Guangdong Tianan New Material
Guangdong Tianan New Material Co., Ltd. research and development, design, production, and sales of building ceramics and polymer composite finishing material in China and internationally. It offers upholstery fabrics, including flat, blister, and coating films; auto decoration materials for car dashboard, car door panels, car seats, and automotive sun visors and blinds; Functional film, comprisin… Read more
Guangdong Tianan New Material (603725) - Net Assets
Latest net assets as of September 2025: CN¥987.60 Million CNY
Based on the latest financial reports, Guangdong Tianan New Material (603725) has net assets worth CN¥987.60 Million CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.03 Billion) and total liabilities (CN¥2.05 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥987.60 Million |
| % of Total Assets | 32.56% |
| Annual Growth Rate | 15.16% |
| 5-Year Change | 9.97% |
| 10-Year Change | 157.49% |
| Growth Volatility | 33.55 |
Guangdong Tianan New Material - Net Assets Trend (2007–2024)
This chart illustrates how Guangdong Tianan New Material's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Guangdong Tianan New Material (2007–2024)
The table below shows the annual net assets of Guangdong Tianan New Material from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥905.44 Million | +6.94% |
| 2023-12-31 | CN¥846.68 Million | +36.87% |
| 2022-12-31 | CN¥618.58 Million | -25.43% |
| 2021-12-31 | CN¥829.55 Million | +0.75% |
| 2020-12-31 | CN¥823.34 Million | +2.04% |
| 2019-12-31 | CN¥806.90 Million | -1.14% |
| 2018-12-31 | CN¥816.22 Million | +4.09% |
| 2017-12-31 | CN¥784.18 Million | +90.09% |
| 2016-12-31 | CN¥412.53 Million | +17.31% |
| 2015-12-31 | CN¥351.64 Million | +26.21% |
| 2014-12-31 | CN¥278.61 Million | +33.63% |
| 2013-12-31 | CN¥208.50 Million | +15.88% |
| 2012-12-31 | CN¥179.93 Million | +109.64% |
| 2011-12-31 | CN¥85.83 Million | -20.75% |
| 2010-12-31 | CN¥108.30 Million | +4.28% |
| 2009-12-31 | CN¥103.86 Million | +15.31% |
| 2008-12-31 | CN¥90.07 Million | +9.60% |
| 2007-12-31 | CN¥82.18 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Guangdong Tianan New Material'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 787.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥153.53 Million | 20.20% |
| Common Stock | CN¥304.86 Million | 40.12% |
| Other Comprehensive Income | CN¥42.31 Million | 5.57% |
| Other Components | CN¥259.25 Million | 34.11% |
| Total Equity | CN¥759.96 Million | 100.00% |
Guangdong Tianan New Material Competitors by Market Cap
The table below lists competitors of Guangdong Tianan New Material ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangzhou Pearl River Piano Group Co Ltd
SHE:002678
|
$191.51 Million |
|
Microvision Inc
NASDAQ:MVIS
|
$191.60 Million |
|
Groenlandsbanken AS
CO:GRLA
|
$191.62 Million |
|
Zhejiang Busen Garments Co Ltd
SHE:002569
|
$191.63 Million |
|
MBM Resources Bhd
KLSE:5983
|
$191.44 Million |
|
TOYO Corporation
MU:TOY
|
$191.38 Million |
|
Jiangxi Hengda Hi-Tech Co Ltd
SHE:002591
|
$191.36 Million |
|
Gourmet Master Co Ltd
TW:2723
|
$191.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Tianan New Material's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 720,839,842 to 759,957,749, a change of 39,117,907 (5.4%).
- Net income of 101,004,899 contributed positively to equity growth.
- Dividend payments of 77,965,669 reduced retained earnings.
- Share repurchases of 30,116,163 reduced equity.
- Other comprehensive income increased equity by 42,314,689.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥101.00 Million | +13.29% |
| Dividends Paid | CN¥77.97 Million | -10.26% |
| Share Repurchases | CN¥30.12 Million | -3.96% |
| Other Comprehensive Income | CN¥42.31 Million | +5.57% |
| Other Changes | CN¥3.88 Million | +0.51% |
| Total Change | CN¥- | 5.43% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Tianan New Material'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: 3.85x
- 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 11.82x to 3.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.81 | CN¥9.57 | x |
| 2008-12-31 | CN¥0.89 | CN¥9.57 | x |
| 2009-12-31 | CN¥1.02 | CN¥9.57 | x |
| 2010-12-31 | CN¥1.07 | CN¥9.57 | x |
| 2011-12-31 | CN¥0.85 | CN¥9.57 | x |
| 2012-12-31 | CN¥1.77 | CN¥9.57 | x |
| 2013-12-31 | CN¥1.64 | CN¥9.57 | x |
| 2014-12-31 | CN¥1.95 | CN¥9.57 | x |
| 2015-12-31 | CN¥2.28 | CN¥9.57 | x |
| 2016-12-31 | CN¥2.66 | CN¥9.57 | x |
| 2017-12-31 | CN¥4.56 | CN¥9.57 | x |
| 2018-12-31 | CN¥3.99 | CN¥9.57 | x |
| 2019-12-31 | CN¥3.91 | CN¥9.57 | x |
| 2020-12-31 | CN¥4.00 | CN¥9.57 | x |
| 2021-12-31 | CN¥3.22 | CN¥9.57 | x |
| 2022-12-31 | CN¥2.51 | CN¥9.57 | x |
| 2023-12-31 | CN¥3.30 | CN¥9.57 | x |
| 2024-12-31 | CN¥2.48 | CN¥9.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Tianan New Material 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): 13.29%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.26%
- • Asset Turnover: 1.09x
- • Equity Multiplier: 3.75x
- Recent ROE (13.29%) is above the historical average (7.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 8.26% | 1.95% | 1.75x | 2.41x | CN¥-1.43 Million |
| 2008 | 8.76% | 2.17% | 1.65x | 2.43x | CN¥-1.12 Million |
| 2009 | 14.12% | 4.55% | 1.37x | 2.27x | CN¥4.28 Million |
| 2010 | 15.54% | 3.57% | 1.82x | 2.39x | CN¥6.00 Million |
| 2011 | 19.62% | 3.44% | 1.57x | 3.63x | CN¥8.26 Million |
| 2012 | 15.72% | 6.04% | 1.39x | 1.87x | CN¥10.29 Million |
| 2013 | 14.79% | 5.98% | 1.17x | 2.12x | CN¥9.98 Million |
| 2014 | 7.68% | 3.88% | 0.99x | 2.00x | CN¥-6.45 Million |
| 2015 | 15.02% | 7.92% | 0.91x | 2.09x | CN¥17.67 Million |
| 2016 | 17.43% | 8.36% | 0.95x | 2.19x | CN¥30.63 Million |
| 2017 | 7.05% | 5.73% | 0.74x | 1.66x | CN¥-23.10 Million |
| 2018 | 6.01% | 5.13% | 0.75x | 1.57x | CN¥-32.56 Million |
| 2019 | 0.81% | 0.75% | 0.70x | 1.54x | CN¥-73.89 Million |
| 2020 | 4.66% | 4.40% | 0.59x | 1.79x | CN¥-43.88 Million |
| 2021 | -14.55% | -4.68% | 0.68x | 4.60x | CN¥-163.02 Million |
| 2022 | -38.93% | -7.51% | 0.95x | 5.47x | CN¥-256.43 Million |
| 2023 | 16.78% | 3.85% | 1.11x | 3.91x | CN¥48.86 Million |
| 2024 | 13.29% | 3.26% | 1.09x | 3.75x | CN¥25.01 Million |
Industry Comparison
This section compares Guangdong Tianan New Material's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $2,626,916,213
- Average return on equity (ROE) among peers: 12.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Tianan New Material (603725) | CN¥987.60 Million | 8.26% | 2.07x | $191.50 Million |
| North Huajin Chemical Industries Co Ltd (000059) | $6.22 Billion | 3.15% | 2.45x | $677.73 Million |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $1.22 Billion | 8.90% | 0.47x | $2.89 Billion |
| Zangge Holding Co Ltd (000408) | $13.85 Billion | 18.63% | 0.09x | $11.87 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $31.03 Million | 11.65% | 3.42x | $1.15 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $258.76 Million | 6.78% | 0.30x | $423.89 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $54.68 Million | 39.27% | 1.16x | $225.85 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $184.46 Million | 13.30% | 2.58x | $295.21 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $691.87 Million | 1.61% | 0.02x | $187.22 Million |
| Shenyang Chemical Industry Co Ltd (000698) | $3.01 Billion | 7.14% | 1.28x | $240.44 Million |
| Hubei Shuanghuan Science and Technology Stock Co Ltd (000707) | $759.12 Million | 13.65% | 0.22x | $412.94 Million |