Tsinghuatongfang Co Ltd (600100) - Net Assets
Based on the latest financial reports, Tsinghuatongfang Co Ltd (600100) has net assets worth CN¥20.36 Billion CNY (≈ $2.98 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥48.73 Billion ≈ $7.13 Billion USD) and total liabilities (CN¥28.37 Billion ≈ $4.15 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 Tsinghuatongfang Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥20.36 Billion |
| % of Total Assets | 41.78% |
| Annual Growth Rate | 20.87% |
| 5-Year Change | 1.72% |
| 10-Year Change | -15.69% |
| Growth Volatility | 80.73 |
Tsinghuatongfang Co Ltd - Net Assets Trend (1994–2025)
This chart illustrates how Tsinghuatongfang Co Ltd's net assets have evolved over time, based on quarterly financial data. See Tsinghuatongfang Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tsinghuatongfang Co Ltd (1994–2025)
The table below shows the annual net assets of Tsinghuatongfang Co Ltd from 1994 to 2025. For live valuation and market cap data, see Tsinghuatongfang Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥20.70 Billion ≈ $3.03 Billion |
-4.33% |
| 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 grown by 20495.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.98 Billion | 12.28% |
| Other Components | CN¥14.13 Billion | 87.72% |
| Total Equity | CN¥16.11 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 |
|---|---|
|
Laboratorios Farmaceuticos ROVI
MC:ROVI
|
$3.49 Billion |
|
CommVault Systems Inc
NASDAQ:CVLT
|
$3.49 Billion |
|
APERAM S.A. NY SHS/1 O.N.
F:7AAN
|
$3.49 Billion |
|
Wendel
PA:MF
|
$3.49 Billion |
|
EASYJET PLC SP.ADR NEW/4
F:EJTS
|
$3.49 Billion |
|
Aperam SA
AS:APAM
|
$3.48 Billion |
|
Incitec Pivot Ltd
AU:IPL
|
$3.48 Billion |
|
SkyWest Inc
NASDAQ:SKYW
|
$3.48 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 2024 to 2025, total equity changed from 16,795,745,000 to 16,108,148,746, a change of -687,596,254 (-4.1%).
- Net income of 495,005,723 contributed positively to equity growth.
- Dividend payments of 457,210,217 reduced retained earnings.
- Other comprehensive income decreased equity by 1,282,116,000.
- Other factors increased equity by 556,724,239.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥495.01 Million | +3.07% |
| Dividends Paid | CN¥457.21 Million | -2.84% |
| Other Comprehensive Income | CN¥-1.28 Billion | -7.96% |
| Other Changes | CN¥556.72 Million | +3.46% |
| Total Change | CN¥- | -4.09% |
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: 1.48x
- 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 416.99x to 1.48x 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¥7.11 | x |
| 1995-12-31 | CN¥0.03 | CN¥7.11 | x |
| 1996-12-31 | CN¥0.03 | CN¥7.11 | x |
| 1997-12-31 | CN¥0.15 | CN¥7.11 | x |
| 1998-12-31 | CN¥0.19 | CN¥7.11 | x |
| 1999-12-31 | CN¥0.39 | CN¥7.11 | x |
| 2000-12-31 | CN¥0.77 | CN¥7.11 | x |
| 2001-12-31 | CN¥0.79 | CN¥7.11 | x |
| 2002-12-31 | CN¥1.85 | CN¥7.11 | x |
| 2003-12-31 | CN¥1.94 | CN¥7.11 | x |
| 2004-12-31 | CN¥1.99 | CN¥7.11 | x |
| 2005-12-31 | CN¥2.04 | CN¥7.11 | x |
| 2006-12-31 | CN¥2.15 | CN¥7.11 | x |
| 2007-12-31 | CN¥3.29 | CN¥7.11 | x |
| 2008-12-31 | CN¥3.74 | CN¥7.11 | x |
| 2009-12-31 | CN¥3.74 | CN¥7.11 | x |
| 2010-12-31 | CN¥4.00 | CN¥7.11 | x |
| 2011-12-31 | CN¥4.34 | CN¥7.11 | x |
| 2012-12-31 | CN¥4.59 | CN¥7.11 | x |
| 2013-12-31 | CN¥5.22 | CN¥7.11 | x |
| 2014-12-31 | CN¥5.19 | CN¥7.11 | x |
| 2015-12-31 | CN¥6.22 | CN¥7.11 | x |
| 2016-12-31 | CN¥7.35 | CN¥7.11 | x |
| 2017-12-31 | CN¥7.18 | CN¥7.11 | x |
| 2018-12-31 | CN¥5.40 | CN¥7.11 | x |
| 2019-12-31 | CN¥5.50 | CN¥7.11 | x |
| 2020-12-31 | CN¥5.43 | CN¥7.11 | x |
| 2021-12-31 | CN¥5.16 | CN¥7.11 | x |
| 2022-12-31 | CN¥4.45 | CN¥7.11 | x |
| 2023-12-31 | CN¥4.26 | CN¥7.11 | x |
| 2024-12-31 | CN¥5.02 | CN¥7.11 | x |
| 2025-12-31 | CN¥4.81 | CN¥7.11 | 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): 3.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.29%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 3.05x
- Recent ROE (3.07%) is below the historical average (7.71%), 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 |
| 2025 | 3.07% | 3.29% | 0.31x | 3.05x | CN¥-1.12 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: $8,189,675,894
- Average return on equity (ROE) among peers: 6.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tsinghuatongfang Co Ltd (600100) | CN¥20.36 Billion | 45.03% | 1.39x | $3.49 Billion |
| Shenzhen Kaifa Technology Co Ltd (000021) | $12.78 Billion | 5.04% | 1.14x | $10.15 Billion |
| China Greatwall Computer Shenzhen Co Ltd (000066) | $12.45 Billion | -11.88% | 1.62x | $8.42 Billion |
| TPV Technology Co Ltd (000727) | $1.20 Billion | 2.17% | 0.76x | $1.82 Billion |
| Inspur Electronic Info Industr (000977) | $17.62 Billion | 11.84% | 1.33x | $14.14 Billion |
| Ninestar Corp (002180) | $8.56 Billion | 11.10% | 3.22x | $2.94 Billion |
| Costar Group Co Ltd (002189) | $495.15 Million | 2.19% | 0.48x | $759.85 Million |
| Hangzhou Hikvision Digital Technology Co Ltd (002415) | $24.48 Billion | 30.33% | 0.69x | $43.32 Billion |
| Shenzhen Rapoo Technology (002577) | $1.16 Billion | 2.75% | 0.07x | $801.75 Million |
| Suzhou Anjie Technology Co Ltd (002635) | $2.34 Billion | 13.15% | 0.32x | $1.76 Billion |
| Netac Tech (300042) | $811.84 Million | 0.73% | 0.08x | $2.06 Billion |
About Tsinghuatongfang Co Ltd
Tsinghua Tongfang Co., Ltd. engages in nuclear technology application, smart energy, and digital information businesses in China and internationally. It operates through the Nuclear Technology Applications; Digital Information; Smart Energy; Headquarters Investment and Technology Parks; and Other Business segments. The company offers security inspection equipment and comprehensive security inspec… Read more