Jiangsu Tongguang Electronic Wire&Cable Co Ltd (300265) - Net Assets
Based on the latest financial reports, Jiangsu Tongguang Electronic Wire&Cable Co Ltd (300265) has net assets worth CN¥2.30 Billion CNY (≈ $337.17 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¥3.55 Billion ≈ $519.99 Million USD) and total liabilities (CN¥1.25 Billion ≈ $182.82 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 300265 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.30 Billion |
| % of Total Assets | 64.84% |
| Annual Growth Rate | 18.71% |
| 5-Year Change | 64.29% |
| 10-Year Change | 164.25% |
| Growth Volatility | 59.7 |
Jiangsu Tongguang Electronic Wire&Cable Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Jiangsu Tongguang Electronic Wire&Cable Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Jiangsu Tongguang Electronic Wire&Cable for the complete picture of this company's asset base.
Annual Net Assets for Jiangsu Tongguang Electronic Wire&Cable Co Ltd (2008–2024)
The table below shows the annual net assets of Jiangsu Tongguang Electronic Wire&Cable Co Ltd from 2008 to 2024. For live valuation and market cap data, see Jiangsu Tongguang Electronic Wire&Cable stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.27 Billion ≈ $332.09 Million |
-1.72% |
| 2023-12-31 | CN¥2.31 Billion ≈ $337.89 Million |
+61.35% |
| 2022-12-31 | CN¥1.43 Billion ≈ $209.41 Million |
+5.35% |
| 2021-12-31 | CN¥1.36 Billion ≈ $198.77 Million |
-1.67% |
| 2020-12-31 | CN¥1.38 Billion ≈ $202.14 Million |
+21.56% |
| 2019-12-31 | CN¥1.14 Billion ≈ $166.28 Million |
+10.39% |
| 2018-12-31 | CN¥1.03 Billion ≈ $150.63 Million |
+4.16% |
| 2017-12-31 | CN¥988.29 Million ≈ $144.62 Million |
+5.58% |
| 2016-12-31 | CN¥936.03 Million ≈ $136.97 Million |
+8.99% |
| 2015-12-31 | CN¥858.81 Million ≈ $125.67 Million |
+9.92% |
| 2014-12-31 | CN¥781.30 Million ≈ $114.33 Million |
+2.38% |
| 2013-12-31 | CN¥763.15 Million ≈ $111.67 Million |
+3.98% |
| 2012-12-31 | CN¥733.97 Million ≈ $107.40 Million |
+2.45% |
| 2011-12-31 | CN¥716.42 Million ≈ $104.83 Million |
+250.01% |
| 2010-12-31 | CN¥204.69 Million ≈ $29.95 Million |
+30.06% |
| 2009-12-31 | CN¥157.38 Million ≈ $23.03 Million |
+7.91% |
| 2008-12-31 | CN¥145.84 Million ≈ $21.34 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Tongguang Electronic Wire&Cable 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 grown by 18540.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥674.95 Million | 30.17% |
| Common Stock | CN¥458.29 Million | 20.48% |
| Other Components | CN¥1.10 Billion | 49.35% |
| Total Equity | CN¥2.24 Billion | 100.00% |
Jiangsu Tongguang Electronic Wire&Cable Co Ltd Competitors by Market Cap
The table below lists competitors of Jiangsu Tongguang Electronic Wire&Cable Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jefferson Capital, Inc. Common Stock
NASDAQ:JCAP
|
$1.18 Billion |
|
Tekfen Holding AS
IS:TKFEN
|
$1.18 Billion |
|
WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust
BK:WHART
|
$1.18 Billion |
|
Sino Horizon Holdings Ltd
TW:2923
|
$1.18 Billion |
|
Dicker Data Ltd
AU:DDR
|
$1.18 Billion |
|
Chengdu Yunda Technology Co Ltd
SHE:300440
|
$1.18 Billion |
|
United States Steel Corp
BA:X
|
$1.18 Billion |
|
Fras-le S.A
SA:FRAS3
|
$1.18 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Tongguang Electronic Wire&Cable Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,265,289,202 to 2,237,203,257, a change of -28,085,945 (-1.2%).
- Net income of 46,872,248 contributed positively to equity growth.
- Dividend payments of 51,695,923 reduced retained earnings.
- Other factors decreased equity by 23,262,270.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥46.87 Million | +2.1% |
| Dividends Paid | CN¥51.70 Million | -2.31% |
| Other Changes | CN¥-23.26 Million | -1.04% |
| Total Change | CN¥- | -1.24% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Tongguang Electronic Wire&Cable 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: 3.53x
- 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 decreased from 46.94x to 3.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.37 | CN¥17.21 | x |
| 2009-12-31 | CN¥0.41 | CN¥17.21 | x |
| 2010-12-31 | CN¥0.51 | CN¥17.21 | x |
| 2011-12-31 | CN¥2.50 | CN¥17.21 | x |
| 2012-12-31 | CN¥2.17 | CN¥17.21 | x |
| 2013-12-31 | CN¥2.26 | CN¥17.21 | x |
| 2014-12-31 | CN¥2.31 | CN¥17.21 | x |
| 2015-12-31 | CN¥2.54 | CN¥17.21 | x |
| 2016-12-31 | CN¥2.77 | CN¥17.21 | x |
| 2017-12-31 | CN¥2.85 | CN¥17.21 | x |
| 2018-12-31 | CN¥2.94 | CN¥17.21 | x |
| 2019-12-31 | CN¥3.15 | CN¥17.21 | x |
| 2020-12-31 | CN¥3.73 | CN¥17.21 | x |
| 2021-12-31 | CN¥3.62 | CN¥17.21 | x |
| 2022-12-31 | CN¥3.81 | CN¥17.21 | x |
| 2023-12-31 | CN¥4.94 | CN¥17.21 | x |
| 2024-12-31 | CN¥4.88 | CN¥17.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Tongguang Electronic Wire&Cable 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): 2.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.81%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 1.55x
- Recent ROE (2.10%) is below the historical average (8.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 11.90% | 5.04% | 0.71x | 3.32x | CN¥2.35 Million |
| 2009 | 17.28% | 6.15% | 0.80x | 3.53x | CN¥10.00 Million |
| 2010 | 28.33% | 9.86% | 0.89x | 3.22x | CN¥31.33 Million |
| 2011 | 6.52% | 6.81% | 0.60x | 1.58x | CN¥-23.60 Million |
| 2012 | 8.67% | 7.97% | 0.70x | 1.55x | CN¥-9.74 Million |
| 2013 | 5.55% | 5.51% | 0.67x | 1.50x | CN¥-33.98 Million |
| 2014 | 4.13% | 3.76% | 0.71x | 1.54x | CN¥-45.89 Million |
| 2015 | 11.90% | 8.65% | 0.90x | 1.52x | CN¥16.29 Million |
| 2016 | 13.42% | 8.64% | 0.72x | 2.17x | CN¥31.97 Million |
| 2017 | 4.40% | 2.79% | 0.72x | 2.20x | CN¥-53.86 Million |
| 2018 | 3.76% | 2.32% | 0.70x | 2.30x | CN¥-62.03 Million |
| 2019 | 2.55% | 1.84% | 0.59x | 2.37x | CN¥-79.26 Million |
| 2020 | 4.55% | 4.04% | 0.58x | 1.93x | CN¥-70.89 Million |
| 2021 | 3.40% | 2.34% | 0.74x | 1.96x | CN¥-87.14 Million |
| 2022 | 5.87% | 3.92% | 0.74x | 2.03x | CN¥-57.40 Million |
| 2023 | 4.44% | 4.04% | 0.76x | 1.45x | CN¥-126.02 Million |
| 2024 | 2.10% | 1.81% | 0.75x | 1.55x | CN¥-176.85 Million |
Industry Comparison
This section compares Jiangsu Tongguang Electronic Wire&Cable Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,126,582,124
- Average return on equity (ROE) among peers: 8.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Tongguang Electronic Wire&Cable Co Ltd (300265) | CN¥2.30 Billion | 11.90% | 0.54x | $1.18 Billion |
| XJ Electric Co Ltd (000400) | $2.20 Billion | 5.89% | 1.09x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $874.93 Million | -1.17% | 1.71x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.71 Billion | 7.84% | 0.11x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $86.35 Million | 23.75% | 0.85x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.31 Billion | 8.55% | 0.86x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $1.22 Billion | 3.70% | 0.93x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.54 Billion | 5.61% | 1.58x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $65.21 Million | 33.34% | 0.57x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $183.97 Million | -6.05% | 0.22x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $11.08 Billion | 1.35% | 1.51x | $9.75 Billion |
About Jiangsu Tongguang Electronic Wire&Cable Co Ltd
Jiangsu Tongguang Electronic Wire & Cable Co., Ltd. produces and sells cables in the People's Republic of China and internationally. The company offers fiber optic cables, power transmission cables, and equipment cables that can be used in telecommunication, mobile, radio and television, electric power, railway, other communication, and overhead transmission lines, as well as power cables for con… Read more