Shandong Tengda Fasten Tech
Shandong Tengda Fasten Tech. Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of stainless-steel fastener products in China and internationally. The company offers bolts, nuts, studs, screws, grommets, assemblies, and other products. Its products are used in the automotive, high-speed rail, construction, nuclear power, new energy, machinery equ… Read more
Shandong Tengda Fasten Tech (001379) - Net Assets
Latest net assets as of September 2025: CN¥1.53 Billion CNY
Based on the latest financial reports, Shandong Tengda Fasten Tech (001379) has net assets worth CN¥1.53 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¥2.64 Billion) and total liabilities (CN¥1.11 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¥1.53 Billion |
| % of Total Assets | 57.84% |
| Annual Growth Rate | 26.9% |
| 5-Year Change | 190.21% |
| 10-Year Change | N/A |
| Growth Volatility | 45.97 |
Shandong Tengda Fasten Tech - Net Assets Trend (2019–2024)
This chart illustrates how Shandong Tengda Fasten Tech's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shandong Tengda Fasten Tech (2019–2024)
The table below shows the annual net assets of Shandong Tengda Fasten Tech from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | CN¥1.46 Billion | +124.02% |
| 2023-09-30 | CN¥652.21 Million | +15.15% |
| 2022-09-30 | CN¥566.40 Million | +15.76% |
| 2021-09-30 | CN¥489.28 Million | -2.82% |
| 2020-09-30 | CN¥503.46 Million | +13.46% |
| 2019-09-30 | CN¥443.74 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Tengda Fasten Tech'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 352.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥352.65 Million | 24.15% |
| Common Stock | CN¥200.00 Million | 13.70% |
| Other Comprehensive Income | CN¥64.97 Million | 4.45% |
| Other Components | CN¥842.72 Million | 57.71% |
| Total Equity | CN¥1.46 Billion | 100.00% |
Shandong Tengda Fasten Tech Competitors by Market Cap
The table below lists competitors of Shandong Tengda Fasten Tech ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Yongda Automobiles Services Holdings Ltd
F:1CY
|
$185.88 Million |
|
Kuber Resources Corporation
OTCQB:KUBR
|
$185.92 Million |
|
Can2 Termik AS
IS:CANTE
|
$185.94 Million |
|
Solowin Holdings
NASDAQ:AXG
|
$186.11 Million |
|
ZOTEFOAMS PLC LS-05
F:23Z
|
$185.67 Million |
|
Brightcom Group Limited
NSE:BCG
|
$185.67 Million |
|
FEDERAL AGRIC.N.-C.PFD D
F:A351
|
$185.65 Million |
|
Settlebank Corporation
KQ:234340
|
$185.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Tengda Fasten Tech's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 652,210,744 to 1,460,343,088, a change of 808,132,344 (123.9%).
- Net income of 76,629,876 contributed positively to equity growth.
- Dividend payments of 36,830,405 reduced retained earnings.
- Other comprehensive income increased equity by 6,607,449.
- Other factors increased equity by 761,725,424.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥76.63 Million | +5.25% |
| Dividends Paid | CN¥36.83 Million | -2.52% |
| Other Comprehensive Income | CN¥6.61 Million | +0.45% |
| Other Changes | CN¥761.73 Million | +52.16% |
| Total Change | CN¥- | 123.91% |
Book Value vs Market Value Analysis
This analysis compares Shandong Tengda Fasten Tech'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: 3.02x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 12.05x to 3.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-09-30 | CN¥1.86 | CN¥22.44 | x |
| 2020-09-30 | CN¥2.13 | CN¥22.44 | x |
| 2021-09-30 | CN¥2.45 | CN¥22.44 | x |
| 2022-09-30 | CN¥2.83 | CN¥22.44 | x |
| 2023-09-30 | CN¥4.34 | CN¥22.44 | x |
| 2024-09-30 | CN¥7.43 | CN¥22.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Tengda Fasten Tech 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): 5.25%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.24%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 1.48x
- Recent ROE (5.25%) is below the historical average (13.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 3.42% | 1.41% | 0.98x | 2.48x | CN¥-24.50 Million |
| 2020 | 12.32% | 4.86% | 1.27x | 2.00x | CN¥9.89 Million |
| 2021 | 22.02% | 6.76% | 1.29x | 2.53x | CN¥58.79 Million |
| 2022 | 23.82% | 6.20% | 1.36x | 2.83x | CN¥78.28 Million |
| 2023 | 13.13% | 4.93% | 1.22x | 2.17x | CN¥20.39 Million |
| 2024 | 5.25% | 4.24% | 0.84x | 1.48x | CN¥-69.40 Million |
Industry Comparison
This section compares Shandong Tengda Fasten Tech's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $1,668,594,774
- Average return on equity (ROE) among peers: 13.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Tengda Fasten Tech (001379) | CN¥1.53 Billion | 3.42% | 0.73x | $185.77 Million |
| Bosun Tools Co Ltd (002282) | $213.66 Million | 25.32% | 0.75x | $216.27 Million |
| Ningbo Ligong Online Monitoring Technology Co Ltd (002322) | $856.94 Million | 8.88% | 0.04x | $386.64 Million |
| Tianjin Saixiang Technology Co Ltd (002337) | $1.31 Billion | 0.60% | 0.21x | $318.26 Million |
| Hangzhou Great Star Industrial Co Ltd (002444) | $3.97 Billion | 12.23% | 0.37x | $2.93 Billion |
| Guangdong Kinlong Hardware Products Co Ltd (002791) | $5.03 Billion | 17.69% | 0.98x | $427.79 Million |
| Shenzhen Kaizhong Precision Technology Co Ltd (002823) | $142.16 Million | 30.39% | 1.69x | $357.28 Million |
| Bichamp Cutting Technology Hunan Co Ltd (002843) | $610.40 Million | 8.30% | 0.14x | $432.29 Million |
| Wafangdian Bearing Co Ltd (200706) | $931.76 Million | 11.83% | 0.98x | $24.70 Million |
| Beijing Dinghan Tech Co (300011) | $1.96 Billion | 2.18% | 0.85x | $428.69 Million |