Zhejiang Tuna Environmental Science & Technology Co Ltd
Zhejiang Tuna Environmental Science & TechnologyCo.,Ltd. engages in the technology development and engineering application of the environmental protection industry in China and internationally. The company undertakes EPC projects, such as semi-dry and wet limestone-gypsum desulfurization, and NOx removal technology; offers FGD products, including TSP-I spray bank, TME mist eliminator, TLD single-… Read more
Zhejiang Tuna Environmental Science & Technology Co Ltd (603177) - Net Assets
Latest net assets as of September 2025: CN¥400.93 Million CNY
Based on the latest financial reports, Zhejiang Tuna Environmental Science & Technology Co Ltd (603177) has net assets worth CN¥400.93 Million 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¥1.57 Billion). 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¥400.93 Million |
| % of Total Assets | 20.37% |
| Annual Growth Rate | 16.6% |
| 5-Year Change | -2.31% |
| 10-Year Change | 29.1% |
| Growth Volatility | 42.99 |
Zhejiang Tuna Environmental Science & Technology Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Zhejiang Tuna Environmental Science & Technology Co 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 Zhejiang Tuna Environmental Science & Technology Co Ltd (2011–2024)
The table below shows the annual net assets of Zhejiang Tuna Environmental Science & Technology Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥403.27 Million | +0.81% |
| 2023-12-31 | CN¥400.03 Million | +6.27% |
| 2022-12-31 | CN¥376.43 Million | +13.09% |
| 2021-12-31 | CN¥332.86 Million | -19.37% |
| 2020-12-31 | CN¥412.80 Million | -23.13% |
| 2019-12-31 | CN¥537.05 Million | +1.59% |
| 2018-12-31 | CN¥528.64 Million | -1.37% |
| 2017-12-31 | CN¥535.96 Million | +46.39% |
| 2016-12-31 | CN¥366.12 Million | +17.21% |
| 2015-12-31 | CN¥312.36 Million | +12.22% |
| 2014-12-31 | CN¥278.35 Million | +33.24% |
| 2013-12-31 | CN¥208.92 Million | +151.72% |
| 2012-12-31 | CN¥83.00 Million | +51.55% |
| 2011-12-31 | CN¥54.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Tuna Environmental Science & Technology 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 decreased by 296.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥206.15 Million | 54.72% |
| Other Components | CN¥217.93 Million | 57.84% |
| Total Equity | CN¥376.75 Million | 100.00% |
Zhejiang Tuna Environmental Science & Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Tuna Environmental Science & Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BASSAC EO 1
F:78Y
|
$127.30 Million |
|
Zhejiang Lianxiang Smart Home
SHG:603272
|
$127.33 Million |
|
Eurocharm Holdings Co Ltd
TW:5288
|
$127.39 Million |
|
Mold-Tek Packaging Limited
NSE:MOLDTKPAC
|
$127.46 Million |
|
Vef AB
ST:VEFAB
|
$127.23 Million |
|
Hanison Construction Holdings Limited
MU:HNC
|
$127.18 Million |
|
eGain Corporation
NASDAQ:EGAN
|
$127.17 Million |
|
So-Young International Inc
NASDAQ:SY
|
$127.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Tuna Environmental Science & Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 368,932,441 to 376,750,111, a change of 7,817,670 (2.1%).
- Net income of 22,865,543 contributed positively to equity growth.
- Dividend payments of 31,372,327 reduced retained earnings.
- Other factors increased equity by 16,324,454.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥22.87 Million | +6.07% |
| Dividends Paid | CN¥31.37 Million | -8.33% |
| Other Changes | CN¥16.32 Million | +4.33% |
| Total Change | CN¥- | 2.12% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Tuna Environmental Science & Technology 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: 6.76x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 9.57x to 6.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥1.28 | CN¥12.25 | x |
| 2012-12-31 | CN¥1.94 | CN¥12.25 | x |
| 2013-12-31 | CN¥2.23 | CN¥12.25 | x |
| 2014-12-31 | CN¥2.26 | CN¥12.25 | x |
| 2015-12-31 | CN¥2.02 | CN¥12.25 | x |
| 2016-12-31 | CN¥2.38 | CN¥12.25 | x |
| 2017-12-31 | CN¥2.66 | CN¥12.25 | x |
| 2018-12-31 | CN¥2.47 | CN¥12.25 | x |
| 2019-12-31 | CN¥2.64 | CN¥12.25 | x |
| 2020-12-31 | CN¥2.04 | CN¥12.25 | x |
| 2021-12-31 | CN¥1.64 | CN¥12.25 | x |
| 2022-12-31 | CN¥1.85 | CN¥12.25 | x |
| 2023-12-31 | CN¥1.83 | CN¥12.25 | x |
| 2024-12-31 | CN¥1.81 | CN¥12.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Tuna Environmental Science & Technology 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): 6.07%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.49%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 4.87x
- Recent ROE (6.07%) is below the historical average (8.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 7.44% | 3.59% | 0.51x | 4.06x | CN¥-1.40 Million |
| 2012 | 34.01% | 12.26% | 0.60x | 4.59x | CN¥19.93 Million |
| 2013 | 70.44% | 19.72% | 1.17x | 3.05x | CN¥126.28 Million |
| 2014 | 28.81% | 12.58% | 0.85x | 2.70x | CN¥52.35 Million |
| 2015 | 10.89% | 5.90% | 0.65x | 2.85x | CN¥2.77 Million |
| 2016 | 14.68% | 6.96% | 0.71x | 2.99x | CN¥17.15 Million |
| 2017 | 7.14% | 4.79% | 0.69x | 2.17x | CN¥-15.34 Million |
| 2018 | 2.43% | 1.72% | 0.55x | 2.56x | CN¥-40.01 Million |
| 2019 | 0.75% | 0.51% | 0.57x | 2.55x | CN¥-49.43 Million |
| 2020 | -30.30% | -29.44% | 0.33x | 3.08x | CN¥-166.00 Million |
| 2021 | -24.89% | -13.42% | 0.45x | 4.15x | CN¥-115.81 Million |
| 2022 | 2.49% | 1.17% | 0.53x | 4.00x | CN¥-28.08 Million |
| 2023 | -13.13% | -6.08% | 0.44x | 4.92x | CN¥-85.32 Million |
| 2024 | 6.07% | 2.49% | 0.50x | 4.87x | CN¥-14.81 Million |
Industry Comparison
This section compares Zhejiang Tuna Environmental Science & Technology Co Ltd's net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $754,289,702
- Average return on equity (ROE) among peers: 13.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Tuna Environmental Science & Technology Co Ltd (603177) | CN¥400.93 Million | 7.44% | 3.91x | $127.29 Million |
| Central Plains Environment Protection Co Ltd (000544) | $588.07 Million | 12.54% | 0.70x | $260.94 Million |
| Shenwu Energy Saving Co Ltd (000820) | $401.85 Million | 22.49% | 3.36x | $223.08 Million |
| Jinglv Envi Science & Tech Co (001230) | $1.94 Billion | 7.24% | 0.63x | $176.40 Million |
| Hebei Sailhero Environmental (300137) | $83.77 Million | 28.22% | 1.13x | $761.30 Million |
| Xiongan Kerong Environment Technology Co Ltd (300152) | $112.38 Million | 16.52% | 0.62x | $217.21 Million |
| Nanjing CEC Environmental Protect (300172) | $829.27 Million | 6.91% | 0.27x | $357.35 Million |
| Shanghai Canature Environmental (300272) | $124.35 Million | 9.83% | 0.11x | $447.56 Million |
| Suzhou TA&A Ultra Clean Technology Co Ltd (300390) | $844.27 Million | 3.78% | 0.22x | $3.82 Billion |
| Scimee Sci &Tech Co Ltd (300425) | $321.78 Million | 16.64% | 0.35x | $280.96 Million |
| Penyao Environmental Protection Co Ltd Class A (300664) | $2.29 Billion | 9.56% | 0.71x | $410.58 Million |