Guangzhou Zhiguang Electric Co Ltd (002169) - Net Assets
Based on the latest financial reports, Guangzhou Zhiguang Electric Co Ltd (002169) has net assets worth CN¥3.12 Billion CNY (≈ $456.40 Million 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¥10.46 Billion ≈ $1.53 Billion USD) and total liabilities (CN¥7.34 Billion ≈ $1.07 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 002169 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.12 Billion |
| % of Total Assets | 29.83% |
| Annual Growth Rate | 25.26% |
| 5-Year Change | -5.64% |
| 10-Year Change | 8.12% |
| Growth Volatility | 50.27 |
Guangzhou Zhiguang Electric Co Ltd - Net Assets Trend (2004–2025)
This chart illustrates how Guangzhou Zhiguang Electric Co Ltd's net assets have evolved over time, based on quarterly financial data. See Guangzhou Zhiguang Electric Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Guangzhou Zhiguang Electric Co Ltd (2004–2025)
The table below shows the annual net assets of Guangzhou Zhiguang Electric Co Ltd from 2004 to 2025. For live valuation and market cap data, see market value of Guangzhou Zhiguang Electric Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.16 Billion ≈ $463.04 Million |
+7.76% |
| 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 |
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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 1678.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥241.30 Million | 8.48% |
| Other Components | CN¥2.60 Billion | 91.52% |
| Total Equity | CN¥2.85 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 |
|---|---|
|
Riyue Heavy Industry Co Ltd
SHG:603218
|
$1.63 Billion |
|
Wangfujing
SHG:600859
|
$1.63 Billion |
|
Jiangyin Hengrun Heavy
SHG:603985
|
$1.63 Billion |
|
Despegar.com Corp
NYSE:DESP
|
$1.63 Billion |
|
Wilson Sons Holdings Brasil S.A.
SA:PORT3
|
$1.63 Billion |
|
Sichuan Furong Technology Co Ltd
SHG:603327
|
$1.63 Billion |
|
Greatech Technology Bhd
KLSE:0208
|
$1.63 Billion |
|
Crystal Growth & Energy Equipment Co. Ltd. A
SHG:688478
|
$1.63 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 2024 to 2025, total equity changed from 2,696,165,521 to 2,845,955,785, a change of 149,790,264 (5.6%).
- Net income of 135,517,982 contributed positively to equity growth.
- Dividend payments of 140,319,529 reduced retained earnings.
- Other comprehensive income decreased equity by 330,420,214.
- Other factors increased equity by 485,012,024.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥135.52 Million | +4.76% |
| Dividends Paid | CN¥140.32 Million | -4.93% |
| Other Comprehensive Income | CN¥-330.42 Million | -11.61% |
| Other Changes | CN¥485.01 Million | +17.04% |
| Total Change | CN¥- | 5.56% |
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: 3.91x
- 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 122.18x to 3.91x 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¥14.23 | x |
| 2005-12-31 | CN¥0.23 | CN¥14.23 | x |
| 2006-12-31 | CN¥0.33 | CN¥14.23 | x |
| 2007-12-31 | CN¥0.71 | CN¥14.23 | x |
| 2008-12-31 | CN¥0.63 | CN¥14.23 | x |
| 2009-12-31 | CN¥0.69 | CN¥14.23 | x |
| 2010-12-31 | CN¥1.08 | CN¥14.23 | x |
| 2011-12-31 | CN¥1.10 | CN¥14.23 | x |
| 2012-12-31 | CN¥1.02 | CN¥14.23 | x |
| 2013-12-31 | CN¥1.05 | CN¥14.23 | x |
| 2014-12-31 | CN¥0.98 | CN¥14.23 | x |
| 2015-12-31 | CN¥1.88 | CN¥14.23 | x |
| 2016-12-31 | CN¥4.05 | CN¥14.23 | x |
| 2017-12-31 | CN¥3.52 | CN¥14.23 | x |
| 2018-12-31 | CN¥3.56 | CN¥14.23 | x |
| 2019-12-31 | CN¥3.84 | CN¥14.23 | x |
| 2020-12-31 | CN¥4.01 | CN¥14.23 | x |
| 2021-12-31 | CN¥4.23 | CN¥14.23 | x |
| 2022-12-31 | CN¥4.30 | CN¥14.23 | x |
| 2023-12-31 | CN¥4.00 | CN¥14.23 | x |
| 2024-12-31 | CN¥3.50 | CN¥14.23 | x |
| 2025-12-31 | CN¥3.64 | CN¥14.23 | 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): 4.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.55%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 3.50x
- Recent ROE (4.76%) is below the historical average (7.01%), 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 |
| 2025 | 4.76% | 3.55% | 0.38x | 3.50x | CN¥-149.08 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: $21,404,927,234
- Average return on equity (ROE) among peers: 44.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangzhou Zhiguang Electric Co Ltd (002169) | CN¥3.12 Billion | 29.39% | 2.35x | $1.63 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $276.94 Million | 3.75% | 1.41x | $305.93 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $202.23 Million | 1.58% | 1.20x | $1.35 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $116.44 Million | -93.06% | 2.61x | $481.70 Million |
| CPT Technology Group Co Ltd (000536) | $52.05 Million | 490.89% | 0.65x | $1.46 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $5.53 Billion | 18.40% | 0.27x | $12.63 Billion |
| Xiamen Xindeco Ltd (000701) | $920.35 Million | 5.21% | 1.79x | $491.49 Million |
| BOE Technology Group Co Ltd (000725) | $197.80 Billion | 1.29% | 1.12x | $34.84 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $2.43 Billion | 3.50% | 0.53x | $4.85 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $5.48 Billion | 2.36% | 0.29x | $2.66 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $1.25 Billion | 7.05% | 0.10x | $4.23 Billion |
About Guangzhou Zhiguang Electric Co Ltd
Guangzhou Zhiguang Electric Co.,Ltd. provides digital energy technology products and services worldwide. The company offers energy digital control systems, enterprise energy management systems, energy storage EMS, energy storage smart cloud networks, optical storage charging micro-grid smart energy management platforms, intelligent power operation and maintenance systems, and photovoltaic power p… Read more