TCL Zhonghuan Renewable Energy Technology Co Ltd
TCL Zhonghuan Renewable Energy Technology Co.,Ltd. engages in the research, development, and manufacture of silicon materials in China and internationally. The company offers mono wafers and shingled modules. It is also involved in the photovoltaic power station business, including resource development, EPC engineering construction and management, maintenance, and other related services. Further,… Read more
TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) - Net Assets
Latest net assets as of September 2025: CN¥40.03 Billion CNY
Based on the latest financial reports, TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) has net assets worth CN¥40.03 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¥123.12 Billion) and total liabilities (CN¥83.09 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¥40.03 Billion |
| % of Total Assets | 32.51% |
| Annual Growth Rate | 28.18% |
| 5-Year Change | 65.75% |
| 10-Year Change | 351.41% |
| Growth Volatility | 38.96 |
TCL Zhonghuan Renewable Energy Technology Co Ltd - Net Assets Trend (2004–2024)
This chart illustrates how TCL Zhonghuan Renewable Energy Technology 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 TCL Zhonghuan Renewable Energy Technology Co Ltd (2004–2024)
The table below shows the annual net assets of TCL Zhonghuan Renewable Energy Technology Co Ltd from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥46.55 Billion | -22.73% |
| 2023-12-31 | CN¥60.24 Billion | +28.00% |
| 2022-12-31 | CN¥47.06 Billion | +12.94% |
| 2021-12-31 | CN¥41.67 Billion | +48.39% |
| 2020-12-31 | CN¥28.08 Billion | +36.66% |
| 2019-12-31 | CN¥20.55 Billion | +30.68% |
| 2018-12-31 | CN¥15.72 Billion | +20.96% |
| 2017-12-31 | CN¥13.00 Billion | +22.00% |
| 2016-12-31 | CN¥10.66 Billion | +3.34% |
| 2015-12-31 | CN¥10.31 Billion | +53.85% |
| 2014-12-31 | CN¥6.70 Billion | +84.76% |
| 2013-12-31 | CN¥3.63 Billion | -0.17% |
| 2012-12-31 | CN¥3.63 Billion | +90.79% |
| 2011-12-31 | CN¥1.90 Billion | +12.37% |
| 2010-12-31 | CN¥1.70 Billion | +11.09% |
| 2009-12-31 | CN¥1.53 Billion | -3.17% |
| 2008-12-31 | CN¥1.58 Billion | +31.29% |
| 2007-12-31 | CN¥1.20 Billion | +156.26% |
| 2006-12-31 | CN¥468.36 Million | +28.70% |
| 2005-12-31 | CN¥363.91 Million | +12.11% |
| 2004-12-31 | CN¥324.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TCL Zhonghuan Renewable Energy Technology 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 grown by 18032.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.42 Billion | 17.53% |
| Common Stock | CN¥4.04 Billion | 13.08% |
| Other Comprehensive Income | CN¥1.67 Billion | 5.41% |
| Other Components | CN¥19.77 Billion | 63.97% |
| Total Equity | CN¥30.91 Billion | 100.00% |
TCL Zhonghuan Renewable Energy Technology Co Ltd Competitors by Market Cap
The table below lists competitors of TCL Zhonghuan Renewable Energy Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
easyJet plc
OTCQX:EJTTF
|
$3.69 Billion |
|
Lifco AB (publ)
PINK:LFCBY
|
$3.69 Billion |
|
Globalstar Inc
NYSE MKT:GSAT
|
$3.69 Billion |
|
Great-West Lifeco Inc 4.50% Non-Cum 1st Pfd Shs Ser I
PINK:GRWTF
|
$3.69 Billion |
|
Shenzhen Kedali Industry Co Ltd
SHE:002850
|
$3.68 Billion |
|
ATCO CLASS 1
F:8A6
|
$3.68 Billion |
|
Meritage Homes Corporation
F:MEY
|
$3.68 Billion |
|
Taiwan Union Technology
TWO:6274
|
$3.67 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TCL Zhonghuan Renewable Energy Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 41,483,746,947 to 30,906,672,000, a change of -10,577,074,947 (-25.5%).
- Net loss of 9,818,365,000 reduced equity.
- Dividend payments of 1,049,907,000 reduced retained earnings.
- Share repurchases of 63,537,000 reduced equity.
- Other comprehensive income increased equity by 1,620,602,446.
- Other factors decreased equity by 1,265,868,393.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-9.82 Billion | -31.77% |
| Dividends Paid | CN¥1.05 Billion | -3.4% |
| Share Repurchases | CN¥63.54 Million | -0.21% |
| Other Comprehensive Income | CN¥1.62 Billion | +5.24% |
| Other Changes | CN¥-1.27 Billion | -4.1% |
| Total Change | CN¥- | -25.50% |
Book Value vs Market Value Analysis
This analysis compares TCL Zhonghuan Renewable Energy Technology 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: 1.29x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 35.07x to 1.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CN¥0.28 | CN¥9.83 | x |
| 2005-12-31 | CN¥0.31 | CN¥9.83 | x |
| 2006-12-31 | CN¥0.30 | CN¥9.83 | x |
| 2007-12-31 | CN¥0.67 | CN¥9.83 | x |
| 2008-12-31 | CN¥0.78 | CN¥9.83 | x |
| 2009-12-31 | CN¥0.70 | CN¥9.83 | x |
| 2010-12-31 | CN¥0.77 | CN¥9.83 | x |
| 2011-12-31 | CN¥0.85 | CN¥9.83 | x |
| 2012-12-31 | CN¥1.72 | CN¥9.83 | x |
| 2013-12-31 | CN¥1.45 | CN¥9.83 | x |
| 2014-12-31 | CN¥5.69 | CN¥9.83 | x |
| 2015-12-31 | CN¥3.51 | CN¥9.83 | x |
| 2016-12-31 | CN¥3.19 | CN¥9.83 | x |
| 2017-12-31 | CN¥3.57 | CN¥9.83 | x |
| 2018-12-31 | CN¥4.93 | CN¥9.83 | x |
| 2019-12-31 | CN¥4.05 | CN¥9.83 | x |
| 2020-12-31 | CN¥5.32 | CN¥9.83 | x |
| 2021-12-31 | CN¥8.28 | CN¥9.83 | x |
| 2022-12-31 | CN¥9.36 | CN¥9.83 | x |
| 2023-12-31 | CN¥10.34 | CN¥9.83 | x |
| 2024-12-31 | CN¥7.64 | CN¥9.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TCL Zhonghuan Renewable Energy Technology 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): -31.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -34.55%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 4.14x
- Recent ROE (-31.77%) is below the historical average (5.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 18.63% | 21.39% | 0.50x | 1.75x | CN¥26.22 Million |
| 2005 | 15.32% | 15.28% | 0.43x | 2.33x | CN¥17.84 Million |
| 2006 | 18.26% | 13.19% | 0.55x | 2.50x | CN¥33.77 Million |
| 2007 | 9.25% | 14.80% | 0.45x | 1.39x | CN¥-8.31 Million |
| 2008 | 9.37% | 16.79% | 0.41x | 1.36x | CN¥-9.57 Million |
| 2009 | -6.55% | -16.43% | 0.21x | 1.90x | CN¥-231.23 Million |
| 2010 | 6.35% | 7.45% | 0.32x | 2.64x | CN¥-55.96 Million |
| 2011 | 10.72% | 7.16% | 0.39x | 3.83x | CN¥12.28 Million |
| 2012 | -2.86% | -3.87% | 0.26x | 2.82x | CN¥-441.38 Million |
| 2013 | 2.05% | 1.92% | 0.35x | 3.04x | CN¥-278.39 Million |
| 2014 | 2.02% | 2.77% | 0.34x | 2.16x | CN¥-522.60 Million |
| 2015 | 1.98% | 4.01% | 0.24x | 2.07x | CN¥-817.58 Million |
| 2016 | 3.81% | 5.93% | 0.29x | 2.18x | CN¥-652.56 Million |
| 2017 | 4.95% | 6.06% | 0.31x | 2.63x | CN¥-595.73 Million |
| 2018 | 4.74% | 4.60% | 0.32x | 3.20x | CN¥-700.23 Million |
| 2019 | 6.41% | 5.35% | 0.34x | 3.48x | CN¥-506.13 Million |
| 2020 | 5.67% | 5.71% | 0.32x | 3.06x | CN¥-831.71 Million |
| 2021 | 12.72% | 9.80% | 0.53x | 2.46x | CN¥862.39 Million |
| 2022 | 18.13% | 10.18% | 0.61x | 2.90x | CN¥3.06 Billion |
| 2023 | 8.23% | 5.78% | 0.47x | 3.01x | CN¥-732.32 Million |
| 2024 | -31.77% | -34.55% | 0.22x | 4.14x | CN¥-12.91 Billion |
Industry Comparison
This section compares TCL Zhonghuan Renewable Energy Technology Co Ltd's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $17,627,578,683
- Average return on equity (ROE) among peers: 7.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) | CN¥40.03 Billion | 18.63% | 2.08x | $3.68 Billion |
| TCL Corp (000100) | $132.14 Billion | 0.20% | 1.72x | $11.00 Billion |
| Inner Mongolia Ojing Science & Technology Co. Ltd. A (001269) | $470.47 Million | 28.36% | 1.12x | $193.39 Million |
| TongFu Microelectronics Co Ltd (002156) | $222.39 Million | 16.98% | 3.34x | $6.97 Billion |
| Tianshui Huatian Technology Co Ltd (002185) | $19.12 Billion | 1.18% | 0.76x | $4.61 Billion |
| NAURA Technology Group Co Ltd (002371) | $3.36 Billion | 2.76% | 0.94x | $23.27 Billion |
| Jiangsu Yoke Technology Co Ltd (002409) | $1.25 Billion | 6.30% | 0.11x | $3.07 Billion |
| Guangdong Huafeng New Energy Technology Co Ltd (002806) | $1.01 Billion | 8.50% | 1.05x | $204.60 Million |
| Zhejiang Mtcn Technology Co Ltd (003026) | $44.34 Million | 1.04% | 0.46x | $308.98 Million |
| Hubei Tech Semiconductors Co (300046) | $1.03 Billion | 4.28% | 0.07x | $823.72 Million |