Shijiazhuang Tonhe Electronics Technologies Co Ltd (300491) - Net Assets
Based on the latest financial reports, Shijiazhuang Tonhe Electronics Technologies Co Ltd (300491) has net assets worth CN¥1.18 Billion CNY (≈ $172.21 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¥2.29 Billion ≈ $335.29 Million USD) and total liabilities (CN¥1.11 Billion ≈ $163.08 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 Shijiazhuang Tonhe Electronics Technolog (300491) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.18 Billion |
| % of Total Assets | 51.36% |
| Annual Growth Rate | 24.64% |
| 5-Year Change | 63.95% |
| 10-Year Change | 188.09% |
| Growth Volatility | 35.49 |
Shijiazhuang Tonhe Electronics Technologies Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Shijiazhuang Tonhe Electronics Technologies Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Shijiazhuang Tonhe Electronics Technolog for the complete picture of this company's asset base.
Annual Net Assets for Shijiazhuang Tonhe Electronics Technologies Co Ltd (2011–2024)
The table below shows the annual net assets of Shijiazhuang Tonhe Electronics Technologies Co Ltd from 2011 to 2024. For live valuation and market cap data, see 300491 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.14 Billion ≈ $166.76 Million |
+2.05% |
| 2023-12-31 | CN¥1.12 Billion ≈ $163.40 Million |
+10.35% |
| 2022-12-31 | CN¥1.01 Billion ≈ $148.08 Million |
+4.42% |
| 2021-12-31 | CN¥969.05 Million ≈ $141.80 Million |
+39.41% |
| 2020-12-31 | CN¥695.09 Million ≈ $101.71 Million |
+2.74% |
| 2019-12-31 | CN¥676.55 Million ≈ $99.00 Million |
+63.51% |
| 2018-12-31 | CN¥413.76 Million ≈ $60.55 Million |
-4.04% |
| 2017-12-31 | CN¥431.18 Million ≈ $63.09 Million |
+4.04% |
| 2016-12-31 | CN¥414.44 Million ≈ $60.65 Million |
+4.77% |
| 2015-12-31 | CN¥395.57 Million ≈ $57.88 Million |
+118.84% |
| 2014-12-31 | CN¥180.76 Million ≈ $26.45 Million |
+19.70% |
| 2013-12-31 | CN¥151.01 Million ≈ $22.10 Million |
+31.72% |
| 2012-12-31 | CN¥114.65 Million ≈ $16.78 Million |
+76.34% |
| 2011-12-31 | CN¥65.02 Million ≈ $9.51 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shijiazhuang Tonhe Electronics Technologies 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 429.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥304.68 Million | 26.74% |
| Common Stock | CN¥174.74 Million | 15.33% |
| Other Comprehensive Income | CN¥58.22 Million | 5.11% |
| Other Components | CN¥601.94 Million | 52.82% |
| Total Equity | CN¥1.14 Billion | 100.00% |
Shijiazhuang Tonhe Electronics Technologies Co Ltd Competitors by Market Cap
The table below lists competitors of Shijiazhuang Tonhe Electronics Technologies Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arjo AB (publ)
ST:ARJO-B
|
$662.98 Million |
|
Flexium Interconnect Inc
TW:6269
|
$663.11 Million |
|
China Haisum Engineering Co Ltd
SHE:002116
|
$663.20 Million |
|
TPG RE Finance Trust Inc
NYSE:TRTX
|
$663.30 Million |
|
Sam Engineering Equipment
KLSE:9822
|
$662.88 Million |
|
Granite Ridge Resources Inc
NYSE:GRNT
|
$662.82 Million |
|
Laan & Spar Bank AS
CO:LASP
|
$662.62 Million |
|
Hanwang Technology Co Ltd
SHE:002362
|
$662.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shijiazhuang Tonhe Electronics Technologies Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,116,660,223 to 1,139,586,332, a change of 22,926,109 (2.1%).
- Net income of 23,940,677 contributed positively to equity growth.
- Dividend payments of 28,076,336 reduced retained earnings.
- Other comprehensive income increased equity by 13,240,072.
- Other factors increased equity by 13,821,696.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥23.94 Million | +2.1% |
| Dividends Paid | CN¥28.08 Million | -2.46% |
| Other Comprehensive Income | CN¥13.24 Million | +1.16% |
| Other Changes | CN¥13.82 Million | +1.21% |
| Total Change | CN¥- | 2.05% |
Book Value vs Market Value Analysis
This analysis compares Shijiazhuang Tonhe Electronics Technologies 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: 3.87x
- 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 42.75x to 3.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.60 | CN¥25.79 | x |
| 2012-12-31 | CN¥1.06 | CN¥25.79 | x |
| 2013-12-31 | CN¥1.41 | CN¥25.79 | x |
| 2014-12-31 | CN¥1.67 | CN¥25.79 | x |
| 2015-12-31 | CN¥3.65 | CN¥25.79 | x |
| 2016-12-31 | CN¥2.83 | CN¥25.79 | x |
| 2017-12-31 | CN¥2.82 | CN¥25.79 | x |
| 2018-12-31 | CN¥2.92 | CN¥25.79 | x |
| 2019-12-31 | CN¥4.21 | CN¥25.79 | x |
| 2020-12-31 | CN¥4.32 | CN¥25.79 | x |
| 2021-12-31 | CN¥5.95 | CN¥25.79 | x |
| 2022-12-31 | CN¥5.83 | CN¥25.79 | x |
| 2023-12-31 | CN¥6.42 | CN¥25.79 | x |
| 2024-12-31 | CN¥6.66 | CN¥25.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shijiazhuang Tonhe Electronics Technologies 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: 1.98%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.87x
- Recent ROE (2.10%) is below the historical average (11.56%), 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 | 38.17% | 29.87% | 1.06x | 1.20x | CN¥18.32 Million |
| 2012 | 29.77% | 30.67% | 0.72x | 1.34x | CN¥22.67 Million |
| 2013 | 24.08% | 27.06% | 0.66x | 1.36x | CN¥21.26 Million |
| 2014 | 20.61% | 24.83% | 0.60x | 1.39x | CN¥19.17 Million |
| 2015 | 10.80% | 23.04% | 0.35x | 1.33x | CN¥3.18 Million |
| 2016 | 9.90% | 18.43% | 0.39x | 1.36x | CN¥-405.87K |
| 2017 | 2.49% | 4.94% | 0.36x | 1.40x | CN¥-32.40 Million |
| 2018 | -3.42% | -8.74% | 0.31x | 1.25x | CN¥-55.54 Million |
| 2019 | 4.44% | 10.84% | 0.32x | 1.27x | CN¥-37.65 Million |
| 2020 | 5.97% | 12.94% | 0.34x | 1.34x | CN¥-28.01 Million |
| 2021 | 3.36% | 7.72% | 0.33x | 1.32x | CN¥-64.27 Million |
| 2022 | 4.39% | 6.94% | 0.41x | 1.54x | CN¥-56.75 Million |
| 2023 | 9.19% | 10.17% | 0.51x | 1.78x | CN¥-9.09 Million |
| 2024 | 2.10% | 1.98% | 0.57x | 1.87x | CN¥-90.02 Million |
Industry Comparison
This section compares Shijiazhuang Tonhe Electronics Technologies 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 |
|---|---|---|---|---|
| Shijiazhuang Tonhe Electronics Technologies Co Ltd (300491) | CN¥1.18 Billion | 38.17% | 0.95x | $662.97 Million |
| 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 Shijiazhuang Tonhe Electronics Technologies Co Ltd
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. engages in the research and development, production, sale, and service of power electronics industry products in China and internationally. The company offers smart grid products, such as DC power system, AIDC data center DC power supply solution, communication power supply, distribution automation terminal power supply, fire power supply, unin… Read more