Tangel Publishing
Tangel Culture Co., Ltd. engages in the research and development, distribution, agency, and operation of mobile games, book publishing and distribution, and educational businesses in China. The company was founded in 1983 and is headquartered in Changsha, China.
Tangel Publishing (300148) - Net Assets
Latest net assets as of September 2025: CN¥1.16 Billion CNY
Based on the latest financial reports, Tangel Publishing (300148) has net assets worth CN¥1.16 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¥1.48 Billion) and total liabilities (CN¥316.83 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¥1.16 Billion |
| % of Total Assets | 78.61% |
| Annual Growth Rate | 18.62% |
| 5-Year Change | -56.34% |
| 10-Year Change | -44.84% |
| Growth Volatility | 112.68 |
Tangel Publishing - Net Assets Trend (2007–2024)
This chart illustrates how Tangel Publishing's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tangel Publishing (2007–2024)
The table below shows the annual net assets of Tangel Publishing from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.07 Billion | -3.26% |
| 2023-12-31 | CN¥1.11 Billion | -8.85% |
| 2022-12-31 | CN¥1.21 Billion | -24.11% |
| 2021-12-31 | CN¥1.60 Billion | -34.76% |
| 2020-12-31 | CN¥2.45 Billion | -25.12% |
| 2019-12-31 | CN¥3.27 Billion | +3.44% |
| 2018-12-31 | CN¥3.16 Billion | -26.00% |
| 2017-12-31 | CN¥4.27 Billion | -3.66% |
| 2016-12-31 | CN¥4.44 Billion | +128.81% |
| 2015-12-31 | CN¥1.94 Billion | +9.28% |
| 2014-12-31 | CN¥1.77 Billion | +225.12% |
| 2013-12-31 | CN¥545.77 Million | +2.28% |
| 2012-12-31 | CN¥533.63 Million | +1.02% |
| 2011-12-31 | CN¥528.24 Million | +5.16% |
| 2010-12-31 | CN¥502.34 Million | +417.30% |
| 2009-12-31 | CN¥97.11 Million | +16.38% |
| 2008-12-31 | CN¥83.44 Million | +42.28% |
| 2007-12-31 | CN¥58.65 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tangel Publishing'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 decreased by 62125.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥835.34 Million | 89.18% |
| Other Comprehensive Income | CN¥-214.04 Million | -22.85% |
| Other Components | CN¥2.72 Billion | 290.59% |
| Total Equity | CN¥936.64 Million | 100.00% |
Tangel Publishing Competitors by Market Cap
The table below lists competitors of Tangel Publishing ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anpec Electronics
TWO:6138
|
$453.31 Million |
|
Xiangyu Medical Co. Ltd. A
SHG:688626
|
$453.41 Million |
|
Probe Gold Inc.
TO:PRB
|
$453.44 Million |
|
Sinopec Kantons Holdings Limited
F:SAK
|
$453.50 Million |
|
Bengang Steel Plates Co Ltd
SHE:000761
|
$452.44 Million |
|
Mochida Pharmaceutical Co. Ltd
F:MFY
|
$452.38 Million |
|
New Pacific Metals Corp
NYSE MKT:NEWP
|
$452.28 Million |
|
Beijing Oriental Jicheng Co Ltd
SHE:002819
|
$452.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tangel Publishing's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 973,669,018 to 936,641,860, a change of -37,027,158 (-3.8%).
- Net income of 32,801,183 contributed positively to equity growth.
- Dividend payments of 3,848,792 reduced retained earnings.
- Share repurchases of 44,568,987 reduced equity.
- Other comprehensive income decreased equity by 38,228,820.
- Other factors increased equity by 16,818,258.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥32.80 Million | +3.5% |
| Dividends Paid | CN¥3.85 Million | -0.41% |
| Share Repurchases | CN¥44.57 Million | -4.76% |
| Other Comprehensive Income | CN¥-38.23 Million | -4.08% |
| Other Changes | CN¥16.82 Million | +1.8% |
| Total Change | CN¥- | -3.80% |
Book Value vs Market Value Analysis
This analysis compares Tangel Publishing'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: 3.97x
- 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 23.41x to 3.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.19 | CN¥4.54 | x |
| 2008-12-31 | CN¥0.26 | CN¥4.54 | x |
| 2009-12-31 | CN¥0.30 | CN¥4.54 | x |
| 2010-12-31 | CN¥1.55 | CN¥4.54 | x |
| 2011-12-31 | CN¥1.21 | CN¥4.54 | x |
| 2012-12-31 | CN¥1.18 | CN¥4.54 | x |
| 2013-12-31 | CN¥1.27 | CN¥4.54 | x |
| 2014-12-31 | CN¥3.16 | CN¥4.54 | x |
| 2015-12-31 | CN¥2.95 | CN¥4.54 | x |
| 2016-12-31 | CN¥6.06 | CN¥4.54 | x |
| 2017-12-31 | CN¥4.98 | CN¥4.54 | x |
| 2018-12-31 | CN¥3.73 | CN¥4.54 | x |
| 2019-12-31 | CN¥4.08 | CN¥4.54 | x |
| 2020-12-31 | CN¥2.78 | CN¥4.54 | x |
| 2021-12-31 | CN¥1.79 | CN¥4.54 | x |
| 2022-12-31 | CN¥1.30 | CN¥4.54 | x |
| 2023-12-31 | CN¥1.14 | CN¥4.54 | x |
| 2024-12-31 | CN¥1.14 | CN¥4.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tangel Publishing 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): 3.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.12%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.52x
- Recent ROE (3.50%) is above the historical average (-2.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 20.06% | 19.29% | 0.83x | 1.25x | CN¥5.85 Million |
| 2008 | 17.98% | 15.51% | 0.84x | 1.38x | CN¥6.31 Million |
| 2009 | 21.23% | 15.38% | 1.11x | 1.24x | CN¥10.70 Million |
| 2010 | 6.17% | 14.42% | 0.40x | 1.07x | CN¥-19.17 Million |
| 2011 | 6.36% | 11.95% | 0.48x | 1.11x | CN¥-19.01 Million |
| 2012 | 3.61% | 6.79% | 0.47x | 1.14x | CN¥-33.65 Million |
| 2013 | 3.79% | 6.20% | 0.51x | 1.19x | CN¥-33.34 Million |
| 2014 | 6.70% | 22.93% | 0.25x | 1.15x | CN¥-58.23 Million |
| 2015 | 9.14% | 32.38% | 0.26x | 1.08x | CN¥-16.66 Million |
| 2016 | 5.61% | 31.23% | 0.16x | 1.14x | CN¥-190.60 Million |
| 2017 | 3.21% | 14.32% | 0.20x | 1.14x | CN¥-283.47 Million |
| 2018 | -35.36% | -96.44% | 0.30x | 1.24x | CN¥-1.39 Billion |
| 2019 | 0.98% | 2.52% | 0.31x | 1.24x | CN¥-287.76 Million |
| 2020 | -39.57% | -108.94% | 0.30x | 1.21x | CN¥-1.16 Billion |
| 2021 | -45.38% | -134.18% | 0.25x | 1.33x | CN¥-827.72 Million |
| 2022 | -30.36% | -54.35% | 0.38x | 1.47x | CN¥-437.77 Million |
| 2023 | -6.14% | -13.36% | 0.30x | 1.51x | CN¥-157.19 Million |
| 2024 | 3.50% | 7.12% | 0.32x | 1.52x | CN¥-60.86 Million |
Industry Comparison
This section compares Tangel Publishing's net assets metrics with peer companies in the Publishing industry.
Industry Context
- Industry: Publishing
- Average net assets among peers: $1,385,791,308
- Average return on equity (ROE) among peers: 7.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tangel Publishing (300148) | CN¥1.16 Billion | 20.06% | 0.27x | $453.23 Million |
| Huamei Holding (000607) | $473.81 Million | 12.41% | 1.07x | $261.10 Million |
| Central China Land Media Co Ltd (000719) | $281.54 Million | 6.37% | 1.86x | $517.78 Million |
| Guangdong Guangzhou Daily Media Co Ltd (002181) | $3.61 Billion | -1.50% | 0.21x | $546.22 Million |
| Citic Press Corp (300788) | $334.80 Million | 30.18% | 1.35x | $227.12 Million |
| Dook Media Group Limited (301025) | $609.67 Million | -0.54% | 0.20x | $157.08 Million |
| GUOMAI Culture & Media Co. Ltd. (301052) | $554.07 Million | 10.24% | 0.24x | $312.18 Million |
| Ronshin Group A (301231) | $912.58 Million | 1.09% | 0.05x | $248.06 Million |
| Qingdao Citymedia Co Ltd (600229) | $864.83 Million | 7.49% | 0.78x | $207.35 Million |
| Time Publishing and Media Co Ltd Class A (600551) | $4.84 Billion | 6.21% | 0.39x | $251.53 Million |