Tbea Co Ltd (600089) - Net Assets

Latest as of September 2025: CN¥92.94 Billion CNY ≈ $13.60 Billion USD

Based on the latest financial reports, Tbea Co Ltd (600089) has net assets worth CN¥92.94 Billion CNY (≈ $13.60 Billion 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¥224.40 Billion ≈ $32.84 Billion USD) and total liabilities (CN¥131.46 Billion ≈ $19.24 Billion 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 Tbea Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Tbea Co Ltd assets under control for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 600089 market cap.

Year	Net Assets	Change
2024-12-31	CN¥90.04 Billion ≈ $13.18 Billion	+2.63%
2023-12-31	CN¥87.73 Billion ≈ $12.84 Billion	+9.45%
2022-12-31	CN¥80.16 Billion ≈ $11.73 Billion	+40.72%
2021-12-31	CN¥56.96 Billion ≈ $8.34 Billion	+22.25%
2020-12-31	CN¥46.60 Billion ≈ $6.82 Billion	+8.29%
2019-12-31	CN¥43.03 Billion ≈ $6.30 Billion	+10.38%
2018-12-31	CN¥38.98 Billion ≈ $5.70 Billion	+14.59%
2017-12-31	CN¥34.02 Billion ≈ $4.98 Billion	+24.08%
2016-12-31	CN¥27.42 Billion ≈ $4.01 Billion	+11.14%
2015-12-31	CN¥24.67 Billion ≈ $3.61 Billion	+17.36%
2014-12-31	CN¥21.02 Billion ≈ $3.08 Billion	+31.78%
2013-12-31	CN¥15.95 Billion ≈ $2.33 Billion	+7.08%
2012-12-31	CN¥14.90 Billion ≈ $2.18 Billion	+6.00%
2011-12-31	CN¥14.05 Billion ≈ $2.06 Billion	+11.04%
2010-12-31	CN¥12.66 Billion ≈ $1.85 Billion	+58.87%
2009-12-31	CN¥7.97 Billion ≈ $1.17 Billion	+34.44%
2008-12-31	CN¥5.93 Billion ≈ $867.09 Million	+77.67%
2007-12-31	CN¥3.34 Billion ≈ $488.03 Million	+43.34%
2006-12-31	CN¥2.33 Billion ≈ $340.47 Million	+10.47%
2005-12-31	CN¥2.11 Billion ≈ $308.20 Million	+13.65%
2004-12-31	CN¥1.85 Billion ≈ $271.17 Million	+24.95%
2003-12-31	CN¥1.48 Billion ≈ $217.02 Million	+48.12%
2002-12-31	CN¥1.00 Billion ≈ $146.51 Million	+6.77%
2001-12-31	CN¥937.75 Million ≈ $137.22 Million	+6.74%
2000-12-31	CN¥878.52 Million ≈ $128.56 Million	+55.16%
1999-12-31	CN¥566.20 Million ≈ $82.85 Million	+24.97%
1998-12-31	CN¥453.06 Million ≈ $66.30 Million	+82.73%
1997-12-31	CN¥247.94 Million ≈ $36.28 Million	+167.82%
1996-12-31	CN¥92.58 Million ≈ $13.55 Million	+294.11%
1995-12-31	CN¥23.49 Million ≈ $3.44 Million	+6.14%
1994-12-31	CN¥22.13 Million ≈ $3.24 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
Allegheny Technologies Incorporated NYSE:ATI	$19.84 Billion
Hyundai Rotem Co KO:064350	$19.86 Billion
POSCO Holdings Inc NYSE:PKX	$19.86 Billion
Dawning Information Industry Co Ltd SHG:603019	$19.90 Billion
BWX Technologies Inc NYSE:BWXT	$19.82 Billion
Albemarle Corp NYSE:ALB	$19.80 Billion
EXACT Sciences Corporation NASDAQ:EXAS	$19.80 Billion
KUAISHOU TECHNOLOGY CL.B F:5Y0	$19.80 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: 2.07x
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 2267.83x to 2.07x 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¥26.82	x
1995-12-31	CN¥0.01	CN¥26.82	x
1996-12-31	CN¥0.05	CN¥26.82	x
1997-12-31	CN¥0.13	CN¥26.82	x
1998-12-31	CN¥0.24	CN¥26.82	x
1999-12-31	CN¥0.28	CN¥26.82	x
2000-12-31	CN¥0.45	CN¥26.82	x
2001-12-31	CN¥0.45	CN¥26.82	x
2002-12-31	CN¥0.49	CN¥26.82	x
2003-12-31	CN¥0.55	CN¥26.82	x
2004-12-31	CN¥0.75	CN¥26.82	x
2005-12-31	CN¥0.84	CN¥26.82	x
2006-12-31	CN¥0.89	CN¥26.82	x
2007-12-31	CN¥1.16	CN¥26.82	x
2008-12-31	CN¥2.18	CN¥26.82	x
2009-12-31	CN¥2.08	CN¥26.82	x
2010-12-31	CN¥3.38	CN¥26.82	x
2011-12-31	CN¥3.41	CN¥26.82	x
2012-12-31	CN¥3.62	CN¥26.82	x
2013-12-31	CN¥4.11	CN¥26.82	x
2014-12-31	CN¥4.61	CN¥26.82	x
2015-12-31	CN¥4.78	CN¥26.82	x
2016-12-31	CN¥5.54	CN¥26.82	x
2017-12-31	CN¥6.30	CN¥26.82	x
2018-12-31	CN¥6.02	CN¥26.82	x
2019-12-31	CN¥6.24	CN¥26.82	x
2020-12-31	CN¥6.86	CN¥26.82	x
2021-12-31	CN¥8.81	CN¥26.82	x
2022-12-31	CN¥11.51	CN¥26.82	x
2023-12-31	CN¥13.96	CN¥26.82	x
2024-12-31	CN¥12.99	CN¥26.82	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: $1,164,821,620
Average return on equity (ROE) among peers: -27.63%

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	$19.83 Billion
XJ Electric Co Ltd (000400)	$789.62 Million	13.31%	0.28x	$3.75 Billion
Guangdong Macro Co Ltd (000533)	$259.29 Million	-377.39%	9.44x	$1.28 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$3.00 Billion	13.36%	0.15x	$1.02 Billion
Dongfang Electronics Co Ltd (000682)	$1.32 Billion	0.16%	0.16x	$2.56 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$967.32 Million	3.48%	4.72x	$834.77 Million
Huagong Tech Co Ltd (000988)	$141.93 Million	21.53%	0.30x	$17.59 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$1.48 Billion	7.41%	1.41x	$1.79 Billion
Sieyuan Electric Co Ltd (002028)	$478.86 Million	17.57%	0.71x	$22.29 Billion
Shanghai Welltech Automation Co Ltd (002058)	$170.82 Million	5.01%	0.32x	$526.87 Million
Gotion High tech Co Ltd (002074)	$3.04 Billion	19.22%	1.21x	$9.75 Billion

About Tbea Co Ltd

SHG:600089 China Electrical Equipment & Parts

Market Cap

$19.83 Billion

CN¥135.52 Billion CNY

Market Cap Rank

#1273 Global

#115 in China

Share Price

CN¥26.82

Change (1 day)

-1.58%

52-Week Range

CN¥11.46 - CN¥32.78

All Time High

CN¥32.78