Zhejiang Tiantie Industry Co Ltd (300587) - Net Assets
Based on the latest financial reports, Zhejiang Tiantie Industry Co Ltd (300587) has net assets worth CN¥2.48 Billion CNY (≈ $362.49 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¥6.15 Billion ≈ $899.77 Million USD) and total liabilities (CN¥3.67 Billion ≈ $537.28 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 300587 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.48 Billion |
| % of Total Assets | 40.29% |
| Annual Growth Rate | 24.71% |
| 5-Year Change | 43.59% |
| 10-Year Change | 526.84% |
| Growth Volatility | 33.16 |
Zhejiang Tiantie Industry Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Zhejiang Tiantie Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Zhejiang Tiantie Industry Co Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Tiantie Industry Co Ltd (2011–2024)
The table below shows the annual net assets of Zhejiang Tiantie Industry Co Ltd from 2011 to 2024. For live valuation and market cap data, see Zhejiang Tiantie Industry Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.48 Billion ≈ $363.33 Million |
+2.55% |
| 2023-12-31 | CN¥2.42 Billion ≈ $354.29 Million |
-20.33% |
| 2022-12-31 | CN¥3.04 Billion ≈ $444.72 Million |
+16.25% |
| 2021-12-31 | CN¥2.61 Billion ≈ $382.57 Million |
+51.19% |
| 2020-12-31 | CN¥1.73 Billion ≈ $253.03 Million |
+42.32% |
| 2019-12-31 | CN¥1.21 Billion ≈ $177.79 Million |
+16.39% |
| 2018-12-31 | CN¥1.04 Billion ≈ $152.74 Million |
+20.15% |
| 2017-12-31 | CN¥868.80 Million ≈ $127.13 Million |
+10.60% |
| 2016-12-31 | CN¥785.51 Million ≈ $114.94 Million |
+98.31% |
| 2015-12-31 | CN¥396.10 Million ≈ $57.96 Million |
+15.32% |
| 2014-12-31 | CN¥343.47 Million ≈ $50.26 Million |
+11.08% |
| 2013-12-31 | CN¥309.22 Million ≈ $45.25 Million |
+13.47% |
| 2012-12-31 | CN¥272.51 Million ≈ $39.88 Million |
+93.82% |
| 2011-12-31 | CN¥140.60 Million ≈ $20.57 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Tiantie 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 45441100207.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥443.16 Million | 18.38% |
| Common Stock | CN¥1.17 Billion | 48.36% |
| Other Components | CN¥802.13 Million | 33.26% |
| Total Equity | CN¥2.41 Billion | 100.00% |
Zhejiang Tiantie Industry Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Tiantie Industry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Taiyuan Heavy Industry Co Ltd
SHG:600169
|
$1.17 Billion |
|
MRC Global Inc
NYSE:MRC
|
$1.17 Billion |
|
Unilever PLC
LSE:ULVR
|
$1.17 Billion |
|
Guizhou Redstar Developing Co Ltd
SHG:600367
|
$1.17 Billion |
|
Yindu Kitchen Equipment Co Ltd
SHG:603277
|
$1.17 Billion |
|
Ramkrishna Forgings Limited
NSE:RKFORGE
|
$1.17 Billion |
|
Edelweiss Financial Services Limited
NSE:EDELWEISS
|
$1.17 Billion |
|
Guangdong Goworld Co Ltd
SHE:000823
|
$1.17 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Tiantie Industry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,373,896,043 to 2,411,635,688, a change of 37,739,645 (1.6%).
- Net income of 15,204,179 contributed positively to equity growth.
- Dividend payments of 75,983,053 reduced retained earnings.
- Other factors increased equity by 98,518,519.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥15.20 Million | +0.63% |
| Dividends Paid | CN¥75.98 Million | -3.15% |
| Other Changes | CN¥98.52 Million | +4.09% |
| Total Change | CN¥- | 1.59% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Tiantie 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: 3.88x
- 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 24.94x to 3.88x 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¥0.25 | CN¥6.16 | x |
| 2012-12-31 | CN¥0.44 | CN¥6.16 | x |
| 2013-12-31 | CN¥0.48 | CN¥6.16 | x |
| 2014-12-31 | CN¥0.53 | CN¥6.16 | x |
| 2015-12-31 | CN¥0.61 | CN¥6.16 | x |
| 2016-12-31 | CN¥1.21 | CN¥6.16 | x |
| 2017-12-31 | CN¥0.98 | CN¥6.16 | x |
| 2018-12-31 | CN¥1.05 | CN¥6.16 | x |
| 2019-12-31 | CN¥1.20 | CN¥6.16 | x |
| 2020-12-31 | CN¥1.60 | CN¥6.16 | x |
| 2021-12-31 | CN¥2.57 | CN¥6.16 | x |
| 2022-12-31 | CN¥2.77 | CN¥6.16 | x |
| 2023-12-31 | CN¥2.18 | CN¥6.16 | x |
| 2024-12-31 | CN¥1.59 | CN¥6.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Tiantie 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): 0.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.71%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 2.39x
- Recent ROE (0.63%) is below the historical average (9.91%), 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 | 27.43% | 21.01% | 0.51x | 2.57x | CN¥24.50 Million |
| 2012 | 16.33% | 21.32% | 0.50x | 1.52x | CN¥17.26 Million |
| 2013 | 14.90% | 18.64% | 0.50x | 1.59x | CN¥15.15 Million |
| 2014 | 13.72% | 16.69% | 0.59x | 1.39x | CN¥12.77 Million |
| 2015 | 16.83% | 23.11% | 0.52x | 1.41x | CN¥27.06 Million |
| 2016 | 8.98% | 24.30% | 0.31x | 1.20x | CN¥-8.02 Million |
| 2017 | 8.42% | 22.41% | 0.32x | 1.17x | CN¥-13.31 Million |
| 2018 | 8.44% | 15.90% | 0.28x | 1.92x | CN¥-14.42 Million |
| 2019 | 12.12% | 12.80% | 0.42x | 2.24x | CN¥22.20 Million |
| 2020 | 12.72% | 15.87% | 0.42x | 1.92x | CN¥41.94 Million |
| 2021 | 11.99% | 17.65% | 0.42x | 1.62x | CN¥50.20 Million |
| 2022 | 13.75% | 23.84% | 0.34x | 1.72x | CN¥111.74 Million |
| 2023 | -27.53% | -43.36% | 0.29x | 2.22x | CN¥-891.00 Million |
| 2024 | 0.63% | 0.71% | 0.37x | 2.39x | CN¥-225.96 Million |
Industry Comparison
This section compares Zhejiang Tiantie Industry Co Ltd's net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $1,223,886,386
- Average return on equity (ROE) among peers: -196.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Tiantie Industry Co Ltd (300587) | CN¥2.48 Billion | 27.43% | 1.48x | $1.17 Billion |
| China High-Speed Railway Technology (000008) | $7.40 Billion | 4.39% | 0.41x | $1.07 Billion |
| Nanjing Zhongbei Group Co Ltd (000421) | $435.66 Million | 6.49% | 0.96x | $532.07 Million |
| Ningxia Western Venture Industrial Co Ltd (000557) | $-447.50 Million | 0.00% | 0.00x | $1.00 Billion |
| Vontron Technology Co Ltd (000920) | $1.40 Billion | 8.69% | 0.76x | $796.72 Million |
| China Railway Materials Co Ltd (000927) | $88.31 Million | -1857.66% | 54.49x | $2.49 Billion |
| HeNan Splendor Science & Technology Co Ltd (002296) | $125.09 Million | 26.56% | 0.74x | $644.19 Million |
| Sichuan Fulin Transportation Group Co Ltd (002357) | $89.33 Million | 13.19% | 3.81x | $537.64 Million |
| Tianjin Keyvia Electric Co Ltd (300407) | $324.31 Million | 20.96% | 1.15x | $617.25 Million |
| Chengdu Yunda Technology Co Ltd (300440) | $1.60 Billion | 6.06% | 0.63x | $1.18 Billion |
About Zhejiang Tiantie Industry Co Ltd
Zhejiang Tiantie Science and Technology Co., Ltd. engages in the provision of noise reduction and vibration mitigation technology for rail, road, level crossing, buildings, and industrial applications in China. The company also involved in the development and manufacture of rubber products. It also offers seismic isolators for buildings, such as natural rubber bearing, lead rubber bearing, high d… Read more