Guangdong Shunkong Development Co Ltd
Guangdong Shunkong Development Co.,Ltd. engages in the production and sale of tap water in China. It offers waste treatment, municipal engineering, and environmental testing and protection consulting, and ecological and environmental services. The company also provides garbage disposal and sludge treatment services. The company was founded in 1992 and is based in Foshan, China. Guangdong Shunkong… Read more
Guangdong Shunkong Development Co Ltd (003039) - Net Assets
Latest net assets as of September 2025: CN¥3.78 Billion CNY
Based on the latest financial reports, Guangdong Shunkong Development Co Ltd (003039) has net assets worth CN¥3.78 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¥7.75 Billion) and total liabilities (CN¥3.97 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¥3.78 Billion |
| % of Total Assets | 48.79% |
| Annual Growth Rate | 32.77% |
| 5-Year Change | 61.85% |
| 10-Year Change | 126.47% |
| Growth Volatility | 1188.58 |
Guangdong Shunkong Development Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Guangdong Shunkong Development 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 Shunkong Development Co Ltd (2007–2024)
The table below shows the annual net assets of Guangdong Shunkong Development Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.66 Billion | +8.38% |
| 2023-12-31 | CN¥3.38 Billion | +9.81% |
| 2022-12-31 | CN¥3.08 Billion | +8.32% |
| 2021-12-31 | CN¥2.84 Billion | +25.55% |
| 2020-12-31 | CN¥2.26 Billion | +13.80% |
| 2019-12-31 | CN¥1.99 Billion | +18.54% |
| 2018-12-31 | CN¥1.68 Billion | +19.66% |
| 2017-12-31 | CN¥1.40 Billion | -24.74% |
| 2016-12-31 | CN¥1.86 Billion | +15.19% |
| 2015-12-31 | CN¥1.62 Billion | -19.97% |
| 2014-12-31 | CN¥2.02 Billion | +10.53% |
| 2013-12-31 | CN¥1.83 Billion | +5.43% |
| 2012-12-31 | CN¥1.73 Billion | +7.06% |
| 2011-12-31 | CN¥1.62 Billion | +2.47% |
| 2010-12-31 | CN¥1.58 Billion | -19.23% |
| 2009-12-31 | CN¥1.96 Billion | +5057.89% |
| 2008-12-31 | CN¥37.92 Million | +28.33% |
| 2007-12-31 | CN¥29.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Guangdong Shunkong Development 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 154225604798.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.46 Billion | 53.50% |
| Common Stock | CN¥617.52 Million | 22.58% |
| Other Components | CN¥653.89 Million | 23.91% |
| Total Equity | CN¥2.73 Billion | 100.00% |
Guangdong Shunkong Development Co Ltd Competitors by Market Cap
The table below lists competitors of Guangdong Shunkong Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SI-TECH Information Technology Co Ltd
SHE:300608
|
$276.26 Million |
|
Sequent Scientific Limited
NSE:SEQUENT
|
$276.27 Million |
|
Guangdong Weide Information Technology Co. Ltd. A
SHG:688171
|
$276.27 Million |
|
FIC Global Inc
TW:3701
|
$276.28 Million |
|
Kempower Oyj
HE:KEMPOWR
|
$276.12 Million |
|
Greentown Management Holdings Company Limited
PINK:GRMHF
|
$276.06 Million |
|
BEH Property Co Ltd
SHG:600791
|
$275.84 Million |
|
Central Bank of India
NSE:CENTRALBK
|
$275.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Shunkong Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,575,114,339 to 2,734,325,534, a change of 159,211,195 (6.2%).
- Net income of 268,369,311 contributed positively to equity growth.
- Dividend payments of 340,151,027 reduced retained earnings.
- Other factors increased equity by 230,992,911.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥268.37 Million | +9.81% |
| Dividends Paid | CN¥340.15 Million | -12.44% |
| Other Changes | CN¥230.99 Million | +8.45% |
| Total Change | CN¥- | 6.18% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Shunkong Development 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: 3.74x
- 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 271.40x 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 |
|---|---|---|---|
| 2007-12-31 | CN¥0.06 | CN¥16.54 | x |
| 2008-12-31 | CN¥0.08 | CN¥16.54 | x |
| 2009-12-31 | CN¥4.03 | CN¥16.54 | x |
| 2010-12-31 | CN¥3.26 | CN¥16.54 | x |
| 2011-12-31 | CN¥3.34 | CN¥16.54 | x |
| 2012-12-31 | CN¥3.57 | CN¥16.54 | x |
| 2013-12-31 | CN¥3.77 | CN¥16.54 | x |
| 2014-12-31 | CN¥4.16 | CN¥16.54 | x |
| 2015-12-31 | CN¥3.33 | CN¥16.54 | x |
| 2016-12-31 | CN¥3.53 | CN¥16.54 | x |
| 2017-12-31 | CN¥2.06 | CN¥16.54 | x |
| 2018-12-31 | CN¥2.55 | CN¥16.54 | x |
| 2019-12-31 | CN¥2.47 | CN¥16.54 | x |
| 2020-12-31 | CN¥2.80 | CN¥16.54 | x |
| 2021-12-31 | CN¥3.63 | CN¥16.54 | x |
| 2022-12-31 | CN¥3.89 | CN¥16.54 | x |
| 2023-12-31 | CN¥4.17 | CN¥16.54 | x |
| 2024-12-31 | CN¥4.43 | CN¥16.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Shunkong Development 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): 9.81%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.59%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 2.64x
- Recent ROE (9.81%) is below the historical average (13.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 66.75% | 8.06% | 0.41x | 20.21x | CN¥16.77 Million |
| 2008 | 36.33% | 5.77% | 0.34x | 18.39x | CN¥9.98 Million |
| 2009 | 0.67% | 5.29% | 0.08x | 1.52x | CN¥-182.44 Million |
| 2010 | 2.27% | 7.97% | 0.15x | 1.93x | CN¥-122.05 Million |
| 2011 | 3.21% | 10.32% | 0.17x | 1.84x | CN¥-109.92 Million |
| 2012 | 5.30% | 15.38% | 0.18x | 1.93x | CN¥-81.49 Million |
| 2013 | 5.74% | 17.19% | 0.19x | 1.76x | CN¥-77.76 Million |
| 2014 | 6.85% | 21.84% | 0.19x | 1.69x | CN¥-63.52 Million |
| 2015 | 9.92% | 24.49% | 0.21x | 1.91x | CN¥-1.27 Million |
| 2016 | 8.21% | 22.37% | 0.18x | 2.04x | CN¥-30.98 Million |
| 2017 | 11.14% | 16.35% | 0.24x | 2.87x | CN¥11.67 Million |
| 2018 | 15.31% | 23.41% | 0.20x | 3.24x | CN¥68.39 Million |
| 2019 | 15.45% | 19.87% | 0.27x | 2.83x | CN¥83.16 Million |
| 2020 | 15.48% | 21.71% | 0.30x | 2.35x | CN¥94.90 Million |
| 2021 | 12.21% | 20.43% | 0.30x | 1.97x | CN¥49.42 Million |
| 2022 | 9.94% | 18.08% | 0.29x | 1.92x | CN¥-1.47 Million |
| 2023 | 9.46% | 16.73% | 0.27x | 2.07x | CN¥-13.96 Million |
| 2024 | 9.81% | 14.59% | 0.26x | 2.64x | CN¥-5.06 Million |
Industry Comparison
This section compares Guangdong Shunkong Development Co Ltd's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $3,545,975,365
- Average return on equity (ROE) among peers: 6.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Shunkong Development Co Ltd (003039) | CN¥3.78 Billion | 66.75% | 1.05x | $276.18 Million |
| Chengdu Xingrong Investment Co Ltd (000598) | $11.99 Billion | 9.01% | 1.11x | $1.21 Billion |
| Bohai Water Industry Co Ltd (000605) | $164.13 Million | 2.53% | 1.04x | $171.74 Million |
| Zhongshan Public Utilities Group Co Ltd (000685) | $11.04 Billion | 13.53% | 0.25x | $1.16 Billion |
| Gansu Dayu Water saving Group (300021) | $2.33 Billion | 3.48% | 3.01x | $349.89 Million |
| Beijing Water Business Doctor (300055) | $1.60 Billion | 3.85% | 0.13x | $355.06 Million |
| BGT Group Co. Ltd. (300774) | $1.52 Billion | 2.16% | 0.65x | $371.81 Million |
| Hynar Water Group Co. Ltd. (300961) | $695.55 Million | 13.29% | 1.35x | $339.95 Million |
| Shenzhen Water Planning & Design Institute Co. Ltd. (301038) | $942.31 Million | 11.26% | 0.90x | $202.63 Million |
| Wuhan Sanzhen Industry Holding Co Ltd (600168) | $1.63 Billion | 3.60% | 0.65x | $316.91 Million |