China Tungsten and Hightech Materials Co Ltd (000657) - Net Assets
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. Also explore how large is China Tungsten and Hightech Materials Co's balance sheet for the complete picture of this company's asset base.
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. Check 000657 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
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. For live valuation and market cap data, see China Tungsten and Hightech Materials Co (000657) market capitalisation.
| 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 |
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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 |
|---|---|
|
Synnex Corporation
NYSE:SNX
|
$19.28 Billion |
|
Vantage Towers AG
HM:VTWR
|
$19.29 Billion |
|
MPI Corporation
TWO:6223
|
$19.29 Billion |
|
SNAM S.P.A. ADR 2
F:SNM0
|
$19.32 Billion |
|
Arca Continental S.A.B. de C.V
MX:AC
|
$19.19 Billion |
|
SUMITOMO MITSU.TR.H.ADR10
F:MIU0
|
$19.19 Billion |
|
HUATEI SECS.CO GDR S/10
F:206G
|
$19.14 Billion |
|
Jardine Matheson Holdings Limited
F:H4W
|
$19.11 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: 13.54x
- 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 187.90x to 13.54x 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¥57.75 | x |
| 1996-12-31 | CN¥0.71 | CN¥57.75 | x |
| 1997-12-31 | CN¥0.79 | CN¥57.75 | x |
| 1998-12-31 | CN¥0.72 | CN¥57.75 | x |
| 1999-12-31 | CN¥1.54 | CN¥57.75 | x |
| 2000-12-31 | CN¥1.63 | CN¥57.75 | x |
| 2001-12-31 | CN¥1.67 | CN¥57.75 | x |
| 2002-12-31 | CN¥1.79 | CN¥57.75 | x |
| 2003-12-31 | CN¥1.87 | CN¥57.75 | x |
| 2004-12-31 | CN¥1.95 | CN¥57.75 | x |
| 2005-12-31 | CN¥1.96 | CN¥57.75 | x |
| 2006-12-31 | CN¥1.26 | CN¥57.75 | x |
| 2007-12-31 | CN¥0.82 | CN¥57.75 | x |
| 2008-12-31 | CN¥0.81 | CN¥57.75 | x |
| 2009-12-31 | CN¥0.78 | CN¥57.75 | x |
| 2010-12-31 | CN¥0.80 | CN¥57.75 | x |
| 2011-12-31 | CN¥0.82 | CN¥57.75 | x |
| 2012-12-31 | CN¥2.55 | CN¥57.75 | x |
| 2013-12-31 | CN¥3.63 | CN¥57.75 | x |
| 2014-12-31 | CN¥3.04 | CN¥57.75 | x |
| 2015-12-31 | CN¥2.58 | CN¥57.75 | x |
| 2016-12-31 | CN¥2.61 | CN¥57.75 | x |
| 2017-12-31 | CN¥2.77 | CN¥57.75 | x |
| 2018-12-31 | CN¥2.78 | CN¥57.75 | x |
| 2019-12-31 | CN¥3.04 | CN¥57.75 | x |
| 2020-12-31 | CN¥3.44 | CN¥57.75 | x |
| 2021-12-31 | CN¥3.52 | CN¥57.75 | x |
| 2022-12-31 | CN¥3.85 | CN¥57.75 | x |
| 2023-12-31 | CN¥5.10 | CN¥57.75 | x |
| 2024-12-31 | CN¥3.61 | CN¥57.75 | x |
| 2025-12-31 | CN¥4.27 | CN¥57.75 | 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: $3,370,893,567
- Average return on equity (ROE) among peers: 1.14%
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 | $19.26 Billion |
| Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060) | $3.98 Billion | 10.07% | 0.99x | $3.98 Billion |
| Inner Mongolia Xingye Mining Co Ltd (000426) | $5.37 Billion | 1.90% | 0.72x | $8.73 Billion |
| Shengda Mining Co Ltd (000603) | $446.57 Million | 0.72% | 0.63x | $2.51 Billion |
| Pangang Group Vanadium Titanium & Resources Co Ltd (000629) | $12.86 Billion | 2.22% | 0.15x | $4.27 Billion |
| Guocheng Mining Co Ltd (000688) | $-1.37 Billion | 0.00% | 0.00x | $5.07 Billion |
| Huludao Zinc Industry Co Ltd (000751) | $3.03 Billion | 7.94% | 1.52x | $1.07 Billion |
| China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (000758) | $940.73 Million | -14.99% | 0.42x | $1.70 Billion |
| Tibet Mineral Development Co Ltd (000762) | $3.89 Billion | 2.88% | 0.92x | $1.66 Billion |
| Innuovo Technology Co Ltd Class A (000795) | $1.19 Billion | -0.51% | 0.62x | $1.38 Billion |
About 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 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