1. China Stocks

  2. •

    Consumer durables

  3. •

    Electronics/Appliances
Guoguang Electric Co., Ltd. Class A

Guoguang Electric Co., Ltd. Class A

SSZSE:002045
9.11
CNY
+0.50
(+5.81%)
0.39EPS
41.43P/E
8.98BMarket Cap
Oct 28Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.86
4.79
5.58
5.95
9.6
9.04
9.44
9.12
10.8
13.44
12.83
14.37
- -
- -
Basic EPS, GAAP
0.19
0.22
0.12
0.14
0.31
-0.49
0.75
0.4
0.09
0.4
0.78
0.46
- -
- -
Free Cash Flow per Basic Share
0.24
0.07
-0.12
-0.12
-1.03
-0.51
0.38
0.7
-0.75
-0.22
1.28
-0.79
- -
- -
Dividend per Share
0.15
0.15
0.15
0.13
0.16
0.25
0.21
0.15
0.07
0.09
0.09
0.1
- -
0.1
Book Value per Share
2.97
3.11
3.15
3.22
3.45
3.54
4.12
4.35
4.25
4.61
6.95
7.6
- -
- -
Tangible Book Value per Share
2.45
2.53
2.31
2.56
2.83
3.06
3.68
3.97
3.93
4.31
6.72
7.12
- -
- -
Basic Weighted Avg Shares
416
421
400
432
422
447
471
467
446
446
462
550
562
554
Sales/Revenue/Turnover
2,021
2,016
2,231
2,569
4,049
4,042
4,446
4,254
4,815
5,994
5,933
7,901
- -
- -
Operating Margin (%)
7
7.43
4.83
3.87
5.25
1.36
7.17
5.56
-0.25
3.28
4.76
2.04
- -
- -
Depreciation Expense
60
60
64
80
97
113
114
117
125
150
154
176
- -
- -
Net Income, GAAP
79
93
48
60
131
-219
353
187
40
178
361
253
- -
- -
Effective Tax Rate (%)
22.54
15.18
25.2
11.75
16.79
- -
7.56
6.12
- -
- -
- -
- -
- -
- -
Profit Margin (%)
3.91
4.59
2.15
2.35
3.23
-5.42
7.94
4.39
0.83
2.98
6.08
3.2
- -
- -
Working Capital
302
378
415
271
384
121
780
673
732
1,036
2,011
1,133
- -
- -
LT Debt
216
248
395
269
918
822
391
115
295
476
232
46
- -
- -
Total Equity
1,247
1,316
1,329
1,415
1,497
1,713
1,930
2,040
1,991
2,160
3,949
4,280
- -
- -
Return on Invested Capital (%)
3.24
4.1
1.78
1.51
5.39
- -
11.6
6
- -
- -
- -
- -
- -
- -
Return on Capital (%)
5.35
5.75
3.28
3.87
6.13
- -
12.73
7.31
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
6.5
7.31
3.68
4.55
9.4
-14.16
19.7
9.41
1.99
8.6
11.82
6.15
- -
- -

Capital Structure

CNY

•

in mil. unless spec.
Mar'25
Jun'25
Dec'25
ST Debt
3,248
3,460
- -
LT Borrowings
- -
10
- -
LT Finance Leases
44
44
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
562
562
562
Market Capitalization
9,663
8,977
7,960

Working Capital

CNY

•

in mil. unless spec.
Mar'25
Jun'25
Dec'25
Total Current Assets
6,858
7,367
- -
Cash, Cash Equivalents & STI
2,806
2,675
- -
Accounts Receivable, Net
1,600
1,949
- -
Inventories
1,187
1,333
- -
Total Current Liabilities
5,497
6,017
- -
Payables & Accruals
- -
- -
- -
ST Debt
3,248
3,460
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,269
1,768
2,662
2,203
7,901
2025
1,735
2,143
- -
- -
- -
2026
- -
1,739
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.14
0.25
0.02
0.46
2025
0.06
0.06
- -
- -
- -
2026
- -
-0.09
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.02
0.03
0.04
0.1
2025
0.03
0.03
- -
- -
- -
2026
- -
0.06
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hong Da Lu
Full Time Employees
13,307
Sector
Consumer durables
Industry
Electronics/Appliances
Address
No. 8 Jinghu Road Guangzhou GD China 510800
IPO Date
May 23, 2005
Website
ggec.com.cn
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Business
Guoguang Electric Company Limited Guoguang Electric Company Limited engages principally in the design, manufacture and sale of audio and electroacoustic components as well as lithium battery products in Mainland China, Europe, the United States, Hong Kong, Japan, Vietnam and internationally. Founded in 1951 and headquartered in Guangzhou, China, the company listed on the Shenzhen Stock Exchange in 2005 and operates through its electronic components segment alongside others including property rental; it maintains subsidiaries such as GGEC Hong Kong Limited, GGEC America Inc and GGEC Vietnam Company Limited. Its core audio and electroacoustic offerings encompass transducer units, speaker systems, Bluetooth speakers, Wi-Fi speakers, soundbars, smart speakers, TWS earphones, traditional headsets, computer peripheral audio products, VR/AR acoustic modules, automotive acoustic modules, car speakers and amplifiers, professional speakers including tweeters, subwoofers, high-power active speakers and POE speakers, musical instrument audio, digital power amplifiers and microphones; lithium battery products target wireless earphones, wearable devices, smart speakers, electronic cigarettes and drones. The company leverages expertise in DSP, electronic hardware, simulation software, Wi-Fi and Bluetooth technologies with a focus on acoustics, serving consumer electronics firms and large model customers in intelligent terminals while holding the chairman position at the China Audio Industry Association. Recent developments include plans for AI glasses and AI headsets production lines in 2025 based on customer orders, a $40 million factory investment by its Vietnam subsidiary in Quang Nam Province in 2024 to support expansion, a shareholder proposal received in May 2025, half-year earnings reported for the period ended June 30, 2025 in August 2025, and first-quarter 2025 results alongside ongoing focus on smart hardware like VR/AR products.