TCL Corp (000100) - Net Assets

Latest as of June 2026: CN¥127.62 Billion CNY ≈ $18.67 Billion USD

Based on the latest financial reports, TCL Corp (000100) has net assets worth CN¥127.62 Billion CNY (≈ $18.67 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥365.14 Billion ≈ $53.43 Billion USD) and total liabilities (CN¥237.53 Billion ≈ $34.76 Billion USD). 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. Check TCL Corp PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥127.62 Billion
% of Total Assets	34.95%
Annual Growth Rate	17.02%
5-Year Change	13.23%
10-Year Change	196.18%
Growth Volatility	30.12

TCL Corp - Net Assets Trend (2000–2025)

This chart illustrates how TCL Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 000100 market cap overview.

Annual Net Assets for TCL Corp (2000–2025)

The table below shows the annual net assets of TCL Corp from 2000 to 2025. Also explore 000100 net asset momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	CN¥135.49 Billion ≈ $19.83 Billion	+2.10%
2024-12-31	CN¥132.70 Billion ≈ $19.42 Billion	-8.65%
2023-12-31	CN¥145.27 Billion ≈ $21.26 Billion	+9.93%
2022-12-31	CN¥132.14 Billion ≈ $19.34 Billion	+10.43%
2021-12-31	CN¥119.66 Billion ≈ $17.51 Billion	+32.87%
2020-12-31	CN¥90.06 Billion ≈ $13.18 Billion	+40.97%
2019-12-31	CN¥63.88 Billion ≈ $9.35 Billion	+4.56%
2018-12-31	CN¥61.10 Billion ≈ $8.94 Billion	+12.85%
2017-12-31	CN¥54.14 Billion ≈ $7.92 Billion	+18.35%
2016-12-31	CN¥45.75 Billion ≈ $6.69 Billion	+21.57%
2015-12-31	CN¥37.63 Billion ≈ $5.51 Billion	+40.09%
2014-12-31	CN¥26.86 Billion ≈ $3.93 Billion	+34.58%
2013-12-31	CN¥19.96 Billion ≈ $2.92 Billion	-1.36%
2012-12-31	CN¥20.23 Billion ≈ $2.96 Billion	+4.93%
2011-12-31	CN¥19.28 Billion ≈ $2.82 Billion	+6.58%
2010-12-31	CN¥18.09 Billion ≈ $2.65 Billion	+114.66%
2009-12-31	CN¥8.43 Billion ≈ $1.23 Billion	+35.69%
2008-12-31	CN¥6.21 Billion ≈ $908.93 Million	+9.92%
2007-12-31	CN¥5.65 Billion ≈ $826.90 Million	+20.83%
2006-12-31	CN¥4.68 Billion ≈ $684.34 Million	-39.44%
2005-12-31	CN¥7.72 Billion ≈ $1.13 Billion	-19.96%
2004-12-31	CN¥9.65 Billion ≈ $1.41 Billion	+85.73%
2003-12-31	CN¥5.20 Billion ≈ $760.24 Million	+17.84%
2002-12-31	CN¥4.41 Billion ≈ $645.12 Million	+33.59%
2001-12-31	CN¥3.30 Billion ≈ $482.90 Million	+24.00%
2000-12-31	CN¥2.66 Billion ≈ $389.43 Million	--

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 2504863400000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥24.91 Billion	40.55%
Common Stock	CN¥20.80 Billion	33.86%
Other Comprehensive Income	CN¥3.69 Billion	6.01%
Other Components	CN¥12.03 Billion	19.59%
Total Equity	CN¥61.43 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
Semtech Corporation NASDAQ:SMTC	$15.30 Billion
James Hardie Industries Plc AU:JHX	$15.31 Billion
China Three Gorges New Energy Group Co Ltd SHG:600905	$15.31 Billion
Inspur Electronic Info Industr SHE:000977	$15.33 Billion
LI AUTO INC. (SP.ADR)/2 F:L87A	$15.28 Billion
APA Corporation NASDAQ:APA	$15.26 Billion
VODACOM GROUP LTD. SP.ADR F:5VD0	$15.26 Billion
Kimco Realty Corporation NYSE:KIM	$15.23 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 2024 to 2025, total equity changed from 53,167,609,000 to 61,432,757,000, a change of 8,265,148,000 (15.5%).
Net income of 4,516,782,000 contributed positively to equity growth.
Dividend payments of 988,269,000 reduced retained earnings.
Other comprehensive income decreased equity by 7,777,000.
Other factors increased equity by 4,744,412,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥4.52 Billion	+7.35%
Dividends Paid	CN¥988.27 Million	-1.61%
Other Comprehensive Income	CN¥-7.78 Million	-0.01%
Other Changes	CN¥4.74 Billion	+7.72%
Total Change	CN¥-	15.55%

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: 1.52x
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 23.87x to 1.52x 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¥4.76	x
2001-12-31	CN¥0.31	CN¥4.76	x
2002-12-31	CN¥0.37	CN¥4.76	x
2003-12-31	CN¥0.44	CN¥4.76	x
2004-12-31	CN¥1.06	CN¥4.76	x
2005-12-31	CN¥0.95	CN¥4.76	x
2006-12-31	CN¥0.54	CN¥4.76	x
2007-12-31	CN¥0.61	CN¥4.76	x
2008-12-31	CN¥0.70	CN¥4.76	x
2009-12-31	CN¥0.85	CN¥4.76	x
2010-12-31	CN¥1.34	CN¥4.76	x
2011-12-31	CN¥1.21	CN¥4.76	x
2012-12-31	CN¥1.26	CN¥4.76	x
2013-12-31	CN¥1.52	CN¥4.76	x
2014-12-31	CN¥1.81	CN¥4.76	x
2015-12-31	CN¥1.84	CN¥4.76	x
2016-12-31	CN¥1.69	CN¥4.76	x
2017-12-31	CN¥2.21	CN¥4.76	x
2018-12-31	CN¥2.06	CN¥4.76	x
2019-12-31	CN¥2.02	CN¥4.76	x
2020-12-31	CN¥2.28	CN¥4.76	x
2021-12-31	CN¥2.86	CN¥4.76	x
2022-12-31	CN¥3.26	CN¥4.76	x
2023-12-31	CN¥2.82	CN¥4.76	x
2024-12-31	CN¥2.83	CN¥4.76	x
2025-12-31	CN¥3.13	CN¥4.76	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): 7.35%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.46%
• Asset Turnover: 0.49x
• Equity Multiplier: 6.14x
Recent ROE (7.35%) is below the historical average (8.04%), 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	7.06x	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	-60.90%	-3.82%	2.21x	7.22x	CN¥-2.17 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%	1.68%	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	11.29%	9.73%	0.18x	6.28x	CN¥395.96 Million
2019	8.69%	3.49%	0.46x	5.48x	CN¥-393.42 Million
2020	12.87%	5.71%	0.30x	7.56x	CN¥977.38 Million
2021	23.38%	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
2025	7.35%	2.46%	0.49x	6.14x	CN¥-1.63 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: $3,470,404,989
Average return on equity (ROE) among peers: 8.36%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
TCL Corp (000100)	CN¥127.62 Billion	23.07%	1.86x	$15.29 Billion
TCL Zhonghuan Renewable Energy Technology Co Ltd (002129)	$10.66 Billion	3.77%	1.16x	$5.24 Billion
TongFu Microelectronics Co Ltd (002156)	$11.02 Billion	8.68%	1.46x	$13.15 Billion
Tianshui Huatian Technology Co Ltd (002185)	$1.53 Billion	7.90%	0.67x	$8.19 Billion
NAURA Technology Group Co Ltd (002371)	$290.64 Million	16.98%	1.43x	$70.39 Billion
Jiangsu Yoke Technology Co Ltd (002409)	$1.25 Billion	6.30%	0.11x	$9.55 Billion
Guangdong Huafeng New Energy Technology Co Ltd (002806)	$200.76 Million	8.07%	1.02x	$485.66 Million
Zhejiang Mtcn Technology Co Ltd (003026)	$884.27 Million	14.85%	0.41x	$638.06 Million
Hubei Tech Semiconductors Co (300046)	$830.07 Million	4.84%	0.09x	$837.61 Million
Shanghai Sinyang Semiconductor (300236)	$4.57 Billion	3.85%	0.28x	$4.10 Billion

About TCL Corp

SHE:000100 China Semiconductor Equipment & Materials

Market Cap

$15.29 Billion

CN¥104.46 Billion CNY

Market Cap Rank

#1612 Global

#145 in China

Share Price

CN¥4.76

Change (1 day)

+0.63%

52-Week Range

CN¥4.05 - CN¥6.12

All Time High

CN¥8.71