Zhejiang Tuna Environmental Science & Technology Co Ltd (603177) - Net Assets
Based on the latest financial reports, Zhejiang Tuna Environmental Science & Technology Co Ltd (603177) has net assets worth CN¥367.73 Million CNY (≈ $53.81 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¥1.88 Billion ≈ $275.70 Million USD) and total liabilities (CN¥1.52 Billion ≈ $221.89 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 603177 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥367.73 Million |
| % of Total Assets | 19.52% |
| Annual Growth Rate | 14.9% |
| 5-Year Change | 15.1% |
| 10-Year Change | 4.64% |
| Growth Volatility | 42.02 |
Zhejiang Tuna Environmental Science & Technology Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Zhejiang Tuna Environmental Science & Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Zhejiang Tuna Environmental Science & Te to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Zhejiang Tuna Environmental Science & Technology Co Ltd (2011–2025)
The table below shows the annual net assets of Zhejiang Tuna Environmental Science & Technology Co Ltd from 2011 to 2025. For live valuation and market cap data, see market cap of Zhejiang Tuna Environmental Science & Te.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥383.11 Million ≈ $56.06 Million |
-5.00% |
| 2024-12-31 | CN¥403.27 Million ≈ $59.01 Million |
+0.81% |
| 2023-12-31 | CN¥400.03 Million ≈ $58.54 Million |
+6.27% |
| 2022-12-31 | CN¥376.43 Million ≈ $55.08 Million |
+13.09% |
| 2021-12-31 | CN¥332.86 Million ≈ $48.71 Million |
-19.37% |
| 2020-12-31 | CN¥412.80 Million ≈ $60.41 Million |
-23.13% |
| 2019-12-31 | CN¥537.05 Million ≈ $78.59 Million |
+1.59% |
| 2018-12-31 | CN¥528.64 Million ≈ $77.36 Million |
-1.37% |
| 2017-12-31 | CN¥535.96 Million ≈ $78.43 Million |
+46.39% |
| 2016-12-31 | CN¥366.12 Million ≈ $53.57 Million |
+17.21% |
| 2015-12-31 | CN¥312.36 Million ≈ $45.71 Million |
+12.22% |
| 2014-12-31 | CN¥278.35 Million ≈ $40.73 Million |
+33.24% |
| 2013-12-31 | CN¥208.92 Million ≈ $30.57 Million |
+151.72% |
| 2012-12-31 | CN¥83.00 Million ≈ $12.15 Million |
+51.55% |
| 2011-12-31 | CN¥54.77 Million ≈ $8.01 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 456.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥422.47 Million | 125.61% |
| Total Equity | CN¥336.34 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 |
|---|---|
|
Jindal Poly Films Limited
NSE:JINDALPOLY
|
$325.27 Million |
|
Jiangsu Xinri E-Vehicle Co Ltd
SHG:603787
|
$325.32 Million |
|
Yangzhou Chenhua New Material Co Ltd
SHE:300610
|
$325.34 Million |
|
Gansu Longshenrongfa Pharmaceutical Industry Co Ltd
SHE:300534
|
$325.37 Million |
|
A-LIVING SM.CI.SV. H YC 1
F:1V0
|
$325.05 Million |
|
S.P.I Landscape Design Co. Ltd.
SHE:300844
|
$325.03 Million |
|
Planet Technology
TWO:6263
|
$324.91 Million |
|
J&V Energy Tech Co Ltd
TW:6869
|
$324.76 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 2024 to 2025, total equity changed from 376,750,111 to 336,344,899, a change of -40,405,212 (-10.7%).
- Net loss of 30,430,405 reduced equity.
- Dividend payments of 35,262,701 reduced retained earnings.
- Other factors increased equity by 25,287,894.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-30.43 Million | -9.05% |
| Dividends Paid | CN¥35.26 Million | -10.48% |
| Other Changes | CN¥25.29 Million | +7.52% |
| Total Change | CN¥- | -10.72% |
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: 6.61x
- 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 8.50x to 6.61x 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¥10.88 | x |
| 2012-12-31 | CN¥1.94 | CN¥10.88 | x |
| 2013-12-31 | CN¥2.23 | CN¥10.88 | x |
| 2014-12-31 | CN¥2.24 | CN¥10.88 | x |
| 2015-12-31 | CN¥2.02 | CN¥10.88 | x |
| 2016-12-31 | CN¥2.38 | CN¥10.88 | x |
| 2017-12-31 | CN¥2.66 | CN¥10.88 | x |
| 2018-12-31 | CN¥2.47 | CN¥10.88 | x |
| 2019-12-31 | CN¥2.57 | CN¥10.88 | x |
| 2020-12-31 | CN¥2.05 | CN¥10.88 | x |
| 2021-12-31 | CN¥1.64 | CN¥10.88 | x |
| 2022-12-31 | CN¥2.01 | CN¥10.88 | x |
| 2023-12-31 | CN¥1.83 | CN¥10.88 | x |
| 2024-12-31 | CN¥1.81 | CN¥10.88 | x |
| 2025-12-31 | CN¥1.65 | CN¥10.88 | 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): -9.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.83%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 5.95x
- Recent ROE (-9.05%) is below the historical average (7.29%), 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 | 1.17% | 0.80% | 0.57x | 2.55x | CN¥-47.18 Million |
| 2020 | -29.69% | -28.84% | 0.33x | 3.08x | CN¥-163.48 Million |
| 2021 | -24.35% | -13.01% | 0.45x | 4.15x | CN¥-114.00 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 |
| 2025 | -9.05% | -2.83% | 0.54x | 5.95x | CN¥-64.06 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: $2,133,067,054
- Average return on equity (ROE) among peers: 2.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Tuna Environmental Science & Technology Co Ltd (603177) | CN¥367.73 Million | 7.44% | 4.12x | $325.09 Million |
| Central Plains Environment Protection Co Ltd (000544) | $304.38 Million | -26.23% | 3.22x | $1.06 Billion |
| Shenwu Energy Saving Co Ltd (000820) | $-677.37 Million | 0.00% | 0.00x | $284.78 Million |
| Hebei Sailhero Environmental (300137) | $907.91 Million | 5.12% | 0.10x | $1.38 Billion |
| Xiongan Kerong Environment Technology Co Ltd (300152) | $321.40 Million | -22.81% | 1.44x | $177.32 Million |
| Nanjing CEC Environmental Protect (300172) | $139.03 Million | 22.57% | 1.26x | $438.68 Million |
| Shanghai Canature Environmental (300272) | $481.86 Million | 10.34% | 0.27x | $521.65 Million |
| Suzhou TA&A Ultra Clean Technology Co Ltd (300390) | $14.55 Billion | 11.40% | 0.30x | $10.82 Billion |
| Scimee Sci &Tech Co Ltd (300425) | $2.01 Billion | 8.44% | 0.75x | $393.33 Million |
| Penyao Environmental Protection Co Ltd Class A (300664) | $2.29 Billion | 9.56% | 0.71x | $499.09 Million |
| ShenZhen GAD Environmental Technology Co. Ltd. (300854) | $1.00 Billion | 2.04% | 0.74x | $377.79 Million |
About 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