Shareate Tools Ltd
Shareate Tools Ltd. manufactures and sells cemented carbide products and drilling tools in China and internationally. The company offers mining tri-cone drill bit and water well bits; DTH hammer and bit; horizontal directional drilling products; core barrel roller bit; raise bore tools; and top hammer drilling tools. It also provides mining tungsten carbide products, including tungsten carbide bu… Read more
Shareate Tools Ltd (688257) - Net Assets
Latest net assets as of September 2025: CN¥2.57 Billion CNY
Based on the latest financial reports, Shareate Tools Ltd (688257) has net assets worth CN¥2.57 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¥4.72 Billion) and total liabilities (CN¥2.15 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¥2.57 Billion |
| % of Total Assets | 54.37% |
| Annual Growth Rate | 31.07% |
| 5-Year Change | 345.45% |
| 10-Year Change | 1354.64% |
| Growth Volatility | 72.36 |
Shareate Tools Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Shareate Tools 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 Shareate Tools Ltd (2013–2024)
The table below shows the annual net assets of Shareate Tools Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.46 Billion | +7.00% |
| 2023-12-31 | CN¥2.30 Billion | +2.27% |
| 2022-12-31 | CN¥2.25 Billion | +10.80% |
| 2021-12-31 | CN¥2.03 Billion | +267.37% |
| 2020-12-31 | CN¥553.02 Million | +32.58% |
| 2019-12-31 | CN¥417.12 Million | +12.39% |
| 2018-12-31 | CN¥371.15 Million | +16.53% |
| 2017-12-31 | CN¥318.49 Million | +36.44% |
| 2016-12-31 | CN¥233.43 Million | +37.84% |
| 2015-12-31 | CN¥169.35 Million | +20.79% |
| 2014-12-31 | CN¥140.21 Million | +11.64% |
| 2013-12-31 | CN¥125.59 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shareate Tools 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 1798.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥708.11 Million | 32.19% |
| Common Stock | CN¥180.95 Million | 8.23% |
| Other Components | CN¥1.31 Billion | 59.58% |
| Total Equity | CN¥2.20 Billion | 100.00% |
Shareate Tools Ltd Competitors by Market Cap
The table below lists competitors of Shareate Tools Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fortior Technology (Shenzhen) Co. Ltd. A
SHG:688279
|
$1.47 Billion |
|
Guangdong Dtech Technology Co. Ltd. A
SHE:301377
|
$1.47 Billion |
|
Hilltop Holdings Inc
NYSE:HTH
|
$1.47 Billion |
|
Hubei Xinyangfeng Fertilizer Co Ltd
SHE:000902
|
$1.47 Billion |
|
IV62
F:IV62
|
$1.47 Billion |
|
TPG Telecom Limited
PINK:TPGTF
|
$1.47 Billion |
|
United Internet AG
PINK:UDIRF
|
$1.47 Billion |
|
Inter Cars S.A.
WAR:CAR
|
$1.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shareate Tools Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,104,766,193 to 2,199,671,292, a change of 94,905,099 (4.5%).
- Net income of 180,733,804 contributed positively to equity growth.
- Dividend payments of 70,952,095 reduced retained earnings.
- Share repurchases of 11,258,781 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥180.73 Million | +8.22% |
| Dividends Paid | CN¥70.95 Million | -3.23% |
| Share Repurchases | CN¥11.26 Million | -0.51% |
| Other Changes | CN¥-3.62 Million | -0.16% |
| Total Change | CN¥- | 4.51% |
Book Value vs Market Value Analysis
This analysis compares Shareate Tools 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: 6.17x
- 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 50.83x to 6.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥1.49 | CN¥75.99 | x |
| 2014-12-31 | CN¥1.67 | CN¥75.99 | x |
| 2015-12-31 | CN¥2.80 | CN¥75.99 | x |
| 2016-12-31 | CN¥3.42 | CN¥75.99 | x |
| 2017-12-31 | CN¥3.15 | CN¥75.99 | x |
| 2018-12-31 | CN¥3.41 | CN¥75.99 | x |
| 2019-12-31 | CN¥2.88 | CN¥75.99 | x |
| 2020-12-31 | CN¥5.55 | CN¥75.99 | x |
| 2021-12-31 | CN¥15.32 | CN¥75.99 | x |
| 2022-12-31 | CN¥15.80 | CN¥75.99 | x |
| 2023-12-31 | CN¥16.37 | CN¥75.99 | x |
| 2024-12-31 | CN¥12.31 | CN¥75.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shareate Tools 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): 8.22%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.71%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.83x
- Recent ROE (8.22%) is below the historical average (14.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 20.82% | 7.20% | 1.16x | 2.50x | CN¥13.59 Million |
| 2014 | 14.81% | 6.68% | 0.96x | 2.31x | CN¥6.74 Million |
| 2015 | 16.06% | 9.89% | 0.86x | 1.89x | CN¥10.16 Million |
| 2016 | 15.90% | 10.47% | 0.64x | 2.38x | CN¥12.26 Million |
| 2017 | 11.99% | 6.20% | 0.83x | 2.33x | CN¥5.51 Million |
| 2018 | 20.25% | 9.97% | 0.94x | 2.16x | CN¥32.31 Million |
| 2019 | 20.39% | 11.00% | 0.79x | 2.36x | CN¥38.90 Million |
| 2020 | 22.12% | 15.60% | 0.74x | 1.92x | CN¥62.40 Million |
| 2021 | 6.85% | 15.25% | 0.34x | 1.33x | CN¥-62.61 Million |
| 2022 | 7.16% | 12.41% | 0.38x | 1.53x | CN¥-58.34 Million |
| 2023 | 7.74% | 10.52% | 0.45x | 1.65x | CN¥-47.49 Million |
| 2024 | 8.22% | 9.71% | 0.46x | 1.83x | CN¥-39.23 Million |
Industry Comparison
This section compares Shareate Tools Ltd's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $1,647,842,907
- Average return on equity (ROE) among peers: 12.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shareate Tools Ltd (688257) | CN¥2.57 Billion | 20.82% | 0.84x | $1.47 Billion |
| Shandong Tengda Fasten Tech (001379) | $1.46 Billion | 5.24% | 0.48x | $185.77 Million |
| Bosun Tools Co Ltd (002282) | $213.66 Million | 25.32% | 0.75x | $216.27 Million |
| Ningbo Ligong Online Monitoring Technology Co Ltd (002322) | $856.94 Million | 8.88% | 0.04x | $386.64 Million |
| Tianjin Saixiang Technology Co Ltd (002337) | $1.31 Billion | 0.60% | 0.21x | $318.26 Million |
| Hangzhou Great Star Industrial Co Ltd (002444) | $3.97 Billion | 12.23% | 0.37x | $2.93 Billion |
| Guangdong Kinlong Hardware Products Co Ltd (002791) | $5.03 Billion | 17.69% | 0.98x | $427.79 Million |
| Shenzhen Kaizhong Precision Technology Co Ltd (002823) | $142.16 Million | 30.39% | 1.69x | $357.28 Million |
| Bichamp Cutting Technology Hunan Co Ltd (002843) | $610.40 Million | 8.30% | 0.14x | $432.29 Million |
| Wafangdian Bearing Co Ltd (200706) | $931.76 Million | 11.83% | 0.98x | $24.70 Million |
| Beijing Dinghan Tech Co (300011) | $1.96 Billion | 2.18% | 0.85x | $428.69 Million |