Tjk Machinery Tianjin Co Ltd
TJK Intelligent Equipment Manufacturing (Tianjin) Co., Ltd. engages in research and development, design, production, and sale of medium and high-end CNC steel bar processing equipment, supporting software, and provided intelligent CNC steel in China and internationally. The company provides excavation machinery, shovel conveyors machinery, hoisting machinery, industrial vehicles, compaction machi… Read more
Tjk Machinery Tianjin Co Ltd (300823) - Net Assets
Latest net assets as of September 2025: CN¥961.37 Million CNY
Based on the latest financial reports, Tjk Machinery Tianjin Co Ltd (300823) has net assets worth CN¥961.37 Million CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.27 Billion) and total liabilities (CN¥308.64 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥961.37 Million |
| % of Total Assets | 75.7% |
| Annual Growth Rate | 14.13% |
| 5-Year Change | 5.94% |
| 10-Year Change | 327.12% |
| Growth Volatility | 21.56 |
Tjk Machinery Tianjin Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Tjk Machinery Tianjin Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tjk Machinery Tianjin Co Ltd (2012–2024)
The table below shows the annual net assets of Tjk Machinery Tianjin Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥983.60 Million | -0.54% |
| 2023-12-31 | CN¥988.90 Million | +1.52% |
| 2022-12-31 | CN¥974.10 Million | -1.31% |
| 2021-12-31 | CN¥987.02 Million | +6.31% |
| 2020-12-31 | CN¥928.44 Million | +77.22% |
| 2019-12-31 | CN¥523.88 Million | +17.86% |
| 2018-12-31 | CN¥444.51 Million | +19.73% |
| 2017-12-31 | CN¥371.26 Million | +38.95% |
| 2016-12-31 | CN¥267.19 Million | +16.03% |
| 2015-12-31 | CN¥230.29 Million | +6.04% |
| 2014-12-31 | CN¥217.17 Million | +6.67% |
| 2013-12-31 | CN¥203.60 Million | +1.12% |
| 2012-12-31 | CN¥201.35 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tjk Machinery Tianjin 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 349.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥407.97 Million | 42.32% |
| Common Stock | CN¥130.98 Million | 13.59% |
| Other Components | CN¥425.16 Million | 44.10% |
| Total Equity | CN¥964.12 Million | 100.00% |
Tjk Machinery Tianjin Co Ltd Competitors by Market Cap
The table below lists competitors of Tjk Machinery Tianjin Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Firstec
KO:010820
|
$133.88 Million |
|
Sam-A Aluminiu
KO:006110
|
$133.88 Million |
|
Bingshan Refrigeration and Heat Transfer Technologies Co Ltd
SHE:200530
|
$133.89 Million |
|
JanOne Inc
F:5AR1
|
$133.90 Million |
|
First Steamship Co Ltd
TW:2601
|
$133.86 Million |
|
First Farmers and Merchants Corporation
PINK:FFMH
|
$133.86 Million |
|
Biosolution Co.Ltd
KQ:086820
|
$133.82 Million |
|
Bally's Corp
NYSE:BALY
|
$133.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tjk Machinery Tianjin Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 973,435,416 to 964,119,523, a change of -9,315,893 (-1.0%).
- Net income of 44,807,886 contributed positively to equity growth.
- Dividend payments of 55,364,987 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥44.81 Million | +4.65% |
| Dividends Paid | CN¥55.36 Million | -5.74% |
| Other Changes | CN¥1.24 Million | +0.13% |
| Total Change | CN¥- | -0.96% |
Book Value vs Market Value Analysis
This analysis compares Tjk Machinery Tianjin 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: 2.32x
- 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 5.56x to 2.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥3.05 | CN¥16.96 | x |
| 2013-12-31 | CN¥2.17 | CN¥16.96 | x |
| 2014-12-31 | CN¥3.23 | CN¥16.96 | x |
| 2015-12-31 | CN¥3.58 | CN¥16.96 | x |
| 2016-12-31 | CN¥4.05 | CN¥16.96 | x |
| 2017-12-31 | CN¥3.85 | CN¥16.96 | x |
| 2018-12-31 | CN¥4.49 | CN¥16.96 | x |
| 2019-12-31 | CN¥5.30 | CN¥16.96 | x |
| 2020-12-31 | CN¥7.50 | CN¥16.96 | x |
| 2021-12-31 | CN¥7.47 | CN¥16.96 | x |
| 2022-12-31 | CN¥7.38 | CN¥16.96 | x |
| 2023-12-31 | CN¥7.43 | CN¥16.96 | x |
| 2024-12-31 | CN¥7.32 | CN¥16.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tjk Machinery Tianjin 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): 4.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.93%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.29x
- Recent ROE (4.65%) is below the historical average (11.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 32.13% | 21.20% | 0.54x | 2.78x | CN¥44.56 Million |
| 2013 | 5.28% | 4.09% | 0.41x | 3.12x | CN¥-9.62 Million |
| 2014 | 7.74% | 5.61% | 0.52x | 2.64x | CN¥-4.91 Million |
| 2015 | 5.03% | 4.34% | 0.46x | 2.55x | CN¥-11.45 Million |
| 2016 | 14.30% | 11.46% | 0.54x | 2.31x | CN¥11.50 Million |
| 2017 | 16.68% | 15.77% | 0.56x | 1.90x | CN¥24.79 Million |
| 2018 | 17.96% | 17.57% | 0.54x | 1.88x | CN¥35.24 Million |
| 2019 | 16.18% | 17.71% | 0.55x | 1.65x | CN¥32.15 Million |
| 2020 | 9.72% | 19.25% | 0.41x | 1.24x | CN¥-2.62 Million |
| 2021 | 9.27% | 18.82% | 0.39x | 1.27x | CN¥-7.13 Million |
| 2022 | 3.68% | 8.10% | 0.36x | 1.26x | CN¥-60.97 Million |
| 2023 | 5.91% | 12.48% | 0.36x | 1.30x | CN¥-39.80 Million |
| 2024 | 4.65% | 9.93% | 0.36x | 1.29x | CN¥-51.60 Million |
Industry Comparison
This section compares Tjk Machinery Tianjin 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: $1,242,592,243
- Average return on equity (ROE) among peers: 0.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tjk Machinery Tianjin Co Ltd (300823) | CN¥961.37 Million | 32.13% | 0.32x | $133.87 Million |
| Huayi Compressor Co Ltd (000404) | $83.42 Million | 0.00% | 1.93x | $437.73 Million |
| Shenyang Machine Tool Co Ltd (000410) | $973.75 Million | 2.65% | 2.70x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $351.55 Million | 1.05% | 0.46x | $1.93 Billion |
| Changchai Co Ltd (000570) | $1.42 Billion | 15.77% | 1.09x | $381.98 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $654.39 Million | 0.62% | 0.63x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $374.06 Million | -44.66% | 1.53x | $540.37 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $2.16 Billion | 10.62% | 0.70x | $970.60 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.86 Billion | 4.58% | 0.58x | $763.60 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $316.88 Million | 9.87% | 0.41x | $876.35 Million |
| Ning Xia Yin Xing Energy Co Ltd (000862) | $4.23 Billion | 3.79% | 1.25x | $459.10 Million |