CoCreation Grass Co Ltd
CoCreation Grass Co., Ltd manufactures and sells artificial grass in China and internationally. The company offers artificial turf for sports and landscape purposes. It also provides artificial plant under the EdenVert brand name. It serves professional sports clubs, government bodies, schools, and households. CoCreation Grass Co., Ltd was founded in 2004 and is headquartered in Nanjing, China.
CoCreation Grass Co Ltd (605099) - Net Assets
Latest net assets as of June 2025: CN¥2.83 Billion CNY
Based on the latest financial reports, CoCreation Grass Co Ltd (605099) has net assets worth CN¥2.83 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¥3.67 Billion) and total liabilities (CN¥837.51 Million). 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¥2.83 Billion |
| % of Total Assets | 77.19% |
| Annual Growth Rate | 21.63% |
| 5-Year Change | 51.78% |
| 10-Year Change | 670.43% |
| Growth Volatility | 35.01 |
CoCreation Grass Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how CoCreation Grass 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 CoCreation Grass Co Ltd (2008–2024)
The table below shows the annual net assets of CoCreation Grass Co Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.76 Billion | +10.73% |
| 2023-12-31 | CN¥2.49 Billion | +8.86% |
| 2022-12-31 | CN¥2.29 Billion | +14.53% |
| 2021-12-31 | CN¥2.00 Billion | +9.94% |
| 2020-12-31 | CN¥1.82 Billion | +98.05% |
| 2019-12-31 | CN¥917.99 Million | +34.57% |
| 2018-12-31 | CN¥682.18 Million | +64.23% |
| 2017-12-31 | CN¥415.38 Million | -36.24% |
| 2016-12-31 | CN¥651.51 Million | +81.90% |
| 2013-12-31 | CN¥358.17 Million | +13.92% |
| 2012-12-31 | CN¥314.40 Million | +8.86% |
| 2011-12-31 | CN¥288.82 Million | +4.07% |
| 2010-12-31 | CN¥277.53 Million | +66.76% |
| 2009-12-31 | CN¥166.42 Million | +38.32% |
| 2008-12-31 | CN¥120.32 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CoCreation Grass 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 1960.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.58 Billion | 57.21% |
| Other Components | CN¥1.18 Billion | 42.79% |
| Total Equity | CN¥2.76 Billion | 100.00% |
CoCreation Grass Co Ltd Competitors by Market Cap
The table below lists competitors of CoCreation Grass Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shunfa Hengye Corp
SHE:000631
|
$232.85 Million |
|
Leedarson IoT Technology Inc
SHG:605365
|
$232.89 Million |
|
Shenzhen Longtech Smart Control Co. Ltd.
SHE:300916
|
$232.93 Million |
|
SuperAlloy Industrial Co., Ltd.
TW:1563
|
$232.99 Million |
|
Intracom Holdings S.A.
AT:INTRK
|
$232.64 Million |
|
Cheng Mei Materials Technology Corp
TW:4960
|
$232.59 Million |
|
Shui On Land Limited
F:OL5
|
$232.56 Million |
|
Hongda High-Tech Holding Co Ltd
SHE:002144
|
$232.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CoCreation Grass Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,492,167,261 to 2,759,460,471, a change of 267,293,211 (10.7%).
- Net income of 511,249,406 contributed positively to equity growth.
- Dividend payments of 216,048,600 reduced retained earnings.
- Other factors decreased equity by 27,907,595.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥511.25 Million | +18.53% |
| Dividends Paid | CN¥216.05 Million | -7.83% |
| Other Changes | CN¥-27.91 Million | -1.01% |
| Total Change | CN¥- | 10.73% |
Book Value vs Market Value Analysis
This analysis compares CoCreation Grass 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: 5.95x
- 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 136.74x to 5.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.30 | CN¥40.87 | x |
| 2009-12-31 | CN¥0.41 | CN¥40.87 | x |
| 2010-12-31 | CN¥0.69 | CN¥40.87 | x |
| 2011-12-31 | CN¥0.72 | CN¥40.87 | x |
| 2012-12-31 | CN¥0.78 | CN¥40.87 | x |
| 2013-12-31 | CN¥0.89 | CN¥40.87 | x |
| 2016-12-31 | CN¥1.80 | CN¥40.87 | x |
| 2017-12-31 | CN¥1.15 | CN¥40.87 | x |
| 2018-12-31 | CN¥1.88 | CN¥40.87 | x |
| 2019-12-31 | CN¥2.55 | CN¥40.87 | x |
| 2020-12-31 | CN¥4.91 | CN¥40.87 | x |
| 2021-12-31 | CN¥4.99 | CN¥40.87 | x |
| 2022-12-31 | CN¥5.70 | CN¥40.87 | x |
| 2023-12-31 | CN¥6.23 | CN¥40.87 | x |
| 2024-12-31 | CN¥6.87 | CN¥40.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CoCreation Grass 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): 18.53%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.32%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 1.20x
- Recent ROE (18.53%) is below the historical average (24.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 24.28% | 13.09% | 1.14x | 1.63x | CN¥17.18 Million |
| 2009 | 21.69% | 13.11% | 1.30x | 1.27x | CN¥19.46 Million |
| 2010 | 17.69% | 14.79% | 1.01x | 1.18x | CN¥21.36 Million |
| 2011 | 24.68% | 15.71% | 1.09x | 1.44x | CN¥42.41 Million |
| 2012 | 15.95% | 7.61% | 1.06x | 1.98x | CN¥18.69 Million |
| 2013 | 15.81% | 8.83% | 1.12x | 1.60x | CN¥20.79 Million |
| 2016 | 35.03% | 21.02% | 1.06x | 1.57x | CN¥163.10 Million |
| 2017 | 57.77% | 19.36% | 1.48x | 2.01x | CN¥198.45 Million |
| 2018 | 33.47% | 16.33% | 1.31x | 1.57x | CN¥160.09 Million |
| 2019 | 31.00% | 18.32% | 1.20x | 1.41x | CN¥192.80 Million |
| 2020 | 22.60% | 22.21% | 0.89x | 1.14x | CN¥229.12 Million |
| 2021 | 19.03% | 16.52% | 0.96x | 1.20x | CN¥180.41 Million |
| 2022 | 19.53% | 18.09% | 0.87x | 1.24x | CN¥218.10 Million |
| 2023 | 17.30% | 17.52% | 0.79x | 1.25x | CN¥182.01 Million |
| 2024 | 18.53% | 17.32% | 0.89x | 1.20x | CN¥235.30 Million |
Industry Comparison
This section compares CoCreation Grass Co Ltd's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $780,869,385
- Average return on equity (ROE) among peers: 7.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CoCreation Grass Co Ltd (605099) | CN¥2.83 Billion | 24.28% | 0.30x | $232.64 Million |
| China Bicycle Co Holdings Ltd (000017) | $-1.76 Billion | 0.00% | 0.00x | $399.65 Million |
| Sportsoul Co. Ltd. A (001300) | $1.06 Billion | 2.11% | 0.25x | $179.80 Million |
| HL Corp Shenzhen (002105) | $567.28 Million | 4.46% | 1.51x | $173.11 Million |
| Goldlok Toys Holdings Guangdong Co Ltd (002348) | $1.12 Billion | 5.75% | 0.06x | $627.40 Million |
| Guangdong Qunxing Toys Joint-Stock Co Ltd (002575) | $884.00 Million | 4.93% | 0.13x | $533.55 Million |
| Shanghai Yaoji Playing Card Co Ltd (002605) | $1.06 Billion | 8.95% | 0.37x | $695.43 Million |
| Xiamen Comfort Science&Technology Group Co Ltd (002614) | $217.49 Million | 21.16% | 1.94x | $334.52 Million |
| Guangzhou Pearl River Piano Group Co Ltd (002678) | $3.73 Billion | 0.16% | 0.22x | $191.51 Million |
| Shifeng Cultural Development Co Ltd (002862) | $569.17 Million | 5.62% | 0.07x | $192.82 Million |
| Impulse Qingdao Health Tech Co Ltd (002899) | $361.39 Million | 21.08% | 0.71x | $407.33 Million |