FLAT GLASS GROUP H YC-25 (72T) - Net Assets
Based on the latest financial reports, FLAT GLASS GROUP H YC-25 (72T) has net assets worth €21.95 Billion EUR (≈ $25.66 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€43.20 Billion ≈ $50.50 Billion USD) and total liabilities (€21.25 Billion ≈ $24.84 Billion 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 72T cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €21.95 Billion |
| % of Total Assets | 50.81% |
| Annual Growth Rate | 22.63% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 25.35 |
FLAT GLASS GROUP H YC-25 - Net Assets Trend (2021–2024)
This chart illustrates how FLAT GLASS GROUP H YC-25's net assets have evolved over time, based on quarterly financial data. Also explore 72T asset base for the complete picture of this company's asset base.
Annual Net Assets for FLAT GLASS GROUP H YC-25 (2021–2024)
The table below shows the annual net assets of FLAT GLASS GROUP H YC-25 from 2021 to 2024. For live valuation and market cap data, see FLAT GLASS GROUP H YC-25 market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €21.78 Billion ≈ $25.47 Billion |
-2.27% |
| 2023-12-31 | €22.29 Billion ≈ $26.06 Billion |
+58.85% |
| 2022-12-31 | €14.03 Billion ≈ $16.41 Billion |
+18.82% |
| 2021-12-31 | €11.81 Billion ≈ $13.81 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to FLAT GLASS GROUP H YC-25'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 58.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €9.81 Billion | 45.23% |
| Other Components | €11.88 Billion | 54.77% |
| Total Equity | €21.70 Billion | 100.00% |
FLAT GLASS GROUP H YC-25 Competitors by Market Cap
The table below lists competitors of FLAT GLASS GROUP H YC-25 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shoe Carnival Inc
NASDAQ:SCVL
|
$490.61 Million |
|
WIA Gold Ltd
AU:WIA
|
$490.70 Million |
|
Fulgent Sun International Holding Co Ltd
TW:9802
|
$490.76 Million |
|
Verastem Inc
NASDAQ:VSTM
|
$491.00 Million |
|
LCY Technology Corp
TW:4989
|
$490.50 Million |
|
Elite Color Environmental Resources
SHE:002998
|
$490.49 Million |
|
Zhejiang Kaier New Materials
SHE:300234
|
$490.37 Million |
|
Raubex
JSE:RBX
|
$490.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FLAT GLASS GROUP H YC-25's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 22,215,074,391 to 21,698,797,844, a change of -516,276,547 (-2.3%).
- Net income of 1,006,602,737 contributed positively to equity growth.
- Dividend payments of 1,571,204,254 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.01 Billion | +4.64% |
| Dividends Paid | €1.57 Billion | -7.24% |
| Other Changes | €48.32 Million | +0.22% |
| Total Change | €- | -2.32% |
Book Value vs Market Value Analysis
This analysis compares FLAT GLASS GROUP H YC-25'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: 0.10x
- 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 |
|---|---|---|---|
| 2021-12-31 | €5.50 | €0.95 | x |
| 2022-12-31 | €6.54 | €0.95 | x |
| 2023-12-31 | €9.45 | €0.95 | x |
| 2024-12-31 | €9.30 | €0.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FLAT GLASS GROUP H YC-25 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): 4.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.39%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.98x
- Recent ROE (4.64%) is below the historical average (12.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 17.95% | 24.33% | 0.43x | 1.70x | €938.90 Million |
| 2022 | 15.13% | 13.73% | 0.48x | 2.31x | €719.54 Million |
| 2023 | 12.42% | 12.82% | 0.50x | 1.93x | €538.18 Million |
| 2024 | 4.64% | 5.39% | 0.44x | 1.98x | €-1.16 Billion |
Industry Comparison
This section compares FLAT GLASS GROUP H YC-25's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $11,277,828,104
- Average return on equity (ROE) among peers: -11.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FLAT GLASS GROUP H YC-25 (72T) | €21.95 Billion | 17.95% | 0.97x | $490.59 Million |
| Xinyi Solar Holdings Ltd (13X) | $34.41 Billion | 2.93% | 0.65x | $3.37 Billion |
| XINYI SOLAR UNSP.ADR/20 (13X0) | $29.34 Billion | 13.72% | 0.37x | $2.88 Billion |
| TECH INVEST GROUP ZY-02 (6N2) | $5.65 Million | -7.07% | 2.00x | $2.66 Million |
| COMTEC SOLAR SYS HD -004 (8C11) | $-134.44 Million | 0.00% | 0.00x | $10.53 Million |
| XINTE ENERGY CO. CL.H YC1 (9M7) | $36.04 Billion | 36.95% | 1.20x | $305.65 Million |
| 7C Solarparken AG (HRPK) | $32.39 Million | 0.00% | 0.76x | $130.67 Million |
| Global PVQ SE (QCE) | $882.70 Million | 2.14% | 1.47x | $329.86K |
| SMA Solar Technology AG (S92) | $424.48 Million | -41.34% | 1.33x | $1.10 Billion |
| Solartron Public Company Limited (TUUF) | $502.17 Million | -107.71% | 2.83x | $71.20 |
About FLAT GLASS GROUP H YC-25
Flat Glass Group Co., Ltd., together with its subsidiaries, engages in the manufacture and sale of glass products in the People's Republic of China, the rest of Asia, Europe, North America, and internationally. It operates through PV Glass, Household Glass, Architectural Glass, Float Glass, Mining Products, Electricity Generation Revenue, and Other Business segments. The company is also involved … Read more