Tongling Jingd (600577) - Net Assets

Latest as of September 2025: CN¥6.25 Billion CNY ≈ $914.08 Million USD

Based on the latest financial reports, Tongling Jingd (600577) has net assets worth CN¥6.25 Billion CNY (≈ $914.08 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¥14.15 Billion ≈ $2.07 Billion USD) and total liabilities (CN¥7.91 Billion ≈ $1.16 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 600577 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore how large is Tongling Jingd's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Tongling Jingd (2000–2024)

The table below shows the annual net assets of Tongling Jingd from 2000 to 2024. For live valuation and market cap data, see 600577 company net worth.

Year	Net Assets	Change
2024-12-31	CN¥5.89 Billion ≈ $861.85 Million	+9.40%
2023-12-31	CN¥5.38 Billion ≈ $787.80 Million	+0.28%
2022-12-31	CN¥5.37 Billion ≈ $785.63 Million	+13.46%
2021-12-31	CN¥4.73 Billion ≈ $692.45 Million	+10.44%
2020-12-31	CN¥4.28 Billion ≈ $626.97 Million	+4.04%
2019-12-31	CN¥4.12 Billion ≈ $602.60 Million	+11.66%
2018-12-31	CN¥3.69 Billion ≈ $539.66 Million	+7.64%
2017-12-31	CN¥3.43 Billion ≈ $501.35 Million	+3.99%
2016-12-31	CN¥3.29 Billion ≈ $482.10 Million	+6.14%
2015-12-31	CN¥3.10 Billion ≈ $454.23 Million	+1.39%
2014-12-31	CN¥3.06 Billion ≈ $448.02 Million	+56.83%
2013-12-31	CN¥1.95 Billion ≈ $285.67 Million	+6.69%
2012-12-31	CN¥1.83 Billion ≈ $267.75 Million	-0.41%
2011-12-31	CN¥1.84 Billion ≈ $268.85 Million	+58.72%
2010-12-31	CN¥1.16 Billion ≈ $169.38 Million	+8.74%
2009-12-31	CN¥1.06 Billion ≈ $155.78 Million	+1.35%
2008-12-31	CN¥1.05 Billion ≈ $153.69 Million	+17.28%
2007-12-31	CN¥895.60 Million ≈ $131.05 Million	+58.51%
2006-12-31	CN¥565.01 Million ≈ $82.68 Million	+17.37%
2005-12-31	CN¥481.38 Million ≈ $70.44 Million	+21.57%
2004-12-31	CN¥395.96 Million ≈ $57.94 Million	+22.45%
2003-12-31	CN¥323.35 Million ≈ $47.32 Million	+11.43%
2002-12-31	CN¥290.19 Million ≈ $42.46 Million	+283.84%
2001-12-31	CN¥75.60 Million ≈ $11.06 Million	+35.80%
2000-12-31	CN¥55.67 Million ≈ $8.15 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
Digital China Group Co Ltd SHE:000034	$4.18 Billion
Ajanta Pharma Limited NSE:AJANTPHARM	$4.18 Billion
Crinetics Pharmaceuticals Inc NASDAQ:CRNX	$4.18 Billion
De Grey Mining Ltd AU:DEG	$4.19 Billion
Oppein Home Group Inc SHG:603833	$4.18 Billion
Bethel Automotive Safety Systems Co Ltd Class A SHG:603596	$4.18 Billion
Avic Aviation High Technology Co Ltd SHG:600862	$4.18 Billion
Travel + Leisure Co NYSE:TNL	$4.18 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: 4.99x
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 243.30x to 4.99x 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¥13.30	x
2001-12-31	CN¥0.07	CN¥13.30	x
2002-12-31	CN¥0.29	CN¥13.30	x
2003-12-31	CN¥0.31	CN¥13.30	x
2004-12-31	CN¥0.34	CN¥13.30	x
2005-12-31	CN¥0.37	CN¥13.30	x
2006-12-31	CN¥0.41	CN¥13.30	x
2007-12-31	CN¥0.61	CN¥13.30	x
2008-12-31	CN¥0.64	CN¥13.30	x
2009-12-31	CN¥0.66	CN¥13.30	x
2010-12-31	CN¥0.72	CN¥13.30	x
2011-12-31	CN¥1.20	CN¥13.30	x
2012-12-31	CN¥1.09	CN¥13.30	x
2013-12-31	CN¥1.18	CN¥13.30	x
2014-12-31	CN¥1.62	CN¥13.30	x
2015-12-31	CN¥1.49	CN¥13.30	x
2016-12-31	CN¥1.43	CN¥13.30	x
2017-12-31	CN¥1.51	CN¥13.30	x
2018-12-31	CN¥1.60	CN¥13.30	x
2019-12-31	CN¥1.85	CN¥13.30	x
2020-12-31	CN¥1.99	CN¥13.30	x
2021-12-31	CN¥2.19	CN¥13.30	x
2022-12-31	CN¥2.26	CN¥13.30	x
2023-12-31	CN¥2.35	CN¥13.30	x
2024-12-31	CN¥2.67	CN¥13.30	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: $2,542,980,118
Average return on equity (ROE) among peers: 6.57%

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	$4.18 Billion
XJ Electric Co Ltd (000400)	$1.49 Billion	11.47%	0.73x	$3.86 Billion
Guangdong Macro Co Ltd (000533)	$598.74 Million	0.58%	4.38x	$1.35 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$2.84 Billion	10.28%	0.11x	$1.03 Billion
Dongfang Electronics Co Ltd (000682)	$1.27 Billion	0.84%	0.19x	$2.58 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$1.05 Billion	-0.83%	4.35x	$864.19 Million
Huagong Tech Co Ltd (000988)	$7.43 Billion	10.24%	0.87x	$18.42 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$1.48 Billion	7.41%	1.41x	$1.82 Billion
Sieyuan Electric Co Ltd (002028)	$8.60 Billion	13.93%	0.62x	$23.55 Billion
Shanghai Welltech Automation Co Ltd (002058)	$175.70 Million	4.41%	0.38x	$525.19 Million
Gotion High tech Co Ltd (002074)	$497.13 Million	7.34%	0.88x	$10.24 Billion

About Tongling Jingd

SHG:600577 China Electrical Equipment & Parts

Market Cap

$4.18 Billion

CN¥28.59 Billion CNY

Market Cap Rank

#4068 Global

#694 in China

Share Price

CN¥13.30

Change (1 day)

+2.07%

52-Week Range

CN¥7.14 - CN¥16.09

All Time High

CN¥16.09