Guang Dong Sitong Group Co Ltd
Guang Dong Sitong Group Co.,Ltd engages in the research and development, design, production, and sale of household ceramic products in China. The company offers sanitary ware sets, accessories, shower kits, faucet, urinal, squat toilets, under and above counter basin, art basin, bathroom cabinet, pedestal, bidet, smart toilets, one-piece toilets, and two-piece toilet products, as well as counter,… Read more
Guang Dong Sitong Group Co Ltd (603838) - Net Assets
Latest net assets as of September 2025: CN¥932.69 Million CNY
Based on the latest financial reports, Guang Dong Sitong Group Co Ltd (603838) has net assets worth CN¥932.69 Million 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¥1.01 Billion) and total liabilities (CN¥81.83 Million). 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¥932.69 Million |
| % of Total Assets | 91.93% |
| Annual Growth Rate | 11.42% |
| 5-Year Change | -8.1% |
| 10-Year Change | 55.98% |
| Growth Volatility | 20.81 |
Guang Dong Sitong Group Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Guang Dong Sitong Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Guang Dong Sitong Group Co Ltd (2011–2024)
The table below shows the annual net assets of Guang Dong Sitong Group Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥972.76 Million | -2.26% |
| 2023-12-31 | CN¥995.27 Million | -4.80% |
| 2022-12-31 | CN¥1.05 Billion | -3.58% |
| 2021-12-31 | CN¥1.08 Billion | +2.44% |
| 2020-12-31 | CN¥1.06 Billion | +41.32% |
| 2019-12-31 | CN¥748.98 Million | +3.77% |
| 2018-12-31 | CN¥721.79 Million | +4.26% |
| 2017-12-31 | CN¥692.32 Million | +3.92% |
| 2016-12-31 | CN¥666.18 Million | +6.82% |
| 2015-12-31 | CN¥623.66 Million | +72.59% |
| 2014-12-31 | CN¥361.36 Million | +9.41% |
| 2013-12-31 | CN¥330.27 Million | +16.84% |
| 2012-12-31 | CN¥282.67 Million | +18.60% |
| 2011-12-31 | CN¥238.34 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Guang Dong Sitong Group 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 grown by 444.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥197.87 Million | 20.36% |
| Common Stock | CN¥320.02 Million | 32.93% |
| Other Components | CN¥453.91 Million | 46.71% |
| Total Equity | CN¥971.80 Million | 100.00% |
Guang Dong Sitong Group Co Ltd Competitors by Market Cap
The table below lists competitors of Guang Dong Sitong Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
3onedata Co. Ltd. A
SHG:688618
|
$152.32 Million |
|
Wuhan Golden Laser Co Ltd
SHE:300220
|
$152.34 Million |
|
PENN Entertainment, Inc.
SA:P2EN34
|
$152.42 Million |
|
Esprinet
LSE:0NFS
|
$152.48 Million |
|
De La Rue PLC
PINK:DELRF
|
$152.30 Million |
|
GuangDong GenSho Logistics Co
SHG:603813
|
$152.27 Million |
|
Yg Plus Inc
KO:037270
|
$152.26 Million |
|
LAUNCH TECH CO. H YC-01
F:LAN
|
$152.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guang Dong Sitong Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 995,267,591 to 971,799,208, a change of -23,468,383 (-2.4%).
- Net loss of 23,035,900 reduced equity.
- Other comprehensive income decreased equity by 41,221,201.
- Other factors increased equity by 40,788,718.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-23.04 Million | -2.37% |
| Other Comprehensive Income | CN¥-41.22 Million | -4.24% |
| Other Changes | CN¥40.79 Million | +4.2% |
| Total Change | CN¥- | -2.36% |
Book Value vs Market Value Analysis
This analysis compares Guang Dong Sitong Group 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: 3.12x
- 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 7.10x to 3.12x 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¥1.33 | CN¥9.48 | x |
| 2012-12-31 | CN¥1.39 | CN¥9.48 | x |
| 2013-12-31 | CN¥1.65 | CN¥9.48 | x |
| 2014-12-31 | CN¥1.81 | CN¥9.48 | x |
| 2015-12-31 | CN¥2.74 | CN¥9.48 | x |
| 2016-12-31 | CN¥2.45 | CN¥9.48 | x |
| 2017-12-31 | CN¥2.64 | CN¥9.48 | x |
| 2018-12-31 | CN¥2.69 | CN¥9.48 | x |
| 2019-12-31 | CN¥2.81 | CN¥9.48 | x |
| 2020-12-31 | CN¥3.61 | CN¥9.48 | x |
| 2021-12-31 | CN¥3.39 | CN¥9.48 | x |
| 2022-12-31 | CN¥3.27 | CN¥9.48 | x |
| 2023-12-31 | CN¥3.11 | CN¥9.48 | x |
| 2024-12-31 | CN¥3.04 | CN¥9.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guang Dong Sitong Group 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): -2.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.08%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.08x
- Recent ROE (-2.37%) is below the historical average (6.87%), 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 | 22.48% | 12.16% | 1.43x | 1.29x | CN¥29.38 Million |
| 2012 | 15.84% | 9.94% | 1.10x | 1.45x | CN¥16.35 Million |
| 2013 | 14.55% | 10.42% | 1.09x | 1.28x | CN¥14.90 Million |
| 2014 | 13.78% | 10.49% | 1.05x | 1.25x | CN¥13.67 Million |
| 2015 | 8.77% | 11.76% | 0.64x | 1.17x | CN¥-7.67 Million |
| 2016 | 8.98% | 14.23% | 0.54x | 1.17x | CN¥-6.80 Million |
| 2017 | 6.06% | 9.92% | 0.53x | 1.15x | CN¥-27.15 Million |
| 2018 | 5.95% | 9.57% | 0.53x | 1.16x | CN¥-29.09 Million |
| 2019 | 5.82% | 10.76% | 0.45x | 1.21x | CN¥-31.32 Million |
| 2020 | -0.46% | -1.67% | 0.21x | 1.34x | CN¥-110.73 Million |
| 2021 | 2.97% | 8.53% | 0.32x | 1.07x | CN¥-76.20 Million |
| 2022 | -2.49% | -10.99% | 0.21x | 1.07x | CN¥-130.60 Million |
| 2023 | -3.75% | -20.11% | 0.18x | 1.06x | CN¥-136.89 Million |
| 2024 | -2.37% | -8.08% | 0.27x | 1.08x | CN¥-120.22 Million |
Industry Comparison
This section compares Guang Dong Sitong Group Co Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $21,724,256,275
- Average return on equity (ROE) among peers: 12.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guang Dong Sitong Group Co Ltd (603838) | CN¥932.69 Million | 22.48% | 0.09x | $152.31 Million |
| Midea Group Co Ltd (000333) | $174.30 Billion | 19.35% | 1.79x | $52.26 Billion |
| Gree Electric Appliances Inc of Zhuhai (000651) | $18.38 Billion | 28.50% | 3.64x | $20.32 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $4.47 Billion | 12.97% | 2.19x | $1.73 Billion |
| Suncha Technology Co Ltd (001211) | $871.29 Million | 3.26% | 1.13x | $140.14 Million |
| Beijing Liven Technology Co. Ltd. (001259) | $147.07 Million | 8.03% | 1.46x | $103.19 Million |
| De Rucci Healthy Sleep Co. Ltd. (001323) | $4.36 Billion | 16.25% | 0.33x | $252.27 Million |
| Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) | $1.41 Billion | 7.18% | 0.18x | $107.70 Million |
| Hefei Snowky Elec Co Ltd (001387) | $243.27 Million | 1.71% | 3.79x | $137.43 Million |
| Elec-Tech International Co Ltd (002005) | $5.99 Billion | 0.33% | 1.24x | $402.60 Million |
| Zhejiang Supor Co Ltd (002032) | $7.07 Billion | 29.23% | 0.83x | $795.41 Million |