Jiangsu TongLin Electric Co.Ltd.
Jiangsu TongLin Electric Co.,Ltd. engages in the research, development, and manufacture of photovoltaic (PV) connection systems, PV power stations, electrical equipment, cables and wires, and industrial automation solutions in China. The company offers connector, junction box, interconnect harness, system integration, photovoltaic power station, tool, wire and cable, and biological technology rel… Read more
Jiangsu TongLin Electric Co.Ltd. (301168) - Net Assets
Latest net assets as of September 2025: CN¥2.26 Billion CNY
Based on the latest financial reports, Jiangsu TongLin Electric Co.Ltd. (301168) has net assets worth CN¥2.26 Billion 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¥3.49 Billion) and total liabilities (CN¥1.23 Billion). 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¥2.26 Billion |
| % of Total Assets | 64.68% |
| Annual Growth Rate | 17.6% |
| 5-Year Change | 215.49% |
| 10-Year Change | 500.88% |
| Growth Volatility | 45.16 |
Jiangsu TongLin Electric Co.Ltd. - Net Assets Trend (2013–2024)
This chart illustrates how Jiangsu TongLin Electric 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 Jiangsu TongLin Electric Co.Ltd. (2013–2024)
The table below shows the annual net assets of Jiangsu TongLin Electric Co.Ltd. from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.21 Billion | +4.39% |
| 2023-12-31 | CN¥2.11 Billion | +8.74% |
| 2022-12-31 | CN¥1.94 Billion | +5.85% |
| 2021-12-31 | CN¥1.84 Billion | +162.56% |
| 2020-12-31 | CN¥699.82 Million | +15.97% |
| 2019-12-31 | CN¥603.44 Million | +18.45% |
| 2018-12-31 | CN¥509.46 Million | +2.14% |
| 2017-12-31 | CN¥498.79 Million | +8.73% |
| 2016-12-31 | CN¥458.76 Million | +24.85% |
| 2015-12-31 | CN¥367.44 Million | -13.36% |
| 2014-12-31 | CN¥424.08 Million | +14.30% |
| 2013-12-31 | CN¥371.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Jiangsu TongLin Electric 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 855.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥859.65 Million | 40.51% |
| Common Stock | CN¥120.00 Million | 5.65% |
| Other Components | CN¥1.14 Billion | 53.83% |
| Total Equity | CN¥2.12 Billion | 100.00% |
Jiangsu TongLin Electric Co.Ltd. Competitors by Market Cap
The table below lists competitors of Jiangsu TongLin Electric Co.Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Computer Modelling Group Ltd
PINK:CMDXF
|
$238.04 Million |
|
Worldex Industry & Trading Co. Ltd
KQ:101160
|
$238.09 Million |
|
Alltek Technology Corp
TW:3209
|
$238.27 Million |
|
Forcecon Technology Co Ltd
TWO:3483
|
$238.41 Million |
|
Guangdong Champion Asia Electronics Co Ltd
SHG:603386
|
$237.93 Million |
|
MENNICA POLSKA ZY 1
F:7N5
|
$237.85 Million |
|
CW Enerji SA
IS:CWENE
|
$237.83 Million |
|
Zhejiang Langdi Group Co Ltd
SHG:603726
|
$237.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu TongLin Electric Co.Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,099,614,459 to 2,122,044,547, a change of 22,430,088 (1.1%).
- Net income of 71,395,043 contributed positively to equity growth.
- Dividend payments of 32,304,854 reduced retained earnings.
- Share repurchases of 20,694,219 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥71.40 Million | +3.36% |
| Dividends Paid | CN¥32.30 Million | -1.52% |
| Share Repurchases | CN¥20.69 Million | -0.98% |
| Other Changes | CN¥4.03 Million | +0.19% |
| Total Change | CN¥- | 1.07% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu TongLin Electric 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: 2.38x
- 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 10.88x to 2.38x 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¥3.90 | CN¥42.39 | x |
| 2014-12-31 | CN¥3.76 | CN¥42.39 | x |
| 2015-12-31 | CN¥3.77 | CN¥42.39 | x |
| 2016-12-31 | CN¥5.08 | CN¥42.39 | x |
| 2017-12-31 | CN¥5.51 | CN¥42.39 | x |
| 2018-12-31 | CN¥5.46 | CN¥42.39 | x |
| 2019-12-31 | CN¥5.03 | CN¥42.39 | x |
| 2020-12-31 | CN¥5.83 | CN¥42.39 | x |
| 2021-12-31 | CN¥15.31 | CN¥42.39 | x |
| 2022-12-31 | CN¥16.21 | CN¥42.39 | x |
| 2023-12-31 | CN¥17.43 | CN¥42.39 | x |
| 2024-12-31 | CN¥17.83 | CN¥42.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu TongLin Electric 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): 3.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.50%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.63x
- Recent ROE (3.36%) is below the historical average (13.24%), 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 | 24.90% | 16.28% | 0.94x | 1.63x | CN¥52.43 Million |
| 2014 | 18.34% | 14.36% | 0.83x | 1.53x | CN¥35.35 Million |
| 2015 | 26.29% | 17.39% | 0.93x | 1.62x | CN¥59.86 Million |
| 2016 | 21.67% | 15.59% | 0.88x | 1.58x | CN¥53.54 Million |
| 2017 | 14.16% | 8.71% | 0.83x | 1.96x | CN¥20.76 Million |
| 2018 | 0.37% | 0.25% | 0.78x | 1.90x | CN¥-49.08 Million |
| 2019 | 17.91% | 13.08% | 0.77x | 1.77x | CN¥47.71 Million |
| 2020 | 13.77% | 11.43% | 0.72x | 1.66x | CN¥26.40 Million |
| 2021 | 4.34% | 7.04% | 0.45x | 1.36x | CN¥-103.99 Million |
| 2022 | 5.95% | 9.26% | 0.43x | 1.48x | CN¥-78.84 Million |
| 2023 | 7.86% | 10.71% | 0.47x | 1.56x | CN¥-44.97 Million |
| 2024 | 3.36% | 4.50% | 0.46x | 1.63x | CN¥-140.81 Million |
Industry Comparison
This section compares Jiangsu TongLin Electric Co.Ltd.'s net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $2,861,614,313
- Average return on equity (ROE) among peers: 7.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu TongLin Electric Co.Ltd. (301168) | CN¥2.26 Billion | 24.90% | 0.55x | $237.97 Million |
| Shenzhen Topraysolar Co Ltd (002218) | $31.17 Million | 52.78% | 0.49x | $656.21 Million |
| JA Solar Technology Co Ltd (002459) | $5.60 Billion | 12.83% | 3.21x | $2.70 Billion |
| GCL System Integration Technology Co Ltd (002506) | $4.32 Billion | -61.14% | 2.20x | $2.32 Billion |
| Changzhou Almaden Co Ltd (002623) | $3.27 Billion | 2.55% | 0.61x | $312.14 Million |
| Hainan Drinda Automotive Trim Co Ltd (002865) | $559.78 Million | 9.96% | 1.55x | $2.41 Billion |
| Henan Yicheng New Energy Co Ltd (300080) | $264.31 Million | 36.93% | 0.99x | $1.28 Billion |
| Gansu Golden Glass Technologies Co Ltd (300093) | $857.17 Million | 1.36% | 0.68x | $514.59 Million |
| Risen Energy (300118) | $10.40 Billion | 8.99% | 2.68x | $2.06 Billion |
| Lingda Group Co Ltd (300125) | $659.54 Million | -2.57% | 2.24x | $250.13 Million |
| Jolywood Suzhou Sunwatt Co Ltd (300393) | $2.65 Billion | 9.75% | 1.34x | $1.11 Billion |