Goertek Inc

SHE:002241 China Consumer Electronics
Market Cap
$12.01 Billion
CN¥88.14 Billion CNY
Market Cap Rank
#1986 Global
#111 in China
Share Price
CN¥24.86
Change (1 day)
-1.35%
52-Week Range
CN¥18.88 - CN¥39.59
All Time High
CN¥56.08
Categories
Companies in China Consumer Electronics Technology AI & Machine Learning
About

Goertek Inc. provides micro electro-acoustic components, optical components, electronic accessories, and related products worldwide. It offers smart wearable products, such as smart watches and bracelets/rings; smart viewable products, including VR/MR HMD, AR/AI glasses, and panoramic camera; hearables comprising TWS earphones, audio glasses, and headphones; voice-controlled speaker, and robotics… Read more

Goertek Inc (002241) - Net Assets

Latest net assets as of September 2025: CN¥37.11 Billion CNY

Based on the latest financial reports, Goertek Inc (002241) has net assets worth CN¥37.11 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¥94.82 Billion) and total liabilities (CN¥57.72 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¥37.11 Billion
% of Total Assets 39.13%
Annual Growth Rate 37.94%
5-Year Change 72.54%
10-Year Change 258.52%
Growth Volatility 85.0

Goertek Inc - Net Assets Trend (2005–2024)

This chart illustrates how Goertek Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Goertek Inc (2005–2024)

The table below shows the annual net assets of Goertek Inc from 2005 to 2024.

Year Net Assets Change
2024-12-31 CN¥34.05 Billion +7.99%
2023-12-31 CN¥31.53 Billion +4.20%
2022-12-31 CN¥30.26 Billion +8.33%
2021-12-31 CN¥27.93 Billion +41.54%
2020-12-31 CN¥19.73 Billion +22.35%
2019-12-31 CN¥16.13 Billion +6.18%
2018-12-31 CN¥15.19 Billion +1.83%
2017-12-31 CN¥14.92 Billion +37.51%
2016-12-31 CN¥10.85 Billion +14.23%
2015-12-31 CN¥9.50 Billion +11.44%
2014-12-31 CN¥8.52 Billion +32.77%
2013-12-31 CN¥6.42 Billion +22.70%
2012-12-31 CN¥5.23 Billion +140.73%
2011-12-31 CN¥2.17 Billion +27.11%
2010-12-31 CN¥1.71 Billion +82.48%
2009-12-31 CN¥936.88 Million +7.12%
2008-12-31 CN¥874.59 Million +379.65%
2007-12-31 CN¥182.34 Million +25.92%
2006-12-31 CN¥144.81 Million +91.78%
2005-12-31 CN¥75.51 Million --

Equity Component Analysis

This analysis shows how different components contribute to Goertek Inc'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 43693.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥18.71 Billion 56.39%
Common Stock CN¥3.49 Billion 10.51%
Other Comprehensive Income CN¥1.99 Billion 5.99%
Other Components CN¥9.00 Billion 27.12%
Total Equity CN¥33.19 Billion 100.00%

Goertek Inc Competitors by Market Cap

The table below lists competitors of Goertek Inc ranked by their market capitalization.

Company Market Cap
Cognex Corporation
NASDAQ:CGNX
 		$7.92 Billion
Power Construction Corp of China Ltd
SHG:601669
 		$7.93 Billion
Evolution Mining Ltd
PINK:CAHPF
 		$7.93 Billion
Companhia Paranaense de Energia - COPEL
NYSE:ELPC
 		$7.94 Billion
Trelleborg AB (publ)
PINK:TBABF
 		$7.91 Billion
Fortis Inc. CUM RD 5Y SR G
PINK:FTRSF
 		$7.90 Billion
Eastman Chemical Company
NYSE:EMN
 		$7.90 Billion
Invesco Plc
NYSE:IVZ
 		$7.90 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Goertek Inc's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 30,810,590,551 to 33,186,336,000, a change of 2,375,745,449 (7.7%).
  • Net income of 2,665,044,831 contributed positively to equity growth.
  • Dividend payments of 850,462,393 reduced retained earnings.
  • Share repurchases of 497,162,992 reduced equity.
  • Other comprehensive income increased equity by 1,986,524,000.
  • Other factors decreased equity by 928,197,997.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥2.67 Billion +8.03%
Dividends Paid CN¥850.46 Million -2.56%
Share Repurchases CN¥497.16 Million -1.5%
Other Comprehensive Income CN¥1.99 Billion +5.99%
Other Changes CN¥-928.20 Million -2.8%
Total Change CN¥- 7.71%

Book Value vs Market Value Analysis

This analysis compares Goertek Inc'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: 2.56x
  • 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 146.40x to 2.56x 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¥0.17 CN¥24.86 x
2006-12-31 CN¥0.28 CN¥24.86 x
2007-12-31 CN¥0.08 CN¥24.86 x
2008-12-31 CN¥0.35 CN¥24.86 x
2009-12-31 CN¥0.34 CN¥24.86 x
2010-12-31 CN¥0.62 CN¥24.86 x
2011-12-31 CN¥0.77 CN¥24.86 x
2012-12-31 CN¥1.73 CN¥24.86 x
2013-12-31 CN¥2.08 CN¥24.86 x
2014-12-31 CN¥2.74 CN¥24.86 x
2015-12-31 CN¥3.08 CN¥24.86 x
2016-12-31 CN¥3.55 CN¥24.86 x
2017-12-31 CN¥4.73 CN¥24.86 x
2018-12-31 CN¥4.73 CN¥24.86 x
2019-12-31 CN¥5.03 CN¥24.86 x
2020-12-31 CN¥6.14 CN¥24.86 x
2021-12-31 CN¥8.18 CN¥24.86 x
2022-12-31 CN¥8.81 CN¥24.86 x
2023-12-31 CN¥9.06 CN¥24.86 x
2024-12-31 CN¥9.71 CN¥24.86 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Goertek Inc 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): 8.03%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 2.64%
  • • Asset Turnover: 1.22x
  • • Equity Multiplier: 2.49x
  • Recent ROE (8.03%) is below the historical average (16.10%), 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 19.36% 14.20% 0.57x 2.39x CN¥7.07 Million
2006 22.59% 17.72% 0.28x 4.54x CN¥15.94 Million
2007 49.11% 11.95% 0.98x 4.18x CN¥61.38 Million
2008 15.11% 12.11% 0.71x 1.76x CN¥41.46 Million
2009 11.41% 8.86% 0.62x 2.07x CN¥12.34 Million
2010 16.91% 10.45% 0.81x 2.01x CN¥113.00 Million
2011 25.31% 12.95% 0.73x 2.67x CN¥319.41 Million
2012 17.59% 12.51% 0.77x 1.82x CN¥391.38 Million
2013 20.63% 13.00% 0.80x 1.99x CN¥673.15 Million
2014 19.89% 13.05% 0.72x 2.13x CN¥824.29 Million
2015 13.30% 9.16% 0.71x 2.05x CN¥310.63 Million
2016 15.23% 8.56% 0.84x 2.11x CN¥566.97 Million
2017 14.36% 8.38% 0.96x 1.78x CN¥649.76 Million
2018 5.71% 3.65% 0.80x 1.96x CN¥-652.41 Million
2019 7.95% 3.64% 1.01x 2.15x CN¥-330.17 Million
2020 14.49% 4.93% 1.18x 2.50x CN¥882.68 Million
2021 15.64% 5.46% 1.28x 2.24x CN¥1.54 Billion
2022 5.93% 1.67% 1.36x 2.62x CN¥-1.20 Billion
2023 3.53% 1.10% 1.34x 2.39x CN¥-1.99 Billion
2024 8.03% 2.64% 1.22x 2.49x CN¥-653.59 Million

Industry Comparison

This section compares Goertek Inc's net assets metrics with peer companies in the Consumer Electronics industry.

Industry Context

  • Industry: Consumer Electronics
  • Average net assets among peers: $2,496,555,626
  • Average return on equity (ROE) among peers: 17.87%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Goertek Inc (002241) CN¥37.11 Billion 19.36% 1.56x $7.92 Billion
Konka Group Co Ltd (000016) $803.11 Million 33.00% 2.14x $834.83 Million
Tianma Microelectronics Co Ltd (000050) $13.25 Billion 4.19% 0.63x $1.46 Billion
Guangdong Goworld Co Ltd (000823) $189.06 Million 29.67% 0.83x $782.76 Million
Soyea Technology Co Ltd (000909) $619.17 Million 3.70% 3.31x $199.78 Million
Guangdong AVCiT Tech Hldg Co (001229) $332.60 Million 29.11% 0.18x $166.04 Million
Emdoor Information Co. Ltd. A (001314) $183.39 Million 3.34% 1.39x $345.23 Million
Hengdian Group DMEGC Magnetics Co Ltd (002056) $4.74 Billion 14.54% 0.43x $2.26 Billion
Shenzhen Auto Electric Power Plant Co Ltd (002227) $119.38 Million 29.15% 0.90x $150.39 Million
Edifier Technology Co Ltd (002351) $2.23 Billion 14.12% 0.20x $640.66 Million