Shandong Tongda Island New Materials Co Ltd
Shandong Tongda Island New Materials Co.,Ltd. researches and develops, manufactures, services, and sells microfiber synthetic leather products in China and internationally. It offers microfiber suede, smooth leather, and base fabric, which are used in shoe materials, sofa furniture, electronic products, sportswear equipment, engineering decoration, automotive interiors, handbags, clothing, and ot… Read more
Shandong Tongda Island New Materials Co Ltd (300321) - Net Assets
Latest net assets as of September 2025: CN¥633.76 Million CNY
Based on the latest financial reports, Shandong Tongda Island New Materials Co Ltd (300321) has net assets worth CN¥633.76 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¥677.80 Million) and total liabilities (CN¥44.05 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¥633.76 Million |
| % of Total Assets | 93.5% |
| Annual Growth Rate | 15.08% |
| 5-Year Change | -1.37% |
| 10-Year Change | 11.91% |
| Growth Volatility | 29.16 |
Shandong Tongda Island New Materials Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Shandong Tongda Island 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 Shandong Tongda Island New Materials Co Ltd (2007–2024)
The table below shows the annual net assets of Shandong Tongda Island New Materials Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥626.55 Million | +1.36% |
| 2023-12-31 | CN¥618.15 Million | -1.75% |
| 2022-12-31 | CN¥629.18 Million | +1.38% |
| 2021-12-31 | CN¥620.63 Million | -2.30% |
| 2020-12-31 | CN¥635.22 Million | -2.34% |
| 2019-12-31 | CN¥650.46 Million | +5.54% |
| 2018-12-31 | CN¥616.32 Million | +3.96% |
| 2017-12-31 | CN¥592.85 Million | +2.70% |
| 2016-12-31 | CN¥577.25 Million | +3.10% |
| 2015-12-31 | CN¥559.87 Million | +5.01% |
| 2014-12-31 | CN¥533.14 Million | +3.76% |
| 2013-12-31 | CN¥513.81 Million | +5.40% |
| 2012-12-31 | CN¥487.48 Million | +104.76% |
| 2011-12-31 | CN¥238.07 Million | +28.54% |
| 2010-12-31 | CN¥185.21 Million | +29.68% |
| 2009-12-31 | CN¥142.82 Million | +44.88% |
| 2008-12-31 | CN¥98.58 Million | +71.36% |
| 2007-12-31 | CN¥57.53 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Tongda Island 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 grown by 519.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥255.73 Million | 40.82% |
| Common Stock | CN¥88.80 Million | 14.17% |
| Other Components | CN¥282.02 Million | 45.01% |
| Total Equity | CN¥626.55 Million | 100.00% |
Shandong Tongda Island New Materials Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Tongda Island New Materials Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Prabha Energy Limited
NSE:PRABHA
|
$195.55 Million |
|
Cloud Live Technology Group Co Ltd
SHE:002306
|
$195.55 Million |
|
DiaMedica Therapeutics Inc
NASDAQ:DMAC
|
$195.73 Million |
|
Shanghai General Healthy Information and Technology Co. Ltd.
SHG:605186
|
$195.75 Million |
|
HORNBACH Baumarkt AG
HM:HBM
|
$195.46 Million |
|
Firich Enterprises Co Ltd
TWO:8076
|
$195.45 Million |
|
National Express Group PLC
PINK:NXPGF
|
$195.31 Million |
|
Mistras Group Inc
NYSE:MG
|
$195.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Tongda Island New Materials Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 618,146,263 to 626,546,348, a change of 8,400,085 (1.4%).
- Net income of 8,400,085 contributed positively to equity growth.
- Other comprehensive income decreased equity by 43,117,769.
- Other factors increased equity by 43,117,769.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥8.40 Million | +1.34% |
| Other Comprehensive Income | CN¥-43.12 Million | -6.88% |
| Other Changes | CN¥43.12 Million | +6.88% |
| Total Change | CN¥- | 1.36% |
Book Value vs Market Value Analysis
This analysis compares Shandong Tongda Island 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: 5.05x
- 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 28.43x to 5.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥1.25 | CN¥35.60 | x |
| 2008-12-31 | CN¥1.71 | CN¥35.60 | x |
| 2009-12-31 | CN¥2.28 | CN¥35.60 | x |
| 2010-12-31 | CN¥2.78 | CN¥35.60 | x |
| 2011-12-31 | CN¥3.57 | CN¥35.60 | x |
| 2012-12-31 | CN¥6.13 | CN¥35.60 | x |
| 2013-12-31 | CN¥5.73 | CN¥35.60 | x |
| 2014-12-31 | CN¥6.00 | CN¥35.60 | x |
| 2015-12-31 | CN¥6.31 | CN¥35.60 | x |
| 2016-12-31 | CN¥6.50 | CN¥35.60 | x |
| 2017-12-31 | CN¥6.68 | CN¥35.60 | x |
| 2018-12-31 | CN¥6.94 | CN¥35.60 | x |
| 2019-12-31 | CN¥7.32 | CN¥35.60 | x |
| 2020-12-31 | CN¥7.15 | CN¥35.60 | x |
| 2021-12-31 | CN¥6.99 | CN¥35.60 | x |
| 2022-12-31 | CN¥7.09 | CN¥35.60 | x |
| 2023-12-31 | CN¥6.96 | CN¥35.60 | x |
| 2024-12-31 | CN¥7.06 | CN¥35.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Tongda Island 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): 1.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.25%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.09x
- Recent ROE (1.34%) is below the historical average (10.01%), 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 | 39.54% | 9.10% | 1.17x | 3.71x | CN¥16.99 Million |
| 2008 | 24.40% | 8.72% | 1.06x | 2.64x | CN¥14.19 Million |
| 2009 | 21.73% | 11.62% | 0.97x | 1.92x | CN¥16.76 Million |
| 2010 | 22.88% | 11.90% | 1.02x | 1.88x | CN¥23.86 Million |
| 2011 | 22.20% | 12.29% | 0.88x | 2.06x | CN¥29.06 Million |
| 2012 | 6.16% | 7.88% | 0.55x | 1.43x | CN¥-18.70 Million |
| 2013 | 5.39% | 6.28% | 0.60x | 1.42x | CN¥-23.48 Million |
| 2014 | 5.46% | 5.93% | 0.68x | 1.35x | CN¥-24.20 Million |
| 2015 | 6.18% | 7.63% | 0.66x | 1.23x | CN¥-21.39 Million |
| 2016 | 5.74% | 7.66% | 0.64x | 1.17x | CN¥-24.58 Million |
| 2017 | 4.13% | 5.61% | 0.61x | 1.22x | CN¥-34.80 Million |
| 2018 | 4.67% | 6.14% | 0.64x | 1.19x | CN¥-32.83 Million |
| 2019 | 6.07% | 8.65% | 0.60x | 1.17x | CN¥-25.58 Million |
| 2020 | 3.19% | 4.96% | 0.55x | 1.17x | CN¥-43.24 Million |
| 2021 | 0.51% | 0.61% | 0.71x | 1.18x | CN¥-58.89 Million |
| 2022 | 1.81% | 2.45% | 0.67x | 1.09x | CN¥-51.53 Million |
| 2023 | -1.28% | -2.41% | 0.49x | 1.08x | CN¥-69.74 Million |
| 2024 | 1.34% | 2.25% | 0.55x | 1.09x | CN¥-54.25 Million |
Industry Comparison
This section compares Shandong Tongda Island New Materials Co Ltd's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $1,533,741,327
- Average return on equity (ROE) among peers: 1.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Tongda Island New Materials Co Ltd (300321) | CN¥633.76 Million | 39.54% | 0.07x | $195.48 Million |
| Wuxi Double Elephant Micro Fibre Material Co Ltd (002395) | $904.81 Million | 5.58% | 1.28x | $239.60 Million |
| Anhui ANLI Artificial Leather (300218) | $1.41 Billion | 5.04% | 0.56x | $299.48 Million |
| Anhui Korrun Co Ltd (300577) | $900.20 Million | 25.11% | 1.19x | $260.39 Million |
| Guangdong Wanlima Industry Co Ltd (300591) | $576.44 Million | -36.88% | 0.65x | $319.12 Million |
| Zhejiang Zoenn Design Co Ltd (300901) | $957.63 Million | 10.91% | 0.13x | $230.20 Million |
| Zhejiang Aokang Shoes Co Ltd (603001) | $3.47 Billion | 0.98% | 0.26x | $215.04 Million |
| Zhejiang Red Dragonfly Footwear Co Ltd (603116) | $3.20 Billion | 8.72% | 0.37x | $163.02 Million |
| Topscore Fashion (603608) | $1.35 Billion | -13.25% | 0.59x | $312.39 Million |
| Zhejiang Kanglongda Special (603665) | $1.04 Billion | 4.80% | 0.37x | $378.58 Million |