Guang Dong Sitong Group Co Ltd (603838) - Net Assets
Based on the latest financial reports, Guang Dong Sitong Group Co Ltd (603838) has net assets worth CN¥932.69 Million CNY (≈ $136.48 Million USD) 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 ≈ $148.46 Million USD) and total liabilities (CN¥81.83 Million ≈ $11.97 Million 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 603838 financial resilience to evaluate the company's liquid asset resilience ratio.
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. Also explore 603838 asset base for the complete picture of this company's asset base.
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. For live valuation and market cap data, see 603838 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥972.76 Million ≈ $142.34 Million |
-2.26% |
| 2023-12-31 | CN¥995.27 Million ≈ $145.64 Million |
-4.80% |
| 2022-12-31 | CN¥1.05 Billion ≈ $152.98 Million |
-3.58% |
| 2021-12-31 | CN¥1.08 Billion ≈ $158.67 Million |
+2.44% |
| 2020-12-31 | CN¥1.06 Billion ≈ $154.89 Million |
+41.32% |
| 2019-12-31 | CN¥748.98 Million ≈ $109.60 Million |
+3.77% |
| 2018-12-31 | CN¥721.79 Million ≈ $105.62 Million |
+4.26% |
| 2017-12-31 | CN¥692.32 Million ≈ $101.31 Million |
+3.92% |
| 2016-12-31 | CN¥666.18 Million ≈ $97.48 Million |
+6.82% |
| 2015-12-31 | CN¥623.66 Million ≈ $91.26 Million |
+72.59% |
| 2014-12-31 | CN¥361.36 Million ≈ $52.88 Million |
+9.41% |
| 2013-12-31 | CN¥330.27 Million ≈ $48.33 Million |
+16.84% |
| 2012-12-31 | CN¥282.67 Million ≈ $41.36 Million |
+18.60% |
| 2011-12-31 | CN¥238.34 Million ≈ $34.88 Million |
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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 |
|---|---|
|
Valhi Inc
NYSE:VHI
|
$416.33 Million |
|
Guangdong Anjubao Digital Tech
SHE:300155
|
$416.38 Million |
|
Beijing Telesound Electronics Co Ltd
SHE:003004
|
$416.39 Million |
|
Shanghai Ace Invest&Dvlp Co
SHG:603329
|
$416.40 Million |
|
Jiangsu Tianmu Lake Tourism Co Ltd
SHG:603136
|
$416.23 Million |
|
Guangdong Jushen Logistics Co Ltd
SHE:001202
|
$416.13 Million |
|
Chongqing YuXin Pingrui Electronic Co. Ltd.
SHE:301107
|
$416.04 Million |
|
Wuhan Sante Cableway Group Co Ltd
SHE:002159
|
$415.89 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: 2.93x
- 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 6.66x to 2.93x 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¥8.89 | x |
| 2012-12-31 | CN¥1.39 | CN¥8.89 | x |
| 2013-12-31 | CN¥1.65 | CN¥8.89 | x |
| 2014-12-31 | CN¥1.81 | CN¥8.89 | x |
| 2015-12-31 | CN¥2.74 | CN¥8.89 | x |
| 2016-12-31 | CN¥2.45 | CN¥8.89 | x |
| 2017-12-31 | CN¥2.64 | CN¥8.89 | x |
| 2018-12-31 | CN¥2.69 | CN¥8.89 | x |
| 2019-12-31 | CN¥2.81 | CN¥8.89 | x |
| 2020-12-31 | CN¥3.61 | CN¥8.89 | x |
| 2021-12-31 | CN¥3.39 | CN¥8.89 | x |
| 2022-12-31 | CN¥3.27 | CN¥8.89 | x |
| 2023-12-31 | CN¥3.11 | CN¥8.89 | x |
| 2024-12-31 | CN¥3.04 | CN¥8.89 | 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: $17,549,251,672
- Average return on equity (ROE) among peers: 11.21%
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 | $416.30 Million |
| Midea Group Co Ltd (000333) | $134.83 Billion | 21.19% | 1.88x | $81.80 Billion |
| Changhong Meiling Co Ltd (000521) | $6.19 Billion | 11.96% | 2.13x | $734.15 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $7.73 Billion | 25.45% | 2.99x | $32.75 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $12.48 Billion | 14.37% | 1.72x | $3.28 Billion |
| Suncha Technology Co Ltd (001211) | $477.06 Million | 18.82% | 0.71x | $452.94 Million |
| Elec-Tech International Co Ltd (002005) | $6.45 Billion | -15.06% | 1.16x | $738.53 Million |
| Zhejiang Supor Co Ltd (002032) | $5.01 Billion | 17.75% | 0.48x | $5.54 Billion |
| Vatti Corp Ltd (002035) | $1.27 Billion | 17.60% | 0.86x | $736.79 Million |
| CNlight Co Ltd (002076) | $259.28 Million | -5.05% | 1.04x | $355.44 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $797.95 Million | 5.06% | 1.07x | $363.03 Million |
About 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