Tasly Pharmaceutical Group Co Ltd
Tasly Pharmaceutical Group Co., Ltd researches, develops, manufactures, and sells medicines and related pharmaceuticals in China and internationally. The company provides prescription drugs covering various therapeutic areas, including cardiovascular and cerebrovascular, hepato-biliary-pancreatic, respiratory system, diabetes, tumor immunity, gastrointestinal disease, gynecological, rheumatism, s… Read more
Tasly Pharmaceutical Group Co Ltd (600535) - Net Assets
Latest net assets as of June 2025: CN¥12.60 Billion CNY
Based on the latest financial reports, Tasly Pharmaceutical Group Co Ltd (600535) has net assets worth CN¥12.60 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥15.45 Billion) and total liabilities (CN¥2.85 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥12.60 Billion |
| % of Total Assets | 81.57% |
| Annual Growth Rate | 19.87% |
| 5-Year Change | -2.2% |
| 10-Year Change | 57.15% |
| Growth Volatility | 60.16 |
Tasly Pharmaceutical Group Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Tasly Pharmaceutical Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tasly Pharmaceutical Group Co Ltd (2000–2024)
The table below shows the annual net assets of Tasly Pharmaceutical Group Co Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥12.11 Billion | -4.56% |
| 2023-12-31 | CN¥12.69 Billion | +0.16% |
| 2022-12-31 | CN¥12.67 Billion | -4.84% |
| 2021-12-31 | CN¥13.31 Billion | +7.51% |
| 2020-12-31 | CN¥12.38 Billion | +4.40% |
| 2019-12-31 | CN¥11.86 Billion | +5.84% |
| 2018-12-31 | CN¥11.21 Billion | +24.89% |
| 2017-12-31 | CN¥8.97 Billion | +9.36% |
| 2016-12-31 | CN¥8.21 Billion | +6.48% |
| 2015-12-31 | CN¥7.71 Billion | +52.06% |
| 2014-12-31 | CN¥5.07 Billion | +22.32% |
| 2013-12-31 | CN¥4.14 Billion | -1.50% |
| 2012-12-31 | CN¥4.21 Billion | +11.40% |
| 2011-12-31 | CN¥3.78 Billion | +10.25% |
| 2010-12-31 | CN¥3.42 Billion | +57.75% |
| 2009-12-31 | CN¥2.17 Billion | +3.74% |
| 2008-12-31 | CN¥2.09 Billion | +5.98% |
| 2007-12-31 | CN¥1.97 Billion | +14.81% |
| 2006-12-31 | CN¥1.72 Billion | +9.91% |
| 2005-12-31 | CN¥1.56 Billion | +13.84% |
| 2004-12-31 | CN¥1.37 Billion | +14.41% |
| 2003-12-31 | CN¥1.20 Billion | +20.51% |
| 2002-12-31 | CN¥997.00 Million | +303.32% |
| 2001-12-31 | CN¥247.20 Million | +58.13% |
| 2000-12-31 | CN¥156.32 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tasly Pharmaceutical 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 grown by 8154464.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥8.15 Billion | 68.51% |
| Other Components | CN¥3.75 Billion | 31.49% |
| Total Equity | CN¥11.90 Billion | 100.00% |
Tasly Pharmaceutical Group Co Ltd Competitors by Market Cap
The table below lists competitors of Tasly Pharmaceutical Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Adaptive Biotechnologies Corp
NASDAQ:ADPT
|
$1.59 Billion |
|
Montea C.V.A.
BR:MONT
|
$1.59 Billion |
|
Scatec Solar OL
OL:SCATC
|
$1.59 Billion |
|
Six Flags Entertainment Corporation
NYSE:FUN
|
$1.59 Billion |
|
CGN MINING (VBO.SG)
STU:VBO
|
$1.58 Billion |
|
TGS ASA
OTCQX:TGSNF
|
$1.58 Billion |
|
Mercari Inc
PINK:MRCIF
|
$1.58 Billion |
|
Yealink Network Technology Corp Ltd
SHE:300628
|
$1.58 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tasly Pharmaceutical Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,368,420,072 to 11,903,329,002, a change of -465,091,070 (-3.8%).
- Net income of 955,586,169 contributed positively to equity growth.
- Dividend payments of 1,042,453,768 reduced retained earnings.
- Other factors decreased equity by 378,223,471.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥955.59 Million | +8.03% |
| Dividends Paid | CN¥1.04 Billion | -8.76% |
| Other Changes | CN¥-378.22 Million | -3.18% |
| Total Change | CN¥- | -3.76% |
Book Value vs Market Value Analysis
This analysis compares Tasly Pharmaceutical 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: 1.79x
- 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 2.49x to 1.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥5.72 | CN¥14.26 | x |
| 2018-12-31 | CN¥6.96 | CN¥14.26 | x |
| 2019-12-31 | CN¥7.36 | CN¥14.26 | x |
| 2020-12-31 | CN¥7.91 | CN¥14.26 | x |
| 2021-12-31 | CN¥8.58 | CN¥14.26 | x |
| 2022-12-31 | CN¥8.27 | CN¥14.26 | x |
| 2023-12-31 | CN¥8.25 | CN¥14.26 | x |
| 2024-12-31 | CN¥7.97 | CN¥14.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tasly Pharmaceutical 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): 8.03%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.24%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.26x
- Recent ROE (8.03%) is below the historical average (17.04%), 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 | 53.00% | 20.31% | 0.93x | 2.80x | CN¥64.52 Million |
| 2001 | 43.08% | 15.03% | 1.15x | 2.49x | CN¥78.99 Million |
| 2002 | 12.11% | 12.67% | 0.74x | 1.29x | CN¥20.56 Million |
| 2003 | 12.67% | 13.37% | 0.59x | 1.60x | CN¥29.78 Million |
| 2004 | 14.27% | 13.16% | 0.59x | 1.83x | CN¥51.25 Million |
| 2005 | 14.79% | 13.20% | 0.53x | 2.11x | CN¥62.68 Million |
| 2006 | 14.32% | 8.51% | 0.74x | 2.27x | CN¥62.03 Million |
| 2007 | 9.78% | 6.36% | 0.90x | 1.70x | CN¥-4.09 Million |
| 2008 | 13.38% | 7.45% | 1.00x | 1.80x | CN¥64.70 Million |
| 2009 | 15.58% | 7.93% | 0.99x | 1.98x | CN¥113.37 Million |
| 2010 | 13.62% | 9.68% | 0.85x | 1.65x | CN¥119.64 Million |
| 2011 | 16.95% | 9.30% | 0.99x | 1.84x | CN¥250.42 Million |
| 2012 | 19.17% | 8.27% | 1.24x | 1.87x | CN¥368.04 Million |
| 2013 | 28.71% | 9.91% | 1.09x | 2.66x | CN¥717.05 Million |
| 2014 | 28.28% | 10.92% | 0.97x | 2.67x | CN¥884.48 Million |
| 2015 | 19.79% | 11.18% | 0.86x | 2.06x | CN¥731.60 Million |
| 2016 | 14.77% | 8.44% | 0.81x | 2.15x | CN¥380.04 Million |
| 2017 | 15.91% | 8.55% | 0.75x | 2.49x | CN¥511.09 Million |
| 2018 | 14.67% | 8.59% | 0.71x | 2.39x | CN¥491.80 Million |
| 2019 | 9.00% | 5.27% | 0.79x | 2.16x | CN¥-111.61 Million |
| 2020 | 9.40% | 8.29% | 0.82x | 1.38x | CN¥-71.36 Million |
| 2021 | 18.17% | 29.66% | 0.48x | 1.27x | CN¥1.06 Billion |
| 2022 | -2.07% | -2.99% | 0.52x | 1.32x | CN¥-1.50 Billion |
| 2023 | 8.66% | 12.35% | 0.52x | 1.35x | CN¥-165.77 Million |
| 2024 | 8.03% | 11.24% | 0.57x | 1.26x | CN¥-234.75 Million |
Industry Comparison
This section compares Tasly Pharmaceutical Group Co Ltd's net assets metrics with peer companies in the Drug Manufacturers - Specialty & Generic industry.
Industry Context
- Industry: Drug Manufacturers - Specialty & Generic
- Average net assets among peers: $5,061,893,866
- Average return on equity (ROE) among peers: 4.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tasly Pharmaceutical Group Co Ltd (600535) | CN¥12.60 Billion | 53.00% | 0.23x | $1.58 Billion |
| Shenzhen Neptunus Bioengineering Co Ltd (000078) | $2.84 Billion | -41.97% | 9.13x | $608.50 Million |
| Anhui Fengyuan Pharmaceutical Co Ltd (000153) | $1.29 Billion | 4.72% | 1.33x | $324.94 Million |
| Shan Dong Dong-E E-Jiao Co Ltd (000423) | $11.33 Billion | 18.40% | 0.22x | $3.03 Billion |
| Wedge Industrial Co Ltd (000534) | $1.30 Billion | 13.53% | 1.39x | $1.92 Billion |
| Yunnan Baiyao Group Co Ltd (000538) | $525.21 Million | 17.84% | 0.75x | $5.59 Billion |
| Hainan Haiyao Co Ltd (000566) | $4.63 Billion | -3.44% | 1.33x | $704.71 Million |
| Tus Pharmaceutical Group Co Ltd (000590) | $268.78 Million | 10.37% | 0.50x | $325.99 Million |
| Northeast Pharmaceutical Group Co Ltd (000597) | $2.07 Billion | 2.59% | 1.71x | $425.60 Million |
| Jilin Aodong Pharmaceutical Group Co Ltd (000623) | $22.44 Billion | 6.25% | 0.15x | $2.04 Billion |
| Renhe Pharmacy Co Ltd (000650) | $3.91 Billion | 12.94% | 0.18x | $777.45 Million |