Guangdong Dowstone Technology Co Ltd (300409) - Net Assets
Based on the latest financial reports, Guangdong Dowstone Technology Co Ltd (300409) has net assets worth CN¥8.46 Billion CNY (≈ $1.24 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 (CN¥14.08 Billion ≈ $2.06 Billion USD) and total liabilities (CN¥5.61 Billion ≈ $821.37 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 Guangdong Dowstone Technology Co Ltd (300409) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥8.46 Billion |
| % of Total Assets | 60.12% |
| Annual Growth Rate | 32.56% |
| 5-Year Change | 81.37% |
| 10-Year Change | 586.43% |
| Growth Volatility | 38.45 |
Guangdong Dowstone Technology Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Guangdong Dowstone Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See Guangdong Dowstone Technology Co Ltd (300409) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Guangdong Dowstone Technology Co Ltd (2011–2025)
The table below shows the annual net assets of Guangdong Dowstone Technology Co Ltd from 2011 to 2025. For live valuation and market cap data, see market cap of Guangdong Dowstone Technology Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥8.37 Billion ≈ $1.22 Billion |
+13.41% |
| 2024-12-31 | CN¥7.38 Billion ≈ $1.08 Billion |
+3.93% |
| 2023-12-31 | CN¥7.10 Billion ≈ $1.04 Billion |
+11.38% |
| 2022-12-31 | CN¥6.37 Billion ≈ $932.76 Million |
+38.15% |
| 2021-12-31 | CN¥4.61 Billion ≈ $675.20 Million |
+85.37% |
| 2020-12-31 | CN¥2.49 Billion ≈ $364.24 Million |
+0.65% |
| 2019-12-31 | CN¥2.47 Billion ≈ $361.89 Million |
+4.18% |
| 2018-12-31 | CN¥2.37 Billion ≈ $347.36 Million |
+28.00% |
| 2017-12-31 | CN¥1.85 Billion ≈ $271.37 Million |
+52.11% |
| 2016-12-31 | CN¥1.22 Billion ≈ $178.41 Million |
+106.00% |
| 2015-12-31 | CN¥591.83 Million ≈ $86.60 Million |
+4.86% |
| 2014-12-31 | CN¥564.43 Million ≈ $82.59 Million |
+122.26% |
| 2013-12-31 | CN¥253.95 Million ≈ $37.16 Million |
+23.34% |
| 2012-12-31 | CN¥205.90 Million ≈ $30.13 Million |
+27.27% |
| 2011-12-31 | CN¥161.78 Million ≈ $23.67 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Guangdong Dowstone Technology 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 1904.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.34 Billion | 16.59% |
| Other Components | CN¥6.71 Billion | 83.41% |
| Total Equity | CN¥8.05 Billion | 100.00% |
Guangdong Dowstone Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Guangdong Dowstone Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vera Therapeutics Inc
NASDAQ:VERA
|
$2.52 Billion |
|
SIMS LTD. ADR
F:I8MA
|
$2.52 Billion |
|
Whirlpool Corporation
NYSE:WHR
|
$2.52 Billion |
|
Atkore International Group Inc
NYSE:ATKR
|
$2.52 Billion |
|
Shanghai Yuyuan Tourist Mart Co Ltd
SHG:600655
|
$2.52 Billion |
|
Clas Ohlson AB (publ)
ST:CLAS-B
|
$2.52 Billion |
|
LuxNet
TWO:4979
|
$2.52 Billion |
|
TAG IMMOBILIEN ADR 1/2
F:TEG0
|
$2.51 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Dowstone Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,748,685,173 to 8,049,454,517, a change of 1,300,769,344 (19.3%).
- Net income of 506,848,029 contributed positively to equity growth.
- Dividend payments of 245,688,825 reduced retained earnings.
- Other comprehensive income decreased equity by 445,433,547.
- Other factors increased equity by 1,485,043,688.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥506.85 Million | +6.3% |
| Dividends Paid | CN¥245.69 Million | -3.05% |
| Other Comprehensive Income | CN¥-445.43 Million | -5.53% |
| Other Changes | CN¥1.49 Billion | +18.45% |
| Total Change | CN¥- | 19.27% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Dowstone Technology 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: 2.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 34.55x to 2.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.64 | CN¥22.00 | x |
| 2012-12-31 | CN¥0.78 | CN¥22.00 | x |
| 2013-12-31 | CN¥0.97 | CN¥22.00 | x |
| 2014-12-31 | CN¥2.08 | CN¥22.00 | x |
| 2015-12-31 | CN¥1.65 | CN¥22.00 | x |
| 2016-12-31 | CN¥3.02 | CN¥22.00 | x |
| 2017-12-31 | CN¥3.37 | CN¥22.00 | x |
| 2018-12-31 | CN¥5.62 | CN¥22.00 | x |
| 2019-12-31 | CN¥5.37 | CN¥22.00 | x |
| 2020-12-31 | CN¥5.39 | CN¥22.00 | x |
| 2021-12-31 | CN¥8.16 | CN¥22.00 | x |
| 2022-12-31 | CN¥9.31 | CN¥22.00 | x |
| 2023-12-31 | CN¥10.80 | CN¥22.00 | x |
| 2024-12-31 | CN¥11.63 | CN¥22.00 | x |
| 2025-12-31 | CN¥10.29 | CN¥22.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Dowstone Technology 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): 6.30%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.21%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.76x
- Recent ROE (6.30%) is below the historical average (9.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 25.59% | 22.23% | 0.77x | 1.49x | CN¥25.23 Million |
| 2012 | 21.43% | 20.21% | 0.73x | 1.46x | CN¥23.53 Million |
| 2013 | 23.72% | 18.87% | 0.73x | 1.72x | CN¥34.84 Million |
| 2014 | 12.81% | 16.18% | 0.55x | 1.44x | CN¥15.84 Million |
| 2015 | 8.74% | 9.20% | 0.52x | 1.83x | CN¥-7.37 Million |
| 2016 | 8.64% | 12.59% | 0.44x | 1.56x | CN¥-15.97 Million |
| 2017 | 11.58% | 8.97% | 0.46x | 2.83x | CN¥20.81 Million |
| 2018 | 9.26% | 6.21% | 0.68x | 2.20x | CN¥-17.57 Million |
| 2019 | 0.97% | 0.80% | 0.67x | 1.80x | CN¥-223.06 Million |
| 2020 | 2.44% | 1.83% | 0.68x | 1.95x | CN¥-187.40 Million |
| 2021 | 12.50% | 8.55% | 0.82x | 1.78x | CN¥112.50 Million |
| 2022 | 1.59% | 1.26% | 0.59x | 2.16x | CN¥-455.00 Million |
| 2023 | -0.46% | -0.38% | 0.49x | 2.47x | CN¥-630.67 Million |
| 2024 | 2.32% | 2.02% | 0.54x | 2.12x | CN¥-518.01 Million |
| 2025 | 6.30% | 6.21% | 0.58x | 1.76x | CN¥-298.10 Million |
Industry Comparison
This section compares Guangdong Dowstone Technology Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $6,166,812,577
- Average return on equity (ROE) among peers: 6.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Dowstone Technology Co Ltd (300409) | CN¥8.46 Billion | 25.59% | 0.66x | $2.52 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $1.30 Billion | 0.62% | 0.29x | $390.84 Million |
| Hengyi Petrochemical Co Ltd (000703) | $32.94 Billion | 10.26% | 2.20x | $6.57 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $552.98 Million | 12.21% | 1.11x | $737.44 Million |
| Luxi Chemical Group Co Ltd (000830) | $5.61 Billion | 5.45% | 2.19x | $3.51 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $1.07 Billion | 6.09% | 3.18x | $9.61 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.39 Billion | 0.45% | 0.38x | $1.50 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $1.51 Billion | 7.32% | 1.02x | $1.27 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $1.32 Billion | 12.34% | 0.44x | $751.43 Million |
| Zhejiang Transfar Co Ltd (002010) | $13.62 Billion | 6.01% | 1.21x | $1.98 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $2.36 Billion | 2.62% | 2.10x | $468.74 Million |
About Guangdong Dowstone Technology Co Ltd
Guangdong Dowstone Technology Co., Ltd. engages in the production and sale of lithium batteries, carbon, and ceramic materials in China and internationally. It offers solid state battery materials, such as silicon-carbon anode, single walled carbon nanotube powder/slurry, and solid-state electrolyte; AI intelligent computing products; carbon materials, including single walled carbon, Oligowalled … Read more