Tianjin Binhai Energy & Development Co Ltd (000695) - Net Assets
Based on the latest financial reports, Tianjin Binhai Energy & Development Co Ltd (000695) has net assets worth CN¥201.27 Million CNY (≈ $29.45 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.62 Billion ≈ $237.66 Million USD) and total liabilities (CN¥1.42 Billion ≈ $208.21 Million 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 how resilient are Tianjin Binhai Energy & Development Co L's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥201.27 Million |
| % of Total Assets | 12.39% |
| Annual Growth Rate | 0.37% |
| 5-Year Change | -59.83% |
| 10-Year Change | -27.38% |
| Growth Volatility | 17.93 |
Tianjin Binhai Energy & Development Co Ltd - Net Assets Trend (1993–2024)
This chart illustrates how Tianjin Binhai Energy & Development Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Tianjin Binhai Energy & Development Co L balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Tianjin Binhai Energy & Development Co Ltd (1993–2024)
The table below shows the annual net assets of Tianjin Binhai Energy & Development Co Ltd from 1993 to 2024. For live valuation and market cap data, see how much is Tianjin Binhai Energy & Development Co L worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥235.17 Million ≈ $34.41 Million |
+0.25% |
| 2023-12-31 | CN¥234.58 Million ≈ $34.33 Million |
-28.84% |
| 2022-12-31 | CN¥329.66 Million ≈ $48.24 Million |
-36.24% |
| 2021-12-31 | CN¥517.02 Million ≈ $75.66 Million |
-11.70% |
| 2020-12-31 | CN¥585.50 Million ≈ $85.68 Million |
+0.33% |
| 2019-12-31 | CN¥583.60 Million ≈ $85.40 Million |
+9.37% |
| 2018-12-31 | CN¥533.59 Million ≈ $78.08 Million |
+9.47% |
| 2017-12-31 | CN¥487.45 Million ≈ $71.33 Million |
+48.65% |
| 2016-12-31 | CN¥327.92 Million ≈ $47.99 Million |
+1.26% |
| 2015-12-31 | CN¥323.84 Million ≈ $47.39 Million |
+1.33% |
| 2014-12-31 | CN¥319.59 Million ≈ $46.77 Million |
+1.37% |
| 2013-12-31 | CN¥315.28 Million ≈ $46.13 Million |
-8.65% |
| 2012-12-31 | CN¥345.13 Million ≈ $50.50 Million |
+1.86% |
| 2011-12-31 | CN¥338.83 Million ≈ $49.58 Million |
+2.24% |
| 2010-12-31 | CN¥331.39 Million ≈ $48.49 Million |
+2.54% |
| 2009-12-31 | CN¥323.18 Million ≈ $47.29 Million |
-13.30% |
| 2008-12-31 | CN¥372.78 Million ≈ $54.55 Million |
-0.82% |
| 2007-12-31 | CN¥375.86 Million ≈ $55.00 Million |
-3.61% |
| 2006-12-31 | CN¥389.95 Million ≈ $57.06 Million |
+6.72% |
| 2005-12-31 | CN¥365.38 Million ≈ $53.47 Million |
+10.26% |
| 2004-12-31 | CN¥331.37 Million ≈ $48.49 Million |
+21.05% |
| 2003-12-31 | CN¥273.76 Million ≈ $40.06 Million |
-8.05% |
| 2002-12-31 | CN¥297.72 Million ≈ $43.57 Million |
-20.02% |
| 2001-12-31 | CN¥372.22 Million ≈ $54.47 Million |
-7.35% |
| 2000-12-31 | CN¥401.76 Million ≈ $58.79 Million |
+60.07% |
| 1999-12-31 | CN¥250.99 Million ≈ $36.73 Million |
-4.07% |
| 1998-12-31 | CN¥261.65 Million ≈ $38.29 Million |
+12.08% |
| 1997-12-31 | CN¥233.44 Million ≈ $34.16 Million |
+1.93% |
| 1996-12-31 | CN¥229.02 Million ≈ $33.51 Million |
+3.08% |
| 1995-12-31 | CN¥222.17 Million ≈ $32.51 Million |
+7.88% |
| 1994-12-31 | CN¥205.95 Million ≈ $30.14 Million |
-1.95% |
| 1993-12-31 | CN¥210.05 Million ≈ $30.74 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tianjin Binhai Energy & Development 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 decreased by 3130.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥222.15 Million | 142.13% |
| Other Comprehensive Income | CN¥14.96 Million | 9.57% |
| Other Components | CN¥74.69 Million | 47.78% |
| Total Equity | CN¥156.30 Million | 100.00% |
Tianjin Binhai Energy & Development Co Ltd Competitors by Market Cap
The table below lists competitors of Tianjin Binhai Energy & Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xiamen Comfort Science&Technology Group Co Ltd
SHE:002614
|
$525.73 Million |
|
Zhejiang Natural Outdoor Goods Inc.
SHG:605080
|
$525.87 Million |
|
Xin Hee Co Ltd
SHE:003016
|
$526.13 Million |
|
Sterling and Wilson Renewable Energy Limited
NSE:SWSOLAR
|
$526.17 Million |
|
TINC Comm VA
BR:TINC
|
$525.58 Million |
|
Man Infraconstruction Limited
NSE:MANINFRA
|
$525.39 Million |
|
Rigel Pharmaceuticals Inc
NASDAQ:RIGL
|
$525.38 Million |
|
Gulf Oil Lubricants India Limited
NSE:GULFOILLUB
|
$525.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tianjin Binhai Energy & Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 183,233,272 to 156,298,917, a change of -26,934,355 (-14.7%).
- Net loss of 28,134,163 reduced equity.
- Dividend payments of 410,513 reduced retained earnings.
- Other comprehensive income increased equity by 1,199,808.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-28.13 Million | -18.0% |
| Dividends Paid | CN¥410.51K | -0.26% |
| Other Comprehensive Income | CN¥1.20 Million | +0.77% |
| Other Changes | CN¥410.51K | +0.26% |
| Total Change | CN¥- | -14.70% |
Book Value vs Market Value Analysis
This analysis compares Tianjin Binhai Energy & Development 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: 22.04x
- 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 increased from 16.40x to 22.04x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | CN¥0.95 | CN¥15.50 | x |
| 1994-12-31 | CN¥0.93 | CN¥15.50 | x |
| 1995-12-31 | CN¥1.00 | CN¥15.50 | x |
| 1996-12-31 | CN¥1.02 | CN¥15.50 | x |
| 1997-12-31 | CN¥1.04 | CN¥15.50 | x |
| 1998-12-31 | CN¥1.17 | CN¥15.50 | x |
| 1999-12-31 | CN¥1.12 | CN¥15.50 | x |
| 2000-12-31 | CN¥1.80 | CN¥15.50 | x |
| 2001-12-31 | CN¥1.67 | CN¥15.50 | x |
| 2002-12-31 | CN¥1.33 | CN¥15.50 | x |
| 2003-12-31 | CN¥1.22 | CN¥15.50 | x |
| 2004-12-31 | CN¥1.39 | CN¥15.50 | x |
| 2005-12-31 | CN¥1.53 | CN¥15.50 | x |
| 2006-12-31 | CN¥1.61 | CN¥15.50 | x |
| 2007-12-31 | CN¥1.57 | CN¥15.50 | x |
| 2008-12-31 | CN¥1.53 | CN¥15.50 | x |
| 2009-12-31 | CN¥1.33 | CN¥15.50 | x |
| 2010-12-31 | CN¥1.12 | CN¥15.50 | x |
| 2011-12-31 | CN¥1.25 | CN¥15.50 | x |
| 2012-12-31 | CN¥1.39 | CN¥15.50 | x |
| 2013-12-31 | CN¥1.42 | CN¥15.50 | x |
| 2014-12-31 | CN¥1.44 | CN¥15.50 | x |
| 2015-12-31 | CN¥1.89 | CN¥15.50 | x |
| 2016-12-31 | CN¥1.48 | CN¥15.50 | x |
| 2017-12-31 | CN¥1.52 | CN¥15.50 | x |
| 2018-12-31 | CN¥1.64 | CN¥15.50 | x |
| 2019-12-31 | CN¥1.70 | CN¥15.50 | x |
| 2020-12-31 | CN¥1.62 | CN¥15.50 | x |
| 2021-12-31 | CN¥1.37 | CN¥15.50 | x |
| 2022-12-31 | CN¥0.91 | CN¥15.50 | x |
| 2023-12-31 | CN¥0.82 | CN¥15.50 | x |
| 2024-12-31 | CN¥0.70 | CN¥15.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tianjin Binhai Energy & Development 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): -18.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.70%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 8.18x
- Recent ROE (-18.00%) is below the historical average (-1.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 10.12% | 5.01% | 0.92x | 2.19x | CN¥255.94K |
| 1994 | 5.27% | 2.97% | 0.67x | 2.66x | CN¥-9.68 Million |
| 1995 | 7.14% | 3.83% | 0.75x | 2.47x | CN¥-6.31 Million |
| 1996 | 9.50% | 5.37% | 0.69x | 2.56x | CN¥-1.13 Million |
| 1997 | 12.27% | 7.49% | 0.60x | 2.73x | CN¥5.20 Million |
| 1998 | 10.64% | 7.69% | 0.50x | 2.79x | CN¥1.65 Million |
| 1999 | 9.92% | 8.42% | 0.44x | 2.65x | CN¥-206.77K |
| 2000 | 6.16% | 9.80% | 0.27x | 2.31x | CN¥-15.26 Million |
| 2001 | -7.86% | -14.29% | 0.23x | 2.43x | CN¥-65.77 Million |
| 2002 | -25.26% | -44.43% | 0.21x | 2.67x | CN¥-103.68 Million |
| 2003 | -8.79% | -15.69% | 0.20x | 2.74x | CN¥-50.79 Million |
| 2004 | 4.57% | 6.11% | 0.35x | 2.16x | CN¥-16.69 Million |
| 2005 | 8.96% | 9.31% | 0.41x | 2.37x | CN¥-3.50 Million |
| 2006 | 9.61% | 9.63% | 0.35x | 2.84x | CN¥-1.40 Million |
| 2007 | 0.95% | 0.85% | 0.38x | 2.93x | CN¥-31.40 Million |
| 2008 | 0.59% | 0.41% | 0.50x | 2.86x | CN¥-32.45 Million |
| 2009 | -15.82% | -8.12% | 0.60x | 3.27x | CN¥-76.01 Million |
| 2010 | 1.79% | 0.80% | 0.66x | 3.41x | CN¥-24.66 Million |
| 2011 | 1.60% | 0.67% | 0.58x | 4.14x | CN¥-25.69 Million |
| 2012 | 0.99% | 0.39% | 0.66x | 3.84x | CN¥-27.91 Million |
| 2013 | 1.03% | 0.45% | 0.63x | 3.66x | CN¥-28.27 Million |
| 2014 | 1.05% | 0.51% | 0.59x | 3.48x | CN¥-28.59 Million |
| 2015 | 1.06% | 0.56% | 0.54x | 3.45x | CN¥-28.96 Million |
| 2016 | 1.18% | 0.64% | 0.53x | 3.46x | CN¥-28.91 Million |
| 2017 | 2.89% | 0.97% | 0.58x | 5.12x | CN¥-24.02 Million |
| 2018 | 10.03% | 3.49% | 1.22x | 2.35x | CN¥107.18K |
| 2019 | 3.53% | 2.30% | 0.59x | 2.59x | CN¥-24.40 Million |
| 2020 | -4.58% | -3.09% | 0.50x | 2.98x | CN¥-52.59 Million |
| 2021 | -18.75% | -11.59% | 0.48x | 3.34x | CN¥-87.33 Million |
| 2022 | -50.88% | -24.68% | 0.50x | 4.10x | CN¥-122.57 Million |
| 2023 | -9.88% | -5.27% | 0.41x | 4.57x | CN¥-36.43 Million |
| 2024 | -18.00% | -5.70% | 0.39x | 8.18x | CN¥-43.76 Million |
Industry Comparison
This section compares Tianjin Binhai Energy & Development Co Ltd's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $9,487,831,214
- Average return on equity (ROE) among peers: 6.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tianjin Binhai Energy & Development Co Ltd (000695) | CN¥201.27 Million | 10.12% | 7.07x | $525.65 Million |
| Shenzhen Energy Group Co Ltd (000027) | $55.83 Billion | 3.66% | 1.75x | $4.76 Billion |
| Shenzhen Nanshan Power Co Ltd (000037) | $552.66 Million | 12.87% | 0.84x | $535.60 Million |
| Guangzhou Hengyun Enterprises Holding Ltd (000531) | $5.85 Billion | 2.74% | 1.73x | $1.07 Billion |
| An Hui Wenergy Co Ltd (000543) | $2.25 Billion | 9.29% | 0.06x | $2.68 Billion |
| Jointo Energy Investment Co Ltd Hebei (000600) | $13.88 Billion | 4.61% | 1.33x | $2.51 Billion |
| Guangdong Shaoneng Group Co Ltd (000601) | $2.77 Billion | 3.03% | 1.64x | $1.02 Billion |
| Shanxi Zhangze Electric Power Co Ltd (000767) | $486.29 Million | 8.21% | 2.02x | $1.70 Billion |
| Jilin Power Share Co Ltd (000875) | $2.44 Billion | 3.19% | 0.12x | $3.47 Billion |
| Jiangxi Ganneng Co Ltd (000899) | $1.33 Billion | 12.45% | 3.67x | $1.78 Billion |
About Tianjin Binhai Energy & Development Co Ltd
Tianjin Binhai Energy & Development Co.,Ltd engages in the research and development, production and sales of lithium battery negative electrode materials. The company was formerly known as Tianjin Lighthouse Paint and Coatings Co., Ltd. Tianjin Binhai Energy & Development Co.,Ltd was founded in 1992 and is based in Beijing, China.