Guangzhou Pearl River Piano Group Co Ltd
Guangzhou Pearl River Piano Group Co., Ltd. engages in the research and development, manufacturing, sales and service of piano and digital musical instrument products in China and internationally. The company offers pianos, violins, digital pianos, strings, guitars, and wind instruments and folk music, as well as musical instrument accessories and music culture teaching materials. It also engages… Read more
Guangzhou Pearl River Piano Group Co Ltd (002678) - Net Assets
Latest net assets as of September 2025: CN¥3.26 Billion CNY
Based on the latest financial reports, Guangzhou Pearl River Piano Group Co Ltd (002678) has net assets worth CN¥3.26 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¥3.86 Billion) and total liabilities (CN¥594.22 Million). 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¥3.26 Billion |
| % of Total Assets | 84.59% |
| Annual Growth Rate | 10.34% |
| 5-Year Change | -2.37% |
| 10-Year Change | 79.62% |
| Growth Volatility | 22.92 |
Guangzhou Pearl River Piano Group Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Guangzhou Pearl River Piano Group 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 Guangzhou Pearl River Piano Group Co Ltd (2009–2024)
The table below shows the annual net assets of Guangzhou Pearl River Piano Group Co Ltd from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.47 Billion | -6.96% |
| 2023-12-31 | CN¥3.73 Billion | -0.48% |
| 2022-12-31 | CN¥3.75 Billion | +1.90% |
| 2021-12-31 | CN¥3.68 Billion | +3.48% |
| 2020-12-31 | CN¥3.55 Billion | +3.72% |
| 2019-12-31 | CN¥3.43 Billion | +2.99% |
| 2018-12-31 | CN¥3.33 Billion | +2.95% |
| 2017-12-31 | CN¥3.23 Billion | +59.37% |
| 2016-12-31 | CN¥2.03 Billion | +4.97% |
| 2015-12-31 | CN¥1.93 Billion | +4.37% |
| 2014-12-31 | CN¥1.85 Billion | +2.44% |
| 2013-12-31 | CN¥1.81 Billion | +8.70% |
| 2012-12-31 | CN¥1.66 Billion | +78.70% |
| 2011-12-31 | CN¥929.84 Million | +11.93% |
| 2010-12-31 | CN¥830.72 Million | +4.74% |
| 2009-12-31 | CN¥793.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Guangzhou Pearl River Piano Group 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 802.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥905.93 Million | 26.25% |
| Common Stock | CN¥1.36 Billion | 39.41% |
| Other Components | CN¥1.19 Billion | 34.34% |
| Total Equity | CN¥3.45 Billion | 100.00% |
Guangzhou Pearl River Piano Group Co Ltd Competitors by Market Cap
The table below lists competitors of Guangzhou Pearl River Piano Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Microvision Inc
NASDAQ:MVIS
|
$191.60 Million |
|
Groenlandsbanken AS
CO:GRLA
|
$191.62 Million |
|
Zhejiang Busen Garments Co Ltd
SHE:002569
|
$191.63 Million |
|
Ventive Hospitality Ltd
NSE:VENTIVE
|
$191.64 Million |
|
Guangdong Tianan New Material
SHG:603725
|
$191.50 Million |
|
MBM Resources Bhd
KLSE:5983
|
$191.44 Million |
|
TOYO Corporation
MU:TOY
|
$191.38 Million |
|
Jiangxi Hengda Hi-Tech Co Ltd
SHE:002591
|
$191.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangzhou Pearl River Piano Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,700,150,000 to 3,450,771,000, a change of -249,379,000 (-6.7%).
- Net loss of 235,623,000 reduced equity.
- Dividend payments of 7,266,000 reduced retained earnings.
- Share repurchases of 5,275,854 reduced equity.
- Other comprehensive income decreased equity by 206,009,398.
- Other factors increased equity by 204,795,252.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-235.62 Million | -6.83% |
| Dividends Paid | CN¥7.27 Million | -0.21% |
| Share Repurchases | CN¥5.28 Million | -0.15% |
| Other Comprehensive Income | CN¥-206.01 Million | -5.97% |
| Other Changes | CN¥204.80 Million | +5.93% |
| Total Change | CN¥- | -6.74% |
Book Value vs Market Value Analysis
This analysis compares Guangzhou Pearl River Piano Group 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: 2.06x
- 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 6.79x to 2.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.77 | CN¥5.23 | x |
| 2010-12-31 | CN¥0.72 | CN¥5.23 | x |
| 2011-12-31 | CN¥0.83 | CN¥5.23 | x |
| 2012-12-31 | CN¥1.39 | CN¥5.23 | x |
| 2013-12-31 | CN¥1.48 | CN¥5.23 | x |
| 2014-12-31 | CN¥1.50 | CN¥5.23 | x |
| 2015-12-31 | CN¥1.52 | CN¥5.23 | x |
| 2016-12-31 | CN¥1.63 | CN¥5.23 | x |
| 2017-12-31 | CN¥2.52 | CN¥5.23 | x |
| 2018-12-31 | CN¥2.43 | CN¥5.23 | x |
| 2019-12-31 | CN¥2.50 | CN¥5.23 | x |
| 2020-12-31 | CN¥2.69 | CN¥5.23 | x |
| 2021-12-31 | CN¥2.68 | CN¥5.23 | x |
| 2022-12-31 | CN¥2.73 | CN¥5.23 | x |
| 2023-12-31 | CN¥2.52 | CN¥5.23 | x |
| 2024-12-31 | CN¥2.54 | CN¥5.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangzhou Pearl River Piano Group 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): -6.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -34.80%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 1.16x
- Recent ROE (-6.83%) is below the historical average (6.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 10.99% | 10.21% | 0.67x | 1.60x | CN¥7.79 Million |
| 2010 | 14.35% | 12.03% | 0.77x | 1.55x | CN¥35.79 Million |
| 2011 | 15.71% | 12.36% | 0.85x | 1.49x | CN¥52.69 Million |
| 2012 | 11.03% | 13.80% | 0.66x | 1.21x | CN¥17.07 Million |
| 2013 | 10.93% | 13.82% | 0.63x | 1.26x | CN¥16.73 Million |
| 2014 | 7.67% | 9.61% | 0.62x | 1.29x | CN¥-42.87 Million |
| 2015 | 7.61% | 9.93% | 0.60x | 1.28x | CN¥-45.92 Million |
| 2016 | 7.55% | 9.67% | 0.54x | 1.44x | CN¥-49.07 Million |
| 2017 | 5.16% | 9.20% | 0.43x | 1.31x | CN¥-154.65 Million |
| 2018 | 5.35% | 8.93% | 0.45x | 1.33x | CN¥-152.99 Million |
| 2019 | 5.59% | 9.24% | 0.46x | 1.32x | CN¥-149.80 Million |
| 2020 | 4.84% | 9.74% | 0.37x | 1.36x | CN¥-181.79 Million |
| 2021 | 5.11% | 9.21% | 0.40x | 1.38x | CN¥-178.39 Million |
| 2022 | 3.32% | 7.43% | 0.32x | 1.38x | CN¥-248.10 Million |
| 2023 | 0.16% | 0.52% | 0.25x | 1.23x | CN¥-364.14 Million |
| 2024 | -6.83% | -34.80% | 0.17x | 1.16x | CN¥-580.70 Million |
Industry Comparison
This section compares Guangzhou Pearl River Piano Group Co Ltd's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $453,382,984
- Average return on equity (ROE) among peers: 8.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangzhou Pearl River Piano Group Co Ltd (002678) | CN¥3.26 Billion | 10.99% | 0.18x | $191.51 Million |
| China Bicycle Co Holdings Ltd (000017) | $-1.76 Billion | 0.00% | 0.00x | $399.65 Million |
| Sportsoul Co. Ltd. A (001300) | $1.06 Billion | 2.11% | 0.25x | $179.80 Million |
| HL Corp Shenzhen (002105) | $567.28 Million | 4.46% | 1.51x | $173.11 Million |
| Goldlok Toys Holdings Guangdong Co Ltd (002348) | $1.12 Billion | 5.75% | 0.06x | $627.40 Million |
| Guangdong Qunxing Toys Joint-Stock Co Ltd (002575) | $884.00 Million | 4.93% | 0.13x | $533.55 Million |
| Shanghai Yaoji Playing Card Co Ltd (002605) | $1.06 Billion | 8.95% | 0.37x | $695.43 Million |
| Xiamen Comfort Science&Technology Group Co Ltd (002614) | $217.49 Million | 21.16% | 1.94x | $334.52 Million |
| Shifeng Cultural Development Co Ltd (002862) | $569.17 Million | 5.62% | 0.07x | $192.82 Million |
| Impulse Qingdao Health Tech Co Ltd (002899) | $361.39 Million | 21.08% | 0.71x | $407.33 Million |