Tong Oil Tools Net Assets
Tong Oil Tools net assets. Based on the latest financial reports, Tong Oil Tools (300164) has net assets worth CN¥1.38 Billion CNY (≈ $201.80 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.04 Billion ≈ $298.14 Million USD) and total liabilities (CN¥658.39 Million ≈ $96.34 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. Also explore Tong Oil Tools annual equity growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.38 Billion |
| % of Total Assets | 67.69% |
| Annual Growth Rate | 16.73% |
| 5-Year Change | 48.84% |
| 10-Year Change | -13.15% |
| Growth Volatility | 68.42 |
Net Assets of Tong Oil Tools (2007–2025)
Net assets of Tong Oil Tools from 2007 to 2025. This chart illustrates how Tong Oil Tools's net assets have evolved over time, based on quarterly financial data. See 300164 net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Tong Oil Tools (2007–2025)
The table below shows the annual net assets of Tong Oil Tools from 2007 to 2025. For live market cap and overall valuation, see market cap of Tong Oil Tools.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.43 Billion ≈ $208.59 Million |
+1.32% |
| 2024-12-31 | CN¥1.41 Billion ≈ $205.86 Million |
+4.89% |
| 2023-12-31 | CN¥1.34 Billion ≈ $196.27 Million |
+20.68% |
| 2022-12-31 | CN¥1.11 Billion ≈ $162.63 Million |
+16.05% |
| 2021-12-31 | CN¥957.70 Million ≈ $140.14 Million |
-0.52% |
| 2020-12-31 | CN¥962.68 Million ≈ $140.87 Million |
-48.60% |
| 2019-12-31 | CN¥1.87 Billion ≈ $274.07 Million |
+2.34% |
| 2018-12-31 | CN¥1.83 Billion ≈ $267.81 Million |
-9.15% |
| 2017-12-31 | CN¥2.01 Billion ≈ $294.80 Million |
+22.74% |
| 2016-12-31 | CN¥1.64 Billion ≈ $240.17 Million |
+2.41% |
| 2015-12-31 | CN¥1.60 Billion ≈ $234.53 Million |
+22.29% |
| 2014-12-31 | CN¥1.31 Billion ≈ $191.78 Million |
+10.92% |
| 2013-12-31 | CN¥1.18 Billion ≈ $172.90 Million |
+0.45% |
| 2012-12-31 | CN¥1.18 Billion ≈ $172.12 Million |
+3.15% |
| 2011-12-31 | CN¥1.14 Billion ≈ $166.87 Million |
+284.48% |
| 2010-12-31 | CN¥296.60 Million ≈ $43.40 Million |
+22.35% |
| 2009-12-31 | CN¥242.42 Million ≈ $35.47 Million |
+104.56% |
| 2008-12-31 | CN¥118.51 Million ≈ $17.34 Million |
+34.59% |
| 2007-12-31 | CN¥88.05 Million ≈ $12.88 Million |
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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 1624.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Tong Oil Tools Net Assets Breakdown (December 2025)
Tong Oil Tools net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.97 Billion | 140.62% |
| Total Equity | CN¥1.40 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 |
|---|---|
|
GIGAVIS LTD (PROPOSED)
KQ:420770
|
$710.41 Million |
|
Community West Bancshares
NASDAQ:CWBC
|
$710.56 Million |
|
Linewell Software Co Ltd
SHG:603636
|
$710.82 Million |
|
Gerresheimer AG
F:GXI
|
$710.83 Million |
|
BAE Systems plc
LSE:BA
|
$710.25 Million |
|
XOMA Royalty Corporation
NASDAQ:XOMA
|
$710.16 Million |
|
Riskified Ltd
NYSE:RSKD
|
$710.10 Million |
|
Chung Hung Steel Corp
TW:2014
|
$710.07 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 2024 to 2025, total equity changed from 1,385,374,491 to 1,403,328,248, a change of 17,953,757 (1.3%).
- Net income of 36,619,486 contributed positively to equity growth.
- Dividend payments of 9,096,394 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥36.62 Million | +2.61% |
| Dividends Paid | CN¥9.10 Million | -0.65% |
| Other Changes | CN¥-9.57 Million | -0.68% |
| Total Change | CN¥- | 1.30% |
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: 3.46x
- 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 2.31x to 3.46x 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¥8.25 | x |
| 2018-12-31 | CN¥3.79 | CN¥8.25 | x |
| 2019-12-31 | CN¥3.86 | CN¥8.25 | x |
| 2020-12-31 | CN¥1.78 | CN¥8.25 | x |
| 2021-12-31 | CN¥1.84 | CN¥8.25 | x |
| 2022-12-31 | CN¥2.01 | CN¥8.25 | x |
| 2023-12-31 | CN¥2.23 | CN¥8.25 | x |
| 2024-12-31 | CN¥2.35 | CN¥8.25 | x |
| 2025-12-31 | CN¥2.38 | CN¥8.25 | 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): 2.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.19%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.43x
- Recent ROE (2.61%) is above the historical average (1.39%), 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 |
| 2025 | 2.61% | 3.19% | 0.57x | 1.43x | CN¥-103.71 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: $1,698,350,059
- Average return on equity (ROE) among peers: -40.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tong Oil Tools (300164) | CN¥1.38 Billion | 30.95% | 0.48x | $710.41 Million |
| Sinopec Oilfield Equipment Corp (000852) | $2.68 Billion | 0.22% | 1.76x | $716.08 Million |
| Xinjiang Zhundong Petroleum (002207) | $355.50 Million | 3.17% | 0.92x | $203.62 Million |
| Yantai Jereh Oilfield Services Group Co Ltd (002353) | $4.04 Billion | 24.40% | 0.71x | $13.48 Billion |
| Shandong Molong Petroleum Machinery Co Ltd (002490) | $2.74 Billion | 10.07% | 0.67x | $535.08 Million |
| China Oil HBP Science & Technology Co Ltd (002554) | $2.20 Billion | 4.04% | 1.14x | $493.77 Million |
| Zhejiang Renzhi Co Ltd (002629) | $6.84 Million | -386.09% | 51.93x | $227.58 Million |
| Lanzhou Haimo Technologies Co (300084) | $1.28 Billion | -46.53% | 0.86x | $631.97 Million |
| LandOcean Energy Services Co (300157) | $265.49 Million | 15.32% | 6.73x | $361.96 Million |
| Chengdu Huaqi Houpu Holding Co Ltd (300471) | $1.71 Billion | 9.77% | 0.41x | $660.47 Million |
About 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 offers integrated technical services, including directional drilling, logging, … Read more