Fujian Tianma Science and Technology Group Co Ltd (603668) - Net Assets
Based on the latest financial reports, Fujian Tianma Science and Technology Group Co Ltd (603668) has net assets worth CN¥2.88 Billion CNY (≈ $421.69 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¥9.52 Billion ≈ $1.39 Billion USD) and total liabilities (CN¥6.64 Billion ≈ $971.18 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 Fujian Tianma Science and Technology Gro liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.88 Billion |
| % of Total Assets | 30.27% |
| Annual Growth Rate | 27.7% |
| 5-Year Change | 88.04% |
| 10-Year Change | 624.81% |
| Growth Volatility | 24.68 |
Fujian Tianma Science and Technology Group Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Fujian Tianma Science and Technology Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 603668 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Fujian Tianma Science and Technology Group Co Ltd (2011–2024)
The table below shows the annual net assets of Fujian Tianma Science and Technology Group Co Ltd from 2011 to 2024. For live valuation and market cap data, see 603668 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.83 Billion ≈ $414.10 Million |
+6.79% |
| 2023-12-31 | CN¥2.65 Billion ≈ $387.77 Million |
+9.16% |
| 2022-12-31 | CN¥2.43 Billion ≈ $355.24 Million |
+9.31% |
| 2021-12-31 | CN¥2.22 Billion ≈ $324.99 Million |
+47.58% |
| 2020-12-31 | CN¥1.50 Billion ≈ $220.21 Million |
+7.51% |
| 2019-12-31 | CN¥1.40 Billion ≈ $204.83 Million |
+48.99% |
| 2018-12-31 | CN¥939.52 Million ≈ $137.48 Million |
+13.95% |
| 2017-12-31 | CN¥824.52 Million ≈ $120.65 Million |
+79.68% |
| 2016-12-31 | CN¥458.88 Million ≈ $67.15 Million |
+17.53% |
| 2015-12-31 | CN¥390.43 Million ≈ $57.13 Million |
+15.93% |
| 2014-12-31 | CN¥336.78 Million ≈ $49.28 Million |
+11.92% |
| 2013-12-31 | CN¥300.92 Million ≈ $44.03 Million |
+68.11% |
| 2012-12-31 | CN¥179.00 Million ≈ $26.19 Million |
+51.94% |
| 2011-12-31 | CN¥117.81 Million ≈ $17.24 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Fujian Tianma Science and Technology Group 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 994.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥400.49 Million | 17.90% |
| Common Stock | CN¥502.34 Million | 22.46% |
| Other Comprehensive Income | CN¥318.21 Million | 14.22% |
| Other Components | CN¥1.02 Billion | 45.42% |
| Total Equity | CN¥2.24 Billion | 100.00% |
Fujian Tianma Science and Technology Group Co Ltd Competitors by Market Cap
The table below lists competitors of Fujian Tianma Science and Technology Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pet Valu Holdings Ltd
TO:PET
|
$1.01 Billion |
|
Goosehead Insurance Inc
NASDAQ:GSHD
|
$1.01 Billion |
|
Leshan Electric Power Co Ltd
SHG:600644
|
$1.01 Billion |
|
Haesung DS Co Ltd
KO:195870
|
$1.01 Billion |
|
Daewon Cable Co. Ltd. Preference Shares
KO:006345
|
$1.01 Billion |
|
Glenveagh Properties PLC
IR:GVR
|
$1.01 Billion |
|
Catalyst Metals Ltd
AU:CYL
|
$1.01 Billion |
|
PM Capital Global Opportunities Fund Ltd
AU:PGF
|
$1.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fujian Tianma Science and Technology Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,210,663,755 to 2,237,076,695, a change of 26,412,940 (1.2%).
- Net income of 26,032,662 contributed positively to equity growth.
- Dividend payments of 146,917,126 reduced retained earnings.
- Other comprehensive income decreased equity by 4,633,215.
- Other factors increased equity by 151,930,619.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥26.03 Million | +1.16% |
| Dividends Paid | CN¥146.92 Million | -6.57% |
| Other Comprehensive Income | CN¥-4.63 Million | -0.21% |
| Other Changes | CN¥151.93 Million | +6.79% |
| Total Change | CN¥- | 1.19% |
Book Value vs Market Value Analysis
This analysis compares Fujian Tianma Science and Technology Group 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: 3.05x
- 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 23.84x to 3.05x 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¥0.57 | CN¥13.60 | x |
| 2012-12-31 | CN¥1.02 | CN¥13.60 | x |
| 2013-12-31 | CN¥1.39 | CN¥13.60 | x |
| 2014-12-31 | CN¥1.48 | CN¥13.60 | x |
| 2015-12-31 | CN¥1.76 | CN¥13.60 | x |
| 2016-12-31 | CN¥2.03 | CN¥13.60 | x |
| 2017-12-31 | CN¥2.80 | CN¥13.60 | x |
| 2018-12-31 | CN¥3.17 | CN¥13.60 | x |
| 2019-12-31 | CN¥3.63 | CN¥13.60 | x |
| 2020-12-31 | CN¥3.68 | CN¥13.60 | x |
| 2021-12-31 | CN¥4.85 | CN¥13.60 | x |
| 2022-12-31 | CN¥4.69 | CN¥13.60 | x |
| 2023-12-31 | CN¥4.61 | CN¥13.60 | x |
| 2024-12-31 | CN¥4.45 | CN¥13.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fujian Tianma Science and Technology Group 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): 1.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.44%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 4.03x
- Recent ROE (1.16%) is below the historical average (10.73%), 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 | 24.29% | 5.29% | 1.38x | 3.34x | CN¥13.96 Million |
| 2012 | 23.80% | 6.40% | 1.38x | 2.70x | CN¥24.10 Million |
| 2013 | 15.94% | 8.59% | 1.04x | 1.78x | CN¥17.64 Million |
| 2014 | 17.89% | 8.51% | 1.11x | 1.88x | CN¥26.26 Million |
| 2015 | 17.08% | 8.17% | 0.95x | 2.20x | CN¥27.38 Million |
| 2016 | 17.63% | 9.52% | 0.86x | 2.16x | CN¥34.76 Million |
| 2017 | 11.06% | 8.00% | 0.69x | 2.02x | CN¥8.73 Million |
| 2018 | 8.23% | 4.48% | 0.80x | 2.29x | CN¥-16.48 Million |
| 2019 | 4.96% | 2.34% | 0.89x | 2.38x | CN¥-57.70 Million |
| 2020 | 5.66% | 1.89% | 1.10x | 2.71x | CN¥-52.96 Million |
| 2021 | 4.53% | 1.55% | 1.05x | 2.78x | CN¥-101.24 Million |
| 2022 | 6.40% | 1.86% | 0.92x | 3.75x | CN¥-73.24 Million |
| 2023 | -8.48% | -2.68% | 0.77x | 4.11x | CN¥-408.62 Million |
| 2024 | 1.16% | 0.44% | 0.65x | 4.03x | CN¥-197.68 Million |
Industry Comparison
This section compares Fujian Tianma Science and Technology Group Co Ltd's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $3,315,411,351
- Average return on equity (ROE) among peers: 7.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fujian Tianma Science and Technology Group Co Ltd (603668) | CN¥2.88 Billion | 24.29% | 2.30x | $1.01 Billion |
| ShenZhen Kondarl Group Co Ltd (000048) | $-178.39 Million | 0.00% | 0.00x | $1.17 Billion |
| Guangdong Guanghong Holdings Co Ltd (000529) | $1.70 Billion | -17.53% | 0.66x | $484.37 Million |
| Hunan Zhenghong Science and Technology Develop Co Ltd (000702) | $89.36 Million | 44.89% | 0.86x | $355.56 Million |
| Hefei Fengle Seed Co Ltd (000713) | $1.30 Billion | 4.29% | 0.54x | $752.22 Million |
| Luoniushan Co Ltd (000735) | $4.82 Billion | 1.85% | 1.63x | $1.10 Billion |
| New Hope Liuhe Co Ltd (000876) | $14.49 Billion | 11.78% | 0.70x | $5.75 Billion |
| Yuan Longping High-tech Agriculture Co Ltd (000998) | $6.29 Billion | 1.84% | 1.20x | $1.97 Billion |
| Dongrui Food Group Co Ltd (001201) | $3.11 Billion | 1.38% | 0.52x | $497.17 Million |
| Jiangxi Sunshine Dairy Co Ltd (001318) | $585.62 Million | 19.17% | 0.10x | $558.39 Million |
| Shandong Denghai Seeds Co Ltd (002041) | $951.86 Million | 9.78% | 0.64x | $1.30 Billion |
About Fujian Tianma Science and Technology Group Co Ltd
Fujian Tianma Science and Technology Group Co., Ltd. researches and develops, produces, and sells special aquatic compound feeds in China. The company offers seedling and special aquatic compound feeds, which are mainly used in special aquatic animals such as eel, grouper, large yellow croaker, California perch, turtle, soft-shelled turtle, puffer fish, mandarin fish, abalone, sea cucumber, etc. … Read more