GCL System Integration Technology Co Ltd (002506) - Net Assets

Latest as of March 2026: CN¥941.73 Million CNY ≈ $137.80 Million USD

Based on the latest financial reports, GCL System Integration Technology Co Ltd (002506) has net assets worth CN¥941.73 Million CNY (≈ $137.80 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥17.08 Billion ≈ $2.50 Billion USD) and total liabilities (CN¥16.14 Billion ≈ $2.36 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 tangible net worth ratio of GCL System Integration Technology Co Ltd to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥941.73 Million
% of Total Assets	5.51%
Annual Growth Rate	9.59%
5-Year Change	-51.98%
10-Year Change	-73.0%
Growth Volatility	287.2

GCL System Integration Technology Co Ltd - Net Assets Trend (2007–2025)

This chart illustrates how GCL System Integration Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002506 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for GCL System Integration Technology Co Ltd (2007–2025)

The table below shows the annual net assets of GCL System Integration Technology Co Ltd from 2007 to 2025. For live valuation and market cap data, see GCL System Integration Technology Co Ltd (002506) market capitalisation.

Year	Net Assets	Change
2025-12-31	CN¥1.13 Billion ≈ $165.29 Million	-52.60%
2024-12-31	CN¥2.38 Billion ≈ $348.72 Million	-1.66%
2023-12-31	CN¥2.42 Billion ≈ $354.60 Million	+6.92%
2022-12-31	CN¥2.27 Billion ≈ $331.65 Million	-3.65%
2021-12-31	CN¥2.35 Billion ≈ $344.21 Million	-45.50%
2020-12-31	CN¥4.32 Billion ≈ $631.52 Million	-2.85%
2019-12-31	CN¥4.44 Billion ≈ $650.06 Million	+3.82%
2018-12-31	CN¥4.28 Billion ≈ $626.15 Million	+1.80%
2017-12-31	CN¥4.20 Billion ≈ $615.06 Million	+0.46%
2016-12-31	CN¥4.18 Billion ≈ $612.26 Million	+16.78%
2015-12-31	CN¥3.58 Billion ≈ $524.28 Million	+1005.93%
2014-12-31	CN¥323.97 Million ≈ $47.41 Million	+107.17%
2013-12-31	CN¥-4.52 Billion ≈ $-661.25 Million	-475.33%
2012-12-31	CN¥1.20 Billion ≈ $176.18 Million	-60.25%
2011-12-31	CN¥3.03 Billion ≈ $443.24 Million	-1.27%
2010-12-31	CN¥3.07 Billion ≈ $448.95 Million	+449.18%
2009-12-31	CN¥558.66 Million ≈ $81.75 Million	+84.17%
2008-12-31	CN¥303.33 Million ≈ $44.39 Million	+39.65%
2007-12-31	CN¥217.20 Million ≈ $31.78 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 16654.5% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	CN¥10.13 Billion	896.97%
Total Equity	CN¥1.13 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
VGP NV BR:VGP	$2.63 Billion
Gerdau S.A SA:GGBR3	$2.63 Billion
Pan African Resources PLC JSE:PAN	$2.63 Billion
TP ICAP GROUP PLC LS -25 F:8D7	$2.63 Billion
ZIM Integrated Shipping Services Ltd. F:2SV	$2.63 Billion
Joincare Pharmaceutical Group Industry Co Ltd SHG:600380	$2.63 Billion
Aerospace Auto SHG:600151	$2.63 Billion
HEXPOL AB (publ) ST:HPOL-B	$2.63 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 2024 to 2025, total equity changed from 2,383,126,603 to 1,129,307,291, a change of -1,253,819,312 (-52.6%).
Net loss of 1,166,069,782 reduced equity.
Dividend payments of 183,296,646 reduced retained earnings.
Other factors increased equity by 95,547,117.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-1.17 Billion	-103.26%
Dividends Paid	CN¥183.30 Million	-16.23%
Other Changes	CN¥95.55 Million	+8.46%
Total Change	CN¥-	-52.61%

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: 15.90x
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 increased from 9.43x to 15.90x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2007-12-31	CN¥0.33	CN¥3.07	x
2008-12-31	CN¥0.28	CN¥3.07	x
2009-12-31	CN¥0.41	CN¥3.07	x
2010-12-31	CN¥2.44	CN¥3.07	x
2011-12-31	CN¥1.81	CN¥3.07	x
2012-12-31	CN¥0.44	CN¥3.07	x
2013-12-31	CN¥-1.72	CN¥3.07	x
2014-12-31	CN¥0.13	CN¥3.07	x
2015-12-31	CN¥1.40	CN¥3.07	x
2016-12-31	CN¥0.78	CN¥3.07	x
2017-12-31	CN¥0.87	CN¥3.07	x
2018-12-31	CN¥0.85	CN¥3.07	x
2019-12-31	CN¥0.87	CN¥3.07	x
2020-12-31	CN¥0.84	CN¥3.07	x
2021-12-31	CN¥0.39	CN¥3.07	x
2022-12-31	CN¥0.38	CN¥3.07	x
2023-12-31	CN¥0.42	CN¥3.07	x
2024-12-31	CN¥0.42	CN¥3.07	x
2025-12-31	CN¥0.19	CN¥3.07	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): -103.26%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -7.60%
• Asset Turnover: 0.84x
• Equity Multiplier: 16.22x
Recent ROE (-103.26%) is below the historical average (29.70%), 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	-1.93%	-2.29%	0.33x	2.54x	CN¥-338.80 Million
2012	-149.05%	-101.86%	0.21x	7.00x	CN¥-1.78 Billion
2013	0.00%	-788.03%	0.24x	0.00x	CN¥-4.17 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	4.44x	CN¥-378.99 Million
2019	1.27%	0.64%	0.54x	3.65x	CN¥-383.54 Million
2020	-62.09%	-44.29%	0.43x	3.27x	CN¥-3.06 Billion
2021	-87.69%	-42.18%	0.51x	4.11x	CN¥-2.21 Billion
2022	2.87%	0.78%	0.82x	4.52x	CN¥-161.53 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
2025	-103.26%	-7.60%	0.84x	16.22x	CN¥-1.28 Billion

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: $1,913,468,955
Average return on equity (ROE) among peers: 9.83%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
GCL System Integration Technology Co Ltd (002506)	CN¥941.73 Million	38.20%	17.14x	$2.63 Billion
Shenzhen Topraysolar Co Ltd (002218)	$194.79 Million	35.59%	0.15x	$845.69 Million
JA Solar Technology Co Ltd (002459)	$321.18 Million	25.42%	2.92x	$4.03 Billion
Changzhou Almaden Co Ltd (002623)	$2.17 Billion	0.89%	0.98x	$492.86 Million
Hainan Drinda Automotive Trim Co Ltd (002865)	$844.91 Million	7.98%	1.03x	$2.14 Billion
Henan Yicheng New Energy Co Ltd (300080)	$5.27 Billion	-0.98%	0.78x	$1.04 Billion
Gansu Golden Glass Technologies Co Ltd (300093)	$849.83 Million	3.21%	0.41x	$731.72 Million
Risen Energy (300118)	$3.96 Billion	17.41%	1.52x	$2.22 Billion
Lingda Group Co Ltd (300125)	$1.05 Billion	-5.91%	0.65x	$968.50 Million
Jolywood Suzhou Sunwatt Co Ltd (300393)	$2.57 Billion	4.90%	1.34x	$1.26 Billion

About GCL System Integration Technology Co Ltd

SHE:002506 China Solar

Market Cap

$2.63 Billion

CN¥17.96 Billion CNY

Market Cap Rank

#5435 Global

#1062 in China

Share Price

CN¥3.07

Change (1 day)

-4.36%

52-Week Range

CN¥2.43 - CN¥6.07

All Time High

CN¥14.89