Jiangsu Tongli Risheng Machinery Co. Ltd. (605286) - Net Assets
Based on the latest financial reports, Jiangsu Tongli Risheng Machinery Co. Ltd. (605286) has net assets worth CN¥2.58 Billion CNY (≈ $377.97 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¥5.31 Billion ≈ $776.33 Million USD) and total liabilities (CN¥2.72 Billion ≈ $398.36 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 605286 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.58 Billion |
| % of Total Assets | 48.69% |
| Annual Growth Rate | 27.26% |
| 5-Year Change | 212.16% |
| 10-Year Change | N/A |
| Growth Volatility | 28.52 |
Jiangsu Tongli Risheng Machinery Co. Ltd. - Net Assets Trend (2016–2024)
This chart illustrates how Jiangsu Tongli Risheng Machinery Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Jiangsu Tongli Risheng Machinery Co. Ltd for the complete picture of this company's asset base.
Annual Net Assets for Jiangsu Tongli Risheng Machinery Co. Ltd. (2016–2024)
The table below shows the annual net assets of Jiangsu Tongli Risheng Machinery Co. Ltd. from 2016 to 2024. For live valuation and market cap data, see market cap of Jiangsu Tongli Risheng Machinery Co. Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.35 Billion ≈ $344.03 Million |
+14.56% |
| 2023-12-31 | CN¥2.05 Billion ≈ $300.31 Million |
+10.99% |
| 2022-12-31 | CN¥1.85 Billion ≈ $270.56 Million |
+25.43% |
| 2021-12-31 | CN¥1.47 Billion ≈ $215.71 Million |
+95.73% |
| 2020-12-31 | CN¥753.14 Million ≈ $110.21 Million |
+24.32% |
| 2019-12-31 | CN¥605.81 Million ≈ $88.65 Million |
+23.28% |
| 2018-12-31 | CN¥491.40 Million ≈ $71.91 Million |
+49.02% |
| 2017-12-31 | CN¥329.76 Million ≈ $48.25 Million |
-3.54% |
| 2016-12-31 | CN¥341.85 Million ≈ $50.02 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Tongli Risheng Machinery 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 315.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥988.95 Million | 50.07% |
| Common Stock | CN¥168.00 Million | 8.51% |
| Other Comprehensive Income | CN¥65.67 Million | 3.32% |
| Other Components | CN¥752.54 Million | 38.10% |
| Total Equity | CN¥1.98 Billion | 100.00% |
Jiangsu Tongli Risheng Machinery Co. Ltd. Competitors by Market Cap
The table below lists competitors of Jiangsu Tongli Risheng Machinery Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Aladdin Biochemical Technology Co. Ltd. A
SHG:688179
|
$1.02 Billion |
|
Empresas Lipigas S.A.
SN:LIPIGAS
|
$1.03 Billion |
|
Nanjing Red Sun Co Ltd
SHE:000525
|
$1.03 Billion |
|
Uroica Mining Safety Eng
SHE:300099
|
$1.03 Billion |
|
Star Cement Limited
NSE:STARCEMENT
|
$1.02 Billion |
|
Supalai Public Company Limited
BK:SPALI-R
|
$1.02 Billion |
|
Heritage Financial Corporation
NASDAQ:HFWA
|
$1.02 Billion |
|
Bichamp Cutting Technology Hunan Co Ltd
SHE:002843
|
$1.02 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Tongli Risheng Machinery Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,805,726,047 to 1,975,167,769, a change of 169,441,722 (9.4%).
- Net income of 246,420,826 contributed positively to equity growth.
- Dividend payments of 90,030,215 reduced retained earnings.
- Share repurchases of 138,720,000 reduced equity.
- Other comprehensive income increased equity by 24,009,804.
- Other factors increased equity by 127,761,307.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥246.42 Million | +12.48% |
| Dividends Paid | CN¥90.03 Million | -4.56% |
| Share Repurchases | CN¥138.72 Million | -7.02% |
| Other Comprehensive Income | CN¥24.01 Million | +1.22% |
| Other Changes | CN¥127.76 Million | +6.47% |
| Total Change | CN¥- | 9.38% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Tongli Risheng Machinery 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: 3.66x
- 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 14.59x to 3.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥2.86 | CN¥41.68 | x |
| 2017-12-31 | CN¥2.75 | CN¥41.68 | x |
| 2018-12-31 | CN¥4.08 | CN¥41.68 | x |
| 2019-12-31 | CN¥4.82 | CN¥41.68 | x |
| 2020-12-31 | CN¥6.00 | CN¥41.68 | x |
| 2021-12-31 | CN¥9.20 | CN¥41.68 | x |
| 2022-12-31 | CN¥9.65 | CN¥41.68 | x |
| 2023-12-31 | CN¥10.23 | CN¥41.68 | x |
| 2024-12-31 | CN¥11.38 | CN¥41.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Tongli Risheng Machinery 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): 12.48%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.76%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 2.32x
- Recent ROE (12.48%) is below the historical average (18.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 29.40% | 9.11% | 1.23x | 2.63x | CN¥66.31 Million |
| 2017 | 28.04% | 7.61% | 1.29x | 2.85x | CN¥59.47 Million |
| 2018 | 23.80% | 8.42% | 1.53x | 1.84x | CN¥67.83 Million |
| 2019 | 18.88% | 7.57% | 1.49x | 1.68x | CN¥53.81 Million |
| 2020 | 19.51% | 8.40% | 1.53x | 1.52x | CN¥71.63 Million |
| 2021 | 10.22% | 6.56% | 1.15x | 1.36x | CN¥3.28 Million |
| 2022 | 8.91% | 5.88% | 0.84x | 1.80x | CN¥-17.70 Million |
| 2023 | 12.03% | 8.92% | 0.66x | 2.05x | CN¥36.57 Million |
| 2024 | 12.48% | 9.76% | 0.55x | 2.32x | CN¥48.90 Million |
Industry Comparison
This section compares Jiangsu Tongli Risheng Machinery Co. Ltd.'s net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $2,206,877,606
- Average return on equity (ROE) among peers: 6.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Tongli Risheng Machinery Co. Ltd. (605286) | CN¥2.58 Billion | 29.40% | 1.05x | $1.02 Billion |
| China International Marine Containers Group Ltd (000039) | $8.33 Billion | 28.67% | 1.03x | $4.50 Billion |
| Xinjiang Hejin Holding Co Ltd (000633) | $160.61 Million | -26.29% | 0.37x | $384.89 Million |
| Guangdong Jingyi Metal Co Ltd (002295) | $1.07 Billion | 0.86% | 0.44x | $410.37 Million |
| Shanghai Xinpeng Industry Co Ltd (002328) | $329.96 Million | 28.81% | 0.69x | $1.20 Billion |
| Beijing Lier High Temperature Materials Co Ltd (002392) | $3.45 Billion | 9.66% | 0.50x | $1.73 Billion |
| Suzhou Victory Precision Manufacture Co Ltd (002426) | $1.29 Billion | 10.75% | 0.38x | $1.90 Billion |
| Dajin Heavy Industry Corp (002487) | $1.51 Billion | 2.42% | 0.28x | $8.04 Billion |
| Jiangsu Boamax Technologies Group Co Ltd (002514) | $860.67 Million | 4.61% | 0.86x | $340.32 Million |
| Guangzheng Group Co Ltd (002524) | $1.03 Billion | 0.15% | 0.92x | $334.06 Million |
| Anhui Honglu Steel Construction Group Co Ltd (002541) | $4.03 Billion | 5.20% | 1.12x | $1.96 Billion |
About Jiangsu Tongli Risheng Machinery Co. Ltd.
Jiangsu Tongli Tianqi Technology Co., Ltd. researches, develops, produces, and sells elevator components in China and internationally. The company provides escalator parts, including skirts, covers, glass supports, balustrades, handrail, etc.; drive systems, such as drive assemblies, stairway guide rails, handrail guide rails, etc.; escalator trusses; elevator metal materials; and various other p… Read more