Wenfeng Great World Chain Development Corp (601010) - Net Assets

Latest as of March 2026: CN¥4.12 Billion CNY ≈ $603.15 Million USD

Based on the latest financial reports, Wenfeng Great World Chain Development Corp (601010) has net assets worth CN¥4.12 Billion CNY (≈ $603.15 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¥6.09 Billion ≈ $891.72 Million USD) and total liabilities (CN¥1.97 Billion ≈ $288.57 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 601010 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥4.12 Billion
% of Total Assets	67.64%
Annual Growth Rate	12.91%
5-Year Change	-14.84%
10-Year Change	-1.26%
Growth Volatility	49.9

Wenfeng Great World Chain Development Corp - Net Assets Trend (2006–2025)

This chart illustrates how Wenfeng Great World Chain Development Corp's net assets have evolved over time, based on quarterly financial data. See Wenfeng Great World Chain Development Co defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Wenfeng Great World Chain Development Corp (2006–2025)

The table below shows the annual net assets of Wenfeng Great World Chain Development Corp from 2006 to 2025. For live valuation and market cap data, see market cap of Wenfeng Great World Chain Development Co.

Year	Net Assets	Change
2025-12-31	CN¥4.08 Billion ≈ $596.44 Million	-7.87%
2024-12-31	CN¥4.42 Billion ≈ $647.42 Million	-0.06%
2023-12-31	CN¥4.43 Billion ≈ $647.80 Million	+1.79%
2022-12-31	CN¥4.35 Billion ≈ $636.42 Million	-9.13%
2021-12-31	CN¥4.79 Billion ≈ $700.40 Million	-1.57%
2020-12-31	CN¥4.86 Billion ≈ $711.56 Million	+2.15%
2019-12-31	CN¥4.76 Billion ≈ $696.59 Million	+5.80%
2018-12-31	CN¥4.50 Billion ≈ $658.38 Million	+3.47%
2017-12-31	CN¥4.35 Billion ≈ $636.27 Million	+5.33%
2016-12-31	CN¥4.13 Billion ≈ $604.05 Million	+4.27%
2015-12-31	CN¥3.96 Billion ≈ $579.29 Million	+0.30%
2014-12-31	CN¥3.95 Billion ≈ $577.55 Million	+4.74%
2013-12-31	CN¥3.77 Billion ≈ $551.43 Million	+3.76%
2012-12-31	CN¥3.63 Billion ≈ $531.43 Million	+9.68%
2011-12-31	CN¥3.31 Billion ≈ $484.53 Million	+221.82%
2010-12-31	CN¥1.03 Billion ≈ $150.56 Million	+17.68%
2009-12-31	CN¥874.29 Million ≈ $127.94 Million	+12.02%
2008-12-31	CN¥780.50 Million ≈ $114.21 Million	+21.58%
2007-12-31	CN¥641.96 Million ≈ $93.94 Million	+58.22%
2006-12-31	CN¥405.74 Million ≈ $59.37 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Wenfeng Great World Chain Development Corp'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 426.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥993.97 Million	24.34%
Other Components	CN¥3.09 Billion	75.66%
Total Equity	CN¥4.08 Billion	100.00%

Wenfeng Great World Chain Development Corp Competitors by Market Cap

The table below lists competitors of Wenfeng Great World Chain Development Corp ranked by their market capitalization.

Company	Market Cap
Jinhong Fashion Group Co Ltd SHG:603518	$397.72 Million
PGIM Short Duration High Yield Opportunities Fund NYSE:SDHY	$397.73 Million
INTEKPLUS Co. Ltd KQ:064290	$397.75 Million
Qibu Co Ltd SHG:603557	$397.76 Million
Hangzhou Everfine Photo E Info SHE:300306	$397.51 Million
BENZ MINING CORP CDI/1 F:1VU0	$397.29 Million
Clenergy Xiamen Technology Co Ltd SHG:603628	$397.24 Million
Shanxi Yongdong Chemistry Industry Co Ltd SHE:002753	$397.07 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Wenfeng Great World Chain Development Corp's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 4,431,584,123 to 4,083,582,223, a change of -348,001,900 (-7.9%).
Net loss of 95,161,603 reduced equity.
Dividend payments of 194,165,818 reduced retained earnings.
Other comprehensive income decreased equity by 703,808,560.
Other factors increased equity by 645,134,081.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-95.16 Million	-2.33%
Dividends Paid	CN¥194.17 Million	-4.75%
Other Comprehensive Income	CN¥-703.81 Million	-17.24%
Other Changes	CN¥645.13 Million	+15.8%
Total Change	CN¥-	-7.85%

Book Value vs Market Value Analysis

This analysis compares Wenfeng Great World Chain Development Corp'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: 0.67x
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 5.12x to 0.67x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-12-31	CN¥0.29	CN¥1.47	x
2007-12-31	CN¥0.46	CN¥1.47	x
2008-12-31	CN¥0.54	CN¥1.47	x
2009-12-31	CN¥0.61	CN¥1.47	x
2010-12-31	CN¥0.71	CN¥1.47	x
2011-12-31	CN¥1.97	CN¥1.47	x
2012-12-31	CN¥1.96	CN¥1.47	x
2013-12-31	CN¥2.04	CN¥1.47	x
2014-12-31	CN¥2.14	CN¥1.47	x
2015-12-31	CN¥2.16	CN¥1.47	x
2016-12-31	CN¥2.29	CN¥1.47	x
2017-12-31	CN¥2.32	CN¥1.47	x
2018-12-31	CN¥2.42	CN¥1.47	x
2019-12-31	CN¥2.57	CN¥1.47	x
2020-12-31	CN¥2.73	CN¥1.47	x
2021-12-31	CN¥2.64	CN¥1.47	x
2022-12-31	CN¥2.43	CN¥1.47	x
2023-12-31	CN¥2.35	CN¥1.47	x
2024-12-31	CN¥2.51	CN¥1.47	x
2025-12-31	CN¥2.21	CN¥1.47	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Wenfeng Great World Chain Development Corp 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): -2.33%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -6.32%
• Asset Turnover: 0.24x
• Equity Multiplier: 1.52x
Recent ROE (-2.33%) is below the historical average (13.62%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	45.15%	4.67%	2.68x	3.61x	CN¥139.86 Million
2007	34.34%	5.29%	2.32x	2.80x	CN¥154.53 Million
2008	34.77%	5.85%	2.48x	2.40x	CN¥191.70 Million
2009	33.75%	6.00%	2.17x	2.59x	CN¥206.11 Million
2010	34.53%	6.31%	2.06x	2.66x	CN¥250.62 Million
2011	13.12%	6.73%	1.22x	1.60x	CN¥103.12 Million
2012	11.53%	6.51%	1.00x	1.78x	CN¥55.44 Million
2013	10.21%	5.36%	1.03x	1.85x	CN¥7.99 Million
2014	11.24%	5.69%	1.14x	1.73x	CN¥48.92 Million
2015	6.49%	3.56%	1.04x	1.75x	CN¥-138.97 Million
2016	6.11%	3.73%	1.02x	1.61x	CN¥-160.82 Million
2017	6.89%	4.47%	1.03x	1.49x	CN¥-135.35 Million
2018	5.37%	3.80%	1.01x	1.40x	CN¥-208.65 Million
2019	7.01%	5.58%	0.91x	1.38x	CN¥-142.72 Million
2020	5.50%	11.42%	0.35x	1.38x	CN¥-219.09 Million
2021	4.93%	9.56%	0.34x	1.54x	CN¥-243.27 Million
2022	-3.71%	-6.77%	0.36x	1.52x	CN¥-598.75 Million
2023	3.84%	7.88%	0.33x	1.47x	CN¥-274.20 Million
2024	3.59%	8.41%	0.29x	1.45x	CN¥-284.07 Million
2025	-2.33%	-6.32%	0.24x	1.52x	CN¥-503.52 Million

Industry Comparison

This section compares Wenfeng Great World Chain Development Corp's net assets metrics with peer companies in the Department Stores industry.

Industry Context

Industry: Department Stores
Average net assets among peers: $1,412,520,034
Average return on equity (ROE) among peers: 12.29%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Wenfeng Great World Chain Development Corp (601010)	CN¥4.12 Billion	45.15%	0.48x	$397.52 Million
Hefei Department Store Group Co Ltd (000417)	$1.19 Billion	10.13%	1.81x	$900.42 Million
Changsha Tongcheng Holdings Co Ltd (000419)	$216.13 Million	19.44%	0.56x	$371.47 Million
Wushang Group Co Ltd (000501)	$927.06 Million	13.02%	0.16x	$784.32 Million
CCOOP Group Co Ltd (000564)	$252.99 Million	13.64%	0.97x	$3.86 Billion
Dalian Friendship Group Co Ltd (000679)	$931.02 Million	14.16%	4.22x	$395.32 Million
Zhongxing Shenyang Commercial Building Group Co Ltd (000715)	$1.35 Billion	6.70%	0.61x	$374.85 Million
Easyhome New Retail Group Co Ltd (000785)	$409.75 Million	15.29%	1.99x	$1.97 Billion
Beijing Hualian Department Store Co Ltd (000882)	$189.97 Million	15.11%	0.48x	$532.75 Million
Guangzhou Grandbuy Co Ltd (002187)	$830.20 Million	13.22%	0.99x	$513.84 Million
Better Life Commercial Chain Share Co Ltd (002251)	$7.83 Billion	2.21%	2.11x	$1.51 Billion

About Wenfeng Great World Chain Development Corp

SHG:601010 China Department Stores

Market Cap

$397.52 Million

CN¥2.72 Billion CNY

Market Cap Rank

#13566 Global

#4061 in China

Share Price

CN¥1.47

Change (1 day)

-5.16%

52-Week Range

CN¥1.47 - CN¥3.13

All Time High

CN¥7.56