Chengdu Tianjian Technology Co Ltd (002977) - Net Assets
Based on the latest financial reports, Chengdu Tianjian Technology Co Ltd (002977) has net assets worth CN¥1.05 Billion CNY (≈ $153.18 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¥1.15 Billion ≈ $168.12 Million USD) and total liabilities (CN¥102.11 Million ≈ $14.94 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 financial resilience of Chengdu Tianjian Technology Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.05 Billion |
| % of Total Assets | 91.11% |
| Annual Growth Rate | 33.66% |
| 5-Year Change | 18.38% |
| 10-Year Change | N/A |
| Growth Volatility | 43.83 |
Chengdu Tianjian Technology Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Chengdu Tianjian Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Chengdu Tianjian Technology Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Chengdu Tianjian Technology Co Ltd (2015–2024)
The table below shows the annual net assets of Chengdu Tianjian Technology Co Ltd from 2015 to 2024. For live valuation and market cap data, see 002977 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.09 Billion ≈ $160.08 Million |
-0.45% |
| 2023-12-31 | CN¥1.10 Billion ≈ $160.81 Million |
+3.16% |
| 2022-12-31 | CN¥1.07 Billion ≈ $155.89 Million |
+5.06% |
| 2021-12-31 | CN¥1.01 Billion ≈ $148.38 Million |
+9.73% |
| 2020-12-31 | CN¥924.11 Million ≈ $135.23 Million |
+145.75% |
| 2019-12-31 | CN¥376.04 Million ≈ $55.03 Million |
+34.32% |
| 2018-12-31 | CN¥279.97 Million ≈ $40.97 Million |
+38.70% |
| 2017-12-31 | CN¥201.85 Million ≈ $29.54 Million |
+48.13% |
| 2016-12-31 | CN¥136.26 Million ≈ $19.94 Million |
+69.73% |
| 2015-12-31 | CN¥80.28 Million ≈ $11.75 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Chengdu Tianjian Technology 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 448.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥346.98 Million | 31.72% |
| Common Stock | CN¥120.12 Million | 10.98% |
| Other Components | CN¥626.88 Million | 57.30% |
| Total Equity | CN¥1.09 Billion | 100.00% |
Chengdu Tianjian Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Chengdu Tianjian Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wijaya Karya Beton PT
JK:WIKA
|
$476.61 Million |
|
Westrock Coffee Company
NASDAQ:WEST
|
$476.65 Million |
|
Jw Pharmac
KO:001060
|
$476.78 Million |
|
Light S.A
SA:LIGT3
|
$476.97 Million |
|
Zhuhai Winbase International Chemical Tank Terminal Co Ltd
SHE:002492
|
$476.48 Million |
|
Winton Land Ltd
AU:WTN
|
$476.41 Million |
|
Meorient
SHE:300795
|
$476.30 Million |
|
Guoanda Co Ltd
SHE:300902
|
$476.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chengdu Tianjian Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,098,958,354 to 1,093,979,779, a change of -4,978,575 (-0.5%).
- Net income of 16,036,689 contributed positively to equity growth.
- Dividend payments of 21,621,600 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥16.04 Million | +1.47% |
| Dividends Paid | CN¥21.62 Million | -1.98% |
| Other Changes | CN¥606.34K | +0.06% |
| Total Change | CN¥- | -0.45% |
Book Value vs Market Value Analysis
This analysis compares Chengdu Tianjian Technology 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: 3.06x
- 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 16.83x to 3.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | CN¥1.61 | CN¥27.11 | x |
| 2016-12-31 | CN¥2.73 | CN¥27.11 | x |
| 2017-12-31 | CN¥2.41 | CN¥27.11 | x |
| 2018-12-31 | CN¥3.11 | CN¥27.11 | x |
| 2019-12-31 | CN¥3.13 | CN¥27.11 | x |
| 2020-12-31 | CN¥7.69 | CN¥27.11 | x |
| 2021-12-31 | CN¥8.44 | CN¥27.11 | x |
| 2022-12-31 | CN¥8.87 | CN¥27.11 | x |
| 2023-12-31 | CN¥9.22 | CN¥27.11 | x |
| 2024-12-31 | CN¥8.87 | CN¥27.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chengdu Tianjian Technology 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): 1.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.74%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.15x
- Recent ROE (1.47%) is below the historical average (17.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 23.54% | 20.03% | 0.40x | 2.91x | CN¥10.87 Million |
| 2016 | 41.08% | 36.98% | 0.51x | 2.16x | CN¥42.35 Million |
| 2017 | 16.29% | 18.75% | 0.47x | 1.86x | CN¥12.70 Million |
| 2018 | 35.56% | 36.02% | 0.60x | 1.64x | CN¥71.56 Million |
| 2019 | 25.55% | 34.71% | 0.48x | 1.52x | CN¥58.47 Million |
| 2020 | 8.91% | 37.68% | 0.19x | 1.22x | CN¥-10.04 Million |
| 2021 | 10.98% | 40.00% | 0.23x | 1.20x | CN¥9.95 Million |
| 2022 | 6.83% | 21.22% | 0.26x | 1.26x | CN¥-33.79 Million |
| 2023 | 4.55% | 29.93% | 0.12x | 1.29x | CN¥-59.85 Million |
| 2024 | 1.47% | 11.74% | 0.11x | 1.15x | CN¥-93.36 Million |
Industry Comparison
This section compares Chengdu Tianjian Technology Co Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $4,218,231,932
- Average return on equity (ROE) among peers: 1.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chengdu Tianjian Technology Co Ltd (002977) | CN¥1.05 Billion | 23.54% | 0.10x | $476.52 Million |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $738.32 Million | 10.95% | 0.40x | $1.30 Billion |
| Aecc Aero Engine Control Co Ltd (000738) | $431.62 Million | -51.07% | 1.07x | $3.99 Billion |
| AVIC Aircraft Co Ltd (000768) | $21.02 Billion | 4.87% | 2.51x | $9.56 Billion |
| Sichuan Haite High-tech Co Ltd (002023) | $133.27 Million | 20.72% | 0.75x | $1.37 Billion |
| Aerospace CH UAV Co Ltd (002389) | $3.39 Billion | 2.95% | 0.09x | $3.17 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $8.23 Billion | 4.58% | 0.12x | $12.35 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $1.48 Billion | 0.96% | 0.66x | $527.52 Million |
| Beijing Bei Mo Gao Ke Friction Mate (002985) | $910.30 Million | 16.48% | 0.19x | $1.73 Billion |
| Shaanxi Zhongtian Rocket Technology (003009) | $1.63 Billion | 1.20% | 0.91x | $1.37 Billion |
About Chengdu Tianjian Technology Co Ltd
Chengdu Tianjian Technology Co., Ltd. engages in the research and development, production, and sales of solid-state microwave front end products in China. It offers high-power solid-state transmitters; new phased array antennas; missile-borne solid-state transmitters; and other microwave components. Its products are used in radar systems, satellite communications, measurement and control and othe… Read more