Guangan
Sichuan Guangan Aaa Public Co.,Ltd engages in the electricity, gas, and water businesses in China. The company generates and supplies hydroelectric power; and supplies natural gas, electricity, and drinking water. It operates water supply and sewage treatment plants, as well as various hydropower stations and substations. In addition, the company operates gas storage and distribution stations, th… Read more
Guangan (600979) - Net Assets
Latest net assets as of September 2025: CN¥4.88 Billion CNY
Based on the latest financial reports, Guangan (600979) has net assets worth CN¥4.88 Billion 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¥12.60 Billion) and total liabilities (CN¥7.72 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¥4.88 Billion |
| % of Total Assets | 38.75% |
| Annual Growth Rate | 18.2% |
| 5-Year Change | 13.16% |
| 10-Year Change | 142.2% |
| Growth Volatility | 42.27 |
Guangan - Net Assets Trend (2001–2024)
This chart illustrates how Guangan's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Guangan (2001–2024)
The table below shows the annual net assets of Guangan from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.78 Billion | +3.70% |
| 2023-12-31 | CN¥4.61 Billion | +3.55% |
| 2022-12-31 | CN¥4.45 Billion | +2.27% |
| 2021-12-31 | CN¥4.35 Billion | +3.04% |
| 2020-12-31 | CN¥4.22 Billion | +3.76% |
| 2019-12-31 | CN¥4.07 Billion | +4.93% |
| 2018-12-31 | CN¥3.88 Billion | +5.40% |
| 2017-12-31 | CN¥3.68 Billion | +6.68% |
| 2016-12-31 | CN¥3.45 Billion | +74.82% |
| 2015-12-31 | CN¥1.97 Billion | +1.86% |
| 2014-12-31 | CN¥1.94 Billion | +7.28% |
| 2013-12-31 | CN¥1.80 Billion | +44.75% |
| 2012-12-31 | CN¥1.25 Billion | +4.32% |
| 2011-12-31 | CN¥1.20 Billion | +3.84% |
| 2010-12-31 | CN¥1.15 Billion | +132.84% |
| 2009-12-31 | CN¥494.40 Million | +10.67% |
| 2008-12-31 | CN¥446.75 Million | +12.71% |
| 2007-12-31 | CN¥396.36 Million | -18.21% |
| 2006-12-31 | CN¥484.58 Million | +1.92% |
| 2005-12-31 | CN¥475.45 Million | +19.09% |
| 2004-12-31 | CN¥399.25 Million | +161.42% |
| 2003-12-31 | CN¥152.72 Million | +17.68% |
| 2002-12-31 | CN¥129.78 Million | +27.05% |
| 2001-12-31 | CN¥102.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Guangan'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 grown by 1788923.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.60 Billion | 35.01% |
| Common Stock | CN¥1.26 Billion | 27.63% |
| Other Comprehensive Income | CN¥287.91 Million | 6.30% |
| Other Components | CN¥1.42 Billion | 31.06% |
| Total Equity | CN¥4.57 Billion | 100.00% |
Guangan Competitors by Market Cap
The table below lists competitors of Guangan ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Yanpu Metal Products Co Ltd
SHG:605128
|
$558.83 Million |
|
Westshore Terminals Investment Corp
PINK:WTSHF
|
$559.09 Million |
|
Longhorn Auto Co. Ltd. A
SHE:301488
|
$559.38 Million |
|
Rainbow Childrens Medicare Limited
NSE:RAINBOW
|
$559.52 Million |
|
ArriVent BioPharma, Inc. Common Stock
NASDAQ:AVBP
|
$558.63 Million |
|
Atresmedia Corporación de Medios de Comunicación S.A
PINK:ATVDY
|
$558.43 Million |
|
Shenzhen Hirisun Technology Inc
SHE:300277
|
$558.39 Million |
|
COVER Corporation
OTCGREY:COVCF
|
$558.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangan's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,395,059,137 to 4,566,438,106, a change of 171,378,969 (3.9%).
- Net income of 235,731,377 contributed positively to equity growth.
- Dividend payments of 187,090,627 reduced retained earnings.
- Other comprehensive income increased equity by 280,180,329.
- Other factors decreased equity by 157,442,110.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥235.73 Million | +5.16% |
| Dividends Paid | CN¥187.09 Million | -4.1% |
| Other Comprehensive Income | CN¥280.18 Million | +6.14% |
| Other Changes | CN¥-157.44 Million | -3.45% |
| Total Change | CN¥- | 3.90% |
Book Value vs Market Value Analysis
This analysis compares Guangan'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: 1.48x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 30.53x to 1.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CN¥0.18 | CN¥5.43 | x |
| 2002-12-31 | CN¥0.23 | CN¥5.43 | x |
| 2003-12-31 | CN¥0.27 | CN¥5.43 | x |
| 2004-12-31 | CN¥0.79 | CN¥5.43 | x |
| 2005-12-31 | CN¥0.86 | CN¥5.43 | x |
| 2006-12-31 | CN¥0.71 | CN¥5.43 | x |
| 2007-12-31 | CN¥0.69 | CN¥5.43 | x |
| 2008-12-31 | CN¥0.61 | CN¥5.43 | x |
| 2009-12-31 | CN¥0.69 | CN¥5.43 | x |
| 2010-12-31 | CN¥1.32 | CN¥5.43 | x |
| 2011-12-31 | CN¥1.20 | CN¥5.43 | x |
| 2012-12-31 | CN¥1.27 | CN¥5.43 | x |
| 2013-12-31 | CN¥1.68 | CN¥5.43 | x |
| 2014-12-31 | CN¥1.49 | CN¥5.43 | x |
| 2015-12-31 | CN¥1.67 | CN¥5.43 | x |
| 2016-12-31 | CN¥2.89 | CN¥5.43 | x |
| 2017-12-31 | CN¥2.85 | CN¥5.43 | x |
| 2018-12-31 | CN¥3.02 | CN¥5.43 | x |
| 2019-12-31 | CN¥3.10 | CN¥5.43 | x |
| 2020-12-31 | CN¥3.23 | CN¥5.43 | x |
| 2021-12-31 | CN¥3.34 | CN¥5.43 | x |
| 2022-12-31 | CN¥3.43 | CN¥5.43 | x |
| 2023-12-31 | CN¥3.57 | CN¥5.43 | x |
| 2024-12-31 | CN¥3.67 | CN¥5.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangan 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): 5.16%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.33%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 2.49x
- Recent ROE (5.16%) is below the historical average (6.61%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 7.84% | 5.64% | 0.33x | 4.17x | CN¥-1.82 Million |
| 2002 | 11.12% | 9.18% | 0.38x | 3.19x | CN¥1.24 Million |
| 2003 | 15.34% | 11.50% | 0.45x | 2.99x | CN¥6.98 Million |
| 2004 | 6.48% | 10.91% | 0.21x | 2.85x | CN¥-13.19 Million |
| 2005 | 7.43% | 11.59% | 0.24x | 2.64x | CN¥-10.50 Million |
| 2006 | 7.71% | 11.14% | 0.26x | 2.64x | CN¥-10.05 Million |
| 2007 | 4.44% | 3.36% | 0.36x | 3.67x | CN¥-19.40 Million |
| 2008 | 9.48% | 6.41% | 0.42x | 3.55x | CN¥-2.02 Million |
| 2009 | 11.10% | 7.83% | 0.43x | 3.33x | CN¥4.79 Million |
| 2010 | 6.39% | 7.33% | 0.24x | 3.57x | CN¥-31.33 Million |
| 2011 | 6.45% | 6.39% | 0.29x | 3.49x | CN¥-32.73 Million |
| 2012 | 6.75% | 6.01% | 0.30x | 3.70x | CN¥-31.90 Million |
| 2013 | 5.12% | 6.34% | 0.29x | 2.81x | CN¥-75.53 Million |
| 2014 | -8.73% | -8.03% | 0.25x | 4.40x | CN¥-260.82 Million |
| 2015 | 9.96% | 9.14% | 0.26x | 4.13x | CN¥-664.05K |
| 2016 | 6.53% | 11.31% | 0.24x | 2.43x | CN¥-113.70 Million |
| 2017 | 7.93% | 13.45% | 0.27x | 2.18x | CN¥-72.62 Million |
| 2018 | 6.78% | 11.55% | 0.27x | 2.14x | CN¥-119.69 Million |
| 2019 | 6.43% | 11.06% | 0.25x | 2.31x | CN¥-136.01 Million |
| 2020 | 4.75% | 8.32% | 0.26x | 2.23x | CN¥-208.86 Million |
| 2021 | 5.07% | 8.73% | 0.25x | 2.34x | CN¥-202.82 Million |
| 2022 | 3.99% | 6.54% | 0.25x | 2.44x | CN¥-254.11 Million |
| 2023 | 5.16% | 8.02% | 0.26x | 2.46x | CN¥-212.81 Million |
| 2024 | 5.16% | 7.33% | 0.28x | 2.49x | CN¥-220.91 Million |
Industry Comparison
This section compares Guangan's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $2,914,861,497
- Average return on equity (ROE) among peers: 6.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangan (600979) | CN¥4.88 Billion | 7.84% | 1.58x | $558.73 Million |
| Shenzhen Energy Group Co Ltd (000027) | $8.19 Billion | 8.94% | 0.37x | $1.14 Billion |
| Shenzhen Nanshan Power Co Ltd (000037) | $606.17 Million | 19.16% | 0.66x | $463.41 Million |
| Guangzhou Hengyun Enterprises Holding Ltd (000531) | $425.31 Million | 6.99% | 1.07x | $362.93 Million |
| An Hui Wenergy Co Ltd (000543) | $2.32 Billion | 7.87% | 0.16x | $1.11 Billion |
| Jointo Energy Investment Co Ltd Hebei (000600) | $875.38 Million | 4.87% | 2.31x | $810.91 Million |
| Guangdong Shaoneng Group Co Ltd (000601) | $2.77 Billion | 3.03% | 1.64x | $561.99 Million |
| Tianjin Binhai Energy & Development Co Ltd (000695) | $345.13 Million | 0.89% | 2.45x | $262.05 Million |
| Shanxi Zhangze Electric Power Co Ltd (000767) | $1.84 Billion | 11.37% | 1.54x | $768.72 Million |
| Jilin Power Share Co Ltd (000875) | $10.34 Billion | 1.11% | 2.84x | $2.25 Billion |
| Jiangxi Ganneng Co Ltd (000899) | $1.43 Billion | 2.70% | 0.12x | $507.45 Million |