Ganso Co Ltd (603886) - Net Assets

Latest as of March 2026: CN¥1.48 Billion CNY ≈ $217.01 Million USD

Based on the latest financial reports, Ganso Co Ltd (603886) has net assets worth CN¥1.48 Billion CNY (≈ $217.01 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¥2.79 Billion ≈ $407.59 Million USD) and total liabilities (CN¥1.30 Billion ≈ $190.57 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 Ganso Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.48 Billion
% of Total Assets	53.24%
Annual Growth Rate	11.85%
5-Year Change	-2.18%
10-Year Change	46.17%
Growth Volatility	37.63

Ganso Co Ltd - Net Assets Trend (2011–2025)

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

Annual Net Assets for Ganso Co Ltd (2011–2025)

The table below shows the annual net assets of Ganso Co Ltd from 2011 to 2025. For live valuation and market cap data, see 603886 company net worth.

Year	Net Assets	Change
2025-12-31	CN¥1.56 Billion ≈ $228.65 Million	-5.68%
2024-12-31	CN¥1.66 Billion ≈ $242.42 Million	-0.24%
2023-12-31	CN¥1.66 Billion ≈ $243.00 Million	+2.35%
2022-12-31	CN¥1.62 Billion ≈ $237.41 Million	+1.57%
2021-12-31	CN¥1.60 Billion ≈ $233.73 Million	+6.61%
2020-12-31	CN¥1.50 Billion ≈ $219.25 Million	+0.39%
2019-12-31	CN¥1.49 Billion ≈ $218.39 Million	+10.38%
2018-12-31	CN¥1.35 Billion ≈ $197.86 Million	+10.88%
2017-12-31	CN¥1.22 Billion ≈ $178.45 Million	+14.08%
2016-12-31	CN¥1.07 Billion ≈ $156.42 Million	+143.46%
2015-12-31	CN¥439.07 Million ≈ $64.25 Million	+17.29%
2014-12-31	CN¥374.33 Million ≈ $54.78 Million	-10.38%
2013-12-31	CN¥417.67 Million ≈ $61.12 Million	-9.82%
2012-12-31	CN¥463.17 Million ≈ $67.78 Million	+42.26%
2011-12-31	CN¥325.57 Million ≈ $47.64 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 284.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥662.50 Million	42.58%
Common Stock	CN¥240.00 Million	15.43%
Other Comprehensive Income	CN¥138.51 Million	8.90%
Other Components	CN¥514.88 Million	33.09%
Total Equity	CN¥1.56 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
TPI Polene Power Public Company Limited BK:TPIPP	$460.80 Million
Sinyi Realty Inc TW:9940	$460.81 Million
Sandhar Technologies Limited NSE:SANDHAR	$460.83 Million
Jinhua Chunguang Technology Co Ltd SHG:603657	$460.93 Million
Duta Pertiwi Tbk JK:DUTI	$460.71 Million
Sanlux Co Ltd SHE:002224	$460.71 Million
St Barbara Limited F:BM1	$460.69 Million
Hunan Mendale Hometextile Co Ltd SHE:002397	$460.67 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 2024 to 2025, total equity changed from 1,656,096,193 to 1,555,895,016, a change of -100,201,177 (-6.1%).
Net income of 139,594,221 contributed positively to equity growth.
Dividend payments of 240,000,000 reduced retained earnings.
Other comprehensive income increased equity by 138,513,080.
Other factors decreased equity by 138,308,478.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥139.59 Million	+8.97%
Dividends Paid	CN¥240.00 Million	-15.43%
Other Comprehensive Income	CN¥138.51 Million	+8.9%
Other Changes	CN¥-138.31 Million	-8.89%
Total Change	CN¥-	-6.05%

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: 2.02x
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 5.16x to 2.02x 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¥13.12	x
2012-12-31	CN¥3.01	CN¥13.12	x
2013-12-31	CN¥2.32	CN¥13.12	x
2014-12-31	CN¥2.08	CN¥13.12	x
2015-12-31	CN¥2.45	CN¥13.12	x
2016-12-31	CN¥5.90	CN¥13.12	x
2017-12-31	CN¥5.09	CN¥13.12	x
2018-12-31	CN¥5.64	CN¥13.12	x
2019-12-31	CN¥6.20	CN¥13.12	x
2020-12-31	CN¥6.24	CN¥13.12	x
2021-12-31	CN¥6.67	CN¥13.12	x
2022-12-31	CN¥6.76	CN¥13.12	x
2023-12-31	CN¥6.91	CN¥13.12	x
2024-12-31	CN¥6.92	CN¥13.12	x
2025-12-31	CN¥6.48	CN¥13.12	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): 8.97%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.74%
• Asset Turnover: 0.70x
• Equity Multiplier: 1.91x
Recent ROE (8.97%) is below the historical average (22.46%), 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	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	18.78%	12.87%	0.89x	1.63x	CN¥118.65 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
2025	8.97%	6.74%	0.70x	1.91x	CN¥-16.00 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: $1,460,504,067
Average return on equity (ROE) among peers: 17.52%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Ganso Co Ltd (603886)	CN¥1.48 Billion	55.06%	0.88x	$460.77 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
Shanghai Laiyifen Co Ltd (603777)	$646.50 Million	16.02%	0.68x	$822.63 Million
Shenyang Toly Bread Co Ltd (603866)	$1.04 Billion	26.29%	0.19x	$926.99 Million

About Ganso Co Ltd

SHG:603886 China Grocery Stores

Market Cap

$460.77 Million

CN¥3.15 Billion CNY

Market Cap Rank

#12841 Global

#3816 in China

Share Price

CN¥13.12

Change (1 day)

-3.46%

52-Week Range

CN¥10.46 - CN¥14.35

All Time High

CN¥26.21