Tong Oil Tools
Tong Petrotech Corp. provides technical support and services for oil and gas exploration and development in China and internationally. The company also manufactures and sells equipment for oil drilling and production; and sells civilian explosives, gas and liquid separation, and purification equipment. In addition, it provides gas management solutions; and professional and auxiliary services for … Read more
Tong Oil Tools (300164) - Net Assets
Latest net assets as of June 2025: CN¥1.46 Billion CNY
Based on the latest financial reports, Tong Oil Tools (300164) has net assets worth CN¥1.46 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.99 Billion) and total liabilities (CN¥536.93 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¥1.46 Billion |
| % of Total Assets | 73.08% |
| Annual Growth Rate | 17.7% |
| 5-Year Change | 46.14% |
| 10-Year Change | -12.22% |
| Growth Volatility | 70.1 |
Tong Oil Tools - Net Assets Trend (2007–2024)
This chart illustrates how Tong Oil Tools's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tong Oil Tools (2007–2024)
The table below shows the annual net assets of Tong Oil Tools from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.41 Billion | +4.89% |
| 2023-12-31 | CN¥1.34 Billion | +20.68% |
| 2022-12-31 | CN¥1.11 Billion | +16.05% |
| 2021-12-31 | CN¥957.70 Million | -0.52% |
| 2020-12-31 | CN¥962.68 Million | -48.60% |
| 2019-12-31 | CN¥1.87 Billion | +2.34% |
| 2018-12-31 | CN¥1.83 Billion | -9.15% |
| 2017-12-31 | CN¥2.01 Billion | +22.74% |
| 2016-12-31 | CN¥1.64 Billion | +2.41% |
| 2015-12-31 | CN¥1.60 Billion | +22.29% |
| 2014-12-31 | CN¥1.31 Billion | +10.92% |
| 2013-12-31 | CN¥1.18 Billion | +0.45% |
| 2012-12-31 | CN¥1.18 Billion | +3.15% |
| 2011-12-31 | CN¥1.14 Billion | +284.48% |
| 2010-12-31 | CN¥296.60 Million | +22.35% |
| 2009-12-31 | CN¥242.42 Million | +104.56% |
| 2008-12-31 | CN¥118.51 Million | +34.59% |
| 2007-12-31 | CN¥88.05 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tong Oil Tools'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 1722.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.99 Billion | 143.79% |
| Total Equity | CN¥1.39 Billion | 100.00% |
Tong Oil Tools Competitors by Market Cap
The table below lists competitors of Tong Oil Tools ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Trust Far Tech
SHE:300231
|
$511.81 Million |
|
Titan America SA
NYSE:TTAM
|
$511.97 Million |
|
Chutian Dragon Co Ltd
SHE:003040
|
$512.00 Million |
|
KMRIF
PINK:KMRIF
|
$512.11 Million |
|
Changzhou Aohong Electronics Co. Ltd.
SHG:605058
|
$511.59 Million |
|
Mersen
PINK:CBLNF
|
$511.49 Million |
|
KMW Inc.
KQ:032500
|
$511.46 Million |
|
Ningbo Kbe Electrical Technology Co
SHE:300863
|
$511.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tong Oil Tools's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,320,274,775 to 1,385,374,491, a change of 65,099,716 (4.9%).
- Net income of 55,646,769 contributed positively to equity growth.
- Dividend payments of 9,823,779 reduced retained earnings.
- Other factors increased equity by 19,276,726.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥55.65 Million | +4.02% |
| Dividends Paid | CN¥9.82 Million | -0.71% |
| Other Changes | CN¥19.28 Million | +1.39% |
| Total Change | CN¥- | 4.93% |
Book Value vs Market Value Analysis
This analysis compares Tong Oil Tools'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: 8.70x
- 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 increased from 5.74x to 8.70x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥3.57 | CN¥20.48 | x |
| 2018-12-31 | CN¥3.79 | CN¥20.48 | x |
| 2019-12-31 | CN¥3.86 | CN¥20.48 | x |
| 2020-12-31 | CN¥1.78 | CN¥20.48 | x |
| 2021-12-31 | CN¥1.84 | CN¥20.48 | x |
| 2022-12-31 | CN¥2.01 | CN¥20.48 | x |
| 2023-12-31 | CN¥2.23 | CN¥20.48 | x |
| 2024-12-31 | CN¥2.35 | CN¥20.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tong Oil Tools 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): 4.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.65%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 1.42x
- Recent ROE (4.02%) is above the historical average (1.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 30.95% | 16.83% | 0.94x | 1.95x | CN¥18.42 Million |
| 2008 | 30.83% | 17.49% | 0.95x | 1.86x | CN¥24.68 Million |
| 2009 | 20.18% | 18.45% | 0.72x | 1.53x | CN¥24.67 Million |
| 2010 | 20.67% | 20.33% | 0.59x | 1.73x | CN¥31.64 Million |
| 2011 | 6.76% | 22.06% | 0.25x | 1.20x | CN¥-36.95 Million |
| 2012 | 5.08% | 17.59% | 0.23x | 1.27x | CN¥-57.87 Million |
| 2013 | 2.77% | 8.87% | 0.24x | 1.30x | CN¥-85.02 Million |
| 2014 | 1.01% | 3.04% | 0.23x | 1.45x | CN¥-105.65 Million |
| 2015 | -3.56% | -7.31% | 0.31x | 1.55x | CN¥-177.00 Million |
| 2016 | 1.47% | 5.50% | 0.19x | 1.41x | CN¥-127.34 Million |
| 2017 | 2.75% | 5.40% | 0.30x | 1.70x | CN¥-116.27 Million |
| 2018 | 6.05% | 6.50% | 0.55x | 1.70x | CN¥-67.61 Million |
| 2019 | 2.59% | 2.90% | 0.53x | 1.70x | CN¥-128.81 Million |
| 2020 | -115.20% | -166.67% | 0.37x | 1.87x | CN¥-1.14 Billion |
| 2021 | 1.55% | 1.95% | 0.45x | 1.76x | CN¥-79.71 Million |
| 2022 | 2.04% | 2.90% | 0.44x | 1.59x | CN¥-87.09 Million |
| 2023 | 3.81% | 4.88% | 0.56x | 1.39x | CN¥-81.75 Million |
| 2024 | 4.02% | 4.65% | 0.61x | 1.42x | CN¥-82.89 Million |
Industry Comparison
This section compares Tong Oil Tools's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $1,090,035,561
- Average return on equity (ROE) among peers: -28.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tong Oil Tools (300164) | CN¥1.46 Billion | 30.95% | 0.37x | $511.69 Million |
| Xinjiang Zhundong Petroleum (002207) | $156.67 Million | 4.89% | 1.19x | $275.58 Million |
| Yantai Jereh Oilfield Services Group Co Ltd (002353) | $3.16 Billion | 20.35% | 0.48x | $7.68 Billion |
| China Oil HBP Science & Technology Co Ltd (002554) | $1.74 Billion | -28.35% | 1.23x | $416.87 Million |
| Zhejiang Renzhi Co Ltd (002629) | $685.23 Million | 3.58% | 0.12x | $282.35 Million |
| Lanzhou Haimo Technologies Co (300084) | $1.07 Billion | 3.74% | 0.52x | $485.03 Million |
| LandOcean Energy Services Co (300157) | $269.26 Million | -267.05% | 6.94x | $562.67 Million |
| Sino Geophysical (300191) | $1.17 Billion | -4.09% | 0.08x | $943.88 Million |
| Chengdu Huaqi Houpu Holding Co Ltd (300471) | $225.12 Million | 0.00% | 1.02x | $599.98 Million |
| Dezhou United Petroleum Technology Co.Ltd. (301158) | $1.33 Billion | 7.45% | 0.34x | $266.67 Million |