Guangdong Tapai Group Co Ltd (002233) - Net Assets

Latest as of December 2025: CN¥12.06 Billion CNY ≈ $1.76 Billion USD

Based on the latest financial reports, Guangdong Tapai Group Co Ltd (002233) has net assets worth CN¥12.06 Billion CNY (≈ $1.76 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥13.43 Billion ≈ $1.97 Billion USD) and total liabilities (CN¥1.37 Billion ≈ $200.98 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 002233 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥12.06 Billion
% of Total Assets	89.77%
Annual Growth Rate	17.47%
5-Year Change	2.62%
10-Year Change	157.42%
Growth Volatility	36.44

Guangdong Tapai Group Co Ltd - Net Assets Trend (2005–2025)

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

Annual Net Assets for Guangdong Tapai Group Co Ltd (2005–2025)

The table below shows the annual net assets of Guangdong Tapai Group Co Ltd from 2005 to 2025. For live valuation and market cap data, see Guangdong Tapai Group Co Ltd stock valuation.

Year	Net Assets	Change
2025-12-31	CN¥12.06 Billion ≈ $1.76 Billion	+0.41%
2024-12-31	CN¥12.01 Billion ≈ $1.76 Billion	+0.14%
2023-12-31	CN¥11.99 Billion ≈ $1.75 Billion	+5.85%
2022-12-31	CN¥11.33 Billion ≈ $1.66 Billion	-3.58%
2021-12-31	CN¥11.75 Billion ≈ $1.72 Billion	+12.38%
2020-12-31	CN¥10.46 Billion ≈ $1.53 Billion	+6.78%
2019-12-31	CN¥9.79 Billion ≈ $1.43 Billion	+9.01%
2018-12-31	CN¥8.98 Billion ≈ $1.31 Billion	+9.71%
2017-12-31	CN¥8.19 Billion ≈ $1.20 Billion	+74.79%
2016-12-31	CN¥4.68 Billion ≈ $685.49 Million	+6.94%
2015-12-31	CN¥4.38 Billion ≈ $641.03 Million	+2.96%
2014-12-31	CN¥4.25 Billion ≈ $622.61 Million	+11.38%
2013-12-31	CN¥3.82 Billion ≈ $559.01 Million	+10.09%
2012-12-31	CN¥3.47 Billion ≈ $507.78 Million	+1.28%
2011-12-31	CN¥3.43 Billion ≈ $501.38 Million	+47.55%
2010-12-31	CN¥2.32 Billion ≈ $339.80 Million	+19.85%
2009-12-31	CN¥1.94 Billion ≈ $283.51 Million	+4.22%
2008-12-31	CN¥1.86 Billion ≈ $272.04 Million	+159.93%
2007-12-31	CN¥715.20 Million ≈ $104.66 Million	+20.73%
2006-12-31	CN¥592.42 Million ≈ $86.69 Million	+22.91%
2005-12-31	CN¥481.99 Million ≈ $70.53 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 4151.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥6.48 Billion	53.98%
Common Stock	CN¥1.19 Billion	9.92%
Other Comprehensive Income	CN¥859.99 Million	7.16%
Other Components	CN¥3.48 Billion	28.94%
Total Equity	CN¥12.01 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
Adriatic Metals Plc AU:ADT	$1.52 Billion
Chengdu RML Technology Co. Ltd. SHE:301050	$1.52 Billion
PHARVARIS N.V. EO -12 F:9EN	$1.52 Billion
Science Environmental Protection Co. Ltd. A SHG:688480	$1.52 Billion
SYoung Group Co Ltd SHE:300740	$1.52 Billion
Qingdao Yunlu Advanced Materials Technology Co. Ltd. A SHG:688190	$1.52 Billion
QCR Holdings Inc NASDAQ:QCRH	$1.52 Billion
Holmen AB (publ) ST:HOLM-A	$1.52 Billion

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 2024 to 2025, total equity changed from 11,954,116,618 to 12,013,586,722, a change of 59,470,104 (0.5%).
Net income of 634,043,800 contributed positively to equity growth.
Dividend payments of 528,367,729 reduced retained earnings.
Other comprehensive income decreased equity by 18,466,171.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥634.04 Million	+5.28%
Dividends Paid	CN¥528.37 Million	-4.4%
Other Comprehensive Income	CN¥-18.47 Million	-0.15%
Other Changes	CN¥-27.74 Million	-0.23%
Total Change	CN¥-	0.50%

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: 0.86x
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 13.20x to 0.86x 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¥8.85	x
2006-12-31	CN¥0.79	CN¥8.85	x
2007-12-31	CN¥1.04	CN¥8.85	x
2008-12-31	CN¥2.48	CN¥8.85	x
2009-12-31	CN¥2.41	CN¥8.85	x
2010-12-31	CN¥2.75	CN¥8.85	x
2011-12-31	CN¥3.87	CN¥8.85	x
2012-12-31	CN¥3.85	CN¥8.85	x
2013-12-31	CN¥4.22	CN¥8.85	x
2014-12-31	CN¥4.73	CN¥8.85	x
2015-12-31	CN¥4.89	CN¥8.85	x
2016-12-31	CN¥5.23	CN¥8.85	x
2017-12-31	CN¥8.66	CN¥8.85	x
2018-12-31	CN¥7.53	CN¥8.85	x
2019-12-31	CN¥8.22	CN¥8.85	x
2020-12-31	CN¥8.83	CN¥8.85	x
2021-12-31	CN¥9.99	CN¥8.85	x
2022-12-31	CN¥9.59	CN¥8.85	x
2023-12-31	CN¥10.25	CN¥8.85	x
2024-12-31	CN¥10.22	CN¥8.85	x
2025-12-31	CN¥10.23	CN¥8.85	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): 5.28%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 15.44%
• Asset Turnover: 0.31x
• Equity Multiplier: 1.12x
Recent ROE (5.28%) is below the historical average (12.22%), 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
2025	5.28%	15.44%	0.31x	1.12x	CN¥-567.31 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: $13,162,925,894
Average return on equity (ROE) among peers: 8.03%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Guangdong Tapai Group Co Ltd (002233)	CN¥12.06 Billion	17.15%	0.11x	$1.52 Billion
CSG Holding Co Ltd (000012)	$2.94 Billion	11.08%	1.30x	$1.16 Billion
Tangshan Jidong Cement Co Ltd (000401)	$2.29 Billion	6.24%	1.38x	$1.66 Billion
Gansu Shangfeng Cement Co Ltd (000672)	$93.07 Million	11.07%	1.68x	$2.01 Billion
Jiangxi Wannianqing Cement Co Ltd (000789)	$3.55 Billion	12.35%	1.21x	$576.43 Million
Xinjiang Tianshan Cement Co Ltd (000877)	$91.32 Billion	13.74%	2.12x	$4.92 Billion
Sinostone Guangdong Co Ltd (001212)	$1.73 Billion	1.76%	0.35x	$1.70 Billion
Ruitai Materials Technology Co Ltd (002066)	$1.09 Billion	2.54%	2.42x	$801.95 Million
China West Construction Group Co Ltd (002302)	$10.06 Billion	7.80%	1.37x	$1.05 Billion
Hubei Guochuang Hi-tech Material Co Ltd (002377)	$5.39 Billion	5.69%	0.23x	$490.76 Million

About Guangdong Tapai Group Co Ltd

SHE:002233 China Building Materials

Market Cap

$1.52 Billion

CN¥10.39 Billion CNY

Market Cap Rank

#7407 Global

#1810 in China

Share Price

CN¥8.85

Change (1 day)

-0.23%

52-Week Range

CN¥7.30 - CN¥10.09

All Time High

CN¥13.30