China Tungsten and Hightech Materials Co Ltd
China Tungsten And Hightech Materials Co.,Ltd researches, develops, produces, sells, and trades in nonferrous metals in China. The company's products include cutting tools and tools, including solid cutting tools, CNC cutting tools, cutting CNC and traditional blades, and it tools; other cemented carbides, including bars, mining alloys, rolls, top hammers, special-shaped parts, precision parts, t… Read more
China Tungsten and Hightech Materials Co Ltd (000657) - Net Assets
Latest net assets as of September 2025: CN¥10.68 Billion CNY
Based on the latest financial reports, China Tungsten and Hightech Materials Co Ltd (000657) has net assets worth CN¥10.68 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¥20.78 Billion) and total liabilities (CN¥10.10 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¥10.68 Billion |
| % of Total Assets | 51.38% |
| Annual Growth Rate | 15.72% |
| 5-Year Change | 67.75% |
| 10-Year Change | 139.59% |
| Growth Volatility | 228.25 |
China Tungsten and Hightech Materials Co Ltd - Net Assets Trend (1993–2024)
This chart illustrates how China Tungsten and Hightech Materials Co Ltd'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 Tungsten and Hightech Materials Co Ltd (1993–2024)
The table below shows the annual net assets of China Tungsten and Hightech Materials Co Ltd from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥8.29 Billion | +27.51% |
| 2023-12-31 | CN¥6.50 Billion | +6.19% |
| 2022-12-31 | CN¥6.12 Billion | +8.66% |
| 2021-12-31 | CN¥5.63 Billion | +14.01% |
| 2020-12-31 | CN¥4.94 Billion | +27.71% |
| 2019-12-31 | CN¥3.87 Billion | +2.50% |
| 2018-12-31 | CN¥3.78 Billion | +0.66% |
| 2017-12-31 | CN¥3.75 Billion | +4.49% |
| 2016-12-31 | CN¥3.59 Billion | +3.74% |
| 2015-12-31 | CN¥3.46 Billion | -11.75% |
| 2014-12-31 | CN¥3.92 Billion | -0.08% |
| 2013-12-31 | CN¥3.92 Billion | +1292.04% |
| 2012-12-31 | CN¥281.87 Million | -15.34% |
| 2011-12-31 | CN¥332.93 Million | +1.41% |
| 2010-12-31 | CN¥328.31 Million | +2.39% |
| 2009-12-31 | CN¥320.65 Million | -3.19% |
| 2008-12-31 | CN¥331.21 Million | -10.64% |
| 2007-12-31 | CN¥370.66 Million | -39.71% |
| 2006-12-31 | CN¥614.81 Million | -16.35% |
| 2005-12-31 | CN¥734.95 Million | +0.14% |
| 2004-12-31 | CN¥733.92 Million | +24.27% |
| 2003-12-31 | CN¥590.59 Million | +6.67% |
| 2002-12-31 | CN¥553.65 Million | +6.22% |
| 2001-12-31 | CN¥521.24 Million | +0.63% |
| 2000-12-31 | CN¥517.98 Million | +7.30% |
| 1999-12-31 | CN¥482.72 Million | +58.91% |
| 1998-12-31 | CN¥303.76 Million | +21.97% |
| 1997-12-31 | CN¥249.05 Million | +10.61% |
| 1996-12-31 | CN¥225.17 Million | +126.13% |
| 1995-12-31 | CN¥99.58 Million | +9.37% |
| 1994-12-31 | CN¥91.05 Million | +1.52% |
| 1993-12-31 | CN¥89.69 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Tungsten and Hightech Materials Co Ltd'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 230620792900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.31 Billion | 30.56% |
| Common Stock | CN¥1.40 Billion | 18.51% |
| Other Comprehensive Income | CN¥1.98 Billion | 26.21% |
| Other Components | CN¥1.87 Billion | 24.72% |
| Total Equity | CN¥7.55 Billion | 100.00% |
China Tungsten and Hightech Materials Co Ltd Competitors by Market Cap
The table below lists competitors of China Tungsten and Hightech Materials Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guardant Health Inc
NASDAQ:GH
|
$11.02 Billion |
|
Globe Life Inc
NYSE:GL
|
$11.03 Billion |
|
BridgeBio Pharma Inc
NASDAQ:BBIO
|
$11.03 Billion |
|
ABN AMRO Bank N.V
PINK:AAVMY
|
$11.03 Billion |
|
Guangdong Songfa Ceramics Co
SHG:603268
|
$11.01 Billion |
|
BCEIF
PINK:BCEIF
|
$11.01 Billion |
|
The New York Times Company
F:NYT
|
$11.01 Billion |
|
Ryanair Holdings PLC
PINK:RYAOF
|
$11.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Tungsten and Hightech Materials Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,771,503,251 to 7,546,742,236, a change of 1,775,238,985 (30.8%).
- Net income of 939,452,552 contributed positively to equity growth.
- Dividend payments of 273,549,355 reduced retained earnings.
- Other comprehensive income increased equity by 2,059,613,175.
- Other factors decreased equity by 950,277,387.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥939.45 Million | +12.45% |
| Dividends Paid | CN¥273.55 Million | -3.62% |
| Other Comprehensive Income | CN¥2.06 Billion | +27.29% |
| Other Changes | CN¥-950.28 Million | -12.59% |
| Total Change | CN¥- | 30.76% |
Book Value vs Market Value Analysis
This analysis compares China Tungsten and Hightech Materials Co Ltd'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: 14.81x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 174.24x to 14.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | CN¥0.31 | CN¥53.55 | x |
| 1996-12-31 | CN¥0.71 | CN¥53.55 | x |
| 1997-12-31 | CN¥0.79 | CN¥53.55 | x |
| 1998-12-31 | CN¥0.96 | CN¥53.55 | x |
| 1999-12-31 | CN¥1.55 | CN¥53.55 | x |
| 2000-12-31 | CN¥1.66 | CN¥53.55 | x |
| 2001-12-31 | CN¥1.68 | CN¥53.55 | x |
| 2002-12-31 | CN¥1.79 | CN¥53.55 | x |
| 2003-12-31 | CN¥1.89 | CN¥53.55 | x |
| 2004-12-31 | CN¥1.95 | CN¥53.55 | x |
| 2005-12-31 | CN¥1.96 | CN¥53.55 | x |
| 2006-12-31 | CN¥1.30 | CN¥53.55 | x |
| 2007-12-31 | CN¥0.82 | CN¥53.55 | x |
| 2008-12-31 | CN¥0.81 | CN¥53.55 | x |
| 2009-12-31 | CN¥0.78 | CN¥53.55 | x |
| 2010-12-31 | CN¥0.80 | CN¥53.55 | x |
| 2011-12-31 | CN¥0.82 | CN¥53.55 | x |
| 2012-12-31 | CN¥0.29 | CN¥53.55 | x |
| 2013-12-31 | CN¥3.63 | CN¥53.55 | x |
| 2014-12-31 | CN¥3.04 | CN¥53.55 | x |
| 2015-12-31 | CN¥2.58 | CN¥53.55 | x |
| 2016-12-31 | CN¥2.66 | CN¥53.55 | x |
| 2017-12-31 | CN¥2.77 | CN¥53.55 | x |
| 2018-12-31 | CN¥2.78 | CN¥53.55 | x |
| 2019-12-31 | CN¥2.88 | CN¥53.55 | x |
| 2020-12-31 | CN¥3.44 | CN¥53.55 | x |
| 2021-12-31 | CN¥3.52 | CN¥53.55 | x |
| 2022-12-31 | CN¥3.85 | CN¥53.55 | x |
| 2023-12-31 | CN¥4.13 | CN¥53.55 | x |
| 2024-12-31 | CN¥3.61 | CN¥53.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Tungsten and Hightech Materials Co Ltd 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): 12.45%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.37%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 2.31x
- Recent ROE (12.45%) is above the historical average (4.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 16.95% | 11.14% | 0.72x | 2.12x | CN¥6.62 Million |
| 1996 | 11.80% | 18.07% | 0.40x | 1.62x | CN¥3.99 Million |
| 1997 | 10.32% | 23.51% | 0.26x | 1.70x | CN¥778.48K |
| 1998 | 12.88% | 19.57% | 0.38x | 1.72x | CN¥8.61 Million |
| 1999 | 10.79% | 6.43% | 0.91x | 1.84x | CN¥3.81 Million |
| 2000 | 6.93% | 3.57% | 1.08x | 1.80x | CN¥-15.83 Million |
| 2001 | 6.12% | 2.72% | 1.15x | 1.95x | CN¥-20.20 Million |
| 2002 | 6.28% | 2.85% | 1.22x | 1.80x | CN¥-20.62 Million |
| 2003 | 5.66% | 2.72% | 1.13x | 1.84x | CN¥-25.41 Million |
| 2004 | 3.46% | 2.06% | 0.77x | 2.18x | CN¥-39.56 Million |
| 2005 | 0.56% | 0.32% | 0.83x | 2.12x | CN¥-57.44 Million |
| 2006 | -16.91% | -6.63% | 1.26x | 2.02x | CN¥-142.57 Million |
| 2007 | -54.96% | -11.94% | 1.71x | 2.69x | CN¥-214.69 Million |
| 2008 | -3.11% | -0.92% | 2.53x | 1.35x | CN¥-43.44 Million |
| 2009 | -3.29% | -1.32% | 1.74x | 1.43x | CN¥-42.63 Million |
| 2010 | 2.33% | 0.66% | 3.09x | 1.14x | CN¥-25.17 Million |
| 2011 | 1.39% | 0.32% | 3.68x | 1.18x | CN¥-28.67 Million |
| 2012 | 54.97% | 1.83% | 22.93x | 1.31x | CN¥126.76 Million |
| 2013 | 4.55% | 1.41% | 1.17x | 2.76x | CN¥-189.99 Million |
| 2014 | 0.63% | 0.26% | 1.07x | 2.25x | CN¥-326.15 Million |
| 2015 | -17.45% | -8.81% | 0.86x | 2.31x | CN¥-811.50 Million |
| 2016 | 0.44% | 0.26% | 0.76x | 2.26x | CN¥-291.00 Million |
| 2017 | 4.25% | 2.01% | 0.90x | 2.34x | CN¥-182.32 Million |
| 2018 | 4.27% | 1.66% | 1.10x | 2.34x | CN¥-182.32 Million |
| 2019 | 3.76% | 1.41% | 1.20x | 2.22x | CN¥-206.06 Million |
| 2020 | 5.14% | 2.23% | 1.08x | 2.14x | CN¥-209.12 Million |
| 2021 | 10.74% | 4.36% | 1.23x | 2.00x | CN¥36.31 Million |
| 2022 | 9.92% | 4.09% | 1.12x | 2.17x | CN¥-4.11 Million |
| 2023 | 13.86% | 5.85% | 1.05x | 2.25x | CN¥222.60 Million |
| 2024 | 12.45% | 6.37% | 0.85x | 2.31x | CN¥184.78 Million |
Industry Comparison
This section compares China Tungsten and Hightech Materials Co Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $3,874,597,871
- Average return on equity (ROE) among peers: -3.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Tungsten and Hightech Materials Co Ltd (000657) | CN¥10.68 Billion | 16.95% | 0.95x | $11.02 Billion |
| Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060) | $12.84 Billion | 7.75% | 0.90x | $2.31 Billion |
| Shengda Mining Co Ltd (000603) | $137.02 Million | -70.66% | 1.02x | $2.08 Billion |
| Pangang Group Vanadium Titanium & Resources Co Ltd (000629) | $8.87 Billion | 10.35% | 1.29x | $2.61 Billion |
| Guocheng Mining Co Ltd (000688) | $1.04 Billion | 2.34% | 0.72x | $1.64 Billion |
| Huludao Zinc Industry Co Ltd (000751) | $-3.38 Billion | 0.00% | 0.00x | $885.40 Million |
| China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (000758) | $8.99 Billion | 0.24% | 1.46x | $1.24 Billion |
| Tibet Mineral Development Co Ltd (000762) | $2.60 Billion | 5.40% | 0.11x | $1.57 Billion |
| Innuovo Technology Co Ltd Class A (000795) | $2.00 Billion | 1.73% | 0.26x | $694.51 Million |
| Yunnan Tin Co Ltd (000960) | $1.77 Billion | 11.99% | 1.41x | $4.62 Billion |