Tianyang Hot Mel
Tianyang New Materials (Shanghai) Technology Co., Ltd. engages in the research and development, manufacture, and sale of thermoplastic and reactive adhesive materials in China and internationally. The company offers thermoplastic hot melt adhesives, including copolyamide, copolyester, modified PA material, web adhesives, and film adhesives; and reactive adhesives comprising PUR adhesives, photovo… Read more
Tianyang Hot Mel (603330) - Net Assets
Latest net assets as of June 2025: CN¥1.54 Billion CNY
Based on the latest financial reports, Tianyang Hot Mel (603330) has net assets worth CN¥1.54 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.42 Billion) and total liabilities (CN¥872.42 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¥1.54 Billion |
| % of Total Assets | 63.89% |
| Annual Growth Rate | 19.27% |
| 5-Year Change | 117.06% |
| 10-Year Change | 402.48% |
| Growth Volatility | 27.86 |
Tianyang Hot Mel - Net Assets Trend (2011–2024)
This chart illustrates how Tianyang Hot Mel's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tianyang Hot Mel (2011–2024)
The table below shows the annual net assets of Tianyang Hot Mel from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.55 Billion | -14.11% |
| 2023-12-31 | CN¥1.81 Billion | +76.40% |
| 2022-12-31 | CN¥1.02 Billion | -9.85% |
| 2021-12-31 | CN¥1.14 Billion | +58.91% |
| 2020-12-31 | CN¥715.18 Million | +16.20% |
| 2019-12-31 | CN¥615.48 Million | -3.75% |
| 2018-12-31 | CN¥639.44 Million | +3.52% |
| 2017-12-31 | CN¥617.71 Million | +70.37% |
| 2016-12-31 | CN¥362.58 Million | +17.36% |
| 2015-12-31 | CN¥308.94 Million | +19.45% |
| 2014-12-31 | CN¥258.65 Million | +17.56% |
| 2013-12-31 | CN¥220.02 Million | +17.61% |
| 2012-12-31 | CN¥187.07 Million | +19.09% |
| 2011-12-31 | CN¥157.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tianyang Hot Mel'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 309.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.70 Billion | 110.33% |
| Total Equity | CN¥1.54 Billion | 100.00% |
Tianyang Hot Mel Competitors by Market Cap
The table below lists competitors of Tianyang Hot Mel ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Qudian Inc
NYSE:QD
|
$267.92 Million |
|
Enanta Pharmaceuticals Inc
NASDAQ:ENTA
|
$268.04 Million |
|
Ningbo Ocean Shipping Co. Ltd. A
SHG:601022
|
$268.04 Million |
|
Synektik S.A.
WAR:SNT
|
$268.09 Million |
|
GuangDong Leary New Material Technology Co. Ltd. A
SHG:688683
|
$267.87 Million |
|
Electrosteel Castings Limited
NSE:ELECTCAST
|
$267.80 Million |
|
Binggrae
KO:005180
|
$267.76 Million |
|
Blockchain Group SA
PA:ALTBG
|
$267.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tianyang Hot Mel's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,795,820,505 to 1,537,098,950, a change of -258,721,554 (-14.4%).
- Net loss of 212,655,121 reduced equity.
- Dividend payments of 50,091,109 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-212.66 Million | -13.83% |
| Dividends Paid | CN¥50.09 Million | -3.26% |
| Other Changes | CN¥4.02 Million | +0.26% |
| Total Change | CN¥- | -14.41% |
Book Value vs Market Value Analysis
This analysis compares Tianyang Hot Mel'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: 2.07x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.86x to 2.07x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥3.96 | CN¥7.36 | x |
| 2018-12-31 | CN¥4.09 | CN¥7.36 | x |
| 2019-12-31 | CN¥3.99 | CN¥7.36 | x |
| 2020-12-31 | CN¥4.28 | CN¥7.36 | x |
| 2021-12-31 | CN¥4.52 | CN¥7.36 | x |
| 2022-12-31 | CN¥2.90 | CN¥7.36 | x |
| 2023-12-31 | CN¥4.15 | CN¥7.36 | x |
| 2024-12-31 | CN¥3.55 | CN¥7.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tianyang Hot Mel 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): -13.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16.13%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.73x
- Recent ROE (-13.83%) is below the historical average (2.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 14.78% | 13.59% | 0.83x | 1.31x | CN¥17.34 Million |
| 2017 | 5.01% | 6.67% | 0.55x | 1.36x | CN¥-30.21 Million |
| 2018 | 5.62% | 6.27% | 0.57x | 1.56x | CN¥-27.39 Million |
| 2019 | 2.79% | 2.58% | 0.61x | 1.76x | CN¥-43.94 Million |
| 2020 | 7.92% | 7.41% | 0.49x | 2.16x | CN¥-13.60 Million |
| 2021 | 10.26% | 10.32% | 0.60x | 1.65x | CN¥2.75 Million |
| 2022 | -5.87% | -3.97% | 0.62x | 2.38x | CN¥-152.96 Million |
| 2023 | -5.25% | -7.11% | 0.46x | 1.60x | CN¥-273.79 Million |
| 2024 | -13.83% | -16.13% | 0.50x | 1.73x | CN¥-366.37 Million |
Industry Comparison
This section compares Tianyang Hot Mel's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,775,158,628
- Average return on equity (ROE) among peers: -19.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tianyang Hot Mel (603330) | CN¥1.54 Billion | 14.78% | 0.57x | $267.91 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $390.80 Million | 1.64% | 0.47x | $289.82 Million |
| Hengyi Petrochemical Co Ltd (000703) | $246.42 Million | -7.64% | 1.62x | $1.44 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $472.56 Million | 10.49% | 1.13x | $361.89 Million |
| Luxi Chemical Group Co Ltd (000830) | $120.60 Million | 41.32% | 1.30x | $2.28 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $234.51 Million | -303.65% | 8.65x | $5.40 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $2.70 Billion | 10.47% | 0.21x | $884.45 Million |
| Cofco Biochemical Anhui Co Ltd (000930) | $11.76 Billion | 9.61% | 0.54x | $815.97 Million |
| Shandong Link Science and Technology Co Ltd (001207) | $441.43 Million | 14.99% | 1.14x | $330.19 Million |
| Zhejiang Bofay Elec Co Ltd (001255) | $742.80 Million | 1.78% | 0.61x | $169.49 Million |
| Guangdong Decro Film New (001378) | $647.89 Million | 29.53% | 0.22x | $241.78 Million |