Tianma Bearing Group Co Ltd
HuiZhou Intelligence Technology Group Co., Ltd engages in the high-end equipment manufacturing business in China and internationally. It operates through High-End Equipment Manufacturing Business, Venture Capital Services and Asset Management, Big Model Data Service Business, and Media Business segments. The company offers CNC vertical and horizontal lathes, high-precision CNC double-column fixed… Read more
Tianma Bearing Group Co Ltd (002122) - Net Assets
Latest net assets as of September 2025: CN¥2.37 Billion CNY
Based on the latest financial reports, Tianma Bearing Group Co Ltd (002122) has net assets worth CN¥2.37 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¥3.76 Billion) and total liabilities (CN¥1.40 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¥2.37 Billion |
| % of Total Assets | 62.88% |
| Annual Growth Rate | 15.79% |
| 5-Year Change | 17.87% |
| 10-Year Change | -58.31% |
| Growth Volatility | 82.73 |
Tianma Bearing Group Co Ltd - Net Assets Trend (2003–2024)
This chart illustrates how Tianma Bearing Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tianma Bearing Group Co Ltd (2003–2024)
The table below shows the annual net assets of Tianma Bearing Group Co Ltd from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.08 Billion | -14.74% |
| 2023-12-31 | CN¥2.44 Billion | +6.00% |
| 2022-12-31 | CN¥2.30 Billion | +145.07% |
| 2021-12-31 | CN¥939.35 Million | -46.78% |
| 2020-12-31 | CN¥1.77 Billion | +4.97% |
| 2019-12-31 | CN¥1.68 Billion | -50.58% |
| 2018-12-31 | CN¥3.40 Billion | -15.88% |
| 2017-12-31 | CN¥4.04 Billion | -13.55% |
| 2016-12-31 | CN¥4.68 Billion | -6.23% |
| 2015-12-31 | CN¥4.99 Billion | +0.29% |
| 2014-12-31 | CN¥4.98 Billion | -0.08% |
| 2013-12-31 | CN¥4.98 Billion | -2.10% |
| 2012-12-31 | CN¥5.09 Billion | +1.84% |
| 2011-12-31 | CN¥4.99 Billion | +6.47% |
| 2010-12-31 | CN¥4.69 Billion | +16.60% |
| 2009-12-31 | CN¥4.02 Billion | +66.13% |
| 2008-12-31 | CN¥2.42 Billion | +30.06% |
| 2007-12-31 | CN¥1.86 Billion | +344.98% |
| 2006-12-31 | CN¥418.46 Million | +88.15% |
| 2005-12-31 | CN¥222.41 Million | +66.33% |
| 2004-12-31 | CN¥133.71 Million | +39.79% |
| 2003-12-31 | CN¥95.65 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tianma Bearing Group Co Ltd'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 decreased by 112259499900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥2.00 Billion | 105.10% |
| Other Comprehensive Income | CN¥199.42 Million | 10.47% |
| Other Components | CN¥826.01 Million | 43.38% |
| Total Equity | CN¥1.90 Billion | 100.00% |
Tianma Bearing Group Co Ltd Competitors by Market Cap
The table below lists competitors of Tianma Bearing Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aktia Bank Oyj
LSE:0QF8
|
$500.28 Million |
|
Xilong Chemical Co Ltd
SHE:002584
|
$500.38 Million |
|
SY HOLDINGS GROUP HD-01
F:9U0
|
$500.40 Million |
|
Raksul Inc.
PINK:RKSLF
|
$500.53 Million |
|
Guangzhou Fangbang Electronics Co Ltd
SHG:688020
|
$500.03 Million |
|
WuXi Xinje Electric Co Ltd
SHG:603416
|
$499.99 Million |
|
BLOOMSBURY PUBL. LS-0125
F:5JZ
|
$499.91 Million |
|
Shanghai Zhongzhou Special Alloy Materials Co. Ltd.
SHE:300963
|
$499.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tianma Bearing Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,267,910,628 to 1,904,333,596, a change of -363,577,032 (-16.0%).
- Net loss of 371,307,901 reduced equity.
- Dividend payments of 3,138,006 reduced retained earnings.
- Other comprehensive income increased equity by 199,420,873.
- Other factors decreased equity by 188,551,998.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-371.31 Million | -19.5% |
| Dividends Paid | CN¥3.14 Million | -0.16% |
| Other Comprehensive Income | CN¥199.42 Million | +10.47% |
| Other Changes | CN¥-188.55 Million | -9.9% |
| Total Change | CN¥- | -16.03% |
Book Value vs Market Value Analysis
This analysis compares Tianma Bearing Group Co Ltd'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: 3.14x
- 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 38.08x to 3.14x 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¥0.08 | CN¥2.99 | x |
| 2004-12-31 | CN¥0.11 | CN¥2.99 | x |
| 2005-12-31 | CN¥0.26 | CN¥2.99 | x |
| 2006-12-31 | CN¥0.48 | CN¥2.99 | x |
| 2007-12-31 | CN¥1.57 | CN¥2.99 | x |
| 2008-12-31 | CN¥1.92 | CN¥2.99 | x |
| 2009-12-31 | CN¥3.21 | CN¥2.99 | x |
| 2010-12-31 | CN¥3.68 | CN¥2.99 | x |
| 2011-12-31 | CN¥3.94 | CN¥2.99 | x |
| 2012-12-31 | CN¥4.00 | CN¥2.99 | x |
| 2013-12-31 | CN¥4.56 | CN¥2.99 | x |
| 2014-12-31 | CN¥4.20 | CN¥2.99 | x |
| 2015-12-31 | CN¥4.03 | CN¥2.99 | x |
| 2016-12-31 | CN¥3.76 | CN¥2.99 | x |
| 2017-12-31 | CN¥2.96 | CN¥2.99 | x |
| 2018-12-31 | CN¥2.70 | CN¥2.99 | x |
| 2019-12-31 | CN¥1.31 | CN¥2.99 | x |
| 2020-12-31 | CN¥1.35 | CN¥2.99 | x |
| 2021-12-31 | CN¥0.61 | CN¥2.99 | x |
| 2022-12-31 | CN¥1.67 | CN¥2.99 | x |
| 2023-12-31 | CN¥1.14 | CN¥2.99 | x |
| 2024-12-31 | CN¥0.95 | CN¥2.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tianma Bearing Group Co Ltd 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): -19.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -39.64%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.75x
- Recent ROE (-19.50%) is below the historical average (0.80%), 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 | 28.96% | 9.21% | 1.14x | 2.76x | CN¥18.14 Million |
| 2004 | 40.38% | 13.47% | 0.97x | 3.08x | CN¥40.25 Million |
| 2005 | 42.06% | 15.28% | 1.13x | 2.44x | CN¥68.62 Million |
| 2006 | 48.87% | 18.94% | 1.05x | 2.47x | CN¥151.73 Million |
| 2007 | 16.04% | 19.22% | 0.30x | 2.78x | CN¥96.84 Million |
| 2008 | 24.74% | 16.30% | 0.59x | 2.57x | CN¥308.38 Million |
| 2009 | 14.65% | 16.98% | 0.56x | 1.55x | CN¥175.83 Million |
| 2010 | 14.94% | 18.38% | 0.55x | 1.48x | CN¥217.60 Million |
| 2011 | 8.88% | 13.49% | 0.43x | 1.52x | CN¥-52.69 Million |
| 2012 | 4.50% | 8.62% | 0.35x | 1.51x | CN¥-264.45 Million |
| 2013 | 0.66% | 1.53% | 0.27x | 1.60x | CN¥-440.60 Million |
| 2014 | 0.71% | 1.55% | 0.29x | 1.58x | CN¥-439.45 Million |
| 2015 | 0.99% | 2.25% | 0.28x | 1.59x | CN¥-427.92 Million |
| 2016 | -5.85% | -19.30% | 0.20x | 1.49x | CN¥-707.44 Million |
| 2017 | 1.35% | 2.05% | 0.29x | 2.23x | CN¥-333.34 Million |
| 2018 | -19.78% | -33.93% | 0.24x | 2.43x | CN¥-956.07 Million |
| 2019 | -106.39% | -140.26% | 0.25x | 2.98x | CN¥-1.81 Billion |
| 2020 | 9.99% | 22.16% | 0.16x | 2.78x | CN¥-131.46K |
| 2021 | -98.96% | -86.85% | 0.20x | 5.62x | CN¥-801.01 Million |
| 2022 | 4.04% | 12.11% | 0.20x | 1.67x | CN¥-125.66 Million |
| 2023 | 6.21% | 17.57% | 0.21x | 1.65x | CN¥-86.00 Million |
| 2024 | -19.50% | -39.64% | 0.28x | 1.75x | CN¥-561.74 Million |
Industry Comparison
This section compares Tianma Bearing Group Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,242,592,243
- Average return on equity (ROE) among peers: 0.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tianma Bearing Group Co Ltd (002122) | CN¥2.37 Billion | 28.96% | 0.59x | $500.15 Million |
| Huayi Compressor Co Ltd (000404) | $83.42 Million | 0.00% | 1.93x | $437.73 Million |
| Shenyang Machine Tool Co Ltd (000410) | $973.75 Million | 2.65% | 2.70x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $351.55 Million | 1.05% | 0.46x | $1.93 Billion |
| Changchai Co Ltd (000570) | $1.42 Billion | 15.77% | 1.09x | $381.98 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $654.39 Million | 0.62% | 0.63x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $374.06 Million | -44.66% | 1.53x | $540.37 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $2.16 Billion | 10.62% | 0.70x | $970.60 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.86 Billion | 4.58% | 0.58x | $763.60 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $316.88 Million | 9.87% | 0.41x | $876.35 Million |
| Ning Xia Yin Xing Energy Co Ltd (000862) | $4.23 Billion | 3.79% | 1.25x | $459.10 Million |