T&S Communications Co Ltd (300570) - Net Assets
Based on the latest financial reports, T&S Communications Co Ltd (300570) has net assets worth CN¥1.69 Billion CNY (≈ $247.47 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¥2.12 Billion ≈ $309.92 Million USD) and total liabilities (CN¥426.72 Million ≈ $62.44 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 300570 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.69 Billion |
| % of Total Assets | 79.85% |
| Annual Growth Rate | 20.88% |
| 5-Year Change | 21.17% |
| 10-Year Change | 313.56% |
| Growth Volatility | 46.59 |
T&S Communications Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how T&S Communications Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore T&S Communications Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for T&S Communications Co Ltd (2011–2024)
The table below shows the annual net assets of T&S Communications Co Ltd from 2011 to 2024. For live valuation and market cap data, see market cap of T&S Communications Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.56 Billion ≈ $228.32 Million |
+13.64% |
| 2023-12-31 | CN¥1.37 Billion ≈ $200.92 Million |
+3.85% |
| 2022-12-31 | CN¥1.32 Billion ≈ $193.48 Million |
+10.33% |
| 2021-12-31 | CN¥1.20 Billion ≈ $175.36 Million |
-6.94% |
| 2020-12-31 | CN¥1.29 Billion ≈ $188.43 Million |
-1.93% |
| 2019-12-31 | CN¥1.31 Billion ≈ $192.14 Million |
+7.30% |
| 2018-12-31 | CN¥1.22 Billion ≈ $179.06 Million |
+8.96% |
| 2017-12-31 | CN¥1.12 Billion ≈ $164.34 Million |
+5.59% |
| 2016-12-31 | CN¥1.06 Billion ≈ $155.64 Million |
+181.90% |
| 2015-12-31 | CN¥377.29 Million ≈ $55.21 Million |
+31.59% |
| 2014-12-31 | CN¥286.72 Million ≈ $41.96 Million |
+26.63% |
| 2013-12-31 | CN¥226.42 Million ≈ $33.13 Million |
+34.00% |
| 2012-12-31 | CN¥168.97 Million ≈ $24.73 Million |
+27.47% |
| 2011-12-31 | CN¥132.56 Million ≈ $19.40 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to T&S Communications 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 5920.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥725.28 Million | 47.02% |
| Common Stock | CN¥227.13 Million | 14.72% |
| Other Components | CN¥590.20 Million | 38.26% |
| Total Equity | CN¥1.54 Billion | 100.00% |
T&S Communications Co Ltd Competitors by Market Cap
The table below lists competitors of T&S Communications Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Balkrishna Industries Limited
NSE:BALKRISIND
|
$4.52 Billion |
|
Persimmon Plc
F:OHP
|
$4.52 Billion |
|
Crocs Inc
NASDAQ:CROX
|
$4.52 Billion |
|
LEG Immobilien SE
XETRA:LEG
|
$4.52 Billion |
|
BURBERRY GROUP ADR/
F:BB2A
|
$4.51 Billion |
|
Humanwell Healthcare Group Co Ltd
SHG:600079
|
$4.51 Billion |
|
Hengdian Group DMEGC Magnetics Co Ltd
SHE:002056
|
$4.51 Billion |
|
Tamarack Valley Energy Ltd
TO:TVE
|
$4.51 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in T&S Communications Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,364,318,000 to 1,542,611,000, a change of 178,293,000 (13.1%).
- Net income of 261,256,710 contributed positively to equity growth.
- Dividend payments of 113,563,000 reduced retained earnings.
- Other comprehensive income decreased equity by 114,998,400.
- Other factors increased equity by 145,597,690.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥261.26 Million | +16.94% |
| Dividends Paid | CN¥113.56 Million | -7.36% |
| Other Comprehensive Income | CN¥-115.00 Million | -7.45% |
| Other Changes | CN¥145.60 Million | +9.44% |
| Total Change | CN¥- | 13.07% |
Book Value vs Market Value Analysis
This analysis compares T&S Communications 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: 20.02x
- 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 90.42x to 20.02x 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¥1.50 | CN¥135.92 | x |
| 2012-12-31 | CN¥1.76 | CN¥135.92 | x |
| 2013-12-31 | CN¥1.31 | CN¥135.92 | x |
| 2014-12-31 | CN¥1.66 | CN¥135.92 | x |
| 2015-12-31 | CN¥2.19 | CN¥135.92 | x |
| 2016-12-31 | CN¥6.00 | CN¥135.92 | x |
| 2017-12-31 | CN¥4.90 | CN¥135.92 | x |
| 2018-12-31 | CN¥5.26 | CN¥135.92 | x |
| 2019-12-31 | CN¥5.66 | CN¥135.92 | x |
| 2020-12-31 | CN¥5.54 | CN¥135.92 | x |
| 2021-12-31 | CN¥5.28 | CN¥135.92 | x |
| 2022-12-31 | CN¥5.87 | CN¥135.92 | x |
| 2023-12-31 | CN¥6.07 | CN¥135.92 | x |
| 2024-12-31 | CN¥6.79 | CN¥135.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently T&S Communications 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): 16.94%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.96%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 1.29x
- Recent ROE (16.94%) is below the historical average (17.72%), 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 | 29.57% | 23.98% | 0.99x | 1.25x | CN¥25.94 Million |
| 2012 | 27.85% | 19.73% | 1.09x | 1.29x | CN¥30.17 Million |
| 2013 | 32.43% | 21.12% | 1.20x | 1.28x | CN¥50.78 Million |
| 2014 | 29.39% | 20.49% | 1.09x | 1.31x | CN¥55.58 Million |
| 2015 | 30.86% | 23.19% | 1.07x | 1.25x | CN¥78.72 Million |
| 2016 | 9.53% | 24.08% | 0.36x | 1.10x | CN¥-4.96 Million |
| 2017 | 8.98% | 20.44% | 0.39x | 1.13x | CN¥-11.41 Million |
| 2018 | 12.55% | 19.23% | 0.54x | 1.22x | CN¥31.01 Million |
| 2019 | 12.90% | 22.31% | 0.51x | 1.14x | CN¥37.80 Million |
| 2020 | 5.93% | 13.18% | 0.40x | 1.12x | CN¥-51.85 Million |
| 2021 | 6.06% | 11.10% | 0.48x | 1.14x | CN¥-46.70 Million |
| 2022 | 13.75% | 19.29% | 0.60x | 1.19x | CN¥49.06 Million |
| 2023 | 11.37% | 17.53% | 0.53x | 1.23x | CN¥18.66 Million |
| 2024 | 16.94% | 18.96% | 0.69x | 1.29x | CN¥107.00 Million |
Industry Comparison
This section compares T&S Communications Co Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $3,019,839,616
- Average return on equity (ROE) among peers: 0.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| T&S Communications Co Ltd (300570) | CN¥1.69 Billion | 29.57% | 0.25x | $4.52 Billion |
| ZTE Corp (000063) | $12.89 Billion | 9.72% | 2.04x | $21.63 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $1.26 Billion | 4.41% | 1.07x | $2.38 Billion |
| Addsino Co Ltd (000547) | $1.76 Billion | 6.83% | 0.47x | $5.75 Billion |
| Sichuan Huiyuan Optical Com (000586) | $301.15 Million | 8.68% | 0.71x | $501.31 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $2.31 Billion | 12.98% | 1.49x | $417.18 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $2.95 Billion | 4.92% | 0.86x | $1.90 Billion |
| Skyworth Digital Co Ltd (000810) | $4.31 Billion | 8.91% | 1.38x | $2.14 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $2.15 Billion | 1.16% | 0.67x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $377.97 Million | -53.76% | 1.52x | $1.11 Billion |
| Sunwave Communications Co Ltd (002115) | $1.89 Billion | 2.50% | 1.29x | $1.71 Billion |
About T&S Communications Co Ltd
T&S Communications Co.,Ltd. develops, manufactures, and sells fiber optics communication products in China. It offers fiber optical transceivers, active optical cables (AOC), and direct attach cables (DAC); and fiber optical cable assemblies comprising fiber optic patch cords, pre-terminated multifiber optic cables, MTP/MPO cable assemblies, very small form factor (VSFF) cable assemblies, shuffle… Read more