Tianjin Guangyu Development Co Ltd (000537) - Net Assets

Latest as of September 2025: CN¥25.99 Billion CNY ≈ $3.80 Billion USD

Based on the latest financial reports, Tianjin Guangyu Development Co Ltd (000537) has net assets worth CN¥25.99 Billion CNY (≈ $3.80 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 (CN¥94.26 Billion ≈ $13.79 Billion USD) and total liabilities (CN¥68.27 Billion ≈ $9.99 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 000537 asset resilience ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Tianjin Guangyu Development Co Ltd (000537) total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Tianjin Guangyu Development Co Ltd stock valuation.

Year Net Assets Change
2024-12-31 CN¥24.79 Billion
≈ $3.63 Billion		 +20.58%
2023-12-31 CN¥20.56 Billion
≈ $3.01 Billion		 +16.25%
2022-12-31 CN¥17.68 Billion
≈ $2.59 Billion		 +26.87%
2021-12-31 CN¥13.94 Billion
≈ $2.04 Billion		 -9.25%
2020-12-31 CN¥15.36 Billion
≈ $2.25 Billion		 +12.83%
2019-12-31 CN¥13.61 Billion
≈ $1.99 Billion		 +27.39%
2018-12-31 CN¥10.68 Billion
≈ $1.56 Billion		 +10.62%
2017-12-31 CN¥9.66 Billion
≈ $1.41 Billion		 +194.56%
2016-12-31 CN¥3.28 Billion
≈ $479.83 Million		 +19.60%
2015-12-31 CN¥2.74 Billion
≈ $401.19 Million		 +9.73%
2014-12-31 CN¥2.50 Billion
≈ $365.63 Million		 +20.91%
2013-12-31 CN¥2.07 Billion
≈ $302.41 Million		 +36.44%
2012-12-31 CN¥1.51 Billion
≈ $221.64 Million		 +11.58%
2011-12-31 CN¥1.36 Billion
≈ $198.63 Million		 +41.41%
2010-12-31 CN¥959.92 Million
≈ $140.47 Million		 +21.60%
2009-12-31 CN¥789.38 Million
≈ $115.51 Million		 +14.99%
2008-12-31 CN¥686.46 Million
≈ $100.45 Million		 +2.64%
2007-12-31 CN¥668.80 Million
≈ $97.87 Million		 +10.91%
2006-12-31 CN¥602.99 Million
≈ $88.24 Million		 -5.75%
2005-12-31 CN¥639.78 Million
≈ $93.62 Million		 +14.74%
2004-12-31 CN¥557.59 Million
≈ $81.59 Million		 +32.48%
2003-12-31 CN¥420.88 Million
≈ $61.59 Million		 -47.30%
2002-12-31 CN¥798.68 Million
≈ $116.87 Million		 -6.49%
2001-12-31 CN¥854.10 Million
≈ $124.98 Million		 +3.45%
2000-12-31 CN¥825.65 Million
≈ $120.82 Million		 +111.37%
1999-12-31 CN¥390.61 Million
≈ $57.16 Million		 +22.32%
1998-12-31 CN¥319.33 Million
≈ $46.73 Million		 +7.93%
1997-12-31 CN¥295.86 Million
≈ $43.29 Million		 +1.89%
1996-12-31 CN¥290.36 Million
≈ $42.49 Million		 +11.12%
1995-12-31 CN¥261.31 Million
≈ $38.24 Million		 -5.99%
1994-12-31 CN¥277.96 Million
≈ $40.67 Million		 +2.72%
1993-12-31 CN¥270.61 Million
≈ $39.60 Million		 +135.63%
1992-12-31 CN¥114.84 Million
≈ $16.81 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
Ebro Foods
MC:EBRO
 $2.99 Billion
Shanghai Huayi Group Corp Ltd A
SHG:600623
 $2.99 Billion
Dongfeng Motor Group Company Limited
F:D4D
 $3.00 Billion
Kent Gida Maddeleri Sanayi ve Ticaret AS
IS:KENT
 $3.00 Billion
Structure Therapeutics Inc. American Depositary Shares
NASDAQ:GPCR
 $2.99 Billion
ROCKWOOL International A/S
CO:ROCK-A
 $2.99 Billion
China South Publishing & Media Group Co Ltd
SHG:601098
 $2.99 Billion
Shaanxi Huaqin Technology Industry Co. Ltd. A
SHG:688281
 $2.99 Billion

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: 1.02x
  • 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 41.94x to 1.02x 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¥9.89 x
1993-12-31 CN¥0.56 CN¥9.89 x
1994-12-31 CN¥0.57 CN¥9.89 x
1995-12-31 CN¥0.54 CN¥9.89 x
1996-12-31 CN¥0.60 CN¥9.89 x
1997-12-31 CN¥0.61 CN¥9.89 x
1998-12-31 CN¥0.66 CN¥9.89 x
1999-12-31 CN¥0.80 CN¥9.89 x
2000-12-31 CN¥1.66 CN¥9.89 x
2001-12-31 CN¥1.72 CN¥9.89 x
2002-12-31 CN¥1.64 CN¥9.89 x
2003-12-31 CN¥0.86 CN¥9.89 x
2004-12-31 CN¥0.98 CN¥9.89 x
2005-12-31 CN¥1.02 CN¥9.89 x
2006-12-31 CN¥0.86 CN¥9.89 x
2007-12-31 CN¥0.94 CN¥9.89 x
2008-12-31 CN¥0.88 CN¥9.89 x
2009-12-31 CN¥0.99 CN¥9.89 x
2010-12-31 CN¥1.20 CN¥9.89 x
2011-12-31 CN¥1.74 CN¥9.89 x
2012-12-31 CN¥2.29 CN¥9.89 x
2013-12-31 CN¥2.97 CN¥9.89 x
2014-12-31 CN¥3.55 CN¥9.89 x
2015-12-31 CN¥3.84 CN¥9.89 x
2016-12-31 CN¥1.43 CN¥9.89 x
2017-12-31 CN¥5.75 CN¥9.89 x
2018-12-31 CN¥5.72 CN¥9.89 x
2019-12-31 CN¥7.31 CN¥9.89 x
2020-12-31 CN¥8.25 CN¥9.89 x
2021-12-31 CN¥7.27 CN¥9.89 x
2022-12-31 CN¥8.81 CN¥9.89 x
2023-12-31 CN¥9.14 CN¥9.89 x
2024-12-31 CN¥9.71 CN¥9.89 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: $6,485,324,662
  • Average return on equity (ROE) among peers: 4.65%

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 $2.99 Billion
Tunghsu Azure Renewable Energy Co Ltd (000040) $1.12 Billion 6.89% 0.99x $106.61 Million
Guangdong Electric Power Development Co Ltd (000539) $13.08 Billion 5.85% 1.64x $4.25 Billion
CECEP Solar Energy Co Ltd (000591) $118.20 Million 8.66% 2.32x $2.87 Billion
GEPIC Energy Development Co Ltd (000791) $8.09 Billion 3.22% 1.20x $3.83 Billion
Tieling Newcity Investment Holding Ltd (000809) $3.24 Billion -5.53% 0.94x $455.01 Million
Hubei Energy Group Co Ltd (000883) $28.19 Billion 7.71% 0.64x $4.61 Billion
Fujian MinDong Electric Power Co Ltd (000993) $2.06 Billion 5.13% 0.85x $820.24 Million
Shenzhen Feima International Supply Chain Co Ltd (002210) $148.08 Million 3.32% 6.54x $1.16 Billion
Shenzhen Sunrise New Energy Co Ltd (002256) $2.32 Billion 6.62% 0.66x $1.34 Billion

About Tianjin Guangyu Development Co Ltd

SHE:000537 China Utilities - Renewable
Market Cap
$2.99 Billion
CN¥20.44 Billion CNY
Market Cap Rank
#4943 Global
#936 in China
Share Price
CN¥9.89
Change (1 day)
-3.51%
52-Week Range
CN¥8.21 - CN¥12.51
All Time High
CN¥27.30
Categories
Companies in China Utilities - Renewable
About

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