Maoye Commercial Co Ltd (600828) - Net Assets

Latest as of September 2025: CN¥7.56 Billion CNY ≈ $1.11 Billion USD

Based on the latest financial reports, Maoye Commercial Co Ltd (600828) has net assets worth CN¥7.56 Billion CNY (≈ $1.11 Billion 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¥18.09 Billion ≈ $2.65 Billion USD) and total liabilities (CN¥10.53 Billion ≈ $1.54 Billion 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 600828 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore total assets of Maoye Commercial Co Ltd for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market cap of Maoye Commercial Co Ltd.

Year	Net Assets	Change
2024-12-31	CN¥7.51 Billion ≈ $1.10 Billion	-0.32%
2023-12-31	CN¥7.54 Billion ≈ $1.10 Billion	-2.26%
2022-12-31	CN¥7.71 Billion ≈ $1.13 Billion	+1.16%
2021-12-31	CN¥7.62 Billion ≈ $1.12 Billion	+7.20%
2020-12-31	CN¥7.11 Billion ≈ $1.04 Billion	-9.04%
2019-12-31	CN¥7.82 Billion ≈ $1.14 Billion	+17.71%
2018-12-31	CN¥6.64 Billion ≈ $971.66 Million	+8.13%
2017-12-31	CN¥6.14 Billion ≈ $898.59 Million	+37.70%
2016-12-31	CN¥4.46 Billion ≈ $652.57 Million	+238.69%
2015-12-31	CN¥1.32 Billion ≈ $192.67 Million	+4.00%
2014-12-31	CN¥1.27 Billion ≈ $185.26 Million	+10.63%
2013-12-31	CN¥1.14 Billion ≈ $167.45 Million	+19.53%
2012-12-31	CN¥957.37 Million ≈ $140.09 Million	+15.96%
2011-12-31	CN¥825.62 Million ≈ $120.81 Million	+32.16%
2010-12-31	CN¥624.69 Million ≈ $91.41 Million	+20.41%
2009-12-31	CN¥518.80 Million ≈ $75.92 Million	+31.39%
2008-12-31	CN¥394.86 Million ≈ $57.78 Million	+34.59%
2007-12-31	CN¥293.37 Million ≈ $42.93 Million	+121.79%
2006-12-31	CN¥132.27 Million ≈ $19.36 Million	-34.30%
2005-12-31	CN¥201.34 Million ≈ $29.46 Million	-57.79%
2004-12-31	CN¥477.02 Million ≈ $69.80 Million	+11.12%
2003-12-31	CN¥429.29 Million ≈ $62.82 Million	-7.32%
2002-12-31	CN¥463.21 Million ≈ $67.78 Million	+0.52%
2001-12-31	CN¥460.80 Million ≈ $67.43 Million	-0.44%
2000-12-31	CN¥462.85 Million ≈ $67.73 Million	+1.60%
1999-12-31	CN¥455.55 Million ≈ $66.66 Million	-7.44%
1998-12-31	CN¥492.15 Million ≈ $72.02 Million	+19.61%
1997-12-31	CN¥411.48 Million ≈ $60.21 Million	+89.49%
1996-12-31	CN¥217.15 Million ≈ $31.78 Million	+3.67%
1995-12-31	CN¥209.47 Million ≈ $30.65 Million	-6.36%
1994-12-31	CN¥223.68 Million ≈ $32.73 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
Huaku Development Co Ltd TW:2548	$1.27 Billion
Guangdong Sky Dragon Printing Ink Group Co Ltd SHE:300063	$1.27 Billion
Guizhou Qianyuan Power Co Ltd SHE:002039	$1.27 Billion
Jiangxi Hungpai New Material Co Ltd SHG:605366	$1.27 Billion
Sino Prima Gas Technology Co Ltd SHE:300483	$1.27 Billion
Guangzhou KDT Machinery Co Ltd SHE:002833	$1.27 Billion
Shanghai Diesel Engine Co Ltd A SHG:600841	$1.27 Billion
Tamilnad Mercantile Bank Limited NSE:TMB	$1.27 Billion

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: 1.24x
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 12.04x to 1.24x 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¥5.00	x
1995-12-31	CN¥0.39	CN¥5.00	x
1996-12-31	CN¥0.40	CN¥5.00	x
1997-12-31	CN¥0.76	CN¥5.00	x
1998-12-31	CN¥0.86	CN¥5.00	x
1999-12-31	CN¥0.79	CN¥5.00	x
2000-12-31	CN¥0.80	CN¥5.00	x
2001-12-31	CN¥0.81	CN¥5.00	x
2002-12-31	CN¥0.81	CN¥5.00	x
2003-12-31	CN¥0.76	CN¥5.00	x
2004-12-31	CN¥0.78	CN¥5.00	x
2005-12-31	CN¥0.32	CN¥5.00	x
2006-12-31	CN¥0.21	CN¥5.00	x
2007-12-31	CN¥0.51	CN¥5.00	x
2008-12-31	CN¥0.70	CN¥5.00	x
2009-12-31	CN¥0.88	CN¥5.00	x
2010-12-31	CN¥1.07	CN¥5.00	x
2011-12-31	CN¥1.39	CN¥5.00	x
2012-12-31	CN¥1.63	CN¥5.00	x
2013-12-31	CN¥1.96	CN¥5.00	x
2014-12-31	CN¥2.19	CN¥5.00	x
2015-12-31	CN¥0.75	CN¥5.00	x
2016-12-31	CN¥2.26	CN¥5.00	x
2017-12-31	CN¥3.01	CN¥5.00	x
2018-12-31	CN¥3.24	CN¥5.00	x
2019-12-31	CN¥3.90	CN¥5.00	x
2020-12-31	CN¥3.79	CN¥5.00	x
2021-12-31	CN¥4.08	CN¥5.00	x
2022-12-31	CN¥4.14	CN¥5.00	x
2023-12-31	CN¥4.04	CN¥5.00	x
2024-12-31	CN¥4.03	CN¥5.00	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: $1,784,586,171
Average return on equity (ROE) among peers: 7.52%

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	$1.27 Billion
Hefei Department Store Group Co Ltd (000417)	$3.72 Billion	9.85%	1.14x	$763.47 Million
Changsha Tongcheng Holdings Co Ltd (000419)	$895.76 Million	11.76%	2.56x	$463.74 Million
Wushang Group Co Ltd (000501)	$1.56 Billion	15.35%	2.76x	$942.98 Million
CCOOP Group Co Ltd (000564)	$512.88 Million	0.56%	1.27x	$4.62 Billion
Dalian Friendship Group Co Ltd (000679)	$275.21 Million	-13.50%	2.47x	$377.58 Million
Zhongxing Shenyang Commercial Building Group Co Ltd (000715)	$1.22 Billion	7.30%	0.75x	$473.70 Million
Easyhome New Retail Group Co Ltd (000785)	$636.92 Million	1.30%	2.21x	$2.35 Billion
Beijing Hualian Department Store Co Ltd (000882)	$6.26 Billion	1.85%	0.72x	$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 Maoye Commercial Co Ltd

SHG:600828 China Department Stores

Market Cap

$1.27 Billion

CN¥8.66 Billion CNY

Market Cap Rank

#8079 Global

#2032 in China

Share Price

CN¥5.00

Change (1 day)

-0.40%

52-Week Range

CN¥3.73 - CN¥8.04

All Time High

CN¥9.29