Sanhe Tongfei Refrigeration Co. Ltd. (300990) - Net Assets
Based on the latest financial reports, Sanhe Tongfei Refrigeration Co. Ltd. (300990) has net assets worth CN¥2.03 Billion CNY (≈ $296.49 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¥2.70 Billion ≈ $395.34 Million USD) and total liabilities (CN¥675.50 Million ≈ $98.85 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 Sanhe Tongfei Refrigeration Co. Ltd. asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.03 Billion |
| % of Total Assets | 75.0% |
| Annual Growth Rate | 34.89% |
| 5-Year Change | 302.04% |
| 10-Year Change | N/A |
| Growth Volatility | 75.43 |
Sanhe Tongfei Refrigeration Co. Ltd. - Net Assets Trend (2017–2024)
This chart illustrates how Sanhe Tongfei Refrigeration Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore Sanhe Tongfei Refrigeration Co. Ltd. balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Sanhe Tongfei Refrigeration Co. Ltd. (2017–2024)
The table below shows the annual net assets of Sanhe Tongfei Refrigeration Co. Ltd. from 2017 to 2024. For live valuation and market cap data, see market cap of Sanhe Tongfei Refrigeration Co. Ltd..
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.89 Billion ≈ $276.60 Million |
+7.21% |
| 2023-12-31 | CN¥1.76 Billion ≈ $258.00 Million |
+8.06% |
| 2022-12-31 | CN¥1.63 Billion ≈ $238.76 Million |
+5.09% |
| 2021-12-31 | CN¥1.55 Billion ≈ $227.20 Million |
+230.24% |
| 2020-12-31 | CN¥470.16 Million ≈ $68.80 Million |
+36.14% |
| 2019-12-31 | CN¥345.34 Million ≈ $50.53 Million |
+18.75% |
| 2018-12-31 | CN¥290.81 Million ≈ $42.55 Million |
+25.03% |
| 2017-12-31 | CN¥232.58 Million ≈ $34.03 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sanhe Tongfei Refrigeration 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 9007.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥487.64 Million | 25.80% |
| Common Stock | CN¥169.40 Million | 8.96% |
| Other Components | CN¥1.23 Billion | 65.24% |
| Total Equity | CN¥1.89 Billion | 100.00% |
Sanhe Tongfei Refrigeration Co. Ltd. Competitors by Market Cap
The table below lists competitors of Sanhe Tongfei Refrigeration Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pan Ocean Co Ltd
KO:028670
|
$2.01 Billion |
|
Tianjin Port Co Ltd
SHG:600717
|
$2.01 Billion |
|
MicroPort Scientific Corporation
F:MSK
|
$2.01 Billion |
|
Jiangsu Provincial Agricultural Reclamation and Development Co Ltd
SHG:601952
|
$2.01 Billion |
|
Northwest Bancshares Inc
NASDAQ:NWBI
|
$2.01 Billion |
|
Harbin Electric
F:HP6H
|
$2.01 Billion |
|
NINGBO HENGSHUAI Co. LTD.
SHE:300969
|
$2.01 Billion |
|
Yusys Technologies Co Ltd Class A
SHE:300674
|
$2.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sanhe Tongfei Refrigeration Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,763,117,335 to 1,890,219,808, a change of 127,102,473 (7.2%).
- Net income of 153,427,733 contributed positively to equity growth.
- Dividend payments of 84,240,000 reduced retained earnings.
- Other factors increased equity by 57,914,740.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥153.43 Million | +8.12% |
| Dividends Paid | CN¥84.24 Million | -4.46% |
| Other Changes | CN¥57.91 Million | +3.06% |
| Total Change | CN¥- | 7.21% |
Book Value vs Market Value Analysis
This analysis compares Sanhe Tongfei Refrigeration 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: 7.17x
- 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 43.57x to 7.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥1.84 | CN¥80.39 | x |
| 2018-12-31 | CN¥2.30 | CN¥80.39 | x |
| 2019-12-31 | CN¥2.05 | CN¥80.39 | x |
| 2020-12-31 | CN¥3.74 | CN¥80.39 | x |
| 2021-12-31 | CN¥9.22 | CN¥80.39 | x |
| 2022-12-31 | CN¥9.68 | CN¥80.39 | x |
| 2023-12-31 | CN¥10.44 | CN¥80.39 | x |
| 2024-12-31 | CN¥11.21 | CN¥80.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sanhe Tongfei Refrigeration 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): 8.12%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.10%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 1.32x
- Recent ROE (8.12%) is below the historical average (16.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 23.42% | 16.31% | 1.26x | 1.14x | CN¥31.21 Million |
| 2018 | 26.72% | 20.57% | 1.15x | 1.13x | CN¥48.62 Million |
| 2019 | 21.44% | 17.69% | 1.06x | 1.15x | CN¥39.51 Million |
| 2020 | 26.53% | 20.37% | 1.12x | 1.17x | CN¥77.72 Million |
| 2021 | 7.73% | 14.46% | 0.49x | 1.09x | CN¥-35.31 Million |
| 2022 | 7.83% | 12.69% | 0.54x | 1.14x | CN¥-35.35 Million |
| 2023 | 10.34% | 9.88% | 0.85x | 1.23x | CN¥6.06 Million |
| 2024 | 8.12% | 7.10% | 0.86x | 1.32x | CN¥-35.59 Million |
Industry Comparison
This section compares Sanhe Tongfei Refrigeration 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 |
|---|---|---|---|---|
| Sanhe Tongfei Refrigeration Co. Ltd. (300990) | CN¥2.03 Billion | 23.42% | 0.33x | $2.01 Billion |
| 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 Sanhe Tongfei Refrigeration Co. Ltd.
Sanhe Tongfei Refrigeration Co., Ltd. manufactures and sells industrial temperature control products in China. The company offers liquid cooling products, including MCO/MCOI oil chiller, MCW/MCWI water chiller, MCS immersion chiller, MWA air/water heat exchanger, MEO oil/air heat exchanger, MCA temperature and humidity conditioner for electrical cabinet, MEA heat exchanger for electrical cabinet,… Read more