Guangdong Enpack Packaging Co Ltd (002846) - Net Assets
Based on the latest financial reports, Guangdong Enpack Packaging Co Ltd (002846) has net assets worth CN¥1.45 Billion CNY (≈ $212.36 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¥3.83 Billion ≈ $560.55 Million USD) and total liabilities (CN¥2.38 Billion ≈ $348.19 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 Guangdong Enpack Packaging Co Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.45 Billion |
| % of Total Assets | 37.88% |
| Annual Growth Rate | 20.0% |
| 5-Year Change | 70.29% |
| 10-Year Change | 403.39% |
| Growth Volatility | 29.08 |
Guangdong Enpack Packaging Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Guangdong Enpack Packaging Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002846 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Guangdong Enpack Packaging Co Ltd (2012–2025)
The table below shows the annual net assets of Guangdong Enpack Packaging Co Ltd from 2012 to 2025. For live valuation and market cap data, see market value of Guangdong Enpack Packaging Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.44 Billion ≈ $210.67 Million |
+2.25% |
| 2024-12-31 | CN¥1.41 Billion ≈ $206.04 Million |
-4.56% |
| 2023-12-31 | CN¥1.48 Billion ≈ $215.88 Million |
+84.48% |
| 2022-12-31 | CN¥799.70 Million ≈ $117.02 Million |
-5.41% |
| 2021-12-31 | CN¥845.44 Million ≈ $123.71 Million |
-2.71% |
| 2020-12-31 | CN¥868.98 Million ≈ $127.16 Million |
+14.46% |
| 2019-12-31 | CN¥759.17 Million ≈ $111.09 Million |
+24.48% |
| 2018-12-31 | CN¥609.90 Million ≈ $89.25 Million |
+13.38% |
| 2017-12-31 | CN¥537.94 Million ≈ $78.72 Million |
+88.10% |
| 2016-12-31 | CN¥285.99 Million ≈ $41.85 Million |
+17.18% |
| 2015-12-31 | CN¥244.07 Million ≈ $35.72 Million |
+14.90% |
| 2014-12-31 | CN¥212.42 Million ≈ $31.08 Million |
+21.62% |
| 2013-12-31 | CN¥174.66 Million ≈ $25.56 Million |
+29.81% |
| 2012-12-31 | CN¥134.55 Million ≈ $19.69 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Guangdong Enpack Packaging 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 325.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥230.10 Million | 16.29% |
| Other Components | CN¥1.18 Billion | 83.71% |
| Total Equity | CN¥1.41 Billion | 100.00% |
Guangdong Enpack Packaging Co Ltd Competitors by Market Cap
The table below lists competitors of Guangdong Enpack Packaging Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kvutzat Acro Ltd.
TA:ACRO
|
$756.11 Million |
|
AGRANA Beteiligungs-Aktiengesellschaft
VI:AGR
|
$756.12 Million |
|
San Bian Science & Technology Co Ltd
SHE:002112
|
$756.22 Million |
|
AB SKF (publ)
ST:SKF-A
|
$756.23 Million |
|
EuroTeleSites AG
VI:ETS
|
$755.87 Million |
|
Goldcard High-Tech Co Ltd
SHE:300349
|
$755.82 Million |
|
Tianjin Economic-technological Development Area Co Ltd
SHE:000652
|
$755.73 Million |
|
Ruitai Materials Technology Co Ltd
SHE:002066
|
$755.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Enpack Packaging Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,377,511,685 to 1,412,804,180, a change of 35,292,495 (2.6%).
- Net income of 35,292,494 contributed positively to equity growth.
- Dividend payments of 34,692,061 reduced retained earnings.
- Other factors increased equity by 34,692,062.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥35.29 Million | +2.5% |
| Dividends Paid | CN¥34.69 Million | -2.46% |
| Other Changes | CN¥34.69 Million | +2.46% |
| Total Change | CN¥- | 2.56% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Enpack Packaging 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: 3.66x
- 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 21.22x to 3.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥0.58 | CN¥12.30 | x |
| 2013-12-31 | CN¥0.75 | CN¥12.30 | x |
| 2014-12-31 | CN¥0.92 | CN¥12.30 | x |
| 2015-12-31 | CN¥1.06 | CN¥12.30 | x |
| 2016-12-31 | CN¥1.23 | CN¥12.30 | x |
| 2017-12-31 | CN¥1.74 | CN¥12.30 | x |
| 2018-12-31 | CN¥1.85 | CN¥12.30 | x |
| 2019-12-31 | CN¥2.28 | CN¥12.30 | x |
| 2020-12-31 | CN¥2.59 | CN¥12.30 | x |
| 2021-12-31 | CN¥2.62 | CN¥12.30 | x |
| 2022-12-31 | CN¥2.49 | CN¥12.30 | x |
| 2023-12-31 | CN¥4.09 | CN¥12.30 | x |
| 2024-12-31 | CN¥3.28 | CN¥12.30 | x |
| 2025-12-31 | CN¥3.36 | CN¥12.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Enpack Packaging 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): 2.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.56%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 2.63x
- Recent ROE (2.50%) is below the historical average (10.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 25.00% | 16.58% | 0.78x | 1.93x | CN¥20.18 Million |
| 2013 | 23.88% | 18.61% | 0.84x | 1.54x | CN¥24.24 Million |
| 2014 | 20.75% | 16.47% | 0.91x | 1.38x | CN¥22.83 Million |
| 2015 | 18.50% | 15.34% | 0.95x | 1.28x | CN¥20.74 Million |
| 2016 | 19.38% | 16.32% | 0.87x | 1.36x | CN¥26.82 Million |
| 2017 | 8.63% | 9.92% | 0.65x | 1.33x | CN¥-7.18 Million |
| 2018 | 7.41% | 5.14% | 0.73x | 1.98x | CN¥-14.69 Million |
| 2019 | 11.23% | 6.81% | 0.80x | 2.06x | CN¥8.76 Million |
| 2020 | 9.49% | 5.83% | 0.74x | 2.21x | CN¥-4.21 Million |
| 2021 | 4.25% | 1.94% | 0.79x | 2.78x | CN¥-48.04 Million |
| 2022 | -5.45% | -2.23% | 0.71x | 3.45x | CN¥-122.28 Million |
| 2023 | 0.99% | 0.81% | 0.57x | 2.13x | CN¥-130.01 Million |
| 2024 | -2.88% | -1.97% | 0.57x | 2.55x | CN¥-177.42 Million |
| 2025 | 2.50% | 1.56% | 0.61x | 2.63x | CN¥-105.99 Million |
Industry Comparison
This section compares Guangdong Enpack Packaging Co Ltd's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $1,034,917,046
- Average return on equity (ROE) among peers: 10.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Enpack Packaging Co Ltd (002846) | CN¥1.45 Billion | 25.00% | 1.64x | $755.94 Million |
| Zhuhai Zhongfu Enterprise Co Ltd (000659) | $657.12 Million | 2.75% | 2.62x | $662.25 Million |
| Huangshan Novel Co Ltd (002014) | $347.85 Million | 12.56% | 0.38x | $924.95 Million |
| Shenzhen Jinjia Color Printing Group Co Ltd (002191) | $606.93 Million | 26.82% | 1.71x | $854.01 Million |
| Xiamen Hexing Packaging Printing Co Ltd (002228) | $447.79 Million | 15.01% | 1.53x | $559.30 Million |
| Shenzhen Beauty Star Co Ltd (002243) | $524.36 Million | 12.93% | 0.25x | $1.25 Billion |
| Zhejiang Great Southeast Co Ltd (002263) | $2.77 Billion | -2.00% | 0.19x | $1.15 Billion |
| Shenzhen MYS Environmental Protection & Technology Co Ltd (002303) | $1.65 Billion | 8.64% | 0.21x | $817.89 Million |
| Shandong Lipeng Co Ltd (002374) | $157.65 Million | 16.51% | 0.96x | $501.81 Million |
| Zhejiang Zhongcheng Packing Material Co Ltd (002522) | $1.08 Billion | 9.60% | 0.15x | $930.46 Million |
| Shanghai Luxin Packing Materials Science&Technology Co Ltd (002565) | $2.11 Billion | -1.34% | 0.36x | $2.01 Billion |
About Guangdong Enpack Packaging Co Ltd
Guangdong Enpack Packaging Co., Ltd. engages in the research, development, production, and sale of metal packaging products in China. It offers peel off lid for loose products, such as milk powder, spices, supplements, coffee or tea; dried food easy open end for cookies, snacks and other dried food; canned food easy open end for canned fish, meat, vegetables, as well as ready meals; and beverage … Read more