Guangan (600979) - Net Assets

Latest as of March 2026: CN¥4.44 Billion CNY ≈ $650.42 Million USD

Based on the latest financial reports, Guangan (600979) has net assets worth CN¥4.44 Billion CNY (≈ $650.42 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¥13.31 Billion ≈ $1.95 Billion USD) and total liabilities (CN¥8.87 Billion ≈ $1.30 Billion 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. Also explore total assets of Guangan for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥4.44 Billion
% of Total Assets 33.38%
Annual Growth Rate 16.99%
5-Year Change 1.44%
10-Year Change 27.96%
Growth Volatility 41.84

Guangan - Net Assets Trend (2001–2025)

This chart illustrates how Guangan's net assets have evolved over time, based on quarterly financial data. Check Guangan (600979) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Guangan (2001–2025)

The table below shows the annual net assets of Guangan from 2001 to 2025. For live valuation and market cap data, see Guangan (600979) market capitalisation.

Year Net Assets Change
2025-12-31 CN¥4.41 Billion
≈ $645.63 Million		 -7.64%
2024-12-31 CN¥4.78 Billion
≈ $699.02 Million		 +3.70%
2023-12-31 CN¥4.61 Billion
≈ $674.05 Million		 +3.55%
2022-12-31 CN¥4.45 Billion
≈ $650.93 Million		 +2.27%
2021-12-31 CN¥4.35 Billion
≈ $636.47 Million		 +3.04%
2020-12-31 CN¥4.22 Billion
≈ $617.70 Million		 +3.76%
2019-12-31 CN¥4.07 Billion
≈ $595.34 Million		 +4.93%
2018-12-31 CN¥3.88 Billion
≈ $567.35 Million		 +5.40%
2017-12-31 CN¥3.68 Billion
≈ $538.27 Million		 +6.68%
2016-12-31 CN¥3.45 Billion
≈ $504.57 Million		 +74.82%
2015-12-31 CN¥1.97 Billion
≈ $288.62 Million		 +1.86%
2014-12-31 CN¥1.94 Billion
≈ $283.36 Million		 +7.28%
2013-12-31 CN¥1.80 Billion
≈ $264.12 Million		 +44.75%
2012-12-31 CN¥1.25 Billion
≈ $182.47 Million		 +4.32%
2011-12-31 CN¥1.20 Billion
≈ $174.92 Million		 +3.84%
2010-12-31 CN¥1.15 Billion
≈ $168.45 Million		 +132.84%
2009-12-31 CN¥494.40 Million
≈ $72.35 Million		 +10.67%
2008-12-31 CN¥446.75 Million
≈ $65.37 Million		 +12.71%
2007-12-31 CN¥396.36 Million
≈ $58.00 Million		 -18.21%
2006-12-31 CN¥484.58 Million
≈ $70.91 Million		 +1.92%
2005-12-31 CN¥475.45 Million
≈ $69.57 Million		 +19.09%
2004-12-31 CN¥399.25 Million
≈ $58.42 Million		 +161.42%
2003-12-31 CN¥152.72 Million
≈ $22.35 Million		 +17.68%
2002-12-31 CN¥129.78 Million
≈ $18.99 Million		 +27.05%
2001-12-31 CN¥102.15 Million
≈ $14.95 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 1276820.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CN¥1.14 Billion 27.68%
Other Components CN¥2.98 Billion 72.32%
Total Equity CN¥4.12 Billion 100.00%

Guangan Competitors by Market Cap

The table below lists competitors of Guangan ranked by their market capitalization.

Company Market Cap
MAS Real Estate Inc
JSE:MSP
 $749.59 Million
Vercom SA
WAR:VRC
 $749.62 Million
Independent Bank Corporation
NASDAQ:IBCP
 $749.67 Million
Astra Agro Lestari Tbk
JK:AALI
 $749.98 Million
Dometic Group AB (publ)
ST:DOM
 $749.56 Million
Changzhou Tronly New Electronic Materials Co Ltd
SHE:300429
 $749.47 Million
Verusa Holding AS
IS:VERUS
 $749.42 Million
Wuxi Huadong Heavy Machinery Co Ltd
SHE:002685
 $749.08 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 2024 to 2025, total equity changed from 4,566,438,106 to 4,121,352,583, a change of -445,085,523 (-9.7%).
  • Net loss of 365,431,547 reduced equity.
  • Dividend payments of 178,108,102 reduced retained earnings.
  • Other comprehensive income decreased equity by 287,912,215.
  • Other factors increased equity by 386,366,341.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CN¥-365.43 Million -8.87%
Dividends Paid CN¥178.11 Million -4.32%
Other Comprehensive Income CN¥-287.91 Million -6.99%
Other Changes CN¥386.37 Million +9.37%
Total Change CN¥- -9.75%

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: 1.24x
  • 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 22.83x to 1.24x 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¥4.06 x
2002-12-31 CN¥0.23 CN¥4.06 x
2003-12-31 CN¥0.27 CN¥4.06 x
2004-12-31 CN¥0.79 CN¥4.06 x
2005-12-31 CN¥0.86 CN¥4.06 x
2006-12-31 CN¥0.71 CN¥4.06 x
2007-12-31 CN¥0.69 CN¥4.06 x
2008-12-31 CN¥0.61 CN¥4.06 x
2009-12-31 CN¥0.69 CN¥4.06 x
2010-12-31 CN¥1.32 CN¥4.06 x
2011-12-31 CN¥1.20 CN¥4.06 x
2012-12-31 CN¥1.27 CN¥4.06 x
2013-12-31 CN¥1.68 CN¥4.06 x
2014-12-31 CN¥1.49 CN¥4.06 x
2015-12-31 CN¥1.67 CN¥4.06 x
2016-12-31 CN¥2.89 CN¥4.06 x
2017-12-31 CN¥2.85 CN¥4.06 x
2018-12-31 CN¥3.02 CN¥4.06 x
2019-12-31 CN¥3.10 CN¥4.06 x
2020-12-31 CN¥3.23 CN¥4.06 x
2021-12-31 CN¥3.34 CN¥4.06 x
2022-12-31 CN¥3.43 CN¥4.06 x
2023-12-31 CN¥3.57 CN¥4.06 x
2024-12-31 CN¥3.67 CN¥4.06 x
2025-12-31 CN¥3.27 CN¥4.06 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): -8.87%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -12.06%
  • • Asset Turnover: 0.24x
  • • Equity Multiplier: 3.12x
  • Recent ROE (-8.87%) is below the historical average (6.00%), 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 6.90% 11.83% 0.27x 2.14x CN¥-115.01 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
2025 -8.87% -12.06% 0.24x 3.12x CN¥-777.57 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: $9,003,467,626
  • Average return on equity (ROE) among peers: 5.23%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Guangan (600979) CN¥4.44 Billion 7.84% 2.00x $749.56 Million
Shenzhen Energy Group Co Ltd (000027) $24.72 Billion 3.03% 2.12x $4.57 Billion
Shenzhen Nanshan Power Co Ltd (000037) $540.02 Million 8.97% 0.77x $494.44 Million
Guangzhou Hengyun Enterprises Holding Ltd (000531) $4.22 Billion 4.37% 1.18x $921.96 Million
An Hui Wenergy Co Ltd (000543) $20.38 Billion 7.01% 1.97x $2.68 Billion
Jointo Energy Investment Co Ltd Hebei (000600) $5.18 Billion 16.53% 2.47x $2.45 Billion
Guangdong Shaoneng Group Co Ltd (000601) $4.61 Billion -5.77% 1.83x $1.08 Billion
Tianjin Binhai Energy & Development Co Ltd (000695) $338.83 Million 1.45% 2.74x $445.95 Million
Shanxi Zhangze Electric Power Co Ltd (000767) $486.29 Million 8.21% 2.02x $1.81 Billion
Jilin Power Share Co Ltd (000875) $24.90 Billion 4.41% 2.33x $2.82 Billion
Jiangxi Ganneng Co Ltd (000899) $4.66 Billion 4.05% 0.63x $1.60 Billion

About Guangan

SHG:600979 China Utilities - Regulated Electric
Market Cap
$749.56 Million
CN¥5.12 Billion CNY
Market Cap Rank
#10026 Global
#2548 in China
Share Price
CN¥4.06
Change (1 day)
+0.25%
52-Week Range
CN¥3.68 - CN¥5.85
All Time High
CN¥7.70
Categories
Companies in China Utilities - Regulated Electric
About

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