Tus-Sound Environmental Resources Co Ltd (000826) - Net Assets

Latest as of March 2026: CN¥-93.06 Million CNY ≈ $-13.62 Million USD

Based on the latest financial reports, Tus-Sound Environmental Resources Co Ltd (000826) has net assets worth CN¥-93.06 Million CNY (≈ $-13.62 Million 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¥17.60 Billion ≈ $2.58 Billion USD) and total liabilities (CN¥17.69 Billion ≈ $2.59 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 000826 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥-93.06 Million
% of Total Assets -0.53%
Annual Growth Rate -0.96%
5-Year Change -99.15%
10-Year Change -98.84%
Growth Volatility 46.07

Tus-Sound Environmental Resources Co Ltd - Net Assets Trend (1994–2025)

This chart illustrates how Tus-Sound Environmental Resources Co Ltd's net assets have evolved over time, based on quarterly financial data. See Tus-Sound Environmental Resources Co Ltd (000826) liquidity interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Tus-Sound Environmental Resources Co Ltd (1994–2025)

The table below shows the annual net assets of Tus-Sound Environmental Resources Co Ltd from 1994 to 2025. For live valuation and market cap data, see 000826 market cap.

Year Net Assets Change
2025-12-31 CN¥96.91 Million
≈ $14.18 Million		 -98.02%
2024-12-31 CN¥4.90 Billion
≈ $716.52 Million		 -42.00%
2023-12-31 CN¥8.44 Billion
≈ $1.24 Billion		 -18.54%
2022-12-31 CN¥10.36 Billion
≈ $1.52 Billion		 -9.21%
2021-12-31 CN¥11.42 Billion
≈ $1.67 Billion		 -24.07%
2020-12-31 CN¥15.03 Billion
≈ $2.20 Billion		 -10.69%
2019-12-31 CN¥16.83 Billion
≈ $2.46 Billion		 +9.35%
2018-12-31 CN¥15.39 Billion
≈ $2.25 Billion		 +2.16%
2017-12-31 CN¥15.07 Billion
≈ $2.21 Billion		 +80.01%
2016-12-31 CN¥8.37 Billion
≈ $1.22 Billion		 +33.22%
2015-12-31 CN¥6.28 Billion
≈ $919.50 Million		 +19.11%
2014-12-31 CN¥5.28 Billion
≈ $772.00 Million		 +19.88%
2013-12-31 CN¥4.40 Billion
≈ $643.95 Million		 +11.39%
2012-12-31 CN¥3.95 Billion
≈ $578.08 Million		 +133.58%
2011-12-31 CN¥1.69 Billion
≈ $247.48 Million		 +21.94%
2010-12-31 CN¥1.39 Billion
≈ $202.96 Million		 +16.82%
2009-12-31 CN¥1.19 Billion
≈ $173.73 Million		 +14.99%
2008-12-31 CN¥1.03 Billion
≈ $151.08 Million		 +100.33%
2007-12-31 CN¥515.38 Million
≈ $75.42 Million		 -10.28%
2006-12-31 CN¥574.45 Million
≈ $84.06 Million		 +78.58%
2005-12-31 CN¥321.67 Million
≈ $47.07 Million		 +11.95%
2004-12-31 CN¥287.34 Million
≈ $42.05 Million		 +12.61%
2003-12-31 CN¥255.16 Million
≈ $37.34 Million		 +30.87%
2002-12-31 CN¥194.97 Million
≈ $28.53 Million		 -34.76%
2001-12-31 CN¥298.85 Million
≈ $43.73 Million		 -17.04%
2000-12-31 CN¥360.24 Million
≈ $52.71 Million		 -20.93%
1999-12-31 CN¥455.62 Million
≈ $66.67 Million		 -2.38%
1998-12-31 CN¥466.74 Million
≈ $68.30 Million		 +110.99%
1997-12-31 CN¥221.21 Million
≈ $32.37 Million		 +19.15%
1996-12-31 CN¥185.66 Million
≈ $27.17 Million		 +6.42%
1995-12-31 CN¥174.47 Million
≈ $25.53 Million		 +33.46%
1994-12-31 CN¥130.73 Million
≈ $19.13 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 100123.4% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Other Components CN¥8.49 Billion %
Total Equity CN¥-2.32 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
European Lithium Ltd
AU:EUR
 $460.99 Million
Guangdong Ganhua Science & Industry Co Ltd
SHE:000576
 $461.08 Million
Changshu Ruite Electric Co Ltd
SHE:300600
 $461.13 Million
Rapid7 Inc
NASDAQ:RPD
 $461.13 Million
Eastnine AB (publ)
ST:EAST
 $460.87 Million
Immix Biopharma Inc
NASDAQ:IMMX
 $460.86 Million
St Barbara Limited
F:BM1
 $460.69 Million
Huang Hsiang Construction Corp
TW:2545
 $460.60 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 2024 to 2025, total equity changed from 2,401,590,666 to -2,319,807,625, a change of -4,721,398,291 (-196.6%).
  • Net loss of 3,026,356,482 reduced equity.
  • Dividend payments of 145,359,001 reduced retained earnings.
  • Other factors decreased equity by 1,549,682,808.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CN¥-3.03 Billion -130.46%
Dividends Paid CN¥145.36 Million -6.27%
Other Changes CN¥-1.55 Billion -66.8%
Total Change CN¥- -196.59%

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

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1994-12-31 CN¥0.15 CN¥2.21 x
1995-12-31 CN¥0.20 CN¥2.21 x
1996-12-31 CN¥0.21 CN¥2.21 x
1997-12-31 CN¥0.23 CN¥2.21 x
1998-12-31 CN¥0.53 CN¥2.21 x
1999-12-31 CN¥0.53 CN¥2.21 x
2000-12-31 CN¥0.43 CN¥2.21 x
2001-12-31 CN¥0.36 CN¥2.21 x
2002-12-31 CN¥0.24 CN¥2.21 x
2003-12-31 CN¥0.29 CN¥2.21 x
2004-12-31 CN¥0.32 CN¥2.21 x
2005-12-31 CN¥0.36 CN¥2.21 x
2006-12-31 CN¥0.41 CN¥2.21 x
2007-12-31 CN¥0.46 CN¥2.21 x
2008-12-31 CN¥1.01 CN¥2.21 x
2009-12-31 CN¥1.07 CN¥2.21 x
2010-12-31 CN¥1.26 CN¥2.21 x
2011-12-31 CN¥1.75 CN¥2.21 x
2012-12-31 CN¥3.81 CN¥2.21 x
2013-12-31 CN¥3.72 CN¥2.21 x
2014-12-31 CN¥4.37 CN¥2.21 x
2015-12-31 CN¥5.15 CN¥2.21 x
2016-12-31 CN¥6.79 CN¥2.21 x
2017-12-31 CN¥10.78 CN¥2.21 x
2018-12-31 CN¥8.84 CN¥2.21 x
2019-12-31 CN¥8.83 CN¥2.21 x
2020-12-31 CN¥9.56 CN¥2.21 x
2021-12-31 CN¥6.00 CN¥2.21 x
2022-12-31 CN¥5.91 CN¥2.21 x
2023-12-31 CN¥4.40 CN¥2.21 x
2024-12-31 CN¥1.75 CN¥2.21 x
2025-12-31 CN¥-1.63 CN¥2.21 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): 0.00%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -65.04%
  • • Asset Turnover: 0.26x
  • • Equity Multiplier: 0.00x
  • Recent ROE (0.00%) is above the historical average (-0.00%), indicating improving 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 11.12% 20.32% 0.33x 1.66x CN¥43.33 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 -52.84% -53.53% 0.26x 3.82x CN¥-5.40 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
2025 0.00% -65.04% 0.26x 0.00x CN¥-2.79 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: $4,186,653,665
  • Average return on equity (ROE) among peers: 7.55%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Tus-Sound Environmental Resources Co Ltd (000826) CN¥-93.06 Million 29.86% N/A $460.95 Million
China Tianying Inc (000035) $3.05 Billion 7.29% 1.67x $1.75 Billion
BECE Legend Group Co Ltd (000803) $152.97 Million 2.06% 0.80x $498.79 Million
Wangneng Environment Co Ltd (002034) $546.35 Million 1.41% 1.19x $1.28 Billion
Beijing Orient Landscape Co Ltd (002310) $2.41 Billion -3.15% 0.82x $2.18 Billion
GEM Co Ltd (002340) $6.78 Billion 2.27% 1.35x $5.66 Billion
Dongjiang Environmental Co Ltd (002672) $470.85 Million 30.73% 0.77x $468.86 Million
Qiaoyin Environmental Tech Co Ltd (002973) $878.22 Million 11.69% 1.27x $752.89 Million
Tongxing Environmental Protection (003027) $1.54 Billion 9.98% 0.33x $386.60 Million
Beijing Originwater Technology (300070) $21.85 Billion 5.70% 1.59x $1.85 Billion

About Tus-Sound Environmental Resources Co Ltd

SHE:000826 China Waste Management
Market Cap
$460.95 Million
CN¥3.15 Billion CNY
Market Cap Rank
#12889 Global
#3854 in China
Share Price
CN¥2.21
Change (1 day)
+4.74%
52-Week Range
CN¥1.86 - CN¥2.81
All Time High
CN¥30.57
Categories
Companies in China Waste Management
About

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