Zibo Qixiang Tengda Chemical Co Ltd (002408) - Net Assets
Based on the latest financial reports, Zibo Qixiang Tengda Chemical Co Ltd (002408) has net assets worth CN¥11.08 Billion CNY (≈ $1.62 Billion 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¥25.55 Billion ≈ $3.74 Billion USD) and total liabilities (CN¥14.47 Billion ≈ $2.12 Billion 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 balance sheet size of Zibo Qixiang Tengda Chemical Co Ltd for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥11.08 Billion |
| % of Total Assets | 43.37% |
| Annual Growth Rate | 22.57% |
| 5-Year Change | -16.33% |
| 10-Year Change | 89.89% |
| Growth Volatility | 95.76 |
Zibo Qixiang Tengda Chemical Co Ltd - Net Assets Trend (2006–2025)
This chart illustrates how Zibo Qixiang Tengda Chemical Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Zibo Qixiang Tengda Chemical Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Zibo Qixiang Tengda Chemical Co Ltd (2006–2025)
The table below shows the annual net assets of Zibo Qixiang Tengda Chemical Co Ltd from 2006 to 2025. For live valuation and market cap data, see Zibo Qixiang Tengda Chemical Co Ltd (002408) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥11.23 Billion ≈ $1.64 Billion |
-5.46% |
| 2024-12-31 | CN¥11.88 Billion ≈ $1.74 Billion |
-3.55% |
| 2023-12-31 | CN¥12.31 Billion ≈ $1.80 Billion |
-12.58% |
| 2022-12-31 | CN¥14.09 Billion ≈ $2.06 Billion |
+4.96% |
| 2021-12-31 | CN¥13.42 Billion ≈ $1.96 Billion |
+37.15% |
| 2020-12-31 | CN¥9.79 Billion ≈ $1.43 Billion |
+19.39% |
| 2019-12-31 | CN¥8.20 Billion ≈ $1.20 Billion |
+10.05% |
| 2018-12-31 | CN¥7.45 Billion ≈ $1.09 Billion |
+11.65% |
| 2017-12-31 | CN¥6.67 Billion ≈ $976.08 Million |
+12.80% |
| 2016-12-31 | CN¥5.91 Billion ≈ $865.29 Million |
+5.57% |
| 2015-12-31 | CN¥5.60 Billion ≈ $819.63 Million |
+50.62% |
| 2014-12-31 | CN¥3.72 Billion ≈ $544.18 Million |
+12.94% |
| 2013-12-31 | CN¥3.29 Billion ≈ $481.85 Million |
+4.71% |
| 2012-12-31 | CN¥3.14 Billion ≈ $460.17 Million |
+7.40% |
| 2011-12-31 | CN¥2.93 Billion ≈ $428.48 Million |
+13.38% |
| 2010-12-31 | CN¥2.58 Billion ≈ $377.92 Million |
+437.57% |
| 2009-12-31 | CN¥480.42 Million ≈ $70.30 Million |
+23.62% |
| 2008-12-31 | CN¥388.62 Million ≈ $56.87 Million |
+24.48% |
| 2007-12-31 | CN¥312.20 Million ≈ $45.68 Million |
+32.97% |
| 2006-12-31 | CN¥234.79 Million ≈ $34.36 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 5170.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.46 Billion | 40.28% |
| Other Components | CN¥6.61 Billion | 59.72% |
| Total Equity | CN¥11.07 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 |
|---|---|
|
Ternium Argentina SA
BA:TXAR
|
$2.14 Billion |
|
Liberty Media Corporation Series A Liberty Formula One Common Stock
NASDAQ:FWONA
|
$2.14 Billion |
|
BrightGene Bio Medical Technology C
SHG:688166
|
$2.14 Billion |
|
Triputra Agro Persada Tbk PT
JK:TAPG
|
$2.14 Billion |
|
Xuzhou Handler Special Vehicle Co Ltd
SHE:300201
|
$2.14 Billion |
|
Greentown China Holdings Limited
F:G7C
|
$2.14 Billion |
|
Sichuan Qiaoyuan Gas Co.Ltd
SHE:301286
|
$2.14 Billion |
|
Zhejiang Runtu Co Ltd
SHE:002440
|
$2.14 Billion |
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 2024 to 2025, total equity changed from 11,666,132,823 to 11,071,031,945, a change of -595,100,878 (-5.1%).
- Net loss of 574,527,724 reduced equity.
- Dividend payments of 261,561,365 reduced retained earnings.
- Other comprehensive income decreased equity by 1,191,380,200.
- Other factors increased equity by 1,432,368,412.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-574.53 Million | -5.19% |
| Dividends Paid | CN¥261.56 Million | -2.36% |
| Other Comprehensive Income | CN¥-1.19 Billion | -10.76% |
| Other Changes | CN¥1.43 Billion | +12.94% |
| Total Change | CN¥- | -5.10% |
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: 1.32x
- 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 29.09x to 1.32x 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¥5.14 | x |
| 2007-12-31 | CN¥0.23 | CN¥5.14 | x |
| 2008-12-31 | CN¥0.26 | CN¥5.14 | x |
| 2009-12-31 | CN¥0.32 | CN¥5.14 | x |
| 2010-12-31 | CN¥1.42 | CN¥5.14 | x |
| 2011-12-31 | CN¥1.44 | CN¥5.14 | x |
| 2012-12-31 | CN¥1.56 | CN¥5.14 | x |
| 2013-12-31 | CN¥1.61 | CN¥5.14 | x |
| 2014-12-31 | CN¥1.59 | CN¥5.14 | x |
| 2015-12-31 | CN¥1.94 | CN¥5.14 | x |
| 2016-12-31 | CN¥2.34 | CN¥5.14 | x |
| 2017-12-31 | CN¥2.68 | CN¥5.14 | x |
| 2018-12-31 | CN¥2.90 | CN¥5.14 | x |
| 2019-12-31 | CN¥3.09 | CN¥5.14 | x |
| 2020-12-31 | CN¥3.22 | CN¥5.14 | x |
| 2021-12-31 | CN¥4.44 | CN¥5.14 | x |
| 2022-12-31 | CN¥4.47 | CN¥5.14 | x |
| 2023-12-31 | CN¥4.00 | CN¥5.14 | x |
| 2024-12-31 | CN¥4.14 | CN¥5.14 | x |
| 2025-12-31 | CN¥3.89 | CN¥5.14 | 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): -5.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.42%
- • Asset Turnover: 0.97x
- • Equity Multiplier: 2.22x
- Recent ROE (-5.19%) is below the historical average (14.59%), 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 | 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% | 18.17% | 0.91x | 1.05x | CN¥213.61 Million |
| 2012 | 11.87% | 10.06% | 0.85x | 1.40x | CN¥58.72 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% | 1.19x | 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¥-714.95 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 |
| 2025 | -5.19% | -2.42% | 0.97x | 2.22x | CN¥-1.68 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: $4,467,414,031
- Average return on equity (ROE) among peers: 6.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zibo Qixiang Tengda Chemical Co Ltd (002408) | CN¥11.08 Billion | 39.15% | 1.31x | $2.14 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $434.55 Million | 5.54% | 1.90x | $379.42 Million |
| Hengyi Petrochemical Co Ltd (000703) | $227.09 Million | -11.79% | 1.45x | $8.54 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.02 Billion | 3.20% | 1.25x | $672.13 Million |
| Luxi Chemical Group Co Ltd (000830) | $10.99 Billion | 27.93% | 1.53x | $3.65 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $5.03 Billion | 8.31% | 0.10x | $7.58 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $132.45 Million | 36.26% | 2.06x | $1.08 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $10.85 Billion | -5.54% | 0.53x | $1.31 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $441.43 Million | 14.99% | 1.14x | $693.32 Million |
| Zhejiang Transfar Co Ltd (002010) | $11.78 Billion | 5.78% | 0.45x | $2.03 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $3.77 Billion | -20.83% | 3.31x | $483.61 Million |
About Zibo Qixiang Tengda Chemical Co Ltd
Zibo Qixiang Tengda Chemical Co., Ltd engages in the research, development, manufacturing, and sale of high-value fine chemicals in China and internationally. The company offers methyl ethyl ketone, maleic anhydride, propylene, rubber, butadiene, methyl methacrylate, nitrile latex, tert-butanol, MTBE, propylene oxide, acrylic acid, and various petroleum and chemical catalysts. It is also involved… Read more