China New Economy Fund (HKSE:00080) 3-Year Book Growth Rate : -13.80% (As of Dec. 2023)

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What is China New Economy Fund 3-Year Book Growth Rate?

China New Economy Fund's Book Value per Share for the quarter that ended in Dec. 2023 was HK$0.07.

During the past 12 months, China New Economy Fund's average Book Value per Share Growth Rate was -37.00% per year. During the past 3 years, the average Book Value per Share Growth Rate was -13.80% per year. During the past 5 years, the average Book Value per Share Growth Rate was -16.20% per year. During the past 10 years, the average Book Value per Share Growth Rate was -45.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of China New Economy Fund was 3.30% per year. The lowest was -72.30% per year. And the median was -16.00% per year.

Competitive Comparison of China New Economy Fund's 3-Year Book Growth Rate

For the Asset Management subindustry, China New Economy Fund's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

China New Economy Fund's 3-Year Book Growth Rate Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, China New Economy Fund's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where China New Economy Fund's 3-Year Book Growth Rate falls into.

China New Economy Fund 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

China New Economy Fund (HKSE:00080) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

China New Economy Fund 3-Year Book Growth Rate Related Terms

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China New Economy Fund (HKSE:00080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » China New Economy Fund Ltd (HKSE:00080) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Wing Lok Street, 22 Floor, CS Tower, Sheung Wan, Hong Kong, HKG

Website

http://www.chinaneweconomyfund.com

China New Economy Fund Ltd is a Hong Kong-based company principally engaged in investment. The principal investment objective of the Company is to achieve long-term capital appreciation through investing in private or listed enterprises in China, Hong Kong, Macau, and Taiwan. The Company operates through two segments. The Listed Securities segment is engaged in investment in listed securities. The Unlisted Securities segment is engaged in investment in private equity funds and private equities. The investment manager of the Company is China Everbright Securities (HK) Limited.

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