Sichuan Tianwei Electronic Co Ltd (688511) - Net Assets
Based on the latest financial reports, Sichuan Tianwei Electronic Co Ltd (688511) has net assets worth CN¥859.13 Million CNY (≈ $125.72 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¥968.11 Million ≈ $141.67 Million USD) and total liabilities (CN¥108.99 Million ≈ $15.95 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 688511 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥859.13 Million |
| % of Total Assets | 88.74% |
| Annual Growth Rate | 42.64% |
| 5-Year Change | 268.45% |
| 10-Year Change | N/A |
| Growth Volatility | 95.45 |
Sichuan Tianwei Electronic Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Sichuan Tianwei Electronic Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 688511 asset base for the complete picture of this company's asset base.
Annual Net Assets for Sichuan Tianwei Electronic Co Ltd (2017–2024)
The table below shows the annual net assets of Sichuan Tianwei Electronic Co Ltd from 2017 to 2024. For live valuation and market cap data, see 688511 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥808.97 Million ≈ $118.38 Million |
-5.04% |
| 2023-12-31 | CN¥851.87 Million ≈ $124.66 Million |
+7.00% |
| 2022-12-31 | CN¥796.16 Million ≈ $116.50 Million |
-5.52% |
| 2021-12-31 | CN¥842.64 Million ≈ $123.31 Million |
+283.79% |
| 2020-12-31 | CN¥219.56 Million ≈ $32.13 Million |
+61.11% |
| 2019-12-31 | CN¥136.28 Million ≈ $19.94 Million |
+77.13% |
| 2018-12-31 | CN¥76.94 Million ≈ $11.26 Million |
+14.30% |
| 2017-12-31 | CN¥67.31 Million ≈ $9.85 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sichuan Tianwei Electronic 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 613.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥147.03 Million | 18.17% |
| Common Stock | CN¥103.89 Million | 12.84% |
| Other Comprehensive Income | CN¥1.88 Million | 0.23% |
| Other Components | CN¥556.17 Million | 68.75% |
| Total Equity | CN¥808.97 Million | 100.00% |
Sichuan Tianwei Electronic Co Ltd Competitors by Market Cap
The table below lists competitors of Sichuan Tianwei Electronic Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Keybridge Communications Co Ltd
SHE:002316
|
$318.69 Million |
|
TECHPOINT INC. JDR/1
F:R46
|
$318.93 Million |
|
Quess Corp Limited
NSE:QUESS
|
$318.97 Million |
|
8x8 Inc Common Stock
NASDAQ:EGHT
|
$319.04 Million |
|
BIG TECHNOLOGIES LS-10
F:7I8
|
$318.53 Million |
|
Orion Engineered Carbons SA
F:0OE
|
$318.41 Million |
|
Myer Holdings Ltd
AU:MYR
|
$318.40 Million |
|
Shenzhen Auto Electric Power Plant Co Ltd
SHE:002227
|
$318.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sichuan Tianwei Electronic Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 851,869,694 to 808,967,287, a change of -42,902,407 (-5.0%).
- Net loss of 29,157,333 reduced equity.
- Dividend payments of 29,662,258 reduced retained earnings.
- Other comprehensive income increased equity by 1,054,383.
- Other factors increased equity by 14,862,801.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-29.16 Million | -3.6% |
| Dividends Paid | CN¥29.66 Million | -3.67% |
| Other Comprehensive Income | CN¥1.05 Million | +0.13% |
| Other Changes | CN¥14.86 Million | +1.84% |
| Total Change | CN¥- | -5.04% |
Book Value vs Market Value Analysis
This analysis compares Sichuan Tianwei Electronic 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: 2.68x
- 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 17.80x to 2.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥1.19 | CN¥21.17 | x |
| 2018-12-31 | CN¥1.36 | CN¥21.17 | x |
| 2019-12-31 | CN¥2.34 | CN¥21.17 | x |
| 2020-12-31 | CN¥3.66 | CN¥21.17 | x |
| 2021-12-31 | CN¥10.53 | CN¥21.17 | x |
| 2022-12-31 | CN¥10.12 | CN¥21.17 | x |
| 2023-12-31 | CN¥8.34 | CN¥21.17 | x |
| 2024-12-31 | CN¥7.89 | CN¥21.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sichuan Tianwei Electronic 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): -3.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -37.50%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.15x
- Recent ROE (-3.60%) is below the historical average (14.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 1.47% | 4.09% | 0.21x | 1.72x | CN¥-5.74 Million |
| 2018 | 12.51% | 22.63% | 0.22x | 2.47x | CN¥1.93 Million |
| 2019 | 33.08% | 29.73% | 0.55x | 2.02x | CN¥31.46 Million |
| 2020 | 51.34% | 47.99% | 0.66x | 1.62x | CN¥90.77 Million |
| 2021 | 13.59% | 55.05% | 0.22x | 1.13x | CN¥30.28 Million |
| 2022 | 5.64% | 40.56% | 0.13x | 1.10x | CN¥-34.69 Million |
| 2023 | 5.83% | 35.38% | 0.15x | 1.12x | CN¥-35.48 Million |
| 2024 | -3.60% | -37.50% | 0.08x | 1.15x | CN¥-110.05 Million |
Industry Comparison
This section compares Sichuan Tianwei Electronic Co Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $3,902,939,037
- Average return on equity (ROE) among peers: 1.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sichuan Tianwei Electronic Co Ltd (688511) | CN¥859.13 Million | 1.47% | 0.13x | $318.55 Million |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $738.32 Million | 10.95% | 0.40x | $1.30 Billion |
| Aecc Aero Engine Control Co Ltd (000738) | $431.62 Million | -51.07% | 1.07x | $3.99 Billion |
| AVIC Aircraft Co Ltd (000768) | $21.02 Billion | 4.87% | 2.51x | $9.56 Billion |
| Sichuan Haite High-tech Co Ltd (002023) | $133.27 Million | 20.72% | 0.75x | $1.37 Billion |
| Aerospace CH UAV Co Ltd (002389) | $3.39 Billion | 2.95% | 0.09x | $3.17 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $8.23 Billion | 4.58% | 0.12x | $12.35 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $1.48 Billion | 0.96% | 0.66x | $527.52 Million |
| Chengdu Tianjian Technology Co Ltd (002977) | $1.07 Billion | 6.83% | 0.26x | $476.52 Million |
| Beijing Bei Mo Gao Ke Friction Mate (002985) | $910.30 Million | 16.48% | 0.19x | $1.73 Billion |
| Shaanxi Zhongtian Rocket Technology (003009) | $1.63 Billion | 1.20% | 0.91x | $1.37 Billion |
About Sichuan Tianwei Electronic Co Ltd
Sichuan Tianwei Electronic Co.,Ltd. engages in production and sale of high-speed automatic fire suppression and explosion suppression systems, high-energy aviation ignition discharge devices, and high-precision fuse devices in China. The company's products are used in weapons, aviation, aerospace, shipbuilding, electronics, and other sectors, as well as coal, mines, energy, electric power, and du… Read more