Nacity Property Service Co Ltd (603506) - Net Assets
Based on the latest financial reports, Nacity Property Service Co Ltd (603506) has net assets worth CN¥1.28 Billion CNY (≈ $187.50 Million 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¥2.71 Billion ≈ $396.99 Million USD) and total liabilities (CN¥1.43 Billion ≈ $209.50 Million 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 Nacity Property Service Co Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.28 Billion |
| % of Total Assets | 47.23% |
| Annual Growth Rate | 26.09% |
| 5-Year Change | 27.81% |
| 10-Year Change | 420.32% |
| Growth Volatility | 70.88 |
Nacity Property Service Co Ltd - Net Assets Trend (2013–2025)
This chart illustrates how Nacity Property Service Co Ltd's net assets have evolved over time, based on quarterly financial data. See Nacity Property Service Co Ltd (603506) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Nacity Property Service Co Ltd (2013–2025)
The table below shows the annual net assets of Nacity Property Service Co Ltd from 2013 to 2025. For live valuation and market cap data, see Nacity Property Service Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.23 Billion ≈ $180.10 Million |
+9.39% |
| 2024-12-31 | CN¥1.13 Billion ≈ $164.64 Million |
-4.97% |
| 2023-12-31 | CN¥1.18 Billion ≈ $173.26 Million |
+12.61% |
| 2022-12-31 | CN¥1.05 Billion ≈ $153.86 Million |
+9.19% |
| 2021-12-31 | CN¥962.99 Million ≈ $140.92 Million |
+14.66% |
| 2020-12-31 | CN¥839.84 Million ≈ $122.90 Million |
+14.48% |
| 2019-12-31 | CN¥733.61 Million ≈ $107.35 Million |
+13.50% |
| 2018-12-31 | CN¥646.37 Million ≈ $94.58 Million |
+127.14% |
| 2017-12-31 | CN¥284.56 Million ≈ $41.64 Million |
+20.30% |
| 2016-12-31 | CN¥236.54 Million ≈ $34.61 Million |
+239.97% |
| 2015-12-31 | CN¥69.58 Million ≈ $10.18 Million |
-35.41% |
| 2014-12-31 | CN¥107.72 Million ≈ $15.76 Million |
+41.32% |
| 2013-12-31 | CN¥76.22 Million ≈ $11.15 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Nacity Property Service 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 879.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥670.99 Million | 56.34% |
| Other Components | CN¥519.88 Million | 43.66% |
| Total Equity | CN¥1.19 Billion | 100.00% |
Nacity Property Service Co Ltd Competitors by Market Cap
The table below lists competitors of Nacity Property Service Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aluflexpack AG
SW:AFP
|
$276.80 Million |
|
Synopex Inc
KQ:025320
|
$276.83 Million |
|
Guiyang Xintian Pharmaceutical Co Ltd
SHE:002873
|
$276.83 Million |
|
Kaplamin Ambalaj Sanayi ve Ticaret AS
IS:KAPLM
|
$276.83 Million |
|
MFS Intermediate Income Trust
NYSE:MIN
|
$276.53 Million |
|
Samudera Indonesia Tbk
JK:SMDR
|
$276.35 Million |
|
Polyplex (Thailand) Public Company Limited
BK:PTL-R
|
$276.31 Million |
|
North-Star International Co Ltd
TWO:8927
|
$276.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nacity Property Service Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,092,191,541 to 1,190,877,110, a change of 98,685,569 (9.0%).
- Net income of 99,249,594 contributed positively to equity growth.
- Dividend payments of 1,199,611 reduced retained earnings.
- Other comprehensive income decreased equity by 89,914,204.
- Other factors increased equity by 90,549,791.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥99.25 Million | +8.33% |
| Dividends Paid | CN¥1.20 Million | -0.1% |
| Other Comprehensive Income | CN¥-89.91 Million | -7.55% |
| Other Changes | CN¥90.55 Million | +7.6% |
| Total Change | CN¥- | 9.04% |
Book Value vs Market Value Analysis
This analysis compares Nacity Property Service 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: 1.59x
- 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 13.87x to 1.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥0.73 | CN¥10.07 | x |
| 2014-12-31 | CN¥1.03 | CN¥10.07 | x |
| 2015-12-31 | CN¥0.66 | CN¥10.07 | x |
| 2016-12-31 | CN¥1.79 | CN¥10.07 | x |
| 2017-12-31 | CN¥2.02 | CN¥10.07 | x |
| 2018-12-31 | CN¥3.48 | CN¥10.07 | x |
| 2019-12-31 | CN¥3.84 | CN¥10.07 | x |
| 2020-12-31 | CN¥4.40 | CN¥10.07 | x |
| 2021-12-31 | CN¥5.04 | CN¥10.07 | x |
| 2022-12-31 | CN¥5.47 | CN¥10.07 | x |
| 2023-12-31 | CN¥6.16 | CN¥10.07 | x |
| 2024-12-31 | CN¥5.82 | CN¥10.07 | x |
| 2025-12-31 | CN¥6.34 | CN¥10.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nacity Property Service 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): 8.33%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.33%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 2.22x
- Recent ROE (8.33%) is below the historical average (18.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 17.63% | 4.56% | 1.20x | 3.22x | CN¥5.80 Million |
| 2014 | 29.32% | 8.06% | 1.21x | 3.00x | CN¥20.77 Million |
| 2015 | 31.78% | 4.70% | 1.38x | 4.89x | CN¥15.15 Million |
| 2016 | 26.62% | 10.90% | 1.01x | 2.42x | CN¥39.31 Million |
| 2017 | 26.41% | 9.13% | 1.01x | 2.86x | CN¥46.50 Million |
| 2018 | 14.37% | 8.67% | 0.79x | 2.10x | CN¥27.93 Million |
| 2019 | 15.78% | 9.15% | 0.77x | 2.23x | CN¥41.74 Million |
| 2020 | 16.70% | 9.75% | 0.80x | 2.13x | CN¥55.30 Million |
| 2021 | 17.19% | 10.22% | 0.75x | 2.23x | CN¥68.06 Million |
| 2022 | 14.16% | 7.88% | 0.81x | 2.23x | CN¥42.75 Million |
| 2023 | 16.08% | 10.04% | 0.70x | 2.30x | CN¥70.22 Million |
| 2024 | 2.01% | 1.21% | 0.74x | 2.24x | CN¥-87.31 Million |
| 2025 | 8.33% | 5.33% | 0.70x | 2.22x | CN¥-19.84 Million |
Industry Comparison
This section compares Nacity Property Service Co Ltd's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $2,960,100,146
- Average return on equity (ROE) among peers: 8.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nacity Property Service Co Ltd (603506) | CN¥1.28 Billion | 17.63% | 1.12x | $276.70 Million |
| Shenzhen SEG Co Ltd (000058) | $1.52 Billion | -22.36% | 1.28x | $955.37 Million |
| 5I5j Holding Group Co Ltd (000560) | $10.71 Billion | 1.55% | 2.08x | $758.30 Million |
| DongGuan Winnerway Industrial Zone Ltd (000573) | $1.35 Billion | 0.30% | 0.68x | $375.47 Million |
| Beijing Mainstreets Investment (000609) | $406.05 Million | 6.33% | 0.09x | $518.50 Million |
| Rongfeng Holding Group (000668) | $132.36 Million | 17.69% | 1.21x | $478.31 Million |
| Sanxiang Co Ltd (000863) | $4.12 Billion | 0.15% | 0.68x | $765.39 Million |
| China Merchants Property Operation & Service Co Ltd (001914) | $9.31 Billion | 6.37% | 0.91x | $1.36 Billion |
| Shenzhen Worldunion Properties Consultancy Inc (002285) | $174.14 Million | 46.33% | 0.77x | $656.13 Million |
| Chongqing New Dazheng Property Grp (002968) | $754.94 Million | 13.84% | 0.32x | $296.68 Million |
| Shenzhen SEG Co Ltd (200058) | $1.13 Billion | 12.65% | 0.92x | $50.65 Million |
About Nacity Property Service Co Ltd
Nacity Property Service Group Co.,Ltd. offers real estate property management services in China. It provides value-added services for residential properties, commercial complexes, office buildings, industrial parks, hospitals, public construction projects, and various other properties. The company was formerly known as Nacity Property Service Co., Ltd. Nacity Property Service Group Co.,Ltd. was f… Read more