China Television Media Ltd (600088) - Net Assets
Based on the latest financial reports, China Television Media Ltd (600088) has net assets worth CN¥1.31 Billion CNY (≈ $192.03 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¥1.62 Billion ≈ $236.71 Million USD) and total liabilities (CN¥305.37 Million ≈ $44.69 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 China Television Media Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.31 Billion |
| % of Total Assets | 81.12% |
| Annual Growth Rate | 9.03% |
| 5-Year Change | 17.68% |
| 10-Year Change | 11.99% |
| Growth Volatility | 57.36 |
China Television Media Ltd - Net Assets Trend (1994–2024)
This chart illustrates how China Television Media Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 600088 asset base for the complete picture of this company's asset base.
Annual Net Assets for China Television Media Ltd (1994–2024)
The table below shows the annual net assets of China Television Media Ltd from 1994 to 2024. For live valuation and market cap data, see market value of China Television Media Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.34 Billion ≈ $195.75 Million |
+3.40% |
| 2023-12-31 | CN¥1.29 Billion ≈ $189.31 Million |
+23.70% |
| 2022-12-31 | CN¥1.05 Billion ≈ $153.04 Million |
-6.01% |
| 2021-12-31 | CN¥1.11 Billion ≈ $162.82 Million |
-2.12% |
| 2020-12-31 | CN¥1.14 Billion ≈ $166.34 Million |
-11.25% |
| 2019-12-31 | CN¥1.28 Billion ≈ $187.43 Million |
+5.04% |
| 2018-12-31 | CN¥1.22 Billion ≈ $178.44 Million |
+8.73% |
| 2017-12-31 | CN¥1.12 Billion ≈ $164.12 Million |
+6.06% |
| 2016-12-31 | CN¥1.06 Billion ≈ $154.74 Million |
-11.47% |
| 2015-12-31 | CN¥1.19 Billion ≈ $174.79 Million |
+1.07% |
| 2014-12-31 | CN¥1.18 Billion ≈ $172.94 Million |
+3.11% |
| 2013-12-31 | CN¥1.15 Billion ≈ $167.72 Million |
+5.45% |
| 2012-12-31 | CN¥1.09 Billion ≈ $159.05 Million |
+1.88% |
| 2011-12-31 | CN¥1.07 Billion ≈ $156.11 Million |
+3.52% |
| 2010-12-31 | CN¥1.03 Billion ≈ $150.80 Million |
+6.21% |
| 2009-12-31 | CN¥970.35 Million ≈ $141.99 Million |
+11.79% |
| 2008-12-31 | CN¥867.98 Million ≈ $127.01 Million |
+3.78% |
| 2007-12-31 | CN¥836.38 Million ≈ $122.39 Million |
+4.25% |
| 2006-12-31 | CN¥802.30 Million ≈ $117.40 Million |
+4.25% |
| 2005-12-31 | CN¥769.61 Million ≈ $112.62 Million |
+0.62% |
| 2004-12-31 | CN¥764.88 Million ≈ $111.93 Million |
+2.22% |
| 2003-12-31 | CN¥748.30 Million ≈ $109.50 Million |
-0.07% |
| 2002-12-31 | CN¥748.86 Million ≈ $109.58 Million |
+1.42% |
| 2001-12-31 | CN¥738.34 Million ≈ $108.04 Million |
+3.39% |
| 2000-12-31 | CN¥714.13 Million ≈ $104.50 Million |
+0.80% |
| 1999-12-31 | CN¥708.48 Million ≈ $103.67 Million |
+13.03% |
| 1998-12-31 | CN¥626.81 Million ≈ $91.72 Million |
+11.64% |
| 1997-12-31 | CN¥561.45 Million ≈ $82.16 Million |
+320.61% |
| 1996-12-31 | CN¥133.49 Million ≈ $19.53 Million |
+31.13% |
| 1995-12-31 | CN¥101.79 Million ≈ $14.90 Million |
+1.74% |
| 1994-12-31 | CN¥100.06 Million ≈ $14.64 Million |
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Equity Component Analysis
This analysis shows how different components contribute to China Television Media 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 43449064300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥434.49 Million | 33.76% |
| Common Stock | CN¥397.71 Million | 30.90% |
| Other Comprehensive Income | CN¥215.37 Million | 16.73% |
| Other Components | CN¥239.42 Million | 18.60% |
| Total Equity | CN¥1.29 Billion | 100.00% |
China Television Media Ltd Competitors by Market Cap
The table below lists competitors of China Television Media Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Mingzhu Group Co Ltd
SHG:600382
|
$850.51 Million |
|
Xuchang Yuandong Drive Shaft Co Ltd
SHE:002406
|
$850.56 Million |
|
Itcen Co. Ltd
KQ:124500
|
$850.74 Million |
|
Treasure ASA
OL:TRE
|
$850.94 Million |
|
FARO Technologies Inc
NASDAQ:FARO
|
$849.75 Million |
|
Dynamatic Technologies Limited
NSE:DYNAMATECH
|
$849.63 Million |
|
N-Able Inc
NYSE:NABL
|
$849.58 Million |
|
Crystal Growth & Energy Equipment Co. Ltd. A
SHG:688478
|
$849.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Television Media Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,246,410,731 to 1,286,983,790, a change of 40,573,059 (3.3%).
- Net income of 43,846,433 contributed positively to equity growth.
- Dividend payments of 13,800,427 reduced retained earnings.
- Other comprehensive income increased equity by 8,328,925.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥43.85 Million | +3.41% |
| Dividends Paid | CN¥13.80 Million | -1.07% |
| Other Comprehensive Income | CN¥8.33 Million | +0.65% |
| Other Changes | CN¥2.20 Million | +0.17% |
| Total Change | CN¥- | 3.26% |
Book Value vs Market Value Analysis
This analysis compares China Television Media 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: 4.53x
- 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 57.94x to 4.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CN¥0.25 | CN¥14.61 | x |
| 1995-12-31 | CN¥0.26 | CN¥14.61 | x |
| 1996-12-31 | CN¥0.34 | CN¥14.61 | x |
| 1997-12-31 | CN¥1.41 | CN¥14.61 | x |
| 1998-12-31 | CN¥1.58 | CN¥14.61 | x |
| 1999-12-31 | CN¥1.79 | CN¥14.61 | x |
| 2000-12-31 | CN¥1.80 | CN¥14.61 | x |
| 2001-12-31 | CN¥1.82 | CN¥14.61 | x |
| 2002-12-31 | CN¥1.83 | CN¥14.61 | x |
| 2003-12-31 | CN¥1.84 | CN¥14.61 | x |
| 2004-12-31 | CN¥1.87 | CN¥14.61 | x |
| 2005-12-31 | CN¥1.89 | CN¥14.61 | x |
| 2006-12-31 | CN¥1.96 | CN¥14.61 | x |
| 2007-12-31 | CN¥2.05 | CN¥14.61 | x |
| 2008-12-31 | CN¥2.12 | CN¥14.61 | x |
| 2009-12-31 | CN¥2.35 | CN¥14.61 | x |
| 2010-12-31 | CN¥2.50 | CN¥14.61 | x |
| 2011-12-31 | CN¥2.61 | CN¥14.61 | x |
| 2012-12-31 | CN¥2.64 | CN¥14.61 | x |
| 2013-12-31 | CN¥2.78 | CN¥14.61 | x |
| 2014-12-31 | CN¥2.86 | CN¥14.61 | x |
| 2015-12-31 | CN¥2.91 | CN¥14.61 | x |
| 2016-12-31 | CN¥2.55 | CN¥14.61 | x |
| 2017-12-31 | CN¥3.29 | CN¥14.61 | x |
| 2018-12-31 | CN¥2.96 | CN¥14.61 | x |
| 2019-12-31 | CN¥3.11 | CN¥14.61 | x |
| 2020-12-31 | CN¥2.76 | CN¥14.61 | x |
| 2021-12-31 | CN¥2.68 | CN¥14.61 | x |
| 2022-12-31 | CN¥2.52 | CN¥14.61 | x |
| 2023-12-31 | CN¥3.14 | CN¥14.61 | x |
| 2024-12-31 | CN¥3.23 | CN¥14.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Television Media 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): 3.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.85%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.38x
- Recent ROE (3.41%) is below the historical average (9.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 45.63% | 70.13% | 0.62x | 1.06x | CN¥35.65 Million |
| 1995 | 68.14% | 79.30% | 0.78x | 1.11x | CN¥59.19 Million |
| 1996 | 49.41% | 72.37% | 0.63x | 1.08x | CN¥52.61 Million |
| 1997 | 12.61% | 68.18% | 0.16x | 1.16x | CN¥14.66 Million |
| 1998 | 10.43% | 38.51% | 0.26x | 1.04x | CN¥2.67 Million |
| 1999 | 7.28% | 28.30% | 0.22x | 1.15x | CN¥-19.25 Million |
| 2000 | 3.34% | 11.66% | 0.25x | 1.13x | CN¥-47.55 Million |
| 2001 | 3.72% | 7.45% | 0.37x | 1.34x | CN¥-45.31 Million |
| 2002 | 0.31% | 0.72% | 0.34x | 1.25x | CN¥-70.27 Million |
| 2003 | 0.43% | 1.01% | 0.33x | 1.30x | CN¥-69.71 Million |
| 2004 | 1.62% | 3.34% | 0.37x | 1.30x | CN¥-62.12 Million |
| 2005 | 2.71% | 4.87% | 0.41x | 1.36x | CN¥-54.62 Million |
| 2006 | 6.11% | 7.48% | 0.51x | 1.59x | CN¥-30.26 Million |
| 2007 | 6.57% | 6.72% | 0.54x | 1.81x | CN¥-27.89 Million |
| 2008 | 6.43% | 5.47% | 0.55x | 2.12x | CN¥-30.18 Million |
| 2009 | 12.25% | 8.46% | 0.94x | 1.54x | CN¥21.00 Million |
| 2010 | 8.04% | 6.80% | 0.68x | 1.74x | CN¥-19.38 Million |
| 2011 | 7.07% | 5.68% | 0.56x | 2.24x | CN¥-30.39 Million |
| 2012 | 4.29% | 3.83% | 0.63x | 1.77x | CN¥-60.07 Million |
| 2013 | 6.12% | 5.46% | 0.81x | 1.39x | CN¥-42.97 Million |
| 2014 | 4.63% | 6.97% | 0.50x | 1.32x | CN¥-61.21 Million |
| 2015 | 2.29% | 5.14% | 0.35x | 1.28x | CN¥-88.58 Million |
| 2016 | -12.27% | -24.24% | 0.38x | 1.34x | CN¥-226.46 Million |
| 2017 | 7.54% | 11.45% | 0.51x | 1.29x | CN¥-26.86 Million |
| 2018 | 9.71% | 14.12% | 0.51x | 1.34x | CN¥-3.37 Million |
| 2019 | 7.27% | 10.50% | 0.52x | 1.32x | CN¥-33.69 Million |
| 2020 | -10.39% | -14.67% | 0.49x | 1.43x | CN¥-224.04 Million |
| 2021 | 0.59% | 0.53% | 0.72x | 1.54x | CN¥-100.40 Million |
| 2022 | -6.68% | -5.82% | 0.74x | 1.56x | CN¥-166.97 Million |
| 2023 | 19.04% | 21.28% | 0.66x | 1.36x | CN¥112.63 Million |
| 2024 | 3.41% | 3.85% | 0.64x | 1.38x | CN¥-84.85 Million |
Industry Comparison
This section compares China Television Media Ltd's net assets metrics with peer companies in the Entertainment industry.
Industry Context
- Industry: Entertainment
- Average net assets among peers: $4,324,315,870
- Average return on equity (ROE) among peers: -4.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Television Media Ltd (600088) | CN¥1.31 Billion | 45.63% | 0.23x | $850.26 Million |
| Wasu Media Holding Co Ltd (000156) | $10.11 Billion | 5.95% | 0.39x | $2.01 Billion |
| Huawen Media Investment Corp (000793) | $9.99 Billion | 8.59% | 0.34x | $797.87 Million |
| Beijing Jingxi Culture&Tourism Co Ltd (000802) | $1.04 Billion | 2.05% | 0.37x | $451.51 Million |
| CITIC Guoan Information Industry Co Ltd (000839) | $6.93 Billion | 5.07% | 0.59x | $1.70 Billion |
| Guangdong Alpha Animation and Culture Co Ltd (002292) | $1.58 Billion | 11.48% | 0.22x | $1.80 Billion |
| Ciwen Media Co Ltd (002343) | $1.40 Billion | 5.15% | 0.21x | $429.75 Million |
| Perfect World Co Ltd (002624) | $10.13 Billion | 14.84% | 0.64x | $4.32 Billion |
| Wanda Cinema Line Corp (002739) | $1.21 Billion | 25.19% | 0.58x | $3.12 Billion |
| Shanghai Lisheng Racing Co Ltd (002858) | $767.19 Million | -8.35% | 0.34x | $410.17 Million |
| Guangzhou Jinyi Media Corp (002905) | $76.83 Million | -117.60% | 37.67x | $524.79 Million |
About China Television Media Ltd
China Television Media, Ltd. engages in the film and television (TV) program production and sales business in China. The company is involved in the planning, investment, production, and distribution of series, including of TV dramas, new media TV series, movies, TV movies, and digital movies; copyright management of film and TV products; film and TV technical services; and film and TV production … Read more