Tongyu Communication Inc
Tongyu Communication Inc. researches and develops, manufactures, sells, and services mobile communication antennas, radio frequency (RF) devices, optical modules, and other products worldwide. The company's products include base station antennas; microwave antennas and components; RF components; Transceivers, PON, and AOC/DAC; small cell antennas; VSAT terminal; phased array satellite antenna; on… Read more
Tongyu Communication Inc (002792) - Net Assets
Latest net assets as of September 2025: CN¥2.80 Billion CNY
Based on the latest financial reports, Tongyu Communication Inc (002792) has net assets worth CN¥2.80 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¥3.49 Billion) and total liabilities (CN¥688.29 Million). 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¥2.80 Billion |
| % of Total Assets | 80.25% |
| Annual Growth Rate | 14.25% |
| 5-Year Change | 32.78% |
| 10-Year Change | 160.7% |
| Growth Volatility | 21.57 |
Tongyu Communication Inc - Net Assets Trend (2009–2024)
This chart illustrates how Tongyu Communication Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tongyu Communication Inc (2009–2024)
The table below shows the annual net assets of Tongyu Communication Inc from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.78 Billion | -0.83% |
| 2023-12-31 | CN¥2.80 Billion | +1.60% |
| 2022-12-31 | CN¥2.76 Billion | +1.92% |
| 2021-12-31 | CN¥2.71 Billion | +29.30% |
| 2020-12-31 | CN¥2.09 Billion | +3.26% |
| 2019-12-31 | CN¥2.03 Billion | +0.88% |
| 2018-12-31 | CN¥2.01 Billion | +1.77% |
| 2017-12-31 | CN¥1.97 Billion | +6.62% |
| 2016-12-31 | CN¥1.85 Billion | +73.70% |
| 2015-12-31 | CN¥1.07 Billion | +25.84% |
| 2014-12-31 | CN¥847.39 Million | +57.36% |
| 2013-12-31 | CN¥538.51 Million | +11.02% |
| 2012-12-31 | CN¥485.07 Million | +1.28% |
| 2011-12-31 | CN¥478.91 Million | +8.76% |
| 2010-12-31 | CN¥440.34 Million | +16.91% |
| 2009-12-31 | CN¥376.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tongyu Communication Inc'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 220.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥924.21 Million | 33.25% |
| Common Stock | CN¥522.43 Million | 18.79% |
| Other Comprehensive Income | CN¥109.86 Million | 3.95% |
| Other Components | CN¥1.22 Billion | 44.01% |
| Total Equity | CN¥2.78 Billion | 100.00% |
Tongyu Communication Inc Competitors by Market Cap
The table below lists competitors of Tongyu Communication Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fujian Snowman Co Ltd
SHE:002639
|
$1.51 Billion |
|
Quantum Computing Inc
NASDAQ:QUBT
|
$1.51 Billion |
|
Newell Rubbermaid Inc.
NASDAQ:NWL
|
$1.51 Billion |
|
Chongqing Brewery Co Ltd
SHG:600132
|
$1.51 Billion |
|
Menora Mivtachim Holdings Ltd
PINK:MNRHF
|
$1.51 Billion |
|
Xinxing Ductile Iron Pipes Co Ltd
SHE:000778
|
$1.51 Billion |
|
Delek Group Ltd
PINK:DLKGF
|
$1.51 Billion |
|
Soitec S.A
PINK:SLOIF
|
$1.51 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tongyu Communication Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,803,132,590 to 2,779,930,821, a change of -23,201,769 (-0.8%).
- Net income of 41,385,115 contributed positively to equity growth.
- Dividend payments of 80,805,747 reduced retained earnings.
- Share repurchases of 2,408,691 reduced equity.
- Other comprehensive income increased equity by 14,405,771.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥41.39 Million | +1.49% |
| Dividends Paid | CN¥80.81 Million | -2.91% |
| Share Repurchases | CN¥2.41 Million | -0.09% |
| Other Comprehensive Income | CN¥14.41 Million | +0.52% |
| Other Changes | CN¥4.22 Million | +0.15% |
| Total Change | CN¥- | -0.83% |
Book Value vs Market Value Analysis
This analysis compares Tongyu Communication Inc'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: 7.31x
- 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 18.70x to 7.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥2.10 | CN¥39.27 | x |
| 2010-12-31 | CN¥2.40 | CN¥39.27 | x |
| 2011-12-31 | CN¥2.37 | CN¥39.27 | x |
| 2012-12-31 | CN¥1.79 | CN¥39.27 | x |
| 2013-12-31 | CN¥2.00 | CN¥39.27 | x |
| 2014-12-31 | CN¥3.14 | CN¥39.27 | x |
| 2015-12-31 | CN¥3.94 | CN¥39.27 | x |
| 2016-12-31 | CN¥5.67 | CN¥39.27 | x |
| 2017-12-31 | CN¥5.64 | CN¥39.27 | x |
| 2018-12-31 | CN¥8.75 | CN¥39.27 | x |
| 2019-12-31 | CN¥5.79 | CN¥39.27 | x |
| 2020-12-31 | CN¥5.97 | CN¥39.27 | x |
| 2021-12-31 | CN¥7.90 | CN¥39.27 | x |
| 2022-12-31 | CN¥6.90 | CN¥39.27 | x |
| 2023-12-31 | CN¥5.36 | CN¥39.27 | x |
| 2024-12-31 | CN¥5.37 | CN¥39.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tongyu Communication Inc 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): 1.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.47%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.25x
- Recent ROE (1.49%) is below the historical average (11.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 27.47% | 23.39% | 0.70x | 1.68x | CN¥64.44 Million |
| 2010 | 16.31% | 17.85% | 0.62x | 1.48x | CN¥27.77 Million |
| 2011 | 15.20% | 16.89% | 0.61x | 1.49x | CN¥24.90 Million |
| 2012 | 10.95% | 10.25% | 0.65x | 1.63x | CN¥4.62 Million |
| 2013 | 12.66% | 11.20% | 0.63x | 1.81x | CN¥14.31 Million |
| 2014 | 41.79% | 23.61% | 0.90x | 1.96x | CN¥269.38 Million |
| 2015 | 23.20% | 18.62% | 0.71x | 1.76x | CN¥140.81 Million |
| 2016 | 11.29% | 17.15% | 0.47x | 1.41x | CN¥23.84 Million |
| 2017 | 5.79% | 7.20% | 0.51x | 1.56x | CN¥-80.45 Million |
| 2018 | 2.29% | 3.51% | 0.44x | 1.47x | CN¥-149.84 Million |
| 2019 | 1.29% | 1.54% | 0.52x | 1.61x | CN¥-170.53 Million |
| 2020 | 3.52% | 4.70% | 0.48x | 1.57x | CN¥-130.67 Million |
| 2021 | 1.52% | 2.97% | 0.36x | 1.41x | CN¥-229.59 Million |
| 2022 | 2.96% | 6.70% | 0.34x | 1.29x | CN¥-194.37 Million |
| 2023 | 2.90% | 6.28% | 0.35x | 1.33x | CN¥-199.13 Million |
| 2024 | 1.49% | 3.47% | 0.34x | 1.25x | CN¥-236.61 Million |
Industry Comparison
This section compares Tongyu Communication Inc's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,522,000,668
- Average return on equity (ROE) among peers: -3.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tongyu Communication Inc (002792) | CN¥2.80 Billion | 27.47% | 0.25x | $1.51 Billion |
| Addsino Co Ltd (000547) | $1.77 Billion | 1.02% | 0.25x | $3.67 Billion |
| Sichuan Huiyuan Optical Com (000586) | $329.93 Million | -2.83% | 0.71x | $241.69 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $4.59 Billion | 5.22% | 1.90x | $346.82 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $1.55 Billion | 12.92% | 0.93x | $1.06 Billion |
| Skyworth Digital Co Ltd (000810) | $140.56 Million | 7.13% | 1.37x | $683.09 Million |
| Gohigh Data Networks Technology Co Ltd (000851) | $336.07 Million | -18.04% | 0.44x | $51.64 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $231.11 Million | -66.53% | 2.00x | $840.89 Million |
| Sunwave Communications Co Ltd (002115) | $2.18 Billion | -12.45% | 0.73x | $1.17 Billion |
| Invengo Information Technology Co Ltd (002161) | $2.00 Billion | 37.19% | 0.32x | $638.43 Million |
| Bus Online Co Ltd (002188) | $2.09 Billion | 4.47% | 0.13x | $193.28 Million |