Tianneng Battery Group Co Ltd
Tianneng Battery Group Co., Ltd. researches, develops, produces, and sells electric special vehicle and new energy vehicle power batteries, automotive start-stop batteries, energy storage batteries, 3C batteries, backup batteries, and fuel cells in China and internationally. The company offers lead-acid battery, such as traction, energy storage, and SLI battery; lithium-ion battery, including lit… Read more
Tianneng Battery Group Co Ltd (688819) - Net Assets
Latest net assets as of September 2025: CN¥17.16 Billion CNY
Based on the latest financial reports, Tianneng Battery Group Co Ltd (688819) has net assets worth CN¥17.16 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¥45.15 Billion) and total liabilities (CN¥27.99 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¥17.16 Billion |
| % of Total Assets | 38.01% |
| Annual Growth Rate | 18.99% |
| 5-Year Change | 127.64% |
| 10-Year Change | 401.26% |
| Growth Volatility | 21.53 |
Tianneng Battery Group Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Tianneng Battery Group Co 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 Tianneng Battery Group Co Ltd (2008–2024)
The table below shows the annual net assets of Tianneng Battery Group Co Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥16.23 Billion | +3.89% |
| 2023-12-31 | CN¥15.62 Billion | +10.98% |
| 2022-12-31 | CN¥14.07 Billion | +10.47% |
| 2021-12-31 | CN¥12.74 Billion | +78.72% |
| 2020-12-31 | CN¥7.13 Billion | +33.46% |
| 2019-12-31 | CN¥5.34 Billion | +32.15% |
| 2018-12-31 | CN¥4.04 Billion | -9.23% |
| 2017-12-31 | CN¥4.45 Billion | +24.70% |
| 2016-12-31 | CN¥3.57 Billion | +10.31% |
| 2015-12-31 | CN¥3.24 Billion | +24.15% |
| 2014-12-31 | CN¥2.61 Billion | -10.82% |
| 2013-12-31 | CN¥2.92 Billion | +4.16% |
| 2012-12-31 | CN¥2.81 Billion | +17.86% |
| 2011-12-31 | CN¥2.38 Billion | +22.42% |
| 2010-12-31 | CN¥1.95 Billion | +28.48% |
| 2009-12-31 | CN¥1.51 Billion | +50.73% |
| 2008-12-31 | CN¥1.00 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tianneng Battery Group 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 1852.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥8.99 Billion | 56.59% |
| Common Stock | CN¥972.10 Million | 6.12% |
| Other Comprehensive Income | CN¥578.76 Million | 3.64% |
| Other Components | CN¥5.35 Billion | 33.65% |
| Total Equity | CN¥15.89 Billion | 100.00% |
Tianneng Battery Group Co Ltd Competitors by Market Cap
The table below lists competitors of Tianneng Battery Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kiatnakin Bank Public Company. Ltd
OTCGREY:KNFSF
|
$822.43 Million |
|
Cyient Limited
NSE:CYIENT
|
$822.46 Million |
|
Zhengzhou GL Tech Co Ltd
SHE:300480
|
$822.61 Million |
|
Tianrun Crankshaft Co Ltd
SHE:002283
|
$822.90 Million |
|
Axis Real Estate Investment Trust
KLSE:5106
|
$821.80 Million |
|
Suzhou Good-Ark Electronics Co Ltd
SHE:002079
|
$821.43 Million |
|
Beijing Philisense Tech
SHE:300287
|
$821.39 Million |
|
Qurient Co. Ltd
KQ:115180
|
$821.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tianneng Battery Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,421,459,000 to 15,889,109,096, a change of 467,650,096 (3.0%).
- Net income of 1,554,512,152 contributed positively to equity growth.
- Dividend payments of 631,868,161 reduced retained earnings.
- Other comprehensive income decreased equity by 80,802,089.
- Other factors decreased equity by 374,191,806.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.55 Billion | +9.78% |
| Dividends Paid | CN¥631.87 Million | -3.98% |
| Other Comprehensive Income | CN¥-80.80 Million | -0.51% |
| Other Changes | CN¥-374.19 Million | -2.36% |
| Total Change | CN¥- | 3.03% |
Book Value vs Market Value Analysis
This analysis compares Tianneng Battery Group 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: 2.12x
- 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 8.82x to 2.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥3.93 | CN¥34.69 | x |
| 2015-12-31 | CN¥4.97 | CN¥34.69 | x |
| 2016-12-31 | CN¥4.08 | CN¥34.69 | x |
| 2017-12-31 | CN¥5.20 | CN¥34.69 | x |
| 2018-12-31 | CN¥4.84 | CN¥34.69 | x |
| 2019-12-31 | CN¥5.09 | CN¥34.69 | x |
| 2020-12-31 | CN¥6.93 | CN¥34.69 | x |
| 2021-12-31 | CN¥12.62 | CN¥34.69 | x |
| 2022-12-31 | CN¥14.07 | CN¥34.69 | x |
| 2023-12-31 | CN¥15.86 | CN¥34.69 | x |
| 2024-12-31 | CN¥16.36 | CN¥34.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tianneng Battery Group 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): 9.78%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.45%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 2.79x
- Recent ROE (9.78%) is below the historical average (19.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 17.36% | 11.55% | 1.06x | 1.42x | CN¥111.43 Million |
| 2010 | 19.15% | 9.33% | 1.27x | 1.62x | CN¥168.15 Million |
| 2011 | 26.66% | 10.96% | 1.20x | 2.03x | CN¥374.78 Million |
| 2012 | 26.51% | 6.82% | 1.36x | 2.86x | CN¥421.93 Million |
| 2013 | 5.57% | 1.09% | 1.75x | 2.92x | CN¥-118.49 Million |
| 2014 | -11.29% | -1.94% | 1.63x | 3.57x | CN¥-515.00 Million |
| 2015 | 21.18% | 3.62% | 1.71x | 3.43x | CN¥341.74 Million |
| 2016 | 25.81% | 3.79% | 1.78x | 3.82x | CN¥515.66 Million |
| 2017 | 28.83% | 4.28% | 1.85x | 3.64x | CN¥779.80 Million |
| 2018 | 31.62% | 3.39% | 2.15x | 4.34x | CN¥832.32 Million |
| 2019 | 30.16% | 3.49% | 2.38x | 3.63x | CN¥997.17 Million |
| 2020 | 33.83% | 6.50% | 1.79x | 2.91x | CN¥1.61 Billion |
| 2021 | 11.16% | 3.54% | 1.45x | 2.17x | CN¥142.17 Million |
| 2022 | 13.95% | 4.56% | 1.29x | 2.37x | CN¥540.62 Million |
| 2023 | 14.94% | 4.83% | 1.33x | 2.32x | CN¥762.36 Million |
| 2024 | 9.78% | 3.45% | 1.02x | 2.79x | CN¥-34.40 Million |
Industry Comparison
This section compares Tianneng Battery Group Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,751,605,266
- Average return on equity (ROE) among peers: 3.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tianneng Battery Group Co Ltd (688819) | CN¥17.16 Billion | 17.36% | 1.63x | $821.98 Million |
| FAWER Automotive Parts Ltd Co (000030) | $-1.65 Million | 0.00% | 0.00x | $362.53 Million |
| Wanxiang Qianchao Co Ltd (000559) | $5.46 Billion | 13.23% | 1.21x | $2.57 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $3.49 Billion | -7.43% | 2.21x | $811.92 Million |
| Qingdao Doublestar Co Ltd (000599) | $1.56 Billion | 1.77% | 2.12x | $455.37 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $-104.62 Million | 0.00% | 0.00x | $7.81 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $351.71 Million | 3.10% | 0.97x | $643.46 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $2.38 Billion | 4.32% | 2.30x | $956.75 Million |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $546.55 Million | 2.75% | 0.63x | $234.35 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $13.03 Billion | 9.60% | 0.85x | $2.06 Billion |
| Aerospace Hi-Tech Holding Group Co Ltd (000901) | $805.42 Million | 8.72% | 0.32x | $1.67 Billion |