Lanzhou Minbai Shareholding Group Co Ltd (600738) - Net Assets
Based on the latest financial reports, Lanzhou Minbai Shareholding Group Co Ltd (600738) has net assets worth CN¥2.04 Billion CNY (≈ $298.79 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¥3.16 Billion ≈ $461.72 Million USD) and total liabilities (CN¥1.11 Billion ≈ $162.92 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 financial resilience of Lanzhou Minbai Shareholding Group Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.04 Billion |
| % of Total Assets | 64.71% |
| Annual Growth Rate | 8.67% |
| 5-Year Change | 13.62% |
| 10-Year Change | 62.08% |
| Growth Volatility | 28.76 |
Lanzhou Minbai Shareholding Group Co Ltd - Net Assets Trend (1995–2024)
This chart illustrates how Lanzhou Minbai Shareholding Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Lanzhou Minbai Shareholding Group Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Lanzhou Minbai Shareholding Group Co Ltd (1995–2024)
The table below shows the annual net assets of Lanzhou Minbai Shareholding Group Co Ltd from 1995 to 2024. For live valuation and market cap data, see market cap of Lanzhou Minbai Shareholding Group Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 18956.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥707.22 Million | 36.62% |
| Common Stock | CN¥761.34 Million | 39.42% |
| Other Comprehensive Income | CN¥345.36 Million | 17.88% |
| Other Components | CN¥117.47 Million | 6.08% |
| Total Equity | CN¥1.93 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 |
|---|---|
|
Ardmore Shipping Corporation
F:A61
|
$534.92 Million |
|
Jiangsu Smartwin Electronics Technology Co.Ltd.
SHE:301106
|
$534.95 Million |
|
Bradespar S.A
SA:BRAP3
|
$535.02 Million |
|
MK Restaurant Group Public Company Limited
BK:M
|
$535.14 Million |
|
Tianjin Pengling Rubber Hose Co Ltd
SHE:300375
|
$534.75 Million |
|
Wuhan DDMC Culture Co Ltd
SHG:600136
|
$534.56 Million |
|
Hefei Taihe Optoelectronic
SHG:603656
|
$534.34 Million |
|
Surfilter Network Technology Co Ltd
SHE:300311
|
$534.27 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 2023 to 2024, total equity changed from 1,941,311,110 to 1,931,389,965, a change of -9,921,145 (-0.5%).
- Net income of 72,552,499 contributed positively to equity growth.
- Dividend payments of 52,939,077 reduced retained earnings.
- Share repurchases of 55,587,053 reduced equity.
- Other comprehensive income increased equity by 345,362,433.
- Other factors decreased equity by 319,309,947.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥72.55 Million | +3.76% |
| Dividends Paid | CN¥52.94 Million | -2.74% |
| Share Repurchases | CN¥55.59 Million | -2.88% |
| Other Comprehensive Income | CN¥345.36 Million | +17.88% |
| Other Changes | CN¥-319.31 Million | -16.53% |
| Total Change | CN¥- | -0.51% |
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: 1.80x
- 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 7.39x to 1.80x 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¥4.80 | x |
| 1996-12-31 | CN¥0.75 | CN¥4.80 | x |
| 1997-12-31 | CN¥0.80 | CN¥4.80 | x |
| 1998-12-31 | CN¥0.88 | CN¥4.80 | x |
| 1999-12-31 | CN¥1.27 | CN¥4.80 | x |
| 2000-12-31 | CN¥1.41 | CN¥4.80 | x |
| 2001-12-31 | CN¥1.18 | CN¥4.80 | x |
| 2002-12-31 | CN¥0.90 | CN¥4.80 | x |
| 2003-12-31 | CN¥0.91 | CN¥4.80 | x |
| 2004-12-31 | CN¥0.93 | CN¥4.80 | x |
| 2005-12-31 | CN¥0.94 | CN¥4.80 | x |
| 2006-12-31 | CN¥1.16 | CN¥4.80 | x |
| 2007-12-31 | CN¥1.52 | CN¥4.80 | x |
| 2008-12-31 | CN¥1.42 | CN¥4.80 | x |
| 2009-12-31 | CN¥1.62 | CN¥4.80 | x |
| 2010-12-31 | CN¥1.40 | CN¥4.80 | x |
| 2011-12-31 | CN¥1.58 | CN¥4.80 | x |
| 2012-12-31 | CN¥1.29 | CN¥4.80 | x |
| 2013-12-31 | CN¥2.79 | CN¥4.80 | x |
| 2014-12-31 | CN¥2.98 | CN¥4.80 | x |
| 2015-12-31 | CN¥3.22 | CN¥4.80 | x |
| 2016-12-31 | CN¥1.59 | CN¥4.80 | x |
| 2017-12-31 | CN¥2.30 | CN¥4.80 | x |
| 2018-12-31 | CN¥3.86 | CN¥4.80 | x |
| 2019-12-31 | CN¥2.07 | CN¥4.80 | x |
| 2020-12-31 | CN¥2.18 | CN¥4.80 | x |
| 2021-12-31 | CN¥2.38 | CN¥4.80 | x |
| 2022-12-31 | CN¥2.44 | CN¥4.80 | x |
| 2023-12-31 | CN¥2.58 | CN¥4.80 | x |
| 2024-12-31 | CN¥2.66 | CN¥4.80 | 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): 3.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.89%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 1.81x
- Recent ROE (3.76%) is below the historical average (7.99%), 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 |
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: $3,423,601,112
- Average return on equity (ROE) among peers: 9.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lanzhou Minbai Shareholding Group Co Ltd (600738) | CN¥2.04 Billion | 11.72% | 0.55x | $534.75 Million |
| Hefei Department Store Group Co Ltd (000417) | $678.42 Million | 3.74% | 0.95x | $763.47 Million |
| Changsha Tongcheng Holdings Co Ltd (000419) | $709.40 Million | 4.90% | 1.19x | $463.74 Million |
| Wushang Group Co Ltd (000501) | $1.48 Billion | 8.79% | 0.63x | $942.98 Million |
| CCOOP Group Co Ltd (000564) | $25.85 Billion | -17.56% | 0.82x | $4.62 Billion |
| Dalian Friendship Group Co Ltd (000679) | $740.14 Million | 3.92% | 1.00x | $377.58 Million |
| Zhongxing Shenyang Commercial Building Group Co Ltd (000715) | $883.51 Million | 7.10% | 0.52x | $473.70 Million |
| Easyhome New Retail Group Co Ltd (000785) | $973.21 Million | 2.68% | 1.96x | $2.35 Billion |
| Beijing Hualian Department Store Co Ltd (000882) | $140.55 Million | 36.98% | 0.74x | $660.93 Million |
| Guangzhou Grandbuy Co Ltd (002187) | $2.38 Billion | 10.01% | 0.90x | $634.86 Million |
| Better Life Commercial Chain Share Co Ltd (002251) | $403.01 Million | 30.68% | 2.74x | $1.63 Billion |
About Lanzhou Minbai Shareholding Group Co Ltd
Lanzhou Lishang Guochao Industrial Group Co.,Ltd operates department stores in China and internationally. It offers various products, such as food, cosmetics, jewelry, clothing, footwear, sports goods, household appliances, etc. It also operates hotels, restaurants, and boutique supermarkets. In addition, it constructs shopping malls and hotels. The company was formerly known as Lanzhou Minbaisha… Read more