Guizhou Space Appliance Co Ltd (002025) - Net Assets

Latest as of September 2025: CN¥7.52 Billion CNY ≈ $1.10 Billion USD

Based on the latest financial reports, Guizhou Space Appliance Co Ltd (002025) has net assets worth CN¥7.52 Billion CNY (≈ $1.10 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥12.10 Billion ≈ $1.77 Billion USD) and total liabilities (CN¥4.58 Billion ≈ $670.84 Million 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 Guizhou Space Appliance Co Ltd (002025) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥7.52 Billion
% of Total Assets	62.12%
Annual Growth Rate	22.92%
5-Year Change	82.14%
10-Year Change	221.63%
Growth Volatility	43.83

Guizhou Space Appliance Co Ltd - Net Assets Trend (2001–2024)

This chart illustrates how Guizhou Space Appliance Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Guizhou Space Appliance Co Ltd assets under control for the complete picture of this company's asset base.

Annual Net Assets for Guizhou Space Appliance Co Ltd (2001–2024)

The table below shows the annual net assets of Guizhou Space Appliance Co Ltd from 2001 to 2024. For live valuation and market cap data, see market value of Guizhou Space Appliance Co Ltd.

Year	Net Assets	Change
2024-12-31	CN¥7.50 Billion ≈ $1.10 Billion	+3.05%
2023-12-31	CN¥7.28 Billion ≈ $1.07 Billion	+10.70%
2022-12-31	CN¥6.58 Billion ≈ $962.50 Million	+9.11%
2021-12-31	CN¥6.03 Billion ≈ $882.14 Million	+46.34%
2020-12-31	CN¥4.12 Billion ≈ $602.81 Million	+12.02%
2019-12-31	CN¥3.68 Billion ≈ $538.11 Million	+15.42%
2018-12-31	CN¥3.19 Billion ≈ $466.22 Million	+12.58%
2017-12-31	CN¥2.83 Billion ≈ $414.11 Million	+9.39%
2016-12-31	CN¥2.59 Billion ≈ $378.57 Million	+10.90%
2015-12-31	CN¥2.33 Billion ≈ $341.37 Million	+9.29%
2014-12-31	CN¥2.13 Billion ≈ $312.34 Million	+7.57%
2013-12-31	CN¥1.98 Billion ≈ $290.35 Million	+8.84%
2012-12-31	CN¥1.82 Billion ≈ $266.77 Million	+7.69%
2011-12-31	CN¥1.69 Billion ≈ $247.72 Million	+7.34%
2010-12-31	CN¥1.58 Billion ≈ $230.77 Million	+6.51%
2009-12-31	CN¥1.48 Billion ≈ $216.67 Million	+7.01%
2008-12-31	CN¥1.38 Billion ≈ $202.47 Million	+10.88%
2007-12-31	CN¥1.25 Billion ≈ $182.61 Million	+127.51%
2006-12-31	CN¥548.52 Million ≈ $80.27 Million	+21.40%
2005-12-31	CN¥451.84 Million ≈ $66.12 Million	+48.42%
2004-12-31	CN¥304.42 Million ≈ $44.55 Million	+193.99%
2003-12-31	CN¥103.55 Million ≈ $15.15 Million	+36.11%
2002-12-31	CN¥76.08 Million ≈ $11.13 Million	+16.75%
2001-12-31	CN¥65.16 Million ≈ $9.53 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Guizhou Space Appliance 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 320524817300.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥3.21 Billion	49.59%
Common Stock	CN¥456.87 Million	7.07%
Other Components	CN¥2.80 Billion	43.34%
Total Equity	CN¥6.46 Billion	100.00%

Guizhou Space Appliance Co Ltd Competitors by Market Cap

The table below lists competitors of Guizhou Space Appliance Co Ltd ranked by their market capitalization.

Company	Market Cap
Luzerner Kantonalbank AG SW:LUKN	$4.88 Billion
Seazen Holdings Co Ltd SHG:601155	$4.88 Billion
Zhejiang Shuanghuan Driveline Co Ltd SHE:002472	$4.88 Billion
FPT Corp VN:FPT	$4.89 Billion
Inner Mongolia Yuan Xing Energy Co Ltd SHE:000683	$4.87 Billion
Turk Telekomunikasyon AS IS:TTKOM	$4.87 Billion
PERSIMMON UNSPON. ADR 2 F:OHP0	$4.87 Billion
DELEK GP SP.ADR/1/01/O.N F:6D40	$4.87 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Guizhou Space Appliance Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 6,283,491,749 to 6,463,033,200, a change of 179,541,451 (2.9%).
Net income of 347,092,609 contributed positively to equity growth.
Dividend payments of 197,832,482 reduced retained earnings.
Other comprehensive income decreased equity by 994,306,841.
Other factors increased equity by 1,024,588,165.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥347.09 Million	+5.37%
Dividends Paid	CN¥197.83 Million	-3.06%
Other Comprehensive Income	CN¥-994.31 Million	-15.38%
Other Changes	CN¥1.02 Billion	+15.85%
Total Change	CN¥-	2.86%

Book Value vs Market Value Analysis

This analysis compares Guizhou Space Appliance 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: 5.13x
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 458.50x to 5.13x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2001-12-31	CN¥0.16	CN¥73.19	x
2002-12-31	CN¥0.19	CN¥73.19	x
2003-12-31	CN¥0.25	CN¥73.19	x
2004-12-31	CN¥0.74	CN¥73.19	x
2005-12-31	CN¥1.00	CN¥73.19	x
2006-12-31	CN¥1.34	CN¥73.19	x
2007-12-31	CN¥2.48	CN¥73.19	x
2008-12-31	CN¥2.58	CN¥73.19	x
2009-12-31	CN¥2.77	CN¥73.19	x
2010-12-31	CN¥3.02	CN¥73.19	x
2011-12-31	CN¥3.21	CN¥73.19	x
2012-12-31	CN¥3.55	CN¥73.19	x
2013-12-31	CN¥3.80	CN¥73.19	x
2014-12-31	CN¥4.12	CN¥73.19	x
2015-12-31	CN¥4.54	CN¥73.19	x
2016-12-31	CN¥5.04	CN¥73.19	x
2017-12-31	CN¥5.56	CN¥73.19	x
2018-12-31	CN¥6.30	CN¥73.19	x
2019-12-31	CN¥7.07	CN¥73.19	x
2020-12-31	CN¥7.94	CN¥73.19	x
2021-12-31	CN¥12.01	CN¥73.19	x
2022-12-31	CN¥12.56	CN¥73.19	x
2023-12-31	CN¥13.88	CN¥73.19	x
2024-12-31	CN¥14.28	CN¥73.19	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Guizhou Space Appliance 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): 5.37%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.91%
• Asset Turnover: 0.42x
• Equity Multiplier: 1.85x
Recent ROE (5.37%) is below the historical average (13.07%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2001	10.87%	14.90%	0.55x	1.32x	CN¥565.18K
2002	22.91%	18.31%	0.62x	2.01x	CN¥9.82 Million
2003	24.58%	23.43%	0.69x	1.51x	CN¥14.71 Million
2004	13.74%	27.47%	0.42x	1.18x	CN¥11.25 Million
2005	28.12%	38.79%	0.56x	1.29x	CN¥73.71 Million
2006	22.98%	35.75%	0.51x	1.27x	CN¥65.16 Million
2007	8.69%	25.98%	0.25x	1.35x	CN¥-13.29 Million
2008	8.95%	20.13%	0.29x	1.51x	CN¥-11.48 Million
2009	8.61%	17.64%	0.34x	1.44x	CN¥-16.69 Million
2010	9.16%	17.34%	0.36x	1.47x	CN¥-10.80 Million
2011	9.83%	15.84%	0.44x	1.40x	CN¥-2.36 Million
2012	10.19%	14.04%	0.50x	1.47x	CN¥2.92 Million
2013	10.73%	12.81%	0.55x	1.52x	CN¥11.89 Million
2014	11.40%	12.68%	0.57x	1.59x	CN¥25.00 Million
2015	11.89%	12.45%	0.58x	1.65x	CN¥37.07 Million
2016	12.11%	11.57%	0.61x	1.72x	CN¥45.56 Million
2017	13.13%	11.92%	0.59x	1.85x	CN¥74.19 Million
2018	13.34%	12.67%	0.60x	1.75x	CN¥89.85 Million
2019	13.27%	11.38%	0.63x	1.85x	CN¥99.06 Million
2020	12.73%	10.28%	0.65x	1.89x	CN¥92.99 Million
2021	9.33%	9.50%	0.56x	1.76x	CN¥-35.36 Million
2022	9.77%	9.23%	0.60x	1.75x	CN¥-12.90 Million
2023	11.94%	12.09%	0.56x	1.77x	CN¥122.13 Million
2024	5.37%	6.91%	0.42x	1.85x	CN¥-299.21 Million

Industry Comparison

This section compares Guizhou Space Appliance Co Ltd's net assets metrics with peer companies in the Electronic Components industry.

Industry Context

Industry: Electronic Components
Average net assets among peers: $3,134,516,155
Average return on equity (ROE) among peers: 10.53%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Guizhou Space Appliance Co Ltd (002025)	CN¥7.52 Billion	10.87%	0.61x	$4.88 Billion
Shenzhen Zhongheng Huafa Co Ltd Class A (000020)	$266.56 Million	3.44%	1.72x	$423.10 Million
Shenzhen Desay Battery Technology Co Ltd (000049)	$2.86 Billion	17.55%	2.07x	$1.63 Billion
Shenzhen Huakong Seg Co Ltd (000068)	$1.09 Billion	2.98%	1.57x	$483.17 Million
CPT Technology Group Co Ltd (000536)	$3.32 Billion	10.43%	0.37x	$1.59 Billion
Guangdong Fenghua Advanced Technology Holding Co Ltd (000636)	$6.06 Billion	5.92%	0.45x	$4.25 Billion
Xiamen Xindeco Ltd (000701)	$217.53 Million	0.00%	0.71x	$586.43 Million
BOE Technology Group Co Ltd (000725)	$466.65 Million	21.84%	0.74x	$21.70 Billion
China Zhenhua Group Science & Technology Co Ltd (000733)	$9.75 Billion	24.43%	0.39x	$3.46 Billion
Beijing Zhong Ke San Huan High-Tech Co Ltd (000970)	$4.17 Billion	8.18%	0.30x	$2.15 Billion

About Guizhou Space Appliance Co Ltd

SHE:002025 China Electronic Components

Market Cap

$4.88 Billion

CN¥33.33 Billion CNY

Market Cap Rank

#3652 Global

#568 in China

Share Price

CN¥73.19

Change (1 day)

+8.16%

52-Week Range

CN¥40.46 - CN¥80.46

All Time High

CN¥83.16