Guoguang Electric Co Ltd (002045) - Net Assets

Latest as of September 2025: CN¥4.43 Billion CNY ≈ $648.23 Million USD

Based on the latest financial reports, Guoguang Electric Co Ltd (002045) has net assets worth CN¥4.43 Billion CNY (≈ $648.23 Million 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¥10.87 Billion ≈ $1.59 Billion USD) and total liabilities (CN¥6.44 Billion ≈ $941.67 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 Guoguang Electric Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥4.43 Billion
% of Total Assets	40.77%
Annual Growth Rate	15.34%
5-Year Change	109.8%
10-Year Change	221.96%
Growth Volatility	28.58

Guoguang Electric Co Ltd - Net Assets Trend (2002–2024)

This chart illustrates how Guoguang Electric Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Guoguang Electric Co Ltd balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Guoguang Electric Co Ltd (2002–2024)

The table below shows the annual net assets of Guoguang Electric Co Ltd from 2002 to 2024. For live valuation and market cap data, see market value of Guoguang Electric Co Ltd.

Year	Net Assets	Change
2024-12-31	CN¥4.28 Billion ≈ $626.31 Million	+8.39%
2023-12-31	CN¥3.95 Billion ≈ $577.84 Million	+82.80%
2022-12-31	CN¥2.16 Billion ≈ $316.11 Million	+8.51%
2021-12-31	CN¥1.99 Billion ≈ $291.33 Million	-2.41%
2020-12-31	CN¥2.04 Billion ≈ $298.53 Million	+5.69%
2019-12-31	CN¥1.93 Billion ≈ $282.46 Million	+12.63%
2018-12-31	CN¥1.71 Billion ≈ $250.77 Million	+14.44%
2017-12-31	CN¥1.50 Billion ≈ $219.12 Million	+5.85%
2016-12-31	CN¥1.41 Billion ≈ $207.02 Million	+6.42%
2015-12-31	CN¥1.33 Billion ≈ $194.53 Million	+1.00%
2014-12-31	CN¥1.32 Billion ≈ $192.60 Million	+5.56%
2013-12-31	CN¥1.25 Billion ≈ $182.45 Million	+3.86%
2012-12-31	CN¥1.20 Billion ≈ $175.66 Million	-15.50%
2011-12-31	CN¥1.42 Billion ≈ $207.88 Million	+2.90%
2010-12-31	CN¥1.38 Billion ≈ $202.02 Million	+44.86%
2009-12-31	CN¥953.03 Million ≈ $139.46 Million	+18.56%
2008-12-31	CN¥803.85 Million ≈ $117.63 Million	+8.96%
2007-12-31	CN¥737.72 Million ≈ $107.95 Million	+13.40%
2006-12-31	CN¥650.56 Million ≈ $95.20 Million	+10.03%
2005-12-31	CN¥591.25 Million ≈ $86.52 Million	+116.89%
2004-12-31	CN¥272.61 Million ≈ $39.89 Million	+18.76%
2003-12-31	CN¥229.54 Million ≈ $33.59 Million	+23.89%
2002-12-31	CN¥185.28 Million ≈ $27.11 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Guoguang Electric 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 2228.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥1.49 Billion	34.81%
Common Stock	CN¥562.48 Million	13.15%
Other Comprehensive Income	CN¥351.85 Million	8.23%
Other Components	CN¥1.87 Billion	43.81%
Total Equity	CN¥4.28 Billion	100.00%

Guoguang Electric Co Ltd Competitors by Market Cap

The table below lists competitors of Guoguang Electric Co Ltd ranked by their market capitalization.

Company	Market Cap
GlaxoSmithKline PLC LSE:GSK	$929.05 Million
Banco da Amazônia S.A SA:BAZA3	$929.25 Million
Genco Shipping & Trading Ltd NYSE:GNK	$929.30 Million
Surya Citra Media Tbk JK:SCMA	$929.73 Million
Maccura Biotechnology Co Ltd SHE:300463	$928.17 Million
Asiainfo Security Technologies Corp. A SHG:688225	$927.76 Million
Universal Insurance Holdings Inc NYSE:UVE	$927.72 Million
Pharming Group NV AS:PHARM	$927.29 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 3,946,055,610 to 4,276,581,854, a change of 330,526,244 (8.4%).
Net income of 252,977,353 contributed positively to equity growth.
Dividend payments of 57,431,641 reduced retained earnings.
Other comprehensive income increased equity by 33,369,412.
Other factors increased equity by 101,611,120.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥252.98 Million	+5.92%
Dividends Paid	CN¥57.43 Million	-1.34%
Other Comprehensive Income	CN¥33.37 Million	+0.78%
Other Changes	CN¥101.61 Million	+2.38%
Total Change	CN¥-	8.38%

Book Value vs Market Value Analysis

This analysis compares Guoguang Electric 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: 1.45x
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 22.12x to 1.45x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2002-12-31	CN¥0.51	CN¥11.28	x
2003-12-31	CN¥0.63	CN¥11.28	x
2004-12-31	CN¥0.75	CN¥11.28	x
2005-12-31	CN¥1.61	CN¥11.28	x
2006-12-31	CN¥1.71	CN¥11.28	x
2007-12-31	CN¥1.90	CN¥11.28	x
2008-12-31	CN¥2.11	CN¥11.28	x
2009-12-31	CN¥2.46	CN¥11.28	x
2010-12-31	CN¥3.28	CN¥11.28	x
2011-12-31	CN¥3.36	CN¥11.28	x
2012-12-31	CN¥2.88	CN¥11.28	x
2013-12-31	CN¥2.98	CN¥11.28	x
2014-12-31	CN¥3.08	CN¥11.28	x
2015-12-31	CN¥3.28	CN¥11.28	x
2016-12-31	CN¥3.11	CN¥11.28	x
2017-12-31	CN¥3.41	CN¥11.28	x
2018-12-31	CN¥3.70	CN¥11.28	x
2019-12-31	CN¥4.16	CN¥11.28	x
2020-12-31	CN¥4.44	CN¥11.28	x
2021-12-31	CN¥4.41	CN¥11.28	x
2022-12-31	CN¥4.79	CN¥11.28	x
2023-12-31	CN¥8.53	CN¥11.28	x
2024-12-31	CN¥7.78	CN¥11.28	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Guoguang Electric 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): 5.92%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.20%
• Asset Turnover: 0.83x
• Equity Multiplier: 2.22x
Recent ROE (5.92%) is below the historical average (8.17%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	26.33%	14.17%	0.88x	2.12x	CN¥30.25 Million
2003	22.35%	16.06%	0.73x	1.91x	CN¥28.35 Million
2004	19.11%	13.91%	0.63x	2.19x	CN¥24.82 Million
2005	7.68%	9.36%	0.51x	1.60x	CN¥-13.60 Million
2006	8.10%	5.99%	0.76x	1.79x	CN¥-12.04 Million
2007	11.08%	9.38%	0.60x	1.98x	CN¥7.70 Million
2008	11.39%	9.19%	0.61x	2.03x	CN¥10.77 Million
2009	11.90%	10.56%	0.59x	1.92x	CN¥17.59 Million
2010	8.54%	6.57%	0.64x	2.02x	CN¥-19.78 Million
2011	6.26%	4.08%	0.77x	1.98x	CN¥-52.63 Million
2012	-15.26%	-10.00%	0.75x	2.04x	CN¥-300.75 Million
2013	6.38%	3.91%	0.77x	2.12x	CN¥-44.79 Million
2014	7.15%	4.59%	0.78x	1.98x	CN¥-36.89 Million
2015	3.66%	2.15%	0.78x	2.19x	CN¥-83.22 Million
2016	4.50%	2.35%	0.86x	2.24x	CN¥-73.92 Million
2017	9.09%	3.23%	0.97x	2.89x	CN¥-13.14 Million
2018	-13.23%	-5.42%	0.84x	2.90x	CN¥-384.67 Million
2019	18.31%	7.94%	1.05x	2.20x	CN¥160.26 Million
2020	9.16%	4.39%	0.95x	2.20x	CN¥-17.12 Million
2021	2.02%	0.83%	0.99x	2.44x	CN¥-158.72 Million
2022	8.27%	2.98%	1.15x	2.41x	CN¥-37.40 Million
2023	9.14%	6.08%	0.85x	1.77x	CN¥-33.90 Million
2024	5.92%	3.20%	0.83x	2.22x	CN¥-174.68 Million

Industry Comparison

This section compares Guoguang Electric Co Ltd's net assets metrics with peer companies in the Consumer Electronics industry.

Industry Context

Industry: Consumer Electronics
Average net assets among peers: $3,561,726,768
Average return on equity (ROE) among peers: 5.87%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Guoguang Electric Co Ltd (002045)	CN¥4.43 Billion	26.33%	1.45x	$928.45 Million
Konka Group Co Ltd (000016)	$3.29 Billion	3.02%	1.93x	$756.97 Million
Tianma Microelectronics Co Ltd (000050)	$13.76 Billion	4.14%	0.58x	$2.74 Billion
Guangdong Goworld Co Ltd (000823)	$1.01 Billion	4.02%	1.24x	$1.17 Billion
Soyea Technology Co Ltd (000909)	$1.98 Billion	4.97%	1.20x	$298.48 Million
Hengdian Group DMEGC Magnetics Co Ltd (002056)	$6.77 Billion	16.55%	0.95x	$4.51 Billion
Shenzhen Auto Electric Power Plant Co Ltd (002227)	$1.14 Billion	-2.98%	0.48x	$318.38 Million
Goertek Inc (002241)	$874.59 Million	14.02%	0.63x	$12.71 Billion
Edifier Technology Co Ltd (002351)	$1.57 Billion	6.28%	0.09x	$1.45 Billion
Guangzhou Echom Sci&Tech Co Ltd (002420)	$1.66 Billion	2.84%	1.44x	$440.55 Million

About Guoguang Electric Co Ltd

SHE:002045 China Consumer Electronics

Market Cap

$928.45 Million

CN¥6.34 Billion CNY

Market Cap Rank

#9423 Global

#2585 in China

Share Price

CN¥11.28

Change (1 day)

-1.05%

52-Week Range

CN¥11.00 - CN¥18.45

All Time High

CN¥25.15