GuangDong Rifeng Electric Cable Co Ltd
Guangdong Rifeng Electric Cable Co., Ltd. engages in the research and development, design, manufacture, and sale of rubber-sheathed cables in the People's Republic of China and internationally. The company offers air-conditioning connecting wire components, small household appliances wiring components, special equipment cables, and communication equipment components. Its products are used in air … Read more
GuangDong Rifeng Electric Cable Co Ltd (002953) - Net Assets
Latest net assets as of September 2025: CN¥1.95 Billion CNY
Based on the latest financial reports, GuangDong Rifeng Electric Cable Co Ltd (002953) has net assets worth CN¥1.95 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¥3.62 Billion) and total liabilities (CN¥1.67 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¥1.95 Billion |
| % of Total Assets | 53.94% |
| Annual Growth Rate | 21.62% |
| 5-Year Change | 80.12% |
| 10-Year Change | 630.09% |
| Growth Volatility | 22.54 |
GuangDong Rifeng Electric Cable Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how GuangDong Rifeng Electric Cable 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 Rifeng Electric Cable Co Ltd (2011–2024)
The table below shows the annual net assets of GuangDong Rifeng Electric Cable Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.86 Billion | +5.29% |
| 2023-12-31 | CN¥1.77 Billion | +31.13% |
| 2022-12-31 | CN¥1.35 Billion | +7.92% |
| 2021-12-31 | CN¥1.25 Billion | +20.89% |
| 2020-12-31 | CN¥1.03 Billion | +9.70% |
| 2019-12-31 | CN¥941.01 Million | +95.33% |
| 2018-12-31 | CN¥481.76 Million | +31.56% |
| 2017-12-31 | CN¥366.18 Million | +20.31% |
| 2016-12-31 | CN¥304.37 Million | +19.52% |
| 2015-12-31 | CN¥254.67 Million | +9.98% |
| 2014-12-31 | CN¥231.57 Million | +7.95% |
| 2013-12-31 | CN¥214.51 Million | +28.30% |
| 2012-12-31 | CN¥167.19 Million | +14.63% |
| 2011-12-31 | CN¥145.85 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to GuangDong Rifeng Electric Cable 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 4743.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥806.49 Million | 43.65% |
| Common Stock | CN¥456.89 Million | 24.73% |
| Other Components | CN¥584.21 Million | 31.62% |
| Total Equity | CN¥1.85 Billion | 100.00% |
GuangDong Rifeng Electric Cable Co Ltd Competitors by Market Cap
The table below lists competitors of GuangDong Rifeng Electric Cable Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sparebank 1 Ringerike Hadeland
OL:RING
|
$316.55 Million |
|
Gemtek Technology Co Ltd
TW:4906
|
$316.55 Million |
|
Shanghai Information2 Software Inc. A
SHG:688435
|
$316.59 Million |
|
Group Up Industrial Co Ltd
TWO:6664
|
$316.65 Million |
|
Diversified Royalty Corp
PINK:BEVFF
|
$316.11 Million |
|
Northwest Biotherapeutics Inc
OTCQB:NWBO
|
$316.05 Million |
|
Hidili Industry International Development Limited
PINK:HIIDQ
|
$316.04 Million |
|
Cerence Inc
NASDAQ:CRNC
|
$315.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GuangDong Rifeng Electric Cable Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,754,093,941 to 1,847,590,876, a change of 93,496,935 (5.3%).
- Net income of 160,641,642 contributed positively to equity growth.
- Dividend payments of 52,614,575 reduced retained earnings.
- Share repurchases of 31,999,412 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥160.64 Million | +8.69% |
| Dividends Paid | CN¥52.61 Million | -2.85% |
| Share Repurchases | CN¥32.00 Million | -1.73% |
| Other Changes | CN¥17.47 Million | +0.95% |
| Total Change | CN¥- | 5.33% |
Book Value vs Market Value Analysis
This analysis compares GuangDong Rifeng Electric Cable 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: 3.18x
- 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 17.67x to 3.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.73 | CN¥12.81 | x |
| 2012-12-31 | CN¥0.77 | CN¥12.81 | x |
| 2013-12-31 | CN¥0.97 | CN¥12.81 | x |
| 2014-12-31 | CN¥0.99 | CN¥12.81 | x |
| 2015-12-31 | CN¥1.09 | CN¥12.81 | x |
| 2016-12-31 | CN¥1.31 | CN¥12.81 | x |
| 2017-12-31 | CN¥1.56 | CN¥12.81 | x |
| 2018-12-31 | CN¥2.06 | CN¥12.81 | x |
| 2019-12-31 | CN¥3.29 | CN¥12.81 | x |
| 2020-12-31 | CN¥3.28 | CN¥12.81 | x |
| 2021-12-31 | CN¥3.90 | CN¥12.81 | x |
| 2022-12-31 | CN¥4.29 | CN¥12.81 | x |
| 2023-12-31 | CN¥3.83 | CN¥12.81 | x |
| 2024-12-31 | CN¥4.03 | CN¥12.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GuangDong Rifeng Electric Cable 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): 8.69%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.91%
- • Asset Turnover: 1.15x
- • Equity Multiplier: 1.94x
- Recent ROE (8.69%) is below the historical average (13.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 25.77% | 5.69% | 1.33x | 3.40x | CN¥23.00 Million |
| 2012 | 12.77% | 3.53% | 1.15x | 3.15x | CN¥4.63 Million |
| 2013 | 14.77% | 3.90% | 1.20x | 3.15x | CN¥10.24 Million |
| 2014 | 13.84% | 3.75% | 1.18x | 3.14x | CN¥8.90 Million |
| 2015 | 9.07% | 3.41% | 1.12x | 2.38x | CN¥-2.37 Million |
| 2016 | 16.38% | 5.93% | 1.28x | 2.15x | CN¥19.41 Million |
| 2017 | 16.88% | 4.89% | 1.60x | 2.16x | CN¥25.19 Million |
| 2018 | 23.99% | 7.44% | 1.76x | 1.83x | CN¥67.40 Million |
| 2019 | 11.52% | 7.04% | 1.23x | 1.32x | CN¥14.34 Million |
| 2020 | 10.20% | 6.44% | 1.12x | 1.41x | CN¥2.02 Million |
| 2021 | 10.27% | 3.94% | 1.23x | 2.12x | CN¥3.37 Million |
| 2022 | 6.29% | 2.38% | 1.23x | 2.15x | CN¥-49.55 Million |
| 2023 | 8.35% | 3.89% | 1.21x | 1.77x | CN¥-28.95 Million |
| 2024 | 8.69% | 3.91% | 1.15x | 1.94x | CN¥-24.12 Million |
Industry Comparison
This section compares GuangDong Rifeng Electric Cable Co Ltd's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $1,299,630,649
- Average return on equity (ROE) among peers: 8.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GuangDong Rifeng Electric Cable Co Ltd (002953) | CN¥1.95 Billion | 25.77% | 0.85x | $316.28 Million |
| Shenzhen Huaqiang Industry Co Ltd (000062) | $210.47 Million | 33.49% | 2.37x | $1.45 Billion |
| Telling Telecommunication Holding Co Ltd (000829) | $215.79 Million | 10.04% | 0.39x | $930.06 Million |
| Unisplendour Corp Ltd (000938) | $65.58 Million | 48.24% | 1.65x | $6.59 Billion |
| Shenzhen H&T Intelligent Control Co Ltd (002402) | $5.39 Billion | 6.76% | 1.22x | $3.35 Billion |
| Beijing Oriental Jicheng Co Ltd (002819) | $154.47 Million | 19.54% | 0.50x | $452.07 Million |
| Wuhan PS Information Tech (300184) | $2.92 Billion | -59.48% | 0.64x | $1.48 Billion |
| Shenyu Communication Technology Inc (300563) | $242.28 Million | 13.41% | 0.54x | $493.98 Million |
| Nanjing Sunlord Electronics Corporation LTD (300975) | $2.18 Billion | 3.25% | 1.70x | $834.47 Million |
| Langfang Development Co Ltd (600149) | $317.39 Million | 1.96% | 0.08x | $205.41 Million |