Henan Tong-Da Cable Co Ltd
Henan Tong-Da Cable Co., Ltd. researches, develops, and produces wires and cables in the People's Republic of China. It offers bare conductor; steel core aluminum stranded wire series and aluminum alloy stranded wire series for UHV and EHV, contact wires and catenary wire series for electrified railways and urban rail transit; power cables, including power cables for urban distribution networks, … Read more
Henan Tong-Da Cable Co Ltd (002560) - Net Assets
Latest net assets as of September 2025: CN¥2.75 Billion CNY
Based on the latest financial reports, Henan Tong-Da Cable Co Ltd (002560) has net assets worth CN¥2.75 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¥5.38 Billion) and total liabilities (CN¥2.63 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¥2.75 Billion |
| % of Total Assets | 51.17% |
| Annual Growth Rate | 19.86% |
| 5-Year Change | 8.81% |
| 10-Year Change | 58.18% |
| Growth Volatility | 52.11 |
Henan Tong-Da Cable Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Henan Tong-Da Cable 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 Henan Tong-Da Cable Co Ltd (2007–2024)
The table below shows the annual net assets of Henan Tong-Da Cable Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.60 Billion | -1.18% |
| 2023-12-31 | CN¥2.63 Billion | +4.06% |
| 2022-12-31 | CN¥2.53 Billion | +4.92% |
| 2021-12-31 | CN¥2.41 Billion | +0.86% |
| 2020-12-31 | CN¥2.39 Billion | +36.39% |
| 2019-12-31 | CN¥1.75 Billion | +7.11% |
| 2018-12-31 | CN¥1.64 Billion | +0.06% |
| 2017-12-31 | CN¥1.64 Billion | -5.57% |
| 2016-12-31 | CN¥1.73 Billion | +5.32% |
| 2015-12-31 | CN¥1.65 Billion | +2.56% |
| 2014-12-31 | CN¥1.61 Billion | +41.55% |
| 2013-12-31 | CN¥1.13 Billion | +12.49% |
| 2012-12-31 | CN¥1.01 Billion | +18.81% |
| 2011-12-31 | CN¥848.38 Million | +226.27% |
| 2010-12-31 | CN¥260.03 Million | +24.96% |
| 2009-12-31 | CN¥208.09 Million | +25.25% |
| 2008-12-31 | CN¥166.15 Million | +38.84% |
| 2007-12-31 | CN¥119.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Henan Tong-Da Cable 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 grown by 8181.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥625.58 Million | 24.65% |
| Common Stock | CN¥525.74 Million | 20.72% |
| Other Components | CN¥1.39 Billion | 54.63% |
| Total Equity | CN¥2.54 Billion | 100.00% |
Henan Tong-Da Cable Co Ltd Competitors by Market Cap
The table below lists competitors of Henan Tong-Da Cable Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VITASOY INTL
MU:VS6
|
$541.44 Million |
|
Taiyuan Heavy Industry Co Ltd
SHG:600169
|
$541.60 Million |
|
Hunan Er Kang Pharmaceutical
SHE:300267
|
$541.65 Million |
|
BELRISE INDUSTRIES LTD
NSE:BELRISE
|
$541.77 Million |
|
SIA ENGINEERING CO.
F:O3H
|
$541.08 Million |
|
Wuhan Thalys Med Tech Co Ltd
SHG:603716
|
$541.06 Million |
|
ARGAN EO 2
F:871
|
$540.98 Million |
|
CanSino Biologics Inc
PINK:CASBF
|
$540.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Henan Tong-Da Cable Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,577,305,393 to 2,537,430,482, a change of -39,874,911 (-1.5%).
- Net income of 25,492,776 contributed positively to equity growth.
- Dividend payments of 100,387,877 reduced retained earnings.
- Share repurchases of 12,948,853 reduced equity.
- Other factors increased equity by 47,969,043.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥25.49 Million | +1.0% |
| Dividends Paid | CN¥100.39 Million | -3.96% |
| Share Repurchases | CN¥12.95 Million | -0.51% |
| Other Changes | CN¥47.97 Million | +1.89% |
| Total Change | CN¥- | -1.55% |
Book Value vs Market Value Analysis
This analysis compares Henan Tong-Da Cable 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: 2.01x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 19.28x to 2.01x 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¥0.52 | CN¥9.99 | x |
| 2008-12-31 | CN¥0.72 | CN¥9.99 | x |
| 2009-12-31 | CN¥0.90 | CN¥9.99 | x |
| 2010-12-31 | CN¥1.47 | CN¥9.99 | x |
| 2011-12-31 | CN¥2.81 | CN¥9.99 | x |
| 2012-12-31 | CN¥2.89 | CN¥9.99 | x |
| 2013-12-31 | CN¥3.02 | CN¥9.99 | x |
| 2014-12-31 | CN¥3.36 | CN¥9.99 | x |
| 2015-12-31 | CN¥3.44 | CN¥9.99 | x |
| 2016-12-31 | CN¥3.63 | CN¥9.99 | x |
| 2017-12-31 | CN¥3.77 | CN¥9.99 | x |
| 2018-12-31 | CN¥3.94 | CN¥9.99 | x |
| 2019-12-31 | CN¥3.79 | CN¥9.99 | x |
| 2020-12-31 | CN¥5.03 | CN¥9.99 | x |
| 2021-12-31 | CN¥4.54 | CN¥9.99 | x |
| 2022-12-31 | CN¥4.71 | CN¥9.99 | x |
| 2023-12-31 | CN¥4.99 | CN¥9.99 | x |
| 2024-12-31 | CN¥4.98 | CN¥9.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Henan Tong-Da Cable 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): 1.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.41%
- • Asset Turnover: 1.23x
- • Equity Multiplier: 1.99x
- Recent ROE (1.00%) is below the historical average (8.19%), 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 | 28.00% | 5.83% | 1.64x | 2.93x | CN¥21.53 Million |
| 2008 | 27.92% | 6.15% | 1.93x | 2.35x | CN¥29.78 Million |
| 2009 | 19.30% | 6.11% | 1.56x | 2.03x | CN¥19.34 Million |
| 2010 | 20.70% | 6.97% | 1.35x | 2.20x | CN¥27.81 Million |
| 2011 | 6.41% | 5.64% | 0.94x | 1.21x | CN¥-30.42 Million |
| 2012 | 6.34% | 5.79% | 0.61x | 1.79x | CN¥-32.50 Million |
| 2013 | 6.41% | 6.14% | 0.67x | 1.57x | CN¥-33.31 Million |
| 2014 | 3.38% | 5.87% | 0.41x | 1.42x | CN¥-91.98 Million |
| 2015 | 4.07% | 4.49% | 0.55x | 1.63x | CN¥-84.58 Million |
| 2016 | 5.51% | 5.14% | 0.63x | 1.70x | CN¥-68.10 Million |
| 2017 | 0.80% | 0.72% | 0.67x | 1.63x | CN¥-139.08 Million |
| 2018 | -1.41% | -0.89% | 0.84x | 1.90x | CN¥-173.12 Million |
| 2019 | 5.81% | 5.33% | 0.60x | 1.81x | CN¥-68.99 Million |
| 2020 | 4.07% | 4.87% | 0.58x | 1.43x | CN¥-137.64 Million |
| 2021 | 1.04% | 1.03% | 0.65x | 1.55x | CN¥-209.95 Million |
| 2022 | 4.91% | 2.22% | 1.05x | 2.10x | CN¥-126.80 Million |
| 2023 | 3.21% | 1.48% | 1.26x | 1.71x | CN¥-175.09 Million |
| 2024 | 1.00% | 0.41% | 1.23x | 1.99x | CN¥-228.25 Million |
Industry Comparison
This section compares Henan Tong-Da Cable Co Ltd'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 |
|---|---|---|---|---|
| Henan Tong-Da Cable Co Ltd (002560) | CN¥2.75 Billion | 28.00% | 0.95x | $541.36 Million |
| 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 |