Zhejiang Tiantai Xianghe Industrial Co Ltd (603500) - Net Assets
Based on the latest financial reports, Zhejiang Tiantai Xianghe Industrial Co Ltd (603500) has net assets worth CN¥1.06 Billion CNY (≈ $155.19 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¥1.52 Billion ≈ $222.81 Million USD) and total liabilities (CN¥462.08 Million ≈ $67.62 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 Zhejiang Tiantai Xianghe Industrial Co L liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.06 Billion |
| % of Total Assets | 69.65% |
| Annual Growth Rate | 17.52% |
| 5-Year Change | 20.51% |
| 10-Year Change | 252.32% |
| Growth Volatility | 32.82 |
Zhejiang Tiantai Xianghe Industrial Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Zhejiang Tiantai Xianghe Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 603500 total assets for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Tiantai Xianghe Industrial Co Ltd (2013–2024)
The table below shows the annual net assets of Zhejiang Tiantai Xianghe Industrial Co Ltd from 2013 to 2024. For live valuation and market cap data, see Zhejiang Tiantai Xianghe Industrial Co L (603500) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.03 Billion ≈ $150.52 Million |
+3.26% |
| 2023-12-31 | CN¥996.14 Million ≈ $145.77 Million |
+6.01% |
| 2022-12-31 | CN¥939.69 Million ≈ $137.51 Million |
+4.72% |
| 2021-12-31 | CN¥897.31 Million ≈ $131.30 Million |
+5.12% |
| 2020-12-31 | CN¥853.60 Million ≈ $124.91 Million |
-4.71% |
| 2019-12-31 | CN¥895.83 Million ≈ $131.09 Million |
+6.32% |
| 2018-12-31 | CN¥842.60 Million ≈ $123.30 Million |
+7.28% |
| 2017-12-31 | CN¥785.43 Million ≈ $114.93 Million |
+117.52% |
| 2016-12-31 | CN¥361.09 Million ≈ $52.84 Million |
+23.68% |
| 2015-12-31 | CN¥291.96 Million ≈ $42.72 Million |
+40.95% |
| 2014-12-31 | CN¥207.14 Million ≈ $30.31 Million |
+18.89% |
| 2013-12-31 | CN¥174.23 Million ≈ $25.50 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Tiantai Xianghe Industrial 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 295.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥348.42 Million | 35.38% |
| Common Stock | CN¥343.75 Million | 34.90% |
| Other Components | CN¥292.72 Million | 29.72% |
| Total Equity | CN¥984.88 Million | 100.00% |
Zhejiang Tiantai Xianghe Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Tiantai Xianghe Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Huiyun Titanium Industry
SHE:300891
|
$510.41 Million |
|
Jilin Jinguan Electric Co Ltd Class A
SHE:300510
|
$510.47 Million |
|
KOSES Co.Ltd
KQ:089890
|
$510.49 Million |
|
Hubei Fuxing Science and Technology Co Ltd
SHE:000926
|
$510.49 Million |
|
Kearny Financial Corp
NASDAQ:KRNY
|
$510.29 Million |
|
CoinShares International Ltd
ST:CS
|
$509.93 Million |
|
Geron Co Ltd
SHE:002722
|
$509.90 Million |
|
Shandong Lipeng Co Ltd
SHE:002374
|
$509.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Tiantai Xianghe Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 958,424,324 to 984,884,463, a change of 26,460,139 (2.8%).
- Net income of 75,390,774 contributed positively to equity growth.
- Dividend payments of 34,686,329 reduced retained earnings.
- Share repurchases of 24,353,774 reduced equity.
- Other factors increased equity by 10,109,468.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥75.39 Million | +7.65% |
| Dividends Paid | CN¥34.69 Million | -3.52% |
| Share Repurchases | CN¥24.35 Million | -2.47% |
| Other Changes | CN¥10.11 Million | +1.03% |
| Total Change | CN¥- | 2.76% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Tiantai Xianghe Industrial 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: 3.65x
- 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 10.63x to 3.65x 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¥0.99 | CN¥10.48 | x |
| 2014-12-31 | CN¥1.17 | CN¥10.48 | x |
| 2015-12-31 | CN¥1.65 | CN¥10.48 | x |
| 2016-12-31 | CN¥1.94 | CN¥10.48 | x |
| 2017-12-31 | CN¥3.89 | CN¥10.48 | x |
| 2018-12-31 | CN¥3.43 | CN¥10.48 | x |
| 2019-12-31 | CN¥3.63 | CN¥10.48 | x |
| 2020-12-31 | CN¥3.51 | CN¥10.48 | x |
| 2021-12-31 | CN¥3.63 | CN¥10.48 | x |
| 2022-12-31 | CN¥3.77 | CN¥10.48 | x |
| 2023-12-31 | CN¥4.06 | CN¥10.48 | x |
| 2024-12-31 | CN¥2.87 | CN¥10.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Tiantai Xianghe Industrial 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): 7.65%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.29%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.51x
- Recent ROE (7.65%) is below the historical average (13.43%), 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 | 20.86% | 20.16% | 0.60x | 1.72x | CN¥18.92 Million |
| 2014 | 23.85% | 21.87% | 0.62x | 1.76x | CN¥28.70 Million |
| 2015 | 30.58% | 28.34% | 0.62x | 1.74x | CN¥60.09 Million |
| 2016 | 20.53% | 28.25% | 0.54x | 1.34x | CN¥38.01 Million |
| 2017 | 9.92% | 26.00% | 0.35x | 1.10x | CN¥-621.31K |
| 2018 | 9.78% | 24.23% | 0.37x | 1.09x | CN¥-1.89 Million |
| 2019 | 9.90% | 26.43% | 0.35x | 1.07x | CN¥-907.56K |
| 2020 | 6.66% | 20.70% | 0.28x | 1.13x | CN¥-28.38 Million |
| 2021 | 7.16% | 12.85% | 0.45x | 1.24x | CN¥-24.84 Million |
| 2022 | 7.30% | 10.96% | 0.53x | 1.27x | CN¥-24.61 Million |
| 2023 | 7.00% | 10.47% | 0.52x | 1.28x | CN¥-28.79 Million |
| 2024 | 7.65% | 11.29% | 0.45x | 1.51x | CN¥-23.10 Million |
Industry Comparison
This section compares Zhejiang Tiantai Xianghe Industrial Co Ltd's net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $1,003,942,129
- Average return on equity (ROE) among peers: 8.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Tiantai Xianghe Industrial Co Ltd (603500) | CN¥1.06 Billion | 20.86% | 0.44x | $510.35 Million |
| China High-Speed Railway Technology (000008) | $161.88 Million | 4.69% | 0.58x | $1.07 Billion |
| Nanjing Zhongbei Group Co Ltd (000421) | $264.23 Million | 15.10% | 0.57x | $532.91 Million |
| Ningxia Western Venture Industrial Co Ltd (000557) | $-828.52 Million | 0.00% | 0.00x | $1.00 Billion |
| Vontron Technology Co Ltd (000920) | $583.83 Million | 12.70% | 0.57x | $813.31 Million |
| China Railway Materials Co Ltd (000927) | $3.32 Billion | 3.02% | 1.22x | $2.49 Billion |
| HeNan Splendor Science & Technology Co Ltd (002296) | $1.82 Billion | 5.72% | 0.35x | $669.27 Million |
| Sichuan Fulin Transportation Group Co Ltd (002357) | $1.39 Billion | 4.99% | 0.88x | $540.85 Million |
| Tianjin Keyvia Electric Co Ltd (300407) | $1.81 Billion | 5.18% | 0.77x | $628.95 Million |
| Chengdu Yunda Technology Co Ltd (300440) | $1.38 Billion | 2.95% | 0.85x | $1.20 Billion |
| Zhejiang Tiantie Industry Co Ltd (300587) | $140.60 Million | 27.43% | 1.57x | $1.22 Billion |
About Zhejiang Tiantai Xianghe Industrial Co Ltd
Zhejiang Tiantai Xianghe Industrial Co.,Ltd., together with its subsidiaries, engages in the research, development, production, and sale of railway track fasteners, electronic components and accessories, and polymer modified materials in China and internationally. The company offers rubber sealing plugs for aluminum electrolytic capacitors, terminal (horn) capacitor covers, bases for surface moun… Read more