TCL Corp

SHE:000100 China Semiconductor Equipment & Materials
Market Cap
$12.96 Billion
CN¥95.06 Billion CNY
Market Cap Rank
#1569 Global
#74 in China
Share Price
CN¥4.57
Change (1 day)
-1.93%
52-Week Range
CN¥3.85 - CN¥5.10
All Time High
CN¥8.71
Categories
Companies in China Semiconductor Equipment & Materials Technology AI & Machine Learning
About

TCL Technology Group Corporation, together with its subsidiaries, engages in the semiconductors business in China and internationally. The company operates through four segments: Display Business, New Energy Photovoltaic and Other Silicon Materials Business, Distribution Business, and the Other Businesses. The Display Business segment engages in the research and development, manufacture, and sale… Read more

TCL Corp (000100) - Net Assets

Latest net assets as of September 2025: CN¥123.72 Billion CNY

Based on the latest financial reports, TCL Corp (000100) has net assets worth CN¥123.72 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¥381.65 Billion) and total liabilities (CN¥257.93 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¥123.72 Billion
% of Total Assets 32.42%
Annual Growth Rate 17.69%
5-Year Change 47.36%
10-Year Change 252.66%
Growth Volatility 30.49

TCL Corp - Net Assets Trend (2000–2024)

This chart illustrates how TCL Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for TCL Corp (2000–2024)

The table below shows the annual net assets of TCL Corp from 2000 to 2024.

Year Net Assets Change
2024-12-31 CN¥132.70 Billion -8.65%
2023-12-31 CN¥145.27 Billion +9.93%
2022-12-31 CN¥132.14 Billion +10.44%
2021-12-31 CN¥119.65 Billion +32.85%
2020-12-31 CN¥90.06 Billion +40.97%
2019-12-31 CN¥63.88 Billion +4.95%
2018-12-31 CN¥60.87 Billion +12.43%
2017-12-31 CN¥54.14 Billion +18.35%
2016-12-31 CN¥45.75 Billion +21.57%
2015-12-31 CN¥37.63 Billion +40.09%
2014-12-31 CN¥26.86 Billion +34.58%
2013-12-31 CN¥19.96 Billion -1.36%
2012-12-31 CN¥20.23 Billion +4.93%
2011-12-31 CN¥19.28 Billion +6.58%
2010-12-31 CN¥18.09 Billion +114.66%
2009-12-31 CN¥8.43 Billion +35.69%
2008-12-31 CN¥6.21 Billion +9.92%
2007-12-31 CN¥5.65 Billion +20.73%
2006-12-31 CN¥4.68 Billion -39.39%
2005-12-31 CN¥7.72 Billion -19.96%
2004-12-31 CN¥9.65 Billion +85.73%
2003-12-31 CN¥5.20 Billion +17.84%
2002-12-31 CN¥4.41 Billion +33.59%
2001-12-31 CN¥3.30 Billion +24.00%
2000-12-31 CN¥2.66 Billion --

Equity Component Analysis

This analysis shows how different components contribute to TCL Corp'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 2164251900000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥21.50 Billion 40.45%
Common Stock CN¥18.78 Billion 35.32%
Other Comprehensive Income CN¥3.70 Billion 6.95%
Other Components CN¥9.19 Billion 17.28%
Total Equity CN¥53.17 Billion 100.00%

TCL Corp Competitors by Market Cap

The table below lists competitors of TCL Corp ranked by their market capitalization.

Company Market Cap
COSCO SHIPPING Holdings Co. Ltd
PINK:CICOF
 		$11.00 Billion
Segro Plc
PINK:SEGXF
 		$11.01 Billion
Gartner Inc
NYSE:IT
 		$11.01 Billion
Ryanair Holdings PLC
PINK:RYAOF
 		$11.01 Billion
Marks & Spencer Group Plc
OTCQX:MAKSY
 		$10.99 Billion
Stanley Black & Decker Inc
NYSE:SWK
 		$10.98 Billion
Axa Equitable Holdings Inc
NYSE:EQH
 		$10.98 Billion
Pinterest Inc
NYSE:PINS
 		$10.98 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in TCL Corp's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 52,921,866,000 to 53,167,609,000, a change of 245,743,000 (0.5%).
  • Net income of 1,564,112,000 contributed positively to equity growth.
  • Dividend payments of 6,882,538,000 reduced retained earnings.
  • Other comprehensive income increased equity by 485,956,000.
  • Other factors increased equity by 5,078,213,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.56 Billion +2.94%
Dividends Paid CN¥6.88 Billion -12.94%
Other Comprehensive Income CN¥485.96 Million +0.91%
Other Changes CN¥5.08 Billion +9.55%
Total Change CN¥- 0.46%

Book Value vs Market Value Analysis

This analysis compares TCL Corp'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: 1.61x
  • 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 22.91x to 1.61x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2000-12-31 CN¥0.20 CN¥4.57 x
2001-12-31 CN¥0.31 CN¥4.57 x
2002-12-31 CN¥0.37 CN¥4.57 x
2003-12-31 CN¥0.44 CN¥4.57 x
2004-12-31 CN¥1.06 CN¥4.57 x
2005-12-31 CN¥0.95 CN¥4.57 x
2006-12-31 CN¥0.54 CN¥4.57 x
2007-12-31 CN¥0.61 CN¥4.57 x
2008-12-31 CN¥0.70 CN¥4.57 x
2009-12-31 CN¥0.85 CN¥4.57 x
2010-12-31 CN¥1.34 CN¥4.57 x
2011-12-31 CN¥1.21 CN¥4.57 x
2012-12-31 CN¥1.26 CN¥4.57 x
2013-12-31 CN¥1.52 CN¥4.57 x
2014-12-31 CN¥1.81 CN¥4.57 x
2015-12-31 CN¥1.84 CN¥4.57 x
2016-12-31 CN¥1.69 CN¥4.57 x
2017-12-31 CN¥2.21 CN¥4.57 x
2018-12-31 CN¥2.05 CN¥4.57 x
2019-12-31 CN¥2.02 CN¥4.57 x
2020-12-31 CN¥2.28 CN¥4.57 x
2021-12-31 CN¥2.86 CN¥4.57 x
2022-12-31 CN¥3.26 CN¥4.57 x
2023-12-31 CN¥2.82 CN¥4.57 x
2024-12-31 CN¥2.83 CN¥4.57 x

Capital Efficiency Dashboard

This dashboard shows how efficiently TCL Corp 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): 2.94%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.95%
  • • Asset Turnover: 0.44x
  • • Equity Multiplier: 7.11x
  • Recent ROE (2.94%) is below the historical average (8.10%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 23.07% 2.15% 1.20x 8.98x CN¥134.92 Million
2001 18.34% 2.29% 1.38x 5.80x CN¥132.78 Million
2002 22.35% 1.92% 1.52x 7.64x CN¥234.67 Million
2003 25.21% 2.02% 1.77x 7.04x CN¥344.24 Million
2004 4.49% 0.61% 1.31x 5.63x CN¥-300.73 Million
2005 -6.52% -0.62% 1.72x 6.12x CN¥-811.49 Million
2006 -60.12% -3.92% 2.13x 7.20x CN¥-2.15 Billion
2007 11.38% 1.01% 1.89x 5.94x CN¥48.12 Million
2008 12.58% 1.30% 1.66x 5.82x CN¥102.81 Million
2009 8.88% 1.06% 1.47x 5.71x CN¥-59.19 Million
2010 4.21% 0.83% 0.97x 5.21x CN¥-594.90 Million
2011 8.96% 1.67% 0.82x 6.55x CN¥-117.38 Million
2012 6.78% 1.15% 0.87x 6.79x CN¥-378.54 Million
2013 14.89% 2.47% 1.09x 5.51x CN¥692.24 Million
2014 17.50% 3.15% 1.09x 5.10x CN¥1.36 Billion
2015 10.60% 2.45% 0.94x 4.62x CN¥145.99 Million
2016 7.04% 1.50% 0.72x 6.46x CN¥-674.36 Million
2017 8.96% 2.38% 0.70x 5.39x CN¥-310.31 Million
2018 11.37% 9.73% 0.18x 6.32x CN¥418.77 Million
2019 8.69% 3.49% 0.46x 5.47x CN¥-393.43 Million
2020 12.87% 5.71% 0.30x 7.56x CN¥977.38 Million
2021 23.39% 6.15% 0.53x 7.17x CN¥5.76 Billion
2022 0.52% 0.16% 0.46x 7.10x CN¥-4.81 Billion
2023 4.19% 1.27% 0.46x 7.23x CN¥-3.08 Billion
2024 2.94% 0.95% 0.44x 7.11x CN¥-3.75 Billion

Industry Comparison

This section compares TCL Corp's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.

Industry Context

  • Industry: Semiconductor Equipment & Materials
  • Average net assets among peers: $8,174,366,280
  • Average return on equity (ROE) among peers: 9.32%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
TCL Corp (000100) CN¥123.72 Billion 23.07% 2.08x $11.00 Billion
Inner Mongolia Ojing Science & Technology Co. Ltd. A (001269) $470.47 Million 28.36% 1.12x $193.39 Million
TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) $47.06 Billion 14.49% 1.32x $3.68 Billion
TongFu Microelectronics Co Ltd (002156) $222.39 Million 16.98% 3.34x $6.97 Billion
Tianshui Huatian Technology Co Ltd (002185) $19.12 Billion 1.18% 0.76x $4.61 Billion
NAURA Technology Group Co Ltd (002371) $3.36 Billion 2.76% 0.94x $23.27 Billion
Jiangsu Yoke Technology Co Ltd (002409) $1.25 Billion 6.30% 0.11x $3.07 Billion
Guangdong Huafeng New Energy Technology Co Ltd (002806) $1.01 Billion 8.50% 1.05x $204.60 Million
Zhejiang Mtcn Technology Co Ltd (003026) $44.34 Million 1.04% 0.46x $308.98 Million
Hubei Tech Semiconductors Co (300046) $1.03 Billion 4.28% 0.07x $823.72 Million