Guangdong Electric Power Devel
Guangdong Electric Power Development Co., Ltd., together with its subsidiaries, develops and operates electric power projects in the People's Republic of China. The company generates and sells electricity through thermal, coal-fired, natural gas, biomass, wind, solar, and hydropower sources. It also engages in development, construction, and operation of coal-fired power plants; investment of powe… Read more
Guangdong Electric Power Devel (200539) - Net Assets
Latest net assets as of June 2025: HK$35.93 Billion HKD
Based on the latest financial reports, Guangdong Electric Power Devel (200539) has net assets worth HK$35.93 Billion HKD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (HK$181.16 Billion) and total liabilities (HK$145.23 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 | HK$35.93 Billion |
| % of Total Assets | 19.83% |
| Annual Growth Rate | N/A |
| 5-Year Change | 0.61% |
| 10-Year Change | 18.99% |
| Growth Volatility | 14.68 |
Guangdong Electric Power Devel - Net Assets Trend (1991–2024)
This chart illustrates how Guangdong Electric Power Devel'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 Electric Power Devel (1991–2024)
The table below shows the annual net assets of Guangdong Electric Power Devel from 1991 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | HK$35.96 Billion | +6.05% |
| 2023-12-31 | HK$33.91 Billion | +18.06% |
| 2022-12-31 | HK$28.72 Billion | -12.29% |
| 2021-12-31 | HK$32.75 Billion | -8.39% |
| 2020-12-31 | HK$35.74 Billion | +4.54% |
| 2019-12-31 | HK$34.19 Billion | +8.48% |
| 2018-12-31 | HK$31.52 Billion | +6.11% |
| 2017-12-31 | HK$29.70 Billion | +1.25% |
| 2016-12-31 | HK$29.34 Billion | -2.93% |
| 2015-12-31 | HK$30.22 Billion | +8.77% |
| 2014-12-31 | HK$27.78 Billion | +8.56% |
| 2013-12-31 | HK$25.59 Billion | +16.46% |
| 2012-12-31 | HK$21.97 Billion | +65.83% |
| 2011-12-31 | HK$13.25 Billion | +1.28% |
| 2010-12-31 | HK$13.08 Billion | +8.54% |
| 2009-12-31 | HK$12.05 Billion | +8.37% |
| 2008-12-31 | HK$11.12 Billion | -7.42% |
| 2007-12-31 | HK$12.02 Billion | +3.86% |
| 2006-12-31 | HK$11.57 Billion | +10.54% |
| 2005-12-31 | HK$10.47 Billion | +4.55% |
| 2004-12-31 | HK$10.01 Billion | +3.15% |
| 2003-12-31 | HK$9.70 Billion | +18.56% |
| 2002-12-31 | HK$8.18 Billion | -3.56% |
| 2001-12-31 | HK$8.49 Billion | +17.12% |
| 2000-12-31 | HK$7.25 Billion | +13.08% |
| 1999-12-31 | HK$6.41 Billion | +10.40% |
| 1998-12-31 | HK$5.80 Billion | +7.92% |
| 1997-12-31 | HK$5.38 Billion | +8.94% |
| 1996-12-31 | HK$4.94 Billion | +22.95% |
| 1995-12-31 | HK$4.02 Billion | +46.30% |
| 1994-12-31 | HK$2.74 Billion | +11.81% |
| 1993-12-31 | HK$2.45 Billion | -- |
| 1992-12-31 | HK$0.00 | -- |
| 1991-12-31 | HK$0.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Guangdong Electric Power Devel'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 214298700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | HK$2.14 Billion | 9.36% |
| Common Stock | HK$5.25 Billion | 22.93% |
| Other Components | HK$15.50 Billion | 67.71% |
| Total Equity | HK$22.89 Billion | 100.00% |
Guangdong Electric Power Devel Competitors by Market Cap
The table below lists competitors of Guangdong Electric Power Devel ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ningxia Qinglong Pipes Industry Co Ltd
SHE:002457
|
$388.59 Million |
|
Fine Semitech Corp
KQ:036810
|
$388.60 Million |
|
Jiaxing ZMAX Optech Co. Ltd. A
SHG:688307
|
$388.60 Million |
|
Einhell Germany AG
F:EIN
|
$388.61 Million |
|
Portillo's Inc
NASDAQ:PTLO
|
$388.43 Million |
|
B&G Foods Inc
NYSE:BGS
|
$388.38 Million |
|
NICE Information Service Co. Ltd
KQ:030190
|
$388.19 Million |
|
Yuexiu Transport Infrastructure Limited
PINK:GZITF
|
$388.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Electric Power Devel's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 22,141,735,460 to 22,894,682,000, a change of 752,946,540 (3.4%).
- Net income of 964,243,000 contributed positively to equity growth.
- Dividend payments of 2,805,642,000 reduced retained earnings.
- Other factors increased equity by 2,594,345,540.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | HK$964.24 Million | +4.21% |
| Dividends Paid | HK$2.81 Billion | -12.25% |
| Other Changes | HK$2.59 Billion | +11.33% |
| Total Change | HK$- | 3.40% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Electric Power Devel'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: 0.47x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 51.20x to 0.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-12-31 | HK$0.04 | HK$2.03 | x |
| 1992-12-31 | HK$0.24 | HK$2.03 | x |
| 1993-12-31 | HK$0.78 | HK$2.03 | x |
| 1994-12-31 | HK$0.87 | HK$2.03 | x |
| 1995-12-31 | HK$0.91 | HK$2.03 | x |
| 1996-12-31 | HK$1.04 | HK$2.03 | x |
| 1997-12-31 | HK$1.13 | HK$2.03 | x |
| 1998-12-31 | HK$1.19 | HK$2.03 | x |
| 1999-12-31 | HK$1.33 | HK$2.03 | x |
| 2000-12-31 | HK$1.50 | HK$2.03 | x |
| 2001-12-31 | HK$1.91 | HK$2.03 | x |
| 2002-12-31 | HK$2.10 | HK$2.03 | x |
| 2003-12-31 | HK$2.49 | HK$2.03 | x |
| 2004-12-31 | HK$2.56 | HK$2.03 | x |
| 2005-12-31 | HK$2.65 | HK$2.03 | x |
| 2006-12-31 | HK$2.71 | HK$2.03 | x |
| 2007-12-31 | HK$2.89 | HK$2.03 | x |
| 2008-12-31 | HK$2.43 | HK$2.03 | x |
| 2009-12-31 | HK$2.92 | HK$2.03 | x |
| 2010-12-31 | HK$3.10 | HK$2.03 | x |
| 2011-12-31 | HK$2.18 | HK$2.03 | x |
| 2012-12-31 | HK$3.43 | HK$2.03 | x |
| 2013-12-31 | HK$3.65 | HK$2.03 | x |
| 2014-12-31 | HK$4.04 | HK$2.03 | x |
| 2015-12-31 | HK$4.55 | HK$2.03 | x |
| 2016-12-31 | HK$4.49 | HK$2.03 | x |
| 2017-12-31 | HK$4.46 | HK$2.03 | x |
| 2018-12-31 | HK$4.60 | HK$2.03 | x |
| 2019-12-31 | HK$5.02 | HK$2.03 | x |
| 2020-12-31 | HK$5.20 | HK$2.03 | x |
| 2021-12-31 | HK$4.43 | HK$2.03 | x |
| 2022-12-31 | HK$3.84 | HK$2.03 | x |
| 2023-12-31 | HK$4.22 | HK$2.03 | x |
| 2024-12-31 | HK$4.36 | HK$2.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Electric Power Devel 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): 4.21%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.69%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 7.65x
- Recent ROE (4.21%) is below the historical average (13.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 161.69% | 24.88% | 1.01x | 6.43x | HK$190.23 Million |
| 1992 | 18.82% | 19.38% | 0.54x | 1.79x | HK$68.02 Million |
| 1993 | 14.80% | 32.49% | 0.45x | 1.01x | HK$117.90 Million |
| 1994 | 13.49% | 34.57% | 0.38x | 1.02x | HK$95.81 Million |
| 1995 | 12.88% | 24.55% | 0.33x | 1.59x | HK$82.86 Million |
| 1996 | 17.04% | 26.27% | 0.37x | 1.73x | HK$230.47 Million |
| 1997 | 16.82% | 25.32% | 0.34x | 1.97x | HK$243.86 Million |
| 1998 | 18.44% | 25.17% | 0.35x | 2.08x | HK$317.12 Million |
| 1999 | 19.86% | 24.28% | 0.40x | 2.04x | HK$414.29 Million |
| 2000 | 20.49% | 22.63% | 0.38x | 2.39x | HK$496.73 Million |
| 2001 | 17.48% | 19.44% | 0.45x | 2.01x | HK$452.50 Million |
| 2002 | 17.95% | 21.18% | 0.48x | 1.77x | HK$526.92 Million |
| 2003 | 15.92% | 20.82% | 0.48x | 1.58x | HK$466.66 Million |
| 2004 | 11.70% | 13.26% | 0.54x | 1.64x | HK$137.93 Million |
| 2005 | 8.60% | 8.66% | 0.49x | 2.03x | HK$-117.58 Million |
| 2006 | 8.83% | 8.81% | 0.43x | 2.36x | HK$-101.36 Million |
| 2007 | 7.21% | 6.34% | 0.43x | 2.63x | HK$-255.57 Million |
| 2008 | 0.34% | 0.25% | 0.47x | 2.92x | HK$-814.90 Million |
| 2009 | 12.57% | 9.52% | 0.41x | 3.25x | HK$238.17 Million |
| 2010 | 7.53% | 6.06% | 0.37x | 3.40x | HK$-250.77 Million |
| 2011 | 3.49% | 2.44% | 0.37x | 3.87x | HK$-664.34 Million |
| 2012 | 10.45% | 5.76% | 0.45x | 4.04x | HK$73.20 Million |
| 2013 | 16.20% | 10.01% | 0.45x | 3.56x | HK$1.18 Billion |
| 2014 | 14.10% | 10.34% | 0.42x | 3.24x | HK$872.97 Million |
| 2015 | 13.63% | 12.59% | 0.36x | 3.03x | HK$862.27 Million |
| 2016 | 4.01% | 4.13% | 0.32x | 3.02x | HK$-1.40 Billion |
| 2017 | 3.14% | 2.79% | 0.38x | 3.00x | HK$-1.63 Billion |
| 2018 | 3.76% | 3.32% | 0.37x | 3.03x | HK$-1.51 Billion |
| 2019 | 6.90% | 6.16% | 0.39x | 2.88x | HK$-810.65 Million |
| 2020 | 7.50% | 7.25% | 0.33x | 3.14x | HK$-683.09 Million |
| 2021 | -19.29% | -10.13% | 0.39x | 4.93x | HK$-6.79 Billion |
| 2022 | -22.31% | -8.57% | 0.40x | 6.50x | HK$-6.54 Billion |
| 2023 | 4.40% | 1.63% | 0.37x | 7.28x | HK$-1.24 Billion |
| 2024 | 4.21% | 1.69% | 0.33x | 7.65x | HK$-1.33 Billion |
Industry Comparison
This section compares Guangdong Electric Power Devel's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $1,781,691,745
- Average return on equity (ROE) among peers: 10.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Electric Power Devel (200539) | HK$35.93 Billion | 161.69% | 4.04x | $388.49 Million |
| Tunghsu Azure Renewable Energy Co Ltd (000040) | $867.90 Million | 2.09% | 1.86x | $58.47 Million |
| Tianjin Guangyu Development Co Ltd (000537) | $277.96 Million | 10.57% | 1.45x | $889.49 Million |
| CECEP Solar Energy Co Ltd (000591) | $162.02 Million | 10.48% | 1.97x | $2.20 Billion |
| GEPIC Energy Development Co Ltd (000791) | $7.49 Billion | 5.90% | 1.54x | $765.93 Million |
| Tieling Newcity Investment Holding Ltd (000809) | $3.45 Billion | 20.56% | 0.64x | $269.10 Million |
| Hubei Energy Group Co Ltd (000883) | $730.62 Million | 9.40% | 0.33x | $1.99 Billion |
| Fujian MinDong Electric Power Co Ltd (000993) | $1.70 Billion | 3.61% | 1.46x | $406.20 Million |
| Xinjiang Lixin Energy Co. Ltd. A (001258) | $2.92 Billion | 1.72% | 4.24x | $377.98 Million |
| Shenzhen Feima International Supply Chain Co Ltd (002210) | $148.08 Million | 3.32% | 6.54x | $718.01 Million |
| Shenzhen Sunrise New Energy Co Ltd (002256) | $65.12 Million | 40.54% | 1.51x | $785.39 Million |