Tongqinglou Dining Co Ltd
Tongqinglou Catering Co., Ltd. provides catering services in China. It is also involved in the banquet and wedding, hotel accommodation, and restaurant businesses. The company was founded in 2005 and is based in Hefei, China.
Tongqinglou Dining Co Ltd (605108) - Net Assets
Latest net assets as of June 2025: CN¥2.31 Billion CNY
Based on the latest financial reports, Tongqinglou Dining Co Ltd (605108) has net assets worth CN¥2.31 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥5.62 Billion) and total liabilities (CN¥3.32 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¥2.31 Billion |
| % of Total Assets | 41.01% |
| Annual Growth Rate | 17.78% |
| 5-Year Change | 21.37% |
| 10-Year Change | N/A |
| Growth Volatility | 33.02 |
Tongqinglou Dining Co Ltd - Net Assets Trend (2019–2024)
This chart illustrates how Tongqinglou Dining Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tongqinglou Dining Co Ltd (2019–2024)
The table below shows the annual net assets of Tongqinglou Dining Co Ltd from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.23 Billion | -0.27% |
| 2023-12-31 | CN¥2.24 Billion | +12.83% |
| 2022-12-31 | CN¥1.99 Billion | +1.06% |
| 2021-12-31 | CN¥1.97 Billion | +6.74% |
| 2020-12-31 | CN¥1.84 Billion | +86.82% |
| 2019-12-31 | CN¥985.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tongqinglou Dining 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 74.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.15 Billion | 51.47% |
| Other Components | CN¥1.08 Billion | 48.53% |
| Total Equity | CN¥2.23 Billion | 100.00% |
Tongqinglou Dining Co Ltd Competitors by Market Cap
The table below lists competitors of Tongqinglou Dining Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Huasi Agricultural Development Co Ltd
SHE:002494
|
$193.25 Million |
|
Koatsu Gas Kogyo Co. Ltd
PINK:KTSUF
|
$193.28 Million |
|
Bus Online Co Ltd
SHE:002188
|
$193.28 Million |
|
Shattuck Labs Inc
NASDAQ:STTK
|
$193.29 Million |
|
Backblaze Inc
NASDAQ:BLZE
|
$193.20 Million |
|
Rackspace Technology Inc
NASDAQ:RXT
|
$193.15 Million |
|
Datawalk SA
WAR:DAT
|
$193.14 Million |
|
Yunnan Jianzhijia Health-Chain Co Ltd
SHG:605266
|
$193.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tongqinglou Dining Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,240,807,619 to 2,234,701,930, a change of -6,105,689 (-0.3%).
- Net income of 100,084,317 contributed positively to equity growth.
- Dividend payments of 120,357,478 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥100.08 Million | +4.48% |
| Dividends Paid | CN¥120.36 Million | -5.39% |
| Other Changes | CN¥14.17 Million | +0.63% |
| Total Change | CN¥- | -0.27% |
Book Value vs Market Value Analysis
This analysis compares Tongqinglou Dining 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: 2.05x
- 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 3.48x to 2.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥5.05 | CN¥17.58 | x |
| 2020-12-31 | CN¥7.08 | CN¥17.58 | x |
| 2021-12-31 | CN¥7.56 | CN¥17.58 | x |
| 2022-12-31 | CN¥7.64 | CN¥17.58 | x |
| 2023-12-31 | CN¥8.62 | CN¥17.58 | x |
| 2024-12-31 | CN¥8.60 | CN¥17.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tongqinglou Dining 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): 4.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.96%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 2.40x
- Recent ROE (4.48%) is below the historical average (10.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 20.05% | 13.51% | 1.10x | 1.35x | CN¥99.04 Million |
| 2020 | 10.05% | 14.28% | 0.49x | 1.43x | CN¥988.21K |
| 2021 | 7.33% | 8.96% | 0.57x | 1.44x | CN¥-52.46 Million |
| 2022 | 4.71% | 5.60% | 0.58x | 1.46x | CN¥-105.01 Million |
| 2023 | 13.57% | 12.66% | 0.60x | 1.78x | CN¥80.03 Million |
| 2024 | 4.48% | 3.96% | 0.47x | 2.40x | CN¥-123.39 Million |
Industry Comparison
This section compares Tongqinglou Dining Co Ltd's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $1,023,358,595
- Average return on equity (ROE) among peers: 6.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tongqinglou Dining Co Ltd (605108) | CN¥2.31 Billion | 20.05% | 1.44x | $193.25 Million |
| Shaanxi Jinye Science Technology and Education Group Co Ltd (000812) | $406.57 Million | 9.85% | 0.70x | $310.62 Million |
| Tungkong Inc (002117) | $211.00 Million | 24.79% | 1.36x | $504.60 Million |
| Eternal Asia Supply Chain Management Ltd (002183) | $1.21 Billion | 12.38% | 3.22x | $1.26 Billion |
| Hongbo Co Ltd (002229) | $1.34 Billion | -21.81% | 1.32x | $1.12 Billion |
| Beijing Shengtong Printing Co Ltd (002599) | $147.72 Million | 16.68% | 1.56x | $346.10 Million |
| Shanghai Nar Industrial Co Ltd (002825) | $1.53 Billion | 8.27% | 0.67x | $277.42 Million |
| Xuchang Ketop Testing Research Ins (003008) | $1.00 Billion | 7.40% | 0.05x | $153.91 Million |
| Suzhou Electrical Apparatus Sci (300215) | $1.83 Billion | 4.73% | 1.24x | $356.39 Million |
| Trust Alliance Information Development Inc Ltd Shanghai (300469) | $166.51 Million | 0.00% | 1.55x | $1.97 Billion |
| Hunan Huakai Cultural and Creative Co Ltd (300592) | $2.38 Billion | 7.16% | 0.87x | $289.91 Million |