Guangdong Rongtai Industry Co Ltd (600589) - Net Assets

Latest as of March 2026: CN¥621.99 Million CNY ≈ $91.02 Million USD

Based on the latest financial reports, Guangdong Rongtai Industry Co Ltd (600589) has net assets worth CN¥621.99 Million CNY (≈ $91.02 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¥3.63 Billion ≈ $531.19 Million USD) and total liabilities (CN¥3.01 Billion ≈ $440.18 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 Guangdong Rongtai Industry Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥621.99 Million
% of Total Assets	17.13%
Annual Growth Rate	5.51%
5-Year Change	668.3%
10-Year Change	-78.13%
Growth Volatility	182.4

Guangdong Rongtai Industry Co Ltd - Net Assets Trend (1998–2025)

This chart illustrates how Guangdong Rongtai Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. See Guangdong Rongtai Industry Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Guangdong Rongtai Industry Co Ltd (1998–2025)

The table below shows the annual net assets of Guangdong Rongtai Industry Co Ltd from 1998 to 2025. For live valuation and market cap data, see Guangdong Rongtai Industry Co Ltd market cap and net worth.

Year	Net Assets	Change
2025-12-31	CN¥652.22 Million ≈ $95.44 Million	-2.16%
2024-12-31	CN¥666.60 Million ≈ $97.54 Million	+6.15%
2023-12-31	CN¥627.97 Million ≈ $91.89 Million	+193.76%
2022-12-31	CN¥-669.75 Million ≈ $-98.01 Million	-888.94%
2021-12-31	CN¥84.89 Million ≈ $12.42 Million	-93.56%
2020-12-31	CN¥1.32 Billion ≈ $192.99 Million	-47.95%
2019-12-31	CN¥2.53 Billion ≈ $370.80 Million	-20.30%
2018-12-31	CN¥3.18 Billion ≈ $465.25 Million	+3.39%
2017-12-31	CN¥3.08 Billion ≈ $450.00 Million	+3.10%
2016-12-31	CN¥2.98 Billion ≈ $436.46 Million	+45.62%
2015-12-31	CN¥2.05 Billion ≈ $299.73 Million	+0.56%
2014-12-31	CN¥2.04 Billion ≈ $298.06 Million	+0.84%
2013-12-31	CN¥2.02 Billion ≈ $295.58 Million	+1.07%
2012-12-31	CN¥2.00 Billion ≈ $292.45 Million	+5.07%
2011-12-31	CN¥1.90 Billion ≈ $278.35 Million	+3.82%
2010-12-31	CN¥1.83 Billion ≈ $268.10 Million	+6.93%
2009-12-31	CN¥1.71 Billion ≈ $250.72 Million	+40.99%
2008-12-31	CN¥1.22 Billion ≈ $177.82 Million	+8.72%
2007-12-31	CN¥1.12 Billion ≈ $163.56 Million	+13.32%
2006-12-31	CN¥986.34 Million ≈ $144.33 Million	+51.06%
2005-12-31	CN¥652.95 Million ≈ $95.55 Million	+2.68%
2004-12-31	CN¥635.93 Million ≈ $93.06 Million	+2.66%
2003-12-31	CN¥619.48 Million ≈ $90.65 Million	+9.45%
2002-12-31	CN¥566.02 Million ≈ $82.83 Million	+3.76%
2001-12-31	CN¥545.50 Million ≈ $79.82 Million	+263.08%
2000-12-31	CN¥150.24 Million ≈ $21.99 Million	+10.62%
1999-12-31	CN¥135.82 Million ≈ $19.87 Million	-11.33%
1998-12-31	CN¥153.17 Million ≈ $22.41 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 9409.1% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	CN¥3.26 Billion	500.09%
Total Equity	CN¥651.51 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
Benchmark Electronics Inc NYSE:BHE	$2.22 Billion
Fujian Star Net Communic Ltd SHE:002396	$2.22 Billion
The Great Eastern Shipping Company Limited NSE:GESHIP	$2.22 Billion
China Longyuan Power Group Corporation Limited F:6WX	$2.22 Billion
Schiehallion Fund Ltd LSE:MNTN	$2.22 Billion
Jeju Semiconductor Corp KQ:080220	$2.22 Billion
Hainan Strait Shipping Co Ltd SHE:002320	$2.21 Billion
Shenzhen Sinexcel Electric Co Ltd SHE:300693	$2.21 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 2024 to 2025, total equity changed from 666,011,663 to 651,510,613, a change of -14,501,050 (-2.2%).
Net loss of 19,181,182 reduced equity.
Dividend payments of 21,880,315 reduced retained earnings.
Other comprehensive income decreased equity by 179,297,618.
Other factors increased equity by 205,858,066.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-19.18 Million	-2.94%
Dividends Paid	CN¥21.88 Million	-3.36%
Other Comprehensive Income	CN¥-179.30 Million	-27.52%
Other Changes	CN¥205.86 Million	+31.6%
Total Change	CN¥-	-2.18%

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: 23.27x
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 57.56x to 23.27x 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¥10.21	x
1999-12-31	CN¥0.16	CN¥10.21	x
2000-12-31	CN¥0.17	CN¥10.21	x
2001-12-31	CN¥0.63	CN¥10.21	x
2002-12-31	CN¥0.66	CN¥10.21	x
2003-12-31	CN¥0.72	CN¥10.21	x
2004-12-31	CN¥0.74	CN¥10.21	x
2005-12-31	CN¥0.76	CN¥10.21	x
2006-12-31	CN¥1.09	CN¥10.21	x
2007-12-31	CN¥1.55	CN¥10.21	x
2008-12-31	CN¥1.15	CN¥10.21	x
2009-12-31	CN¥1.49	CN¥10.21	x
2010-12-31	CN¥1.53	CN¥10.21	x
2011-12-31	CN¥1.56	CN¥10.21	x
2012-12-31	CN¥3.31	CN¥10.21	x
2013-12-31	CN¥3.32	CN¥10.21	x
2014-12-31	CN¥3.28	CN¥10.21	x
2015-12-31	CN¥1.64	CN¥10.21	x
2016-12-31	CN¥1.97	CN¥10.21	x
2017-12-31	CN¥2.07	CN¥10.21	x
2018-12-31	CN¥2.17	CN¥10.21	x
2019-12-31	CN¥1.72	CN¥10.21	x
2020-12-31	CN¥0.89	CN¥10.21	x
2021-12-31	CN¥0.06	CN¥10.21	x
2022-12-31	CN¥-0.45	CN¥10.21	x
2023-12-31	CN¥0.45	CN¥10.21	x
2024-12-31	CN¥0.30	CN¥10.21	x
2025-12-31	CN¥0.44	CN¥10.21	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): -2.94%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -4.40%
• Asset Turnover: 0.14x
• Equity Multiplier: 4.75x
Recent ROE (-2.94%) is above the historical average (-28.82%), 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
2025	-2.94%	-4.40%	0.14x	4.75x	CN¥-84.33 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: $4,238,970,200
Average return on equity (ROE) among peers: 9.03%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Guangdong Rongtai Industry Co Ltd (600589)	CN¥621.99 Million	21.51%	4.84x	$2.22 Billion
North Huajin Chemical Industries Co Ltd (000059)	$14.98 Billion	0.47%	1.13x	$940.88 Million
Sichuan Chemical Co Ltd (000155)	$505.75 Million	22.40%	1.18x	$3.48 Billion
Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301)	$2.69 Billion	5.91%	0.33x	$11.21 Billion
Zangge Holding Co Ltd (000408)	$6.53 Billion	18.58%	0.19x	$17.56 Billion
Sichuan Jinlu Group Co Ltd (000510)	$754.79 Million	9.90%	0.56x	$2.10 Billion
Jilin Gpro Titanium Industry Co Ltd (000545)	$2.05 Billion	4.97%	0.52x	$348.02 Million
Aoyuan Beauty Valley Technology Co Ltd (000615)	$674.19 Million	1.08%	0.85x	$891.94 Million
Ningxia Younglight Chemicals Co Ltd (000635)	$2.90 Billion	3.79%	0.15x	$376.61 Million
Maoming Petro-Chemical Shihua Co Ltd (000637)	$771.01 Million	16.41%	0.10x	$286.04 Million
Inner Mongolia Yuan Xing Energy Co Ltd (000683)	$10.53 Billion	6.76%	1.09x	$3.42 Billion

About Guangdong Rongtai Industry Co Ltd

SHG:600589 China Chemicals

Market Cap

$2.22 Billion

CN¥15.16 Billion CNY

Market Cap Rank

#5976 Global

#1236 in China

Share Price

CN¥10.21

Change (1 day)

-0.29%

52-Week Range

CN¥6.92 - CN¥13.86

All Time High

CN¥16.84