Tianjin Realty Development Group Co Ltd (600322) - Net Assets
Based on the latest financial reports, Tianjin Realty Development Group Co Ltd (600322) has net assets worth CN¥-326.71 Million CNY (≈ $-47.81 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¥12.69 Billion ≈ $1.86 Billion USD) and total liabilities (CN¥13.01 Billion ≈ $1.90 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 how resilient are Tianjin Realty Development Group Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥-326.71 Million |
| % of Total Assets | -2.58% |
| Annual Growth Rate | -2.6% |
| 5-Year Change | -80.89% |
| 10-Year Change | -91.15% |
| Growth Volatility | 29.68 |
Tianjin Realty Development Group Co Ltd - Net Assets Trend (1998–2024)
This chart illustrates how Tianjin Realty Development Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Tianjin Realty Development Group Co Ltd (600322) total assets for the complete picture of this company's asset base.
Annual Net Assets for Tianjin Realty Development Group Co Ltd (1998–2024)
The table below shows the annual net assets of Tianjin Realty Development Group Co Ltd from 1998 to 2024. For live valuation and market cap data, see market value of Tianjin Realty Development Group Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥495.95 Million ≈ $72.57 Million |
-32.21% |
| 2023-12-31 | CN¥731.55 Million ≈ $107.05 Million |
-2.03% |
| 2022-12-31 | CN¥746.69 Million ≈ $109.26 Million |
-29.10% |
| 2021-12-31 | CN¥1.05 Billion ≈ $154.11 Million |
-59.43% |
| 2020-12-31 | CN¥2.60 Billion ≈ $379.86 Million |
-52.31% |
| 2019-12-31 | CN¥5.44 Billion ≈ $796.56 Million |
+3.44% |
| 2018-12-31 | CN¥5.26 Billion ≈ $770.05 Million |
+2.00% |
| 2017-12-31 | CN¥5.16 Billion ≈ $754.98 Million |
-1.81% |
| 2016-12-31 | CN¥5.25 Billion ≈ $768.86 Million |
-6.22% |
| 2015-12-31 | CN¥5.60 Billion ≈ $819.85 Million |
-5.71% |
| 2014-12-31 | CN¥5.94 Billion ≈ $869.54 Million |
+6.42% |
| 2013-12-31 | CN¥5.58 Billion ≈ $817.09 Million |
+11.93% |
| 2012-12-31 | CN¥4.99 Billion ≈ $729.98 Million |
+3.73% |
| 2011-12-31 | CN¥4.81 Billion ≈ $703.73 Million |
+9.82% |
| 2010-12-31 | CN¥4.38 Billion ≈ $640.79 Million |
+6.34% |
| 2009-12-31 | CN¥4.12 Billion ≈ $602.56 Million |
+3.32% |
| 2008-12-31 | CN¥3.99 Billion ≈ $583.17 Million |
+1.87% |
| 2007-12-31 | CN¥3.91 Billion ≈ $572.45 Million |
+107.69% |
| 2006-12-31 | CN¥1.88 Billion ≈ $275.62 Million |
+5.59% |
| 2005-12-31 | CN¥1.78 Billion ≈ $261.03 Million |
-0.84% |
| 2004-12-31 | CN¥1.80 Billion ≈ $263.24 Million |
+6.31% |
| 2003-12-31 | CN¥1.69 Billion ≈ $247.62 Million |
+0.38% |
| 2002-12-31 | CN¥1.69 Billion ≈ $246.67 Million |
-0.85% |
| 2001-12-31 | CN¥1.70 Billion ≈ $248.79 Million |
+51.10% |
| 2000-12-31 | CN¥1.13 Billion ≈ $164.66 Million |
+5.93% |
| 1999-12-31 | CN¥1.06 Billion ≈ $155.44 Million |
+8.05% |
| 1998-12-31 | CN¥983.07 Million ≈ $143.85 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tianjin Realty Development Group 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 378859227800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.11 Billion | 6537.29% |
| Other Comprehensive Income | CN¥353.59 Million | 2090.57% |
| Other Components | CN¥2.35 Billion | 13871.63% |
| Total Equity | CN¥16.91 Million | 100.00% |
Tianjin Realty Development Group Co Ltd Competitors by Market Cap
The table below lists competitors of Tianjin Realty Development Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Columbus McKinnon Corporation
NASDAQ:CMCO
|
$441.84 Million |
|
Covenant Logistics Group, Inc.
NASDAQ:CVLG
|
$441.94 Million |
|
Kailong High Technology Co. Ltd.
SHE:300912
|
$442.13 Million |
|
Mia Teknoloji AS
IS:MIATK
|
$442.13 Million |
|
Shandong Minhe Animal Husbandry Co Ltd
SHE:002234
|
$441.70 Million |
|
Shan Dong Delisi Food Co Ltd
SHE:002330
|
$441.59 Million |
|
WideOpenWest Inc
NYSE:WOW
|
$441.57 Million |
|
Zhejiang Shengda Pharm
SHG:603079
|
$441.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tianjin Realty Development Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 231,908,847 to 16,913,745, a change of -214,995,102 (-92.7%).
- Net loss of 210,326,227 reduced equity.
- Dividend payments of 686,232,956 reduced retained earnings.
- Other comprehensive income increased equity by 353,593,502.
- Other factors increased equity by 327,970,579.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-210.33 Million | -1243.52% |
| Dividends Paid | CN¥686.23 Million | -4057.25% |
| Other Comprehensive Income | CN¥353.59 Million | +2090.57% |
| Other Changes | CN¥327.97 Million | +1939.08% |
| Total Change | CN¥- | -92.71% |
Book Value vs Market Value Analysis
This analysis compares Tianjin Realty Development Group 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: 178.49x
- 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 increased from 2.88x to 178.49x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | CN¥0.95 | CN¥2.73 | x |
| 1999-12-31 | CN¥0.98 | CN¥2.73 | x |
| 2000-12-31 | CN¥1.01 | CN¥2.73 | x |
| 2001-12-31 | CN¥1.60 | CN¥2.73 | x |
| 2002-12-31 | CN¥1.62 | CN¥2.73 | x |
| 2003-12-31 | CN¥1.62 | CN¥2.73 | x |
| 2004-12-31 | CN¥1.64 | CN¥2.73 | x |
| 2005-12-31 | CN¥1.64 | CN¥2.73 | x |
| 2006-12-31 | CN¥1.67 | CN¥2.73 | x |
| 2007-12-31 | CN¥4.23 | CN¥2.73 | x |
| 2008-12-31 | CN¥3.30 | CN¥2.73 | x |
| 2009-12-31 | CN¥3.43 | CN¥2.73 | x |
| 2010-12-31 | CN¥3.54 | CN¥2.73 | x |
| 2011-12-31 | CN¥3.78 | CN¥2.73 | x |
| 2012-12-31 | CN¥4.06 | CN¥2.73 | x |
| 2013-12-31 | CN¥4.04 | CN¥2.73 | x |
| 2014-12-31 | CN¥4.09 | CN¥2.73 | x |
| 2015-12-31 | CN¥4.14 | CN¥2.73 | x |
| 2016-12-31 | CN¥3.76 | CN¥2.73 | x |
| 2017-12-31 | CN¥3.96 | CN¥2.73 | x |
| 2018-12-31 | CN¥4.02 | CN¥2.73 | x |
| 2019-12-31 | CN¥4.21 | CN¥2.73 | x |
| 2020-12-31 | CN¥1.93 | CN¥2.73 | x |
| 2021-12-31 | CN¥0.44 | CN¥2.73 | x |
| 2022-12-31 | CN¥0.18 | CN¥2.73 | x |
| 2023-12-31 | CN¥0.21 | CN¥2.73 | x |
| 2024-12-31 | CN¥0.02 | CN¥2.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tianjin Realty Development Group 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): -1243.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.76%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 796.02x
- Recent ROE (-1243.52%) is below the historical average (-66.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 5.86% | 10.02% | 0.23x | 2.51x | CN¥-40.20 Million |
| 1999 | 6.53% | 16.97% | 0.15x | 2.54x | CN¥-34.91 Million |
| 2000 | 6.20% | 10.97% | 0.23x | 2.47x | CN¥-39.52 Million |
| 2001 | 4.05% | 10.89% | 0.20x | 1.87x | CN¥-97.43 Million |
| 2002 | 2.07% | 6.65% | 0.17x | 1.79x | CN¥-131.31 Million |
| 2003 | 1.26% | 2.90% | 0.23x | 1.91x | CN¥-145.12 Million |
| 2004 | 0.94% | 2.80% | 0.16x | 2.12x | CN¥-151.83 Million |
| 2005 | 1.29% | 3.09% | 0.17x | 2.48x | CN¥-146.35 Million |
| 2006 | 1.97% | 3.36% | 0.20x | 3.00x | CN¥-135.15 Million |
| 2007 | 1.54% | 2.81% | 0.25x | 2.23x | CN¥-308.49 Million |
| 2008 | 3.03% | 7.46% | 0.16x | 2.57x | CN¥-258.01 Million |
| 2009 | 4.09% | 13.38% | 0.11x | 2.67x | CN¥-226.28 Million |
| 2010 | 5.64% | 11.39% | 0.16x | 3.16x | CN¥-174.71 Million |
| 2011 | 6.35% | 8.23% | 0.26x | 2.92x | CN¥-154.25 Million |
| 2012 | 5.91% | 8.10% | 0.26x | 2.77x | CN¥-180.20 Million |
| 2013 | 3.22% | 8.21% | 0.10x | 3.94x | CN¥-302.79 Million |
| 2014 | 3.67% | 5.29% | 0.17x | 4.09x | CN¥-290.51 Million |
| 2015 | 0.10% | 0.12% | 0.16x | 5.37x | CN¥-449.73 Million |
| 2016 | -9.05% | -10.67% | 0.10x | 8.28x | CN¥-793.06 Million |
| 2017 | 4.98% | 3.44% | 0.18x | 8.14x | CN¥-219.94 Million |
| 2018 | 2.98% | 3.96% | 0.11x | 7.01x | CN¥-316.80 Million |
| 2019 | 3.04% | 1.48% | 0.37x | 5.49x | CN¥-324.04 Million |
| 2020 | -131.09% | -101.84% | 0.12x | 10.73x | CN¥-3.02 Billion |
| 2021 | -357.33% | -37.55% | 0.25x | 38.59x | CN¥-1.80 Billion |
| 2022 | -140.16% | -8.10% | 0.20x | 85.28x | CN¥-291.53 Million |
| 2023 | 16.29% | 1.24% | 0.20x | 67.30x | CN¥14.58 Million |
| 2024 | -1243.52% | -7.76% | 0.20x | 796.02x | CN¥-212.02 Million |
Industry Comparison
This section compares Tianjin Realty Development Group Co Ltd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $1,681,055,904
- Average return on equity (ROE) among peers: 10.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tianjin Realty Development Group Co Ltd (600322) | CN¥-326.71 Million | 5.86% | N/A | $441.71 Million |
| China Vanke Co Ltd Class A (000002) | $2.15 Billion | 10.68% | 1.09x | $5.56 Billion |
| Shenzhen Zhenye Group Co Ltd (000006) | $347.86 Million | 16.58% | 0.44x | $1.92 Billion |
| Shenzhen Properties & Resources Development Group Ltd (000011) | $566.75 Million | -4.83% | 2.33x | $623.95 Million |
| Shahe Industry Co Ltd (000014) | $1.68 Billion | 0.98% | 0.31x | $467.53 Million |
| Grandjoy Holdings Group Co Ltd (000031) | $7.12 Billion | 5.93% | 3.58x | $1.92 Billion |
| China Union Holdings Ltd (000036) | $2.30 Billion | 3.02% | 0.68x | $1.15 Billion |
| Shenzhen Centralcon Investment Holding Co Ltd (000042) | $167.35 Million | 57.44% | 2.45x | $936.86 Million |
| Shenzhen Wongtee International Enterprise Co Ltd (000056) | $214.45 Million | 3.27% | 2.40x | $239.16 Million |
| Financial Street Holdings Co Ltd (000402) | $167.24 Million | 2.28% | 0.98x | $1.39 Billion |
| Chongqing Yukaifa Co Ltd (000514) | $2.11 Billion | 6.12% | 0.46x | $608.71 Million |
About Tianjin Realty Development Group Co Ltd
Tianjin Jintou State-owned Urban Development Co., Ltd. engages in the real estate development business in China. It also operates and manages real estate properties; sells commercial housing; and operates commercial assets and building materials. The company was founded in 1981 and is based in Tianjin, China.