Jiangsu Goodwe Power Supply Technology Co Ltd Net Assets
Jiangsu Goodwe Power Supply Technology Co Ltd net assets. Based on the latest financial reports, Jiangsu Goodwe Power Supply Technology Co Ltd (688390) has net assets worth CN¥3.18 Billion CNY (≈ $465.19 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥12.94 Billion ≈ $1.89 Billion USD) and total liabilities (CN¥9.76 Billion ≈ $1.43 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. Also explore how fast is Jiangsu Goodwe Power Supply Technology C growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.18 Billion |
| % of Total Assets | 24.56% |
| Annual Growth Rate | 95.78% |
| 5-Year Change | 632.24% |
| 10-Year Change | 12084.18% |
| Growth Volatility | 127.3 |
Net Assets of Jiangsu Goodwe Power Supply Technology Co Ltd (2013–2025)
Net assets of Jiangsu Goodwe Power Supply Technology Co Ltd from 2013 to 2025. This chart illustrates how Jiangsu Goodwe Power Supply Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See Jiangsu Goodwe Power Supply Technology C balance sheet quality to measure how much of total assets are equity-financed.
Annual Net Assets for Jiangsu Goodwe Power Supply Technology Co Ltd (2013–2025)
The table below shows the annual net assets of Jiangsu Goodwe Power Supply Technology Co Ltd from 2013 to 2025. For live market cap and overall valuation, see Jiangsu Goodwe Power Supply Technology C market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥12.29 Billion ≈ $1.80 Billion |
+321.68% |
| 2024-12-31 | CN¥2.91 Billion ≈ $426.33 Million |
-4.79% |
| 2023-12-31 | CN¥3.06 Billion ≈ $447.79 Million |
+34.15% |
| 2022-12-31 | CN¥2.28 Billion ≈ $333.80 Million |
+35.96% |
| 2021-12-31 | CN¥1.68 Billion ≈ $245.51 Million |
+15.18% |
| 2020-12-31 | CN¥1.46 Billion ≈ $213.15 Million |
+246.62% |
| 2019-12-31 | CN¥420.24 Million ≈ $61.49 Million |
+30.74% |
| 2018-12-31 | CN¥321.44 Million ≈ $47.04 Million |
+25.02% |
| 2017-12-31 | CN¥257.12 Million ≈ $37.62 Million |
+155.00% |
| 2016-12-31 | CN¥100.83 Million ≈ $14.75 Million |
+79.41% |
| 2015-12-31 | CN¥56.20 Million ≈ $8.22 Million |
+197.81% |
| 2014-12-31 | CN¥18.87 Million ≈ $2.76 Million |
+387.27% |
| 2013-12-31 | CN¥3.87 Million ≈ $566.74K |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Goodwe Power Supply Technology 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 166066444794.0% over the analyzed period, indicating profitable operations and earnings retention.
Jiangsu Goodwe Power Supply Technology Co Ltd Net Assets Breakdown (December 2025)
Jiangsu Goodwe Power Supply Technology Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.63 Billion | 57.06% |
| Other Comprehensive Income | CN¥2.72 Billion | 94.92% |
| Total Equity | CN¥2.86 Billion | 100.00% |
Jiangsu Goodwe Power Supply Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Jiangsu Goodwe Power Supply Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Atea ASA
OL:ATEA
|
$1.96 Billion |
|
SK Bioscience Co Ltd
KO:302440
|
$1.96 Billion |
|
HCI Group Inc
NYSE:HCI
|
$1.96 Billion |
|
China Enterprise Co Ltd
SHG:600675
|
$1.96 Billion |
|
INOX India Limited
NSE:INOXINDIA
|
$1.96 Billion |
|
Geo Group Inc
NYSE:GEO
|
$1.96 Billion |
|
BrightGene Bio Medical Technology C
SHG:688166
|
$1.96 Billion |
|
SBT Ultrasonic Technology Co. Ltd. A
SHG:688392
|
$1.96 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Goodwe Power Supply Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,749,846,342 to 2,861,265,899, a change of 111,419,557 (4.1%).
- Net income of 136,064,084 contributed positively to equity growth.
- Dividend payments of 35,825,451 reduced retained earnings.
- Other comprehensive income increased equity by 2,563,517,123.
- Other factors decreased equity by 2,552,336,199.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥136.06 Million | +4.76% |
| Dividends Paid | CN¥35.83 Million | -1.25% |
| Other Comprehensive Income | CN¥2.56 Billion | +89.59% |
| Other Changes | CN¥-2.55 Billion | -89.2% |
| Total Change | CN¥- | 4.05% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Goodwe Power Supply Technology 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: 4.69x
- 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 586.83x to 4.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥0.09 | CN¥55.20 | x |
| 2014-12-31 | CN¥0.46 | CN¥55.20 | x |
| 2015-12-31 | CN¥1.20 | CN¥55.20 | x |
| 2016-12-31 | CN¥1.92 | CN¥55.20 | x |
| 2017-12-31 | CN¥1.52 | CN¥55.20 | x |
| 2018-12-31 | CN¥1.78 | CN¥55.20 | x |
| 2019-12-31 | CN¥2.32 | CN¥55.20 | x |
| 2020-12-31 | CN¥7.42 | CN¥55.20 | x |
| 2021-12-31 | CN¥6.86 | CN¥55.20 | x |
| 2022-12-31 | CN¥9.29 | CN¥55.20 | x |
| 2023-12-31 | CN¥12.25 | CN¥55.20 | x |
| 2024-12-31 | CN¥11.57 | CN¥55.20 | x |
| 2025-12-31 | CN¥11.78 | CN¥55.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Goodwe Power Supply Technology 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): 4.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.53%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 3.29x
- Recent ROE (4.76%) is above the historical average (1.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -211.90% | -13.00% | 1.31x | 12.42x | CN¥-8.59 Million |
| 2014 | 10.91% | 1.99% | 1.15x | 4.76x | CN¥171.51K |
| 2015 | 17.54% | 5.81% | 1.12x | 2.68x | CN¥4.01 Million |
| 2016 | 51.00% | 12.11% | 1.22x | 3.45x | CN¥41.34 Million |
| 2017 | 20.66% | 5.06% | 1.42x | 2.88x | CN¥27.41 Million |
| 2018 | 17.41% | 6.71% | 1.01x | 2.57x | CN¥23.86 Million |
| 2019 | 24.55% | 10.88% | 0.93x | 2.42x | CN¥60.94 Million |
| 2020 | 17.87% | 16.38% | 0.62x | 1.76x | CN¥114.62 Million |
| 2021 | 16.88% | 10.44% | 0.72x | 2.24x | CN¥113.94 Million |
| 2022 | 28.76% | 13.78% | 0.81x | 2.57x | CN¥423.54 Million |
| 2023 | 28.57% | 11.59% | 1.03x | 2.38x | CN¥553.81 Million |
| 2024 | -2.25% | -0.92% | 0.85x | 2.89x | CN¥-336.80 Million |
| 2025 | 4.76% | 1.53% | 0.94x | 3.29x | CN¥-150.06 Million |
Industry Comparison
This section compares Jiangsu Goodwe Power Supply Technology Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,424,272,485
- Average return on equity (ROE) among peers: 10.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Goodwe Power Supply Technology Co Ltd (688390) | CN¥3.18 Billion | -211.90% | 3.07x | $1.96 Billion |
| XJ Electric Co Ltd (000400) | $2.20 Billion | 5.89% | 1.14x | $3.68 Billion |
| Guangdong Macro Co Ltd (000533) | $918.45 Million | 7.01% | 1.90x | $987.63 Million |
| Foshan Electrical and Lighting Co Ltd (000541) | $10.17 Billion | 4.39% | 0.69x | $905.08 Million |
| Dongfang Electronics Co Ltd (000682) | $3.15 Billion | 2.01% | 0.52x | $1.96 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $2.27 Billion | 47.35% | 1.31x | $597.58 Million |
| Huagong Tech Co Ltd (000988) | $2.89 Billion | 5.83% | 0.62x | $9.79 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.62 Billion | 6.74% | 1.87x | $1.17 Billion |
| Sieyuan Electric Co Ltd (002028) | $478.86 Million | 17.57% | 0.71x | $13.83 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $187.58 Million | 1.50% | 0.19x | $459.28 Million |
| Gotion High tech Co Ltd (002074) | $363.89 Million | 9.00% | 0.79x | $6.66 Billion |
About Jiangsu Goodwe Power Supply Technology Co Ltd
GoodWe Technologies Co., Ltd. engages in the research, manufacture, and sale of photovoltaic (PV) inverters and energy storage solutions in China and internationally. The company provides residential, commercial and industry, utility photovoltaic, photovoltaic building solutions; residential systems; and heat pump products. It also offers residential grid-tied inverters, commercial and industry-t… Read more