Tieling Newcity Investment Holding Ltd
Liaoning HeZhan Energy Group Co., Ltd. engages in the manufacture of wind turbine mixing tower equipment and new energy investment and development business in China. It manufactures and sells wind turbine steel-concrete towers and provides wind turbine steel-concrete tower solutions. The company is also involved in land development, urban water supply, sewage treatment, taxi service, advertising,… Read more
Tieling Newcity Investment Holding Ltd (000809) - Net Assets
Latest net assets as of September 2025: CN¥2.68 Billion CNY
Based on the latest financial reports, Tieling Newcity Investment Holding Ltd (000809) has net assets worth CN¥2.68 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¥2.91 Billion) and total liabilities (CN¥228.33 Million). 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¥2.68 Billion |
| % of Total Assets | 92.15% |
| Annual Growth Rate | 10.14% |
| 5-Year Change | -10.97% |
| 10-Year Change | -16.13% |
| Growth Volatility | 264.86 |
Tieling Newcity Investment Holding Ltd - Net Assets Trend (1995–2024)
This chart illustrates how Tieling Newcity Investment Holding 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 Tieling Newcity Investment Holding Ltd (1995–2024)
The table below shows the annual net assets of Tieling Newcity Investment Holding Ltd from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.72 Billion | -19.17% |
| 2023-12-31 | CN¥3.37 Billion | +16.95% |
| 2022-12-31 | CN¥2.88 Billion | -1.24% |
| 2021-12-31 | CN¥2.91 Billion | -4.63% |
| 2020-12-31 | CN¥3.06 Billion | -1.93% |
| 2019-12-31 | CN¥3.12 Billion | -2.66% |
| 2018-12-31 | CN¥3.20 Billion | +3.11% |
| 2017-12-31 | CN¥3.10 Billion | +3.37% |
| 2016-12-31 | CN¥3.00 Billion | -7.41% |
| 2015-12-31 | CN¥3.24 Billion | -6.74% |
| 2014-12-31 | CN¥3.48 Billion | +0.83% |
| 2013-12-31 | CN¥3.45 Billion | +25.89% |
| 2012-12-31 | CN¥2.74 Billion | +30.01% |
| 2011-12-31 | CN¥2.11 Billion | +1450.76% |
| 2010-12-31 | CN¥135.92 Million | +2.30% |
| 2009-12-31 | CN¥132.87 Million | -1.02% |
| 2008-12-31 | CN¥134.25 Million | +2.49% |
| 2007-12-31 | CN¥130.98 Million | -6.13% |
| 2006-12-31 | CN¥139.53 Million | -14.97% |
| 2005-12-31 | CN¥164.09 Million | +6.78% |
| 2004-12-31 | CN¥153.66 Million | +10.50% |
| 2003-12-31 | CN¥139.06 Million | +27.09% |
| 2002-12-31 | CN¥109.43 Million | -34.50% |
| 2001-12-31 | CN¥167.07 Million | -31.21% |
| 2000-12-31 | CN¥242.88 Million | +5.21% |
| 1999-12-31 | CN¥230.85 Million | +0.50% |
| 1998-12-31 | CN¥229.71 Million | +11.27% |
| 1997-12-31 | CN¥206.45 Million | +11.87% |
| 1996-12-31 | CN¥184.54 Million | +11.55% |
| 1995-12-31 | CN¥165.43 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tieling Newcity Investment Holding 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 215365.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.62 Billion | 59.40% |
| Common Stock | CN¥824.79 Million | 30.31% |
| Other Components | CN¥279.99 Million | 10.29% |
| Total Equity | CN¥2.72 Billion | 100.00% |
Tieling Newcity Investment Holding Ltd Competitors by Market Cap
The table below lists competitors of Tieling Newcity Investment Holding Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nantong Square Cold Chain Equipment Co Ltd
SHG:603339
|
$269.12 Million |
|
RPMGlobal Holdings Limited
PINK:RPGHF
|
$269.24 Million |
|
Zhejiang Jinghua Laser Technology Co Ltd Class A
SHG:603607
|
$269.24 Million |
|
Frequency Electronics Inc
NASDAQ:FEIM
|
$269.37 Million |
|
Qingdao Weflo Valve Co Ltd
SHE:002871
|
$269.09 Million |
|
Automatic Bank Services Limited
PINK:ABANF
|
$269.02 Million |
|
Hiwin Mikrosystem Corp
TW:4576
|
$268.97 Million |
|
BETTERWARE DE MEXICO SAPI
F:BM0
|
$268.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tieling Newcity Investment Holding Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,819,238,887 to 2,720,944,218, a change of -98,294,669 (-3.5%).
- Net loss of 102,933,425 reduced equity.
- Dividend payments of 55,797,537 reduced retained earnings.
- Other comprehensive income decreased equity by 243,355,888.
- Other factors increased equity by 303,792,181.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-102.93 Million | -3.78% |
| Dividends Paid | CN¥55.80 Million | -2.05% |
| Other Comprehensive Income | CN¥-243.36 Million | -8.94% |
| Other Changes | CN¥303.79 Million | +11.16% |
| Total Change | CN¥- | -3.49% |
Book Value vs Market Value Analysis
This analysis compares Tieling Newcity Investment Holding 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: 1.14x
- 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 5.87x to 1.14x 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¥0.64 | CN¥3.76 | x |
| 1996-12-31 | CN¥0.71 | CN¥3.76 | x |
| 1997-12-31 | CN¥0.80 | CN¥3.76 | x |
| 1998-12-31 | CN¥0.89 | CN¥3.76 | x |
| 1999-12-31 | CN¥0.89 | CN¥3.76 | x |
| 2000-12-31 | CN¥0.94 | CN¥3.76 | x |
| 2001-12-31 | CN¥0.62 | CN¥3.76 | x |
| 2002-12-31 | CN¥0.40 | CN¥3.76 | x |
| 2003-12-31 | CN¥0.44 | CN¥3.76 | x |
| 2004-12-31 | CN¥0.49 | CN¥3.76 | x |
| 2005-12-31 | CN¥0.52 | CN¥3.76 | x |
| 2006-12-31 | CN¥0.54 | CN¥3.76 | x |
| 2007-12-31 | CN¥0.51 | CN¥3.76 | x |
| 2008-12-31 | CN¥0.51 | CN¥3.76 | x |
| 2009-12-31 | CN¥0.55 | CN¥3.76 | x |
| 2010-12-31 | CN¥0.51 | CN¥3.76 | x |
| 2011-12-31 | CN¥3.59 | CN¥3.76 | x |
| 2012-12-31 | CN¥3.32 | CN¥3.76 | x |
| 2013-12-31 | CN¥4.18 | CN¥3.76 | x |
| 2014-12-31 | CN¥3.63 | CN¥3.76 | x |
| 2015-12-31 | CN¥3.98 | CN¥3.76 | x |
| 2016-12-31 | CN¥3.62 | CN¥3.76 | x |
| 2017-12-31 | CN¥3.78 | CN¥3.76 | x |
| 2018-12-31 | CN¥3.88 | CN¥3.76 | x |
| 2019-12-31 | CN¥3.78 | CN¥3.76 | x |
| 2020-12-31 | CN¥3.71 | CN¥3.76 | x |
| 2021-12-31 | CN¥3.53 | CN¥3.76 | x |
| 2022-12-31 | CN¥3.49 | CN¥3.76 | x |
| 2023-12-31 | CN¥3.46 | CN¥3.76 | x |
| 2024-12-31 | CN¥3.30 | CN¥3.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tieling Newcity Investment Holding 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): -3.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -26.89%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.09x
- Recent ROE (-3.78%) is below the historical average (1.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 10.26% | 7.66% | 0.47x | 2.86x | CN¥423.35K |
| 1996 | 10.36% | 11.09% | 0.34x | 2.71x | CN¥658.32K |
| 1997 | 10.61% | 11.87% | 0.32x | 2.80x | CN¥1.26 Million |
| 1998 | 10.36% | 11.49% | 0.49x | 1.84x | CN¥838.35K |
| 1999 | 13.07% | 12.02% | 0.61x | 1.79x | CN¥7.09 Million |
| 2000 | 9.67% | 5.94% | 0.78x | 2.10x | CN¥-799.07K |
| 2001 | -39.07% | -17.06% | 0.81x | 2.81x | CN¥-78.69 Million |
| 2002 | -54.00% | -17.77% | 0.82x | 3.71x | CN¥-66.64 Million |
| 2003 | 9.62% | 4.19% | 1.40x | 1.64x | CN¥-437.66K |
| 2004 | 8.67% | 8.76% | 0.51x | 1.94x | CN¥-1.67 Million |
| 2005 | 6.40% | 5.72% | 0.77x | 1.45x | CN¥-4.84 Million |
| 2006 | 5.05% | 8.20% | 0.42x | 1.46x | CN¥-6.89 Million |
| 2007 | 4.51% | 5.87% | 0.45x | 1.72x | CN¥-7.18 Million |
| 2008 | 2.47% | 2.66% | 0.51x | 1.81x | CN¥-10.11 Million |
| 2009 | -3.82% | -3.48% | 0.59x | 1.86x | CN¥-17.86 Million |
| 2010 | 2.21% | 1.96% | 0.61x | 1.84x | CN¥-10.30 Million |
| 2011 | 28.80% | 43.28% | 0.40x | 1.67x | CN¥396.27 Million |
| 2012 | 23.09% | 45.30% | 0.32x | 1.60x | CN¥358.59 Million |
| 2013 | 20.56% | 42.08% | 0.30x | 1.64x | CN¥364.43 Million |
| 2014 | 0.83% | 10.94% | 0.04x | 1.78x | CN¥-319.09 Million |
| 2015 | -5.53% | -521.62% | 0.01x | 1.94x | CN¥-503.77 Million |
| 2016 | -8.01% | -1143.55% | 0.00x | 2.12x | CN¥-540.85 Million |
| 2017 | 3.26% | 126.82% | 0.01x | 1.92x | CN¥-209.39 Million |
| 2018 | 3.02% | 6.23% | 0.27x | 1.81x | CN¥-223.50 Million |
| 2019 | -2.73% | -46.27% | 0.03x | 1.81x | CN¥-396.85 Million |
| 2020 | -1.97% | -35.36% | 0.04x | 1.49x | CN¥-365.84 Million |
| 2021 | -4.86% | -123.93% | 0.03x | 1.51x | CN¥-433.05 Million |
| 2022 | -1.26% | -16.28% | 0.05x | 1.50x | CN¥-323.97 Million |
| 2023 | -3.75% | -444.76% | 0.01x | 1.64x | CN¥-387.71 Million |
| 2024 | -3.78% | -26.89% | 0.13x | 1.09x | CN¥-375.03 Million |
Industry Comparison
This section compares Tieling Newcity Investment Holding Ltd's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $1,596,339,495
- Average return on equity (ROE) among peers: 9.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tieling Newcity Investment Holding Ltd (000809) | CN¥2.68 Billion | 10.26% | 0.09x | $269.10 Million |
| Tunghsu Azure Renewable Energy Co Ltd (000040) | $867.90 Million | 2.09% | 1.86x | $58.47 Million |
| Tianjin Guangyu Development Co Ltd (000537) | $277.96 Million | 10.57% | 1.45x | $889.49 Million |
| CECEP Solar Energy Co Ltd (000591) | $162.02 Million | 10.48% | 1.97x | $2.20 Billion |
| GEPIC Energy Development Co Ltd (000791) | $7.49 Billion | 5.90% | 1.54x | $765.93 Million |
| Hubei Energy Group Co Ltd (000883) | $730.62 Million | 9.40% | 0.33x | $1.99 Billion |
| Fujian MinDong Electric Power Co Ltd (000993) | $1.70 Billion | 3.61% | 1.46x | $406.20 Million |
| Xinjiang Lixin Energy Co. Ltd. A (001258) | $2.92 Billion | 1.72% | 4.24x | $377.98 Million |
| Shenzhen Feima International Supply Chain Co Ltd (002210) | $148.08 Million | 3.32% | 6.54x | $718.01 Million |
| Shenzhen Sunrise New Energy Co Ltd (002256) | $65.12 Million | 40.54% | 1.51x | $785.39 Million |