Guangzhou Development Group Inc (600098) - Net Assets
Based on the latest financial reports, Guangzhou Development Group Inc (600098) has net assets worth CN¥30.58 Billion CNY (≈ $4.47 Billion 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¥82.27 Billion ≈ $12.04 Billion USD) and total liabilities (CN¥51.69 Billion ≈ $7.56 Billion 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 600098 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore Guangzhou Development Group Inc total assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see 600098 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥29.25 Billion ≈ $4.28 Billion |
+3.90% |
| 2023-12-31 | CN¥28.15 Billion ≈ $4.12 Billion |
+6.02% |
| 2022-12-31 | CN¥26.56 Billion ≈ $3.89 Billion |
+1.61% |
| 2021-12-31 | CN¥26.13 Billion ≈ $3.82 Billion |
+24.14% |
| 2020-12-31 | CN¥21.05 Billion ≈ $3.08 Billion |
+2.55% |
| 2019-12-31 | CN¥20.53 Billion ≈ $3.00 Billion |
+5.07% |
| 2018-12-31 | CN¥19.54 Billion ≈ $2.86 Billion |
+1.49% |
| 2017-12-31 | CN¥19.25 Billion ≈ $2.82 Billion |
+4.33% |
| 2016-12-31 | CN¥18.45 Billion ≈ $2.70 Billion |
+0.37% |
| 2015-12-31 | CN¥18.38 Billion ≈ $2.69 Billion |
+5.82% |
| 2014-12-31 | CN¥17.37 Billion ≈ $2.54 Billion |
+3.76% |
| 2013-12-31 | CN¥16.74 Billion ≈ $2.45 Billion |
+5.20% |
| 2012-12-31 | CN¥15.92 Billion ≈ $2.33 Billion |
+33.50% |
| 2011-12-31 | CN¥11.92 Billion ≈ $1.74 Billion |
+1.23% |
| 2010-12-31 | CN¥11.78 Billion ≈ $1.72 Billion |
+10.41% |
| 2009-12-31 | CN¥10.67 Billion ≈ $1.56 Billion |
+7.53% |
| 2008-12-31 | CN¥9.92 Billion ≈ $1.45 Billion |
-4.85% |
| 2007-12-31 | CN¥10.43 Billion ≈ $1.53 Billion |
+7.55% |
| 2006-12-31 | CN¥9.69 Billion ≈ $1.42 Billion |
+5.68% |
| 2005-12-31 | CN¥9.17 Billion ≈ $1.34 Billion |
+4.49% |
| 2004-12-31 | CN¥8.78 Billion ≈ $1.28 Billion |
+21.68% |
| 2003-12-31 | CN¥7.22 Billion ≈ $1.06 Billion |
+9.86% |
| 2002-12-31 | CN¥6.57 Billion ≈ $961.12 Million |
+9.09% |
| 2001-12-31 | CN¥6.02 Billion ≈ $881.02 Million |
+14.43% |
| 2000-12-31 | CN¥5.26 Billion ≈ $769.94 Million |
+38.43% |
| 1999-12-31 | CN¥3.80 Billion ≈ $556.20 Million |
+9.19% |
| 1998-12-31 | CN¥3.48 Billion ≈ $509.39 Million |
+20.73% |
| 1997-12-31 | CN¥2.88 Billion ≈ $421.92 Million |
+34.48% |
| 1996-12-31 | CN¥2.14 Billion ≈ $313.74 Million |
+84.95% |
| 1995-12-31 | CN¥1.16 Billion ≈ $169.63 Million |
+44.91% |
| 1994-12-31 | CN¥799.99 Million ≈ $117.06 Million |
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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 |
|---|---|
|
FIT Hon Teng Limited
F:0FJ
|
$3.65 Billion |
|
Shanghai Huace Navigation Technology Ltd
SHE:300627
|
$3.65 Billion |
|
AVIC Heavy Machinery Co Ltd
SHG:600765
|
$3.65 Billion |
|
Covivio Hotels
PA:COVH
|
$3.65 Billion |
|
Ultrapar Participações S.A
F:UGR
|
$3.65 Billion |
|
Changzhou Fusion New Material Co. Ltd. A
SHG:688503
|
$3.65 Billion |
|
Banco del Bajío S.A. Institución de Banca Múltiple
MX:BBAJIOO
|
$3.65 Billion |
|
Westgold Resources Ltd
AU:WGX
|
$3.64 Billion |
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: 0.94x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 30.19x to 0.94x 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¥7.11 | x |
| 1995-12-31 | CN¥0.38 | CN¥7.11 | x |
| 1996-12-31 | CN¥0.42 | CN¥7.11 | x |
| 1997-12-31 | CN¥0.97 | CN¥7.11 | x |
| 1998-12-31 | CN¥1.23 | CN¥7.11 | x |
| 1999-12-31 | CN¥1.42 | CN¥7.11 | x |
| 2000-12-31 | CN¥2.07 | CN¥7.11 | x |
| 2001-12-31 | CN¥2.33 | CN¥7.11 | x |
| 2002-12-31 | CN¥2.55 | CN¥7.11 | x |
| 2003-12-31 | CN¥2.94 | CN¥7.11 | x |
| 2004-12-31 | CN¥3.58 | CN¥7.11 | x |
| 2005-12-31 | CN¥3.74 | CN¥7.11 | x |
| 2006-12-31 | CN¥3.93 | CN¥7.11 | x |
| 2007-12-31 | CN¥4.29 | CN¥7.11 | x |
| 2008-12-31 | CN¥4.00 | CN¥7.11 | x |
| 2009-12-31 | CN¥4.30 | CN¥7.11 | x |
| 2010-12-31 | CN¥4.47 | CN¥7.11 | x |
| 2011-12-31 | CN¥3.89 | CN¥7.11 | x |
| 2012-12-31 | CN¥5.03 | CN¥7.11 | x |
| 2013-12-31 | CN¥4.88 | CN¥7.11 | x |
| 2014-12-31 | CN¥5.08 | CN¥7.11 | x |
| 2015-12-31 | CN¥5.41 | CN¥7.11 | x |
| 2016-12-31 | CN¥5.47 | CN¥7.11 | x |
| 2017-12-31 | CN¥5.88 | CN¥7.11 | x |
| 2018-12-31 | CN¥5.98 | CN¥7.11 | x |
| 2019-12-31 | CN¥6.30 | CN¥7.11 | x |
| 2020-12-31 | CN¥6.73 | CN¥7.11 | x |
| 2021-12-31 | CN¥8.48 | CN¥7.11 | x |
| 2022-12-31 | CN¥6.95 | CN¥7.11 | x |
| 2023-12-31 | CN¥7.26 | CN¥7.11 | x |
| 2024-12-31 | CN¥7.55 | CN¥7.11 | 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: $15,525,651,654
- Average return on equity (ROE) among peers: 7.52%
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 | $3.65 Billion |
| Gansu Jingyuan Coal Industry and Electricity Power Co Ltd (000552) | $8.53 Billion | 5.22% | 0.59x | $2.26 Billion |
| Jizhong Energy Resources Co Ltd (000937) | $18.08 Billion | 6.55% | 1.27x | $2.91 Billion |
| Shanxi Xishan Coal and Electricity Power Co Ltd (000983) | $46.87 Billion | 6.63% | 1.35x | $5.83 Billion |
| Huolinhe Opencut Coal Industry Corp Ltd of Inner Mongolia (002128) | $8.88 Billion | 6.01% | 0.59x | $10.61 Billion |
| Zhengzhou Coal Industry & Electric Power Co Ltd (600121) | $1.85 Billion | 7.02% | 2.12x | $757.74 Million |
| Shanxi Lanhua Sci-Tech Venture Co Ltd (600123) | $10.18 Billion | 0.09% | 1.17x | $1.53 Billion |
| Wintime Energy Co Ltd (600157) | $112.01 Million | 18.52% | 1.51x | $5.65 Billion |
| Yankuang Energy Group Co Ltd (600188) | $43.00 Billion | 2.00% | 2.23x | $19.93 Billion |
| Shan XI Hua Yang Group New Energy Co Ltd (600348) | $2.23 Billion | 15.61% | 0.84x | $5.52 Billion |
About Guangzhou Development Group Inc
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