Tatwah Smartech Co Ltd (002512) - Net Assets
Based on the latest financial reports, Tatwah Smartech Co Ltd (002512) has net assets worth CN¥424.75 Million CNY (≈ $62.15 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¥2.43 Billion ≈ $356.21 Million USD) and total liabilities (CN¥2.01 Billion ≈ $294.05 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 002512 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore 002512 asset base for the complete picture of this company's asset base.
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. For live valuation and market cap data, see 002512 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥439.32 Million ≈ $64.29 Million |
-61.79% |
| 2023-12-31 | CN¥1.15 Billion ≈ $168.23 Million |
-22.62% |
| 2022-12-31 | CN¥1.49 Billion ≈ $217.41 Million |
+9.82% |
| 2021-12-31 | CN¥1.35 Billion ≈ $197.96 Million |
-0.33% |
| 2020-12-31 | CN¥1.36 Billion ≈ $198.62 Million |
+2.17% |
| 2019-12-31 | CN¥1.33 Billion ≈ $194.40 Million |
+6.49% |
| 2018-12-31 | CN¥1.25 Billion ≈ $182.56 Million |
-60.27% |
| 2017-12-31 | CN¥3.14 Billion ≈ $459.50 Million |
+4.82% |
| 2016-12-31 | CN¥3.00 Billion ≈ $438.37 Million |
+5.14% |
| 2015-12-31 | CN¥2.85 Billion ≈ $416.93 Million |
+73.07% |
| 2014-12-31 | CN¥1.65 Billion ≈ $240.90 Million |
-4.32% |
| 2013-12-31 | CN¥1.72 Billion ≈ $251.79 Million |
+55.28% |
| 2012-12-31 | CN¥1.11 Billion ≈ $162.15 Million |
+5.30% |
| 2011-12-31 | CN¥1.05 Billion ≈ $153.99 Million |
+17.22% |
| 2010-12-31 | CN¥897.72 Million ≈ $131.36 Million |
+560.05% |
| 2009-12-31 | CN¥136.01 Million ≈ $19.90 Million |
+24.33% |
| 2008-12-31 | CN¥109.40 Million ≈ $16.01 Million |
+74.17% |
| 2007-12-31 | CN¥62.81 Million ≈ $9.19 Million |
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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 |
|---|---|
|
Kronos Worldwide Inc
NYSE:KRO
|
$701.82 Million |
|
Lg Electronics Pref
KO:066575
|
$702.10 Million |
|
Hubei Biocause Heilen Pharmaceutical Co. Ltd.
SHE:301211
|
$702.13 Million |
|
Thinking Electronic Industrial Co Ltd
TW:2428
|
$702.31 Million |
|
AFYA LTD. CL.A DL-00005
F:1AY
|
$701.62 Million |
|
Serve Robotics Inc. Common Stock
NASDAQ:SERV
|
$701.56 Million |
|
Gan Yuan Foods Co Ltd
SHE:002991
|
$701.53 Million |
|
Velesto Energy Bhd
KLSE:5243
|
$701.31 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 24,165,357 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 16,389,196.
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: 11.39x
- 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 23.21x to 11.39x 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¥4.31 | x |
| 2008-12-31 | CN¥0.25 | CN¥4.31 | x |
| 2009-12-31 | CN¥0.25 | CN¥4.31 | x |
| 2010-12-31 | CN¥1.47 | CN¥4.31 | x |
| 2011-12-31 | CN¥1.16 | CN¥4.31 | x |
| 2012-12-31 | CN¥1.20 | CN¥4.31 | x |
| 2013-12-31 | CN¥1.75 | CN¥4.31 | x |
| 2014-12-31 | CN¥1.59 | CN¥4.31 | x |
| 2015-12-31 | CN¥2.99 | CN¥4.31 | x |
| 2016-12-31 | CN¥2.55 | CN¥4.31 | x |
| 2017-12-31 | CN¥2.67 | CN¥4.31 | x |
| 2018-12-31 | CN¥1.04 | CN¥4.31 | x |
| 2019-12-31 | CN¥1.20 | CN¥4.31 | x |
| 2020-12-31 | CN¥1.33 | CN¥4.31 | x |
| 2021-12-31 | CN¥0.73 | CN¥4.31 | x |
| 2022-12-31 | CN¥0.69 | CN¥4.31 | x |
| 2023-12-31 | CN¥0.42 | CN¥4.31 | x |
| 2024-12-31 | CN¥0.38 | CN¥4.31 | 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 (-10.09%), 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% | 15.96% | 0.26x | 1.50x | CN¥-53.17 Million |
| 2014 | 7.22% | 13.38% | 0.34x | 1.61x | CN¥-39.16 Million |
| 2015 | 4.87% | 9.23% | 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 | -64.18% | -22.95% | 0.52x | 5.40x | CN¥-594.45 Million |
| 2022 | -43.32% | -18.76% | 0.36x | 6.43x | CN¥-402.34 Million |
| 2023 | -77.77% | -18.12% | 0.45x | 9.64x | CN¥-402.14 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: $2,145,544,565
- Average return on equity (ROE) among peers: 6.01%
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 | $701.64 Million |
| UniTTEC Co Ltd (000925) | $1.22 Billion | 2.79% | 2.52x | $909.57 Million |
| Unigroup Guoxin Microelectronics Co Ltd (002049) | $12.39 Billion | 9.51% | 0.40x | $9.61 Billion |
| Sinosteel Anhui Tianyuan Technology Co Ltd (002057) | $245.66 Million | 4.18% | 0.78x | $1.06 Billion |
| Suzhou Good-Ark Electronics Co Ltd (002079) | $501.66 Million | 7.47% | 0.41x | $1.39 Billion |
| Ningbo Kangqiang Electronics Co Ltd (002119) | $629.45 Million | 7.50% | 0.73x | $1.15 Billion |
| Tianjin Printronics Circuit Corp (002134) | $710.96 Million | 2.48% | 0.13x | $913.46 Million |
| Chutian Dragon Co Ltd (003040) | $1.37 Billion | 4.56% | 0.48x | $998.01 Million |
| Jiangsu Huasheng Tianlong Photo (300029) | $1.14 Billion | 5.99% | 0.16x | $81.27 Million |
| Nations Technologies Inc (300077) | $1.09 Billion | 9.56% | 0.85x | $1.97 Billion |
About 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