Zhejiang Tongxing Technology Co. Ltd. A (301252) - Net Assets
Based on the latest financial reports, Zhejiang Tongxing Technology Co. Ltd. A (301252) has net assets worth CN¥1.27 Billion CNY (≈ $185.85 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¥1.75 Billion ≈ $255.86 Million USD) and total liabilities (CN¥478.42 Million ≈ $70.01 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 Zhejiang Tongxing Technology Co. Ltd. A asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.27 Billion |
| % of Total Assets | 72.64% |
| Annual Growth Rate | 47.11% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 62.3 |
Zhejiang Tongxing Technology Co. Ltd. A - Net Assets Trend (2021–2024)
This chart illustrates how Zhejiang Tongxing Technology Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Also explore Zhejiang Tongxing Technology Co. Ltd. A total assets for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Tongxing Technology Co. Ltd. A (2021–2024)
The table below shows the annual net assets of Zhejiang Tongxing Technology Co. Ltd. A from 2021 to 2024. For live valuation and market cap data, see Zhejiang Tongxing Technology Co. Ltd. A stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.22 Billion ≈ $178.75 Million |
+6.18% |
| 2023-12-31 | CN¥1.15 Billion ≈ $168.34 Million |
+145.59% |
| 2022-12-31 | CN¥468.41 Million ≈ $68.54 Million |
+22.10% |
| 2021-12-31 | CN¥383.62 Million ≈ $56.14 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Tongxing Technology Co. Ltd. A'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 115.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥435.10 Million | 35.63% |
| Other Components | CN¥785.98 Million | 64.37% |
| Total Equity | CN¥1.22 Billion | 100.00% |
Zhejiang Tongxing Technology Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Zhejiang Tongxing Technology Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Neto Malinda
TA:NTML
|
$912.58 Million |
|
Sdiptech AB (publ)
ST:SDIP-B
|
$912.66 Million |
|
EQ Resources Ltd
AU:EQR
|
$912.94 Million |
|
Shenzhen Bingchuan Network Co Ltd
SHE:300533
|
$912.97 Million |
|
NB Bancorp, Inc. Common Stock
NASDAQ:NBBK
|
$912.20 Million |
|
Garcia Reguera S.A.
BA:REGE
|
$911.74 Million |
|
Songz Automobile Air Conditioning Co Ltd
SHE:002454
|
$911.53 Million |
|
Sonaecom SGPS
LS:SNC
|
$911.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Tongxing Technology Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,149,940,030 to 1,221,083,599, a change of 71,143,569 (6.2%).
- Net income of 126,801,064 contributed positively to equity growth.
- Dividend payments of 61,709,526 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥126.80 Million | +10.38% |
| Dividends Paid | CN¥61.71 Million | -5.05% |
| Other Changes | CN¥6.05 Million | +0.5% |
| Total Change | CN¥- | 6.19% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Tongxing Technology Co. Ltd. A'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: 5.08x
- 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 12.24x to 5.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | CN¥3.01 | CN¥36.85 | x |
| 2022-12-31 | CN¥3.71 | CN¥36.85 | x |
| 2023-12-31 | CN¥6.84 | CN¥36.85 | x |
| 2024-12-31 | CN¥7.26 | CN¥36.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Tongxing Technology Co. Ltd. A 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): 10.38%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.19%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.39x
- Recent ROE (10.38%) is below the historical average (14.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 18.37% | 8.90% | 0.88x | 2.35x | CN¥31.79 Million |
| 2022 | 18.02% | 10.42% | 0.88x | 1.96x | CN¥37.52 Million |
| 2023 | 10.38% | 12.18% | 0.58x | 1.47x | CN¥4.42 Million |
| 2024 | 10.38% | 11.19% | 0.67x | 1.39x | CN¥4.69 Million |
Industry Comparison
This section compares Zhejiang Tongxing Technology Co. Ltd. A's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,126,582,124
- Average return on equity (ROE) among peers: 8.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Tongxing Technology Co. Ltd. A (301252) | CN¥1.27 Billion | 18.37% | 0.38x | $912.52 Million |
| XJ Electric Co Ltd (000400) | $2.20 Billion | 5.89% | 1.09x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $874.93 Million | -1.17% | 1.71x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.71 Billion | 7.84% | 0.11x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $86.35 Million | 23.75% | 0.85x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.31 Billion | 8.55% | 0.86x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $1.22 Billion | 3.70% | 0.93x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.54 Billion | 5.61% | 1.58x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $65.21 Million | 33.34% | 0.57x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $183.97 Million | -6.05% | 0.22x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $11.08 Billion | 1.35% | 1.51x | $9.75 Billion |
About Zhejiang Tongxing Technology Co. Ltd. A
Zhejiang Tongxing Technology CO., Ltd. engages in the research and development, production, and sale of refrigeration equipment and related products in China. It offers heat exchangers, refrigeration system pipe assemblies, automotive air conditioning pipes, refrigeration unit modules, and related processing services for refrigeration system pipe assemblies. The company was incorporated in 2001 a… Read more