China Tianying Inc
China Tianying Inc. engages in urban environmental service and energy businesses in China and internationally. The company offers design research services, such as industry research, planning construction, engineering design, emerging technologies, and monitoring and analysis services; and waste classification and collection, urban cleaning, and recyclables collection. It also provides disposal a… Read more
China Tianying Inc (000035) - Net Assets
Latest net assets as of September 2025: CN¥11.14 Billion CNY
Based on the latest financial reports, China Tianying Inc (000035) has net assets worth CN¥11.14 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥32.41 Billion) and total liabilities (CN¥21.26 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥11.14 Billion |
| % of Total Assets | 34.38% |
| Annual Growth Rate | 15.06% |
| 5-Year Change | -12.5% |
| 10-Year Change | 490.83% |
| Growth Volatility | 2635.69 |
China Tianying Inc - Net Assets Trend (1992–2024)
This chart illustrates how China Tianying Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for China Tianying Inc (1992–2024)
The table below shows the annual net assets of China Tianying Inc from 1992 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥10.93 Billion | +0.89% |
| 2023-12-31 | CN¥10.84 Billion | +3.82% |
| 2022-12-31 | CN¥10.44 Billion | -6.40% |
| 2021-12-31 | CN¥11.15 Billion | -10.75% |
| 2020-12-31 | CN¥12.49 Billion | +6.76% |
| 2019-12-31 | CN¥11.70 Billion | +255.24% |
| 2018-12-31 | CN¥3.29 Billion | +8.07% |
| 2017-12-31 | CN¥3.05 Billion | +47.80% |
| 2016-12-31 | CN¥2.06 Billion | +11.46% |
| 2015-12-31 | CN¥1.85 Billion | +14.07% |
| 2014-12-31 | CN¥1.62 Billion | +12903.51% |
| 2013-12-31 | CN¥12.47 Million | +100.67% |
| 2012-12-31 | CN¥-1.86 Billion | -51.82% |
| 2011-12-31 | CN¥-1.22 Billion | -1.82% |
| 2010-12-31 | CN¥-1.20 Billion | +3.75% |
| 2009-12-31 | CN¥-1.25 Billion | -1.46% |
| 2008-12-31 | CN¥-1.23 Billion | -0.82% |
| 2007-12-31 | CN¥-1.22 Billion | +9.85% |
| 2006-12-31 | CN¥-1.35 Billion | +6.36% |
| 2005-12-31 | CN¥-1.45 Billion | -15.34% |
| 2004-12-31 | CN¥-1.25 Billion | -557.34% |
| 2003-12-31 | CN¥274.21 Million | +15.18% |
| 2002-12-31 | CN¥238.07 Million | +17.82% |
| 2001-12-31 | CN¥202.06 Million | -7.63% |
| 2000-12-31 | CN¥218.75 Million | -10.73% |
| 1999-12-31 | CN¥245.05 Million | -4.56% |
| 1998-12-31 | CN¥256.76 Million | +8.64% |
| 1997-12-31 | CN¥236.34 Million | +8.84% |
| 1996-12-31 | CN¥217.15 Million | -20.07% |
| 1995-12-31 | CN¥271.69 Million | +23.25% |
| 1994-12-31 | CN¥220.44 Million | -0.13% |
| 1993-12-31 | CN¥220.73 Million | +79.81% |
| 1992-12-31 | CN¥122.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Tianying Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 345089547900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.45 Billion | 32.09% |
| Common Stock | CN¥356.18 Million | 3.31% |
| Other Comprehensive Income | CN¥-420.50 Million | -3.91% |
| Other Components | CN¥7.37 Billion | 68.51% |
| Total Equity | CN¥10.75 Billion | 100.00% |
China Tianying Inc Competitors by Market Cap
The table below lists competitors of China Tianying Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangxi Jovo Energy Co. Ltd
SHG:605090
|
$1.65 Billion |
|
Vidrala SA
MC:VID
|
$1.65 Billion |
|
Almonty Industries Inc. Common Shares
NASDAQ:ALM
|
$1.65 Billion |
|
Investment AB Latour (publ)
OTCGREY:IVTBF
|
$1.66 Billion |
|
SJW Group Common Stock
NYSE:SJW
|
$1.65 Billion |
|
Sarepta Therapeutics Inc
NASDAQ:SRPT
|
$1.65 Billion |
|
NCsoft Corp
KO:036570
|
$1.65 Billion |
|
TGS NOPEC Geophysical Company ASA
OL:TGS
|
$1.65 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Tianying Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,650,951,399 to 10,753,821,805, a change of 102,870,406 (1.0%).
- Net income of 279,979,312 contributed positively to equity growth.
- Dividend payments of 532,062,116 reduced retained earnings.
- Other comprehensive income decreased equity by 78,509,852.
- Other factors increased equity by 433,463,062.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥279.98 Million | +2.6% |
| Dividends Paid | CN¥532.06 Million | -4.95% |
| Other Comprehensive Income | CN¥-78.51 Million | -0.73% |
| Other Changes | CN¥433.46 Million | +4.03% |
| Total Change | CN¥- | 0.97% |
Book Value vs Market Value Analysis
This analysis compares China Tianying Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.67x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 33.34x to 1.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-12-31 | CN¥0.23 | CN¥7.68 | x |
| 1993-12-31 | CN¥0.47 | CN¥7.68 | x |
| 1994-12-31 | CN¥0.46 | CN¥7.68 | x |
| 1995-12-31 | CN¥0.58 | CN¥7.68 | x |
| 1996-12-31 | CN¥0.46 | CN¥7.68 | x |
| 1997-12-31 | CN¥0.51 | CN¥7.68 | x |
| 1998-12-31 | CN¥0.57 | CN¥7.68 | x |
| 1999-12-31 | CN¥0.65 | CN¥7.68 | x |
| 2000-12-31 | CN¥0.57 | CN¥7.68 | x |
| 2001-12-31 | CN¥0.53 | CN¥7.68 | x |
| 2002-12-31 | CN¥0.61 | CN¥7.68 | x |
| 2003-12-31 | CN¥0.71 | CN¥7.68 | x |
| 2004-12-31 | CN¥-3.33 | CN¥7.68 | x |
| 2005-12-31 | CN¥-3.84 | CN¥7.68 | x |
| 2006-12-31 | CN¥-3.57 | CN¥7.68 | x |
| 2007-12-31 | CN¥-3.23 | CN¥7.68 | x |
| 2008-12-31 | CN¥-3.26 | CN¥7.68 | x |
| 2009-12-31 | CN¥-3.31 | CN¥7.68 | x |
| 2010-12-31 | CN¥-3.16 | CN¥7.68 | x |
| 2011-12-31 | CN¥-3.36 | CN¥7.68 | x |
| 2012-12-31 | CN¥-4.92 | CN¥7.68 | x |
| 2013-12-31 | CN¥0.02 | CN¥7.68 | x |
| 2014-12-31 | CN¥1.62 | CN¥7.68 | x |
| 2015-12-31 | CN¥1.49 | CN¥7.68 | x |
| 2016-12-31 | CN¥1.66 | CN¥7.68 | x |
| 2017-12-31 | CN¥2.35 | CN¥7.68 | x |
| 2018-12-31 | CN¥2.40 | CN¥7.68 | x |
| 2019-12-31 | CN¥4.28 | CN¥7.68 | x |
| 2020-12-31 | CN¥4.63 | CN¥7.68 | x |
| 2021-12-31 | CN¥4.38 | CN¥7.68 | x |
| 2022-12-31 | CN¥4.31 | CN¥7.68 | x |
| 2023-12-31 | CN¥4.42 | CN¥7.68 | x |
| 2024-12-31 | CN¥4.61 | CN¥7.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Tianying Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.94%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 2.73x
- Recent ROE (2.60%) is below the historical average (25.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 43.27% | 24.72% | 0.55x | 3.16x | CN¥28.83 Million |
| 1993 | 9.70% | 10.40% | 0.38x | 2.45x | CN¥-526.77K |
| 1994 | 8.74% | 13.79% | 0.25x | 2.49x | CN¥-2.19 Million |
| 1995 | -5.30% | -15.46% | 0.16x | 2.13x | CN¥-33.53 Million |
| 1996 | -27.99% | -78.59% | 0.14x | 2.58x | CN¥-65.19 Million |
| 1997 | 10.19% | 7.93% | 0.50x | 2.55x | CN¥353.77K |
| 1998 | 9.42% | 7.90% | 0.47x | 2.53x | CN¥-1.23 Million |
| 1999 | -4.28% | -1.71% | 1.26x | 2.00x | CN¥-35.00 Million |
| 2000 | 10.55% | 2.59% | 1.03x | 3.97x | CN¥1.17 Million |
| 2001 | 18.80% | 2.59% | 1.08x | 6.73x | CN¥17.54 Million |
| 2002 | 25.04% | 1.84% | 2.04x | 6.66x | CN¥34.59 Million |
| 2003 | 15.09% | 1.48% | 1.50x | 6.81x | CN¥13.51 Million |
| 2004 | 0.00% | -89.58% | 3.62x | 0.00x | CN¥-1.42 Billion |
| 2005 | 0.00% | -170.53% | 0.18x | 0.00x | CN¥7.38 Million |
| 2006 | 0.00% | 119.01% | 0.05x | 0.00x | CN¥165.56 Million |
| 2007 | 0.00% | 1116.26% | 0.02x | 0.00x | CN¥240.07 Million |
| 2008 | 0.00% | -119.80% | 0.02x | 0.00x | CN¥113.12 Million |
| 2009 | 0.00% | -317.93% | 0.01x | 0.00x | CN¥106.93 Million |
| 2010 | 0.00% | 885.23% | 0.01x | 0.00x | CN¥166.79 Million |
| 2011 | 0.00% | -418.15% | 0.01x | 0.00x | CN¥100.38 Million |
| 2012 | 0.00% | -663.28% | 0.31x | 0.00x | CN¥-450.25 Million |
| 2013 | 654.55% | 32.69% | 23.92x | 0.84x | CN¥80.41 Million |
| 2014 | 10.79% | 31.77% | 0.17x | 2.02x | CN¥12.80 Million |
| 2015 | 12.33% | 27.65% | 0.19x | 2.38x | CN¥43.16 Million |
| 2016 | 10.27% | 21.59% | 0.16x | 2.91x | CN¥5.48 Million |
| 2017 | 7.36% | 13.79% | 0.20x | 2.69x | CN¥-79.75 Million |
| 2018 | 6.68% | 11.72% | 0.21x | 2.72x | CN¥-107.43 Million |
| 2019 | 6.60% | 3.84% | 0.39x | 4.38x | CN¥-367.29 Million |
| 2020 | 5.59% | 2.99% | 0.43x | 4.31x | CN¥-515.76 Million |
| 2021 | 6.67% | 3.54% | 0.84x | 2.24x | CN¥-364.52 Million |
| 2022 | 1.20% | 1.84% | 0.25x | 2.57x | CN¥-905.63 Million |
| 2023 | 3.17% | 6.34% | 0.19x | 2.64x | CN¥-727.80 Million |
| 2024 | 2.60% | 4.94% | 0.19x | 2.73x | CN¥-795.40 Million |
Industry Comparison
This section compares China Tianying Inc's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $1,358,017,563
- Average return on equity (ROE) among peers: 14.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Tianying Inc (000035) | CN¥11.14 Billion | 43.27% | 1.91x | $1.65 Billion |
| HeiLongJiang Kingland Technology Co Ltd (000711) | $2.99 Billion | 0.40% | 0.36x | $1.02 Billion |
| BECE Legend Group Co Ltd (000803) | $105.39 Million | 5.77% | 1.15x | $440.33 Million |
| Tus-Sound Environmental Resources Co Ltd (000826) | $287.34 Million | 9.00% | 0.41x | $390.57 Million |
| Wangneng Environment Co Ltd (002034) | $95.69 Million | 23.41% | 2.12x | $480.27 Million |
| Beijing Orient Landscape Co Ltd (002310) | $5.15 Billion | 17.26% | 1.33x | $2.05 Billion |
| Qiaoyin Environmental Tech Co Ltd (002973) | $1.93 Billion | 13.22% | 1.97x | $283.77 Million |
| Tongxing Environmental Protection (003027) | $159.92 Million | 7.49% | 0.83x | $184.18 Million |
| Beijing Originwater Technology (300070) | $163.87 Million | 43.09% | 0.45x | $1.16 Billion |
| Yonker Environmental Protect (300187) | $1.33 Billion | 8.47% | 0.73x | $236.44 Million |