Guangdong Rongtai Industry Co Ltd

SHG:600589 China Chemicals
Market Cap
$2.20 Billion
CN¥16.12 Billion CNY
Market Cap Rank
#6532 Global
#1003 in China
Share Price
CN¥10.86
Change (1 day)
-7.89%
52-Week Range
CN¥5.83 - CN¥13.86
All Time High
CN¥16.84
Categories
Companies in China Chemicals
About

Dawei Technology (Guangdong) Group Co., Ltd., through its subsidiaries, engages in the internet data center business in China. The company offers internet data, computer system, energy storage technology, information system integration, and cloud computing equipment technology services, as well as technical services, including development, consulting, exchange, transfer, and promotion services. I… Read more

Guangdong Rongtai Industry Co Ltd (600589) - Net Assets

Latest net assets as of September 2025: CN¥712.06 Million CNY

Based on the latest financial reports, Guangdong Rongtai Industry Co Ltd (600589) has net assets worth CN¥712.06 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¥3.02 Billion) and total liabilities (CN¥2.31 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¥712.06 Million
% of Total Assets 23.59%
Annual Growth Rate 5.82%
5-Year Change -49.46%
10-Year Change -67.46%
Growth Volatility 185.97

Guangdong Rongtai Industry Co Ltd - Net Assets Trend (1998–2024)

This chart illustrates how Guangdong Rongtai Industry 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 Guangdong Rongtai Industry Co Ltd (1998–2024)

The table below shows the annual net assets of Guangdong Rongtai Industry Co Ltd from 1998 to 2024.

Year Net Assets Change
2024-12-31 CN¥666.60 Million +6.15%
2023-12-31 CN¥627.97 Million +193.76%
2022-12-31 CN¥-669.75 Million -888.94%
2021-12-31 CN¥84.89 Million -93.56%
2020-12-31 CN¥1.32 Billion -47.95%
2019-12-31 CN¥2.53 Billion -20.30%
2018-12-31 CN¥3.18 Billion +3.39%
2017-12-31 CN¥3.08 Billion +3.10%
2016-12-31 CN¥2.98 Billion +45.62%
2015-12-31 CN¥2.05 Billion +0.56%
2014-12-31 CN¥2.04 Billion +0.84%
2013-12-31 CN¥2.02 Billion +1.07%
2012-12-31 CN¥2.00 Billion +5.07%
2011-12-31 CN¥1.90 Billion +3.82%
2010-12-31 CN¥1.83 Billion +6.93%
2009-12-31 CN¥1.71 Billion +40.99%
2008-12-31 CN¥1.22 Billion +8.72%
2007-12-31 CN¥1.12 Billion +13.32%
2006-12-31 CN¥986.34 Million +51.06%
2005-12-31 CN¥652.95 Million +2.68%
2004-12-31 CN¥635.93 Million +2.66%
2003-12-31 CN¥619.48 Million +9.45%
2002-12-31 CN¥566.02 Million +3.76%
2001-12-31 CN¥545.50 Million +263.08%
2000-12-31 CN¥150.24 Million +10.62%
1999-12-31 CN¥135.82 Million -11.33%
1998-12-31 CN¥153.17 Million --

Equity Component Analysis

This analysis shows how different components contribute to Guangdong Rongtai Industry 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 9340.6% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CN¥1.48 Billion 221.99%
Other Comprehensive Income CN¥179.30 Million 26.92%
Other Components CN¥1.60 Billion 239.59%
Total Equity CN¥666.01 Million 100.00%

Guangdong Rongtai Industry Co Ltd Competitors by Market Cap

The table below lists competitors of Guangdong Rongtai Industry Co Ltd ranked by their market capitalization.

Company Market Cap
Batisoke Soke Cimento Sanayi TAS
IS:BSOKE
 		$1.22 Billion
RTL Group S.A
PINK:RGLXF
 		$1.22 Billion
Cenergy Holdings SA
BR:CENER
 		$1.22 Billion
Shenzhen Sunline Tech Co Ltd
SHE:300348
 		$1.22 Billion
Toei Animation Co.Ltd
OTCGREY:TOEAF
 		$1.22 Billion
Thermax Limited
NSE:THERMAX
 		$1.22 Billion
STOKE THERAPEUT.DL-001
F:0GT
 		$1.22 Billion
Hoshizaki Corporation
PINK:HSHZY
 		$1.22 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 624,822,150 to 666,011,663, a change of 41,189,513 (6.6%).
  • Net loss of 22,131,983 reduced equity.
  • Dividend payments of 54,487,284 reduced retained earnings.
  • Other comprehensive income increased equity by 179,297,618.
  • Other factors decreased equity by 61,488,838.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥-22.13 Million -3.32%
Dividends Paid CN¥54.49 Million -8.18%
Other Comprehensive Income CN¥179.30 Million +26.92%
Other Changes CN¥-61.49 Million -9.23%
Total Change CN¥- 6.59%

Book Value vs Market Value Analysis

This analysis compares Guangdong Rongtai Industry 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: 23.42x
  • 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 61.23x to 23.42x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1998-12-31 CN¥0.18 CN¥10.86 x
1999-12-31 CN¥0.16 CN¥10.86 x
2000-12-31 CN¥0.17 CN¥10.86 x
2001-12-31 CN¥0.63 CN¥10.86 x
2002-12-31 CN¥0.66 CN¥10.86 x
2003-12-31 CN¥0.72 CN¥10.86 x
2004-12-31 CN¥0.74 CN¥10.86 x
2005-12-31 CN¥0.76 CN¥10.86 x
2006-12-31 CN¥1.09 CN¥10.86 x
2007-12-31 CN¥1.55 CN¥10.86 x
2008-12-31 CN¥1.15 CN¥10.86 x
2009-12-31 CN¥1.49 CN¥10.86 x
2010-12-31 CN¥1.53 CN¥10.86 x
2011-12-31 CN¥1.56 CN¥10.86 x
2012-12-31 CN¥1.70 CN¥10.86 x
2013-12-31 CN¥1.66 CN¥10.86 x
2014-12-31 CN¥1.64 CN¥10.86 x
2015-12-31 CN¥1.72 CN¥10.86 x
2016-12-31 CN¥2.06 CN¥10.86 x
2017-12-31 CN¥2.17 CN¥10.86 x
2018-12-31 CN¥2.27 CN¥10.86 x
2019-12-31 CN¥1.80 CN¥10.86 x
2020-12-31 CN¥0.93 CN¥10.86 x
2021-12-31 CN¥0.06 CN¥10.86 x
2022-12-31 CN¥-0.48 CN¥10.86 x
2023-12-31 CN¥0.45 CN¥10.86 x
2024-12-31 CN¥0.46 CN¥10.86 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Guangdong Rongtai Industry 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): -3.32%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -5.46%
  • • Asset Turnover: 0.24x
  • • Equity Multiplier: 2.52x
  • Recent ROE (-3.32%) is above the historical average (-29.78%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1998 21.51% 17.20% 0.87x 1.44x CN¥17.63 Million
1999 26.98% 17.40% 0.90x 1.73x CN¥23.07 Million
2000 17.59% 11.48% 0.85x 1.79x CN¥11.40 Million
2001 6.46% 12.83% 0.40x 1.26x CN¥-19.32 Million
2002 9.28% 15.07% 0.48x 1.27x CN¥-4.09 Million
2003 8.57% 14.12% 0.45x 1.34x CN¥-8.89 Million
2004 8.56% 10.83% 0.47x 1.69x CN¥-9.15 Million
2005 8.91% 10.19% 0.51x 1.71x CN¥-7.13 Million
2006 9.16% 11.32% 0.50x 1.62x CN¥-8.24 Million
2007 12.25% 13.10% 0.58x 1.61x CN¥24.97 Million
2008 9.52% 10.12% 0.56x 1.70x CN¥-5.74 Million
2009 6.38% 8.29% 0.49x 1.57x CN¥-61.73 Million
2010 7.18% 8.17% 0.55x 1.59x CN¥-51.50 Million
2011 4.50% 6.44% 0.44x 1.58x CN¥-104.28 Million
2012 5.30% 8.78% 0.39x 1.56x CN¥-93.60 Million
2013 2.71% 4.61% 0.35x 1.70x CN¥-146.69 Million
2014 1.53% 2.60% 0.32x 1.84x CN¥-171.80 Million
2015 1.02% 2.09% 0.24x 2.01x CN¥-183.10 Million
2016 3.39% 7.02% 0.28x 1.70x CN¥-196.46 Million
2017 4.37% 8.17% 0.28x 1.91x CN¥-173.02 Million
2018 4.84% 9.04% 0.32x 1.70x CN¥-163.97 Million
2019 -24.67% -43.73% 0.34x 1.68x CN¥-877.51 Million
2020 -93.18% -114.73% 0.29x 2.77x CN¥-1.36 Billion
2021 -876.09% -92.15% 0.42x 22.74x CN¥-726.93 Million
2022 0.00% -177.03% 0.38x 0.00x CN¥-678.17 Million
2023 13.22% 22.51% 0.19x 3.14x CN¥20.09 Million
2024 -3.32% -5.46% 0.24x 2.52x CN¥-88.73 Million

Industry Comparison

This section compares Guangdong Rongtai Industry Co Ltd's net assets metrics with peer companies in the Chemicals industry.

Industry Context

  • Industry: Chemicals
  • Average net assets among peers: $2,626,916,213
  • Average return on equity (ROE) among peers: 12.41%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Guangdong Rongtai Industry Co Ltd (600589) CN¥712.06 Million 21.51% 3.24x $1.22 Billion
North Huajin Chemical Industries Co Ltd (000059) $6.22 Billion 3.15% 2.45x $677.73 Million
Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) $1.22 Billion 8.90% 0.47x $2.89 Billion
Zangge Holding Co Ltd (000408) $13.85 Billion 18.63% 0.09x $11.87 Billion
Sichuan Jinlu Group Co Ltd (000510) $31.03 Million 11.65% 3.42x $1.15 Billion
Jilin Gpro Titanium Industry Co Ltd (000545) $258.76 Million 6.78% 0.30x $423.89 Million
Aoyuan Beauty Valley Technology Co Ltd (000615) $54.68 Million 39.27% 1.16x $225.85 Million
Ningxia Younglight Chemicals Co Ltd (000635) $184.46 Million 13.30% 2.58x $295.21 Million
Maoming Petro-Chemical Shihua Co Ltd (000637) $691.87 Million 1.61% 0.02x $187.22 Million
Shenyang Chemical Industry Co Ltd (000698) $3.01 Billion 7.14% 1.28x $240.44 Million
Hubei Shuanghuan Science and Technology Stock Co Ltd (000707) $759.12 Million 13.65% 0.22x $412.94 Million