Red Star Macalline Group Corp Ltd Class A (601828) - Net Assets
Based on the latest financial reports, Red Star Macalline Group Corp Ltd Class A (601828) has net assets worth CN¥46.01 Billion CNY (≈ $6.73 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¥113.39 Billion ≈ $16.59 Billion USD) and total liabilities (CN¥67.39 Billion ≈ $9.86 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 Red Star Macalline Group Corp Ltd Class (601828) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥46.01 Billion |
| % of Total Assets | 40.57% |
| Annual Growth Rate | 17.49% |
| 5-Year Change | 0.4% |
| 10-Year Change | 13.33% |
| Growth Volatility | 100.22 |
Red Star Macalline Group Corp Ltd Class A - Net Assets Trend (2012–2024)
This chart illustrates how Red Star Macalline Group Corp Ltd Class A's net assets have evolved over time, based on quarterly financial data. Also explore 601828 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Red Star Macalline Group Corp Ltd Class A (2012–2024)
The table below shows the annual net assets of Red Star Macalline Group Corp Ltd Class A from 2012 to 2024. For live valuation and market cap data, see market value of Red Star Macalline Group Corp Ltd Class .
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥51.30 Billion ≈ $7.51 Billion |
-6.96% |
| 2023-12-31 | CN¥55.14 Billion ≈ $8.07 Billion |
-4.93% |
| 2022-12-31 | CN¥58.00 Billion ≈ $8.49 Billion |
+0.82% |
| 2021-12-31 | CN¥57.53 Billion ≈ $8.42 Billion |
+12.59% |
| 2020-12-31 | CN¥51.10 Billion ≈ $7.48 Billion |
+4.31% |
| 2019-12-31 | CN¥48.98 Billion ≈ $7.17 Billion |
+8.14% |
| 2018-12-31 | CN¥45.30 Billion ≈ $6.63 Billion |
+3.10% |
| 2017-12-31 | CN¥43.93 Billion ≈ $6.43 Billion |
-7.88% |
| 2016-12-31 | CN¥47.69 Billion ≈ $6.98 Billion |
+5.34% |
| 2015-12-31 | CN¥45.27 Billion ≈ $6.62 Billion |
+21.00% |
| 2014-12-31 | CN¥37.41 Billion ≈ $5.47 Billion |
+8.38% |
| 2013-12-31 | CN¥34.52 Billion ≈ $5.05 Billion |
+365.48% |
| 2012-12-31 | CN¥7.42 Billion ≈ $1.09 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Red Star Macalline Group Corp 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 grown by 1340.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥34.54 Billion | 71.67% |
| Common Stock | CN¥4.35 Billion | 9.04% |
| Other Comprehensive Income | CN¥361.43 Million | 0.75% |
| Other Components | CN¥8.94 Billion | 18.55% |
| Total Equity | CN¥48.20 Billion | 100.00% |
Red Star Macalline Group Corp Ltd Class A Competitors by Market Cap
The table below lists competitors of Red Star Macalline Group Corp Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangzhou Ruoyuchen Information Tec
SHE:003010
|
$1.41 Billion |
|
Shanghai Chlor-Alkali Chemical Co Ltd A
SHG:600618
|
$1.41 Billion |
|
WindSun Science & Technology Co. Ltd. A
SHG:688663
|
$1.41 Billion |
|
Focus Technology Co Ltd
SHE:002315
|
$1.41 Billion |
|
BCO LATINOAMER.D.COM.EX.E
F:D8Q
|
$1.41 Billion |
|
Daqo New Energy Corp ADR
NYSE:DQ
|
$1.41 Billion |
|
Vestjysk Bank A/S
CO:VJBA
|
$1.41 Billion |
|
IRB Infrastructure Developers Limited
NSE:IRB
|
$1.41 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Red Star Macalline Group Corp Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 49,615,294,000 to 48,198,250,000, a change of -1,417,044,000 (-2.9%).
- Net loss of 2,983,497,000 reduced equity.
- Dividend payments of 1,932,267,497 reduced retained earnings.
- Other comprehensive income decreased equity by 9,806,874,000.
- Other factors increased equity by 13,305,594,497.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-2.98 Billion | -6.19% |
| Dividends Paid | CN¥1.93 Billion | -4.01% |
| Other Comprehensive Income | CN¥-9.81 Billion | -20.35% |
| Other Changes | CN¥13.31 Billion | +27.61% |
| Total Change | CN¥- | -2.86% |
Book Value vs Market Value Analysis
This analysis compares Red Star Macalline Group Corp 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: 0.24x
- 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 1.56x to 0.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥1.71 | CN¥2.67 | x |
| 2013-12-31 | CN¥9.29 | CN¥2.67 | x |
| 2014-12-31 | CN¥8.97 | CN¥2.67 | x |
| 2015-12-31 | CN¥11.16 | CN¥2.67 | x |
| 2016-12-31 | CN¥10.90 | CN¥2.67 | x |
| 2017-12-31 | CN¥10.14 | CN¥2.67 | x |
| 2018-12-31 | CN¥10.12 | CN¥2.67 | x |
| 2019-12-31 | CN¥11.71 | CN¥2.67 | x |
| 2020-12-31 | CN¥12.18 | CN¥2.67 | x |
| 2021-12-31 | CN¥13.82 | CN¥2.67 | x |
| 2022-12-31 | CN¥12.51 | CN¥2.67 | x |
| 2023-12-31 | CN¥11.39 | CN¥2.67 | x |
| 2024-12-31 | CN¥11.07 | CN¥2.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Red Star Macalline Group Corp 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): -6.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -38.15%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.46x
- Recent ROE (-6.19%) is below the historical average (7.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 33.80% | 35.41% | 0.20x | 4.73x | CN¥1.34 Billion |
| 2013 | 9.82% | 46.67% | 0.10x | 2.18x | CN¥-54.04 Million |
| 2014 | 10.86% | 45.68% | 0.11x | 2.15x | CN¥288.42 Million |
| 2015 | 9.96% | 46.21% | 0.11x | 2.02x | CN¥-16.39 Million |
| 2016 | 7.81% | 36.00% | 0.10x | 2.11x | CN¥-949.88 Million |
| 2017 | 10.09% | 37.21% | 0.11x | 2.40x | CN¥35.22 Million |
| 2018 | 10.73% | 31.44% | 0.13x | 2.66x | CN¥306.00 Million |
| 2019 | 9.80% | 27.20% | 0.13x | 2.68x | CN¥-91.78 Million |
| 2020 | 3.64% | 12.16% | 0.11x | 2.77x | CN¥-3.03 Billion |
| 2021 | 3.79% | 13.20% | 0.11x | 2.50x | CN¥-3.35 Billion |
| 2022 | 1.25% | 4.81% | 0.11x | 2.38x | CN¥-4.77 Billion |
| 2023 | -4.47% | -19.25% | 0.09x | 2.50x | CN¥-7.18 Billion |
| 2024 | -6.19% | -38.15% | 0.07x | 2.46x | CN¥-7.80 Billion |
Industry Comparison
This section compares Red Star Macalline Group Corp Ltd Class A's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $1,718,371,481
- Average return on equity (ROE) among peers: 14.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Red Star Macalline Group Corp Ltd Class A (601828) | CN¥46.01 Billion | 33.80% | 1.46x | $1.41 Billion |
| Shenzhen SEG Co Ltd (000058) | $1.17 Billion | 5.05% | 0.25x | $1.18 Billion |
| 5I5j Holding Group Co Ltd (000560) | $10.38 Billion | 3.00% | 0.94x | $1.02 Billion |
| DongGuan Winnerway Industrial Zone Ltd (000573) | $1.39 Billion | 1.05% | 0.57x | $469.80 Million |
| Beijing Mainstreets Investment (000609) | $1.58 Billion | 8.52% | 0.11x | $631.48 Million |
| Rongfeng Holding Group (000668) | $747.23 Million | 0.24% | 1.04x | $340.58 Million |
| Sanxiang Co Ltd (000863) | $26.49 Million | 53.94% | 2.99x | $837.95 Million |
| China Merchants Property Operation & Service Co Ltd (001914) | $239.99 Million | 10.48% | 1.35x | $1.58 Billion |
| Shenzhen Worldunion Properties Consultancy Inc (002285) | $238.74 Million | 27.80% | 0.52x | $909.83 Million |
| Chongqing New Dazheng Property Grp (002968) | $107.01 Million | 25.35% | 1.42x | $407.93 Million |
| Shenzhen SEG Co Ltd (200058) | $1.30 Billion | 4.83% | 0.26x | $56.32 Million |
About Red Star Macalline Group Corp Ltd Class A
Red Star Macalline Group Corporation Ltd. operates and manages home improvement and furnishing malls in the People's Republic of China. It operates through four segments: Owned/Leased Portfolio Shopping Malls; Managed Shopping Malls; Construction and Design; and Others. The company leases floor areas of shopping malls; operates as a construction contractor to develop and manage the shopping malls… Read more