Tongqinglou Dining Co Ltd Net Assets
Tongqinglou Dining Co Ltd net assets. Based on the latest financial reports, Tongqinglou Dining Co Ltd (605108) has net assets worth CN¥2.31 Billion CNY (≈ $337.54 Million USD) 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 ≈ $823.11 Million USD) and total liabilities (CN¥3.32 Billion ≈ $485.56 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. Also explore Tongqinglou Dining Co Ltd equity growth rate to track the company's year-over-year net asset growth rate.
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 |
Net Assets of Tongqinglou Dining Co Ltd (2019–2024)
Net assets of Tongqinglou Dining Co Ltd from 2019 to 2024. This chart illustrates how Tongqinglou Dining Co Ltd's net assets have evolved over time, based on quarterly financial data. See net asset quality index of Tongqinglou Dining Co Ltd to measure how much of total assets are equity-financed.
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. For live market cap and overall valuation, see Tongqinglou Dining Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.23 Billion ≈ $327.01 Million |
-0.27% |
| 2023-12-31 | CN¥2.24 Billion ≈ $327.90 Million |
+12.83% |
| 2022-12-31 | CN¥1.99 Billion ≈ $290.63 Million |
+1.06% |
| 2021-12-31 | CN¥1.97 Billion ≈ $287.58 Million |
+6.74% |
| 2020-12-31 | CN¥1.84 Billion ≈ $269.43 Million |
+86.82% |
| 2019-12-31 | CN¥985.55 Million ≈ $144.22 Million |
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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.
Tongqinglou Dining Co Ltd Net Assets Breakdown (December 2024)
Tongqinglou Dining Co Ltd net assets breakdown by equity component as of 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 |
|---|---|
|
Hailir Pesticides and Chemicals Group Co Ltd
SHG:603639
|
$461.50 Million |
|
Hangzhou Landscape Architecture Design Institute Co Ltd
SHE:300649
|
$461.55 Million |
|
Kambi Group PLC Series B
LSE:0EAW
|
$461.63 Million |
|
Guangdong Shirongzhaoye Co Ltd
SHE:002016
|
$461.74 Million |
|
Lendingtree Inc
NASDAQ:TREE
|
$461.48 Million |
|
Global Dominion Access S.A
MC:DOM
|
$461.37 Million |
|
Shaanxi Xinghua Chemistry Co Ltd
SHE:002109
|
$461.29 Million |
|
ICRA Limited
NSE:ICRA
|
$461.21 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: 1.41x
- 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 2.40x to 1.41x 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¥12.13 | x |
| 2020-12-31 | CN¥7.08 | CN¥12.13 | x |
| 2021-12-31 | CN¥7.56 | CN¥12.13 | x |
| 2022-12-31 | CN¥7.64 | CN¥12.13 | x |
| 2023-12-31 | CN¥8.62 | CN¥12.13 | x |
| 2024-12-31 | CN¥8.60 | CN¥12.13 | 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: $2,035,400,967
- Average return on equity (ROE) among peers: 8.01%
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 | $461.50 Million |
| Shaanxi Jinye Science Technology and Education Group Co Ltd (000812) | $1.41 Billion | 1.93% | 0.73x | $402.69 Million |
| Tungkong Inc (002117) | $1.52 Billion | 15.29% | 0.47x | $529.56 Million |
| Eternal Asia Supply Chain Management Ltd (002183) | $8.65 Billion | 6.88% | 4.46x | $1.44 Billion |
| Hongbo Co Ltd (002229) | $545.17 Million | 9.04% | 0.28x | $658.90 Million |
| Beijing Shengtong Printing Co Ltd (002599) | $582.82 Million | 3.28% | 0.70x | $451.71 Million |
| Shanghai Nar Industrial Co Ltd (002825) | $153.94 Million | 28.39% | 0.61x | $399.32 Million |
| Xuchang Ketop Testing Research Ins (003008) | $214.64 Million | 46.13% | 0.24x | $270.13 Million |
| Centre Testing Intl Shenzhen (300012) | $5.67 Billion | 15.91% | 0.38x | $3.87 Billion |
| Suzhou Electrical Apparatus Sci (300215) | $1.34 Billion | 12.78% | 1.00x | $597.41 Million |
| Trust Alliance Information Development Inc Ltd Shanghai (300469) | $267.75 Million | -59.54% | 2.56x | $1.78 Billion |
About 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.