Guangdong Golden Dragon Development Inc (000712) - Net Assets

Latest as of March 2026: CN¥4.71 Billion CNY ≈ $688.69 Million USD

Based on the latest financial reports, Guangdong Golden Dragon Development Inc (000712) has net assets worth CN¥4.71 Billion CNY (≈ $688.69 Million 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¥23.40 Billion ≈ $3.42 Billion USD) and total liabilities (CN¥18.69 Billion ≈ $2.74 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 tangible equity quality of Guangdong Golden Dragon Development Inc to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥4.71 Billion
% of Total Assets	20.11%
Annual Growth Rate	13.91%
5-Year Change	-10.16%
10-Year Change	-12.18%
Growth Volatility	33.56

Guangdong Golden Dragon Development Inc - Net Assets Trend (1993–2025)

This chart illustrates how Guangdong Golden Dragon Development Inc's net assets have evolved over time, based on quarterly financial data. See 000712 days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Guangdong Golden Dragon Development Inc (1993–2025)

The table below shows the annual net assets of Guangdong Golden Dragon Development Inc from 1993 to 2025. For live valuation and market cap data, see Guangdong Golden Dragon Development Inc market capitalisation.

Year	Net Assets	Change
2025-12-31	CN¥4.71 Billion ≈ $689.77 Million	+5.29%
2024-12-31	CN¥4.48 Billion ≈ $655.13 Million	-1.42%
2023-12-31	CN¥4.54 Billion ≈ $664.58 Million	-9.89%
2022-12-31	CN¥5.04 Billion ≈ $737.55 Million	-3.94%
2021-12-31	CN¥5.25 Billion ≈ $767.80 Million	-2.21%
2020-12-31	CN¥5.37 Billion ≈ $785.18 Million	+2.49%
2019-12-31	CN¥5.24 Billion ≈ $766.09 Million	+1.22%
2018-12-31	CN¥5.17 Billion ≈ $756.82 Million	-6.44%
2017-12-31	CN¥5.53 Billion ≈ $808.89 Million	+2.99%
2016-12-31	CN¥5.37 Billion ≈ $785.41 Million	+7.24%
2015-12-31	CN¥5.01 Billion ≈ $732.41 Million	+25.63%
2014-12-31	CN¥3.98 Billion ≈ $582.97 Million	+7.23%
2013-12-31	CN¥3.72 Billion ≈ $543.64 Million	+65.34%
2012-12-31	CN¥2.25 Billion ≈ $328.81 Million	+151.71%
2011-12-31	CN¥892.70 Million ≈ $130.63 Million	+1.49%
2010-12-31	CN¥879.63 Million ≈ $128.72 Million	+21.52%
2009-12-31	CN¥723.84 Million ≈ $105.92 Million	+23.91%
2008-12-31	CN¥584.15 Million ≈ $85.48 Million	-15.44%
2007-12-31	CN¥690.77 Million ≈ $101.08 Million	+52.61%
2006-12-31	CN¥452.63 Million ≈ $66.23 Million	-11.92%
2005-12-31	CN¥513.86 Million ≈ $75.19 Million	+0.93%
2004-12-31	CN¥509.11 Million ≈ $74.50 Million	-0.01%
2003-12-31	CN¥509.15 Million ≈ $74.51 Million	+9.80%
2002-12-31	CN¥463.73 Million ≈ $67.86 Million	+3.37%
2001-12-31	CN¥448.61 Million ≈ $65.65 Million	+3.60%
2000-12-31	CN¥433.04 Million ≈ $63.37 Million	+20.38%
1999-12-31	CN¥359.74 Million ≈ $52.64 Million	+6.55%
1998-12-31	CN¥337.64 Million ≈ $49.41 Million	+9.77%
1997-12-31	CN¥307.58 Million ≈ $45.01 Million	+94.11%
1996-12-31	CN¥158.46 Million ≈ $23.19 Million	+48.72%
1995-12-31	CN¥106.55 Million ≈ $15.59 Million	+6.02%
1994-12-31	CN¥100.50 Million ≈ $14.71 Million	+37.51%
1993-12-31	CN¥73.08 Million ≈ $10.69 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Guangdong Golden Dragon Development Inc'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 53719547502.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥537.20 Million	20.03%
Other Components	CN¥2.15 Billion	79.97%
Total Equity	CN¥2.68 Billion	100.00%

Guangdong Golden Dragon Development Inc Competitors by Market Cap

The table below lists competitors of Guangdong Golden Dragon Development Inc ranked by their market capitalization.

Company	Market Cap
Under Armour Inc C NYSE:UA	$1.19 Billion
Elemental Royalties Corp V:ELE	$1.19 Billion
Snowsky Salt Industry Group Co Ltd SHG:600929	$1.19 Billion
Nationwide Building Society LSE:NBS	$1.19 Billion
Shanghai Emperor of Cleaning Hi-Tech Co Ltd SHG:603200	$1.19 Billion
Catalyst Metals Ltd AU:CYL	$1.19 Billion
Newag S.A. WAR:NWG	$1.19 Billion
Shenzhen Das Intellitech Co Ltd SHE:002421	$1.19 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Guangdong Golden Dragon Development Inc's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 2,400,018,193 to 2,682,597,505, a change of 282,579,312 (11.8%).
Net income of 283,488,041 contributed positively to equity growth.
Dividend payments of 551,503,355 reduced retained earnings.
Other factors increased equity by 550,594,625.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥283.49 Million	+10.57%
Dividends Paid	CN¥551.50 Million	-20.56%
Other Changes	CN¥550.59 Million	+20.52%
Total Change	CN¥-	11.77%

Book Value vs Market Value Analysis

This analysis compares Guangdong Golden Dragon Development Inc'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: 3.03x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 75.60x to 3.03x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1993-12-31	CN¥0.12	CN¥9.07	x
1994-12-31	CN¥0.16	CN¥9.07	x
1995-12-31	CN¥0.17	CN¥9.07	x
1996-12-31	CN¥0.26	CN¥9.07	x
1997-12-31	CN¥0.50	CN¥9.07	x
1998-12-31	CN¥0.55	CN¥9.07	x
1999-12-31	CN¥0.59	CN¥9.07	x
2000-12-31	CN¥0.68	CN¥9.07	x
2001-12-31	CN¥0.70	CN¥9.07	x
2002-12-31	CN¥0.72	CN¥9.07	x
2003-12-31	CN¥0.72	CN¥9.07	x
2004-12-31	CN¥0.72	CN¥9.07	x
2005-12-31	CN¥0.71	CN¥9.07	x
2006-12-31	CN¥0.68	CN¥9.07	x
2007-12-31	CN¥0.82	CN¥9.07	x
2008-12-31	CN¥0.85	CN¥9.07	x
2009-12-31	CN¥1.16	CN¥9.07	x
2010-12-31	CN¥1.41	CN¥9.07	x
2011-12-31	CN¥1.39	CN¥9.07	x
2012-12-31	CN¥3.15	CN¥9.07	x
2013-12-31	CN¥2.49	CN¥9.07	x
2014-12-31	CN¥2.84	CN¥9.07	x
2015-12-31	CN¥3.78	CN¥9.07	x
2016-12-31	CN¥4.10	CN¥9.07	x
2017-12-31	CN¥4.21	CN¥9.07	x
2018-12-31	CN¥3.69	CN¥9.07	x
2019-12-31	CN¥3.79	CN¥9.07	x
2020-12-31	CN¥3.79	CN¥9.07	x
2021-12-31	CN¥3.67	CN¥9.07	x
2022-12-31	CN¥3.18	CN¥9.07	x
2023-12-31	CN¥2.76	CN¥9.07	x
2024-12-31	CN¥2.68	CN¥9.07	x
2025-12-31	CN¥2.99	CN¥9.07	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Guangdong Golden Dragon Development Inc 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): 10.57%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 80.02%
• Asset Turnover: 0.02x
• Equity Multiplier: 8.61x
Recent ROE (10.57%) is above the historical average (6.89%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1993	14.30%	11.84%	0.66x	1.84x	CN¥3.14 Million
1994	14.69%	16.05%	0.52x	1.77x	CN¥4.71 Million
1995	18.63%	17.94%	0.52x	2.01x	CN¥8.92 Million
1996	15.60%	20.54%	0.35x	2.17x	CN¥8.73 Million
1997	10.72%	21.32%	0.34x	1.49x	CN¥2.20 Million
1998	10.15%	24.31%	0.28x	1.47x	CN¥515.78K
1999	6.44%	14.22%	0.30x	1.50x	CN¥-12.73 Million
2000	13.66%	34.69%	0.25x	1.57x	CN¥15.15 Million
2001	5.52%	10.25%	0.32x	1.68x	CN¥-19.15 Million
2002	2.81%	5.52%	0.17x	2.91x	CN¥-31.61 Million
2003	1.86%	2.49%	0.21x	3.62x	CN¥-35.74 Million
2004	1.50%	1.53%	0.26x	3.83x	CN¥-37.26 Million
2005	0.59%	0.61%	0.24x	3.98x	CN¥-40.77 Million
2006	7.44%	12.24%	0.19x	3.23x	CN¥-10.61 Million
2007	17.17%	33.50%	0.20x	2.55x	CN¥35.79 Million
2008	4.13%	24.62%	0.08x	2.18x	CN¥-30.31 Million
2009	28.52%	123.46%	0.14x	1.71x	CN¥129.88 Million
2010	18.07%	175.23%	0.07x	1.49x	CN¥69.08 Million
2011	2.52%	22.84%	0.07x	1.55x	CN¥-64.96 Million
2012	1.06%	24.89%	0.03x	1.22x	CN¥-198.48 Million
2013	2.41%	15.56%	0.03x	4.69x	CN¥-168.26 Million
2014	15.12%	36.13%	0.07x	5.94x	CN¥130.89 Million
2015	27.01%	31.15%	0.15x	5.87x	CN¥575.08 Million
2016	9.99%	23.37%	0.06x	7.15x	CN¥-262.06K
2017	5.23%	22.26%	0.03x	8.97x	CN¥-177.31 Million
2018	-5.42%	-8.90%	0.07x	8.93x	CN¥-515.18 Million
2019	2.11%	3.18%	0.08x	8.17x	CN¥-263.65 Million
2020	1.94%	3.23%	0.09x	7.00x	CN¥-273.83 Million
2021	-3.99%	-10.80%	0.06x	6.34x	CN¥-460.52 Million
2022	-13.76%	-65.53%	0.03x	7.92x	CN¥-677.05 Million
2023	-15.55%	-62.78%	0.03x	8.06x	CN¥-631.05 Million
2024	-3.72%	-9.19%	0.04x	9.86x	CN¥-329.23 Million
2025	10.57%	80.02%	0.02x	8.61x	CN¥15.23 Million

Industry Comparison

This section compares Guangdong Golden Dragon Development Inc's net assets metrics with peer companies in the Capital Markets industry.

Industry Context

Industry: Capital Markets
Average net assets among peers: $15,391,930,237
Average return on equity (ROE) among peers: 11.25%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Guangdong Golden Dragon Development Inc (000712)	CN¥4.71 Billion	14.30%	3.97x	$1.19 Billion
Shenwan Hongyuan Group Co Ltd (000166)	$71.20 Billion	5.84%	3.88x	$14.54 Billion
Northeast Securities Co Ltd (000686)	$595.35 Million	14.32%	8.78x	$2.67 Billion
Guoyuan Securities Co Ltd (000728)	$24.84 Billion	3.68%	2.35x	$4.49 Billion
Sealand Securities Co Ltd (000750)	$2.93 Billion	2.58%	2.81x	$3.36 Billion
GF Securities Co Ltd (000776)	$54.75 Million	20.33%	0.71x	$17.83 Billion
Changjiang Securities Co Ltd (000783)	$1.91 Billion	17.08%	0.30x	$6.33 Billion
Shanxi Securities Co Ltd (002500)	$6.38 Billion	2.22%	1.01x	$2.67 Billion
Western Securities Co Ltd (002673)	$27.21 Billion	5.18%	2.13x	$4.21 Billion
Huaxi Securities Co Ltd Class A (002926)	$3.42 Billion	30.03%	4.88x	$3.05 Billion

About Guangdong Golden Dragon Development Inc

SHE:000712 China Capital Markets

Market Cap

$1.19 Billion

CN¥8.13 Billion CNY

Market Cap Rank

#8310 Global

#2024 in China

Share Price

CN¥9.07

Change (1 day)

-2.99%

52-Week Range

CN¥8.44 - CN¥15.54

All Time High

CN¥31.58