Jiangsu Tianmu Lake Tourism Co Ltd (603136) - Net Assets
Based on the latest financial reports, Jiangsu Tianmu Lake Tourism Co Ltd (603136) has net assets worth CN¥1.51 Billion CNY (≈ $221.30 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¥1.69 Billion ≈ $247.07 Million USD) and total liabilities (CN¥176.11 Million ≈ $25.77 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. Also explore Jiangsu Tianmu Lake Tourism Co Ltd balance sheet assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.51 Billion |
| % of Total Assets | 89.57% |
| Annual Growth Rate | 15.71% |
| 5-Year Change | 18.54% |
| 10-Year Change | 314.12% |
| Growth Volatility | 32.7 |
Jiangsu Tianmu Lake Tourism Co Ltd - Net Assets Trend (2013–2025)
This chart illustrates how Jiangsu Tianmu Lake Tourism Co Ltd's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Jiangsu Tianmu Lake Tourism Co Ltd to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Jiangsu Tianmu Lake Tourism Co Ltd (2013–2025)
The table below shows the annual net assets of Jiangsu Tianmu Lake Tourism Co Ltd from 2013 to 2025. For live valuation and market cap data, see Jiangsu Tianmu Lake Tourism Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.50 Billion ≈ $220.11 Million |
+2.50% |
| 2024-12-31 | CN¥1.47 Billion ≈ $214.73 Million |
+1.31% |
| 2023-12-31 | CN¥1.45 Billion ≈ $211.94 Million |
+12.71% |
| 2022-12-31 | CN¥1.29 Billion ≈ $188.04 Million |
+1.27% |
| 2021-12-31 | CN¥1.27 Billion ≈ $185.69 Million |
+21.27% |
| 2020-12-31 | CN¥1.05 Billion ≈ $153.12 Million |
+5.58% |
| 2019-12-31 | CN¥991.07 Million ≈ $145.02 Million |
+10.24% |
| 2018-12-31 | CN¥898.98 Million ≈ $131.55 Million |
+10.11% |
| 2017-12-31 | CN¥816.44 Million ≈ $119.47 Million |
+124.78% |
| 2016-12-31 | CN¥363.22 Million ≈ $53.15 Million |
+17.23% |
| 2015-12-31 | CN¥309.83 Million ≈ $45.34 Million |
+18.49% |
| 2014-12-31 | CN¥261.48 Million ≈ $38.26 Million |
+0.09% |
| 2013-12-31 | CN¥261.25 Million ≈ $38.23 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Tianmu Lake 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 grown by 298.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥533.13 Million | 38.88% |
| Other Components | CN¥837.97 Million | 61.12% |
| Total Equity | CN¥1.37 Billion | 100.00% |
Jiangsu Tianmu Lake Tourism Co Ltd Competitors by Market Cap
The table below lists competitors of Jiangsu Tianmu Lake Tourism Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Qingdao Foods Co Ltd
SHE:001219
|
$351.80 Million |
|
Jack In The Box Inc
NASDAQ:JACK
|
$351.88 Million |
|
Fastighets AB Trianon (publ)
ST:TRIAN-B
|
$352.08 Million |
|
Boston Omaha Corp
NYSE:BOC
|
$352.09 Million |
|
Bell Financial Group Ltd
AU:BFG
|
$351.77 Million |
|
Selectirente
PA:SELER
|
$351.62 Million |
|
TECSYS Inc.
TO:TCS
|
$351.62 Million |
|
Zhejiang Ming Jewelry Co Ltd
SHE:002574
|
$351.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Tianmu Lake Tourism Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,339,312,288 to 1,371,095,270, a change of 31,782,982 (2.4%).
- Net income of 95,321,090 contributed positively to equity growth.
- Dividend payments of 65,872,847 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥95.32 Million | +6.95% |
| Dividends Paid | CN¥65.87 Million | -4.8% |
| Other Changes | CN¥2.33 Million | +0.17% |
| Total Change | CN¥- | 2.37% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Tianmu Lake 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: 1.75x
- 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 4.86x to 1.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥1.83 | CN¥8.90 | x |
| 2014-12-31 | CN¥1.24 | CN¥8.90 | x |
| 2015-12-31 | CN¥1.47 | CN¥8.90 | x |
| 2016-12-31 | CN¥1.70 | CN¥8.90 | x |
| 2017-12-31 | CN¥3.81 | CN¥8.90 | x |
| 2018-12-31 | CN¥3.39 | CN¥8.90 | x |
| 2019-12-31 | CN¥3.72 | CN¥8.90 | x |
| 2020-12-31 | CN¥3.95 | CN¥8.90 | x |
| 2021-12-31 | CN¥4.39 | CN¥8.90 | x |
| 2022-12-31 | CN¥4.44 | CN¥8.90 | x |
| 2023-12-31 | CN¥4.89 | CN¥8.90 | x |
| 2024-12-31 | CN¥4.99 | CN¥8.90 | x |
| 2025-12-31 | CN¥5.08 | CN¥8.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Tianmu Lake 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): 6.95%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.76%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.25x
- Recent ROE (6.95%) is below the historical average (11.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 13.24% | 9.67% | 0.31x | 4.49x | CN¥7.53 Million |
| 2014 | 25.12% | 13.93% | 0.38x | 4.72x | CN¥34.26 Million |
| 2015 | 20.15% | 12.78% | 0.43x | 3.69x | CN¥27.21 Million |
| 2016 | 22.17% | 16.43% | 0.44x | 3.09x | CN¥38.04 Million |
| 2017 | 11.20% | 18.34% | 0.42x | 1.47x | CN¥9.03 Million |
| 2018 | 12.50% | 21.09% | 0.43x | 1.37x | CN¥20.65 Million |
| 2019 | 13.70% | 24.59% | 0.41x | 1.37x | CN¥33.38 Million |
| 2020 | 5.77% | 14.67% | 0.23x | 1.69x | CN¥-40.31 Million |
| 2021 | 4.40% | 12.30% | 0.26x | 1.37x | CN¥-65.47 Million |
| 2022 | 1.71% | 5.51% | 0.23x | 1.33x | CN¥-98.46 Million |
| 2023 | 11.03% | 23.34% | 0.36x | 1.31x | CN¥13.75 Million |
| 2024 | 7.81% | 19.52% | 0.30x | 1.33x | CN¥-29.27 Million |
| 2025 | 6.95% | 18.76% | 0.30x | 1.25x | CN¥-41.79 Million |
Industry Comparison
This section compares Jiangsu Tianmu Lake Tourism Co Ltd's net assets metrics with peer companies in the Lodging industry.
Industry Context
- Industry: Lodging
- Average net assets among peers: $11,762,567,560
- Average return on equity (ROE) among peers: 5.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Tianmu Lake Tourism Co Ltd (603136) | CN¥1.51 Billion | 13.24% | 0.12x | $351.80 Million |
| ShenZhen Zero-Seven Co Ltd (000007) | $11.69 Million | 0.00% | 3.20x | $484.15 Million |
| Shenzhen Overseas Chinese Town Co Ltd (000069) | $110.15 Billion | 11.52% | 3.18x | $2.15 Billion |
| Huatian Hotel Group Co Ltd (000428) | $776.59 Million | 20.77% | 1.96x | $611.31 Million |
| Zhang Jia Jie Tourism Group Co Ltd (000430) | $498.41 Million | 12.14% | 0.37x | $778.38 Million |
| XiAn Tourism Co Ltd (000610) | $97.16 Million | 12.43% | 0.72x | $198.16 Million |
| Guilin Tourism Corp Ltd (000978) | $1.55 Billion | 0.69% | 0.79x | $416.49 Million |
| LiJiang YuLong Tourism Co Ltd (002033) | $2.52 Billion | 0.15% | 0.09x | $703.57 Million |
| Yunnan Tourism Co Ltd (002059) | $1.08 Billion | -30.40% | 1.72x | $666.68 Million |
| SSAW Hotels & Resorts Group Co.Ltd. (301073) | $285.10 Million | 12.30% | 0.58x | $511.61 Million |
| Huangshan Tourism Development Co Ltd A (600054) | $650.72 Million | 11.68% | 0.21x | $844.26 Million |
About Jiangsu Tianmu Lake Tourism Co Ltd
Jiangsu Tianmu Lake Tourism Co.,Ltd, together with its subsidiaries, engages in the tourism development and operation business in China. The company owns tourist attractions; and operates hotels and resorts. It is also involved in catering and accommodation; tourism and recuperation services; agriculture activities; hot spring bath business; cableway transportation; and provision of business trai… Read more