Chongqing Taiji Industry(Group) Co.,Ltd

SHSE:600129 Stock Report

Market Cap: CN¥14.9b

Chongqing Taiji Industry(Group)Ltd Balance Sheet Health

Financial Health criteria checks 3/6

Chongqing Taiji Industry(Group)Ltd has a total shareholder equity of CN¥4.1B and total debt of CN¥4.7B, which brings its debt-to-equity ratio to 112.9%. Its total assets and total liabilities are CN¥14.3B and CN¥10.2B respectively. Chongqing Taiji Industry(Group)Ltd's EBIT is CN¥836.5M making its interest coverage ratio 6.4. It has cash and short-term investments of CN¥842.1M.

Key information

112.9%

Debt to equity ratio

CN¥4.66b

Debt

Interest coverage ratio6.4x
CashCN¥842.07m
EquityCN¥4.13b
Total liabilitiesCN¥10.21b
Total assetsCN¥14.33b

Recent financial health updates

These 4 Measures Indicate That Chongqing Taiji Industry(Group)Ltd (SHSE:600129) Is Using Debt Extensively

Nov 23
These 4 Measures Indicate That Chongqing Taiji Industry(Group)Ltd (SHSE:600129) Is Using Debt Extensively

Is Chongqing Taiji Industry(Group)Ltd (SHSE:600129) Using Too Much Debt?

Jul 03
Is Chongqing Taiji Industry(Group)Ltd (SHSE:600129) Using Too Much Debt?

Chongqing Taiji Industry(Group)Ltd (SHSE:600129) Has A Pretty Healthy Balance Sheet

Feb 28
Chongqing Taiji Industry(Group)Ltd (SHSE:600129) Has A Pretty Healthy Balance Sheet

Recent updates

These 4 Measures Indicate That Chongqing Taiji Industry(Group)Ltd (SHSE:600129) Is Using Debt Extensively

Nov 23
These 4 Measures Indicate That Chongqing Taiji Industry(Group)Ltd (SHSE:600129) Is Using Debt Extensively

Chongqing Taiji Industry(Group)Ltd's (SHSE:600129) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Nov 01
Chongqing Taiji Industry(Group)Ltd's (SHSE:600129) Sluggish Earnings Might Be Just The Beginning Of Its Problems

It's A Story Of Risk Vs Reward With Chongqing Taiji Industry(Group) Co.,Ltd (SHSE:600129)

Oct 05
It's A Story Of Risk Vs Reward With Chongqing Taiji Industry(Group) Co.,Ltd (SHSE:600129)

Take Care Before Jumping Onto Chongqing Taiji Industry(Group) Co.,Ltd (SHSE:600129) Even Though It's 27% Cheaper

Jul 04
Take Care Before Jumping Onto Chongqing Taiji Industry(Group) Co.,Ltd (SHSE:600129) Even Though It's 27% Cheaper

Is Chongqing Taiji Industry(Group)Ltd (SHSE:600129) Using Too Much Debt?

Jul 03
Is Chongqing Taiji Industry(Group)Ltd (SHSE:600129) Using Too Much Debt?

Investors Shouldn't Be Too Comfortable With Chongqing Taiji Industry(Group)Ltd's (SHSE:600129) Earnings

May 02
Investors Shouldn't Be Too Comfortable With Chongqing Taiji Industry(Group)Ltd's (SHSE:600129) Earnings

Is Chongqing Taiji Industry(Group) Co.,Ltd (SHSE:600129) Trading At A 33% Discount?

Mar 18
Is Chongqing Taiji Industry(Group) Co.,Ltd (SHSE:600129) Trading At A 33% Discount?

Chongqing Taiji Industry(Group)Ltd (SHSE:600129) Has A Pretty Healthy Balance Sheet

Feb 28
Chongqing Taiji Industry(Group)Ltd (SHSE:600129) Has A Pretty Healthy Balance Sheet

Financial Position Analysis

Short Term Liabilities: 600129's short term assets (CN¥7.3B) do not cover its short term liabilities (CN¥9.2B).

Long Term Liabilities: 600129's short term assets (CN¥7.3B) exceed its long term liabilities (CN¥997.2M).

Debt to Equity History and Analysis

Debt Level: 600129's net debt to equity ratio (92.5%) is considered high.

Reducing Debt: 600129's debt to equity ratio has reduced from 138.2% to 112.9% over the past 5 years.

Debt Coverage: 600129's debt is not well covered by operating cash flow (9.8%).

Interest Coverage: 600129's interest payments on its debt are well covered by EBIT (6.4x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 06:26
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Chongqing Taiji Industry(Group) Co.,Ltd is covered by 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Pei ChengChina Galaxy Securities Co., Ltd.
Feifei XuChina Merchants Securities Co. Ltd.
Yizhang ZhuCitic Securities Co., Ltd.