GuangZhou BaiYun Elec Equip Co (603861) - Net Assets
Based on the latest financial reports, GuangZhou BaiYun Elec Equip Co (603861) has net assets worth CN¥4.20 Billion CNY (≈ $614.31 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¥10.66 Billion ≈ $1.56 Billion USD) and total liabilities (CN¥6.46 Billion ≈ $945.13 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. Also explore GuangZhou BaiYun Elec Equip Co asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.20 Billion |
| % of Total Assets | 39.39% |
| Annual Growth Rate | 13.72% |
| 5-Year Change | 28.16% |
| 10-Year Change | 171.58% |
| Growth Volatility | 14.78 |
GuangZhou BaiYun Elec Equip Co - Net Assets Trend (2008–2024)
This chart illustrates how GuangZhou BaiYun Elec Equip Co's net assets have evolved over time, based on quarterly financial data. Check 603861 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for GuangZhou BaiYun Elec Equip Co (2008–2024)
The table below shows the annual net assets of GuangZhou BaiYun Elec Equip Co from 2008 to 2024. For live valuation and market cap data, see market value of GuangZhou BaiYun Elec Equip Co.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.70 Billion ≈ $540.85 Million |
+19.12% |
| 2023-12-31 | CN¥3.10 Billion ≈ $454.03 Million |
+3.09% |
| 2022-12-31 | CN¥3.01 Billion ≈ $440.43 Million |
+0.56% |
| 2021-12-31 | CN¥2.99 Billion ≈ $437.97 Million |
+3.78% |
| 2020-12-31 | CN¥2.88 Billion ≈ $422.03 Million |
+3.40% |
| 2019-12-31 | CN¥2.79 Billion ≈ $408.15 Million |
+9.18% |
| 2018-12-31 | CN¥2.55 Billion ≈ $373.82 Million |
+23.48% |
| 2017-12-31 | CN¥2.07 Billion ≈ $302.74 Million |
+8.88% |
| 2016-12-31 | CN¥1.90 Billion ≈ $278.05 Million |
+39.62% |
| 2015-12-31 | CN¥1.36 Billion ≈ $199.15 Million |
+11.31% |
| 2014-12-31 | CN¥1.22 Billion ≈ $178.91 Million |
+8.99% |
| 2013-12-31 | CN¥1.12 Billion ≈ $164.15 Million |
+9.63% |
| 2012-12-31 | CN¥1.02 Billion ≈ $149.73 Million |
+11.26% |
| 2011-12-31 | CN¥919.70 Million ≈ $134.58 Million |
+11.25% |
| 2010-12-31 | CN¥826.68 Million ≈ $120.97 Million |
+59.59% |
| 2009-12-31 | CN¥518.00 Million ≈ $75.80 Million |
+9.70% |
| 2008-12-31 | CN¥472.22 Million ≈ $69.10 Million |
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Equity Component Analysis
This analysis shows how different components contribute to GuangZhou BaiYun Elec Equip 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 668.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.82 Billion | 52.21% |
| Common Stock | CN¥492.56 Million | 14.10% |
| Other Comprehensive Income | CN¥339.98 Million | 9.73% |
| Other Components | CN¥836.52 Million | 23.95% |
| Total Equity | CN¥3.49 Billion | 100.00% |
GuangZhou BaiYun Elec Equip Co Competitors by Market Cap
The table below lists competitors of GuangZhou BaiYun Elec Equip Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mirle Automation Corp
TW:2464
|
$958.93 Million |
|
TRANSFORMERS AND RECTIFIERS INDIA
NSE:TARIL
|
$959.25 Million |
|
EcoRodovias Infraestrutura e Logística S.A
SA:ECOR3
|
$959.55 Million |
|
Anhui Xinlong Electrical Co Ltd
SHE:002298
|
$959.55 Million |
|
Nanjing Panda Electronics Co Ltd
SHG:600775
|
$958.53 Million |
|
Berliner Effektengesellschaft AG
F:BFV
|
$958.18 Million |
|
Juewei Food Co Ltd
SHG:603517
|
$957.71 Million |
|
Swedish Logistic Property AB Series B
ST:SLP-B
|
$957.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GuangZhou BaiYun Elec Equip Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,887,433,888 to 3,492,570,591, a change of 605,136,703 (21.0%).
- Net income of 196,304,702 contributed positively to equity growth.
- Dividend payments of 91,040,391 reduced retained earnings.
- Share repurchases of 20,120,589 reduced equity.
- Other comprehensive income decreased equity by 38,147,917.
- Other factors increased equity by 558,140,898.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥196.30 Million | +5.62% |
| Dividends Paid | CN¥91.04 Million | -2.61% |
| Share Repurchases | CN¥20.12 Million | -0.58% |
| Other Comprehensive Income | CN¥-38.15 Million | -1.09% |
| Other Changes | CN¥558.14 Million | +15.98% |
| Total Change | CN¥- | 20.96% |
Book Value vs Market Value Analysis
This analysis compares GuangZhou BaiYun Elec Equip 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: 1.51x
- 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 4.84x to 1.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥2.51 | CN¥12.12 | x |
| 2009-12-31 | CN¥2.75 | CN¥12.12 | x |
| 2010-12-31 | CN¥4.30 | CN¥12.12 | x |
| 2011-12-31 | CN¥4.36 | CN¥12.12 | x |
| 2012-12-31 | CN¥2.84 | CN¥12.12 | x |
| 2013-12-31 | CN¥3.12 | CN¥12.12 | x |
| 2014-12-31 | CN¥3.40 | CN¥12.12 | x |
| 2015-12-31 | CN¥3.78 | CN¥12.12 | x |
| 2016-12-31 | CN¥4.79 | CN¥12.12 | x |
| 2017-12-31 | CN¥4.55 | CN¥12.12 | x |
| 2018-12-31 | CN¥5.25 | CN¥12.12 | x |
| 2019-12-31 | CN¥5.79 | CN¥12.12 | x |
| 2020-12-31 | CN¥5.97 | CN¥12.12 | x |
| 2021-12-31 | CN¥6.35 | CN¥12.12 | x |
| 2022-12-31 | CN¥6.39 | CN¥12.12 | x |
| 2023-12-31 | CN¥6.58 | CN¥12.12 | x |
| 2024-12-31 | CN¥8.01 | CN¥12.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GuangZhou BaiYun Elec Equip 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): 5.62%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.94%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 2.87x
- Recent ROE (5.62%) is below the historical average (8.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 3.72% | 2.48% | 0.61x | 2.45x | CN¥-29.67 Million |
| 2009 | 18.49% | 13.39% | 0.63x | 2.21x | CN¥43.98 Million |
| 2010 | 15.02% | 14.33% | 0.65x | 1.62x | CN¥41.48 Million |
| 2011 | 14.70% | 14.37% | 0.64x | 1.60x | CN¥43.19 Million |
| 2012 | 13.52% | 13.61% | 0.61x | 1.64x | CN¥36.00 Million |
| 2013 | 11.88% | 12.53% | 0.53x | 1.78x | CN¥21.11 Million |
| 2014 | 10.99% | 12.00% | 0.50x | 1.81x | CN¥12.08 Million |
| 2015 | 12.65% | 13.62% | 0.56x | 1.64x | CN¥36.07 Million |
| 2016 | 8.50% | 11.84% | 0.49x | 1.46x | CN¥-28.51 Million |
| 2017 | 7.69% | 10.24% | 0.44x | 1.70x | CN¥-46.47 Million |
| 2018 | 7.30% | 6.59% | 0.49x | 2.24x | CN¥-62.69 Million |
| 2019 | 6.21% | 5.57% | 0.42x | 2.65x | CN¥-97.09 Million |
| 2020 | 3.57% | 3.11% | 0.42x | 2.75x | CN¥-169.90 Million |
| 2021 | 1.61% | 1.26% | 0.43x | 2.95x | CN¥-230.98 Million |
| 2022 | 0.89% | 0.72% | 0.41x | 3.05x | CN¥-253.99 Million |
| 2023 | 3.80% | 2.53% | 0.48x | 3.09x | CN¥-179.11 Million |
| 2024 | 5.62% | 3.94% | 0.50x | 2.87x | CN¥-152.95 Million |
Industry Comparison
This section compares GuangZhou BaiYun Elec Equip Co's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,309,839,773
- Average return on equity (ROE) among peers: 1.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GuangZhou BaiYun Elec Equip Co (603861) | CN¥4.20 Billion | 3.72% | 1.54x | $958.65 Million |
| Huayi Compressor Co Ltd (000404) | $889.33 Million | 2.15% | 3.04x | $802.55 Million |
| Shenyang Machine Tool Co Ltd (000410) | $1.39 Billion | 1.53% | 5.73x | $1.94 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $364.47 Million | 2.71% | 0.41x | $2.92 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $3.19 Billion | 3.46% | 1.39x | $442.01 Million |
| Changchai Co Ltd (000570) | $293.98 Million | 13.18% | 1.15x | $410.64 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $1.88 Billion | 6.73% | 0.86x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $559.29 Million | -28.99% | 0.99x | $993.06 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $1.54 Billion | 6.78% | 0.60x | $1.03 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.36 Billion | 2.28% | 1.62x | $658.99 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $637.23 Million | 7.17% | 0.71x | $1.47 Billion |
About GuangZhou BaiYun Elec Equip Co
Guangzhou Baiyun Electric Equipment Co., Ltd. engages in the research, development, manufacturing, sale, and service of capacitors, transformers, switchgear, frequency converters, automatic control, intelligent components, and other products in China. The company offers high voltage GIS, medium voltage C-GIS, medium voltage metal enclosed switchgear, ring main unit, DC traction switchgear, low vo… Read more