Grg Metrology (002967) - Net Assets

Latest as of December 2025: CN¥3.73 Billion CNY ≈ $546.47 Million USD

Based on the latest financial reports, Grg Metrology (002967) has net assets worth CN¥3.73 Billion CNY (≈ $546.47 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥6.74 Billion ≈ $986.93 Million USD) and total liabilities (CN¥3.01 Billion ≈ $440.47 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 Grg Metrology liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥3.73 Billion
% of Total Assets	55.37%
Annual Growth Rate	34.94%
5-Year Change	10.64%
10-Year Change	445.19%
Growth Volatility	49.49

Grg Metrology - Net Assets Trend (2012–2025)

This chart illustrates how Grg Metrology's net assets have evolved over time, based on quarterly financial data. Also explore 002967 asset base for the complete picture of this company's asset base.

Annual Net Assets for Grg Metrology (2012–2025)

The table below shows the annual net assets of Grg Metrology from 2012 to 2025. For live valuation and market cap data, see market cap of Grg Metrology.

Year	Net Assets	Change
2025-12-31	CN¥3.84 Billion ≈ $561.83 Million	+12.34%
2024-12-31	CN¥3.42 Billion ≈ $500.11 Million	-6.94%
2023-12-31	CN¥3.67 Billion ≈ $537.42 Million	+3.02%
2022-12-31	CN¥3.56 Billion ≈ $521.67 Million	+2.73%
2021-12-31	CN¥3.47 Billion ≈ $507.80 Million	+96.47%
2020-12-31	CN¥1.77 Billion ≈ $258.46 Million	+15.53%
2019-12-31	CN¥1.53 Billion ≈ $223.72 Million	+91.53%
2018-12-31	CN¥798.25 Million ≈ $116.81 Million	+3.09%
2017-12-31	CN¥774.34 Million ≈ $113.31 Million	+9.95%
2016-12-31	CN¥704.25 Million ≈ $103.05 Million	+142.21%
2015-12-31	CN¥290.76 Million ≈ $42.55 Million	+53.84%
2014-12-31	CN¥189.00 Million ≈ $27.66 Million	+117.62%
2013-12-31	CN¥86.85 Million ≈ $12.71 Million	+11.20%
2012-12-31	CN¥78.10 Million ≈ $11.43 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 6990.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥1.29 Billion	35.61%
Common Stock	CN¥583.14 Million	16.15%
Other Comprehensive Income	CN¥-298.14 Million	-8.26%
Other Components	CN¥2.04 Billion	56.50%
Total Equity	CN¥3.61 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
Vermilion Energy Inc. TO:VET	$1.99 Billion
Select Medical Holdings NYSE:SEM	$1.99 Billion
BRP Inc TO:DOO	$1.99 Billion
Hangzhou Steam Turbine SHE:200771	$1.99 Billion
Grifols S.A F:G0FB	$1.99 Billion
Dynex Capital Inc NYSE:DX	$1.99 Billion
RLX Technology Inc NYSE:RLX	$1.99 Billion
Spartan Delta Corp TO:SDE	$1.99 Billion

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 2024 to 2025, total equity changed from 3,335,918,962 to 3,610,694,987, a change of 274,776,025 (8.2%).
Net income of 424,537,089 contributed positively to equity growth.
Dividend payments of 168,116,310 reduced retained earnings.
Share repurchases of 898,569 reduced equity.
Other comprehensive income decreased equity by 298,140,226.
Other factors increased equity by 317,394,041.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥424.54 Million	+11.76%
Dividends Paid	CN¥168.12 Million	-4.66%
Share Repurchases	CN¥898.57K	-0.02%
Other Comprehensive Income	CN¥-298.14 Million	-8.26%
Other Changes	CN¥317.39 Million	+8.79%
Total Change	CN¥-	8.24%

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: 3.31x
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 28.81x to 3.31x 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¥21.37	x
2013-12-31	CN¥0.81	CN¥21.37	x
2014-12-31	CN¥1.25	CN¥21.37	x
2015-12-31	CN¥1.77	CN¥21.37	x
2016-12-31	CN¥2.18	CN¥21.37	x
2017-12-31	CN¥1.92	CN¥21.37	x
2018-12-31	CN¥2.00	CN¥21.37	x
2019-12-31	CN¥3.78	CN¥21.37	x
2020-12-31	CN¥3.21	CN¥21.37	x
2021-12-31	CN¥6.18	CN¥21.37	x
2022-12-31	CN¥6.07	CN¥21.37	x
2023-12-31	CN¥6.31	CN¥21.37	x
2024-12-31	CN¥5.78	CN¥21.37	x
2025-12-31	CN¥6.46	CN¥21.37	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): 11.76%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 11.81%
• Asset Turnover: 0.53x
• Equity Multiplier: 1.89x
Recent ROE (11.76%) is above the historical average (11.08%), indicating improving 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
2025	11.76%	11.81%	0.53x	1.89x	CN¥63.47 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: $715,015,750
Average return on equity (ROE) among peers: 8.05%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Grg Metrology (002967)	CN¥3.73 Billion	15.17%	0.81x	$1.99 Billion
Centre Testing Intl Shenzhen (300012)	$48.16 Million	36.39%	0.15x	$4.07 Billion
Shanghai HYP-ARCH Architectural Design Consultant Co.Ltd. (301024)	$664.40 Million	-26.79%	0.20x	$383.81 Million
China Building Material (603060)	$1.43 Billion	14.54%	0.31x	$785.87 Million

About Grg Metrology

SHE:002967 China Consulting Services

Market Cap

$1.99 Billion

CN¥13.62 Billion CNY

Market Cap Rank

#6272 Global

#1388 in China

Share Price

CN¥21.37

Change (1 day)

-0.65%

52-Week Range

CN¥16.36 - CN¥25.11

All Time High

CN¥43.97