Flat Glass Group Co. Ltd

PINK:FGSGF USA Solar
Market Cap
$644.90 Million
Market Cap Rank
#5861 Global
#3392 in USA
Share Price
$1.46
Change (1 day)
+0.00%
52-Week Range
$1.46 - $1.46
All Time High
$3.99
Categories
Companies in USA Solar
About

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

Flat Glass Group Co. Ltd (FGSGF) - Net Assets

Latest net assets as of September 2025: $22.28 Billion USD

Based on the latest financial reports, Flat Glass Group Co. Ltd (FGSGF) has net assets worth $22.28 Billion USD as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($41.89 Billion) and total liabilities ($19.61 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.

Key Net Assets Metrics

Metric Value
Current Net Assets $22.28 Billion
% of Total Assets 53.19%
Annual Growth Rate 24.73%
5-Year Change 201.1%
10-Year Change 746.72%
Growth Volatility 24.16

Flat Glass Group Co. Ltd - Net Assets Trend (2012–2024)

This chart illustrates how Flat Glass Group Co. Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Flat Glass Group Co. Ltd (2012–2024)

The table below shows the annual net assets of Flat Glass Group Co. Ltd from 2012 to 2024.

Year Net Assets Change
2024-12-31 $21.78 Billion -2.27%
2023-12-31 $22.29 Billion +58.85%
2022-12-31 $14.03 Billion +18.82%
2021-12-31 $11.81 Billion +63.24%
2020-12-31 $7.23 Billion +60.31%
2019-12-31 $4.51 Billion +23.01%
2018-12-31 $3.67 Billion +12.87%
2017-12-31 $3.25 Billion +9.90%
2016-12-31 $2.96 Billion +14.96%
2015-12-31 $2.57 Billion +55.22%
2014-12-31 $1.66 Billion -4.72%
2013-12-31 $1.74 Billion +13.26%
2012-12-31 $1.54 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Flat Glass Group 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 837.1% 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%
Common Stock $585.73 Million 2.70%
Other Components $11.30 Billion 52.07%
Total Equity $21.70 Billion 100.00%

Flat Glass Group Co. Ltd Competitors by Market Cap

The table below lists competitors of Flat Glass Group Co. Ltd ranked by their market capitalization.

Company Market Cap
LuxNet
TWO:4979
 		$1.49 Billion
Financière Amuse TopCo SAS
ST:ASMDEE-B
 		$1.49 Billion
Shenzhen Kstar Science & Technology Co Ltd
SHE:002518
 		$1.49 Billion
ShenZhen YUTO Packaging Technology Co Ltd
SHE:002831
 		$1.49 Billion
Pearl Abyss Corp
KQ:263750
 		$1.49 Billion
Nanning Chemical Industry Co Ltd
SHG:600301
 		$1.49 Billion
Guangdong Zhongsheng Pharmaceutical Co Ltd
SHE:002317
 		$1.49 Billion
Shenyang Machine Tool Co Ltd
SHE:000410
 		$1.49 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Flat Glass Group Co. Ltd'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.
  • Share repurchases of 337,385,971 reduced equity.
  • Other comprehensive income decreased equity by 950,458,012.
  • Other factors increased equity by 1,336,168,953.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income $1.01 Billion +4.64%
Dividends Paid $1.57 Billion -7.24%
Share Repurchases $337.39 Million -1.55%
Other Comprehensive Income $-950.46 Million -4.38%
Other Changes $1.34 Billion +6.16%
Total Change $- -2.32%

Book Value vs Market Value Analysis

This analysis compares Flat Glass Group 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: 0.31x
  • 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.
  • The price-to-book ratio has decreased from 2.73x to 0.31x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2012-12-31 $0.53 $1.46 x
2013-12-31 $0.61 $1.46 x
2014-12-31 $0.46 $1.46 x
2015-12-31 $0.92 $1.46 x
2016-12-31 $0.82 $1.46 x
2017-12-31 $0.90 $1.46 x
2018-12-31 $1.02 $1.46 x
2019-12-31 $1.16 $1.46 x
2020-12-31 $1.80 $1.46 x
2021-12-31 $2.75 $1.46 x
2022-12-31 $3.27 $1.46 x
2023-12-31 $4.99 $1.46 x
2024-12-31 $4.65 $1.46 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Flat Glass Group 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): 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 (14.58%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2012 3.90% 4.02% 0.41x 2.37x $-93.72 Million
2013 11.70% 9.31% 0.55x 2.27x $29.65 Million
2014 23.69% 13.86% 0.69x 2.48x $226.91 Million
2015 16.86% 14.89% 0.62x 1.82x $176.51 Million
2016 20.49% 20.54% 0.66x 1.51x $310.28 Million
2017 13.21% 14.44% 0.50x 1.83x $104.47 Million
2018 11.20% 13.52% 0.44x 1.90x $44.06 Million
2019 15.89% 14.92% 0.51x 2.08x $265.95 Million
2020 22.51% 26.02% 0.51x 1.70x $905.31 Million
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 Co. Ltd's net assets metrics with peer companies in the Solar industry.

Industry Context

  • Industry: Solar
  • Average net assets among peers: $424,642,617
  • Average return on equity (ROE) among peers: 1.08%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Flat Glass Group Co. Ltd (FGSGF) $22.28 Billion 3.90% 0.88x $1.49 Billion
ABCO Energy Inc (ABCE) $-190.65K 0.00% 0.00x $11.90K
Advantagewon Oil Corporation (ANTGF) $-1.30 Million 0.00% 0.00x $547.13K
Advanced Powerline Technologies Inc (APWL) $6.31 Million -45.47% 0.40x $1.82
Array Technologies Inc (ARRY) $-25.72 Million 0.00% 0.00x $972.65 Million
Ascent Solar Technologies, Inc. Common Stock (ASTI) $139.62 Million -9.47% 0.10x $18.06 Million
Beam Global (BEEM) $-1.41 Million 0.00% 0.00x $26.89 Million
Clear Blue Technologies International Inc (CBUTF) $-215.24K 0.00% 0.00x $834.08K
China Changjiang Mining & New Energy Co Ltd (CHJI) $924.23K 64.84% 0.83x $2.91K
Canadian Solar Inc (CSIQ) $4.15 Billion 0.87% 2.26x $868.69 Million
Complete Solaria, Inc. Common Stock (CSLR) $-21.39 Million 0.00% 0.00x $89.72 Million