Tongxing Environmental Protection (003027) - Net Assets

Latest as of March 2026: CN¥1.84 Billion CNY ≈ $268.54 Million USD

Based on the latest financial reports, Tongxing Environmental Protection (003027) has net assets worth CN¥1.84 Billion CNY (≈ $268.54 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.44 Billion ≈ $356.67 Million USD) and total liabilities (CN¥602.26 Million ≈ $88.13 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 Tongxing Environmental Protection strategic capital allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.84 Billion
% of Total Assets	75.29%
Annual Growth Rate	31.05%
5-Year Change	8.0%
10-Year Change	N/A
Growth Volatility	48.78

Tongxing Environmental Protection - Net Assets Trend (2016–2025)

This chart illustrates how Tongxing Environmental Protection's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Tongxing Environmental Protection market capitalisation.

Annual Net Assets for Tongxing Environmental Protection (2016–2025)

The table below shows the annual net assets of Tongxing Environmental Protection from 2016 to 2025. Also explore Tongxing Environmental Protection (003027) equity growth momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	CN¥1.82 Billion ≈ $266.70 Million	+1.46%
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 2535.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥706.82 Million	41.00%
Other Components	CN¥1.02 Billion	59.00%
Total Equity	CN¥1.72 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
CLINUVEL PHARMAC.ADRS1 F:UR9A	$302.25 Million
Heilongjiang Interchina Water Treatment Co Ltd SHG:600187	$302.27 Million
Idp Education Ltd AU:IEL	$302.30 Million
Cantor Equity Partners II, Inc. NASDAQ:CEPT	$302.33 Million
ASOS PLC UN.ADR 1 LS-035 F:DYQ0	$302.16 Million
Mehadrin TA:MEDN	$302.15 Million
Repay Holdings Corp NASDAQ:RPAY	$302.14 Million
Global Indemnity PLC NYSE:GBLI	$301.95 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 2024 to 2025, total equity changed from 1,702,933,654 to 1,723,867,329, a change of 20,933,675 (1.2%).
Net income of 73,979,358 contributed positively to equity growth.
Dividend payments of 40,252,789 reduced retained earnings.
Other comprehensive income decreased equity by 648,793.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥73.98 Million	+4.29%
Dividends Paid	CN¥40.25 Million	-2.34%
Other Comprehensive Income	CN¥-648.79K	-0.04%
Other Changes	CN¥-12.14 Million	-0.7%
Total Change	CN¥-	1.23%

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: 1.20x
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 8.74x to 1.20x 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¥15.80	x
2017-12-31	CN¥2.95	CN¥15.80	x
2018-12-31	CN¥4.15	CN¥15.80	x
2019-12-31	CN¥5.89	CN¥15.80	x
2020-12-31	CN¥15.24	CN¥15.80	x
2021-12-31	CN¥12.25	CN¥15.80	x
2022-12-31	CN¥12.78	CN¥15.80	x
2023-12-31	CN¥12.58	CN¥15.80	x
2024-12-31	CN¥13.09	CN¥15.80	x
2025-12-31	CN¥13.19	CN¥15.80	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): 4.29%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 10.22%
• Asset Turnover: 0.29x
• Equity Multiplier: 1.44x
Recent ROE (4.29%) is below the historical average (12.89%), 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	7.74%	9.34%	0.44x	1.90x	CN¥-3.49 Million
2017	24.22%	18.64%	0.74x	1.75x	CN¥40.45 Million
2018	31.63%	18.06%	0.90x	1.95x	CN¥87.39 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
2025	4.29%	10.22%	0.29x	1.44x	CN¥-98.41 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: $4,117,342,518
Average return on equity (ROE) among peers: 9.07%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Tongxing Environmental Protection (003027)	CN¥1.84 Billion	7.74%	0.33x	$302.24 Million
China Tianying Inc (000035)	$-1.22 Billion	0.00%	0.00x	$1.69 Billion
BECE Legend Group Co Ltd (000803)	$131.44 Million	1.88%	0.75x	$494.69 Million
Tus-Sound Environmental Resources Co Ltd (000826)	$6.28 Billion	14.81%	1.52x	$385.86 Million
City Development Environment Co Ltd (000885)	$5.26 Billion	11.74%	1.53x	$1.10 Billion
Wangneng Environment Co Ltd (002034)	$446.65 Million	6.86%	0.89x	$1.05 Billion
Beijing Orient Landscape Co Ltd (002310)	$11.37 Billion	19.15%	2.09x	$2.01 Billion
GEM Co Ltd (002340)	$11.07 Billion	6.64%	1.42x	$4.65 Billion
Dongjiang Environmental Co Ltd (002672)	$2.84 Billion	8.86%	0.76x	$474.16 Million
Qiaoyin Environmental Tech Co Ltd (002973)	$878.22 Million	11.69%	1.27x	$748.11 Million

About Tongxing Environmental Protection

SHE:003027 China Waste Management

Market Cap

$302.24 Million

CN¥2.07 Billion CNY

Market Cap Rank

#14849 Global

#4418 in China

Share Price

CN¥15.80

Change (1 day)

-3.36%

52-Week Range

CN¥14.27 - CN¥26.71

All Time High

CN¥38.36