Grg Metrology
GRG Metrology & Test Group Co., Ltd., together with its subsidiaries, operates as a third-party measurement and testing institution in China. The company offers measurement and calibration, environmental and reliability testing, EMC testing, chemical and failure analysis, safety test and certification, environmental monitoring, and food and agricultural product testing services; integrated circui… Read more
Grg Metrology (002967) - Net Assets
Latest net assets as of September 2025: CN¥3.54 Billion CNY
Based on the latest financial reports, Grg Metrology (002967) has net assets worth CN¥3.54 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¥6.56 Billion) and total liabilities (CN¥3.01 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¥3.54 Billion |
| % of Total Assets | 54.02% |
| Annual Growth Rate | 37.01% |
| 5-Year Change | 93.5% |
| 10-Year Change | 1075.45% |
| Growth Volatility | 50.71 |
Grg Metrology - Net Assets Trend (2012–2024)
This chart illustrates how Grg Metrology's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Grg Metrology (2012–2024)
The table below shows the annual net assets of Grg Metrology from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.42 Billion | -6.94% |
| 2023-12-31 | CN¥3.67 Billion | +3.02% |
| 2022-12-31 | CN¥3.56 Billion | +2.73% |
| 2021-12-31 | CN¥3.47 Billion | +96.47% |
| 2020-12-31 | CN¥1.77 Billion | +15.53% |
| 2019-12-31 | CN¥1.53 Billion | +91.53% |
| 2018-12-31 | CN¥798.25 Million | +3.09% |
| 2017-12-31 | CN¥774.34 Million | +9.95% |
| 2016-12-31 | CN¥704.25 Million | +142.21% |
| 2015-12-31 | CN¥290.76 Million | +53.84% |
| 2014-12-31 | CN¥189.00 Million | +117.62% |
| 2013-12-31 | CN¥86.85 Million | +11.20% |
| 2012-12-31 | CN¥78.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Grg Metrology'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 5705.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.05 Billion | 31.56% |
| Common Stock | CN¥583.25 Million | 17.48% |
| Other Components | CN¥1.70 Billion | 50.96% |
| Total Equity | CN¥3.34 Billion | 100.00% |
Grg Metrology Competitors by Market Cap
The table below lists competitors of Grg Metrology ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Clover Health Investments Corp
NASDAQ:CLOV
|
$788.86 Million |
|
MidWestOne Financial Group Inc
NASDAQ:MOFG
|
$789.10 Million |
|
Zhiyang Innovation Technology Co. Ltd. A
SHG:688191
|
$789.17 Million |
|
Sify Technologies Limited
NASDAQ:SIFY
|
$789.34 Million |
|
Central Pacific Financial Corp
NYSE:CPF
|
$788.79 Million |
|
Guardian Pharmacy Services, Inc.
NYSE:GRDN
|
$788.54 Million |
|
Wuhan Yangtze Communication Industry Group Co Ltd
SHG:600345
|
$788.48 Million |
|
PharmaBlock Sciences Nanjing Inc Class A
SHE:300725
|
$788.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grg Metrology's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,595,655,132 to 3,335,918,962, a change of -259,736,170 (-7.2%).
- Net income of 352,109,930 contributed positively to equity growth.
- Dividend payments of 122,030,452 reduced retained earnings.
- Share repurchases of 390,196,666 reduced equity.
- Other factors decreased equity by 99,618,982.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥352.11 Million | +10.56% |
| Dividends Paid | CN¥122.03 Million | -3.66% |
| Share Repurchases | CN¥390.20 Million | -11.7% |
| Other Changes | CN¥-99.62 Million | -2.99% |
| Total Change | CN¥- | -7.22% |
Book Value vs Market Value Analysis
This analysis compares Grg Metrology'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: 3.74x
- 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 29.11x to 3.74x 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¥0.74 | CN¥21.59 | x |
| 2013-12-31 | CN¥0.81 | CN¥21.59 | x |
| 2014-12-31 | CN¥1.24 | CN¥21.59 | x |
| 2015-12-31 | CN¥1.77 | CN¥21.59 | x |
| 2016-12-31 | CN¥2.14 | CN¥21.59 | x |
| 2017-12-31 | CN¥1.92 | CN¥21.59 | x |
| 2018-12-31 | CN¥1.99 | CN¥21.59 | x |
| 2019-12-31 | CN¥2.89 | CN¥21.59 | x |
| 2020-12-31 | CN¥3.24 | CN¥21.59 | x |
| 2021-12-31 | CN¥6.18 | CN¥21.59 | x |
| 2022-12-31 | CN¥6.07 | CN¥21.59 | x |
| 2023-12-31 | CN¥6.31 | CN¥21.59 | x |
| 2024-12-31 | CN¥5.78 | CN¥21.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grg Metrology 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): 10.56%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.98%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.96x
- Recent ROE (10.56%) is below the historical average (11.03%), 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 | 15.17% | 7.77% | 0.95x | 2.06x | CN¥4.04 Million |
| 2013 | 10.07% | 4.28% | 0.83x | 2.84x | CN¥61.68K |
| 2014 | 13.56% | 8.98% | 0.75x | 2.00x | CN¥6.60 Million |
| 2015 | 14.47% | 10.05% | 0.71x | 2.03x | CN¥12.83 Million |
| 2016 | 9.16% | 11.33% | 0.49x | 1.64x | CN¥-5.83 Million |
| 2017 | 14.03% | 12.84% | 0.57x | 1.91x | CN¥30.85 Million |
| 2018 | 15.39% | 9.93% | 0.61x | 2.53x | CN¥42.71 Million |
| 2019 | 11.10% | 10.67% | 0.55x | 1.90x | CN¥16.78 Million |
| 2020 | 13.72% | 12.79% | 0.55x | 1.95x | CN¥63.81 Million |
| 2021 | 5.34% | 8.11% | 0.43x | 1.55x | CN¥-158.81 Million |
| 2022 | 5.27% | 7.06% | 0.47x | 1.59x | CN¥-165.15 Million |
| 2023 | 5.55% | 6.90% | 0.48x | 1.69x | CN¥-160.17 Million |
| 2024 | 10.56% | 10.98% | 0.49x | 1.96x | CN¥18.52 Million |
Industry Comparison
This section compares Grg Metrology's net assets metrics with peer companies in the Consulting Services industry.
Industry Context
- Industry: Consulting Services
- Average net assets among peers: $366,636,822
- Average return on equity (ROE) among peers: 10.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grg Metrology (002967) | CN¥3.54 Billion | 15.17% | 0.85x | $788.86 Million |
| Centre Testing Intl Shenzhen (300012) | $48.16 Million | 36.39% | 0.15x | $2.76 Billion |
| Shanghai HYP-ARCH Architectural Design Consultant Co.Ltd. (301024) | $664.40 Million | -26.79% | 0.20x | $79.54 Million |
| China Building Material (603060) | $387.35 Million | 21.98% | 0.56x | $222.42 Million |