Tbea Co Ltd

SHG:600089 China Electrical Equipment & Parts
Market Cap
$20.88 Billion
CN¥153.20 Billion CNY
Market Cap Rank
#1134 Global
#39 in China
Share Price
CN¥30.32
Change (1 day)
-1.69%
52-Week Range
CN¥11.13 - CN¥32.78
All Time High
CN¥32.78
Categories
Companies in China Electrical Equipment & Parts
About

TBEA Co., Ltd., together with its subsidiaries, provides power transmission, renewable energy, new materials, and energy solutions in China and internationally. The company produces and sells transformers, switches, electric wires and cables, cable accessories, smart distribution grids, and charging facilities. It also provides power control systems, photovoltaic products, polycrystalline silicon… Read more

Tbea Co Ltd (600089) - Net Assets

Latest net assets as of September 2025: CN¥92.94 Billion CNY

Based on the latest financial reports, Tbea Co Ltd (600089) has net assets worth CN¥92.94 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¥224.40 Billion) and total liabilities (CN¥131.46 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¥92.94 Billion
% of Total Assets 41.42%
Annual Growth Rate 31.92%
5-Year Change 93.24%
10-Year Change 265.01%
Growth Volatility 57.77

Tbea Co Ltd - Net Assets Trend (1994–2024)

This chart illustrates how Tbea 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 Tbea Co Ltd (1994–2024)

The table below shows the annual net assets of Tbea Co Ltd from 1994 to 2024.

Year Net Assets Change
2024-12-31 CN¥90.04 Billion +2.63%
2023-12-31 CN¥87.73 Billion +9.45%
2022-12-31 CN¥80.16 Billion +40.72%
2021-12-31 CN¥56.96 Billion +22.25%
2020-12-31 CN¥46.60 Billion +8.29%
2019-12-31 CN¥43.03 Billion +10.38%
2018-12-31 CN¥38.98 Billion +14.59%
2017-12-31 CN¥34.02 Billion +24.08%
2016-12-31 CN¥27.42 Billion +11.14%
2015-12-31 CN¥24.67 Billion +17.36%
2014-12-31 CN¥21.02 Billion +31.78%
2013-12-31 CN¥15.95 Billion +7.08%
2012-12-31 CN¥14.90 Billion +6.00%
2011-12-31 CN¥14.05 Billion +11.04%
2010-12-31 CN¥12.66 Billion +58.87%
2009-12-31 CN¥7.97 Billion +34.44%
2008-12-31 CN¥5.93 Billion +77.67%
2007-12-31 CN¥3.34 Billion +43.34%
2006-12-31 CN¥2.33 Billion +10.47%
2005-12-31 CN¥2.11 Billion +13.65%
2004-12-31 CN¥1.85 Billion +24.95%
2003-12-31 CN¥1.48 Billion +48.12%
2002-12-31 CN¥1.00 Billion +6.77%
2001-12-31 CN¥937.75 Million +6.74%
2000-12-31 CN¥878.52 Million +55.16%
1999-12-31 CN¥566.20 Million +24.97%
1998-12-31 CN¥453.06 Million +82.73%
1997-12-31 CN¥247.94 Million +167.82%
1996-12-31 CN¥92.58 Million +294.11%
1995-12-31 CN¥23.49 Million +6.14%
1994-12-31 CN¥22.13 Million --

Equity Component Analysis

This analysis shows how different components contribute to Tbea 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 1005276.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥42.63 Billion 63.21%
Common Stock CN¥5.05 Billion 7.49%
Other Components CN¥19.76 Billion 29.30%
Total Equity CN¥67.44 Billion 100.00%

Tbea Co Ltd Competitors by Market Cap

The table below lists competitors of Tbea Co Ltd ranked by their market capitalization.

Company Market Cap
Global Payments Inc
NYSE:GPN
 		$17.00 Billion
Yum China Holdings Inc
NYSE:YUMC
 		$17.08 Billion
Centene Corp
NYSE:CNC
 		$17.10 Billion
Novonesis (Novozymes) A/S
CO:NSIS-B
 		$17.10 Billion
B3 S.A. - Brasil Bolsa Balcão
PINK:BOLSY
 		$16.93 Billion
Astellas Pharma Inc
PINK:ALPMF
 		$16.93 Billion
PTT Exploration & Production
PINK:PEXNY
 		$16.92 Billion
FOX CORP. A DL-01
F:FO5
 		$16.92 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Tbea Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 62,562,749,942 to 67,439,883,000, a change of 4,877,133,058 (7.8%).
  • Net income of 4,134,756,000 contributed positively to equity growth.
  • Dividend payments of 2,407,957,000 reduced retained earnings.
  • Share repurchases of 1,030,280,000 reduced equity.
  • Other factors increased equity by 4,180,614,058.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥4.13 Billion +6.13%
Dividends Paid CN¥2.41 Billion -3.57%
Share Repurchases CN¥1.03 Billion -1.53%
Other Changes CN¥4.18 Billion +6.2%
Total Change CN¥- 7.80%

Book Value vs Market Value Analysis

This analysis compares Tbea 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: 2.33x
  • 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 2563.78x to 2.33x 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¥0.01 CN¥30.32 x
1995-12-31 CN¥0.01 CN¥30.32 x
1996-12-31 CN¥0.05 CN¥30.32 x
1997-12-31 CN¥0.13 CN¥30.32 x
1998-12-31 CN¥0.24 CN¥30.32 x
1999-12-31 CN¥0.28 CN¥30.32 x
2000-12-31 CN¥0.45 CN¥30.32 x
2001-12-31 CN¥0.45 CN¥30.32 x
2002-12-31 CN¥0.49 CN¥30.32 x
2003-12-31 CN¥0.55 CN¥30.32 x
2004-12-31 CN¥0.75 CN¥30.32 x
2005-12-31 CN¥0.84 CN¥30.32 x
2006-12-31 CN¥0.89 CN¥30.32 x
2007-12-31 CN¥1.16 CN¥30.32 x
2008-12-31 CN¥2.18 CN¥30.32 x
2009-12-31 CN¥2.08 CN¥30.32 x
2010-12-31 CN¥3.38 CN¥30.32 x
2011-12-31 CN¥3.41 CN¥30.32 x
2012-12-31 CN¥3.62 CN¥30.32 x
2013-12-31 CN¥4.11 CN¥30.32 x
2014-12-31 CN¥4.61 CN¥30.32 x
2015-12-31 CN¥4.78 CN¥30.32 x
2016-12-31 CN¥5.54 CN¥30.32 x
2017-12-31 CN¥6.30 CN¥30.32 x
2018-12-31 CN¥6.02 CN¥30.32 x
2019-12-31 CN¥6.24 CN¥30.32 x
2020-12-31 CN¥6.86 CN¥30.32 x
2021-12-31 CN¥8.81 CN¥30.32 x
2022-12-31 CN¥11.51 CN¥30.32 x
2023-12-31 CN¥13.96 CN¥30.32 x
2024-12-31 CN¥12.99 CN¥30.32 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tbea 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): 6.13%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 4.23%
  • • Asset Turnover: 0.47x
  • • Equity Multiplier: 3.08x
  • Recent ROE (6.13%) is below the historical average (12.90%), 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 25.45% 17.86% 0.53x 2.67x CN¥3.36 Million
1995 23.82% 13.59% 0.58x 3.01x CN¥3.18 Million
1996 20.43% 15.01% 0.72x 1.88x CN¥9.60 Million
1997 14.82% 17.18% 0.47x 1.84x CN¥11.95 Million
1998 10.74% 10.22% 0.51x 2.07x CN¥3.22 Million
1999 17.49% 14.32% 0.50x 2.44x CN¥38.87 Million
2000 6.94% 5.70% 0.55x 2.22x CN¥-25.13 Million
2001 9.70% 6.12% 0.59x 2.69x CN¥-2.50 Million
2002 9.71% 4.92% 0.65x 3.03x CN¥-2.61 Million
2003 11.03% 4.79% 0.47x 4.86x CN¥10.40 Million
2004 6.87% 2.59% 0.61x 4.35x CN¥-43.42 Million
2005 8.10% 2.80% 0.66x 4.38x CN¥-29.38 Million
2006 12.81% 3.74% 0.83x 4.11x CN¥50.44 Million
2007 21.83% 6.03% 0.89x 4.07x CN¥291.90 Million
2008 18.46% 7.69% 0.83x 2.91x CN¥441.19 Million
2009 21.93% 10.36% 0.78x 2.71x CN¥831.51 Million
2010 13.66% 9.07% 0.75x 2.00x CN¥431.58 Million
2011 9.57% 6.77% 0.54x 2.62x CN¥-55.81 Million
2012 7.18% 4.82% 0.48x 3.08x CN¥-385.43 Million
2013 9.10% 4.55% 0.58x 3.47x CN¥-131.77 Million
2014 8.43% 4.57% 0.61x 3.03x CN¥-306.14 Million
2015 9.03% 5.04% 0.53x 3.36x CN¥-202.23 Million
2016 9.44% 5.46% 0.53x 3.23x CN¥-128.93 Million
2017 7.47% 5.74% 0.46x 2.84x CN¥-745.06 Million
2018 6.26% 5.16% 0.43x 2.83x CN¥-1.22 Billion
2019 5.79% 5.46% 0.36x 2.93x CN¥-1.47 Billion
2020 6.51% 5.49% 0.41x 2.91x CN¥-1.31 Billion
2021 16.42% 10.52% 0.55x 2.86x CN¥2.84 Billion
2022 27.58% 16.51% 0.57x 2.95x CN¥10.14 Billion
2023 17.11% 10.91% 0.51x 3.07x CN¥4.45 Billion
2024 6.13% 4.23% 0.47x 3.08x CN¥-2.61 Billion

Industry Comparison

This section compares Tbea Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.

Industry Context

  • Industry: Electrical Equipment & Parts
  • Average net assets among peers: $2,399,685,798
  • Average return on equity (ROE) among peers: -30.02%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Tbea Co Ltd (600089) CN¥92.94 Billion 25.45% 1.41x $16.96 Billion
XJ Electric Co Ltd (000400) $11.69 Billion 8.60% 0.87x $2.50 Billion
Guangdong Macro Co Ltd (000533) $259.29 Million -377.39% 9.44x $880.32 Million
Shandong Xinneng Taishan Power Generation Co Ltd (000720) $1.31 Billion 8.55% 0.86x $364.23 Million
Huagong Tech Co Ltd (000988) $3.01 Billion 5.01% 0.66x $9.70 Billion
Hunan Valin Wire & Cable Co Ltd (001208) $1.62 Billion 6.74% 1.87x $855.32 Million
Shijiazhuang Shangtai Technology Co. Ltd. A (001301) $1.35 Billion 11.31% 0.12x $1.62 Billion
Guangdong Xinyaguang Cable Co (001382) $804.28 Million 11.99% 1.13x $201.71 Million
Sieyuan Electric Co Ltd (002028) $3.44 Billion 10.09% 0.45x $14.61 Billion
Shanghai Welltech Automation Co Ltd (002058) $186.07 Million 7.07% 0.22x $217.00 Million
Gotion High tech Co Ltd (002074) $324.01 Million 7.87% 0.45x $5.08 Billion