Shanghai Golden Union Commercial Management Co Ltd (603682) - Net Assets
Based on the latest financial reports, Shanghai Golden Union Commercial Management Co Ltd (603682) has net assets worth CN¥973.94 Million CNY (≈ $142.52 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¥4.85 Billion ≈ $710.01 Million USD) and total liabilities (CN¥3.88 Billion ≈ $567.49 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 Shanghai Golden Union Commercial Managem (603682) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥973.94 Million |
| % of Total Assets | 20.07% |
| Annual Growth Rate | 16.0% |
| 5-Year Change | -31.89% |
| 10-Year Change | 135.53% |
| Growth Volatility | 44.37 |
Shanghai Golden Union Commercial Management Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Shanghai Golden Union Commercial Management Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 603682 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Shanghai Golden Union Commercial Management Co Ltd (2011–2024)
The table below shows the annual net assets of Shanghai Golden Union Commercial Management Co Ltd from 2011 to 2024. For live valuation and market cap data, see Shanghai Golden Union Commercial Managem market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.05 Billion ≈ $154.05 Million |
-11.77% |
| 2023-12-31 | CN¥1.19 Billion ≈ $174.61 Million |
-2.99% |
| 2022-12-31 | CN¥1.23 Billion ≈ $179.99 Million |
-1.65% |
| 2021-12-31 | CN¥1.25 Billion ≈ $183.01 Million |
-19.09% |
| 2020-12-31 | CN¥1.55 Billion ≈ $226.18 Million |
+75.10% |
| 2019-12-31 | CN¥882.75 Million ≈ $129.17 Million |
+25.52% |
| 2018-12-31 | CN¥703.27 Million ≈ $102.91 Million |
+20.81% |
| 2017-12-31 | CN¥582.11 Million ≈ $85.18 Million |
+25.75% |
| 2016-12-31 | CN¥462.91 Million ≈ $67.74 Million |
+3.57% |
| 2015-12-31 | CN¥446.97 Million ≈ $65.41 Million |
+2.88% |
| 2014-12-31 | CN¥434.47 Million ≈ $63.58 Million |
+0.71% |
| 2013-12-31 | CN¥431.39 Million ≈ $63.13 Million |
+11.08% |
| 2012-12-31 | CN¥388.36 Million ≈ $56.83 Million |
+154.12% |
| 2011-12-31 | CN¥152.83 Million ≈ $22.36 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanghai Golden Union Commercial Management 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 decreased by 402.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥472.50 Million | 46.34% |
| Other Comprehensive Income | CN¥141.13 Million | 13.84% |
| Other Components | CN¥584.70 Million | 57.35% |
| Total Equity | CN¥1.02 Billion | 100.00% |
Shanghai Golden Union Commercial Management Co Ltd Competitors by Market Cap
The table below lists competitors of Shanghai Golden Union Commercial Management Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Royce Micro Cap Closed Fund
NYSE:RMT
|
$597.45 Million |
|
Forum Energy Technologies Inc
NYSE:FET
|
$597.54 Million |
|
Qianjiang Yongan Pharmaceutical Co Ltd
SHE:002365
|
$597.66 Million |
|
Guizhou Taiyong Changzheng Technology Co Ltd Class A
SHE:002927
|
$597.68 Million |
|
CorMedix Inc
NASDAQ:CRMD
|
$597.22 Million |
|
TPI POLENE POWER
BK:TPIPP-R
|
$596.95 Million |
|
SIS LIMITED
NSE:SIS
|
$596.89 Million |
|
Sparebanken Møre
OL:MORG
|
$596.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Golden Union Commercial Management Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,119,843,451 to 1,019,603,280, a change of -100,240,171 (-9.0%).
- Net income of 14,753,173 contributed positively to equity growth.
- Dividend payments of 103,950,000 reduced retained earnings.
- Other comprehensive income increased equity by 15,382,851.
- Other factors decreased equity by 26,426,195.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥14.75 Million | +1.45% |
| Dividends Paid | CN¥103.95 Million | -10.2% |
| Other Comprehensive Income | CN¥15.38 Million | +1.51% |
| Other Changes | CN¥-26.43 Million | -2.59% |
| Total Change | CN¥- | -8.95% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Golden Union Commercial Management 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: 4.00x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 12.17x to 4.00x 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¥0.71 | CN¥8.64 | x |
| 2012-12-31 | CN¥1.83 | CN¥8.64 | x |
| 2013-12-31 | CN¥2.07 | CN¥8.64 | x |
| 2014-12-31 | CN¥2.07 | CN¥8.64 | x |
| 2015-12-31 | CN¥2.15 | CN¥8.64 | x |
| 2016-12-31 | CN¥2.21 | CN¥8.64 | x |
| 2017-12-31 | CN¥1.53 | CN¥8.64 | x |
| 2018-12-31 | CN¥1.87 | CN¥8.64 | x |
| 2019-12-31 | CN¥1.87 | CN¥8.64 | x |
| 2020-12-31 | CN¥2.35 | CN¥8.64 | x |
| 2021-12-31 | CN¥2.39 | CN¥8.64 | x |
| 2022-12-31 | CN¥2.38 | CN¥8.64 | x |
| 2023-12-31 | CN¥2.38 | CN¥8.64 | x |
| 2024-12-31 | CN¥2.16 | CN¥8.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Golden Union Commercial Management 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): 1.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.46%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 5.39x
- Recent ROE (1.45%) is below the historical average (17.90%), 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 | 39.64% | 32.18% | 0.65x | 1.90x | CN¥43.94 Million |
| 2012 | 20.16% | 29.69% | 0.52x | 1.30x | CN¥38.94 Million |
| 2013 | 20.73% | 26.53% | 0.59x | 1.33x | CN¥46.27 Million |
| 2014 | 17.42% | 19.24% | 0.55x | 1.66x | CN¥32.28 Million |
| 2015 | 21.32% | 20.24% | 0.62x | 1.69x | CN¥50.64 Million |
| 2016 | 21.63% | 18.90% | 0.50x | 2.27x | CN¥53.90 Million |
| 2017 | 20.29% | 18.34% | 0.56x | 1.98x | CN¥59.94 Million |
| 2018 | 25.16% | 22.12% | 0.63x | 1.81x | CN¥106.60 Million |
| 2019 | 20.29% | 21.78% | 0.64x | 1.45x | CN¥90.76 Million |
| 2020 | 14.09% | 21.12% | 0.40x | 1.69x | CN¥45.31 Million |
| 2021 | 10.98% | 13.65% | 0.17x | 4.74x | CN¥11.11 Million |
| 2022 | 8.63% | 11.01% | 0.17x | 4.68x | CN¥-15.34 Million |
| 2023 | 8.83% | 9.58% | 0.18x | 5.03x | CN¥-13.15 Million |
| 2024 | 1.45% | 1.46% | 0.18x | 5.39x | CN¥-87.21 Million |
Industry Comparison
This section compares Shanghai Golden Union Commercial Management 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: $2,505,465,750
- Average return on equity (ROE) among peers: 3.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Golden Union Commercial Management Co Ltd (603682) | CN¥973.94 Million | 39.64% | 3.98x | $597.38 Million |
| Shenzhen SEG Co Ltd (000058) | $2.45 Billion | 1.14% | 1.91x | $1.19 Billion |
| 5I5j Holding Group Co Ltd (000560) | $10.35 Billion | 8.00% | 0.88x | $1.07 Billion |
| DongGuan Winnerway Industrial Zone Ltd (000573) | $1.41 Billion | 0.29% | 0.61x | $465.13 Million |
| Beijing Mainstreets Investment (000609) | $513.62 Million | 6.22% | 0.34x | $663.01 Million |
| Rongfeng Holding Group (000668) | $682.87 Million | -5.99% | 1.97x | $357.55 Million |
| Sanxiang Co Ltd (000863) | $-1.04 Billion | 0.00% | 0.00x | $922.61 Million |
| China Merchants Property Operation & Service Co Ltd (001914) | $4.89 Billion | 17.53% | 1.71x | $1.63 Billion |
| Shenzhen Worldunion Properties Consultancy Inc (002285) | $3.78 Billion | -29.87% | 1.37x | $930.25 Million |
| Chongqing New Dazheng Property Grp (002968) | $269.33 Million | 32.70% | 0.85x | $403.63 Million |
| Shenzhen SEG Co Ltd (200058) | $1.76 Billion | 6.12% | 0.45x | $56.32 Million |
About Shanghai Golden Union Commercial Management Co Ltd
Shanghai Golden Union Commercial Management Co.,Ltd. owns, operates, and manages urban and commercial properties in China. It offers renovations services, as well as engages in property attraction investment activity. The company was founded in 2007 and is headquartered in Shanghai, China.