Changzhou Tiansheng New Materials Co Ltd (300169) - Net Assets

Latest as of September 2025: CN¥-34.77 Million CNY ≈ $-5.09 Million USD

Based on the latest financial reports, Changzhou Tiansheng New Materials Co Ltd (300169) has net assets worth CN¥-34.77 Million CNY (≈ $-5.09 Million USD) 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 ≈ $112.67 Million USD) and total liabilities (CN¥804.73 Million ≈ $117.76 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 Changzhou Tiansheng New Materials Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore total assets of Changzhou Tiansheng New Materials Co Ltd for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Changzhou Tiansheng New Materials Co Ltd stock valuation.

Year	Net Assets	Change
2024-12-31	CN¥49.88 Million ≈ $7.30 Million	-55.13%
2023-12-31	CN¥111.17 Million ≈ $16.27 Million	-58.75%
2022-12-31	CN¥269.48 Million ≈ $39.43 Million	-40.39%
2021-12-31	CN¥452.11 Million ≈ $66.16 Million	-26.86%
2020-12-31	CN¥618.15 Million ≈ $90.45 Million	-31.85%
2019-12-31	CN¥906.99 Million ≈ $132.72 Million	-24.30%
2018-12-31	CN¥1.20 Billion ≈ $175.33 Million	+1.56%
2017-12-31	CN¥1.18 Billion ≈ $172.65 Million	-6.31%
2016-12-31	CN¥1.26 Billion ≈ $184.27 Million	+1.69%
2015-12-31	CN¥1.24 Billion ≈ $181.21 Million	+1.54%
2014-12-31	CN¥1.22 Billion ≈ $178.46 Million	+39.23%
2013-12-31	CN¥875.94 Million ≈ $128.18 Million	-8.50%
2012-12-31	CN¥957.28 Million ≈ $140.08 Million	-2.16%
2011-12-31	CN¥978.38 Million ≈ $143.17 Million	+275.96%
2010-12-31	CN¥260.24 Million ≈ $38.08 Million	+23.63%
2009-12-31	CN¥210.50 Million ≈ $30.80 Million	+20.45%
2008-12-31	CN¥174.75 Million ≈ $25.57 Million	+153.36%
2007-12-31	CN¥68.97 Million ≈ $10.09 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
LTC Co.Ltd KQ:170920	$308.16 Million
HannsTouch Solution Inc TW:3049	$308.27 Million
Wam Microcap Ltd AU:WMI	$308.29 Million
Qinghai Spring Medicinal Resources Technology Co Ltd SHG:600381	$308.40 Million
NCT Alliance Bhd KLSE:0056	$308.04 Million
Hansae Co KO:105630	$307.99 Million
Timberland Bancorp Inc NASDAQ:TSBK	$307.88 Million
Drugs Made In America Acquisition Corp. Units NASDAQ:DMAAU	$307.76 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: 39.92x
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 23.98x to 39.92x 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¥6.46	x
2008-12-31	CN¥0.81	CN¥6.46	x
2009-12-31	CN¥0.98	CN¥6.46	x
2010-12-31	CN¥1.20	CN¥6.46	x
2011-12-31	CN¥3.47	CN¥6.46	x
2012-12-31	CN¥3.33	CN¥6.46	x
2013-12-31	CN¥3.08	CN¥6.46	x
2014-12-31	CN¥4.06	CN¥6.46	x
2015-12-31	CN¥3.80	CN¥6.46	x
2016-12-31	CN¥3.87	CN¥6.46	x
2017-12-31	CN¥3.47	CN¥6.46	x
2018-12-31	CN¥3.70	CN¥6.46	x
2019-12-31	CN¥2.78	CN¥6.46	x
2020-12-31	CN¥1.90	CN¥6.46	x
2021-12-31	CN¥1.39	CN¥6.46	x
2022-12-31	CN¥0.83	CN¥6.46	x
2023-12-31	CN¥0.34	CN¥6.46	x
2024-12-31	CN¥0.16	CN¥6.46	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: $2,526,275,526
Average return on equity (ROE) among peers: 14.16%

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	$308.15 Million
North Huajin Chemical Industries Co Ltd (000059)	$12.66 Billion	14.57%	1.45x	$1.33 Billion
Sichuan Chemical Co Ltd (000155)	$7.35 Billion	4.73%	1.50x	$4.71 Billion
Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301)	$246.65 Million	3.47%	1.71x	$12.84 Billion
Zangge Holding Co Ltd (000408)	$477.67 Million	1.53%	1.45x	$20.51 Billion
Sichuan Jinlu Group Co Ltd (000510)	$1.17 Billion	5.97%	1.33x	$1.34 Billion
Jilin Gpro Titanium Industry Co Ltd (000545)	$313.50 Million	0.80%	0.55x	$436.10 Million
Aoyuan Beauty Valley Technology Co Ltd (000615)	$54.68 Million	39.27%	1.16x	$871.02 Million
Ningxia Younglight Chemicals Co Ltd (000635)	$2.67 Billion	1.91%	0.16x	$470.62 Million
Maoming Petro-Chemical Shihua Co Ltd (000637)	$220.98 Million	19.06%	0.40x	$366.68 Million
Inner Mongolia Yuan Xing Energy Co Ltd (000683)	$93.73 Million	50.32%	1.49x	$4.87 Billion

About Changzhou Tiansheng New Materials Co Ltd

SHE:300169 China Chemicals

Market Cap

$308.15 Million

CN¥2.11 Billion CNY

Market Cap Rank

#14845 Global

#4589 in China

Share Price

CN¥6.46

Change (1 day)

+1.89%

52-Week Range

CN¥5.61 - CN¥10.58

All Time High

CN¥18.05