Shanghai Haixin Group Co Ltd A (600851) - Net Assets
Based on the latest financial reports, Shanghai Haixin Group Co Ltd A (600851) has net assets worth CN¥4.75 Billion CNY (≈ $694.60 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¥5.56 Billion ≈ $813.61 Million USD) and total liabilities (CN¥813.34 Million ≈ $119.02 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 tangible equity quality of Shanghai Haixin Group Co Ltd A to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.75 Billion |
| % of Total Assets | 85.37% |
| Annual Growth Rate | 8.23% |
| 5-Year Change | 14.8% |
| 10-Year Change | 13.31% |
| Growth Volatility | 37.29 |
Shanghai Haixin Group Co Ltd A - Net Assets Trend (1993–2025)
This chart illustrates how Shanghai Haixin Group Co Ltd A's net assets have evolved over time, based on quarterly financial data. See Shanghai Haixin Group Co Ltd A (600851) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shanghai Haixin Group Co Ltd A (1993–2025)
The table below shows the annual net assets of Shanghai Haixin Group Co Ltd A from 1993 to 2025. For live valuation and market cap data, see 600851 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥4.92 Billion ≈ $719.45 Million |
+9.23% |
| 2024-12-31 | CN¥4.50 Billion ≈ $658.63 Million |
+8.84% |
| 2023-12-31 | CN¥4.14 Billion ≈ $605.13 Million |
+2.90% |
| 2022-12-31 | CN¥4.02 Billion ≈ $588.08 Million |
-6.16% |
| 2021-12-31 | CN¥4.28 Billion ≈ $626.71 Million |
-2.21% |
| 2020-12-31 | CN¥4.38 Billion ≈ $640.86 Million |
+8.18% |
| 2019-12-31 | CN¥4.05 Billion ≈ $592.42 Million |
+11.67% |
| 2018-12-31 | CN¥3.63 Billion ≈ $530.49 Million |
-8.22% |
| 2017-12-31 | CN¥3.95 Billion ≈ $578.00 Million |
-8.97% |
| 2016-12-31 | CN¥4.34 Billion ≈ $634.93 Million |
-9.66% |
| 2015-12-31 | CN¥4.80 Billion ≈ $702.85 Million |
-13.30% |
| 2014-12-31 | CN¥5.54 Billion ≈ $810.69 Million |
+72.29% |
| 2013-12-31 | CN¥3.22 Billion ≈ $470.54 Million |
+3.32% |
| 2012-12-31 | CN¥3.11 Billion ≈ $455.40 Million |
+12.95% |
| 2011-12-31 | CN¥2.76 Billion ≈ $403.21 Million |
-15.45% |
| 2010-12-31 | CN¥3.26 Billion ≈ $476.91 Million |
-23.67% |
| 2009-12-31 | CN¥4.27 Billion ≈ $624.82 Million |
+52.92% |
| 2008-12-31 | CN¥2.79 Billion ≈ $408.59 Million |
-55.15% |
| 2007-12-31 | CN¥6.23 Billion ≈ $911.10 Million |
+161.67% |
| 2006-12-31 | CN¥2.38 Billion ≈ $348.19 Million |
-1.38% |
| 2005-12-31 | CN¥2.41 Billion ≈ $353.07 Million |
-0.90% |
| 2004-12-31 | CN¥2.43 Billion ≈ $356.29 Million |
+3.80% |
| 2003-12-31 | CN¥2.35 Billion ≈ $343.26 Million |
+11.69% |
| 2002-12-31 | CN¥2.10 Billion ≈ $307.34 Million |
+7.20% |
| 2001-12-31 | CN¥1.96 Billion ≈ $286.70 Million |
+5.93% |
| 2000-12-31 | CN¥1.85 Billion ≈ $270.65 Million |
+90.65% |
| 1999-12-31 | CN¥970.14 Million ≈ $141.96 Million |
+10.77% |
| 1998-12-31 | CN¥875.84 Million ≈ $128.16 Million |
+2.37% |
| 1997-12-31 | CN¥855.56 Million ≈ $125.20 Million |
+39.32% |
| 1996-12-31 | CN¥614.12 Million ≈ $89.86 Million |
+13.76% |
| 1995-12-31 | CN¥539.86 Million ≈ $79.00 Million |
+22.20% |
| 1994-12-31 | CN¥441.79 Million ≈ $64.65 Million |
+12.95% |
| 1993-12-31 | CN¥391.15 Million ≈ $57.24 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanghai Haixin Group Co Ltd A'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 8631.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.19 Billion | 25.21% |
| Other Components | CN¥3.53 Billion | 74.79% |
| Total Equity | CN¥4.72 Billion | 100.00% |
Shanghai Haixin Group Co Ltd A Competitors by Market Cap
The table below lists competitors of Shanghai Haixin Group Co Ltd A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Seegene Inc
KQ:096530
|
$868.76 Million |
|
Shenzhen Centralcon Investment Holding Co Ltd
SHE:000042
|
$868.76 Million |
|
Sunrise Group Co Ltd
SHE:002752
|
$869.16 Million |
|
Taihe Technologies
SHE:300801
|
$869.40 Million |
|
Youcare Pharmaceutical Group Co. Ltd. A
SHG:688658
|
$867.89 Million |
|
ARS Pharmaceuticals, Inc
NASDAQ:SPRY
|
$867.89 Million |
|
Gansu Yatai Industrial Development Co Ltd
SHE:000691
|
$867.80 Million |
|
Cangzhou Dahua Co Ltd
SHG:600230
|
$867.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Haixin Group Co Ltd A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,334,362,916 to 4,717,631,361, a change of 383,268,445 (8.8%).
- Net income of 175,995,788 contributed positively to equity growth.
- Dividend payments of 48,978,444 reduced retained earnings.
- Other comprehensive income decreased equity by 1,853,080,676.
- Other factors increased equity by 2,109,331,777.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥176.00 Million | +3.73% |
| Dividends Paid | CN¥48.98 Million | -1.04% |
| Other Comprehensive Income | CN¥-1.85 Billion | -39.28% |
| Other Changes | CN¥2.11 Billion | +44.71% |
| Total Change | CN¥- | 8.84% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Haixin Group Co Ltd A'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: 2.06x
- 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 15.76x to 2.06x 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¥0.51 | CN¥8.04 | x |
| 1995-12-31 | CN¥0.49 | CN¥8.04 | x |
| 1996-12-31 | CN¥0.55 | CN¥8.04 | x |
| 1997-12-31 | CN¥0.80 | CN¥8.04 | x |
| 1998-12-31 | CN¥0.84 | CN¥8.04 | x |
| 1999-12-31 | CN¥0.94 | CN¥8.04 | x |
| 2000-12-31 | CN¥1.34 | CN¥8.04 | x |
| 2001-12-31 | CN¥1.41 | CN¥8.04 | x |
| 2002-12-31 | CN¥1.49 | CN¥8.04 | x |
| 2003-12-31 | CN¥1.65 | CN¥8.04 | x |
| 2004-12-31 | CN¥1.74 | CN¥8.04 | x |
| 2005-12-31 | CN¥1.70 | CN¥8.04 | x |
| 2006-12-31 | CN¥1.66 | CN¥8.04 | x |
| 2007-12-31 | CN¥4.88 | CN¥8.04 | x |
| 2008-12-31 | CN¥2.12 | CN¥8.04 | x |
| 2009-12-31 | CN¥3.35 | CN¥8.04 | x |
| 2010-12-31 | CN¥2.51 | CN¥8.04 | x |
| 2011-12-31 | CN¥2.09 | CN¥8.04 | x |
| 2012-12-31 | CN¥2.39 | CN¥8.04 | x |
| 2013-12-31 | CN¥2.48 | CN¥8.04 | x |
| 2014-12-31 | CN¥4.41 | CN¥8.04 | x |
| 2015-12-31 | CN¥3.79 | CN¥8.04 | x |
| 2016-12-31 | CN¥3.43 | CN¥8.04 | x |
| 2017-12-31 | CN¥3.13 | CN¥8.04 | x |
| 2018-12-31 | CN¥2.83 | CN¥8.04 | x |
| 2019-12-31 | CN¥3.19 | CN¥8.04 | x |
| 2020-12-31 | CN¥3.47 | CN¥8.04 | x |
| 2021-12-31 | CN¥3.42 | CN¥8.04 | x |
| 2022-12-31 | CN¥3.18 | CN¥8.04 | x |
| 2023-12-31 | CN¥3.29 | CN¥8.04 | x |
| 2024-12-31 | CN¥3.59 | CN¥8.04 | x |
| 2025-12-31 | CN¥3.91 | CN¥8.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Haixin Group Co Ltd A 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): 3.73%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.23%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.24x
- Recent ROE (3.73%) is below the historical average (5.17%), 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 | 16.75% | 19.35% | 0.71x | 1.22x | CN¥29.73 Million |
| 1995 | 12.68% | 12.35% | 0.58x | 1.77x | CN¥11.45 Million |
| 1996 | 16.09% | 12.76% | 0.56x | 2.26x | CN¥28.73 Million |
| 1997 | 16.77% | 13.08% | 0.60x | 2.14x | CN¥46.85 Million |
| 1998 | 12.51% | 11.46% | 0.52x | 2.09x | CN¥18.12 Million |
| 1999 | 11.59% | 12.47% | 0.43x | 2.15x | CN¥12.97 Million |
| 2000 | 7.23% | 12.16% | 0.36x | 1.65x | CN¥-44.88 Million |
| 2001 | 8.60% | 13.39% | 0.36x | 1.78x | CN¥-23.86 Million |
| 2002 | 8.80% | 9.67% | 0.49x | 1.84x | CN¥-21.54 Million |
| 2003 | 8.76% | 9.54% | 0.51x | 1.79x | CN¥-24.59 Million |
| 2004 | 7.72% | 8.39% | 0.51x | 1.82x | CN¥-47.93 Million |
| 2005 | 2.82% | 3.04% | 0.50x | 1.86x | CN¥-147.08 Million |
| 2006 | 0.18% | 0.20% | 0.47x | 1.97x | CN¥-196.24 Million |
| 2007 | 0.09% | 0.33% | 0.17x | 1.52x | CN¥-583.60 Million |
| 2008 | -13.45% | -24.17% | 0.34x | 1.63x | CN¥-601.18 Million |
| 2009 | 0.18% | 0.62% | 0.19x | 1.53x | CN¥-396.86 Million |
| 2010 | 0.50% | 1.24% | 0.26x | 1.54x | CN¥-288.68 Million |
| 2011 | 1.51% | 3.02% | 0.32x | 1.57x | CN¥-214.70 Million |
| 2012 | 1.80% | 3.95% | 0.30x | 1.51x | CN¥-236.29 Million |
| 2013 | 2.19% | 5.18% | 0.29x | 1.47x | CN¥-233.75 Million |
| 2014 | 5.46% | 26.21% | 0.15x | 1.36x | CN¥-241.81 Million |
| 2015 | 3.44% | 14.97% | 0.17x | 1.32x | CN¥-300.01 Million |
| 2016 | 2.17% | 8.89% | 0.19x | 1.31x | CN¥-324.74 Million |
| 2017 | 2.78% | 10.53% | 0.20x | 1.29x | CN¥-272.87 Million |
| 2018 | 3.95% | 12.31% | 0.24x | 1.32x | CN¥-206.82 Million |
| 2019 | 2.70% | 9.35% | 0.22x | 1.34x | CN¥-280.93 Million |
| 2020 | 2.85% | 12.80% | 0.17x | 1.34x | CN¥-299.52 Million |
| 2021 | 3.20% | 8.74% | 0.28x | 1.29x | CN¥-280.74 Million |
| 2022 | 4.27% | 11.39% | 0.29x | 1.28x | CN¥-220.30 Million |
| 2023 | 4.19% | 14.04% | 0.24x | 1.24x | CN¥-230.47 Million |
| 2024 | 3.48% | 18.97% | 0.15x | 1.23x | CN¥-282.50 Million |
| 2025 | 3.73% | 23.23% | 0.13x | 1.24x | CN¥-295.77 Million |
Industry Comparison
This section compares Shanghai Haixin Group Co Ltd A's net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $1,836,651,313
- Average return on equity (ROE) among peers: 1.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Haixin Group Co Ltd A (600851) | CN¥4.75 Billion | 16.75% | 0.17x | $868.50 Million |
| China Baoan Group Co Ltd (000009) | $1.71 Billion | 4.19% | 1.86x | $2.58 Billion |
| Yunding Technology Co Ltd (000409) | $570.49 Million | 12.95% | 0.75x | $861.84 Million |
| Create Technology & Science Co Ltd (000551) | $2.78 Billion | 7.06% | 0.96x | $1.11 Billion |
| Sundiro Holding Co Ltd (000571) | $1.66 Billion | 7.68% | 0.23x | $650.79 Million |
| Guangdong Ganhua Science & Industry Co Ltd (000576) | $1.79 Billion | 6.66% | 0.12x | $453.42 Million |
| Macrolink Real Estate Co Ltd (000620) | $2.89 Million | 16.45% | 0.65x | $2.54 Billion |
| Tianjin Economic-technological Development Area Co Ltd (000652) | $6.61 Billion | 2.77% | 5.23x | $755.73 Million |
| CHTC Helon Co Ltd (000677) | $1.11 Billion | 3.96% | 0.48x | $217.45 Million |
| Gansu Yatai Industrial Development Co Ltd (000691) | $195.11 Million | -53.45% | 2.23x | $867.80 Million |
| Hunan Fazhan Industrial Co Ltd (000722) | $1.94 Billion | 4.27% | 0.01x | $1.20 Billion |
About Shanghai Haixin Group Co Ltd A
Shanghai Haixin Group Co., Ltd. engages in the manufacture and sale of pharmaceutical products in China and internationally. It is also involved in leasing of park properties, financial investment and commodity trading, as well as production and sales of chemical drugs through its sales platform or local distributors; and research and development, production, and sales of plush fabrics and clothi… Read more