Dongguan Golden Sun Abrasives Co Ltd (300606) - Net Assets
Based on the latest financial reports, Dongguan Golden Sun Abrasives Co Ltd (300606) has net assets worth CN¥704.01 Million CNY (≈ $103.02 Million 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¥1.19 Billion ≈ $174.24 Million USD) and total liabilities (CN¥486.69 Million ≈ $71.22 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 Dongguan Golden Sun Abrasives Co Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥704.01 Million |
| % of Total Assets | 59.13% |
| Annual Growth Rate | 15.59% |
| 5-Year Change | 14.66% |
| 10-Year Change | 186.09% |
| Growth Volatility | 26.85 |
Dongguan Golden Sun Abrasives Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Dongguan Golden Sun Abrasives Co Ltd's net assets have evolved over time, based on quarterly financial data. See 300606 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Dongguan Golden Sun Abrasives Co Ltd (2011–2025)
The table below shows the annual net assets of Dongguan Golden Sun Abrasives Co Ltd from 2011 to 2025. For live valuation and market cap data, see Dongguan Golden Sun Abrasives Co Ltd (300606) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥693.96 Million ≈ $101.55 Million |
+2.60% |
| 2024-12-31 | CN¥676.38 Million ≈ $98.98 Million |
-4.12% |
| 2023-12-31 | CN¥705.42 Million ≈ $103.23 Million |
+16.85% |
| 2022-12-31 | CN¥603.72 Million ≈ $88.34 Million |
-0.25% |
| 2021-12-31 | CN¥605.23 Million ≈ $88.56 Million |
+14.18% |
| 2020-12-31 | CN¥530.07 Million ≈ $77.57 Million |
-18.43% |
| 2019-12-31 | CN¥649.85 Million ≈ $95.09 Million |
+12.43% |
| 2018-12-31 | CN¥578.02 Million ≈ $84.58 Million |
+16.40% |
| 2017-12-31 | CN¥496.59 Million ≈ $72.67 Million |
+104.72% |
| 2016-12-31 | CN¥242.57 Million ≈ $35.50 Million |
+19.87% |
| 2015-12-31 | CN¥202.36 Million ≈ $29.61 Million |
+17.35% |
| 2014-12-31 | CN¥172.44 Million ≈ $25.23 Million |
+20.28% |
| 2013-12-31 | CN¥143.37 Million ≈ $20.98 Million |
+28.31% |
| 2012-12-31 | CN¥111.74 Million ≈ $16.35 Million |
+22.45% |
| 2011-12-31 | CN¥91.25 Million ≈ $13.35 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Dongguan Golden Sun Abrasives 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 1509.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥355.02 Million | 52.45% |
| Other Components | CN¥321.79 Million | 47.55% |
| Total Equity | CN¥676.80 Million | 100.00% |
Dongguan Golden Sun Abrasives Co Ltd Competitors by Market Cap
The table below lists competitors of Dongguan Golden Sun Abrasives Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guizhou Zhenhua E chem Inc
SHG:688707
|
$1.04 Billion |
|
Net263 Ltd
SHE:002467
|
$1.04 Billion |
|
BlackRock Technology and Private Equity Term Trust
NYSE:BTX
|
$1.04 Billion |
|
Leshan Giantstar Farming & Husbandry Corp Ltd
SHG:603477
|
$1.04 Billion |
|
Isracard Ltd
TA:ISCD
|
$1.04 Billion |
|
Bittium Oyj
HE:BITTI
|
$1.04 Billion |
|
Agesa Hayat ve Emeklilik AS
IS:AGESA
|
$1.04 Billion |
|
AVI Global Trust PLC
LSE:AGT
|
$1.04 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dongguan Golden Sun Abrasives Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 662,654,645 to 676,801,378, a change of 14,146,733 (2.1%).
- Net income of 19,913,937 contributed positively to equity growth.
- Dividend payments of 24,826,555 reduced retained earnings.
- Other factors increased equity by 19,059,351.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥19.91 Million | +2.94% |
| Dividends Paid | CN¥24.83 Million | -3.67% |
| Other Changes | CN¥19.06 Million | +2.82% |
| Total Change | CN¥- | 2.13% |
Book Value vs Market Value Analysis
This analysis compares Dongguan Golden Sun Abrasives 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: 10.55x
- 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 64.74x to 10.55x 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¥0.80 | CN¥51.59 | x |
| 2012-12-31 | CN¥1.02 | CN¥51.59 | x |
| 2013-12-31 | CN¥1.57 | CN¥51.59 | x |
| 2014-12-31 | CN¥1.70 | CN¥51.59 | x |
| 2015-12-31 | CN¥2.04 | CN¥51.59 | x |
| 2016-12-31 | CN¥2.41 | CN¥51.59 | x |
| 2017-12-31 | CN¥3.49 | CN¥51.59 | x |
| 2018-12-31 | CN¥3.81 | CN¥51.59 | x |
| 2019-12-31 | CN¥4.22 | CN¥51.59 | x |
| 2020-12-31 | CN¥3.62 | CN¥51.59 | x |
| 2021-12-31 | CN¥4.39 | CN¥51.59 | x |
| 2022-12-31 | CN¥4.17 | CN¥51.59 | x |
| 2023-12-31 | CN¥4.99 | CN¥51.59 | x |
| 2024-12-31 | CN¥4.73 | CN¥51.59 | x |
| 2025-12-31 | CN¥4.89 | CN¥51.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dongguan Golden Sun Abrasives 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): 2.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.65%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.85x
- Recent ROE (2.94%) is below the historical average (12.64%), 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 | 27.14% | 11.93% | 1.12x | 2.04x | CN¥12.78 Million |
| 2012 | 21.97% | 12.19% | 1.01x | 1.79x | CN¥11.44 Million |
| 2013 | 19.93% | 14.45% | 0.89x | 1.56x | CN¥14.23 Million |
| 2014 | 16.86% | 12.65% | 0.93x | 1.44x | CN¥11.83 Million |
| 2015 | 16.04% | 15.76% | 0.74x | 1.38x | CN¥12.22 Million |
| 2016 | 16.58% | 18.25% | 0.70x | 1.30x | CN¥15.95 Million |
| 2017 | 12.04% | 21.31% | 0.44x | 1.28x | CN¥9.30 Million |
| 2018 | 10.51% | 14.17% | 0.54x | 1.38x | CN¥2.58 Million |
| 2019 | 10.75% | 14.17% | 0.54x | 1.39x | CN¥4.23 Million |
| 2020 | 14.38% | 17.18% | 0.55x | 1.53x | CN¥21.72 Million |
| 2021 | 11.15% | 15.10% | 0.50x | 1.48x | CN¥6.98 Million |
| 2022 | 4.32% | 6.54% | 0.47x | 1.39x | CN¥-34.04 Million |
| 2023 | 7.48% | 9.26% | 0.51x | 1.58x | CN¥-17.65 Million |
| 2024 | -2.47% | -3.33% | 0.40x | 1.86x | CN¥-82.66 Million |
| 2025 | 2.94% | 3.65% | 0.44x | 1.85x | CN¥-47.77 Million |
Industry Comparison
This section compares Dongguan Golden Sun Abrasives Co Ltd's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $1,203,929,046
- Average return on equity (ROE) among peers: 1.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dongguan Golden Sun Abrasives Co Ltd (300606) | CN¥704.01 Million | 27.14% | 0.69x | $1.04 Billion |
| China Fangda Group Co Ltd (000055) | $1.03 Billion | 6.71% | 0.24x | $363.04 Million |
| Huasu Holdings Co Ltd (000509) | $381.72 Million | 7.32% | 0.61x | $637.55 Million |
| Wuhu Conch Profiles and Science Co Ltd (000619) | $13.52 Million | 0.00% | 1.72x | $309.87 Million |
| Beijing New Building Materials Public Ltd Co (000786) | $2.73 Billion | 11.77% | 1.19x | $4.91 Billion |
| Yantai Moon Co Ltd (000811) | $642.91 Million | 12.93% | 1.44x | $5.83 Billion |
| Tangshan Jidong Equipment Engineering Co Ltd (000856) | $458.32 Million | -6.31% | 1.31x | $258.43 Million |
| Shandong Luyang Share Co Ltd (002088) | $1.45 Billion | 5.84% | 0.28x | $660.76 Million |
| Everjoy Health Group Co Ltd (002162) | $843.78 Million | -17.44% | 1.44x | $476.42 Million |
| XinJiang GuoTong Pipeline Co Ltd (002205) | $959.33 Million | -5.52% | 0.75x | $299.41 Million |
| Puyang Refractories Group Co Ltd (002225) | $3.52 Billion | 3.83% | 1.35x | $714.16 Million |
About Dongguan Golden Sun Abrasives Co Ltd
Dongguan Golden Sun Abrasives Co.,Ltd., together with its subsidiaries, engages in the research, development, production, and sales of polishing materials and intelligent equipment in China and internationally. The company offers polishing materials, including water-resistant and dry grinding coated sandpaper, elastic polishing sand film, microcrystalline structure sand, film, polishing wax, lea… Read more