Tongding Interconnection Information (002491) - Net Assets

Latest as of September 2025: CN¥2.70 Billion CNY ≈ $394.39 Million USD

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 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Tongding Interconnection Information assets under control for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Tongding Interconnection Information (002491) total market value.

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
MNC Studios International Tbk PT
JK:MSIN
 $2.84 Billion
Synaptics Incorporated
NASDAQ:SYNA
 $2.85 Billion
Digitalbridge Group Inc
NYSE:DBRG
 $2.85 Billion
WD-40 Company
NASDAQ:WDFC
 $2.85 Billion
Spyre Therapeutics Inc.
NASDAQ:SYRE
 $2.84 Billion
AIR FRANCE-KLM ADR EO 85
F:FQZ
 $2.84 Billion
China Suntien Green Energy Corp Ltd
SHG:600956
 $2.84 Billion
HSBC Holdings PLC
LSE:HSBA
 $2.84 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: 7.63x
  • 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 42.59x to 7.63x 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¥15.80 x
2008-12-31 CN¥0.37 CN¥15.80 x
2009-12-31 CN¥0.48 CN¥15.80 x
2010-12-31 CN¥1.71 CN¥15.80 x
2011-12-31 CN¥1.48 CN¥15.80 x
2012-12-31 CN¥1.60 CN¥15.80 x
2013-12-31 CN¥2.29 CN¥15.80 x
2014-12-31 CN¥2.03 CN¥15.80 x
2015-12-31 CN¥2.45 CN¥15.80 x
2016-12-31 CN¥2.47 CN¥15.80 x
2017-12-31 CN¥3.66 CN¥15.80 x
2018-12-31 CN¥3.94 CN¥15.80 x
2019-12-31 CN¥2.29 CN¥15.80 x
2020-12-31 CN¥2.26 CN¥15.80 x
2021-12-31 CN¥1.73 CN¥15.80 x
2022-12-31 CN¥1.81 CN¥15.80 x
2023-12-31 CN¥2.00 CN¥15.80 x
2024-12-31 CN¥2.07 CN¥15.80 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: $1,164,821,620
  • Average return on equity (ROE) among peers: -27.63%

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 $2.84 Billion
XJ Electric Co Ltd (000400) $789.62 Million 13.31% 0.28x $3.75 Billion
Guangdong Macro Co Ltd (000533) $259.29 Million -377.39% 9.44x $1.28 Billion
Foshan Electrical and Lighting Co Ltd (000541) $3.00 Billion 13.36% 0.15x $1.02 Billion
Dongfang Electronics Co Ltd (000682) $1.32 Billion 0.16% 0.16x $2.56 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720) $967.32 Million 3.48% 4.72x $834.77 Million
Huagong Tech Co Ltd (000988) $141.93 Million 21.53% 0.30x $17.59 Billion
Hunan Valin Wire & Cable Co Ltd (001208) $1.48 Billion 7.41% 1.41x $1.79 Billion
Sieyuan Electric Co Ltd (002028) $478.86 Million 17.57% 0.71x $22.29 Billion
Shanghai Welltech Automation Co Ltd (002058) $170.82 Million 5.01% 0.32x $526.87 Million
Gotion High tech Co Ltd (002074) $3.04 Billion 19.22% 1.21x $9.75 Billion

About Tongding Interconnection Information

SHE:002491 China Electrical Equipment & Parts
Market Cap
$2.84 Billion
CN¥19.43 Billion CNY
Market Cap Rank
#5104 Global
#987 in China
Share Price
CN¥15.80
Change (1 day)
-4.65%
52-Week Range
CN¥4.84 - CN¥17.22
All Time High
CN¥21.02
Categories
Companies in China Electrical Equipment & Parts
About

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