Gree Electric Appliances Inc of Zhuhai
Gree Electric Appliances, Inc. of Zhuhai engages in the production and sale of air-conditioners, home appliances, and accessories in China. It offers residential air conditioners (Acs) and home appliances, such as air purifier, air cooler, electric heater, fan, kitchen appliances, personal care appliances, refrigerator, and washing machine. The company also provides industrial products, such as s… Read more
Gree Electric Appliances Inc of Zhuhai (000651) - Net Assets
Latest net assets as of September 2025: CN¥148.51 Billion CNY
Based on the latest financial reports, Gree Electric Appliances Inc of Zhuhai (000651) has net assets worth CN¥148.51 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¥399.22 Billion) and total liabilities (CN¥250.71 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¥148.51 Billion |
| % of Total Assets | 37.2% |
| Annual Growth Rate | 23.83% |
| 5-Year Change | 21.08% |
| 10-Year Change | 191.38% |
| Growth Volatility | 22.36 |
Gree Electric Appliances Inc of Zhuhai - Net Assets Trend (1993–2024)
This chart illustrates how Gree Electric Appliances Inc of Zhuhai's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Gree Electric Appliances Inc of Zhuhai (1993–2024)
The table below shows the annual net assets of Gree Electric Appliances Inc of Zhuhai from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥141.51 Billion | +17.30% |
| 2023-12-31 | CN¥120.65 Billion | +18.42% |
| 2022-12-31 | CN¥101.88 Billion | -5.61% |
| 2021-12-31 | CN¥107.93 Billion | -7.66% |
| 2020-12-31 | CN¥116.88 Billion | +4.31% |
| 2019-12-31 | CN¥112.05 Billion | +20.85% |
| 2018-12-31 | CN¥92.71 Billion | +38.72% |
| 2017-12-31 | CN¥66.83 Billion | +21.69% |
| 2016-12-31 | CN¥54.92 Billion | +13.09% |
| 2015-12-31 | CN¥48.57 Billion | +7.61% |
| 2014-12-31 | CN¥45.13 Billion | +27.25% |
| 2013-12-31 | CN¥35.47 Billion | +28.59% |
| 2012-12-31 | CN¥27.58 Billion | +50.08% |
| 2011-12-31 | CN¥18.38 Billion | +31.16% |
| 2010-12-31 | CN¥14.01 Billion | +31.53% |
| 2009-12-31 | CN¥10.65 Billion | +37.86% |
| 2008-12-31 | CN¥7.73 Billion | +31.86% |
| 2007-12-31 | CN¥5.86 Billion | +86.30% |
| 2006-12-31 | CN¥3.15 Billion | +11.95% |
| 2005-12-31 | CN¥2.81 Billion | +11.68% |
| 2004-12-31 | CN¥2.52 Billion | +14.68% |
| 2003-12-31 | CN¥2.19 Billion | +17.80% |
| 2002-12-31 | CN¥1.86 Billion | +6.05% |
| 2001-12-31 | CN¥1.76 Billion | +6.45% |
| 2000-12-31 | CN¥1.65 Billion | +51.86% |
| 1999-12-31 | CN¥1.09 Billion | +8.75% |
| 1998-12-31 | CN¥998.96 Million | +56.52% |
| 1997-12-31 | CN¥638.23 Million | +14.78% |
| 1996-12-31 | CN¥556.03 Million | +88.68% |
| 1995-12-31 | CN¥294.69 Million | +37.37% |
| 1994-12-31 | CN¥214.52 Million | +14.28% |
| 1993-12-31 | CN¥187.72 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gree Electric Appliances Inc of Zhuhai'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 7338108.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥131.45 Billion | 95.66% |
| Common Stock | CN¥5.60 Billion | 4.08% |
| Other Comprehensive Income | CN¥2.62 Billion | 1.91% |
| Total Equity | CN¥137.42 Billion | 100.00% |
Gree Electric Appliances Inc of Zhuhai Competitors by Market Cap
The table below lists competitors of Gree Electric Appliances Inc of Zhuhai ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Henkel AG & Co. KGaA
PINK:HENOF
|
$20.25 Billion |
|
Broadridge Financial Solutions Inc
NYSE:BR
|
$20.28 Billion |
|
VeriSign Inc
NASDAQ:VRSN
|
$20.30 Billion |
|
Brown & Brown Inc
NYSE:BRO
|
$20.31 Billion |
|
First Solar Inc
NASDAQ:FSLR
|
$20.23 Billion |
|
Weichai Power Co. Ltd
F:WI4
|
$20.22 Billion |
|
IVBIY
PINK:IVBIY
|
$20.20 Billion |
|
Cathay Financial Holding Co Ltd
TW:2882
|
$20.17 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gree Electric Appliances Inc of Zhuhai's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 116,793,716,103 to 137,416,899,000, a change of 20,623,182,897 (17.7%).
- Net income of 32,184,570,000 contributed positively to equity growth.
- Dividend payments of 15,097,675,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,270,482,472.
- Other factors increased equity by 4,806,770,369.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥32.18 Billion | +23.42% |
| Dividends Paid | CN¥15.10 Billion | -10.99% |
| Other Comprehensive Income | CN¥-1.27 Billion | -0.92% |
| Other Changes | CN¥4.81 Billion | +3.5% |
| Total Change | CN¥- | 17.66% |
Book Value vs Market Value Analysis
This analysis compares Gree Electric Appliances Inc of Zhuhai'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: 1.56x
- 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 718.16x to 1.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | CN¥0.05 | CN¥38.78 | x |
| 1996-12-31 | CN¥0.10 | CN¥38.78 | x |
| 1997-12-31 | CN¥0.11 | CN¥38.78 | x |
| 1998-12-31 | CN¥0.18 | CN¥38.78 | x |
| 1999-12-31 | CN¥0.19 | CN¥38.78 | x |
| 2000-12-31 | CN¥0.30 | CN¥38.78 | x |
| 2001-12-31 | CN¥0.32 | CN¥38.78 | x |
| 2002-12-31 | CN¥0.34 | CN¥38.78 | x |
| 2003-12-31 | CN¥0.40 | CN¥38.78 | x |
| 2004-12-31 | CN¥0.45 | CN¥38.78 | x |
| 2005-12-31 | CN¥0.50 | CN¥38.78 | x |
| 2006-12-31 | CN¥0.57 | CN¥38.78 | x |
| 2007-12-31 | CN¥1.03 | CN¥38.78 | x |
| 2008-12-31 | CN¥1.32 | CN¥38.78 | x |
| 2009-12-31 | CN¥1.75 | CN¥38.78 | x |
| 2010-12-31 | CN¥2.35 | CN¥38.78 | x |
| 2011-12-31 | CN¥3.13 | CN¥38.78 | x |
| 2012-12-31 | CN¥4.48 | CN¥38.78 | x |
| 2013-12-31 | CN¥5.74 | CN¥38.78 | x |
| 2014-12-31 | CN¥7.33 | CN¥38.78 | x |
| 2015-12-31 | CN¥7.89 | CN¥38.78 | x |
| 2016-12-31 | CN¥8.95 | CN¥38.78 | x |
| 2017-12-31 | CN¥10.89 | CN¥38.78 | x |
| 2018-12-31 | CN¥15.20 | CN¥38.78 | x |
| 2019-12-31 | CN¥18.31 | CN¥38.78 | x |
| 2020-12-31 | CN¥19.25 | CN¥38.78 | x |
| 2021-12-31 | CN¥18.14 | CN¥38.78 | x |
| 2022-12-31 | CN¥17.62 | CN¥38.78 | x |
| 2023-12-31 | CN¥21.01 | CN¥38.78 | x |
| 2024-12-31 | CN¥24.89 | CN¥38.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gree Electric Appliances Inc of Zhuhai 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): 23.42%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.01%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 2.68x
- Recent ROE (23.42%) is below the historical average (25.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 52.66% | 6.05% | 2.33x | 3.73x | CN¥125.70 Million |
| 1996 | 33.51% | 6.56% | 1.54x | 3.31x | CN¥130.73 Million |
| 1997 | 33.55% | 5.86% | 1.74x | 3.28x | CN¥142.01 Million |
| 1998 | 22.43% | 5.94% | 1.24x | 3.05x | CN¥119.19 Million |
| 1999 | 21.68% | 5.30% | 1.26x | 3.24x | CN¥123.44 Million |
| 2000 | 15.42% | 4.04% | 1.07x | 3.57x | CN¥87.77 Million |
| 2001 | 15.15% | 3.97% | 0.95x | 4.01x | CN¥88.82 Million |
| 2002 | 16.17% | 4.22% | 0.98x | 3.89x | CN¥113.28 Million |
| 2003 | 15.78% | 3.41% | 1.21x | 3.82x | CN¥125.59 Million |
| 2004 | 17.24% | 3.04% | 1.08x | 5.23x | CN¥176.65 Million |
| 2005 | 17.75% | 2.65% | 1.44x | 4.66x | CN¥211.01 Million |
| 2006 | 22.22% | 2.62% | 1.65x | 5.14x | CN¥380.44 Million |
| 2007 | 22.56% | 3.34% | 1.49x | 4.54x | CN¥707.00 Million |
| 2008 | 26.30% | 4.66% | 1.37x | 4.12x | CN¥1.22 Billion |
| 2009 | 29.22% | 6.83% | 0.83x | 5.17x | CN¥1.92 Billion |
| 2010 | 32.14% | 7.03% | 0.93x | 4.93x | CN¥2.95 Billion |
| 2011 | 29.74% | 6.27% | 0.98x | 4.84x | CN¥3.48 Billion |
| 2012 | 27.59% | 7.43% | 0.92x | 4.02x | CN¥4.71 Billion |
| 2013 | 31.43% | 9.16% | 0.89x | 3.87x | CN¥7.41 Billion |
| 2014 | 32.06% | 10.28% | 0.88x | 3.54x | CN¥9.74 Billion |
| 2015 | 26.37% | 12.82% | 0.60x | 3.40x | CN¥7.78 Billion |
| 2016 | 28.71% | 14.28% | 0.59x | 3.39x | CN¥10.08 Billion |
| 2017 | 34.15% | 15.11% | 0.69x | 3.28x | CN¥15.84 Billion |
| 2018 | 28.69% | 13.23% | 0.79x | 2.75x | CN¥17.07 Billion |
| 2019 | 22.42% | 12.46% | 0.70x | 2.57x | CN¥13.68 Billion |
| 2020 | 19.25% | 13.18% | 0.60x | 2.42x | CN¥10.66 Billion |
| 2021 | 22.25% | 12.28% | 0.59x | 3.08x | CN¥12.70 Billion |
| 2022 | 25.33% | 12.97% | 0.53x | 3.67x | CN¥14.83 Billion |
| 2023 | 24.84% | 14.23% | 0.55x | 3.15x | CN¥17.34 Billion |
| 2024 | 23.42% | 17.01% | 0.51x | 2.68x | CN¥18.44 Billion |
Industry Comparison
This section compares Gree Electric Appliances Inc of Zhuhai's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $12,176,174,958
- Average return on equity (ROE) among peers: 11.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gree Electric Appliances Inc of Zhuhai (000651) | CN¥148.51 Billion | 52.66% | 1.69x | $20.24 Billion |
| Midea Group Co Ltd (000333) | $92.45 Billion | 21.88% | 1.85x | $52.29 Billion |
| Changhong Meiling Co Ltd (000521) | $5.11 Billion | 0.85% | 1.78x | $622.85 Million |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $4.47 Billion | 12.97% | 2.19x | $1.73 Billion |
| Suncha Technology Co Ltd (001211) | $874.84 Million | -1.36% | 0.86x | $144.07 Million |
| Beijing Liven Technology Co. Ltd. (001259) | $113.33 Million | 5.45% | 1.68x | $105.98 Million |
| De Rucci Healthy Sleep Co. Ltd. (001323) | $4.64 Billion | 17.29% | 0.54x | $247.78 Million |
| Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) | $573.09 Million | 22.92% | 0.44x | $110.80 Million |
| Hefei Snowky Elec Co Ltd (001387) | $603.81 Million | 16.63% | 1.58x | $140.72 Million |
| Elec-Tech International Co Ltd (002005) | $740.90 Million | 6.21% | 1.06x | $409.52 Million |