Tianjin You Fa Steel Pipe Group Stock Co Ltd (601686) - Net Assets
Based on the latest financial reports, Tianjin You Fa Steel Pipe Group Stock Co Ltd (601686) has net assets worth CN¥7.44 Billion CNY (≈ $1.09 Billion 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¥26.74 Billion ≈ $3.91 Billion USD) and total liabilities (CN¥19.30 Billion ≈ $2.82 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. See Tianjin You Fa Steel Pipe Group Stock Co net asset quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥7.44 Billion |
| % of Total Assets | 27.82% |
| Annual Growth Rate | 17.28% |
| 5-Year Change | 14.66% |
| 10-Year Change | N/A |
| Growth Volatility | 19.81 |
Tianjin You Fa Steel Pipe Group Stock Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Tianjin You Fa Steel Pipe Group Stock Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 601686 market cap overview.
Annual Net Assets for Tianjin You Fa Steel Pipe Group Stock Co Ltd (2016–2024)
The table below shows the annual net assets of Tianjin You Fa Steel Pipe Group Stock Co Ltd from 2016 to 2024. Also explore 601686 net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥7.85 Billion ≈ $1.15 Billion |
+1.91% |
| 2023-12-31 | CN¥7.70 Billion ≈ $1.13 Billion |
+4.35% |
| 2022-12-31 | CN¥7.38 Billion ≈ $1.08 Billion |
+1.95% |
| 2021-12-31 | CN¥7.24 Billion ≈ $1.06 Billion |
+5.76% |
| 2020-12-31 | CN¥6.85 Billion ≈ $1.00 Billion |
+64.33% |
| 2019-12-31 | CN¥4.17 Billion ≈ $609.63 Million |
+22.01% |
| 2018-12-31 | CN¥3.41 Billion ≈ $499.65 Million |
+29.00% |
| 2017-12-31 | CN¥2.65 Billion ≈ $387.32 Million |
+20.70% |
| 2016-12-31 | CN¥2.19 Billion ≈ $320.89 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tianjin You Fa Steel Pipe Group Stock 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 234.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.96 Billion | 43.71% |
| Common Stock | CN¥1.43 Billion | 21.19% |
| Other Components | CN¥2.37 Billion | 35.10% |
| Total Equity | CN¥6.76 Billion | 100.00% |
Tianjin You Fa Steel Pipe Group Stock Co Ltd Competitors by Market Cap
The table below lists competitors of Tianjin You Fa Steel Pipe Group Stock Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HNA Technology Co Ltd A
SHG:600751
|
$1.08 Billion |
|
Service Stream Ltd
AU:SSM
|
$1.08 Billion |
|
Teladoc Inc
NYSE:TDOC
|
$1.08 Billion |
|
Zhejiang Huangma Technology Co Ltd
SHG:603181
|
$1.08 Billion |
|
Jiangyin Hengrun Heavy
SHG:603985
|
$1.08 Billion |
|
Smartgroup Corporation Ltd
AU:SIQ
|
$1.08 Billion |
|
PATTIES FOODS
F:PH4
|
$1.08 Billion |
|
Loma Negra Compañía Industrial Argentina Sociedad Anónima
F:8LN
|
$1.08 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tianjin You Fa Steel Pipe Group Stock Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,713,166,252 to 6,760,918,501, a change of 47,752,249 (0.7%).
- Net income of 424,777,353 contributed positively to equity growth.
- Dividend payments of 503,506,537 reduced retained earnings.
- Share repurchases of 162,741,317 reduced equity.
- Other factors increased equity by 289,222,750.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥424.78 Million | +6.28% |
| Dividends Paid | CN¥503.51 Million | -7.45% |
| Share Repurchases | CN¥162.74 Million | -2.41% |
| Other Changes | CN¥289.22 Million | +4.28% |
| Total Change | CN¥- | 0.71% |
Book Value vs Market Value Analysis
This analysis compares Tianjin You Fa Steel Pipe Group Stock 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: 1.05x
- 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 2.93x to 1.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥1.71 | CN¥5.02 | x |
| 2017-12-31 | CN¥2.09 | CN¥5.02 | x |
| 2018-12-31 | CN¥2.40 | CN¥5.02 | x |
| 2019-12-31 | CN¥2.63 | CN¥5.02 | x |
| 2020-12-31 | CN¥4.43 | CN¥5.02 | x |
| 2021-12-31 | CN¥4.41 | CN¥5.02 | x |
| 2022-12-31 | CN¥4.59 | CN¥5.02 | x |
| 2023-12-31 | CN¥4.71 | CN¥5.02 | x |
| 2024-12-31 | CN¥4.77 | CN¥5.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tianjin You Fa Steel Pipe Group Stock 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): 6.28%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.77%
- • Asset Turnover: 2.11x
- • Equity Multiplier: 3.85x
- Recent ROE (6.28%) is below the historical average (13.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 22.76% | 2.52% | 3.19x | 2.83x | CN¥278.66 Million |
| 2017 | 17.25% | 1.45% | 4.78x | 2.49x | CN¥191.24 Million |
| 2018 | 12.92% | 1.03% | 5.07x | 2.48x | CN¥87.62 Million |
| 2019 | 23.26% | 1.93% | 5.05x | 2.38x | CN¥492.96 Million |
| 2020 | 18.27% | 2.36% | 4.09x | 1.89x | CN¥517.52 Million |
| 2021 | 9.86% | 0.92% | 4.21x | 2.55x | CN¥-8.90 Million |
| 2022 | 4.62% | 0.44% | 4.01x | 2.61x | CN¥-346.47 Million |
| 2023 | 8.49% | 0.94% | 3.45x | 2.63x | CN¥-101.45 Million |
| 2024 | 6.28% | 0.77% | 2.11x | 3.85x | CN¥-251.31 Million |
Industry Comparison
This section compares Tianjin You Fa Steel Pipe Group Stock Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $21,474,777,474
- Average return on equity (ROE) among peers: 13.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tianjin You Fa Steel Pipe Group Stock Co Ltd (601686) | CN¥7.44 Billion | 22.76% | 2.59x | $1.08 Billion |
| CITIC Pacific Special Steel Group Co Ltd (000708) | $32.79 Billion | 23.72% | 1.58x | $9.54 Billion |
| HBIS Co Ltd (000709) | $44.78 Billion | 3.09% | 2.15x | $3.04 Billion |
| Sgis Songshan Co Ltd (000717) | $359.38 Million | 31.44% | 1.77x | $755.48 Million |
| Bengang Steel Plates Co Ltd (000761) | $15.56 Billion | 5.11% | 1.64x | $1.20 Billion |
| Xinxing Ductile Iron Pipes Co Ltd (000778) | $22.35 Billion | 6.70% | 1.22x | $2.07 Billion |
| Shanxi Taigang Stainless Steel Co Ltd (000825) | $25.95 Billion | 1.70% | 1.94x | $2.78 Billion |
| Jiangsu Fasten Co Ltd (000890) | $141.94 Million | 26.03% | 1.10x | $451.19 Million |
| Angang Steel Co Ltd Class A (000898) | $10.13 Billion | 17.74% | 0.51x | $2.32 Billion |
| Hunan Valin Steel Co Ltd (000932) | $57.59 Billion | 11.08% | 1.08x | $3.46 Billion |
| Beijing Shougang Co Ltd (000959) | $5.09 Billion | 11.56% | 0.90x | $3.88 Billion |
About Tianjin You Fa Steel Pipe Group Stock Co Ltd
Tianjin You Fa Steel Pipe Group Stock Co., Ltd. engages in the research, development, production, and sale of steel pipes in China. The company offers steel pipes, including hot-dip galvanized, straight seam, plastic-lined and coated composite, galvanized seamless, spiral seam double-sided submerged arc welded, and square rectangular welded steel pipes; stainless steel pipes and fittings; hot-dip… Read more