Zhangjiagang Guangda Special Material Co Ltd (688186) - Net Assets
Based on the latest financial reports, Zhangjiagang Guangda Special Material Co Ltd (688186) has net assets worth CN¥5.14 Billion CNY (≈ $751.79 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥12.52 Billion ≈ $1.83 Billion USD) and total liabilities (CN¥7.38 Billion ≈ $1.08 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 688186 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.14 Billion |
| % of Total Assets | 41.03% |
| Annual Growth Rate | 35.7% |
| 5-Year Change | 47.99% |
| 10-Year Change | N/A |
| Growth Volatility | 34.28 |
Zhangjiagang Guangda Special Material Co Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Zhangjiagang Guangda Special Material Co Ltd's net assets have evolved over time, based on quarterly financial data. See 688186 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Zhangjiagang Guangda Special Material Co Ltd (2016–2025)
The table below shows the annual net assets of Zhangjiagang Guangda Special Material Co Ltd from 2016 to 2025. For live valuation and market cap data, see market cap of Zhangjiagang Guangda Special Material Co.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥5.11 Billion ≈ $748.24 Million |
+27.95% |
| 2024-12-31 | CN¥4.00 Billion ≈ $584.81 Million |
+2.79% |
| 2023-12-31 | CN¥3.89 Billion ≈ $568.91 Million |
+3.17% |
| 2022-12-31 | CN¥3.77 Billion ≈ $551.42 Million |
+9.06% |
| 2021-12-31 | CN¥3.46 Billion ≈ $505.61 Million |
+97.68% |
| 2020-12-31 | CN¥1.75 Billion ≈ $255.77 Million |
+71.85% |
| 2019-12-31 | CN¥1.02 Billion ≈ $148.84 Million |
+11.67% |
| 2018-12-31 | CN¥910.83 Million ≈ $133.28 Million |
+75.23% |
| 2017-12-31 | CN¥519.79 Million ≈ $76.06 Million |
+58.60% |
| 2016-12-31 | CN¥327.75 Million ≈ $47.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhangjiagang Guangda Special Material 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 428.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥699.31 Million | 14.82% |
| Other Components | CN¥4.02 Billion | 85.18% |
| Total Equity | CN¥4.72 Billion | 100.00% |
Zhangjiagang Guangda Special Material Co Ltd Competitors by Market Cap
The table below lists competitors of Zhangjiagang Guangda Special Material Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Daily Journal Corp
NASDAQ:DJCO
|
$677.70 Million |
|
Solstad Offsho
OL:SOFF
|
$677.70 Million |
|
Shenzhen Aoto Electronics Co Ltd
SHE:002587
|
$677.88 Million |
|
Cicor Technologies Ltd
SW:CICN
|
$678.17 Million |
|
SLR Investment Corp
NASDAQ:SLRC
|
$677.57 Million |
|
Tangrenshen Group Co Ltd
SHE:002567
|
$677.33 Million |
|
BlackRock Utility & Infrastructure Trust
NYSE:BUI
|
$677.31 Million |
|
AIC Inc
TWO:3693
|
$677.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhangjiagang Guangda Special Material Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,627,380,911 to 4,719,642,958, a change of 1,092,262,047 (30.1%).
- Net income of 205,890,393 contributed positively to equity growth.
- Dividend payments of 217,920,768 reduced retained earnings.
- Other factors increased equity by 1,104,292,422.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥205.89 Million | +4.36% |
| Dividends Paid | CN¥217.92 Million | -4.62% |
| Other Changes | CN¥1.10 Billion | +23.4% |
| Total Change | CN¥- | 30.11% |
Book Value vs Market Value Analysis
This analysis compares Zhangjiagang Guangda Special Material 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: 0.98x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.18x to 0.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥5.20 | CN¥16.51 | x |
| 2018-12-31 | CN¥7.41 | CN¥16.51 | x |
| 2019-12-31 | CN¥8.27 | CN¥16.51 | x |
| 2020-12-31 | CN¥10.61 | CN¥16.51 | x |
| 2021-12-31 | CN¥14.59 | CN¥16.51 | x |
| 2022-12-31 | CN¥16.00 | CN¥16.51 | x |
| 2023-12-31 | CN¥16.49 | CN¥16.51 | x |
| 2024-12-31 | CN¥16.93 | CN¥16.51 | x |
| 2025-12-31 | CN¥16.83 | CN¥16.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhangjiagang Guangda Special Material 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): 4.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.19%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 2.64x
- Recent ROE (4.36%) is below the historical average (8.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 14.35% | 5.40% | 0.52x | 5.10x | CN¥14.24 Million |
| 2017 | 16.64% | 7.68% | 0.60x | 3.59x | CN¥34.52 Million |
| 2018 | 14.75% | 8.91% | 0.63x | 2.61x | CN¥43.30 Million |
| 2019 | 13.91% | 8.91% | 0.65x | 2.42x | CN¥39.79 Million |
| 2020 | 9.91% | 9.57% | 0.44x | 2.37x | CN¥-1.63 Million |
| 2021 | 5.63% | 6.43% | 0.37x | 2.40x | CN¥-136.45 Million |
| 2022 | 3.00% | 3.06% | 0.32x | 3.05x | CN¥-239.92 Million |
| 2023 | 3.09% | 2.88% | 0.36x | 3.02x | CN¥-244.05 Million |
| 2024 | 3.16% | 2.86% | 0.35x | 3.16x | CN¥-248.10 Million |
| 2025 | 4.36% | 4.19% | 0.39x | 2.64x | CN¥-266.07 Million |
Industry Comparison
This section compares Zhangjiagang Guangda Special Material Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $18,501,057,162
- Average return on equity (ROE) among peers: 9.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhangjiagang Guangda Special Material Co Ltd (688186) | CN¥5.14 Billion | 14.35% | 1.44x | $677.64 Million |
| CITIC Pacific Special Steel Group Co Ltd (000708) | $543.16 Million | 26.80% | 2.24x | $9.99 Billion |
| HBIS Co Ltd (000709) | $58.95 Billion | 6.15% | 2.54x | $3.12 Billion |
| Sgis Songshan Co Ltd (000717) | $6.75 Billion | -17.10% | 1.73x | $741.29 Million |
| Bengang Steel Plates Co Ltd (000761) | $16.04 Billion | 10.98% | 0.68x | $1.25 Billion |
| Xinxing Ductile Iron Pipes Co Ltd (000778) | $14.00 Billion | 9.04% | 1.87x | $2.34 Billion |
| Shanxi Taigang Stainless Steel Co Ltd (000825) | $17.68 Billion | 24.02% | 2.27x | $3.14 Billion |
| Jiangsu Fasten Co Ltd (000890) | $223.45 Million | 17.91% | 7.78x | $546.34 Million |
| Angang Steel Co Ltd Class A (000898) | $53.86 Billion | 3.67% | 0.63x | $2.33 Billion |
| Hunan Valin Steel Co Ltd (000932) | $11.05 Billion | 4.95% | 2.02x | $3.65 Billion |
| Beijing Shougang Co Ltd (000959) | $5.91 Billion | 8.07% | 1.86x | $3.68 Billion |
About Zhangjiagang Guangda Special Material Co Ltd
Zhangjiagang Guangda Special Material Co., Ltd. researches, develops, produces, and sells steel materials and new energy wind power components in China and internationally. It offers wind power equipment parts, including wind turbine spindles; structural parts of gearbox, hub, and body frames; special stainless steel; high-temperature alloys, corrosion resistant alloys, and steel; die and tool st… Read more