Shenzhen Tongyi Industry Co Ltd (300538) - Net Assets
Based on the latest financial reports, Shenzhen Tongyi Industry Co Ltd (300538) has net assets worth CN¥976.90 Million CNY (≈ $142.95 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¥2.25 Billion ≈ $329.47 Million USD) and total liabilities (CN¥1.27 Billion ≈ $186.52 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 300538 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥976.90 Million |
| % of Total Assets | 43.39% |
| Annual Growth Rate | 23.61% |
| 5-Year Change | 104.23% |
| 10-Year Change | 411.46% |
| Growth Volatility | 39.31 |
Shenzhen Tongyi Industry Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Shenzhen Tongyi Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Shenzhen Tongyi Industry Co Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Shenzhen Tongyi Industry Co Ltd (2011–2024)
The table below shows the annual net assets of Shenzhen Tongyi Industry Co Ltd from 2011 to 2024. For live valuation and market cap data, see Shenzhen Tongyi Industry Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥971.46 Million ≈ $142.16 Million |
-10.49% |
| 2023-12-31 | CN¥1.09 Billion ≈ $158.82 Million |
+3.34% |
| 2022-12-31 | CN¥1.05 Billion ≈ $153.69 Million |
+0.82% |
| 2021-12-31 | CN¥1.04 Billion ≈ $152.44 Million |
+119.01% |
| 2020-12-31 | CN¥475.66 Million ≈ $69.60 Million |
+2.25% |
| 2019-12-31 | CN¥465.20 Million ≈ $68.07 Million |
+7.33% |
| 2018-12-31 | CN¥433.42 Million ≈ $63.42 Million |
+9.04% |
| 2017-12-31 | CN¥397.47 Million ≈ $58.16 Million |
+2.18% |
| 2016-12-31 | CN¥388.99 Million ≈ $56.92 Million |
+104.80% |
| 2015-12-31 | CN¥189.94 Million ≈ $27.79 Million |
+20.06% |
| 2014-12-31 | CN¥158.20 Million ≈ $23.15 Million |
+17.81% |
| 2013-12-31 | CN¥134.28 Million ≈ $19.65 Million |
+43.09% |
| 2012-12-31 | CN¥93.85 Million ≈ $13.73 Million |
+52.01% |
| 2011-12-31 | CN¥61.74 Million ≈ $9.03 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Tongyi Industry 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 115.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥76.69 Million | 8.01% |
| Other Components | CN¥880.33 Million | 91.99% |
| Total Equity | CN¥957.02 Million | 100.00% |
Shenzhen Tongyi Industry Co Ltd Competitors by Market Cap
The table below lists competitors of Shenzhen Tongyi Industry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhongyan Technology Co Ltd
SHE:003001
|
$434.99 Million |
|
AdvanSix Inc
NYSE:ASIX
|
$435.20 Million |
|
China United Travel Co Ltd
SHG:600358
|
$435.20 Million |
|
Salmones Camanchaca S.A
SN:SALMOCAM
|
$435.31 Million |
|
Orion Group Holdings Inc
NYSE:ORN
|
$434.90 Million |
|
Chen Ke Ming Food Manufacturing Co Ltd
SHE:002661
|
$434.84 Million |
|
Hangzhou Todaytec Digital Co Ltd Class A
SHE:300743
|
$434.80 Million |
|
ROPEOK Technology Group Co Ltd
SHG:688619
|
$434.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Tongyi Industry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,067,720,081 to 957,018,561, a change of -110,701,520 (-10.4%).
- Net loss of 95,519,106 reduced equity.
- Dividend payments of 33,411,925 reduced retained earnings.
- Other factors increased equity by 18,229,511.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-95.52 Million | -9.98% |
| Dividends Paid | CN¥33.41 Million | -3.49% |
| Other Changes | CN¥18.23 Million | +1.9% |
| Total Change | CN¥- | -10.37% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Tongyi Industry 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: 3.11x
- 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 6.27x to 3.11x 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¥2.61 | CN¥16.34 | x |
| 2018-12-31 | CN¥2.80 | CN¥16.34 | x |
| 2019-12-31 | CN¥2.99 | CN¥16.34 | x |
| 2020-12-31 | CN¥3.04 | CN¥16.34 | x |
| 2021-12-31 | CN¥5.64 | CN¥16.34 | x |
| 2022-12-31 | CN¥5.69 | CN¥16.34 | x |
| 2023-12-31 | CN¥5.87 | CN¥16.34 | x |
| 2024-12-31 | CN¥5.26 | CN¥16.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Tongyi Industry 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): -9.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.11%
- • Asset Turnover: 1.41x
- • Equity Multiplier: 2.28x
- Recent ROE (-9.98%) is below the historical average (4.61%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 22.24% | 4.93% | 2.35x | 1.92x | CN¥23.25 Million |
| 2016 | 7.18% | 3.32% | 1.60x | 1.35x | CN¥-10.99 Million |
| 2017 | 4.64% | 1.83% | 1.77x | 1.43x | CN¥-21.31 Million |
| 2018 | 7.16% | 2.35% | 2.09x | 1.46x | CN¥-12.06 Million |
| 2019 | 8.68% | 2.21% | 1.96x | 2.01x | CN¥-6.00 Million |
| 2020 | 4.85% | 1.01% | 2.61x | 1.84x | CN¥-23.78 Million |
| 2021 | -2.57% | -0.90% | 1.47x | 1.93x | CN¥-129.02 Million |
| 2022 | 1.48% | 0.56% | 1.28x | 2.05x | CN¥-88.22 Million |
| 2023 | 2.44% | 0.80% | 1.40x | 2.19x | CN¥-80.73 Million |
| 2024 | -9.98% | -3.11% | 1.41x | 2.28x | CN¥-191.22 Million |
Industry Comparison
This section compares Shenzhen Tongyi Industry Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $6,515,935,693
- Average return on equity (ROE) among peers: 10.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Tongyi Industry Co Ltd (300538) | CN¥976.90 Million | 22.24% | 1.30x | $434.98 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $672.68 Million | 30.27% | 1.18x | $499.34 Million |
| Hengyi Petrochemical Co Ltd (000703) | $7.37 Billion | 5.79% | 2.23x | $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) | $18.07 Billion | 25.56% | 0.78x | $4.75 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $5.03 Billion | 8.31% | 0.10x | $8.45 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.06 Billion | 0.44% | 0.74x | $1.19 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $12.51 Billion | 8.46% | 0.45x | $1.65 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $1.89 Billion | 14.40% | 0.47x | $582.05 Million |
| Zhejiang Transfar Co Ltd (002010) | $12.50 Billion | 3.75% | 0.93x | $2.36 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $4.96 Billion | 3.24% | 2.27x | $605.40 Million |
About Shenzhen Tongyi Industry Co Ltd
Shenzhen Tongyi Industry Co., Ltd. provides chemical and electronic materials in China, the United States, India, and internationally. Its products are used in mobile phones and terminals, consumer electronics, smart home appliances, automobiles, new energy, 5G industry, and chips and display panels. The company was incorporated in 2002 and is based in Shenzhen, China.