Tianjin Saixiang Technology Co Ltd (002337) - Net Assets
Based on the latest financial reports, Tianjin Saixiang Technology Co Ltd (002337) has net assets worth CN¥1.39 Billion CNY (≈ $202.92 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¥2.06 Billion ≈ $301.89 Million USD) and total liabilities (CN¥676.36 Million ≈ $98.97 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 how resilient are Tianjin Saixiang Technology Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.39 Billion |
| % of Total Assets | 67.22% |
| Annual Growth Rate | 14.63% |
| 5-Year Change | 12.65% |
| 10-Year Change | -0.63% |
| Growth Volatility | 74.28 |
Tianjin Saixiang Technology Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Tianjin Saixiang Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Tianjin Saixiang Technology Co Ltd (002337) total assets for the complete picture of this company's asset base.
Annual Net Assets for Tianjin Saixiang Technology Co Ltd (2006–2024)
The table below shows the annual net assets of Tianjin Saixiang Technology Co Ltd from 2006 to 2024. For live valuation and market cap data, see Tianjin Saixiang Technology Co Ltd (002337) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 281.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥172.08 Million | 13.58% |
| Common Stock | CN¥588.62 Million | 46.45% |
| Other Comprehensive Income | CN¥122.07 Million | 9.63% |
| Other Components | CN¥384.46 Million | 30.34% |
| Total Equity | CN¥1.27 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 |
|---|---|
|
Sichuan Fulin Transportation Group Co Ltd
SHE:002357
|
$537.64 Million |
|
Nanjing CEC Environmental Protect
SHE:300172
|
$537.70 Million |
|
Hunan Chen Dian International Development Co Ltd
SHG:600969
|
$537.71 Million |
|
Neosem Inc
KQ:253590
|
$537.71 Million |
|
Probe Gold Inc.
TO:PRB
|
$537.15 Million |
|
San Shing Fastech Corp
TW:5007
|
$537.09 Million |
|
Rainbow Tours SA
WAR:RBW
|
$537.06 Million |
|
Farmacias Benavides S.A.B. de C.V.
MX:BEVIDESB
|
$536.94 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 2023 to 2024, total equity changed from 1,238,055,425 to 1,267,219,236, a change of 29,163,811 (2.4%).
- Net income of 39,788,755 contributed positively to equity growth.
- Dividend payments of 19,688,140 reduced retained earnings.
- Other comprehensive income increased equity by 12,715,138.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥39.79 Million | +3.14% |
| Dividends Paid | CN¥19.69 Million | -1.55% |
| Other Comprehensive Income | CN¥12.72 Million | +1.0% |
| Other Changes | CN¥-3.65 Million | -0.29% |
| Total Change | CN¥- | 2.36% |
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: 2.86x
- 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 24.05x to 2.86x 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¥6.24 | x |
| 2007-12-31 | CN¥0.46 | CN¥6.24 | x |
| 2008-12-31 | CN¥0.46 | CN¥6.24 | x |
| 2009-12-31 | CN¥0.70 | CN¥6.24 | x |
| 2010-12-31 | CN¥2.25 | CN¥6.24 | x |
| 2011-12-31 | CN¥2.15 | CN¥6.24 | x |
| 2012-12-31 | CN¥2.34 | CN¥6.24 | x |
| 2013-12-31 | CN¥2.24 | CN¥6.24 | x |
| 2014-12-31 | CN¥2.28 | CN¥6.24 | x |
| 2015-12-31 | CN¥2.07 | CN¥6.24 | x |
| 2016-12-31 | CN¥1.87 | CN¥6.24 | x |
| 2017-12-31 | CN¥1.68 | CN¥6.24 | x |
| 2018-12-31 | CN¥1.64 | CN¥6.24 | x |
| 2019-12-31 | CN¥2.07 | CN¥6.24 | x |
| 2020-12-31 | CN¥1.88 | CN¥6.24 | x |
| 2021-12-31 | CN¥1.93 | CN¥6.24 | x |
| 2022-12-31 | CN¥2.02 | CN¥6.24 | x |
| 2023-12-31 | CN¥2.15 | CN¥6.24 | x |
| 2024-12-31 | CN¥2.18 | CN¥6.24 | 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): 3.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.24%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.66x
- Recent ROE (3.14%) is below the historical average (17.25%), 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 | 0.64% | 1.48% | 0.34x | 1.29x | CN¥-114.20 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 |
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: $1,335,318,567
- Average return on equity (ROE) among peers: 7.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tianjin Saixiang Technology Co Ltd (002337) | CN¥1.39 Billion | 141.34% | 0.49x | $537.47 Million |
| Bosun Tools Co Ltd (002282) | $3.47 Billion | 3.71% | 0.13x | $535.80 Million |
| Ningbo Ligong Online Monitoring Technology Co Ltd (002322) | $2.98 Billion | 10.46% | 0.26x | $670.77 Million |
| Hangzhou Great Star Industrial Co Ltd (002444) | $252.80 Million | 25.85% | 2.16x | $5.98 Billion |
| Geron Co Ltd (002722) | $1.91 Billion | 3.09% | 0.60x | $510.88 Million |
| Zhejiang Zhongjian Technology Co Ltd (002779) | $743.83 Million | 8.69% | 0.52x | $2.16 Billion |
| Guangdong Kinlong Hardware Products Co Ltd (002791) | $532.49 Million | 21.79% | 0.53x | $950.76 Million |
| Shenzhen Kaizhong Precision Technology Co Ltd (002823) | $374.78 Million | 20.27% | 0.76x | $780.34 Million |
| Bichamp Cutting Technology Hunan Co Ltd (002843) | $1.38 Billion | 3.65% | 0.84x | $979.13 Million |
| Wafangdian Bearing Co Ltd (200706) | $371.31 Million | -26.79% | 7.57x | $143.90 Million |
About Tianjin Saixiang Technology Co Ltd
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