EGing Photovoltaic Technology Co Ltd (600537) - Net Assets

Latest as of September 2025: CN¥253.13 Million CNY ≈ $37.04 Million USD

Based on the latest financial reports, EGing Photovoltaic Technology Co Ltd (600537) has net assets worth CN¥253.13 Million CNY (≈ $37.04 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¥5.32 Billion ≈ $777.99 Million USD) and total liabilities (CN¥5.06 Billion ≈ $740.95 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 EGing Photovoltaic Technology Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore 600537 total asset value for the complete picture of this company's asset base.

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. For live valuation and market cap data, see EGing Photovoltaic Technology Co Ltd market cap and net worth.

Year	Net Assets	Change
2024-12-31	CN¥497.69 Million ≈ $72.83 Million	-83.04%
2023-12-31	CN¥2.94 Billion ≈ $429.49 Million	+2.30%
2022-12-31	CN¥2.87 Billion ≈ $419.82 Million	+7.40%
2021-12-31	CN¥2.67 Billion ≈ $390.89 Million	+0.01%
2020-12-31	CN¥2.67 Billion ≈ $390.87 Million	-19.63%
2019-12-31	CN¥3.32 Billion ≈ $486.35 Million	-8.95%
2018-12-31	CN¥3.65 Billion ≈ $534.13 Million	+1.48%
2017-12-31	CN¥3.60 Billion ≈ $526.32 Million	+18.59%
2016-12-31	CN¥3.03 Billion ≈ $443.80 Million	+10.25%
2015-12-31	CN¥2.75 Billion ≈ $402.54 Million	+100.49%
2014-12-31	CN¥1.37 Billion ≈ $200.78 Million	+7.49%
2013-12-31	CN¥1.28 Billion ≈ $186.80 Million	+5.57%
2012-12-31	CN¥1.21 Billion ≈ $176.94 Million	-37.06%
2011-12-31	CN¥1.92 Billion ≈ $281.15 Million	+298.02%
2010-12-31	CN¥482.71 Million ≈ $70.64 Million	-6.64%
2009-12-31	CN¥517.01 Million ≈ $75.66 Million	+4.21%
2008-12-31	CN¥496.11 Million ≈ $72.60 Million	-1.22%
2007-12-31	CN¥502.21 Million ≈ $73.49 Million	+1.00%
2006-12-31	CN¥497.25 Million ≈ $72.76 Million	-3.02%
2005-12-31	CN¥512.74 Million ≈ $75.03 Million	+1.59%
2004-12-31	CN¥504.73 Million ≈ $73.86 Million	+2.36%
2003-12-31	CN¥493.09 Million ≈ $72.15 Million	+190.90%
2002-12-31	CN¥169.50 Million ≈ $24.80 Million	-2.22%
2001-12-31	CN¥173.35 Million ≈ $25.37 Million	+20.28%
2000-12-31	CN¥144.12 Million ≈ $21.09 Million	+93.87%
1999-12-31	CN¥74.34 Million ≈ $10.88 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
Consolidated Water Co Ltd NASDAQ:CWCO	$526.69 Million
ASP Isotopes Inc. Common Stock NASDAQ:ASPI	$526.71 Million
Jiangsu Smartwin Electronics Technology Co.Ltd. SHE:301106	$526.88 Million
Credit Corp Group Ltd AU:CCP	$526.89 Million
Shanghai Laimu Electronics Co Ltd SHG:603633	$526.50 Million
Il Dong Pharmaceutical Co Ltd KO:249420	$526.34 Million
Hualan Group Co Ltd SHE:301027	$526.15 Million
Comintel Corporation Berhad KLSE:7195	$526.08 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: 8.26x
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 23.93x to 8.26x 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¥3.04	x
2000-12-31	CN¥0.25	CN¥3.04	x
2001-12-31	CN¥0.32	CN¥3.04	x
2002-12-31	CN¥0.31	CN¥3.04	x
2003-12-31	CN¥0.97	CN¥3.04	x
2004-12-31	CN¥1.00	CN¥3.04	x
2005-12-31	CN¥1.02	CN¥3.04	x
2006-12-31	CN¥0.99	CN¥3.04	x
2007-12-31	CN¥0.99	CN¥3.04	x
2008-12-31	CN¥1.14	CN¥3.04	x
2009-12-31	CN¥0.94	CN¥3.04	x
2010-12-31	CN¥0.80	CN¥3.04	x
2011-12-31	CN¥3.17	CN¥3.04	x
2012-12-31	CN¥1.11	CN¥3.04	x
2013-12-31	CN¥1.27	CN¥3.04	x
2014-12-31	CN¥1.42	CN¥3.04	x
2015-12-31	CN¥2.36	CN¥3.04	x
2016-12-31	CN¥2.62	CN¥3.04	x
2017-12-31	CN¥2.96	CN¥3.04	x
2018-12-31	CN¥3.19	CN¥3.04	x
2019-12-31	CN¥2.83	CN¥3.04	x
2020-12-31	CN¥2.27	CN¥3.04	x
2021-12-31	CN¥1.95	CN¥3.04	x
2022-12-31	CN¥2.07	CN¥3.04	x
2023-12-31	CN¥2.24	CN¥3.04	x
2024-12-31	CN¥0.37	CN¥3.04	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: $5,492,353,865
Average return on equity (ROE) among peers: 1.04%

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	$526.57 Million
Shenzhen Topraysolar Co Ltd (002218)	$4.19 Billion	0.26%	0.63x	$1.17 Billion
JA Solar Technology Co Ltd (002459)	$28.53 Billion	-16.32%	2.96x	$5.28 Billion
GCL System Integration Technology Co Ltd (002506)	$3.03 Billion	-1.81%	1.38x	$3.76 Billion
Changzhou Almaden Co Ltd (002623)	$2.07 Billion	2.97%	0.11x	$623.36 Million
Hainan Drinda Automotive Trim Co Ltd (002865)	$376.87 Million	16.83%	0.83x	$2.75 Billion
Henan Yicheng New Energy Co Ltd (300080)	$1.91 Billion	1.43%	0.45x	$1.24 Billion
Gansu Golden Glass Technologies Co Ltd (300093)	$857.17 Million	1.36%	0.68x	$701.69 Million
Risen Energy (300118)	$8.40 Billion	2.77%	1.24x	$2.96 Billion
Lingda Group Co Ltd (300125)	$1.12 Billion	0.72%	0.76x	$931.48 Million
Jolywood Suzhou Sunwatt Co Ltd (300393)	$4.44 Billion	2.18%	1.19x	$1.78 Billion

About EGing Photovoltaic Technology Co Ltd

SHG:600537 China Solar

Market Cap

$526.57 Million

CN¥3.60 Billion CNY

Market Cap Rank

#12320 Global

#3809 in China

Share Price

CN¥3.04

Change (1 day)

-5.00%

52-Week Range

CN¥2.78 - CN¥5.12

All Time High

CN¥9.19