Guangdong Electric Power Devel (200539) - Net Assets

Latest as of March 2026: HK$43.23 Billion HKD ≈ $5.52 Billion USD

Based on the latest financial reports, Guangdong Electric Power Devel (200539) has net assets worth HK$43.23 Billion HKD (≈ $5.52 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (HK$187.65 Billion ≈ $23.95 Billion USD) and total liabilities (HK$144.43 Billion ≈ $18.44 Billion 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 how tangible is Guangdong Electric Power Devel's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets HK$43.23 Billion
% of Total Assets 23.04%
Annual Growth Rate N/A
5-Year Change 26.62%
10-Year Change 41.33%
Growth Volatility 14.48

Guangdong Electric Power Devel - Net Assets Trend (1991–2025)

This chart illustrates how Guangdong Electric Power Devel's net assets have evolved over time, based on quarterly financial data. See Guangdong Electric Power Devel liquidity coverage in days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Guangdong Electric Power Devel (1991–2025)

The table below shows the annual net assets of Guangdong Electric Power Devel from 1991 to 2025. For live valuation and market cap data, see Guangdong Electric Power Devel (200539) market capitalisation.

Year Net Assets Change
2025-12-31 HK$41.46 Billion
≈ $5.29 Billion		 +15.30%
2024-12-31 HK$35.96 Billion
≈ $4.59 Billion		 +6.05%
2023-12-31 HK$33.91 Billion
≈ $4.33 Billion		 +18.06%
2022-12-31 HK$28.72 Billion
≈ $3.67 Billion		 -12.29%
2021-12-31 HK$32.75 Billion
≈ $4.18 Billion		 -8.39%
2020-12-31 HK$35.74 Billion
≈ $4.56 Billion		 +4.54%
2019-12-31 HK$34.19 Billion
≈ $4.36 Billion		 +8.48%
2018-12-31 HK$31.52 Billion
≈ $4.02 Billion		 +6.11%
2017-12-31 HK$29.70 Billion
≈ $3.79 Billion		 +1.25%
2016-12-31 HK$29.34 Billion
≈ $3.74 Billion		 -2.93%
2015-12-31 HK$30.22 Billion
≈ $3.86 Billion		 +8.77%
2014-12-31 HK$27.78 Billion
≈ $3.55 Billion		 +8.56%
2013-12-31 HK$25.59 Billion
≈ $3.27 Billion		 +16.46%
2012-12-31 HK$21.97 Billion
≈ $2.81 Billion		 +65.83%
2011-12-31 HK$13.25 Billion
≈ $1.69 Billion		 +1.28%
2010-12-31 HK$13.08 Billion
≈ $1.67 Billion		 +8.54%
2009-12-31 HK$12.05 Billion
≈ $1.54 Billion		 +8.37%
2008-12-31 HK$11.12 Billion
≈ $1.42 Billion		 -7.42%
2007-12-31 HK$12.02 Billion
≈ $1.53 Billion		 +3.86%
2006-12-31 HK$11.57 Billion
≈ $1.48 Billion		 +10.54%
2005-12-31 HK$10.47 Billion
≈ $1.34 Billion		 +4.55%
2004-12-31 HK$10.01 Billion
≈ $1.28 Billion		 +3.15%
2003-12-31 HK$9.70 Billion
≈ $1.24 Billion		 +18.56%
2002-12-31 HK$8.18 Billion
≈ $1.04 Billion		 -3.56%
2001-12-31 HK$8.49 Billion
≈ $1.08 Billion		 +17.12%
2000-12-31 HK$7.25 Billion
≈ $925.05 Million		 +13.08%
1999-12-31 HK$6.41 Billion
≈ $818.03 Million		 +10.40%
1998-12-31 HK$5.80 Billion
≈ $740.97 Million		 +7.92%
1997-12-31 HK$5.38 Billion
≈ $686.62 Million		 +8.94%
1996-12-31 HK$4.94 Billion
≈ $630.25 Million		 +22.95%
1995-12-31 HK$4.02 Billion
≈ $512.62 Million		 +46.30%
1994-12-31 HK$2.74 Billion
≈ $350.38 Million		 +11.81%
1993-12-31 HK$2.45 Billion
≈ $313.35 Million		 --
1992-12-31 HK$0.00
≈ $0.00		 --
1991-12-31 HK$0.00
≈ $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 263792369200.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings HK$2.64 Billion 11.25%
Other Components HK$20.81 Billion 88.75%
Total Equity HK$23.44 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
Insecticides (India) Limited
NSE:INSECTICID
 $220.21 Million
Paiho Shih Holdings Corp
TW:8404
 $220.28 Million
TTFB Co Ltd
TWO:2729
 $220.28 Million
COG Financial Services Ltd
AU:COG
 $220.32 Million
PRG Corporation Public Company Limited
BK:PRG
 $220.09 Million
Evans Bancorp Inc
NYSE MKT:EVBN
 $220.08 Million
Crane Harbor Acquisition Corp. - Class A Ordinary Shares
NASDAQ:CHAC
 $220.06 Million
Ellomay Capital Ltd
TA:ELLO
 $220.01 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 2024 to 2025, total equity changed from 22,894,682,000 to 23,444,357,218, a change of 549,675,218 (2.4%).
  • Net income of 599,942,339 contributed positively to equity growth.
  • Dividend payments of 2,947,428,934 reduced retained earnings.
  • Other factors increased equity by 2,897,161,813.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income HK$599.94 Million +2.56%
Dividends Paid HK$2.95 Billion -12.57%
Other Changes HK$2.90 Billion +12.36%
Total Change HK$- 2.40%

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: 0.48x
  • 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 54.47x to 0.48x 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$2.16 x
1992-12-31 HK$0.24 HK$2.16 x
1993-12-31 HK$0.78 HK$2.16 x
1994-12-31 HK$0.87 HK$2.16 x
1995-12-31 HK$0.91 HK$2.16 x
1996-12-31 HK$1.04 HK$2.16 x
1997-12-31 HK$1.13 HK$2.16 x
1998-12-31 HK$1.19 HK$2.16 x
1999-12-31 HK$1.33 HK$2.16 x
2000-12-31 HK$1.50 HK$2.16 x
2001-12-31 HK$1.91 HK$2.16 x
2002-12-31 HK$2.10 HK$2.16 x
2003-12-31 HK$2.49 HK$2.16 x
2004-12-31 HK$2.56 HK$2.16 x
2005-12-31 HK$2.65 HK$2.16 x
2006-12-31 HK$2.71 HK$2.16 x
2007-12-31 HK$2.89 HK$2.16 x
2008-12-31 HK$2.43 HK$2.16 x
2009-12-31 HK$2.92 HK$2.16 x
2010-12-31 HK$3.10 HK$2.16 x
2011-12-31 HK$2.18 HK$2.16 x
2012-12-31 HK$3.40 HK$2.16 x
2013-12-31 HK$3.63 HK$2.16 x
2014-12-31 HK$4.04 HK$2.16 x
2015-12-31 HK$4.52 HK$2.16 x
2016-12-31 HK$4.45 HK$2.16 x
2017-12-31 HK$4.51 HK$2.16 x
2018-12-31 HK$4.61 HK$2.16 x
2019-12-31 HK$4.99 HK$2.16 x
2020-12-31 HK$5.21 HK$2.16 x
2021-12-31 HK$4.42 HK$2.16 x
2022-12-31 HK$3.86 HK$2.16 x
2023-12-31 HK$4.22 HK$2.16 x
2024-12-31 HK$4.36 HK$2.16 x
2025-12-31 HK$4.47 HK$2.16 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): 2.56%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 1.16%
  • • Asset Turnover: 0.28x
  • • Equity Multiplier: 7.94x
  • Recent ROE (2.56%) is below the historical average (13.86%), 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$-1.63 Billion
2018 1.96% 1.73% 0.37x 3.03x HK$-1.95 Billion
2019 4.38% 3.91% 0.39x 2.88x HK$-1.47 Billion
2020 7.50% 6.11% 0.39x 3.14x HK$-683.09 Million
2021 -12.63% -6.59% 0.39x 4.93x HK$-5.25 Billion
2022 -14.72% -5.66% 0.40x 6.50x HK$-5.00 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
2025 2.56% 1.16% 0.28x 7.94x HK$-1.74 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: $4,015,083,755
  • Average return on equity (ROE) among peers: 7.40%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Guangdong Electric Power Devel (200539) HK$43.23 Billion 161.69% 3.34x $220.15 Million
Tunghsu Azure Renewable Energy Co Ltd (000040) $1.27 Billion 4.19% 2.37x $106.61 Million
Tianjin Guangyu Development Co Ltd (000537) $825.65 Million 14.03% 0.39x $2.45 Billion
Guangdong Electric Power Development Co Ltd (000539) $10.01 Billion 9.47% 0.36x $4.82 Billion
CECEP Solar Energy Co Ltd (000591) $396.94 Million 3.87% 4.33x $2.74 Billion
GEPIC Energy Development Co Ltd (000791) $378.43 Million -8.81% 0.62x $4.08 Billion
Tieling Newcity Investment Holding Ltd (000809) $2.88 Billion -1.26% 0.50x $444.15 Million
Hubei Energy Group Co Ltd (000883) $15.68 Billion 7.29% 1.15x $4.40 Billion
Fujian MinDong Electric Power Co Ltd (000993) $2.32 Billion 0.97% 0.92x $729.10 Million
Shenzhen Feima International Supply Chain Co Ltd (002210) $4.08 Billion 37.58% 3.83x $911.25 Million
Shenzhen Sunrise New Energy Co Ltd (002256) $2.32 Billion 6.62% 0.66x $1.17 Billion

About Guangdong Electric Power Devel

SHE:200539 China Utilities - Renewable
Market Cap
$220.15 Million
HK$1.72 Billion HKD
Market Cap Rank
#16270 Global
#4623 in China
Share Price
HK$2.16
Change (1 day)
-3.14%
52-Week Range
HK$1.76 - HK$2.26
All Time High
HK$3.96
Categories
Companies in China Utilities - Renewable
About

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 engages in investment, construction, and operation management of power projects and new energy projects; production and sales of electric power; technical consulting and services in the power industry; leasing of terminal faci… Read more