Grandblue Environment Co Ltd

SHG:600323 China Utilities - Regulated Water
Market Cap
$3.42 Billion
CN¥25.10 Billion CNY
Market Cap Rank
#5196 Global
#639 in China
Share Price
CN¥30.78
Change (1 day)
+1.95%
52-Week Range
CN¥22.10 - CN¥30.80
All Time High
CN¥30.80
Categories
Companies in China Utilities - Regulated Water
About

Grandblue Environment Co., Ltd. engages in the water supply, drainage, solid waste treatment, and energy businesses in China. The company provides water intake, water production, water transmission, and drinking water services; and sewage treatment, and pipeline network operation and maintenance services, as well as manages and controls wastewater plants, draining pipeline networks, and pumping s… Read more

Grandblue Environment Co Ltd (600323) - Net Assets

Latest net assets as of September 2025: CN¥18.12 Billion CNY

Based on the latest financial reports, Grandblue Environment Co Ltd (600323) has net assets worth CN¥18.12 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¥62.63 Billion) and total liabilities (CN¥44.50 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¥18.12 Billion
% of Total Assets 28.94%
Annual Growth Rate 18.26%
5-Year Change 86.29%
10-Year Change 209.75%
Growth Volatility 31.09

Grandblue Environment Co Ltd - Net Assets Trend (1997–2024)

This chart illustrates how Grandblue Environment Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Grandblue Environment Co Ltd (1997–2024)

The table below shows the annual net assets of Grandblue Environment Co Ltd from 1997 to 2024.

Year Net Assets Change
2024-12-31 CN¥15.22 Billion +18.54%
2023-12-31 CN¥12.84 Billion +10.70%
2022-12-31 CN¥11.60 Billion +10.10%
2021-12-31 CN¥10.54 Billion +28.95%
2020-12-31 CN¥8.17 Billion +14.57%
2019-12-31 CN¥7.13 Billion +11.00%
2018-12-31 CN¥6.42 Billion +5.35%
2017-12-31 CN¥6.10 Billion +10.08%
2016-12-31 CN¥5.54 Billion +12.73%
2015-12-31 CN¥4.91 Billion +33.23%
2014-12-31 CN¥3.69 Billion +48.50%
2013-12-31 CN¥2.48 Billion +7.90%
2012-12-31 CN¥2.30 Billion +28.38%
2011-12-31 CN¥1.79 Billion +9.29%
2010-12-31 CN¥1.64 Billion +47.65%
2009-12-31 CN¥1.11 Billion +12.92%
2008-12-31 CN¥984.05 Million +7.95%
2007-12-31 CN¥911.57 Million +6.27%
2006-12-31 CN¥857.76 Million +1.59%
2005-12-31 CN¥844.36 Million +5.17%
2004-12-31 CN¥802.84 Million +3.86%
2003-12-31 CN¥773.02 Million +9.03%
2002-12-31 CN¥708.97 Million +4.48%
2001-12-31 CN¥678.57 Million +4.11%
2000-12-31 CN¥651.80 Million +165.09%
1999-12-31 CN¥245.88 Million +8.71%
1998-12-31 CN¥226.18 Million +37.48%
1997-12-31 CN¥164.51 Million --

Equity Component Analysis

This analysis shows how different components contribute to Grandblue Environment 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 79719.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥9.56 Billion 71.32%
Common Stock CN¥815.35 Million 6.08%
Other Comprehensive Income CN¥581.45 Million 4.34%
Other Components CN¥2.45 Billion 18.26%
Total Equity CN¥13.40 Billion 100.00%

Grandblue Environment Co Ltd Competitors by Market Cap

The table below lists competitors of Grandblue Environment Co Ltd ranked by their market capitalization.

Company Market Cap
KRUK SA ZY 1
F:83I
 		$1.85 Billion
Sims Ltd
AU:SGM
 		$1.85 Billion
Navitas Semiconductor Corp
NASDAQ:NVTS
 		$1.85 Billion
Huntsman Corporation
NYSE:HUN
 		$1.85 Billion
Shanghai Highly Group Co Ltd A
SHG:600619
 		$1.85 Billion
Jiangsu Boqian New Materials Stock Co Ltd
SHG:605376
 		$1.85 Billion
CENTRAL RETAIL CORP PCL-NVDR
BK:CRC-R
 		$1.85 Billion
Far East Horizon Limited
PINK:FEZHF
 		$1.85 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Grandblue Environment Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 12,118,946,662 to 13,402,321,274, a change of 1,283,374,612 (10.6%).
  • Net income of 1,663,901,909 contributed positively to equity growth.
  • Dividend payments of 889,719,497 reduced retained earnings.
  • Other comprehensive income increased equity by 73,615,502.
  • Other factors increased equity by 435,576,698.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.66 Billion +12.42%
Dividends Paid CN¥889.72 Million -6.64%
Other Comprehensive Income CN¥73.62 Million +0.55%
Other Changes CN¥435.58 Million +3.25%
Total Change CN¥- 10.59%

Book Value vs Market Value Analysis

This analysis compares Grandblue Environment 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: 1.87x
  • 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 93.13x to 1.87x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1997-12-31 CN¥0.33 CN¥30.78 x
1998-12-31 CN¥0.45 CN¥30.78 x
1999-12-31 CN¥0.49 CN¥30.78 x
2000-12-31 CN¥1.31 CN¥30.78 x
2001-12-31 CN¥1.36 CN¥30.78 x
2002-12-31 CN¥1.42 CN¥30.78 x
2003-12-31 CN¥1.55 CN¥30.78 x
2004-12-31 CN¥1.61 CN¥30.78 x
2005-12-31 CN¥1.66 CN¥30.78 x
2006-12-31 CN¥1.68 CN¥30.78 x
2007-12-31 CN¥1.80 CN¥30.78 x
2008-12-31 CN¥1.91 CN¥30.78 x
2009-12-31 CN¥2.05 CN¥30.78 x
2010-12-31 CN¥3.13 CN¥30.78 x
2011-12-31 CN¥3.35 CN¥30.78 x
2012-12-31 CN¥4.41 CN¥30.78 x
2013-12-31 CN¥3.91 CN¥30.78 x
2014-12-31 CN¥5.28 CN¥30.78 x
2015-12-31 CN¥5.78 CN¥30.78 x
2016-12-31 CN¥6.26 CN¥30.78 x
2017-12-31 CN¥6.94 CN¥30.78 x
2018-12-31 CN¥7.62 CN¥30.78 x
2019-12-31 CN¥8.56 CN¥30.78 x
2020-12-31 CN¥9.65 CN¥30.78 x
2021-12-31 CN¥12.34 CN¥30.78 x
2022-12-31 CN¥13.35 CN¥30.78 x
2023-12-31 CN¥14.83 CN¥30.78 x
2024-12-31 CN¥16.43 CN¥30.78 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Grandblue Environment 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): 12.42%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 14.00%
  • • Asset Turnover: 0.30x
  • • Equity Multiplier: 2.93x
  • Recent ROE (12.42%) is above the historical average (11.07%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1997 3.13% 12.95% 0.10x 2.47x CN¥-11.31 Million
1998 8.63% 90.79% 0.05x 2.01x CN¥-3.09 Million
1999 7.81% 63.90% 0.07x 1.87x CN¥-5.39 Million
2000 4.91% 24.31% 0.14x 1.49x CN¥-33.17 Million
2001 10.79% 33.51% 0.24x 1.32x CN¥5.33 Million
2002 10.17% 30.82% 0.26x 1.28x CN¥1.20 Million
2003 8.29% 25.08% 0.27x 1.21x CN¥-13.25 Million
2004 8.91% 26.26% 0.25x 1.33x CN¥-8.77 Million
2005 9.36% 24.31% 0.26x 1.51x CN¥-5.30 Million
2006 10.43% 24.01% 0.26x 1.65x CN¥3.56 Million
2007 10.50% 22.54% 0.29x 1.58x CN¥4.44 Million
2008 10.16% 22.59% 0.24x 1.84x CN¥1.53 Million
2009 10.28% 22.26% 0.22x 2.11x CN¥2.78 Million
2010 36.59% 93.76% 0.19x 2.09x CN¥405.61 Million
2011 9.26% 20.20% 0.19x 2.41x CN¥-12.05 Million
2012 8.39% 21.49% 0.19x 2.05x CN¥-36.41 Million
2013 11.78% 13.34% 0.40x 2.22x CN¥43.43 Million
2014 9.27% 12.68% 0.22x 3.30x CN¥-24.19 Million
2015 9.17% 12.00% 0.27x 2.81x CN¥-36.54 Million
2016 10.54% 13.78% 0.28x 2.75x CN¥26.14 Million
2017 12.25% 15.52% 0.30x 2.65x CN¥119.77 Million
2018 14.97% 18.01% 0.29x 2.83x CN¥289.96 Million
2019 13.92% 14.81% 0.29x 3.21x CN¥256.79 Million
2020 13.99% 14.13% 0.30x 3.30x CN¥301.73 Million
2021 11.75% 9.88% 0.40x 2.96x CN¥172.92 Million
2022 10.49% 8.87% 0.39x 3.06x CN¥53.25 Million
2023 11.80% 11.40% 0.35x 2.95x CN¥217.75 Million
2024 12.42% 14.00% 0.30x 2.93x CN¥323.67 Million

Industry Comparison

This section compares Grandblue Environment Co Ltd's net assets metrics with peer companies in the Utilities - Regulated Water industry.

Industry Context

  • Industry: Utilities - Regulated Water
  • Average net assets among peers: $3,359,023,908
  • Average return on equity (ROE) among peers: 7.45%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Grandblue Environment Co Ltd (600323) CN¥18.12 Billion 3.13% 2.46x $1.85 Billion
Chengdu Xingrong Investment Co Ltd (000598) $11.99 Billion 9.01% 1.11x $1.21 Billion
Bohai Water Industry Co Ltd (000605) $164.13 Million 2.53% 1.04x $171.74 Million
Zhongshan Public Utilities Group Co Ltd (000685) $11.04 Billion 13.53% 0.25x $1.16 Billion
Guangdong Shunkong Development Co Ltd (003039) $1.68 Billion 11.76% 1.49x $276.18 Million
Gansu Dayu Water saving Group (300021) $2.33 Billion 3.48% 3.01x $349.89 Million
Beijing Water Business Doctor (300055) $1.60 Billion 3.85% 0.13x $355.06 Million
BGT Group Co. Ltd. (300774) $1.52 Billion 2.16% 0.65x $371.81 Million
Hynar Water Group Co. Ltd. (300961) $695.55 Million 13.29% 1.35x $339.95 Million
Shenzhen Water Planning & Design Institute Co. Ltd. (301038) $942.31 Million 11.26% 0.90x $202.63 Million
Wuhan Sanzhen Industry Holding Co Ltd (600168) $1.63 Billion 3.60% 0.65x $316.91 Million