Guangdong Tianhe Agricultural Means
Guangdong Tianhe Agricultural Means of Production Co., Ltd. provides agricultural products and agricultural technical services in China. It operates through Fertilizer, Pesticide, Chemical, Agricultural technology services, and Others products division. The company offers nitrogen, potash, compound, blended, and special fertilizers; pesticides; seedlings; and daily consumer goods. It also engages… Read more
Guangdong Tianhe Agricultural Means (002999) - Net Assets
Latest net assets as of September 2025: CN¥1.69 Billion CNY
Based on the latest financial reports, Guangdong Tianhe Agricultural Means (002999) has net assets worth CN¥1.69 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¥7.27 Billion) and total liabilities (CN¥5.58 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¥1.69 Billion |
| % of Total Assets | 23.21% |
| Annual Growth Rate | 10.66% |
| 5-Year Change | 40.11% |
| 10-Year Change | 160.7% |
| Growth Volatility | 12.08 |
Guangdong Tianhe Agricultural Means - Net Assets Trend (2013–2024)
This chart illustrates how Guangdong Tianhe Agricultural Means's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Guangdong Tianhe Agricultural Means (2013–2024)
The table below shows the annual net assets of Guangdong Tianhe Agricultural Means from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.72 Billion | +17.55% |
| 2023-12-31 | CN¥1.46 Billion | +1.58% |
| 2022-12-31 | CN¥1.44 Billion | +7.24% |
| 2021-12-31 | CN¥1.34 Billion | +9.42% |
| 2020-12-31 | CN¥1.23 Billion | +47.26% |
| 2019-12-31 | CN¥833.44 Million | +7.72% |
| 2018-12-31 | CN¥773.69 Million | +7.63% |
| 2017-12-31 | CN¥718.86 Million | +6.56% |
| 2016-12-31 | CN¥674.63 Million | +2.27% |
| 2015-12-31 | CN¥659.65 Million | +6.20% |
| 2014-12-31 | CN¥621.13 Million | +10.10% |
| 2013-12-31 | CN¥564.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Guangdong Tianhe Agricultural Means'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 106.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥429.52 Million | 35.47% |
| Common Stock | CN¥347.59 Million | 28.71% |
| Other Components | CN¥433.75 Million | 35.82% |
| Total Equity | CN¥1.21 Billion | 100.00% |
Guangdong Tianhe Agricultural Means Competitors by Market Cap
The table below lists competitors of Guangdong Tianhe Agricultural Means ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Deutsche EuroShop AG
PINK:DUSCF
|
$233.92 Million |
|
HealthCare Inc
PINK:HLTC
|
$233.93 Million |
|
ARES COMM.REAL EST.DL-01
F:41I
|
$233.93 Million |
|
Bintang Oto Global Tbk PT
JK:BOGA
|
$234.04 Million |
|
Guangdong Dp Co Ltd
SHE:300808
|
$233.80 Million |
|
Jackson Acquisition Company II
NYSE:JACS
|
$233.78 Million |
|
Anhui Fuhuang Steel Structure Co Ltd
SHE:002743
|
$233.72 Million |
|
Vinci Partners Investments Ltd
NASDAQ:VINP
|
$233.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Tianhe Agricultural Means's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,228,760,000 to 1,210,857,000, a change of -17,903,000 (-1.5%).
- Net income of 22,237,000 contributed positively to equity growth.
- Dividend payments of 113,809,000 reduced retained earnings.
- Other factors increased equity by 73,669,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥22.24 Million | +1.84% |
| Dividends Paid | CN¥113.81 Million | -9.4% |
| Other Changes | CN¥73.67 Million | +6.08% |
| Total Change | CN¥- | -1.46% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Tianhe Agricultural Means'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: 2.22x
- 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 3.98x to 2.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥1.95 | CN¥7.75 | x |
| 2014-12-31 | CN¥2.15 | CN¥7.75 | x |
| 2015-12-31 | CN¥2.18 | CN¥7.75 | x |
| 2016-12-31 | CN¥2.09 | CN¥7.75 | x |
| 2017-12-31 | CN¥2.29 | CN¥7.75 | x |
| 2018-12-31 | CN¥2.42 | CN¥7.75 | x |
| 2019-12-31 | CN¥2.55 | CN¥7.75 | x |
| 2020-12-31 | CN¥3.50 | CN¥7.75 | x |
| 2021-12-31 | CN¥3.14 | CN¥7.75 | x |
| 2022-12-31 | CN¥3.40 | CN¥7.75 | x |
| 2023-12-31 | CN¥3.56 | CN¥7.75 | x |
| 2024-12-31 | CN¥3.48 | CN¥7.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Tianhe Agricultural Means 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): 1.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.15%
- • Asset Turnover: 1.75x
- • Equity Multiplier: 6.81x
- Recent ROE (1.84%) is below the historical average (9.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 9.16% | 0.84% | 2.63x | 4.17x | CN¥-4.27 Million |
| 2014 | 12.28% | 1.12% | 2.61x | 4.20x | CN¥12.71 Million |
| 2015 | 10.15% | 0.90% | 2.47x | 4.56x | CN¥856.10K |
| 2016 | 4.78% | 0.51% | 2.15x | 4.35x | CN¥-29.39 Million |
| 2017 | 10.62% | 1.08% | 2.36x | 4.17x | CN¥3.71 Million |
| 2018 | 14.45% | 1.27% | 2.32x | 4.90x | CN¥28.17 Million |
| 2019 | 11.79% | 0.86% | 2.72x | 5.05x | CN¥11.73 Million |
| 2020 | 7.72% | 0.79% | 1.97x | 4.94x | CN¥-23.45 Million |
| 2021 | 8.99% | 0.75% | 2.27x | 5.25x | CN¥-11.07 Million |
| 2022 | 9.11% | 0.73% | 2.18x | 5.71x | CN¥-10.31 Million |
| 2023 | 8.15% | 0.65% | 2.26x | 5.59x | CN¥-22.72 Million |
| 2024 | 1.84% | 0.15% | 1.75x | 6.81x | CN¥-98.85 Million |
Industry Comparison
This section compares Guangdong Tianhe Agricultural Means's net assets metrics with peer companies in the Agricultural Inputs industry.
Industry Context
- Industry: Agricultural Inputs
- Average net assets among peers: $2,335,915,949
- Average return on equity (ROE) among peers: 13.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Tianhe Agricultural Means (002999) | CN¥1.69 Billion | 9.16% | 3.31x | $233.84 Million |
| Nanjing Red Sun Co Ltd (000525) | $147.47 Million | 1.90% | 0.79x | $845.94 Million |
| ADAMA Ltd (000553) | $924.52 Million | 2.09% | 0.75x | $429.88 Million |
| Grand Industrial Holding Co Ltd (000626) | $2.61 Billion | -11.54% | 1.98x | $221.00 Million |
| Sichuan Meifeng Chemical Industry Co Ltd (000731) | $1.01 Billion | 18.17% | 0.44x | $482.18 Million |
| Qinghai Salt Lake Industry Co.Ltd (000792) | $5.06 Billion | 26.77% | 0.59x | $16.27 Billion |
| Asia Potash International Investment Guangzhou Co Ltd (000893) | $11.63 Billion | 17.45% | 0.10x | $4.53 Billion |
| Hubei Xinyangfeng Fertilizer Co Ltd (000902) | $409.30 Million | 0.72% | 1.97x | $1.47 Billion |
| Sichuan Lutianhua Co Ltd (000912) | $218.75 Million | 71.83% | 0.84x | $897.13 Million |
| Guangxi Hechi Chemical Co Ltd (000953) | $398.71 Million | 5.82% | 1.87x | $221.44 Million |
| Norsyn Crop Technology Co. Ltd. A (001231) | $952.88 Million | 5.49% | 0.42x | $95.20 Million |