Shandong Tongda Island New Materials Co Ltd (300321) - Net Assets
Based on the latest financial reports, Shandong Tongda Island New Materials Co Ltd (300321) has net assets worth CN¥634.97 Million CNY (≈ $92.92 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥691.02 Million ≈ $101.12 Million USD) and total liabilities (CN¥56.05 Million ≈ $8.20 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 how strategically is Shandong Tongda Island New Materials Co 's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥634.97 Million |
| % of Total Assets | 91.89% |
| Annual Growth Rate | 14.26% |
| 5-Year Change | 2.15% |
| 10-Year Change | 9.82% |
| Growth Volatility | 28.59 |
Shandong Tongda Island New Materials Co Ltd - Net Assets Trend (2007–2025)
This chart illustrates how Shandong Tongda Island New Materials Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 300321 market cap.
Annual Net Assets for Shandong Tongda Island New Materials Co Ltd (2007–2025)
The table below shows the annual net assets of Shandong Tongda Island New Materials Co Ltd from 2007 to 2025. Also explore 300321 net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥633.95 Million ≈ $92.77 Million |
+1.18% |
| 2024-12-31 | CN¥626.55 Million ≈ $91.68 Million |
+1.36% |
| 2023-12-31 | CN¥618.15 Million ≈ $90.45 Million |
-1.75% |
| 2022-12-31 | CN¥629.18 Million ≈ $92.07 Million |
+1.38% |
| 2021-12-31 | CN¥620.63 Million ≈ $90.82 Million |
-2.30% |
| 2020-12-31 | CN¥635.22 Million ≈ $92.95 Million |
-2.34% |
| 2019-12-31 | CN¥650.46 Million ≈ $95.18 Million |
+5.54% |
| 2018-12-31 | CN¥616.32 Million ≈ $90.19 Million |
+3.96% |
| 2017-12-31 | CN¥592.85 Million ≈ $86.75 Million |
+2.70% |
| 2016-12-31 | CN¥577.25 Million ≈ $84.47 Million |
+3.10% |
| 2015-12-31 | CN¥559.87 Million ≈ $81.93 Million |
+5.01% |
| 2014-12-31 | CN¥533.14 Million ≈ $78.01 Million |
+3.76% |
| 2013-12-31 | CN¥513.81 Million ≈ $75.19 Million |
+5.40% |
| 2012-12-31 | CN¥487.48 Million ≈ $71.33 Million |
+104.76% |
| 2011-12-31 | CN¥238.07 Million ≈ $34.84 Million |
+28.54% |
| 2010-12-31 | CN¥185.21 Million ≈ $27.10 Million |
+29.68% |
| 2009-12-31 | CN¥142.82 Million ≈ $20.90 Million |
+44.88% |
| 2008-12-31 | CN¥98.58 Million ≈ $14.43 Million |
+71.36% |
| 2007-12-31 | CN¥57.53 Million ≈ $8.42 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 536.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥262.69 Million | 41.44% |
| Other Components | CN¥371.26 Million | 58.56% |
| Total Equity | CN¥633.95 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 |
|---|---|
|
Indonesian Paradise Property
JK:INPP
|
$465.21 Million |
|
Joyware Electronics Co Ltd
SHE:300270
|
$465.26 Million |
|
Prisma Properties
ST:PRISMA
|
$465.36 Million |
|
Chang Lan Electric Technology Co Ltd
SHE:002879
|
$465.40 Million |
|
Luxfer Holdings PLC
NYSE:LXFR
|
$465.05 Million |
|
Wirtualna Polska Holding SA
WAR:WPL
|
$464.63 Million |
|
Guangdong Qunxing Toys Joint-Stock Co Ltd
SHE:002575
|
$464.60 Million |
|
Shenzhen Ellassay Fashion Co
SHG:603808
|
$464.49 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 2024 to 2025, total equity changed from 626,546,348 to 633,948,867, a change of 7,402,519 (1.2%).
- Net income of 11,220,917 contributed positively to equity growth.
- Dividend payments of 3,818,399 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥11.22 Million | +1.77% |
| Dividends Paid | CN¥3.82 Million | -0.6% |
| Other Changes | CN¥0.94 | +0.0% |
| Total Change | CN¥- | 1.18% |
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: 5.01x
- 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 28.59x to 5.01x 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¥35.80 | x |
| 2008-12-31 | CN¥1.71 | CN¥35.80 | x |
| 2009-12-31 | CN¥2.28 | CN¥35.80 | x |
| 2010-12-31 | CN¥2.78 | CN¥35.80 | x |
| 2011-12-31 | CN¥3.57 | CN¥35.80 | x |
| 2012-12-31 | CN¥6.13 | CN¥35.80 | x |
| 2013-12-31 | CN¥5.73 | CN¥35.80 | x |
| 2014-12-31 | CN¥6.00 | CN¥35.80 | x |
| 2015-12-31 | CN¥6.31 | CN¥35.80 | x |
| 2016-12-31 | CN¥6.50 | CN¥35.80 | x |
| 2017-12-31 | CN¥6.68 | CN¥35.80 | x |
| 2018-12-31 | CN¥6.94 | CN¥35.80 | x |
| 2019-12-31 | CN¥7.32 | CN¥35.80 | x |
| 2020-12-31 | CN¥7.15 | CN¥35.80 | x |
| 2021-12-31 | CN¥6.98 | CN¥35.80 | x |
| 2022-12-31 | CN¥7.08 | CN¥35.80 | x |
| 2023-12-31 | CN¥6.96 | CN¥35.80 | x |
| 2024-12-31 | CN¥7.06 | CN¥35.80 | x |
| 2025-12-31 | CN¥7.14 | CN¥35.80 | 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): 1.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.82%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.11x
- Recent ROE (1.77%) is below the historical average (9.57%), 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 |
| 2025 | 1.77% | 2.82% | 0.56x | 1.11x | CN¥-52.17 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: $2,902,388,248
- Average return on equity (ROE) among peers: 8.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Tongda Island New Materials Co Ltd (300321) | CN¥634.97 Million | 39.54% | 0.09x | $465.19 Million |
| Wuxi Double Elephant Micro Fibre Material Co Ltd (002395) | $859.35 Million | -5.29% | 1.37x | $487.85 Million |
| Anhui ANLI Artificial Leather (300218) | $206.29 Million | 23.48% | 1.64x | $393.41 Million |
| Anhui Korrun Co Ltd (300577) | $1.73 Billion | 10.40% | 1.03x | $701.91 Million |
| Guangdong Wanlima Industry Co Ltd (300591) | $576.44 Million | -36.87% | 0.65x | $394.76 Million |
| Zhejiang Zoenn Design Co Ltd (300901) | $990.93 Million | 0.39% | 0.23x | $625.83 Million |
| Huali Industrial Group Company Limited (300979) | $16.25 Billion | 19.73% | 0.38x | $5.53 Billion |
| Zhejiang China Commodities City Group Co Ltd (600415) | $847.59 Million | 12.18% | 3.50x | $9.48 Billion |
| Zhejiang Aokang Shoes Co Ltd (603001) | $1.18 Billion | 38.83% | 1.01x | $611.99 Million |
| Zhejiang Red Dragonfly Footwear Co Ltd (603116) | $3.48 Billion | 10.96% | 0.33x | $556.49 Million |
About 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 footwear materials, sofa furniture, electronic products, sportswear equipment, engineering decoration, automotive interiors, handbags, clothing, an… Read more