Tes Touch Embedded Solutions (003019) - Net Assets
Based on the latest financial reports, Tes Touch Embedded Solutions (003019) has net assets worth CN¥1.74 Billion CNY (≈ $255.31 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¥2.85 Billion ≈ $417.23 Million USD) and total liabilities (CN¥1.11 Billion ≈ $161.92 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 Tes Touch Embedded Solutions to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.74 Billion |
| % of Total Assets | 61.19% |
| Annual Growth Rate | 26.23% |
| 5-Year Change | 32.66% |
| 10-Year Change | N/A |
| Growth Volatility | 45.22 |
Tes Touch Embedded Solutions - Net Assets Trend (2016–2024)
This chart illustrates how Tes Touch Embedded Solutions's net assets have evolved over time, based on quarterly financial data. Also explore Tes Touch Embedded Solutions balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Tes Touch Embedded Solutions (2016–2024)
The table below shows the annual net assets of Tes Touch Embedded Solutions from 2016 to 2024. For live valuation and market cap data, see Tes Touch Embedded Solutions (003019) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.61 Billion ≈ $234.92 Million |
+0.25% |
| 2023-12-31 | CN¥1.60 Billion ≈ $234.34 Million |
+5.26% |
| 2022-12-31 | CN¥1.52 Billion ≈ $222.62 Million |
+16.21% |
| 2021-12-31 | CN¥1.31 Billion ≈ $191.58 Million |
+8.19% |
| 2020-12-31 | CN¥1.21 Billion ≈ $177.08 Million |
+148.90% |
| 2019-12-31 | CN¥486.19 Million ≈ $71.15 Million |
+22.41% |
| 2018-12-31 | CN¥397.17 Million ≈ $58.12 Million |
+25.69% |
| 2017-12-31 | CN¥316.00 Million ≈ $46.24 Million |
+26.91% |
| 2016-12-31 | CN¥248.99 Million ≈ $36.43 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tes Touch Embedded Solutions'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 264.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥513.80 Million | 33.64% |
| Common Stock | CN¥174.69 Million | 11.44% |
| Other Components | CN¥838.73 Million | 54.92% |
| Total Equity | CN¥1.53 Billion | 100.00% |
Tes Touch Embedded Solutions Competitors by Market Cap
The table below lists competitors of Tes Touch Embedded Solutions ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Horizon Bancorp
NASDAQ:HBNC
|
$910.13 Million |
|
Hangzhou Huning Elevator Parts Co Ltd
SHE:300669
|
$910.26 Million |
|
INVEX Controladora S.A.B. de C.V
MX:INVEXA
|
$910.51 Million |
|
Sedlmayr Grund und Immobilien AG
F:SPB
|
$910.52 Million |
|
Shenzhen Worldunion Properties Consultancy Inc
SHE:002285
|
$909.83 Million |
|
UniTTEC Co Ltd
SHE:000925
|
$909.57 Million |
|
Shenzhen Chengtian Weiye Technology Co Ltd
SHE:300689
|
$909.40 Million |
|
Jasmine Telecom Systems Public Company Limited
BK:JTS
|
$909.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tes Touch Embedded Solutions's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,601,414,221 to 1,527,224,315, a change of -74,189,906 (-4.6%).
- Net income of 188,082,264 contributed positively to equity growth.
- Dividend payments of 86,809,280 reduced retained earnings.
- Share repurchases of 82,529,921 reduced equity.
- Other factors decreased equity by 92,932,969.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥188.08 Million | +12.32% |
| Dividends Paid | CN¥86.81 Million | -5.68% |
| Share Repurchases | CN¥82.53 Million | -5.4% |
| Other Changes | CN¥-92.93 Million | -6.09% |
| Total Change | CN¥- | -4.63% |
Book Value vs Market Value Analysis
This analysis compares Tes Touch Embedded Solutions'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: 3.94x
- 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 13.59x to 3.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥2.59 | CN¥35.18 | x |
| 2017-12-31 | CN¥2.66 | CN¥35.18 | x |
| 2018-12-31 | CN¥3.59 | CN¥35.18 | x |
| 2019-12-31 | CN¥4.49 | CN¥35.18 | x |
| 2020-12-31 | CN¥7.47 | CN¥35.18 | x |
| 2021-12-31 | CN¥8.09 | CN¥35.18 | x |
| 2022-12-31 | CN¥9.37 | CN¥35.18 | x |
| 2023-12-31 | CN¥9.33 | CN¥35.18 | x |
| 2024-12-31 | CN¥8.93 | CN¥35.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tes Touch Embedded Solutions 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): 12.32%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.50%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 1.62x
- Recent ROE (12.32%) is below the historical average (21.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 49.38% | 10.05% | 2.43x | 2.02x | CN¥98.05 Million |
| 2017 | 23.23% | 6.53% | 2.12x | 1.68x | CN¥41.81 Million |
| 2018 | 29.78% | 9.25% | 1.86x | 1.73x | CN¥78.55 Million |
| 2019 | 30.26% | 11.13% | 1.65x | 1.65x | CN¥98.52 Million |
| 2020 | 9.19% | 9.31% | 0.80x | 1.23x | CN¥-9.83 Million |
| 2021 | 11.53% | 9.48% | 0.85x | 1.43x | CN¥19.97 Million |
| 2022 | 17.14% | 14.39% | 0.98x | 1.22x | CN¥108.64 Million |
| 2023 | 11.13% | 13.33% | 0.68x | 1.23x | CN¥18.06 Million |
| 2024 | 12.32% | 8.50% | 0.89x | 1.62x | CN¥35.36 Million |
Industry Comparison
This section compares Tes Touch Embedded Solutions's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,959,429,291
- Average return on equity (ROE) among peers: 10.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tes Touch Embedded Solutions (003019) | CN¥1.74 Billion | 49.38% | 0.63x | $910.01 Million |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $266.56 Million | 3.44% | 1.72x | $423.10 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.86 Billion | 17.55% | 2.07x | $1.63 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $1.09 Billion | 2.98% | 1.57x | $483.17 Million |
| CPT Technology Group Co Ltd (000536) | $3.32 Billion | 10.43% | 0.37x | $1.59 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $6.06 Billion | 5.92% | 0.45x | $4.25 Billion |
| Xiamen Xindeco Ltd (000701) | $217.53 Million | 0.00% | 0.71x | $586.43 Million |
| BOE Technology Group Co Ltd (000725) | $466.65 Million | 21.84% | 0.74x | $21.70 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $9.75 Billion | 24.43% | 0.39x | $3.46 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $4.17 Billion | 8.18% | 0.30x | $2.15 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $1.38 Billion | 7.09% | 0.20x | $4.88 Billion |
About Tes Touch Embedded Solutions
TES Touch Embedded Solutions (Xiamen) Co., Ltd. engages in the research, development, design, manufacture, and sale of touchscreen products in Taiwan and internationally. It operates through three segments: ODM, MicroTouch brand, and smart cockpit. The company offers customized PCBA design, medical monitors, box PC / industrial embedded pc, panel pc /all-in-one touch computers, touch display modu… Read more