GCL System Integration Technology Co Ltd
GCL System Integration Technology Co., Ltd. provides comprehensive energy systems in China and internationally. It offers PV modules, utility scale ESS, and utility EMS modules; and residential, C and I, utility, and inverter energy storage products. The company also provides liquid cooling C and I ESS and EMS; and residential solutions, which include energy storage, mounting system, inverter, an… Read more
GCL System Integration Technology Co Ltd (002506) - Net Assets
Latest net assets as of September 2025: CN¥1.78 Billion CNY
Based on the latest financial reports, GCL System Integration Technology Co Ltd (002506) has net assets worth CN¥1.78 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¥19.27 Billion) and total liabilities (CN¥17.49 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¥1.78 Billion |
| % of Total Assets | 9.24% |
| Annual Growth Rate | 15.13% |
| 5-Year Change | -44.78% |
| 10-Year Change | -33.49% |
| Growth Volatility | 265.34 |
GCL System Integration Technology Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how GCL System Integration Technology 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 GCL System Integration Technology Co Ltd (2007–2024)
The table below shows the annual net assets of GCL System Integration Technology Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.38 Billion | -1.66% |
| 2023-12-31 | CN¥2.42 Billion | +7.43% |
| 2022-12-31 | CN¥2.26 Billion | -4.11% |
| 2021-12-31 | CN¥2.35 Billion | -45.50% |
| 2020-12-31 | CN¥4.32 Billion | -2.85% |
| 2019-12-31 | CN¥4.44 Billion | +3.61% |
| 2018-12-31 | CN¥4.29 Billion | +2.01% |
| 2017-12-31 | CN¥4.20 Billion | +0.46% |
| 2016-12-31 | CN¥4.18 Billion | +16.78% |
| 2015-12-31 | CN¥3.58 Billion | +1005.93% |
| 2014-12-31 | CN¥323.97 Million | +216.49% |
| 2013-12-31 | CN¥-278.10 Million | -123.25% |
| 2012-12-31 | CN¥1.20 Billion | -58.96% |
| 2011-12-31 | CN¥2.91 Billion | -4.99% |
| 2010-12-31 | CN¥3.07 Billion | +449.18% |
| 2009-12-31 | CN¥558.66 Million | +84.17% |
| 2008-12-31 | CN¥303.33 Million | +39.65% |
| 2007-12-31 | CN¥217.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to GCL System Integration Technology 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 decreased by 14509.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥5.85 Billion | 245.49% |
| Other Components | CN¥4.37 Billion | 183.25% |
| Total Equity | CN¥2.38 Billion | 100.00% |
GCL System Integration Technology Co Ltd Competitors by Market Cap
The table below lists competitors of GCL System Integration Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Washington Federal Inc
NASDAQ:WAFD
|
$2.32 Billion |
|
China Oilfield Services Limited
F:CO9
|
$2.32 Billion |
|
China Eastern Airlines Corporation Limited
PINK:CHEAF
|
$2.32 Billion |
|
Bethel Automotive Safety Systems Co Ltd Class A
SHG:603596
|
$2.33 Billion |
|
Chorus Limited
PINK:CHRUF
|
$2.32 Billion |
|
Leyard Optoelectronic
SHE:300296
|
$2.32 Billion |
|
Offcn Education Technology Co Ltd
SHE:002607
|
$2.32 Billion |
|
Imeik Technology Development Co
SHE:300896
|
$2.32 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GCL System Integration Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,424,247,574 to 2,383,126,603, a change of -41,120,971 (-1.7%).
- Net income of 68,294,017 contributed positively to equity growth.
- Dividend payments of 58,603,076 reduced retained earnings.
- Share repurchases of 35,012,726 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥68.29 Million | +2.87% |
| Dividends Paid | CN¥58.60 Million | -2.46% |
| Share Repurchases | CN¥35.01 Million | -1.47% |
| Other Changes | CN¥-15.80 Million | -0.66% |
| Total Change | CN¥- | -1.70% |
Book Value vs Market Value Analysis
This analysis compares GCL System Integration Technology 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: 13.45x
- 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 17.30x to 13.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.33 | CN¥5.63 | x |
| 2008-12-31 | CN¥0.28 | CN¥5.63 | x |
| 2009-12-31 | CN¥0.41 | CN¥5.63 | x |
| 2010-12-31 | CN¥2.44 | CN¥5.63 | x |
| 2011-12-31 | CN¥1.85 | CN¥5.63 | x |
| 2012-12-31 | CN¥0.44 | CN¥5.63 | x |
| 2013-12-31 | CN¥-0.13 | CN¥5.63 | x |
| 2014-12-31 | CN¥0.13 | CN¥5.63 | x |
| 2015-12-31 | CN¥1.40 | CN¥5.63 | x |
| 2016-12-31 | CN¥0.78 | CN¥5.63 | x |
| 2017-12-31 | CN¥0.87 | CN¥5.63 | x |
| 2018-12-31 | CN¥0.85 | CN¥5.63 | x |
| 2019-12-31 | CN¥0.87 | CN¥5.63 | x |
| 2020-12-31 | CN¥0.84 | CN¥5.63 | x |
| 2021-12-31 | CN¥0.39 | CN¥5.63 | x |
| 2022-12-31 | CN¥0.39 | CN¥5.63 | x |
| 2023-12-31 | CN¥0.42 | CN¥5.63 | x |
| 2024-12-31 | CN¥0.42 | CN¥5.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GCL System Integration Technology 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): 2.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.42%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 8.06x
- Recent ROE (2.87%) is below the historical average (36.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 38.20% | 11.48% | 1.83x | 1.82x | CN¥61.24 Million |
| 2008 | 28.39% | 6.78% | 1.86x | 2.25x | CN¥55.80 Million |
| 2009 | 30.45% | 12.90% | 1.04x | 2.26x | CN¥114.17 Million |
| 2010 | 7.19% | 8.20% | 0.60x | 1.46x | CN¥-86.02 Million |
| 2011 | -3.80% | -3.31% | 0.50x | 2.30x | CN¥-400.75 Million |
| 2012 | -150.08% | -101.86% | 0.22x | 6.81x | CN¥-1.78 Billion |
| 2013 | 0.00% | -788.03% | 0.09x | 0.00x | CN¥-4.57 Billion |
| 2014 | 831.67% | 99.82% | 0.87x | 9.59x | CN¥2.66 Billion |
| 2015 | 17.84% | 10.16% | 0.42x | 4.13x | CN¥280.65 Million |
| 2016 | -0.65% | -0.22% | 0.59x | 4.87x | CN¥-444.12 Million |
| 2017 | 0.57% | 0.17% | 0.71x | 4.87x | CN¥-393.51 Million |
| 2018 | 1.06% | 0.40% | 0.59x | 4.43x | CN¥-379.74 Million |
| 2019 | 1.27% | 0.64% | 0.54x | 3.65x | CN¥-383.54 Million |
| 2020 | -62.09% | -44.29% | 0.43x | 3.25x | CN¥-3.06 Billion |
| 2021 | -87.69% | -42.18% | 0.51x | 4.11x | CN¥-2.21 Billion |
| 2022 | 2.89% | 0.78% | 0.82x | 4.51x | CN¥-160.45 Million |
| 2023 | 6.51% | 0.99% | 0.84x | 7.88x | CN¥-84.71 Million |
| 2024 | 2.87% | 0.42% | 0.85x | 8.06x | CN¥-170.02 Million |
Industry Comparison
This section compares GCL System Integration Technology Co Ltd's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $4,667,810,161
- Average return on equity (ROE) among peers: 5.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GCL System Integration Technology Co Ltd (002506) | CN¥1.78 Billion | 38.20% | 9.83x | $2.32 Billion |
| Shenzhen Topraysolar Co Ltd (002218) | $704.57 Million | 4.73% | 0.28x | $670.55 Million |
| JA Solar Technology Co Ltd (002459) | $30.16 Billion | 18.35% | 1.40x | $2.78 Billion |
| Changzhou Almaden Co Ltd (002623) | $40.18 Million | 14.90% | 1.71x | $313.43 Million |
| Hainan Drinda Automotive Trim Co Ltd (002865) | $503.78 Million | 9.15% | 1.26x | $2.32 Billion |
| Henan Yicheng New Energy Co Ltd (300080) | $3.27 Billion | 0.58% | 0.91x | $1.28 Billion |
| Gansu Golden Glass Technologies Co Ltd (300093) | $507.06 Million | -25.83% | 0.95x | $512.56 Million |
| Risen Energy (300118) | $3.14 Billion | 10.27% | 1.70x | $2.05 Billion |
| Lingda Group Co Ltd (300125) | $1.03 Billion | 6.42% | 0.30x | $258.47 Million |
| Jolywood Suzhou Sunwatt Co Ltd (300393) | $2.65 Billion | 9.75% | 1.34x | $1.13 Billion |