Zhejiang Tony Electronic Co Ltd (603595) - Net Assets
Based on the latest financial reports, Zhejiang Tony Electronic Co Ltd (603595) has net assets worth CN¥1.70 Billion CNY (≈ $248.97 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¥4.94 Billion ≈ $722.73 Million USD) and total liabilities (CN¥3.24 Billion ≈ $473.75 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 Tony Electronic Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.70 Billion |
| % of Total Assets | 34.45% |
| Annual Growth Rate | 36.08% |
| 5-Year Change | 57.95% |
| 10-Year Change | 829.83% |
| Growth Volatility | 53.88 |
Zhejiang Tony Electronic Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Zhejiang Tony Electronic Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Zhejiang Tony Electronic Co Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Tony Electronic Co Ltd (2013–2024)
The table below shows the annual net assets of Zhejiang Tony Electronic Co Ltd from 2013 to 2024. For live valuation and market cap data, see market cap of Zhejiang Tony Electronic Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.75 Billion ≈ $256.29 Million |
-2.13% |
| 2023-12-31 | CN¥1.79 Billion ≈ $261.88 Million |
-11.04% |
| 2022-12-31 | CN¥2.01 Billion ≈ $294.39 Million |
+25.81% |
| 2021-12-31 | CN¥1.60 Billion ≈ $233.99 Million |
+44.20% |
| 2020-12-31 | CN¥1.11 Billion ≈ $162.26 Million |
+4.52% |
| 2019-12-31 | CN¥1.06 Billion ≈ $155.24 Million |
+20.55% |
| 2018-12-31 | CN¥880.00 Million ≈ $128.77 Million |
+20.66% |
| 2017-12-31 | CN¥729.31 Million ≈ $106.72 Million |
+189.63% |
| 2016-12-31 | CN¥251.80 Million ≈ $36.85 Million |
+33.68% |
| 2015-12-31 | CN¥188.36 Million ≈ $27.56 Million |
+85.08% |
| 2014-12-31 | CN¥101.77 Million ≈ $14.89 Million |
+72.18% |
| 2013-12-31 | CN¥59.11 Million ≈ $8.65 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Tony Electronic 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 852.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥232.44 Million | 14.86% |
| Other Comprehensive Income | CN¥565.84 Million | 36.18% |
| Other Components | CN¥1.09 Billion | 69.57% |
| Total Equity | CN¥1.56 Billion | 100.00% |
Zhejiang Tony Electronic Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Tony Electronic Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dap Gayrimenkul Gelistirme AS
IS:DAPGM
|
$616.09 Million |
|
Ricegrowers Ltd
AU:SGLLV
|
$616.11 Million |
|
Shandong Daye Co Ltd Class A
SHG:603278
|
$616.12 Million |
|
Olvi Oyj A
HE:OLVAS
|
$616.13 Million |
|
Shang Gong Group Co Ltd A
SHG:600843
|
$615.90 Million |
|
Bohai Ferry Co Ltd
SHG:603167
|
$615.80 Million |
|
Zhejiang Jinghua Laser Technology Co Ltd Class A
SHG:603607
|
$615.71 Million |
|
Forus S.A
SN:FORUS
|
$615.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Tony Electronic Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,552,430,319 to 1,563,948,245, a change of 11,517,926 (0.7%).
- Net income of 11,517,925 contributed positively to equity growth.
- Dividend payments of 110,919,122 reduced retained earnings.
- Other comprehensive income increased equity by 565,839,360.
- Other factors decreased equity by 454,920,237.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥11.52 Million | +0.74% |
| Dividends Paid | CN¥110.92 Million | -7.09% |
| Other Comprehensive Income | CN¥565.84 Million | +36.18% |
| Other Changes | CN¥-454.92 Million | -29.09% |
| Total Change | CN¥- | 0.74% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Tony Electronic 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: 2.69x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 45.31x to 2.69x 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¥0.40 | CN¥18.11 | x |
| 2014-12-31 | CN¥0.69 | CN¥18.11 | x |
| 2015-12-31 | CN¥1.27 | CN¥18.11 | x |
| 2016-12-31 | CN¥1.72 | CN¥18.11 | x |
| 2017-12-31 | CN¥4.12 | CN¥18.11 | x |
| 2018-12-31 | CN¥4.42 | CN¥18.11 | x |
| 2019-12-31 | CN¥5.22 | CN¥18.11 | x |
| 2020-12-31 | CN¥5.21 | CN¥18.11 | x |
| 2021-12-31 | CN¥6.88 | CN¥18.11 | x |
| 2022-12-31 | CN¥8.21 | CN¥18.11 | x |
| 2023-12-31 | CN¥6.67 | CN¥18.11 | x |
| 2024-12-31 | CN¥6.73 | CN¥18.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Tony Electronic 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): 0.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.58%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 3.25x
- Recent ROE (0.74%) is below the historical average (10.86%), 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 | 36.58% | 17.93% | 0.72x | 2.82x | CN¥15.71 Million |
| 2014 | 41.92% | 20.49% | 0.95x | 2.14x | CN¥32.48 Million |
| 2015 | 30.04% | 19.37% | 0.87x | 1.78x | CN¥37.75 Million |
| 2016 | 25.19% | 19.13% | 0.70x | 1.88x | CN¥38.26 Million |
| 2017 | 23.77% | 23.87% | 0.59x | 1.70x | CN¥100.43 Million |
| 2018 | 13.11% | 13.23% | 0.60x | 1.64x | CN¥27.38 Million |
| 2019 | -13.99% | -22.46% | 0.35x | 1.78x | CN¥-254.53 Million |
| 2020 | 4.31% | 5.15% | 0.42x | 2.00x | CN¥-63.05 Million |
| 2021 | 2.09% | 2.50% | 0.41x | 2.05x | CN¥-126.49 Million |
| 2022 | 5.66% | 5.72% | 0.44x | 2.25x | CN¥-82.70 Million |
| 2023 | -39.11% | -33.07% | 0.35x | 3.41x | CN¥-762.46 Million |
| 2024 | 0.74% | 0.58% | 0.39x | 3.25x | CN¥-144.88 Million |
Industry Comparison
This section compares Zhejiang Tony Electronic Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,542,980,118
- Average return on equity (ROE) among peers: 6.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Tony Electronic Co Ltd (603595) | CN¥1.70 Billion | 36.58% | 1.90x | $615.99 Million |
| XJ Electric Co Ltd (000400) | $1.49 Billion | 11.47% | 0.73x | $3.86 Billion |
| Guangdong Macro Co Ltd (000533) | $598.74 Million | 0.58% | 4.38x | $1.35 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.84 Billion | 10.28% | 0.11x | $1.03 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.27 Billion | 0.84% | 0.19x | $2.58 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.05 Billion | -0.83% | 4.35x | $864.19 Million |
| Huagong Tech Co Ltd (000988) | $7.43 Billion | 10.24% | 0.87x | $18.42 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.82 Billion |
| Sieyuan Electric Co Ltd (002028) | $8.60 Billion | 13.93% | 0.62x | $23.55 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $175.70 Million | 4.41% | 0.38x | $525.19 Million |
| Gotion High tech Co Ltd (002074) | $497.13 Million | 7.34% | 0.88x | $10.24 Billion |
About Zhejiang Tony Electronic Co Ltd
Zhejiang Tony Electronic Co., Ltd engages in the research, development, production, and sale of ultra-fine alloy wires and metal matrix composite materials worldwide. The company offers consumer electronics, including magnetic materials, conductors, enameled wires, and copper coils; new energy vehicles, such as FPC circuit board and CCS products, tab lead and AI-plastic films, cables, and cable h… Read more