Tongda Smart Tech (Xiamen) Co. Ltd. A
Tongda Smart Tech (Xiamen) Co., Ltd. offers consumer products for sports and outdoor, home life, health care, and other fields. It provides skipping ropes, silicone sports bottles, skates, sports skates, scooters, badminton racket sets, balance piles, archery target components, boxing, barbell clip accessories, etc.; transparent, rotating, straw and multi-color bottle caps, etc. The company also … Read more
Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) - Net Assets
Latest net assets as of June 2025: CN¥1.41 Billion CNY
Based on the latest financial reports, Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) has net assets worth CN¥1.41 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.73 Billion) and total liabilities (CN¥324.79 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¥1.41 Billion |
| % of Total Assets | 81.27% |
| Annual Growth Rate | 33.39% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 43.72 |
Tongda Smart Tech (Xiamen) Co. Ltd. A - Net Assets Trend (2021–2024)
This chart illustrates how Tongda Smart Tech (Xiamen) Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tongda Smart Tech (Xiamen) Co. Ltd. A (2021–2024)
The table below shows the annual net assets of Tongda Smart Tech (Xiamen) Co. Ltd. A from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.36 Billion | -3.37% |
| 2023-12-31 | CN¥1.41 Billion | +99.71% |
| 2022-12-31 | CN¥704.91 Million | +23.00% |
| 2021-12-31 | CN¥573.09 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tongda Smart Tech (Xiamen) Co. Ltd. A'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 85.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥253.76 Million | 18.65% |
| Other Components | CN¥1.11 Billion | 81.35% |
| Total Equity | CN¥1.36 Billion | 100.00% |
Tongda Smart Tech (Xiamen) Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Tongda Smart Tech (Xiamen) Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bait Vegag Real Estate Development Ltd
TA:BVGG
|
$107.76 Million |
|
Korea Asset In Trust Co Ltd
KO:123890
|
$107.76 Million |
|
Ihlas Haber Ajansi AS
IS:IHAAS
|
$107.77 Million |
|
GrafTech International Ltd
NYSE:EAF
|
$107.77 Million |
|
Feintool International Holding AG
PINK:FEIOF
|
$107.69 Million |
|
Enter Air Sp. z o.o
F:10N
|
$107.59 Million |
|
SIS LIMITED
NSE:SIS
|
$107.59 Million |
|
Foresight Financial
OTCQX:FGFH
|
$107.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tongda Smart Tech (Xiamen) Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,407,788,806 to 1,360,361,285, a change of -47,427,520 (-3.4%).
- Net income of 103,017,967 contributed positively to equity growth.
- Dividend payments of 165,108,020 reduced retained earnings.
- Other factors increased equity by 14,662,533.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥103.02 Million | +7.57% |
| Dividends Paid | CN¥165.11 Million | -12.14% |
| Other Changes | CN¥14.66 Million | +1.08% |
| Total Change | CN¥- | -3.37% |
Book Value vs Market Value Analysis
This analysis compares Tongda Smart Tech (Xiamen) Co. Ltd. A'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: 2.18x
- 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 3.81x to 2.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | CN¥6.82 | CN¥25.99 | x |
| 2022-12-31 | CN¥8.39 | CN¥25.99 | x |
| 2023-12-31 | CN¥12.57 | CN¥25.99 | x |
| 2024-12-31 | CN¥11.91 | CN¥25.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tongda Smart Tech (Xiamen) Co. Ltd. A 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): 7.57%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.61%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.27x
- Recent ROE (7.57%) is below the historical average (14.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 22.92% | 13.82% | 1.15x | 1.44x | CN¥74.03 Million |
| 2022 | 18.67% | 14.13% | 1.03x | 1.29x | CN¥61.14 Million |
| 2023 | 7.18% | 12.65% | 0.48x | 1.18x | CN¥-39.67 Million |
| 2024 | 7.57% | 10.61% | 0.56x | 1.27x | CN¥-33.02 Million |
Industry Comparison
This section compares Tongda Smart Tech (Xiamen) Co. Ltd. A's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $23,981,641,549
- Average return on equity (ROE) among peers: 13.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) | CN¥1.41 Billion | 22.92% | 0.23x | $107.70 Million |
| Midea Group Co Ltd (000333) | $174.30 Billion | 19.35% | 1.79x | $52.26 Billion |
| Gree Electric Appliances Inc of Zhuhai (000651) | $18.38 Billion | 28.50% | 3.64x | $20.32 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $4.47 Billion | 12.97% | 2.19x | $1.73 Billion |
| Suncha Technology Co Ltd (001211) | $871.29 Million | 3.26% | 1.13x | $140.14 Million |
| Beijing Liven Technology Co. Ltd. (001259) | $147.07 Million | 8.03% | 1.46x | $103.19 Million |
| De Rucci Healthy Sleep Co. Ltd. (001323) | $4.36 Billion | 16.25% | 0.33x | $252.27 Million |
| Hefei Snowky Elec Co Ltd (001387) | $243.27 Million | 1.71% | 3.79x | $137.43 Million |
| Elec-Tech International Co Ltd (002005) | $5.99 Billion | 0.33% | 1.24x | $402.60 Million |
| Zhejiang Supor Co Ltd (002032) | $7.07 Billion | 29.23% | 0.83x | $795.41 Million |