Tianjin Saixiang Technology Co Ltd (002337) - Net Assets

Latest as of March 2026: CN¥1.40 Billion CNY ≈ $205.21 Million USD

Based on the latest financial reports, Tianjin Saixiang Technology Co Ltd (002337) has net assets worth CN¥1.40 Billion CNY (≈ $205.21 Million 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¥1.99 Billion ≈ $291.90 Million USD) and total liabilities (CN¥592.48 Million ≈ $86.70 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. Also explore Tianjin Saixiang Technology Co Ltd balance sheet assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥1.40 Billion
% of Total Assets 70.3%
Annual Growth Rate 14.04%
5-Year Change 15.48%
10-Year Change 3.11%
Growth Volatility 72.45

Tianjin Saixiang Technology Co Ltd - Net Assets Trend (2006–2025)

This chart illustrates how Tianjin Saixiang Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Check 002337 tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Tianjin Saixiang Technology Co Ltd (2006–2025)

The table below shows the annual net assets of Tianjin Saixiang Technology Co Ltd from 2006 to 2025. For live valuation and market cap data, see 002337 stock market capitalisation.

Year Net Assets Change
2025-12-31 CN¥1.39 Billion
≈ $203.24 Million		 +3.87%
2024-12-31 CN¥1.34 Billion
≈ $195.67 Million		 +2.11%
2023-12-31 CN¥1.31 Billion
≈ $191.62 Million		 +4.02%
2022-12-31 CN¥1.26 Billion
≈ $184.22 Million		 +4.67%
2021-12-31 CN¥1.20 Billion
≈ $176.00 Million		 +1.32%
2020-12-31 CN¥1.19 Billion
≈ $173.70 Million		 -9.25%
2019-12-31 CN¥1.31 Billion
≈ $191.40 Million		 +0.28%
2018-12-31 CN¥1.30 Billion
≈ $190.87 Million		 -2.25%
2017-12-31 CN¥1.33 Billion
≈ $195.26 Million		 -0.94%
2016-12-31 CN¥1.35 Billion
≈ $197.12 Million		 +0.11%
2015-12-31 CN¥1.35 Billion
≈ $196.90 Million		 +0.45%
2014-12-31 CN¥1.34 Billion
≈ $196.03 Million		 -0.64%
2013-12-31 CN¥1.35 Billion
≈ $197.29 Million		 +6.77%
2012-12-31 CN¥1.26 Billion
≈ $184.77 Million		 -0.52%
2011-12-31 CN¥1.27 Billion
≈ $185.73 Million		 +0.43%
2010-12-31 CN¥1.26 Billion
≈ $184.94 Million		 +320.07%
2009-12-31 CN¥300.87 Million
≈ $44.03 Million		 +48.85%
2008-12-31 CN¥202.13 Million
≈ $29.58 Million		 +1.00%
2007-12-31 CN¥200.12 Million
≈ $29.28 Million		 +74.91%
2006-12-31 CN¥114.42 Million
≈ $16.74 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Tianjin Saixiang 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 350.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CN¥202.93 Million 15.37%
Other Components CN¥1.12 Billion 84.63%
Total Equity CN¥1.32 Billion 100.00%

Tianjin Saixiang Technology Co Ltd Competitors by Market Cap

The table below lists competitors of Tianjin Saixiang Technology Co Ltd ranked by their market capitalization.

Company Market Cap
D I Corp
KO:003160
 $391.95 Million
Earth-Panda Advanced Magnetic Material Co Ltd
SHG:688077
 $391.99 Million
Advanced Enzyme Technologies Limited
NSE:ADVENZYMES
 $392.05 Million
Zhejiang Jinfei Kaida Wheel Co Ltd
SHE:002863
 $392.12 Million
Guoanda Co Ltd
SHE:300902
 $391.87 Million
Huang Hsiang Construction Corp
TW:2545
 $391.81 Million
Tera Light Ltd
TA:TRLT
 $391.64 Million
GDI Integrated
TO:GDI
 $391.59 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Tianjin Saixiang Technology Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 1,267,219,236 to 1,320,021,671, a change of 52,802,435 (4.2%).
  • Net income of 49,128,684 contributed positively to equity growth.
  • Dividend payments of 12,360,929 reduced retained earnings.
  • Other comprehensive income decreased equity by 122,066,007.
  • Other factors increased equity by 138,100,687.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CN¥49.13 Million +3.72%
Dividends Paid CN¥12.36 Million -0.94%
Other Comprehensive Income CN¥-122.07 Million -9.25%
Other Changes CN¥138.10 Million +10.46%
Total Change CN¥- 4.17%

Book Value vs Market Value Analysis

This analysis compares Tianjin Saixiang 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: 2.03x
  • 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 17.54x to 2.03x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2006-12-31 CN¥0.26 CN¥4.55 x
2007-12-31 CN¥0.46 CN¥4.55 x
2008-12-31 CN¥0.46 CN¥4.55 x
2009-12-31 CN¥0.70 CN¥4.55 x
2010-12-31 CN¥2.25 CN¥4.55 x
2011-12-31 CN¥2.15 CN¥4.55 x
2012-12-31 CN¥2.19 CN¥4.55 x
2013-12-31 CN¥2.24 CN¥4.55 x
2014-12-31 CN¥2.28 CN¥4.55 x
2015-12-31 CN¥2.07 CN¥4.55 x
2016-12-31 CN¥1.87 CN¥4.55 x
2017-12-31 CN¥1.68 CN¥4.55 x
2018-12-31 CN¥1.64 CN¥4.55 x
2019-12-31 CN¥2.24 CN¥4.55 x
2020-12-31 CN¥1.85 CN¥4.55 x
2021-12-31 CN¥1.81 CN¥4.55 x
2022-12-31 CN¥2.05 CN¥4.55 x
2023-12-31 CN¥2.15 CN¥4.55 x
2024-12-31 CN¥2.23 CN¥4.55 x
2025-12-31 CN¥2.24 CN¥4.55 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tianjin Saixiang 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): 3.72%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 7.11%
  • • Asset Turnover: 0.34x
  • • Equity Multiplier: 1.53x
  • Recent ROE (3.72%) is below the historical average (16.59%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2006 141.34% 27.05% 1.02x 5.14x CN¥147.43 Million
2007 86.81% 26.38% 0.91x 3.63x CN¥153.26 Million
2008 44.96% 13.40% 0.83x 4.05x CN¥69.58 Million
2009 33.84% 16.37% 0.83x 2.50x CN¥71.74 Million
2010 7.26% 17.90% 0.32x 1.27x CN¥-34.64 Million
2011 2.79% 6.67% 0.33x 1.26x CN¥-91.48 Million
2012 1.00% 2.78% 0.27x 1.33x CN¥-113.66 Million
2013 3.72% 7.18% 0.37x 1.41x CN¥-81.55 Million
2014 3.94% 6.90% 0.42x 1.37x CN¥-77.94 Million
2015 -8.20% -27.30% 0.21x 1.40x CN¥-219.43 Million
2016 1.07% 3.38% 0.22x 1.42x CN¥-107.97 Million
2017 1.19% 2.54% 0.34x 1.37x CN¥-106.94 Million
2018 0.61% 1.63% 0.30x 1.26x CN¥-113.97 Million
2019 0.89% 2.05% 0.34x 1.29x CN¥-111.16 Million
2020 -9.20% -28.21% 0.23x 1.44x CN¥-212.55 Million
2021 3.32% 5.07% 0.46x 1.42x CN¥-74.73 Million
2022 4.39% 10.71% 0.26x 1.55x CN¥-65.72 Million
2023 5.11% 9.33% 0.35x 1.57x CN¥-60.57 Million
2024 3.14% 5.24% 0.36x 1.66x CN¥-86.93 Million
2025 3.72% 7.11% 0.34x 1.53x CN¥-82.87 Million

Industry Comparison

This section compares Tianjin Saixiang Technology Co Ltd's net assets metrics with peer companies in the Tools & Accessories industry.

Industry Context

  • Industry: Tools & Accessories
  • Average net assets among peers: $3,173,085,227
  • Average return on equity (ROE) among peers: 7.77%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Tianjin Saixiang Technology Co Ltd (002337) CN¥1.40 Billion 141.34% 0.42x $391.91 Million
Bosun Tools Co Ltd (002282) $773.10 Million 7.33% 0.10x $454.85 Million
Ningbo Ligong Online Monitoring Technology Co Ltd (002322) $3.34 Billion 7.37% 0.12x $601.97 Million
Hangzhou Great Star Industrial Co Ltd (002444) $15.01 Billion 11.27% 0.31x $5.22 Billion
Geron Co Ltd (002722) $1.90 Billion 1.77% 0.58x $413.91 Million
Zhejiang Zhongjian Technology Co Ltd (002779) $630.15 Million 1.98% 0.35x $1.66 Billion
Guangdong Kinlong Hardware Products Co Ltd (002791) $5.02 Billion 1.31% 1.10x $793.34 Million
Shenzhen Kaizhong Precision Technology Co Ltd (002823) $248.85 Million 24.74% 0.80x $638.59 Million
Bichamp Cutting Technology Hunan Co Ltd (002843) $590.50 Million 11.82% 0.72x $558.08 Million
Wafangdian Bearing Co Ltd (200706) $1.04 Billion 2.35% 1.08x $143.90 Million

About Tianjin Saixiang Technology Co Ltd

SHE:002337 China Tools & Accessories
Market Cap
$391.91 Million
CN¥2.68 Billion CNY
Market Cap Rank
#13412 Global
#3954 in China
Share Price
CN¥4.55
Change (1 day)
+3.88%
52-Week Range
CN¥4.07 - CN¥7.46
All Time High
CN¥11.86
Categories
Companies in China Tools & Accessories
About

Tianjin Saixiang Technology Co.,Ltd, together with its subsidiaries, engages in the research, development, manufacture, sale, and service of intelligent equipment for radial tires in the People's Republic of China and internationally. The company offers passenger/light truck radial tire one-step forming machines, all"steel load-bearing radial tire one-step forming machines, two-drum/four-drum all… Read more