Goldcup Electric Apparatus Co Ltd (002533) - Net Assets
Based on the latest financial reports, Goldcup Electric Apparatus Co Ltd (002533) has net assets worth CN¥4.81 Billion CNY (≈ $703.97 Million 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¥11.90 Billion ≈ $1.74 Billion USD) and total liabilities (CN¥7.09 Billion ≈ $1.04 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 Goldcup Electric Apparatus Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.81 Billion |
| % of Total Assets | 40.42% |
| Annual Growth Rate | 18.06% |
| 5-Year Change | 22.08% |
| 10-Year Change | 95.84% |
| Growth Volatility | 50.17 |
Goldcup Electric Apparatus Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Goldcup Electric Apparatus Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Goldcup Electric Apparatus Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Goldcup Electric Apparatus Co Ltd (2007–2024)
The table below shows the annual net assets of Goldcup Electric Apparatus Co Ltd from 2007 to 2024. For live valuation and market cap data, see Goldcup Electric Apparatus Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.36 Billion ≈ $638.61 Million |
+1.85% |
| 2023-12-31 | CN¥4.28 Billion ≈ $627.03 Million |
+7.84% |
| 2022-12-31 | CN¥3.97 Billion ≈ $581.43 Million |
+6.11% |
| 2021-12-31 | CN¥3.74 Billion ≈ $547.95 Million |
+4.75% |
| 2020-12-31 | CN¥3.57 Billion ≈ $523.11 Million |
+36.63% |
| 2019-12-31 | CN¥2.62 Billion ≈ $382.86 Million |
+2.24% |
| 2018-12-31 | CN¥2.56 Billion ≈ $374.47 Million |
+1.65% |
| 2017-12-31 | CN¥2.52 Billion ≈ $368.37 Million |
+3.47% |
| 2016-12-31 | CN¥2.43 Billion ≈ $356.03 Million |
+9.18% |
| 2015-12-31 | CN¥2.23 Billion ≈ $326.08 Million |
+4.22% |
| 2014-12-31 | CN¥2.14 Billion ≈ $312.89 Million |
+7.02% |
| 2013-12-31 | CN¥2.00 Billion ≈ $292.37 Million |
+3.90% |
| 2012-12-31 | CN¥1.92 Billion ≈ $281.40 Million |
+11.77% |
| 2011-12-31 | CN¥1.72 Billion ≈ $251.76 Million |
+1.51% |
| 2010-12-31 | CN¥1.69 Billion ≈ $248.02 Million |
+214.88% |
| 2009-12-31 | CN¥538.27 Million ≈ $78.77 Million |
+61.18% |
| 2008-12-31 | CN¥333.95 Million ≈ $48.87 Million |
+28.73% |
| 2007-12-31 | CN¥259.42 Million ≈ $37.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Goldcup Electric Apparatus 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 2009.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.59 Billion | 40.37% |
| Common Stock | CN¥733.94 Million | 18.64% |
| Other Components | CN¥1.61 Billion | 40.99% |
| Total Equity | CN¥3.94 Billion | 100.00% |
Goldcup Electric Apparatus Co Ltd Competitors by Market Cap
The table below lists competitors of Goldcup Electric Apparatus Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EmbedWay Tech(Shanghai)Corp
SHG:603496
|
$1.43 Billion |
|
General American Investors Closed Fund
NYSE:GAM
|
$1.43 Billion |
|
Bomin Electronics Co Ltd
SHG:603936
|
$1.43 Billion |
|
INOX India Limited
NSE:INOXINDIA
|
$1.43 Billion |
|
Kinco Automation (Shanghai) Co. Ltd. A
SHG:688160
|
$1.43 Billion |
|
Qingdao Yunlu Advanced Materials Technology Co. Ltd. A
SHG:688190
|
$1.43 Billion |
|
Jiangsu Shagang Co Ltd
SHE:002075
|
$1.43 Billion |
|
Shenzhen Qingyi Photomask Ltd
SHG:688138
|
$1.43 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Goldcup Electric Apparatus Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,872,488,359 to 3,937,203,993, a change of 64,715,634 (1.7%).
- Net income of 568,679,176 contributed positively to equity growth.
- Dividend payments of 460,815,828 reduced retained earnings.
- Share repurchases of 40,611,762 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥568.68 Million | +14.44% |
| Dividends Paid | CN¥460.82 Million | -11.7% |
| Share Repurchases | CN¥40.61 Million | -1.03% |
| Other Changes | CN¥-2.54 Million | -0.06% |
| Total Change | CN¥- | 1.67% |
Book Value vs Market Value Analysis
This analysis compares Goldcup Electric Apparatus 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: 2.46x
- 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 19.49x to 2.46x 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¥0.68 | CN¥13.30 | x |
| 2008-12-31 | CN¥0.83 | CN¥13.30 | x |
| 2009-12-31 | CN¥1.33 | CN¥13.30 | x |
| 2010-12-31 | CN¥4.19 | CN¥13.30 | x |
| 2011-12-31 | CN¥3.08 | CN¥13.30 | x |
| 2012-12-31 | CN¥3.29 | CN¥13.30 | x |
| 2013-12-31 | CN¥3.38 | CN¥13.30 | x |
| 2014-12-31 | CN¥3.64 | CN¥13.30 | x |
| 2015-12-31 | CN¥3.72 | CN¥13.30 | x |
| 2016-12-31 | CN¥4.06 | CN¥13.30 | x |
| 2017-12-31 | CN¥4.20 | CN¥13.30 | x |
| 2018-12-31 | CN¥4.25 | CN¥13.30 | x |
| 2019-12-31 | CN¥4.48 | CN¥13.30 | x |
| 2020-12-31 | CN¥4.58 | CN¥13.30 | x |
| 2021-12-31 | CN¥5.24 | CN¥13.30 | x |
| 2022-12-31 | CN¥4.94 | CN¥13.30 | x |
| 2023-12-31 | CN¥5.27 | CN¥13.30 | x |
| 2024-12-31 | CN¥5.40 | CN¥13.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goldcup Electric Apparatus 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): 14.44%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.22%
- • Asset Turnover: 1.71x
- • Equity Multiplier: 2.63x
- Recent ROE (14.44%) is above the historical average (10.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 24.92% | 4.64% | 2.06x | 2.60x | CN¥35.19 Million |
| 2008 | 25.92% | 5.87% | 2.09x | 2.11x | CN¥53.04 Million |
| 2009 | 18.84% | 6.81% | 1.51x | 1.83x | CN¥47.30 Million |
| 2010 | 6.74% | 5.89% | 0.83x | 1.38x | CN¥-55.01 Million |
| 2011 | 6.99% | 4.62% | 1.14x | 1.33x | CN¥-49.90 Million |
| 2012 | 6.57% | 4.51% | 1.07x | 1.36x | CN¥-60.61 Million |
| 2013 | 6.24% | 3.78% | 1.15x | 1.44x | CN¥-68.33 Million |
| 2014 | 6.52% | 4.03% | 1.11x | 1.46x | CN¥-68.35 Million |
| 2015 | 7.17% | 4.51% | 1.14x | 1.39x | CN¥-57.62 Million |
| 2016 | 7.59% | 5.41% | 1.00x | 1.40x | CN¥-53.69 Million |
| 2017 | 5.39% | 3.14% | 1.13x | 1.52x | CN¥-106.39 Million |
| 2018 | 5.65% | 2.80% | 1.14x | 1.78x | CN¥-102.00 Million |
| 2019 | 7.95% | 3.38% | 1.27x | 1.86x | CN¥-50.84 Million |
| 2020 | 7.53% | 3.21% | 1.18x | 1.99x | CN¥-82.16 Million |
| 2021 | 9.54% | 2.58% | 1.74x | 2.13x | CN¥-16.00 Million |
| 2022 | 10.24% | 2.81% | 1.73x | 2.11x | CN¥8.71 Million |
| 2023 | 13.50% | 3.42% | 1.71x | 2.31x | CN¥135.55 Million |
| 2024 | 14.44% | 3.22% | 1.71x | 2.63x | CN¥174.96 Million |
Industry Comparison
This section compares Goldcup Electric Apparatus Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $1,164,821,620
- Average return on equity (ROE) among peers: -27.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Goldcup Electric Apparatus Co Ltd (002533) | CN¥4.81 Billion | 24.92% | 1.47x | $1.43 Billion |
| XJ Electric Co Ltd (000400) | $789.62 Million | 13.31% | 0.28x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $3.00 Billion | 13.36% | 0.15x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.32 Billion | 0.16% | 0.16x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $967.32 Million | 3.48% | 4.72x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $141.93 Million | 21.53% | 0.30x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $478.86 Million | 17.57% | 0.71x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $170.82 Million | 5.01% | 0.32x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $3.04 Billion | 19.22% | 1.21x | $9.75 Billion |
About Goldcup Electric Apparatus Co Ltd
Gold cup Electric Apparatus Co.,Ltd. researches, develops, manufactures, and sells flat magnet wires and cables in China and internationally. It offers electrical equipment wire, including non-sheathed and sheathed cable, flexible cable and wire, screened cable, low smoke halogen free flame retardant wire, exquisite flame retardant wire, high-end easy home wire, radiated European standard wire, c… Read more