Guangdong Piano Customized Furniture Co Ltd
Guangdong Piano Customized Furniture Co., Ltd., together with its subsidiaries, engages in the research, design, development, production, and sale of furniture in China. It offers customized cabinets, wardrobes, wooden doors, and other supporting home products; and provides installation and after-sales services. The company was founded in 2005 and is headquartered in Zhongshan, China.
Guangdong Piano Customized Furniture Co Ltd (002853) - Net Assets
Latest net assets as of September 2025: CN¥922.19 Million CNY
Based on the latest financial reports, Guangdong Piano Customized Furniture Co Ltd (002853) has net assets worth CN¥922.19 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¥1.47 Billion) and total liabilities (CN¥548.83 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¥922.19 Million |
| % of Total Assets | 62.69% |
| Annual Growth Rate | 23.65% |
| 5-Year Change | -53.61% |
| 10-Year Change | 198.81% |
| Growth Volatility | 51.49 |
Guangdong Piano Customized Furniture Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Guangdong Piano Customized Furniture 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 Guangdong Piano Customized Furniture Co Ltd (2012–2024)
The table below shows the annual net assets of Guangdong Piano Customized Furniture Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥931.54 Million | -30.81% |
| 2023-12-31 | CN¥1.35 Billion | +6.70% |
| 2022-12-31 | CN¥1.26 Billion | +9.71% |
| 2021-12-31 | CN¥1.15 Billion | -42.72% |
| 2020-12-31 | CN¥2.01 Billion | +61.62% |
| 2019-12-31 | CN¥1.24 Billion | +13.09% |
| 2018-12-31 | CN¥1.10 Billion | +15.51% |
| 2017-12-31 | CN¥951.10 Million | +149.85% |
| 2016-12-31 | CN¥380.68 Million | +22.11% |
| 2015-12-31 | CN¥311.75 Million | +28.18% |
| 2014-12-31 | CN¥243.22 Million | +97.72% |
| 2013-12-31 | CN¥123.02 Million | +68.74% |
| 2012-12-31 | CN¥72.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Guangdong Piano Customized Furniture 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 decreased by 1003.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥186.54 Million | 19.86% |
| Other Components | CN¥1.10 Billion | 117.40% |
| Total Equity | CN¥939.39 Million | 100.00% |
Guangdong Piano Customized Furniture Co Ltd Competitors by Market Cap
The table below lists competitors of Guangdong Piano Customized Furniture Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Tianyong Engineering Co Ltd
SHG:603895
|
$164.60 Million |
|
WEYCO GRP INC. DL 1
F:WY1
|
$164.60 Million |
|
Richards Packaging Income Fund
PINK:RPKIF
|
$164.61 Million |
|
POLIMEX-MOSTOSTAL ZY 2
F:7F7
|
$164.63 Million |
|
LPKF Laser & Electronics AG
PINK:LPKFF
|
$164.49 Million |
|
Bijou Brigitte modische Accessoires Aktiengesellschaft
XETRA:BIJ
|
$164.48 Million |
|
SALTLUX.inc
KQ:304100
|
$164.48 Million |
|
Goodluck India Limited
NSE:GOODLUCK
|
$164.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Piano Customized Furniture Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,350,731,973 to 939,385,447, a change of -411,346,526 (-30.5%).
- Net loss of 374,763,337 reduced equity.
- Dividend payments of 37,067,689 reduced retained earnings.
- Other comprehensive income decreased equity by 88,371,258.
- Other factors increased equity by 88,855,758.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-374.76 Million | -39.89% |
| Dividends Paid | CN¥37.07 Million | -3.95% |
| Other Comprehensive Income | CN¥-88.37 Million | -9.41% |
| Other Changes | CN¥88.86 Million | +9.46% |
| Total Change | CN¥- | -30.45% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Piano Customized Furniture 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: 5.43x
- 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 40.18x to 5.43x 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¥0.68 | CN¥27.38 | x |
| 2013-12-31 | CN¥1.15 | CN¥27.38 | x |
| 2014-12-31 | CN¥2.27 | CN¥27.38 | x |
| 2015-12-31 | CN¥2.67 | CN¥27.38 | x |
| 2016-12-31 | CN¥2.74 | CN¥27.38 | x |
| 2017-12-31 | CN¥5.93 | CN¥27.38 | x |
| 2018-12-31 | CN¥6.59 | CN¥27.38 | x |
| 2019-12-31 | CN¥7.56 | CN¥27.38 | x |
| 2020-12-31 | CN¥12.36 | CN¥27.38 | x |
| 2021-12-31 | CN¥6.17 | CN¥27.38 | x |
| 2022-12-31 | CN¥6.91 | CN¥27.38 | x |
| 2023-12-31 | CN¥7.23 | CN¥27.38 | x |
| 2024-12-31 | CN¥5.04 | CN¥27.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Piano Customized Furniture 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): -39.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -42.30%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.64x
- Recent ROE (-39.89%) is below the historical average (9.06%), 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 | 35.63% | 8.45% | 1.60x | 2.63x | CN¥18.68 Million |
| 2013 | 44.70% | 13.08% | 1.30x | 2.62x | CN¥42.69 Million |
| 2014 | 26.39% | 12.76% | 1.28x | 1.61x | CN¥39.87 Million |
| 2015 | 21.98% | 13.38% | 0.99x | 1.65x | CN¥37.35 Million |
| 2016 | 23.00% | 13.89% | 0.98x | 1.69x | CN¥49.47 Million |
| 2017 | 11.31% | 12.46% | 0.62x | 1.47x | CN¥11.90 Million |
| 2018 | 13.81% | 12.80% | 0.70x | 1.54x | CN¥39.19 Million |
| 2019 | 14.92% | 11.91% | 0.73x | 1.71x | CN¥57.78 Million |
| 2020 | 10.25% | 13.19% | 0.48x | 1.63x | CN¥4.86 Million |
| 2021 | -62.82% | -39.64% | 0.76x | 2.08x | CN¥-837.98 Million |
| 2022 | 12.15% | 10.58% | 0.60x | 1.91x | CN¥27.13 Million |
| 2023 | 6.37% | 6.53% | 0.57x | 1.71x | CN¥-49.09 Million |
| 2024 | -39.89% | -42.30% | 0.58x | 1.64x | CN¥-468.70 Million |
Industry Comparison
This section compares Guangdong Piano Customized Furniture 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: $17,642,037,238
- Average return on equity (ROE) among peers: 13.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Piano Customized Furniture Co Ltd (002853) | CN¥922.19 Million | 35.63% | 0.60x | $164.52 Million |
| Midea Group Co Ltd (000333) | $92.45 Billion | 21.88% | 1.85x | $52.29 Billion |
| Changhong Meiling Co Ltd (000521) | $5.11 Billion | 0.85% | 1.78x | $622.85 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $66.83 Billion | 33.52% | 2.22x | $20.24 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $4.47 Billion | 12.97% | 2.19x | $1.73 Billion |
| Suncha Technology Co Ltd (001211) | $874.84 Million | -1.36% | 0.86x | $144.07 Million |
| Beijing Liven Technology Co. Ltd. (001259) | $113.33 Million | 5.45% | 1.68x | $105.98 Million |
| De Rucci Healthy Sleep Co. Ltd. (001323) | $4.64 Billion | 17.29% | 0.54x | $247.78 Million |
| Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) | $573.09 Million | 22.92% | 0.44x | $110.80 Million |
| Hefei Snowky Elec Co Ltd (001387) | $603.81 Million | 16.63% | 1.58x | $140.72 Million |
| Elec-Tech International Co Ltd (002005) | $740.90 Million | 6.21% | 1.06x | $409.52 Million |