Thinkingdom Media Group Ltd
Thinkingdom Media Group Ltd. engages in the planning, publication, and authorization of digital content products in China. It offers foreign literature, Chinese literature, non-fiction works, and children's books. The company is also involved in the film and television production; marketing; copyrights related business, such as book-to-film adaptation projects; production and promotion of audiobo… Read more
Thinkingdom Media Group Ltd (603096) - Net Assets
Latest net assets as of September 2025: CN¥1.88 Billion CNY
Based on the latest financial reports, Thinkingdom Media Group Ltd (603096) has net assets worth CN¥1.88 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.97 Billion) and total liabilities (CN¥92.86 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.88 Billion |
| % of Total Assets | 95.29% |
| Annual Growth Rate | 16.42% |
| 5-Year Change | -6.97% |
| 10-Year Change | 224.69% |
| Growth Volatility | 32.73 |
Thinkingdom Media Group Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Thinkingdom Media Group Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Thinkingdom Media Group Ltd (2012–2024)
The table below shows the annual net assets of Thinkingdom Media Group Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.94 Billion | -4.50% |
| 2023-12-31 | CN¥2.03 Billion | +1.41% |
| 2022-12-31 | CN¥2.00 Billion | +2.52% |
| 2021-12-31 | CN¥1.95 Billion | -6.30% |
| 2020-12-31 | CN¥2.08 Billion | +7.39% |
| 2019-12-31 | CN¥1.94 Billion | +8.81% |
| 2018-12-31 | CN¥1.78 Billion | +14.28% |
| 2017-12-31 | CN¥1.56 Billion | +122.53% |
| 2016-12-31 | CN¥700.13 Million | +17.44% |
| 2015-12-31 | CN¥596.14 Million | +23.90% |
| 2014-12-31 | CN¥481.15 Million | +27.53% |
| 2013-12-31 | CN¥377.28 Million | +20.89% |
| 2012-12-31 | CN¥312.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thinkingdom Media Group 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 1080.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥937.97 Million | 48.97% |
| Common Stock | CN¥154.23 Million | 8.05% |
| Other Components | CN¥823.31 Million | 42.98% |
| Total Equity | CN¥1.92 Billion | 100.00% |
Thinkingdom Media Group Ltd Competitors by Market Cap
The table below lists competitors of Thinkingdom Media Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tonghua Grape Wine Co Ltd
SHG:600365
|
$154.07 Million |
|
Super-Dragon Engineering Plastics Co. Ltd
SHE:301131
|
$154.12 Million |
|
VRG SA
WAR:VRG
|
$154.13 Million |
|
United Malacca Bhd
KLSE:2593
|
$154.13 Million |
|
Joy Kie Corporation Limited.
SHE:300994
|
$154.02 Million |
|
InfuSystems Holdings Inc
NYSE MKT:INFU
|
$154.01 Million |
|
JS GL LIFESTYLE DL-00001
F:3JS
|
$154.00 Million |
|
Is Girisim Sermayesi Yatirim Ortakligi AS
IS:ISGSY
|
$153.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thinkingdom Media Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,999,227,759 to 1,915,510,729, a change of -83,717,030 (-4.2%).
- Net income of 126,611,067 contributed positively to equity growth.
- Dividend payments of 138,811,162 reduced retained earnings.
- Share repurchases of 72,308,100 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥126.61 Million | +6.61% |
| Dividends Paid | CN¥138.81 Million | -7.25% |
| Share Repurchases | CN¥72.31 Million | -3.77% |
| Other Changes | CN¥791.16K | +0.04% |
| Total Change | CN¥- | -4.19% |
Book Value vs Market Value Analysis
This analysis compares Thinkingdom Media Group 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: 1.50x
- 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 7.41x to 1.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥2.51 | CN¥18.60 | x |
| 2013-12-31 | CN¥2.94 | CN¥18.60 | x |
| 2014-12-31 | CN¥3.71 | CN¥18.60 | x |
| 2015-12-31 | CN¥4.52 | CN¥18.60 | x |
| 2016-12-31 | CN¥5.54 | CN¥18.60 | x |
| 2017-12-31 | CN¥10.34 | CN¥18.60 | x |
| 2018-12-31 | CN¥10.69 | CN¥18.60 | x |
| 2019-12-31 | CN¥11.72 | CN¥18.60 | x |
| 2020-12-31 | CN¥12.44 | CN¥18.60 | x |
| 2021-12-31 | CN¥12.13 | CN¥18.60 | x |
| 2022-12-31 | CN¥12.44 | CN¥18.60 | x |
| 2023-12-31 | CN¥12.30 | CN¥18.60 | x |
| 2024-12-31 | CN¥12.42 | CN¥18.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thinkingdom Media Group 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): 6.61%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.43%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.07x
- Recent ROE (6.61%) is below the historical average (14.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 16.00% | 18.26% | 0.65x | 1.35x | CN¥18.01 Million |
| 2013 | 17.20% | 13.41% | 0.96x | 1.33x | CN¥25.30 Million |
| 2014 | 22.02% | 12.73% | 1.35x | 1.28x | CN¥53.32 Million |
| 2015 | 23.98% | 14.76% | 1.24x | 1.31x | CN¥75.87 Million |
| 2016 | 22.85% | 17.81% | 1.04x | 1.24x | CN¥85.42 Million |
| 2017 | 15.24% | 24.61% | 0.53x | 1.17x | CN¥79.86 Million |
| 2018 | 13.80% | 26.00% | 0.47x | 1.14x | CN¥66.36 Million |
| 2019 | 12.59% | 25.97% | 0.44x | 1.10x | CN¥49.43 Million |
| 2020 | 10.72% | 25.08% | 0.39x | 1.09x | CN¥14.79 Million |
| 2021 | 6.80% | 14.18% | 0.42x | 1.14x | CN¥-61.51 Million |
| 2022 | 6.97% | 14.65% | 0.43x | 1.12x | CN¥-59.77 Million |
| 2023 | 8.00% | 17.77% | 0.41x | 1.09x | CN¥-39.92 Million |
| 2024 | 6.61% | 15.43% | 0.40x | 1.07x | CN¥-64.94 Million |
Industry Comparison
This section compares Thinkingdom Media Group Ltd's net assets metrics with peer companies in the Publishing industry.
Industry Context
- Industry: Publishing
- Average net assets among peers: $1,256,922,973
- Average return on equity (ROE) among peers: 9.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thinkingdom Media Group Ltd (603096) | CN¥1.88 Billion | 16.00% | 0.05x | $154.05 Million |
| Huamei Holding (000607) | $473.81 Million | 12.41% | 1.07x | $261.10 Million |
| Central China Land Media Co Ltd (000719) | $281.54 Million | 6.37% | 1.86x | $517.78 Million |
| Guangdong Guangzhou Daily Media Co Ltd (002181) | $3.61 Billion | -1.50% | 0.21x | $546.22 Million |
| Tangel Publishing (300148) | $97.11 Million | 20.83% | 0.22x | $453.23 Million |
| Citic Press Corp (300788) | $334.80 Million | 30.18% | 1.35x | $227.12 Million |
| Dook Media Group Limited (301025) | $609.67 Million | -0.54% | 0.20x | $157.08 Million |
| GUOMAI Culture & Media Co. Ltd. (301052) | $554.07 Million | 10.24% | 0.24x | $312.18 Million |
| Ronshin Group A (301231) | $912.58 Million | 1.09% | 0.05x | $248.06 Million |
| Qingdao Citymedia Co Ltd (600229) | $864.83 Million | 7.49% | 0.78x | $207.35 Million |
| Time Publishing and Media Co Ltd Class A (600551) | $4.84 Billion | 6.21% | 0.39x | $251.53 Million |