Southern Publishing&Media Co (601900) - Net Assets

Latest as of September 2025: CN¥9.37 Billion CNY ≈ $1.37 Billion USD

Based on the latest financial reports, Southern Publishing&Media Co (601900) has net assets worth CN¥9.37 Billion CNY (≈ $1.37 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¥18.35 Billion ≈ $2.69 Billion USD) and total liabilities (CN¥8.98 Billion ≈ $1.31 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 601900 financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥9.37 Billion
% of Total Assets	51.06%
Annual Growth Rate	15.57%
5-Year Change	33.51%
10-Year Change	193.02%
Growth Volatility	10.4

Southern Publishing&Media Co - Net Assets Trend (2011–2024)

This chart illustrates how Southern Publishing&Media Co's net assets have evolved over time, based on quarterly financial data. Also explore 601900 current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for Southern Publishing&Media Co (2011–2024)

The table below shows the annual net assets of Southern Publishing&Media Co from 2011 to 2024. For live valuation and market cap data, see 601900 company net worth.

Year	Net Assets	Change
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 1706.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥6.34 Billion	76.69%
Common Stock	CN¥895.88 Million	10.83%
Other Components	CN¥1.03 Billion	12.48%
Total Equity	CN¥8.27 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
Shanghai Environment Group Co Ltd SHG:601200	$1.61 Billion
U-Ming Marine Transport Corp TW:2606	$1.61 Billion
Six Flags Entertainment Corporation NYSE:FUN	$1.61 Billion
Kernel Holding SA WAR:KER	$1.61 Billion
Jiangsu Bide Science and Technology Co. Ltd. SHG:605298	$1.61 Billion
Century Communities Inc NYSE:CCS	$1.61 Billion
ShanXi Coking Co Ltd SHG:600740	$1.61 Billion
Wuxi Chipown Micro-electronics Ltd SHG:688508	$1.61 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 2023 to 2024, total equity changed from 7,946,326,798 to 8,271,903,617, a change of 325,576,819 (4.1%).
Net income of 809,805,537 contributed positively to equity growth.
Dividend payments of 517,089,369 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥809.81 Million	+9.79%
Dividends Paid	CN¥517.09 Million	-6.25%
Other Changes	CN¥32.86 Million	+0.4%
Total Change	CN¥-	4.10%

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: 1.33x
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 6.75x to 1.33x 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¥12.50	x
2012-12-31	CN¥2.21	CN¥12.50	x
2013-12-31	CN¥2.63	CN¥12.50	x
2014-12-31	CN¥3.00	CN¥12.50	x
2015-12-31	CN¥3.56	CN¥12.50	x
2016-12-31	CN¥4.49	CN¥12.50	x
2017-12-31	CN¥5.75	CN¥12.50	x
2018-12-31	CN¥6.10	CN¥12.50	x
2019-12-31	CN¥6.76	CN¥12.50	x
2020-12-31	CN¥7.35	CN¥12.50	x
2021-12-31	CN¥7.94	CN¥12.50	x
2022-12-31	CN¥8.08	CN¥12.50	x
2023-12-31	CN¥9.04	CN¥12.50	x
2024-12-31	CN¥9.40	CN¥12.50	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): 9.79%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.83%
• Asset Turnover: 0.53x
• Equity Multiplier: 2.10x
Recent ROE (9.79%) is below the historical average (14.05%), 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

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: $1,111,240,805
Average return on equity (ROE) among peers: 7.24%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Southern Publishing&Media Co (601900)	CN¥9.37 Billion	18.89%	0.96x	$1.61 Billion
Huamei Holding (000607)	$877.23 Million	0.54%	2.16x	$616.53 Million
Central China Land Media Co Ltd (000719)	$157.96 Million	11.87%	2.05x	$2.01 Billion
Guangdong Guangzhou Daily Media Co Ltd (002181)	$3.61 Billion	7.64%	0.13x	$2.80 Billion
Tangel Publishing (300148)	$1.77 Billion	6.66%	0.14x	$513.03 Million
Citic Press Corp (300788)	$2.09 Billion	5.56%	0.59x	$990.02 Million
Dook Media Group Limited (301025)	$656.19 Million	9.50%	0.23x	$659.00 Million
GUOMAI Culture & Media Co. Ltd. (301052)	$603.94 Million	6.76%	0.24x	$466.86 Million
Ronshin Group A (301231)	$925.38 Million	2.53%	0.09x	$370.51 Million
Qingdao Citymedia Co Ltd (600229)	$290.67 Million	11.77%	1.73x	$611.03 Million
Chinese Universe Publishing And Media Co Ltd (600373)	$122.21 Million	9.57%	2.32x	$1.64 Billion

About Southern Publishing&Media Co

SHG:601900 China Publishing

Market Cap

$1.61 Billion

CN¥11.02 Billion CNY

Market Cap Rank

#7086 Global

#1659 in China

Share Price

CN¥12.50

Change (1 day)

-0.79%

52-Week Range

CN¥12.28 - CN¥17.61

All Time High

CN¥26.71