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¥76.06 Million CNY (≈ $11.13 Million 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¥219.30 Million ≈ $32.09 Million USD) and total liabilities (CN¥143.24 Million ≈ $20.96 Million 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 tangible is Tianjin Realty Development Group Co Ltd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥76.06 Million |
| % of Total Assets | 34.68% |
| Annual Growth Rate | -9.05% |
| 5-Year Change | -92.79% |
| 10-Year Change | -98.55% |
| Growth Volatility | 33.38 |
Tianjin Realty Development Group Co Ltd - Net Assets Trend (1998–2025)
This chart illustrates how Tianjin Realty Development Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Tianjin Realty Development Group Co Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tianjin Realty Development Group Co Ltd (1998–2025)
The table below shows the annual net assets of Tianjin Realty Development Group Co Ltd from 1998 to 2025. For live valuation and market cap data, see market value of Tianjin Realty Development Group Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥75.95 Million ≈ $11.11 Million |
-84.69% |
| 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 515847761865.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥5.23 Billion | 6891.99% |
| Total Equity | CN¥75.95 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 |
|---|---|
|
Xinlong Holding Group Co Ltd
SHE:000955
|
$391.56 Million |
|
GDI Integrated
TO:GDI
|
$391.59 Million |
|
Shenzhen Ridge Engineering Consulting Co. Ltd.
SHE:300977
|
$391.60 Million |
|
Arhaus Inc
NASDAQ:ARHS
|
$391.66 Million |
|
Tederic Machinery Co Ltd
SHG:603289
|
$391.54 Million |
|
Guggenheim Taxable Municipal Managed Duration Trust
NYSE:GBAB
|
$391.43 Million |
|
Zhongfu Information Inc
SHE:300659
|
$391.32 Million |
|
Y mAbs Therapeutics
NASDAQ:YMAB
|
$391.22 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 2024 to 2025, total equity changed from 16,913,745 to 75,949,388, a change of 59,035,643 (349.0%).
- Net loss of 1,362,718,225 reduced equity.
- Dividend payments of 285,786,962 reduced retained earnings.
- Other comprehensive income decreased equity by 353,593,502.
- Other factors increased equity by 2,061,134,331.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-1.36 Billion | -1794.25% |
| Dividends Paid | CN¥285.79 Million | -376.29% |
| Other Comprehensive Income | CN¥-353.59 Million | -465.56% |
| Other Changes | CN¥2.06 Billion | +2713.83% |
| Total Change | CN¥- | 349.04% |
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: 35.23x
- 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 2.55x to 35.23x 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¥2.42 | x |
| 1999-12-31 | CN¥0.98 | CN¥2.42 | x |
| 2000-12-31 | CN¥1.01 | CN¥2.42 | x |
| 2001-12-31 | CN¥1.60 | CN¥2.42 | x |
| 2002-12-31 | CN¥1.62 | CN¥2.42 | x |
| 2003-12-31 | CN¥1.62 | CN¥2.42 | x |
| 2004-12-31 | CN¥1.64 | CN¥2.42 | x |
| 2005-12-31 | CN¥1.64 | CN¥2.42 | x |
| 2006-12-31 | CN¥1.67 | CN¥2.42 | x |
| 2007-12-31 | CN¥4.23 | CN¥2.42 | x |
| 2008-12-31 | CN¥3.30 | CN¥2.42 | x |
| 2009-12-31 | CN¥3.43 | CN¥2.42 | x |
| 2010-12-31 | CN¥3.54 | CN¥2.42 | x |
| 2011-12-31 | CN¥3.78 | CN¥2.42 | x |
| 2012-12-31 | CN¥4.06 | CN¥2.42 | x |
| 2013-12-31 | CN¥4.04 | CN¥2.42 | x |
| 2014-12-31 | CN¥4.09 | CN¥2.42 | x |
| 2015-12-31 | CN¥4.14 | CN¥2.42 | x |
| 2016-12-31 | CN¥3.76 | CN¥2.42 | x |
| 2017-12-31 | CN¥3.96 | CN¥2.42 | x |
| 2018-12-31 | CN¥4.02 | CN¥2.42 | x |
| 2019-12-31 | CN¥4.21 | CN¥2.42 | x |
| 2020-12-31 | CN¥1.93 | CN¥2.42 | x |
| 2021-12-31 | CN¥0.44 | CN¥2.42 | x |
| 2022-12-31 | CN¥0.18 | CN¥2.42 | x |
| 2023-12-31 | CN¥0.21 | CN¥2.42 | x |
| 2024-12-31 | CN¥0.02 | CN¥2.42 | x |
| 2025-12-31 | CN¥0.07 | CN¥2.42 | 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): -1794.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -141.09%
- • Asset Turnover: 4.37x
- • Equity Multiplier: 2.91x
- Recent ROE (-1794.25%) is below the historical average (-128.01%), 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 |
| 2025 | -1794.25% | -141.09% | 4.37x | 2.91x | CN¥-1.37 Billion |
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: $9,768,365,189
- Average return on equity (ROE) among peers: 8.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tianjin Realty Development Group Co Ltd (600322) | CN¥76.06 Million | 5.86% | 1.88x | $391.55 Million |
| China Vanke Co Ltd Class A (000002) | $33.92 Billion | 14.28% | 1.95x | $4.35 Billion |
| Shenzhen Zhenye Group Co Ltd (000006) | $4.21 Billion | 12.05% | 1.79x | $1.62 Billion |
| Shenzhen Properties & Resources Development Group Ltd (000011) | $474.22 Million | 16.24% | 4.14x | $566.74 Million |
| Shahe Industry Co Ltd (000014) | $377.25 Million | 8.22% | 1.72x | $351.71 Million |
| Grandjoy Holdings Group Co Ltd (000031) | $52.09 Billion | 0.21% | 3.08x | $1.46 Billion |
| China Union Holdings Ltd (000036) | $1.74 Billion | 16.15% | 0.79x | $1.01 Billion |
| Shenzhen Centralcon Investment Holding Co Ltd (000042) | $1.24 Billion | 8.47% | 1.44x | $868.76 Million |
| Shenzhen Wongtee International Enterprise Co Ltd (000056) | $425.32 Million | 1.42% | 1.50x | $229.54 Million |
| Financial Street Holdings Co Ltd (000402) | $160.02 Million | 3.61% | 0.89x | $1.17 Billion |
| Chongqing Yukaifa Co Ltd (000514) | $3.04 Billion | 1.95% | 1.23x | $485.24 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.