Traffic Control Technology Co Ltd (688015) - Net Assets
Based on the latest financial reports, Traffic Control Technology Co Ltd (688015) has net assets worth CN¥2.91 Billion CNY (≈ $425.84 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥6.58 Billion ≈ $963.16 Million USD) and total liabilities (CN¥3.67 Billion ≈ $537.31 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 688015 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.91 Billion |
| % of Total Assets | 44.21% |
| Annual Growth Rate | 28.08% |
| 5-Year Change | 21.55% |
| 10-Year Change | N/A |
| Growth Volatility | 52.6 |
Traffic Control Technology Co Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Traffic Control Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See 688015 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Traffic Control Technology Co Ltd (2016–2025)
The table below shows the annual net assets of Traffic Control Technology Co Ltd from 2016 to 2025. For live valuation and market cap data, see 688015 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.87 Billion ≈ $420.67 Million |
+5.26% |
| 2024-12-31 | CN¥2.73 Billion ≈ $399.64 Million |
+3.90% |
| 2023-12-31 | CN¥2.63 Billion ≈ $384.63 Million |
+2.83% |
| 2022-12-31 | CN¥2.56 Billion ≈ $374.05 Million |
+8.08% |
| 2021-12-31 | CN¥2.37 Billion ≈ $346.08 Million |
+79.31% |
| 2020-12-31 | CN¥1.32 Billion ≈ $193.01 Million |
+20.59% |
| 2019-12-31 | CN¥1.09 Billion ≈ $160.06 Million |
+170.08% |
| 2018-12-31 | CN¥404.99 Million ≈ $59.26 Million |
+17.39% |
| 2017-12-31 | CN¥345.00 Million ≈ $50.48 Million |
+11.33% |
| 2016-12-31 | CN¥309.89 Million ≈ $45.35 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Traffic Control Technology 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 1149.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥911.14 Million | 34.22% |
| Common Stock | CN¥188.68 Million | 7.09% |
| Other Components | CN¥1.56 Billion | 58.69% |
| Total Equity | CN¥2.66 Billion | 100.00% |
Traffic Control Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Traffic Control Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fenerbahce Futbol AS
IS:FENER
|
$460.55 Million |
|
Canada Goose Holdings Inc
TO:GOOS
|
$460.59 Million |
|
Hunan Mendale Hometextile Co Ltd
SHE:002397
|
$460.67 Million |
|
St Barbara Limited
F:BM1
|
$460.69 Million |
|
Mekonomen AB
ST:MEKO
|
$460.43 Million |
|
Shanghai ZJ Bio-Tech Co. Ltd. A
SHG:688317
|
$460.30 Million |
|
Claritev Corporation
NYSE:CTEV
|
$460.29 Million |
|
Qianjiang Yongan Pharmaceutical Co Ltd
SHE:002365
|
$460.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Traffic Control Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,552,134,657 to 2,662,633,075, a change of 110,498,418 (4.3%).
- Net income of 155,551,200 contributed positively to equity growth.
- Dividend payments of 45,408,417 reduced retained earnings.
- Other comprehensive income decreased equity by 109,196,348.
- Other factors increased equity by 109,551,983.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥155.55 Million | +5.84% |
| Dividends Paid | CN¥45.41 Million | -1.71% |
| Other Comprehensive Income | CN¥-109.20 Million | -4.1% |
| Other Changes | CN¥109.55 Million | +4.11% |
| Total Change | CN¥- | 4.33% |
Book Value vs Market Value Analysis
This analysis compares Traffic Control Technology 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: 1.19x
- 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 6.41x to 1.19x 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¥2.60 | CN¥16.68 | x |
| 2017-12-31 | CN¥2.84 | CN¥16.68 | x |
| 2018-12-31 | CN¥3.31 | CN¥16.68 | x |
| 2019-12-31 | CN¥7.92 | CN¥16.68 | x |
| 2020-12-31 | CN¥8.04 | CN¥16.68 | x |
| 2021-12-31 | CN¥13.63 | CN¥16.68 | x |
| 2022-12-31 | CN¥12.96 | CN¥16.68 | x |
| 2023-12-31 | CN¥13.16 | CN¥16.68 | x |
| 2024-12-31 | CN¥13.44 | CN¥16.68 | x |
| 2025-12-31 | CN¥14.04 | CN¥16.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Traffic Control Technology 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): 5.84%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.13%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 2.49x
- Recent ROE (5.84%) is below the historical average (11.17%), 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 | 17.30% | 6.06% | 0.66x | 4.30x | CN¥22.66 Million |
| 2017 | 13.02% | 5.10% | 0.59x | 4.33x | CN¥10.41 Million |
| 2018 | 16.63% | 5.71% | 0.55x | 5.26x | CN¥26.48 Million |
| 2019 | 11.75% | 7.71% | 0.47x | 3.28x | CN¥18.93 Million |
| 2020 | 18.29% | 11.69% | 0.47x | 3.36x | CN¥107.32 Million |
| 2021 | 12.70% | 11.27% | 0.49x | 2.31x | CN¥61.79 Million |
| 2022 | 9.34% | 9.30% | 0.44x | 2.28x | CN¥-16.30 Million |
| 2023 | 3.57% | 4.46% | 0.35x | 2.29x | CN¥-160.14 Million |
| 2024 | 3.27% | 3.82% | 0.35x | 2.43x | CN¥-171.64 Million |
| 2025 | 5.84% | 6.13% | 0.38x | 2.49x | CN¥-110.71 Million |
Industry Comparison
This section compares Traffic Control Technology Co Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,668,860,588
- Average return on equity (ROE) among peers: -18.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Traffic Control Technology Co Ltd (688015) | CN¥2.91 Billion | 17.30% | 1.26x | $460.53 Million |
| ZTE Corp (000063) | $42.55 Million | 189.70% | 2.42x | $22.33 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $2.88 Billion | 11.20% | 1.46x | $2.73 Billion |
| Addsino Co Ltd (000547) | $5.57 Billion | 3.88% | 0.24x | $4.61 Billion |
| Sichuan Huiyuan Optical Com (000586) | $260.80 Million | 1.16% | 1.11x | $431.95 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $1.39 Billion | -102.15% | 5.62x | $401.25 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $178.59 Million | 6.04% | 0.38x | $1.72 Billion |
| Skyworth Digital Co Ltd (000810) | $4.56 Billion | 9.25% | 1.46x | $2.07 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $820.93 Million | -279.00% | 4.69x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $870.26 Million | -47.89% | 2.43x | $930.39 Million |
| Sunwave Communications Co Ltd (002115) | $112.36 Million | 24.04% | 1.27x | $1.39 Billion |
About Traffic Control Technology Co Ltd
Traffic Control Technology Co., Ltd. provides rail transit solutions. The company offers train operation control system based on communication, interconnected CBTC system, fully automatic operation system, train control system based on vehicle-vehicle communication, intelligent train passenger service system, urban rail transit cloud platform, and intelligent train obstacle detection system. It a… Read more