Changzhou Galaxy Century Microelectronics Co Ltd (688689) - Net Assets
Based on the latest financial reports, Changzhou Galaxy Century Microelectronics Co Ltd (688689) has net assets worth CN¥1.43 Billion CNY (≈ $209.68 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¥2.35 Billion ≈ $344.47 Million USD) and total liabilities (CN¥921.14 Million ≈ $134.79 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 tangible net worth ratio of Changzhou Galaxy Century Microelectronic to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.43 Billion |
| % of Total Assets | 60.87% |
| Annual Growth Rate | 15.7% |
| 5-Year Change | 31.57% |
| 10-Year Change | 263.8% |
| Growth Volatility | 22.62 |
Changzhou Galaxy Century Microelectronics Co Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Changzhou Galaxy Century Microelectronics Co Ltd's net assets have evolved over time, based on quarterly financial data. See 688689 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Changzhou Galaxy Century Microelectronics Co Ltd (2014–2025)
The table below shows the annual net assets of Changzhou Galaxy Century Microelectronics Co Ltd from 2014 to 2025. For live valuation and market cap data, see Changzhou Galaxy Century Microelectronic market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.41 Billion ≈ $206.89 Million |
+3.54% |
| 2024-12-31 | CN¥1.37 Billion ≈ $199.81 Million |
+3.33% |
| 2023-12-31 | CN¥1.32 Billion ≈ $193.37 Million |
+2.95% |
| 2022-12-31 | CN¥1.28 Billion ≈ $187.83 Million |
+19.45% |
| 2021-12-31 | CN¥1.07 Billion ≈ $157.24 Million |
+86.49% |
| 2020-12-31 | CN¥576.21 Million ≈ $84.32 Million |
+13.88% |
| 2019-12-31 | CN¥505.96 Million ≈ $74.04 Million |
+6.92% |
| 2018-12-31 | CN¥473.19 Million ≈ $69.24 Million |
+13.58% |
| 2017-12-31 | CN¥416.60 Million ≈ $60.96 Million |
+7.20% |
| 2016-12-31 | CN¥388.62 Million ≈ $56.87 Million |
+19.17% |
| 2015-12-31 | CN¥326.11 Million ≈ $47.72 Million |
+14.69% |
| 2014-12-31 | CN¥284.34 Million ≈ $41.61 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Changzhou Galaxy Century Microelectronics 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 189.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥464.73 Million | 33.69% |
| Other Components | CN¥914.75 Million | 66.31% |
| Total Equity | CN¥1.38 Billion | 100.00% |
Changzhou Galaxy Century Microelectronics Co Ltd Competitors by Market Cap
The table below lists competitors of Changzhou Galaxy Century Microelectronics Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Henan Tong-Da Cable Co Ltd
SHE:002560
|
$883.34 Million |
|
Guangdong Haomei New Material Co Lt
SHE:002988
|
$883.40 Million |
|
Shenzhen Tellus Holding Co Ltd
SHE:000025
|
$883.40 Million |
|
CNB Financial Corporation
NASDAQ:CCNE
|
$883.70 Million |
|
Harbin Xinguang Optic Electronics
SHG:688011
|
$883.11 Million |
|
GSP Automotive Group Wenzhou Co Ltd
SHG:605088
|
$882.84 Million |
|
Anhui Xinlong Electrical Co Ltd
SHE:002298
|
$882.66 Million |
|
Minerals 260 Ltd
AU:MI6
|
$882.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Changzhou Galaxy Century Microelectronics Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,326,873,054 to 1,379,474,479, a change of 52,601,425 (4.0%).
- Net income of 80,385,900 contributed positively to equity growth.
- Dividend payments of 35,506,880 reduced retained earnings.
- Other comprehensive income decreased equity by 225,651,289.
- Other factors increased equity by 233,373,694.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥80.39 Million | +5.83% |
| Dividends Paid | CN¥35.51 Million | -2.57% |
| Other Comprehensive Income | CN¥-225.65 Million | -16.36% |
| Other Changes | CN¥233.37 Million | +16.92% |
| Total Change | CN¥- | 3.96% |
Book Value vs Market Value Analysis
This analysis compares Changzhou Galaxy Century Microelectronics 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: 4.33x
- 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 15.12x to 4.33x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥3.10 | CN¥46.82 | x |
| 2015-12-31 | CN¥3.55 | CN¥46.82 | x |
| 2016-12-31 | CN¥4.22 | CN¥46.82 | x |
| 2017-12-31 | CN¥4.35 | CN¥46.82 | x |
| 2018-12-31 | CN¥4.94 | CN¥46.82 | x |
| 2019-12-31 | CN¥5.34 | CN¥46.82 | x |
| 2020-12-31 | CN¥5.98 | CN¥46.82 | x |
| 2021-12-31 | CN¥8.55 | CN¥46.82 | x |
| 2022-12-31 | CN¥9.97 | CN¥46.82 | x |
| 2023-12-31 | CN¥10.29 | CN¥46.82 | x |
| 2024-12-31 | CN¥10.34 | CN¥46.82 | x |
| 2025-12-31 | CN¥10.81 | CN¥46.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Changzhou Galaxy Century Microelectronics 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): 5.83%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.66%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.69x
- Recent ROE (5.83%) is below the historical average (10.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 17.19% | 8.74% | 1.08x | 1.83x | CN¥20.45 Million |
| 2015 | 12.84% | 7.97% | 1.00x | 1.61x | CN¥9.25 Million |
| 2016 | 11.86% | 8.44% | 0.94x | 1.49x | CN¥7.23 Million |
| 2017 | 13.11% | 8.93% | 0.91x | 1.61x | CN¥12.95 Million |
| 2018 | 11.81% | 9.55% | 0.89x | 1.39x | CN¥8.56 Million |
| 2019 | 10.42% | 9.99% | 0.75x | 1.38x | CN¥2.13 Million |
| 2020 | 12.07% | 11.40% | 0.75x | 1.40x | CN¥11.92 Million |
| 2021 | 13.11% | 16.92% | 0.60x | 1.29x | CN¥33.42 Million |
| 2022 | 6.73% | 12.78% | 0.36x | 1.48x | CN¥-41.98 Million |
| 2023 | 4.86% | 9.21% | 0.35x | 1.51x | CN¥-67.72 Million |
| 2024 | 5.42% | 7.91% | 0.41x | 1.66x | CN¥-60.81 Million |
| 2025 | 5.83% | 7.66% | 0.45x | 1.69x | CN¥-57.56 Million |
Industry Comparison
This section compares Changzhou Galaxy Century Microelectronics Co Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $758,137,872
- Average return on equity (ROE) among peers: 7.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Changzhou Galaxy Century Microelectronics Co Ltd (688689) | CN¥1.43 Billion | 17.19% | 0.64x | $883.15 Million |
| UniTTEC Co Ltd (000925) | $3.09 Billion | 1.86% | 1.43x | $807.63 Million |
| Unigroup Guoxin Microelectronics Co Ltd (002049) | $87.45 Million | 17.73% | 0.92x | $9.99 Billion |
| Sinosteel Anhui Tianyuan Technology Co Ltd (002057) | $238.46 Million | 1.47% | 0.52x | $1.34 Billion |
| Suzhou Good-Ark Electronics Co Ltd (002079) | $150.59 Million | 29.58% | 0.75x | $1.83 Billion |
| Ningbo Kangqiang Electronics Co Ltd (002119) | $552.98 Million | 1.15% | 0.72x | $1.90 Billion |
| Tianjin Printronics Circuit Corp (002134) | $609.67 Million | -14.49% | 0.33x | $1.09 Billion |
| Tatwah Smartech Co Ltd (002512) | $318.94 Million | -63.28% | 6.24x | $640.43 Million |
| Chutian Dragon Co Ltd (003040) | $916.47 Million | 6.34% | 0.58x | $791.53 Million |
| Jiangsu Huasheng Tianlong Photo (300029) | $63.06 Million | 81.02% | 3.66x | $5.87 Million |
| Nations Technologies Inc (300077) | $1.55 Billion | 14.11% | 0.72x | $1.99 Billion |
About Changzhou Galaxy Century Microelectronics Co Ltd
Changzhou Galaxy Century Microelectronics Co.,Ltd. researches, develops, manufactures, and sells semiconductor discrete devices in China and internationally. The company offers diodes, SiC and GaN devices, MOSFETs, IGBT, transistors, analog and digital ICs, photocouplers, LEDs, and other discrete semiconductor devices. Its products are used in the computers and peripherals, household appliances, … Read more