Guangzhou Friendship Group Co Ltd (000987) - Net Assets

Latest as of March 2026: CN¥51.38 Billion CNY ≈ $7.52 Billion USD

Based on the latest financial reports, Guangzhou Friendship Group Co Ltd (000987) has net assets worth CN¥51.38 Billion CNY (≈ $7.52 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¥217.33 Billion ≈ $31.80 Billion USD) and total liabilities (CN¥165.95 Billion ≈ $24.28 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 net worth ratio of Guangzhou Friendship Group Co Ltd to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥51.38 Billion
% of Total Assets	23.64%
Annual Growth Rate	20.21%
5-Year Change	40.74%
10-Year Change	185.13%
Growth Volatility	126.05

Guangzhou Friendship Group Co Ltd - Net Assets Trend (1997–2025)

This chart illustrates how Guangzhou Friendship Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See Guangzhou Friendship Group Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Guangzhou Friendship Group Co Ltd (1997–2025)

The table below shows the annual net assets of Guangzhou Friendship Group Co Ltd from 1997 to 2025. For live valuation and market cap data, see Guangzhou Friendship Group Co Ltd (000987) market capitalisation.

Year	Net Assets	Change
2025-12-31	CN¥49.99 Billion ≈ $7.31 Billion	+8.89%
2024-12-31	CN¥45.91 Billion ≈ $6.72 Billion	+10.50%
2023-12-31	CN¥41.55 Billion ≈ $6.08 Billion	+6.13%
2022-12-31	CN¥39.14 Billion ≈ $5.73 Billion	+10.21%
2021-12-31	CN¥35.52 Billion ≈ $5.20 Billion	+13.39%
2020-12-31	CN¥31.33 Billion ≈ $4.58 Billion	+34.30%
2019-12-31	CN¥23.33 Billion ≈ $3.41 Billion	+21.92%
2018-12-31	CN¥19.13 Billion ≈ $2.80 Billion	+4.30%
2017-12-31	CN¥18.34 Billion ≈ $2.68 Billion	+4.62%
2016-12-31	CN¥17.53 Billion ≈ $2.57 Billion	+687.98%
2015-12-31	CN¥2.22 Billion ≈ $325.58 Million	+2.28%
2014-12-31	CN¥2.18 Billion ≈ $318.33 Million	+3.98%
2013-12-31	CN¥2.09 Billion ≈ $306.14 Million	+6.59%
2012-12-31	CN¥1.96 Billion ≈ $287.22 Million	+11.48%
2011-12-31	CN¥1.76 Billion ≈ $257.66 Million	+14.54%
2010-12-31	CN¥1.54 Billion ≈ $224.95 Million	+16.65%
2009-12-31	CN¥1.32 Billion ≈ $192.83 Million	+14.48%
2008-12-31	CN¥1.15 Billion ≈ $168.44 Million	+17.22%
2007-12-31	CN¥982.04 Million ≈ $143.70 Million	+14.78%
2006-12-31	CN¥855.56 Million ≈ $125.19 Million	+13.83%
2005-12-31	CN¥751.62 Million ≈ $109.99 Million	+9.76%
2004-12-31	CN¥684.77 Million ≈ $100.20 Million	+3.71%
2003-12-31	CN¥660.29 Million ≈ $96.62 Million	+3.10%
2002-12-31	CN¥640.46 Million ≈ $93.72 Million	+6.83%
2001-12-31	CN¥599.53 Million ≈ $87.73 Million	+2.62%
2000-12-31	CN¥584.24 Million ≈ $85.49 Million	+75.55%
1999-12-31	CN¥332.80 Million ≈ $48.70 Million	+5.42%
1998-12-31	CN¥315.68 Million ≈ $46.19 Million	+9.36%
1997-12-31	CN¥288.67 Million ≈ $42.24 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 33949.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥12.80 Billion	38.51%
Other Components	CN¥20.43 Billion	61.49%
Total Equity	CN¥33.23 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
Porsche Automobil Holding SE XETRA:PAH3	$5.49 Billion
Coca-Cola FEMSA S.A.B. de C.V MX:KOFUBL	$5.49 Billion
Blackstone Secured Lending Fund NYSE:BXSL	$5.49 Billion
TKMS AG & Co KGaA XETRA:TKMS	$5.50 Billion
Outfront Media Inc NYSE:OUT	$5.49 Billion
Hanjinkal KO:180640	$5.48 Billion
Almonty Industries Inc TO:AII	$5.47 Billion
Primoris Services Corporation NYSE:PRIM	$5.47 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 2024 to 2025, total equity changed from 31,170,446,000 to 33,229,960,064, a change of 2,059,514,064 (6.6%).
Net income of 3,519,372,047 contributed positively to equity growth.
Dividend payments of 4,234,375,049 reduced retained earnings.
Other comprehensive income decreased equity by 3,197,241,000.
Other factors increased equity by 5,971,758,066.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥3.52 Billion	+10.59%
Dividends Paid	CN¥4.23 Billion	-12.74%
Other Comprehensive Income	CN¥-3.20 Billion	-9.62%
Other Changes	CN¥5.97 Billion	+17.97%
Total Change	CN¥-	6.61%

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: 1.13x
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 18.79x to 1.13x 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¥7.48	x
1998-12-31	CN¥0.44	CN¥7.48	x
1999-12-31	CN¥0.46	CN¥7.48	x
2000-12-31	CN¥0.81	CN¥7.48	x
2001-12-31	CN¥0.83	CN¥7.48	x
2002-12-31	CN¥0.88	CN¥7.48	x
2003-12-31	CN¥0.91	CN¥7.48	x
2004-12-31	CN¥0.94	CN¥7.48	x
2005-12-31	CN¥1.03	CN¥7.48	x
2006-12-31	CN¥0.87	CN¥7.48	x
2007-12-31	CN¥1.00	CN¥7.48	x
2008-12-31	CN¥1.18	CN¥7.48	x
2009-12-31	CN¥1.33	CN¥7.48	x
2010-12-31	CN¥1.56	CN¥7.48	x
2011-12-31	CN¥1.79	CN¥7.48	x
2012-12-31	CN¥1.99	CN¥7.48	x
2013-12-31	CN¥2.13	CN¥7.48	x
2014-12-31	CN¥2.21	CN¥7.48	x
2015-12-31	CN¥2.26	CN¥7.48	x
2016-12-31	CN¥3.80	CN¥7.48	x
2017-12-31	CN¥3.18	CN¥7.48	x
2018-12-31	CN¥3.87	CN¥7.48	x
2019-12-31	CN¥3.40	CN¥7.48	x
2020-12-31	CN¥4.67	CN¥7.48	x
2021-12-31	CN¥5.01	CN¥7.48	x
2022-12-31	CN¥5.38	CN¥7.48	x
2023-12-31	CN¥5.71	CN¥7.48	x
2024-12-31	CN¥6.22	CN¥7.48	x
2025-12-31	CN¥6.62	CN¥7.48	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): 10.59%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 44.87%
• Asset Turnover: 0.04x
• Equity Multiplier: 6.42x
Recent ROE (10.59%) is below the historical average (12.12%), 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%	12.49%	0.07x	5.36x	CN¥-627.23 Million
2017	4.91%	9.67%	0.09x	5.95x	CN¥-655.43 Million
2018	2.76%	4.72%	0.10x	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
2025	10.59%	44.87%	0.04x	6.42x	CN¥196.38 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: $44,624,997,348
Average return on equity (ROE) among peers: 5.91%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Guangzhou Friendship Group Co Ltd (000987)	CN¥51.38 Billion	17.08%	3.23x	$5.49 Billion
CNPC Capital Co Ltd (000617)	$186.30 Billion	2.50%	4.82x	$13.26 Billion
Rendong Holdings Co Ltd (002647)	$396.56 Million	-13.21%	8.47x	$1.86 Billion
Guosheng Financial Holding Inc (002670)	$294.42 Million	14.68%	0.66x	$3.22 Billion
Guosen Securities Co Ltd (002736)	$18.80 Billion	9.83%	2.08x	$15.29 Billion
First Capital Securities Co Ltd Class A (002797)	$9.51 Billion	5.39%	2.74x	$3.88 Billion
Minmetals Capital Co Ltd (600390)	$658.97 Million	4.24%	1.21x	$3.04 Billion
Shanghai Chinafortune Co Ltd (600621)	$527.53 Million	16.68%	0.71x	$1.98 Billion
China Galaxy Securities Co Ltd Class A (601881)	$140.50 Billion	7.14%	4.25x	$12.81 Billion

About Guangzhou Friendship Group Co Ltd

SHE:000987 China Financial Conglomerates

Market Cap

$5.49 Billion

CN¥37.53 Billion CNY

Market Cap Rank

#3393 Global

#490 in China

Share Price

CN¥7.48

Change (1 day)

-2.98%

52-Week Range

CN¥6.44 - CN¥11.69

All Time High

CN¥30.58