Guangdong Mingzhu Group Co Ltd (600382) - Net Assets
Based on the latest financial reports, Guangdong Mingzhu Group Co Ltd (600382) has net assets worth CN¥2.87 Billion CNY (≈ $419.75 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¥3.42 Billion ≈ $500.71 Million USD) and total liabilities (CN¥553.28 Million ≈ $80.96 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 financial resilience of Guangdong Mingzhu Group Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.87 Billion |
| % of Total Assets | 83.83% |
| Annual Growth Rate | 9.15% |
| 5-Year Change | -60.09% |
| 10-Year Change | -4.77% |
| Growth Volatility | 38.22 |
Guangdong Mingzhu Group Co Ltd - Net Assets Trend (1997–2024)
This chart illustrates how Guangdong Mingzhu Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Guangdong Mingzhu Group Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Guangdong Mingzhu Group Co Ltd (1997–2024)
The table below shows the annual net assets of Guangdong Mingzhu Group Co Ltd from 1997 to 2024. For live valuation and market cap data, see Guangdong Mingzhu Group Co Ltd (600382) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.80 Billion ≈ $409.22 Million |
-12.24% |
| 2023-12-31 | CN¥3.19 Billion ≈ $466.29 Million |
-13.60% |
| 2022-12-31 | CN¥3.69 Billion ≈ $539.71 Million |
-11.83% |
| 2021-12-31 | CN¥4.18 Billion ≈ $612.13 Million |
-40.30% |
| 2020-12-31 | CN¥7.01 Billion ≈ $1.03 Billion |
+5.71% |
| 2019-12-31 | CN¥6.63 Billion ≈ $969.93 Million |
+12.82% |
| 2018-12-31 | CN¥5.88 Billion ≈ $859.74 Million |
+7.58% |
| 2017-12-31 | CN¥5.46 Billion ≈ $799.20 Million |
+7.54% |
| 2016-12-31 | CN¥5.08 Billion ≈ $743.14 Million |
+72.94% |
| 2015-12-31 | CN¥2.94 Billion ≈ $429.70 Million |
+13.10% |
| 2014-12-31 | CN¥2.60 Billion ≈ $379.95 Million |
+52.01% |
| 2013-12-31 | CN¥1.71 Billion ≈ $249.95 Million |
+12.60% |
| 2012-12-31 | CN¥1.52 Billion ≈ $221.99 Million |
+16.19% |
| 2011-12-31 | CN¥1.31 Billion ≈ $191.05 Million |
+19.27% |
| 2010-12-31 | CN¥1.09 Billion ≈ $160.18 Million |
+19.94% |
| 2009-12-31 | CN¥912.63 Million ≈ $133.55 Million |
+9.19% |
| 2008-12-31 | CN¥835.79 Million ≈ $122.30 Million |
+10.86% |
| 2007-12-31 | CN¥753.91 Million ≈ $110.32 Million |
+12.09% |
| 2006-12-31 | CN¥672.60 Million ≈ $98.42 Million |
+7.87% |
| 2005-12-31 | CN¥623.50 Million ≈ $91.24 Million |
+7.91% |
| 2004-12-31 | CN¥577.79 Million ≈ $84.55 Million |
+4.08% |
| 2003-12-31 | CN¥555.13 Million ≈ $81.23 Million |
+5.88% |
| 2002-12-31 | CN¥524.31 Million ≈ $76.72 Million |
+1.58% |
| 2001-12-31 | CN¥516.18 Million ≈ $75.53 Million |
+175.67% |
| 2000-12-31 | CN¥187.25 Million ≈ $27.40 Million |
+5.10% |
| 1999-12-31 | CN¥178.16 Million ≈ $26.07 Million |
-36.17% |
| 1998-12-31 | CN¥279.11 Million ≈ $40.84 Million |
+6.08% |
| 1997-12-31 | CN¥263.12 Million ≈ $38.50 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Guangdong Mingzhu Group 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 17414.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.03 Billion | 73.18% |
| Common Stock | CN¥694.41 Million | 25.09% |
| Other Comprehensive Income | CN¥153.01 Million | 5.53% |
| Total Equity | CN¥2.77 Billion | 100.00% |
Guangdong Mingzhu Group Co Ltd Competitors by Market Cap
The table below lists competitors of Guangdong Mingzhu Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xuchang Yuandong Drive Shaft Co Ltd
SHE:002406
|
$850.56 Million |
|
Itcen Co. Ltd
KQ:124500
|
$850.74 Million |
|
Treasure ASA
OL:TRE
|
$850.94 Million |
|
Yijiahe Technology Co Ltd
SHG:603666
|
$851.14 Million |
|
China Television Media Ltd
SHG:600088
|
$850.26 Million |
|
FARO Technologies Inc
NASDAQ:FARO
|
$849.75 Million |
|
Dynamatic Technologies Limited
NSE:DYNAMATECH
|
$849.63 Million |
|
N-Able Inc
NYSE:NABL
|
$849.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Mingzhu Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,155,565,792 to 2,768,216,515, a change of -387,349,277 (-12.3%).
- Net income of 5,507,477 contributed positively to equity growth.
- Dividend payments of 84,884,619 reduced retained earnings.
- Share repurchases of 240,012,832 reduced equity.
- Other comprehensive income decreased equity by 279,828,555.
- Other factors increased equity by 211,869,252.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥5.51 Million | +0.2% |
| Dividends Paid | CN¥84.88 Million | -3.07% |
| Share Repurchases | CN¥240.01 Million | -8.67% |
| Other Comprehensive Income | CN¥-279.83 Million | -10.11% |
| Other Changes | CN¥211.87 Million | +7.65% |
| Total Change | CN¥- | -12.28% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Mingzhu Group 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: 1.67x
- 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 14.77x to 1.67x 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¥0.57 | CN¥8.37 | x |
| 1998-12-31 | CN¥0.60 | CN¥8.37 | x |
| 1999-12-31 | CN¥0.37 | CN¥8.37 | x |
| 2000-12-31 | CN¥0.37 | CN¥8.37 | x |
| 2001-12-31 | CN¥1.10 | CN¥8.37 | x |
| 2002-12-31 | CN¥1.12 | CN¥8.37 | x |
| 2003-12-31 | CN¥1.21 | CN¥8.37 | x |
| 2004-12-31 | CN¥1.25 | CN¥8.37 | x |
| 2005-12-31 | CN¥1.34 | CN¥8.37 | x |
| 2006-12-31 | CN¥1.14 | CN¥8.37 | x |
| 2007-12-31 | CN¥1.26 | CN¥8.37 | x |
| 2008-12-31 | CN¥1.39 | CN¥8.37 | x |
| 2009-12-31 | CN¥1.57 | CN¥8.37 | x |
| 2010-12-31 | CN¥1.82 | CN¥8.37 | x |
| 2011-12-31 | CN¥2.15 | CN¥8.37 | x |
| 2012-12-31 | CN¥2.55 | CN¥8.37 | x |
| 2013-12-31 | CN¥2.88 | CN¥8.37 | x |
| 2014-12-31 | CN¥4.32 | CN¥8.37 | x |
| 2015-12-31 | CN¥4.58 | CN¥8.37 | x |
| 2016-12-31 | CN¥7.99 | CN¥8.37 | x |
| 2017-12-31 | CN¥6.45 | CN¥8.37 | x |
| 2018-12-31 | CN¥6.94 | CN¥8.37 | x |
| 2019-12-31 | CN¥7.61 | CN¥8.37 | x |
| 2020-12-31 | CN¥8.00 | CN¥8.37 | x |
| 2021-12-31 | CN¥5.38 | CN¥8.37 | x |
| 2022-12-31 | CN¥4.75 | CN¥8.37 | x |
| 2023-12-31 | CN¥4.09 | CN¥8.37 | x |
| 2024-12-31 | CN¥5.03 | CN¥8.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Mingzhu Group 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): 0.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.28%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.19x
- Recent ROE (0.20%) is below the historical average (10.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 5.13% | 12.56% | 0.26x | 1.56x | CN¥-12.29 Million |
| 1998 | 5.76% | 11.93% | 0.30x | 1.63x | CN¥-11.37 Million |
| 1999 | 12.43% | 6.36% | 0.84x | 2.33x | CN¥4.01 Million |
| 2000 | 14.18% | 6.82% | 0.84x | 2.49x | CN¥6.90 Million |
| 2001 | 6.72% | 9.16% | 0.34x | 2.14x | CN¥-15.99 Million |
| 2002 | 7.15% | 8.15% | 0.42x | 2.09x | CN¥-14.25 Million |
| 2003 | 6.83% | 5.99% | 0.54x | 2.12x | CN¥-17.05 Million |
| 2004 | 7.95% | 6.97% | 0.42x | 2.72x | CN¥-11.40 Million |
| 2005 | 7.74% | 6.96% | 0.41x | 2.71x | CN¥-13.50 Million |
| 2006 | 9.07% | 8.62% | 0.45x | 2.35x | CN¥-6.00 Million |
| 2007 | 12.24% | 12.91% | 0.44x | 2.15x | CN¥16.51 Million |
| 2008 | 11.08% | 11.25% | 0.52x | 1.91x | CN¥8.84 Million |
| 2009 | 10.20% | 13.20% | 0.42x | 1.85x | CN¥1.78 Million |
| 2010 | 16.22% | 28.49% | 0.49x | 1.17x | CN¥66.07 Million |
| 2011 | 14.88% | 115.23% | 0.11x | 1.19x | CN¥60.27 Million |
| 2012 | 16.72% | 85.07% | 0.17x | 1.15x | CN¥98.88 Million |
| 2013 | 12.12% | 369.22% | 0.03x | 1.14x | CN¥35.20 Million |
| 2014 | 33.82% | 623.94% | 0.05x | 1.08x | CN¥594.39 Million |
| 2015 | 5.95% | 72.20% | 0.07x | 1.22x | CN¥-107.05 Million |
| 2016 | 3.70% | 73.97% | 0.04x | 1.21x | CN¥-301.09 Million |
| 2017 | 6.51% | 51.82% | 0.10x | 1.31x | CN¥-177.76 Million |
| 2018 | 7.10% | 54.02% | 0.10x | 1.27x | CN¥-158.91 Million |
| 2019 | 10.01% | 50.65% | 0.15x | 1.30x | CN¥773.17K |
| 2020 | 8.18% | 95.84% | 0.07x | 1.28x | CN¥-115.08 Million |
| 2021 | 22.37% | 53.16% | 0.32x | 1.30x | CN¥512.51 Million |
| 2022 | 8.09% | 31.64% | 0.22x | 1.14x | CN¥-69.82 Million |
| 2023 | 4.89% | 22.61% | 0.18x | 1.20x | CN¥-161.28 Million |
| 2024 | 0.20% | 1.28% | 0.13x | 1.19x | CN¥-271.31 Million |
Industry Comparison
This section compares Guangdong Mingzhu Group Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,959,429,291
- Average return on equity (ROE) among peers: 10.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Mingzhu Group Co Ltd (600382) | CN¥2.87 Billion | 5.13% | 0.19x | $850.51 Million |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $266.56 Million | 3.44% | 1.72x | $423.10 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.86 Billion | 17.55% | 2.07x | $1.63 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $1.09 Billion | 2.98% | 1.57x | $483.17 Million |
| CPT Technology Group Co Ltd (000536) | $3.32 Billion | 10.43% | 0.37x | $1.59 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $6.06 Billion | 5.92% | 0.45x | $4.25 Billion |
| Xiamen Xindeco Ltd (000701) | $217.53 Million | 0.00% | 0.71x | $586.43 Million |
| BOE Technology Group Co Ltd (000725) | $466.65 Million | 21.84% | 0.74x | $21.70 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $9.75 Billion | 24.43% | 0.39x | $3.46 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $4.17 Billion | 8.18% | 0.30x | $2.15 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $1.38 Billion | 7.09% | 0.20x | $4.88 Billion |
About Guangdong Mingzhu Group Co Ltd
Guangdong Mingzhu Group Co.,Ltd engages in trading and activities in China. It is also involved in real estate development and sales, industrial investment, and equipment and property leasing activities. The company was founded in 1994 and is based in Xingning, China.