Guoguang Electric Co Ltd Chengdu (688776) - Net Assets
Based on the latest financial reports, Guoguang Electric Co Ltd Chengdu (688776) has net assets worth CN¥1.71 Billion CNY (≈ $249.85 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¥2.30 Billion ≈ $336.04 Million USD) and total liabilities (CN¥589.04 Million ≈ $86.19 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 688776 asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.71 Billion |
| % of Total Assets | 74.35% |
| Annual Growth Rate | 11.99% |
| 5-Year Change | 7.5% |
| 10-Year Change | N/A |
| Growth Volatility | 65.69 |
Guoguang Electric Co Ltd Chengdu - Net Assets Trend (2017–2025)
This chart illustrates how Guoguang Electric Co Ltd Chengdu's net assets have evolved over time, based on quarterly financial data. Check 688776 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Guoguang Electric Co Ltd Chengdu (2017–2025)
The table below shows the annual net assets of Guoguang Electric Co Ltd Chengdu from 2017 to 2025. For live valuation and market cap data, see market cap of Guoguang Electric Co Ltd Chengdu.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.75 Billion ≈ $255.66 Million |
-5.50% |
| 2024-12-31 | CN¥1.85 Billion ≈ $270.54 Million |
+0.65% |
| 2023-12-31 | CN¥1.84 Billion ≈ $268.80 Million |
+5.34% |
| 2022-12-31 | CN¥1.74 Billion ≈ $255.18 Million |
+7.30% |
| 2021-12-31 | CN¥1.63 Billion ≈ $237.83 Million |
+194.32% |
| 2020-12-31 | CN¥552.20 Million ≈ $80.80 Million |
+7.21% |
| 2019-12-31 | CN¥515.05 Million ≈ $75.37 Million |
+0.72% |
| 2018-12-31 | CN¥511.37 Million ≈ $74.83 Million |
-27.57% |
| 2017-12-31 | CN¥706.03 Million ≈ $103.31 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Guoguang Electric Co Ltd Chengdu'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 246.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥377.32 Million | 21.60% |
| Other Components | CN¥1.37 Billion | 78.40% |
| Total Equity | CN¥1.75 Billion | 100.00% |
Guoguang Electric Co Ltd Chengdu Competitors by Market Cap
The table below lists competitors of Guoguang Electric Co Ltd Chengdu ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nhn Entertain
KO:181710
|
$786.62 Million |
|
Dongguan Mentech Optical & Magnetic Co Ltd
SHE:002902
|
$786.83 Million |
|
Ninety One Ltd
JSE:NY1
|
$786.86 Million |
|
SmartFinancial, Inc.
NYSE:SMBK
|
$787.21 Million |
|
Hangzhou Youngsun Intelligent
SHG:603901
|
$785.74 Million |
|
Hudson Pacific Properties Inc
NYSE:HPP
|
$785.61 Million |
|
XiAn Tian He Defense Technology Co Ltd
SHE:300397
|
$785.49 Million |
|
Sirio Pharma
SHE:300791
|
$785.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guoguang Electric Co Ltd Chengdu's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,848,823,317 to 1,747,156,883, a change of -101,666,434 (-5.5%).
- Net loss of 96,241,000 reduced equity.
- Dividend payments of 20,016,401 reduced retained earnings.
- Other comprehensive income decreased equity by 400,732,815.
- Other factors increased equity by 415,323,783.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-96.24 Million | -5.51% |
| Dividends Paid | CN¥20.02 Million | -1.15% |
| Other Comprehensive Income | CN¥-400.73 Million | -22.94% |
| Other Changes | CN¥415.32 Million | +23.77% |
| Total Change | CN¥- | -5.50% |
Book Value vs Market Value Analysis
This analysis compares Guoguang Electric Co Ltd Chengdu'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: 3.07x
- 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 6.68x to 3.07x 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¥7.42 | CN¥49.58 | x |
| 2018-12-31 | CN¥5.77 | CN¥49.58 | x |
| 2019-12-31 | CN¥6.34 | CN¥49.58 | x |
| 2020-12-31 | CN¥6.78 | CN¥49.58 | x |
| 2021-12-31 | CN¥18.02 | CN¥49.58 | x |
| 2022-12-31 | CN¥16.07 | CN¥49.58 | x |
| 2023-12-31 | CN¥16.87 | CN¥49.58 | x |
| 2024-12-31 | CN¥16.90 | CN¥49.58 | x |
| 2025-12-31 | CN¥16.16 | CN¥49.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guoguang Electric Co Ltd Chengdu 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): -5.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -34.44%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.35x
- Recent ROE (-5.51%) is below the historical average (6.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 3.47% | 9.31% | 0.24x | 1.53x | CN¥-45.90 Million |
| 2018 | 3.78% | 5.23% | 0.46x | 1.56x | CN¥-31.71 Million |
| 2019 | 8.17% | 11.85% | 0.46x | 1.50x | CN¥-9.43 Million |
| 2020 | 17.28% | 21.40% | 0.51x | 1.58x | CN¥40.19 Million |
| 2021 | 10.15% | 27.94% | 0.29x | 1.24x | CN¥2.43 Million |
| 2022 | 9.52% | 18.22% | 0.41x | 1.29x | CN¥-8.33 Million |
| 2023 | 4.92% | 12.12% | 0.32x | 1.29x | CN¥-93.34 Million |
| 2024 | 2.54% | 8.77% | 0.22x | 1.32x | CN¥-137.83 Million |
| 2025 | -5.51% | -34.44% | 0.12x | 1.35x | CN¥-270.96 Million |
Industry Comparison
This section compares Guoguang Electric Co Ltd Chengdu'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 |
|---|---|---|---|---|
| Guoguang Electric Co Ltd Chengdu (688776) | CN¥1.71 Billion | 3.47% | 0.34x | $786.33 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 Guoguang Electric Co Ltd Chengdu
Guoguang Electric Co.,Ltd.Chengdu engages in the research and development, production, and sale of microwave devices in China and internationally. It offers microwave electric vacuum devices, such as traveling wave tubes, magnetrons, and traveling wave tubes; microwave energy application equipment; vacuum contactors; cathode components and magnetic materials; vacuum contactor arc extinguishing ch… Read more