Tus-Sound Environmental Resources Co Ltd
TUS Environmental Science and Technology Development Co., Ltd., together with its subsidiaries, provides environment improvement solutions in China. It offers digital sanitation services, including unmanned sanitation, domestic waste classification, green and smart properties, environmental sanitation, smart public toilets, and others; water-eco services, such as water investment, intelligent env… Read more
Tus-Sound Environmental Resources Co Ltd (000826) - Net Assets
Latest net assets as of September 2025: CN¥2.58 Billion CNY
Based on the latest financial reports, Tus-Sound Environmental Resources Co Ltd (000826) has net assets worth CN¥2.58 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¥18.67 Billion) and total liabilities (CN¥16.09 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¥2.58 Billion |
| % of Total Assets | 13.83% |
| Annual Growth Rate | 12.84% |
| 5-Year Change | -67.43% |
| 10-Year Change | -22.08% |
| Growth Volatility | 41.83 |
Tus-Sound Environmental Resources Co Ltd - Net Assets Trend (1994–2024)
This chart illustrates how Tus-Sound Environmental Resources 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 Tus-Sound Environmental Resources Co Ltd (1994–2024)
The table below shows the annual net assets of Tus-Sound Environmental Resources Co Ltd from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.90 Billion | -42.00% |
| 2023-12-31 | CN¥8.44 Billion | -18.54% |
| 2022-12-31 | CN¥10.36 Billion | -9.21% |
| 2021-12-31 | CN¥11.42 Billion | -24.07% |
| 2020-12-31 | CN¥15.03 Billion | -10.69% |
| 2019-12-31 | CN¥16.83 Billion | +9.35% |
| 2018-12-31 | CN¥15.39 Billion | +2.16% |
| 2017-12-31 | CN¥15.07 Billion | +80.01% |
| 2016-12-31 | CN¥8.37 Billion | +33.22% |
| 2015-12-31 | CN¥6.28 Billion | +19.11% |
| 2014-12-31 | CN¥5.28 Billion | +19.88% |
| 2013-12-31 | CN¥4.40 Billion | +11.39% |
| 2012-12-31 | CN¥3.95 Billion | +133.58% |
| 2011-12-31 | CN¥1.69 Billion | +21.94% |
| 2010-12-31 | CN¥1.39 Billion | +16.82% |
| 2009-12-31 | CN¥1.19 Billion | +14.99% |
| 2008-12-31 | CN¥1.03 Billion | +100.33% |
| 2007-12-31 | CN¥515.38 Million | -10.28% |
| 2006-12-31 | CN¥574.45 Million | +78.58% |
| 2005-12-31 | CN¥321.67 Million | +11.95% |
| 2004-12-31 | CN¥287.34 Million | +12.61% |
| 2003-12-31 | CN¥255.16 Million | +30.87% |
| 2002-12-31 | CN¥194.97 Million | -34.76% |
| 2001-12-31 | CN¥298.85 Million | -17.04% |
| 2000-12-31 | CN¥360.24 Million | -20.93% |
| 1999-12-31 | CN¥455.62 Million | -2.38% |
| 1998-12-31 | CN¥466.74 Million | +110.99% |
| 1997-12-31 | CN¥221.21 Million | +19.15% |
| 1996-12-31 | CN¥185.66 Million | +6.42% |
| 1995-12-31 | CN¥174.47 Million | +33.46% |
| 1994-12-31 | CN¥130.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tus-Sound Environmental Resources 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 70490.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.43 Billion | 59.35% |
| Other Components | CN¥8.58 Billion | 357.46% |
| Total Equity | CN¥2.40 Billion | 100.00% |
Tus-Sound Environmental Resources Co Ltd Competitors by Market Cap
The table below lists competitors of Tus-Sound Environmental Resources Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nanjing Chemical Fibre Co Ltd
SHG:600889
|
$387.21 Million |
|
Tianjin Keyvia Electric Co Ltd
SHE:300407
|
$387.27 Million |
|
I-Mab
NASDAQ:IMAB
|
$387.37 Million |
|
Zhejiang Dehong Automotive
SHG:603701
|
$387.41 Million |
|
Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft
PINK:SBOEF
|
$387.18 Million |
|
Urban Company Limited
NSE:URBANCO
|
$387.17 Million |
|
Shandong Kexing Bioproducts Co. Ltd. A
SHG:688136
|
$387.13 Million |
|
Prime Medicine, Inc. Common Stock
NASDAQ:PRME
|
$387.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tus-Sound Environmental Resources Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,833,546,900 to 2,401,590,666, a change of -3,431,956,234 (-58.8%).
- Net loss of 3,057,514,008 reduced equity.
- Dividend payments of 312,995,617 reduced retained earnings.
- Other comprehensive income decreased equity by 1,503,112,109.
- Other factors increased equity by 1,441,665,500.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-3.06 Billion | -127.31% |
| Dividends Paid | CN¥313.00 Million | -13.03% |
| Other Comprehensive Income | CN¥-1.50 Billion | -62.59% |
| Other Changes | CN¥1.44 Billion | +60.03% |
| Total Change | CN¥- | -58.83% |
Book Value vs Market Value Analysis
This analysis compares Tus-Sound Environmental Resources 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: 1.31x
- 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 15.12x to 1.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CN¥0.15 | CN¥2.30 | x |
| 1995-12-31 | CN¥0.20 | CN¥2.30 | x |
| 1996-12-31 | CN¥0.21 | CN¥2.30 | x |
| 1997-12-31 | CN¥0.23 | CN¥2.30 | x |
| 1998-12-31 | CN¥0.53 | CN¥2.30 | x |
| 1999-12-31 | CN¥0.53 | CN¥2.30 | x |
| 2000-12-31 | CN¥0.43 | CN¥2.30 | x |
| 2001-12-31 | CN¥0.36 | CN¥2.30 | x |
| 2002-12-31 | CN¥0.24 | CN¥2.30 | x |
| 2003-12-31 | CN¥0.29 | CN¥2.30 | x |
| 2004-12-31 | CN¥0.32 | CN¥2.30 | x |
| 2005-12-31 | CN¥0.36 | CN¥2.30 | x |
| 2006-12-31 | CN¥0.41 | CN¥2.30 | x |
| 2007-12-31 | CN¥0.46 | CN¥2.30 | x |
| 2008-12-31 | CN¥1.01 | CN¥2.30 | x |
| 2009-12-31 | CN¥1.07 | CN¥2.30 | x |
| 2010-12-31 | CN¥1.26 | CN¥2.30 | x |
| 2011-12-31 | CN¥1.75 | CN¥2.30 | x |
| 2012-12-31 | CN¥3.80 | CN¥2.30 | x |
| 2013-12-31 | CN¥3.72 | CN¥2.30 | x |
| 2014-12-31 | CN¥4.37 | CN¥2.30 | x |
| 2015-12-31 | CN¥5.15 | CN¥2.30 | x |
| 2016-12-31 | CN¥6.79 | CN¥2.30 | x |
| 2017-12-31 | CN¥10.73 | CN¥2.30 | x |
| 2018-12-31 | CN¥8.84 | CN¥2.30 | x |
| 2019-12-31 | CN¥8.83 | CN¥2.30 | x |
| 2020-12-31 | CN¥7.33 | CN¥2.30 | x |
| 2021-12-31 | CN¥6.03 | CN¥2.30 | x |
| 2022-12-31 | CN¥5.27 | CN¥2.30 | x |
| 2023-12-31 | CN¥4.40 | CN¥2.30 | x |
| 2024-12-31 | CN¥1.75 | CN¥2.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tus-Sound Environmental Resources 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): -127.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -58.30%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 8.63x
- Recent ROE (-127.31%) is below the historical average (-0.01%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 29.86% | 22.86% | 0.63x | 2.07x | CN¥25.18 Million |
| 1995 | 25.65% | 22.60% | 0.71x | 1.60x | CN¥26.69 Million |
| 1996 | 27.14% | 18.47% | 0.73x | 2.01x | CN¥29.78 Million |
| 1997 | 17.90% | 11.92% | 0.67x | 2.24x | CN¥15.37 Million |
| 1998 | 11.43% | 12.36% | 0.53x | 1.76x | CN¥6.26 Million |
| 1999 | 6.88% | 8.51% | 0.48x | 1.70x | CN¥-13.68 Million |
| 2000 | -22.64% | -50.31% | 0.28x | 1.60x | CN¥-117.58 Million |
| 2001 | -20.76% | -50.36% | 0.22x | 1.83x | CN¥-91.92 Million |
| 2002 | -51.73% | -210.00% | 0.13x | 1.83x | CN¥-122.87 Million |
| 2003 | 11.29% | 103.25% | 0.07x | 1.57x | CN¥3.09 Million |
| 2004 | 9.73% | 30.84% | 0.21x | 1.52x | CN¥-709.05K |
| 2005 | 9.43% | 21.63% | 0.23x | 1.89x | CN¥-1.69 Million |
| 2006 | 13.76% | 20.65% | 0.17x | 3.84x | CN¥12.96 Million |
| 2007 | 20.29% | 24.72% | 0.23x | 3.60x | CN¥43.90 Million |
| 2008 | 11.35% | 21.28% | 0.22x | 2.40x | CN¥13.22 Million |
| 2009 | 13.45% | 21.29% | 0.26x | 2.44x | CN¥37.37 Million |
| 2010 | 16.24% | 21.30% | 0.33x | 2.33x | CN¥79.54 Million |
| 2011 | 19.10% | 18.71% | 0.43x | 2.40x | CN¥143.40 Million |
| 2012 | 11.14% | 20.36% | 0.33x | 1.66x | CN¥44.11 Million |
| 2013 | 13.35% | 21.82% | 0.36x | 1.70x | CN¥146.84 Million |
| 2014 | 15.51% | 18.38% | 0.46x | 1.84x | CN¥285.66 Million |
| 2015 | 15.19% | 14.68% | 0.40x | 2.59x | CN¥317.82 Million |
| 2016 | 13.14% | 15.63% | 0.30x | 2.79x | CN¥258.60 Million |
| 2017 | 8.44% | 13.37% | 0.28x | 2.25x | CN¥-230.59 Million |
| 2018 | 4.31% | 5.86% | 0.28x | 2.67x | CN¥-850.47 Million |
| 2019 | 2.39% | 3.53% | 0.23x | 2.96x | CN¥-1.15 Billion |
| 2020 | -12.00% | -18.03% | 0.21x | 3.16x | CN¥-2.86 Billion |
| 2021 | -52.96% | -53.65% | 0.26x | 3.82x | CN¥-5.41 Billion |
| 2022 | -12.82% | -13.57% | 0.27x | 3.54x | CN¥-1.72 Billion |
| 2023 | -26.95% | -29.10% | 0.23x | 4.08x | CN¥-2.16 Billion |
| 2024 | -127.31% | -58.30% | 0.25x | 8.63x | CN¥-3.30 Billion |
Industry Comparison
This section compares Tus-Sound Environmental Resources Co Ltd's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $4,542,569,910
- Average return on equity (ROE) among peers: 13.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tus-Sound Environmental Resources Co Ltd (000826) | CN¥2.58 Billion | 29.86% | 6.23x | $387.20 Million |
| China Tianying Inc (000035) | $220.73 Million | 7.84% | 0.98x | $1.59 Billion |
| HeiLongJiang Kingland Technology Co Ltd (000711) | $289.23 Million | 13.01% | 0.03x | $1.02 Billion |
| BECE Legend Group Co Ltd (000803) | $152.97 Million | 2.06% | 0.80x | $433.08 Million |
| Wangneng Environment Co Ltd (002034) | $6.50 Billion | 9.27% | 1.22x | $468.80 Million |
| Beijing Orient Landscape Co Ltd (002310) | $9.44 Billion | 13.72% | 1.54x | $2.06 Billion |
| Qiaoyin Environmental Tech Co Ltd (002973) | $668.08 Million | 13.43% | 0.54x | $279.42 Million |
| Tongxing Environmental Protection (003027) | $424.42 Million | 32.76% | 0.86x | $177.45 Million |
| Beijing Originwater Technology (300070) | $23.11 Billion | 5.97% | 1.92x | $1.14 Billion |
| Yonker Environmental Protect (300187) | $82.81 Million | 25.36% | 2.22x | $230.88 Million |