Tongxing Environmental Protection
Tongxing Environmental Protection Technology Co.,Ltd provides environmental protection project general contracting services in China. The company offers environmental protection equipment and materials for dust removal, desulfurization, and denitrification; flue gas treatment services; production and support services for low temperature denitration catalysts; and technical support services for ca… Read more
Tongxing Environmental Protection (003027) - Net Assets
Latest net assets as of September 2025: CN¥1.80 Billion CNY
Based on the latest financial reports, Tongxing Environmental Protection (003027) has net assets worth CN¥1.80 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¥2.57 Billion) and total liabilities (CN¥770.03 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¥1.80 Billion |
| % of Total Assets | 70.04% |
| Annual Growth Rate | 35.3% |
| 5-Year Change | 16.31% |
| 10-Year Change | N/A |
| Growth Volatility | 49.9 |
Tongxing Environmental Protection - Net Assets Trend (2016–2024)
This chart illustrates how Tongxing Environmental Protection's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tongxing Environmental Protection (2016–2024)
The table below shows the annual net assets of Tongxing Environmental Protection from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.80 Billion | +0.96% |
| 2023-12-31 | CN¥1.78 Billion | -0.71% |
| 2022-12-31 | CN¥1.79 Billion | +6.19% |
| 2021-12-31 | CN¥1.69 Billion | +9.27% |
| 2020-12-31 | CN¥1.54 Billion | +152.90% |
| 2019-12-31 | CN¥610.68 Million | +43.89% |
| 2018-12-31 | CN¥424.42 Million | +44.38% |
| 2017-12-31 | CN¥293.95 Million | +83.81% |
| 2016-12-31 | CN¥159.92 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tongxing Environmental Protection'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 2405.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥671.80 Million | 39.45% |
| Common Stock | CN¥130.72 Million | 7.68% |
| Other Comprehensive Income | CN¥648.79K | 0.04% |
| Other Components | CN¥899.76 Million | 52.84% |
| Total Equity | CN¥1.70 Billion | 100.00% |
Tongxing Environmental Protection Competitors by Market Cap
The table below lists competitors of Tongxing Environmental Protection ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Runner Xiamen Corp
SHG:603408
|
$177.45 Million |
|
Harbin VITI Electronics Corp
SHG:603023
|
$177.48 Million |
|
FIDEA Holdings Co. Ltd
F:5F9
|
$177.57 Million |
|
ABEONA THERAPEUT. DL-01
F:PCJ
|
$177.59 Million |
|
Magnum Bhd
KLSE:3859
|
$177.41 Million |
|
Henan BCCY Environmental Energy Co. Ltd
SHE:300614
|
$177.35 Million |
|
Entrepreneur Universe Bright Group
PINK:EUBG
|
$177.30 Million |
|
Yingde Greatchem Chemicals Co. Ltd. A
SHE:300804
|
$177.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tongxing Environmental Protection's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,690,612,915 to 1,702,933,654, a change of 12,320,739 (0.7%).
- Net income of 39,035,310 contributed positively to equity growth.
- Dividend payments of 14,028,444 reduced retained earnings.
- Share repurchases of 31,928,248 reduced equity.
- Other comprehensive income increased equity by 648,793.
- Other factors increased equity by 18,593,328.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥39.04 Million | +2.29% |
| Dividends Paid | CN¥14.03 Million | -0.82% |
| Share Repurchases | CN¥31.93 Million | -1.87% |
| Other Comprehensive Income | CN¥648.79K | +0.04% |
| Other Changes | CN¥18.59 Million | +1.09% |
| Total Change | CN¥- | 0.73% |
Book Value vs Market Value Analysis
This analysis compares Tongxing Environmental Protection'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: 1.70x
- 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 12.39x to 1.70x 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¥1.81 | CN¥22.40 | x |
| 2017-12-31 | CN¥2.93 | CN¥22.40 | x |
| 2018-12-31 | CN¥4.15 | CN¥22.40 | x |
| 2019-12-31 | CN¥5.93 | CN¥22.40 | x |
| 2020-12-31 | CN¥11.43 | CN¥22.40 | x |
| 2021-12-31 | CN¥12.25 | CN¥22.40 | x |
| 2022-12-31 | CN¥12.78 | CN¥22.40 | x |
| 2023-12-31 | CN¥12.58 | CN¥22.40 | x |
| 2024-12-31 | CN¥13.19 | CN¥22.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tongxing Environmental Protection 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): 2.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.39%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.45x
- Recent ROE (2.29%) is below the historical average (14.14%), 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 | 7.75% | 9.35% | 0.44x | 1.90x | CN¥-3.48 Million |
| 2017 | 24.15% | 18.60% | 0.74x | 1.75x | CN¥40.26 Million |
| 2018 | 34.41% | 19.29% | 0.92x | 1.95x | CN¥98.64 Million |
| 2019 | 29.65% | 22.43% | 0.69x | 1.93x | CN¥112.86 Million |
| 2020 | 10.37% | 20.07% | 0.37x | 1.38x | CN¥5.44 Million |
| 2021 | 10.12% | 17.40% | 0.41x | 1.41x | CN¥2.00 Million |
| 2022 | 7.04% | 12.78% | 0.35x | 1.59x | CN¥-50.41 Million |
| 2023 | 1.51% | 3.30% | 0.28x | 1.62x | CN¥-143.52 Million |
| 2024 | 2.29% | 5.39% | 0.29x | 1.45x | CN¥-131.26 Million |
Industry Comparison
This section compares Tongxing Environmental Protection's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $4,516,041,756
- Average return on equity (ROE) among peers: 12.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tongxing Environmental Protection (003027) | CN¥1.80 Billion | 7.75% | 0.43x | $177.45 Million |
| China Tianying Inc (000035) | $220.73 Million | 7.84% | 0.98x | $1.59 Billion |
| HeiLongJiang Kingland Technology Co Ltd (000711) | $289.23 Million | 13.01% | 0.03x | $1.02 Billion |
| BECE Legend Group Co Ltd (000803) | $152.97 Million | 2.06% | 0.80x | $433.08 Million |
| Tus-Sound Environmental Resources Co Ltd (000826) | $185.66 Million | 25.40% | 0.88x | $387.20 Million |
| Wangneng Environment Co Ltd (002034) | $6.50 Billion | 9.27% | 1.22x | $468.80 Million |
| Beijing Orient Landscape Co Ltd (002310) | $9.44 Billion | 13.72% | 1.54x | $2.06 Billion |
| Qiaoyin Environmental Tech Co Ltd (002973) | $668.08 Million | 13.43% | 0.54x | $279.42 Million |
| Beijing Originwater Technology (300070) | $23.11 Billion | 5.97% | 1.92x | $1.14 Billion |
| Yonker Environmental Protect (300187) | $82.81 Million | 25.36% | 2.22x | $230.88 Million |