Goldenmax International Technology Ltd (002636) - Net Assets
Based on the latest financial reports, Goldenmax International Technology Ltd (002636) has net assets worth CN¥3.85 Billion CNY (≈ $563.01 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¥7.07 Billion ≈ $1.03 Billion USD) and total liabilities (CN¥3.22 Billion ≈ $471.79 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. Check 002636 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.85 Billion |
| % of Total Assets | 54.41% |
| Annual Growth Rate | 14.41% |
| 5-Year Change | -0.47% |
| 10-Year Change | 110.54% |
| Growth Volatility | 35.17 |
Goldenmax International Technology Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Goldenmax International Technology Ltd's net assets have evolved over time, based on quarterly financial data. See Goldenmax International Technology Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Goldenmax International Technology Ltd (2008–2025)
The table below shows the annual net assets of Goldenmax International Technology Ltd from 2008 to 2025. For live valuation and market cap data, see 002636 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.65 Billion ≈ $533.72 Million |
+4.30% |
| 2024-12-31 | CN¥3.50 Billion ≈ $511.72 Million |
-1.58% |
| 2023-12-31 | CN¥3.55 Billion ≈ $519.92 Million |
-3.86% |
| 2022-12-31 | CN¥3.70 Billion ≈ $540.82 Million |
+0.85% |
| 2021-12-31 | CN¥3.66 Billion ≈ $536.25 Million |
+25.68% |
| 2020-12-31 | CN¥2.92 Billion ≈ $426.68 Million |
+6.66% |
| 2019-12-31 | CN¥2.73 Billion ≈ $400.04 Million |
+7.25% |
| 2018-12-31 | CN¥2.55 Billion ≈ $373.00 Million |
+14.76% |
| 2017-12-31 | CN¥2.22 Billion ≈ $325.02 Million |
+28.21% |
| 2016-12-31 | CN¥1.73 Billion ≈ $253.50 Million |
+24.63% |
| 2015-12-31 | CN¥1.39 Billion ≈ $203.41 Million |
+4.07% |
| 2014-12-31 | CN¥1.34 Billion ≈ $195.45 Million |
-7.34% |
| 2013-12-31 | CN¥1.44 Billion ≈ $210.94 Million |
+0.56% |
| 2012-12-31 | CN¥1.43 Billion ≈ $209.76 Million |
+3.90% |
| 2011-12-31 | CN¥1.38 Billion ≈ $201.88 Million |
+151.47% |
| 2010-12-31 | CN¥548.62 Million ≈ $80.28 Million |
+26.31% |
| 2009-12-31 | CN¥434.34 Million ≈ $63.56 Million |
+17.42% |
| 2008-12-31 | CN¥369.90 Million ≈ $54.13 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Goldenmax International Technology 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 3949.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.44 Billion | 67.48% |
| Other Components | CN¥1.17 Billion | 32.52% |
| Total Equity | CN¥3.61 Billion | 100.00% |
Goldenmax International Technology Ltd Competitors by Market Cap
The table below lists competitors of Goldenmax International Technology Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fuzhou Rockchip Electronics Co Ltd
SHG:603893
|
$11.13 Billion |
|
Chocoladefabriken Lindt & Spruengli AG Part
SW:LISP
|
$11.14 Billion |
|
Pinnacle West Capital Corp
NYSE:PNW
|
$11.14 Billion |
|
TELECOM ITALIA ADR 1
F:TQIA
|
$11.15 Billion |
|
Smurfit Kappa Group PLC
F:SK3
|
$11.11 Billion |
|
COVESTRO AG SP.ADR 1/2
F:1CO1
|
$11.11 Billion |
|
Covestro AG
XETRA:1COV
|
$11.10 Billion |
|
Hormel Foods Corporation
NYSE:HRL
|
$11.09 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Goldenmax International Technology Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,375,591,000 to 3,612,724,133, a change of 237,133,133 (7.0%).
- Net income of 300,749,327 contributed positively to equity growth.
- Dividend payments of 61,880,016 reduced retained earnings.
- Other comprehensive income decreased equity by 254,738,209.
- Other factors increased equity by 253,002,032.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥300.75 Million | +8.32% |
| Dividends Paid | CN¥61.88 Million | -1.71% |
| Other Comprehensive Income | CN¥-254.74 Million | -7.05% |
| Other Changes | CN¥253.00 Million | +7.0% |
| Total Change | CN¥- | 7.02% |
Book Value vs Market Value Analysis
This analysis compares Goldenmax International Technology 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: 21.04x
- 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 198.31x to 21.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.53 | CN¥104.41 | x |
| 2009-12-31 | CN¥0.64 | CN¥104.41 | x |
| 2010-12-31 | CN¥0.82 | CN¥104.41 | x |
| 2011-12-31 | CN¥2.28 | CN¥104.41 | x |
| 2012-12-31 | CN¥1.75 | CN¥104.41 | x |
| 2013-12-31 | CN¥1.89 | CN¥104.41 | x |
| 2014-12-31 | CN¥1.82 | CN¥104.41 | x |
| 2015-12-31 | CN¥1.90 | CN¥104.41 | x |
| 2016-12-31 | CN¥2.38 | CN¥104.41 | x |
| 2017-12-31 | CN¥3.05 | CN¥104.41 | x |
| 2018-12-31 | CN¥3.45 | CN¥104.41 | x |
| 2019-12-31 | CN¥3.67 | CN¥104.41 | x |
| 2020-12-31 | CN¥3.91 | CN¥104.41 | x |
| 2021-12-31 | CN¥4.80 | CN¥104.41 | x |
| 2022-12-31 | CN¥4.84 | CN¥104.41 | x |
| 2023-12-31 | CN¥4.64 | CN¥104.41 | x |
| 2024-12-31 | CN¥4.65 | CN¥104.41 | x |
| 2025-12-31 | CN¥4.96 | CN¥104.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goldenmax International Technology 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): 8.32%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.71%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 1.83x
- Recent ROE (8.32%) is below the historical average (9.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 24.11% | 5.16% | 1.24x | 3.76x | CN¥39.99 Million |
| 2009 | 16.90% | 4.99% | 1.01x | 3.37x | CN¥23.82 Million |
| 2010 | 22.61% | 5.32% | 1.27x | 3.35x | CN¥56.22 Million |
| 2011 | 6.06% | 3.78% | 0.94x | 1.70x | CN¥-49.83 Million |
| 2012 | 3.51% | 2.16% | 0.94x | 1.73x | CN¥-85.10 Million |
| 2013 | 2.24% | 1.27% | 0.98x | 1.80x | CN¥-104.09 Million |
| 2014 | 3.19% | 1.88% | 0.98x | 1.72x | CN¥-90.95 Million |
| 2015 | 3.89% | 2.13% | 0.95x | 1.93x | CN¥-84.88 Million |
| 2016 | 19.69% | 11.17% | 0.96x | 1.84x | CN¥167.84 Million |
| 2017 | 24.19% | 14.62% | 0.90x | 1.84x | CN¥315.22 Million |
| 2018 | 11.65% | 7.95% | 0.88x | 1.66x | CN¥41.52 Million |
| 2019 | 5.85% | 4.70% | 0.70x | 1.78x | CN¥-110.69 Million |
| 2020 | 6.33% | 5.00% | 0.68x | 1.87x | CN¥-104.35 Million |
| 2021 | 19.75% | 11.72% | 0.86x | 1.96x | CN¥340.79 Million |
| 2022 | 2.47% | 2.32% | 0.60x | 1.77x | CN¥-264.88 Million |
| 2023 | -2.33% | -2.21% | 0.58x | 1.82x | CN¥-416.75 Million |
| 2024 | 1.10% | 0.92% | 0.64x | 1.89x | CN¥-300.50 Million |
| 2025 | 8.32% | 6.71% | 0.68x | 1.83x | CN¥-60.52 Million |
Industry Comparison
This section compares Goldenmax International Technology Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $21,404,927,234
- Average return on equity (ROE) among peers: 44.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Goldenmax International Technology Ltd (002636) | CN¥3.85 Billion | 24.11% | 0.84x | $11.12 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $276.94 Million | 3.75% | 1.41x | $305.93 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $202.23 Million | 1.58% | 1.20x | $1.35 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $116.44 Million | -93.06% | 2.61x | $481.70 Million |
| CPT Technology Group Co Ltd (000536) | $52.05 Million | 490.89% | 0.65x | $1.46 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $5.53 Billion | 18.40% | 0.27x | $12.63 Billion |
| Xiamen Xindeco Ltd (000701) | $920.35 Million | 5.21% | 1.79x | $491.49 Million |
| BOE Technology Group Co Ltd (000725) | $197.80 Billion | 1.29% | 1.12x | $34.84 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $2.43 Billion | 3.50% | 0.53x | $4.85 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $5.48 Billion | 2.36% | 0.29x | $2.66 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $1.25 Billion | 7.05% | 0.10x | $4.23 Billion |
About Goldenmax International Technology Ltd
Goldenmax International Group Ltd., together with its subsidiaries, produces and sells copper clad laminates and related products for the electronics industry in China and internationally. The company offers FR-4: Tg135, Tg170, and core boards for multilayer boards; medium heat-resistant FR-4 series products; medium-high heat-resistant FR-4: Tg140; lead-free soldering FR-4: Tg150 and Tg170 that a… Read more