Tongyu Communication Inc (002792) - Net Assets
Based on the latest financial reports, Tongyu Communication Inc (002792) has net assets worth CN¥2.84 Billion CNY (≈ $414.90 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.62 Billion ≈ $529.00 Million USD) and total liabilities (CN¥779.74 Million ≈ $114.10 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 tangible net worth ratio of Tongyu Communication Inc to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.84 Billion |
| % of Total Assets | 78.43% |
| Annual Growth Rate | 13.46% |
| 5-Year Change | 4.89% |
| 10-Year Change | 53.3% |
| Growth Volatility | 21.15 |
Tongyu Communication Inc - Net Assets Trend (2009–2025)
This chart illustrates how Tongyu Communication Inc's net assets have evolved over time, based on quarterly financial data. See Tongyu Communication Inc (002792) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tongyu Communication Inc (2009–2025)
The table below shows the annual net assets of Tongyu Communication Inc from 2009 to 2025. For live valuation and market cap data, see Tongyu Communication Inc (002792) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.84 Billion ≈ $415.51 Million |
+2.14% |
| 2024-12-31 | CN¥2.78 Billion ≈ $406.79 Million |
-0.83% |
| 2023-12-31 | CN¥2.80 Billion ≈ $410.19 Million |
+1.60% |
| 2022-12-31 | CN¥2.76 Billion ≈ $403.73 Million |
+1.92% |
| 2021-12-31 | CN¥2.71 Billion ≈ $396.13 Million |
+29.30% |
| 2020-12-31 | CN¥2.09 Billion ≈ $306.36 Million |
+3.26% |
| 2019-12-31 | CN¥2.03 Billion ≈ $296.70 Million |
+0.88% |
| 2018-12-31 | CN¥2.01 Billion ≈ $294.11 Million |
+1.77% |
| 2017-12-31 | CN¥1.97 Billion ≈ $288.98 Million |
+6.62% |
| 2016-12-31 | CN¥1.85 Billion ≈ $271.04 Million |
+73.70% |
| 2015-12-31 | CN¥1.07 Billion ≈ $156.04 Million |
+25.84% |
| 2014-12-31 | CN¥847.39 Million ≈ $124.00 Million |
+57.36% |
| 2013-12-31 | CN¥538.51 Million ≈ $78.80 Million |
+11.02% |
| 2012-12-31 | CN¥485.07 Million ≈ $70.98 Million |
+1.28% |
| 2011-12-31 | CN¥478.91 Million ≈ $70.08 Million |
+8.76% |
| 2010-12-31 | CN¥440.34 Million ≈ $64.43 Million |
+16.91% |
| 2009-12-31 | CN¥376.64 Million ≈ $55.11 Million |
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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 228.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥944.74 Million | 33.45% |
| Other Components | CN¥1.88 Billion | 66.55% |
| Total Equity | CN¥2.82 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 |
|---|---|
|
Changshu Tianyin Electromechan
SHE:300342
|
$2.63 Billion |
|
First Merchants Corporation
NASDAQ:FRME
|
$2.63 Billion |
|
TP ICAP GROUP PLC LS -25
F:8D7
|
$2.63 Billion |
|
BBB Foods Inc.
NYSE:TBBB
|
$2.63 Billion |
|
ZIM Integrated Shipping Services Ltd.
F:2SV
|
$2.63 Billion |
|
ABM Industries Incorporated
NYSE:ABM
|
$2.63 Billion |
|
InfoVision Optoelectronics Kunshan Co Ltd
SHG:688055
|
$2.62 Billion |
|
Sichuan Injet Electric Co Ltd
SHE:300820
|
$2.62 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 2024 to 2025, total equity changed from 2,779,930,821 to 2,824,633,532, a change of 44,702,711 (1.6%).
- Net income of 41,126,725 contributed positively to equity growth.
- Dividend payments of 13,046,666 reduced retained earnings.
- Other comprehensive income decreased equity by 109,857,420.
- Other factors increased equity by 126,480,072.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥41.13 Million | +1.46% |
| Dividends Paid | CN¥13.05 Million | -0.46% |
| Other Comprehensive Income | CN¥-109.86 Million | -3.89% |
| Other Changes | CN¥126.48 Million | +4.48% |
| Total Change | CN¥- | 1.61% |
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: 6.37x
- 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 16.32x to 6.37x 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¥34.28 | x |
| 2010-12-31 | CN¥2.40 | CN¥34.28 | x |
| 2011-12-31 | CN¥2.37 | CN¥34.28 | x |
| 2012-12-31 | CN¥1.79 | CN¥34.28 | x |
| 2013-12-31 | CN¥1.54 | CN¥34.28 | x |
| 2014-12-31 | CN¥2.41 | CN¥34.28 | x |
| 2015-12-31 | CN¥3.03 | CN¥34.28 | x |
| 2016-12-31 | CN¥4.36 | CN¥34.28 | x |
| 2017-12-31 | CN¥4.34 | CN¥34.28 | x |
| 2018-12-31 | CN¥4.37 | CN¥34.28 | x |
| 2019-12-31 | CN¥4.18 | CN¥34.28 | x |
| 2020-12-31 | CN¥4.59 | CN¥34.28 | x |
| 2021-12-31 | CN¥6.08 | CN¥34.28 | x |
| 2022-12-31 | CN¥5.20 | CN¥34.28 | x |
| 2023-12-31 | CN¥5.52 | CN¥34.28 | x |
| 2024-12-31 | CN¥5.37 | CN¥34.28 | x |
| 2025-12-31 | CN¥5.39 | CN¥34.28 | 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): 1.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.70%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.27x
- Recent ROE (1.46%) is below the historical average (10.71%), 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% | 0.47x | 1.58x | 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 |
| 2025 | 1.46% | 3.70% | 0.31x | 1.27x | CN¥-241.34 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: $5,169,594,398
- Average return on equity (ROE) among peers: 0.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tongyu Communication Inc (002792) | CN¥2.84 Billion | 27.47% | 0.28x | $2.63 Billion |
| ZTE Corp (000063) | $37.95 Billion | 14.48% | 2.72x | $22.66 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $270.17 Million | 19.39% | 1.71x | $3.26 Billion |
| Addsino Co Ltd (000547) | $445.76 Million | 24.64% | 0.28x | $4.33 Billion |
| Sichuan Huiyuan Optical Com (000586) | $329.93 Million | -2.83% | 0.71x | $407.33 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $81.97 Million | 21.36% | 2.89x | $379.34 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $156.24 Million | 7.93% | 2.57x | $1.64 Billion |
| Skyworth Digital Co Ltd (000810) | $6.01 Billion | 13.69% | 0.80x | $2.06 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $3.50 Billion | -44.46% | 1.37x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $377.97 Million | -53.76% | 1.52x | $891.86 Million |
| Sunwave Communications Co Ltd (002115) | $2.57 Billion | 0.68% | 0.81x | $1.27 Billion |
About 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