Shanghai Laiyifen Co Ltd (603777) - Net Assets

Latest as of March 2026: CN¥1.58 Billion CNY ≈ $231.34 Million USD

Based on the latest financial reports, Shanghai Laiyifen Co Ltd (603777) has net assets worth CN¥1.58 Billion CNY (≈ $231.34 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¥2.91 Billion ≈ $426.00 Million USD) and total liabilities (CN¥1.33 Billion ≈ $194.66 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 tangible equity quality of Shanghai Laiyifen Co Ltd to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.58 Billion
% of Total Assets	54.31%
Annual Growth Rate	15.89%
5-Year Change	-6.2%
10-Year Change	-15.16%
Growth Volatility	80.28

Shanghai Laiyifen Co Ltd - Net Assets Trend (2009–2025)

This chart illustrates how Shanghai Laiyifen Co Ltd's net assets have evolved over time, based on quarterly financial data. See 603777 days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Shanghai Laiyifen Co Ltd (2009–2025)

The table below shows the annual net assets of Shanghai Laiyifen Co Ltd from 2009 to 2025. For live valuation and market cap data, see how much is Shanghai Laiyifen Co Ltd worth.

Year	Net Assets	Change
2025-12-31	CN¥1.59 Billion ≈ $232.74 Million	-8.37%
2024-12-31	CN¥1.74 Billion ≈ $253.99 Million	-5.79%
2023-12-31	CN¥1.84 Billion ≈ $269.61 Million	+1.71%
2022-12-31	CN¥1.81 Billion ≈ $265.07 Million	+6.83%
2021-12-31	CN¥1.70 Billion ≈ $248.13 Million	+1.83%
2020-12-31	CN¥1.67 Billion ≈ $243.67 Million	-5.57%
2019-12-31	CN¥1.76 Billion ≈ $258.05 Million	-4.86%
2018-12-31	CN¥1.85 Billion ≈ $271.22 Million	-2.79%
2017-12-31	CN¥1.91 Billion ≈ $279.00 Million	+1.71%
2016-12-31	CN¥1.87 Billion ≈ $274.32 Million	+73.81%
2015-12-31	CN¥1.08 Billion ≈ $157.83 Million	+13.90%
2014-12-31	CN¥946.99 Million ≈ $138.57 Million	+11.68%
2013-12-31	CN¥847.93 Million ≈ $124.08 Million	+10.57%
2012-12-31	CN¥766.89 Million ≈ $112.22 Million	-0.44%
2011-12-31	CN¥770.25 Million ≈ $112.71 Million	+19.14%
2010-12-31	CN¥646.50 Million ≈ $94.60 Million	+330.05%
2009-12-31	CN¥150.33 Million ≈ $22.00 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shanghai Laiyifen 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 86.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥265.47 Million	16.90%
Other Components	CN¥1.30 Billion	83.10%
Total Equity	CN¥1.57 Billion	100.00%

Shanghai Laiyifen Co Ltd Competitors by Market Cap

The table below lists competitors of Shanghai Laiyifen Co Ltd ranked by their market capitalization.

Company	Market Cap
Baotou Huazi Industry Co Ltd SHG:600191	$823.15 Million
JC Finance & Tax Interconnect Holdings Ltd SHE:002530	$823.23 Million
Logwin AG XETRA:TGHN	$823.46 Million
Barclays PLC LSE:BARC	$823.56 Million
Huangshan Tourism Development Co Ltd A SHG:600054	$822.48 Million
Kyobo Securiti KO:030610	$822.27 Million
Lian Hwa Foods Corp TW:1231	$821.82 Million
BANPU POWER BK:BPP-R	$821.71 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shanghai Laiyifen Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,733,448,502 to 1,570,431,271, a change of -163,017,231 (-9.4%).
Net loss of 160,988,657 reduced equity.
Dividend payments of 4,263,631 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-160.99 Million	-10.25%
Dividends Paid	CN¥4.26 Million	-0.27%
Other Changes	CN¥2.24 Million	+0.14%
Total Change	CN¥-	-9.40%

Book Value vs Market Value Analysis

This analysis compares Shanghai Laiyifen 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: 3.58x
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 19.97x to 3.58x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2009-12-31	CN¥0.84	CN¥16.81	x
2010-12-31	CN¥3.48	CN¥16.81	x
2011-12-31	CN¥3.69	CN¥16.81	x
2012-12-31	CN¥3.00	CN¥16.81	x
2013-12-31	CN¥3.34	CN¥16.81	x
2014-12-31	CN¥3.74	CN¥16.81	x
2015-12-31	CN¥4.27	CN¥16.81	x
2016-12-31	CN¥6.89	CN¥16.81	x
2017-12-31	CN¥5.64	CN¥16.81	x
2018-12-31	CN¥5.50	CN¥16.81	x
2019-12-31	CN¥5.10	CN¥16.81	x
2020-12-31	CN¥4.94	CN¥16.81	x
2021-12-31	CN¥4.92	CN¥16.81	x
2022-12-31	CN¥5.41	CN¥16.81	x
2023-12-31	CN¥5.47	CN¥16.81	x
2024-12-31	CN¥5.22	CN¥16.81	x
2025-12-31	CN¥4.70	CN¥16.81	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shanghai Laiyifen 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): -10.25%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -4.22%
• Asset Turnover: 1.24x
• Equity Multiplier: 1.97x
Recent ROE (-10.25%) is below the historical average (7.64%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2009	50.06%	6.94%	2.64x	2.74x	CN¥60.23 Million
2010	16.02%	5.77%	1.65x	1.68x	CN¥38.94 Million
2011	16.07%	4.91%	1.69x	1.93x	CN¥46.73 Million
2012	4.04%	1.12%	1.92x	1.87x	CN¥-45.69 Million
2013	11.54%	3.56%	1.79x	1.81x	CN¥13.07 Million
2014	14.34%	4.75%	1.75x	1.72x	CN¥41.06 Million
2015	12.20%	4.21%	1.67x	1.74x	CN¥23.73 Million
2016	7.15%	4.14%	1.17x	1.48x	CN¥-53.35 Million
2017	5.32%	2.79%	1.21x	1.57x	CN¥-89.29 Million
2018	0.55%	0.26%	1.37x	1.53x	CN¥-175.24 Million
2019	0.59%	0.26%	1.40x	1.63x	CN¥-165.98 Million
2020	-3.92%	-1.62%	1.49x	1.63x	CN¥-231.72 Million
2021	1.83%	0.74%	1.23x	2.00x	CN¥-138.56 Million
2022	5.63%	2.33%	1.19x	2.04x	CN¥-79.04 Million
2023	3.10%	1.43%	1.18x	1.83x	CN¥-126.95 Million
2024	-4.34%	-2.23%	1.07x	1.83x	CN¥-248.61 Million
2025	-10.25%	-4.22%	1.24x	1.97x	CN¥-318.03 Million

Industry Comparison

This section compares Shanghai Laiyifen Co Ltd's net assets metrics with peer companies in the Grocery Stores industry.

Industry Context

Industry: Grocery Stores
Average net assets among peers: $1,380,272,962
Average return on equity (ROE) among peers: 27.19%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shanghai Laiyifen Co Ltd (603777)	CN¥1.58 Billion	50.06%	0.84x	$822.63 Million
Renrenle Commercial Group Co Ltd (002336)	$980.25 Million	23.42%	2.38x	$23.18 Million
Sanjiang Shopping Club Co Ltd (601116)	$3.18 Billion	4.33%	0.58x	$869.55 Million
Shenyang Toly Bread Co Ltd (603866)	$1.04 Billion	26.29%	0.19x	$926.99 Million
Ganso Co Ltd (603886)	$325.57 Million	54.71%	1.38x	$460.77 Million

About Shanghai Laiyifen Co Ltd

SHG:603777 China Grocery Stores

Market Cap

$822.63 Million

CN¥5.62 Billion CNY

Market Cap Rank

#9936 Global

#2654 in China

Share Price

CN¥16.81

Change (1 day)

-9.77%

52-Week Range

CN¥12.13 - CN¥21.05

All Time High

CN¥51.43