Guangzhou Zhiguang Electric Co Ltd (002169) - Net Assets

Latest as of September 2025: CN¥2.93 Billion CNY ≈ $429.40 Million USD

Based on the latest financial reports, Guangzhou Zhiguang Electric Co Ltd (002169) has net assets worth CN¥2.93 Billion CNY (≈ $429.40 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¥9.87 Billion ≈ $1.44 Billion USD) and total liabilities (CN¥6.93 Billion ≈ $1.01 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 Guangzhou Zhiguang 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¥2.93 Billion
% of Total Assets	29.74%
Annual Growth Rate	26.21%
5-Year Change	-11.33%
10-Year Change	128.91%
Growth Volatility	51.19

Guangzhou Zhiguang Electric Co Ltd - Net Assets Trend (2004–2024)

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

Annual Net Assets for Guangzhou Zhiguang Electric Co Ltd (2004–2024)

The table below shows the annual net assets of Guangzhou Zhiguang Electric Co Ltd from 2004 to 2024. For live valuation and market cap data, see market value of Guangzhou Zhiguang Electric Co Ltd.

Year	Net Assets	Change
2024-12-31	CN¥2.94 Billion ≈ $429.71 Million	-11.13%
2023-12-31	CN¥3.30 Billion ≈ $483.52 Million	-3.61%
2022-12-31	CN¥3.43 Billion ≈ $501.61 Million	+2.22%
2021-12-31	CN¥3.35 Billion ≈ $490.70 Million	+1.25%
2020-12-31	CN¥3.31 Billion ≈ $484.64 Million	+9.58%
2019-12-31	CN¥3.02 Billion ≈ $442.27 Million	-1.13%
2018-12-31	CN¥3.06 Billion ≈ $447.34 Million	+1.22%
2017-12-31	CN¥3.02 Billion ≈ $441.96 Million	+3.20%
2016-12-31	CN¥2.93 Billion ≈ $428.27 Million	+128.14%
2015-12-31	CN¥1.28 Billion ≈ $187.72 Million	+87.43%
2014-12-31	CN¥684.46 Million ≈ $100.16 Million	+6.14%
2013-12-31	CN¥644.87 Million ≈ $94.36 Million	+3.97%
2012-12-31	CN¥620.24 Million ≈ $90.76 Million	-0.27%
2011-12-31	CN¥621.89 Million ≈ $91.00 Million	+9.32%
2010-12-31	CN¥568.88 Million ≈ $83.25 Million	+61.07%
2009-12-31	CN¥353.20 Million ≈ $51.68 Million	+11.12%
2008-12-31	CN¥317.85 Million ≈ $46.51 Million	+7.63%
2007-12-31	CN¥295.32 Million ≈ $43.21 Million	+164.59%
2006-12-31	CN¥111.61 Million ≈ $16.33 Million	+107.58%
2005-12-31	CN¥53.77 Million ≈ $7.87 Million	+92.48%
2004-12-31	CN¥27.93 Million ≈ $4.09 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Guangzhou Zhiguang 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 1240.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥181.87 Million	6.75%
Common Stock	CN¥782.70 Million	29.03%
Other Comprehensive Income	CN¥330.42 Million	12.26%
Other Components	CN¥1.40 Billion	51.97%
Total Equity	CN¥2.70 Billion	100.00%

Guangzhou Zhiguang Electric Co Ltd Competitors by Market Cap

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

Company	Market Cap
Tennant Company NYSE:TNC	$1.50 Billion
Karooooo Ltd NASDAQ:KARO	$1.50 Billion
Nyfosa AB (publ) ST:NYF	$1.50 Billion
Chang Wah Technology Co Ltd TWO:6548	$1.50 Billion
Doosan Pref Shs KO:000155	$1.50 Billion
Tung Ho Steel Enterprise Corp TW:2006	$1.50 Billion
Accelerant Holdings NYSE:ARX	$1.50 Billion
North Long Dragon New Materials Technology Co. Ltd. A SHE:301357	$1.50 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 3,080,920,480 to 2,696,165,521, a change of -384,754,959 (-12.5%).
Net loss of 326,458,056 reduced equity.
Dividend payments of 152,135,296 reduced retained earnings.
Share repurchases of 25,454,224 reduced equity.
Other comprehensive income decreased equity by 5,600,116.
Other factors increased equity by 124,892,733.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥-326.46 Million	-12.11%
Dividends Paid	CN¥152.14 Million	-5.64%
Share Repurchases	CN¥25.45 Million	-0.94%
Other Comprehensive Income	CN¥-5.60 Million	-0.21%
Other Changes	CN¥124.89 Million	+4.63%
Total Change	CN¥-	-12.49%

Book Value vs Market Value Analysis

This analysis compares Guangzhou Zhiguang 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: 3.75x
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 112.48x to 3.75x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-12-31	CN¥0.12	CN¥13.10	x
2005-12-31	CN¥0.23	CN¥13.10	x
2006-12-31	CN¥0.33	CN¥13.10	x
2007-12-31	CN¥0.71	CN¥13.10	x
2008-12-31	CN¥0.63	CN¥13.10	x
2009-12-31	CN¥0.69	CN¥13.10	x
2010-12-31	CN¥1.08	CN¥13.10	x
2011-12-31	CN¥1.10	CN¥13.10	x
2012-12-31	CN¥1.02	CN¥13.10	x
2013-12-31	CN¥1.05	CN¥13.10	x
2014-12-31	CN¥0.98	CN¥13.10	x
2015-12-31	CN¥1.88	CN¥13.10	x
2016-12-31	CN¥4.05	CN¥13.10	x
2017-12-31	CN¥3.52	CN¥13.10	x
2018-12-31	CN¥3.56	CN¥13.10	x
2019-12-31	CN¥3.84	CN¥13.10	x
2020-12-31	CN¥4.01	CN¥13.10	x
2021-12-31	CN¥4.23	CN¥13.10	x
2022-12-31	CN¥4.30	CN¥13.10	x
2023-12-31	CN¥4.00	CN¥13.10	x
2024-12-31	CN¥3.50	CN¥13.10	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Guangzhou Zhiguang 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): -12.11%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -12.58%
• Asset Turnover: 0.30x
• Equity Multiplier: 3.23x
Recent ROE (-12.11%) is below the historical average (7.12%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	29.39%	7.51%	1.24x	3.15x	CN¥5.09 Million
2005	26.43%	8.67%	1.03x	2.96x	CN¥8.54 Million
2006	21.21%	10.05%	0.86x	2.47x	CN¥11.75 Million
2007	10.19%	10.36%	0.50x	1.97x	CN¥547.35K
2008	8.74%	7.30%	0.59x	2.02x	CN¥-3.92 Million
2009	11.64%	9.14%	0.59x	2.16x	CN¥5.65 Million
2010	7.34%	8.92%	0.47x	1.76x	CN¥-14.89 Million
2011	4.53%	5.17%	0.43x	2.04x	CN¥-32.01 Million
2012	-9.14%	-12.52%	0.30x	2.46x	CN¥-103.77 Million
2013	3.58%	3.58%	0.40x	2.51x	CN¥-36.09 Million
2014	8.42%	4.75%	0.66x	2.67x	CN¥-9.41 Million
2015	9.40%	8.26%	0.43x	2.66x	CN¥-6.91 Million
2016	4.10%	7.97%	0.38x	1.37x	CN¥-160.34 Million
2017	4.51%	6.83%	0.44x	1.52x	CN¥-152.07 Million
2018	2.81%	2.92%	0.51x	1.87x	CN¥-201.75 Million
2019	4.04%	4.41%	0.44x	2.08x	CN¥-165.89 Million
2020	7.87%	11.19%	0.39x	1.80x	CN¥-64.99 Million
2021	10.31%	17.78%	0.31x	1.90x	CN¥10.06 Million
2022	1.28%	1.80%	0.37x	1.94x	CN¥-289.08 Million
2023	-5.09%	-5.74%	0.33x	2.69x	CN¥-465.00 Million
2024	-12.11%	-12.58%	0.30x	3.23x	CN¥-596.07 Million

Industry Comparison

This section compares Guangzhou Zhiguang Electric Co Ltd's net assets metrics with peer companies in the Electronic Components industry.

Industry Context

Industry: Electronic Components
Average net assets among peers: $2,959,429,291
Average return on equity (ROE) among peers: 10.19%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Guangzhou Zhiguang Electric Co Ltd (002169)	CN¥2.93 Billion	29.39%	2.36x	$1.50 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
Guizhou Space Appliance Co Ltd (002025)	$1.38 Billion	7.09%	0.20x	$4.88 Billion

About Guangzhou Zhiguang Electric Co Ltd

SHE:002169 China Electronic Components

Market Cap

$1.50 Billion

CN¥10.25 Billion CNY

Market Cap Rank

#7389 Global

#1765 in China

Share Price

CN¥13.10

Change (1 day)

+1.31%

52-Week Range

CN¥5.97 - CN¥16.45

All Time High

CN¥16.45