Dashenlin Pharm Grp Co Ltd (603233) - Net Assets
Based on the latest financial reports, Dashenlin Pharm Grp Co Ltd (603233) has net assets worth CN¥9.18 Billion CNY (≈ $1.34 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¥26.83 Billion ≈ $3.93 Billion USD) and total liabilities (CN¥17.65 Billion ≈ $2.58 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 603233 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥9.18 Billion |
| % of Total Assets | 34.23% |
| Annual Growth Rate | 27.16% |
| 5-Year Change | 45.92% |
| 10-Year Change | 545.37% |
| Growth Volatility | 31.54 |
Dashenlin Pharm Grp Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Dashenlin Pharm Grp Co Ltd's net assets have evolved over time, based on quarterly financial data. See Dashenlin Pharm Grp Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Dashenlin Pharm Grp Co Ltd (2012–2025)
The table below shows the annual net assets of Dashenlin Pharm Grp Co Ltd from 2012 to 2025. For live valuation and market cap data, see 603233 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥8.66 Billion ≈ $1.27 Billion |
+6.43% |
| 2024-12-31 | CN¥8.14 Billion ≈ $1.19 Billion |
+2.59% |
| 2023-12-31 | CN¥7.93 Billion ≈ $1.16 Billion |
+15.57% |
| 2022-12-31 | CN¥6.86 Billion ≈ $1.00 Billion |
+15.64% |
| 2021-12-31 | CN¥5.94 Billion ≈ $868.61 Million |
+6.51% |
| 2020-12-31 | CN¥5.57 Billion ≈ $815.49 Million |
+28.65% |
| 2019-12-31 | CN¥4.33 Billion ≈ $633.86 Million |
+40.33% |
| 2018-12-31 | CN¥3.09 Billion ≈ $451.68 Million |
+10.13% |
| 2017-12-31 | CN¥2.80 Billion ≈ $410.12 Million |
+108.83% |
| 2016-12-31 | CN¥1.34 Billion ≈ $196.39 Million |
+31.42% |
| 2015-12-31 | CN¥1.02 Billion ≈ $149.43 Million |
+77.65% |
| 2014-12-31 | CN¥574.85 Million ≈ $84.12 Million |
-2.56% |
| 2013-12-31 | CN¥589.93 Million ≈ $86.32 Million |
+54.79% |
| 2012-12-31 | CN¥381.11 Million ≈ $55.77 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Dashenlin Pharm Grp Co Ltd'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 3090.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.31 Billion | 58.51% |
| Other Components | CN¥3.06 Billion | 41.49% |
| Total Equity | CN¥7.37 Billion | 100.00% |
Dashenlin Pharm Grp Co Ltd Competitors by Market Cap
The table below lists competitors of Dashenlin Pharm Grp Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vidrala SA
MC:VID
|
$2.69 Billion |
|
ArcBest Corp
NASDAQ:ARCB
|
$2.69 Billion |
|
CCC S.A.
WAR:CCC
|
$2.69 Billion |
|
California Water Service Group
NYSE:CWT
|
$2.69 Billion |
|
Gold Road Resources Ltd
AU:GOR
|
$2.69 Billion |
|
Viscofan
MC:VIS
|
$2.69 Billion |
|
Companhia de Gás de São Paulo - COMGÁS
SA:CGAS3
|
$2.69 Billion |
|
Shanghai Hanbell Precise Machinery Co Ltd
SHE:002158
|
$2.69 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dashenlin Pharm Grp Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,897,244,933 to 7,367,779,875, a change of 470,534,942 (6.8%).
- Net income of 1,235,246,215 contributed positively to equity growth.
- Dividend payments of 782,100,078 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.24 Billion | +16.77% |
| Dividends Paid | CN¥782.10 Million | -10.62% |
| Other Changes | CN¥17.39 Million | +0.24% |
| Total Change | CN¥- | 6.82% |
Book Value vs Market Value Analysis
This analysis compares Dashenlin Pharm Grp Co Ltd'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: 2.50x
- 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 24.90x to 2.50x 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¥0.65 | CN¥16.15 | x |
| 2013-12-31 | CN¥0.72 | CN¥16.15 | x |
| 2014-12-31 | CN¥0.68 | CN¥16.15 | x |
| 2015-12-31 | CN¥1.18 | CN¥16.15 | x |
| 2016-12-31 | CN¥1.35 | CN¥16.15 | x |
| 2017-12-31 | CN¥2.71 | CN¥16.15 | x |
| 2018-12-31 | CN¥2.81 | CN¥16.15 | x |
| 2019-12-31 | CN¥3.20 | CN¥16.15 | x |
| 2020-12-31 | CN¥4.75 | CN¥16.15 | x |
| 2021-12-31 | CN¥4.82 | CN¥16.15 | x |
| 2022-12-31 | CN¥5.47 | CN¥16.15 | x |
| 2023-12-31 | CN¥6.03 | CN¥16.15 | x |
| 2024-12-31 | CN¥6.11 | CN¥16.15 | x |
| 2025-12-31 | CN¥6.47 | CN¥16.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dashenlin Pharm Grp Co Ltd 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): 16.77%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.49%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 3.59x
- Recent ROE (16.77%) is below the historical average (25.48%), 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 | 45.45% | 4.59% | 3.26x | 3.04x | CN¥116.36 Million |
| 2013 | 37.55% | 5.33% | 2.21x | 3.20x | CN¥144.82 Million |
| 2014 | 53.08% | 5.84% | 1.92x | 4.73x | CN¥215.49 Million |
| 2015 | 38.72% | 7.51% | 1.98x | 2.60x | CN¥293.32 Million |
| 2016 | 32.65% | 6.86% | 1.75x | 2.72x | CN¥298.45 Million |
| 2017 | 17.25% | 6.40% | 1.27x | 2.12x | CN¥199.68 Million |
| 2018 | 17.50% | 6.00% | 1.36x | 2.15x | CN¥227.82 Million |
| 2019 | 16.57% | 6.31% | 1.28x | 2.05x | CN¥278.67 Million |
| 2020 | 19.73% | 7.28% | 1.18x | 2.29x | CN¥523.70 Million |
| 2021 | 14.44% | 4.72% | 0.97x | 3.16x | CN¥243.37 Million |
| 2022 | 16.67% | 4.87% | 1.02x | 3.36x | CN¥414.54 Million |
| 2023 | 17.09% | 4.76% | 1.02x | 3.54x | CN¥484.11 Million |
| 2024 | 13.26% | 3.45% | 1.00x | 3.83x | CN¥225.03 Million |
| 2025 | 16.77% | 4.49% | 1.04x | 3.59x | CN¥498.47 Million |
Industry Comparison
This section compares Dashenlin Pharm Grp Co Ltd's net assets metrics with peer companies in the Pharmaceutical Retailers industry.
Industry Context
- Industry: Pharmaceutical Retailers
- Average net assets among peers: $1,551,260,955
- Average return on equity (ROE) among peers: 7.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dashenlin Pharm Grp Co Ltd (603233) | CN¥9.18 Billion | 45.45% | 1.92x | $2.69 Billion |
| Cachet Pharmaceutical Co Ltd (002462) | $1.30 Billion | 9.99% | 1.14x | $535.28 Million |
| Yunnan Hongxiang Yixintang (002727) | $810.77 Million | 22.52% | 0.88x | $917.76 Million |
| Luyan Pharma Co Ltd (002788) | $1.57 Billion | 8.34% | 2.28x | $621.39 Million |
| Ji Yao Holding Group Co Ltd (300108) | $-366.31 Million | 0.00% | 0.00x | $20.47 Million |
| ShuYu Civilian Pharmacy Corp. Ltd. (301017) | $2.27 Billion | 10.12% | 2.47x | $777.53 Million |
| Hunan Dajiaweikang Pharmaceutical Industry Co.Ltd (301126) | $1.59 Billion | -15.22% | 2.98x | $278.33 Million |
| Anhui Huaren Health Pharmaceutical Co. Ltd. Cl A (301408) | $2.16 Billion | 8.85% | 1.54x | $900.84 Million |
| Shanghai No1 Pharmacy Co Ltd (600833) | $749.32 Million | 9.15% | 0.86x | $316.33 Million |
| Laobaixing Pharmacy (603883) | $3.87 Billion | 13.13% | 1.56x | $1.31 Billion |
About Dashenlin Pharm Grp Co Ltd
DaShenLin Pharmaceutical Group Co., Ltd. manufactures, distributes, and retails pharmaceutical products in China. It offers Chinese and Western patent medicines, ginseng and antler tonic medicinal materials, Chinese herbal medicine slices, health products, medical devices, and other commodities. The company was incorporated in 1999 and is based in Guangzhou, China.