Jiangsu Topfly New Materials
Jiangsu Topfly New Materials Co., Ltd. engages in the research and development, production, processing, and sale of optoelectronic display thin-film devices in China. The company offers optical diaphragms, polarizers, and functional adhesive materials. Its products are used in LCD TVs, monitors, laptops, tablets, mobile phones, wearable devices, vehicle displays, industrial control and public dis… Read more
Jiangsu Topfly New Materials (001373) - Net Assets
Latest net assets as of June 2025: CN¥896.49 Million CNY
Based on the latest financial reports, Jiangsu Topfly New Materials (001373) has net assets worth CN¥896.49 Million 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¥1.02 Billion) and total liabilities (CN¥124.81 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¥896.49 Million |
| % of Total Assets | 87.78% |
| Annual Growth Rate | 33.08% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 45.12 |
Jiangsu Topfly New Materials - Net Assets Trend (2021–2024)
This chart illustrates how Jiangsu Topfly New Materials's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Jiangsu Topfly New Materials (2021–2024)
The table below shows the annual net assets of Jiangsu Topfly New Materials from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥935.83 Million | -1.10% |
| 2023-12-31 | CN¥946.21 Million | +102.60% |
| 2022-12-31 | CN¥467.04 Million | +17.65% |
| 2021-12-31 | CN¥396.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Topfly New Materials'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 54.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥240.40 Million | 26.80% |
| Other Components | CN¥656.69 Million | 73.20% |
| Total Equity | CN¥897.09 Million | 100.00% |
Jiangsu Topfly New Materials Competitors by Market Cap
The table below lists competitors of Jiangsu Topfly New Materials ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shandong Swan Cotton
SHG:603029
|
$148.62 Million |
|
New Fortress Energy LLC
NASDAQ:NFE
|
$148.67 Million |
|
Zhejiang Guanghua Technology Co. Ltd. A
SHE:001333
|
$148.71 Million |
|
Tongling Jieya Biologic Technology Co. Ltd.
SHE:301108
|
$148.80 Million |
|
Binh Minh Plastics JSC
VN:BMP
|
$148.59 Million |
|
VinFast Auto Ltd. Ordinary Shares
NASDAQ:VFS
|
$148.59 Million |
|
Home Invest Belgium - Sifi
BR:HOMI
|
$148.59 Million |
|
Zaggle Prepaid Ocean Services Limited
NSE:ZAGGLE
|
$148.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Topfly New Materials's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 901,301,985 to 897,086,013, a change of -4,215,972 (-0.5%).
- Net income of 12,268,881 contributed positively to equity growth.
- Dividend payments of 16,381,076 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥12.27 Million | +1.37% |
| Dividends Paid | CN¥16.38 Million | -1.83% |
| Other Changes | CN¥-103.78K | -0.01% |
| Total Change | CN¥- | -0.47% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Topfly New Materials'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: 2.99x
- 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 5.56x to 2.99x 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¥7.02 | CN¥39.03 | x |
| 2022-12-31 | CN¥8.23 | CN¥39.03 | x |
| 2023-12-31 | CN¥13.12 | CN¥39.03 | x |
| 2024-12-31 | CN¥13.06 | CN¥39.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Topfly New Materials 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): 1.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.92%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 1.20x
- Recent ROE (1.37%) is below the historical average (10.52%), 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 | 22.18% | 6.20% | 1.76x | 2.03x | CN¥44.05 Million |
| 2022 | 14.63% | 7.71% | 1.32x | 1.44x | CN¥19.60 Million |
| 2023 | 3.91% | 4.93% | 0.65x | 1.23x | CN¥-54.90 Million |
| 2024 | 1.37% | 1.92% | 0.60x | 1.20x | CN¥-77.44 Million |
Industry Comparison
This section compares Jiangsu Topfly New Materials's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,729,724,236
- Average return on equity (ROE) among peers: 9.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Topfly New Materials (001373) | CN¥896.49 Million | 22.18% | 0.14x | $148.61 Million |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $232.24 Million | -19.09% | 0.85x | $268.56 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.26 Billion | 17.72% | 2.90x | $768.09 Million |
| CPT Technology Group Co Ltd (000536) | $-18.89 Million | 0.00% | 0.00x | $1.06 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $12.01 Billion | 2.72% | 0.32x | $2.22 Billion |
| Xiamen Xindeco Ltd (000701) | $796.35 Million | 5.67% | 2.04x | $315.64 Million |
| BOE Technology Group Co Ltd (000725) | $5.52 Billion | 12.51% | 1.42x | $20.18 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $5.38 Billion | 5.53% | 0.63x | $2.54 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $451.00 Million | 7.52% | 0.67x | $1.39 Billion |
| Beijing Kingfore HV & Energy Conservation Technology Co.Ltd. (001210) | $389.14 Million | 20.02% | 1.72x | $174.91 Million |
| Shanghai Smart Control Co. Ltd. (001266) | $268.16 Million | 42.89% | 0.50x | $149.46 Million |