Ningxia Qinglong Pipes Industry Co Ltd (002457) - Net Assets
Based on the latest financial reports, Ningxia Qinglong Pipes Industry Co Ltd (002457) has net assets worth CN¥2.76 Billion CNY (≈ $404.21 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.65 Billion ≈ $680.30 Million USD) and total liabilities (CN¥1.89 Billion ≈ $276.08 Million 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 Ningxia Qinglong Pipes Industry Co Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.76 Billion |
| % of Total Assets | 59.42% |
| Annual Growth Rate | 13.73% |
| 5-Year Change | 18.77% |
| 10-Year Change | 51.18% |
| Growth Volatility | 40.86 |
Ningxia Qinglong Pipes Industry Co Ltd - Net Assets Trend (2007–2025)
This chart illustrates how Ningxia Qinglong Pipes Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. See Ningxia Qinglong Pipes Industry Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Ningxia Qinglong Pipes Industry Co Ltd (2007–2025)
The table below shows the annual net assets of Ningxia Qinglong Pipes Industry Co Ltd from 2007 to 2025. For live valuation and market cap data, see Ningxia Qinglong Pipes Industry Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.77 Billion ≈ $405.31 Million |
+2.61% |
| 2024-12-31 | CN¥2.70 Billion ≈ $395.00 Million |
+8.97% |
| 2023-12-31 | CN¥2.48 Billion ≈ $362.48 Million |
-1.59% |
| 2022-12-31 | CN¥2.52 Billion ≈ $368.35 Million |
+7.94% |
| 2021-12-31 | CN¥2.33 Billion ≈ $341.26 Million |
+5.77% |
| 2020-12-31 | CN¥2.20 Billion ≈ $322.65 Million |
+7.71% |
| 2019-12-31 | CN¥2.05 Billion ≈ $299.56 Million |
+8.71% |
| 2018-12-31 | CN¥1.88 Billion ≈ $275.55 Million |
+2.31% |
| 2017-12-31 | CN¥1.84 Billion ≈ $269.32 Million |
+0.46% |
| 2016-12-31 | CN¥1.83 Billion ≈ $268.09 Million |
+1.78% |
| 2015-12-31 | CN¥1.80 Billion ≈ $263.42 Million |
+3.07% |
| 2014-12-31 | CN¥1.75 Billion ≈ $255.57 Million |
+2.62% |
| 2013-12-31 | CN¥1.70 Billion ≈ $249.04 Million |
+6.36% |
| 2012-12-31 | CN¥1.60 Billion ≈ $234.16 Million |
+3.43% |
| 2011-12-31 | CN¥1.55 Billion ≈ $226.38 Million |
+5.54% |
| 2010-12-31 | CN¥1.47 Billion ≈ $214.50 Million |
+180.17% |
| 2009-12-31 | CN¥523.21 Million ≈ $76.56 Million |
+38.01% |
| 2008-12-31 | CN¥379.10 Million ≈ $55.47 Million |
+38.72% |
| 2007-12-31 | CN¥273.28 Million ≈ $39.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ningxia Qinglong Pipes Industry 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 1796.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.21 Billion | 47.56% |
| Other Components | CN¥1.33 Billion | 52.44% |
| Total Equity | CN¥2.55 Billion | 100.00% |
Ningxia Qinglong Pipes Industry Co Ltd Competitors by Market Cap
The table below lists competitors of Ningxia Qinglong Pipes Industry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lao Feng Xiang Co Ltd B
SHG:900905
|
$638.83 Million |
|
Misun Technology Co Ltd
SHE:301577
|
$638.89 Million |
|
Zhuhai Port Co Ltd
SHE:000507
|
$639.28 Million |
|
Tianjin Lisheng Pharmaceutical Co Ltd
SHE:002393
|
$639.74 Million |
|
Abacus Group
AU:ABG
|
$638.64 Million |
|
Third Coast Bancshares, Inc.
NYSE:TCBX
|
$638.46 Million |
|
Rogers Sugar Inc.
TO:RSI
|
$638.37 Million |
|
Kuyas Yatirim AS
IS:KUYAS
|
$638.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningxia Qinglong Pipes Industry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,468,042,832 to 2,545,278,339, a change of 77,235,507 (3.1%).
- Net income of 129,629,362 contributed positively to equity growth.
- Dividend payments of 63,676,545 reduced retained earnings.
- Other comprehensive income decreased equity by 187,774,094.
- Other factors increased equity by 199,056,785.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥129.63 Million | +5.09% |
| Dividends Paid | CN¥63.68 Million | -2.5% |
| Other Comprehensive Income | CN¥-187.77 Million | -7.38% |
| Other Changes | CN¥199.06 Million | +7.82% |
| Total Change | CN¥- | 3.13% |
Book Value vs Market Value Analysis
This analysis compares Ningxia Qinglong Pipes Industry 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: 1.72x
- 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 8.65x to 1.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥1.51 | CN¥13.09 | x |
| 2008-12-31 | CN¥1.83 | CN¥13.09 | x |
| 2009-12-31 | CN¥2.04 | CN¥13.09 | x |
| 2010-12-31 | CN¥5.00 | CN¥13.09 | x |
| 2011-12-31 | CN¥4.62 | CN¥13.09 | x |
| 2012-12-31 | CN¥4.75 | CN¥13.09 | x |
| 2013-12-31 | CN¥4.93 | CN¥13.09 | x |
| 2014-12-31 | CN¥5.11 | CN¥13.09 | x |
| 2015-12-31 | CN¥5.12 | CN¥13.09 | x |
| 2016-12-31 | CN¥5.08 | CN¥13.09 | x |
| 2017-12-31 | CN¥5.63 | CN¥13.09 | x |
| 2018-12-31 | CN¥5.51 | CN¥13.09 | x |
| 2019-12-31 | CN¥5.90 | CN¥13.09 | x |
| 2020-12-31 | CN¥6.26 | CN¥13.09 | x |
| 2021-12-31 | CN¥6.56 | CN¥13.09 | x |
| 2022-12-31 | CN¥6.87 | CN¥13.09 | x |
| 2023-12-31 | CN¥6.40 | CN¥13.09 | x |
| 2024-12-31 | CN¥7.47 | CN¥13.09 | x |
| 2025-12-31 | CN¥7.63 | CN¥13.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningxia Qinglong Pipes Industry 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): 5.09%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.93%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.84x
- Recent ROE (5.09%) is below the historical average (8.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 24.78% | 17.22% | 0.64x | 2.24x | CN¥36.23 Million |
| 2008 | 21.36% | 14.44% | 0.67x | 2.20x | CN¥39.48 Million |
| 2009 | 23.93% | 16.05% | 0.76x | 1.97x | CN¥68.12 Million |
| 2010 | 8.58% | 14.39% | 0.47x | 1.27x | CN¥-20.22 Million |
| 2011 | 7.79% | 12.03% | 0.53x | 1.22x | CN¥-33.98 Million |
| 2012 | 4.77% | 9.80% | 0.40x | 1.22x | CN¥-83.20 Million |
| 2013 | 6.69% | 9.16% | 0.52x | 1.41x | CN¥-56.00 Million |
| 2014 | 3.33% | 6.74% | 0.38x | 1.29x | CN¥-115.83 Million |
| 2015 | 2.73% | 5.93% | 0.33x | 1.39x | CN¥-129.18 Million |
| 2016 | 1.18% | 2.57% | 0.28x | 1.62x | CN¥-158.19 Million |
| 2017 | 1.07% | 1.60% | 0.43x | 1.55x | CN¥-161.55 Million |
| 2018 | 3.99% | 5.10% | 0.50x | 1.56x | CN¥-111.05 Million |
| 2019 | 7.96% | 7.84% | 0.56x | 1.81x | CN¥-40.10 Million |
| 2020 | 7.98% | 8.11% | 0.56x | 1.74x | CN¥-42.27 Million |
| 2021 | 6.55% | 5.87% | 0.61x | 1.84x | CN¥-75.30 Million |
| 2022 | 7.28% | 6.54% | 0.62x | 1.80x | CN¥-62.98 Million |
| 2023 | 1.09% | 1.21% | 0.48x | 1.89x | CN¥-202.47 Million |
| 2024 | 10.85% | 9.50% | 0.62x | 1.84x | CN¥20.92 Million |
| 2025 | 5.09% | 4.93% | 0.56x | 1.84x | CN¥-124.90 Million |
Industry Comparison
This section compares Ningxia Qinglong Pipes Industry Co Ltd's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $1,203,929,046
- Average return on equity (ROE) among peers: 1.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningxia Qinglong Pipes Industry Co Ltd (002457) | CN¥2.76 Billion | 24.78% | 0.68x | $638.79 Million |
| China Fangda Group Co Ltd (000055) | $1.03 Billion | 6.71% | 0.24x | $363.04 Million |
| Huasu Holdings Co Ltd (000509) | $381.72 Million | 7.32% | 0.61x | $637.55 Million |
| Wuhu Conch Profiles and Science Co Ltd (000619) | $13.52 Million | 0.00% | 1.72x | $309.87 Million |
| Beijing New Building Materials Public Ltd Co (000786) | $2.73 Billion | 11.77% | 1.19x | $4.91 Billion |
| Yantai Moon Co Ltd (000811) | $642.91 Million | 12.93% | 1.44x | $5.83 Billion |
| Tangshan Jidong Equipment Engineering Co Ltd (000856) | $458.32 Million | -6.31% | 1.31x | $258.43 Million |
| Shandong Luyang Share Co Ltd (002088) | $1.45 Billion | 5.84% | 0.28x | $660.76 Million |
| Everjoy Health Group Co Ltd (002162) | $843.78 Million | -17.44% | 1.44x | $476.42 Million |
| XinJiang GuoTong Pipeline Co Ltd (002205) | $959.33 Million | -5.52% | 0.75x | $299.41 Million |
| Puyang Refractories Group Co Ltd (002225) | $3.52 Billion | 3.83% | 1.35x | $714.16 Million |
About Ningxia Qinglong Pipes Industry Co Ltd
Qinglong Pipes Industry Group Co., Ltd, together with its subsidiaries, engages in the research and development, production, and sale of water pipelines and related products in China. The company offers concrete pipes and products, such as prestressed steel cylinder concrete pipes, reinforced wound steel cylinder concrete pipes, prestressed concrete pipes, reinforced concrete drainage pipes, rein… Read more