Thinkon Semiconductor Jinzhou Corp
Thinkon Semiconductor Jinzhou Corp., together with its subsidiaries, engages in the research, development, production, and sale of monocrystalline silicon products for integrated circuit etching in China and internationally. The company offers silicon ingots, cylinders, plates, rings, wafers, rods, tubes, platters, and other silicon components. It exports its products in Japan, South Korea, and t… Read more
Thinkon Semiconductor Jinzhou Corp (688233) - Net Assets
Latest net assets as of September 2025: CN¥1.92 Billion CNY
Based on the latest financial reports, Thinkon Semiconductor Jinzhou Corp (688233) has net assets worth CN¥1.92 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¥2.07 Billion) and total liabilities (CN¥149.24 Million). 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¥1.92 Billion |
| % of Total Assets | 92.79% |
| Annual Growth Rate | 45.41% |
| 5-Year Change | 52.6% |
| 10-Year Change | N/A |
| Growth Volatility | 75.83 |
Thinkon Semiconductor Jinzhou Corp - Net Assets Trend (2016–2024)
This chart illustrates how Thinkon Semiconductor Jinzhou Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Thinkon Semiconductor Jinzhou Corp (2016–2024)
The table below shows the annual net assets of Thinkon Semiconductor Jinzhou Corp from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.85 Billion | +2.06% |
| 2023-12-31 | CN¥1.81 Billion | +12.29% |
| 2022-12-31 | CN¥1.61 Billion | +14.11% |
| 2021-12-31 | CN¥1.41 Billion | +16.70% |
| 2020-12-31 | CN¥1.21 Billion | +235.97% |
| 2019-12-31 | CN¥360.70 Million | +7.88% |
| 2018-12-31 | CN¥334.35 Million | +110.91% |
| 2017-12-31 | CN¥158.53 Million | +71.31% |
| 2016-12-31 | CN¥92.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thinkon Semiconductor Jinzhou Corp'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 2732.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥375.59 Million | 20.95% |
| Common Stock | CN¥170.31 Million | 9.50% |
| Other Comprehensive Income | CN¥66.49 Million | 3.71% |
| Other Components | CN¥1.18 Billion | 65.84% |
| Total Equity | CN¥1.79 Billion | 100.00% |
Thinkon Semiconductor Jinzhou Corp Competitors by Market Cap
The table below lists competitors of Thinkon Semiconductor Jinzhou Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Miracle Automation Engineering
SHE:002009
|
$998.92 Million |
|
Centerspace
NYSE:CSR
|
$998.97 Million |
|
Robertet SA
PINK:RBTEF
|
$999.28 Million |
|
REalloys Inc.
NASDAQ:ALOY
|
$999.45 Million |
|
NLC India Limited
NSE:NLCINDIA
|
$997.91 Million |
|
American Assets Trust Inc
NYSE:AAT
|
$997.50 Million |
|
Credito Emiliano S.p.A
F:EAO
|
$997.36 Million |
|
China Marine Information Electronics Co Ltd
SHG:600764
|
$997.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thinkon Semiconductor Jinzhou Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,761,794,579 to 1,792,961,454, a change of 31,166,875 (1.8%).
- Net income of 41,150,752 contributed positively to equity growth.
- Share repurchases of 10,036,737 reduced equity.
- Other comprehensive income increased equity by 66,476,298.
- Other factors decreased equity by 66,423,438.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥41.15 Million | +2.3% |
| Share Repurchases | CN¥10.04 Million | -0.56% |
| Other Comprehensive Income | CN¥66.48 Million | +3.71% |
| Other Changes | CN¥-66.42 Million | -3.7% |
| Total Change | CN¥- | 1.77% |
Book Value vs Market Value Analysis
This analysis compares Thinkon Semiconductor Jinzhou Corp'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: 7.19x
- 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 41.93x to 7.19x 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¥1.82 | CN¥76.17 | x |
| 2017-12-31 | CN¥3.04 | CN¥76.17 | x |
| 2018-12-31 | CN¥2.82 | CN¥76.17 | x |
| 2019-12-31 | CN¥3.28 | CN¥76.17 | x |
| 2020-12-31 | CN¥7.57 | CN¥76.17 | x |
| 2021-12-31 | CN¥8.84 | CN¥76.17 | x |
| 2022-12-31 | CN¥9.83 | CN¥76.17 | x |
| 2023-12-31 | CN¥10.96 | CN¥76.17 | x |
| 2024-12-31 | CN¥10.59 | CN¥76.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thinkon Semiconductor Jinzhou Corp 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): 2.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.59%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.11x
- Recent ROE (2.30%) is below the historical average (14.00%), 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 | 11.56% | 24.20% | 0.45x | 1.05x | CN¥1.44 Million |
| 2017 | 28.92% | 36.27% | 0.72x | 1.11x | CN¥30.00 Million |
| 2018 | 31.88% | 37.72% | 0.78x | 1.08x | CN¥73.14 Million |
| 2019 | 21.33% | 40.80% | 0.49x | 1.07x | CN¥40.88 Million |
| 2020 | 8.27% | 52.20% | 0.14x | 1.11x | CN¥-20.91 Million |
| 2021 | 15.63% | 43.89% | 0.34x | 1.05x | CN¥79.58 Million |
| 2022 | 10.05% | 29.33% | 0.31x | 1.12x | CN¥814.99K |
| 2023 | -3.92% | -51.18% | 0.07x | 1.10x | CN¥-245.29 Million |
| 2024 | 2.30% | 13.59% | 0.15x | 1.11x | CN¥-138.15 Million |
Industry Comparison
This section compares Thinkon Semiconductor Jinzhou Corp's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $20,570,804,952
- Average return on equity (ROE) among peers: 8.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thinkon Semiconductor Jinzhou Corp (688233) | CN¥1.92 Billion | 11.56% | 0.08x | $998.86 Million |
| TCL Corp (000100) | $132.14 Billion | 0.20% | 1.72x | $11.00 Billion |
| Inner Mongolia Ojing Science & Technology Co. Ltd. A (001269) | $470.47 Million | 28.36% | 1.12x | $193.39 Million |
| TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) | $47.06 Billion | 14.49% | 1.32x | $3.68 Billion |
| TongFu Microelectronics Co Ltd (002156) | $222.39 Million | 16.98% | 3.34x | $6.97 Billion |
| Tianshui Huatian Technology Co Ltd (002185) | $19.12 Billion | 1.18% | 0.76x | $4.61 Billion |
| NAURA Technology Group Co Ltd (002371) | $3.36 Billion | 2.76% | 0.94x | $23.27 Billion |
| Jiangsu Yoke Technology Co Ltd (002409) | $1.25 Billion | 6.30% | 0.11x | $3.07 Billion |
| Guangdong Huafeng New Energy Technology Co Ltd (002806) | $1.01 Billion | 8.50% | 1.05x | $204.60 Million |
| Zhejiang Mtcn Technology Co Ltd (003026) | $44.34 Million | 1.04% | 0.46x | $308.98 Million |
| Hubei Tech Semiconductors Co (300046) | $1.03 Billion | 4.28% | 0.07x | $823.72 Million |