Guangzhou Development Group Inc

SHG:600098 China Thermal Coal
Market Cap
$3.76 Billion
CN¥27.59 Billion CNY
Market Cap Rank
#7741 Global
#1362 in China
Share Price
CN¥7.87
Change (1 day)
-2.24%
52-Week Range
CN¥6.03 - CN¥8.05
All Time High
CN¥11.72
Categories
Companies in China Thermal Coal
About

Guangzhou Development Group Incorporated engages in the green and low-carbon integrated smart energy business in China. The company is involved in the development, investment, construction, and operation management of energy projects; investment and operation in coal, oil, ports, shipping, and hazardous chemical storage; and coordinates the construction of pipeline network and upstream gas source… Read more

Guangzhou Development Group Inc (600098) - Net Assets

Latest net assets as of September 2025: CN¥30.58 Billion CNY

Based on the latest financial reports, Guangzhou Development Group Inc (600098) has net assets worth CN¥30.58 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥82.27 Billion) and total liabilities (CN¥51.69 Billion). 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.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥30.58 Billion
% of Total Assets 37.17%
Annual Growth Rate 12.75%
5-Year Change 38.94%
10-Year Change 59.11%
Growth Volatility 17.93

Guangzhou Development Group Inc - Net Assets Trend (1994–2024)

This chart illustrates how Guangzhou Development Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Guangzhou Development Group Inc (1994–2024)

The table below shows the annual net assets of Guangzhou Development Group Inc from 1994 to 2024.

Year Net Assets Change
2024-12-31 CN¥29.25 Billion +3.90%
2023-12-31 CN¥28.15 Billion +6.02%
2022-12-31 CN¥26.56 Billion +1.61%
2021-12-31 CN¥26.13 Billion +24.14%
2020-12-31 CN¥21.05 Billion +2.55%
2019-12-31 CN¥20.53 Billion +5.07%
2018-12-31 CN¥19.54 Billion +1.49%
2017-12-31 CN¥19.25 Billion +4.33%
2016-12-31 CN¥18.45 Billion +0.37%
2015-12-31 CN¥18.38 Billion +5.82%
2014-12-31 CN¥17.37 Billion +3.76%
2013-12-31 CN¥16.74 Billion +5.20%
2012-12-31 CN¥15.92 Billion +33.50%
2011-12-31 CN¥11.92 Billion +1.23%
2010-12-31 CN¥11.78 Billion +10.41%
2009-12-31 CN¥10.67 Billion +7.53%
2008-12-31 CN¥9.92 Billion -4.85%
2007-12-31 CN¥10.43 Billion +7.55%
2006-12-31 CN¥9.69 Billion +5.68%
2005-12-31 CN¥9.17 Billion +4.49%
2004-12-31 CN¥8.78 Billion +21.68%
2003-12-31 CN¥7.22 Billion +9.86%
2002-12-31 CN¥6.57 Billion +9.09%
2001-12-31 CN¥6.02 Billion +14.43%
2000-12-31 CN¥5.26 Billion +38.43%
1999-12-31 CN¥3.80 Billion +9.19%
1998-12-31 CN¥3.48 Billion +20.73%
1997-12-31 CN¥2.88 Billion +34.48%
1996-12-31 CN¥2.14 Billion +84.95%
1995-12-31 CN¥1.16 Billion +44.91%
1994-12-31 CN¥799.99 Million --

Equity Component Analysis

This analysis shows how different components contribute to Guangzhou Development Group Inc'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 5333.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥9.86 Billion 37.35%
Common Stock CN¥3.51 Billion 13.28%
Other Components CN¥13.03 Billion 49.36%
Total Equity CN¥26.40 Billion 100.00%

Guangzhou Development Group Inc Competitors by Market Cap

The table below lists competitors of Guangzhou Development Group Inc ranked by their market capitalization.

Company Market Cap
Huaku Development Co Ltd
TW:2548
 		$902.07 Million
Plymouth Industrial REIT Inc
NYSE:PLYM
 		$902.07 Million
Goldsun Building Materials Co Ltd
TW:2504
 		$902.17 Million
Alsea S.A.B. de C.V
PINK:ALSSF
 		$902.51 Million
Pharvaris BV
NASDAQ:PHVS
 		$901.02 Million
Zhejiang Fenglong Electric Co Ltd Class A
SHE:002931
 		$900.63 Million
Porton Fine Chemicals Ltd
SHE:300363
 		$900.30 Million
Cury Construtora e Incorporadora S.A
SA:CURY3
 		$900.19 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Guangzhou Development Group Inc's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 25,333,482,221 to 26,396,122,000, a change of 1,062,639,779 (4.2%).
  • Net income of 1,731,802,484 contributed positively to equity growth.
  • Dividend payments of 1,845,080,422 reduced retained earnings.
  • Share repurchases of 2,016,438 reduced equity.
  • Other factors increased equity by 1,177,934,155.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.73 Billion +6.56%
Dividends Paid CN¥1.85 Billion -6.99%
Share Repurchases CN¥2.02 Million -0.01%
Other Changes CN¥1.18 Billion +4.46%
Total Change CN¥- 4.19%

Book Value vs Market Value Analysis

This analysis compares Guangzhou Development Group Inc'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: 1.05x
  • 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 33.42x to 1.05x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1994-12-31 CN¥0.24 CN¥7.87 x
1995-12-31 CN¥0.38 CN¥7.87 x
1996-12-31 CN¥0.42 CN¥7.87 x
1997-12-31 CN¥0.97 CN¥7.87 x
1998-12-31 CN¥1.23 CN¥7.87 x
1999-12-31 CN¥1.42 CN¥7.87 x
2000-12-31 CN¥2.07 CN¥7.87 x
2001-12-31 CN¥2.33 CN¥7.87 x
2002-12-31 CN¥2.55 CN¥7.87 x
2003-12-31 CN¥2.94 CN¥7.87 x
2004-12-31 CN¥3.58 CN¥7.87 x
2005-12-31 CN¥3.74 CN¥7.87 x
2006-12-31 CN¥3.93 CN¥7.87 x
2007-12-31 CN¥4.29 CN¥7.87 x
2008-12-31 CN¥4.00 CN¥7.87 x
2009-12-31 CN¥4.30 CN¥7.87 x
2010-12-31 CN¥4.47 CN¥7.87 x
2011-12-31 CN¥3.89 CN¥7.87 x
2012-12-31 CN¥5.03 CN¥7.87 x
2013-12-31 CN¥4.88 CN¥7.87 x
2014-12-31 CN¥5.08 CN¥7.87 x
2015-12-31 CN¥5.41 CN¥7.87 x
2016-12-31 CN¥5.47 CN¥7.87 x
2017-12-31 CN¥5.88 CN¥7.87 x
2018-12-31 CN¥5.98 CN¥7.87 x
2019-12-31 CN¥6.30 CN¥7.87 x
2020-12-31 CN¥6.73 CN¥7.87 x
2021-12-31 CN¥8.48 CN¥7.87 x
2022-12-31 CN¥6.91 CN¥7.87 x
2023-12-31 CN¥7.26 CN¥7.87 x
2024-12-31 CN¥7.53 CN¥7.87 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Guangzhou Development Group Inc 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): 6.56%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 3.58%
  • • Asset Turnover: 0.63x
  • • Equity Multiplier: 2.90x
  • Recent ROE (6.56%) is below the historical average (12.33%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1994 44.01% 8.88% 0.49x 10.20x CN¥164.98 Million
1995 38.57% 10.57% 0.66x 5.49x CN¥225.55 Million
1996 34.66% 9.49% 0.45x 8.12x CN¥214.96 Million
1997 18.20% 17.02% 0.30x 3.58x CN¥164.50 Million
1998 20.70% 19.71% 0.35x 2.96x CN¥270.83 Million
1999 18.06% 21.70% 0.33x 2.51x CN¥236.50 Million
2000 20.32% 24.99% 0.42x 1.94x CN¥438.98 Million
2001 19.63% 24.13% 0.43x 1.90x CN¥462.62 Million
2002 15.69% 20.23% 0.38x 2.05x CN¥298.53 Million
2003 13.29% 22.87% 0.35x 1.67x CN¥199.10 Million
2004 10.65% 16.57% 0.44x 1.47x CN¥47.72 Million
2005 8.05% 9.90% 0.55x 1.49x CN¥-150.68 Million
2006 8.94% 11.88% 0.48x 1.56x CN¥-85.91 Million
2007 12.34% 15.24% 0.50x 1.61x CN¥206.78 Million
2008 4.53% 4.55% 0.58x 1.70x CN¥-450.84 Million
2009 8.02% 9.39% 0.49x 1.74x CN¥-175.69 Million
2010 8.11% 8.42% 0.51x 1.88x CN¥-174.25 Million
2011 4.20% 2.90% 0.64x 2.25x CN¥-530.37 Million
2012 6.81% 5.75% 0.46x 2.55x CN¥-408.40 Million
2013 7.73% 6.13% 0.50x 2.52x CN¥-304.08 Million
2014 8.81% 6.30% 0.58x 2.43x CN¥-165.89 Million
2015 8.83% 6.17% 0.61x 2.36x CN¥-172.13 Million
2016 4.49% 3.04% 0.62x 2.37x CN¥-822.13 Million
2017 4.23% 2.74% 0.64x 2.41x CN¥-923.72 Million
2018 4.30% 2.68% 0.68x 2.36x CN¥-929.77 Million
2019 4.70% 2.72% 0.70x 2.47x CN¥-908.72 Million
2020 5.03% 2.85% 0.73x 2.42x CN¥-892.43 Million
2021 0.74% 0.45% 0.65x 2.51x CN¥-2.15 Billion
2022 5.59% 2.83% 0.77x 2.56x CN¥-1.07 Billion
2023 6.47% 3.50% 0.63x 2.92x CN¥-895.43 Million
2024 6.56% 3.58% 0.63x 2.90x CN¥-907.81 Million

Industry Comparison

This section compares Guangzhou Development Group Inc's net assets metrics with peer companies in the Thermal Coal industry.

Industry Context

  • Industry: Thermal Coal
  • Average net assets among peers: $23,065,548,345
  • Average return on equity (ROE) among peers: 10.03%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Guangzhou Development Group Inc (600098) CN¥30.58 Billion 44.01% 1.69x $902.01 Million
Gansu Jingyuan Coal Industry and Electricity Power Co Ltd (000552) $8.53 Billion 5.22% 0.59x $938.82 Million
Jizhong Energy Resources Co Ltd (000937) $21.58 Billion 4.04% 1.12x $764.87 Million
Shanxi Xishan Coal and Electricity Power Co Ltd (000983) $21.74 Billion 9.00% 2.25x $2.14 Billion
Shaanxi Energy Investment Co Ltd. A (001286) $16.82 Billion 3.13% 1.82x $1.47 Billion
Huolinhe Opencut Coal Industry Corp Ltd of Inner Mongolia (002128) $5.68 Billion 27.66% 0.58x $3.79 Billion
Zhengzhou Coal Industry & Electric Power Co Ltd (600121) $1.26 Billion 9.39% 0.42x $432.36 Million
Shanxi Lanhua Sci-Tech Venture Co Ltd (600123) $7.12 Billion 18.46% 0.91x $789.37 Million
Wintime Energy Co Ltd (600157) $47.58 Billion 4.01% 1.18x $4.69 Billion
Yankuang Energy Group Co Ltd (600188) $77.28 Billion 9.40% 1.52x $13.64 Billion