TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) - Net Assets

Latest as of December 2025: CN¥39.26 Billion CNY ≈ $5.74 Billion USD

Based on the latest financial reports, TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) has net assets worth CN¥39.26 Billion CNY (≈ $5.74 Billion 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¥118.86 Billion ≈ $17.39 Billion USD) and total liabilities (CN¥79.60 Billion ≈ $11.65 Billion 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 002129 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥39.26 Billion
% of Total Assets	33.03%
Annual Growth Rate	25.65%
5-Year Change	-5.79%
10-Year Change	268.45%
Growth Volatility	39.16

TCL Zhonghuan Renewable Energy Technology Co Ltd - Net Assets Trend (2004–2025)

This chart illustrates how TCL Zhonghuan Renewable Energy Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002129 total assets for the complete picture of this company's asset base.

Annual Net Assets for TCL Zhonghuan Renewable Energy Technology Co Ltd (2004–2025)

The table below shows the annual net assets of TCL Zhonghuan Renewable Energy Technology Co Ltd from 2004 to 2025. For live valuation and market cap data, see TCL Zhonghuan Renewable Energy Technolog (002129) total market value.

Year	Net Assets	Change
2025-12-31	CN¥39.26 Billion ≈ $5.74 Billion	-15.52%
2024-12-31	CN¥46.47 Billion ≈ $6.80 Billion	-22.85%
2023-12-31	CN¥60.24 Billion ≈ $8.81 Billion	+28.00%
2022-12-31	CN¥47.06 Billion ≈ $6.89 Billion	+12.94%
2021-12-31	CN¥41.67 Billion ≈ $6.10 Billion	+48.39%
2020-12-31	CN¥28.08 Billion ≈ $4.11 Billion	+36.66%
2019-12-31	CN¥20.55 Billion ≈ $3.01 Billion	+30.68%
2018-12-31	CN¥15.72 Billion ≈ $2.30 Billion	+20.96%
2017-12-31	CN¥13.00 Billion ≈ $1.90 Billion	+22.00%
2016-12-31	CN¥10.66 Billion ≈ $1.56 Billion	+3.34%
2015-12-31	CN¥10.31 Billion ≈ $1.51 Billion	+53.85%
2014-12-31	CN¥6.70 Billion ≈ $980.74 Million	+84.76%
2013-12-31	CN¥3.63 Billion ≈ $530.83 Million	-0.17%
2012-12-31	CN¥3.63 Billion ≈ $531.75 Million	+91.96%
2011-12-31	CN¥1.89 Billion ≈ $277.01 Million	+11.68%
2010-12-31	CN¥1.70 Billion ≈ $248.03 Million	+11.09%
2009-12-31	CN¥1.53 Billion ≈ $223.27 Million	-3.17%
2008-12-31	CN¥1.58 Billion ≈ $230.59 Million	+31.29%
2007-12-31	CN¥1.20 Billion ≈ $175.63 Million	+154.00%
2006-12-31	CN¥472.51 Million ≈ $69.14 Million	+29.84%
2005-12-31	CN¥363.91 Million ≈ $53.25 Million	+12.11%
2004-12-31	CN¥324.60 Million ≈ $47.50 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 decreased by 12964.8% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	CN¥4.04 Billion	18.40%
Other Comprehensive Income	CN¥1.46 Billion	6.64%
Other Components	CN¥20.31 Billion	92.46%
Total Equity	CN¥21.97 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
CSW Industrials Inc NASDAQ:CSWI	$5.13 Billion
Resideo Technologies Inc NYSE:REZI	$5.13 Billion
One Gas Inc NYSE:OGS	$5.13 Billion
SCOR SE PA:SCR	$5.13 Billion
Elastic NV NYSE:ESTC	$5.12 Billion
Vietnam Rubber Group Ltd VN:GVR	$5.12 Billion
Wingtech Technology Co Ltd SHG:600745	$5.12 Billion
SM Energy Co NYSE:SM	$5.11 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 2024 to 2025, total equity changed from 30,906,672,000 to 21,968,071,000, a change of -8,938,601,000 (-28.9%).
Net loss of 9,263,789,000 reduced equity.
Dividend payments of 1,399,290,112 reduced retained earnings.
Other comprehensive income decreased equity by 213,905,000.
Other factors increased equity by 1,938,383,112.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-9.26 Billion	-42.17%
Dividends Paid	CN¥1.40 Billion	-6.37%
Other Comprehensive Income	CN¥-213.91 Million	-0.97%
Other Changes	CN¥1.94 Billion	+8.82%
Total Change	CN¥-	-28.92%

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: 1.57x
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 30.89x to 1.57x 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¥8.66	x
2005-12-31	CN¥0.31	CN¥8.66	x
2006-12-31	CN¥0.30	CN¥8.66	x
2007-12-31	CN¥0.67	CN¥8.66	x
2008-12-31	CN¥0.78	CN¥8.66	x
2009-12-31	CN¥0.70	CN¥8.66	x
2010-12-31	CN¥0.77	CN¥8.66	x
2011-12-31	CN¥0.85	CN¥8.66	x
2012-12-31	CN¥1.72	CN¥8.66	x
2013-12-31	CN¥1.45	CN¥8.66	x
2014-12-31	CN¥2.59	CN¥8.66	x
2015-12-31	CN¥3.51	CN¥8.66	x
2016-12-31	CN¥3.19	CN¥8.66	x
2017-12-31	CN¥3.57	CN¥8.66	x
2018-12-31	CN¥3.94	CN¥8.66	x
2019-12-31	CN¥4.05	CN¥8.66	x
2020-12-31	CN¥5.32	CN¥8.66	x
2021-12-31	CN¥8.28	CN¥8.66	x
2022-12-31	CN¥9.35	CN¥8.66	x
2023-12-31	CN¥10.34	CN¥8.66	x
2024-12-31	CN¥7.75	CN¥8.66	x
2025-12-31	CN¥5.50	CN¥8.66	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): -42.17%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -31.90%
• Asset Turnover: 0.24x
• Equity Multiplier: 5.41x
Recent ROE (-42.17%) is below the historical average (3.42%), 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	18.08%	13.19%	0.55x	2.48x	CN¥33.37 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	10.80%	7.16%	0.39x	3.85x	CN¥13.45 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	3.07x	CN¥-831.71 Million
2021	12.72%	9.80%	0.53x	2.46x	CN¥862.39 Million
2022	18.13%	10.18%	0.62x	2.88x	CN¥3.06 Billion
2023	8.23%	5.78%	0.47x	3.01x	CN¥-732.32 Million
2024	-31.77%	-34.55%	0.23x	4.06x	CN¥-12.91 Billion
2025	-42.17%	-31.90%	0.24x	5.41x	CN¥-11.46 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: $19,648,823,109
Average return on equity (ROE) among peers: 3.78%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
TCL Zhonghuan Renewable Energy Technology Co Ltd (002129)	CN¥39.26 Billion	18.63%	2.03x	$5.12 Billion
TCL Corp (000100)	$132.70 Billion	1.18%	1.85x	$13.00 Billion
TongFu Microelectronics Co Ltd (002156)	$222.39 Million	16.98%	3.34x	$11.50 Billion
Tianshui Huatian Technology Co Ltd (002185)	$279.37 Million	22.06%	1.27x	$6.27 Billion
NAURA Technology Group Co Ltd (002371)	$32.23 Billion	17.44%	1.04x	$56.96 Billion
Jiangsu Yoke Technology Co Ltd (002409)	$4.26 Billion	3.12%	0.12x	$5.90 Billion
Guangdong Huafeng New Energy Technology Co Ltd (002806)	$872.24 Million	-37.18%	0.97x	$437.78 Million
Zhejiang Mtcn Technology Co Ltd (003026)	$648.76 Million	3.51%	0.98x	$948.18 Million
Hubei Tech Semiconductors Co (300046)	$645.15 Million	5.00%	0.19x	$1.12 Billion
Shanghai Sinyang Semiconductor (300236)	$4.99 Billion	1.88%	0.33x	$4.35 Billion

About TCL Zhonghuan Renewable Energy Technology Co Ltd

SHE:002129 China Semiconductor Equipment & Materials

Market Cap

$5.12 Billion

CN¥35.01 Billion CNY

Market Cap Rank

#3521 Global

#542 in China

Share Price

CN¥8.66

Change (1 day)

+0.46%

52-Week Range

CN¥7.17 - CN¥11.68

All Time High

CN¥15284.15