Guangzhou Friendship Group Co Ltd

SHE:000987 China Financial Conglomerates
Market Cap
$6.05 Billion
CN¥44.40 Billion CNY
Market Cap Rank
#6057 Global
#875 in China
Share Price
CN¥8.85
Change (1 day)
-1.12%
52-Week Range
CN¥5.86 - CN¥11.69
All Time High
CN¥30.58
Categories
Companies in China Financial Conglomerates Banking & Financial
About

Guangzhou Yuexiu Capital Holdings Group Co., Ltd. engages in the investment and finance businesses in China. It provides financial leasing, including regional economy livelihood project, inclusive leasing, high-end equipment, and operating lease services; asset management services, such as acquisition and transfer of public non-performing assets, debt restructuring, bankruptcy reorganization, sub… Read more

Guangzhou Friendship Group Co Ltd (000987) - Net Assets

Latest net assets as of September 2025: CN¥46.91 Billion CNY

Based on the latest financial reports, Guangzhou Friendship Group Co Ltd (000987) has net assets worth CN¥46.91 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¥210.72 Billion) and total liabilities (CN¥163.81 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¥46.91 Billion
% of Total Assets 22.26%
Annual Growth Rate 20.65%
5-Year Change 46.55%
10-Year Change 1963.37%
Growth Volatility 128.25

Guangzhou Friendship Group Co Ltd - Net Assets Trend (1997–2024)

This chart illustrates how Guangzhou Friendship Group 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 Guangzhou Friendship Group Co Ltd (1997–2024)

The table below shows the annual net assets of Guangzhou Friendship Group Co Ltd from 1997 to 2024.

Year Net Assets Change
2024-12-31 CN¥45.91 Billion +10.50%
2023-12-31 CN¥41.55 Billion +6.13%
2022-12-31 CN¥39.14 Billion +10.21%
2021-12-31 CN¥35.52 Billion +13.39%
2020-12-31 CN¥31.33 Billion +34.30%
2019-12-31 CN¥23.33 Billion +21.92%
2018-12-31 CN¥19.13 Billion +4.30%
2017-12-31 CN¥18.34 Billion +4.62%
2016-12-31 CN¥17.53 Billion +687.98%
2015-12-31 CN¥2.22 Billion +2.28%
2014-12-31 CN¥2.18 Billion +3.98%
2013-12-31 CN¥2.09 Billion +6.59%
2012-12-31 CN¥1.96 Billion +11.48%
2011-12-31 CN¥1.76 Billion +14.54%
2010-12-31 CN¥1.54 Billion +16.65%
2009-12-31 CN¥1.32 Billion +14.48%
2008-12-31 CN¥1.15 Billion +17.22%
2007-12-31 CN¥982.04 Million +14.78%
2006-12-31 CN¥855.56 Million +13.83%
2005-12-31 CN¥751.62 Million +9.76%
2004-12-31 CN¥684.77 Million +3.71%
2003-12-31 CN¥660.29 Million +3.10%
2002-12-31 CN¥640.46 Million +6.83%
2001-12-31 CN¥599.53 Million +2.62%
2000-12-31 CN¥584.24 Million +75.55%
1999-12-31 CN¥332.80 Million +5.42%
1998-12-31 CN¥315.68 Million +9.36%
1997-12-31 CN¥288.67 Million --

Equity Component Analysis

This analysis shows how different components contribute to Guangzhou Friendship Group 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 28737.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥10.84 Billion 34.77%
Common Stock CN¥5.02 Billion 16.10%
Other Comprehensive Income CN¥3.20 Billion 10.26%
Other Components CN¥12.12 Billion 38.87%
Total Equity CN¥31.17 Billion 100.00%

Guangzhou Friendship Group Co Ltd Competitors by Market Cap

The table below lists competitors of Guangzhou Friendship Group Co Ltd ranked by their market capitalization.

Company Market Cap
Zhejiang Huatie Constr Safety
SHG:603300
 		$1.40 Billion
Intercorp Financial Services Inc
NYSE:IFS
 		$1.40 Billion
Fibra Mty S.A.P.I. de C.V.
MX:FMTY14
 		$1.40 Billion
Huaxi Securities Co Ltd Class A
SHE:002926
 		$1.41 Billion
NEXTNAV INC. DL-0001
F:KK0
 		$1.40 Billion
Jiujiang Defu Technology Co Ltd Ordinary Shares - Class A
SHE:301511
 		$1.40 Billion
Inmobiliaria Colonial SA
MC:COL
 		$1.40 Billion
SCHNEIDER NATL.INC. CL.B
F:SNIA
 		$1.40 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Guangzhou Friendship Group Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 28,629,405,022 to 31,170,446,000, a change of 2,541,040,978 (8.9%).
  • Net income of 2,293,993,497 contributed positively to equity growth.
  • Dividend payments of 3,921,315,000 reduced retained earnings.
  • Share repurchases of 100,199,000 reduced equity.
  • Other comprehensive income increased equity by 1,395,892,878.
  • Other factors increased equity by 2,872,668,603.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥2.29 Billion +7.36%
Dividends Paid CN¥3.92 Billion -12.58%
Share Repurchases CN¥100.20 Million -0.32%
Other Comprehensive Income CN¥1.40 Billion +4.48%
Other Changes CN¥2.87 Billion +9.22%
Total Change CN¥- 8.88%

Book Value vs Market Value Analysis

This analysis compares Guangzhou Friendship Group 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: 1.42x
  • 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 22.23x to 1.42x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1997-12-31 CN¥0.40 CN¥8.85 x
1998-12-31 CN¥0.44 CN¥8.85 x
1999-12-31 CN¥0.46 CN¥8.85 x
2000-12-31 CN¥0.81 CN¥8.85 x
2001-12-31 CN¥0.83 CN¥8.85 x
2002-12-31 CN¥0.88 CN¥8.85 x
2003-12-31 CN¥0.91 CN¥8.85 x
2004-12-31 CN¥0.94 CN¥8.85 x
2005-12-31 CN¥1.03 CN¥8.85 x
2006-12-31 CN¥0.87 CN¥8.85 x
2007-12-31 CN¥1.00 CN¥8.85 x
2008-12-31 CN¥1.18 CN¥8.85 x
2009-12-31 CN¥1.33 CN¥8.85 x
2010-12-31 CN¥1.56 CN¥8.85 x
2011-12-31 CN¥1.79 CN¥8.85 x
2012-12-31 CN¥1.99 CN¥8.85 x
2013-12-31 CN¥2.13 CN¥8.85 x
2014-12-31 CN¥2.21 CN¥8.85 x
2015-12-31 CN¥2.26 CN¥8.85 x
2016-12-31 CN¥3.80 CN¥8.85 x
2017-12-31 CN¥3.18 CN¥8.85 x
2018-12-31 CN¥3.87 CN¥8.85 x
2019-12-31 CN¥3.40 CN¥8.85 x
2020-12-31 CN¥4.67 CN¥8.85 x
2021-12-31 CN¥5.01 CN¥8.85 x
2022-12-31 CN¥5.38 CN¥8.85 x
2023-12-31 CN¥5.71 CN¥8.85 x
2024-12-31 CN¥6.22 CN¥8.85 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Guangzhou Friendship Group 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): 7.36%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 17.33%
  • • Asset Turnover: 0.06x
  • • Equity Multiplier: 7.05x
  • Recent ROE (7.36%) is below the historical average (12.17%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1997 17.08% 5.37% 1.37x 2.31x CN¥20.43 Million
1998 14.20% 5.46% 1.28x 2.04x CN¥13.26 Million
1999 10.53% 4.51% 1.07x 2.18x CN¥1.77 Million
2000 6.49% 4.01% 1.20x 1.35x CN¥-20.52 Million
2001 6.41% 3.92% 1.30x 1.26x CN¥-21.51 Million
2002 6.31% 4.46% 1.12x 1.27x CN¥-23.62 Million
2003 6.40% 4.19% 1.01x 1.51x CN¥-23.65 Million
2004 7.65% 4.45% 1.13x 1.52x CN¥-16.08 Million
2005 12.72% 6.19% 1.29x 1.59x CN¥20.41 Million
2006 16.54% 7.47% 1.31x 1.70x CN¥55.88 Million
2007 19.48% 8.34% 1.33x 1.75x CN¥92.94 Million
2008 22.37% 9.82% 1.33x 1.72x CN¥142.22 Million
2009 21.67% 9.64% 1.31x 1.71x CN¥153.55 Million
2010 21.31% 9.12% 1.23x 1.89x CN¥173.64 Million
2011 20.87% 8.23% 1.31x 1.93x CN¥191.20 Million
2012 19.46% 8.56% 1.25x 1.82x CN¥185.51 Million
2013 14.78% 7.55% 1.13x 1.73x CN¥99.84 Million
2014 12.08% 7.81% 0.98x 1.58x CN¥45.31 Million
2015 10.30% 8.17% 0.85x 1.49x CN¥6.73 Million
2016 4.97% 8.91% 0.10x 5.36x CN¥-627.23 Million
2017 4.91% 12.01% 0.07x 5.95x CN¥-655.43 Million
2018 2.76% 6.87% 0.07x 5.90x CN¥-1.18 Billion
2019 6.92% 11.87% 0.09x 6.72x CN¥-524.59 Million
2020 19.68% 47.64% 0.08x 5.29x CN¥2.27 Billion
2021 9.86% 18.63% 0.09x 6.10x CN¥-34.35 Million
2022 9.31% 17.73% 0.08x 6.42x CN¥-187.46 Million
2023 8.40% 16.25% 0.08x 6.54x CN¥-459.30 Million
2024 7.36% 17.33% 0.06x 7.05x CN¥-823.05 Million

Industry Comparison

This section compares Guangzhou Friendship Group Co Ltd's net assets metrics with peer companies in the Financial Conglomerates industry.

Industry Context

  • Industry: Financial Conglomerates
  • Average net assets among peers: $12,460,723,127
  • Average return on equity (ROE) among peers: 8.57%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Guangzhou Friendship Group Co Ltd (000987) CN¥46.91 Billion 17.08% 3.49x $1.40 Billion
CNPC Capital Co Ltd (000617) $835.83 Million 6.31% 1.65x $3.22 Billion
Rendong Holdings Co Ltd (002647) $-649.07 Million 0.00% 0.00x $1.34 Billion
Guosheng Financial Holding Inc (002670) $11.13 Billion 1.50% 3.10x $1.14 Billion
First Capital Securities Co Ltd Class A (002797) $6.57 Billion 15.53% 4.06x $3.31 Billion
Minmetals Capital Co Ltd (600390) $57.11 Billion 5.96% 1.57x $1.49 Billion
Shanghai Chinafortune Co Ltd (600621) $871.69 Million -14.47% 0.62x $969.43 Million
China Galaxy Securities Co Ltd Class A (601881) $11.35 Billion 45.14% 7.32x $10.64 Billion