Lanzhou Minbai Shareholding Group Co Ltd (600738) - Net Assets

Latest as of March 2026: CN¥2.16 Billion CNY ≈ $316.06 Million USD

Based on the latest financial reports, Lanzhou Minbai Shareholding Group Co Ltd (600738) has net assets worth CN¥2.16 Billion CNY (≈ $316.06 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.24 Billion ≈ $473.49 Million USD) and total liabilities (CN¥1.08 Billion ≈ $157.43 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 600738 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥2.16 Billion
% of Total Assets	66.75%
Annual Growth Rate	8.7%
5-Year Change	13.65%
10-Year Change	68.34%
Growth Volatility	28.28

Lanzhou Minbai Shareholding Group Co Ltd - Net Assets Trend (1995–2025)

This chart illustrates how Lanzhou Minbai Shareholding Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See Lanzhou Minbai Shareholding Group Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Lanzhou Minbai Shareholding Group Co Ltd (1995–2025)

The table below shows the annual net assets of Lanzhou Minbai Shareholding Group Co Ltd from 1995 to 2025. For live valuation and market cap data, see market cap of Lanzhou Minbai Shareholding Group Co Ltd.

Year	Net Assets	Change
2025-12-31	CN¥2.09 Billion ≈ $306.32 Million	+9.36%
2024-12-31	CN¥1.91 Billion ≈ $280.11 Million	-1.85%
2023-12-31	CN¥1.95 Billion ≈ $285.37 Million	+1.65%
2022-12-31	CN¥1.92 Billion ≈ $280.75 Million	+4.16%
2021-12-31	CN¥1.84 Billion ≈ $269.53 Million	+9.33%
2020-12-31	CN¥1.68 Billion ≈ $246.53 Million	+5.42%
2019-12-31	CN¥1.60 Billion ≈ $233.85 Million	-47.17%
2018-12-31	CN¥3.03 Billion ≈ $442.69 Million	+65.08%
2017-12-31	CN¥1.83 Billion ≈ $268.17 Million	+47.38%
2016-12-31	CN¥1.24 Billion ≈ $181.96 Million	+5.29%
2015-12-31	CN¥1.18 Billion ≈ $172.82 Million	+7.70%
2014-12-31	CN¥1.10 Billion ≈ $160.46 Million	+6.51%
2013-12-31	CN¥1.03 Billion ≈ $150.65 Million	+116.50%
2012-12-31	CN¥475.51 Million ≈ $69.58 Million	+14.35%
2011-12-31	CN¥415.82 Million ≈ $60.85 Million	+12.75%
2010-12-31	CN¥368.81 Million ≈ $53.97 Million	-13.04%
2009-12-31	CN¥424.12 Million ≈ $62.06 Million	+13.89%
2008-12-31	CN¥372.39 Million ≈ $54.49 Million	-7.52%
2007-12-31	CN¥402.67 Million ≈ $58.92 Million	+30.96%
2006-12-31	CN¥307.46 Million ≈ $44.99 Million	+24.04%
2005-12-31	CN¥247.87 Million ≈ $36.27 Million	+1.28%
2004-12-31	CN¥244.75 Million ≈ $35.81 Million	+2.19%
2003-12-31	CN¥239.51 Million ≈ $35.05 Million	+0.76%
2002-12-31	CN¥237.70 Million ≈ $34.78 Million	-24.36%
2001-12-31	CN¥314.24 Million ≈ $45.98 Million	-15.48%
2000-12-31	CN¥371.80 Million ≈ $54.41 Million	+11.33%
1999-12-31	CN¥333.98 Million ≈ $48.87 Million	+43.91%
1998-12-31	CN¥232.08 Million ≈ $33.96 Million	+9.69%
1997-12-31	CN¥211.58 Million ≈ $30.96 Million	+7.01%
1996-12-31	CN¥197.71 Million ≈ $28.93 Million	+15.27%
1995-12-31	CN¥171.52 Million ≈ $25.10 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Lanzhou Minbai Shareholding Group Co Ltd'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 grown by 22508.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥839.07 Million	40.08%
Other Components	CN¥1.25 Billion	59.92%
Total Equity	CN¥2.09 Billion	100.00%

Lanzhou Minbai Shareholding Group Co Ltd Competitors by Market Cap

The table below lists competitors of Lanzhou Minbai Shareholding Group Co Ltd ranked by their market capitalization.

Company	Market Cap
Pubmatic Inc NASDAQ:PUBM	$431.44 Million
Golden Eagle Energy Tbk JK:SMMT	$431.49 Million
GHCL Limited NSE:GHCL	$431.62 Million
Shoe Carnival Inc NASDAQ:SCVL	$431.71 Million
Politeknik Metal Sanayi ve IS:POLTK	$431.08 Million
C&C Group PLC F:GCC	$430.95 Million
International Money Express Inc NASDAQ:IMXI	$430.95 Million
Chengdu Tianjian Technology Co Ltd SHE:002977	$430.82 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Lanzhou Minbai Shareholding Group Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,931,389,965 to 2,093,609,609, a change of 162,219,644 (8.4%).
Net income of 163,983,895 contributed positively to equity growth.
Dividend payments of 24,983,623 reduced retained earnings.
Other comprehensive income decreased equity by 345,362,433.
Other factors increased equity by 368,581,805.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥163.98 Million	+7.83%
Dividends Paid	CN¥24.98 Million	-1.19%
Other Comprehensive Income	CN¥-345.36 Million	-16.5%
Other Changes	CN¥368.58 Million	+17.61%
Total Change	CN¥-	8.40%

Book Value vs Market Value Analysis

This analysis compares Lanzhou Minbai Shareholding Group Co Ltd'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: 1.41x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 5.96x to 1.41x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1995-12-31	CN¥0.65	CN¥3.87	x
1996-12-31	CN¥0.75	CN¥3.87	x
1997-12-31	CN¥0.80	CN¥3.87	x
1998-12-31	CN¥0.88	CN¥3.87	x
1999-12-31	CN¥1.27	CN¥3.87	x
2000-12-31	CN¥1.41	CN¥3.87	x
2001-12-31	CN¥1.18	CN¥3.87	x
2002-12-31	CN¥0.90	CN¥3.87	x
2003-12-31	CN¥0.91	CN¥3.87	x
2004-12-31	CN¥0.93	CN¥3.87	x
2005-12-31	CN¥0.94	CN¥3.87	x
2006-12-31	CN¥1.16	CN¥3.87	x
2007-12-31	CN¥1.52	CN¥3.87	x
2008-12-31	CN¥1.42	CN¥3.87	x
2009-12-31	CN¥1.62	CN¥3.87	x
2010-12-31	CN¥1.40	CN¥3.87	x
2011-12-31	CN¥1.58	CN¥3.87	x
2012-12-31	CN¥1.29	CN¥3.87	x
2013-12-31	CN¥2.79	CN¥3.87	x
2014-12-31	CN¥2.98	CN¥3.87	x
2015-12-31	CN¥3.22	CN¥3.87	x
2016-12-31	CN¥1.59	CN¥3.87	x
2017-12-31	CN¥2.30	CN¥3.87	x
2018-12-31	CN¥3.86	CN¥3.87	x
2019-12-31	CN¥2.07	CN¥3.87	x
2020-12-31	CN¥2.18	CN¥3.87	x
2021-12-31	CN¥2.38	CN¥3.87	x
2022-12-31	CN¥2.44	CN¥3.87	x
2023-12-31	CN¥2.58	CN¥3.87	x
2024-12-31	CN¥2.66	CN¥3.87	x
2025-12-31	CN¥2.75	CN¥3.87	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Lanzhou Minbai Shareholding Group Co Ltd 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): 7.83%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 25.87%
• Asset Turnover: 0.19x
• Equity Multiplier: 1.62x
Recent ROE (7.83%) is below the historical average (7.98%), 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	11.72%	3.64%	1.15x	2.79x	CN¥2.96 Million
1996	10.51%	3.39%	1.06x	2.92x	CN¥1.02 Million
1997	11.43%	4.01%	0.86x	3.31x	CN¥3.03 Million
1998	9.75%	3.72%	0.83x	3.14x	CN¥-586.40K
1999	6.38%	3.63%	0.56x	3.12x	CN¥-12.10 Million
2000	14.03%	8.51%	0.57x	2.87x	CN¥14.97 Million
2001	-12.75%	-6.11%	0.60x	3.49x	CN¥-70.84 Million
2002	-26.91%	-12.59%	0.55x	3.90x	CN¥-87.59 Million
2003	0.79%	0.39%	0.57x	3.51x	CN¥-22.03 Million
2004	2.08%	1.26%	0.49x	3.37x	CN¥-19.36 Million
2005	1.69%	0.95%	0.61x	2.90x	CN¥-20.59 Million
2006	9.81%	6.70%	0.62x	2.37x	CN¥-578.52K
2007	3.87%	2.85%	0.62x	2.21x	CN¥-24.68 Million
2008	7.47%	4.47%	0.71x	2.37x	CN¥-9.41 Million
2009	5.82%	3.38%	0.78x	2.20x	CN¥-17.73 Million
2010	10.30%	4.12%	0.98x	2.56x	CN¥1.09 Million
2011	11.31%	3.96%	1.10x	2.61x	CN¥5.45 Million
2012	18.57%	6.39%	1.13x	2.57x	CN¥40.75 Million
2013	10.73%	7.73%	0.81x	1.71x	CN¥7.49 Million
2014	9.48%	8.55%	0.65x	1.72x	CN¥-5.74 Million
2015	7.15%	7.54%	0.55x	1.71x	CN¥-33.62 Million
2016	14.65%	13.30%	0.57x	1.94x	CN¥57.77 Million
2017	7.83%	11.63%	0.25x	2.73x	CN¥-39.81 Million
2018	52.37%	122.74%	0.23x	1.89x	CN¥1.28 Billion
2019	15.41%	13.08%	0.51x	2.33x	CN¥86.42 Million
2020	5.14%	14.46%	0.18x	1.99x	CN¥-81.82 Million
2021	8.42%	24.09%	0.18x	1.91x	CN¥-29.14 Million
2022	4.52%	11.42%	0.21x	1.91x	CN¥-104.82 Million
2023	4.26%	9.39%	0.25x	1.84x	CN¥-111.49 Million
2024	3.76%	10.89%	0.19x	1.81x	CN¥-120.59 Million
2025	7.83%	25.87%	0.19x	1.62x	CN¥-45.38 Million

Industry Comparison

This section compares Lanzhou Minbai Shareholding Group Co Ltd's net assets metrics with peer companies in the Department Stores industry.

Industry Context

Industry: Department Stores
Average net assets among peers: $4,014,179,872
Average return on equity (ROE) among peers: 5.13%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Lanzhou Minbai Shareholding Group Co Ltd (600738)	CN¥2.16 Billion	11.72%	0.50x	$431.15 Million
Hefei Department Store Group Co Ltd (000417)	$1.01 Billion	9.93%	1.47x	$900.42 Million
Changsha Tongcheng Holdings Co Ltd (000419)	$629.25 Million	3.44%	0.79x	$371.47 Million
Wushang Group Co Ltd (000501)	$1.13 Billion	0.17%	2.18x	$784.32 Million
CCOOP Group Co Ltd (000564)	$252.99 Million	13.64%	0.97x	$3.86 Billion
Dalian Friendship Group Co Ltd (000679)	$731.51 Million	-1.26%	1.79x	$395.32 Million
Zhongxing Shenyang Commercial Building Group Co Ltd (000715)	$610.69 Million	6.19%	0.54x	$374.85 Million
Easyhome New Retail Group Co Ltd (000785)	$21.00 Billion	6.19%	1.56x	$1.97 Billion
Beijing Hualian Department Store Co Ltd (000882)	$6.26 Billion	1.85%	0.72x	$532.75 Million
Guangzhou Grandbuy Co Ltd (002187)	$2.11 Billion	9.12%	1.20x	$513.84 Million
Better Life Commercial Chain Share Co Ltd (002251)	$6.40 Billion	2.07%	1.27x	$1.51 Billion

About Lanzhou Minbai Shareholding Group Co Ltd

SHG:600738 China Department Stores

Market Cap

$431.15 Million

CN¥2.95 Billion CNY

Market Cap Rank

#13165 Global

#3937 in China

Share Price

CN¥3.87

Change (1 day)

-1.02%

52-Week Range

CN¥3.87 - CN¥5.95

All Time High

CN¥9.43