Shanghai Laiyifen Co Ltd (603777) - Net Assets
Based on the latest financial reports, Shanghai Laiyifen Co Ltd (603777) has net assets worth CN¥1.60 Billion CNY (≈ $234.37 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¥3.04 Billion ≈ $444.90 Million USD) and total liabilities (CN¥1.44 Billion ≈ $210.53 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 603777 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.60 Billion |
| % of Total Assets | 52.68% |
| Annual Growth Rate | 17.71% |
| 5-Year Change | 4.23% |
| 10-Year Change | 60.93% |
| Growth Volatility | 82.35 |
Shanghai Laiyifen Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Shanghai Laiyifen Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shanghai Laiyifen Co Ltd assets under control for the complete picture of this company's asset base.
Annual Net Assets for Shanghai Laiyifen Co Ltd (2009–2024)
The table below shows the annual net assets of Shanghai Laiyifen Co Ltd from 2009 to 2024. For live valuation and market cap data, see how much is Shanghai Laiyifen Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 199.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥426.46 Million | 24.60% |
| Common Stock | CN¥336.56 Million | 19.42% |
| Other Components | CN¥970.43 Million | 55.98% |
| Total Equity | CN¥1.73 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 |
|---|---|
|
Risesun Real Estate Development Co Ltd
SHE:002146
|
$884.42 Million |
|
Cementos Pacasmayo SAA ADR
NYSE:CPAC
|
$884.47 Million |
|
Jupiter Life Line Hospitals Limited
NSE:JLHL
|
$884.78 Million |
|
Sunyard System Engineering Co Ltd
SHG:600571
|
$885.03 Million |
|
Jiangsu Lianyungang Port Co Ltd
SHG:601008
|
$884.12 Million |
|
Omada Health, Inc. Common Stock
NASDAQ:OMDA
|
$884.10 Million |
|
Pantoro Limited
F:RKN
|
$883.89 Million |
|
J Resources Asia Pasifik Tbk
JK:PSAB
|
$883.76 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 2023 to 2024, total equity changed from 1,839,959,821 to 1,733,448,502, a change of -106,511,319 (-5.8%).
- Net loss of 75,267,602 reduced equity.
- Dividend payments of 17,155,250 reduced retained earnings.
- Share repurchases of 35,024,961 reduced equity.
- Other factors increased equity by 20,936,494.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-75.27 Million | -4.34% |
| Dividends Paid | CN¥17.16 Million | -0.99% |
| Share Repurchases | CN¥35.02 Million | -2.02% |
| Other Changes | CN¥20.94 Million | +1.21% |
| Total Change | CN¥- | -5.79% |
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: 3.41x
- 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 21.47x to 3.41x 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¥18.07 | x |
| 2010-12-31 | CN¥3.48 | CN¥18.07 | x |
| 2011-12-31 | CN¥3.69 | CN¥18.07 | x |
| 2012-12-31 | CN¥3.00 | CN¥18.07 | x |
| 2013-12-31 | CN¥3.34 | CN¥18.07 | x |
| 2014-12-31 | CN¥3.74 | CN¥18.07 | x |
| 2015-12-31 | CN¥4.27 | CN¥18.07 | x |
| 2016-12-31 | CN¥6.89 | CN¥18.07 | x |
| 2017-12-31 | CN¥5.64 | CN¥18.07 | x |
| 2018-12-31 | CN¥5.50 | CN¥18.07 | x |
| 2019-12-31 | CN¥5.20 | CN¥18.07 | x |
| 2020-12-31 | CN¥4.94 | CN¥18.07 | x |
| 2021-12-31 | CN¥5.03 | CN¥18.07 | x |
| 2022-12-31 | CN¥5.38 | CN¥18.07 | x |
| 2023-12-31 | CN¥5.48 | CN¥18.07 | x |
| 2024-12-31 | CN¥5.30 | CN¥18.07 | 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): -4.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.23%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 1.83x
- Recent ROE (-4.34%) is below the historical average (8.76%), 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 |
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: $1,998,675,909
- Average return on equity (ROE) among peers: 14.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Laiyifen Co Ltd (603777) | CN¥1.60 Billion | 50.06% | 0.90x | $884.29 Million |
| Renrenle Commercial Group Co Ltd (002336) | $2.31 Billion | 2.62% | 1.45x | $23.18 Million |
| Sanjiang Shopping Club Co Ltd (601116) | $609.80 Million | 21.55% | 2.06x | $1.10 Billion |
| Shenyang Toly Bread Co Ltd (603866) | $3.42 Billion | 18.77% | 0.14x | $1.17 Billion |
| Ganso Co Ltd (603886) | $1.66 Billion | 15.02% | 0.85x | $435.13 Million |
About Shanghai Laiyifen Co Ltd
Shanghai Laiyifen Co.,Ltd operates snack food stores in China. The company's product categories include, ready-to-eat, puffed food, legumes, seeds and nuts, cake and pastries, meat-based, fruits and veggie, sweets, dried fruits, and seafoods. It also offers imported goods. In addition, the company provides its products through its online platform. It operates approximately 3,000 stores. The compa… Read more