Zibo Qixiang Tengda Chemical Co Ltd
Zibo Qixiang Tengda Chemical Co., Ltd engages in the chemical manufacturing sector in China and internationally. The company offers methyl ethyl ketone, cis-ethanol, propylene, rubber, butadiene, methyl methacrylate, butadiene latex, tert-butyl alcohol, isooctane, MTBE, propylene oxide, acrylic acid, various catalysts for petroleum and chemical industries, etc. It is also involved in the supply c… Read more
Zibo Qixiang Tengda Chemical Co Ltd (002408) - Net Assets
Latest net assets as of September 2025: CN¥11.67 Billion CNY
Based on the latest financial reports, Zibo Qixiang Tengda Chemical Co Ltd (002408) has net assets worth CN¥11.67 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¥24.74 Billion) and total liabilities (CN¥13.08 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¥11.67 Billion |
| % of Total Assets | 47.15% |
| Annual Growth Rate | 24.35% |
| 5-Year Change | 21.38% |
| 10-Year Change | 112.05% |
| Growth Volatility | 97.86 |
Zibo Qixiang Tengda Chemical Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Zibo Qixiang Tengda 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 Zibo Qixiang Tengda Chemical Co Ltd (2006–2024)
The table below shows the annual net assets of Zibo Qixiang Tengda Chemical Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥11.88 Billion | -3.55% |
| 2023-12-31 | CN¥12.31 Billion | -12.58% |
| 2022-12-31 | CN¥14.09 Billion | +4.96% |
| 2021-12-31 | CN¥13.42 Billion | +37.15% |
| 2020-12-31 | CN¥9.79 Billion | +19.39% |
| 2019-12-31 | CN¥8.20 Billion | +10.05% |
| 2018-12-31 | CN¥7.45 Billion | +11.65% |
| 2017-12-31 | CN¥6.67 Billion | +12.80% |
| 2016-12-31 | CN¥5.91 Billion | +5.57% |
| 2015-12-31 | CN¥5.60 Billion | +50.62% |
| 2014-12-31 | CN¥3.72 Billion | +12.94% |
| 2013-12-31 | CN¥3.29 Billion | +6.05% |
| 2012-12-31 | CN¥3.10 Billion | +6.04% |
| 2011-12-31 | CN¥2.93 Billion | +13.38% |
| 2010-12-31 | CN¥2.58 Billion | +437.57% |
| 2009-12-31 | CN¥480.42 Million | +23.62% |
| 2008-12-31 | CN¥388.62 Million | +24.48% |
| 2007-12-31 | CN¥312.20 Million | +32.97% |
| 2006-12-31 | CN¥234.79 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zibo Qixiang Tengda 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 5944.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.12 Billion | 43.84% |
| Common Stock | CN¥2.84 Billion | 24.37% |
| Other Comprehensive Income | CN¥1.19 Billion | 10.21% |
| Other Components | CN¥2.52 Billion | 21.57% |
| Total Equity | CN¥11.67 Billion | 100.00% |
Zibo Qixiang Tengda Chemical Co Ltd Competitors by Market Cap
The table below lists competitors of Zibo Qixiang Tengda Chemical Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hanwha Life
KO:088350
|
$891.63 Million |
|
Guobang Pharma Ltd
SHG:605507
|
$892.06 Million |
|
China Security & Fire Co Ltd Class A
SHG:600654
|
$892.88 Million |
|
Hanwha Corp Preferred
KO:00088K
|
$892.93 Million |
|
Bank Handlowy w Warszawie SA
WAR:BHW
|
$891.34 Million |
|
Fortrea Holdings Inc.
NASDAQ:FTRE
|
$891.06 Million |
|
Xiamen King Long Motor Group Co Ltd
SHG:600686
|
$890.83 Million |
|
Coursera Inc
NYSE:COUR
|
$890.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zibo Qixiang Tengda Chemical Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,801,281,181 to 11,666,132,823, a change of -135,148,358 (-1.1%).
- Net income of 31,679,732 contributed positively to equity growth.
- Dividend payments of 368,530,463 reduced retained earnings.
- Share repurchases of 119,975,655 reduced equity.
- Other comprehensive income increased equity by 1,191,380,200.
- Other factors decreased equity by 869,702,172.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥31.68 Million | +0.27% |
| Dividends Paid | CN¥368.53 Million | -3.16% |
| Share Repurchases | CN¥119.98 Million | -1.03% |
| Other Comprehensive Income | CN¥1.19 Billion | +10.21% |
| Other Changes | CN¥-869.70 Million | -7.45% |
| Total Change | CN¥- | -1.15% |
Book Value vs Market Value Analysis
This analysis compares Zibo Qixiang Tengda 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: 1.42x
- 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 33.33x to 1.42x 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¥0.18 | CN¥5.89 | x |
| 2007-12-31 | CN¥0.23 | CN¥5.89 | x |
| 2008-12-31 | CN¥0.26 | CN¥5.89 | x |
| 2009-12-31 | CN¥0.32 | CN¥5.89 | x |
| 2010-12-31 | CN¥1.42 | CN¥5.89 | x |
| 2011-12-31 | CN¥1.44 | CN¥5.89 | x |
| 2012-12-31 | CN¥1.54 | CN¥5.89 | x |
| 2013-12-31 | CN¥1.61 | CN¥5.89 | x |
| 2014-12-31 | CN¥1.59 | CN¥5.89 | x |
| 2015-12-31 | CN¥1.94 | CN¥5.89 | x |
| 2016-12-31 | CN¥2.34 | CN¥5.89 | x |
| 2017-12-31 | CN¥2.68 | CN¥5.89 | x |
| 2018-12-31 | CN¥2.90 | CN¥5.89 | x |
| 2019-12-31 | CN¥3.09 | CN¥5.89 | x |
| 2020-12-31 | CN¥3.22 | CN¥5.89 | x |
| 2021-12-31 | CN¥4.44 | CN¥5.89 | x |
| 2022-12-31 | CN¥4.47 | CN¥5.89 | x |
| 2023-12-31 | CN¥4.00 | CN¥5.89 | x |
| 2024-12-31 | CN¥4.14 | CN¥5.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zibo Qixiang Tengda 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): 0.27%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.13%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 2.17x
- Recent ROE (0.27%) is below the historical average (15.64%), 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 | 39.15% | 13.54% | 2.04x | 1.42x | CN¥68.44 Million |
| 2007 | 44.85% | 15.54% | 1.92x | 1.50x | CN¥108.81 Million |
| 2008 | 36.96% | 12.88% | 1.32x | 2.17x | CN¥104.77 Million |
| 2009 | 36.12% | 13.37% | 1.56x | 1.73x | CN¥125.47 Million |
| 2010 | 16.26% | 17.80% | 0.87x | 1.05x | CN¥161.73 Million |
| 2011 | 17.30% | 18.28% | 0.90x | 1.05x | CN¥213.61 Million |
| 2012 | 12.02% | 10.06% | 0.86x | 1.39x | CN¥62.70 Million |
| 2013 | 10.64% | 9.18% | 0.72x | 1.60x | CN¥20.75 Million |
| 2014 | 8.16% | 5.76% | 0.80x | 1.78x | CN¥-67.42 Million |
| 2015 | 3.32% | 4.30% | 0.53x | 1.45x | CN¥-370.28 Million |
| 2016 | 8.54% | 8.55% | 0.69x | 1.45x | CN¥-86.14 Million |
| 2017 | 12.78% | 3.82% | 2.30x | 1.45x | CN¥184.97 Million |
| 2018 | 11.56% | 3.02% | 2.42x | 1.58x | CN¥113.91 Million |
| 2019 | 8.21% | 2.06% | 2.13x | 1.87x | CN¥-135.54 Million |
| 2020 | 10.86% | 3.95% | 1.20x | 2.30x | CN¥77.61 Million |
| 2021 | 18.71% | 6.86% | 1.34x | 2.04x | CN¥1.11 Billion |
| 2022 | 4.70% | 2.13% | 1.03x | 2.15x | CN¥-714.96 Million |
| 2023 | -3.25% | -1.43% | 1.01x | 2.27x | CN¥-1.56 Billion |
| 2024 | 0.27% | 0.13% | 0.99x | 2.17x | CN¥-1.13 Billion |
Industry Comparison
This section compares Zibo Qixiang Tengda 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 |
|---|---|---|---|---|
| Zibo Qixiang Tengda Chemical Co Ltd (002408) | CN¥11.67 Billion | 39.15% | 1.12x | $891.48 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 |