Jiajiayue Group Co Ltd (603708) - Net Assets
Based on the latest financial reports, Jiajiayue Group Co Ltd (603708) has net assets worth CN¥2.45 Billion CNY (≈ $358.54 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¥13.53 Billion ≈ $1.98 Billion USD) and total liabilities (CN¥11.08 Billion ≈ $1.62 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 603708 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.45 Billion |
| % of Total Assets | 18.11% |
| Annual Growth Rate | 13.56% |
| 5-Year Change | -25.34% |
| 10-Year Change | 140.22% |
| Growth Volatility | 37.59 |
Jiajiayue Group Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Jiajiayue Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Jiajiayue Group Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Jiajiayue Group Co Ltd (2011–2024)
The table below shows the annual net assets of Jiajiayue Group Co Ltd from 2011 to 2024. For live valuation and market cap data, see 603708 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.41 Billion ≈ $352.10 Million |
-5.54% |
| 2023-12-31 | CN¥2.55 Billion ≈ $372.75 Million |
+23.90% |
| 2022-12-31 | CN¥2.06 Billion ≈ $300.86 Million |
-9.25% |
| 2021-12-31 | CN¥2.27 Billion ≈ $331.52 Million |
-29.70% |
| 2020-12-31 | CN¥3.22 Billion ≈ $471.60 Million |
+4.96% |
| 2019-12-31 | CN¥3.07 Billion ≈ $449.31 Million |
+9.37% |
| 2018-12-31 | CN¥2.81 Billion ≈ $410.83 Million |
+13.10% |
| 2017-12-31 | CN¥2.48 Billion ≈ $363.25 Million |
+6.46% |
| 2016-12-31 | CN¥2.33 Billion ≈ $341.20 Million |
+132.78% |
| 2015-12-31 | CN¥1.00 Billion ≈ $146.57 Million |
+8.03% |
| 2014-12-31 | CN¥927.23 Million ≈ $135.68 Million |
+8.10% |
| 2013-12-31 | CN¥857.72 Million ≈ $125.51 Million |
+25.31% |
| 2012-12-31 | CN¥684.50 Million ≈ $100.16 Million |
+48.64% |
| 2011-12-31 | CN¥460.50 Million ≈ $67.38 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiajiayue Group 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 102.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥366.18 Million | 15.28% |
| Common Stock | CN¥638.34 Million | 26.63% |
| Other Comprehensive Income | CN¥336.82 Million | 14.05% |
| Other Components | CN¥1.06 Billion | 44.03% |
| Total Equity | CN¥2.40 Billion | 100.00% |
Jiajiayue Group Co Ltd Competitors by Market Cap
The table below lists competitors of Jiajiayue Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guizhou Chitianhua Co Ltd
SHG:600227
|
$1.01 Billion |
|
BKI Investment Company Ltd
AU:BKI
|
$1.01 Billion |
|
Xi'an Manareco New Materials Co.Ltd
SHG:688550
|
$1.01 Billion |
|
Penguin Solutions, Inc.
NASDAQ:PENG
|
$1.01 Billion |
|
Unilumin Group Co Ltd
SHE:300232
|
$1.01 Billion |
|
Mesnac Co Ltd
SHE:002073
|
$1.01 Billion |
|
Eve Holding Inc
NYSE:EVEX
|
$1.01 Billion |
|
Guangxi Radio and Television Information Network Corp Ltd
SHG:600936
|
$1.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiajiayue Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,539,792,220 to 2,396,672,503, a change of -143,119,717 (-5.6%).
- Net income of 131,950,496 contributed positively to equity growth.
- Dividend payments of 206,624,072 reduced retained earnings.
- Share repurchases of 86,669,149 reduced equity.
- Other comprehensive income increased equity by 18,884,632.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥131.95 Million | +5.51% |
| Dividends Paid | CN¥206.62 Million | -8.62% |
| Share Repurchases | CN¥86.67 Million | -3.62% |
| Other Comprehensive Income | CN¥18.88 Million | +0.79% |
| Other Changes | CN¥-661.62K | -0.03% |
| Total Change | CN¥- | -5.64% |
Book Value vs Market Value Analysis
This analysis compares Jiajiayue Group 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: 2.84x
- 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 15.73x to 2.84x 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¥0.69 | CN¥10.82 | x |
| 2012-12-31 | CN¥1.05 | CN¥10.82 | x |
| 2013-12-31 | CN¥1.77 | CN¥10.82 | x |
| 2014-12-31 | CN¥2.02 | CN¥10.82 | x |
| 2015-12-31 | CN¥2.20 | CN¥10.82 | x |
| 2016-12-31 | CN¥5.10 | CN¥10.82 | x |
| 2017-12-31 | CN¥4.05 | CN¥10.82 | x |
| 2018-12-31 | CN¥4.48 | CN¥10.82 | x |
| 2019-12-31 | CN¥4.80 | CN¥10.82 | x |
| 2020-12-31 | CN¥5.01 | CN¥10.82 | x |
| 2021-12-31 | CN¥3.60 | CN¥10.82 | x |
| 2022-12-31 | CN¥3.42 | CN¥10.82 | x |
| 2023-12-31 | CN¥4.10 | CN¥10.82 | x |
| 2024-12-31 | CN¥3.81 | CN¥10.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiajiayue Group 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): 5.51%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.72%
- • Asset Turnover: 1.36x
- • Equity Multiplier: 5.60x
- Recent ROE (5.51%) is below the historical average (15.46%), 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 | 37.30% | 2.30% | 1.78x | 9.09x | CN¥114.25 Million |
| 2012 | 38.41% | 3.13% | 2.20x | 5.58x | CN¥181.54 Million |
| 2013 | 27.11% | 2.43% | 2.17x | 5.12x | CN¥138.25 Million |
| 2014 | 24.61% | 2.32% | 2.26x | 4.70x | CN¥135.23 Million |
| 2015 | 24.72% | 2.36% | 2.33x | 4.50x | CN¥147.23 Million |
| 2016 | 10.78% | 2.33% | 1.79x | 2.58x | CN¥18.21 Million |
| 2017 | 12.54% | 2.74% | 1.81x | 2.53x | CN¥62.87 Million |
| 2018 | 15.80% | 3.38% | 1.78x | 2.63x | CN¥157.74 Million |
| 2019 | 15.68% | 3.00% | 1.79x | 2.92x | CN¥165.81 Million |
| 2020 | 14.14% | 2.56% | 1.70x | 3.24x | CN¥125.12 Million |
| 2021 | -16.41% | -2.03% | 1.19x | 6.81x | CN¥-570.38 Million |
| 2022 | 0.91% | 0.10% | 1.26x | 7.01x | CN¥-186.32 Million |
| 2023 | 5.37% | 0.77% | 1.24x | 5.62x | CN¥-117.59 Million |
| 2024 | 5.51% | 0.72% | 1.36x | 5.60x | CN¥-107.72 Million |
Industry Comparison
This section compares Jiajiayue Group Co Ltd's net assets metrics with peer companies in the Department Stores industry.
Industry Context
- Industry: Department Stores
- Average net assets among peers: $1,784,586,171
- Average return on equity (ROE) among peers: 7.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiajiayue Group Co Ltd (603708) | CN¥2.45 Billion | 37.30% | 4.52x | $1.01 Billion |
| Hefei Department Store Group Co Ltd (000417) | $3.72 Billion | 9.85% | 1.14x | $763.47 Million |
| Changsha Tongcheng Holdings Co Ltd (000419) | $895.76 Million | 11.76% | 2.56x | $463.74 Million |
| Wushang Group Co Ltd (000501) | $1.56 Billion | 15.35% | 2.76x | $942.98 Million |
| CCOOP Group Co Ltd (000564) | $512.88 Million | 0.56% | 1.27x | $4.62 Billion |
| Dalian Friendship Group Co Ltd (000679) | $275.21 Million | -13.50% | 2.47x | $377.58 Million |
| Zhongxing Shenyang Commercial Building Group Co Ltd (000715) | $1.22 Billion | 7.30% | 0.75x | $473.70 Million |
| Easyhome New Retail Group Co Ltd (000785) | $636.92 Million | 1.30% | 2.21x | $2.35 Billion |
| Beijing Hualian Department Store Co Ltd (000882) | $6.26 Billion | 1.85% | 0.72x | $660.93 Million |
| Guangzhou Grandbuy Co Ltd (002187) | $2.38 Billion | 10.01% | 0.90x | $634.86 Million |
| Better Life Commercial Chain Share Co Ltd (002251) | $403.01 Million | 30.68% | 2.74x | $1.63 Billion |
About Jiajiayue Group Co Ltd
Jiajiayue Group Co., Ltd. engages in the operation of supermarkets chains in the People's Republic of China. The company was founded in 1981 and is based in Weihai, the People's Republic of China. Jiajiayue Group Co., Ltd. operates as a subsidiary of Jiajiayue Holding Group Co., Ltd.