Tongding Interconnection Information (002491) - Net Assets
Based on the latest financial reports, Tongding Interconnection Information (002491) has net assets worth CN¥2.70 Billion CNY (≈ $394.39 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¥6.10 Billion ≈ $892.19 Million USD) and total liabilities (CN¥3.40 Billion ≈ $497.80 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 002491 strategic asset allocation to assess the company's strategic physical and investment asset allocation.
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. For live market cap and overall valuation, see Tongding Interconnection Information market cap and net worth.
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. Also explore Tongding Interconnection Information net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.56 Billion ≈ $374.48 Million |
+3.21% |
| 2023-12-31 | CN¥2.48 Billion ≈ $362.82 Million |
+10.34% |
| 2022-12-31 | CN¥2.25 Billion ≈ $328.80 Million |
+4.41% |
| 2021-12-31 | CN¥2.15 Billion ≈ $314.92 Million |
-24.61% |
| 2020-12-31 | CN¥2.85 Billion ≈ $417.70 Million |
-2.29% |
| 2019-12-31 | CN¥2.92 Billion ≈ $427.51 Million |
-41.70% |
| 2018-12-31 | CN¥5.01 Billion ≈ $733.35 Million |
+7.83% |
| 2017-12-31 | CN¥4.65 Billion ≈ $680.08 Million |
+54.31% |
| 2016-12-31 | CN¥3.01 Billion ≈ $440.74 Million |
+4.74% |
| 2015-12-31 | CN¥2.88 Billion ≈ $420.79 Million |
+30.40% |
| 2014-12-31 | CN¥2.21 Billion ≈ $322.70 Million |
+17.63% |
| 2013-12-31 | CN¥1.87 Billion ≈ $274.32 Million |
+11.16% |
| 2012-12-31 | CN¥1.69 Billion ≈ $246.78 Million |
+7.82% |
| 2011-12-31 | CN¥1.56 Billion ≈ $228.89 Million |
+10.02% |
| 2010-12-31 | CN¥1.42 Billion ≈ $208.05 Million |
+272.22% |
| 2009-12-31 | CN¥381.97 Million ≈ $55.89 Million |
+28.64% |
| 2008-12-31 | CN¥296.93 Million ≈ $43.45 Million |
+6.66% |
| 2007-12-31 | CN¥278.40 Million ≈ $40.74 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 |
|---|---|
|
Turk Telekomunikasyon AS
IS:TTKOM
|
$4.28 Billion |
|
Global Power Synergy PCL
BK:GPSC
|
$4.28 Billion |
|
QuantumScape Corporation Class A Common Stock
NYSE:QS
|
$4.29 Billion |
|
Apeloa Pharmaceutical Co Ltd
SHE:000739
|
$4.29 Billion |
|
Almonty Industries Inc. Common Shares
NASDAQ:ALM
|
$4.28 Billion |
|
Joinn Laboratories(China)Co
SHG:603127
|
$4.28 Billion |
|
OPENLANE, Inc.
NYSE:OPLN
|
$4.28 Billion |
|
ENSTAR GROUP LTD DL-01
F:48R
|
$4.27 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: 11.49x
- 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 64.15x to 11.49x 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¥23.80 | x |
| 2008-12-31 | CN¥0.37 | CN¥23.80 | x |
| 2009-12-31 | CN¥0.48 | CN¥23.80 | x |
| 2010-12-31 | CN¥1.71 | CN¥23.80 | x |
| 2011-12-31 | CN¥1.48 | CN¥23.80 | x |
| 2012-12-31 | CN¥1.60 | CN¥23.80 | x |
| 2013-12-31 | CN¥2.29 | CN¥23.80 | x |
| 2014-12-31 | CN¥2.03 | CN¥23.80 | x |
| 2015-12-31 | CN¥2.45 | CN¥23.80 | x |
| 2016-12-31 | CN¥2.47 | CN¥23.80 | x |
| 2017-12-31 | CN¥3.66 | CN¥23.80 | x |
| 2018-12-31 | CN¥3.94 | CN¥23.80 | x |
| 2019-12-31 | CN¥2.29 | CN¥23.80 | x |
| 2020-12-31 | CN¥2.26 | CN¥23.80 | x |
| 2021-12-31 | CN¥1.73 | CN¥23.80 | x |
| 2022-12-31 | CN¥1.81 | CN¥23.80 | x |
| 2023-12-31 | CN¥2.00 | CN¥23.80 | x |
| 2024-12-31 | CN¥2.07 | CN¥23.80 | 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: $2,784,406,976
- Average return on equity (ROE) among peers: 9.17%
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 | $4.28 Billion |
| XJ Electric Co Ltd (000400) | $8.35 Billion | 2.39% | 0.75x | $3.01 Billion |
| Guangdong Macro Co Ltd (000533) | $1.23 Billion | 12.30% | 0.77x | $1.05 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $8.60 Billion | 2.68% | 0.78x | $883.45 Million |
| Dongfang Electronics Co Ltd (000682) | $3.15 Billion | 2.01% | 0.52x | $2.04 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.53 Billion | 4.09% | 0.63x | $665.61 Million |
| Huagong Tech Co Ltd (000988) | $96.48 Million | 19.13% | 0.23x | $15.14 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.27 Billion |
| Sieyuan Electric Co Ltd (002028) | $3.09 Billion | 17.92% | 0.33x | $14.34 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $200.73 Million | 2.91% | 0.19x | $361.47 Million |
| Gotion High tech Co Ltd (002074) | $105.54 Million | 20.87% | 1.30x | $7.11 Billion |
About 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