Tongding Interconnection Information
Tongding Interconnection Information Co., Ltd. engages in the optical and electrical cables and supporting, broadband access, network security, big data, and Internet of Things businesses in the People's Republic of China and internationally. The company offers optical preform, and fiber and cable products; copper medium and low voltage power cables for urban underground power grid, power station… Read more
Tongding Interconnection Information (002491) - Net Assets
Latest net assets as of September 2025: CN¥2.70 Billion CNY
Based on the latest financial reports, Tongding Interconnection Information (002491) has net assets worth CN¥2.70 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¥6.10 Billion) and total liabilities (CN¥3.40 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¥2.70 Billion |
| % of Total Assets | 44.2% |
| Annual Growth Rate | 13.94% |
| 5-Year Change | -10.35% |
| 10-Year Change | -11.01% |
| Growth Volatility | 65.33 |
Tongding Interconnection Information - Net Assets Trend (2007–2024)
This chart illustrates how Tongding Interconnection Information's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tongding Interconnection Information (2007–2024)
The table below shows the annual net assets of Tongding Interconnection Information from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.56 Billion | +3.21% |
| 2023-12-31 | CN¥2.48 Billion | +10.34% |
| 2022-12-31 | CN¥2.25 Billion | +4.41% |
| 2021-12-31 | CN¥2.15 Billion | -24.61% |
| 2020-12-31 | CN¥2.85 Billion | -2.29% |
| 2019-12-31 | CN¥2.92 Billion | -41.70% |
| 2018-12-31 | CN¥5.01 Billion | +7.83% |
| 2017-12-31 | CN¥4.65 Billion | +54.31% |
| 2016-12-31 | CN¥3.01 Billion | +4.74% |
| 2015-12-31 | CN¥2.88 Billion | +30.40% |
| 2014-12-31 | CN¥2.21 Billion | +17.63% |
| 2013-12-31 | CN¥1.87 Billion | +11.16% |
| 2012-12-31 | CN¥1.69 Billion | +7.82% |
| 2011-12-31 | CN¥1.56 Billion | +10.02% |
| 2010-12-31 | CN¥1.42 Billion | +272.22% |
| 2009-12-31 | CN¥381.97 Million | +28.64% |
| 2008-12-31 | CN¥296.93 Million | +6.66% |
| 2007-12-31 | CN¥278.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tongding Interconnection Information'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 decreased by 245.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.23 Billion | 48.31% |
| Other Comprehensive Income | CN¥220.70 Million | 8.67% |
| Other Components | CN¥1.12 Billion | 44.08% |
| Total Equity | CN¥2.55 Billion | 100.00% |
Tongding Interconnection Information Competitors by Market Cap
The table below lists competitors of Tongding Interconnection Information ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TCL Electronics Holdings Limited
PINK:TCLHF
|
$1.00 Billion |
|
Zhejiang Jinggong Science Technology
SHE:002006
|
$1.00 Billion |
|
Acbel Polytech Inc
TW:6282
|
$1.00 Billion |
|
Foryou Corp
SHE:002906
|
$1.00 Billion |
|
Hapag Lloyd AG
XETRA:HLAG
|
$1.00 Billion |
|
AviChina Industry & Technology Co Ltd
PINK:AVIJF
|
$1.00 Billion |
|
Nippon Shokubai Co. Ltd
PINK:NSHKF
|
$1.00 Billion |
|
Beijing Shiji Information Technology Co Ltd
SHE:002153
|
$1.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tongding Interconnection Information's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,465,773,306 to 2,545,793,799, a change of 80,020,493 (3.2%).
- Net income of 77,326,799 contributed positively to equity growth.
- Dividend payments of 78,851,305 reduced retained earnings.
- Other comprehensive income increased equity by 2,753,019.
- Other factors increased equity by 78,791,980.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥77.33 Million | +3.04% |
| Dividends Paid | CN¥78.85 Million | -3.1% |
| Other Comprehensive Income | CN¥2.75 Million | +0.11% |
| Other Changes | CN¥78.79 Million | +3.09% |
| Total Change | CN¥- | 3.25% |
Book Value vs Market Value Analysis
This analysis compares Tongding Interconnection Information'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: 4.87x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 27.17x to 4.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.37 | CN¥10.08 | x |
| 2008-12-31 | CN¥0.37 | CN¥10.08 | x |
| 2009-12-31 | CN¥0.48 | CN¥10.08 | x |
| 2010-12-31 | CN¥1.71 | CN¥10.08 | x |
| 2011-12-31 | CN¥1.48 | CN¥10.08 | x |
| 2012-12-31 | CN¥1.60 | CN¥10.08 | x |
| 2013-12-31 | CN¥2.29 | CN¥10.08 | x |
| 2014-12-31 | CN¥2.03 | CN¥10.08 | x |
| 2015-12-31 | CN¥2.45 | CN¥10.08 | x |
| 2016-12-31 | CN¥2.47 | CN¥10.08 | x |
| 2017-12-31 | CN¥3.66 | CN¥10.08 | x |
| 2018-12-31 | CN¥3.94 | CN¥10.08 | x |
| 2019-12-31 | CN¥2.29 | CN¥10.08 | x |
| 2020-12-31 | CN¥2.26 | CN¥10.08 | x |
| 2021-12-31 | CN¥1.73 | CN¥10.08 | x |
| 2022-12-31 | CN¥1.81 | CN¥10.08 | x |
| 2023-12-31 | CN¥2.00 | CN¥10.08 | x |
| 2024-12-31 | CN¥2.07 | CN¥10.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tongding Interconnection Information 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): 3.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.65%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 2.15x
- Recent ROE (3.04%) is below the historical average (3.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 3.62% | 2.08% | 0.70x | 2.50x | CN¥-17.76 Million |
| 2008 | 18.23% | 8.04% | 1.02x | 2.22x | CN¥23.96 Million |
| 2009 | 22.42% | 8.82% | 1.08x | 2.36x | CN¥46.66 Million |
| 2010 | 10.15% | 10.71% | 0.67x | 1.40x | CN¥2.12 Million |
| 2011 | 10.31% | 8.56% | 0.76x | 1.59x | CN¥4.78 Million |
| 2012 | 10.71% | 6.38% | 0.85x | 1.96x | CN¥11.81 Million |
| 2013 | 11.76% | 7.74% | 0.64x | 2.38x | CN¥32.73 Million |
| 2014 | 8.27% | 5.90% | 0.59x | 2.40x | CN¥-37.31 Million |
| 2015 | 6.56% | 5.88% | 0.60x | 1.87x | CN¥-96.33 Million |
| 2016 | 18.37% | 13.01% | 0.61x | 2.30x | CN¥245.59 Million |
| 2017 | 12.66% | 13.70% | 0.49x | 1.90x | CN¥121.12 Million |
| 2018 | 8.50% | 9.75% | 0.42x | 2.06x | CN¥-74.73 Million |
| 2019 | -70.48% | -56.44% | 0.42x | 3.00x | CN¥-2.28 Billion |
| 2020 | 1.75% | 1.37% | 0.44x | 2.91x | CN¥-230.82 Million |
| 2021 | -28.59% | -20.49% | 0.48x | 2.91x | CN¥-823.51 Million |
| 2022 | 5.63% | 3.78% | 0.55x | 2.69x | CN¥-97.24 Million |
| 2023 | 9.60% | 7.07% | 0.57x | 2.39x | CN¥-9.82 Million |
| 2024 | 3.04% | 2.65% | 0.53x | 2.15x | CN¥-177.25 Million |
Industry Comparison
This section compares Tongding Interconnection Information's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,399,685,798
- Average return on equity (ROE) among peers: -30.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tongding Interconnection Information (002491) | CN¥2.70 Billion | 3.62% | 1.26x | $1.00 Billion |
| XJ Electric Co Ltd (000400) | $11.69 Billion | 8.60% | 0.87x | $2.50 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $880.32 Million |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.31 Billion | 8.55% | 0.86x | $364.23 Million |
| Huagong Tech Co Ltd (000988) | $3.01 Billion | 5.01% | 0.66x | $9.70 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.62 Billion | 6.74% | 1.87x | $855.32 Million |
| Shijiazhuang Shangtai Technology Co. Ltd. A (001301) | $1.35 Billion | 11.31% | 0.12x | $1.62 Billion |
| Guangdong Xinyaguang Cable Co (001382) | $804.28 Million | 11.99% | 1.13x | $201.71 Million |
| Sieyuan Electric Co Ltd (002028) | $3.44 Billion | 10.09% | 0.45x | $14.61 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $186.07 Million | 7.07% | 0.22x | $217.00 Million |
| Gotion High tech Co Ltd (002074) | $324.01 Million | 7.87% | 0.45x | $5.08 Billion |