Gansu Golden Glass Technologies Co Ltd (300093) - Net Assets
Based on the latest financial reports, Gansu Golden Glass Technologies Co Ltd (300093) has net assets worth CN¥-1.20 Billion CNY (≈ $-175.04 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.88 Billion ≈ $422.15 Million USD) and total liabilities (CN¥4.08 Billion ≈ $597.19 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 how resilient are Gansu Golden Glass Technologies Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥-1.20 Billion |
| % of Total Assets | -41.46% |
| Annual Growth Rate | N/A |
| 5-Year Change | -257.41% |
| 10-Year Change | -191.38% |
| Growth Volatility | 678.48 |
Gansu Golden Glass Technologies Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Gansu Golden Glass Technologies Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Gansu Golden Glass Technologies Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Gansu Golden Glass Technologies Co Ltd (2007–2024)
The table below shows the annual net assets of Gansu Golden Glass Technologies Co Ltd from 2007 to 2024. For live valuation and market cap data, see Gansu Golden Glass Technologies Co Ltd (300093) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥-798.18 Million ≈ $-116.80 Million |
-2869.49% |
| 2023-12-31 | CN¥28.82 Million ≈ $4.22 Million |
-58.46% |
| 2022-12-31 | CN¥69.38 Million ≈ $10.15 Million |
-77.50% |
| 2021-12-31 | CN¥308.33 Million ≈ $45.12 Million |
-39.19% |
| 2020-12-31 | CN¥507.06 Million ≈ $74.20 Million |
-19.54% |
| 2019-12-31 | CN¥630.17 Million ≈ $92.21 Million |
-29.98% |
| 2018-12-31 | CN¥899.94 Million ≈ $131.69 Million |
+0.51% |
| 2017-12-31 | CN¥895.40 Million ≈ $131.03 Million |
+2.56% |
| 2016-12-31 | CN¥873.02 Million ≈ $127.75 Million |
-0.05% |
| 2015-12-31 | CN¥873.43 Million ≈ $127.81 Million |
-0.17% |
| 2014-12-31 | CN¥874.94 Million ≈ $128.03 Million |
+2.07% |
| 2013-12-31 | CN¥857.17 Million ≈ $125.43 Million |
+0.86% |
| 2012-12-31 | CN¥849.83 Million ≈ $124.36 Million |
+2.74% |
| 2011-12-31 | CN¥827.16 Million ≈ $121.04 Million |
+4.14% |
| 2010-12-31 | CN¥794.28 Million ≈ $116.23 Million |
+178.78% |
| 2009-12-31 | CN¥284.91 Million ≈ $41.69 Million |
+13.01% |
| 2008-12-31 | CN¥252.11 Million ≈ $36.89 Million |
+90.54% |
| 2007-12-31 | CN¥132.31 Million ≈ $19.36 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Gansu Golden Glass Technologies 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 decreased by 3117.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥216.00 Million | % |
| Other Comprehensive Income | CN¥43.45 Million | % |
| Other Components | CN¥729.09 Million | % |
| Total Equity | CN¥-795.36 Million | 100.00% |
Gansu Golden Glass Technologies Co Ltd Competitors by Market Cap
The table below lists competitors of Gansu Golden Glass Technologies Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Sea Star Technology
SHE:002137
|
$698.03 Million |
|
Kossan Rubber Industries Bhd
KLSE:7153
|
$698.28 Million |
|
Zhuhai Port Co Ltd
SHE:000507
|
$698.50 Million |
|
Zhejiang Fuchunjiang Environmental Thermoelectric Co Ltd
SHE:002479
|
$698.70 Million |
|
India Glycols Limited
NSE:INDIAGLYCO
|
$697.83 Million |
|
Fineos Corporation Holdings Plc
AU:FCL
|
$697.81 Million |
|
Regional Container Lines Public Company Limited
BK:RCL-R
|
$697.45 Million |
|
Enhabit Inc.
NYSE:EHAB
|
$697.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gansu Golden Glass Technologies Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 26,468,016 to -795,363,828, a change of -821,831,844 (-3105.0%).
- Net loss of 795,253,962 reduced equity.
- Dividend payments of 38,239,452 reduced retained earnings.
- Other comprehensive income decreased equity by 2,477,736.
- Other factors increased equity by 14,139,306.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-795.25 Million | -99.99% |
| Dividends Paid | CN¥38.24 Million | -4.81% |
| Other Comprehensive Income | CN¥-2.48 Million | -0.31% |
| Other Changes | CN¥14.14 Million | +1.78% |
| Total Change | CN¥- | -3105.00% |
Book Value vs Market Value Analysis
This analysis compares Gansu Golden Glass Technologies 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.85 | CN¥22.08 | x |
| 2008-12-31 | CN¥1.63 | CN¥22.08 | x |
| 2009-12-31 | CN¥1.74 | CN¥22.08 | x |
| 2010-12-31 | CN¥4.36 | CN¥22.08 | x |
| 2011-12-31 | CN¥3.91 | CN¥22.08 | x |
| 2012-12-31 | CN¥4.05 | CN¥22.08 | x |
| 2013-12-31 | CN¥3.67 | CN¥22.08 | x |
| 2014-12-31 | CN¥4.08 | CN¥22.08 | x |
| 2015-12-31 | CN¥3.78 | CN¥22.08 | x |
| 2016-12-31 | CN¥3.73 | CN¥22.08 | x |
| 2017-12-31 | CN¥4.15 | CN¥22.08 | x |
| 2018-12-31 | CN¥3.56 | CN¥22.08 | x |
| 2019-12-31 | CN¥2.93 | CN¥22.08 | x |
| 2020-12-31 | CN¥2.36 | CN¥22.08 | x |
| 2021-12-31 | CN¥1.44 | CN¥22.08 | x |
| 2022-12-31 | CN¥0.11 | CN¥22.08 | x |
| 2023-12-31 | CN¥0.12 | CN¥22.08 | x |
| 2024-12-31 | CN¥-3.68 | CN¥22.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gansu Golden Glass Technologies 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -643.02%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-137.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 18.08% | 13.72% | 0.59x | 2.22x | CN¥10.69 Million |
| 2008 | 14.66% | 19.15% | 0.57x | 1.34x | CN¥11.76 Million |
| 2009 | 14.67% | 16.38% | 0.61x | 1.47x | CN¥13.32 Million |
| 2010 | 5.50% | 14.79% | 0.30x | 1.24x | CN¥-35.72 Million |
| 2011 | 5.38% | 12.75% | 0.33x | 1.27x | CN¥-38.24 Million |
| 2012 | 3.21% | 7.63% | 0.30x | 1.41x | CN¥-57.69 Million |
| 2013 | 1.36% | 2.92% | 0.28x | 1.68x | CN¥-74.04 Million |
| 2014 | 2.21% | 4.46% | 0.27x | 1.82x | CN¥-68.18 Million |
| 2015 | 0.53% | 1.32% | 0.22x | 1.86x | CN¥-82.73 Million |
| 2016 | 0.54% | 1.33% | 0.28x | 1.47x | CN¥-82.62 Million |
| 2017 | 2.00% | 2.98% | 0.39x | 1.72x | CN¥-71.64 Million |
| 2018 | 1.41% | 1.72% | 0.48x | 1.72x | CN¥-77.34 Million |
| 2019 | -14.29% | -14.75% | 0.48x | 2.02x | CN¥-153.59 Million |
| 2020 | -25.73% | -39.77% | 0.33x | 1.94x | CN¥-181.88 Million |
| 2021 | -65.04% | -63.02% | 0.23x | 4.47x | CN¥-233.22 Million |
| 2022 | -1072.90% | -50.85% | 0.21x | 98.65x | CN¥-267.93 Million |
| 2023 | -1366.80% | -62.33% | 0.20x | 109.97x | CN¥-364.41 Million |
| 2024 | 0.00% | -643.02% | 0.05x | 0.00x | CN¥-715.72 Million |
Industry Comparison
This section compares Gansu Golden Glass Technologies Co Ltd's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $3,110,835,476
- Average return on equity (ROE) among peers: -10.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gansu Golden Glass Technologies Co Ltd (300093) | CN¥-1.20 Billion | 18.08% | N/A | $697.90 Million |
| Shenzhen Topraysolar Co Ltd (002218) | $2.83 Billion | 5.76% | 1.03x | $1.13 Billion |
| JA Solar Technology Co Ltd (002459) | $517.20 Million | -82.98% | 2.14x | $5.26 Billion |
| GCL System Integration Technology Co Ltd (002506) | $4.32 Billion | -61.14% | 2.22x | $3.62 Billion |
| Changzhou Almaden Co Ltd (002623) | $3.27 Billion | 2.55% | 0.61x | $617.25 Million |
| Hainan Drinda Automotive Trim Co Ltd (002865) | $376.87 Million | 16.83% | 0.83x | $2.70 Billion |
| Henan Yicheng New Energy Co Ltd (300080) | $1.91 Billion | 1.43% | 0.45x | $1.23 Billion |
| Risen Energy (300118) | $9.37 Billion | 10.39% | 1.73x | $2.96 Billion |
| Lingda Group Co Ltd (300125) | $771.02 Million | 4.76% | 0.63x | $956.81 Million |
| Jolywood Suzhou Sunwatt Co Ltd (300393) | $4.63 Billion | 8.67% | 2.67x | $1.61 Billion |
About Gansu Golden Glass Technologies Co Ltd
Gansu Golden Solar Co., Ltd engages in the research, development, and production of various photovoltaic cells and components in China and internationally. The company offers security glass products, fireproof glass, and door and window systems. It also provides heterojunction technology through battery components, cells, and modules, as well as power plant solutions for residential, commercial, … Read more