Tangshan Sanyou Chemical Industries Co Ltd (600409) - Net Assets
Based on the latest financial reports, Tangshan Sanyou Chemical Industries Co Ltd (600409) has net assets worth CN¥15.41 Billion CNY (≈ $2.25 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¥26.65 Billion ≈ $3.90 Billion USD) and total liabilities (CN¥11.24 Billion ≈ $1.64 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. Also explore Tangshan Sanyou Chemical Industries Co L asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥15.41 Billion |
| % of Total Assets | 57.82% |
| Annual Growth Rate | 17.2% |
| 5-Year Change | 23.28% |
| 10-Year Change | 125.26% |
| Growth Volatility | 30.09 |
Tangshan Sanyou Chemical Industries Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Tangshan Sanyou Chemical Industries Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Tangshan Sanyou Chemical Industries Co L tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Tangshan Sanyou Chemical Industries Co Ltd (2000–2024)
The table below shows the annual net assets of Tangshan Sanyou Chemical Industries Co Ltd from 2000 to 2024. For live valuation and market cap data, see Tangshan Sanyou Chemical Industries Co L market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥15.34 Billion ≈ $2.25 Billion |
+2.52% |
| 2023-12-31 | CN¥14.97 Billion ≈ $2.19 Billion |
+2.68% |
| 2022-12-31 | CN¥14.58 Billion ≈ $2.13 Billion |
+5.85% |
| 2021-12-31 | CN¥13.77 Billion ≈ $2.01 Billion |
+10.64% |
| 2020-12-31 | CN¥12.45 Billion ≈ $1.82 Billion |
+3.36% |
| 2019-12-31 | CN¥12.04 Billion ≈ $1.76 Billion |
+2.23% |
| 2018-12-31 | CN¥11.78 Billion ≈ $1.72 Billion |
+10.78% |
| 2017-12-31 | CN¥10.63 Billion ≈ $1.56 Billion |
+42.62% |
| 2016-12-31 | CN¥7.46 Billion ≈ $1.09 Billion |
+9.46% |
| 2015-12-31 | CN¥6.81 Billion ≈ $996.72 Million |
+3.47% |
| 2014-12-31 | CN¥6.58 Billion ≈ $963.31 Million |
+6.83% |
| 2013-12-31 | CN¥6.16 Billion ≈ $901.76 Million |
+7.20% |
| 2012-12-31 | CN¥5.75 Billion ≈ $841.16 Million |
+27.56% |
| 2011-12-31 | CN¥4.51 Billion ≈ $659.41 Million |
+49.11% |
| 2010-12-31 | CN¥3.02 Billion ≈ $442.22 Million |
+11.06% |
| 2009-12-31 | CN¥2.72 Billion ≈ $398.18 Million |
+0.58% |
| 2008-12-31 | CN¥2.71 Billion ≈ $395.89 Million |
+48.16% |
| 2007-12-31 | CN¥1.83 Billion ≈ $267.20 Million |
+25.46% |
| 2006-12-31 | CN¥1.46 Billion ≈ $212.97 Million |
+8.11% |
| 2005-12-31 | CN¥1.35 Billion ≈ $196.99 Million |
+19.07% |
| 2004-12-31 | CN¥1.13 Billion ≈ $165.44 Million |
+7.76% |
| 2003-12-31 | CN¥1.05 Billion ≈ $153.53 Million |
+147.65% |
| 2002-12-31 | CN¥423.66 Million ≈ $62.00 Million |
+8.45% |
| 2001-12-31 | CN¥390.66 Million ≈ $57.17 Million |
+14.79% |
| 2000-12-31 | CN¥340.32 Million ≈ $49.80 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tangshan Sanyou Chemical Industries 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 59753.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥7.30 Billion | 52.59% |
| Common Stock | CN¥2.06 Billion | 14.88% |
| Other Comprehensive Income | CN¥1.14 Billion | 8.23% |
| Other Components | CN¥3.37 Billion | 24.29% |
| Total Equity | CN¥13.87 Billion | 100.00% |
Tangshan Sanyou Chemical Industries Co Ltd Competitors by Market Cap
The table below lists competitors of Tangshan Sanyou Chemical Industries Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Stolt-Nielsen Limited
OL:SNI
|
$1.79 Billion |
|
Zymeworks Inc. Common Stock
NASDAQ:ZYME
|
$1.79 Billion |
|
China National Building Material Company Limited
F:D1Y
|
$1.79 Billion |
|
Montana Aerospace AG
SW:AERO
|
$1.79 Billion |
|
Fidelis Insurance Holdings Limited
NYSE:FIHL
|
$1.79 Billion |
|
Jeudan
CO:JDAN
|
$1.79 Billion |
|
Beijing Hotgen Biotech Co Ltd
SHG:688068
|
$1.78 Billion |
|
Guangzhou Sanfu New Materials Technology Co. Ltd. A
SHG:688359
|
$1.78 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tangshan Sanyou Chemical Industries Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,553,386,235 to 13,874,471,095, a change of 321,084,860 (2.4%).
- Net income of 499,024,898 contributed positively to equity growth.
- Dividend payments of 340,430,394 reduced retained earnings.
- Other comprehensive income increased equity by 1,142,552,421.
- Other factors decreased equity by 980,062,065.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥499.02 Million | +3.6% |
| Dividends Paid | CN¥340.43 Million | -2.45% |
| Other Comprehensive Income | CN¥1.14 Billion | +8.23% |
| Other Changes | CN¥-980.06 Million | -7.06% |
| Total Change | CN¥- | 2.37% |
Book Value vs Market Value Analysis
This analysis compares Tangshan Sanyou Chemical Industries 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: 0.88x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 22.55x to 0.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | CN¥0.26 | CN¥5.92 | x |
| 2001-12-31 | CN¥0.29 | CN¥5.92 | x |
| 2002-12-31 | CN¥0.31 | CN¥5.92 | x |
| 2003-12-31 | CN¥0.79 | CN¥5.92 | x |
| 2004-12-31 | CN¥0.85 | CN¥5.92 | x |
| 2005-12-31 | CN¥0.91 | CN¥5.92 | x |
| 2006-12-31 | CN¥0.97 | CN¥5.92 | x |
| 2007-12-31 | CN¥1.83 | CN¥5.92 | x |
| 2008-12-31 | CN¥1.77 | CN¥5.92 | x |
| 2009-12-31 | CN¥1.89 | CN¥5.92 | x |
| 2010-12-31 | CN¥2.09 | CN¥5.92 | x |
| 2011-12-31 | CN¥2.54 | CN¥5.92 | x |
| 2012-12-31 | CN¥2.90 | CN¥5.92 | x |
| 2013-12-31 | CN¥3.08 | CN¥5.92 | x |
| 2014-12-31 | CN¥3.29 | CN¥5.92 | x |
| 2015-12-31 | CN¥3.43 | CN¥5.92 | x |
| 2016-12-31 | CN¥3.76 | CN¥5.92 | x |
| 2017-12-31 | CN¥5.11 | CN¥5.92 | x |
| 2018-12-31 | CN¥5.35 | CN¥5.92 | x |
| 2019-12-31 | CN¥5.45 | CN¥5.92 | x |
| 2020-12-31 | CN¥5.64 | CN¥5.92 | x |
| 2021-12-31 | CN¥6.20 | CN¥5.92 | x |
| 2022-12-31 | CN¥6.43 | CN¥5.92 | x |
| 2023-12-31 | CN¥6.56 | CN¥5.92 | x |
| 2024-12-31 | CN¥6.72 | CN¥5.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tangshan Sanyou Chemical Industries 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): 3.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.34%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 1.88x
- Recent ROE (3.60%) is below the historical average (10.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 22.56% | 9.56% | 0.83x | 2.84x | CN¥43.19 Million |
| 2001 | 19.06% | 8.22% | 0.87x | 2.68x | CN¥34.29 Million |
| 2002 | 18.45% | 7.96% | 0.96x | 2.41x | CN¥34.42 Million |
| 2003 | 4.73% | 4.91% | 0.63x | 1.52x | CN¥-54.43 Million |
| 2004 | 10.06% | 7.48% | 0.83x | 1.62x | CN¥664.47K |
| 2005 | 10.67% | 5.91% | 0.79x | 2.28x | CN¥7.93 Million |
| 2006 | 12.06% | 5.86% | 0.67x | 3.06x | CN¥26.35 Million |
| 2007 | 20.12% | 8.58% | 0.87x | 2.68x | CN¥162.75 Million |
| 2008 | 8.30% | 4.20% | 0.84x | 2.34x | CN¥-42.32 Million |
| 2009 | 1.45% | 1.07% | 0.52x | 2.61x | CN¥-227.11 Million |
| 2010 | 12.05% | 4.33% | 1.18x | 2.36x | CN¥60.52 Million |
| 2011 | 14.54% | 5.63% | 0.79x | 3.28x | CN¥183.04 Million |
| 2012 | 2.15% | 1.08% | 0.64x | 3.08x | CN¥-414.78 Million |
| 2013 | 7.84% | 3.77% | 0.63x | 3.30x | CN¥-123.12 Million |
| 2014 | 7.84% | 3.76% | 0.63x | 3.29x | CN¥-131.75 Million |
| 2015 | 6.50% | 3.01% | 0.67x | 3.20x | CN¥-222.37 Million |
| 2016 | 10.96% | 4.84% | 0.75x | 3.02x | CN¥66.93 Million |
| 2017 | 18.87% | 9.35% | 0.84x | 2.41x | CN¥888.00 Million |
| 2018 | 14.35% | 7.86% | 0.80x | 2.29x | CN¥481.16 Million |
| 2019 | 6.06% | 3.33% | 0.83x | 2.20x | CN¥-443.17 Million |
| 2020 | 6.16% | 4.03% | 0.73x | 2.09x | CN¥-447.13 Million |
| 2021 | 13.05% | 7.21% | 0.89x | 2.03x | CN¥390.74 Million |
| 2022 | 7.44% | 4.18% | 0.86x | 2.08x | CN¥-339.31 Million |
| 2023 | 4.17% | 2.58% | 0.86x | 1.89x | CN¥-789.67 Million |
| 2024 | 3.60% | 2.34% | 0.82x | 1.88x | CN¥-888.42 Million |
Industry Comparison
This section compares Tangshan Sanyou Chemical Industries Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $4,653,313,143
- Average return on equity (ROE) among peers: 3.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tangshan Sanyou Chemical Industries Co Ltd (600409) | CN¥15.41 Billion | 22.56% | 0.73x | $1.79 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $366.68 Million | 0.92% | 0.47x | $336.28 Million |
| Hengyi Petrochemical Co Ltd (000703) | $7.01 Billion | -5.03% | 2.81x | $7.72 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.28 Billion | -17.84% | 0.99x | $611.85 Million |
| Luxi Chemical Group Co Ltd (000830) | $5.61 Billion | 5.45% | 2.19x | $3.43 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $2.55 Billion | 10.93% | 0.23x | $7.75 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $929.58 Million | 0.51% | 0.43x | $950.54 Million |
| Cofco Biochemical Anhui Co Ltd (000930) | $10.80 Billion | 5.49% | 0.90x | $1.23 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $1.77 Billion | 9.55% | 0.33x | $652.51 Million |
| Zhejiang Transfar Co Ltd (002010) | $16.15 Billion | 9.42% | 1.17x | $1.86 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $65.41 Million | 17.36% | 1.55x | $416.35 Million |
About Tangshan Sanyou Chemical Industries Co Ltd
Tangshan Sanyou Chemical Industries Co.,Ltd engages in the production and sales of calcium chloride, sodium chloride, and snow melting agent in the People's Republic of China. The company offers viscose staple fibers, soda ash, caustic soda, polyvinyl chloride resin, mixed methyl cyclosiloxane, and other products. It also provides silicone and other salt products. It products are mainly used in t… Read more