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¥1.29 Billion CNY (≈ $188.53 Million 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¥2.78 Billion ≈ $407.27 Million USD) and total liabilities (CN¥1.49 Billion ≈ $218.75 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 how resilient are Nacity Property Service Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.29 Billion |
| % of Total Assets | 46.29% |
| Annual Growth Rate | 27.73% |
| 5-Year Change | 33.97% |
| 10-Year Change | 1517.12% |
| Growth Volatility | 73.46 |
Nacity Property Service Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Nacity Property Service Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Nacity Property Service Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Nacity Property Service Co Ltd (2013–2024)
The table below shows the annual net assets of Nacity Property Service Co Ltd from 2013 to 2024. For live valuation and market cap data, see Nacity Property Service Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 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 740.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥575.72 Million | 52.71% |
| Common Stock | CN¥187.78 Million | 17.19% |
| Other Comprehensive Income | CN¥89.91 Million | 8.23% |
| Other Components | CN¥238.78 Million | 21.86% |
| Total Equity | CN¥1.09 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 |
|---|---|
|
Advanced Ceramic X
TWO:3152
|
$371.82 Million |
|
Hangzhou Landscape Architecture Design Institute Co Ltd
SHE:300649
|
$371.84 Million |
|
GRM Overseas Limited
NSE:GRMOVER
|
$371.92 Million |
|
Agriculture & Natural Solutions Acquisition Corporation Class A Ordinary Shares
NASDAQ:ANSC
|
$372.02 Million |
|
Tesco PLC
LSE:TSCO
|
$371.75 Million |
|
Qumei Furniture Group Co Ltd
SHG:603818
|
$371.71 Million |
|
SUNAC SERVIC.HLDGS HD-01
F:65D
|
$371.67 Million |
|
Harbin VITI Electronics Corp
SHG:603023
|
$371.60 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 2023 to 2024, total equity changed from 1,155,435,848 to 1,092,191,541, a change of -63,244,307 (-5.5%).
- Net income of 21,905,280 contributed positively to equity growth.
- Dividend payments of 67,285,848 reduced retained earnings.
- Share repurchases of 20,076,903 reduced equity.
- Other comprehensive income increased equity by 89,914,204.
- Other factors decreased equity by 87,701,040.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥21.91 Million | +2.01% |
| Dividends Paid | CN¥67.29 Million | -6.16% |
| Share Repurchases | CN¥20.08 Million | -1.84% |
| Other Comprehensive Income | CN¥89.91 Million | +8.23% |
| Other Changes | CN¥-87.70 Million | -8.03% |
| Total Change | CN¥- | -5.47% |
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: 2.33x
- 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 18.63x to 2.33x 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¥13.53 | x |
| 2014-12-31 | CN¥1.03 | CN¥13.53 | x |
| 2015-12-31 | CN¥0.66 | CN¥13.53 | x |
| 2016-12-31 | CN¥1.79 | CN¥13.53 | x |
| 2017-12-31 | CN¥2.02 | CN¥13.53 | x |
| 2018-12-31 | CN¥3.48 | CN¥13.53 | x |
| 2019-12-31 | CN¥3.84 | CN¥13.53 | x |
| 2020-12-31 | CN¥4.40 | CN¥13.53 | x |
| 2021-12-31 | CN¥5.04 | CN¥13.53 | x |
| 2022-12-31 | CN¥5.47 | CN¥13.53 | x |
| 2023-12-31 | CN¥6.16 | CN¥13.53 | x |
| 2024-12-31 | CN¥5.82 | CN¥13.53 | 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): 2.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.21%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 2.24x
- Recent ROE (2.01%) is below the historical average (19.00%), 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 |
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: $1,467,598,052
- Average return on equity (ROE) among peers: 3.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nacity Property Service Co Ltd (603506) | CN¥1.29 Billion | 17.63% | 1.16x | $371.77 Million |
| Shenzhen SEG Co Ltd (000058) | $2.48 Billion | 1.04% | 1.35x | $1.18 Billion |
| 5I5j Holding Group Co Ltd (000560) | $305.32 Million | -15.39% | 3.29x | $1.02 Billion |
| DongGuan Winnerway Industrial Zone Ltd (000573) | $1.50 Billion | 4.23% | 0.73x | $469.80 Million |
| Beijing Mainstreets Investment (000609) | $1.29 Billion | 9.36% | 0.46x | $631.48 Million |
| Rongfeng Holding Group (000668) | $356.74 Million | 13.23% | 1.51x | $340.58 Million |
| Sanxiang Co Ltd (000863) | $3.01 Billion | 3.47% | 3.47x | $837.95 Million |
| China Merchants Property Operation & Service Co Ltd (001914) | $411.15 Million | 6.55% | 2.24x | $1.58 Billion |
| Shenzhen Worldunion Properties Consultancy Inc (002285) | $3.44 Billion | -9.88% | 0.96x | $909.83 Million |
| Chongqing New Dazheng Property Grp (002968) | $754.94 Million | 13.84% | 0.32x | $407.93 Million |
| Shenzhen SEG Co Ltd (200058) | $1.13 Billion | 12.65% | 0.92x | $56.32 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