Qingdao Hanhe Cable Co Ltd
Qingdao Hanhe Cable Co.,Ltd, together with its subsidiaries, engages in the development, production, and sale of cables and wires primarily in China. The company offers power cables, equipment cables, special cables, data cables, overhead lines, cable accessories, submarine cables, heat resistant and high strength aluminum alloy wires, fire-resistant cables, and DC series cables. It also provides… Read more
Qingdao Hanhe Cable Co Ltd (002498) - Net Assets
Latest net assets as of September 2025: CN¥8.62 Billion CNY
Based on the latest financial reports, Qingdao Hanhe Cable Co Ltd (002498) has net assets worth CN¥8.62 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥12.84 Billion) and total liabilities (CN¥4.22 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥8.62 Billion |
| % of Total Assets | 67.15% |
| Annual Growth Rate | 17.49% |
| 5-Year Change | 44.01% |
| 10-Year Change | 96.77% |
| Growth Volatility | 40.34 |
Qingdao Hanhe Cable Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Qingdao Hanhe Cable Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Qingdao Hanhe Cable Co Ltd (2007–2024)
The table below shows the annual net assets of Qingdao Hanhe Cable Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥8.14 Billion | +2.77% |
| 2023-12-31 | CN¥7.93 Billion | +10.27% |
| 2022-12-31 | CN¥7.19 Billion | +10.41% |
| 2021-12-31 | CN¥6.51 Billion | +15.10% |
| 2020-12-31 | CN¥5.66 Billion | +11.91% |
| 2019-12-31 | CN¥5.05 Billion | +7.49% |
| 2018-12-31 | CN¥4.70 Billion | +1.43% |
| 2017-12-31 | CN¥4.64 Billion | +4.40% |
| 2016-12-31 | CN¥4.44 Billion | +7.27% |
| 2015-12-31 | CN¥4.14 Billion | -1.89% |
| 2014-12-31 | CN¥4.22 Billion | +2.26% |
| 2013-12-31 | CN¥4.13 Billion | +7.64% |
| 2012-12-31 | CN¥3.83 Billion | +9.43% |
| 2011-12-31 | CN¥3.50 Billion | +6.62% |
| 2010-12-31 | CN¥3.29 Billion | +170.98% |
| 2009-12-31 | CN¥1.21 Billion | +60.73% |
| 2008-12-31 | CN¥754.26 Million | +43.43% |
| 2007-12-31 | CN¥525.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Qingdao Hanhe Cable 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 9810.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.05 Billion | 49.89% |
| Common Stock | CN¥3.33 Billion | 40.94% |
| Other Comprehensive Income | CN¥554.06 Million | 6.82% |
| Other Components | CN¥190.78 Million | 2.35% |
| Total Equity | CN¥8.13 Billion | 100.00% |
Qingdao Hanhe Cable Co Ltd Competitors by Market Cap
The table below lists competitors of Qingdao Hanhe Cable Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Agios Pharm
NASDAQ:AGIO
|
$1.43 Billion |
|
Fujian Sunner Development Co Ltd
SHE:002299
|
$1.43 Billion |
|
Anhui Heli Co Ltd
SHG:600761
|
$1.43 Billion |
|
German American Bancorp Inc
NASDAQ:GABC
|
$1.43 Billion |
|
HMS Networks AB (publ)
OTCGREY:HMNKF
|
$1.42 Billion |
|
Avepoint Inc
NASDAQ:AVPT
|
$1.42 Billion |
|
Mack-Cali Realty Corporation
F:WY4
|
$1.42 Billion |
|
Natura &Co Holding S.A.
SA:NTCO3
|
$1.42 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qingdao Hanhe Cable Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,677,580,530 to 8,125,387,736, a change of 447,807,206 (5.8%).
- Net income of 655,129,673 contributed positively to equity growth.
- Dividend payments of 126,441,934 reduced retained earnings.
- Other comprehensive income increased equity by 490,915,050.
- Other factors decreased equity by 571,795,583.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥655.13 Million | +8.06% |
| Dividends Paid | CN¥126.44 Million | -1.56% |
| Other Comprehensive Income | CN¥490.92 Million | +6.04% |
| Other Changes | CN¥-571.80 Million | -7.04% |
| Total Change | CN¥- | 5.83% |
Book Value vs Market Value Analysis
This analysis compares Qingdao Hanhe Cable 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: 3.85x
- 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 55.49x to 3.85x 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¥0.17 | CN¥9.40 | x |
| 2008-12-31 | CN¥0.25 | CN¥9.40 | x |
| 2009-12-31 | CN¥0.41 | CN¥9.40 | x |
| 2010-12-31 | CN¥1.66 | CN¥9.40 | x |
| 2011-12-31 | CN¥1.07 | CN¥9.40 | x |
| 2012-12-31 | CN¥1.14 | CN¥9.40 | x |
| 2013-12-31 | CN¥1.23 | CN¥9.40 | x |
| 2014-12-31 | CN¥1.18 | CN¥9.40 | x |
| 2015-12-31 | CN¥1.18 | CN¥9.40 | x |
| 2016-12-31 | CN¥1.38 | CN¥9.40 | x |
| 2017-12-31 | CN¥1.48 | CN¥9.40 | x |
| 2018-12-31 | CN¥1.49 | CN¥9.40 | x |
| 2019-12-31 | CN¥1.51 | CN¥9.40 | x |
| 2020-12-31 | CN¥1.69 | CN¥9.40 | x |
| 2021-12-31 | CN¥1.92 | CN¥9.40 | x |
| 2022-12-31 | CN¥2.12 | CN¥9.40 | x |
| 2023-12-31 | CN¥2.31 | CN¥9.40 | x |
| 2024-12-31 | CN¥2.44 | CN¥9.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qingdao Hanhe Cable 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): 8.06%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.08%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 1.41x
- Recent ROE (8.06%) is below the historical average (12.65%), 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 | 24.54% | 4.71% | 1.57x | 3.31x | CN¥72.04 Million |
| 2008 | 31.92% | 7.33% | 1.59x | 2.74x | CN¥158.50 Million |
| 2009 | 39.44% | 16.54% | 1.22x | 1.95x | CN¥350.65 Million |
| 2010 | 12.32% | 13.00% | 0.76x | 1.25x | CN¥75.92 Million |
| 2011 | 8.20% | 7.59% | 0.84x | 1.28x | CN¥-62.64 Million |
| 2012 | 6.68% | 6.80% | 0.79x | 1.24x | CN¥-126.80 Million |
| 2013 | 10.52% | 9.02% | 0.95x | 1.22x | CN¥21.60 Million |
| 2014 | 5.91% | 5.38% | 0.79x | 1.40x | CN¥-172.63 Million |
| 2015 | 8.44% | 8.38% | 0.67x | 1.50x | CN¥-64.50 Million |
| 2016 | 9.39% | 10.07% | 0.64x | 1.45x | CN¥-27.20 Million |
| 2017 | 5.40% | 5.27% | 0.76x | 1.34x | CN¥-212.89 Million |
| 2018 | 4.71% | 3.98% | 0.84x | 1.41x | CN¥-248.31 Million |
| 2019 | 8.64% | 7.05% | 0.97x | 1.26x | CN¥-68.27 Million |
| 2020 | 10.35% | 8.39% | 0.93x | 1.33x | CN¥19.54 Million |
| 2021 | 12.20% | 8.65% | 0.96x | 1.46x | CN¥139.93 Million |
| 2022 | 11.15% | 7.98% | 1.00x | 1.40x | CN¥80.78 Million |
| 2023 | 9.90% | 7.87% | 0.93x | 1.36x | CN¥-7.68 Million |
| 2024 | 8.06% | 7.08% | 0.81x | 1.41x | CN¥-157.41 Million |
Industry Comparison
This section compares Qingdao Hanhe Cable Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,399,685,798
- Average return on equity (ROE) among peers: -30.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qingdao Hanhe Cable Co Ltd (002498) | CN¥8.62 Billion | 24.54% | 0.49x | $1.43 Billion |
| XJ Electric Co Ltd (000400) | $11.69 Billion | 8.60% | 0.87x | $2.50 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $880.32 Million |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.31 Billion | 8.55% | 0.86x | $364.23 Million |
| Huagong Tech Co Ltd (000988) | $3.01 Billion | 5.01% | 0.66x | $9.70 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.62 Billion | 6.74% | 1.87x | $855.32 Million |
| Shijiazhuang Shangtai Technology Co. Ltd. A (001301) | $1.35 Billion | 11.31% | 0.12x | $1.62 Billion |
| Guangdong Xinyaguang Cable Co (001382) | $804.28 Million | 11.99% | 1.13x | $201.71 Million |
| Sieyuan Electric Co Ltd (002028) | $3.44 Billion | 10.09% | 0.45x | $14.61 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $186.07 Million | 7.07% | 0.22x | $217.00 Million |
| Gotion High tech Co Ltd (002074) | $324.01 Million | 7.87% | 0.45x | $5.08 Billion |