Southern Publishing&Media Co (601900) - Net Assets

Latest as of March 2026: CN¥9.93 Billion CNY ≈ $1.45 Billion USD

Based on the latest financial reports, Southern Publishing&Media Co (601900) has net assets worth CN¥9.93 Billion CNY (≈ $1.45 Billion 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¥18.75 Billion ≈ $2.74 Billion USD) and total liabilities (CN¥8.82 Billion ≈ $1.29 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 tangible net worth ratio of Southern Publishing&Media Co to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥9.93 Billion
% of Total Assets	52.96%
Annual Growth Rate	14.86%
5-Year Change	31.18%
10-Year Change	117.39%
Growth Volatility	10.34

Southern Publishing&Media Co - Net Assets Trend (2011–2025)

This chart illustrates how Southern Publishing&Media Co's net assets have evolved over time, based on quarterly financial data. See 601900 days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Southern Publishing&Media Co (2011–2025)

The table below shows the annual net assets of Southern Publishing&Media Co from 2011 to 2025. For live valuation and market cap data, see 601900 company net worth.

Year	Net Assets	Change
2025-12-31	CN¥9.59 Billion ≈ $1.40 Billion	+6.11%
2024-12-31	CN¥9.04 Billion ≈ $1.32 Billion	+3.22%
2023-12-31	CN¥8.76 Billion ≈ $1.28 Billion	+8.81%
2022-12-31	CN¥8.05 Billion ≈ $1.18 Billion	+10.08%
2021-12-31	CN¥7.31 Billion ≈ $1.07 Billion	+7.99%
2020-12-31	CN¥6.77 Billion ≈ $990.71 Million	+8.54%
2019-12-31	CN¥6.24 Billion ≈ $912.74 Million	+12.85%
2018-12-31	CN¥5.53 Billion ≈ $808.81 Million	+11.99%
2017-12-31	CN¥4.94 Billion ≈ $722.23 Million	+11.88%
2016-12-31	CN¥4.41 Billion ≈ $645.56 Million	+43.02%
2015-12-31	CN¥3.08 Billion ≈ $451.39 Million	+18.24%
2014-12-31	CN¥2.61 Billion ≈ $381.78 Million	+17.10%
2013-12-31	CN¥2.23 Billion ≈ $326.03 Million	+25.34%
2012-12-31	CN¥1.78 Billion ≈ $260.12 Million	+29.03%
2011-12-31	CN¥1.38 Billion ≈ $201.60 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Southern Publishing&Media Co'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 1838.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥6.81 Billion	77.08%
Other Components	CN¥2.02 Billion	22.92%
Total Equity	CN¥8.83 Billion	100.00%

Southern Publishing&Media Co Competitors by Market Cap

The table below lists competitors of Southern Publishing&Media Co ranked by their market capitalization.

Company	Market Cap
Aryzta AG SW:ARYN	$1.47 Billion
Qianhe Condiment&Food Co Ltd SHG:603027	$1.47 Billion
DTR Automotive KO:007340	$1.48 Billion
YFY Inc TW:1907	$1.48 Billion
La-Z-Boy Incorporated NYSE:LZB	$1.47 Billion
Jiangsu Zhangjiagang Rural Commercial Bank Co Ltd SHE:002839	$1.47 Billion
Kemper Corporation NYSE:KMPR	$1.47 Billion
Galecto Inc NASDAQ:GLTO	$1.47 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Southern Publishing&Media Co's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 8,271,903,617 to 8,833,627,512, a change of 561,723,895 (6.8%).
Net income of 1,042,972,131 contributed positively to equity growth.
Dividend payments of 524,724,228 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥1.04 Billion	+11.81%
Dividends Paid	CN¥524.72 Million	-5.94%
Other Changes	CN¥43.48 Million	+0.49%
Total Change	CN¥-	6.79%

Book Value vs Market Value Analysis

This analysis compares Southern Publishing&Media Co'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: 1.14x
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 6.16x to 1.14x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2011-12-31	CN¥1.85	CN¥11.42	x
2012-12-31	CN¥2.21	CN¥11.42	x
2013-12-31	CN¥2.63	CN¥11.42	x
2014-12-31	CN¥3.00	CN¥11.42	x
2015-12-31	CN¥3.56	CN¥11.42	x
2016-12-31	CN¥4.49	CN¥11.42	x
2017-12-31	CN¥5.75	CN¥11.42	x
2018-12-31	CN¥6.10	CN¥11.42	x
2019-12-31	CN¥6.76	CN¥11.42	x
2020-12-31	CN¥7.35	CN¥11.42	x
2021-12-31	CN¥7.94	CN¥11.42	x
2022-12-31	CN¥8.08	CN¥11.42	x
2023-12-31	CN¥9.04	CN¥11.42	x
2024-12-31	CN¥9.40	CN¥11.42	x
2025-12-31	CN¥10.02	CN¥11.42	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Southern Publishing&Media Co 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): 11.81%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 12.08%
• Asset Turnover: 0.49x
• Equity Multiplier: 2.01x
Recent ROE (11.81%) is below the historical average (13.90%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	18.89%	7.96%	0.77x	3.07x	CN¥108.27 Million
2012	17.61%	8.07%	0.71x	3.09x	CN¥110.90 Million
2013	15.23%	6.77%	0.67x	3.36x	CN¥88.38 Million
2014	15.98%	6.99%	0.71x	3.22x	CN¥115.59 Million
2015	16.27%	8.19%	0.66x	2.99x	CN¥145.35 Million
2016	11.80%	8.59%	0.57x	2.41x	CN¥64.31 Million
2017	12.53%	11.64%	0.58x	1.86x	CN¥123.31 Million
2018	11.97%	11.71%	0.60x	1.70x	CN¥107.84 Million
2019	12.13%	11.23%	0.61x	1.78x	CN¥128.60 Million
2020	11.56%	11.03%	0.60x	1.74x	CN¥102.50 Million
2021	13.63%	11.41%	0.64x	1.85x	CN¥258.07 Million
2022	13.20%	10.54%	0.61x	2.05x	CN¥231.45 Million
2023	16.15%	13.71%	0.58x	2.04x	CN¥488.98 Million
2024	9.79%	8.83%	0.53x	2.10x	CN¥-17.38 Million
2025	11.81%	12.08%	0.49x	2.01x	CN¥159.61 Million

Industry Comparison

This section compares Southern Publishing&Media Co's net assets metrics with peer companies in the Publishing industry.

Industry Context

Industry: Publishing
Average net assets among peers: $2,117,195,713
Average return on equity (ROE) among peers: 2.50%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Southern Publishing&Media Co (601900)	CN¥9.93 Billion	18.89%	0.89x	$1.47 Billion
Huamei Holding (000607)	$1.73 Billion	6.76%	1.20x	$491.44 Million
Central China Land Media Co Ltd (000719)	$9.53 Billion	10.24%	0.56x	$1.79 Billion
Guangdong Guangzhou Daily Media Co Ltd (002181)	$4.49 Billion	0.86%	0.24x	$1.88 Billion
Tangel Publishing (300148)	$545.77 Million	3.72%	0.17x	$399.57 Million
COL Digital Publishing Group Co Ltd (300364)	$1.42 Billion	-42.54%	0.27x	$2.67 Billion
Citic Press Corp (300788)	$334.80 Million	30.18%	1.35x	$687.56 Million
Dook Media Group Limited (301025)	$624.38 Million	2.36%	0.17x	$508.46 Million
GUOMAI Culture & Media Co. Ltd. (301052)	$694.77 Million	-0.30%	0.33x	$358.69 Million
Ronshin Group A (301231)	$355.55 Million	12.95%	0.41x	$427.82 Million
Qingdao Citymedia Co Ltd (600229)	$1.45 Billion	0.79%	1.06x	$484.38 Million

About Southern Publishing&Media Co

SHG:601900 China Publishing

Market Cap

$1.47 Billion

CN¥10.07 Billion CNY

Market Cap Rank

#7438 Global

#1719 in China

Share Price

CN¥11.42

Change (1 day)

-1.64%

52-Week Range

CN¥11.42 - CN¥16.53

All Time High

CN¥26.71