OverviewSuggest Edit

GGEC (also known as Guoguang Electric) is an electronic component manufacturing company. It offers a range of speakers, drivers, audio systems and accessories, as well as pro products, such as pro audio and mobile audio products, transducers, wireless and customized solutions.
TypePublic
Founded1993
HQGuangzhou Shi, CN
Websiteggec.com

Latest Updates

Employees (est.) (Dec 2019)3,184(-8%)
Revenue (FY, 2019)¥4.4 B(+10%)
Share Price (Jan 2021)¥9.1 (+5%)
Cybersecurity ratingBMore

Key People/Management at GGEC

Lu Hongda

Lu Hongda

Chairman
Jia Lan

Jia Lan

Vice Chairman
Qing Xiao

Qing Xiao

Chief Financial Officer, Director
Weicheng He

Weicheng He

President, Director
Yamin Zheng

Yamin Zheng

Vice President, Director
Yunfa Zhou

Yunfa Zhou

Vice President
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GGEC Office Locations

GGEC has offices in Guangzhou Shi, Cupertino, Hong Kong, Ota City and in 1 other location
Guangzhou Shi, CN (HQ)
8 Jinghu N Ave, Huadu Qu
Hong Kong, HK
Unit 7-12, 6/F, Sterling Centre, 11 Cheung Yue St, Cheung Sha Wan
Ota City, JP
2-chōme-12-19 Yaguchi
Altrincham, GB
Station House, Stamford New Rd
Cupertino, CA, US
20450 Stevens Creek Blvd #220
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GGEC Financials and Metrics

GGEC Revenue

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GGEC's revenue was reported to be ¥4.45 b in FY, 2019 which is a 10% increase from the previous period.
CNY

Revenue (Q2, 2020)

758.8m

Gross profit (Q2, 2020)

124.8m

Gross profit margin (Q2, 2020), %

16.4%

Net income (Q2, 2020)

30.9m

Market capitalization (11-Jan-2021)

4.3b

Closing stock price (11-Jan-2021)

9.1

Cash (30-Jun-2020)

496.5m

EV

4.1b
GGEC's current market capitalization is ¥4.3 b.
Annual
CNYFY, 2017FY, 2018FY, 2019

Revenue

4.0b4.0b4.4b

Revenue growth, %

0%10%

Cost of goods sold

3.4b3.5b3.7b

Gross profit

634.5m494.0m760.8m
Quarterly
CNYQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

882.9m786.1m1.3b738.8m997.0m1.6b656.8m758.8m

Cost of goods sold

754.1m662.1m1.1b647.2m837.6m1.3b551.8m634.0m

Gross profit

128.8m124.0m155.8m91.6m159.4m281.6m104.9m124.8m

Gross profit Margin, %

15%16%12%12%16%18%16%16%
Annual
CNYFY, 2017FY, 2018FY, 2019

Cash

118.5m409.6m561.5m

Accounts Receivable

1.2b1.0b1.2b

Prepaid Expenses

28.4m61.7m36.3m

Inventories

602.2m531.4m524.0m
Quarterly
Annual
CNYFY, 2017FY, 2018FY, 2019

Net Income

128.0m(220.6m)349.7m

Depreciation and Amortization

88.5m113.4m114.3m

Inventories

(309.3m)(48.8m)22.1m

Accounts Payable

467.8m218.3m52.3m
Quarterly
CNYQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

13.3m180.4m37.1m

Depreciation and Amortization

54.2m57.1m58.7m

Inventories

(148.5m)75.6m123.6m

Accounts Payable

(584.6m)(188.9m)(410.2m)
CNYFY, 2017

Revenue/Employee

1.2m

Debt/Equity

0.8 x

Debt/Assets

0.3 x

Financial Leverage

2.8 x
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GGEC Operating Metrics

Aug, 2020

Land Owned, acres

200

Manufacturing Space, sq. m.

152.14 k
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GGEC Acquisitions / Subsidiaries

Company NameDateDeal Size
Acorn AudioJanuary 01, 2011
AV LightJanuary 01, 2008
Guangzhou AivinJanuary 01, 2008
MG AudioJanuary 01, 2008
GGEC AMERICA INC.
GGEC EUROPE LIMITED
Guangdong Guoguang Electronics Co., Ltd.
Guangzhou Guoguang Asset Management Co., Ltd.
Guangzhou Guoguang Electronic Technology Co., Ltd.
Guangzhou Guoguang International Trade Co., Ltd.
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GGEC Revenue Breakdown

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GGEC revenue breakdown by business segment: 98.5% from Electronic Components and 1.5% from Other

GGEC revenue breakdown by geographic segment: 39.6% from Mainland China, 26.3% from Europe, 20.7% from United States and 13.4% from Other

GGEC Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

GGEC Online and Social Media Presence

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GGEC News and Updates

126th Canton Fair Showcases Technological Breakthroughs, Encourages Self-Development in China

Chinese companies at the 126th China Import and Export Fair (Canton Fair or "the Fair"), showcased ethical products developed in the digital age. In line with the event's call for advanced research and development, brand incubation and promotion of intellectual property rights, the final products on…

Amazon recalls power banks due to fire, chemical burn hazards

Amazon.com Inc has recalled some of its portable chargers in the United States following reports of overheating and fire, the U.S. Consumer Product Safety Commission (CPSC) said on Tuesday.

GGEC Frequently Asked Questions

  • When was GGEC founded?

    GGEC was founded in 1993.

  • Who are GGEC key executives?

    GGEC's key executives are Lu Hongda, Jia Lan and Qing Xiao.

  • How many employees does GGEC have?

    GGEC has 3,184 employees.

  • What is GGEC revenue?

    Latest GGEC annual revenue is ¥4.4 b.

  • What is GGEC revenue per employee?

    Latest GGEC revenue per employee is ¥1.4 m.

  • Who are GGEC competitors?

    Competitors of GGEC include RCF, WAGO and Kitron.

  • Where is GGEC headquarters?

    GGEC headquarters is located at 8 Jinghu N Ave, Huadu Qu, Guangzhou Shi.

  • Where are GGEC offices?

    GGEC has offices in Guangzhou Shi, Cupertino, Hong Kong, Ota City and in 1 other location.

  • How many offices does GGEC have?

    GGEC has 5 offices.