Ganso Co Ltd
Ganso Co., Ltd. engages in production and sale of self-branded decorated cakes, Chinese and Western pastries, and moon cakes in China. It also offers Chinese and Western pastry gift boxes, including moon cakes and rice dumplings; and seasonal, regular, and scenario-based products through online sales, offline direct store sales, and franchisee sales, as well as e-commerce platforms and food deliv… Read more
Ganso Co Ltd (603886) - Net Assets
Latest net assets as of June 2025: CN¥1.43 Billion CNY
Based on the latest financial reports, Ganso Co Ltd (603886) has net assets worth CN¥1.43 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.96 Billion) and total liabilities (CN¥1.54 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.43 Billion |
| % of Total Assets | 48.18% |
| Annual Growth Rate | 13.33% |
| 5-Year Change | 10.57% |
| 10-Year Change | 277.32% |
| Growth Volatility | 38.55 |
Ganso Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Ganso Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ganso Co Ltd (2011–2024)
The table below shows the annual net assets of Ganso Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.66 Billion | -0.24% |
| 2023-12-31 | CN¥1.66 Billion | +2.35% |
| 2022-12-31 | CN¥1.62 Billion | +1.57% |
| 2021-12-31 | CN¥1.60 Billion | +6.61% |
| 2020-12-31 | CN¥1.50 Billion | +0.39% |
| 2019-12-31 | CN¥1.49 Billion | +10.38% |
| 2018-12-31 | CN¥1.35 Billion | +10.88% |
| 2017-12-31 | CN¥1.22 Billion | +14.08% |
| 2016-12-31 | CN¥1.07 Billion | +143.46% |
| 2015-12-31 | CN¥439.07 Million | +17.29% |
| 2014-12-31 | CN¥374.33 Million | -10.38% |
| 2013-12-31 | CN¥417.67 Million | -9.82% |
| 2012-12-31 | CN¥463.17 Million | +42.26% |
| 2011-12-31 | CN¥325.57 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ganso 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 342.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥762.91 Million | 46.07% |
| Common Stock | CN¥240.00 Million | 14.49% |
| Other Components | CN¥653.19 Million | 39.44% |
| Total Equity | CN¥1.66 Billion | 100.00% |
Ganso Co Ltd Competitors by Market Cap
The table below lists competitors of Ganso Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KEFI GOLD COPPER LS -001
F:KMSA
|
$175.53 Million |
|
Beijing Airport High-Tech Park Co Ltd
SHG:600463
|
$175.56 Million |
|
Poongsan Holdi
KO:005810
|
$175.59 Million |
|
Gersan Elektrik Ticaret ve Sanayi AS
IS:GEREL
|
$175.60 Million |
|
Xinjiang Xinxin Mining Industry Co. Ltd
F:33X1
|
$175.41 Million |
|
TotalEnergies EP Gabon S.A.
PA:EC
|
$175.32 Million |
|
Svedbergs i Dalstorp AB (publ)
ST:SVED-B
|
$175.31 Million |
|
Launch One Acquisition Corp. Unit
NASDAQ:LPAAU
|
$175.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ganso Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,659,976,954 to 1,656,096,193, a change of -3,880,761 (-0.2%).
- Net income of 248,756,235 contributed positively to equity growth.
- Dividend payments of 240,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥248.76 Million | +15.02% |
| Dividends Paid | CN¥240.00 Million | -14.49% |
| Other Changes | CN¥-12.64 Million | -0.76% |
| Total Change | CN¥- | -0.23% |
Book Value vs Market Value Analysis
This analysis compares Ganso 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: 1.85x
- 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 5.02x to 1.85x 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¥2.54 | CN¥12.77 | x |
| 2012-12-31 | CN¥3.01 | CN¥12.77 | x |
| 2013-12-31 | CN¥2.33 | CN¥12.77 | x |
| 2014-12-31 | CN¥2.06 | CN¥12.77 | x |
| 2015-12-31 | CN¥2.45 | CN¥12.77 | x |
| 2016-12-31 | CN¥5.90 | CN¥12.77 | x |
| 2017-12-31 | CN¥5.09 | CN¥12.77 | x |
| 2018-12-31 | CN¥5.64 | CN¥12.77 | x |
| 2019-12-31 | CN¥6.22 | CN¥12.77 | x |
| 2020-12-31 | CN¥6.24 | CN¥12.77 | x |
| 2021-12-31 | CN¥6.65 | CN¥12.77 | x |
| 2022-12-31 | CN¥6.76 | CN¥12.77 | x |
| 2023-12-31 | CN¥6.91 | CN¥12.77 | x |
| 2024-12-31 | CN¥6.90 | CN¥12.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ganso 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): 15.02%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.75%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.85x
- Recent ROE (15.02%) is below the historical average (23.36%), 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 | 55.06% | 17.39% | 1.32x | 2.40x | CN¥145.76 Million |
| 2012 | 42.18% | 15.17% | 1.31x | 2.12x | CN¥148.72 Million |
| 2013 | 29.65% | 8.51% | 1.59x | 2.19x | CN¥81.95 Million |
| 2014 | 21.81% | 5.52% | 1.65x | 2.40x | CN¥44.17 Million |
| 2015 | 26.09% | 7.26% | 1.50x | 2.40x | CN¥70.58 Million |
| 2016 | 11.69% | 7.85% | 0.89x | 1.67x | CN¥18.11 Million |
| 2017 | 16.69% | 11.45% | 0.90x | 1.62x | CN¥81.61 Million |
| 2018 | 17.88% | 12.34% | 0.89x | 1.63x | CN¥106.48 Million |
| 2019 | 16.61% | 11.15% | 0.93x | 1.60x | CN¥98.58 Million |
| 2020 | 20.03% | 13.03% | 0.90x | 1.70x | CN¥150.26 Million |
| 2021 | 21.28% | 13.15% | 0.84x | 1.93x | CN¥180.19 Million |
| 2022 | 16.42% | 10.30% | 0.82x | 1.94x | CN¥104.19 Million |
| 2023 | 16.65% | 10.39% | 0.84x | 1.90x | CN¥110.34 Million |
| 2024 | 15.02% | 10.75% | 0.76x | 1.85x | CN¥83.15 Million |
Industry Comparison
This section compares Ganso Co Ltd's net assets metrics with peer companies in the Grocery Stores industry.
Industry Context
- Industry: Grocery Stores
- Average net assets among peers: $2,074,164,669
- Average return on equity (ROE) among peers: -2.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ganso Co Ltd (603886) | CN¥1.43 Billion | 55.06% | 1.08x | $175.53 Million |
| Renrenle Commercial Group Co Ltd (002336) | $1.77 Billion | -30.44% | 1.97x | $5.26 Million |
| Sanjiang Shopping Club Co Ltd (601116) | $1.64 Billion | 6.64% | 0.69x | $377.13 Million |
| Shanghai Laiyifen Co Ltd (603777) | $1.74 Billion | -4.34% | 0.82x | $215.35 Million |
| Shenyang Toly Bread Co Ltd (603866) | $3.16 Billion | 16.26% | 0.12x | $504.95 Million |