Beijing Tianyishangjia New Material Corp Ltd
Beijing Tianyishangjia New Material Corp., Ltd. manufactures and sells braking systems for high-speed trains, EMUs, locomotives, and urban rail transit vehicles in China and internationally. It offers Carbon deflectors, powder metallurgy brakes, carbon ceramic coated discs, and magnetic material carbon ceramic box bowl. The company was founded in 2009 and is headquartered in Beijing, China.
Beijing Tianyishangjia New Material Corp Ltd (688033) - Net Assets
Latest net assets as of September 2025: CN¥3.35 Billion CNY
Based on the latest financial reports, Beijing Tianyishangjia New Material Corp Ltd (688033) has net assets worth CN¥3.35 Billion 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¥5.84 Billion) and total liabilities (CN¥2.48 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¥3.35 Billion |
| % of Total Assets | 57.43% |
| Annual Growth Rate | 17.95% |
| 5-Year Change | 54.52% |
| 10-Year Change | N/A |
| Growth Volatility | 41.81 |
Beijing Tianyishangjia New Material Corp Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Beijing Tianyishangjia New Material Corp 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 Beijing Tianyishangjia New Material Corp Ltd (2016–2024)
The table below shows the annual net assets of Beijing Tianyishangjia New Material Corp Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.73 Billion | -29.96% |
| 2023-12-31 | CN¥5.32 Billion | +2.88% |
| 2022-12-31 | CN¥5.17 Billion | +95.61% |
| 2021-12-31 | CN¥2.64 Billion | +9.63% |
| 2020-12-31 | CN¥2.41 Billion | +2.94% |
| 2019-12-31 | CN¥2.34 Billion | +90.49% |
| 2018-12-31 | CN¥1.23 Billion | +18.88% |
| 2017-12-31 | CN¥1.03 Billion | +4.00% |
| 2016-12-31 | CN¥994.97 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Beijing Tianyishangjia New Material Corp 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 decreased by 462.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥562.20 Million | 15.33% |
| Other Comprehensive Income | CN¥160.30 Million | 4.37% |
| Other Components | CN¥3.44 Billion | 93.79% |
| Total Equity | CN¥3.67 Billion | 100.00% |
Beijing Tianyishangjia New Material Corp Ltd Competitors by Market Cap
The table below lists competitors of Beijing Tianyishangjia New Material Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Three Squirrels
SHE:300783
|
$548.09 Million |
|
Odontoprev S.A
SA:ODPV3
|
$548.11 Million |
|
Xiamen Port Development Co Ltd
SHE:000905
|
$548.17 Million |
|
Raffles Medical Group Ltd
F:02M1
|
$548.22 Million |
|
Europower Enerji ve Otomasyon Teknolojileri Sanayi Ticaret A.S.
IS:EUPWR
|
$547.62 Million |
|
Yulon Finance Corp
TW:9941
|
$547.58 Million |
|
Wilh. Wilhelmsen
PINK:WLHSF
|
$547.34 Million |
|
MIPS AB
ST:MIPS
|
$547.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Beijing Tianyishangjia New Material Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,224,783,447 to 3,667,934,028, a change of -1,556,849,419 (-29.8%).
- Net loss of 1,495,333,297 reduced equity.
- Dividend payments of 63,087,137 reduced retained earnings.
- Other comprehensive income decreased equity by 15,120,099.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-1.50 Billion | -40.77% |
| Dividends Paid | CN¥63.09 Million | -1.72% |
| Other Comprehensive Income | CN¥-15.12 Million | -0.41% |
| Other Changes | CN¥16.69 Million | +0.46% |
| Total Change | CN¥- | -29.80% |
Book Value vs Market Value Analysis
This analysis compares Beijing Tianyishangjia New Material Corp 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: 1.53x
- 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 4.06x to 1.53x 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¥2.47 | CN¥10.00 | x |
| 2017-12-31 | CN¥2.56 | CN¥10.00 | x |
| 2018-12-31 | CN¥3.09 | CN¥10.00 | x |
| 2019-12-31 | CN¥5.22 | CN¥10.00 | x |
| 2020-12-31 | CN¥5.39 | CN¥10.00 | x |
| 2021-12-31 | CN¥5.76 | CN¥10.00 | x |
| 2022-12-31 | CN¥10.56 | CN¥10.00 | x |
| 2023-12-31 | CN¥9.07 | CN¥10.00 | x |
| 2024-12-31 | CN¥6.53 | CN¥10.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Beijing Tianyishangjia New Material Corp 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): -40.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -195.97%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.76x
- Recent ROE (-40.77%) is below the historical average (5.66%), 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 | 19.55% | 41.53% | 0.44x | 1.07x | CN¥95.05 Million |
| 2017 | 21.45% | 43.76% | 0.46x | 1.08x | CN¥118.46 Million |
| 2018 | 21.39% | 47.16% | 0.41x | 1.10x | CN¥140.10 Million |
| 2019 | 11.55% | 46.53% | 0.23x | 1.09x | CN¥36.39 Million |
| 2020 | 4.73% | 27.54% | 0.16x | 1.07x | CN¥-127.35 Million |
| 2021 | 6.76% | 26.07% | 0.20x | 1.29x | CN¥-83.71 Million |
| 2022 | 3.47% | 17.99% | 0.14x | 1.34x | CN¥-333.67 Million |
| 2023 | 2.76% | 6.82% | 0.24x | 1.67x | CN¥-378.46 Million |
| 2024 | -40.77% | -195.97% | 0.12x | 1.76x | CN¥-1.86 Billion |
Industry Comparison
This section compares Beijing Tianyishangjia New Material Corp Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,775,158,628
- Average return on equity (ROE) among peers: -19.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beijing Tianyishangjia New Material Corp Ltd (688033) | CN¥3.35 Billion | 19.55% | 0.74x | $547.67 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $390.80 Million | 1.64% | 0.47x | $289.82 Million |
| Hengyi Petrochemical Co Ltd (000703) | $246.42 Million | -7.64% | 1.62x | $1.44 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $472.56 Million | 10.49% | 1.13x | $361.89 Million |
| Luxi Chemical Group Co Ltd (000830) | $120.60 Million | 41.32% | 1.30x | $2.28 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $234.51 Million | -303.65% | 8.65x | $5.40 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $2.70 Billion | 10.47% | 0.21x | $884.45 Million |
| Cofco Biochemical Anhui Co Ltd (000930) | $11.76 Billion | 9.61% | 0.54x | $815.97 Million |
| Shandong Link Science and Technology Co Ltd (001207) | $441.43 Million | 14.99% | 1.14x | $330.19 Million |
| Zhejiang Bofay Elec Co Ltd (001255) | $742.80 Million | 1.78% | 0.61x | $169.49 Million |
| Guangdong Decro Film New (001378) | $647.89 Million | 29.53% | 0.22x | $241.78 Million |