TongKun Group Co Ltd (601233) - Net Assets
Based on the latest financial reports, TongKun Group Co Ltd (601233) has net assets worth CN¥40.76 Billion CNY (≈ $5.96 Billion 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¥120.89 Billion ≈ $17.69 Billion USD) and total liabilities (CN¥80.13 Billion ≈ $11.72 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 601233 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥40.76 Billion |
| % of Total Assets | 33.72% |
| Annual Growth Rate | 22.6% |
| 5-Year Change | 7.93% |
| 10-Year Change | 252.68% |
| Growth Volatility | 36.04 |
TongKun Group Co Ltd - Net Assets Trend (2008–2025)
This chart illustrates how TongKun Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See 601233 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for TongKun Group Co Ltd (2008–2025)
The table below shows the annual net assets of TongKun Group Co Ltd from 2008 to 2025. For live valuation and market cap data, see TongKun Group Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥38.86 Billion ≈ $5.69 Billion |
+5.08% |
| 2024-12-31 | CN¥36.98 Billion ≈ $5.41 Billion |
+3.35% |
| 2023-12-31 | CN¥35.78 Billion ≈ $5.24 Billion |
+2.22% |
| 2022-12-31 | CN¥35.01 Billion ≈ $5.12 Billion |
-2.77% |
| 2021-12-31 | CN¥36.00 Billion ≈ $5.27 Billion |
+39.80% |
| 2020-12-31 | CN¥25.75 Billion ≈ $3.77 Billion |
+35.00% |
| 2019-12-31 | CN¥19.08 Billion ≈ $2.79 Billion |
+18.26% |
| 2018-12-31 | CN¥16.13 Billion ≈ $2.36 Billion |
+20.09% |
| 2017-12-31 | CN¥13.43 Billion ≈ $1.97 Billion |
+21.91% |
| 2016-12-31 | CN¥11.02 Billion ≈ $1.61 Billion |
+57.84% |
| 2015-12-31 | CN¥6.98 Billion ≈ $1.02 Billion |
+1.42% |
| 2014-12-31 | CN¥6.88 Billion ≈ $1.01 Billion |
-2.49% |
| 2013-12-31 | CN¥7.06 Billion ≈ $1.03 Billion |
-0.71% |
| 2012-12-31 | CN¥7.11 Billion ≈ $1.04 Billion |
+3.37% |
| 2011-12-31 | CN¥6.88 Billion ≈ $1.01 Billion |
+137.37% |
| 2010-12-31 | CN¥2.90 Billion ≈ $423.96 Million |
+83.33% |
| 2009-12-31 | CN¥1.58 Billion ≈ $231.26 Million |
+29.89% |
| 2008-12-31 | CN¥1.22 Billion ≈ $178.04 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to TongKun 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 3552.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥21.63 Billion | 56.44% |
| Other Components | CN¥16.69 Billion | 43.56% |
| Total Equity | CN¥38.32 Billion | 100.00% |
TongKun Group Co Ltd Competitors by Market Cap
The table below lists competitors of TongKun Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Applied Digital Corporation
NASDAQ:APLD
|
$7.31 Billion |
|
BARRY CALLEBA. ADR 1/100
F:BCLM
|
$7.31 Billion |
|
Indian Overseas Bank
NSE:IOB
|
$7.31 Billion |
|
Verona Pharma PLC ADR
NASDAQ:VRNA
|
$7.31 Billion |
|
Krafton Inc
KO:259960
|
$7.31 Billion |
|
Cinda Securities Co. Ltd. A
SHG:601059
|
$7.30 Billion |
|
Inner Mongolia Dazhong Mining Co Ltd
SHE:001203
|
$7.28 Billion |
|
Sibanye Stillwater Limited
F:47VS
|
$7.28 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TongKun Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 36,540,707,000 to 38,324,753,281, a change of 1,784,046,281 (4.9%).
- Net income of 2,032,802,043 contributed positively to equity growth.
- Dividend payments of 1,407,602,082 reduced retained earnings.
- Other comprehensive income decreased equity by 1,201,072,000.
- Other factors increased equity by 2,359,918,320.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.03 Billion | +5.3% |
| Dividends Paid | CN¥1.41 Billion | -3.67% |
| Other Comprehensive Income | CN¥-1.20 Billion | -3.13% |
| Other Changes | CN¥2.36 Billion | +6.16% |
| Total Change | CN¥- | 4.88% |
Book Value vs Market Value Analysis
This analysis compares TongKun 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: 1.32x
- 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 16.62x to 1.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥1.26 | CN¥20.99 | x |
| 2009-12-31 | CN¥1.59 | CN¥20.99 | x |
| 2010-12-31 | CN¥2.68 | CN¥20.99 | x |
| 2011-12-31 | CN¥5.10 | CN¥20.99 | x |
| 2012-12-31 | CN¥5.07 | CN¥20.99 | x |
| 2013-12-31 | CN¥4.67 | CN¥20.99 | x |
| 2014-12-31 | CN¥5.23 | CN¥20.99 | x |
| 2015-12-31 | CN¥5.17 | CN¥20.99 | x |
| 2016-12-31 | CN¥7.13 | CN¥20.99 | x |
| 2017-12-31 | CN¥7.75 | CN¥20.99 | x |
| 2018-12-31 | CN¥8.79 | CN¥20.99 | x |
| 2019-12-31 | CN¥9.49 | CN¥20.99 | x |
| 2020-12-31 | CN¥12.58 | CN¥20.99 | x |
| 2021-12-31 | CN¥15.51 | CN¥20.99 | x |
| 2022-12-31 | CN¥14.61 | CN¥20.99 | x |
| 2023-12-31 | CN¥14.94 | CN¥20.99 | x |
| 2024-12-31 | CN¥15.51 | CN¥20.99 | x |
| 2025-12-31 | CN¥15.94 | CN¥20.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TongKun 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): 5.30%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.17%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 2.96x
- Recent ROE (5.30%) is below the historical average (10.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 9.33% | 1.13% | 3.21x | 2.57x | CN¥-7.46 Million |
| 2009 | 23.21% | 3.55% | 2.37x | 2.76x | CN¥188.37 Million |
| 2010 | 41.31% | 7.43% | 2.56x | 2.17x | CN¥827.54 Million |
| 2011 | 17.21% | 5.57% | 1.85x | 1.67x | CN¥469.37 Million |
| 2012 | 3.80% | 1.40% | 1.41x | 1.93x | CN¥-419.60 Million |
| 2013 | 1.07% | 0.32% | 1.44x | 2.29x | CN¥-599.74 Million |
| 2014 | 1.64% | 0.45% | 1.82x | 2.01x | CN¥-571.21 Million |
| 2015 | 1.66% | 0.53% | 1.44x | 2.17x | CN¥-579.33 Million |
| 2016 | 10.32% | 4.43% | 1.35x | 1.73x | CN¥34.65 Million |
| 2017 | 13.16% | 5.37% | 1.24x | 1.98x | CN¥422.69 Million |
| 2018 | 13.19% | 5.10% | 1.20x | 2.16x | CN¥513.17 Million |
| 2019 | 15.18% | 5.70% | 1.26x | 2.10x | CN¥983.82 Million |
| 2020 | 11.05% | 6.19% | 0.98x | 1.83x | CN¥269.87 Million |
| 2021 | 20.83% | 12.62% | 0.85x | 1.94x | CN¥3.88 Billion |
| 2022 | 0.36% | 0.20% | 0.69x | 2.60x | CN¥-3.35 Billion |
| 2023 | 2.25% | 0.96% | 0.81x | 2.89x | CN¥-2.75 Billion |
| 2024 | 3.29% | 1.19% | 0.97x | 2.86x | CN¥-2.45 Billion |
| 2025 | 5.30% | 2.17% | 0.83x | 2.96x | CN¥-1.80 Billion |
Industry Comparison
This section compares TongKun Group Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $1,291,822,492
- Average return on equity (ROE) among peers: 5.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TongKun Group Co Ltd (601233) | CN¥40.76 Billion | 9.33% | 1.97x | $7.31 Billion |
| Shenzhen Textile Holdings Co Ltd (000045) | $430.71 Million | 6.25% | 0.56x | $717.59 Million |
| Shijiazhuang Changshan Textile Co Ltd (000158) | $1.25 Billion | 6.26% | 0.65x | $3.40 Billion |
| Jilin Chemical Fibre Co Ltd (000420) | $1.07 Billion | -10.65% | 0.92x | $1.52 Billion |
| Lu Thai Textile Co Ltd (000726) | $1.28 Billion | 8.92% | 0.16x | $486.18 Million |
| Anhui Huamao Textile Co Ltd (000850) | $1.03 Billion | 2.70% | 0.74x | $508.16 Million |
| Xinxiang Chemical Fiber Co Ltd (000949) | $1.87 Billion | 7.82% | 1.38x | $1.57 Billion |
| Xinlong Holding Group Co Ltd (000955) | $150.00 Million | 20.59% | 2.22x | $391.56 Million |
| Huafu Top Dyed Melange Yarn Co Ltd (002042) | $219.20 Million | 1.14% | 0.93x | $933.24 Million |
| Sunvim Group Co Ltd (002083) | $3.92 Billion | 7.31% | 1.09x | $1.47 Billion |
| Hongda High-Tech Holding Co Ltd (002144) | $1.70 Billion | 5.94% | 0.21x | $274.44 Million |
About TongKun Group Co Ltd
Tongkun Group Co., Ltd. manufactures and sells civilian polyester filament yarns in China and internationally. It offers civilian polyester filaments, including polyester pre-oriented yarn (POY), polyester fully drawn yarn, polyester series of polyester POY, polyester stretch textured yarn, polyester composite yarn, ITY, and medium-strength yarn. It also provides terephthalic acid, ethylene glyco… Read more