Tibet Tourism Co Ltd (600749) - Net Assets
Based on the latest financial reports, Tibet Tourism Co Ltd (600749) has net assets worth CN¥1.04 Billion CNY (≈ $152.70 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.45 Billion ≈ $211.82 Million USD) and total liabilities (CN¥404.02 Million ≈ $59.12 Million 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 how resilient are Tibet Tourism Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.04 Billion |
| % of Total Assets | 72.09% |
| Annual Growth Rate | 18.52% |
| 5-Year Change | 3.44% |
| 10-Year Change | 97.69% |
| Growth Volatility | 106.55 |
Tibet Tourism Co Ltd - Net Assets Trend (1993–2025)
This chart illustrates how Tibet Tourism Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Tibet Tourism Co Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Tibet Tourism Co Ltd (1993–2025)
The table below shows the annual net assets of Tibet Tourism Co Ltd from 1993 to 2025. For live valuation and market cap data, see 600749 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.06 Billion ≈ $155.64 Million |
+1.99% |
| 2024-12-31 | CN¥1.04 Billion ≈ $152.61 Million |
+2.14% |
| 2023-12-31 | CN¥1.02 Billion ≈ $149.41 Million |
+2.37% |
| 2022-12-31 | CN¥997.40 Million ≈ $145.95 Million |
-3.00% |
| 2021-12-31 | CN¥1.03 Billion ≈ $150.47 Million |
-0.65% |
| 2020-12-31 | CN¥1.04 Billion ≈ $151.46 Million |
-1.82% |
| 2019-12-31 | CN¥1.05 Billion ≈ $154.26 Million |
+0.24% |
| 2018-12-31 | CN¥1.05 Billion ≈ $153.89 Million |
+130.50% |
| 2017-12-31 | CN¥456.25 Million ≈ $66.76 Million |
-15.20% |
| 2016-12-31 | CN¥538.01 Million ≈ $78.73 Million |
-17.19% |
| 2015-12-31 | CN¥649.73 Million ≈ $95.08 Million |
+1.55% |
| 2014-12-31 | CN¥639.81 Million ≈ $93.62 Million |
-5.39% |
| 2013-12-31 | CN¥676.29 Million ≈ $98.96 Million |
+0.90% |
| 2012-12-31 | CN¥670.27 Million ≈ $98.08 Million |
+2.25% |
| 2011-12-31 | CN¥655.55 Million ≈ $95.93 Million |
+108.27% |
| 2010-12-31 | CN¥314.77 Million ≈ $46.06 Million |
+6.88% |
| 2009-12-31 | CN¥294.50 Million ≈ $43.09 Million |
+1.01% |
| 2008-12-31 | CN¥291.54 Million ≈ $42.66 Million |
-12.48% |
| 2007-12-31 | CN¥333.10 Million ≈ $48.74 Million |
+181.11% |
| 2006-12-31 | CN¥118.49 Million ≈ $17.34 Million |
+5.26% |
| 2005-12-31 | CN¥112.58 Million ≈ $16.47 Million |
+12.87% |
| 2004-12-31 | CN¥99.74 Million ≈ $14.60 Million |
+15.71% |
| 2003-12-31 | CN¥86.20 Million ≈ $12.61 Million |
+17.78% |
| 2002-12-31 | CN¥73.18 Million ≈ $10.71 Million |
-13.00% |
| 2001-12-31 | CN¥84.12 Million ≈ $12.31 Million |
-24.73% |
| 2000-12-31 | CN¥111.76 Million ≈ $16.35 Million |
+6.17% |
| 1999-12-31 | CN¥105.26 Million ≈ $15.40 Million |
-9.37% |
| 1998-12-31 | CN¥116.14 Million ≈ $16.99 Million |
+6.30% |
| 1997-12-31 | CN¥109.25 Million ≈ $15.99 Million |
+9.10% |
| 1996-12-31 | CN¥100.14 Million ≈ $14.65 Million |
+184.68% |
| 1995-12-31 | CN¥35.18 Million ≈ $5.15 Million |
+554.22% |
| 1994-12-31 | CN¥5.38 Million ≈ $786.79K |
+16.01% |
| 1993-12-31 | CN¥4.63 Million ≈ $678.22K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Tibet Tourism 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 decreased by 10938964026.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.17 Billion | 110.32% |
| Total Equity | CN¥1.06 Billion | 100.00% |
Tibet Tourism Co Ltd Competitors by Market Cap
The table below lists competitors of Tibet Tourism Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Boamax Technologies Group Co Ltd
SHE:002514
|
$496.26 Million |
|
Zhejiang Wandekai Fluid Equipment Technology Co. Ltd. A
SHE:301309
|
$496.51 Million |
|
Fullink Technology Co. LTD.
SHE:301067
|
$496.58 Million |
|
Hunan Hengguang Technology Co.Ltd.
SHE:301118
|
$496.66 Million |
|
Andersen Group Inc.
NYSE:ANDG
|
$496.17 Million |
|
Tieling Newcity Investment Holding Ltd
SHE:000809
|
$496.05 Million |
|
Stark Technology Inc
TW:2480
|
$495.94 Million |
|
WIA Gold Ltd
AU:WIA
|
$495.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tibet Tourism Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,041,175,072 to 1,059,959,703, a change of 18,784,631 (1.8%).
- Net income of 23,273,841 contributed positively to equity growth.
- Dividend payments of 5,478,638 reduced retained earnings.
- Other comprehensive income decreased equity by 190,592.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥23.27 Million | +2.2% |
| Dividends Paid | CN¥5.48 Million | -0.52% |
| Other Comprehensive Income | CN¥-190.59K | -0.02% |
| Other Changes | CN¥1.18 Million | +0.11% |
| Total Change | CN¥- | 1.80% |
Book Value vs Market Value Analysis
This analysis compares Tibet Tourism 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: 3.20x
- 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 386.65x to 3.20x 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¥0.04 | CN¥14.94 | x |
| 1994-12-31 | CN¥0.04 | CN¥14.94 | x |
| 1995-12-31 | CN¥0.29 | CN¥14.94 | x |
| 1996-12-31 | CN¥0.83 | CN¥14.94 | x |
| 1997-12-31 | CN¥0.91 | CN¥14.94 | x |
| 1998-12-31 | CN¥0.96 | CN¥14.94 | x |
| 1999-12-31 | CN¥0.87 | CN¥14.94 | x |
| 2000-12-31 | CN¥0.92 | CN¥14.94 | x |
| 2001-12-31 | CN¥0.70 | CN¥14.94 | x |
| 2002-12-31 | CN¥0.61 | CN¥14.94 | x |
| 2003-12-31 | CN¥0.70 | CN¥14.94 | x |
| 2004-12-31 | CN¥0.78 | CN¥14.94 | x |
| 2005-12-31 | CN¥0.89 | CN¥14.94 | x |
| 2006-12-31 | CN¥0.94 | CN¥14.94 | x |
| 2007-12-31 | CN¥3.16 | CN¥14.94 | x |
| 2008-12-31 | CN¥1.71 | CN¥14.94 | x |
| 2009-12-31 | CN¥1.71 | CN¥14.94 | x |
| 2010-12-31 | CN¥1.84 | CN¥14.94 | x |
| 2011-12-31 | CN¥3.56 | CN¥14.94 | x |
| 2012-12-31 | CN¥3.47 | CN¥14.94 | x |
| 2013-12-31 | CN¥3.48 | CN¥14.94 | x |
| 2014-12-31 | CN¥3.33 | CN¥14.94 | x |
| 2015-12-31 | CN¥3.35 | CN¥14.94 | x |
| 2016-12-31 | CN¥2.84 | CN¥14.94 | x |
| 2017-12-31 | CN¥2.43 | CN¥14.94 | x |
| 2018-12-31 | CN¥4.85 | CN¥14.94 | x |
| 2019-12-31 | CN¥4.65 | CN¥14.94 | x |
| 2020-12-31 | CN¥4.64 | CN¥14.94 | x |
| 2021-12-31 | CN¥4.62 | CN¥14.94 | x |
| 2022-12-31 | CN¥4.48 | CN¥14.94 | x |
| 2023-12-31 | CN¥4.51 | CN¥14.94 | x |
| 2024-12-31 | CN¥4.67 | CN¥14.94 | x |
| 2025-12-31 | CN¥4.67 | CN¥14.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tibet Tourism 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): 2.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.44%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.37x
- Recent ROE (2.20%) is above the historical average (1.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 42.66% | 49.46% | 0.27x | 3.25x | CN¥1.51 Million |
| 1994 | 30.88% | 29.35% | 0.29x | 3.61x | CN¥1.12 Million |
| 1995 | 4.44% | 10.81% | 0.25x | 1.65x | CN¥-1.96 Million |
| 1996 | 5.49% | 19.22% | 0.20x | 1.40x | CN¥-4.52 Million |
| 1997 | 8.34% | 31.28% | 0.19x | 1.42x | CN¥-1.81 Million |
| 1998 | 6.50% | 19.44% | 0.21x | 1.59x | CN¥-4.02 Million |
| 1999 | 0.81% | 1.99% | 0.22x | 1.85x | CN¥-9.58 Million |
| 2000 | 6.02% | 17.50% | 0.19x | 1.84x | CN¥-4.41 Million |
| 2001 | -32.16% | -87.32% | 0.16x | 2.32x | CN¥-35.18 Million |
| 2002 | -16.26% | -42.76% | 0.17x | 2.26x | CN¥-19.09 Million |
| 2003 | 1.62% | 2.00% | 0.31x | 2.63x | CN¥-7.00 Million |
| 2004 | 11.23% | 4.57% | 0.81x | 3.03x | CN¥1.16 Million |
| 2005 | 13.73% | 6.49% | 0.70x | 3.01x | CN¥3.97 Million |
| 2006 | 9.16% | 5.25% | 0.55x | 3.18x | CN¥-943.66K |
| 2007 | 2.46% | 5.61% | 0.24x | 1.80x | CN¥-24.43 Million |
| 2008 | -14.74% | -80.32% | 0.08x | 2.18x | CN¥-69.81 Million |
| 2009 | 0.37% | 1.07% | 0.16x | 2.21x | CN¥-27.28 Million |
| 2010 | 7.00% | 17.04% | 0.20x | 2.01x | CN¥-9.12 Million |
| 2011 | 1.66% | 5.28% | 0.21x | 1.50x | CN¥-53.75 Million |
| 2012 | 1.71% | 6.88% | 0.14x | 1.72x | CN¥-54.35 Million |
| 2013 | 1.19% | 4.38% | 0.15x | 1.77x | CN¥-58.04 Million |
| 2014 | -5.32% | -20.91% | 0.12x | 2.12x | CN¥-96.39 Million |
| 2015 | 0.84% | 3.52% | 0.08x | 2.92x | CN¥-58.12 Million |
| 2016 | -17.63% | -75.35% | 0.10x | 2.46x | CN¥-149.09 Million |
| 2017 | -17.19% | -55.90% | 0.11x | 2.90x | CN¥-125.22 Million |
| 2018 | 2.02% | 11.91% | 0.13x | 1.28x | CN¥-84.27 Million |
| 2019 | 1.98% | 11.09% | 0.14x | 1.25x | CN¥-84.67 Million |
| 2020 | 0.46% | 3.77% | 0.09x | 1.32x | CN¥-98.64 Million |
| 2021 | -0.79% | -4.64% | 0.11x | 1.49x | CN¥-110.63 Million |
| 2022 | -2.95% | -24.34% | 0.09x | 1.37x | CN¥-128.98 Million |
| 2023 | 1.42% | 6.81% | 0.14x | 1.51x | CN¥-87.36 Million |
| 2024 | 1.60% | 7.82% | 0.14x | 1.46x | CN¥-87.43 Million |
| 2025 | 2.20% | 12.44% | 0.13x | 1.37x | CN¥-82.72 Million |
Industry Comparison
This section compares Tibet Tourism Co Ltd's net assets metrics with peer companies in the Lodging industry.
Industry Context
- Industry: Lodging
- Average net assets among peers: $2,386,622,124
- Average return on equity (ROE) among peers: 0.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tibet Tourism Co Ltd (600749) | CN¥1.04 Billion | 42.66% | 0.39x | $496.19 Million |
| ShenZhen Zero-Seven Co Ltd (000007) | $372.15 Million | 8.69% | 1.13x | $620.02 Million |
| Shenzhen Overseas Chinese Town Co Ltd (000069) | $11.45 Billion | 14.90% | 1.69x | $2.31 Billion |
| Huatian Hotel Group Co Ltd (000428) | $2.92 Billion | 3.74% | 2.10x | $545.71 Million |
| Zhang Jia Jie Tourism Group Co Ltd (000430) | $-9.55 Million | 0.00% | 0.00x | $863.68 Million |
| XiAn Tourism Co Ltd (000610) | $436.86 Million | -4.78% | 0.32x | $251.17 Million |
| Guilin Tourism Corp Ltd (000978) | $1.28 Billion | -23.68% | 0.84x | $449.37 Million |
| LiJiang YuLong Tourism Co Ltd (002033) | $116.75 Million | 17.40% | 0.48x | $699.55 Million |
| Yunnan Tourism Co Ltd (002059) | $2.04 Billion | -13.81% | 1.46x | $656.31 Million |
| SSAW Hotels & Resorts Group Co.Ltd. (301073) | $975.86 Million | 3.13% | 1.48x | $676.36 Million |
| Huangshan Tourism Development Co Ltd A (600054) | $4.29 Billion | -3.04% | 0.21x | $829.24 Million |
About Tibet Tourism Co Ltd
Tibet Tourism Co.,Ltd engages in the tourism, attractions, services, and commerce business in China. The company engages in the operation of tourist scenic spots, which includes tourism reception, short-distance transportation, content experience, and commercial leasing; and tourism service business comprising exhibition services, tourism product sales, online travel platforms, and domestic and i… Read more