Guangdong Vanward New Electric Co Ltd (002543) - Net Assets
Based on the latest financial reports, Guangdong Vanward New Electric Co Ltd (002543) has net assets worth CN¥4.83 Billion CNY (≈ $706.97 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¥8.41 Billion ≈ $1.23 Billion USD) and total liabilities (CN¥3.58 Billion ≈ $523.39 Million 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. Also explore Guangdong Vanward New Electric Co Ltd (002543) total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.83 Billion |
| % of Total Assets | 57.46% |
| Annual Growth Rate | 21.95% |
| 5-Year Change | 19.8% |
| 10-Year Change | 64.37% |
| Growth Volatility | 61.59 |
Guangdong Vanward New Electric Co Ltd - Net Assets Trend (2007–2025)
This chart illustrates how Guangdong Vanward New Electric Co Ltd's net assets have evolved over time, based on quarterly financial data. Check tangible net worth ratio of Guangdong Vanward New Electric Co Ltd to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Guangdong Vanward New Electric Co Ltd (2007–2025)
The table below shows the annual net assets of Guangdong Vanward New Electric Co Ltd from 2007 to 2025. For live valuation and market cap data, see Guangdong Vanward New Electric Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥4.80 Billion ≈ $703.07 Million |
+1.07% |
| 2024-12-31 | CN¥4.75 Billion ≈ $695.63 Million |
+3.28% |
| 2023-12-31 | CN¥4.60 Billion ≈ $673.54 Million |
+6.60% |
| 2022-12-31 | CN¥4.32 Billion ≈ $631.87 Million |
+7.66% |
| 2021-12-31 | CN¥4.01 Billion ≈ $586.88 Million |
-1.47% |
| 2020-12-31 | CN¥4.07 Billion ≈ $595.63 Million |
+4.10% |
| 2019-12-31 | CN¥3.91 Billion ≈ $572.17 Million |
+13.44% |
| 2018-12-31 | CN¥3.45 Billion ≈ $504.38 Million |
+8.54% |
| 2017-12-31 | CN¥3.18 Billion ≈ $464.69 Million |
+8.64% |
| 2016-12-31 | CN¥2.92 Billion ≈ $427.74 Million |
+3.62% |
| 2015-12-31 | CN¥2.82 Billion ≈ $412.82 Million |
+9.33% |
| 2014-12-31 | CN¥2.58 Billion ≈ $377.60 Million |
+1.79% |
| 2013-12-31 | CN¥2.54 Billion ≈ $370.97 Million |
+8.00% |
| 2012-12-31 | CN¥2.35 Billion ≈ $343.50 Million |
+7.35% |
| 2011-12-31 | CN¥2.19 Billion ≈ $319.99 Million |
+262.33% |
| 2010-12-31 | CN¥603.52 Million ≈ $88.31 Million |
+48.65% |
| 2009-12-31 | CN¥406.01 Million ≈ $59.41 Million |
+48.57% |
| 2008-12-31 | CN¥273.28 Million ≈ $39.99 Million |
+102.44% |
| 2007-12-31 | CN¥134.99 Million ≈ $19.75 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 16343.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.93 Billion | 61.00% |
| Other Components | CN¥1.87 Billion | 39.00% |
| Total Equity | CN¥4.80 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 |
|---|---|
|
Nuh Cimento Sanayi AS
IS:NUHCM
|
$729.06 Million |
|
MCCORMICK+CO.INC. DL-01
F:MCX0
|
$729.26 Million |
|
Andlauer Healthcare Gr
TO:AND
|
$729.37 Million |
|
Tropicana Corporation Bhd
KLSE:5401
|
$729.43 Million |
|
Great Southern Bancorp Inc
NASDAQ:GSBC
|
$728.75 Million |
|
Hankuk Carbon
KO:017960
|
$728.75 Million |
|
Thermador Groupe SA
PA:THEP
|
$728.15 Million |
|
Nanjing Kangni Mechanical & Electrical Co Ltd
SHG:603111
|
$727.84 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 2024 to 2025, total equity changed from 4,753,796,753 to 4,804,670,512, a change of 50,873,759 (1.1%).
- Net income of 215,663,660 contributed positively to equity growth.
- Dividend payments of 211,697,590 reduced retained earnings.
- Other comprehensive income decreased equity by 232,561,948.
- Other factors increased equity by 279,469,637.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥215.66 Million | +4.49% |
| Dividends Paid | CN¥211.70 Million | -4.41% |
| Other Comprehensive Income | CN¥-232.56 Million | -4.84% |
| Other Changes | CN¥279.47 Million | +5.82% |
| Total Change | CN¥- | 1.07% |
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: 1.04x
- 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 16.05x to 1.04x 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¥6.70 | x |
| 2008-12-31 | CN¥0.72 | CN¥6.70 | x |
| 2009-12-31 | CN¥0.71 | CN¥6.70 | x |
| 2010-12-31 | CN¥1.04 | CN¥6.70 | x |
| 2011-12-31 | CN¥2.95 | CN¥6.70 | x |
| 2012-12-31 | CN¥3.11 | CN¥6.70 | x |
| 2013-12-31 | CN¥3.36 | CN¥6.70 | x |
| 2014-12-31 | CN¥3.47 | CN¥6.70 | x |
| 2015-12-31 | CN¥3.79 | CN¥6.70 | x |
| 2016-12-31 | CN¥3.93 | CN¥6.70 | x |
| 2017-12-31 | CN¥4.04 | CN¥6.70 | x |
| 2018-12-31 | CN¥4.43 | CN¥6.70 | x |
| 2019-12-31 | CN¥5.02 | CN¥6.70 | x |
| 2020-12-31 | CN¥5.47 | CN¥6.70 | x |
| 2021-12-31 | CN¥5.39 | CN¥6.70 | x |
| 2022-12-31 | CN¥5.81 | CN¥6.70 | x |
| 2023-12-31 | CN¥6.07 | CN¥6.70 | x |
| 2024-12-31 | CN¥6.36 | CN¥6.70 | x |
| 2025-12-31 | CN¥6.46 | CN¥6.70 | 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): 4.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.98%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 1.69x
- Recent ROE (4.49%) is below the historical average (14.68%), 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 |
| 2025 | 4.49% | 2.98% | 0.89x | 1.69x | CN¥-264.80 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: $10,761,162,402
- Average return on equity (ROE) among peers: 0.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Vanward New Electric Co Ltd (002543) | CN¥4.83 Billion | 18.69% | 0.74x | $729.04 Million |
| Midea Group Co Ltd (000333) | $92.45 Billion | 21.88% | 1.85x | $89.08 Billion |
| Changhong Meiling Co Ltd (000521) | $1.08 Billion | 2.38% | 2.15x | $642.55 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $2.81 Billion | 17.20% | 3.51x | $34.67 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $2.80 Billion | 3.62% | 1.74x | $3.71 Billion |
| Suncha Technology Co Ltd (001211) | $878.22 Million | -1.78% | 0.60x | $198.71 Million |
| Elec-Tech International Co Ltd (002005) | $385.15 Million | -51.74% | 2.21x | $569.29 Million |
| Zhejiang Supor Co Ltd (002032) | $1.81 Billion | 9.51% | 0.31x | $5.11 Billion |
| Vatti Corp Ltd (002035) | $3.40 Billion | 4.20% | 0.97x | $601.59 Million |
| CNlight Co Ltd (002076) | $405.27 Million | 3.98% | 0.40x | $313.24 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $1.59 Billion | -7.77% | 1.20x | $329.94 Million |
About 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.