Wangfujing (600859) - Net Assets
Based on the latest financial reports, Wangfujing (600859) has net assets worth CN¥20.22 Billion CNY (≈ $2.96 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¥39.93 Billion ≈ $5.84 Billion USD) and total liabilities (CN¥19.72 Billion ≈ $2.89 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 Wangfujing liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥20.22 Billion |
| % of Total Assets | 50.63% |
| Annual Growth Rate | 11.6% |
| 5-Year Change | 67.05% |
| 10-Year Change | 174.33% |
| Growth Volatility | 22.98 |
Wangfujing - Net Assets Trend (1994–2024)
This chart illustrates how Wangfujing's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Wangfujing for the complete picture of this company's asset base.
Annual Net Assets for Wangfujing (1994–2024)
The table below shows the annual net assets of Wangfujing from 1994 to 2024. For live valuation and market cap data, see Wangfujing (600859) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥20.27 Billion ≈ $2.97 Billion |
-0.85% |
| 2023-12-31 | CN¥20.44 Billion ≈ $2.99 Billion |
+2.49% |
| 2022-12-31 | CN¥19.94 Billion ≈ $2.92 Billion |
-0.79% |
| 2021-12-31 | CN¥20.10 Billion ≈ $2.94 Billion |
+65.70% |
| 2020-12-31 | CN¥12.13 Billion ≈ $1.78 Billion |
+0.54% |
| 2019-12-31 | CN¥12.07 Billion ≈ $1.77 Billion |
+5.11% |
| 2018-12-31 | CN¥11.48 Billion ≈ $1.68 Billion |
+6.39% |
| 2017-12-31 | CN¥10.79 Billion ≈ $1.58 Billion |
+1.11% |
| 2016-12-31 | CN¥10.67 Billion ≈ $1.56 Billion |
+44.45% |
| 2015-12-31 | CN¥7.39 Billion ≈ $1.08 Billion |
+7.23% |
| 2014-12-31 | CN¥6.89 Billion ≈ $1.01 Billion |
+9.91% |
| 2013-12-31 | CN¥6.27 Billion ≈ $917.26 Million |
+2.29% |
| 2012-12-31 | CN¥6.13 Billion ≈ $896.68 Million |
+14.36% |
| 2011-12-31 | CN¥5.36 Billion ≈ $784.08 Million |
+43.69% |
| 2010-12-31 | CN¥3.73 Billion ≈ $545.66 Million |
+26.65% |
| 2009-12-31 | CN¥2.94 Billion ≈ $430.84 Million |
+37.60% |
| 2008-12-31 | CN¥2.14 Billion ≈ $313.12 Million |
-31.90% |
| 2007-12-31 | CN¥3.14 Billion ≈ $459.80 Million |
+74.79% |
| 2006-12-31 | CN¥1.80 Billion ≈ $263.05 Million |
+12.31% |
| 2005-12-31 | CN¥1.60 Billion ≈ $234.22 Million |
+1.27% |
| 2004-12-31 | CN¥1.58 Billion ≈ $231.29 Million |
-9.09% |
| 2003-12-31 | CN¥1.74 Billion ≈ $254.41 Million |
+1.90% |
| 2002-12-31 | CN¥1.71 Billion ≈ $249.67 Million |
+0.91% |
| 2001-12-31 | CN¥1.69 Billion ≈ $247.42 Million |
+7.01% |
| 2000-12-31 | CN¥1.58 Billion ≈ $231.20 Million |
+0.59% |
| 1999-12-31 | CN¥1.57 Billion ≈ $229.85 Million |
-1.44% |
| 1998-12-31 | CN¥1.59 Billion ≈ $233.21 Million |
+5.15% |
| 1997-12-31 | CN¥1.52 Billion ≈ $221.78 Million |
+57.77% |
| 1996-12-31 | CN¥960.63 Million ≈ $140.57 Million |
+5.97% |
| 1995-12-31 | CN¥906.51 Million ≈ $132.65 Million |
+20.41% |
| 1994-12-31 | CN¥752.85 Million ≈ $110.17 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Wangfujing'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 8326.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.21 Billion | 31.57% |
| Common Stock | CN¥1.14 Billion | 5.77% |
| Other Components | CN¥12.32 Billion | 62.65% |
| Total Equity | CN¥19.66 Billion | 100.00% |
Wangfujing Competitors by Market Cap
The table below lists competitors of Wangfujing ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dno ASA
OL:DNO
|
$2.03 Billion |
|
Orbia Advance Corporation S.A.B. de C.V
F:4FZ
|
$2.03 Billion |
|
Huntsman Corporation
NYSE:HUN
|
$2.04 Billion |
|
Guangdong Topstar Technology Co Ltd
SHE:300607
|
$2.04 Billion |
|
Avanti Feeds Limited
NSE:AVANTIFEED
|
$2.03 Billion |
|
Remy Cointreau
PA:RCO
|
$2.03 Billion |
|
Suzhou Shijia Science & Technology Inc
SHE:002796
|
$2.03 Billion |
|
Huizhou Speed Wireless Technology Co Ltd
SHE:300322
|
$2.03 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wangfujing's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 19,727,166,322 to 19,657,109,195, a change of -70,057,127 (-0.4%).
- Net income of 268,577,156 contributed positively to equity growth.
- Dividend payments of 297,554,210 reduced retained earnings.
- Share repurchases of 82,535,641 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥268.58 Million | +1.37% |
| Dividends Paid | CN¥297.55 Million | -1.51% |
| Share Repurchases | CN¥82.54 Million | -0.42% |
| Other Changes | CN¥41.46 Million | +0.21% |
| Total Change | CN¥- | -0.36% |
Book Value vs Market Value Analysis
This analysis compares Wangfujing'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: 0.71x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 8.40x to 0.71x 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¥1.47 | CN¥12.37 | x |
| 1995-12-31 | CN¥1.77 | CN¥12.37 | x |
| 1996-12-31 | CN¥1.88 | CN¥12.37 | x |
| 1997-12-31 | CN¥2.97 | CN¥12.37 | x |
| 1998-12-31 | CN¥3.05 | CN¥12.37 | x |
| 1999-12-31 | CN¥3.02 | CN¥12.37 | x |
| 2000-12-31 | CN¥3.04 | CN¥12.37 | x |
| 2001-12-31 | CN¥2.99 | CN¥12.37 | x |
| 2002-12-31 | CN¥3.00 | CN¥12.37 | x |
| 2003-12-31 | CN¥3.02 | CN¥12.37 | x |
| 2004-12-31 | CN¥3.09 | CN¥12.37 | x |
| 2005-12-31 | CN¥3.11 | CN¥12.37 | x |
| 2006-12-31 | CN¥3.45 | CN¥12.37 | x |
| 2007-12-31 | CN¥6.03 | CN¥12.37 | x |
| 2008-12-31 | CN¥4.02 | CN¥12.37 | x |
| 2009-12-31 | CN¥5.53 | CN¥12.37 | x |
| 2010-12-31 | CN¥6.80 | CN¥12.37 | x |
| 2011-12-31 | CN¥9.70 | CN¥12.37 | x |
| 2012-12-31 | CN¥9.86 | CN¥12.37 | x |
| 2013-12-31 | CN¥10.41 | CN¥12.37 | x |
| 2014-12-31 | CN¥11.45 | CN¥12.37 | x |
| 2015-12-31 | CN¥12.27 | CN¥12.37 | x |
| 2016-12-31 | CN¥16.08 | CN¥12.37 | x |
| 2017-12-31 | CN¥13.10 | CN¥12.37 | x |
| 2018-12-31 | CN¥13.92 | CN¥12.37 | x |
| 2019-12-31 | CN¥14.68 | CN¥12.37 | x |
| 2020-12-31 | CN¥14.81 | CN¥12.37 | x |
| 2021-12-31 | CN¥19.60 | CN¥12.37 | x |
| 2022-12-31 | CN¥16.89 | CN¥12.37 | x |
| 2023-12-31 | CN¥17.35 | CN¥12.37 | x |
| 2024-12-31 | CN¥17.35 | CN¥12.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wangfujing 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): 1.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.36%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 2.12x
- Recent ROE (1.37%) is below the historical average (6.86%), 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 | 10.87% | 5.59% | 1.55x | 1.26x | CN¥6.52 Million |
| 1995 | 9.27% | 5.18% | 1.30x | 1.37x | CN¥-6.61 Million |
| 1996 | 10.11% | 5.95% | 0.97x | 1.76x | CN¥1.03 Million |
| 1997 | 10.05% | 9.11% | 0.71x | 1.55x | CN¥739.61K |
| 1998 | 1.62% | 1.56% | 0.65x | 1.59x | CN¥-130.64 Million |
| 1999 | 0.26% | 0.29% | 0.50x | 1.81x | CN¥-150.27 Million |
| 2000 | 1.83% | 1.25% | 0.78x | 1.88x | CN¥-126.97 Million |
| 2001 | 1.60% | 0.79% | 1.04x | 1.97x | CN¥-128.13 Million |
| 2002 | 1.62% | 0.74% | 1.09x | 1.99x | CN¥-128.38 Million |
| 2003 | 0.82% | 0.40% | 0.95x | 2.16x | CN¥-141.80 Million |
| 2004 | 0.85% | 0.32% | 1.23x | 2.12x | CN¥-144.53 Million |
| 2005 | 1.70% | 0.54% | 1.40x | 2.26x | CN¥-131.91 Million |
| 2006 | 11.02% | 2.99% | 1.53x | 2.40x | CN¥17.93 Million |
| 2007 | 8.65% | 2.98% | 1.37x | 2.11x | CN¥-41.49 Million |
| 2008 | 16.76% | 3.38% | 1.64x | 3.01x | CN¥138.79 Million |
| 2009 | 13.58% | 3.46% | 1.50x | 2.62x | CN¥101.27 Million |
| 2010 | 10.69% | 2.70% | 1.68x | 2.36x | CN¥24.27 Million |
| 2011 | 10.86% | 3.48% | 1.55x | 2.02x | CN¥46.33 Million |
| 2012 | 11.35% | 3.69% | 1.26x | 2.45x | CN¥80.32 Million |
| 2013 | 11.08% | 3.51% | 1.41x | 2.24x | CN¥67.76 Million |
| 2014 | 9.24% | 3.48% | 1.33x | 2.00x | CN¥-52.32 Million |
| 2015 | 8.96% | 3.82% | 1.24x | 1.89x | CN¥-76.95 Million |
| 2016 | 7.39% | 3.27% | 1.32x | 1.71x | CN¥-270.53 Million |
| 2017 | 7.08% | 2.76% | 1.29x | 1.99x | CN¥-297.20 Million |
| 2018 | 11.12% | 4.50% | 1.23x | 2.01x | CN¥121.33 Million |
| 2019 | 8.43% | 3.59% | 1.11x | 2.12x | CN¥-178.41 Million |
| 2020 | 2.95% | 2.94% | 0.52x | 1.91x | CN¥-811.08 Million |
| 2021 | 6.93% | 10.51% | 0.33x | 2.02x | CN¥-594.90 Million |
| 2022 | 1.02% | 1.80% | 0.30x | 1.89x | CN¥-1.72 Billion |
| 2023 | 3.60% | 5.80% | 0.30x | 2.08x | CN¥-1.26 Billion |
| 2024 | 1.37% | 2.36% | 0.27x | 2.12x | CN¥-1.70 Billion |
Industry Comparison
This section compares Wangfujing'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 |
|---|---|---|---|---|
| Wangfujing (600859) | CN¥20.22 Billion | 10.87% | 0.98x | $2.03 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 Wangfujing
Wangfujing Group Co., Ltd. engages in retailing business in China. It operates department stores, shopping centers, outlets, supermarkets, etc. The company is also involved in the property leasing, duty free goods self-operated, and e-commerce business. Wangfujing Group Co., Ltd. was founded in 1955 and is based in Beijing, China.