Qingdao Tianneng Heavy Industries Co Ltd (300569) - Net Assets
Based on the latest financial reports, Qingdao Tianneng Heavy Industries Co Ltd (300569) has net assets worth CN¥5.35 Billion CNY (≈ $782.28 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¥12.48 Billion ≈ $1.83 Billion USD) and total liabilities (CN¥7.13 Billion ≈ $1.04 Billion 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 Qingdao Tianneng Heavy Industries Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.35 Billion |
| % of Total Assets | 42.84% |
| Annual Growth Rate | 24.29% |
| 5-Year Change | 115.61% |
| 10-Year Change | 707.3% |
| Growth Volatility | 38.26 |
Qingdao Tianneng Heavy Industries Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Qingdao Tianneng Heavy Industries Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 300569 asset base for the complete picture of this company's asset base.
Annual Net Assets for Qingdao Tianneng Heavy Industries Co Ltd (2011–2024)
The table below shows the annual net assets of Qingdao Tianneng Heavy Industries Co Ltd from 2011 to 2024. For live valuation and market cap data, see 300569 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥5.31 Billion ≈ $776.66 Million |
-6.93% |
| 2023-12-31 | CN¥5.70 Billion ≈ $834.46 Million |
+41.07% |
| 2022-12-31 | CN¥4.04 Billion ≈ $591.51 Million |
+6.10% |
| 2021-12-31 | CN¥3.81 Billion ≈ $557.50 Million |
+54.77% |
| 2020-12-31 | CN¥2.46 Billion ≈ $360.21 Million |
+16.44% |
| 2019-12-31 | CN¥2.11 Billion ≈ $309.35 Million |
+15.39% |
| 2018-12-31 | CN¥1.83 Billion ≈ $268.10 Million |
+7.06% |
| 2017-12-31 | CN¥1.71 Billion ≈ $250.42 Million |
+4.69% |
| 2016-12-31 | CN¥1.63 Billion ≈ $239.21 Million |
+148.65% |
| 2015-12-31 | CN¥657.44 Million ≈ $96.20 Million |
+37.26% |
| 2014-12-31 | CN¥478.99 Million ≈ $70.09 Million |
+18.96% |
| 2013-12-31 | CN¥402.64 Million ≈ $58.92 Million |
+11.44% |
| 2012-12-31 | CN¥361.29 Million ≈ $52.87 Million |
+15.01% |
| 2011-12-31 | CN¥314.14 Million ≈ $45.97 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Qingdao Tianneng Heavy Industries 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 2236.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.38 Billion | 26.25% |
| Common Stock | CN¥1.02 Billion | 19.39% |
| Other Components | CN¥2.87 Billion | 54.36% |
| Total Equity | CN¥5.27 Billion | 100.00% |
Qingdao Tianneng Heavy Industries Co Ltd Competitors by Market Cap
The table below lists competitors of Qingdao Tianneng Heavy Industries Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fuda Alloy Materials Co Ltd
SHG:603045
|
$925.19 Million |
|
HYDROGRAPH CLEAN POWER
F:M98
|
$925.28 Million |
|
Jiangsu Hongdou Industrial Co Ltd
SHG:600400
|
$925.43 Million |
|
Lucky Film Co Ltd
SHG:600135
|
$925.44 Million |
|
QITIAN Technology Group Co Ltd
SHE:300061
|
$924.78 Million |
|
Yutong Heavy Industries Co Ltd
SHG:600817
|
$924.76 Million |
|
King-Strong New Material Technology Co Ltd
SHE:300629
|
$924.56 Million |
|
TOA PAINT (THAILAND)
BK:TOA-R
|
$924.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qingdao Tianneng Heavy Industries Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,670,435,683 to 5,273,820,165, a change of -396,615,518 (-7.0%).
- Net loss of 261,506,333 reduced equity.
- Dividend payments of 179,853,423 reduced retained earnings.
- Share repurchases of 60,304,198 reduced equity.
- Other factors increased equity by 105,048,436.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-261.51 Million | -4.96% |
| Dividends Paid | CN¥179.85 Million | -3.41% |
| Share Repurchases | CN¥60.30 Million | -1.14% |
| Other Changes | CN¥105.05 Million | +1.99% |
| Total Change | CN¥- | -6.99% |
Book Value vs Market Value Analysis
This analysis compares Qingdao Tianneng Heavy Industries 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: 1.20x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 9.54x to 1.20x 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¥0.65 | CN¥6.18 | x |
| 2012-12-31 | CN¥0.73 | CN¥6.18 | x |
| 2013-12-31 | CN¥0.81 | CN¥6.18 | x |
| 2014-12-31 | CN¥0.96 | CN¥6.18 | x |
| 2015-12-31 | CN¥1.31 | CN¥6.18 | x |
| 2016-12-31 | CN¥3.21 | CN¥6.18 | x |
| 2017-12-31 | CN¥2.58 | CN¥6.18 | x |
| 2018-12-31 | CN¥2.70 | CN¥6.18 | x |
| 2019-12-31 | CN¥3.06 | CN¥6.18 | x |
| 2020-12-31 | CN¥3.59 | CN¥6.18 | x |
| 2021-12-31 | CN¥4.93 | CN¥6.18 | x |
| 2022-12-31 | CN¥4.97 | CN¥6.18 | x |
| 2023-12-31 | CN¥6.19 | CN¥6.18 | x |
| 2024-12-31 | CN¥5.16 | CN¥6.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qingdao Tianneng Heavy Industries 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): -4.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.99%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 2.27x
- Recent ROE (-4.96%) is below the historical average (10.05%), 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 | 6.76% | 4.86% | 0.59x | 2.35x | CN¥-10.17 Million |
| 2012 | 10.78% | 8.24% | 0.56x | 2.33x | CN¥2.75 Million |
| 2013 | 10.01% | 6.77% | 0.51x | 2.89x | CN¥45.00K |
| 2014 | 15.83% | 7.70% | 0.83x | 2.48x | CN¥27.10 Million |
| 2015 | 27.08% | 17.05% | 0.71x | 2.23x | CN¥108.86 Million |
| 2016 | 10.64% | 17.83% | 0.46x | 1.30x | CN¥10.24 Million |
| 2017 | 5.71% | 12.95% | 0.30x | 1.48x | CN¥-71.95 Million |
| 2018 | 5.82% | 7.34% | 0.43x | 1.86x | CN¥-73.54 Million |
| 2019 | 13.11% | 10.94% | 0.42x | 2.83x | CN¥63.98 Million |
| 2020 | 17.64% | 12.48% | 0.45x | 3.14x | CN¥185.17 Million |
| 2021 | 12.06% | 11.15% | 0.41x | 2.62x | CN¥77.87 Million |
| 2022 | 5.73% | 5.49% | 0.37x | 2.79x | CN¥-170.72 Million |
| 2023 | 4.43% | 5.94% | 0.33x | 2.26x | CN¥-315.59 Million |
| 2024 | -4.96% | -7.99% | 0.27x | 2.27x | CN¥-788.89 Million |
Industry Comparison
This section compares Qingdao Tianneng Heavy Industries Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $2,004,947,424
- Average return on equity (ROE) among peers: -24.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qingdao Tianneng Heavy Industries Co Ltd (300569) | CN¥5.35 Billion | 6.76% | 1.33x | $924.87 Million |
| Huayi Compressor Co Ltd (000404) | $4.89 Billion | 8.55% | 1.57x | $843.29 Million |
| Shenyang Machine Tool Co Ltd (000410) | $824.03 Million | -170.30% | 29.09x | $2.39 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $319.51 Million | 4.81% | 0.48x | $3.61 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $3.45 Billion | 2.58% | 0.60x | $520.37 Million |
| Changchai Co Ltd (000570) | $3.36 Billion | 2.28% | 0.55x | $522.04 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $327.45 Million | -65.69% | 8.93x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $746.32 Million | -18.39% | 0.62x | $1.06 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $280.92 Million | 8.98% | 0.50x | $1.11 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.30 Billion | -22.46% | 1.14x | $938.81 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $3.55 Billion | 0.54% | 0.80x | $1.66 Billion |
About Qingdao Tianneng Heavy Industries Co Ltd
Qingdao Tianneng Heavy Industries Co.,Ltd manufactures and sells wind turbine towers and related equipment in China and internationally. The company offers onshore wind power towers, offshore wind power towers; offshore wind power foundations comprising single piles, cages, and high pile caps; and onshore wind power anchors. It also invests, develops, constructs, and operates new energy projects,… Read more