Tungkong Inc (002117) - Net Assets

Latest as of December 2025: CN¥1.43 Billion CNY ≈ $209.54 Million USD

Based on the latest financial reports, Tungkong Inc (002117) has net assets worth CN¥1.43 Billion CNY (≈ $209.54 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.03 Billion ≈ $297.71 Million USD) and total liabilities (CN¥602.53 Million ≈ $88.17 Million 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 002117 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.43 Billion
% of Total Assets	70.38%
Annual Growth Rate	11.8%
5-Year Change	-9.51%
10-Year Change	-10.07%
Growth Volatility	32.52

Tungkong Inc - Net Assets Trend (2003–2025)

This chart illustrates how Tungkong Inc's net assets have evolved over time, based on quarterly financial data. Also explore Tungkong Inc balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Tungkong Inc (2003–2025)

The table below shows the annual net assets of Tungkong Inc from 2003 to 2025. For live valuation and market cap data, see how much is Tungkong Inc worth.

Year	Net Assets	Change
2025-12-31	CN¥1.43 Billion ≈ $209.54 Million	+2.45%
2024-12-31	CN¥1.40 Billion ≈ $204.53 Million	-10.78%
2023-12-31	CN¥1.57 Billion ≈ $229.25 Million	+0.83%
2022-12-31	CN¥1.55 Billion ≈ $227.37 Million	-1.81%
2021-12-31	CN¥1.58 Billion ≈ $231.57 Million	-0.29%
2020-12-31	CN¥1.59 Billion ≈ $232.24 Million	-3.27%
2019-12-31	CN¥1.64 Billion ≈ $240.09 Million	+0.80%
2018-12-31	CN¥1.63 Billion ≈ $238.17 Million	+7.21%
2017-12-31	CN¥1.52 Billion ≈ $222.15 Million	-4.66%
2016-12-31	CN¥1.59 Billion ≈ $233.00 Million	+6.85%
2015-12-31	CN¥1.49 Billion ≈ $218.07 Million	+8.75%
2014-12-31	CN¥1.37 Billion ≈ $200.52 Million	+9.89%
2013-12-31	CN¥1.25 Billion ≈ $182.47 Million	+7.52%
2012-12-31	CN¥1.16 Billion ≈ $169.71 Million	+5.63%
2011-12-31	CN¥1.10 Billion ≈ $160.66 Million	+8.64%
2010-12-31	CN¥1.01 Billion ≈ $147.89 Million	+65.12%
2009-12-31	CN¥612.06 Million ≈ $89.56 Million	+8.53%
2008-12-31	CN¥563.94 Million ≈ $82.52 Million	+8.13%
2007-12-31	CN¥521.54 Million ≈ $76.32 Million	+147.17%
2006-12-31	CN¥211.00 Million ≈ $30.88 Million	+9.97%
2005-12-31	CN¥191.87 Million ≈ $28.08 Million	+16.98%
2004-12-31	CN¥164.02 Million ≈ $24.00 Million	+33.20%
2003-12-31	CN¥123.13 Million ≈ $18.02 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 1451.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥429.35 Million	29.98%
Other Components	CN¥1.00 Billion	70.02%
Total Equity	CN¥1.43 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
Nantong Chaoda Equipment Co.Ltd. SHE:301186	$781.72 Million
Rpmglobal Holdings Ltd AU:RUL	$782.09 Million
Compass Pathways Plc NASDAQ:CMPS	$782.13 Million
African Rainbow Capital Investments Ltd JSE:AIL	$782.54 Million
Qingdao Topscomm Commun Inc SHG:603421	$781.62 Million
Talant Optronics (Suzhou) Co. Ltd. SHE:301045	$781.32 Million
Jiangsu Luokai Mechanical & Electrical Co Ltd Class A SHG:603829	$780.90 Million
Apogee Enterprises Inc NASDAQ:APOG	$780.82 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 2024 to 2025, total equity changed from 1,397,750,253 to 1,431,933,628, a change of 34,183,375 (2.4%).
Net income of 144,164,775 contributed positively to equity growth.
Dividend payments of 109,981,401 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥144.16 Million	+10.07%
Dividends Paid	CN¥109.98 Million	-7.68%
Other Changes	CN¥0.92	+0.0%
Total Change	CN¥-	2.45%

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: 3.73x
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 17.45x to 3.73x 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¥10.20	x
2004-12-31	CN¥0.77	CN¥10.20	x
2005-12-31	CN¥0.87	CN¥10.20	x
2006-12-31	CN¥0.99	CN¥10.20	x
2007-12-31	CN¥1.94	CN¥10.20	x
2008-12-31	CN¥1.98	CN¥10.20	x
2009-12-31	CN¥2.18	CN¥10.20	x
2010-12-31	CN¥3.59	CN¥10.20	x
2011-12-31	CN¥1.96	CN¥10.20	x
2012-12-31	CN¥2.03	CN¥10.20	x
2013-12-31	CN¥2.20	CN¥10.20	x
2014-12-31	CN¥2.37	CN¥10.20	x
2015-12-31	CN¥2.57	CN¥10.20	x
2016-12-31	CN¥2.79	CN¥10.20	x
2017-12-31	CN¥2.78	CN¥10.20	x
2018-12-31	CN¥2.98	CN¥10.20	x
2019-12-31	CN¥3.00	CN¥10.20	x
2020-12-31	CN¥2.90	CN¥10.20	x
2021-12-31	CN¥2.87	CN¥10.20	x
2022-12-31	CN¥2.82	CN¥10.20	x
2023-12-31	CN¥2.87	CN¥10.20	x
2024-12-31	CN¥2.64	CN¥10.20	x
2025-12-31	CN¥2.73	CN¥10.20	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): 10.07%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 12.16%
• Asset Turnover: 0.58x
• Equity Multiplier: 1.42x
Recent ROE (10.07%) is below the historical average (14.47%), 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
2025	10.07%	12.16%	0.58x	1.42x	CN¥971.41K

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: $2,064,912,064
Average return on equity (ROE) among peers: 1.25%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Tungkong Inc (002117)	CN¥1.43 Billion	29.44%	0.42x	$781.70 Million
Shaanxi Jinye Science Technology and Education Group Co Ltd (000812)	$1.02 Billion	7.08%	0.49x	$461.18 Million
Eternal Asia Supply Chain Management Ltd (002183)	$10.31 Billion	4.91%	3.20x	$2.12 Billion
Hongbo Co Ltd (002229)	$1.34 Billion	-21.81%	1.32x	$1.19 Billion
Beijing Shengtong Printing Co Ltd (002599)	$1.54 Billion	6.01%	0.53x	$533.94 Million
Shanghai Nar Industrial Co Ltd (002825)	$621.54 Million	9.97%	0.35x	$499.27 Million
Xuchang Ketop Testing Research Ins (003008)	$1.00 Billion	7.40%	0.05x	$357.63 Million
Suzhou Electrical Apparatus Sci (300215)	$260.89 Million	23.37%	2.29x	$938.31 Million
Trust Alliance Information Development Inc Ltd Shanghai (300469)	$294.38 Million	-21.69%	2.51x	$2.17 Billion
Hunan Huakai Cultural and Creative Co Ltd (300592)	$2.19 Billion	-3.99%	0.36x	$769.81 Million

About Tungkong Inc

SHE:002117 China Specialty Business Services

Market Cap

$781.70 Million

CN¥5.34 Billion CNY

Market Cap Rank

#10272 Global

#2961 in China

Share Price

CN¥10.20

Change (1 day)

+1.19%

52-Week Range

CN¥9.43 - CN¥14.24

All Time High

CN¥9928.76