Ningbo Tianyi Medical Appliance Co. Ltd. (301097) - Net Assets
Based on the latest financial reports, Ningbo Tianyi Medical Appliance Co. Ltd. (301097) has net assets worth CN¥1.17 Billion CNY (≈ $170.92 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.89 Billion ≈ $276.16 Million USD) and total liabilities (CN¥719.16 Million ≈ $105.24 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 301097 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.17 Billion |
| % of Total Assets | 61.89% |
| Annual Growth Rate | 31.42% |
| 5-Year Change | 204.83% |
| 10-Year Change | N/A |
| Growth Volatility | 61.95 |
Ningbo Tianyi Medical Appliance Co. Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how Ningbo Tianyi Medical Appliance Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore Ningbo Tianyi Medical Appliance Co. Ltd. asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Ningbo Tianyi Medical Appliance Co. Ltd. (2019–2024)
The table below shows the annual net assets of Ningbo Tianyi Medical Appliance Co. Ltd. from 2019 to 2024. For live valuation and market cap data, see Ningbo Tianyi Medical Appliance Co. Ltd. market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.19 Billion ≈ $174.48 Million |
-7.16% |
| 2023-12-31 | CN¥1.28 Billion ≈ $187.93 Million |
+3.98% |
| 2022-12-31 | CN¥1.24 Billion ≈ $180.73 Million |
+163.10% |
| 2021-12-31 | CN¥469.44 Million ≈ $68.69 Million |
+20.02% |
| 2020-12-31 | CN¥391.15 Million ≈ $57.24 Million |
+28.67% |
| 2019-12-31 | CN¥304.00 Million ≈ $44.48 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ningbo Tianyi Medical Appliance 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 181.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥361.74 Million | 30.47% |
| Other Components | CN¥825.38 Million | 69.53% |
| Total Equity | CN¥1.19 Billion | 100.00% |
Ningbo Tianyi Medical Appliance Co. Ltd. Competitors by Market Cap
The table below lists competitors of Ningbo Tianyi Medical Appliance Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanxi C&Y Pharmaceutical Group Co Ltd
SHE:300254
|
$505.94 Million |
|
Fenix Outdoor International AG
ST:FOI-B
|
$506.15 Million |
|
Dada Nexus Ltd
NASDAQ:DADA
|
$506.16 Million |
|
Shenzhen Liantronics
SHE:300269
|
$506.22 Million |
|
ScinoPharm Taiwan Ltd
TW:1789
|
$505.73 Million |
|
Yulon Nissan Motor Co Ltd
TW:2227
|
$505.66 Million |
|
Grand Korea Leisure Co. Ltd
KO:114090
|
$505.54 Million |
|
NH SPAC 8
KQ:225570
|
$505.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Tianyi Medical Appliance Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,272,808,160 to 1,187,121,585, a change of -85,686,575 (-6.7%).
- Net loss of 743,966 reduced equity.
- Dividend payments of 38,756,474 reduced retained earnings.
- Other factors decreased equity by 46,186,135.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-743.97K | -0.06% |
| Dividends Paid | CN¥38.76 Million | -3.26% |
| Other Changes | CN¥-46.19 Million | -3.89% |
| Total Change | CN¥- | -6.73% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Tianyi Medical Appliance 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: 2.91x
- 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 8.53x to 2.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥6.88 | CN¥58.63 | x |
| 2020-12-31 | CN¥8.85 | CN¥58.63 | x |
| 2021-12-31 | CN¥10.62 | CN¥58.63 | x |
| 2022-12-31 | CN¥20.95 | CN¥58.63 | x |
| 2023-12-31 | CN¥21.59 | CN¥58.63 | x |
| 2024-12-31 | CN¥20.14 | CN¥58.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Tianyi Medical Appliance 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): -0.06%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.18%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.51x
- Recent ROE (-0.06%) is below the historical average (11.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 20.79% | 19.98% | 0.65x | 1.60x | CN¥32.80 Million |
| 2020 | 22.28% | 23.00% | 0.56x | 1.72x | CN¥48.03 Million |
| 2021 | 16.68% | 18.88% | 0.51x | 1.72x | CN¥31.35 Million |
| 2022 | 6.93% | 21.44% | 0.25x | 1.32x | CN¥-37.88 Million |
| 2023 | 4.99% | 16.69% | 0.22x | 1.39x | CN¥-63.71 Million |
| 2024 | -0.06% | -0.18% | 0.23x | 1.51x | CN¥-119.46 Million |
Industry Comparison
This section compares Ningbo Tianyi Medical Appliance Co. Ltd.'s net assets metrics with peer companies in the Medical Instruments & Supplies industry.
Industry Context
- Industry: Medical Instruments & Supplies
- Average net assets among peers: $3,882,684,540
- Average return on equity (ROE) among peers: 11.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Tianyi Medical Appliance Co. Ltd. (301097) | CN¥1.17 Billion | 20.79% | 0.62x | $505.73 Million |
| Beijing Centergate Technologies Holding Co Ltd (000931) | $858.96 Million | 5.81% | 3.43x | $523.48 Million |
| Blue Sail Medical Co Ltd (002382) | $9.55 Billion | -5.95% | 0.64x | $1.10 Billion |
| Andon Health Co Ltd (002432) | $21.49 Billion | 7.76% | 0.23x | $5.00 Billion |
| Allmed Medical Products Co Ltd Class A (002950) | $3.21 Billion | 3.44% | 0.58x | $1.28 Billion |
| Guangzhou Improve Med Instrument (300030) | $838.26 Million | 3.10% | 0.80x | $376.43 Million |
| QITIAN Technology Group Co Ltd (300061) | $451.92 Million | 8.13% | 0.70x | $924.78 Million |
| Shanghai Tofflon Science Tech (300171) | $113.69 Million | 40.44% | 1.35x | $1.47 Billion |
| Truking Technology Ltd (300358) | $1.67 Billion | 8.57% | 0.72x | $1.02 Billion |
| Jiangxi Sanxin Medtec Co Ltd (300453) | $122.42 Million | 28.61% | 0.63x | $770.09 Million |
| Shenyang Xingqi Pharmaceutical Co Ltd (300573) | $520.95 Million | 10.42% | 0.38x | $2.50 Billion |
About Ningbo Tianyi Medical Appliance Co. Ltd.
Ningbo Tianyi Medical Appliance Co., Ltd. engages in the research and development, production, and sale of medical polymer consumables and other medical devices to blood purification and ward nursing fields in China and internationally. It offers hemodialysis tubing, artis piping kits, displacement and replacement fluid tubing, puncture device, dialyzer, hemodialysis concentrate and dry powder, a… Read more