Tianneng Battery Group Co Ltd (688819) - Net Assets
Based on the latest financial reports, Tianneng Battery Group Co Ltd (688819) has net assets worth CN¥17.37 Billion CNY (≈ $2.54 Billion 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¥44.52 Billion ≈ $6.52 Billion USD) and total liabilities (CN¥27.15 Billion ≈ $3.97 Billion 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 688819 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥17.37 Billion |
| % of Total Assets | 39.01% |
| Annual Growth Rate | 18.25% |
| 5-Year Change | 36.35% |
| 10-Year Change | 386.43% |
| Growth Volatility | 21.13 |
Tianneng Battery Group Co Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Tianneng Battery Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Tianneng Battery Group Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Tianneng Battery Group Co Ltd (2008–2025)
The table below shows the annual net assets of Tianneng Battery Group Co Ltd from 2008 to 2025. For live valuation and market cap data, see Tianneng Battery Group Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥17.37 Billion ≈ $2.54 Billion |
+7.05% |
| 2024-12-31 | CN¥16.23 Billion ≈ $2.37 Billion |
+3.89% |
| 2023-12-31 | CN¥15.62 Billion ≈ $2.29 Billion |
+10.98% |
| 2022-12-31 | CN¥14.07 Billion ≈ $2.06 Billion |
+10.47% |
| 2021-12-31 | CN¥12.74 Billion ≈ $1.86 Billion |
+78.72% |
| 2020-12-31 | CN¥7.13 Billion ≈ $1.04 Billion |
+33.46% |
| 2019-12-31 | CN¥5.34 Billion ≈ $781.54 Million |
+32.15% |
| 2018-12-31 | CN¥4.04 Billion ≈ $591.42 Million |
-9.23% |
| 2017-12-31 | CN¥4.45 Billion ≈ $651.59 Million |
+24.70% |
| 2016-12-31 | CN¥3.57 Billion ≈ $522.52 Million |
+10.31% |
| 2015-12-31 | CN¥3.24 Billion ≈ $473.69 Million |
+24.15% |
| 2014-12-31 | CN¥2.61 Billion ≈ $381.55 Million |
-10.82% |
| 2013-12-31 | CN¥2.92 Billion ≈ $427.84 Million |
+4.16% |
| 2012-12-31 | CN¥2.81 Billion ≈ $410.77 Million |
+17.86% |
| 2011-12-31 | CN¥2.38 Billion ≈ $348.51 Million |
+22.42% |
| 2010-12-31 | CN¥1.95 Billion ≈ $284.68 Million |
+28.48% |
| 2009-12-31 | CN¥1.51 Billion ≈ $221.58 Million |
+50.73% |
| 2008-12-31 | CN¥1.00 Billion ≈ $147.00 Million |
-- |
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 2111.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥10.18 Billion | 59.68% |
| Other Components | CN¥6.88 Billion | 40.32% |
| Total Equity | CN¥17.06 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 |
|---|---|
|
Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság
F:MGYB
|
$4.34 Billion |
|
ACI Worldwide Inc
NASDAQ:ACIW
|
$4.34 Billion |
|
VISTA ENERGY 1 A ADR/1
F:1CIA
|
$4.34 Billion |
|
CommScope Holding Co Inc
NASDAQ:COMM
|
$4.34 Billion |
|
Synnex Technology International Corp
TW:2347
|
$4.34 Billion |
|
Sotera Health Co
NASDAQ:SHC
|
$4.33 Billion |
|
AUTHUM INVESTMENT & INFRASTRUCTU ORD (BSE)
NSE:AIIL
|
$4.33 Billion |
|
LG Display Co Ltd
NYSE:LPL
|
$4.33 Billion |
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 2024 to 2025, total equity changed from 15,889,109,096 to 17,064,240,384, a change of 1,175,131,288 (7.4%).
- Net income of 1,590,629,600 contributed positively to equity growth.
- Dividend payments of 538,326,818 reduced retained earnings.
- Other comprehensive income decreased equity by 578,763,614.
- Other factors increased equity by 701,592,119.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.59 Billion | +9.32% |
| Dividends Paid | CN¥538.33 Million | -3.15% |
| Other Comprehensive Income | CN¥-578.76 Million | -3.39% |
| Other Changes | CN¥701.59 Million | +4.11% |
| Total Change | CN¥- | 7.40% |
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: 1.73x
- 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 7.75x to 1.73x 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¥30.48 | x |
| 2015-12-31 | CN¥4.97 | CN¥30.48 | x |
| 2016-12-31 | CN¥5.30 | CN¥30.48 | x |
| 2017-12-31 | CN¥6.74 | CN¥30.48 | x |
| 2018-12-31 | CN¥6.23 | CN¥30.48 | x |
| 2019-12-31 | CN¥5.97 | CN¥30.48 | x |
| 2020-12-31 | CN¥7.86 | CN¥30.48 | x |
| 2021-12-31 | CN¥12.73 | CN¥30.48 | x |
| 2022-12-31 | CN¥14.05 | CN¥30.48 | x |
| 2023-12-31 | CN¥15.86 | CN¥30.48 | x |
| 2024-12-31 | CN¥16.35 | CN¥30.48 | x |
| 2025-12-31 | CN¥17.59 | CN¥30.48 | 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): 9.32%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.47%
- • Asset Turnover: 1.03x
- • Equity Multiplier: 2.61x
- Recent ROE (9.32%) is below the historical average (18.50%), 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 |
| 2025 | 9.32% | 3.47% | 1.03x | 2.61x | CN¥-115.79 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: $2,118,573,594
- Average return on equity (ROE) among peers: 8.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tianneng Battery Group Co Ltd (688819) | CN¥17.37 Billion | 17.36% | 1.56x | $4.34 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $8.51 Billion | 9.89% | 0.75x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $4.12 Billion | 11.29% | 1.14x | $7.81 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $5.34 Billion | 22.56% | 0.48x | $2.27 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $1.00 Billion | 2.41% | 2.13x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $294.61 Million | 13.77% | 0.22x | $712.32 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $45.14 Million | 0.00% | 2.64x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.26 Billion | -4.75% | 1.19x | $782.86 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $891.72 Million | 4.95% | 2.78x | $1.62 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $-736.34 Million | 0.00% | 0.00x | $381.19 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $456.79 Million | 21.42% | 0.41x | $3.35 Billion |
About 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