Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A (688439) - Net Assets
Based on the latest financial reports, Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A (688439) has net assets worth CN¥5.03 Billion CNY (≈ $736.56 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¥5.56 Billion ≈ $812.96 Million USD) and total liabilities (CN¥522.07 Million ≈ $76.40 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. See Guizhou Zhenhua Fengguang Semiconductor balance sheet quality to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.03 Billion |
| % of Total Assets | 90.6% |
| Annual Growth Rate | 83.98% |
| 5-Year Change | 702.98% |
| 10-Year Change | N/A |
| Growth Volatility | 218.7 |
Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A - Net Assets Trend (2020–2025)
This chart illustrates how Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 688439 market cap.
Annual Net Assets for Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A (2020–2025)
The table below shows the annual net assets of Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A from 2020 to 2025. Also explore 688439 shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥5.08 Billion ≈ $743.40 Million |
+1.85% |
| 2024-12-31 | CN¥4.99 Billion ≈ $729.88 Million |
+4.65% |
| 2023-12-31 | CN¥4.77 Billion ≈ $697.43 Million |
+12.33% |
| 2022-12-31 | CN¥4.24 Billion ≈ $620.90 Million |
+570.66% |
| 2021-12-31 | CN¥632.67 Million ≈ $92.58 Million |
+162.38% |
| 2020-12-31 | CN¥241.13 Million ≈ $35.28 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A'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 2179.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥930.68 Million | 18.50% |
| Other Components | CN¥4.10 Billion | 81.50% |
| Total Equity | CN¥5.03 Billion | 100.00% |
Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Savara Inc
NASDAQ:SVRA
|
$1.10 Billion |
|
Jiangsu Libert Inc
SHG:605167
|
$1.10 Billion |
|
Shenzhen Click Technology Co Ltd
SHE:002782
|
$1.10 Billion |
|
S.ENER.ELEC.SP.GDR REGS 1
F:ECEA
|
$1.10 Billion |
|
City Development Environment Co Ltd
SHE:000885
|
$1.10 Billion |
|
Kunshan Guoli Electronic Technology Co Ltd
SHG:688103
|
$1.10 Billion |
|
Bank Leumi Le-Israel B.M
TA:LUMI
|
$1.10 Billion |
|
Siam Global House Public Company Limited
BK:GLOBAL
|
$1.10 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,925,550,712 to 5,030,471,511, a change of 104,920,799 (2.1%).
- Net income of 170,040,775 contributed positively to equity growth.
- Dividend payments of 35,364,710 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥170.04 Million | +3.38% |
| Dividends Paid | CN¥35.36 Million | -0.7% |
| Other Changes | CN¥-29.76 Million | -0.59% |
| Total Change | CN¥- | 2.13% |
Book Value vs Market Value Analysis
This analysis compares Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A'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: 1.50x
- 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 23.71x to 1.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CN¥1.59 | CN¥37.69 | x |
| 2021-12-31 | CN¥4.13 | CN¥37.69 | x |
| 2022-12-31 | CN¥20.97 | CN¥37.69 | x |
| 2023-12-31 | CN¥23.64 | CN¥37.69 | x |
| 2024-12-31 | CN¥24.63 | CN¥37.69 | x |
| 2025-12-31 | CN¥25.15 | CN¥37.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A 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): 3.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.04%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.11x
- Recent ROE (3.38%) is below the historical average (17.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 44.22% | 29.17% | 0.50x | 3.01x | CN¥81.59 Million |
| 2021 | 28.58% | 35.22% | 0.40x | 2.05x | CN¥115.01 Million |
| 2022 | 7.23% | 38.90% | 0.16x | 1.15x | CN¥-116.37 Million |
| 2023 | 12.91% | 47.07% | 0.24x | 1.13x | CN¥137.71 Million |
| 2024 | 5.84% | 28.67% | 0.18x | 1.11x | CN¥-204.85 Million |
| 2025 | 3.38% | 22.04% | 0.14x | 1.11x | CN¥-333.01 Million |
Industry Comparison
This section compares Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $1,623,578,815
- Average return on equity (ROE) among peers: 6.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A (688439) | CN¥5.03 Billion | 44.22% | 0.10x | $1.10 Billion |
| UniTTEC Co Ltd (000925) | $1.03 Billion | 2.90% | 1.78x | $803.67 Million |
| Unigroup Guoxin Microelectronics Co Ltd (002049) | $3.82 Billion | 9.11% | 0.50x | $7.56 Billion |
| Sinosteel Anhui Tianyuan Technology Co Ltd (002057) | $496.77 Million | 3.93% | 0.22x | $987.34 Million |
| Suzhou Good-Ark Electronics Co Ltd (002079) | $3.05 Billion | 2.42% | 0.37x | $1.22 Billion |
| Ningbo Kangqiang Electronics Co Ltd (002119) | $808.58 Million | 7.92% | 1.06x | $1.36 Billion |
| Tianjin Printronics Circuit Corp (002134) | $695.35 Million | -2.78% | 0.19x | $982.51 Million |
| Tatwah Smartech Co Ltd (002512) | $897.72 Million | 5.19% | 0.07x | $645.27 Million |
| Chutian Dragon Co Ltd (003040) | $916.47 Million | 6.34% | 0.58x | $1.11 Billion |
| Jiangsu Huasheng Tianlong Photo (300029) | $269.70 Million | 24.85% | 0.94x | $3.52 Million |
| Hubei Dinglong Chemical (300054) | $4.26 Billion | 5.02% | 0.20x | $10.14 Billion |
About Guizhou Zhenhua Fengguang Semiconductor Co. Ltd. A
Guizhou Zhenhua Fengguang Semiconductor Co., Ltd. engages in the research, design, development, production, packaging, testing, and sale of semiconductor integrated circuits in China. The company offers monolithic, hybrid, and plastic-encapsulated products, as well as SMT board products. It also provides amplifiers, memories, microprocessors, data converters, drivers, power management circuits, t… Read more