Shanxi Tond Chemical Co Ltd (002360) - Net Assets

Latest as of September 2025: CN¥1.99 Billion CNY ≈ $291.47 Million USD

Based on the latest financial reports, Shanxi Tond Chemical Co Ltd (002360) has net assets worth CN¥1.99 Billion CNY (≈ $291.47 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¥4.57 Billion ≈ $668.32 Million USD) and total liabilities (CN¥2.58 Billion ≈ $376.85 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 Shanxi Tond Chemical Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore 002360 current and non-current assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market value of Shanxi Tond Chemical Co Ltd.

Year	Net Assets	Change
2024-12-31	CN¥2.00 Billion ≈ $292.19 Million	-8.36%
2023-12-31	CN¥2.18 Billion ≈ $318.86 Million	+24.39%
2022-12-31	CN¥1.75 Billion ≈ $256.34 Million	+18.17%
2021-12-31	CN¥1.48 Billion ≈ $216.92 Million	+12.87%
2020-12-31	CN¥1.31 Billion ≈ $192.19 Million	+10.80%
2019-12-31	CN¥1.19 Billion ≈ $173.46 Million	+10.16%
2018-12-31	CN¥1.08 Billion ≈ $157.46 Million	-1.42%
2017-12-31	CN¥1.09 Billion ≈ $159.73 Million	-2.70%
2016-12-31	CN¥1.12 Billion ≈ $164.16 Million	+4.93%
2015-12-31	CN¥1.07 Billion ≈ $156.45 Million	+4.87%
2014-12-31	CN¥1.02 Billion ≈ $149.18 Million	+13.50%
2013-12-31	CN¥898.18 Million ≈ $131.43 Million	+20.60%
2012-12-31	CN¥744.76 Million ≈ $108.98 Million	+20.25%
2011-12-31	CN¥619.33 Million ≈ $90.63 Million	+6.48%
2010-12-31	CN¥581.64 Million ≈ $85.11 Million	+212.50%
2009-12-31	CN¥186.12 Million ≈ $27.24 Million	+29.29%
2008-12-31	CN¥143.96 Million ≈ $21.07 Million	+10.09%
2007-12-31	CN¥130.76 Million ≈ $19.13 Million	+93.77%
2006-12-31	CN¥67.48 Million ≈ $9.87 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
Opus Genetics, Inc. NASDAQ:IRD	$365.71 Million
Hyundai Green Food Co. Ltd. KO:453340	$365.74 Million
Haibo Heavy Engineering Science and Technology Co Ltd SHE:300517	$366.00 Million
Meter Instruments Co. Ltd SHE:301006	$366.04 Million
Palram TA:PLRM	$365.54 Million
ATN International Inc NASDAQ:ATNI	$365.41 Million
Agro Tech Foods Limited NSE:ATFL	$365.36 Million
Hangzhou Hopechart Iot Technology SHG:688288	$365.29 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: 1.24x
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 22.25x to 1.24x 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¥6.22	x
2007-12-31	CN¥0.54	CN¥6.22	x
2008-12-31	CN¥0.53	CN¥6.22	x
2009-12-31	CN¥0.69	CN¥6.22	x
2010-12-31	CN¥1.66	CN¥6.22	x
2011-12-31	CN¥1.69	CN¥6.22	x
2012-12-31	CN¥1.86	CN¥6.22	x
2013-12-31	CN¥2.19	CN¥6.22	x
2014-12-31	CN¥2.40	CN¥6.22	x
2015-12-31	CN¥2.49	CN¥6.22	x
2016-12-31	CN¥2.58	CN¥6.22	x
2017-12-31	CN¥2.70	CN¥6.22	x
2018-12-31	CN¥2.64	CN¥6.22	x
2019-12-31	CN¥3.05	CN¥6.22	x
2020-12-31	CN¥3.31	CN¥6.22	x
2021-12-31	CN¥3.63	CN¥6.22	x
2022-12-31	CN¥4.17	CN¥6.22	x
2023-12-31	CN¥5.33	CN¥6.22	x
2024-12-31	CN¥5.01	CN¥6.22	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: $4,145,101,575
Average return on equity (ROE) among peers: 2.16%

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	$365.69 Million
Chongqing Sanxia Paints Co Ltd (000565)	$420.42 Million	6.58%	1.35x	$499.34 Million
Hengyi Petrochemical Co Ltd (000703)	$90.42 Million	27.06%	0.87x	$9.30 Billion
Guangdong Xinhui Meida Nylon Co Ltd (000782)	$1.09 Billion	0.96%	1.41x	$741.46 Million
Luxi Chemical Group Co Ltd (000830)	$17.46 Billion	18.08%	0.97x	$4.75 Billion
China Minmetals Rare Earth Co Ltd (000831)	$2.74 Billion	9.31%	0.09x	$8.45 Billion
Anhui Guofeng Plastic Industry Co Ltd (000859)	$1.39 Billion	0.45%	0.38x	$1.19 Billion
Cofco Biochemical Anhui Co Ltd (000930)	$1.57 Billion	-90.11%	2.59x	$1.65 Billion
Shandong Link Science and Technology Co Ltd (001207)	$198.24 Million	18.03%	1.03x	$582.05 Million
Zhejiang Transfar Co Ltd (002010)	$16.39 Billion	9.78%	0.86x	$2.36 Billion
Poly Union Chemical Holding Group Co Ltd (002037)	$107.09 Million	21.41%	1.19x	$605.40 Million

About Shanxi Tond Chemical Co Ltd

SHE:002360 China Specialty Chemicals

Market Cap

$365.69 Million

CN¥2.50 Billion CNY

Market Cap Rank

#14116 Global

#4442 in China

Share Price

CN¥6.22

Change (1 day)

+4.01%

52-Week Range

CN¥4.69 - CN¥6.92

All Time High

CN¥12.78