004-12-31	CN¥1.18	CN¥1.91	x
2005-12-31	CN¥0.57	CN¥1.91	x
2006-12-31	CN¥-0.38	CN¥1.91	x
2007-12-31	CN¥-0.30	CN¥1.91	x
2008-12-31	CN¥0.04	CN¥1.91	x
2009-12-31	CN¥0.37	CN¥1.91	x
2010-12-31	CN¥0.54	CN¥1.91	x
2011-12-31	CN¥0.60	CN¥1.91	x
2012-12-31	CN¥0.44	CN¥1.91	x
2013-12-31	CN¥0.43	CN¥1.91	x
2014-12-31	CN¥0.33	CN¥1.91	x
2015-12-31	CN¥0.77	CN¥1.91	x
2016-12-31	CN¥5.16	CN¥1.91	x
2017-12-31	CN¥4.62	CN¥1.91	x
2018-12-31	CN¥4.18	CN¥1.91	x
2019-12-31	CN¥-0.90	CN¥1.91	x
2020-12-31	CN¥-1.87	CN¥1.91	x
2021-12-31	CN¥0.73	CN¥1.91	x
2022-12-31	CN¥0.19	CN¥1.91	x
2023-12-31	CN¥0.18	CN¥1.91	x
2024-12-31	CN¥0.18	CN¥1.91	x
2025-12-31	CN¥0.12	CN¥1.91	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): -57.73%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -165.23%
• Asset Turnover: 0.08x
• Equity Multiplier: 4.49x
Recent ROE (-57.73%) is below the historical average (31.76%), 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
2025	-57.73%	-165.23%	0.08x	4.49x	CN¥-170.86 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: $1,639,173,528
Average return on equity (ROE) among peers: 9.78%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Start Group (600734)	CN¥221.59 Million	38.08%	5.45x	$608.82 Million
Digital China Group Co Ltd (000034)	$2.65 Billion	15.23%	5.43x	$2.15 Billion
ZJBC Information Technology Co Ltd (000889)	$322.96 Million	18.39%	1.21x	$400.07 Million
Yunnan Nantian Electronics Information Co Ltd (000948)	$516.76 Million	0.60%	0.37x	$754.24 Million
Guomai Technologies Inc (002093)	$3.38 Billion	2.39%	0.20x	$1.04 Billion
Shanghai HiTech Control System (002184)	$934.94 Million	8.33%	1.07x	$502.08 Million
SZZT Electronics Co Ltd (002197)	$25.33 Million	21.61%	1.23x	$487.26 Million
Talkweb Information System Co Ltd (002261)	$3.57 Billion	5.87%	0.21x	$3.86 Billion
Westone Information Industry Inc (002268)	$497.11 Million	13.10%	0.35x	$1.67 Billion
Taiji Computer Corp Ltd (002368)	$2.81 Billion	10.38%	2.06x	$1.18 Billion
COSCO SHIPPING Technology Co Ltd (002401)	$1.68 Billion	1.93%	0.80x	$649.92 Million

About Start Group

SHG:600734 China Information Technology Services

Market Cap

$608.82 Million

CN¥4.16 Billion CNY

Market Cap Rank

#10891 Global

#2933 in China

Share Price

CN¥1.91

Change (1 day)

+9.77%

52-Week Range

CN¥1.53 - CN¥6.70

All Time High

CN¥25.57