Tongling Jingd

SHG:600577 China Electrical Equipment & Parts
Market Cap
$4.34 Billion
CN¥31.85 Billion CNY
Market Cap Rank
#3453 Global
#280 in China
Share Price
CN¥14.82
Change (1 day)
-0.34%
52-Week Range
CN¥5.94 - CN¥16.09
All Time High
CN¥16.09
Categories
Companies in China Electrical Equipment & Parts
About

Tongling Jingda Special Magnet Wire Co., Ltd. manufactures and sells special magnet wires in China and internationally. The company offers enameled aluminum wire, such as round, flat, and copper clad aluminum; bare copper wire and oxygen free copper rods; and specialty wires, including litz, stranded bare copper, and parallel wires. It also provides automobile, electronic, alloy conductor, and dr… Read more

Tongling Jingd (600577) - Net Assets

Latest net assets as of September 2025: CN¥6.25 Billion CNY

Based on the latest financial reports, Tongling Jingd (600577) has net assets worth CN¥6.25 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥14.15 Billion) and total liabilities (CN¥7.91 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¥6.25 Billion
% of Total Assets 44.14%
Annual Growth Rate 21.44%
5-Year Change 37.46%
10-Year Change 89.74%
Growth Volatility 56.2

Tongling Jingd - Net Assets Trend (2000–2024)

This chart illustrates how Tongling Jingd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Tongling Jingd (2000–2024)

The table below shows the annual net assets of Tongling Jingd from 2000 to 2024.

Year Net Assets Change
2024-12-31 CN¥5.89 Billion +9.40%
2023-12-31 CN¥5.38 Billion +0.28%
2022-12-31 CN¥5.37 Billion +13.46%
2021-12-31 CN¥4.73 Billion +10.44%
2020-12-31 CN¥4.28 Billion +4.04%
2019-12-31 CN¥4.12 Billion +11.66%
2018-12-31 CN¥3.69 Billion +7.64%
2017-12-31 CN¥3.43 Billion +3.99%
2016-12-31 CN¥3.29 Billion +6.14%
2015-12-31 CN¥3.10 Billion +1.39%
2014-12-31 CN¥3.06 Billion +56.83%
2013-12-31 CN¥1.95 Billion +6.69%
2012-12-31 CN¥1.83 Billion -0.41%
2011-12-31 CN¥1.84 Billion +58.72%
2010-12-31 CN¥1.16 Billion +8.74%
2009-12-31 CN¥1.06 Billion +1.35%
2008-12-31 CN¥1.05 Billion +17.28%
2007-12-31 CN¥895.60 Million +58.51%
2006-12-31 CN¥565.01 Million +17.37%
2005-12-31 CN¥481.38 Million +21.57%
2004-12-31 CN¥395.96 Million +22.45%
2003-12-31 CN¥323.35 Million +11.43%
2002-12-31 CN¥290.19 Million +283.84%
2001-12-31 CN¥75.60 Million +35.80%
2000-12-31 CN¥55.67 Million --

Equity Component Analysis

This analysis shows how different components contribute to Tongling Jingd'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 29644.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥2.69 Billion 46.77%
Common Stock CN¥2.15 Billion 37.30%
Other Comprehensive Income CN¥346.11 Million 6.01%
Other Components CN¥571.23 Million 9.92%
Total Equity CN¥5.76 Billion 100.00%

Tongling Jingd Competitors by Market Cap

The table below lists competitors of Tongling Jingd ranked by their market capitalization.

Company Market Cap
Dajin Heavy Industry Corp
SHE:002487
 		$3.72 Billion
Silgan Holdings Inc
NYSE:SLGN
 		$3.72 Billion
Dolby Laboratories
NYSE:DLB
 		$3.72 Billion
Amada Co. Ltd
OTCGREY:AMDLY
 		$3.72 Billion
ASM Pacific Technology Limited
F:AY7A
 		$3.72 Billion
Mazda Motor Corporation
PINK:MZDAF
 		$3.71 Billion
United Community Banks, Inc.
NASDAQ:UCB
 		$3.71 Billion
Hims Hers Health Inc
NYSE:HIMS
 		$3.71 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Tongling Jingd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 5,270,540,279 to 5,759,381,112, a change of 488,840,833 (9.3%).
  • Net income of 561,708,885 contributed positively to equity growth.
  • Dividend payments of 493,897,248 reduced retained earnings.
  • Other comprehensive income increased equity by 173,579,942.
  • Other factors increased equity by 247,449,254.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥561.71 Million +9.75%
Dividends Paid CN¥493.90 Million -8.58%
Other Comprehensive Income CN¥173.58 Million +3.01%
Other Changes CN¥247.45 Million +4.3%
Total Change CN¥- 9.27%

Book Value vs Market Value Analysis

This analysis compares Tongling Jingd'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: 5.56x
  • 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 decreased from 271.10x to 5.56x 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¥0.05 CN¥14.82 x
2001-12-31 CN¥0.07 CN¥14.82 x
2002-12-31 CN¥0.29 CN¥14.82 x
2003-12-31 CN¥0.31 CN¥14.82 x
2004-12-31 CN¥0.34 CN¥14.82 x
2005-12-31 CN¥0.37 CN¥14.82 x
2006-12-31 CN¥0.41 CN¥14.82 x
2007-12-31 CN¥0.61 CN¥14.82 x
2008-12-31 CN¥0.64 CN¥14.82 x
2009-12-31 CN¥0.66 CN¥14.82 x
2010-12-31 CN¥0.72 CN¥14.82 x
2011-12-31 CN¥1.20 CN¥14.82 x
2012-12-31 CN¥1.09 CN¥14.82 x
2013-12-31 CN¥1.18 CN¥14.82 x
2014-12-31 CN¥1.62 CN¥14.82 x
2015-12-31 CN¥1.49 CN¥14.82 x
2016-12-31 CN¥1.43 CN¥14.82 x
2017-12-31 CN¥1.51 CN¥14.82 x
2018-12-31 CN¥1.60 CN¥14.82 x
2019-12-31 CN¥1.85 CN¥14.82 x
2020-12-31 CN¥1.99 CN¥14.82 x
2021-12-31 CN¥2.19 CN¥14.82 x
2022-12-31 CN¥2.26 CN¥14.82 x
2023-12-31 CN¥2.35 CN¥14.82 x
2024-12-31 CN¥2.67 CN¥14.82 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tongling Jingd 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): 9.75%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 2.52%
  • • Asset Turnover: 1.77x
  • • Equity Multiplier: 2.19x
  • Recent ROE (9.75%) is below the historical average (11.44%), 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 28.43% 5.23% 1.65x 3.29x CN¥9.39 Million
2001 29.12% 6.27% 1.32x 3.51x CN¥13.03 Million
2002 7.99% 4.96% 0.91x 1.76x CN¥-5.38 Million
2003 8.25% 3.45% 0.97x 2.47x CN¥-5.10 Million
2004 11.82% 2.72% 1.42x 3.06x CN¥5.76 Million
2005 12.64% 2.12% 1.39x 4.29x CN¥9.14 Million
2006 15.90% 1.37% 2.24x 5.16x CN¥22.57 Million
2007 11.34% 1.35% 2.44x 3.44x CN¥8.88 Million
2008 12.82% 1.92% 2.64x 2.53x CN¥21.33 Million
2009 8.54% 1.65% 1.48x 3.50x CN¥-11.37 Million
2010 12.78% 1.42% 2.24x 4.02x CN¥23.61 Million
2011 7.07% 1.13% 2.01x 3.11x CN¥-45.13 Million
2012 7.34% 1.40% 1.97x 2.65x CN¥-41.83 Million
2013 8.08% 1.38% 1.92x 3.05x CN¥-31.28 Million
2014 4.93% 1.46% 1.78x 1.90x CN¥-138.54 Million
2015 4.69% 1.68% 1.73x 1.61x CN¥-146.94 Million
2016 7.67% 2.75% 1.66x 1.68x CN¥-68.05 Million
2017 11.92% 3.12% 1.96x 1.95x CN¥57.03 Million
2018 13.77% 3.68% 2.12x 1.77x CN¥119.68 Million
2019 12.32% 3.65% 1.92x 1.76x CN¥82.46 Million
2020 10.96% 3.37% 1.39x 2.34x CN¥36.53 Million
2021 12.31% 3.00% 1.81x 2.27x CN¥102.98 Million
2022 7.53% 2.17% 1.62x 2.14x CN¥-124.99 Million
2023 8.09% 2.38% 1.58x 2.15x CN¥-100.60 Million
2024 9.75% 2.52% 1.77x 2.19x CN¥-14.23 Million

Industry Comparison

This section compares Tongling Jingd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.

Industry Context

  • Industry: Electrical Equipment & Parts
  • Average net assets among peers: $2,399,685,798
  • Average return on equity (ROE) among peers: -30.02%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Tongling Jingd (600577) CN¥6.25 Billion 28.43% 1.27x $3.72 Billion
XJ Electric Co Ltd (000400) $11.69 Billion 8.60% 0.87x $2.50 Billion
Guangdong Macro Co Ltd (000533) $259.29 Million -377.39% 9.44x $880.32 Million
Shandong Xinneng Taishan Power Generation Co Ltd (000720) $1.31 Billion 8.55% 0.86x $364.23 Million
Huagong Tech Co Ltd (000988) $3.01 Billion 5.01% 0.66x $9.70 Billion
Hunan Valin Wire & Cable Co Ltd (001208) $1.62 Billion 6.74% 1.87x $855.32 Million
Shijiazhuang Shangtai Technology Co. Ltd. A (001301) $1.35 Billion 11.31% 0.12x $1.62 Billion
Guangdong Xinyaguang Cable Co (001382) $804.28 Million 11.99% 1.13x $201.71 Million
Sieyuan Electric Co Ltd (002028) $3.44 Billion 10.09% 0.45x $14.61 Billion
Shanghai Welltech Automation Co Ltd (002058) $186.07 Million 7.07% 0.22x $217.00 Million
Gotion High tech Co Ltd (002074) $324.01 Million 7.87% 0.45x $5.08 Billion