China Tungsten and Hightech Materials Co Ltd (000657) - Net Assets

Latest as of March 2026: CN¥11.59 Billion CNY ≈ $1.70 Billion USD

Based on the latest financial reports, China Tungsten and Hightech Materials Co Ltd (000657) has net assets worth CN¥11.59 Billion CNY (≈ $1.70 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥28.53 Billion ≈ $4.17 Billion USD) and total liabilities (CN¥16.94 Billion ≈ $2.48 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 China Tungsten and Hightech Materials Co strategic capital allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥11.59 Billion
% of Total Assets 40.62%
Annual Growth Rate 16.07%
5-Year Change 87.35%
10-Year Change 200.92%
Growth Volatility 133.45

China Tungsten and Hightech Materials Co Ltd - Net Assets Trend (1993–2025)

This chart illustrates how China Tungsten and Hightech Materials Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 000657 market cap.

Annual Net Assets for China Tungsten and Hightech Materials Co Ltd (1993–2025)

The table below shows the annual net assets of China Tungsten and Hightech Materials Co Ltd from 1993 to 2025. Also explore net asset momentum of China Tungsten and Hightech Materials Co to track the company's year-over-year net asset growth rate.

Year Net Assets Change
2025-12-31 CN¥10.56 Billion
≈ $1.54 Billion		 +27.33%
2024-12-31 CN¥8.29 Billion
≈ $1.21 Billion		 +4.98%
2023-12-31 CN¥7.90 Billion
≈ $1.16 Billion		 +28.97%
2022-12-31 CN¥6.12 Billion
≈ $895.92 Million		 +8.67%
2021-12-31 CN¥5.63 Billion
≈ $824.45 Million		 +14.01%
2020-12-31 CN¥4.94 Billion
≈ $723.15 Million		 +21.28%
2019-12-31 CN¥4.07 Billion
≈ $596.27 Million		 +7.94%
2018-12-31 CN¥3.78 Billion
≈ $552.40 Million		 +0.66%
2017-12-31 CN¥3.75 Billion
≈ $548.78 Million		 +6.91%
2016-12-31 CN¥3.51 Billion
≈ $513.30 Million		 +1.38%
2015-12-31 CN¥3.46 Billion
≈ $506.30 Million		 -11.75%
2014-12-31 CN¥3.92 Billion
≈ $573.73 Million		 -0.08%
2013-12-31 CN¥3.92 Billion
≈ $574.17 Million		 +37.32%
2012-12-31 CN¥2.86 Billion
≈ $418.12 Million		 +758.25%
2011-12-31 CN¥332.93 Million
≈ $48.72 Million		 +1.41%
2010-12-31 CN¥328.31 Million
≈ $48.04 Million		 +2.39%
2009-12-31 CN¥320.65 Million
≈ $46.92 Million		 -3.19%
2008-12-31 CN¥331.21 Million
≈ $48.47 Million		 -10.64%
2007-12-31 CN¥370.66 Million
≈ $54.24 Million		 -37.82%
2006-12-31 CN¥596.15 Million
≈ $87.24 Million		 -18.89%
2005-12-31 CN¥734.95 Million
≈ $107.55 Million		 +0.11%
2004-12-31 CN¥734.12 Million
≈ $107.43 Million		 +25.22%
2003-12-31 CN¥586.25 Million
≈ $85.79 Million		 +5.89%
2002-12-31 CN¥553.65 Million
≈ $81.02 Million		 +6.49%
2001-12-31 CN¥519.91 Million
≈ $76.08 Million		 +2.90%
2000-12-31 CN¥505.24 Million
≈ $73.93 Million		 +4.95%
1999-12-31 CN¥481.40 Million
≈ $70.44 Million		 +111.35%
1998-12-31 CN¥227.78 Million
≈ $33.33 Million		 -8.54%
1997-12-31 CN¥249.05 Million
≈ $36.44 Million		 +10.61%
1996-12-31 CN¥225.17 Million
≈ $32.95 Million		 +126.13%
1995-12-31 CN¥99.58 Million
≈ $14.57 Million		 +9.37%
1994-12-31 CN¥91.05 Million
≈ $13.32 Million		 +1.52%
1993-12-31 CN¥89.69 Million
≈ $13.12 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 307726827900.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CN¥3.08 Billion 31.65%
Other Components CN¥6.64 Billion 68.35%
Total Equity CN¥9.72 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
Roku Inc
NASDAQ:ROKU
 $20.36 Billion
STERIS plc
NYSE:STE
 $20.36 Billion
Partners Group Holding AG
SW:PGHN
 $20.36 Billion
FUJIFILM HDGS CORP. ADR 1
F:FJIA
 $20.40 Billion
US Foods Holding Corp
NYSE:USFD
 $20.30 Billion
BOUYGUES UNSP.ADR 1/5/EO1
F:BYG0
 $20.29 Billion
Henkel AG & Co. KGaA
XETRA:HEN
 $20.28 Billion
Royal Gold Inc
NASDAQ:RGLD
 $20.28 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 2024 to 2025, total equity changed from 7,546,742,236 to 9,721,562,648, a change of 2,174,820,412 (28.8%).
  • Net income of 1,280,667,298 contributed positively to equity growth.
  • Dividend payments of 445,591,257 reduced retained earnings.
  • Other comprehensive income decreased equity by 1,978,147,173.
  • Other factors increased equity by 3,317,891,544.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CN¥1.28 Billion +13.17%
Dividends Paid CN¥445.59 Million -4.58%
Other Comprehensive Income CN¥-1.98 Billion -20.35%
Other Changes CN¥3.32 Billion +34.13%
Total Change CN¥- 28.82%

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: 14.27x
  • 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 198.15x to 14.27x 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¥60.90 x
1996-12-31 CN¥0.71 CN¥60.90 x
1997-12-31 CN¥0.79 CN¥60.90 x
1998-12-31 CN¥0.72 CN¥60.90 x
1999-12-31 CN¥1.54 CN¥60.90 x
2000-12-31 CN¥1.63 CN¥60.90 x
2001-12-31 CN¥1.67 CN¥60.90 x
2002-12-31 CN¥1.79 CN¥60.90 x
2003-12-31 CN¥1.87 CN¥60.90 x
2004-12-31 CN¥1.95 CN¥60.90 x
2005-12-31 CN¥1.96 CN¥60.90 x
2006-12-31 CN¥1.26 CN¥60.90 x
2007-12-31 CN¥0.82 CN¥60.90 x
2008-12-31 CN¥0.81 CN¥60.90 x
2009-12-31 CN¥0.78 CN¥60.90 x
2010-12-31 CN¥0.80 CN¥60.90 x
2011-12-31 CN¥0.82 CN¥60.90 x
2012-12-31 CN¥2.55 CN¥60.90 x
2013-12-31 CN¥3.63 CN¥60.90 x
2014-12-31 CN¥3.04 CN¥60.90 x
2015-12-31 CN¥2.58 CN¥60.90 x
2016-12-31 CN¥2.61 CN¥60.90 x
2017-12-31 CN¥2.77 CN¥60.90 x
2018-12-31 CN¥2.78 CN¥60.90 x
2019-12-31 CN¥3.04 CN¥60.90 x
2020-12-31 CN¥3.44 CN¥60.90 x
2021-12-31 CN¥3.52 CN¥60.90 x
2022-12-31 CN¥3.85 CN¥60.90 x
2023-12-31 CN¥5.10 CN¥60.90 x
2024-12-31 CN¥3.61 CN¥60.90 x
2025-12-31 CN¥4.27 CN¥60.90 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): 13.17%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 7.26%
  • • Asset Turnover: 0.82x
  • • Equity Multiplier: 2.21x
  • Recent ROE (13.17%) is above the historical average (2.92%), 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 17.20% 19.57% 0.44x 1.99x CN¥16.12 Million
1999 10.82% 6.43% 0.91x 1.85x CN¥3.95 Million
2000 7.10% 3.57% 1.10x 1.80x CN¥-14.62 Million
2001 6.13% 2.72% 1.15x 1.96x CN¥-20.06 Million
2002 6.28% 2.85% 1.22x 1.80x CN¥-20.62 Million
2003 5.70% 2.72% 1.13x 1.86x CN¥-24.98 Million
2004 3.46% 2.06% 0.77x 2.18x CN¥-39.58 Million
2005 0.56% 0.32% 0.83x 2.12x CN¥-57.44 Million
2006 -17.49% -6.63% 1.27x 2.08x CN¥-140.81 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 6.33% 1.83% 0.99x 3.49x CN¥-89.95 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 0.45% 0.26% 0.78x 2.24x CN¥-284.26 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 3.57% 1.41% 1.12x 2.26x CN¥-223.52 Million
2020 5.14% 2.23% 1.07x 2.16x 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¥-4.13 Million
2023 11.22% 5.85% 0.87x 2.20x CN¥86.78 Million
2024 12.45% 6.37% 0.85x 2.31x CN¥184.78 Million
2025 13.17% 7.26% 0.82x 2.21x CN¥308.51 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: $1,664,670,494
  • Average return on equity (ROE) among peers: 3.11%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
China Tungsten and Hightech Materials Co Ltd (000657) CN¥11.59 Billion 16.95% 1.46x $20.31 Billion
Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060) $1.22 Billion 4.93% 2.94x $3.81 Billion
Inner Mongolia Xingye Mining Co Ltd (000426) $1.24 Billion 4.31% 1.78x $8.98 Billion
Shengda Mining Co Ltd (000603) $2.62 Billion 11.07% 0.77x $3.31 Billion
Pangang Group Vanadium Titanium & Resources Co Ltd (000629) $3.82 Billion 10.88% 1.11x $3.89 Billion
Guocheng Mining Co Ltd (000688) $808.43 Million -34.14% 2.20x $4.52 Billion
Huludao Zinc Industry Co Ltd (000751) $2.87 Billion 9.57% 0.86x $1.09 Billion
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (000758) $1.18 Billion 11.86% 0.96x $1.72 Billion
Tibet Mineral Development Co Ltd (000762) $451.79 Million 1.19% 0.51x $1.65 Billion
Innuovo Technology Co Ltd Class A (000795) $781.04 Million 8.28% 1.34x $1.33 Billion

About China Tungsten and Hightech Materials Co Ltd

SHE:000657 China Other Industrial Metals & Mining
Market Cap
$20.31 Billion
CN¥138.77 Billion CNY
Market Cap Rank
#1269 Global
#92 in China
Share Price
CN¥60.90
Change (1 day)
-1.84%
52-Week Range
CN¥16.32 - CN¥108.33
All Time High
CN¥108.33
Categories
Companies in China Other Industrial Metals & Mining
About

China Tungsten And Hightech Materials Co.,Ltd researches, develops, produces, sells, and trades in nonferrous metals in China and internationally. The company's products include cutting tools and instruments, 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… Read more