Jiangxi Guoguang Commercial Chains Co Ltd (605188) - Net Assets
Based on the latest financial reports, Jiangxi Guoguang Commercial Chains Co Ltd (605188) has net assets worth CN¥1.18 Billion CNY (≈ $172.67 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¥2.79 Billion ≈ $408.67 Million USD) and total liabilities (CN¥1.61 Billion ≈ $236.00 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 605188 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.18 Billion |
| % of Total Assets | 42.25% |
| Annual Growth Rate | 15.13% |
| 5-Year Change | 1.0% |
| 10-Year Change | N/A |
| Growth Volatility | 49.13 |
Jiangxi Guoguang Commercial Chains Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Jiangxi Guoguang Commercial Chains Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Jiangxi Guoguang Commercial Chains Co Lt (605188) total assets for the complete picture of this company's asset base.
Annual Net Assets for Jiangxi Guoguang Commercial Chains Co Ltd (2016–2024)
The table below shows the annual net assets of Jiangxi Guoguang Commercial Chains Co Ltd from 2016 to 2024. For live valuation and market cap data, see market cap of Jiangxi Guoguang Commercial Chains Co Lt.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.12 Billion ≈ $163.66 Million |
+0.37% |
| 2023-12-31 | CN¥1.11 Billion ≈ $163.05 Million |
+0.88% |
| 2022-12-31 | CN¥1.10 Billion ≈ $161.63 Million |
+0.38% |
| 2021-12-31 | CN¥1.10 Billion ≈ $161.02 Million |
-0.63% |
| 2020-12-31 | CN¥1.11 Billion ≈ $162.04 Million |
+36.03% |
| 2019-12-31 | CN¥814.07 Million ≈ $119.12 Million |
+16.36% |
| 2018-12-31 | CN¥699.60 Million ≈ $102.37 Million |
+145.71% |
| 2017-12-31 | CN¥284.72 Million ≈ $41.66 Million |
-21.39% |
| 2016-12-31 | CN¥362.21 Million ≈ $53.00 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangxi Guoguang Commercial Chains 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 4.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥265.04 Million | 23.70% |
| Common Stock | CN¥495.58 Million | 44.31% |
| Other Comprehensive Income | CN¥32.02 Million | 2.86% |
| Other Components | CN¥325.76 Million | 29.13% |
| Total Equity | CN¥1.12 Billion | 100.00% |
Jiangxi Guoguang Commercial Chains Co Ltd Competitors by Market Cap
The table below lists competitors of Jiangxi Guoguang Commercial Chains Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anhui Guofeng Plastic Industry Co Ltd
SHE:000859
|
$1.19 Billion |
|
Kingsgate Consolidated Ltd
AU:KCN
|
$1.19 Billion |
|
LianChuang Electronic Technology Co Ltd
SHE:002036
|
$1.19 Billion |
|
Sunflower Pharmaceuticals Group Co Ltd
SHE:002737
|
$1.19 Billion |
|
Nano Nuclear Energy Inc. Common Stock
NASDAQ:NNE
|
$1.18 Billion |
|
Tianjin Benefo Tejing Electric Co Ltd
SHG:600468
|
$1.18 Billion |
|
Perpetual Limited
F:PVQ
|
$1.18 Billion |
|
thyssenkrupp nucera AG & Co. KGaA
XETRA:NCH2
|
$1.18 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangxi Guoguang Commercial Chains Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,114,261,314 to 1,118,404,021, a change of 4,142,707 (0.4%).
- Net income of 2,670,182 contributed positively to equity growth.
- Dividend payments of 4,955,800 reduced retained earnings.
- Other comprehensive income increased equity by 7,256,757.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.67 Million | +0.24% |
| Dividends Paid | CN¥4.96 Million | -0.44% |
| Other Comprehensive Income | CN¥7.26 Million | +0.65% |
| Other Changes | CN¥-828.43K | -0.07% |
| Total Change | CN¥- | 0.37% |
Book Value vs Market Value Analysis
This analysis compares Jiangxi Guoguang Commercial Chains 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: 7.13x
- 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 10.96x to 7.13x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥1.47 | CN¥16.12 | x |
| 2017-12-31 | CN¥1.17 | CN¥16.12 | x |
| 2018-12-31 | CN¥2.05 | CN¥16.12 | x |
| 2019-12-31 | CN¥1.64 | CN¥16.12 | x |
| 2020-12-31 | CN¥2.23 | CN¥16.12 | x |
| 2021-12-31 | CN¥2.22 | CN¥16.12 | x |
| 2022-12-31 | CN¥2.23 | CN¥16.12 | x |
| 2023-12-31 | CN¥2.25 | CN¥16.12 | x |
| 2024-12-31 | CN¥2.26 | CN¥16.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangxi Guoguang Commercial Chains 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): 0.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.10%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 2.39x
- Recent ROE (0.24%) is below the historical average (10.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 21.07% | 3.37% | 2.06x | 3.04x | CN¥40.10 Million |
| 2017 | 28.27% | 3.77% | 1.95x | 3.84x | CN¥52.02 Million |
| 2018 | 12.22% | 3.73% | 1.47x | 2.22x | CN¥15.55 Million |
| 2019 | 14.06% | 4.53% | 1.47x | 2.11x | CN¥33.06 Million |
| 2020 | 9.57% | 4.70% | 1.05x | 1.93x | CN¥-4.75 Million |
| 2021 | 2.74% | 1.41% | 0.81x | 2.40x | CN¥-79.92 Million |
| 2022 | 1.70% | 0.84% | 0.84x | 2.41x | CN¥-91.65 Million |
| 2023 | 1.30% | 0.60% | 0.90x | 2.42x | CN¥-96.90 Million |
| 2024 | 0.24% | 0.10% | 1.01x | 2.39x | CN¥-109.17 Million |
Industry Comparison
This section compares Jiangxi Guoguang Commercial Chains Co Ltd's net assets metrics with peer companies in the Department Stores industry.
Industry Context
- Industry: Department Stores
- Average net assets among peers: $1,784,586,171
- Average return on equity (ROE) among peers: 7.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangxi Guoguang Commercial Chains Co Ltd (605188) | CN¥1.18 Billion | 21.07% | 1.37x | $1.18 Billion |
| Hefei Department Store Group Co Ltd (000417) | $3.72 Billion | 9.85% | 1.14x | $763.47 Million |
| Changsha Tongcheng Holdings Co Ltd (000419) | $895.76 Million | 11.76% | 2.56x | $463.74 Million |
| Wushang Group Co Ltd (000501) | $1.56 Billion | 15.35% | 2.76x | $942.98 Million |
| CCOOP Group Co Ltd (000564) | $512.88 Million | 0.56% | 1.27x | $4.62 Billion |
| Dalian Friendship Group Co Ltd (000679) | $275.21 Million | -13.50% | 2.47x | $377.58 Million |
| Zhongxing Shenyang Commercial Building Group Co Ltd (000715) | $1.22 Billion | 7.30% | 0.75x | $473.70 Million |
| Easyhome New Retail Group Co Ltd (000785) | $636.92 Million | 1.30% | 2.21x | $2.35 Billion |
| Beijing Hualian Department Store Co Ltd (000882) | $6.26 Billion | 1.85% | 0.72x | $660.93 Million |
| Guangzhou Grandbuy Co Ltd (002187) | $2.38 Billion | 10.01% | 0.90x | $634.86 Million |
| Better Life Commercial Chain Share Co Ltd (002251) | $403.01 Million | 30.68% | 2.74x | $1.63 Billion |
About Jiangxi Guoguang Commercial Chains Co Ltd
Jiangxi Guoguang Commercial Chains Co., Ltd. operates a chain of supermarkets and department stores in China. Its stores fresh food and food as its core category. The company was founded in 2005 and is based in Ji'an, China. Jiangxi Guoguang Commercial Chains Co., Ltd. operates as a subsidiary of Jiangxi Guoguang Industrial Co., Ltd.