Guangdong Electric Power Development Co Ltd (000539) - Net Assets

Latest as of March 2026: CN¥43.23 Billion CNY ≈ $6.33 Billion USD

Based on the latest financial reports, Guangdong Electric Power Development Co Ltd (000539) has net assets worth CN¥43.23 Billion CNY (≈ $6.33 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥187.65 Billion ≈ $27.46 Billion USD) and total liabilities (CN¥144.43 Billion ≈ $21.13 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 how tangible is Guangdong Electric Power Development Co 's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥43.23 Billion
% of Total Assets	23.04%
Annual Growth Rate	N/A
5-Year Change	25.77%
10-Year Change	41.33%
Growth Volatility	13.14

Guangdong Electric Power Development Co Ltd - Net Assets Trend (1991–2025)

This chart illustrates how Guangdong Electric Power Development Co Ltd's net assets have evolved over time, based on quarterly financial data. See Guangdong Electric Power Development Co defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Guangdong Electric Power Development Co Ltd (1991–2025)

The table below shows the annual net assets of Guangdong Electric Power Development Co Ltd from 1991 to 2025. For live valuation and market cap data, see Guangdong Electric Power Development Co market capitalisation.

Year	Net Assets	Change
2025-12-31	CN¥41.46 Billion ≈ $6.07 Billion	+15.30%
2024-12-31	CN¥35.96 Billion ≈ $5.26 Billion	+6.05%
2023-12-31	CN¥33.91 Billion ≈ $4.96 Billion	+17.58%
2022-12-31	CN¥28.84 Billion ≈ $4.22 Billion	-12.52%
2021-12-31	CN¥32.97 Billion ≈ $4.82 Billion	-24.44%
2020-12-31	CN¥43.63 Billion ≈ $6.38 Billion	+27.61%
2019-12-31	CN¥34.19 Billion ≈ $5.00 Billion	+8.48%
2018-12-31	CN¥31.52 Billion ≈ $4.61 Billion	+6.11%
2017-12-31	CN¥29.70 Billion ≈ $4.35 Billion	+1.25%
2016-12-31	CN¥29.34 Billion ≈ $4.29 Billion	-2.93%
2015-12-31	CN¥30.22 Billion ≈ $4.42 Billion	+8.77%
2014-12-31	CN¥27.78 Billion ≈ $4.07 Billion	+8.56%
2013-12-31	CN¥25.59 Billion ≈ $3.75 Billion	+16.46%
2012-12-31	CN¥21.97 Billion ≈ $3.22 Billion	+16.53%
2011-12-31	CN¥18.86 Billion ≈ $2.76 Billion	+44.13%
2010-12-31	CN¥13.08 Billion ≈ $1.91 Billion	+8.54%
2009-12-31	CN¥12.05 Billion ≈ $1.76 Billion	+3.69%
2008-12-31	CN¥11.63 Billion ≈ $1.70 Billion	-3.24%
2007-12-31	CN¥12.02 Billion ≈ $1.76 Billion	+5.01%
2006-12-31	CN¥11.44 Billion ≈ $1.67 Billion	+9.33%
2005-12-31	CN¥10.47 Billion ≈ $1.53 Billion	+4.55%
2004-12-31	CN¥10.01 Billion ≈ $1.46 Billion	+3.81%
2003-12-31	CN¥9.64 Billion ≈ $1.41 Billion	+9.62%
2002-12-31	CN¥8.80 Billion ≈ $1.29 Billion	+3.64%
2001-12-31	CN¥8.49 Billion ≈ $1.24 Billion	+17.12%
2000-12-31	CN¥7.25 Billion ≈ $1.06 Billion	+13.11%
1999-12-31	CN¥6.41 Billion ≈ $937.49 Million	+10.68%
1998-12-31	CN¥5.79 Billion ≈ $847.06 Million	+7.53%
1997-12-31	CN¥5.38 Billion ≈ $787.77 Million	+9.04%
1996-12-31	CN¥4.94 Billion ≈ $722.47 Million	+22.95%
1995-12-31	CN¥4.02 Billion ≈ $587.62 Million	+46.30%
1994-12-31	CN¥2.74 Billion ≈ $401.64 Million	+11.81%
1993-12-31	CN¥2.45 Billion ≈ $359.20 Million	--
1992-12-31	CN¥0.00 ≈ $0.00	--
1991-12-31	CN¥0.00 ≈ $0.00	--

Equity Component Analysis

This analysis shows how different components contribute to Guangdong Electric Power 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 263792369200.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥2.64 Billion	11.25%
Other Components	CN¥20.81 Billion	88.75%
Total Equity	CN¥23.44 Billion	100.00%

Guangdong Electric Power Development Co Ltd Competitors by Market Cap

The table below lists competitors of Guangdong Electric Power Development Co Ltd ranked by their market capitalization.

Company	Market Cap
Ultrapar Participações S.A F:UGR	$5.02 Billion
CHINA TOWER UNSP.ADR/100 F:2Y10	$5.02 Billion
Trina Solar Co Ltd SHG:688599	$5.03 Billion
Co-Tech Development TWO:8358	$5.03 Billion
Coca-Cola Icecek AS IS:CCOLA	$5.02 Billion
Crispr Therapeutics AG NASDAQ:CRSP	$5.02 Billion
Hainan HNA Infrastructure Investment Group Co Ltd SHG:600515	$5.02 Billion
Corporacion Financiera Alba SA MC:ALB	$5.02 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Guangdong Electric Power Development Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 22,894,682,000 to 23,444,357,218, a change of 549,675,218 (2.4%).
Net income of 599,942,339 contributed positively to equity growth.
Dividend payments of 2,947,428,934 reduced retained earnings.
Other comprehensive income decreased equity by 10,750,299,000.
Other factors increased equity by 13,647,460,813.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥599.94 Million	+2.56%
Dividends Paid	CN¥2.95 Billion	-12.57%
Other Comprehensive Income	CN¥-10.75 Billion	-45.85%
Other Changes	CN¥13.65 Billion	+58.21%
Total Change	CN¥-	2.40%

Book Value vs Market Value Analysis

This analysis compares Guangdong Electric Power 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: 1.73x
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 194.44x to 1.73x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1991-12-31	CN¥0.04	CN¥7.71	x
1992-12-31	CN¥0.24	CN¥7.71	x
1993-12-31	CN¥0.78	CN¥7.71	x
1994-12-31	CN¥0.87	CN¥7.71	x
1995-12-31	CN¥0.91	CN¥7.71	x
1996-12-31	CN¥1.04	CN¥7.71	x
1997-12-31	CN¥1.13	CN¥7.71	x
1998-12-31	CN¥1.19	CN¥7.71	x
1999-12-31	CN¥1.33	CN¥7.71	x
2000-12-31	CN¥1.50	CN¥7.71	x
2001-12-31	CN¥1.91	CN¥7.71	x
2002-12-31	CN¥2.29	CN¥7.71	x
2003-12-31	CN¥2.48	CN¥7.71	x
2004-12-31	CN¥2.56	CN¥7.71	x
2005-12-31	CN¥2.65	CN¥7.71	x
2006-12-31	CN¥2.68	CN¥7.71	x
2007-12-31	CN¥2.89	CN¥7.71	x
2008-12-31	CN¥2.55	CN¥7.71	x
2009-12-31	CN¥2.92	CN¥7.71	x
2010-12-31	CN¥3.10	CN¥7.71	x
2011-12-31	CN¥2.86	CN¥7.71	x
2012-12-31	CN¥3.43	CN¥7.71	x
2013-12-31	CN¥3.65	CN¥7.71	x
2014-12-31	CN¥4.04	CN¥7.71	x
2015-12-31	CN¥4.55	CN¥7.71	x
2016-12-31	CN¥4.49	CN¥7.71	x
2017-12-31	CN¥4.46	CN¥7.71	x
2018-12-31	CN¥4.60	CN¥7.71	x
2019-12-31	CN¥4.99	CN¥7.71	x
2020-12-31	CN¥6.06	CN¥7.71	x
2021-12-31	CN¥4.45	CN¥7.71	x
2022-12-31	CN¥3.88	CN¥7.71	x
2023-12-31	CN¥4.22	CN¥7.71	x
2024-12-31	CN¥4.27	CN¥7.71	x
2025-12-31	CN¥4.47	CN¥7.71	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Guangdong Electric Power 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): 2.56%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.16%
• Asset Turnover: 0.28x
• Equity Multiplier: 7.94x
Recent ROE (2.56%) is below the historical average (13.78%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1991	161.69%	24.88%	1.01x	6.43x	CN¥190.23 Million
1992	18.82%	19.38%	0.54x	1.79x	CN¥68.02 Million
1993	14.80%	32.49%	0.45x	1.01x	CN¥117.90 Million
1994	13.49%	34.57%	0.38x	1.02x	CN¥95.81 Million
1995	12.88%	24.55%	0.33x	1.59x	CN¥82.86 Million
1996	17.04%	26.27%	0.37x	1.73x	CN¥230.47 Million
1997	16.81%	25.32%	0.35x	1.92x	CN¥243.79 Million
1998	18.82%	25.67%	0.35x	2.07x	CN¥330.99 Million
1999	19.86%	24.28%	0.40x	2.04x	CN¥414.29 Million
2000	20.49%	22.63%	0.38x	2.39x	CN¥496.73 Million
2001	17.48%	19.44%	0.45x	2.01x	CN¥452.50 Million
2002	16.43%	21.18%	0.48x	1.62x	CN¥465.75 Million
2003	15.57%	20.22%	0.48x	1.59x	CN¥435.89 Million
2004	11.70%	13.26%	0.53x	1.68x	CN¥137.93 Million
2005	9.27%	9.33%	0.49x	2.03x	CN¥-61.43 Million
2006	8.71%	8.53%	0.43x	2.39x	CN¥-110.71 Million
2007	7.21%	6.39%	0.43x	2.63x	CN¥-255.57 Million
2008	0.33%	0.25%	0.42x	3.14x	CN¥-856.90 Million
2009	12.57%	9.52%	0.41x	3.25x	CN¥238.17 Million
2010	7.53%	6.06%	0.36x	3.45x	CN¥-250.77 Million
2011	2.66%	2.45%	0.22x	4.84x	CN¥-982.63 Million
2012	10.45%	5.76%	0.45x	4.04x	CN¥73.20 Million
2013	16.20%	10.01%	0.45x	3.56x	CN¥1.18 Billion
2014	14.10%	10.34%	0.42x	3.24x	CN¥872.97 Million
2015	13.63%	12.59%	0.36x	3.03x	CN¥862.27 Million
2016	4.01%	4.13%	0.32x	3.02x	CN¥-1.40 Billion
2017	3.14%	2.79%	0.38x	3.00x	CN¥-1.63 Billion
2018	1.96%	1.73%	0.37x	3.03x	CN¥-1.95 Billion
2019	4.38%	3.91%	0.39x	2.88x	CN¥-1.47 Billion
2020	6.45%	6.11%	0.34x	3.13x	CN¥-1.13 Billion
2021	-12.52%	-6.59%	0.39x	4.90x	CN¥-5.27 Billion
2022	-14.65%	-5.66%	0.40x	6.47x	CN¥-5.02 Billion
2023	4.40%	1.63%	0.37x	7.28x	CN¥-1.24 Billion
2024	4.21%	1.69%	0.33x	7.65x	CN¥-1.33 Billion
2025	2.56%	1.16%	0.28x	7.94x	CN¥-1.74 Billion

Industry Comparison

This section compares Guangdong Electric Power 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: $674,232,028
Average return on equity (ROE) among peers: -0.29%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Guangdong Electric Power Development Co Ltd (000539)	CN¥43.23 Billion	161.69%	3.34x	$5.02 Billion
Tunghsu Azure Renewable Energy Co Ltd (000040)	$960.00 Million	1.62%	1.24x	$106.61 Million
Tianjin Guangyu Development Co Ltd (000537)	$557.59 Million	6.99%	3.02x	$2.64 Billion
CECEP Solar Energy Co Ltd (000591)	$560.51 Million	5.91%	4.66x	$2.93 Billion
GEPIC Energy Development Co Ltd (000791)	$340.13 Million	1.05%	0.28x	$4.40 Billion
Tieling Newcity Investment Holding Ltd (000809)	$167.07 Million	-37.50%	1.70x	$473.12 Million
Hubei Energy Group Co Ltd (000883)	$867.98 Million	2.26%	1.68x	$4.75 Billion
Fujian MinDong Electric Power Co Ltd (000993)	$1.70 Billion	3.61%	1.46x	$790.75 Million
Shenzhen Feima International Supply Chain Co Ltd (002210)	$374.26 Million	7.62%	2.68x	$977.45 Million
Shenzhen Sunrise New Energy Co Ltd (002256)	$536.57 Million	5.81%	0.21x	$1.23 Billion

About Guangdong Electric Power Development Co Ltd

SHE:000539 China Utilities - Renewable

Market Cap

$5.02 Billion

CN¥34.32 Billion CNY

Market Cap Rank

#3606 Global

#529 in China

Share Price

CN¥7.71

Change (1 day)

+2.39%

52-Week Range

CN¥4.42 - CN¥9.77

All Time High

CN¥9.77