002045.SHE Guoguang Electric Co Ltd
- Market cap
- CNY 4.51B
- P/E
- -
- P/B
- 1.11x
- ROE
- -8.6%
- Dividend yield
- 1.27%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 1 quarter up to Sep 2026.
Is 002045.SHE undervalued?
Graham numberThe Graham number of Guoguang Electric Co Ltd cannot be estimated reliably (it needs positive earnings and book value).
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Guoguang Electric Co Ltd fundamental analysis
No fundamental analysis for Guoguang Electric Co Ltd yet.
Guoguang Electric Co Ltd stock price
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About Guoguang Electric Co Ltd
Guoguang Electric Company Limited, together with its subsidiaries, engages in the audio and electroacoustic, and lithium battery businesses in Mainland China, Europe, the United States, and internationally. The company offers loudspeakers, bluetooth speakers, traditional headphones, computer peripheral audio, Wi-Fi speakers, soundbar, smart speakers, AI glasses, AI headphones, VR/AR products, car amplifiers, AVAS, car speakers, and subwoofers. It also provides lithium batter…
Full company profileGuoguang Electric Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 1 quarter up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Guoguang Electric Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 2.23B | 2.57B | 4.05B | 4.04B | 4.45B | 4.25B | 4.82B | 5.99B | 5.93B | 7.90B | 8.63B |
| Gross Profit | 421M | 468M | 616M | 372M | 773M | 652M | 467M | 700M | 864M | 1.04B | 689M |
| Operating Income | 50.8M | 37.7M | 161M | -270M | 404M | 189M | 14.7M | 157M | 346M | 231M | -266M |
| EBITDA | 160M | 180M | 278M | -95.9M | 566M | 358M | 174M | 347M | 536M | 447M | -377M |
| Net Income | 48.0M | 60.4M | 131M | -219M | 353M | 187M | 40.1M | 178M | 361M | 253M | -351M |
| EPS | 0.12 | 0.14 | 0.31 | -0.49 | 0.75 | 0.40 | 0.09 | 0.40 | 0.78 | 0.46 | -0.62 |
| Balance Sheet | |||||||||||
| Total Assets | 2.88B | 3.00B | 4.16B | 4.81B | 4.24B | 4.48B | 4.85B | 5.21B | 6.99B | 9.48B | 11.0B |
| Total Liabilities | 1.55B | 1.59B | 2.67B | 3.09B | 2.31B | 2.44B | 2.86B | 3.05B | 3.04B | 5.20B | 6.92B |
| Shareholders' Equity | 1.31B | 1.34B | 1.44B | 1.66B | 1.93B | 2.04B | 1.99B | 2.16B | 3.95B | 4.28B | 4.07B |
| Cash & Short-term Investments | 344M | 196M | 119M | 410M | 766M | 975M | 823M | 866M | 2.56B | 2.07B | 1.88B |
| Total Debt | 896M | 766M | 1.27B | 1.79B | 1.00B | 896M | 1.31B | 1.47B | 1.31B | 2.55B | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 174M | 173M | 106M | 139M | 335M | 535M | -128M | 52.6M | 822M | 152M | - |
| Capital Expenditure | 221M | 225M | 542M | 368M | 154M | 210M | 206M | 150M | 231M | 584M | 215M |
| Free Cash Flow | -46.6M | -51.8M | -435M | -228M | 181M | 325M | -334M | -97.7M | 591M | -432M | 74.5M |
| Ratios | |||||||||||
| ROE | 3.7% | 4.5% | 9.1% | -13.2% | 18.3% | 9.2% | 2.0% | 8.3% | 9.1% | 5.9% | -8.6% |
| ROA | 1.7% | 2.0% | 3.1% | -4.6% | 8.3% | 4.2% | 0.8% | 3.4% | 5.2% | 2.7% | -3.2% |
| Net Profit Margin | 2.1% | 2.4% | 3.2% | -5.4% | 7.9% | 4.4% | 0.8% | 3.0% | 6.1% | 3.2% | -4.1% |
| Debt to Equity | 0.68x | 0.57x | 0.88x | 1.08x | 0.52x | 0.44x | 0.66x | 0.68x | 0.33x | 0.60x | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Guoguang Electric Co Ltd dividends
- Dividend yield
- 1.27%
- Forward dividend
- 0.02 CNY
- Payout ratio
- 22.7%
- Ex-dividend date
- Jun 3, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2024 | CNY 57.4M | 0.10 | 22.7% |
| 2023 | CNY 40.2M | 0.09 | 11.2% |
| 2022 | CNY 40.5M | 0.09 | 22.7% |
| 2021 | CNY 30.8M | 0.07 | 76.7% |
| 2020 | CNY 36.9M | 0.08 | 19.8% |
| 2019 | CNY 37.5M | 0.08 | 10.6% |
| 2018 | CNY 110M | 0.25 | - |
| 2017 | CNY 66.8M | 0.16 | 51.1% |
| 2016 | CNY 55.5M | 0.13 | 91.9% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 15:10 on May 27, 2011.
Who owns Guoguang Electric Co Ltd
- Insiders 27.55%
- Institutions 1.97%
- Public & others 70.48%
- Shares outstanding 562M
- Free float 386M
Guoguang Electric Co Ltd company profile
- Company name
- Guoguang Electric Co Ltd
- Ticker
- 002045.SHE
- ISIN
- CNE000001LW5
- Exchange
- Shenzhen Stock Exchange
- Listed since
- May 23, 2005
- Sector
- Technology
- Industry
- Household Durables
- Employees
- 13,307
- Fiscal year end
- December
- Address
- No. 8, Jinghu Avenue, Guangzhou, China, 510800
- Phone
- 86 20 2860 9680
- Website
- ggec.com.cn
About Guoguang Electric Co Ltd
Guoguang Electric Company Limited, together with its subsidiaries, engages in the audio and electroacoustic, and lithium battery businesses in Mainland China, Europe, the United States, and internationally. The company offers loudspeakers, bluetooth speakers, traditional headphones, computer peripheral audio, Wi-Fi speakers, soundbar, smart speakers, AI glasses, AI headphones, VR/AR products, car amplifiers, AVAS, car speakers, and subwoofers. It also provides lithium battery products for headphones, smart speakers, wearable devices, electronic cigarettes, drones, and other products. In addition, the company is involved in the rental of houses and buildings. Guoguang Electric Company Limited was founded in 1951 and is headquartered in Guangzhou, the People's Republic of China.
Guoguang Electric Co Ltd management
7- Mr. Hongda LuPresident & Chairman · born 1971
- Mr. Yushan WangCFO & Head of Accounting Department · born 1986
- Ms. Jie WangVP, Board Secretary & Non-Independent Director · born 1992
- Mr. Ya Min ZhengVice President · born 1970
- Mr. Shouhua XieVice President · born 1974
- Mr. Wen Tong HuangVice President · born 1971
- Mr. Wang DongVice President · born 1989