Tianma Bearing Group Co Ltd (002122) - Net Assets

Latest as of September 2025: CN¥2.37 Billion CNY ≈ $346.18 Million USD

Based on the latest financial reports, Tianma Bearing Group Co Ltd (002122) has net assets worth CN¥2.37 Billion CNY (≈ $346.18 Million USD) 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 ≈ $550.54 Million USD) and total liabilities (CN¥1.40 Billion ≈ $204.35 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 002122 financial resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore Tianma Bearing Group Co Ltd balance sheet assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 002122 stock market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥2.08 Billion ≈ $304.44 Million	-14.74%
2023-12-31	CN¥2.44 Billion ≈ $357.08 Million	+6.00%
2022-12-31	CN¥2.30 Billion ≈ $336.87 Million	+145.07%
2021-12-31	CN¥939.35 Million ≈ $137.46 Million	-46.78%
2020-12-31	CN¥1.77 Billion ≈ $258.29 Million	+4.97%
2019-12-31	CN¥1.68 Billion ≈ $246.06 Million	-50.58%
2018-12-31	CN¥3.40 Billion ≈ $497.91 Million	-15.88%
2017-12-31	CN¥4.04 Billion ≈ $591.91 Million	-13.55%
2016-12-31	CN¥4.68 Billion ≈ $684.72 Million	-6.23%
2015-12-31	CN¥4.99 Billion ≈ $730.23 Million	+0.29%
2014-12-31	CN¥4.98 Billion ≈ $728.11 Million	-0.08%
2013-12-31	CN¥4.98 Billion ≈ $728.71 Million	-2.10%
2012-12-31	CN¥5.09 Billion ≈ $744.36 Million	+1.84%
2011-12-31	CN¥4.99 Billion ≈ $730.90 Million	+6.47%
2010-12-31	CN¥4.69 Billion ≈ $686.47 Million	+16.60%
2009-12-31	CN¥4.02 Billion ≈ $588.76 Million	+66.13%
2008-12-31	CN¥2.42 Billion ≈ $354.40 Million	+30.06%
2007-12-31	CN¥1.86 Billion ≈ $272.48 Million	+344.98%
2006-12-31	CN¥418.46 Million ≈ $61.23 Million	+88.15%
2005-12-31	CN¥222.41 Million ≈ $32.55 Million	+66.33%
2004-12-31	CN¥133.71 Million ≈ $19.57 Million	+39.79%
2003-12-31	CN¥95.65 Million ≈ $14.00 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
Nanjing Kangni Mechanical & Electrical Co Ltd SHG:603111	$872.90 Million
Keeson Technology Corp Ltd SHG:603610	$872.95 Million
Shandong New Beiyang Information Technology Co Ltd SHE:002376	$872.98 Million
Healthcare Global Enterprises Limited NSE:HCG	$873.06 Million
Molinos Agro SA BA:MOLA	$872.72 Million
Beijing Hualu Baina Film TV SHE:300291	$872.45 Million
Tangrenshen Group Co Ltd SHE:002567	$872.35 Million
Hyundai Bioscience Co. Ltd KQ:048410	$872.13 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: 3.13x
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 37.96x to 3.13x 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¥0.08	CN¥2.98	x
2004-12-31	CN¥0.11	CN¥2.98	x
2005-12-31	CN¥0.26	CN¥2.98	x
2006-12-31	CN¥0.48	CN¥2.98	x
2007-12-31	CN¥1.57	CN¥2.98	x
2008-12-31	CN¥1.92	CN¥2.98	x
2009-12-31	CN¥3.21	CN¥2.98	x
2010-12-31	CN¥3.68	CN¥2.98	x
2011-12-31	CN¥3.94	CN¥2.98	x
2012-12-31	CN¥4.00	CN¥2.98	x
2013-12-31	CN¥4.56	CN¥2.98	x
2014-12-31	CN¥4.20	CN¥2.98	x
2015-12-31	CN¥4.03	CN¥2.98	x
2016-12-31	CN¥3.76	CN¥2.98	x
2017-12-31	CN¥2.96	CN¥2.98	x
2018-12-31	CN¥2.70	CN¥2.98	x
2019-12-31	CN¥1.31	CN¥2.98	x
2020-12-31	CN¥1.35	CN¥2.98	x
2021-12-31	CN¥0.61	CN¥2.98	x
2022-12-31	CN¥1.67	CN¥2.98	x
2023-12-31	CN¥1.14	CN¥2.98	x
2024-12-31	CN¥0.95	CN¥2.98	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: $2,004,947,424
Average return on equity (ROE) among peers: -24.91%

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	$872.79 Million
Huayi Compressor Co Ltd (000404)	$4.89 Billion	8.55%	1.57x	$843.29 Million
Shenyang Machine Tool Co Ltd (000410)	$824.03 Million	-170.30%	29.09x	$2.39 Billion
North Industries Group Red Arrow Co Ltd (000519)	$319.51 Million	4.81%	0.48x	$3.61 Billion
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)	$3.45 Billion	2.58%	0.60x	$520.37 Million
Changchai Co Ltd (000570)	$3.36 Billion	2.28%	0.55x	$522.04 Million
Jiangsu Youli Investment Holding Co Ltd (000584)	$327.45 Million	-65.69%	8.93x	$32.29 Million
Baota Industry Co Ltd (000595)	$746.32 Million	-18.39%	0.62x	$1.06 Billion
SUFA Technology Industry Co Ltd CNNC (000777)	$280.92 Million	8.98%	0.50x	$1.11 Billion
J.S. Corrugating Machinery Co Ltd (000821)	$2.30 Billion	-22.46%	1.14x	$938.81 Million
Qinchuan Machine Tool & Tool Group Share Co Ltd (000837)	$3.55 Billion	0.54%	0.80x	$1.66 Billion

About Tianma Bearing Group Co Ltd

SHE:002122 China Specialty Industrial Machinery

Market Cap

$872.79 Million

CN¥5.96 Billion CNY

Market Cap Rank

#9733 Global

#2736 in China

Share Price

CN¥2.98

Change (1 day)

-0.33%

52-Week Range

CN¥2.75 - CN¥4.68

All Time High

CN¥15.45