Thinkingdom Media Group Ltd (603096) - Net Assets
Based on the latest financial reports, Thinkingdom Media Group Ltd (603096) has net assets worth CN¥1.88 Billion CNY (≈ $274.74 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¥1.97 Billion ≈ $288.33 Million USD) and total liabilities (CN¥92.86 Million ≈ $13.59 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 Thinkingdom Media Group Ltd (603096) asset resilience to evaluate the company's liquid asset resilience ratio.
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. Also explore how large is Thinkingdom Media Group Ltd's balance sheet for the complete picture of this company's asset base.
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. For live valuation and market cap data, see market cap of Thinkingdom Media Group Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.94 Billion ≈ $283.24 Million |
-4.50% |
| 2023-12-31 | CN¥2.03 Billion ≈ $296.57 Million |
+1.41% |
| 2022-12-31 | CN¥2.00 Billion ≈ $292.45 Million |
+2.52% |
| 2021-12-31 | CN¥1.95 Billion ≈ $285.27 Million |
-6.30% |
| 2020-12-31 | CN¥2.08 Billion ≈ $304.45 Million |
+7.39% |
| 2019-12-31 | CN¥1.94 Billion ≈ $283.51 Million |
+8.81% |
| 2018-12-31 | CN¥1.78 Billion ≈ $260.55 Million |
+14.28% |
| 2017-12-31 | CN¥1.56 Billion ≈ $227.99 Million |
+122.53% |
| 2016-12-31 | CN¥700.13 Million ≈ $102.45 Million |
+17.44% |
| 2015-12-31 | CN¥596.14 Million ≈ $87.23 Million |
+23.90% |
| 2014-12-31 | CN¥481.15 Million ≈ $70.41 Million |
+27.53% |
| 2013-12-31 | CN¥377.28 Million ≈ $55.21 Million |
+20.89% |
| 2012-12-31 | CN¥312.08 Million ≈ $45.67 Million |
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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 |
|---|---|
|
Ginwa Enterprise Group Inc
SHG:600080
|
$416.21 Million |
|
Zhuhai Kles Technology Co. Ltd. A
SHE:301314
|
$416.37 Million |
|
AMAROQ MINERALS LTD
F:72Q
|
$416.52 Million |
|
Zhejiang Baida Precision Mnfg
SHG:603331
|
$416.55 Million |
|
Uzin Utz AG
XETRA:UZU
|
$416.16 Million |
|
Greaves Cotton Limited
NSE:GREAVESCOT
|
$416.04 Million |
|
Norske Skog Asa
OL:NSKOG
|
$416.02 Million |
|
Nanjing Shenghang Shipping Co Ltd
SHE:001205
|
$415.96 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: 1.48x
- 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 7.35x to 1.48x 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¥18.44 | x |
| 2013-12-31 | CN¥2.94 | CN¥18.44 | x |
| 2014-12-31 | CN¥3.71 | CN¥18.44 | x |
| 2015-12-31 | CN¥4.52 | CN¥18.44 | x |
| 2016-12-31 | CN¥5.54 | CN¥18.44 | x |
| 2017-12-31 | CN¥10.34 | CN¥18.44 | x |
| 2018-12-31 | CN¥10.69 | CN¥18.44 | x |
| 2019-12-31 | CN¥11.72 | CN¥18.44 | x |
| 2020-12-31 | CN¥12.44 | CN¥18.44 | x |
| 2021-12-31 | CN¥12.13 | CN¥18.44 | x |
| 2022-12-31 | CN¥12.44 | CN¥18.44 | x |
| 2023-12-31 | CN¥12.30 | CN¥18.44 | x |
| 2024-12-31 | CN¥12.42 | CN¥18.44 | 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: $1,644,330,794
- Average return on equity (ROE) among peers: 4.14%
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 | $416.18 Million |
| Huamei Holding (000607) | $872.59 Million | -22.82% | 2.51x | $616.53 Million |
| Central China Land Media Co Ltd (000719) | $7.76 Billion | 9.51% | 0.49x | $2.01 Billion |
| Guangdong Guangzhou Daily Media Co Ltd (002181) | $3.97 Billion | 1.37% | 0.11x | $2.80 Billion |
| Tangel Publishing (300148) | $533.63 Million | 3.56% | 0.13x | $513.03 Million |
| Citic Press Corp (300788) | $745.32 Million | 24.33% | 0.91x | $990.02 Million |
| Dook Media Group Limited (301025) | $609.67 Million | -0.54% | 0.20x | $659.00 Million |
| GUOMAI Culture & Media Co. Ltd. (301052) | $391.09 Million | 10.46% | 0.30x | $466.86 Million |
| Ronshin Group A (301231) | $428.68 Million | 9.48% | 0.25x | $370.51 Million |
| Qingdao Citymedia Co Ltd (600229) | $873.31 Million | 3.50% | 1.17x | $611.03 Million |
| Chinese Universe Publishing And Media Co Ltd (600373) | $257.88 Million | 2.57% | 1.20x | $1.64 Billion |
About 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