Tianjin Guangyu Development Co Ltd
Green Development Electricity Group of Tianjin Co., Ltd. engages in the investment, development, construction, and operation of wind and solar energy in China. It is involved in offshore wind power, solar power generation and biomass power generation, onshore wind power, and photovoltaic power, and solar thermal power generation, as well as provides energy storage services. The company was former… Read more
Tianjin Guangyu Development Co Ltd (000537) - Net Assets
Latest net assets as of September 2025: CN¥25.99 Billion CNY
Based on the latest financial reports, Tianjin Guangyu Development Co Ltd (000537) has net assets worth CN¥25.99 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥94.26 Billion) and total liabilities (CN¥68.27 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 | CN¥25.99 Billion |
| % of Total Assets | 27.57% |
| Annual Growth Rate | 18.29% |
| 5-Year Change | 61.4% |
| 10-Year Change | 804.03% |
| Growth Volatility | 44.01 |
Tianjin Guangyu Development Co Ltd - Net Assets Trend (1992–2024)
This chart illustrates how Tianjin Guangyu Development 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 Tianjin Guangyu Development Co Ltd (1992–2024)
The table below shows the annual net assets of Tianjin Guangyu Development Co Ltd from 1992 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥24.79 Billion | +20.58% |
| 2023-12-31 | CN¥20.56 Billion | +16.25% |
| 2022-12-31 | CN¥17.68 Billion | +26.87% |
| 2021-12-31 | CN¥13.94 Billion | -9.25% |
| 2020-12-31 | CN¥15.36 Billion | +12.83% |
| 2019-12-31 | CN¥13.61 Billion | +27.39% |
| 2018-12-31 | CN¥10.68 Billion | +10.62% |
| 2017-12-31 | CN¥9.66 Billion | +194.56% |
| 2016-12-31 | CN¥3.28 Billion | +19.60% |
| 2015-12-31 | CN¥2.74 Billion | +9.73% |
| 2014-12-31 | CN¥2.50 Billion | +20.91% |
| 2013-12-31 | CN¥2.07 Billion | +36.44% |
| 2012-12-31 | CN¥1.51 Billion | +11.58% |
| 2011-12-31 | CN¥1.36 Billion | +41.41% |
| 2010-12-31 | CN¥959.92 Million | +21.60% |
| 2009-12-31 | CN¥789.38 Million | +14.99% |
| 2008-12-31 | CN¥686.46 Million | +2.64% |
| 2007-12-31 | CN¥668.80 Million | +10.91% |
| 2006-12-31 | CN¥602.99 Million | -5.75% |
| 2005-12-31 | CN¥639.78 Million | +14.74% |
| 2004-12-31 | CN¥557.59 Million | +32.48% |
| 2003-12-31 | CN¥420.88 Million | -47.30% |
| 2002-12-31 | CN¥798.68 Million | -6.49% |
| 2001-12-31 | CN¥854.10 Million | +3.45% |
| 2000-12-31 | CN¥825.65 Million | +111.37% |
| 1999-12-31 | CN¥390.61 Million | +22.32% |
| 1998-12-31 | CN¥319.33 Million | +7.93% |
| 1997-12-31 | CN¥295.86 Million | +1.89% |
| 1996-12-31 | CN¥290.36 Million | +11.12% |
| 1995-12-31 | CN¥261.31 Million | -5.99% |
| 1994-12-31 | CN¥277.96 Million | +2.72% |
| 1993-12-31 | CN¥270.61 Million | +135.63% |
| 1992-12-31 | CN¥114.84 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tianjin Guangyu Development 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 359023.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥10.52 Billion | 53.69% |
| Common Stock | CN¥2.07 Billion | 10.55% |
| Other Comprehensive Income | CN¥996.48 Million | 5.09% |
| Other Components | CN¥6.01 Billion | 30.68% |
| Total Equity | CN¥19.59 Billion | 100.00% |
Tianjin Guangyu Development Co Ltd Competitors by Market Cap
The table below lists competitors of Tianjin Guangyu Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Data Patterns (India) Limited
NSE:DATAPATTNS
|
$889.67 Million |
|
Mesnac Co Ltd
SHE:002073
|
$889.84 Million |
|
CIE Automotive S.A
PINK:CUOTF
|
$890.48 Million |
|
Oscotec Inc
KQ:039200
|
$890.75 Million |
|
Regional S.A.B. de C.V
MX:RA
|
$889.43 Million |
|
Zhejiang Jingxing Paper Joint Stock Co Ltd
SHE:002067
|
$888.99 Million |
|
Viridien
PA:VIRI
|
$888.86 Million |
|
Primarius Technologies Co. Ltd. A
SHG:688206
|
$888.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tianjin Guangyu Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 17,158,955,556 to 19,593,004,404, a change of 2,434,048,848 (14.2%).
- Net income of 1,008,572,747 contributed positively to equity growth.
- Dividend payments of 371,988,423 reduced retained earnings.
- Other comprehensive income increased equity by 996,475,799.
- Other factors increased equity by 800,988,725.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.01 Billion | +5.15% |
| Dividends Paid | CN¥371.99 Million | -1.9% |
| Other Comprehensive Income | CN¥996.48 Million | +5.09% |
| Other Changes | CN¥800.99 Million | +4.09% |
| Total Change | CN¥- | 14.19% |
Book Value vs Market Value Analysis
This analysis compares Tianjin Guangyu Development 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: 1.20x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 49.53x to 1.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-12-31 | CN¥0.24 | CN¥11.68 | x |
| 1993-12-31 | CN¥0.56 | CN¥11.68 | x |
| 1994-12-31 | CN¥0.57 | CN¥11.68 | x |
| 1995-12-31 | CN¥0.54 | CN¥11.68 | x |
| 1996-12-31 | CN¥0.60 | CN¥11.68 | x |
| 1997-12-31 | CN¥0.61 | CN¥11.68 | x |
| 1998-12-31 | CN¥0.66 | CN¥11.68 | x |
| 1999-12-31 | CN¥0.80 | CN¥11.68 | x |
| 2000-12-31 | CN¥1.66 | CN¥11.68 | x |
| 2001-12-31 | CN¥1.72 | CN¥11.68 | x |
| 2002-12-31 | CN¥1.64 | CN¥11.68 | x |
| 2003-12-31 | CN¥0.86 | CN¥11.68 | x |
| 2004-12-31 | CN¥0.98 | CN¥11.68 | x |
| 2005-12-31 | CN¥1.02 | CN¥11.68 | x |
| 2006-12-31 | CN¥0.86 | CN¥11.68 | x |
| 2007-12-31 | CN¥0.94 | CN¥11.68 | x |
| 2008-12-31 | CN¥0.88 | CN¥11.68 | x |
| 2009-12-31 | CN¥0.99 | CN¥11.68 | x |
| 2010-12-31 | CN¥1.20 | CN¥11.68 | x |
| 2011-12-31 | CN¥1.74 | CN¥11.68 | x |
| 2012-12-31 | CN¥2.29 | CN¥11.68 | x |
| 2013-12-31 | CN¥2.97 | CN¥11.68 | x |
| 2014-12-31 | CN¥3.55 | CN¥11.68 | x |
| 2015-12-31 | CN¥3.84 | CN¥11.68 | x |
| 2016-12-31 | CN¥1.43 | CN¥11.68 | x |
| 2017-12-31 | CN¥5.75 | CN¥11.68 | x |
| 2018-12-31 | CN¥5.72 | CN¥11.68 | x |
| 2019-12-31 | CN¥7.31 | CN¥11.68 | x |
| 2020-12-31 | CN¥8.25 | CN¥11.68 | x |
| 2021-12-31 | CN¥7.27 | CN¥11.68 | x |
| 2022-12-31 | CN¥8.81 | CN¥11.68 | x |
| 2023-12-31 | CN¥9.14 | CN¥11.68 | x |
| 2024-12-31 | CN¥9.71 | CN¥11.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tianjin Guangyu Development 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): 5.15%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.26%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 4.56x
- Recent ROE (5.15%) is below the historical average (8.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 21.04% | 3.18% | 2.36x | 2.81x | CN¥12.67 Million |
| 1993 | 8.75% | 1.56% | 2.77x | 2.03x | CN¥-3.37 Million |
| 1994 | 10.57% | 5.99% | 0.72x | 2.45x | CN¥1.57 Million |
| 1995 | 7.88% | 5.06% | 0.50x | 3.13x | CN¥-5.53 Million |
| 1996 | 10.01% | 10.83% | 0.36x | 2.59x | CN¥15.19K |
| 1997 | 10.16% | 21.86% | 0.28x | 1.66x | CN¥474.53K |
| 1998 | 8.52% | 30.48% | 0.16x | 1.80x | CN¥-4.73 Million |
| 1999 | 23.63% | 25.89% | 0.58x | 1.58x | CN¥53.22 Million |
| 2000 | 14.31% | 25.51% | 0.40x | 1.42x | CN¥34.89 Million |
| 2001 | 8.00% | 13.03% | 0.35x | 1.76x | CN¥-16.77 Million |
| 2002 | -5.23% | -18.77% | 0.15x | 1.81x | CN¥-121.32 Million |
| 2003 | -89.51% | -385.13% | 0.10x | 2.40x | CN¥-418.23 Million |
| 2004 | 8.15% | 9.99% | 0.17x | 4.68x | CN¥-8.86 Million |
| 2005 | 4.14% | 2.64% | 0.31x | 4.99x | CN¥-29.26 Million |
| 2006 | -13.18% | -5.14% | 0.47x | 5.49x | CN¥-102.20 Million |
| 2007 | 9.66% | 4.80% | 0.33x | 6.05x | CN¥-1.63 Million |
| 2008 | -8.91% | -2.27% | 0.63x | 6.26x | CN¥-82.92 Million |
| 2009 | 16.23% | 8.04% | 0.35x | 5.72x | CN¥31.41 Million |
| 2010 | 17.46% | 6.97% | 0.56x | 4.44x | CN¥45.58 Million |
| 2011 | 31.57% | 22.39% | 0.42x | 3.35x | CN¥191.58 Million |
| 2012 | 23.98% | 15.73% | 0.54x | 2.81x | CN¥163.31 Million |
| 2013 | 23.59% | 24.26% | 0.36x | 2.71x | CN¥207.88 Million |
| 2014 | 15.51% | 21.87% | 0.27x | 2.66x | CN¥99.65 Million |
| 2015 | 7.29% | 9.86% | 0.18x | 4.09x | CN¥-52.86 Million |
| 2016 | 25.17% | 6.30% | 0.50x | 7.99x | CN¥348.56 Million |
| 2017 | 21.74% | 9.70% | 0.30x | 7.52x | CN¥1.13 Billion |
| 2018 | 23.42% | 9.25% | 0.36x | 7.11x | CN¥1.43 Billion |
| 2019 | 23.09% | 13.67% | 0.33x | 5.14x | CN¥1.78 Billion |
| 2020 | 14.40% | 24669.65% | 0.00x | 4.87x | CN¥675.93 Million |
| 2021 | -2.33% | -1.61% | 0.24x | 6.08x | CN¥-1.67 Billion |
| 2022 | 3.86% | 18.47% | 0.09x | 2.29x | CN¥-1.01 Billion |
| 2023 | 5.36% | 24.92% | 0.05x | 4.10x | CN¥-796.32 Million |
| 2024 | 5.15% | 26.26% | 0.04x | 4.56x | CN¥-950.73 Million |
Industry Comparison
This section compares Tianjin Guangyu Development Co Ltd's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $1,948,773,025
- Average return on equity (ROE) among peers: 10.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tianjin Guangyu Development Co Ltd (000537) | CN¥25.99 Billion | 21.04% | 2.63x | $889.49 Million |
| Tunghsu Azure Renewable Energy Co Ltd (000040) | $867.90 Million | 2.09% | 1.86x | $58.47 Million |
| CECEP Solar Energy Co Ltd (000591) | $162.02 Million | 10.48% | 1.97x | $2.20 Billion |
| GEPIC Energy Development Co Ltd (000791) | $7.49 Billion | 5.90% | 1.54x | $765.93 Million |
| Tieling Newcity Investment Holding Ltd (000809) | $3.45 Billion | 20.56% | 0.64x | $269.10 Million |
| Hubei Energy Group Co Ltd (000883) | $730.62 Million | 9.40% | 0.33x | $1.99 Billion |
| Fujian MinDong Electric Power Co Ltd (000993) | $1.70 Billion | 3.61% | 1.46x | $406.20 Million |
| Xinjiang Lixin Energy Co. Ltd. A (001258) | $2.92 Billion | 1.72% | 4.24x | $377.98 Million |
| Shenzhen Feima International Supply Chain Co Ltd (002210) | $148.08 Million | 3.32% | 6.54x | $718.01 Million |
| Shenzhen Sunrise New Energy Co Ltd (002256) | $65.12 Million | 40.54% | 1.51x | $785.39 Million |