002678.SHE Guangzhou Pearl River Piano Group Co Ltd
- Market cap
- CNY 5.34B
- P/E
- -
- P/B
- 1.85x
- ROE
- -8.8%
- Dividend yield
- 0.10%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002678.SHE undervalued?
Graham numberThe Graham number of Guangzhou Pearl River Piano Group 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?
Guangzhou Pearl River Piano Group Co Ltd fundamental analysis
No fundamental analysis for Guangzhou Pearl River Piano Group Co Ltd yet.
Guangzhou Pearl River Piano Group Co Ltd stock price
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About 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 is also involved in the art education and cultural media; radio, television, film and video re…
Full company profileGuangzhou Pearl River Piano Group Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Guangzhou Pearl River Piano Group Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 1.57B | 1.79B | 1.97B | 2.05B | 1.75B | 2.02B | 1.66B | 1.13B | 677M | 570M | 570M |
| Gross Profit | 472M | 572M | 608M | 619M | 450M | 506M | 397M | 210M | 28.2M | 15.4M | 43.3M |
| Operating Income | 162M | 187M | 202M | 216M | 193M | 224M | 138M | 10.6M | -269M | -270M | -209M |
| EBITDA | 241M | 266M | 280M | 337M | 318M | 350M | 274M | 142M | -172M | -269M | -259M |
| Net Income | 151M | 165M | 176M | 190M | 171M | 186M | 123M | 5.88M | -236M | -374M | -256M |
| EPS | 0.12 | 0.13 | 0.13 | 0.14 | 0.13 | 0.14 | 0.09 | 0.00 | -0.17 | -0.28 | -0.19 |
| Balance Sheet | |||||||||||
| Total Assets | 2.89B | 4.17B | 4.38B | 4.47B | 4.80B | 5.02B | 5.12B | 4.56B | 3.99B | 3.82B | 3.66B |
| Total Liabilities | 868M | 939M | 1.05B | 1.05B | 1.25B | 1.34B | 1.37B | 828M | 518M | 697M | 734M |
| Shareholders' Equity | 2.01B | 3.19B | 3.29B | 3.40B | 3.52B | 3.64B | 3.71B | 3.70B | 3.45B | 3.10B | 2.89B |
| Cash & Short-term Investments | 617M | 1.67B | 1.42B | 1.55B | 1.93B | 2.04B | 2.10B | 1.48B | 941M | 689M | 418M |
| Total Debt | 425M | 360M | 330M | 431M | 440M | 433M | 578M | 290M | 230M | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 249M | 225M | 123M | 204M | 548M | 311M | 94.9M | -316M | -217M | -135M | - |
| Capital Expenditure | 150M | 241M | 328M | 118M | 114M | 76.2M | 123M | 56.5M | 214M | 126M | 106M |
| Free Cash Flow | 99.2M | -20.6M | -205M | 85.8M | 434M | 235M | -28.5M | -372M | -431M | -261M | -246M |
| Ratios | |||||||||||
| ROE | 7.6% | 5.2% | 5.4% | 5.6% | 4.8% | 5.1% | 3.3% | 0.2% | -6.8% | -12.1% | -8.8% |
| ROA | 5.2% | 4.0% | 4.0% | 4.2% | 3.6% | 3.7% | 2.4% | 0.1% | -5.9% | -9.8% | -7.0% |
| Net Profit Margin | 9.7% | 9.2% | 8.9% | 9.2% | 9.7% | 9.2% | 7.4% | 0.5% | -34.8% | -65.6% | -44.9% |
| Debt to Equity | 0.21x | 0.11x | 0.10x | 0.13x | 0.12x | 0.12x | 0.16x | 0.08x | 0.07x | - | - |
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.
Guangzhou Pearl River Piano Group Co Ltd dividends
- Dividend yield
- 0.10%
- Forward dividend
- -
- Payout ratio
- -
- Ex-dividend date
- May 9, 2024
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 5.38M | 0.00 | - |
| 2024 | CNY 7.27M | 0.01 | - |
| 2023 | CNY 51.3M | 0.03 | 872.9% |
| 2022 | CNY 78.9M | 0.06 | 64.0% |
| 2021 | CNY 65.5M | 0.05 | 35.2% |
| 2020 | CNY 47.5M | 0.04 | 27.9% |
| 2019 | CNY 88.3M | 0.07 | 46.5% |
| 2018 | CNY 93.6M | 0.07 | 53.1% |
| 2017 | CNY 81.2M | 0.06 | 49.3% |
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: 1.3:1 on Jul 3, 2018.
Who owns Guangzhou Pearl River Piano Group Co Ltd
- Insiders 84.48%
- Institutions 0.15%
- Public & others 15.37%
- Shares outstanding 1.36B
- Free float 269M
Guangzhou Pearl River Piano Group Co Ltd company profile
- Company name
- Guangzhou Pearl River Piano Group Co Ltd
- Ticker
- 002678.SHE
- ISIN
- CNE100001DS9
- Exchange
- Shenzhen Stock Exchange
- Listed since
- May 30, 2012
- Sector
- Consumer Cyclical
- Industry
- Leisure Products
- Employees
- 1,900
- Fiscal year end
- December
- Address
- Building 1, Factory Building (Self-numbered Building 3), Guangzhou, China, 511340
- Phone
- 86 20 8151 4020
- Website
- pearlriverpiano.com
About 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 is also involved in the art education and cultural media; radio, television, film and video recording production; house and venue rental and leasing; property management; and trading businesses. In addition, the company provides education consulting and professional technical services; and professional logistics of musical instruments, piano tuning, repair, rental, second-hand piano trading, piano playing teaching, and certification services. Further, it offers pianos under the Kayserburg, Ritmüller, Pearl River, and Pearl River Prodigy brand names. The company was founded in 1956 and is headquartered in Guangzhou, China. Guangzhou Pearl River Piano Group Co.,Ltd is a subsidiary of Guangzhou Urban Construction Investment Group Co., Ltd.
Guangzhou Pearl River Piano Group Co Ltd management
3- Mr. Wei XiaoVice Chairman & GM · born 1972
- Ms. Jianqing LinFinancial Officer & Accounting Supervisor · born 1976
- Mr. Xiaoqiang YangDeputy GM, Board Secretary & General Counsel · born 1986