Guangdong Songfa Ceramics Co (603268) - Net Assets
Based on the latest financial reports, Guangdong Songfa Ceramics Co (603268) has net assets worth CN¥11.23 Billion CNY (≈ $1.64 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥49.39 Billion ≈ $7.23 Billion USD) and total liabilities (CN¥38.16 Billion ≈ $5.58 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. Check Guangdong Songfa Ceramics Co asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥11.23 Billion |
| % of Total Assets | 22.73% |
| Annual Growth Rate | 35.17% |
| 5-Year Change | 2839.99% |
| 10-Year Change | 1779.02% |
| Growth Volatility | 191108.85 |
Guangdong Songfa Ceramics Co - Net Assets Trend (2011–2025)
This chart illustrates how Guangdong Songfa Ceramics Co's net assets have evolved over time, based on quarterly financial data. Also explore Guangdong Songfa Ceramics Co assets under control for the complete picture of this company's asset base.
Annual Net Assets for Guangdong Songfa Ceramics Co (2011–2025)
The table below shows the annual net assets of Guangdong Songfa Ceramics Co from 2011 to 2025. For live valuation and market cap data, see Guangdong Songfa Ceramics Co (603268) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥11.23 Billion ≈ $1.64 Billion |
+742051.04% |
| 2024-12-31 | CN¥1.51 Million ≈ $221.40K |
-97.99% |
| 2023-12-31 | CN¥75.21 Million ≈ $11.01 Million |
-64.24% |
| 2022-12-31 | CN¥210.33 Million ≈ $30.78 Million |
-44.93% |
| 2021-12-31 | CN¥381.93 Million ≈ $55.89 Million |
-48.14% |
| 2020-12-31 | CN¥736.39 Million ≈ $107.76 Million |
+2.76% |
| 2019-12-31 | CN¥716.62 Million ≈ $104.86 Million |
+3.74% |
| 2018-12-31 | CN¥690.76 Million ≈ $101.08 Million |
+4.05% |
| 2017-12-31 | CN¥663.88 Million ≈ $97.15 Million |
+11.10% |
| 2016-12-31 | CN¥597.58 Million ≈ $87.44 Million |
+11.57% |
| 2015-12-31 | CN¥535.61 Million ≈ $78.38 Million |
+84.99% |
| 2014-12-31 | CN¥289.53 Million ≈ $42.37 Million |
+15.72% |
| 2013-12-31 | CN¥250.19 Million ≈ $36.61 Million |
+18.43% |
| 2012-12-31 | CN¥211.25 Million ≈ $30.91 Million |
+27.99% |
| 2011-12-31 | CN¥165.06 Million ≈ $24.15 Million |
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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 grown by 5471.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.54 Billion | 26.86% |
| Common Stock | CN¥970.78 Million | 10.27% |
| Other Comprehensive Income | CN¥65.67 Million | 0.69% |
| Other Components | CN¥5.88 Billion | 62.18% |
| Total Equity | CN¥9.45 Billion | 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 |
|---|---|
|
Corpay Inc
NYSE:CPAY
|
$21.24 Billion |
|
CRRC Corp Ltd Class A
SHG:601766
|
$21.25 Billion |
|
Bank of Nanjing Co Ltd
SHG:601009
|
$21.26 Billion |
|
MasTec Inc
NYSE:MTZ
|
$21.27 Billion |
|
Kuehne & Nagel
SW:KNIN
|
$21.22 Billion |
|
Chongqing Sokon Ind Grp Co
SHG:601127
|
$21.21 Billion |
|
Northern Star Resources Limited
F:NS7
|
$21.20 Billion |
|
InterContinental Hotels Group PLC
LSE:IHG
|
$21.20 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 2024 to 2025, total equity changed from 1,512,978 to 9,452,129,000, a change of 9,450,616,022 (624636.7%).
- Net income of 2,654,607,744 contributed positively to equity growth.
- Dividend payments of 315,000,381 reduced retained earnings.
- Other comprehensive income increased equity by 7,172,835.
- Other factors increased equity by 7,103,835,824.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.65 Billion | +28.08% |
| Dividends Paid | CN¥315.00 Million | -3.33% |
| Other Comprehensive Income | CN¥7.17 Million | +0.08% |
| Other Changes | CN¥7.10 Billion | +75.16% |
| Total Change | CN¥- | 624636.71% |
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: 14.18x
- 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 83.59x to 14.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥1.79 | CN¥149.50 | x |
| 2012-12-31 | CN¥2.29 | CN¥149.50 | x |
| 2013-12-31 | CN¥2.71 | CN¥149.50 | x |
| 2014-12-31 | CN¥3.14 | CN¥149.50 | x |
| 2015-12-31 | CN¥4.66 | CN¥149.50 | x |
| 2016-12-31 | CN¥4.55 | CN¥149.50 | x |
| 2017-12-31 | CN¥4.89 | CN¥149.50 | x |
| 2018-12-31 | CN¥4.97 | CN¥149.50 | x |
| 2019-12-31 | CN¥5.19 | CN¥149.50 | x |
| 2020-12-31 | CN¥5.40 | CN¥149.50 | x |
| 2021-12-31 | CN¥2.92 | CN¥149.50 | x |
| 2022-12-31 | CN¥1.55 | CN¥149.50 | x |
| 2023-12-31 | CN¥0.60 | CN¥149.50 | x |
| 2024-12-31 | CN¥0.01 | CN¥149.50 | x |
| 2025-12-31 | CN¥10.54 | CN¥149.50 | 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): 28.08%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.27%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 5.23x
- Recent ROE (28.08%) is above the historical average (-350.18%), indicating improving 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 |
| 2025 | 28.08% | 12.27% | 0.44x | 5.23x | CN¥1.71 Billion |
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: $8,499,597,456
- Average return on equity (ROE) among peers: 7.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Songfa Ceramics Co (603268) | CN¥11.23 Billion | 26.76% | 3.40x | $21.24 Billion |
| Midea Group Co Ltd (000333) | $56.03 Billion | 22.68% | 1.30x | $82.47 Billion |
| Changhong Meiling Co Ltd (000521) | $1.40 Billion | 4.87% | 0.81x | $730.28 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $5.86 Billion | 21.67% | 3.36x | $32.83 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $15.59 Billion | 6.24% | 2.59x | $3.25 Billion |
| Suncha Technology Co Ltd (001211) | $284.49 Million | 14.41% | 1.06x | $439.66 Million |
| Elec-Tech International Co Ltd (002005) | $1.95 Billion | -30.92% | 1.09x | $741.10 Million |
| Zhejiang Supor Co Ltd (002032) | $2.39 Billion | 13.00% | 0.37x | $5.52 Billion |
| Vatti Corp Ltd (002035) | $325.23 Million | 8.29% | 1.55x | $730.59 Million |
| CNlight Co Ltd (002076) | $365.21 Million | 13.83% | 0.22x | $355.44 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $797.95 Million | 5.06% | 1.07x | $364.92 Million |
About 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