Qinhuangdao Tianqin Equipment Manufacturing Co.Ltd.
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. engages in the special protective devices and equipment in China. The company offers special protective devices, equipment parts, technical services, and others, as well as special protective devices and equipment parts. Its products are used in defense equipment protection, such as land, sea and air, and civil protection. The company was found… Read more
Qinhuangdao Tianqin Equipment Manufacturing Co.Ltd. (300922) - Net Assets
Latest net assets as of September 2025: CN¥932.51 Million CNY
Based on the latest financial reports, Qinhuangdao Tianqin Equipment Manufacturing Co.Ltd. (300922) has net assets worth CN¥932.51 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¥1.05 Billion) and total liabilities (CN¥113.73 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¥932.51 Million |
| % of Total Assets | 89.13% |
| Annual Growth Rate | 26.97% |
| 5-Year Change | 8.1% |
| 10-Year Change | 841.99% |
| Growth Volatility | 42.0 |
Qinhuangdao Tianqin Equipment Manufacturing Co.Ltd. - Net Assets Trend (2012–2024)
This chart illustrates how Qinhuangdao Tianqin Equipment Manufacturing 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 Qinhuangdao Tianqin Equipment Manufacturing Co.Ltd. (2012–2024)
The table below shows the annual net assets of Qinhuangdao Tianqin Equipment Manufacturing Co.Ltd. from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥903.45 Million | +2.42% |
| 2023-12-31 | CN¥882.10 Million | +1.86% |
| 2022-12-31 | CN¥865.98 Million | -1.33% |
| 2021-12-31 | CN¥877.68 Million | +5.01% |
| 2020-12-31 | CN¥835.78 Million | +129.37% |
| 2019-12-31 | CN¥364.38 Million | +12.25% |
| 2018-12-31 | CN¥324.62 Million | +3.45% |
| 2017-12-31 | CN¥313.80 Million | +57.13% |
| 2016-12-31 | CN¥199.71 Million | +108.23% |
| 2015-12-31 | CN¥95.91 Million | +34.18% |
| 2014-12-31 | CN¥71.48 Million | +15.73% |
| 2013-12-31 | CN¥61.76 Million | +20.02% |
| 2012-12-31 | CN¥51.46 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Qinhuangdao Tianqin Equipment Manufacturing 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 959.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥171.70 Million | 19.02% |
| Common Stock | CN¥156.81 Million | 17.37% |
| Other Comprehensive Income | CN¥65.30 Million | 7.23% |
| Other Components | CN¥509.13 Million | 56.39% |
| Total Equity | CN¥902.95 Million | 100.00% |
Qinhuangdao Tianqin Equipment Manufacturing Co.Ltd. Competitors by Market Cap
The table below lists competitors of Qinhuangdao Tianqin Equipment Manufacturing Co.Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ShenZhen Zero-Seven Co Ltd
SHE:000007
|
$266.60 Million |
|
Beijing Bohui Innovation Technology Co Ltd
SHE:300318
|
$266.67 Million |
|
Dezhou United Petroleum Technology Co.Ltd.
SHE:301158
|
$266.67 Million |
|
AnHui Annada Titanium Industry Co Ltd
SHE:002136
|
$266.69 Million |
|
Flughafen Wien AG
LSE:0RHU
|
$266.55 Million |
|
Clenergy Xiamen Technology Co Ltd
SHG:603628
|
$266.54 Million |
|
Guangdong Brandmax Marketing Co Ltd
SHE:300805
|
$266.50 Million |
|
Shenzhen Glory Medical Co Ltd
SHE:002551
|
$266.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qinhuangdao Tianqin Equipment Manufacturing Co.Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 882,098,000 to 902,947,000, a change of 20,849,000 (2.4%).
- Net income of 41,680,765 contributed positively to equity growth.
- Dividend payments of 23,290,000 reduced retained earnings.
- Share repurchases of 14,999,377 reduced equity.
- Other comprehensive income increased equity by 64,649,032.
- Other factors decreased equity by 47,191,420.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥41.68 Million | +4.62% |
| Dividends Paid | CN¥23.29 Million | -2.58% |
| Share Repurchases | CN¥15.00 Million | -1.66% |
| Other Comprehensive Income | CN¥64.65 Million | +7.16% |
| Other Changes | CN¥-47.19 Million | -5.23% |
| Total Change | CN¥- | 2.36% |
Book Value vs Market Value Analysis
This analysis compares Qinhuangdao Tianqin Equipment Manufacturing 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: 3.51x
- 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 15.75x to 3.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥1.29 | CN¥20.39 | x |
| 2014-12-31 | CN¥1.50 | CN¥20.39 | x |
| 2015-12-31 | CN¥1.36 | CN¥20.39 | x |
| 2016-12-31 | CN¥2.38 | CN¥20.39 | x |
| 2017-12-31 | CN¥3.44 | CN¥20.39 | x |
| 2018-12-31 | CN¥3.87 | CN¥20.39 | x |
| 2019-12-31 | CN¥3.20 | CN¥20.39 | x |
| 2020-12-31 | CN¥5.33 | CN¥20.39 | x |
| 2021-12-31 | CN¥5.60 | CN¥20.39 | x |
| 2022-12-31 | CN¥5.52 | CN¥20.39 | x |
| 2023-12-31 | CN¥5.75 | CN¥20.39 | x |
| 2024-12-31 | CN¥5.82 | CN¥20.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qinhuangdao Tianqin Equipment Manufacturing 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): 4.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.08%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.16x
- Recent ROE (4.62%) is below the historical average (13.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 16.68% | 10.47% | 0.88x | 1.81x | CN¥4.12 Million |
| 2014 | 26.23% | 17.73% | 0.92x | 1.62x | CN¥11.60 Million |
| 2015 | 25.15% | 19.47% | 1.02x | 1.27x | CN¥14.46 Million |
| 2016 | 15.93% | 23.04% | 0.60x | 1.16x | CN¥11.85 Million |
| 2017 | 12.45% | 23.03% | 0.45x | 1.19x | CN¥7.68 Million |
| 2018 | 18.86% | 27.53% | 0.57x | 1.20x | CN¥28.76 Million |
| 2019 | 14.42% | 24.70% | 0.52x | 1.13x | CN¥16.11 Million |
| 2020 | 7.71% | 27.98% | 0.26x | 1.07x | CN¥-19.18 Million |
| 2021 | 9.19% | 33.47% | 0.26x | 1.06x | CN¥-7.10 Million |
| 2022 | 3.11% | 18.18% | 0.16x | 1.07x | CN¥-59.71 Million |
| 2023 | 3.65% | 20.82% | 0.16x | 1.09x | CN¥-56.02 Million |
| 2024 | 4.62% | 18.08% | 0.22x | 1.16x | CN¥-48.61 Million |
Industry Comparison
This section compares Qinhuangdao Tianqin Equipment Manufacturing Co.Ltd.'s net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,775,158,628
- Average return on equity (ROE) among peers: -19.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qinhuangdao Tianqin Equipment Manufacturing Co.Ltd. (300922) | CN¥932.51 Million | 16.68% | 0.12x | $266.55 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $390.80 Million | 1.64% | 0.47x | $289.82 Million |
| Hengyi Petrochemical Co Ltd (000703) | $246.42 Million | -7.64% | 1.62x | $1.44 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $472.56 Million | 10.49% | 1.13x | $361.89 Million |
| Luxi Chemical Group Co Ltd (000830) | $120.60 Million | 41.32% | 1.30x | $2.28 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $234.51 Million | -303.65% | 8.65x | $5.40 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $2.70 Billion | 10.47% | 0.21x | $884.45 Million |
| Cofco Biochemical Anhui Co Ltd (000930) | $11.76 Billion | 9.61% | 0.54x | $815.97 Million |
| Shandong Link Science and Technology Co Ltd (001207) | $441.43 Million | 14.99% | 1.14x | $330.19 Million |
| Zhejiang Bofay Elec Co Ltd (001255) | $742.80 Million | 1.78% | 0.61x | $169.49 Million |
| Guangdong Decro Film New (001378) | $647.89 Million | 29.53% | 0.22x | $241.78 Million |