Changzhou Tronly New Electronic Materials Co Ltd (300429) - Net Assets
Based on the latest financial reports, Changzhou Tronly New Electronic Materials Co Ltd (300429) has net assets worth CN¥1.87 Billion CNY (≈ $273.30 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.42 Billion ≈ $500.32 Million USD) and total liabilities (CN¥1.55 Billion ≈ $227.02 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 Changzhou Tronly New Electronic Material (300429) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.87 Billion |
| % of Total Assets | 54.63% |
| Annual Growth Rate | 24.08% |
| 5-Year Change | -5.46% |
| 10-Year Change | 212.51% |
| Growth Volatility | 35.13 |
Changzhou Tronly New Electronic Materials Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Changzhou Tronly New Electronic Materials Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Changzhou Tronly New Electronic Material balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Changzhou Tronly New Electronic Materials Co Ltd (2011–2024)
The table below shows the annual net assets of Changzhou Tronly New Electronic Materials Co Ltd from 2011 to 2024. For live valuation and market cap data, see Changzhou Tronly New Electronic Material (300429) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.88 Billion ≈ $275.55 Million |
-0.09% |
| 2023-12-31 | CN¥1.88 Billion ≈ $275.81 Million |
-2.76% |
| 2022-12-31 | CN¥1.94 Billion ≈ $283.64 Million |
-6.87% |
| 2021-12-31 | CN¥2.08 Billion ≈ $304.55 Million |
+4.49% |
| 2020-12-31 | CN¥1.99 Billion ≈ $291.45 Million |
+14.56% |
| 2019-12-31 | CN¥1.74 Billion ≈ $254.42 Million |
+5.72% |
| 2018-12-31 | CN¥1.64 Billion ≈ $240.64 Million |
+47.30% |
| 2017-12-31 | CN¥1.12 Billion ≈ $163.37 Million |
+16.05% |
| 2016-12-31 | CN¥961.99 Million ≈ $140.77 Million |
+59.65% |
| 2015-12-31 | CN¥602.57 Million ≈ $88.17 Million |
+129.16% |
| 2014-12-31 | CN¥262.94 Million ≈ $38.48 Million |
+28.87% |
| 2013-12-31 | CN¥204.04 Million ≈ $29.86 Million |
+29.27% |
| 2012-12-31 | CN¥157.84 Million ≈ $23.10 Million |
+38.53% |
| 2011-12-31 | CN¥113.93 Million ≈ $16.67 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Changzhou Tronly New Electronic 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 4674.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥427.34 Million | 22.70% |
| Other Components | CN¥1.45 Billion | 77.30% |
| Total Equity | CN¥1.88 Billion | 100.00% |
Changzhou Tronly New Electronic Materials Co Ltd Competitors by Market Cap
The table below lists competitors of Changzhou Tronly New Electronic Materials Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chimera Investment Corporation
NYSE:CIM
|
$1.11 Billion |
|
Zhejiang Great Southeast Co Ltd
SHE:002263
|
$1.11 Billion |
|
Rimon Consulting & Management Services Ltd
TA:RMON
|
$1.11 Billion |
|
Jiangsu Riying Electns Co Ltd
SHG:603286
|
$1.11 Billion |
|
Zhenjiang Dongfang Electric Heat
SHE:300217
|
$1.11 Billion |
|
SANDUR MANGANESE AND IRON ORES LTD
NSE:SANDUMA
|
$1.11 Billion |
|
Critical Metals Corp. Ordinary Shares
NASDAQ:CRML
|
$1.11 Billion |
|
MillerKnoll Inc
NASDAQ:MLKN
|
$1.11 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Changzhou Tronly New Electronic Materials Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,874,993,857 to 1,882,167,202, a change of 7,173,344 (0.4%).
- Net loss of 181,693,030 reduced equity.
- Dividend payments of 31,890,549 reduced retained earnings.
- Other factors increased equity by 220,756,923.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-181.69 Million | -9.65% |
| Dividends Paid | CN¥31.89 Million | -1.69% |
| Other Changes | CN¥220.76 Million | +11.73% |
| Total Change | CN¥- | 0.38% |
Book Value vs Market Value Analysis
This analysis compares Changzhou Tronly New Electronic 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: 4.02x
- 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 6.50x to 4.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥2.17 | CN¥14.11 | x |
| 2018-12-31 | CN¥3.03 | CN¥14.11 | x |
| 2019-12-31 | CN¥3.25 | CN¥14.11 | x |
| 2020-12-31 | CN¥3.75 | CN¥14.11 | x |
| 2021-12-31 | CN¥3.93 | CN¥14.11 | x |
| 2022-12-31 | CN¥3.73 | CN¥14.11 | x |
| 2023-12-31 | CN¥3.64 | CN¥14.11 | x |
| 2024-12-31 | CN¥3.51 | CN¥14.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Changzhou Tronly New Electronic 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): -9.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -19.66%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.82x
- Recent ROE (-9.65%) is below the historical average (11.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 29.15% | 17.67% | 1.11x | 1.49x | CN¥21.79 Million |
| 2012 | 27.90% | 21.46% | 0.87x | 1.49x | CN¥28.25 Million |
| 2013 | 28.19% | 24.50% | 0.86x | 1.34x | CN¥36.95 Million |
| 2014 | 25.93% | 24.67% | 0.75x | 1.41x | CN¥41.77 Million |
| 2015 | 14.37% | 25.87% | 0.51x | 1.09x | CN¥26.33 Million |
| 2016 | 12.06% | 26.39% | 0.40x | 1.13x | CN¥19.85 Million |
| 2017 | 11.93% | 19.78% | 0.50x | 1.21x | CN¥20.48 Million |
| 2018 | 9.38% | 19.83% | 0.39x | 1.21x | CN¥-9.63 Million |
| 2019 | 8.99% | 17.43% | 0.41x | 1.26x | CN¥-16.92 Million |
| 2020 | 4.80% | 11.96% | 0.26x | 1.56x | CN¥-100.43 Million |
| 2021 | 5.66% | 11.06% | 0.30x | 1.73x | CN¥-87.90 Million |
| 2022 | -4.82% | -10.40% | 0.24x | 1.94x | CN¥-284.83 Million |
| 2023 | -2.45% | -5.76% | 0.21x | 2.02x | CN¥-233.38 Million |
| 2024 | -9.65% | -19.66% | 0.27x | 1.82x | CN¥-369.91 Million |
Industry Comparison
This section compares Changzhou Tronly New Electronic Materials Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $4,145,101,575
- Average return on equity (ROE) among peers: 2.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Changzhou Tronly New Electronic Materials Co Ltd (300429) | CN¥1.87 Billion | 29.15% | 0.83x | $1.11 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $420.42 Million | 6.58% | 1.35x | $499.34 Million |
| Hengyi Petrochemical Co Ltd (000703) | $90.42 Million | 27.06% | 0.87x | $9.30 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.09 Billion | 0.96% | 1.41x | $741.46 Million |
| Luxi Chemical Group Co Ltd (000830) | $17.46 Billion | 18.08% | 0.97x | $4.75 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $2.74 Billion | 9.31% | 0.09x | $8.45 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.39 Billion | 0.45% | 0.38x | $1.19 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $1.57 Billion | -90.11% | 2.59x | $1.65 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $198.24 Million | 18.03% | 1.03x | $582.05 Million |
| Zhejiang Transfar Co Ltd (002010) | $16.39 Billion | 9.78% | 0.86x | $2.36 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $107.09 Million | 21.41% | 1.19x | $605.40 Million |
About Changzhou Tronly New Electronic Materials Co Ltd
Changzhou Tronly New Electronic Materials Co., Ltd. engages in the research, development, manufacture, and sale of electronic special materials and plastic products in China and internationally. It offers bisimidazole photoinitiator used in dry film and solder resist ink for the manufacture of PCB, as well as other UV curing formulation systems; oxime ester photoinitiator use in RGB and BM photor… Read more