Tong Oil Tools (300164) - Net Assets

Latest as of June 2025: CN¥1.46 Billion CNY ≈ $213.27 Million USD

Based on the latest financial reports, Tong Oil Tools (300164) has net assets worth CN¥1.46 Billion CNY (≈ $213.27 Million USD) 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 ≈ $291.84 Million USD) and total liabilities (CN¥536.93 Million ≈ $78.57 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 asset resilience ratio of Tong Oil Tools to evaluate the company's liquid asset resilience ratio.

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. Also explore total assets of Tong Oil Tools for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market cap of Tong Oil Tools.

Year	Net Assets	Change
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	--

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
Hnac Technology Co Ltd SHE:300490	$1.16 Billion
Radware Ltd NASDAQ:RDWR	$1.16 Billion
Nanjing Vazyme Biotech Co Ltd SHG:688105	$1.16 Billion
Kelington Group Bhd KLSE:0151	$1.16 Billion
Shenzhen Feima International Supply Chain Co Ltd SHE:002210	$1.16 Billion
Sumavision Technologies SHE:300079	$1.16 Billion
OVH GROUPE UNSP.ADR/1/2 F:7U70	$1.16 Billion
ArcherMind Technology Nanjing Co Ltd SHE:300598	$1.16 Billion

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: 5.73x
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 3.78x to 5.73x 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¥13.48	x
2018-12-31	CN¥3.79	CN¥13.48	x
2019-12-31	CN¥3.86	CN¥13.48	x
2020-12-31	CN¥1.78	CN¥13.48	x
2021-12-31	CN¥1.84	CN¥13.48	x
2022-12-31	CN¥2.01	CN¥13.48	x
2023-12-31	CN¥2.23	CN¥13.48	x
2024-12-31	CN¥2.35	CN¥13.48	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: $1,909,000,122
Average return on equity (ROE) among peers: 0.67%

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	$1.16 Billion
Sinopec Oilfield Equipment Corp (000852)	$3.05 Billion	1.71%	2.26x	$1.02 Billion
Xinjiang Zhundong Petroleum (002207)	$586.52 Million	1.72%	0.46x	$263.44 Million
Yantai Jereh Oilfield Services Group Co Ltd (002353)	$8.14 Billion	14.74%	0.37x	$20.53 Billion
Shandong Molong Petroleum Machinery Co Ltd (002490)	$910.35 Million	-46.68%	3.44x	$797.47 Million
China Oil HBP Science & Technology Co Ltd (002554)	$209.11 Million	25.42%	0.69x	$681.13 Million
Zhejiang Renzhi Co Ltd (002629)	$32.77 Million	-44.83%	10.58x	$403.41 Million
Lanzhou Haimo Technologies Co (300084)	$79.42 Million	19.79%	0.54x	$878.59 Million
LandOcean Energy Services Co (300157)	$4.01 Billion	2.12%	0.43x	$632.16 Million
Sino Geophysical (300191)	$153.30 Million	32.07%	0.12x	$2.03 Billion

About Tong Oil Tools

SHE:300164 China Oil & Gas Equipment & Services

Market Cap

$1.16 Billion

CN¥7.93 Billion CNY

Market Cap Rank

#8471 Global

#2191 in China

Share Price

CN¥13.48

Change (1 day)

+1.97%

52-Week Range

CN¥3.93 - CN¥24.56

All Time High

CN¥24.56