Maoye Commercial Co Ltd

SHG:600828 China Department Stores
Market Cap
$1.43 Billion
CN¥10.51 Billion CNY
Market Cap Rank
#13572 Global
#3519 in China
Share Price
CN¥6.07
Change (1 day)
-3.04%
52-Week Range
CN¥2.84 - CN¥8.04
All Time High
CN¥9.29
Categories
Companies in China Department Stores
About

Maoye Commercial Co., Ltd., together with its subsidiaries, operates and manages department stores, supermarkets, shopping centers, and outlets in the People's Republic of China. The company operates stores under the Maoye Tiandi, Maoye Department Store, Renhe Spring, Renmin Department Store, and Victoria names. It also provides property management and hospitality services, as well as operates ho… Read more

Maoye Commercial Co Ltd (600828) - Net Assets

Latest net assets as of September 2025: CN¥7.56 Billion CNY

Based on the latest financial reports, Maoye Commercial Co Ltd (600828) has net assets worth CN¥7.56 Billion 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¥18.09 Billion) and total liabilities (CN¥10.53 Billion). 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¥7.56 Billion
% of Total Assets 41.78%
Annual Growth Rate 12.43%
5-Year Change 5.65%
10-Year Change 470.5%
Growth Volatility 51.4

Maoye Commercial Co Ltd - Net Assets Trend (1994–2024)

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

Annual Net Assets for Maoye Commercial Co Ltd (1994–2024)

The table below shows the annual net assets of Maoye Commercial Co Ltd from 1994 to 2024.

Year Net Assets Change
2024-12-31 CN¥7.51 Billion -0.32%
2023-12-31 CN¥7.54 Billion -2.26%
2022-12-31 CN¥7.71 Billion +1.16%
2021-12-31 CN¥7.62 Billion +7.20%
2020-12-31 CN¥7.11 Billion -9.04%
2019-12-31 CN¥7.82 Billion +17.71%
2018-12-31 CN¥6.64 Billion +8.13%
2017-12-31 CN¥6.14 Billion +37.70%
2016-12-31 CN¥4.46 Billion +238.69%
2015-12-31 CN¥1.32 Billion +4.00%
2014-12-31 CN¥1.27 Billion +10.63%
2013-12-31 CN¥1.14 Billion +19.53%
2012-12-31 CN¥957.37 Million +15.96%
2011-12-31 CN¥825.62 Million +32.16%
2010-12-31 CN¥624.69 Million +20.41%
2009-12-31 CN¥518.80 Million +31.39%
2008-12-31 CN¥394.86 Million +34.59%
2007-12-31 CN¥293.37 Million +121.79%
2006-12-31 CN¥132.27 Million -34.30%
2005-12-31 CN¥201.34 Million -57.79%
2004-12-31 CN¥477.02 Million +11.12%
2003-12-31 CN¥429.29 Million -7.32%
2002-12-31 CN¥463.21 Million +0.52%
2001-12-31 CN¥460.80 Million -0.44%
2000-12-31 CN¥462.85 Million +1.60%
1999-12-31 CN¥455.55 Million -7.44%
1998-12-31 CN¥492.15 Million +19.61%
1997-12-31 CN¥411.48 Million +89.49%
1996-12-31 CN¥217.15 Million +3.67%
1995-12-31 CN¥209.47 Million -6.36%
1994-12-31 CN¥223.68 Million --

Equity Component Analysis

This analysis shows how different components contribute to Maoye Commercial 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 8659.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥2.41 Billion 34.52%
Common Stock CN¥1.73 Billion 24.83%
Other Comprehensive Income CN¥3.00 Billion 42.98%
Total Equity CN¥6.98 Billion 100.00%

Maoye Commercial Co Ltd Competitors by Market Cap

The table below lists competitors of Maoye Commercial Co Ltd ranked by their market capitalization.

Company Market Cap
ON THE BEACH GRP LS 001
F:9BP
 		$262.94 Million
Zhengzhou Qianweiyangchu Food Co Ltd
SHE:001215
 		$263.05 Million
Yunnan Shennong Agricultural Industry Group Co Ltd
SHG:605296
 		$263.07 Million
China Resources Medical Holdings Company Limited
F:1PH
 		$263.18 Million
Nanjing Shenghang Shipping Co Ltd
SHE:001205
 		$262.70 Million
Enento Group Plc
HE:ENENTO
 		$262.54 Million
Shenzhen KTC Technology Co. Ltd.
SHE:001308
 		$262.54 Million
CAPITAL BANCORP. DL-01
F:316
 		$262.53 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Maoye Commercial Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 6,991,132,559 to 6,975,765,968, a change of -15,366,591 (-0.2%).
  • Net income of 37,146,633 contributed positively to equity growth.
  • Dividend payments of 362,481,709 reduced retained earnings.
  • Other comprehensive income increased equity by 360,959,129.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥37.15 Million +0.53%
Dividends Paid CN¥362.48 Million -5.2%
Other Comprehensive Income CN¥360.96 Million +5.17%
Other Changes CN¥-50.99 Million -0.73%
Total Change CN¥- -0.22%

Book Value vs Market Value Analysis

This analysis compares Maoye Commercial 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: 1.51x
  • 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 14.62x to 1.51x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1994-12-31 CN¥0.42 CN¥6.07 x
1995-12-31 CN¥0.39 CN¥6.07 x
1996-12-31 CN¥0.40 CN¥6.07 x
1997-12-31 CN¥0.76 CN¥6.07 x
1998-12-31 CN¥0.86 CN¥6.07 x
1999-12-31 CN¥0.79 CN¥6.07 x
2000-12-31 CN¥0.80 CN¥6.07 x
2001-12-31 CN¥0.81 CN¥6.07 x
2002-12-31 CN¥0.81 CN¥6.07 x
2003-12-31 CN¥0.76 CN¥6.07 x
2004-12-31 CN¥0.78 CN¥6.07 x
2005-12-31 CN¥0.32 CN¥6.07 x
2006-12-31 CN¥0.21 CN¥6.07 x
2007-12-31 CN¥0.51 CN¥6.07 x
2008-12-31 CN¥0.70 CN¥6.07 x
2009-12-31 CN¥0.88 CN¥6.07 x
2010-12-31 CN¥1.07 CN¥6.07 x
2011-12-31 CN¥1.39 CN¥6.07 x
2012-12-31 CN¥1.63 CN¥6.07 x
2013-12-31 CN¥1.96 CN¥6.07 x
2014-12-31 CN¥2.19 CN¥6.07 x
2015-12-31 CN¥0.75 CN¥6.07 x
2016-12-31 CN¥2.26 CN¥6.07 x
2017-12-31 CN¥3.01 CN¥6.07 x
2018-12-31 CN¥3.24 CN¥6.07 x
2019-12-31 CN¥3.90 CN¥6.07 x
2020-12-31 CN¥3.79 CN¥6.07 x
2021-12-31 CN¥4.08 CN¥6.07 x
2022-12-31 CN¥4.14 CN¥6.07 x
2023-12-31 CN¥4.04 CN¥6.07 x
2024-12-31 CN¥4.03 CN¥6.07 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Maoye Commercial 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): 0.53%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 1.37%
  • • Asset Turnover: 0.15x
  • • Equity Multiplier: 2.68x
  • Recent ROE (0.53%) is below the historical average (5.41%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1994 15.36% 4.98% 2.05x 1.50x CN¥11.99 Million
1995 18.11% 5.18% 1.85x 1.89x CN¥16.99 Million
1996 17.66% 4.62% 1.86x 2.05x CN¥16.64 Million
1997 11.39% 4.80% 1.18x 2.01x CN¥5.70 Million
1998 10.71% 4.19% 1.19x 2.15x CN¥3.29 Million
1999 8.28% 2.54% 1.37x 2.38x CN¥-7.30 Million
2000 5.59% 1.68% 1.45x 2.30x CN¥-19.01 Million
2001 4.68% 1.44% 1.47x 2.21x CN¥-23.21 Million
2002 2.42% 0.74% 1.52x 2.15x CN¥-33.21 Million
2003 -5.16% -1.49% 1.28x 2.69x CN¥-62.31 Million
2004 2.50% 0.84% 0.87x 3.41x CN¥-31.70 Million
2005 -142.80% -21.69% 1.04x 6.32x CN¥-265.55 Million
2006 -53.11% -5.64% 0.89x 10.53x CN¥-71.20 Million
2007 26.50% 5.34% 1.09x 4.54x CN¥45.10 Million
2008 27.18% 7.18% 0.97x 3.89x CN¥64.68 Million
2009 25.41% 7.42% 1.16x 2.95x CN¥77.53 Million
2010 22.66% 8.08% 1.06x 2.64x CN¥77.28 Million
2011 24.62% 9.59% 0.97x 2.63x CN¥116.23 Million
2012 16.23% 7.02% 0.96x 2.40x CN¥57.84 Million
2013 18.33% 9.24% 0.96x 2.07x CN¥92.95 Million
2014 15.54% 9.39% 0.89x 1.85x CN¥69.18 Million
2015 5.92% 4.03% 0.66x 2.22x CN¥-53.14 Million
2016 14.54% 6.03% 0.59x 4.05x CN¥177.41 Million
2017 19.85% 8.80% 0.66x 3.41x CN¥513.40 Million
2018 21.49% 9.19% 0.67x 3.47x CN¥644.10 Million
2019 18.66% 10.29% 0.64x 2.84x CN¥584.50 Million
2020 3.25% 5.76% 0.19x 2.93x CN¥-443.14 Million
2021 5.79% 9.82% 0.20x 3.03x CN¥-297.15 Million
2022 4.77% 10.02% 0.17x 2.86x CN¥-374.39 Million
2023 0.73% 1.60% 0.16x 2.84x CN¥-648.36 Million
2024 0.53% 1.37% 0.15x 2.68x CN¥-660.43 Million

Industry Comparison

This section compares Maoye Commercial Co Ltd's net assets metrics with peer companies in the Department Stores industry.

Industry Context

  • Industry: Department Stores
  • Average net assets among peers: $1,108,789,683
  • Average return on equity (ROE) among peers: 12.38%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Maoye Commercial Co Ltd (600828) CN¥7.56 Billion 15.36% 1.39x $262.94 Million
Hefei Department Store Group Co Ltd (000417) $881.33 Million 5.99% 1.64x $186.03 Million
Changsha Tongcheng Holdings Co Ltd (000419) $895.76 Million 11.76% 2.56x $228.55 Million
Wushang Group Co Ltd (000501) $351.97 Million 7.19% 0.32x $549.14 Million
CCOOP Group Co Ltd (000564) $592.19 Million 4.11% 0.65x $3.78 Billion
Dalian Friendship Group Co Ltd (000679) $2.09 Billion 2.71% 3.27x $232.02 Million
Zhongxing Shenyang Commercial Building Group Co Ltd (000715) $1.01 Billion 6.59% 0.81x $200.17 Million
Easyhome New Retail Group Co Ltd (000785) $152.21 Million 30.40% 1.32x $997.89 Million
Guangzhou Grandbuy Co Ltd (002187) $3.72 Billion 7.01% 1.60x $414.68 Million
Better Life Commercial Chain Share Co Ltd (002251) $246.97 Million 35.41% 3.25x $1.28 Billion
New Huadu Supercenter Co Ltd (002264) $1.16 Billion 12.62% 1.43x $398.10 Million