Guangdong Vanward New Electric Co Ltd
Guangdong Vanward New Electric Co., Ltd. manufactures household and electrical appliances in China and internationally. It offers gas-fired instant, air source, and electric water heater products, as well as gas-fired water boiler, hobs, ovens, grills, and electric fireplace products. The company was founded in 1993 and is headquartered in Foshan, China.
Guangdong Vanward New Electric Co Ltd (002543) - Net Assets
Latest net assets as of September 2025: CN¥5.06 Billion CNY
Based on the latest financial reports, Guangdong Vanward New Electric Co Ltd (002543) has net assets worth CN¥5.06 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¥8.42 Billion) and total liabilities (CN¥3.36 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¥5.06 Billion |
| % of Total Assets | 60.1% |
| Annual Growth Rate | 23.3% |
| 5-Year Change | 16.79% |
| 10-Year Change | 68.51% |
| Growth Volatility | 62.96 |
Guangdong Vanward New Electric Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Guangdong Vanward New Electric 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 Guangdong Vanward New Electric Co Ltd (2007–2024)
The table below shows the annual net assets of Guangdong Vanward New Electric Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.75 Billion | +3.28% |
| 2023-12-31 | CN¥4.60 Billion | +6.60% |
| 2022-12-31 | CN¥4.32 Billion | +7.66% |
| 2021-12-31 | CN¥4.01 Billion | -1.47% |
| 2020-12-31 | CN¥4.07 Billion | +4.10% |
| 2019-12-31 | CN¥3.91 Billion | +13.44% |
| 2018-12-31 | CN¥3.45 Billion | +8.54% |
| 2017-12-31 | CN¥3.18 Billion | +8.64% |
| 2016-12-31 | CN¥2.92 Billion | +3.62% |
| 2015-12-31 | CN¥2.82 Billion | +9.33% |
| 2014-12-31 | CN¥2.58 Billion | +1.79% |
| 2013-12-31 | CN¥2.54 Billion | +8.00% |
| 2012-12-31 | CN¥2.35 Billion | +7.35% |
| 2011-12-31 | CN¥2.19 Billion | +262.33% |
| 2010-12-31 | CN¥603.52 Million | +48.65% |
| 2009-12-31 | CN¥406.01 Million | +48.57% |
| 2008-12-31 | CN¥273.28 Million | +102.44% |
| 2007-12-31 | CN¥134.99 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Guangdong Vanward New Electric 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 16215.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.91 Billion | 61.17% |
| Common Stock | CN¥743.60 Million | 15.64% |
| Other Comprehensive Income | CN¥232.56 Million | 4.89% |
| Other Components | CN¥869.72 Million | 18.30% |
| Total Equity | CN¥4.75 Billion | 100.00% |
Guangdong Vanward New Electric Co Ltd Competitors by Market Cap
The table below lists competitors of Guangdong Vanward New Electric Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guolin Environmental Tech Co Ltd
SHE:300786
|
$271.10 Million |
|
Quadient SA
PA:QDT
|
$271.17 Million |
|
Ningbo Xianfeng New Material
SHE:300163
|
$271.18 Million |
|
Sejin Heavy Industries Co Ltd
KO:075580
|
$271.25 Million |
|
Zbom Cabinets Co Ltd
SHG:603801
|
$270.90 Million |
|
Lineage Cell Therapeutics Inc
NYSE MKT:LCTX
|
$270.83 Million |
|
Zhejiang Yilida Ventilator Co Ltd
SHE:002686
|
$270.76 Million |
|
FIRM CAP.MORT.INV.CORP.
F:74X
|
$270.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Vanward New Electric Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,539,449,379 to 4,753,796,753, a change of 214,347,374 (4.7%).
- Net income of 657,625,486 contributed positively to equity growth.
- Dividend payments of 477,020,759 reduced retained earnings.
- Share repurchases of 1,198,729 reduced equity.
- Other comprehensive income increased equity by 367,641,514.
- Other factors decreased equity by 332,700,138.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥657.63 Million | +13.83% |
| Dividends Paid | CN¥477.02 Million | -10.03% |
| Share Repurchases | CN¥1.20 Million | -0.03% |
| Other Comprehensive Income | CN¥367.64 Million | +7.73% |
| Other Changes | CN¥-332.70 Million | -7.0% |
| Total Change | CN¥- | 4.72% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Vanward New Electric 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: 1.46x
- 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 22.30x to 1.46x 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¥0.42 | CN¥9.31 | x |
| 2008-12-31 | CN¥0.72 | CN¥9.31 | x |
| 2009-12-31 | CN¥0.71 | CN¥9.31 | x |
| 2010-12-31 | CN¥1.04 | CN¥9.31 | x |
| 2011-12-31 | CN¥2.95 | CN¥9.31 | x |
| 2012-12-31 | CN¥3.11 | CN¥9.31 | x |
| 2013-12-31 | CN¥3.36 | CN¥9.31 | x |
| 2014-12-31 | CN¥3.47 | CN¥9.31 | x |
| 2015-12-31 | CN¥3.79 | CN¥9.31 | x |
| 2016-12-31 | CN¥3.93 | CN¥9.31 | x |
| 2017-12-31 | CN¥4.04 | CN¥9.31 | x |
| 2018-12-31 | CN¥4.43 | CN¥9.31 | x |
| 2019-12-31 | CN¥5.02 | CN¥9.31 | x |
| 2020-12-31 | CN¥5.47 | CN¥9.31 | x |
| 2021-12-31 | CN¥5.39 | CN¥9.31 | x |
| 2022-12-31 | CN¥5.81 | CN¥9.31 | x |
| 2023-12-31 | CN¥6.07 | CN¥9.31 | x |
| 2024-12-31 | CN¥6.36 | CN¥9.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Vanward New Electric 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): 13.83%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.96%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 1.85x
- Recent ROE (13.83%) is below the historical average (15.25%), 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 | 18.69% | 1.89% | 1.42x | 6.96x | CN¥11.53 Million |
| 2008 | 18.73% | 3.25% | 1.56x | 3.68x | CN¥23.35 Million |
| 2009 | 31.99% | 7.26% | 1.58x | 2.79x | CN¥86.47 Million |
| 2010 | 32.13% | 8.11% | 1.76x | 2.25x | CN¥128.02 Million |
| 2011 | 9.49% | 7.77% | 0.95x | 1.28x | CN¥-11.06 Million |
| 2012 | 9.38% | 7.12% | 0.97x | 1.35x | CN¥-14.28 Million |
| 2013 | 9.92% | 6.71% | 1.04x | 1.42x | CN¥-2.03 Million |
| 2014 | 10.34% | 6.71% | 1.06x | 1.46x | CN¥8.84 Million |
| 2015 | 11.31% | 7.61% | 0.99x | 1.51x | CN¥37.05 Million |
| 2016 | 14.75% | 8.69% | 0.97x | 1.74x | CN¥138.82 Million |
| 2017 | 13.71% | 6.33% | 1.00x | 2.16x | CN¥111.83 Million |
| 2018 | 14.88% | 7.07% | 1.02x | 2.07x | CN¥160.44 Million |
| 2019 | 16.02% | 9.62% | 0.89x | 1.87x | CN¥224.86 Million |
| 2020 | 15.04% | 9.75% | 0.80x | 1.92x | CN¥204.89 Million |
| 2021 | 8.94% | 4.76% | 0.93x | 2.03x | CN¥-42.62 Million |
| 2022 | 12.74% | 8.30% | 0.96x | 1.60x | CN¥118.23 Million |
| 2023 | 12.52% | 9.31% | 0.73x | 1.85x | CN¥114.29 Million |
| 2024 | 13.83% | 8.96% | 0.84x | 1.85x | CN¥182.25 Million |
Industry Comparison
This section compares Guangdong Vanward New Electric Co Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $21,724,256,275
- Average return on equity (ROE) among peers: 12.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Vanward New Electric Co Ltd (002543) | CN¥5.06 Billion | 18.69% | 0.66x | $271.03 Million |
| Midea Group Co Ltd (000333) | $174.30 Billion | 19.35% | 1.79x | $52.26 Billion |
| Gree Electric Appliances Inc of Zhuhai (000651) | $18.38 Billion | 28.50% | 3.64x | $20.32 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $4.47 Billion | 12.97% | 2.19x | $1.73 Billion |
| Suncha Technology Co Ltd (001211) | $871.29 Million | 3.26% | 1.13x | $140.14 Million |
| Beijing Liven Technology Co. Ltd. (001259) | $147.07 Million | 8.03% | 1.46x | $103.19 Million |
| De Rucci Healthy Sleep Co. Ltd. (001323) | $4.36 Billion | 16.25% | 0.33x | $252.27 Million |
| Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) | $1.41 Billion | 7.18% | 0.18x | $107.70 Million |
| Hefei Snowky Elec Co Ltd (001387) | $243.27 Million | 1.71% | 3.79x | $137.43 Million |
| Elec-Tech International Co Ltd (002005) | $5.99 Billion | 0.33% | 1.24x | $402.60 Million |
| Zhejiang Supor Co Ltd (002032) | $7.07 Billion | 29.23% | 0.83x | $795.41 Million |