Shanxi Tond Chemical Co Ltd
Shanxi Tond Chemical Co., Ltd. engages in the research and development, production, and sale of civil explosives in China. The company offers on-site mixed blasting, porous granular ammonium nitrate, rock emulsion explosive, permitted emulsion explosives, powdered emulsion explosive, and rock powder emulsion explosive. It also provides new material products, such as 1,4-butanediol and polybutylen… Read more
Shanxi Tond Chemical Co Ltd (002360) - Net Assets
Latest net assets as of September 2025: CN¥1.99 Billion CNY
Based on the latest financial reports, Shanxi Tond Chemical Co Ltd (002360) has net assets worth CN¥1.99 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¥4.57 Billion) and total liabilities (CN¥2.58 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¥1.99 Billion |
| % of Total Assets | 43.61% |
| Annual Growth Rate | 20.7% |
| 5-Year Change | 52.03% |
| 10-Year Change | 86.76% |
| Growth Volatility | 49.77 |
Shanxi Tond Chemical Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Shanxi Tond Chemical 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 Shanxi Tond Chemical Co Ltd (2006–2024)
The table below shows the annual net assets of Shanxi Tond Chemical Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.00 Billion | -8.36% |
| 2023-12-31 | CN¥2.18 Billion | +24.39% |
| 2022-12-31 | CN¥1.75 Billion | +18.17% |
| 2021-12-31 | CN¥1.48 Billion | +12.87% |
| 2020-12-31 | CN¥1.31 Billion | +10.80% |
| 2019-12-31 | CN¥1.19 Billion | +10.16% |
| 2018-12-31 | CN¥1.08 Billion | -1.42% |
| 2017-12-31 | CN¥1.09 Billion | -2.70% |
| 2016-12-31 | CN¥1.12 Billion | +4.93% |
| 2015-12-31 | CN¥1.07 Billion | +4.87% |
| 2014-12-31 | CN¥1.02 Billion | +13.50% |
| 2013-12-31 | CN¥898.18 Million | +20.60% |
| 2012-12-31 | CN¥744.76 Million | +20.25% |
| 2011-12-31 | CN¥619.33 Million | +6.48% |
| 2010-12-31 | CN¥581.64 Million | +212.50% |
| 2009-12-31 | CN¥186.12 Million | +29.29% |
| 2008-12-31 | CN¥143.96 Million | +10.09% |
| 2007-12-31 | CN¥130.76 Million | +93.77% |
| 2006-12-31 | CN¥67.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shanxi Tond Chemical 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 6444.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.26 Billion | 63.08% |
| Common Stock | CN¥401.77 Million | 20.05% |
| Other Comprehensive Income | CN¥272.43 Million | 13.60% |
| Other Components | CN¥65.56 Million | 3.27% |
| Total Equity | CN¥2.00 Billion | 100.00% |
Shanxi Tond Chemical Co Ltd Competitors by Market Cap
The table below lists competitors of Shanxi Tond Chemical Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aurionpro Solutions Limited
NSE:AURIONPRO
|
$235.28 Million |
|
Plover Bay Technologies Limited
PINK:PBTDF
|
$235.28 Million |
|
Huafang Co Ltd
SHG:600448
|
$235.28 Million |
|
Shanxi Huayang New Material Co Ltd
SHG:600281
|
$235.29 Million |
|
DB Financial Investment Co Ltd
KO:016610
|
$235.18 Million |
|
Dong Nai Port JSC
VN:PDN
|
$235.10 Million |
|
John Wood Group PLC
PINK:WDGJF
|
$235.02 Million |
|
Ready Capital Corp
NYSE:RC
|
$234.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanxi Tond Chemical Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,142,381,613 to 2,003,697,240, a change of -138,684,373 (-6.5%).
- Net loss of 71,986,865 reduced equity.
- Dividend payments of 130,828,934 reduced retained earnings.
- Other comprehensive income increased equity by 228,106,163.
- Other factors decreased equity by 163,974,737.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-71.99 Million | -3.59% |
| Dividends Paid | CN¥130.83 Million | -6.53% |
| Other Comprehensive Income | CN¥228.11 Million | +11.38% |
| Other Changes | CN¥-163.97 Million | -8.18% |
| Total Change | CN¥- | -6.47% |
Book Value vs Market Value Analysis
This analysis compares Shanxi Tond Chemical 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: 1.31x
- 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 23.40x to 1.31x 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¥0.28 | CN¥6.54 | x |
| 2007-12-31 | CN¥0.54 | CN¥6.54 | x |
| 2008-12-31 | CN¥0.53 | CN¥6.54 | x |
| 2009-12-31 | CN¥0.69 | CN¥6.54 | x |
| 2010-12-31 | CN¥1.66 | CN¥6.54 | x |
| 2011-12-31 | CN¥1.69 | CN¥6.54 | x |
| 2012-12-31 | CN¥1.86 | CN¥6.54 | x |
| 2013-12-31 | CN¥2.19 | CN¥6.54 | x |
| 2014-12-31 | CN¥2.40 | CN¥6.54 | x |
| 2015-12-31 | CN¥2.49 | CN¥6.54 | x |
| 2016-12-31 | CN¥2.58 | CN¥6.54 | x |
| 2017-12-31 | CN¥2.70 | CN¥6.54 | x |
| 2018-12-31 | CN¥2.64 | CN¥6.54 | x |
| 2019-12-31 | CN¥3.05 | CN¥6.54 | x |
| 2020-12-31 | CN¥3.31 | CN¥6.54 | x |
| 2021-12-31 | CN¥3.63 | CN¥6.54 | x |
| 2022-12-31 | CN¥4.17 | CN¥6.54 | x |
| 2023-12-31 | CN¥5.33 | CN¥6.54 | x |
| 2024-12-31 | CN¥5.01 | CN¥6.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanxi Tond Chemical 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): -3.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.22%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 2.35x
- Recent ROE (-3.59%) is below the historical average (13.42%), 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 | 32.20% | 10.90% | 1.21x | 2.44x | CN¥14.98 Million |
| 2007 | 21.17% | 13.26% | 0.83x | 1.92x | CN¥14.61 Million |
| 2008 | 18.54% | 10.78% | 1.00x | 1.72x | CN¥12.29 Million |
| 2009 | 24.27% | 19.61% | 0.83x | 1.48x | CN¥26.56 Million |
| 2010 | 9.22% | 17.09% | 0.49x | 1.10x | CN¥-4.46 Million |
| 2011 | 9.65% | 11.21% | 0.77x | 1.12x | CN¥-2.13 Million |
| 2012 | 10.35% | 12.27% | 0.61x | 1.38x | CN¥2.37 Million |
| 2013 | 14.64% | 13.78% | 0.66x | 1.60x | CN¥36.13 Million |
| 2014 | 13.34% | 13.82% | 0.66x | 1.47x | CN¥31.02 Million |
| 2015 | 8.32% | 12.01% | 0.52x | 1.34x | CN¥-16.36 Million |
| 2016 | 8.15% | 12.80% | 0.45x | 1.41x | CN¥-18.83 Million |
| 2017 | 9.26% | 13.54% | 0.48x | 1.44x | CN¥-7.72 Million |
| 2018 | 14.01% | 16.02% | 0.68x | 1.28x | CN¥41.16 Million |
| 2019 | 13.36% | 18.06% | 0.56x | 1.31x | CN¥38.31 Million |
| 2020 | 12.09% | 15.92% | 0.55x | 1.37x | CN¥26.48 Million |
| 2021 | 8.60% | 14.09% | 0.40x | 1.53x | CN¥-19.60 Million |
| 2022 | 11.04% | 16.88% | 0.36x | 1.80x | CN¥17.34 Million |
| 2023 | 20.45% | 45.44% | 0.25x | 1.82x | CN¥223.81 Million |
| 2024 | -3.59% | -13.22% | 0.12x | 2.35x | CN¥-272.36 Million |
Industry Comparison
This section compares Shanxi Tond Chemical Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,775,158,628
- Average return on equity (ROE) among peers: -19.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanxi Tond Chemical Co Ltd (002360) | CN¥1.99 Billion | 32.20% | 1.29x | $235.21 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $390.80 Million | 1.64% | 0.47x | $289.82 Million |
| Hengyi Petrochemical Co Ltd (000703) | $246.42 Million | -7.64% | 1.62x | $1.44 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $472.56 Million | 10.49% | 1.13x | $361.89 Million |
| Luxi Chemical Group Co Ltd (000830) | $120.60 Million | 41.32% | 1.30x | $2.28 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $234.51 Million | -303.65% | 8.65x | $5.40 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $2.70 Billion | 10.47% | 0.21x | $884.45 Million |
| Cofco Biochemical Anhui Co Ltd (000930) | $11.76 Billion | 9.61% | 0.54x | $815.97 Million |
| Shandong Link Science and Technology Co Ltd (001207) | $441.43 Million | 14.99% | 1.14x | $330.19 Million |
| Zhejiang Bofay Elec Co Ltd (001255) | $742.80 Million | 1.78% | 0.61x | $169.49 Million |
| Guangdong Decro Film New (001378) | $647.89 Million | 29.53% | 0.22x | $241.78 Million |