Shanghai Haixin Group Co Ltd A (600851) - Net Assets

Latest as of September 2025: CN¥4.84 Billion CNY ≈ $708.73 Million USD

Based on the latest financial reports, Shanghai Haixin Group Co Ltd A (600851) has net assets worth CN¥4.84 Billion CNY (≈ $708.73 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¥5.83 Billion ≈ $852.98 Million USD) and total liabilities (CN¥985.74 Million ≈ $144.25 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 Shanghai Haixin Group Co Ltd A asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥4.84 Billion
% of Total Assets	83.09%
Annual Growth Rate	8.2%
5-Year Change	2.77%
10-Year Change	-6.29%
Growth Volatility	37.88

Shanghai Haixin Group Co Ltd A - Net Assets Trend (1993–2024)

This chart illustrates how Shanghai Haixin Group Co Ltd A's net assets have evolved over time, based on quarterly financial data. Also explore 600851 current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for Shanghai Haixin Group Co Ltd A (1993–2024)

The table below shows the annual net assets of Shanghai Haixin Group Co Ltd A from 1993 to 2024. For live valuation and market cap data, see 600851 market cap.

Year	Net Assets	Change
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	--

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 6276.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥868.65 Million	20.04%
Common Stock	CN¥1.21 Billion	27.85%
Other Comprehensive Income	CN¥1.85 Billion	42.75%
Other Components	CN¥405.58 Million	9.36%
Total Equity	CN¥4.33 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
Hangzhou MDK Opto Electronic Corp. Ltd. A SHG:688079	$908.65 Million
MilDef Group AB ST:MILDEF	$908.72 Million
Bangkok Airways Public Company Limited BK:BA	$908.81 Million
Yulon Motor Co Ltd TW:2201	$908.81 Million
GoGold Resources Inc. TO:GGD	$908.01 Million
Shenzhen Zhongzhuang Construction Group Co Ltd SHE:002822	$907.84 Million
Hunan Jingfeng Pharmaceutical SHE:000908	$907.61 Million
Baotou Huazi Industry Co Ltd SHG:600191	$907.59 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 2023 to 2024, total equity changed from 3,965,055,449 to 4,334,362,916, a change of 369,307,467 (9.3%).
Net income of 150,940,806 contributed positively to equity growth.
Dividend payments of 79,421,890 reduced retained earnings.
Other comprehensive income increased equity by 876,709,253.
Other factors decreased equity by 578,920,702.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥150.94 Million	+3.48%
Dividends Paid	CN¥79.42 Million	-1.83%
Other Comprehensive Income	CN¥876.71 Million	+20.23%
Other Changes	CN¥-578.92 Million	-13.36%
Total Change	CN¥-	9.31%

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: 2.34x
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 16.49x to 2.34x 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¥8.41	x
1995-12-31	CN¥0.49	CN¥8.41	x
1996-12-31	CN¥0.55	CN¥8.41	x
1997-12-31	CN¥0.80	CN¥8.41	x
1998-12-31	CN¥0.84	CN¥8.41	x
1999-12-31	CN¥0.94	CN¥8.41	x
2000-12-31	CN¥1.34	CN¥8.41	x
2001-12-31	CN¥1.41	CN¥8.41	x
2002-12-31	CN¥1.49	CN¥8.41	x
2003-12-31	CN¥1.65	CN¥8.41	x
2004-12-31	CN¥1.74	CN¥8.41	x
2005-12-31	CN¥1.70	CN¥8.41	x
2006-12-31	CN¥1.66	CN¥8.41	x
2007-12-31	CN¥4.88	CN¥8.41	x
2008-12-31	CN¥2.12	CN¥8.41	x
2009-12-31	CN¥3.35	CN¥8.41	x
2010-12-31	CN¥2.51	CN¥8.41	x
2011-12-31	CN¥2.09	CN¥8.41	x
2012-12-31	CN¥2.39	CN¥8.41	x
2013-12-31	CN¥2.48	CN¥8.41	x
2014-12-31	CN¥4.41	CN¥8.41	x
2015-12-31	CN¥3.79	CN¥8.41	x
2016-12-31	CN¥3.43	CN¥8.41	x
2017-12-31	CN¥3.13	CN¥8.41	x
2018-12-31	CN¥2.83	CN¥8.41	x
2019-12-31	CN¥3.19	CN¥8.41	x
2020-12-31	CN¥3.47	CN¥8.41	x
2021-12-31	CN¥3.42	CN¥8.41	x
2022-12-31	CN¥3.18	CN¥8.41	x
2023-12-31	CN¥3.29	CN¥8.41	x
2024-12-31	CN¥3.59	CN¥8.41	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): 3.48%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 18.97%
• Asset Turnover: 0.15x
• Equity Multiplier: 1.23x
Recent ROE (3.48%) is below the historical average (5.19%), 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	2.27%	6.20%	0.28x	1.29x	CN¥-319.14 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

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: $1,399,616,772
Average return on equity (ROE) among peers: -22.96%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shanghai Haixin Group Co Ltd A (600851)	CN¥4.84 Billion	16.75%	0.20x	$908.47 Million
China Baoan Group Co Ltd (000009)	$4.69 Billion	3.42%	1.81x	$3.30 Billion
Yunding Technology Co Ltd (000409)	$289.46 Million	10.54%	0.08x	$1.01 Billion
Create Technology & Science Co Ltd (000551)	$500.09 Million	0.51%	1.08x	$1.16 Billion
Sundiro Holding Co Ltd (000571)	$874.38 Million	0.93%	1.10x	$680.26 Million
Guangdong Ganhua Science & Industry Co Ltd (000576)	$728.12 Million	-33.79%	1.17x	$561.98 Million
Macrolink Real Estate Co Ltd (000620)	$108.49 Million	-173.26%	4.17x	$2.65 Billion
Tianjin Economic-technological Development Area Co Ltd (000652)	$6.41 Billion	2.47%	4.81x	$939.26 Million
CHTC Helon Co Ltd (000677)	$-804.27 Million	0.00%	0.00x	$458.93 Million
Gansu Yatai Industrial Development Co Ltd (000691)	$103.03 Million	-40.99%	1.73x	$547.08 Million
Hunan Fazhan Industrial Co Ltd (000722)	$1.09 Billion	0.55%	0.99x	$978.06 Million

About Shanghai Haixin Group Co Ltd A

SHG:600851 China Conglomerates

Market Cap

$908.47 Million

CN¥6.21 Billion CNY

Market Cap Rank

#9606 Global

#2681 in China

Share Price

CN¥8.41

Change (1 day)

+0.96%

52-Week Range

CN¥6.36 - CN¥8.98

All Time High

CN¥14.49