Tongxing Environmental Protection (003027) - Net Assets

Latest as of September 2025: CN¥1.80 Billion CNY ≈ $263.40 Million USD

Based on the latest financial reports, Tongxing Environmental Protection (003027) has net assets worth CN¥1.80 Billion CNY (≈ $263.40 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¥2.57 Billion ≈ $376.08 Million USD) and total liabilities (CN¥770.03 Million ≈ $112.68 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 Tongxing Environmental Protection to evaluate the company's liquid asset resilience ratio.

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. Also explore 003027 asset base for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 003027 company net worth.

Year	Net Assets	Change
2024-12-31	CN¥1.80 Billion ≈ $262.86 Million	+0.96%
2023-12-31	CN¥1.78 Billion ≈ $260.36 Million	-0.71%
2022-12-31	CN¥1.79 Billion ≈ $262.24 Million	+6.19%
2021-12-31	CN¥1.69 Billion ≈ $246.95 Million	+9.27%
2020-12-31	CN¥1.54 Billion ≈ $226.00 Million	+152.90%
2019-12-31	CN¥610.68 Million ≈ $89.36 Million	+43.89%
2018-12-31	CN¥424.42 Million ≈ $62.11 Million	+44.38%
2017-12-31	CN¥293.95 Million ≈ $43.01 Million	+83.81%
2016-12-31	CN¥159.92 Million ≈ $23.40 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
Infomedia Ltd AU:IFM	$453.85 Million
Torpol SA WAR:TOR	$453.90 Million
Suzhou Longjie Special Fiber Co Ltd SHG:603332	$453.98 Million
Panin Financial Tbk JK:PNLF	$454.08 Million
Yunnan Jianzhijia Health-Chain Co Ltd SHG:605266	$453.65 Million
Miller Industries Inc NYSE:MLR	$453.63 Million
Dongguan Chitwing Technology Co Ltd SHE:002855	$453.62 Million
Nanjing Huamai Tech Co Ltd SHG:603042	$453.54 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: 1.80x
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 13.12x to 1.80x 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¥23.72	x
2017-12-31	CN¥2.93	CN¥23.72	x
2018-12-31	CN¥4.15	CN¥23.72	x
2019-12-31	CN¥5.93	CN¥23.72	x
2020-12-31	CN¥11.43	CN¥23.72	x
2021-12-31	CN¥12.25	CN¥23.72	x
2022-12-31	CN¥12.78	CN¥23.72	x
2023-12-31	CN¥12.58	CN¥23.72	x
2024-12-31	CN¥13.19	CN¥23.72	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: $3,209,613,988
Average return on equity (ROE) among peers: 8.70%

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	$453.74 Million
China Tianying Inc (000035)	$2.06 Billion	10.27%	1.91x	$2.28 Billion
HeiLongJiang Kingland Technology Co Ltd (000711)	$325.53 Million	-9.31%	0.66x	$2.06 Billion
BECE Legend Group Co Ltd (000803)	$152.97 Million	2.06%	0.80x	$599.78 Million
Tus-Sound Environmental Resources Co Ltd (000826)	$130.73 Million	28.96%	1.01x	$408.81 Million
Wangneng Environment Co Ltd (002034)	$424.84 Million	9.00%	0.73x	$1.11 Billion
Beijing Orient Landscape Co Ltd (002310)	$12.65 Billion	0.13%	2.35x	$2.69 Billion
GEM Co Ltd (002340)	$10.22 Billion	7.14%	1.44x	$6.83 Billion
Dongjiang Environmental Co Ltd (002672)	$2.45 Billion	8.50%	0.33x	$585.42 Million
Qiaoyin Environmental Tech Co Ltd (002973)	$462.58 Million	21.52%	0.41x	$752.89 Million

About Tongxing Environmental Protection

SHE:003027 China Waste Management

Market Cap

$453.74 Million

CN¥3.10 Billion CNY

Market Cap Rank

#13048 Global

#4099 in China

Share Price

CN¥23.72

Change (1 day)

+0.21%

52-Week Range

CN¥16.07 - CN¥25.15

All Time High

CN¥38.36