Tsinghuatongfang Co Ltd (600100) - Net Assets

Latest as of September 2025: CN¥20.84 Billion CNY ≈ $3.05 Billion USD

Based on the latest financial reports, Tsinghuatongfang Co Ltd (600100) has net assets worth CN¥20.84 Billion CNY (≈ $3.05 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¥50.15 Billion ≈ $7.34 Billion USD) and total liabilities (CN¥29.31 Billion ≈ $4.29 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 asset resilience ratio of Tsinghuatongfang Co Ltd to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥20.84 Billion
% of Total Assets	41.56%
Annual Growth Rate	21.81%
5-Year Change	5.28%
10-Year Change	-4.49%
Growth Volatility	81.78

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

This chart illustrates how Tsinghuatongfang Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Tsinghuatongfang Co Ltd's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Tsinghuatongfang Co Ltd (1994–2024)

The table below shows the annual net assets of Tsinghuatongfang Co Ltd from 1994 to 2024. For live valuation and market cap data, see Tsinghuatongfang Co Ltd market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥21.64 Billion ≈ $3.17 Billion	+12.40%
2023-12-31	CN¥19.25 Billion ≈ $2.82 Billion	-3.58%
2022-12-31	CN¥19.97 Billion ≈ $2.92 Billion	-1.89%
2021-12-31	CN¥20.35 Billion ≈ $2.98 Billion	-0.98%
2020-12-31	CN¥20.55 Billion ≈ $3.01 Billion	-0.23%
2019-12-31	CN¥20.60 Billion ≈ $3.01 Billion	+3.55%
2018-12-31	CN¥19.89 Billion ≈ $2.91 Billion	-19.68%
2017-12-31	CN¥24.77 Billion ≈ $3.62 Billion	+0.86%
2016-12-31	CN¥24.56 Billion ≈ $3.59 Billion	+8.39%
2015-12-31	CN¥22.66 Billion ≈ $3.32 Billion	+47.46%
2014-12-31	CN¥15.36 Billion ≈ $2.25 Billion	+12.78%
2013-12-31	CN¥13.62 Billion ≈ $1.99 Billion	+21.05%
2012-12-31	CN¥11.25 Billion ≈ $1.65 Billion	+14.54%
2011-12-31	CN¥9.83 Billion ≈ $1.44 Billion	-7.29%
2010-12-31	CN¥10.60 Billion ≈ $1.55 Billion	+12.74%
2009-12-31	CN¥9.40 Billion ≈ $1.38 Billion	+11.38%
2008-12-31	CN¥8.44 Billion ≈ $1.24 Billion	+20.81%
2007-12-31	CN¥6.99 Billion ≈ $1.02 Billion	+60.98%
2006-12-31	CN¥4.34 Billion ≈ $635.07 Million	+13.47%
2005-12-31	CN¥3.82 Billion ≈ $559.69 Million	+6.55%
2004-12-31	CN¥3.59 Billion ≈ $525.30 Million	+0.51%
2003-12-31	CN¥3.57 Billion ≈ $522.61 Million	+4.80%
2002-12-31	CN¥3.41 Billion ≈ $498.66 Million	-7.50%
2001-12-31	CN¥3.68 Billion ≈ $539.08 Million	+5.81%
2000-12-31	CN¥3.48 Billion ≈ $509.49 Million	+120.98%
1999-12-31	CN¥1.58 Billion ≈ $230.56 Million	+135.19%
1998-12-31	CN¥669.92 Million ≈ $98.03 Million	+22.17%
1997-12-31	CN¥548.33 Million ≈ $80.24 Million	+435.04%
1996-12-31	CN¥102.48 Million ≈ $15.00 Million	+20.08%
1995-12-31	CN¥85.35 Million ≈ $12.49 Million	+46.83%
1994-12-31	CN¥58.13 Million ≈ $8.51 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Tsinghuatongfang 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 decreased by 1633.4% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	CN¥3.35 Billion	19.95%
Other Comprehensive Income	CN¥1.28 Billion	7.63%
Other Components	CN¥12.31 Billion	73.30%
Total Equity	CN¥16.80 Billion	100.00%

Tsinghuatongfang Co Ltd Competitors by Market Cap

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

Company	Market Cap
Indivior PLC Ordinary Shares NASDAQ:INDV	$3.91 Billion
Shandong Shida Shenghua Chem SHG:603026	$3.91 Billion
Cosan S.A SA:CSAN3	$3.92 Billion
Asia Cement Corp TW:1102	$3.92 Billion
AUMOVIO N XETRA:AMV0	$3.91 Billion
EO Technics Co. Ltd KQ:039030	$3.91 Billion
BrightGene Bio Medical Technology C SHG:688166	$3.91 Billion
iRhythm Technologies Inc NASDAQ:IRTC	$3.90 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 14,268,090,782 to 16,795,745,000, a change of 2,527,654,218 (17.7%).
Net income of 140,615,989 contributed positively to equity growth.
Dividend payments of 500,841,471 reduced retained earnings.
Other comprehensive income increased equity by 1,119,661,438.
Other factors increased equity by 1,768,218,262.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥140.62 Million	+0.84%
Dividends Paid	CN¥500.84 Million	-2.98%
Other Comprehensive Income	CN¥1.12 Billion	+6.67%
Other Changes	CN¥1.77 Billion	+10.53%
Total Change	CN¥-	17.72%

Book Value vs Market Value Analysis

This analysis compares Tsinghuatongfang 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: 1.59x
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 468.01x to 1.59x 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¥0.02	CN¥7.98	x
1995-12-31	CN¥0.03	CN¥7.98	x
1996-12-31	CN¥0.03	CN¥7.98	x
1997-12-31	CN¥0.15	CN¥7.98	x
1998-12-31	CN¥0.19	CN¥7.98	x
1999-12-31	CN¥0.39	CN¥7.98	x
2000-12-31	CN¥0.77	CN¥7.98	x
2001-12-31	CN¥0.79	CN¥7.98	x
2002-12-31	CN¥1.85	CN¥7.98	x
2003-12-31	CN¥1.94	CN¥7.98	x
2004-12-31	CN¥1.99	CN¥7.98	x
2005-12-31	CN¥2.04	CN¥7.98	x
2006-12-31	CN¥2.15	CN¥7.98	x
2007-12-31	CN¥3.29	CN¥7.98	x
2008-12-31	CN¥3.74	CN¥7.98	x
2009-12-31	CN¥3.74	CN¥7.98	x
2010-12-31	CN¥4.00	CN¥7.98	x
2011-12-31	CN¥4.34	CN¥7.98	x
2012-12-31	CN¥4.59	CN¥7.98	x
2013-12-31	CN¥5.22	CN¥7.98	x
2014-12-31	CN¥5.19	CN¥7.98	x
2015-12-31	CN¥6.22	CN¥7.98	x
2016-12-31	CN¥7.35	CN¥7.98	x
2017-12-31	CN¥7.18	CN¥7.98	x
2018-12-31	CN¥5.40	CN¥7.98	x
2019-12-31	CN¥5.50	CN¥7.98	x
2020-12-31	CN¥5.43	CN¥7.98	x
2021-12-31	CN¥5.16	CN¥7.98	x
2022-12-31	CN¥4.45	CN¥7.98	x
2023-12-31	CN¥4.26	CN¥7.98	x
2024-12-31	CN¥5.02	CN¥7.98	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tsinghuatongfang 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): 0.84%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.84%
• Asset Turnover: 0.33x
• Equity Multiplier: 3.06x
Recent ROE (0.84%) is below the historical average (7.85%), 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	45.03%	24.53%	0.69x	2.65x	CN¥20.01 Million
1995	37.28%	20.58%	0.83x	2.19x	CN¥23.00 Million
1996	44.44%	24.19%	0.66x	2.79x	CN¥34.79 Million
1997	13.51%	18.03%	0.49x	1.53x	CN¥18.04 Million
1998	14.49%	11.43%	0.59x	2.16x	CN¥28.55 Million
1999	12.23%	9.64%	0.65x	1.95x	CN¥29.31 Million
2000	8.41%	6.52%	0.63x	2.06x	CN¥-40.94 Million
2001	10.92%	5.80%	0.83x	2.28x	CN¥24.42 Million
2002	6.65%	3.38%	0.87x	2.27x	CN¥-92.67 Million
2003	3.92%	1.69%	0.89x	2.60x	CN¥-176.04 Million
2004	3.89%	1.42%	0.90x	3.05x	CN¥-181.74 Million
2005	3.45%	1.08%	0.90x	3.56x	CN¥-199.37 Million
2006	5.00%	1.30%	0.97x	4.00x	CN¥-158.29 Million
2007	7.93%	3.01%	0.84x	3.13x	CN¥-115.30 Million
2008	3.57%	1.82%	0.77x	2.57x	CN¥-453.19 Million
2009	4.81%	2.28%	0.72x	2.93x	CN¥-379.42 Million
2010	6.00%	2.64%	0.73x	3.11x	CN¥-319.11 Million
2011	8.29%	3.37%	0.69x	3.53x	CN¥-146.17 Million
2012	6.76%	2.69%	0.68x	3.71x	CN¥-295.02 Million
2013	6.32%	2.99%	0.53x	3.98x	CN¥-393.76 Million
2014	6.55%	2.91%	0.52x	4.31x	CN¥-398.65 Million
2015	7.15%	4.43%	0.50x	3.22x	CN¥-503.55 Million
2016	19.74%	15.83%	0.47x	2.64x	CN¥2.12 Billion
2017	0.49%	0.40%	0.41x	2.99x	CN¥-2.02 Billion
2018	-24.26%	-15.62%	0.39x	3.98x	CN¥-5.48 Billion
2019	1.82%	1.29%	0.37x	3.80x	CN¥-1.33 Billion
2020	0.64%	0.40%	0.42x	3.87x	CN¥-1.51 Billion
2021	-11.81%	-6.60%	0.46x	3.89x	CN¥-3.47 Billion
2022	-5.18%	-3.25%	0.44x	3.63x	CN¥-2.26 Billion
2023	-5.36%	-2.65%	0.52x	3.86x	CN¥-2.19 Billion
2024	0.84%	0.84%	0.33x	3.06x	CN¥-1.54 Billion

Industry Comparison

This section compares Tsinghuatongfang Co Ltd's net assets metrics with peer companies in the Computer Hardware industry.

Industry Context

Industry: Computer Hardware
Average net assets among peers: $5,953,983,455
Average return on equity (ROE) among peers: 9.76%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Tsinghuatongfang Co Ltd (600100)	CN¥20.84 Billion	45.03%	1.41x	$3.91 Billion
Shenzhen Kaifa Technology Co Ltd (000021)	$12.78 Billion	5.04%	1.14x	$6.72 Billion
China Greatwall Computer Shenzhen Co Ltd (000066)	$1.66 Billion	3.63%	0.36x	$9.36 Billion
TPV Technology Co Ltd (000727)	$448.74 Million	11.92%	0.22x	$1.76 Billion
Inspur Electronic Info Industr (000977)	$9.31 Billion	7.07%	1.75x	$15.03 Billion
Ninestar Corp (002180)	$12.17 Billion	1.19%	2.14x	$3.99 Billion
Costar Group Co Ltd (002189)	$946.07 Million	17.14%	1.75x	$806.48 Million
Hangzhou Hikvision Digital Technology Co Ltd (002415)	$19.30 Billion	30.41%	0.57x	$48.67 Billion
Shenzhen Rapoo Technology (002577)	$1.06 Billion	4.38%	0.12x	$706.05 Million
Suzhou Anjie Technology Co Ltd (002635)	$948.06 Million	10.66%	0.08x	$1.59 Billion
Netac Tech (300042)	$908.57 Million	6.18%	0.05x	$1.53 Billion

About Tsinghuatongfang Co Ltd

SHG:600100 China Computer Hardware

Market Cap

$3.91 Billion

CN¥26.74 Billion CNY

Market Cap Rank

#4209 Global

#731 in China

Share Price

CN¥7.98

Change (1 day)

-0.13%

52-Week Range

CN¥6.88 - CN¥9.88

All Time High

CN¥19.35