Zhejiang Tiantai Xianghe Industrial Co Ltd Net Assets
Zhejiang Tiantai Xianghe Industrial Co Ltd net assets. Based on the latest financial reports, Zhejiang Tiantai Xianghe Industrial Co Ltd (603500) has net assets worth CN¥1.11 Billion CNY (≈ $162.84 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.99 Billion ≈ $290.58 Million USD) and total liabilities (CN¥872.97 Million ≈ $127.74 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 603500 net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.11 Billion |
| % of Total Assets | 56.04% |
| Annual Growth Rate | 16.47% |
| 5-Year Change | 20.96% |
| 10-Year Change | 200.59% |
| Growth Volatility | 31.7 |
Net Assets of Zhejiang Tiantai Xianghe Industrial Co Ltd (2013–2025)
Net assets of Zhejiang Tiantai Xianghe Industrial Co Ltd from 2013 to 2025. This chart illustrates how Zhejiang Tiantai Xianghe Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. See Zhejiang Tiantai Xianghe Industrial Co L (603500) net asset quality to measure how much of total assets are equity-financed.
Annual Net Assets for Zhejiang Tiantai Xianghe Industrial Co Ltd (2013–2025)
The table below shows the annual net assets of Zhejiang Tiantai Xianghe Industrial Co Ltd from 2013 to 2025. For live market cap and overall valuation, see market value of Zhejiang Tiantai Xianghe Industrial Co L.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.09 Billion ≈ $158.83 Million |
+5.52% |
| 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 384.2% over the analyzed period, indicating profitable operations and earnings retention.
Zhejiang Tiantai Xianghe Industrial Co Ltd Net Assets Breakdown (December 2025)
Zhejiang Tiantai Xianghe Industrial Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥426.65 Million | 41.05% |
| Other Components | CN¥612.71 Million | 58.95% |
| Total Equity | CN¥1.04 Billion | 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 |
|---|---|
|
Nanjing Bestway Intelligent Control Technology Co. Ltd. A
SHE:301195
|
$507.50 Million |
|
Minerva S.A
SA:BEEF3
|
$507.59 Million |
|
Hefei Lifeon Pharmaceutical Co Ltd
SHE:003020
|
$507.61 Million |
|
PetroVietnam Fertilizer and Chemicals Corp
VN:DPM
|
$507.62 Million |
|
Sichuan Xichang Electric Power Co Ltd
SHG:600505
|
$507.34 Million |
|
Shanghai Yongguan Adhesive Products Corp Ltd
SHG:603681
|
$507.23 Million |
|
Shanghai Shentong Metro Co Ltd
SHG:600834
|
$507.15 Million |
|
Fujian Rongji Software Co Ltd
SHE:002474
|
$507.13 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 2024 to 2025, total equity changed from 984,884,463 to 1,039,360,021, a change of 54,475,558 (5.5%).
- Net income of 134,432,391 contributed positively to equity growth.
- Dividend payments of 48,485,950 reduced retained earnings.
- Other factors decreased equity by 31,470,883.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥134.43 Million | +12.93% |
| Dividends Paid | CN¥48.49 Million | -4.66% |
| Other Changes | CN¥-31.47 Million | -3.03% |
| Total Change | CN¥- | 5.53% |
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: 3.34x
- 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 10.57x to 3.34x 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¥10.42 | x |
| 2014-12-31 | CN¥1.22 | CN¥10.42 | x |
| 2015-12-31 | CN¥1.18 | CN¥10.42 | x |
| 2016-12-31 | CN¥1.38 | CN¥10.42 | x |
| 2017-12-31 | CN¥2.78 | CN¥10.42 | x |
| 2018-12-31 | CN¥2.45 | CN¥10.42 | x |
| 2019-12-31 | CN¥2.58 | CN¥10.42 | x |
| 2020-12-31 | CN¥2.47 | CN¥10.42 | x |
| 2021-12-31 | CN¥2.59 | CN¥10.42 | x |
| 2022-12-31 | CN¥2.64 | CN¥10.42 | x |
| 2023-12-31 | CN¥2.86 | CN¥10.42 | x |
| 2024-12-31 | CN¥2.87 | CN¥10.42 | x |
| 2025-12-31 | CN¥3.12 | CN¥10.42 | 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): 12.93%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.11%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.59x
- Recent ROE (12.93%) is below the historical average (13.39%), 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¥-907.55K |
| 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 |
| 2025 | 12.93% | 16.11% | 0.51x | 1.59x | CN¥30.50 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: $625,921,151
- Average return on equity (ROE) among peers: -177.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Tiantai Xianghe Industrial Co Ltd (603500) | CN¥1.11 Billion | 20.86% | 0.78x | $507.42 Million |
| China High-Speed Railway Technology (000008) | $30.56 Million | 3.23% | 0.98x | $910.26 Million |
| Nanjing Zhongbei Group Co Ltd (000421) | $423.22 Million | 6.29% | 1.24x | $426.16 Million |
| Ningxia Western Venture Industrial Co Ltd (000557) | $44.35 Million | 26.21% | 0.78x | $787.47 Million |
| Vontron Technology Co Ltd (000920) | $1.04 Billion | 3.23% | 0.50x | $746.92 Million |
| China Railway Materials Co Ltd (000927) | $88.31 Million | -1857.66% | 54.49x | $2.14 Billion |
| HeNan Splendor Science & Technology Co Ltd (002296) | $1.41 Billion | -10.74% | 0.59x | $498.25 Million |
| Sichuan Fulin Transportation Group Co Ltd (002357) | $177.46 Million | 22.71% | 1.10x | $483.96 Million |
| Tianjin Keyvia Electric Co Ltd (300407) | $1.57 Billion | 5.68% | 0.85x | $535.85 Million |
| Chengdu Yunda Technology Co Ltd (300440) | $1.20 Billion | 8.76% | 0.56x | $1.16 Billion |
| Zhejiang Tiantie Industry Co Ltd (300587) | $272.51 Million | 16.33% | 0.52x | $666.82 Million |
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