Qingdao Doublestar Co Ltd (000599) - Net Assets
Based on the latest financial reports, Qingdao Doublestar Co Ltd (000599) has net assets worth CN¥1.47 Billion CNY (≈ $215.16 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¥9.23 Billion ≈ $1.35 Billion USD) and total liabilities (CN¥7.76 Billion ≈ $1.13 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 Qingdao Doublestar Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.47 Billion |
| % of Total Assets | 15.94% |
| Annual Growth Rate | 14.0% |
| 5-Year Change | -50.91% |
| 10-Year Change | -33.39% |
| Growth Volatility | 40.5 |
Qingdao Doublestar Co Ltd - Net Assets Trend (1993–2024)
This chart illustrates how Qingdao Doublestar Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Qingdao Doublestar Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Qingdao Doublestar Co Ltd (1993–2024)
The table below shows the annual net assets of Qingdao Doublestar Co Ltd from 1993 to 2024. For live valuation and market cap data, see 000599 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.73 Billion ≈ $252.90 Million |
-17.04% |
| 2023-12-31 | CN¥2.08 Billion ≈ $304.83 Million |
-12.59% |
| 2022-12-31 | CN¥2.38 Billion ≈ $348.71 Million |
-23.88% |
| 2021-12-31 | CN¥3.13 Billion ≈ $458.08 Million |
-11.08% |
| 2020-12-31 | CN¥3.52 Billion ≈ $515.17 Million |
-3.11% |
| 2019-12-31 | CN¥3.63 Billion ≈ $531.68 Million |
-5.67% |
| 2018-12-31 | CN¥3.85 Billion ≈ $563.64 Million |
+37.23% |
| 2017-12-31 | CN¥2.81 Billion ≈ $410.72 Million |
+3.95% |
| 2016-12-31 | CN¥2.70 Billion ≈ $395.10 Million |
+4.06% |
| 2015-12-31 | CN¥2.59 Billion ≈ $379.69 Million |
+3.66% |
| 2014-12-31 | CN¥2.50 Billion ≈ $366.27 Million |
+60.52% |
| 2013-12-31 | CN¥1.56 Billion ≈ $228.18 Million |
+1.53% |
| 2012-12-31 | CN¥1.54 Billion ≈ $224.75 Million |
+1.39% |
| 2011-12-31 | CN¥1.51 Billion ≈ $221.67 Million |
+2.44% |
| 2010-12-31 | CN¥1.48 Billion ≈ $216.39 Million |
+2.44% |
| 2009-12-31 | CN¥1.44 Billion ≈ $211.24 Million |
+22.85% |
| 2008-12-31 | CN¥1.18 Billion ≈ $171.95 Million |
+3.37% |
| 2007-12-31 | CN¥1.14 Billion ≈ $166.35 Million |
+11.20% |
| 2006-12-31 | CN¥1.02 Billion ≈ $149.60 Million |
+3.74% |
| 2005-12-31 | CN¥985.40 Million ≈ $144.20 Million |
+21.02% |
| 2004-12-31 | CN¥814.28 Million ≈ $119.15 Million |
+5.34% |
| 2003-12-31 | CN¥772.99 Million ≈ $113.11 Million |
+9.14% |
| 2002-12-31 | CN¥708.25 Million ≈ $103.64 Million |
+5.48% |
| 2001-12-31 | CN¥671.47 Million ≈ $98.26 Million |
+42.95% |
| 2000-12-31 | CN¥469.71 Million ≈ $68.73 Million |
+5.47% |
| 1999-12-31 | CN¥445.35 Million ≈ $65.17 Million |
+8.42% |
| 1998-12-31 | CN¥410.75 Million ≈ $60.11 Million |
+10.99% |
| 1997-12-31 | CN¥370.10 Million ≈ $54.16 Million |
+25.62% |
| 1996-12-31 | CN¥294.61 Million ≈ $43.11 Million |
+180.50% |
| 1995-12-31 | CN¥105.03 Million ≈ $15.37 Million |
+56.92% |
| 1994-12-31 | CN¥66.93 Million ≈ $9.79 Million |
+125.20% |
| 1993-12-31 | CN¥29.72 Million ≈ $4.35 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Qingdao Doublestar 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 decreased by 15197.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥816.76 Million | 51.20% |
| Other Comprehensive Income | CN¥144.48 Million | 9.06% |
| Other Components | CN¥1.62 Billion | 101.66% |
| Total Equity | CN¥1.60 Billion | 100.00% |
Qingdao Doublestar Co Ltd Competitors by Market Cap
The table below lists competitors of Qingdao Doublestar Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Obsidian Energy Ltd
TO:OBE
|
$712.77 Million |
|
Viaplay Group AB (publ)
ST:VPLAY-B
|
$712.87 Million |
|
Shanghai Hollywave Electronic System Co. Ltd. A
SHG:688682
|
$713.07 Million |
|
Guangdong Green Precision Components Co. Ltd.
SHE:300968
|
$713.18 Million |
|
Galaxy Surfactants Limited
NSE:GALAXYSURF
|
$712.11 Million |
|
H&R Century Union Corp
SHE:000892
|
$712.00 Million |
|
Zhejiang Xinneng Photovoltaic Technology Co Ltd
SHG:603105
|
$711.92 Million |
|
Amos Luzon Development and Energy Group Ltd
TA:LUZN
|
$711.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qingdao Doublestar Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,134,427,000 to 1,595,334,000, a change of -539,093,000 (-25.3%).
- Net loss of 355,828,458 reduced equity.
- Dividend payments of 146,955,554 reduced retained earnings.
- Other comprehensive income increased equity by 85,072,832.
- Other factors decreased equity by 121,381,820.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-355.83 Million | -22.3% |
| Dividends Paid | CN¥146.96 Million | -9.21% |
| Other Comprehensive Income | CN¥85.07 Million | +5.33% |
| Other Changes | CN¥-121.38 Million | -7.61% |
| Total Change | CN¥- | -25.26% |
Book Value vs Market Value Analysis
This analysis compares Qingdao Doublestar 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: 3.05x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 99.24x to 3.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | CN¥0.06 | CN¥5.96 | x |
| 1994-12-31 | CN¥0.13 | CN¥5.96 | x |
| 1995-12-31 | CN¥0.22 | CN¥5.96 | x |
| 1996-12-31 | CN¥0.64 | CN¥5.96 | x |
| 1997-12-31 | CN¥0.81 | CN¥5.96 | x |
| 1998-12-31 | CN¥0.87 | CN¥5.96 | x |
| 1999-12-31 | CN¥0.98 | CN¥5.96 | x |
| 2000-12-31 | CN¥0.94 | CN¥5.96 | x |
| 2001-12-31 | CN¥1.48 | CN¥5.96 | x |
| 2002-12-31 | CN¥1.60 | CN¥5.96 | x |
| 2003-12-31 | CN¥1.72 | CN¥5.96 | x |
| 2004-12-31 | CN¥1.81 | CN¥5.96 | x |
| 2005-12-31 | CN¥2.20 | CN¥5.96 | x |
| 2006-12-31 | CN¥2.36 | CN¥5.96 | x |
| 2007-12-31 | CN¥2.52 | CN¥5.96 | x |
| 2008-12-31 | CN¥2.36 | CN¥5.96 | x |
| 2009-12-31 | CN¥2.74 | CN¥5.96 | x |
| 2010-12-31 | CN¥2.83 | CN¥5.96 | x |
| 2011-12-31 | CN¥2.93 | CN¥5.96 | x |
| 2012-12-31 | CN¥2.92 | CN¥5.96 | x |
| 2013-12-31 | CN¥2.82 | CN¥5.96 | x |
| 2014-12-31 | CN¥4.72 | CN¥5.96 | x |
| 2015-12-31 | CN¥3.75 | CN¥5.96 | x |
| 2016-12-31 | CN¥3.88 | CN¥5.96 | x |
| 2017-12-31 | CN¥4.03 | CN¥5.96 | x |
| 2018-12-31 | CN¥4.00 | CN¥5.96 | x |
| 2019-12-31 | CN¥4.15 | CN¥5.96 | x |
| 2020-12-31 | CN¥4.07 | CN¥5.96 | x |
| 2021-12-31 | CN¥3.63 | CN¥5.96 | x |
| 2022-12-31 | CN¥2.93 | CN¥5.96 | x |
| 2023-12-31 | CN¥2.67 | CN¥5.96 | x |
| 2024-12-31 | CN¥1.95 | CN¥5.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qingdao Doublestar 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): -22.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.21%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 5.71x
- Recent ROE (-22.30%) is below the historical average (5.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 45.50% | 12.17% | 1.31x | 2.86x | CN¥9.47 Million |
| 1994 | 60.06% | 23.02% | 1.32x | 1.97x | CN¥29.80 Million |
| 1995 | 37.68% | 15.25% | 1.11x | 2.22x | CN¥26.91 Million |
| 1996 | 14.20% | 18.26% | 0.62x | 1.25x | CN¥12.00 Million |
| 1997 | 11.13% | 14.93% | 0.59x | 1.27x | CN¥4.08 Million |
| 1998 | 10.72% | 16.56% | 0.52x | 1.25x | CN¥2.78 Million |
| 1999 | 11.10% | 15.94% | 0.56x | 1.24x | CN¥4.78 Million |
| 2000 | 7.13% | 5.38% | 0.58x | 2.27x | CN¥-12.01 Million |
| 2001 | 7.95% | 4.57% | 0.70x | 2.48x | CN¥-13.56 Million |
| 2002 | 7.63% | 4.00% | 0.86x | 2.22x | CN¥-16.87 Million |
| 2003 | 7.01% | 3.23% | 0.80x | 2.72x | CN¥-22.92 Million |
| 2004 | 5.09% | 1.77% | 0.93x | 3.10x | CN¥-39.57 Million |
| 2005 | 6.32% | 2.00% | 1.16x | 2.74x | CN¥-36.07 Million |
| 2006 | 3.90% | 1.26% | 1.12x | 2.75x | CN¥-62.19 Million |
| 2007 | 7.95% | 2.04% | 1.19x | 3.29x | CN¥-22.94 Million |
| 2008 | -27.95% | -7.54% | 1.10x | 3.38x | CN¥-444.36 Million |
| 2009 | 18.59% | 6.36% | 0.97x | 3.00x | CN¥123.56 Million |
| 2010 | 2.47% | 0.63% | 1.23x | 3.19x | CN¥-111.05 Million |
| 2011 | 2.39% | 0.57% | 1.28x | 3.25x | CN¥-114.98 Million |
| 2012 | 1.37% | 0.36% | 1.23x | 3.14x | CN¥-132.18 Million |
| 2013 | 1.78% | 0.52% | 1.08x | 3.12x | CN¥-128.19 Million |
| 2014 | 2.33% | 1.46% | 0.79x | 2.03x | CN¥-191.27 Million |
| 2015 | 2.40% | 2.05% | 0.51x | 2.31x | CN¥-193.90 Million |
| 2016 | 3.61% | 1.93% | 0.68x | 2.74x | CN¥-168.73 Million |
| 2017 | 3.97% | 2.73% | 0.48x | 3.04x | CN¥-166.02 Million |
| 2018 | 0.75% | 0.73% | 0.42x | 2.44x | CN¥-339.47 Million |
| 2019 | -9.19% | -7.55% | 0.42x | 2.92x | CN¥-650.48 Million |
| 2020 | -2.17% | -1.63% | 0.44x | 3.02x | CN¥-405.00 Million |
| 2021 | -13.31% | -10.06% | 0.36x | 3.66x | CN¥-691.47 Million |
| 2022 | -28.91% | -17.69% | 0.40x | 4.12x | CN¥-931.19 Million |
| 2023 | -8.25% | -3.78% | 0.48x | 4.58x | CN¥-389.59 Million |
| 2024 | -22.30% | -8.21% | 0.48x | 5.71x | CN¥-515.36 Million |
Industry Comparison
This section compares Qingdao Doublestar Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,815,173,487
- Average return on equity (ROE) among peers: 8.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qingdao Doublestar Co Ltd (000599) | CN¥1.47 Billion | 45.50% | 5.27x | $712.32 Million |
| FAWER Automotive Parts Ltd Co (000030) | $8.51 Billion | 9.89% | 0.75x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $9.35 Billion | 10.17% | 1.39x | $7.81 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $2.63 Billion | 8.78% | 0.95x | $2.27 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $798.46 Million | 1.49% | 1.70x | $1.14 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $262.35 Million | 3.86% | 0.64x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.05 Billion | -7.53% | 1.24x | $782.86 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $941.64 Million | 8.22% | 0.72x | $1.62 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $1.65 Billion | 8.43% | 0.86x | $381.19 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $146.05 Million | 29.40% | 2.09x | $3.35 Billion |
About Qingdao Doublestar Co Ltd
Qingdao Doublestar Co.,Ltd engages in manufacturing and sales of tires in China and internationally. The company was founded in 1921 and is headquartered in Qingdao, China.