Beijing Tongyizhong New Material Technology Corp (688722) - Net Assets
Based on the latest financial reports, Beijing Tongyizhong New Material Technology Corp (688722) has net assets worth CN¥1.58 Billion CNY (≈ $230.55 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.08 Billion ≈ $303.99 Million USD) and total liabilities (CN¥501.82 Million ≈ $73.43 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 688722 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.58 Billion |
| % of Total Assets | 75.84% |
| Annual Growth Rate | 29.53% |
| 5-Year Change | 57.42% |
| 10-Year Change | N/A |
| Growth Volatility | 60.16 |
Beijing Tongyizhong New Material Technology Corp - Net Assets Trend (2017–2025)
This chart illustrates how Beijing Tongyizhong New Material Technology Corp's net assets have evolved over time, based on quarterly financial data. Also explore 688722 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Beijing Tongyizhong New Material Technology Corp (2017–2025)
The table below shows the annual net assets of Beijing Tongyizhong New Material Technology Corp from 2017 to 2025. For live valuation and market cap data, see 688722 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.58 Billion ≈ $230.55 Million |
+11.10% |
| 2024-12-31 | CN¥1.42 Billion ≈ $207.52 Million |
+8.95% |
| 2023-12-31 | CN¥1.30 Billion ≈ $190.48 Million |
+4.68% |
| 2022-12-31 | CN¥1.24 Billion ≈ $181.97 Million |
+24.25% |
| 2021-12-31 | CN¥1.00 Billion ≈ $146.45 Million |
+38.82% |
| 2020-12-31 | CN¥720.96 Million ≈ $105.50 Million |
+0.46% |
| 2019-12-31 | CN¥717.65 Million ≈ $105.01 Million |
+194.32% |
| 2018-12-31 | CN¥243.83 Million ≈ $35.68 Million |
+22.62% |
| 2017-12-31 | CN¥198.86 Million ≈ $29.10 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Beijing Tongyizhong New Material Technology 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 463.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥488.74 Million | 34.18% |
| Other Components | CN¥941.19 Million | 65.82% |
| Total Equity | CN¥1.43 Billion | 100.00% |
Beijing Tongyizhong New Material Technology Corp Competitors by Market Cap
The table below lists competitors of Beijing Tongyizhong New Material Technology Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ChinaEtek Service & Technology Co. Ltd.
SHE:301208
|
$597.21 Million |
|
CorMedix Inc
NASDAQ:CRMD
|
$597.22 Million |
|
Shandong Keyuan Pharmaceutical Co. Ltd. A
SHE:301281
|
$597.24 Million |
|
Matas A/S
CO:MATAS
|
$597.33 Million |
|
TPI POLENE POWER
BK:TPIPP-R
|
$596.95 Million |
|
International Tower Hill Mines Ltd
TO:ITH
|
$596.80 Million |
|
Sichuan Shengda Forestry Industry Co Ltd
SHE:002259
|
$596.68 Million |
|
YaGuang Technology Group Co Ltd
SHE:300123
|
$596.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Beijing Tongyizhong New Material Technology Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,341,130,595 to 1,429,937,539, a change of 88,806,944 (6.6%).
- Net income of 109,598,800 contributed positively to equity growth.
- Dividend payments of 21,481,390 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥109.60 Million | +7.66% |
| Dividends Paid | CN¥21.48 Million | -1.5% |
| Other Changes | CN¥689.53K | +0.05% |
| Total Change | CN¥- | 6.62% |
Book Value vs Market Value Analysis
This analysis compares Beijing Tongyizhong New Material Technology 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: 2.84x
- 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 7.35x to 2.84x 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¥2.47 | CN¥18.16 | x |
| 2018-12-31 | CN¥3.04 | CN¥18.16 | x |
| 2019-12-31 | CN¥8.93 | CN¥18.16 | x |
| 2020-12-31 | CN¥4.31 | CN¥18.16 | x |
| 2021-12-31 | CN¥5.72 | CN¥18.16 | x |
| 2022-12-31 | CN¥5.21 | CN¥18.16 | x |
| 2023-12-31 | CN¥5.44 | CN¥18.16 | x |
| 2024-12-31 | CN¥5.97 | CN¥18.16 | x |
| 2025-12-31 | CN¥6.39 | CN¥18.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Beijing Tongyizhong New Material Technology 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): 7.66%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.22%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.45x
- Recent ROE (7.66%) is below the historical average (11.47%), 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 | 20.65% | 14.75% | 0.85x | 1.65x | CN¥21.17 Million |
| 2018 | 18.44% | 15.40% | 0.73x | 1.64x | CN¥20.59 Million |
| 2019 | 6.50% | 15.47% | 0.37x | 1.13x | CN¥-25.15 Million |
| 2020 | 7.90% | 20.12% | 0.35x | 1.11x | CN¥-15.17 Million |
| 2021 | 5.25% | 15.87% | 0.30x | 1.09x | CN¥-47.56 Million |
| 2022 | 14.59% | 27.80% | 0.41x | 1.27x | CN¥53.90 Million |
| 2023 | 12.49% | 23.99% | 0.44x | 1.18x | CN¥30.68 Million |
| 2024 | 9.71% | 20.05% | 0.41x | 1.17x | CN¥-3.92 Million |
| 2025 | 7.66% | 11.22% | 0.47x | 1.45x | CN¥-33.39 Million |
Industry Comparison
This section compares Beijing Tongyizhong New Material Technology Corp's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $2,474,351,262
- Average return on equity (ROE) among peers: 3.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beijing Tongyizhong New Material Technology Corp (688722) | CN¥1.58 Billion | 20.65% | 0.32x | $597.02 Million |
| Shenzhen Textile Holdings Co Ltd (000045) | $3.46 Billion | -0.66% | 0.34x | $803.19 Million |
| Shijiazhuang Changshan Textile Co Ltd (000158) | $1.19 Billion | 7.88% | 0.59x | $4.02 Billion |
| Jilin Chemical Fibre Co Ltd (000420) | $288.96 Million | 0.00% | 1.67x | $1.84 Billion |
| Lu Thai Textile Co Ltd (000726) | $7.78 Billion | 10.82% | 0.31x | $566.63 Million |
| Anhui Huamao Textile Co Ltd (000850) | $4.54 Billion | -4.05% | 0.61x | $626.92 Million |
| Xinxiang Chemical Fiber Co Ltd (000949) | $1.73 Billion | 1.75% | 1.49x | $1.96 Billion |
| Xinlong Holding Group Co Ltd (000955) | $755.81 Million | 6.01% | 0.76x | $409.68 Million |
| Huafu Top Dyed Melange Yarn Co Ltd (002042) | $284.04 Million | 2.07% | 1.02x | $1.23 Billion |
| Sunvim Group Co Ltd (002083) | $2.85 Billion | 4.73% | 1.59x | $1.57 Billion |
| Hongda High-Tech Holding Co Ltd (002144) | $1.86 Billion | 3.48% | 0.12x | $368.59 Million |
About Beijing Tongyizhong New Material Technology Corp
Beijing Tongyizhong New Material Technology Corporation engages in the research and development, production, and sale of ultra-high molecular weight polyethylene fibers and composite materials in China and internationally. The company offers ultra-high molecular weight polyethylene fibers for ropes/nets, gloves, ballistics, cut-resistant, fishing lines, and pre-dyed; as well as soft and hard ball… Read more