GEM Co Ltd (002340) - Net Assets
Based on the latest financial reports, GEM Co Ltd (002340) has net assets worth CN¥25.32 Billion CNY (≈ $3.71 Billion 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¥72.26 Billion ≈ $10.57 Billion USD) and total liabilities (CN¥46.94 Billion ≈ $6.87 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 how resilient are GEM Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥25.32 Billion |
| % of Total Assets | 35.04% |
| Annual Growth Rate | 37.64% |
| 5-Year Change | 66.83% |
| 10-Year Change | 246.43% |
| Growth Volatility | 62.69 |
GEM Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how GEM Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore GEM Co Ltd (002340) total assets for the complete picture of this company's asset base.
Annual Net Assets for GEM Co Ltd (2006–2024)
The table below shows the annual net assets of GEM Co Ltd from 2006 to 2024. For live valuation and market cap data, see 002340 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥23.50 Billion ≈ $3.44 Billion |
+8.28% |
| 2023-12-31 | CN¥21.70 Billion ≈ $3.18 Billion |
+3.98% |
| 2022-12-31 | CN¥20.87 Billion ≈ $3.05 Billion |
+31.99% |
| 2021-12-31 | CN¥15.81 Billion ≈ $2.31 Billion |
+12.26% |
| 2020-12-31 | CN¥14.09 Billion ≈ $2.06 Billion |
+27.25% |
| 2019-12-31 | CN¥11.07 Billion ≈ $1.62 Billion |
+8.27% |
| 2018-12-31 | CN¥10.22 Billion ≈ $1.50 Billion |
+29.47% |
| 2017-12-31 | CN¥7.90 Billion ≈ $1.16 Billion |
+9.64% |
| 2016-12-31 | CN¥7.20 Billion ≈ $1.05 Billion |
+6.18% |
| 2015-12-31 | CN¥6.78 Billion ≈ $992.61 Million |
+43.19% |
| 2014-12-31 | CN¥4.74 Billion ≈ $693.22 Million |
+78.60% |
| 2013-12-31 | CN¥2.65 Billion ≈ $388.13 Million |
+6.54% |
| 2012-12-31 | CN¥2.49 Billion ≈ $364.32 Million |
+13.31% |
| 2011-12-31 | CN¥2.20 Billion ≈ $321.54 Million |
+108.35% |
| 2010-12-31 | CN¥1.05 Billion ≈ $154.33 Million |
+272.41% |
| 2009-12-31 | CN¥283.19 Million ≈ $41.44 Million |
+23.01% |
| 2008-12-31 | CN¥230.21 Million ≈ $33.69 Million |
+83.29% |
| 2007-12-31 | CN¥125.60 Million ≈ $18.38 Million |
+68.08% |
| 2006-12-31 | CN¥74.72 Million ≈ $10.93 Million |
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Equity Component Analysis
This analysis shows how different components contribute to GEM 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 168168.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.95 Billion | 30.63% |
| Common Stock | CN¥5.13 Billion | 26.39% |
| Other Comprehensive Income | CN¥-332.00K | 0.00% |
| Other Components | CN¥8.35 Billion | 42.99% |
| Total Equity | CN¥19.43 Billion | 100.00% |
GEM Co Ltd Competitors by Market Cap
The table below lists competitors of GEM Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Phoenix Mills Limited
NSE:PHOENIXLTD
|
$6.83 Billion |
|
Merus BV
NASDAQ:MRUS
|
$6.83 Billion |
|
Silicon Laboratories Inc
NASDAQ:SLAB
|
$6.83 Billion |
|
Beijing Sifang Automation Co Ltd
SHG:601126
|
$6.83 Billion |
|
Elisa Oyj
HE:ELISA
|
$6.82 Billion |
|
DB Insurance Co Ltd
KO:005830
|
$6.82 Billion |
|
Light & Wonder Inc
NASDAQ:LNW
|
$6.82 Billion |
|
Avolta AG
SW:AVOL
|
$6.82 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GEM Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 18,761,531,776 to 19,426,197,000, a change of 664,665,224 (3.5%).
- Net income of 1,020,406,000 contributed positively to equity growth.
- Dividend payments of 1,222,981,734 reduced retained earnings.
- Share repurchases of 18,227,531 reduced equity.
- Other comprehensive income increased equity by 95,638,087.
- Other factors increased equity by 789,830,402.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.02 Billion | +5.25% |
| Dividends Paid | CN¥1.22 Billion | -6.3% |
| Share Repurchases | CN¥18.23 Million | -0.09% |
| Other Comprehensive Income | CN¥95.64 Million | +0.49% |
| Other Changes | CN¥789.83 Million | +4.07% |
| Total Change | CN¥- | 3.54% |
Book Value vs Market Value Analysis
This analysis compares GEM 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: 2.40x
- 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 114.61x to 2.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.08 | CN¥9.14 | x |
| 2007-12-31 | CN¥0.10 | CN¥9.14 | x |
| 2008-12-31 | CN¥0.15 | CN¥9.14 | x |
| 2009-12-31 | CN¥0.18 | CN¥9.14 | x |
| 2010-12-31 | CN¥0.50 | CN¥9.14 | x |
| 2011-12-31 | CN¥0.98 | CN¥9.14 | x |
| 2012-12-31 | CN¥0.88 | CN¥9.14 | x |
| 2013-12-31 | CN¥0.91 | CN¥9.14 | x |
| 2014-12-31 | CN¥1.49 | CN¥9.14 | x |
| 2015-12-31 | CN¥1.96 | CN¥9.14 | x |
| 2016-12-31 | CN¥1.83 | CN¥9.14 | x |
| 2017-12-31 | CN¥1.97 | CN¥9.14 | x |
| 2018-12-31 | CN¥2.57 | CN¥9.14 | x |
| 2019-12-31 | CN¥2.57 | CN¥9.14 | x |
| 2020-12-31 | CN¥2.78 | CN¥9.14 | x |
| 2021-12-31 | CN¥2.97 | CN¥9.14 | x |
| 2022-12-31 | CN¥3.71 | CN¥9.14 | x |
| 2023-12-31 | CN¥3.61 | CN¥9.14 | x |
| 2024-12-31 | CN¥3.81 | CN¥9.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GEM 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): 5.25%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.07%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 3.44x
- Recent ROE (5.25%) is below the historical average (9.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 18.11% | 11.57% | 0.73x | 2.15x | CN¥5.37 Million |
| 2007 | 28.79% | 16.47% | 0.75x | 2.34x | CN¥23.60 Million |
| 2008 | 17.96% | 13.58% | 0.63x | 2.10x | CN¥18.32 Million |
| 2009 | 20.12% | 15.49% | 0.47x | 2.76x | CN¥28.66 Million |
| 2010 | 8.12% | 15.03% | 0.30x | 1.83x | CN¥-19.78 Million |
| 2011 | 5.57% | 13.12% | 0.23x | 1.82x | CN¥-95.76 Million |
| 2012 | 6.05% | 9.49% | 0.22x | 2.86x | CN¥-87.75 Million |
| 2013 | 6.16% | 4.13% | 0.45x | 3.31x | CN¥-89.73 Million |
| 2014 | 4.92% | 5.40% | 0.34x | 2.70x | CN¥-217.87 Million |
| 2015 | 2.35% | 3.01% | 0.32x | 2.43x | CN¥-501.96 Million |
| 2016 | 3.83% | 3.37% | 0.41x | 2.77x | CN¥-424.50 Million |
| 2017 | 8.11% | 5.68% | 0.48x | 2.96x | CN¥-141.89 Million |
| 2018 | 7.39% | 5.26% | 0.56x | 2.53x | CN¥-257.45 Million |
| 2019 | 7.01% | 5.12% | 0.53x | 2.56x | CN¥-313.18 Million |
| 2020 | 3.10% | 3.31% | 0.42x | 2.23x | CN¥-918.46 Million |
| 2021 | 6.49% | 4.78% | 0.56x | 2.42x | CN¥-499.57 Million |
| 2022 | 7.01% | 4.41% | 0.67x | 2.39x | CN¥-552.50 Million |
| 2023 | 4.98% | 3.06% | 0.58x | 2.81x | CN¥-941.67 Million |
| 2024 | 5.25% | 3.07% | 0.50x | 3.44x | CN¥-922.21 Million |
Industry Comparison
This section compares GEM Co Ltd's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $2,745,203,091
- Average return on equity (ROE) among peers: 7.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GEM Co Ltd (002340) | CN¥25.32 Billion | 18.11% | 1.85x | $6.83 Billion |
| China Tianying Inc (000035) | $10.93 Billion | 2.56% | 1.68x | $2.28 Billion |
| HeiLongJiang Kingland Technology Co Ltd (000711) | $359.46 Million | 0.61% | 1.16x | $2.06 Billion |
| BECE Legend Group Co Ltd (000803) | $113.32 Million | -15.77% | 0.88x | $599.78 Million |
| Tus-Sound Environmental Resources Co Ltd (000826) | $1.03 Billion | 10.78% | 1.28x | $408.81 Million |
| Wangneng Environment Co Ltd (002034) | $136.53 Million | 22.69% | 2.13x | $1.11 Billion |
| Beijing Orient Landscape Co Ltd (002310) | $5.72 Billion | 11.32% | 1.28x | $2.69 Billion |
| Dongjiang Environmental Co Ltd (002672) | $4.32 Billion | 10.95% | 1.14x | $585.42 Million |
| Qiaoyin Environmental Tech Co Ltd (002973) | $1.93 Billion | 13.22% | 1.97x | $752.89 Million |
| Tongxing Environmental Protection (003027) | $159.92 Million | 7.49% | 0.83x | $453.74 Million |
About GEM Co Ltd
GEM Co., Ltd. operates in the waste resource comprehensive utilization industry in China and internationally. It offers ternary precursor and cathode materials; cobalt oxide; cobalt products, including powder, flakes, and carbonate; lithium cobaltate; tungsten products, such as ammonium paratungstate, recycled tungsten carbide, tungsten carbide, and tungsten powder; and nickel sulfate. The compan… Read more