Qingdao Doublestar Co Ltd (000599) - Net Assets
Based on the latest financial reports, Qingdao Doublestar Co Ltd (000599) has net assets worth CN¥12.22 Billion CNY (≈ $1.79 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥36.19 Billion ≈ $5.30 Billion USD) and total liabilities (CN¥23.97 Billion ≈ $3.51 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 000599 strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥12.22 Billion |
| % of Total Assets | 33.76% |
| Annual Growth Rate | 12.62% |
| 5-Year Change | -57.38% |
| 10-Year Change | -50.58% |
| Growth Volatility | 40.51 |
Qingdao Doublestar Co Ltd - Net Assets Trend (1993–2025)
This chart illustrates how Qingdao Doublestar Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Qingdao Doublestar Co Ltd.
Annual Net Assets for Qingdao Doublestar Co Ltd (1993–2025)
The table below shows the annual net assets of Qingdao Doublestar Co Ltd from 1993 to 2025. Also explore Qingdao Doublestar Co Ltd annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.33 Billion ≈ $195.25 Million |
-22.79% |
| 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 |
-- |
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 20696.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥2.55 Billion | 212.40% |
| Total Equity | CN¥1.20 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 |
|---|---|
|
Planisware SAS
PA:PLNW
|
$1.61 Billion |
|
Gudeng Precision Industrial Co Ltd
TWO:3680
|
$1.61 Billion |
|
Shenzhen Changhong Tech
SHE:300151
|
$1.61 Billion |
|
Deterra Royalties Ltd
AU:DRR
|
$1.61 Billion |
|
NEXA RESOURCES S.A. DL 1
F:NE0
|
$1.61 Billion |
|
Xinhua Winshare Publishing and Media Co Ltd
SHG:601811
|
$1.61 Billion |
|
Anhui Andeli Department Store Co Ltd
SHG:603031
|
$1.61 Billion |
|
SRG Global Ltd
AU:SRG
|
$1.61 Billion |
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 2024 to 2025, total equity changed from 1,595,334,000 to 1,198,854,754, a change of -396,479,246 (-24.9%).
- Net loss of 359,732,842 reduced equity.
- Dividend payments of 122,341,323 reduced retained earnings.
- Other comprehensive income decreased equity by 144,482,832.
- Other factors increased equity by 230,077,751.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-359.73 Million | -30.01% |
| Dividends Paid | CN¥122.34 Million | -10.2% |
| Other Comprehensive Income | CN¥-144.48 Million | -12.05% |
| Other Changes | CN¥230.08 Million | +19.19% |
| Total Change | CN¥- | -24.85% |
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: 3.07x
- 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 75.10x to 3.07x 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¥4.51 | x |
| 1994-12-31 | CN¥0.13 | CN¥4.51 | x |
| 1995-12-31 | CN¥0.22 | CN¥4.51 | x |
| 1996-12-31 | CN¥0.64 | CN¥4.51 | x |
| 1997-12-31 | CN¥0.81 | CN¥4.51 | x |
| 1998-12-31 | CN¥0.87 | CN¥4.51 | x |
| 1999-12-31 | CN¥0.98 | CN¥4.51 | x |
| 2000-12-31 | CN¥0.94 | CN¥4.51 | x |
| 2001-12-31 | CN¥1.48 | CN¥4.51 | x |
| 2002-12-31 | CN¥1.60 | CN¥4.51 | x |
| 2003-12-31 | CN¥1.72 | CN¥4.51 | x |
| 2004-12-31 | CN¥1.81 | CN¥4.51 | x |
| 2005-12-31 | CN¥2.20 | CN¥4.51 | x |
| 2006-12-31 | CN¥2.36 | CN¥4.51 | x |
| 2007-12-31 | CN¥2.52 | CN¥4.51 | x |
| 2008-12-31 | CN¥2.36 | CN¥4.51 | x |
| 2009-12-31 | CN¥2.74 | CN¥4.51 | x |
| 2010-12-31 | CN¥2.83 | CN¥4.51 | x |
| 2011-12-31 | CN¥2.93 | CN¥4.51 | x |
| 2012-12-31 | CN¥2.92 | CN¥4.51 | x |
| 2013-12-31 | CN¥2.82 | CN¥4.51 | x |
| 2014-12-31 | CN¥4.72 | CN¥4.51 | x |
| 2015-12-31 | CN¥3.75 | CN¥4.51 | x |
| 2016-12-31 | CN¥3.88 | CN¥4.51 | x |
| 2017-12-31 | CN¥4.03 | CN¥4.51 | x |
| 2018-12-31 | CN¥4.00 | CN¥4.51 | x |
| 2019-12-31 | CN¥4.11 | CN¥4.51 | x |
| 2020-12-31 | CN¥4.27 | CN¥4.51 | x |
| 2021-12-31 | CN¥3.61 | CN¥4.51 | x |
| 2022-12-31 | CN¥2.94 | CN¥4.51 | x |
| 2023-12-31 | CN¥2.67 | CN¥4.51 | x |
| 2024-12-31 | CN¥1.97 | CN¥4.51 | x |
| 2025-12-31 | CN¥1.47 | CN¥4.51 | 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): -30.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.77%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 7.42x
- Recent ROE (-30.01%) is below the historical average (4.53%), 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 | -8.04% | -6.60% | 0.42x | 2.92x | CN¥-611.34 Million |
| 2020 | -0.94% | -0.71% | 0.44x | 3.02x | CN¥-363.91 Million |
| 2021 | -10.80% | -8.16% | 0.36x | 3.66x | CN¥-616.92 Million |
| 2022 | -25.15% | -15.39% | 0.40x | 4.12x | CN¥-841.27 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 |
| 2025 | -30.01% | -7.77% | 0.52x | 7.42x | CN¥-479.62 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: $2,789,036,297
- Average return on equity (ROE) among peers: 3.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qingdao Doublestar Co Ltd (000599) | CN¥12.22 Billion | 45.50% | 1.96x | $1.61 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $-1.72 Billion | 0.00% | 0.00x | $966.43 Million |
| Wanxiang Qianchao Co Ltd (000559) | $4.72 Billion | 17.65% | 1.44x | $5.35 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $2.53 Billion | 7.26% | 0.77x | $2.11 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $7.14 Billion | 11.65% | 1.47x | $964.56 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $254.11 Million | 0.00% | 0.71x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $399.73 Million | -23.04% | 1.03x | $602.61 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $2.75 Billion | 0.71% | 2.03x | $1.60 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $572.87 Million | 4.59% | 0.74x | $325.84 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $8.44 Billion | 13.21% | 0.91x | $3.76 Billion |
About Qingdao Doublestar Co Ltd
Qingdao Doublestar Co.,Ltd engages in manufacturing and sales of tires in China and internationally. The company offers passenger car tires, truck and bus tires, and giant mining tires under the NEWBUSTAR, CROSSLEADER, DOUBLESTAR, DONGFENG, and AOSEN brands. The company also offers rare earth gold tires, fully explosion-proof safety tires, ultra-wear-resistant tires, fire-resistant tires, and air… Read more