TianJin 712 Communication & Broadcasting Co Ltd (603712) - Net Assets
Based on the latest financial reports, TianJin 712 Communication & Broadcasting Co Ltd (603712) has net assets worth CN¥4.14 Billion CNY (≈ $606.02 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥9.23 Billion ≈ $1.35 Billion USD) and total liabilities (CN¥5.09 Billion ≈ $744.43 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 TianJin 712 Communication & Broadcasting (603712) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.14 Billion |
| % of Total Assets | 44.88% |
| Annual Growth Rate | 11.52% |
| 5-Year Change | 11.37% |
| 10-Year Change | 175.86% |
| Growth Volatility | 12.1 |
TianJin 712 Communication & Broadcasting Co Ltd - Net Assets Trend (2013–2025)
This chart illustrates how TianJin 712 Communication & Broadcasting Co Ltd's net assets have evolved over time, based on quarterly financial data. See TianJin 712 Communication & Broadcasting liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for TianJin 712 Communication & Broadcasting Co Ltd (2013–2025)
The table below shows the annual net assets of TianJin 712 Communication & Broadcasting Co Ltd from 2013 to 2025. For live valuation and market cap data, see TianJin 712 Communication & Broadcasting (603712) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥4.03 Billion ≈ $589.15 Million |
-10.34% |
| 2024-12-31 | CN¥4.49 Billion ≈ $657.13 Million |
-5.66% |
| 2023-12-31 | CN¥4.76 Billion ≈ $696.55 Million |
+8.81% |
| 2022-12-31 | CN¥4.37 Billion ≈ $640.12 Million |
+21.00% |
| 2021-12-31 | CN¥3.62 Billion ≈ $529.03 Million |
+20.34% |
| 2020-12-31 | CN¥3.00 Billion ≈ $439.60 Million |
+17.43% |
| 2019-12-31 | CN¥2.56 Billion ≈ $374.36 Million |
+13.57% |
| 2018-12-31 | CN¥2.25 Billion ≈ $329.61 Million |
+36.21% |
| 2017-12-31 | CN¥1.65 Billion ≈ $241.99 Million |
+13.31% |
| 2016-12-31 | CN¥1.46 Billion ≈ $213.57 Million |
+0.43% |
| 2015-12-31 | CN¥1.45 Billion ≈ $212.64 Million |
+13.97% |
| 2014-12-31 | CN¥1.28 Billion ≈ $186.59 Million |
+17.20% |
| 2013-12-31 | CN¥1.09 Billion ≈ $159.20 Million |
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Equity Component Analysis
This analysis shows how different components contribute to TianJin 712 Communication & Broadcasting 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 101.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.88 Billion | 48.38% |
| Other Components | CN¥2.01 Billion | 51.62% |
| Total Equity | CN¥3.89 Billion | 100.00% |
TianJin 712 Communication & Broadcasting Co Ltd Competitors by Market Cap
The table below lists competitors of TianJin 712 Communication & Broadcasting Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Macmahon Holdings Ltd
AU:MAH
|
$1.49 Billion |
|
Ouster, Inc. Common Stock
NYSE:OUST
|
$1.49 Billion |
|
Sunstone Development Co Ltd
SHG:603612
|
$1.49 Billion |
|
Scientex Bhd
KLSE:4731
|
$1.49 Billion |
|
Grandjoy Holdings Group Co Ltd
SHE:000031
|
$1.49 Billion |
|
Shenzhen Chipscreen Biosciences Co
SHG:688321
|
$1.49 Billion |
|
Dehua TB New Decoration Material Co Ltd
SHE:002043
|
$1.49 Billion |
|
CITIC Guoan Information Industry Co Ltd
SHE:000839
|
$1.49 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TianJin 712 Communication & Broadcasting Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,377,345,421 to 3,888,496,138, a change of -488,849,283 (-11.2%).
- Net loss of 492,117,327 reduced equity.
- Dividend payments of 24,571,973 reduced retained earnings.
- Other comprehensive income decreased equity by 313,790,108.
- Other factors increased equity by 341,630,125.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-492.12 Million | -12.66% |
| Dividends Paid | CN¥24.57 Million | -0.63% |
| Other Comprehensive Income | CN¥-313.79 Million | -8.07% |
| Other Changes | CN¥341.63 Million | +8.79% |
| Total Change | CN¥- | -11.17% |
Book Value vs Market Value Analysis
This analysis compares TianJin 712 Communication & Broadcasting 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: 2.61x
- 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 9.35x to 2.61x 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¥1.41 | CN¥13.16 | x |
| 2014-12-31 | CN¥1.65 | CN¥13.16 | x |
| 2015-12-31 | CN¥1.88 | CN¥13.16 | x |
| 2016-12-31 | CN¥2.21 | CN¥13.16 | x |
| 2017-12-31 | CN¥2.47 | CN¥13.16 | x |
| 2018-12-31 | CN¥3.00 | CN¥13.16 | x |
| 2019-12-31 | CN¥3.31 | CN¥13.16 | x |
| 2020-12-31 | CN¥3.89 | CN¥13.16 | x |
| 2021-12-31 | CN¥4.68 | CN¥13.16 | x |
| 2022-12-31 | CN¥5.58 | CN¥13.16 | x |
| 2023-12-31 | CN¥6.05 | CN¥13.16 | x |
| 2024-12-31 | CN¥5.63 | CN¥13.16 | x |
| 2025-12-31 | CN¥5.04 | CN¥13.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TianJin 712 Communication & Broadcasting 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): -12.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -22.91%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 2.30x
- Recent ROE (-12.66%) is below the historical average (10.66%), 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 | 19.60% | 16.49% | 0.49x | 2.45x | CN¥104.28 Million |
| 2014 | 14.69% | 13.57% | 0.55x | 1.95x | CN¥59.73 Million |
| 2015 | 12.42% | 11.90% | 0.52x | 1.99x | CN¥35.15 Million |
| 2016 | 10.88% | 11.43% | 0.41x | 2.35x | CN¥12.87 Million |
| 2017 | 11.75% | 13.08% | 0.41x | 2.18x | CN¥28.86 Million |
| 2018 | 9.99% | 13.84% | 0.34x | 2.10x | CN¥-324.22K |
| 2019 | 13.50% | 16.13% | 0.39x | 2.14x | CN¥89.49 Million |
| 2020 | 17.41% | 19.40% | 0.39x | 2.29x | CN¥222.67 Million |
| 2021 | 19.29% | 20.20% | 0.40x | 2.38x | CN¥336.03 Million |
| 2022 | 17.99% | 19.18% | 0.41x | 2.28x | CN¥344.19 Million |
| 2023 | 9.42% | 13.46% | 0.33x | 2.09x | CN¥-27.04 Million |
| 2024 | -5.68% | -11.55% | 0.24x | 2.06x | CN¥-686.55 Million |
| 2025 | -12.66% | -22.91% | 0.24x | 2.30x | CN¥-880.97 Million |
Industry Comparison
This section compares TianJin 712 Communication & Broadcasting Co Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $6,852,220,766
- Average return on equity (ROE) among peers: -12.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TianJin 712 Communication & Broadcasting Co Ltd (603712) | CN¥4.14 Billion | 19.60% | 1.23x | $1.49 Billion |
| ZTE Corp (000063) | $59.54 Billion | 13.57% | 2.04x | $22.19 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $777.81 Million | 0.64% | 0.63x | $2.72 Billion |
| Addsino Co Ltd (000547) | $5.39 Billion | 4.52% | 0.29x | $4.69 Billion |
| Sichuan Huiyuan Optical Com (000586) | $448.24 Million | 2.88% | 0.47x | $438.47 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $366.30 Million | -60.83% | 6.39x | $413.20 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $117.42 Million | 3.98% | 0.49x | $1.72 Billion |
| Skyworth Digital Co Ltd (000810) | $301.13 Million | 0.65% | 1.81x | $2.04 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $397.58 Million | -4.60% | 0.35x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $231.11 Million | -66.53% | 2.00x | $983.24 Million |
| Sunwave Communications Co Ltd (002115) | $945.20 Million | -14.30% | 1.10x | $1.40 Billion |
About TianJin 712 Communication & Broadcasting Co Ltd
TianJin 712 Communication & Broadcasting Co., Ltd. engages in the research and development, production, and sale of tactical radio, airborne station, railway communication radio, and other communication equipment in China and internationally. Its products include aeronautical radio; wireless train dispatch; urban mass; digital radio plane shunting, including locomotive controller, shunting area m… Read more