Goke Microelectronics Co Ltd (300672) - Net Assets
Based on the latest financial reports, Goke Microelectronics Co Ltd (300672) has net assets worth CN¥4.08 Billion CNY (≈ $596.83 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¥7.64 Billion ≈ $1.12 Billion USD) and total liabilities (CN¥3.56 Billion ≈ $521.64 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 Goke Microelectronics Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.08 Billion |
| % of Total Assets | 53.36% |
| Annual Growth Rate | 38.07% |
| 5-Year Change | 232.96% |
| 10-Year Change | 531.9% |
| Growth Volatility | 90.28 |
Goke Microelectronics Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Goke Microelectronics Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Goke Microelectronics Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Goke Microelectronics Co Ltd (2013–2024)
The table below shows the annual net assets of Goke Microelectronics Co Ltd from 2013 to 2024. For live valuation and market cap data, see Goke Microelectronics Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.11 Billion ≈ $600.97 Million |
+0.07% |
| 2023-12-31 | CN¥4.10 Billion ≈ $600.54 Million |
+2.70% |
| 2022-12-31 | CN¥4.00 Billion ≈ $584.75 Million |
+167.42% |
| 2021-12-31 | CN¥1.49 Billion ≈ $218.66 Million |
+21.15% |
| 2020-12-31 | CN¥1.23 Billion ≈ $180.49 Million |
+10.22% |
| 2019-12-31 | CN¥1.12 Billion ≈ $163.76 Million |
+11.29% |
| 2018-12-31 | CN¥1.01 Billion ≈ $147.15 Million |
+4.75% |
| 2017-12-31 | CN¥959.99 Million ≈ $140.48 Million |
+35.28% |
| 2016-12-31 | CN¥709.65 Million ≈ $103.84 Million |
+9.19% |
| 2015-12-31 | CN¥649.93 Million ≈ $95.11 Million |
+301.73% |
| 2014-12-31 | CN¥161.78 Million ≈ $23.67 Million |
+36.96% |
| 2013-12-31 | CN¥118.13 Million ≈ $17.29 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Goke Microelectronics 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 1129.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥555.15 Million | 13.54% |
| Common Stock | CN¥217.14 Million | 5.30% |
| Other Components | CN¥3.33 Billion | 81.16% |
| Total Equity | CN¥4.10 Billion | 100.00% |
Goke Microelectronics Co Ltd Competitors by Market Cap
The table below lists competitors of Goke Microelectronics Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xinhu Zhongbao Co Ltd
SHG:600208
|
$5.67 Billion |
|
MarketAxess Holdings Inc
NASDAQ:MKTX
|
$5.68 Billion |
|
MEG Energy Corp
TO:MEG
|
$5.68 Billion |
|
JCHX Mining Management Co Ltd
SHG:603979
|
$5.69 Billion |
|
Riot Blockchain Inc
NASDAQ:RIOT
|
$5.66 Billion |
|
Cipher Mining Inc
NASDAQ:CIFR
|
$5.66 Billion |
|
Wintime Energy Co Ltd
SHG:600157
|
$5.65 Billion |
|
Shenzhen Huaqiang Industry Co Ltd
SHE:000062
|
$5.65 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Goke Microelectronics Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,120,312,791 to 4,098,571,202, a change of -21,741,589 (-0.5%).
- Net income of 97,154,701 contributed positively to equity growth.
- Dividend payments of 103,257,272 reduced retained earnings.
- Share repurchases of 62,667,124 reduced equity.
- Other factors increased equity by 47,028,106.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥97.15 Million | +2.37% |
| Dividends Paid | CN¥103.26 Million | -2.52% |
| Share Repurchases | CN¥62.67 Million | -1.53% |
| Other Changes | CN¥47.03 Million | +1.15% |
| Total Change | CN¥- | -0.53% |
Book Value vs Market Value Analysis
This analysis compares Goke Microelectronics 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: 9.42x
- 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 191.44x to 9.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥0.93 | CN¥178.31 | x |
| 2014-12-31 | CN¥1.34 | CN¥178.31 | x |
| 2015-12-31 | CN¥5.40 | CN¥178.31 | x |
| 2016-12-31 | CN¥5.33 | CN¥178.31 | x |
| 2017-12-31 | CN¥6.35 | CN¥178.31 | x |
| 2018-12-31 | CN¥5.76 | CN¥178.31 | x |
| 2019-12-31 | CN¥6.39 | CN¥178.31 | x |
| 2020-12-31 | CN¥7.01 | CN¥178.31 | x |
| 2021-12-31 | CN¥8.45 | CN¥178.31 | x |
| 2022-12-31 | CN¥21.94 | CN¥178.31 | x |
| 2023-12-31 | CN¥18.96 | CN¥178.31 | x |
| 2024-12-31 | CN¥18.93 | CN¥178.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goke Microelectronics 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): 2.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.91%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.87x
- Recent ROE (2.37%) is below the historical average (8.11%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 8.70% | 11.47% | 0.55x | 1.37x | CN¥-1.46 Million |
| 2014 | 24.73% | 22.04% | 0.61x | 1.84x | CN¥23.74 Million |
| 2015 | 6.39% | 11.31% | 0.48x | 1.17x | CN¥-23.49 Million |
| 2016 | 7.19% | 10.45% | 0.58x | 1.19x | CN¥-20.02 Million |
| 2017 | 5.44% | 12.79% | 0.38x | 1.12x | CN¥-44.16 Million |
| 2018 | 5.48% | 14.04% | 0.25x | 1.59x | CN¥-46.38 Million |
| 2019 | 5.96% | 12.55% | 0.29x | 1.64x | CN¥-46.19 Million |
| 2020 | 5.64% | 9.69% | 0.25x | 2.34x | CN¥-54.85 Million |
| 2021 | 19.31% | 12.62% | 0.67x | 2.29x | CN¥141.26 Million |
| 2022 | 3.78% | 4.21% | 0.42x | 2.11x | CN¥-250.23 Million |
| 2023 | 2.33% | 2.27% | 0.58x | 1.78x | CN¥-315.96 Million |
| 2024 | 2.37% | 4.91% | 0.26x | 1.87x | CN¥-312.70 Million |
Industry Comparison
This section compares Goke Microelectronics Co Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $2,095,615,821
- Average return on equity (ROE) among peers: 6.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Goke Microelectronics Co Ltd (300672) | CN¥4.08 Billion | 8.70% | 0.87x | $5.66 Billion |
| UniTTEC Co Ltd (000925) | $1.22 Billion | 2.79% | 2.52x | $909.57 Million |
| Unigroup Guoxin Microelectronics Co Ltd (002049) | $12.39 Billion | 9.51% | 0.40x | $9.61 Billion |
| Sinosteel Anhui Tianyuan Technology Co Ltd (002057) | $245.66 Million | 4.18% | 0.78x | $1.06 Billion |
| Suzhou Good-Ark Electronics Co Ltd (002079) | $501.66 Million | 7.47% | 0.41x | $1.39 Billion |
| Ningbo Kangqiang Electronics Co Ltd (002119) | $629.45 Million | 7.50% | 0.73x | $1.15 Billion |
| Tianjin Printronics Circuit Corp (002134) | $710.96 Million | 2.48% | 0.13x | $913.46 Million |
| Tatwah Smartech Co Ltd (002512) | $1.65 Billion | 6.18% | 0.38x | $701.64 Million |
| Chutian Dragon Co Ltd (003040) | $1.37 Billion | 4.56% | 0.48x | $998.01 Million |
| Jiangsu Huasheng Tianlong Photo (300029) | $1.14 Billion | 5.99% | 0.16x | $81.27 Million |
| Nations Technologies Inc (300077) | $1.09 Billion | 9.56% | 0.85x | $1.97 Billion |
About Goke Microelectronics Co Ltd
Hunan Goke Microelectronics Co.,Ltd. engages in the research and development of integrated circuit chip related products in China. It offers UHD display, smart vision, data storage, and internet of things products and solutions. The company was founded in 2008 and is headquartered in Changsha, China.