Shandong Gettop Acoustic Co Ltd
Gettop Acoustic Co., Ltd. engages in the research, development, production, and sale of micro-precision electro-acoustic components, and electroacoustic assemblies in China. It offers micro-electromechanical systems acoustic sensor, electret acoustic sensor, automotive voice module, RNC vibration sensor module, micro speaker and receiver, and array module, etc. The company also distributes electr… Read more
Shandong Gettop Acoustic Co Ltd (002655) - Net Assets
Latest net assets as of September 2025: CN¥766.14 Million CNY
Based on the latest financial reports, Shandong Gettop Acoustic Co Ltd (002655) has net assets worth CN¥766.14 Million 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¥2.00 Billion) and total liabilities (CN¥1.24 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¥766.14 Million |
| % of Total Assets | 38.26% |
| Annual Growth Rate | 10.65% |
| 5-Year Change | 33.97% |
| 10-Year Change | 10.5% |
| Growth Volatility | 32.05 |
Shandong Gettop Acoustic Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Shandong Gettop Acoustic 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 Shandong Gettop Acoustic Co Ltd (2008–2024)
The table below shows the annual net assets of Shandong Gettop Acoustic Co Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥698.44 Million | +12.63% |
| 2023-12-31 | CN¥620.13 Million | -12.79% |
| 2022-12-31 | CN¥711.04 Million | +13.98% |
| 2021-12-31 | CN¥623.85 Million | +19.66% |
| 2020-12-31 | CN¥521.36 Million | +0.20% |
| 2019-12-31 | CN¥520.33 Million | +6.50% |
| 2018-12-31 | CN¥488.59 Million | +4.55% |
| 2017-12-31 | CN¥467.32 Million | -27.69% |
| 2016-12-31 | CN¥646.25 Million | +2.24% |
| 2015-12-31 | CN¥632.08 Million | +1.86% |
| 2014-12-31 | CN¥620.52 Million | +6.74% |
| 2013-12-31 | CN¥581.33 Million | +0.95% |
| 2012-12-31 | CN¥575.88 Million | +126.37% |
| 2011-12-31 | CN¥254.40 Million | +24.57% |
| 2010-12-31 | CN¥204.22 Million | +32.85% |
| 2009-12-31 | CN¥153.73 Million | +11.11% |
| 2008-12-31 | CN¥138.36 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Gettop Acoustic 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 967.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥256.75 Million | 38.28% |
| Common Stock | CN¥360.00 Million | 53.67% |
| Other Comprehensive Income | CN¥52.87 Million | 7.88% |
| Other Components | CN¥1.19 Million | 0.18% |
| Total Equity | CN¥670.81 Million | 100.00% |
Shandong Gettop Acoustic Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Gettop Acoustic Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Corporación Moctezuma S.A.B. de C.V
MX:CMOCTEZ
|
$715.73 Million |
|
Turkiye Vakiflar Bankasi TAO
IS:VAKBN
|
$716.23 Million |
|
GrainCorp Limited
PINK:GRCLF
|
$716.36 Million |
|
Heritage Commerce Corp
NASDAQ:HTBK
|
$716.99 Million |
|
Netweb Technologies India Limited
NSE:NETWEB
|
$715.33 Million |
|
Xiangyang Changyuan Donggu Industry Co Ltd
SHG:603950
|
$715.16 Million |
|
BioGaia AB (publ)
ST:BIOG-B
|
$714.80 Million |
|
Nanosonics Limited
PINK:NNCSF
|
$714.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Gettop Acoustic Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 610,806,279 to 670,813,830, a change of 60,007,551 (9.8%).
- Net income of 78,890,485 contributed positively to equity growth.
- Dividend payments of 26,015,350 reduced retained earnings.
- Other comprehensive income increased equity by 31,793,022.
- Other factors decreased equity by 24,660,606.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥78.89 Million | +11.76% |
| Dividends Paid | CN¥26.02 Million | -3.88% |
| Other Comprehensive Income | CN¥31.79 Million | +4.74% |
| Other Changes | CN¥-24.66 Million | -3.68% |
| Total Change | CN¥- | 9.82% |
Book Value vs Market Value Analysis
This analysis compares Shandong Gettop Acoustic 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: 9.70x
- 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 35.45x to 9.70x 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¥0.51 | CN¥18.07 | x |
| 2009-12-31 | CN¥0.57 | CN¥18.07 | x |
| 2010-12-31 | CN¥0.75 | CN¥18.07 | x |
| 2011-12-31 | CN¥0.94 | CN¥18.07 | x |
| 2012-12-31 | CN¥1.67 | CN¥18.07 | x |
| 2013-12-31 | CN¥1.65 | CN¥18.07 | x |
| 2014-12-31 | CN¥1.80 | CN¥18.07 | x |
| 2015-12-31 | CN¥1.64 | CN¥18.07 | x |
| 2016-12-31 | CN¥1.79 | CN¥18.07 | x |
| 2017-12-31 | CN¥1.31 | CN¥18.07 | x |
| 2018-12-31 | CN¥1.37 | CN¥18.07 | x |
| 2019-12-31 | CN¥1.45 | CN¥18.07 | x |
| 2020-12-31 | CN¥1.47 | CN¥18.07 | x |
| 2021-12-31 | CN¥1.73 | CN¥18.07 | x |
| 2022-12-31 | CN¥1.96 | CN¥18.07 | x |
| 2023-12-31 | CN¥1.70 | CN¥18.07 | x |
| 2024-12-31 | CN¥1.86 | CN¥18.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Gettop Acoustic 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): 11.76%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.53%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 2.67x
- Recent ROE (11.76%) is above the historical average (7.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 35.31% | 16.37% | 0.97x | 2.21x | CN¥35.02 Million |
| 2009 | 10.00% | 6.72% | 0.70x | 2.12x | CN¥1.72K |
| 2010 | 24.72% | 13.05% | 0.94x | 2.02x | CN¥30.07 Million |
| 2011 | 21.02% | 11.84% | 0.87x | 2.05x | CN¥28.04 Million |
| 2012 | 7.57% | 10.34% | 0.49x | 1.50x | CN¥-14.00 Million |
| 2013 | 2.43% | 2.79% | 0.54x | 1.61x | CN¥-44.00 Million |
| 2014 | 3.89% | 3.68% | 0.65x | 1.63x | CN¥-37.79 Million |
| 2015 | 3.04% | 2.73% | 0.61x | 1.83x | CN¥-43.99 Million |
| 2016 | 2.79% | 2.51% | 0.56x | 1.96x | CN¥-46.62 Million |
| 2017 | -37.43% | -22.23% | 0.72x | 2.35x | CN¥-221.65 Million |
| 2018 | 4.37% | 2.65% | 0.73x | 2.25x | CN¥-27.51 Million |
| 2019 | 5.92% | 3.13% | 0.83x | 2.28x | CN¥-21.21 Million |
| 2020 | 8.81% | 3.89% | 1.10x | 2.07x | CN¥-6.20 Million |
| 2021 | 10.51% | 7.00% | 0.80x | 1.87x | CN¥3.17 Million |
| 2022 | 7.94% | 5.82% | 0.80x | 1.70x | CN¥-14.51 Million |
| 2023 | 9.11% | 5.58% | 0.72x | 2.26x | CN¥-5.41 Million |
| 2024 | 11.76% | 6.53% | 0.67x | 2.67x | CN¥11.81 Million |
Industry Comparison
This section compares Shandong Gettop Acoustic Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $19,755,021,352
- Average return on equity (ROE) among peers: 13.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Gettop Acoustic Co Ltd (002655) | CN¥766.14 Million | 35.31% | 1.61x | $715.49 Million |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $333.77 Million | 13.69% | 0.32x | $268.56 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $464.21 Million | 30.94% | 3.01x | $765.51 Million |
| CPT Technology Group Co Ltd (000536) | $3.17 Billion | 11.02% | 0.49x | $1.06 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $5.64 Billion | 6.01% | 0.24x | $2.22 Billion |
| Xiamen Xindeco Ltd (000701) | $5.06 Billion | 0.44% | 2.24x | $317.21 Million |
| BOE Technology Group Co Ltd (000725) | $173.40 Billion | 2.90% | 1.45x | $20.28 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $7.44 Billion | 20.05% | 0.50x | $2.57 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $396.59 Million | 6.89% | 0.36x | $1.38 Billion |
| Beijing Kingfore HV & Energy Conservation Technology Co.Ltd. (001210) | $1.25 Billion | 10.37% | 0.46x | $179.30 Million |
| Shanghai Smart Control Co. Ltd. (001266) | $398.47 Million | 32.69% | 0.39x | $155.36 Million |