Tande Co Ltd (600665) - Net Assets

Latest as of September 2025: CN¥3.59 Billion CNY ≈ $525.95 Million USD

Based on the latest financial reports, Tande Co Ltd (600665) has net assets worth CN¥3.59 Billion CNY (≈ $525.95 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¥25.35 Billion ≈ $3.71 Billion USD) and total liabilities (CN¥21.75 Billion ≈ $3.18 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 Tande Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥3.59 Billion
% of Total Assets 14.18%
Annual Growth Rate 5.96%
5-Year Change -10.87%
10-Year Change 37.77%
Growth Volatility 22.16

Tande Co Ltd - Net Assets Trend (1993–2024)

This chart illustrates how Tande Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Tande Co Ltd (600665) total assets for the complete picture of this company's asset base.

Annual Net Assets for Tande Co Ltd (1993–2024)

The table below shows the annual net assets of Tande Co Ltd from 1993 to 2024. For live valuation and market cap data, see Tande Co Ltd (600665) total market value.

Year Net Assets Change
2024-12-31 CN¥3.77 Billion
≈ $551.94 Million		 -19.78%
2023-12-31 CN¥4.70 Billion
≈ $688.04 Million		 -8.31%
2022-12-31 CN¥5.13 Billion
≈ $750.40 Million		 +12.84%
2021-12-31 CN¥4.54 Billion
≈ $665.01 Million		 +7.38%
2020-12-31 CN¥4.23 Billion
≈ $619.28 Million		 +5.32%
2019-12-31 CN¥4.02 Billion
≈ $587.99 Million		 +17.49%
2018-12-31 CN¥3.42 Billion
≈ $500.48 Million		 +11.17%
2017-12-31 CN¥3.08 Billion
≈ $450.19 Million		 +6.26%
2016-12-31 CN¥2.90 Billion
≈ $423.67 Million		 +5.76%
2015-12-31 CN¥2.74 Billion
≈ $400.61 Million		 +4.69%
2014-12-31 CN¥2.62 Billion
≈ $382.68 Million		 +9.50%
2013-12-31 CN¥2.39 Billion
≈ $349.47 Million		 +4.89%
2012-12-31 CN¥2.28 Billion
≈ $333.18 Million		 +4.27%
2011-12-31 CN¥2.18 Billion
≈ $319.52 Million		 +14.29%
2010-12-31 CN¥1.91 Billion
≈ $279.57 Million		 +15.53%
2009-12-31 CN¥1.65 Billion
≈ $242.00 Million		 +8.50%
2008-12-31 CN¥1.52 Billion
≈ $223.03 Million		 +6.05%
2007-12-31 CN¥1.44 Billion
≈ $210.30 Million		 +1.20%
2006-12-31 CN¥1.42 Billion
≈ $207.82 Million		 +1.94%
2005-12-31 CN¥1.39 Billion
≈ $203.87 Million		 +3.72%
2004-12-31 CN¥1.34 Billion
≈ $196.56 Million		 +2.57%
2003-12-31 CN¥1.31 Billion
≈ $191.63 Million		 +4.17%
2002-12-31 CN¥1.26 Billion
≈ $183.95 Million		 +0.80%
2001-12-31 CN¥1.25 Billion
≈ $182.50 Million		 -7.16%
2000-12-31 CN¥1.34 Billion
≈ $196.57 Million		 +0.91%
1999-12-31 CN¥1.33 Billion
≈ $194.79 Million		 -1.69%
1998-12-31 CN¥1.35 Billion
≈ $198.14 Million		 +4.10%
1997-12-31 CN¥1.30 Billion
≈ $190.34 Million		 +52.91%
1996-12-31 CN¥850.68 Million
≈ $124.48 Million		 +10.28%
1995-12-31 CN¥771.35 Million
≈ $112.87 Million		 --
1994-12-31 CN¥0.00
≈ $0.00		 --
1993-12-31 CN¥626.31 Million
≈ $91.65 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Tande 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 3232.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥1.48 Billion 51.61%
Common Stock CN¥864.12 Million 30.05%
Other Comprehensive Income CN¥330.48 Million 11.49%
Other Components CN¥196.98 Million 6.85%
Total Equity CN¥2.88 Billion 100.00%

Tande Co Ltd Competitors by Market Cap

The table below lists competitors of Tande Co Ltd ranked by their market capitalization.

Company Market Cap
Huang Hsiang Construction Corp
TW:2545
 $455.22 Million
JiangXi BaiSheng Intelligent Technology Co. Ltd.
SHE:301083
 $455.22 Million
Temple & Webster Group Ltd
AU:TPW
 $455.30 Million
Ibersol SGPS
LS:IBS
 $455.49 Million
Aeroflex Industries Limited
NSE:AEROFLEX
 $455.16 Million
Nanjing Julong Science & Technology Co Ltd Class A
SHE:300644
 $455.12 Million
Korea Electronic Power Industrial Development Co Ltd
KO:130660
 $455.11 Million
Tieling Newcity Investment Holding Ltd
SHE:000809
 $455.01 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 3,895,473,501 to 2,875,503,227, a change of -1,019,970,274 (-26.2%).
  • Net loss of 1,019,943,835 reduced equity.
  • Dividend payments of 895,710,041 reduced retained earnings.
  • Other comprehensive income increased equity by 330,371,090.
  • Other factors increased equity by 565,312,512.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥-1.02 Billion -35.47%
Dividends Paid CN¥895.71 Million -31.15%
Other Comprehensive Income CN¥330.37 Million +11.49%
Other Changes CN¥565.31 Million +19.66%
Total Change CN¥- -26.18%

Book Value vs Market Value Analysis

This analysis compares Tande 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: 1.08x
  • 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 5.06x to 1.08x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1993-12-31 CN¥0.71 CN¥3.60 x
1994-12-31 CN¥0.89 CN¥3.60 x
1995-12-31 CN¥0.87 CN¥3.60 x
1996-12-31 CN¥0.96 CN¥3.60 x
1997-12-31 CN¥1.47 CN¥3.60 x
1998-12-31 CN¥1.53 CN¥3.60 x
1999-12-31 CN¥1.51 CN¥3.60 x
2000-12-31 CN¥1.52 CN¥3.60 x
2001-12-31 CN¥1.41 CN¥3.60 x
2002-12-31 CN¥1.42 CN¥3.60 x
2003-12-31 CN¥1.49 CN¥3.60 x
2004-12-31 CN¥1.52 CN¥3.60 x
2005-12-31 CN¥1.56 CN¥3.60 x
2006-12-31 CN¥1.62 CN¥3.60 x
2007-12-31 CN¥1.62 CN¥3.60 x
2008-12-31 CN¥1.72 CN¥3.60 x
2009-12-31 CN¥1.81 CN¥3.60 x
2010-12-31 CN¥1.98 CN¥3.60 x
2011-12-31 CN¥2.25 CN¥3.60 x
2012-12-31 CN¥2.53 CN¥3.60 x
2013-12-31 CN¥2.75 CN¥3.60 x
2014-12-31 CN¥2.99 CN¥3.60 x
2015-12-31 CN¥3.12 CN¥3.60 x
2016-12-31 CN¥3.31 CN¥3.60 x
2017-12-31 CN¥3.52 CN¥3.60 x
2018-12-31 CN¥3.92 CN¥3.60 x
2019-12-31 CN¥4.27 CN¥3.60 x
2020-12-31 CN¥4.53 CN¥3.60 x
2021-12-31 CN¥4.81 CN¥3.60 x
2022-12-31 CN¥5.08 CN¥3.60 x
2023-12-31 CN¥4.51 CN¥3.60 x
2024-12-31 CN¥3.33 CN¥3.60 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tande 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): -35.47%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -9.49%
  • • Asset Turnover: 0.38x
  • • Equity Multiplier: 9.85x
  • Recent ROE (-35.47%) is below the historical average (5.71%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1993 7.11% 12.77% 0.51x 1.09x CN¥-18.07 Million
1994 10.38% 24.78% 0.38x 1.09x CN¥2.95 Million
1995 7.13% 8.53% 0.66x 1.28x CN¥-21.97 Million
1996 9.39% 9.04% 0.81x 1.28x CN¥-5.13 Million
1997 7.12% 10.86% 0.56x 1.16x CN¥-37.30 Million
1998 3.84% 6.42% 0.47x 1.27x CN¥-82.84 Million
1999 0.84% 0.99% 0.65x 1.30x CN¥-121.35 Million
2000 0.96% 1.70% 0.47x 1.19x CN¥-120.89 Million
2001 1.10% 1.66% 0.62x 1.07x CN¥-110.43 Million
2002 0.68% 1.09% 0.53x 1.19x CN¥-116.54 Million
2003 4.15% 5.48% 0.56x 1.36x CN¥-76.52 Million
2004 4.55% 8.82% 0.28x 1.87x CN¥-72.96 Million
2005 4.89% 7.06% 0.35x 1.96x CN¥-69.95 Million
2006 5.11% 7.80% 0.27x 2.41x CN¥-68.29 Million
2007 5.75% 7.37% 0.23x 3.34x CN¥-59.52 Million
2008 8.52% 8.76% 0.31x 3.15x CN¥-22.10 Million
2009 8.88% 7.48% 0.30x 3.99x CN¥-17.48 Million
2010 11.06% 9.25% 0.27x 4.49x CN¥18.19 Million
2011 11.75% 9.73% 0.28x 4.35x CN¥33.87 Million
2012 11.09% 10.67% 0.25x 4.10x CN¥23.76 Million
2013 11.22% 9.89% 0.23x 4.87x CN¥28.94 Million
2014 11.41% 9.16% 0.23x 5.43x CN¥36.37 Million
2015 7.67% 6.96% 0.17x 6.43x CN¥-63.02 Million
2016 8.05% 6.18% 0.19x 6.69x CN¥-55.73 Million
2017 8.34% 6.42% 0.18x 7.08x CN¥-50.47 Million
2018 12.40% 7.98% 0.24x 6.41x CN¥81.51 Million
2019 11.49% 7.58% 0.19x 7.85x CN¥55.07 Million
2020 8.40% 6.20% 0.16x 8.68x CN¥-62.52 Million
2021 9.06% 5.43% 0.17x 9.93x CN¥-39.04 Million
2022 15.97% 6.64% 0.26x 9.19x CN¥261.85 Million
2023 -10.02% -3.39% 0.33x 9.06x CN¥-779.94 Million
2024 -35.47% -9.49% 0.38x 9.85x CN¥-1.31 Billion

Industry Comparison

This section compares Tande Co Ltd's net assets metrics with peer companies in the Real Estate Services industry.

Industry Context

  • Industry: Real Estate Services
  • Average net assets among peers: $1,718,371,481
  • Average return on equity (ROE) among peers: 14.03%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Tande Co Ltd (600665) CN¥3.59 Billion 7.11% 6.05x $455.21 Million
Shenzhen SEG Co Ltd (000058) $1.17 Billion 5.05% 0.25x $1.18 Billion
5I5j Holding Group Co Ltd (000560) $10.38 Billion 3.00% 0.94x $1.02 Billion
DongGuan Winnerway Industrial Zone Ltd (000573) $1.39 Billion 1.05% 0.57x $469.80 Million
Beijing Mainstreets Investment (000609) $1.58 Billion 8.52% 0.11x $631.48 Million
Rongfeng Holding Group (000668) $747.23 Million 0.24% 1.04x $340.58 Million
Sanxiang Co Ltd (000863) $26.49 Million 53.94% 2.99x $837.95 Million
China Merchants Property Operation & Service Co Ltd (001914) $239.99 Million 10.48% 1.35x $1.58 Billion
Shenzhen Worldunion Properties Consultancy Inc (002285) $238.74 Million 27.80% 0.52x $909.83 Million
Chongqing New Dazheng Property Grp (002968) $107.01 Million 25.35% 1.42x $407.93 Million
Shenzhen SEG Co Ltd (200058) $1.30 Billion 4.83% 0.26x $56.32 Million

About Tande Co Ltd

SHG:600665 China Real Estate Services
Market Cap
$455.21 Million
CN¥3.11 Billion CNY
Market Cap Rank
#13042 Global
#4090 in China
Share Price
CN¥3.60
Change (1 day)
+1.69%
52-Week Range
CN¥2.98 - CN¥3.81
All Time High
CN¥6.56
Categories
Companies in China Real Estate Services
About

Tande Co., Ltd. engages in the real estate development business in China. It is involved in the development and sale of real estate properties; and property management activities. The company is also engaged in land consolidation services, external contracting projects; landscaping construction; earthwork construction; metal door and window construction; engineering construction; general machiner… Read more