Changzhou Tiansheng New Materials Co Ltd
Changzhou Tiansheng New Materials Group Co., Ltd., together with its subsidiaries, engages in the research and development, production, and sale of polymer foam materials in China. The company offers structural foam materials primarily for use in wind power generation, railway transportation, yacht, aerospace, energy buildings conservation, and other industries; and soft foam materials, such as p… Read more
Changzhou Tiansheng New Materials Co Ltd (300169) - Net Assets
Latest net assets as of September 2025: CN¥-34.77 Million CNY
Based on the latest financial reports, Changzhou Tiansheng New Materials Co Ltd (300169) has net assets worth CN¥-34.77 Million 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¥769.96 Million) and total liabilities (CN¥804.73 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¥-34.77 Million |
| % of Total Assets | -4.52% |
| Annual Growth Rate | -1.89% |
| 5-Year Change | -91.93% |
| 10-Year Change | -95.97% |
| Growth Volatility | 79.96 |
Changzhou Tiansheng New Materials Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Changzhou Tiansheng New Materials Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Changzhou Tiansheng New Materials Co Ltd (2007–2024)
The table below shows the annual net assets of Changzhou Tiansheng New Materials Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥49.88 Million | -55.13% |
| 2023-12-31 | CN¥111.17 Million | -58.75% |
| 2022-12-31 | CN¥269.48 Million | -40.39% |
| 2021-12-31 | CN¥452.11 Million | -26.86% |
| 2020-12-31 | CN¥618.15 Million | -31.85% |
| 2019-12-31 | CN¥906.99 Million | -24.30% |
| 2018-12-31 | CN¥1.20 Billion | +1.56% |
| 2017-12-31 | CN¥1.18 Billion | -6.31% |
| 2016-12-31 | CN¥1.26 Billion | +1.69% |
| 2015-12-31 | CN¥1.24 Billion | +1.54% |
| 2014-12-31 | CN¥1.22 Billion | +39.23% |
| 2013-12-31 | CN¥875.94 Million | -8.50% |
| 2012-12-31 | CN¥957.28 Million | -2.16% |
| 2011-12-31 | CN¥978.38 Million | +275.96% |
| 2010-12-31 | CN¥260.24 Million | +23.63% |
| 2009-12-31 | CN¥210.50 Million | +20.45% |
| 2008-12-31 | CN¥174.75 Million | +153.36% |
| 2007-12-31 | CN¥68.97 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Changzhou Tiansheng New Materials Co Ltd'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 2540.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥325.98 Million | 617.81% |
| Other Comprehensive Income | CN¥23.88 Million | 45.26% |
| Other Components | CN¥826.97 Million | 1567.29% |
| Total Equity | CN¥52.76 Million | 100.00% |
Changzhou Tiansheng New Materials Co Ltd Competitors by Market Cap
The table below lists competitors of Changzhou Tiansheng New Materials Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arnoldo Mondadori Editore S.p.A.
LSE:0KAV
|
$239.05 Million |
|
Wuhan Xingtu Xinke Electronics Co Ltd
SHG:688081
|
$239.06 Million |
|
Yanlord Land Group Limited
PINK:YLDGF
|
$239.09 Million |
|
Candel Therapeutics Inc
NASDAQ:CADL
|
$239.15 Million |
|
Shanxi Sanwei Group Co Ltd
SHE:000755
|
$238.99 Million |
|
Alpha HPA Limited
F:3AU
|
$238.98 Million |
|
GnCenergy Co Ltd
KQ:119850
|
$238.94 Million |
|
Blackline Safety Corp
PINK:BLKLF
|
$238.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Changzhou Tiansheng New Materials Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 112,558,236 to 52,764,404, a change of -59,793,832 (-53.1%).
- Net loss of 58,651,825 reduced equity.
- Dividend payments of 31,456,715 reduced retained earnings.
- Other comprehensive income increased equity by 23,882,348.
- Other factors increased equity by 6,432,360.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-58.65 Million | -111.16% |
| Dividends Paid | CN¥31.46 Million | -59.62% |
| Other Comprehensive Income | CN¥23.88 Million | +45.26% |
| Other Changes | CN¥6.43 Million | +12.19% |
| Total Change | CN¥- | -53.12% |
Book Value vs Market Value Analysis
This analysis compares Changzhou Tiansheng New Materials Co Ltd'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: 41.52x
- 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 24.95x to 41.52x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.27 | CN¥6.72 | x |
| 2008-12-31 | CN¥0.81 | CN¥6.72 | x |
| 2009-12-31 | CN¥0.98 | CN¥6.72 | x |
| 2010-12-31 | CN¥1.20 | CN¥6.72 | x |
| 2011-12-31 | CN¥3.47 | CN¥6.72 | x |
| 2012-12-31 | CN¥3.33 | CN¥6.72 | x |
| 2013-12-31 | CN¥3.08 | CN¥6.72 | x |
| 2014-12-31 | CN¥4.06 | CN¥6.72 | x |
| 2015-12-31 | CN¥3.80 | CN¥6.72 | x |
| 2016-12-31 | CN¥3.87 | CN¥6.72 | x |
| 2017-12-31 | CN¥3.47 | CN¥6.72 | x |
| 2018-12-31 | CN¥3.70 | CN¥6.72 | x |
| 2019-12-31 | CN¥2.78 | CN¥6.72 | x |
| 2020-12-31 | CN¥1.90 | CN¥6.72 | x |
| 2021-12-31 | CN¥1.39 | CN¥6.72 | x |
| 2022-12-31 | CN¥0.83 | CN¥6.72 | x |
| 2023-12-31 | CN¥0.34 | CN¥6.72 | x |
| 2024-12-31 | CN¥0.16 | CN¥6.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Changzhou Tiansheng New Materials Co Ltd 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): -111.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.04%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 16.18x
- Recent ROE (-111.16%) is below the historical average (-18.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 52.17% | 14.72% | 1.28x | 2.77x | CN¥23.85 Million |
| 2008 | 15.76% | 11.55% | 0.70x | 1.96x | CN¥9.79 Million |
| 2009 | 17.24% | 13.98% | 0.56x | 2.19x | CN¥14.87 Million |
| 2010 | 19.16% | 13.88% | 0.63x | 2.19x | CN¥23.29 Million |
| 2011 | 5.76% | 13.26% | 0.33x | 1.33x | CN¥-40.27 Million |
| 2012 | 2.09% | 3.77% | 0.38x | 1.47x | CN¥-73.95 Million |
| 2013 | -9.32% | -13.30% | 0.39x | 1.81x | CN¥-167.06 Million |
| 2014 | 1.67% | 2.66% | 0.41x | 1.52x | CN¥-101.05 Million |
| 2015 | 0.97% | 1.57% | 0.42x | 1.47x | CN¥-111.88 Million |
| 2016 | 0.73% | 1.12% | 0.40x | 1.62x | CN¥-116.75 Million |
| 2017 | -3.17% | -4.83% | 0.37x | 1.75x | CN¥-155.17 Million |
| 2018 | 1.35% | 1.79% | 0.44x | 1.73x | CN¥-103.61 Million |
| 2019 | -31.84% | -32.32% | 0.49x | 2.01x | CN¥-379.46 Million |
| 2020 | -45.99% | -31.86% | 0.52x | 2.79x | CN¥-346.60 Million |
| 2021 | -36.20% | -21.56% | 0.48x | 3.50x | CN¥-209.43 Million |
| 2022 | -69.32% | -32.11% | 0.43x | 5.04x | CN¥-214.80 Million |
| 2023 | -142.35% | -27.90% | 0.50x | 10.31x | CN¥-171.48 Million |
| 2024 | -111.16% | -11.04% | 0.62x | 16.18x | CN¥-63.93 Million |
Industry Comparison
This section compares Changzhou Tiansheng New Materials Co Ltd's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $5,113,169,923
- Average return on equity (ROE) among peers: 134.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Changzhou Tiansheng New Materials Co Ltd (300169) | CN¥-34.77 Million | 52.17% | N/A | $239.04 Million |
| North Huajin Chemical Industries Co Ltd (000059) | $6.02 Billion | 6.39% | 1.78x | $667.34 Million |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $37.47 Billion | -6.13% | 4.45x | $2.93 Billion |
| Zangge Holding Co Ltd (000408) | $77.02 Million | 1290.57% | 5.02x | $11.50 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $610.23 Million | -19.65% | 0.75x | $1.15 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $313.50 Million | 0.80% | 0.55x | $406.72 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $54.68 Million | 39.27% | 1.16x | $222.39 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $31.53 Million | 19.31% | 2.12x | $292.93 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $527.87 Million | 11.23% | 0.11x | $184.51 Million |
| Shenyang Chemical Industry Co Ltd (000698) | $3.87 Billion | 4.85% | 1.49x | $239.27 Million |
| Hubei Shuanghuan Science and Technology Stock Co Ltd (000707) | $2.15 Billion | 0.42% | 2.92x | $403.51 Million |