Qingdao Hanhe Cable Co Ltd (002498) - Net Assets

Latest as of September 2025: CN¥8.62 Billion CNY ≈ $1.26 Billion USD

Based on the latest financial reports, Qingdao Hanhe Cable Co Ltd (002498) has net assets worth CN¥8.62 Billion CNY (≈ $1.26 Billion 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¥12.84 Billion ≈ $1.88 Billion USD) and total liabilities (CN¥4.22 Billion ≈ $617.06 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 asset resilience ratio of Qingdao Hanhe Cable Co Ltd to evaluate the company's liquid asset resilience ratio.

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. Also explore 002498 current and non-current assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market cap of Qingdao Hanhe Cable Co Ltd.

Year	Net Assets	Change
2024-12-31	CN¥8.14 Billion ≈ $1.19 Billion	+2.77%
2023-12-31	CN¥7.93 Billion ≈ $1.16 Billion	+10.27%
2022-12-31	CN¥7.19 Billion ≈ $1.05 Billion	+10.41%
2021-12-31	CN¥6.51 Billion ≈ $952.49 Million	+15.10%
2020-12-31	CN¥5.66 Billion ≈ $827.55 Million	+11.91%
2019-12-31	CN¥5.05 Billion ≈ $739.51 Million	+7.49%
2018-12-31	CN¥4.70 Billion ≈ $687.97 Million	+1.43%
2017-12-31	CN¥4.64 Billion ≈ $678.27 Million	+4.40%
2016-12-31	CN¥4.44 Billion ≈ $649.67 Million	+7.27%
2015-12-31	CN¥4.14 Billion ≈ $605.66 Million	-1.89%
2014-12-31	CN¥4.22 Billion ≈ $617.34 Million	+2.26%
2013-12-31	CN¥4.13 Billion ≈ $603.72 Million	+7.64%
2012-12-31	CN¥3.83 Billion ≈ $560.88 Million	+9.43%
2011-12-31	CN¥3.50 Billion ≈ $512.54 Million	+6.62%
2010-12-31	CN¥3.29 Billion ≈ $480.71 Million	+170.98%
2009-12-31	CN¥1.21 Billion ≈ $177.40 Million	+60.73%
2008-12-31	CN¥754.26 Million ≈ $110.37 Million	+43.43%
2007-12-31	CN¥525.89 Million ≈ $76.95 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
Etablissementen Franz Colruyt NV BR:COLR	$4.25 Billion
BICECORP S.A SN:BICECORP	$4.25 Billion
Guangdong Fenghua Advanced Technology Holding Co Ltd SHE:000636	$4.25 Billion
Caihong Display Devices Co Ltd SHG:600707	$4.25 Billion
International Bancshares Corporation NASDAQ:IBOC	$4.24 Billion
GRG Banking Equipment Co Ltd SHE:002152	$4.24 Billion
Warrior Met Coal Inc NYSE:HCC	$4.24 Billion
Lazard Ltd NYSE:LAZ	$4.24 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: 3.57x
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 51.47x to 3.57x 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¥8.72	x
2008-12-31	CN¥0.25	CN¥8.72	x
2009-12-31	CN¥0.41	CN¥8.72	x
2010-12-31	CN¥1.66	CN¥8.72	x
2011-12-31	CN¥1.07	CN¥8.72	x
2012-12-31	CN¥1.14	CN¥8.72	x
2013-12-31	CN¥1.23	CN¥8.72	x
2014-12-31	CN¥1.18	CN¥8.72	x
2015-12-31	CN¥1.18	CN¥8.72	x
2016-12-31	CN¥1.38	CN¥8.72	x
2017-12-31	CN¥1.48	CN¥8.72	x
2018-12-31	CN¥1.49	CN¥8.72	x
2019-12-31	CN¥1.51	CN¥8.72	x
2020-12-31	CN¥1.69	CN¥8.72	x
2021-12-31	CN¥1.92	CN¥8.72	x
2022-12-31	CN¥2.12	CN¥8.72	x
2023-12-31	CN¥2.31	CN¥8.72	x
2024-12-31	CN¥2.44	CN¥8.72	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: $2,126,582,124
Average return on equity (ROE) among peers: 8.28%

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	$4.25 Billion
XJ Electric Co Ltd (000400)	$2.20 Billion	5.89%	1.09x	$3.75 Billion
Guangdong Macro Co Ltd (000533)	$874.93 Million	-1.17%	1.71x	$1.28 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$2.71 Billion	7.84%	0.11x	$1.02 Billion
Dongfang Electronics Co Ltd (000682)	$86.35 Million	23.75%	0.85x	$2.56 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$1.31 Billion	8.55%	0.86x	$834.77 Million
Huagong Tech Co Ltd (000988)	$1.22 Billion	3.70%	0.93x	$17.59 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$1.54 Billion	5.61%	1.58x	$1.79 Billion
Sieyuan Electric Co Ltd (002028)	$65.21 Million	33.34%	0.57x	$22.29 Billion
Shanghai Welltech Automation Co Ltd (002058)	$183.97 Million	-6.05%	0.22x	$526.87 Million
Gotion High tech Co Ltd (002074)	$11.08 Billion	1.35%	1.51x	$9.75 Billion

About Qingdao Hanhe Cable Co Ltd

SHE:002498 China Electrical Equipment & Parts

Market Cap

$4.25 Billion

CN¥29.01 Billion CNY

Market Cap Rank

#3999 Global

#666 in China

Share Price

CN¥8.72

Change (1 day)

-3.33%

52-Week Range

CN¥3.25 - CN¥10.38

All Time High

CN¥10.38