Cansino Biologics Inc (688185) - Net Assets

Latest as of December 2025: CN¥12.11 Billion CNY ≈ $1.77 Billion USD

Based on the latest financial reports, Cansino Biologics Inc (688185) has net assets worth CN¥12.11 Billion CNY (≈ $1.77 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥7.18 Billion ≈ $1.05 Billion USD) and total liabilities (CN¥-4.93 Billion ≈ $-721.61 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 688185 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥12.11 Billion
% of Total Assets	168.71%
Annual Growth Rate	56.55%
5-Year Change	41.66%
10-Year Change	N/A
Growth Volatility	115.56

Cansino Biologics Inc - Net Assets Trend (2016–2025)

This chart illustrates how Cansino Biologics Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Cansino Biologics Inc (688185) market capitalisation.

Annual Net Assets for Cansino Biologics Inc (2016–2025)

The table below shows the annual net assets of Cansino Biologics Inc from 2016 to 2025. Also explore 688185 net asset momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	CN¥12.11 Billion ≈ $1.77 Billion	+146.36%
2024-12-31	CN¥4.92 Billion ≈ $719.24 Million	-7.04%
2023-12-31	CN¥5.29 Billion ≈ $773.72 Million	-27.03%
2022-12-31	CN¥7.25 Billion ≈ $1.06 Billion	-15.24%
2021-12-31	CN¥8.55 Billion ≈ $1.25 Billion	+40.80%
2020-12-31	CN¥6.07 Billion ≈ $888.36 Million	+312.84%
2019-12-31	CN¥1.47 Billion ≈ $215.18 Million	+192.75%
2018-12-31	CN¥502.32 Million ≈ $73.50 Million	-17.29%
2017-12-31	CN¥607.33 Million ≈ $88.87 Million	+183.17%
2016-12-31	CN¥214.47 Million ≈ $31.38 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Cansino Biologics Inc'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 decreased by 33535800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Comprehensive Income	CN¥4.93 Billion	100.00%
Other Components	CN¥471.44 Million	9.56%
Total Equity	CN¥4.93 Billion	100.00%

Cansino Biologics Inc Competitors by Market Cap

The table below lists competitors of Cansino Biologics Inc ranked by their market capitalization.

Company	Market Cap
Cronos Group Inc TO:CRON	$1.34 Billion
TianJin 712 Communication & Broadcasting Co Ltd SHG:603712	$1.34 Billion
Dongguan Eontec Co Ltd SHE:300328	$1.34 Billion
Radiant Opto-Electronics Corp TW:6176	$1.34 Billion
Ziel Home Furnishing Technology Co. Ltd. A SHE:301376	$1.33 Billion
North Huajin Chemical Industries Co Ltd SHE:000059	$1.33 Billion
Zhejiang Hisoar Pharmaceutical Co Ltd SHE:002099	$1.33 Billion
Globant S.A. LSE:0RIX	$1.33 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Cansino Biologics Inc's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 4,909,872,000 to 4,931,361,000, a change of 21,489,000 (0.4%).
Net income of 27,872,718 contributed positively to equity growth.
Share repurchases of 7,306,000 reduced equity.
New share issuances of 7,340,000 increased equity.
Other comprehensive income increased equity by 4,904,795,862.
Other factors decreased equity by 4,911,213,580.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥27.87 Million	+0.57%
Share Repurchases	CN¥7.31 Million	-0.15%
Share Issuances	CN¥7.34 Million	+0.15%
Other Comprehensive Income	CN¥4.90 Billion	+99.46%
Other Changes	CN¥-4.91 Billion	-99.59%
Total Change	CN¥-	0.44%

Book Value vs Market Value Analysis

This analysis compares Cansino Biologics Inc'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: 4.10x
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 45.20x to 4.10x 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¥1.76	CN¥79.74	x
2017-12-31	CN¥4.28	CN¥79.74	x
2018-12-31	CN¥3.28	CN¥79.74	x
2019-12-31	CN¥7.23	CN¥79.74	x
2020-12-31	CN¥26.33	CN¥79.74	x
2021-12-31	CN¥32.32	CN¥79.74	x
2022-12-31	CN¥27.31	CN¥79.74	x
2023-12-31	CN¥21.38	CN¥79.74	x
2024-12-31	CN¥19.83	CN¥79.74	x
2025-12-31	CN¥19.46	CN¥79.74	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Cansino Biologics Inc 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): 0.57%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.61%
• Asset Turnover: 0.15x
• Equity Multiplier: 1.46x
Recent ROE (0.57%) is above the historical average (-10.34%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	-23.24%	-608.31%	0.03x	1.52x	CN¥-71.30 Million
2017	-10.61%	-701.92%	0.01x	1.43x	CN¥-125.18 Million
2018	-27.53%	-1597.52%	0.01x	1.58x	CN¥-188.51 Million
2019	-10.66%	-1004.14%	0.01x	1.21x	CN¥-303.82 Million
2020	-6.53%	-1593.56%	0.00x	1.11x	CN¥-1.00 Billion
2021	23.94%	44.52%	0.36x	1.49x	CN¥1.11 Billion
2022	-13.48%	-87.90%	0.09x	1.70x	CN¥-1.58 Billion
2023	-28.11%	-415.23%	0.04x	1.77x	CN¥-2.01 Billion
2024	-7.72%	-44.77%	0.11x	1.62x	CN¥-869.87 Million
2025	0.57%	2.61%	0.15x	1.46x	CN¥-465.26 Million

Industry Comparison

This section compares Cansino Biologics Inc's net assets metrics with peer companies in the Drug Manufacturers - Specialty & Generic industry.

Industry Context

Industry: Drug Manufacturers - Specialty & Generic
Average net assets among peers: $3,877,324,223
Average return on equity (ROE) among peers: 8.08%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Cansino Biologics Inc (688185)	CN¥12.11 Billion	-23.24%	-0.41x	$1.33 Billion
Shenzhen Neptunus Bioengineering Co Ltd (000078)	$1.78 Billion	1.33%	4.40x	$589.07 Million
Anhui Fengyuan Pharmaceutical Co Ltd (000153)	$1.56 Billion	7.90%	1.45x	$422.95 Million
Shan Dong Dong-E E-Jiao Co Ltd (000423)	$2.46 Billion	15.95%	0.27x	$4.31 Billion
Livzon Pharmaceutical Group Inc (000513)	$1.17 Billion	10.59%	0.88x	$2.30 Billion
Wedge Industrial Co Ltd (000534)	$1.41 Billion	5.42%	0.68x	$1.73 Billion
Yunnan Baiyao Group Co Ltd (000538)	$32.60 Million	12.25%	0.82x	$13.40 Billion
Hainan Haiyao Co Ltd (000566)	$2.54 Billion	7.70%	0.92x	$945.43 Million
Tus Pharmaceutical Group Co Ltd (000590)	$380.02 Million	7.98%	0.67x	$320.64 Million
Northeast Pharmaceutical Group Co Ltd (000597)	$3.92 Billion	4.44%	2.20x	$1.01 Billion
Jilin Aodong Pharmaceutical Group Co Ltd (000623)	$23.53 Billion	7.26%	0.16x	$3.11 Billion

About Cansino Biologics Inc

SHG:688185 China Drug Manufacturers - Specialty & Generic

Market Cap

$1.33 Billion

CN¥9.12 Billion CNY

Market Cap Rank

#7777 Global

#1754 in China

Share Price

CN¥79.74

Change (1 day)

+10.05%

52-Week Range

CN¥47.90 - CN¥92.78

All Time High

CN¥773.75