EGing Photovoltaic Technology Co Ltd (600537) - Net Assets
Based on the latest financial reports, EGing Photovoltaic Technology Co Ltd (600537) has net assets worth CN¥-165.78 Million CNY (≈ $-24.26 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.96 Billion ≈ $579.04 Million USD) and total liabilities (CN¥4.12 Billion ≈ $603.30 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 (600537) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥-165.78 Million |
| % of Total Assets | -4.19% |
| Annual Growth Rate | N/A |
| 5-Year Change | -103.35% |
| 10-Year Change | -102.95% |
| Growth Volatility | 78.16 |
EGing Photovoltaic Technology Co Ltd - Net Assets Trend (1999–2025)
This chart illustrates how EGing Photovoltaic Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of EGing Photovoltaic Technology Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for EGing Photovoltaic Technology Co Ltd (1999–2025)
The table below shows the annual net assets of EGing Photovoltaic Technology Co Ltd from 1999 to 2025. For live valuation and market cap data, see EGing Photovoltaic Technology Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥-89.36 Million ≈ $-13.08 Million |
-117.96% |
| 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 |
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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 43255.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥2.78 Billion | % |
| Total Equity | CN¥-79.80 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 |
|---|---|
|
Shanghai Morn Electric Equipment Co Ltd
SHE:002451
|
$492.01 Million |
|
Taiwan Shin Kong Security Co Ltd
TW:9925
|
$492.05 Million |
|
Akva Group
OL:AKVA
|
$492.19 Million |
|
KinderCare Learning Companies, Inc.
NYSE:KLC
|
$492.21 Million |
|
Lendingtree Inc
NASDAQ:TREE
|
$491.84 Million |
|
Rayonier Advanced Materials
NYSE:RYAM
|
$491.82 Million |
|
SML Isuzu Limited
NSE:SMLISUZU
|
$491.77 Million |
|
Yuanbao Inc. American Depositary Shares
NASDAQ:YB
|
$491.70 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 2024 to 2025, total equity changed from 434,649,606 to -79,799,227, a change of -514,448,833 (-118.4%).
- Net loss of 527,772,648 reduced equity.
- Dividend payments of 16,549,918 reduced retained earnings.
- Other factors increased equity by 29,873,733.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-527.77 Million | -661.38% |
| Dividends Paid | CN¥16.55 Million | -20.74% |
| Other Changes | CN¥29.87 Million | +37.44% |
| Total Change | CN¥- | -118.36% |
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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | CN¥0.13 | CN¥2.84 | x |
| 2000-12-31 | CN¥0.25 | CN¥2.84 | x |
| 2001-12-31 | CN¥0.32 | CN¥2.84 | x |
| 2002-12-31 | CN¥0.31 | CN¥2.84 | x |
| 2003-12-31 | CN¥0.97 | CN¥2.84 | x |
| 2004-12-31 | CN¥1.00 | CN¥2.84 | x |
| 2005-12-31 | CN¥1.02 | CN¥2.84 | x |
| 2006-12-31 | CN¥0.99 | CN¥2.84 | x |
| 2007-12-31 | CN¥0.99 | CN¥2.84 | x |
| 2008-12-31 | CN¥1.14 | CN¥2.84 | x |
| 2009-12-31 | CN¥0.94 | CN¥2.84 | x |
| 2010-12-31 | CN¥0.80 | CN¥2.84 | x |
| 2011-12-31 | CN¥3.17 | CN¥2.84 | x |
| 2012-12-31 | CN¥1.10 | CN¥2.84 | x |
| 2013-12-31 | CN¥1.15 | CN¥2.84 | x |
| 2014-12-31 | CN¥1.42 | CN¥2.84 | x |
| 2015-12-31 | CN¥2.36 | CN¥2.84 | x |
| 2016-12-31 | CN¥2.62 | CN¥2.84 | x |
| 2017-12-31 | CN¥2.96 | CN¥2.84 | x |
| 2018-12-31 | CN¥3.19 | CN¥2.84 | x |
| 2019-12-31 | CN¥2.85 | CN¥2.84 | x |
| 2020-12-31 | CN¥2.25 | CN¥2.84 | x |
| 2021-12-31 | CN¥1.94 | CN¥2.84 | x |
| 2022-12-31 | CN¥2.13 | CN¥2.84 | x |
| 2023-12-31 | CN¥2.24 | CN¥2.84 | x |
| 2024-12-31 | CN¥0.37 | CN¥2.84 | x |
| 2025-12-31 | CN¥-0.07 | CN¥2.84 | 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -27.38%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-16.05%), indicating improving 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 | -26.23% | -14.76% | 0.51x | 3.46x | CN¥-832.34 Million |
| 2022 | 5.15% | 1.29% | 0.84x | 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 |
| 2025 | 0.00% | -27.38% | 0.44x | 0.00x | CN¥-519.79 Million |
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: $2,251,263,194
- Average return on equity (ROE) among peers: -4.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| EGing Photovoltaic Technology Co Ltd (600537) | CN¥-165.78 Million | 18.24% | N/A | $491.93 Million |
| Shenzhen Topraysolar Co Ltd (002218) | $2.61 Billion | 1.19% | 0.63x | $845.69 Million |
| JA Solar Technology Co Ltd (002459) | $235.47 Million | 24.95% | 2.73x | $4.03 Billion |
| GCL System Integration Technology Co Ltd (002506) | $4.44 Billion | 1.25% | 2.61x | $2.63 Billion |
| Changzhou Almaden Co Ltd (002623) | $2.36 Billion | 5.84% | 0.72x | $492.86 Million |
| Hainan Drinda Automotive Trim Co Ltd (002865) | $3.66 Billion | -38.68% | 3.48x | $2.14 Billion |
| Henan Yicheng New Energy Co Ltd (300080) | $3.27 Billion | 0.58% | 0.91x | $1.04 Billion |
| Gansu Golden Glass Technologies Co Ltd (300093) | $827.16 Million | 5.38% | 0.27x | $731.72 Million |
| Risen Energy (300118) | $2.05 Billion | 3.69% | 1.00x | $2.22 Billion |
| Lingda Group Co Ltd (300125) | $412.04 Million | -63.58% | 3.73x | $968.50 Million |
| Jolywood Suzhou Sunwatt Co Ltd (300393) | $2.65 Billion | 9.75% | 1.34x | $1.26 Billion |
About EGing Photovoltaic Technology Co Ltd
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