Tatwah Smartech Co Ltd
Tatwah Smartech Co.,Ltd. provides communication networks, digital screens, and digital application services in China and internationally. The company provides satellite terminal products, applications and solutions. It offers customized screen display terminal product, such as consumer electronics, commercial display, education, elderly care, smart manufacturing, etc. In addition, the company off… Read more
Tatwah Smartech Co Ltd (002512) - Net Assets
Latest net assets as of September 2025: CN¥424.75 Million CNY
Based on the latest financial reports, Tatwah Smartech Co Ltd (002512) has net assets worth CN¥424.75 Million 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¥2.43 Billion) and total liabilities (CN¥2.01 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¥424.75 Million |
| % of Total Assets | 17.45% |
| Annual Growth Rate | 12.12% |
| 5-Year Change | -67.63% |
| 10-Year Change | -84.58% |
| Growth Volatility | 134.77 |
Tatwah Smartech Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Tatwah Smartech 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 Tatwah Smartech Co Ltd (2007–2024)
The table below shows the annual net assets of Tatwah Smartech Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥439.32 Million | -61.79% |
| 2023-12-31 | CN¥1.15 Billion | -22.62% |
| 2022-12-31 | CN¥1.49 Billion | +9.82% |
| 2021-12-31 | CN¥1.35 Billion | -0.33% |
| 2020-12-31 | CN¥1.36 Billion | +2.17% |
| 2019-12-31 | CN¥1.33 Billion | +6.49% |
| 2018-12-31 | CN¥1.25 Billion | -60.27% |
| 2017-12-31 | CN¥3.14 Billion | +4.82% |
| 2016-12-31 | CN¥3.00 Billion | +5.14% |
| 2015-12-31 | CN¥2.85 Billion | +73.07% |
| 2014-12-31 | CN¥1.65 Billion | -4.32% |
| 2013-12-31 | CN¥1.72 Billion | +55.28% |
| 2012-12-31 | CN¥1.11 Billion | +5.30% |
| 2011-12-31 | CN¥1.05 Billion | +17.22% |
| 2010-12-31 | CN¥897.72 Million | +560.05% |
| 2009-12-31 | CN¥136.01 Million | +24.33% |
| 2008-12-31 | CN¥109.40 Million | +74.17% |
| 2007-12-31 | CN¥62.81 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tatwah Smartech 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 decreased by 7211.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.15 Billion | 277.28% |
| Other Components | CN¥1.35 Billion | 327.23% |
| Total Equity | CN¥413.69 Million | 100.00% |
Tatwah Smartech Co Ltd Competitors by Market Cap
The table below lists competitors of Tatwah Smartech Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Third Coast Bancshares, Inc.
NASDAQ:TCBX
|
$490.13 Million |
|
JSE Limited
PINK:JSEJF
|
$490.29 Million |
|
Changshu Automotive Trim Co
SHG:603035
|
$490.33 Million |
|
Hangzhou Pinming Software Co. Ltd. A
SHG:688109
|
$490.48 Million |
|
JW Pharmaceutical Corp
KO:001067
|
$489.75 Million |
|
Shenzhen Yanmade Technology Inc
SHG:688312
|
$489.72 Million |
|
Shanghai Jinfeng Wine Co Ltd
SHG:600616
|
$489.63 Million |
|
SCG PACKAGING -NVDR- BA1
F:5Y7
|
$489.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tatwah Smartech Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 458,172,027 to 413,689,796, a change of -44,482,231 (-9.7%).
- Net income of 24,165,356 contributed positively to equity growth.
- Dividend payments of 47,075,911 reduced retained earnings.
- Share repurchases of 5,182,481 reduced equity.
- Other factors decreased equity by 16,389,195.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥24.17 Million | +5.84% |
| Dividends Paid | CN¥47.08 Million | -11.38% |
| Share Repurchases | CN¥5.18 Million | -1.25% |
| Other Changes | CN¥-16.39 Million | -3.96% |
| Total Change | CN¥- | -9.71% |
Book Value vs Market Value Analysis
This analysis compares Tatwah Smartech 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: 12.13x
- 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 24.72x to 12.13x 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¥0.19 | CN¥4.59 | x |
| 2008-12-31 | CN¥0.25 | CN¥4.59 | x |
| 2009-12-31 | CN¥0.25 | CN¥4.59 | x |
| 2010-12-31 | CN¥1.47 | CN¥4.59 | x |
| 2011-12-31 | CN¥1.16 | CN¥4.59 | x |
| 2012-12-31 | CN¥1.20 | CN¥4.59 | x |
| 2013-12-31 | CN¥1.75 | CN¥4.59 | x |
| 2014-12-31 | CN¥1.59 | CN¥4.59 | x |
| 2015-12-31 | CN¥2.99 | CN¥4.59 | x |
| 2016-12-31 | CN¥2.55 | CN¥4.59 | x |
| 2017-12-31 | CN¥2.67 | CN¥4.59 | x |
| 2018-12-31 | CN¥1.04 | CN¥4.59 | x |
| 2019-12-31 | CN¥1.20 | CN¥4.59 | x |
| 2020-12-31 | CN¥1.17 | CN¥4.59 | x |
| 2021-12-31 | CN¥0.73 | CN¥4.59 | x |
| 2022-12-31 | CN¥0.69 | CN¥4.59 | x |
| 2023-12-31 | CN¥0.42 | CN¥4.59 | x |
| 2024-12-31 | CN¥0.38 | CN¥4.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tatwah Smartech 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): 5.84%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.25%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 6.37x
- Recent ROE (5.84%) is above the historical average (-9.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 31.91% | 13.72% | 1.01x | 2.29x | CN¥13.76 Million |
| 2008 | 34.98% | 16.00% | 1.05x | 2.09x | CN¥27.32 Million |
| 2009 | 30.38% | 16.56% | 1.00x | 1.83x | CN¥27.71 Million |
| 2010 | 5.19% | 17.86% | 0.27x | 1.07x | CN¥-43.22 Million |
| 2011 | 6.40% | 19.01% | 0.25x | 1.37x | CN¥-33.24 Million |
| 2012 | 6.04% | 14.05% | 0.30x | 1.46x | CN¥-37.75 Million |
| 2013 | 6.23% | 15.78% | 0.26x | 1.50x | CN¥-53.17 Million |
| 2014 | 7.22% | 12.87% | 0.35x | 1.61x | CN¥-39.16 Million |
| 2015 | 4.87% | 9.19% | 0.28x | 1.90x | CN¥-135.91 Million |
| 2016 | 5.70% | 4.54% | 0.55x | 2.29x | CN¥-120.19 Million |
| 2017 | 5.86% | 4.95% | 0.44x | 2.70x | CN¥-121.14 Million |
| 2018 | -152.18% | -60.46% | 0.50x | 5.07x | CN¥-1.86 Billion |
| 2019 | 3.78% | 2.17% | 0.42x | 4.17x | CN¥-81.64 Million |
| 2020 | 1.50% | 0.95% | 0.48x | 3.26x | CN¥-113.85 Million |
| 2021 | -64.78% | -23.17% | 0.52x | 5.40x | CN¥-599.31 Million |
| 2022 | -45.31% | -19.62% | 0.36x | 6.43x | CN¥-417.34 Million |
| 2023 | -64.65% | -15.06% | 0.45x | 9.64x | CN¥-342.02 Million |
| 2024 | 5.84% | 1.25% | 0.73x | 6.37x | CN¥-17.20 Million |
Industry Comparison
This section compares Tatwah Smartech Co Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $966,425,818
- Average return on equity (ROE) among peers: -6.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tatwah Smartech Co Ltd (002512) | CN¥424.75 Million | 31.91% | 4.73x | $489.89 Million |
| UniTTEC Co Ltd (000925) | $84.18 Million | 29.84% | 0.80x | $578.87 Million |
| Zhejiang Chengchang Technology Co. Ltd. (001270) | $1.36 Billion | 9.73% | 0.04x | $1.22 Billion |
| Shenzhen Techwinsemi Technology Co. Ltd. (001309) | $28.78 Million | 25.94% | 4.55x | $5.61 Billion |
| Unigroup Guoxin Microelectronics Co Ltd (002049) | $2.35 Billion | 11.59% | 0.31x | $6.06 Billion |
| Sinosteel Anhui Tianyuan Technology Co Ltd (002057) | $3.02 Billion | 7.15% | 0.61x | $693.86 Million |
| Suzhou Good-Ark Electronics Co Ltd (002079) | $150.59 Million | 29.58% | 0.75x | $799.25 Million |
| Tianjin Printronics Circuit Corp (002134) | $695.35 Million | -2.78% | 0.19x | $565.39 Million |
| Chutian Dragon Co Ltd (003040) | $988.34 Million | 12.83% | 0.52x | $512.00 Million |
| Jiangsu Huasheng Tianlong Photo (300029) | $17.90 Million | -178.82% | 10.63x | $94.42 Million |