Guangdong Songfa Ceramics Co
Guangdong Songfa Ceramics Co.,Ltd. produces and sells ceramic products in China and internationally. The company offers tableware in various styles, including garden flowers, ocean's songs, starry sky, and minimalism; kitchenware in various types, such as modern bakeware, vichy check pattern, dopamine colors, and slate series. It also provides coffee and tea ware in checkboard, french romance, bu… Read more
Guangdong Songfa Ceramics Co (603268) - Net Assets
Latest net assets as of September 2025: CN¥8.07 Billion CNY
Based on the latest financial reports, Guangdong Songfa Ceramics Co (603268) has net assets worth CN¥8.07 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¥43.42 Billion) and total liabilities (CN¥35.35 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¥8.07 Billion |
| % of Total Assets | 18.58% |
| Annual Growth Rate | -30.29% |
| 5-Year Change | -99.79% |
| 10-Year Change | -99.72% |
| Growth Volatility | 45.17 |
Guangdong Songfa Ceramics Co - Net Assets Trend (2011–2024)
This chart illustrates how Guangdong Songfa Ceramics Co'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 Songfa Ceramics Co (2011–2024)
The table below shows the annual net assets of Guangdong Songfa Ceramics Co from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.51 Million | -97.99% |
| 2023-12-31 | CN¥75.21 Million | -64.24% |
| 2022-12-31 | CN¥210.33 Million | -44.93% |
| 2021-12-31 | CN¥381.93 Million | -48.14% |
| 2020-12-31 | CN¥736.39 Million | +2.76% |
| 2019-12-31 | CN¥716.62 Million | +3.74% |
| 2018-12-31 | CN¥690.76 Million | +4.05% |
| 2017-12-31 | CN¥663.88 Million | +11.10% |
| 2016-12-31 | CN¥597.58 Million | +11.57% |
| 2015-12-31 | CN¥535.61 Million | +84.99% |
| 2014-12-31 | CN¥289.53 Million | +15.72% |
| 2013-12-31 | CN¥250.19 Million | +18.43% |
| 2012-12-31 | CN¥211.25 Million | +27.99% |
| 2011-12-31 | CN¥165.06 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Guangdong Songfa Ceramics Co'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 947.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥124.17 Million | 8206.91% |
| Other Comprehensive Income | CN¥58.49 Million | 3866.03% |
| Other Components | CN¥205.17 Million | 13560.47% |
| Total Equity | CN¥1.51 Million | 100.00% |
Guangdong Songfa Ceramics Co Competitors by Market Cap
The table below lists competitors of Guangdong Songfa Ceramics Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guardant Health Inc
NASDAQ:GH
|
$11.02 Billion |
|
CVC Capital Partners PLC
AS:CVC
|
$11.03 Billion |
|
ABN AMRO Bank N.V
PINK:AAVMY
|
$11.03 Billion |
|
Postal Savings Bank of China Co. Ltd
PINK:PSBKF
|
$11.06 Billion |
|
BCEIF
PINK:BCEIF
|
$11.01 Billion |
|
The New York Times Company
F:NYT
|
$11.01 Billion |
|
Ryanair Holdings PLC
PINK:RYAOF
|
$11.01 Billion |
|
Segro Plc
PINK:SEGXF
|
$11.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Songfa Ceramics Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 75,209,218 to 1,512,978, a change of -73,696,240 (-98.0%).
- Net loss of 76,642,426 reduced equity.
- Dividend payments of 6,864,420 reduced retained earnings.
- Other comprehensive income increased equity by 58,492,165.
- Other factors decreased equity by 48,681,559.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-76.64 Million | -5065.67% |
| Dividends Paid | CN¥6.86 Million | -453.7% |
| Other Comprehensive Income | CN¥58.49 Million | +3866.03% |
| Other Changes | CN¥-48.68 Million | -3217.6% |
| Total Change | CN¥- | -97.99% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Songfa Ceramics Co'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: 10215.97x
- 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 increased from 69.60x to 10215.97x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥1.79 | CN¥124.48 | x |
| 2012-12-31 | CN¥2.29 | CN¥124.48 | x |
| 2013-12-31 | CN¥2.71 | CN¥124.48 | x |
| 2014-12-31 | CN¥3.14 | CN¥124.48 | x |
| 2015-12-31 | CN¥4.66 | CN¥124.48 | x |
| 2016-12-31 | CN¥4.55 | CN¥124.48 | x |
| 2017-12-31 | CN¥4.89 | CN¥124.48 | x |
| 2018-12-31 | CN¥4.97 | CN¥124.48 | x |
| 2019-12-31 | CN¥5.19 | CN¥124.48 | x |
| 2020-12-31 | CN¥5.40 | CN¥124.48 | x |
| 2021-12-31 | CN¥2.92 | CN¥124.48 | x |
| 2022-12-31 | CN¥1.55 | CN¥124.48 | x |
| 2023-12-31 | CN¥0.60 | CN¥124.48 | x |
| 2024-12-31 | CN¥0.01 | CN¥124.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Songfa Ceramics Co 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): -5065.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -27.89%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 377.92x
- Recent ROE (-5065.67%) is below the historical average (-377.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 26.76% | 15.65% | 1.14x | 1.49x | CN¥27.66 Million |
| 2012 | 21.87% | 15.16% | 0.95x | 1.52x | CN¥25.07 Million |
| 2013 | 17.15% | 14.71% | 0.76x | 1.54x | CN¥17.90 Million |
| 2014 | 16.81% | 15.86% | 0.81x | 1.30x | CN¥19.72 Million |
| 2015 | 6.89% | 12.68% | 0.45x | 1.20x | CN¥-16.64 Million |
| 2016 | 6.91% | 11.13% | 0.40x | 1.54x | CN¥-17.50 Million |
| 2017 | 7.57% | 8.05% | 0.46x | 2.03x | CN¥-14.71 Million |
| 2018 | 6.04% | 6.37% | 0.47x | 2.02x | CN¥-24.69 Million |
| 2019 | 4.41% | 4.89% | 0.48x | 1.89x | CN¥-36.07 Million |
| 2020 | 0.24% | 0.36% | 0.40x | 1.68x | CN¥-65.40 Million |
| 2021 | -85.33% | -76.70% | 0.48x | 2.30x | CN¥-345.28 Million |
| 2022 | -88.86% | -62.98% | 0.42x | 3.39x | CN¥-189.76 Million |
| 2023 | -155.56% | -56.77% | 0.36x | 7.52x | CN¥-124.52 Million |
| 2024 | -5065.67% | -27.89% | 0.48x | 377.92x | CN¥-76.79 Million |
Industry Comparison
This section compares Guangdong Songfa Ceramics Co's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $16,047,560,703
- Average return on equity (ROE) among peers: 7.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Songfa Ceramics Co (603268) | CN¥8.07 Billion | 26.76% | 4.38x | $11.01 Billion |
| Midea Group Co Ltd (000333) | $5.86 Billion | 10.95% | 2.31x | $52.57 Billion |
| Changhong Meiling Co Ltd (000521) | $879.37 Million | 0.76% | 1.77x | $618.94 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $141.51 Billion | 22.74% | 1.60x | $20.36 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $2.63 Billion | -56.14% | 1.48x | $1.73 Billion |
| Suncha Technology Co Ltd (001211) | $874.84 Million | -1.36% | 0.86x | $142.44 Million |
| Beijing Liven Technology Co. Ltd. (001259) | $740.61 Million | 6.94% | 0.20x | $105.83 Million |
| De Rucci Healthy Sleep Co. Ltd. (001323) | $4.52 Billion | 16.98% | 0.70x | $253.95 Million |
| Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) | $573.09 Million | 22.92% | 0.44x | $109.60 Million |
| Hefei Snowky Elec Co Ltd (001387) | $160.84 Million | 36.65% | 6.60x | $140.22 Million |
| Elec-Tech International Co Ltd (002005) | $2.73 Billion | 14.39% | 1.48x | $401.22 Million |