Tianjin Printronics Circuit Corp (002134) - Net Assets
Based on the latest financial reports, Tianjin Printronics Circuit Corp (002134) has net assets worth CN¥782.08 Million CNY (≈ $114.44 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¥2.11 Billion ≈ $308.67 Million USD) and total liabilities (CN¥1.33 Billion ≈ $194.23 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 asset resilience ratio of Tianjin Printronics Circuit Corp to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥782.08 Million |
| % of Total Assets | 37.08% |
| Annual Growth Rate | 8.33% |
| 5-Year Change | 90.47% |
| 10-Year Change | 45.16% |
| Growth Volatility | 43.37 |
Tianjin Printronics Circuit Corp - Net Assets Trend (2004–2024)
This chart illustrates how Tianjin Printronics Circuit Corp's net assets have evolved over time, based on quarterly financial data. Also explore Tianjin Printronics Circuit Corp assets under control for the complete picture of this company's asset base.
Annual Net Assets for Tianjin Printronics Circuit Corp (2004–2024)
The table below shows the annual net assets of Tianjin Printronics Circuit Corp from 2004 to 2024. For live valuation and market cap data, see how much is Tianjin Printronics Circuit Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥758.16 Million ≈ $110.94 Million |
+3.64% |
| 2023-12-31 | CN¥731.51 Million ≈ $107.04 Million |
+65.43% |
| 2022-12-31 | CN¥442.19 Million ≈ $64.71 Million |
+3.79% |
| 2021-12-31 | CN¥426.04 Million ≈ $62.34 Million |
+7.03% |
| 2020-12-31 | CN¥398.06 Million ≈ $58.25 Million |
+1.65% |
| 2019-12-31 | CN¥391.61 Million ≈ $57.30 Million |
+3.50% |
| 2018-12-31 | CN¥378.36 Million ≈ $55.37 Million |
-13.54% |
| 2017-12-31 | CN¥437.62 Million ≈ $64.04 Million |
+3.35% |
| 2016-12-31 | CN¥423.43 Million ≈ $61.96 Million |
-18.93% |
| 2015-12-31 | CN¥522.30 Million ≈ $76.43 Million |
-8.46% |
| 2014-12-31 | CN¥570.60 Million ≈ $83.50 Million |
+1.72% |
| 2013-12-31 | CN¥560.97 Million ≈ $82.09 Million |
-7.99% |
| 2012-12-31 | CN¥609.67 Million ≈ $89.21 Million |
-12.64% |
| 2011-12-31 | CN¥697.91 Million ≈ $102.13 Million |
+0.37% |
| 2010-12-31 | CN¥695.35 Million ≈ $101.75 Million |
-2.59% |
| 2009-12-31 | CN¥713.84 Million ≈ $104.46 Million |
+0.40% |
| 2008-12-31 | CN¥710.96 Million ≈ $104.04 Million |
+2.11% |
| 2007-12-31 | CN¥696.27 Million ≈ $101.89 Million |
+185.92% |
| 2006-12-31 | CN¥243.52 Million ≈ $35.63 Million |
+28.91% |
| 2005-12-31 | CN¥188.90 Million ≈ $27.64 Million |
+23.37% |
| 2004-12-31 | CN¥153.12 Million ≈ $22.41 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tianjin Printronics Circuit Corp'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 356.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥245.85 Million | 51.11% |
| Other Comprehensive Income | CN¥26.26 Million | 5.46% |
| Other Components | CN¥276.61 Million | 57.51% |
| Total Equity | CN¥480.99 Million | 100.00% |
Tianjin Printronics Circuit Corp Competitors by Market Cap
The table below lists competitors of Tianjin Printronics Circuit Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anhui Expressway Company Limited
F:HU7
|
$1.07 Billion |
|
MAGYAR TELE.A ADR/5 UF100
F:MGYA
|
$1.07 Billion |
|
Abcellera Biologics Inc
NASDAQ:ABCL
|
$1.07 Billion |
|
SHOP APOTH. UNSP.ADR/010
F:SAE1
|
$1.07 Billion |
|
Zhejiang Tianyu Pharmaceutical Co Ltd
SHE:300702
|
$1.07 Billion |
|
Hapvida Participações e Investimentos S.A.
SA:HAPV3
|
$1.07 Billion |
|
Oaktree Specialty Lending Corp
NASDAQ:OCSL
|
$1.07 Billion |
|
XiAn ChenXi Aviation Technology Corp Ltd
SHE:300581
|
$1.07 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tianjin Printronics Circuit Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 451,482,538 to 480,991,749, a change of 29,509,211 (6.5%).
- Net income of 33,864,374 contributed positively to equity growth.
- Dividend payments of 11,368,496 reduced retained earnings.
- Other comprehensive income increased equity by 25,664,970.
- Other factors decreased equity by 18,651,637.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥33.86 Million | +7.04% |
| Dividends Paid | CN¥11.37 Million | -2.36% |
| Other Comprehensive Income | CN¥25.66 Million | +5.34% |
| Other Changes | CN¥-18.65 Million | -3.88% |
| Total Change | CN¥- | 6.54% |
Book Value vs Market Value Analysis
This analysis compares Tianjin Printronics Circuit Corp'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: 13.87x
- 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 47.61x to 13.87x 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¥0.62 | CN¥29.56 | x |
| 2005-12-31 | CN¥0.89 | CN¥29.56 | x |
| 2006-12-31 | CN¥1.33 | CN¥29.56 | x |
| 2007-12-31 | CN¥3.17 | CN¥29.56 | x |
| 2008-12-31 | CN¥2.82 | CN¥29.56 | x |
| 2009-12-31 | CN¥2.48 | CN¥29.56 | x |
| 2010-12-31 | CN¥2.88 | CN¥29.56 | x |
| 2011-12-31 | CN¥2.50 | CN¥29.56 | x |
| 2012-12-31 | CN¥2.48 | CN¥29.56 | x |
| 2013-12-31 | CN¥2.32 | CN¥29.56 | x |
| 2014-12-31 | CN¥2.34 | CN¥29.56 | x |
| 2015-12-31 | CN¥2.17 | CN¥29.56 | x |
| 2016-12-31 | CN¥1.71 | CN¥29.56 | x |
| 2017-12-31 | CN¥1.85 | CN¥29.56 | x |
| 2018-12-31 | CN¥1.53 | CN¥29.56 | x |
| 2019-12-31 | CN¥1.59 | CN¥29.56 | x |
| 2020-12-31 | CN¥1.62 | CN¥29.56 | x |
| 2021-12-31 | CN¥1.73 | CN¥29.56 | x |
| 2022-12-31 | CN¥1.80 | CN¥29.56 | x |
| 2023-12-31 | CN¥1.88 | CN¥29.56 | x |
| 2024-12-31 | CN¥2.13 | CN¥29.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tianjin Printronics Circuit Corp 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): 7.04%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.00%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 4.06x
- Recent ROE (7.04%) is above the historical average (1.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 27.64% | 18.03% | 0.87x | 1.76x | CN¥27.02 Million |
| 2005 | 18.94% | 14.11% | 0.72x | 1.87x | CN¥16.89 Million |
| 2006 | 22.39% | 15.91% | 0.79x | 1.78x | CN¥30.17 Million |
| 2007 | 8.51% | 14.56% | 0.50x | 1.18x | CN¥-10.36 Million |
| 2008 | 2.48% | 3.88% | 0.57x | 1.13x | CN¥-53.45 Million |
| 2009 | 0.40% | 0.78% | 0.44x | 1.17x | CN¥-68.51 Million |
| 2010 | -2.78% | -3.44% | 0.68x | 1.19x | CN¥-88.77 Million |
| 2011 | 0.40% | 0.58% | 0.56x | 1.24x | CN¥-66.94 Million |
| 2012 | -14.55% | -20.26% | 0.54x | 1.33x | CN¥-149.61 Million |
| 2013 | -8.61% | -9.37% | 0.64x | 1.43x | CN¥-104.36 Million |
| 2014 | 1.71% | 1.87% | 0.64x | 1.43x | CN¥-47.32 Million |
| 2015 | -9.24% | -12.58% | 0.53x | 1.37x | CN¥-100.50 Million |
| 2016 | -23.33% | -26.81% | 0.60x | 1.46x | CN¥-141.19 Million |
| 2017 | 3.24% | 3.29% | 0.68x | 1.45x | CN¥-29.59 Million |
| 2018 | -15.66% | -15.10% | 0.67x | 1.55x | CN¥-97.11 Million |
| 2019 | 3.23% | 3.03% | 0.72x | 1.48x | CN¥-26.50 Million |
| 2020 | 1.63% | 1.42% | 0.77x | 1.49x | CN¥-33.32 Million |
| 2021 | 6.36% | 3.87% | 0.89x | 1.85x | CN¥-15.52 Million |
| 2022 | 3.63% | 2.77% | 0.76x | 1.72x | CN¥-28.16 Million |
| 2023 | 5.85% | 4.09% | 0.43x | 3.33x | CN¥-18.72 Million |
| 2024 | 7.04% | 3.00% | 0.58x | 4.06x | CN¥-14.23 Million |
Industry Comparison
This section compares Tianjin Printronics Circuit Corp's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $1,239,080,539
- Average return on equity (ROE) among peers: 10.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tianjin Printronics Circuit Corp (002134) | CN¥782.08 Million | 27.64% | 1.70x | $1.07 Billion |
| UniTTEC Co Ltd (000925) | $2.44 Billion | 1.11% | 1.65x | $967.97 Million |
| Unigroup Guoxin Microelectronics Co Ltd (002049) | $210.67 Million | 6.65% | 0.49x | $10.19 Billion |
| Sinosteel Anhui Tianyuan Technology Co Ltd (002057) | $543.84 Million | 12.98% | 0.26x | $1.09 Billion |
| Suzhou Good-Ark Electronics Co Ltd (002079) | $2.75 Billion | 13.47% | 0.24x | $1.54 Billion |
| Ningbo Kangqiang Electronics Co Ltd (002119) | $754.26 Million | 2.29% | 1.14x | $1.28 Billion |
| Tatwah Smartech Co Ltd (002512) | $2.85 Billion | 4.52% | 0.77x | $770.01 Million |
| Chutian Dragon Co Ltd (003040) | $1.37 Billion | 4.56% | 0.48x | $1.02 Billion |
| Jiangsu Huasheng Tianlong Photo (300029) | $194.03 Million | 30.35% | 0.84x | $81.27 Million |
| Nations Technologies Inc (300077) | $32.85 Million | 18.29% | 1.29x | $2.15 Billion |
About Tianjin Printronics Circuit Corp
Tianjin Printronics Circuit Corporation engaged in the research and development, production and sales of printed circuit boards (PCBs) in the People's Republic of China and internationally. The company offers step board, immersion silver surface, immersion tin surface, multi-layer PCB with different solder mask colors, multi-layer board with black solder mask, 1 step HDI, rigid flex board, 1-side… Read more