EGing Photovoltaic Technology Co Ltd

SHG:600537 China Solar
Market Cap
$558.20 Million
CN¥4.10 Billion CNY
Market Cap Rank
#10224 Global
#2223 in China
Share Price
CN¥3.46
Change (1 day)
+1.47%
52-Week Range
CN¥2.69 - CN¥5.12
All Time High
CN¥9.19
Categories
Companies in China Solar
About

EGing Photovoltaic Technology Co.,Ltd. researches, develops, manufactures, and sells photovoltaic products in China and internationally. Its products include silicon wafers, crystalline silicon photovoltaic cells and modules, and photovoltaic panel battery modules. The company also engages in the photovoltaic power generation business. In addition, it offers residential, commercial, and utility-s… Read more

EGing Photovoltaic Technology Co Ltd (600537) - Net Assets

Latest net assets as of September 2025: CN¥253.13 Million CNY

Based on the latest financial reports, EGing Photovoltaic Technology Co Ltd (600537) has net assets worth CN¥253.13 Million 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¥5.32 Billion) and total liabilities (CN¥5.06 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¥253.13 Million
% of Total Assets 4.76%
Annual Growth Rate 7.9%
5-Year Change -81.37%
10-Year Change -81.91%
Growth Volatility 74.68

EGing Photovoltaic Technology Co Ltd - Net Assets Trend (1999–2024)

This chart illustrates how EGing Photovoltaic Technology 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 EGing Photovoltaic Technology Co Ltd (1999–2024)

The table below shows the annual net assets of EGing Photovoltaic Technology Co Ltd from 1999 to 2024.

Year Net Assets Change
2024-12-31 CN¥497.69 Million -83.04%
2023-12-31 CN¥2.94 Billion +2.30%
2022-12-31 CN¥2.87 Billion +7.40%
2021-12-31 CN¥2.67 Billion +0.01%
2020-12-31 CN¥2.67 Billion -19.63%
2019-12-31 CN¥3.32 Billion -8.95%
2018-12-31 CN¥3.65 Billion +1.48%
2017-12-31 CN¥3.60 Billion +18.59%
2016-12-31 CN¥3.03 Billion +10.25%
2015-12-31 CN¥2.75 Billion +100.49%
2014-12-31 CN¥1.37 Billion +7.49%
2013-12-31 CN¥1.28 Billion +5.57%
2012-12-31 CN¥1.21 Billion -37.06%
2011-12-31 CN¥1.92 Billion +298.02%
2010-12-31 CN¥482.71 Million -6.64%
2009-12-31 CN¥517.01 Million +4.21%
2008-12-31 CN¥496.11 Million -1.22%
2007-12-31 CN¥502.21 Million +1.00%
2006-12-31 CN¥497.25 Million -3.02%
2005-12-31 CN¥512.74 Million +1.59%
2004-12-31 CN¥504.73 Million +2.36%
2003-12-31 CN¥493.09 Million +190.90%
2002-12-31 CN¥169.50 Million -2.22%
2001-12-31 CN¥173.35 Million +20.28%
2000-12-31 CN¥144.12 Million +93.87%
1999-12-31 CN¥74.34 Million --

Equity Component Analysis

This analysis shows how different components contribute to EGing Photovoltaic Technology 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 decreased by 35294.7% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CN¥1.19 Billion 272.91%
Other Components CN¥1.58 Billion 363.91%
Total Equity CN¥434.65 Million 100.00%

EGing Photovoltaic Technology Co Ltd Competitors by Market Cap

The table below lists competitors of EGing Photovoltaic Technology Co Ltd ranked by their market capitalization.

Company Market Cap
Brainbees Solutions Limited
NSE:FIRSTCRY
 		$504.30 Million
Fujian Zhangzhou Development Co Ltd
SHE:000753
 		$504.34 Million
Park Aerospace Corp
NYSE:PKE
 		$504.47 Million
Tungkong Inc
SHE:002117
 		$504.60 Million
Chongqing Baiya Sanitary Products Co
SHE:003006
 		$504.23 Million
Juewei Food Co Ltd
SHG:603517
 		$504.12 Million
Societe de la Tour Eiffel SA
PA:EIFF
 		$504.02 Million
Türkiye Sinai Kalkinma Bankasi A.S
OTCGREY:TRKYY
 		$504.00 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 2,524,319,307 to 434,649,606, a change of -2,089,669,701 (-82.8%).
  • Net loss of 2,090,286,435 reduced equity.
  • Dividend payments of 15,327,555 reduced retained earnings.
  • Share repurchases of 19,453,750 reduced equity.
  • Other factors increased equity by 35,398,039.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥-2.09 Billion -480.91%
Dividends Paid CN¥15.33 Million -3.53%
Share Repurchases CN¥19.45 Million -4.48%
Other Changes CN¥35.40 Million +8.14%
Total Change CN¥- -82.78%

Book Value vs Market Value Analysis

This analysis compares EGing Photovoltaic Technology 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: 9.40x
  • 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 27.24x to 9.40x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1999-12-31 CN¥0.13 CN¥3.46 x
2000-12-31 CN¥0.25 CN¥3.46 x
2001-12-31 CN¥0.32 CN¥3.46 x
2002-12-31 CN¥0.31 CN¥3.46 x
2003-12-31 CN¥0.97 CN¥3.46 x
2004-12-31 CN¥1.00 CN¥3.46 x
2005-12-31 CN¥1.02 CN¥3.46 x
2006-12-31 CN¥0.99 CN¥3.46 x
2007-12-31 CN¥0.99 CN¥3.46 x
2008-12-31 CN¥1.14 CN¥3.46 x
2009-12-31 CN¥0.94 CN¥3.46 x
2010-12-31 CN¥0.80 CN¥3.46 x
2011-12-31 CN¥3.17 CN¥3.46 x
2012-12-31 CN¥1.11 CN¥3.46 x
2013-12-31 CN¥1.27 CN¥3.46 x
2014-12-31 CN¥1.42 CN¥3.46 x
2015-12-31 CN¥2.36 CN¥3.46 x
2016-12-31 CN¥2.62 CN¥3.46 x
2017-12-31 CN¥2.96 CN¥3.46 x
2018-12-31 CN¥3.19 CN¥3.46 x
2019-12-31 CN¥2.83 CN¥3.46 x
2020-12-31 CN¥2.27 CN¥3.46 x
2021-12-31 CN¥1.95 CN¥3.46 x
2022-12-31 CN¥2.07 CN¥3.46 x
2023-12-31 CN¥2.24 CN¥3.46 x
2024-12-31 CN¥0.37 CN¥3.46 x

Capital Efficiency Dashboard

This dashboard shows how efficiently EGing Photovoltaic Technology 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): -480.91%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -60.10%
  • • Asset Turnover: 0.57x
  • • Equity Multiplier: 14.15x
  • Recent ROE (-480.91%) is below the historical average (-16.83%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1999 18.24% 6.75% 0.90x 3.01x CN¥5.18 Million
2000 28.12% 17.47% 0.80x 2.02x CN¥22.80 Million
2001 21.43% 14.61% 0.62x 2.38x CN¥18.23 Million
2002 23.39% 14.57% 0.50x 3.20x CN¥20.68 Million
2003 7.92% 12.92% 0.48x 1.28x CN¥-9.98 Million
2004 8.42% 11.21% 0.45x 1.68x CN¥-7.81 Million
2005 6.71% 7.80% 0.47x 1.82x CN¥-16.59 Million
2006 2.99% 9.08% 0.18x 1.81x CN¥-34.26 Million
2007 4.14% 5.43% 0.44x 1.74x CN¥-28.97 Million
2008 1.19% 1.48% 0.46x 1.75x CN¥-43.05 Million
2009 0.48% 0.61% 0.44x 1.79x CN¥-46.75 Million
2010 -8.75% -8.37% 0.49x 2.12x CN¥-84.73 Million
2011 5.59% 2.60% 0.81x 2.67x CN¥-83.40 Million
2012 -58.34% -35.05% 0.40x 4.12x CN¥-806.27 Million
2013 5.52% 2.56% 0.56x 3.87x CN¥-56.00 Million
2014 8.82% 3.69% 0.61x 3.95x CN¥-16.04 Million
2015 8.49% 4.75% 0.73x 2.44x CN¥-41.63 Million
2016 11.84% 6.95% 0.73x 2.34x CN¥55.92 Million
2017 1.35% 1.18% 0.63x 1.83x CN¥-311.01 Million
2018 1.88% 1.93% 0.53x 1.83x CN¥-296.41 Million
2019 -9.12% -8.51% 0.55x 1.94x CN¥-635.36 Million
2020 -24.43% -15.92% 0.55x 2.81x CN¥-919.55 Million
2021 -30.48% -17.15% 0.51x 3.46x CN¥-930.07 Million
2022 5.15% 1.27% 0.85x 4.77x CN¥-119.78 Million
2023 2.68% 0.83% 0.70x 4.56x CN¥-184.84 Million
2024 -480.91% -60.10% 0.57x 14.15x CN¥-2.13 Billion

Industry Comparison

This section compares EGing Photovoltaic Technology Co Ltd's net assets metrics with peer companies in the Solar industry.

Industry Context

  • Industry: Solar
  • Average net assets among peers: $4,629,795,698
  • Average return on equity (ROE) among peers: 4.94%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
EGing Photovoltaic Technology Co Ltd (600537) CN¥253.13 Million 18.24% 20.00x $504.28 Million
Shenzhen Topraysolar Co Ltd (002218) $704.57 Million 4.73% 0.28x $670.55 Million
JA Solar Technology Co Ltd (002459) $30.16 Billion 18.35% 1.40x $2.78 Billion
GCL System Integration Technology Co Ltd (002506) $4.29 Billion 1.05% 3.39x $2.32 Billion
Changzhou Almaden Co Ltd (002623) $40.18 Million 14.90% 1.71x $313.43 Million
Hainan Drinda Automotive Trim Co Ltd (002865) $503.78 Million 9.15% 1.26x $2.32 Billion
Henan Yicheng New Energy Co Ltd (300080) $3.27 Billion 0.58% 0.91x $1.28 Billion
Gansu Golden Glass Technologies Co Ltd (300093) $507.06 Million -25.83% 0.95x $512.56 Million
Risen Energy (300118) $3.14 Billion 10.27% 1.70x $2.05 Billion
Lingda Group Co Ltd (300125) $1.03 Billion 6.42% 0.30x $258.47 Million
Jolywood Suzhou Sunwatt Co Ltd (300393) $2.65 Billion 9.75% 1.34x $1.13 Billion