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¥633.76 Million CNY (≈ $92.74 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¥677.80 Million ≈ $99.18 Million USD) and total liabilities (CN¥44.05 Million ≈ $6.45 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 resilient are Shandong Tongda Island New Materials Co 's assets to evaluate the company's liquid asset resilience ratio.
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. Also explore Shandong Tongda Island New Materials Co (300321) total assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see 300321 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 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 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 |
|---|---|
|
Huchems
KO:069260
|
$491.20 Million |
|
Paisalo Digital Limited
NSE:PAISALO
|
$491.22 Million |
|
Shenzhen Zhilai Sci and Tech Co Ltd
SHE:300771
|
$491.67 Million |
|
SML Isuzu Limited
NSE:SMLISUZU
|
$491.77 Million |
|
Verastem Inc
NASDAQ:VSTM
|
$491.00 Million |
|
Fulgent Sun International Holding Co Ltd
TW:9802
|
$490.76 Million |
|
WIA Gold Ltd
AU:WIA
|
$490.70 Million |
|
Shoe Carnival Inc
NASDAQ:SCVL
|
$490.61 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: 5.36x
- 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 30.19x to 5.36x 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¥37.80 | x |
| 2008-12-31 | CN¥1.71 | CN¥37.80 | x |
| 2009-12-31 | CN¥2.28 | CN¥37.80 | x |
| 2010-12-31 | CN¥2.78 | CN¥37.80 | x |
| 2011-12-31 | CN¥3.57 | CN¥37.80 | x |
| 2012-12-31 | CN¥6.13 | CN¥37.80 | x |
| 2013-12-31 | CN¥5.73 | CN¥37.80 | x |
| 2014-12-31 | CN¥6.00 | CN¥37.80 | x |
| 2015-12-31 | CN¥6.31 | CN¥37.80 | x |
| 2016-12-31 | CN¥6.50 | CN¥37.80 | x |
| 2017-12-31 | CN¥6.68 | CN¥37.80 | x |
| 2018-12-31 | CN¥6.94 | CN¥37.80 | x |
| 2019-12-31 | CN¥7.32 | CN¥37.80 | x |
| 2020-12-31 | CN¥7.15 | CN¥37.80 | x |
| 2021-12-31 | CN¥6.99 | CN¥37.80 | x |
| 2022-12-31 | CN¥7.09 | CN¥37.80 | x |
| 2023-12-31 | CN¥6.96 | CN¥37.80 | x |
| 2024-12-31 | CN¥7.06 | CN¥37.80 | 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): 1.34%
- 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: $2,033,435,744
- Average return on equity (ROE) among peers: 11.46%
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 | $491.18 Million |
| Wuxi Double Elephant Micro Fibre Material Co Ltd (002395) | $914.84 Million | 6.04% | 1.48x | $791.62 Million |
| Anhui ANLI Artificial Leather (300218) | $277.39 Million | 25.56% | 1.55x | $485.17 Million |
| Anhui Korrun Co Ltd (300577) | $1.73 Billion | 10.40% | 1.03x | $744.03 Million |
| Guangdong Wanlima Industry Co Ltd (300591) | $281.05 Million | 13.17% | 1.53x | $470.15 Million |
| Zhejiang Zoenn Design Co Ltd (300901) | $375.86 Million | 29.05% | 0.28x | $562.26 Million |
| Huali Industrial Group Company Limited (300979) | $5.74 Billion | 32.72% | 0.70x | $6.51 Billion |
| Zhejiang Aokang Shoes Co Ltd (603001) | $3.72 Billion | 7.37% | 0.28x | $482.90 Million |
| Zhejiang Red Dragonfly Footwear Co Ltd (603116) | $3.54 Billion | 5.54% | 0.32x | $549.74 Million |
| Topscore Fashion (603608) | $1.72 Billion | -26.74% | 0.56x | $808.87 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 shoe materials, sofa furniture, electronic products, sportswear equipment, engineering decoration, automotive interiors, handbags, clothing, and ot… Read more