Guangdong Tapai Group Co Ltd
Guangdong Tapai Group Co., Ltd., together with its subsidiaries, engages in the production and sale of cement in China. It offers Portland cement clinker; general purpose Portland cement clinker, including Portland, ordinary Portland, pozzolanic Portland, slag Portland, fly ash Portland, and composite Portland cements; and ready-mixed concrete. The company sells its products under the Ta Pai, Yue… Read more
Guangdong Tapai Group Co Ltd (002233) - Net Assets
Latest net assets as of September 2025: CN¥12.04 Billion CNY
Based on the latest financial reports, Guangdong Tapai Group Co Ltd (002233) has net assets worth CN¥12.04 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥13.23 Billion) and total liabilities (CN¥1.19 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥12.04 Billion |
| % of Total Assets | 91.01% |
| Annual Growth Rate | 18.44% |
| 5-Year Change | 14.86% |
| 10-Year Change | 174.15% |
| Growth Volatility | 37.06 |
Guangdong Tapai Group Co Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Guangdong Tapai Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Guangdong Tapai Group Co Ltd (2005–2024)
The table below shows the annual net assets of Guangdong Tapai Group Co Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥12.01 Billion | +0.14% |
| 2023-12-31 | CN¥11.99 Billion | +5.85% |
| 2022-12-31 | CN¥11.33 Billion | -3.58% |
| 2021-12-31 | CN¥11.75 Billion | +12.38% |
| 2020-12-31 | CN¥10.46 Billion | +6.78% |
| 2019-12-31 | CN¥9.79 Billion | +9.01% |
| 2018-12-31 | CN¥8.98 Billion | +9.71% |
| 2017-12-31 | CN¥8.19 Billion | +74.79% |
| 2016-12-31 | CN¥4.68 Billion | +6.94% |
| 2015-12-31 | CN¥4.38 Billion | +2.96% |
| 2014-12-31 | CN¥4.25 Billion | +11.38% |
| 2013-12-31 | CN¥3.82 Billion | +10.09% |
| 2012-12-31 | CN¥3.47 Billion | +1.28% |
| 2011-12-31 | CN¥3.43 Billion | +47.55% |
| 2010-12-31 | CN¥2.32 Billion | +19.85% |
| 2009-12-31 | CN¥1.94 Billion | +4.22% |
| 2008-12-31 | CN¥1.86 Billion | +159.93% |
| 2007-12-31 | CN¥715.20 Million | +20.73% |
| 2006-12-31 | CN¥592.42 Million | +22.91% |
| 2005-12-31 | CN¥481.99 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Guangdong Tapai 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 4081.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.38 Billion | 53.36% |
| Common Stock | CN¥1.19 Billion | 9.97% |
| Other Comprehensive Income | CN¥878.45 Million | 7.35% |
| Other Components | CN¥3.50 Billion | 29.32% |
| Total Equity | CN¥11.95 Billion | 100.00% |
Guangdong Tapai Group Co Ltd Competitors by Market Cap
The table below lists competitors of Guangdong Tapai Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SeSa S.p.A.
PINK:SESPF
|
$832.39 Million |
|
Medikaloka Hermina PT
JK:HEAL
|
$832.80 Million |
|
Beijing Bei Mo Gao Ke Friction Mate
SHE:002985
|
$832.99 Million |
|
Momentum Group Limited
PINK:MMTHF
|
$833.03 Million |
|
ARENDALS FOSSEKOM. NK 4
F:5VZ
|
$832.22 Million |
|
Hubei Tech Semiconductors Co
SHE:300046
|
$832.03 Million |
|
Piedmont Office Realty Trust Inc
NYSE:PDM
|
$831.98 Million |
|
Aguas Andinas S.A
SN:AGUAS-A
|
$831.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Tapai Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,952,188,034 to 11,954,116,618, a change of 1,928,584 (0.0%).
- Net income of 537,915,521 contributed positively to equity growth.
- Dividend payments of 585,399,026 reduced retained earnings.
- Other comprehensive income increased equity by 14,255,417.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥537.92 Million | +4.5% |
| Dividends Paid | CN¥585.40 Million | -4.9% |
| Other Comprehensive Income | CN¥14.26 Million | +0.12% |
| Other Changes | CN¥35.16 Million | +0.29% |
| Total Change | CN¥- | 0.02% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Tapai 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: 0.93x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 14.12x to 0.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | CN¥0.67 | CN¥9.47 | x |
| 2006-12-31 | CN¥0.79 | CN¥9.47 | x |
| 2007-12-31 | CN¥1.04 | CN¥9.47 | x |
| 2008-12-31 | CN¥2.48 | CN¥9.47 | x |
| 2009-12-31 | CN¥2.41 | CN¥9.47 | x |
| 2010-12-31 | CN¥2.75 | CN¥9.47 | x |
| 2011-12-31 | CN¥3.87 | CN¥9.47 | x |
| 2012-12-31 | CN¥3.84 | CN¥9.47 | x |
| 2013-12-31 | CN¥4.22 | CN¥9.47 | x |
| 2014-12-31 | CN¥4.73 | CN¥9.47 | x |
| 2015-12-31 | CN¥4.89 | CN¥9.47 | x |
| 2016-12-31 | CN¥5.23 | CN¥9.47 | x |
| 2017-12-31 | CN¥8.66 | CN¥9.47 | x |
| 2018-12-31 | CN¥7.53 | CN¥9.47 | x |
| 2019-12-31 | CN¥8.22 | CN¥9.47 | x |
| 2020-12-31 | CN¥8.83 | CN¥9.47 | x |
| 2021-12-31 | CN¥9.99 | CN¥9.47 | x |
| 2022-12-31 | CN¥9.59 | CN¥9.47 | x |
| 2023-12-31 | CN¥10.25 | CN¥9.47 | x |
| 2024-12-31 | CN¥10.21 | CN¥9.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Tapai 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): 4.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.58%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.13x
- Recent ROE (4.50%) is below the historical average (12.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 17.15% | 5.87% | 0.58x | 5.00x | CN¥28.23 Million |
| 2006 | 17.08% | 6.49% | 0.58x | 4.52x | CN¥33.94 Million |
| 2007 | 23.08% | 8.19% | 0.69x | 4.06x | CN¥81.54 Million |
| 2008 | 10.88% | 8.74% | 0.59x | 2.13x | CN¥15.83 Million |
| 2009 | 11.20% | 8.30% | 0.62x | 2.19x | CN¥23.14 Million |
| 2010 | 13.26% | 9.85% | 0.65x | 2.06x | CN¥75.79 Million |
| 2011 | 17.82% | 14.72% | 0.79x | 1.53x | CN¥267.08 Million |
| 2012 | 5.86% | 5.79% | 0.68x | 1.49x | CN¥-142.27 Million |
| 2013 | 10.60% | 10.49% | 0.70x | 1.44x | CN¥22.67 Million |
| 2014 | 14.37% | 13.65% | 0.82x | 1.28x | CN¥184.91 Million |
| 2015 | 8.71% | 9.94% | 0.64x | 1.38x | CN¥-56.22 Million |
| 2016 | 9.71% | 12.52% | 0.54x | 1.44x | CN¥-13.53 Million |
| 2017 | 8.81% | 15.80% | 0.47x | 1.20x | CN¥-97.08 Million |
| 2018 | 19.20% | 25.99% | 0.61x | 1.22x | CN¥825.55 Million |
| 2019 | 17.72% | 25.16% | 0.59x | 1.20x | CN¥755.22 Million |
| 2020 | 17.06% | 25.29% | 0.56x | 1.21x | CN¥737.55 Million |
| 2021 | 15.67% | 23.81% | 0.56x | 1.18x | CN¥664.36 Million |
| 2022 | 2.36% | 4.41% | 0.47x | 1.14x | CN¥-863.30 Million |
| 2023 | 6.20% | 13.40% | 0.41x | 1.13x | CN¥-453.70 Million |
| 2024 | 4.50% | 12.58% | 0.32x | 1.13x | CN¥-657.50 Million |
Industry Comparison
This section compares Guangdong Tapai Group Co Ltd's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $5,613,121,775
- Average return on equity (ROE) among peers: 50.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Tapai Group Co Ltd (002233) | CN¥12.04 Billion | 17.15% | 0.10x | $832.22 Million |
| CSG Holding Co Ltd (000012) | $1.98 Billion | 5.22% | 0.62x | $1.58 Billion |
| Tangshan Jidong Cement Co Ltd (000401) | $30.60 Billion | -4.84% | 0.96x | $788.07 Million |
| Gansu Shangfeng Cement Co Ltd (000672) | $26.27 Million | 402.35% | 2.67x | $800.06 Million |
| Jiangxi Wannianqing Cement Co Ltd (000789) | $2.61 Billion | 19.37% | 1.69x | $288.81 Million |
| Xinjiang Tianshan Cement Co Ltd (000877) | $5.40 Billion | 20.92% | 1.84x | $783.16 Million |
| Sinostone Guangdong Co Ltd (001212) | $1.42 Billion | 6.07% | 0.18x | $814.06 Million |
| Ruitai Materials Technology Co Ltd (002066) | $882.60 Million | 6.49% | 1.50x | $391.14 Million |
| China West Construction Group Co Ltd (002302) | $6.71 Billion | 1.58% | 1.72x | $378.10 Million |
| Hubei Guochuang Hi-tech Material Co Ltd (002377) | $895.70 Million | 0.58% | 0.68x | $314.31 Million |