Yantai Tayho Advanced Materials Co Ltd (002254) - Net Assets
Based on the latest financial reports, Yantai Tayho Advanced Materials Co Ltd (002254) has net assets worth CN¥7.82 Billion CNY (≈ $1.14 Billion 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¥15.20 Billion ≈ $2.22 Billion USD) and total liabilities (CN¥7.38 Billion ≈ $1.08 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 002254 strategic asset allocation to assess the company's strategic physical and investment asset allocation.
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. For live market cap and overall valuation, see market cap of Yantai Tayho Advanced Materials Co Ltd.
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. Also explore 002254 shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥7.91 Billion ≈ $1.16 Billion |
-1.99% |
| 2023-12-31 | CN¥8.07 Billion ≈ $1.18 Billion |
+75.30% |
| 2022-12-31 | CN¥4.60 Billion ≈ $673.56 Million |
+1.00% |
| 2021-12-31 | CN¥4.56 Billion ≈ $666.87 Million |
+16.67% |
| 2020-12-31 | CN¥3.91 Billion ≈ $571.61 Million |
+43.47% |
| 2019-12-31 | CN¥2.72 Billion ≈ $398.41 Million |
+10.80% |
| 2018-12-31 | CN¥2.46 Billion ≈ $359.58 Million |
+12.25% |
| 2017-12-31 | CN¥2.19 Billion ≈ $320.34 Million |
+1.35% |
| 2016-12-31 | CN¥2.16 Billion ≈ $316.06 Million |
+2.50% |
| 2015-12-31 | CN¥2.11 Billion ≈ $308.34 Million |
+3.40% |
| 2014-12-31 | CN¥2.04 Billion ≈ $298.20 Million |
+9.26% |
| 2013-12-31 | CN¥1.87 Billion ≈ $272.92 Million |
+7.59% |
| 2012-12-31 | CN¥1.73 Billion ≈ $253.68 Million |
-3.70% |
| 2011-12-31 | CN¥1.80 Billion ≈ $263.44 Million |
-4.14% |
| 2010-12-31 | CN¥1.88 Billion ≈ $274.82 Million |
+10.64% |
| 2009-12-31 | CN¥1.70 Billion ≈ $248.40 Million |
+0.80% |
| 2008-12-31 | CN¥1.68 Billion ≈ $246.43 Million |
+56.68% |
| 2007-12-31 | CN¥1.07 Billion ≈ $157.28 Million |
+57.37% |
| 2006-12-31 | CN¥683.01 Million ≈ $99.95 Million |
-16.58% |
| 2005-12-31 | CN¥818.75 Million ≈ $119.81 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 |
|---|---|
|
Sanoma Oyj
HE:SANOMA
|
$1.57 Billion |
|
AeroSpace Technology of Korea
KQ:067390
|
$1.57 Billion |
|
Dalian Huarui Heavy Industry Group Co Ltd
SHE:002204
|
$1.57 Billion |
|
Intershop Holding AG
SW:ISN
|
$1.57 Billion |
|
Jinan Acetate Chemical Co Ltd
TW:4763
|
$1.57 Billion |
|
Compania Nationala de Transport al Energiei Electrice Transelectrica SA
RO:TEL
|
$1.57 Billion |
|
BW Energy Ltd
OL:BWE
|
$1.57 Billion |
|
Bikaji Foods International Limited
NSE:BIKAJI
|
$1.57 Billion |
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: 1.49x
- 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 7.86x to 1.49x 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¥12.55 | x |
| 2006-12-31 | CN¥1.29 | CN¥12.55 | x |
| 2007-12-31 | CN¥2.06 | CN¥12.55 | x |
| 2008-12-31 | CN¥2.90 | CN¥12.55 | x |
| 2009-12-31 | CN¥2.55 | CN¥12.55 | x |
| 2010-12-31 | CN¥2.78 | CN¥12.55 | x |
| 2011-12-31 | CN¥2.73 | CN¥12.55 | x |
| 2012-12-31 | CN¥2.69 | CN¥12.55 | x |
| 2013-12-31 | CN¥2.89 | CN¥12.55 | x |
| 2014-12-31 | CN¥3.09 | CN¥12.55 | x |
| 2015-12-31 | CN¥3.26 | CN¥12.55 | x |
| 2016-12-31 | CN¥3.39 | CN¥12.55 | x |
| 2017-12-31 | CN¥3.25 | CN¥12.55 | x |
| 2018-12-31 | CN¥3.58 | CN¥12.55 | x |
| 2019-12-31 | CN¥3.84 | CN¥12.55 | x |
| 2020-12-31 | CN¥5.45 | CN¥12.55 | x |
| 2021-12-31 | CN¥5.79 | CN¥12.55 | x |
| 2022-12-31 | CN¥5.93 | CN¥12.55 | x |
| 2023-12-31 | CN¥8.49 | CN¥12.55 | x |
| 2024-12-31 | CN¥8.41 | CN¥12.55 | 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: $818,406,996
- Average return on equity (ROE) among peers: -0.71%
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 | $1.57 Billion |
| North Huajin Chemical Industries Co Ltd (000059) | $1.81 Billion | 5.56% | 1.48x | $1.26 Billion |
| Sichuan Chemical Co Ltd (000155) | $1.94 Billion | 4.27% | 0.66x | $3.19 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $254.65 Million | 12.48% | 1.65x | $13.23 Billion |
| Zangge Holding Co Ltd (000408) | $353.51 Million | 9.73% | 1.04x | $16.58 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $34.68 Million | 0.00% | 2.05x | $1.77 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $1.88 Billion | -7.74% | 0.64x | $317.69 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $365.16 Million | 13.94% | 0.26x | $844.86 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $302.31 Million | 10.40% | 0.37x | $420.44 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $758.08 Million | -11.00% | 2.16x | $312.66 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $491.34 Million | -44.74% | 3.10x | $3.10 Billion |
About 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