Yantai Tayho Advanced Materials Co Ltd
Tayho Advanced Materials Group Co., Ltd. engages in the research and development, production, and sale of high-tech fibers in China. It provides Newstar Spandex, a polyurethane elastic fiber that is used in underwear, socks, tights, sportswear, swimwear, laces, and suits, as well as in medical and hygiene textiles, automotive interiors, etc. The company also provides Newstar Meta-aramid, an aroma… Read more
Yantai Tayho Advanced Materials Co Ltd (002254) - Net Assets
Latest net assets as of September 2025: CN¥7.82 Billion CNY
Based on the latest financial reports, Yantai Tayho Advanced Materials Co Ltd (002254) has net assets worth CN¥7.82 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¥15.20 Billion) and total liabilities (CN¥7.38 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¥7.82 Billion |
| % of Total Assets | 51.44% |
| Annual Growth Rate | 12.68% |
| 5-Year Change | 102.47% |
| 10-Year Change | 275.33% |
| Growth Volatility | 24.05 |
Yantai Tayho Advanced Materials Co Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Yantai Tayho Advanced Materials 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 Yantai Tayho Advanced Materials Co Ltd (2005–2024)
The table below shows the annual net assets of Yantai Tayho Advanced Materials Co Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥7.91 Billion | -1.99% |
| 2023-12-31 | CN¥8.07 Billion | +75.30% |
| 2022-12-31 | CN¥4.60 Billion | +1.00% |
| 2021-12-31 | CN¥4.56 Billion | +16.67% |
| 2020-12-31 | CN¥3.91 Billion | +43.47% |
| 2019-12-31 | CN¥2.72 Billion | +10.80% |
| 2018-12-31 | CN¥2.46 Billion | +12.25% |
| 2017-12-31 | CN¥2.19 Billion | +1.35% |
| 2016-12-31 | CN¥2.16 Billion | +2.50% |
| 2015-12-31 | CN¥2.11 Billion | +3.40% |
| 2014-12-31 | CN¥2.04 Billion | +9.26% |
| 2013-12-31 | CN¥1.87 Billion | +7.59% |
| 2012-12-31 | CN¥1.73 Billion | -3.70% |
| 2011-12-31 | CN¥1.80 Billion | -4.14% |
| 2010-12-31 | CN¥1.88 Billion | +10.64% |
| 2009-12-31 | CN¥1.70 Billion | +0.80% |
| 2008-12-31 | CN¥1.68 Billion | +56.68% |
| 2007-12-31 | CN¥1.07 Billion | +57.37% |
| 2006-12-31 | CN¥683.01 Million | -16.58% |
| 2005-12-31 | CN¥818.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Yantai Tayho Advanced Materials 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 511.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.96 Billion | 27.59% |
| Common Stock | CN¥862.95 Million | 12.17% |
| Other Comprehensive Income | CN¥9.55 Million | 0.13% |
| Other Components | CN¥4.26 Billion | 60.11% |
| Total Equity | CN¥7.09 Billion | 100.00% |
Yantai Tayho Advanced Materials Co Ltd Competitors by Market Cap
The table below lists competitors of Yantai Tayho Advanced Materials Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Amara Raja Batteries Limited
NSE:ARE&M
|
$928.91 Million |
|
Hugel Inc
KQ:145020
|
$929.14 Million |
|
Vapores
SN:VAPORES
|
$929.39 Million |
|
Jiangnan Mould & Plastic Technology Co Ltd
SHE:000700
|
$929.41 Million |
|
Shanghai Fortune Techgroup Co Ltd
SHE:300493
|
$928.71 Million |
|
Lindab International AB
ST:LIAB
|
$928.43 Million |
|
Cogent Communications Group Inc
NASDAQ:CCOI
|
$928.13 Million |
|
Guangzhou Zhiguang Electric Co Ltd
SHE:002169
|
$928.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Yantai Tayho Advanced Materials Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,251,653,182 to 7,089,469,890, a change of -162,183,292 (-2.2%).
- Net income of 89,537,092 contributed positively to equity growth.
- Dividend payments of 345,691,707 reduced retained earnings.
- Share repurchases of 97,867,508 reduced equity.
- Other comprehensive income increased equity by 2,808,523.
- Other factors increased equity by 189,030,308.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥89.54 Million | +1.26% |
| Dividends Paid | CN¥345.69 Million | -4.88% |
| Share Repurchases | CN¥97.87 Million | -1.38% |
| Other Comprehensive Income | CN¥2.81 Million | +0.04% |
| Other Changes | CN¥189.03 Million | +2.67% |
| Total Change | CN¥- | -2.24% |
Book Value vs Market Value Analysis
This analysis compares Yantai Tayho Advanced Materials 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: 1.45x
- 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 7.64x to 1.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | CN¥1.60 | CN¥12.20 | x |
| 2006-12-31 | CN¥1.29 | CN¥12.20 | x |
| 2007-12-31 | CN¥2.06 | CN¥12.20 | x |
| 2008-12-31 | CN¥2.90 | CN¥12.20 | x |
| 2009-12-31 | CN¥2.55 | CN¥12.20 | x |
| 2010-12-31 | CN¥2.78 | CN¥12.20 | x |
| 2011-12-31 | CN¥2.73 | CN¥12.20 | x |
| 2012-12-31 | CN¥2.69 | CN¥12.20 | x |
| 2013-12-31 | CN¥2.89 | CN¥12.20 | x |
| 2014-12-31 | CN¥3.09 | CN¥12.20 | x |
| 2015-12-31 | CN¥3.26 | CN¥12.20 | x |
| 2016-12-31 | CN¥3.39 | CN¥12.20 | x |
| 2017-12-31 | CN¥3.25 | CN¥12.20 | x |
| 2018-12-31 | CN¥3.58 | CN¥12.20 | x |
| 2019-12-31 | CN¥3.84 | CN¥12.20 | x |
| 2020-12-31 | CN¥5.45 | CN¥12.20 | x |
| 2021-12-31 | CN¥5.79 | CN¥12.20 | x |
| 2022-12-31 | CN¥5.93 | CN¥12.20 | x |
| 2023-12-31 | CN¥8.49 | CN¥12.20 | x |
| 2024-12-31 | CN¥8.41 | CN¥12.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Yantai Tayho Advanced Materials 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): 1.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.28%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 2.10x
- Recent ROE (1.26%) is below the historical average (9.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 4.91% | 4.30% | 0.59x | 1.94x | CN¥-36.94 Million |
| 2006 | 8.12% | 4.35% | 0.83x | 2.26x | CN¥-11.02 Million |
| 2007 | 37.35% | 19.90% | 1.16x | 1.62x | CN¥256.19 Million |
| 2008 | 11.78% | 12.83% | 0.73x | 1.25x | CN¥27.49 Million |
| 2009 | 7.04% | 9.63% | 0.58x | 1.25x | CN¥-45.98 Million |
| 2010 | 14.98% | 17.18% | 0.66x | 1.33x | CN¥85.08 Million |
| 2011 | 8.46% | 9.05% | 0.67x | 1.40x | CN¥-25.39 Million |
| 2012 | 2.79% | 2.90% | 0.70x | 1.38x | CN¥-114.94 Million |
| 2013 | 4.90% | 4.76% | 0.77x | 1.33x | CN¥-87.72 Million |
| 2014 | 8.08% | 8.51% | 0.68x | 1.39x | CN¥-35.98 Million |
| 2015 | 4.92% | 5.95% | 0.62x | 1.32x | CN¥-98.47 Million |
| 2016 | 2.95% | 3.72% | 0.61x | 1.30x | CN¥-140.73 Million |
| 2017 | 4.93% | 6.44% | 0.59x | 1.29x | CN¥-102.96 Million |
| 2018 | 7.25% | 7.20% | 0.57x | 1.76x | CN¥-59.22 Million |
| 2019 | 10.02% | 9.27% | 0.59x | 1.84x | CN¥538.59K |
| 2020 | 7.53% | 10.68% | 0.39x | 1.80x | CN¥-85.73 Million |
| 2021 | 24.37% | 21.93% | 0.54x | 2.05x | CN¥569.48 Million |
| 2022 | 10.74% | 11.62% | 0.37x | 2.47x | CN¥30.08 Million |
| 2023 | 4.59% | 8.48% | 0.29x | 1.88x | CN¥-392.12 Million |
| 2024 | 1.26% | 2.28% | 0.26x | 2.10x | CN¥-619.41 Million |
Industry Comparison
This section compares Yantai Tayho Advanced Materials Co Ltd's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $2,626,916,213
- Average return on equity (ROE) among peers: 12.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Yantai Tayho Advanced Materials Co Ltd (002254) | CN¥7.82 Billion | 4.91% | 0.94x | $928.76 Million |
| North Huajin Chemical Industries Co Ltd (000059) | $6.22 Billion | 3.15% | 2.45x | $677.73 Million |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $1.22 Billion | 8.90% | 0.47x | $2.89 Billion |
| Zangge Holding Co Ltd (000408) | $13.85 Billion | 18.63% | 0.09x | $11.87 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $31.03 Million | 11.65% | 3.42x | $1.15 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $258.76 Million | 6.78% | 0.30x | $423.89 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $54.68 Million | 39.27% | 1.16x | $225.85 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $184.46 Million | 13.30% | 2.58x | $295.21 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $691.87 Million | 1.61% | 0.02x | $187.22 Million |
| Shenyang Chemical Industry Co Ltd (000698) | $3.01 Billion | 7.14% | 1.28x | $240.44 Million |
| Hubei Shuanghuan Science and Technology Stock Co Ltd (000707) | $759.12 Million | 13.65% | 0.22x | $412.94 Million |