Beijing North Star Co Ltd Class A (601588) - Net Assets

Latest as of December 2025: CN¥9.16 Billion CNY ≈ $1.34 Billion USD

Based on the latest financial reports, Beijing North Star Co Ltd Class A (601588) has net assets worth CN¥9.16 Billion CNY (≈ $1.34 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥43.17 Billion ≈ $6.32 Billion USD) and total liabilities (CN¥34.01 Billion ≈ $4.98 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 how resilient are Beijing North Star Co Ltd Class A's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥9.16 Billion
% of Total Assets	21.22%
Annual Growth Rate	3.31%
5-Year Change	-52.57%
10-Year Change	-25.23%
Growth Volatility	21.31

Beijing North Star Co Ltd Class A - Net Assets Trend (2003–2025)

This chart illustrates how Beijing North Star Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Also explore 601588 asset base for the complete picture of this company's asset base.

Annual Net Assets for Beijing North Star Co Ltd Class A (2003–2025)

The table below shows the annual net assets of Beijing North Star Co Ltd Class A from 2003 to 2025. For live valuation and market cap data, see 601588 market cap overview.

Year	Net Assets	Change
2025-12-31	CN¥9.16 Billion ≈ $1.34 Billion	-22.16%
2024-12-31	CN¥11.77 Billion ≈ $1.72 Billion	-24.23%
2023-12-31	CN¥15.53 Billion ≈ $2.27 Billion	-2.69%
2022-12-31	CN¥15.96 Billion ≈ $2.34 Billion	-17.35%
2021-12-31	CN¥19.31 Billion ≈ $2.83 Billion	-2.13%
2020-12-31	CN¥19.73 Billion ≈ $2.89 Billion	-1.69%
2019-12-31	CN¥20.07 Billion ≈ $2.94 Billion	+19.14%
2018-12-31	CN¥16.84 Billion ≈ $2.46 Billion	+26.06%
2017-12-31	CN¥13.36 Billion ≈ $1.96 Billion	+9.08%
2016-12-31	CN¥12.25 Billion ≈ $1.79 Billion	+3.21%
2015-12-31	CN¥11.87 Billion ≈ $1.74 Billion	+7.18%
2014-12-31	CN¥11.07 Billion ≈ $1.62 Billion	+3.97%
2013-12-31	CN¥10.65 Billion ≈ $1.56 Billion	+4.46%
2012-12-31	CN¥10.20 Billion ≈ $1.49 Billion	+5.25%
2011-12-31	CN¥9.69 Billion ≈ $1.42 Billion	+3.62%
2010-12-31	CN¥9.35 Billion ≈ $1.37 Billion	+0.19%
2009-12-31	CN¥9.33 Billion ≈ $1.37 Billion	+5.96%
2008-12-31	CN¥8.81 Billion ≈ $1.29 Billion	+3.77%
2007-12-31	CN¥8.49 Billion ≈ $1.24 Billion	+3.14%
2006-12-31	CN¥8.23 Billion ≈ $1.20 Billion	+88.45%
2005-12-31	CN¥4.37 Billion ≈ $638.89 Million	-1.42%
2004-12-31	CN¥4.43 Billion ≈ $648.07 Million	-1.09%
2003-12-31	CN¥4.48 Billion ≈ $655.18 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Beijing North Star Co Ltd Class 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 decreased by 411.5% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	CN¥8.06 Billion	120.25%
Total Equity	CN¥6.70 Billion	100.00%

Beijing North Star Co Ltd Class A Competitors by Market Cap

The table below lists competitors of Beijing North Star Co Ltd Class A ranked by their market capitalization.

Company	Market Cap
Guangdong Silvere Sci and Tech SHE:300221	$778.52 Million
Harson Trading China Co Ltd SHG:603958	$778.73 Million
Shandong Haihua Co Ltd SHE:000822	$779.33 Million
Greencoat Renewables PLC IR:GRP	$779.33 Million
Grindrod JSE:GND	$778.39 Million
ShuYu Civilian Pharmacy Corp. Ltd. SHE:301017	$778.12 Million
Wuhan Hvsen Biotechnology Co Ltd SHE:300871	$778.09 Million
G-Shank Enterprise Co Ltd TW:2476	$778.02 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Beijing North Star Co Ltd Class A's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 9,699,143,000 to 6,702,492,229, a change of -2,996,650,771 (-30.9%).
Net loss of 2,988,106,666 reduced equity.
Dividend payments of 980,960,170 reduced retained earnings.
Other factors increased equity by 972,416,065.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-2.99 Billion	-44.58%
Dividends Paid	CN¥980.96 Million	-14.64%
Other Changes	CN¥972.42 Million	+14.51%
Total Change	CN¥-	-30.90%

Book Value vs Market Value Analysis

This analysis compares Beijing North Star Co Ltd Class 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: 1.00x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has increased from 0.86x to 1.00x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2003-12-31	CN¥2.33	CN¥2.00	x
2004-12-31	CN¥2.29	CN¥2.00	x
2005-12-31	CN¥2.26	CN¥2.00	x
2006-12-31	CN¥3.80	CN¥2.00	x
2007-12-31	CN¥2.51	CN¥2.00	x
2008-12-31	CN¥2.49	CN¥2.00	x
2009-12-31	CN¥2.67	CN¥2.00	x
2010-12-31	CN¥2.71	CN¥2.00	x
2011-12-31	CN¥2.86	CN¥2.00	x
2012-12-31	CN¥3.03	CN¥2.00	x
2013-12-31	CN¥3.18	CN¥2.00	x
2014-12-31	CN¥3.29	CN¥2.00	x
2015-12-31	CN¥3.31	CN¥2.00	x
2016-12-31	CN¥3.49	CN¥2.00	x
2017-12-31	CN¥3.76	CN¥2.00	x
2018-12-31	CN¥4.48	CN¥2.00	x
2019-12-31	CN¥5.16	CN¥2.00	x
2020-12-31	CN¥5.06	CN¥2.00	x
2021-12-31	CN¥4.59	CN¥2.00	x
2022-12-31	CN¥3.80	CN¥2.00	x
2023-12-31	CN¥3.82	CN¥2.00	x
2024-12-31	CN¥2.88	CN¥2.00	x
2025-12-31	CN¥1.99	CN¥2.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Beijing North Star Co Ltd Class 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): -44.58%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -49.30%
• Asset Turnover: 0.14x
• Equity Multiplier: 6.44x
Recent ROE (-44.58%) is below the historical average (0.60%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2003	5.21%	9.73%	0.36x	1.47x	CN¥-208.60 Million
2004	4.44%	8.03%	0.35x	1.56x	CN¥-239.01 Million
2005	4.95%	7.19%	0.37x	1.85x	CN¥-213.41 Million
2006	4.17%	11.85%	0.19x	1.83x	CN¥-469.30 Million
2007	3.99%	7.54%	0.21x	2.48x	CN¥-495.03 Million
2008	5.23%	10.74%	0.16x	2.98x	CN¥-409.70 Million
2009	6.37%	11.78%	0.19x	2.91x	CN¥-328.88 Million
2010	2.21%	3.65%	0.22x	2.81x	CN¥-714.51 Million
2011	4.89%	11.81%	0.14x	2.98x	CN¥-488.93 Million
2012	6.27%	11.04%	0.19x	2.92x	CN¥-377.56 Million
2013	6.29%	12.07%	0.17x	3.04x	CN¥-392.68 Million
2014	4.87%	8.52%	0.17x	3.46x	CN¥-559.27 Million
2015	5.43%	8.52%	0.15x	4.21x	CN¥-514.56 Million
2016	5.15%	6.11%	0.15x	5.52x	CN¥-565.47 Million
2017	9.05%	7.38%	0.19x	6.35x	CN¥-119.49 Million
2018	7.82%	6.66%	0.19x	6.04x	CN¥-332.23 Million
2019	9.52%	8.22%	0.21x	5.40x	CN¥-82.86 Million
2020	3.38%	3.20%	0.21x	5.07x	CN¥-1.13 Billion
2021	0.64%	0.45%	0.28x	5.16x	CN¥-1.45 Billion
2022	-12.93%	-12.73%	0.19x	5.26x	CN¥-2.93 Billion
2023	0.53%	0.43%	0.28x	4.38x	CN¥-1.22 Billion
2024	-29.15%	-39.53%	0.15x	5.04x	CN¥-3.80 Billion
2025	-44.58%	-49.30%	0.14x	6.44x	CN¥-3.66 Billion

Industry Comparison

This section compares Beijing North Star Co Ltd Class A's net assets metrics with peer companies in the Real Estate - Development industry.

Industry Context

Industry: Real Estate - Development
Average net assets among peers: $5,838,818,240
Average return on equity (ROE) among peers: 10.64%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Beijing North Star Co Ltd Class A (601588)	CN¥9.16 Billion	5.21%	3.71x	$778.48 Million
China Vanke Co Ltd Class A (000002)	$38.82 Billion	10.39%	2.07x	$5.56 Billion
Shenzhen Zhenye Group Co Ltd (000006)	$4.21 Billion	12.05%	1.79x	$1.92 Billion
Shenzhen Properties & Resources Development Group Ltd (000011)	$567.13 Million	15.95%	3.06x	$623.95 Million
Shahe Industry Co Ltd (000014)	$291.46 Million	9.52%	3.00x	$467.53 Million
Grandjoy Holdings Group Co Ltd (000031)	$1.28 Billion	1.46%	0.51x	$1.92 Billion
China Union Holdings Ltd (000036)	$231.36 Million	0.98%	0.33x	$1.15 Billion
Shenzhen Centralcon Investment Holding Co Ltd (000042)	$2.90 Billion	14.19%	1.59x	$936.86 Million
Shenzhen Wongtee International Enterprise Co Ltd (000056)	$5.00 Billion	0.77%	0.60x	$239.16 Million
Financial Street Holdings Co Ltd (000402)	$4.90 Billion	40.83%	1.83x	$1.39 Billion
Chongqing Yukaifa Co Ltd (000514)	$182.12 Million	0.29%	1.73x	$608.71 Million

About Beijing North Star Co Ltd Class A

SHG:601588 China Real Estate - Development

Market Cap

$778.48 Million

CN¥5.32 Billion CNY

Market Cap Rank

#10305 Global

#2972 in China

Share Price

CN¥2.00

Change (1 day)

+9.89%

52-Week Range

CN¥1.66 - CN¥2.20

All Time High

CN¥5.80