Guangzhou Pearl River Piano Group Co Ltd
Guangzhou Pearl River Piano Group Co., Ltd. engages in the research and development, manufacturing, sales and service of piano and digital musical instrument products in China and internationally. The company offers pianos, violins, digital pianos, strings, guitars, and wind instruments and folk music, as well as musical instrument accessories and music culture teaching materials. It also engages… Read more
Guangzhou Pearl River Piano Group Co Ltd (002678) - Total Assets
Latest total assets as of September 2025: CN¥3.86 Billion CNY
Based on the latest financial reports, Guangzhou Pearl River Piano Group Co Ltd (002678) holds total assets worth CN¥3.86 Billion CNY as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Guangzhou Pearl River Piano Group Co Ltd - Total Assets Trend (2009–2024)
This chart illustrates how Guangzhou Pearl River Piano Group Co Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Guangzhou Pearl River Piano Group Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Guangzhou Pearl River Piano Group Co Ltd's total assets of CN¥3.86 Billion consist of 55.8% current assets and 44.2% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 21.1% |
| Accounts Receivable | CN¥82.44 Million | 2.1% |
| Inventory | CN¥1.17 Billion | 29.4% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥151.89 Million | 3.8% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2009–2024)
This chart illustrates how Guangzhou Pearl River Piano Group Co Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Guangzhou Pearl River Piano Group Co Ltd's current assets represent 55.8% of total assets in 2024, a decrease from 70.5% in 2009.
- Cash Position: Cash and equivalents constituted 21.1% of total assets in 2024, down from 26.3% in 2009.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 3.0% of total assets, unchanged from 3.0% in 2009.
- Asset Diversification: The largest asset category is inventory at 29.4% of total assets.
Guangzhou Pearl River Piano Group Co Ltd Competitors by Total Assets
Key competitors of Guangzhou Pearl River Piano Group Co Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Sportsoul Co. Ltd. A
SHE:001300
|
China | CN¥1.27 Billion |
|
HL Corp Shenzhen
SHE:002105
|
China | CN¥1.61 Billion |
|
Goldlok Toys Holdings Guangdong Co Ltd
SHE:002348
|
China | CN¥715.63 Million |
|
Atlas Cycles (Haryana) Limited
NSE:ATLASCYCLE
|
India | ₹4.80 Billion |
|
Guangdong Qunxing Toys Joint-Stock Co Ltd
SHE:002575
|
China | CN¥929.34 Million |
|
Shanghai Yaoji Playing Card Co Ltd
SHE:002605
|
China | CN¥5.25 Billion |
|
Xiamen Comfort Science&Technology Group Co Ltd
SHE:002614
|
China | CN¥7.61 Billion |
|
Shifeng Cultural Development Co Ltd
SHE:002862
|
China | CN¥707.49 Million |
Guangzhou Pearl River Piano Group Co Ltd - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Guangzhou Pearl River Piano Group Co Ltd generates 0.17x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Guangzhou Pearl River Piano Group Co Ltd is currently not profitable relative to its asset base.
Guangzhou Pearl River Piano Group Co Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 6.95 | 6.28 | 2.55 |
| Quick Ratio | 3.17 | 2.99 | 1.72 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥1.74 Billion | CN¥ 2.01 Billion | CN¥ 1.83 Billion |
Guangzhou Pearl River Piano Group Co Ltd - Advanced Valuation Insights
This section examines the relationship between Guangzhou Pearl River Piano Group Co Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.30 |
| Latest Market Cap to Assets Ratio | 0.05 |
| Asset Growth Rate (YoY) | -12.5% |
| Total Assets | CN¥3.99 Billion |
| Market Capitalization | $195.17 Million USD |
Valuation Analysis
Below Book Valuation: The market values Guangzhou Pearl River Piano Group Co Ltd's assets below their book value (0.05 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Guangzhou Pearl River Piano Group Co Ltd's assets decreased by 12.5% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Guangzhou Pearl River Piano Group Co Ltd (2009–2024)
The table below shows the annual total assets of Guangzhou Pearl River Piano Group Co Ltd from 2009 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.99 Billion | -12.52% |
| 2023-12-31 | CN¥4.56 Billion | -10.96% |
| 2022-12-31 | CN¥5.12 Billion | +1.93% |
| 2021-12-31 | CN¥5.02 Billion | +4.64% |
| 2020-12-31 | CN¥4.80 Billion | +7.33% |
| 2019-12-31 | CN¥4.47 Billion | +2.15% |
| 2018-12-31 | CN¥4.38 Billion | +4.96% |
| 2017-12-31 | CN¥4.17 Billion | +44.03% |
| 2016-12-31 | CN¥2.89 Billion | +17.48% |
| 2015-12-31 | CN¥2.46 Billion | +3.83% |
| 2014-12-31 | CN¥2.37 Billion | +4.68% |
| 2013-12-31 | CN¥2.27 Billion | +13.38% |
| 2012-12-31 | CN¥2.00 Billion | +45.43% |
| 2011-12-31 | CN¥1.38 Billion | +7.95% |
| 2010-12-31 | CN¥1.27 Billion | +1.33% |
| 2009-12-31 | CN¥1.26 Billion | -- |