Tungkong Inc
Tungkong Inc., together with its subsidiaries, engages in the printing, lamination, and technical service businesses in the People's Republic of China. The company provides printing services, including commercial ticket printing, data processing printing and mailing packaging, personalized color printing, and general commercial labels. It also offers laminating services, such as smart card manufa… Read more
Tungkong Inc (002117) - Net Assets
Latest net assets as of September 2025: CN¥1.41 Billion CNY
Based on the latest financial reports, Tungkong Inc (002117) has net assets worth CN¥1.41 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¥1.92 Billion) and total liabilities (CN¥510.14 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 | 73.44% |
| Annual Growth Rate | 12.26% |
| 5-Year Change | -11.93% |
| 10-Year Change | -6.21% |
| Growth Volatility | 33.17 |
Tungkong Inc - Net Assets Trend (2003–2024)
This chart illustrates how Tungkong Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tungkong Inc (2003–2024)
The table below shows the annual net assets of Tungkong Inc from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.40 Billion | -10.78% |
| 2023-12-31 | CN¥1.57 Billion | +0.83% |
| 2022-12-31 | CN¥1.55 Billion | -1.81% |
| 2021-12-31 | CN¥1.58 Billion | -0.29% |
| 2020-12-31 | CN¥1.59 Billion | -3.27% |
| 2019-12-31 | CN¥1.64 Billion | +0.80% |
| 2018-12-31 | CN¥1.63 Billion | +7.21% |
| 2017-12-31 | CN¥1.52 Billion | -4.66% |
| 2016-12-31 | CN¥1.59 Billion | +6.85% |
| 2015-12-31 | CN¥1.49 Billion | +8.75% |
| 2014-12-31 | CN¥1.37 Billion | +9.89% |
| 2013-12-31 | CN¥1.25 Billion | +7.52% |
| 2012-12-31 | CN¥1.16 Billion | +5.63% |
| 2011-12-31 | CN¥1.10 Billion | +8.64% |
| 2010-12-31 | CN¥1.01 Billion | +65.12% |
| 2009-12-31 | CN¥612.06 Million | +8.53% |
| 2008-12-31 | CN¥563.94 Million | +8.13% |
| 2007-12-31 | CN¥521.54 Million | +147.17% |
| 2006-12-31 | CN¥211.00 Million | +9.97% |
| 2005-12-31 | CN¥191.87 Million | +16.98% |
| 2004-12-31 | CN¥164.02 Million | +33.20% |
| 2003-12-31 | CN¥123.13 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tungkong Inc'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 1327.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥395.16 Million | 28.27% |
| Common Stock | CN¥523.72 Million | 37.47% |
| Other Components | CN¥478.86 Million | 34.26% |
| Total Equity | CN¥1.40 Billion | 100.00% |
Tungkong Inc Competitors by Market Cap
The table below lists competitors of Tungkong Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
First Resources Limited
PINK:FTROF
|
$504.68 Million |
|
Shenyang Toly Bread Co Ltd
SHG:603866
|
$504.95 Million |
|
Aveanna Healthcare Holdings Inc
NASDAQ:AVAH
|
$504.99 Million |
|
Wolfspeed, Inc.
NYSE:WOLF
|
$505.06 Million |
|
Park Aerospace Corp
NYSE:PKE
|
$504.47 Million |
|
Fujian Zhangzhou Development Co Ltd
SHE:000753
|
$504.34 Million |
|
Brainbees Solutions Limited
NSE:FIRSTCRY
|
$504.30 Million |
|
EGing Photovoltaic Technology Co Ltd
SHG:600537
|
$504.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tungkong Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,566,652,288 to 1,397,750,253, a change of -168,902,035 (-10.8%).
- Net income of 157,817,362 contributed positively to equity growth.
- Dividend payments of 164,028,984 reduced retained earnings.
- Share repurchases of 163,411,601 reduced equity.
- Other comprehensive income decreased equity by 370,184,912.
- Other factors increased equity by 370,906,100.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥157.82 Million | +11.29% |
| Dividends Paid | CN¥164.03 Million | -11.74% |
| Share Repurchases | CN¥163.41 Million | -11.69% |
| Other Comprehensive Income | CN¥-370.18 Million | -26.48% |
| Other Changes | CN¥370.91 Million | +26.54% |
| Total Change | CN¥- | -10.78% |
Book Value vs Market Value Analysis
This analysis compares Tungkong Inc'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: 4.13x
- 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 18.86x to 4.13x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | CN¥0.58 | CN¥11.02 | x |
| 2004-12-31 | CN¥0.77 | CN¥11.02 | x |
| 2005-12-31 | CN¥0.87 | CN¥11.02 | x |
| 2006-12-31 | CN¥0.99 | CN¥11.02 | x |
| 2007-12-31 | CN¥1.94 | CN¥11.02 | x |
| 2008-12-31 | CN¥1.98 | CN¥11.02 | x |
| 2009-12-31 | CN¥2.18 | CN¥11.02 | x |
| 2010-12-31 | CN¥3.59 | CN¥11.02 | x |
| 2011-12-31 | CN¥1.96 | CN¥11.02 | x |
| 2012-12-31 | CN¥2.03 | CN¥11.02 | x |
| 2013-12-31 | CN¥2.20 | CN¥11.02 | x |
| 2014-12-31 | CN¥2.37 | CN¥11.02 | x |
| 2015-12-31 | CN¥2.57 | CN¥11.02 | x |
| 2016-12-31 | CN¥2.79 | CN¥11.02 | x |
| 2017-12-31 | CN¥2.78 | CN¥11.02 | x |
| 2018-12-31 | CN¥2.98 | CN¥11.02 | x |
| 2019-12-31 | CN¥3.00 | CN¥11.02 | x |
| 2020-12-31 | CN¥2.90 | CN¥11.02 | x |
| 2021-12-31 | CN¥2.87 | CN¥11.02 | x |
| 2022-12-31 | CN¥2.82 | CN¥11.02 | x |
| 2023-12-31 | CN¥2.87 | CN¥11.02 | x |
| 2024-12-31 | CN¥2.67 | CN¥11.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tungkong Inc 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): 11.29%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.40%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.45x
- Recent ROE (11.29%) is below the historical average (14.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 29.44% | 12.79% | 1.17x | 1.96x | CN¥22.85 Million |
| 2004 | 24.29% | 10.89% | 1.00x | 2.22x | CN¥22.23 Million |
| 2005 | 27.86% | 12.22% | 1.11x | 2.04x | CN¥31.10 Million |
| 2006 | 26.47% | 12.73% | 0.82x | 2.52x | CN¥32.55 Million |
| 2007 | 11.23% | 11.96% | 0.66x | 1.42x | CN¥6.16 Million |
| 2008 | 11.19% | 11.22% | 0.76x | 1.31x | CN¥6.30 Million |
| 2009 | 12.92% | 13.44% | 0.55x | 1.73x | CN¥16.73 Million |
| 2010 | 8.21% | 11.12% | 0.53x | 1.39x | CN¥-17.23 Million |
| 2011 | 8.29% | 11.12% | 0.58x | 1.29x | CN¥-17.99 Million |
| 2012 | 9.31% | 12.60% | 0.56x | 1.31x | CN¥-7.61 Million |
| 2013 | 10.93% | 14.03% | 0.58x | 1.34x | CN¥11.02 Million |
| 2014 | 12.96% | 15.20% | 0.61x | 1.40x | CN¥38.58 Million |
| 2015 | 15.30% | 17.21% | 0.62x | 1.44x | CN¥74.91 Million |
| 2016 | 14.40% | 14.69% | 0.68x | 1.45x | CN¥66.93 Million |
| 2017 | 15.32% | 16.24% | 0.64x | 1.48x | CN¥80.57 Million |
| 2018 | 15.79% | 16.61% | 0.67x | 1.42x | CN¥94.10 Million |
| 2019 | 16.28% | 17.83% | 0.64x | 1.42x | CN¥102.85 Million |
| 2020 | 10.31% | 13.83% | 0.52x | 1.44x | CN¥4.95 Million |
| 2021 | 11.90% | 15.53% | 0.54x | 1.41x | CN¥29.78 Million |
| 2022 | 8.75% | 12.64% | 0.48x | 1.46x | CN¥-19.19 Million |
| 2023 | 10.42% | 13.60% | 0.54x | 1.41x | CN¥6.65 Million |
| 2024 | 11.29% | 13.40% | 0.58x | 1.45x | CN¥18.04 Million |
Industry Comparison
This section compares Tungkong Inc's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $1,113,620,614
- Average return on equity (ROE) among peers: 4.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tungkong Inc (002117) | CN¥1.41 Billion | 29.44% | 0.36x | $504.60 Million |
| Shaanxi Jinye Science Technology and Education Group Co Ltd (000812) | $406.57 Million | 9.85% | 0.70x | $310.62 Million |
| Eternal Asia Supply Chain Management Ltd (002183) | $1.21 Billion | 12.38% | 3.22x | $1.26 Billion |
| Hongbo Co Ltd (002229) | $1.34 Billion | -21.81% | 1.32x | $1.12 Billion |
| Beijing Shengtong Printing Co Ltd (002599) | $147.72 Million | 16.68% | 1.56x | $346.10 Million |
| Shanghai Nar Industrial Co Ltd (002825) | $1.53 Billion | 8.27% | 0.67x | $277.42 Million |
| Xuchang Ketop Testing Research Ins (003008) | $1.00 Billion | 7.40% | 0.05x | $153.91 Million |
| Suzhou Electrical Apparatus Sci (300215) | $1.83 Billion | 4.73% | 1.24x | $356.39 Million |
| Trust Alliance Information Development Inc Ltd Shanghai (300469) | $166.51 Million | 0.00% | 1.55x | $1.97 Billion |
| Hunan Huakai Cultural and Creative Co Ltd (300592) | $2.38 Billion | 7.16% | 0.87x | $289.91 Million |