Tianshui Huatian Technology Co Ltd (002185) - Net Assets
Based on the latest financial reports, Tianshui Huatian Technology Co Ltd (002185) has net assets worth CN¥21.58 Billion CNY (≈ $3.16 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥45.15 Billion ≈ $6.61 Billion USD) and total liabilities (CN¥23.57 Billion ≈ $3.45 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 Tianshui Huatian Technology Co Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥21.58 Billion |
| % of Total Assets | 47.79% |
| Annual Growth Rate | 27.35% |
| 5-Year Change | 19.59% |
| 10-Year Change | 290.24% |
| Growth Volatility | 42.37 |
Tianshui Huatian Technology Co Ltd - Net Assets Trend (2004–2025)
This chart illustrates how Tianshui Huatian Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002185 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tianshui Huatian Technology Co Ltd (2004–2025)
The table below shows the annual net assets of Tianshui Huatian Technology Co Ltd from 2004 to 2025. For live valuation and market cap data, see 002185 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥21.48 Billion ≈ $3.14 Billion |
+5.76% |
| 2024-12-31 | CN¥20.31 Billion ≈ $2.97 Billion |
+6.22% |
| 2023-12-31 | CN¥19.12 Billion ≈ $2.80 Billion |
-0.39% |
| 2022-12-31 | CN¥19.20 Billion ≈ $2.81 Billion |
+6.87% |
| 2021-12-31 | CN¥17.96 Billion ≈ $2.63 Billion |
+54.53% |
| 2020-12-31 | CN¥11.63 Billion ≈ $1.70 Billion |
+17.20% |
| 2019-12-31 | CN¥9.92 Billion ≈ $1.45 Billion |
+52.05% |
| 2018-12-31 | CN¥6.52 Billion ≈ $954.62 Million |
+8.81% |
| 2017-12-31 | CN¥6.00 Billion ≈ $877.34 Million |
+8.90% |
| 2016-12-31 | CN¥5.51 Billion ≈ $805.61 Million |
+4.15% |
| 2015-12-31 | CN¥5.29 Billion ≈ $773.54 Million |
+109.37% |
| 2014-12-31 | CN¥2.52 Billion ≈ $369.47 Million |
+27.97% |
| 2013-12-31 | CN¥1.97 Billion ≈ $288.71 Million |
+28.73% |
| 2012-12-31 | CN¥1.53 Billion ≈ $224.27 Million |
+5.81% |
| 2011-12-31 | CN¥1.45 Billion ≈ $211.96 Million |
+42.26% |
| 2010-12-31 | CN¥1.02 Billion ≈ $149.00 Million |
+10.74% |
| 2009-12-31 | CN¥919.50 Million ≈ $134.55 Million |
+9.20% |
| 2008-12-31 | CN¥842.00 Million ≈ $123.21 Million |
+6.44% |
| 2007-12-31 | CN¥791.05 Million ≈ $115.76 Million |
+183.16% |
| 2006-12-31 | CN¥279.37 Million ≈ $40.88 Million |
+51.59% |
| 2005-12-31 | CN¥184.30 Million ≈ $26.97 Million |
+37.49% |
| 2004-12-31 | CN¥134.05 Million ≈ $19.62 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tianshui Huatian 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 30197.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.19 Billion | 34.77% |
| Other Components | CN¥11.62 Billion | 65.23% |
| Total Equity | CN¥17.81 Billion | 100.00% |
Tianshui Huatian Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Tianshui Huatian Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Waaree Energies Limited
NSE:WAAREEENER
|
$9.54 Billion |
|
MOWI ASA SP.ADR
F:PNDA
|
$9.54 Billion |
|
Medibank Private Ltd
AU:MPL
|
$9.55 Billion |
|
Novoray Corporation
SHG:688300
|
$9.56 Billion |
|
Swancor Advanced Materials Co Ltd
SHG:688585
|
$9.52 Billion |
|
Godaddy Inc
NYSE:GDDY
|
$9.51 Billion |
|
Tripod Technology Corp
TW:3044
|
$9.49 Billion |
|
Skechers USA Inc
NYSE:SKX
|
$9.49 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tianshui Huatian Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 16,658,594,709 to 17,812,985,255, a change of 1,154,390,546 (6.9%).
- Net income of 710,508,576 contributed positively to equity growth.
- Dividend payments of 508,893,475 reduced retained earnings.
- Other factors increased equity by 952,775,445.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥710.51 Million | +3.99% |
| Dividends Paid | CN¥508.89 Million | -2.86% |
| Other Changes | CN¥952.78 Million | +5.35% |
| Total Change | CN¥- | 6.93% |
Book Value vs Market Value Analysis
This analysis compares Tianshui Huatian 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: 3.59x
- 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 155.13x to 3.59x 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¥0.13 | CN¥19.61 | x |
| 2005-12-31 | CN¥0.17 | CN¥19.61 | x |
| 2006-12-31 | CN¥0.24 | CN¥19.61 | x |
| 2007-12-31 | CN¥0.59 | CN¥19.61 | x |
| 2008-12-31 | CN¥0.48 | CN¥19.61 | x |
| 2009-12-31 | CN¥0.53 | CN¥19.61 | x |
| 2010-12-31 | CN¥0.58 | CN¥19.61 | x |
| 2011-12-31 | CN¥0.82 | CN¥19.61 | x |
| 2012-12-31 | CN¥0.90 | CN¥19.61 | x |
| 2013-12-31 | CN¥1.05 | CN¥19.61 | x |
| 2014-12-31 | CN¥1.39 | CN¥19.61 | x |
| 2015-12-31 | CN¥2.53 | CN¥19.61 | x |
| 2016-12-31 | CN¥2.30 | CN¥19.61 | x |
| 2017-12-31 | CN¥2.51 | CN¥19.61 | x |
| 2018-12-31 | CN¥2.46 | CN¥19.61 | x |
| 2019-12-31 | CN¥3.07 | CN¥19.61 | x |
| 2020-12-31 | CN¥3.10 | CN¥19.61 | x |
| 2021-12-31 | CN¥5.34 | CN¥19.61 | x |
| 2022-12-31 | CN¥4.93 | CN¥19.61 | x |
| 2023-12-31 | CN¥4.94 | CN¥19.61 | x |
| 2024-12-31 | CN¥5.20 | CN¥19.61 | x |
| 2025-12-31 | CN¥5.46 | CN¥19.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tianshui Huatian 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): 3.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.13%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 2.42x
- Recent ROE (3.99%) is below the historical average (9.18%), 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 | 17.94% | 11.20% | 0.70x | 2.29x | CN¥10.64 Million |
| 2005 | 21.03% | 12.35% | 0.75x | 2.28x | CN¥20.32 Million |
| 2006 | 22.06% | 12.02% | 0.81x | 2.27x | CN¥33.68 Million |
| 2007 | 10.25% | 11.86% | 0.58x | 1.50x | CN¥2.00 Million |
| 2008 | 8.17% | 9.23% | 0.64x | 1.37x | CN¥-15.34 Million |
| 2009 | 8.42% | 9.92% | 0.59x | 1.43x | CN¥-14.44 Million |
| 2010 | 11.04% | 9.63% | 0.67x | 1.72x | CN¥10.50 Million |
| 2011 | 5.47% | 6.03% | 0.57x | 1.60x | CN¥-65.36 Million |
| 2012 | 7.94% | 7.46% | 0.64x | 1.68x | CN¥-31.33 Million |
| 2013 | 11.22% | 8.14% | 0.69x | 2.00x | CN¥21.60 Million |
| 2014 | 12.39% | 9.02% | 0.79x | 1.73x | CN¥57.46 Million |
| 2015 | 6.85% | 8.22% | 0.55x | 1.52x | CN¥-146.36 Million |
| 2016 | 7.96% | 7.14% | 0.71x | 1.56x | CN¥-99.89 Million |
| 2017 | 9.26% | 7.06% | 0.75x | 1.75x | CN¥-39.53 Million |
| 2018 | 6.67% | 5.47% | 0.56x | 2.16x | CN¥-194.51 Million |
| 2019 | 3.69% | 3.54% | 0.51x | 2.07x | CN¥-490.02 Million |
| 2020 | 8.25% | 8.37% | 0.43x | 2.27x | CN¥-148.92 Million |
| 2021 | 9.41% | 11.70% | 0.40x | 1.99x | CN¥-89.27 Million |
| 2022 | 4.78% | 6.33% | 0.38x | 1.96x | CN¥-824.96 Million |
| 2023 | 1.43% | 2.00% | 0.33x | 2.13x | CN¥-1.36 Billion |
| 2024 | 3.70% | 4.26% | 0.38x | 2.30x | CN¥-1.05 Billion |
| 2025 | 3.99% | 4.13% | 0.40x | 2.42x | CN¥-1.07 Billion |
Industry Comparison
This section compares Tianshui Huatian 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: $10,419,548,420
- Average return on equity (ROE) among peers: 10.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tianshui Huatian Technology Co Ltd (002185) | CN¥21.58 Billion | 17.94% | 1.09x | $9.54 Billion |
| TCL Corp (000100) | $18.09 Billion | 2.39% | 1.96x | $15.22 Billion |
| TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) | $41.67 Billion | 9.67% | 0.87x | $6.07 Billion |
| TongFu Microelectronics Co Ltd (002156) | $6.26 Billion | 1.95% | 0.94x | $15.16 Billion |
| NAURA Technology Group Co Ltd (002371) | $24.82 Billion | 15.71% | 1.16x | $76.48 Billion |
| Jiangsu Yoke Technology Co Ltd (002409) | $1.13 Billion | 6.43% | 0.15x | $10.46 Billion |
| Guangdong Huafeng New Energy Technology Co Ltd (002806) | $352.03 Million | 7.46% | 0.51x | $668.80 Million |
| Zhejiang Mtcn Technology Co Ltd (003026) | $222.27 Million | 21.95% | 0.58x | $718.10 Million |
| Hubei Tech Semiconductors Co (300046) | $1.11 Billion | 2.81% | 0.10x | $1.07 Billion |
| Shanghai Sinyang Semiconductor (300236) | $118.31 Million | 30.36% | 0.36x | $4.85 Billion |
About Tianshui Huatian Technology Co Ltd
Tianshui Huatian Technology Co., Ltd., together with its subsidiaries, engages in research, development, production, packaging, testing, and sales of semiconductor integrated circuits in China and internationally. It offers integrated circuit packaging products, including multiple series such as DIP, SOT, SOP, QFP, QFN/DFN, BGA/LGA, FC, MCM, SiP, WLP, TSV, Bumping, MEMS, FO, PLP, and 2.5D/3D. It … Read more