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¥4.31 Billion CNY (≈ $630.11 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¥8.97 Billion ≈ $1.31 Billion USD) and total liabilities (CN¥4.67 Billion ≈ $682.95 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 how resilient are TianJin 712 Communication & Broadcasting's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.31 Billion |
| % of Total Assets | 47.99% |
| Annual Growth Rate | 13.75% |
| 5-Year Change | 49.48% |
| 10-Year Change | 209.03% |
| Growth Volatility | 10.45 |
TianJin 712 Communication & Broadcasting Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how TianJin 712 Communication & Broadcasting Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of TianJin 712 Communication & Broadcasting for the complete picture of this company's asset base.
Annual Net Assets for TianJin 712 Communication & Broadcasting Co Ltd (2013–2024)
The table below shows the annual net assets of TianJin 712 Communication & Broadcasting Co Ltd from 2013 to 2024. For live valuation and market cap data, see TianJin 712 Communication & Broadcasting (603712) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 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 154.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.37 Billion | 54.22% |
| Common Stock | CN¥772.00 Million | 17.64% |
| Other Comprehensive Income | CN¥313.79 Million | 7.17% |
| Other Components | CN¥918.20 Million | 20.98% |
| Total Equity | CN¥4.38 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 |
|---|---|
|
Pharvaris BV
NASDAQ:PHVS
|
$1.82 Billion |
|
Mednax Inc
NYSE:MD
|
$1.82 Billion |
|
Nantong Jiangshan Agrochemical & Chemicals Co Ltd
SHG:600389
|
$1.82 Billion |
|
Sirius Real Estate Ltd
JSE:SRE
|
$1.82 Billion |
|
John Wiley & Sons
NYSE:WLY
|
$1.82 Billion |
|
DANAOS CORP. DL -01
F:DVW1
|
$1.82 Billion |
|
Pehuenche
SN:PEHUENCHE
|
$1.82 Billion |
|
Mando Corp
KO:204320
|
$1.82 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 2023 to 2024, total equity changed from 4,668,339,480 to 4,377,345,421, a change of -290,994,059 (-6.2%).
- Net loss of 248,818,107 reduced equity.
- Dividend payments of 72,521,984 reduced retained earnings.
- Other comprehensive income increased equity by 4,144,049.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-248.82 Million | -5.68% |
| Dividends Paid | CN¥72.52 Million | -1.66% |
| Other Comprehensive Income | CN¥4.14 Million | +0.09% |
| Other Changes | CN¥26.20 Million | +0.6% |
| Total Change | CN¥- | -6.23% |
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: 2.86x
- 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 11.44x to 2.86x 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¥16.10 | x |
| 2014-12-31 | CN¥1.65 | CN¥16.10 | x |
| 2015-12-31 | CN¥1.88 | CN¥16.10 | x |
| 2016-12-31 | CN¥2.21 | CN¥16.10 | x |
| 2017-12-31 | CN¥2.47 | CN¥16.10 | x |
| 2018-12-31 | CN¥3.00 | CN¥16.10 | x |
| 2019-12-31 | CN¥3.31 | CN¥16.10 | x |
| 2020-12-31 | CN¥3.89 | CN¥16.10 | x |
| 2021-12-31 | CN¥4.68 | CN¥16.10 | x |
| 2022-12-31 | CN¥5.58 | CN¥16.10 | x |
| 2023-12-31 | CN¥6.05 | CN¥16.10 | x |
| 2024-12-31 | CN¥5.63 | CN¥16.10 | 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): -5.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.55%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 2.06x
- Recent ROE (-5.68%) is below the historical average (12.60%), 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 |
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: $5,529,985,490
- Average return on equity (ROE) among peers: -0.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TianJin 712 Communication & Broadcasting Co Ltd (603712) | CN¥4.31 Billion | 19.60% | 1.08x | $1.82 Billion |
| ZTE Corp (000063) | $43.35 Billion | 8.36% | 1.79x | $21.63 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $204.52 Million | 22.76% | 2.18x | $2.38 Billion |
| Addsino Co Ltd (000547) | $459.32 Million | -8.36% | 1.39x | $5.75 Billion |
| Sichuan Huiyuan Optical Com (000586) | $262.65 Million | 0.31% | 1.13x | $501.31 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $78.54 Million | 4.37% | 0.86x | $417.18 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $2.80 Billion | 2.74% | 0.79x | $1.90 Billion |
| Skyworth Digital Co Ltd (000810) | $2.01 Billion | 18.94% | 0.94x | $2.14 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $2.78 Billion | 2.03% | 1.22x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $916.66 Million | -66.59% | 1.08x | $1.11 Billion |
| Sunwave Communications Co Ltd (002115) | $2.43 Billion | 5.61% | 0.88x | $1.71 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