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

Latest as of March 2026: CN¥59.03 Million CNY ≈ $8.64 Million USD

Based on the latest financial reports, Changzhou Tiansheng New Materials Co Ltd (300169) has net assets worth CN¥59.03 Million CNY (≈ $8.64 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥638.14 Million ≈ $93.38 Million USD) and total liabilities (CN¥579.11 Million ≈ $84.74 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 strategic asset allocation of Changzhou Tiansheng New Materials Co Ltd to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥59.03 Million
% of Total Assets	9.25%
Annual Growth Rate	-0.72%
5-Year Change	-86.61%
10-Year Change	-95.19%
Growth Volatility	77.72

Changzhou Tiansheng New Materials Co Ltd - Net Assets Trend (2007–2025)

This chart illustrates how Changzhou Tiansheng New Materials Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Changzhou Tiansheng New Materials Co Ltd market cap and net worth.

Annual Net Assets for Changzhou Tiansheng New Materials Co Ltd (2007–2025)

The table below shows the annual net assets of Changzhou Tiansheng New Materials Co Ltd from 2007 to 2025. Also explore how fast is Changzhou Tiansheng New Materials Co Ltd growing its equity to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	CN¥60.56 Million ≈ $8.86 Million	+21.40%
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 2512.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	CN¥1.18 Billion	1812.49%
Total Equity	CN¥64.88 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
NN Inc NASDAQ:NNBR	$273.34 Million
Syntec Optics Holdings Inc. NASDAQ:OPTX	$273.50 Million
Tiansheng Pharmaceutical Group Co Ltd SHE:002872	$273.62 Million
Aurion Resources Ltd V:AU	$273.63 Million
COG Financial Services Ltd AU:COG	$273.14 Million
Hubtown Limited NSE:HUBTOWN	$273.07 Million
TSC Auto ID Technology Co Ltd TWO:3611	$273.03 Million
Anhui Chaoyue Environmental Protection Technology Co. Ltd. SHE:301049	$272.95 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 2024 to 2025, total equity changed from 52,764,404 to 64,877,385, a change of 12,112,981 (23.0%).
Net income of 13,057,078 contributed positively to equity growth.
Dividend payments of 26,683,980 reduced retained earnings.
Other comprehensive income decreased equity by 23,882,348.
Other factors increased equity by 49,622,231.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥13.06 Million	+20.13%
Dividends Paid	CN¥26.68 Million	-41.13%
Other Comprehensive Income	CN¥-23.88 Million	-36.81%
Other Changes	CN¥49.62 Million	+76.49%
Total Change	CN¥-	22.96%

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: 27.64x
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 20.42x to 27.64x 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¥5.50	x
2008-12-31	CN¥0.81	CN¥5.50	x
2009-12-31	CN¥0.98	CN¥5.50	x
2010-12-31	CN¥1.20	CN¥5.50	x
2011-12-31	CN¥3.47	CN¥5.50	x
2012-12-31	CN¥3.33	CN¥5.50	x
2013-12-31	CN¥3.08	CN¥5.50	x
2014-12-31	CN¥4.06	CN¥5.50	x
2015-12-31	CN¥3.80	CN¥5.50	x
2016-12-31	CN¥7.63	CN¥5.50	x
2017-12-31	CN¥3.47	CN¥5.50	x
2018-12-31	CN¥3.70	CN¥5.50	x
2019-12-31	CN¥2.79	CN¥5.50	x
2020-12-31	CN¥1.89	CN¥5.50	x
2021-12-31	CN¥1.38	CN¥5.50	x
2022-12-31	CN¥0.84	CN¥5.50	x
2023-12-31	CN¥0.35	CN¥5.50	x
2024-12-31	CN¥0.16	CN¥5.50	x
2025-12-31	CN¥0.20	CN¥5.50	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): 20.13%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.91%
• Asset Turnover: 0.62x
• Equity Multiplier: 11.14x
Recent ROE (20.13%) is above the historical average (-16.30%), indicating improving 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	-8.06%	-11.51%	0.39x	1.81x	CN¥-156.18 Million
2014	2.09%	3.33%	0.41x	1.52x	CN¥-95.95 Million
2015	1.89%	3.08%	0.42x	1.47x	CN¥-100.38 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
2025	20.13%	2.91%	0.62x	11.14x	CN¥6.57 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: $818,406,996
Average return on equity (ROE) among peers: -0.71%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Changzhou Tiansheng New Materials Co Ltd (300169)	CN¥59.03 Million	52.17%	9.81x	$273.23 Million
North Huajin Chemical Industries Co Ltd (000059)	$1.81 Billion	5.56%	1.48x	$1.26 Billion
Sichuan Chemical Co Ltd (000155)	$1.94 Billion	4.27%	0.66x	$3.19 Billion
Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301)	$254.65 Million	12.48%	1.65x	$13.23 Billion
Zangge Holding Co Ltd (000408)	$353.51 Million	9.73%	1.04x	$16.58 Billion
Sichuan Jinlu Group Co Ltd (000510)	$34.68 Million	0.00%	2.05x	$1.77 Billion
Jilin Gpro Titanium Industry Co Ltd (000545)	$1.88 Billion	-7.74%	0.64x	$317.69 Million
Aoyuan Beauty Valley Technology Co Ltd (000615)	$365.16 Million	13.94%	0.26x	$844.86 Million
Ningxia Younglight Chemicals Co Ltd (000635)	$302.31 Million	10.40%	0.37x	$420.44 Million
Maoming Petro-Chemical Shihua Co Ltd (000637)	$758.08 Million	-11.00%	2.16x	$312.66 Million
Inner Mongolia Yuan Xing Energy Co Ltd (000683)	$491.34 Million	-44.74%	3.10x	$3.10 Billion

About Changzhou Tiansheng New Materials Co Ltd

SHE:300169 China Chemicals

Market Cap

$273.23 Million

CN¥1.87 Billion CNY

Market Cap Rank

#15352 Global

#4529 in China

Share Price

CN¥5.50

Change (1 day)

-0.36%

52-Week Range

CN¥4.26 - CN¥7.39

All Time High

CN¥18.05