Shanghai Waigaoqiao Free Trade Zone Group Co Ltd B (900912) - Net Assets
Based on the latest financial reports, Shanghai Waigaoqiao Free Trade Zone Group Co Ltd B (900912) has net assets worth $16.44 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($48.30 Billion) and total liabilities ($31.86 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. Check 900912 strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $16.44 Billion |
| % of Total Assets | 34.04% |
| Annual Growth Rate | 5.54% |
| 5-Year Change | 37.23% |
| 10-Year Change | 67.61% |
| Growth Volatility | 5.68 |
Shanghai Waigaoqiao Free Trade Zone Group Co Ltd B - Net Assets Trend (2015–2025)
This chart illustrates how Shanghai Waigaoqiao Free Trade Zone Group Co Ltd B's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Shanghai Waigaoqiao Free Trade Zone Grou.
Annual Net Assets for Shanghai Waigaoqiao Free Trade Zone Group Co Ltd B (2015–2025)
The table below shows the annual net assets of Shanghai Waigaoqiao Free Trade Zone Group Co Ltd B from 2015 to 2025. Also explore Shanghai Waigaoqiao Free Trade Zone Grou annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $16.42 Billion | +22.22% |
| 2024-12-31 | $13.44 Billion | +4.58% |
| 2023-12-31 | $12.85 Billion | +4.50% |
| 2022-12-31 | $12.30 Billion | +2.74% |
| 2021-12-31 | $11.97 Billion | +6.52% |
| 2020-12-31 | $11.24 Billion | +3.39% |
| 2019-12-31 | $10.87 Billion | +1.63% |
| 2018-12-31 | $10.69 Billion | +3.64% |
| 2017-12-31 | $10.32 Billion | +5.30% |
| 2016-12-31 | $9.80 Billion | +2.34% |
| 2015-12-31 | $9.57 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shanghai Waigaoqiao Free Trade Zone Group Co Ltd B'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 110.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $7.47 Billion | 46.83% |
| Other Components | $8.48 Billion | 53.17% |
| Total Equity | $15.94 Billion | 100.00% |
Shanghai Waigaoqiao Free Trade Zone Group Co Ltd B Competitors by Market Cap
The table below lists competitors of Shanghai Waigaoqiao Free Trade Zone Group Co Ltd B ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
D. Boral ARC Acquisition I Corp. Class A Ordinary Shares
NASDAQ:BCAR
|
$128.19 Million |
|
Financiera Independencia S.A.B. de C.V. SOFOM E.N.R
MX:FINDEP
|
$128.19 Million |
|
Chun Yu Works & Co Ltd
TW:2012
|
$128.21 Million |
|
Nyrada Inc
AU:NYR
|
$128.25 Million |
|
Audio Pixels Holdings Ltd
AU:AKP
|
$128.14 Million |
|
Kyochon F And B Co Ltd
KO:339770
|
$128.09 Million |
|
Komplett AS
OL:KOMPL
|
$128.05 Million |
|
Moens Bank A/S
CO:MNBA
|
$127.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Waigaoqiao Free Trade Zone Group Co Ltd B's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 13,030,399,619 to 15,942,551,460, a change of 2,912,151,842 (22.3%).
- Net income of 935,334,680 contributed positively to equity growth.
- Dividend payments of 1,023,922,275 reduced retained earnings.
- Other factors increased equity by 3,000,739,437.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $935.33 Million | +5.87% |
| Dividends Paid | $1.02 Billion | -6.42% |
| Other Changes | $3.00 Billion | +18.82% |
| Total Change | $- | 22.35% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Waigaoqiao Free Trade Zone Group Co Ltd B'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: 0.05x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $8.75 | $0.64 | x |
| 2018-12-31 | $8.97 | $0.64 | x |
| 2019-12-31 | $9.29 | $0.64 | x |
| 2020-12-31 | $9.65 | $0.64 | x |
| 2021-12-31 | $10.30 | $0.64 | x |
| 2022-12-31 | $10.56 | $0.64 | x |
| 2023-12-31 | $11.05 | $0.64 | x |
| 2024-12-31 | $11.48 | $0.64 | x |
| 2025-12-31 | $11.72 | $0.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Waigaoqiao Free Trade Zone Group Co Ltd B 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): 5.87%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.67%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 2.99x
- Recent ROE (5.87%) is below the historical average (7.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 5.87% | 6.76% | 0.27x | 3.18x | $-379.73 Million |
| 2016 | 7.67% | 8.35% | 0.29x | 3.14x | $-219.13 Million |
| 2017 | 7.45% | 8.26% | 0.29x | 3.08x | $-253.78 Million |
| 2018 | 8.15% | 10.77% | 0.25x | 3.05x | $-188.36 Million |
| 2019 | 8.30% | 9.79% | 0.26x | 3.30x | $-179.67 Million |
| 2020 | 6.59% | 7.06% | 0.26x | 3.59x | $-374.11 Million |
| 2021 | 8.02% | 10.55% | 0.21x | 3.69x | $-231.79 Million |
| 2022 | 10.35% | 13.49% | 0.22x | 3.48x | $41.42 Million |
| 2023 | 7.40% | 12.07% | 0.17x | 3.56x | $-326.07 Million |
| 2024 | 7.30% | 13.14% | 0.16x | 3.54x | $-351.61 Million |
| 2025 | 5.87% | 15.67% | 0.13x | 2.99x | $-658.92 Million |
Industry Comparison
This section compares Shanghai Waigaoqiao Free Trade Zone Group Co Ltd B's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $1,875,472,524
- Average return on equity (ROE) among peers: 6.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Waigaoqiao Free Trade Zone Group Co Ltd B (900912) | $16.44 Billion | 5.87% | 1.94x | $128.16 Million |
| Shaanxi Jinye Science Technology and Education Group Co Ltd (000812) | $555.80 Million | 7.11% | 0.60x | $436.44 Million |
| Tungkong Inc (002117) | $1.25 Billion | 10.43% | 0.28x | $629.19 Million |
| Eternal Asia Supply Chain Management Ltd (002183) | $8.22 Billion | 1.50% | 4.15x | $1.66 Billion |
| Hongbo Co Ltd (002229) | $1.79 Billion | 1.97% | 0.18x | $898.17 Million |
| Beijing Shengtong Printing Co Ltd (002599) | $16.64 Million | 70.11% | 8.78x | $462.00 Million |
| Shanghai Nar Industrial Co Ltd (002825) | $1.45 Billion | 6.91% | 0.65x | $499.77 Million |
| Xuchang Ketop Testing Research Ins (003008) | $1.07 Billion | 5.50% | 0.08x | $299.96 Million |
| Suzhou Electrical Apparatus Sci (300215) | $1.83 Billion | 4.73% | 1.24x | $720.18 Million |
| Trust Alliance Information Development Inc Ltd Shanghai (300469) | $377.98 Million | -42.29% | 2.20x | $1.92 Billion |
| Hunan Huakai Cultural and Creative Co Ltd (300592) | $2.19 Billion | -3.99% | 0.36x | $1.03 Billion |
About Shanghai Waigaoqiao Free Trade Zone Group Co Ltd B
Shanghai Waigaoqiao Free Trade Zone Group Co., Ltd. engages in the trade and operation business in China. The company is also involved in real estate development and operation; entrepot trade, bonded warehousing, international freight forwarding within bonded zones; consulting and agency services for foreign investment projects; and parking fee collection business. In addition, it provides intern… Read more