Qifeng New Material Co Ltd (002521) - Net Assets
Based on the latest financial reports, Qifeng New Material Co Ltd (002521) has net assets worth CN¥3.99 Billion CNY (≈ $584.00 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¥5.42 Billion ≈ $793.64 Million USD) and total liabilities (CN¥1.43 Billion ≈ $209.64 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 Qifeng New Material 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¥3.99 Billion |
| % of Total Assets | 73.58% |
| Annual Growth Rate | 20.35% |
| 5-Year Change | 10.07% |
| 10-Year Change | 16.03% |
| Growth Volatility | 96.92 |
Qifeng New Material Co Ltd - Net Assets Trend (2007–2025)
This chart illustrates how Qifeng New Material Co Ltd's net assets have evolved over time, based on quarterly financial data. See Qifeng New Material Co Ltd (002521) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Qifeng New Material Co Ltd (2007–2025)
The table below shows the annual net assets of Qifeng New Material Co Ltd from 2007 to 2025. For live valuation and market cap data, see 002521 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.95 Billion ≈ $578.05 Million |
-1.73% |
| 2024-12-31 | CN¥4.02 Billion ≈ $588.23 Million |
+7.61% |
| 2023-12-31 | CN¥3.74 Billion ≈ $546.65 Million |
+5.28% |
| 2022-12-31 | CN¥3.55 Billion ≈ $519.25 Million |
-1.12% |
| 2021-12-31 | CN¥3.59 Billion ≈ $525.14 Million |
+3.36% |
| 2020-12-31 | CN¥3.47 Billion ≈ $508.06 Million |
-0.32% |
| 2019-12-31 | CN¥3.48 Billion ≈ $509.69 Million |
+3.17% |
| 2018-12-31 | CN¥3.38 Billion ≈ $494.03 Million |
-1.19% |
| 2017-12-31 | CN¥3.42 Billion ≈ $499.97 Million |
+0.36% |
| 2016-12-31 | CN¥3.40 Billion ≈ $498.20 Million |
+1.59% |
| 2015-12-31 | CN¥3.35 Billion ≈ $490.40 Million |
+30.60% |
| 2014-12-31 | CN¥2.57 Billion ≈ $375.49 Million |
+12.58% |
| 2013-12-31 | CN¥2.28 Billion ≈ $333.54 Million |
+7.74% |
| 2012-12-31 | CN¥2.12 Billion ≈ $309.57 Million |
+4.05% |
| 2011-12-31 | CN¥2.03 Billion ≈ $297.54 Million |
+3.22% |
| 2010-12-31 | CN¥1.97 Billion ≈ $288.25 Million |
+414.40% |
| 2009-12-31 | CN¥382.94 Million ≈ $56.04 Million |
+14.95% |
| 2008-12-31 | CN¥333.12 Million ≈ $48.75 Million |
+136.62% |
| 2007-12-31 | CN¥140.79 Million ≈ $20.60 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Qifeng New Material 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 2814.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.12 Billion | 28.34% |
| Other Components | CN¥2.83 Billion | 71.66% |
| Total Equity | CN¥3.95 Billion | 100.00% |
Qifeng New Material Co Ltd Competitors by Market Cap
The table below lists competitors of Qifeng New Material Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pareto Bank ASA
OL:PARB
|
$563.16 Million |
|
Bonree Data Technology Co Ltd
SHG:688229
|
$563.30 Million |
|
Kunming Yunnei Power Co Ltd
SHE:000903
|
$563.43 Million |
|
WCE Holdings Bhd
KLSE:3565
|
$563.45 Million |
|
Canadian Banc Corp
TO:BK
|
$562.96 Million |
|
Cimentas Izmir Cimento Fabrikasi TAS
IS:CMENT
|
$562.92 Million |
|
Guangdong SACA Precision Manufacturing Co Ltd
SHE:300464
|
$562.74 Million |
|
STINGRAY GROUP INC.
F:317A
|
$562.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qifeng New Material Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,016,381,502 to 3,947,142,342, a change of -69,239,160 (-1.7%).
- Net income of 154,785,260 contributed positively to equity growth.
- Dividend payments of 240,560,614 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥154.79 Million | +3.92% |
| Dividends Paid | CN¥240.56 Million | -6.09% |
| Other Changes | CN¥16.54 Million | +0.42% |
| Total Change | CN¥- | -1.72% |
Book Value vs Market Value Analysis
This analysis compares Qifeng New Material 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: 0.97x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 13.23x to 0.97x 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¥0.52 | CN¥6.87 | x |
| 2008-12-31 | CN¥1.19 | CN¥6.87 | x |
| 2009-12-31 | CN¥1.24 | CN¥6.87 | x |
| 2010-12-31 | CN¥6.37 | CN¥6.87 | x |
| 2011-12-31 | CN¥4.94 | CN¥6.87 | x |
| 2012-12-31 | CN¥5.13 | CN¥6.87 | x |
| 2013-12-31 | CN¥5.43 | CN¥6.87 | x |
| 2014-12-31 | CN¥6.02 | CN¥6.87 | x |
| 2015-12-31 | CN¥7.07 | CN¥6.87 | x |
| 2016-12-31 | CN¥6.96 | CN¥6.87 | x |
| 2017-12-31 | CN¥6.81 | CN¥6.87 | x |
| 2018-12-31 | CN¥6.94 | CN¥6.87 | x |
| 2019-12-31 | CN¥7.12 | CN¥6.87 | x |
| 2020-12-31 | CN¥6.94 | CN¥6.87 | x |
| 2021-12-31 | CN¥7.16 | CN¥6.87 | x |
| 2022-12-31 | CN¥8.36 | CN¥6.87 | x |
| 2023-12-31 | CN¥7.57 | CN¥6.87 | x |
| 2024-12-31 | CN¥7.87 | CN¥6.87 | x |
| 2025-12-31 | CN¥7.05 | CN¥6.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qifeng New Material 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): 3.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.61%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 1.35x
- Recent ROE (3.92%) is below the historical average (8.32%), 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 | 25.45% | 3.95% | 1.03x | 6.28x | CN¥21.62 Million |
| 2008 | 19.49% | 6.73% | 1.19x | 2.44x | CN¥31.62 Million |
| 2009 | 31.00% | 12.02% | 1.09x | 2.37x | CN¥80.44 Million |
| 2010 | 7.46% | 10.86% | 0.53x | 1.30x | CN¥-50.01 Million |
| 2011 | 3.85% | 4.95% | 0.62x | 1.26x | CN¥-125.14 Million |
| 2012 | 6.81% | 8.14% | 0.61x | 1.37x | CN¥-67.45 Million |
| 2013 | 8.29% | 8.96% | 0.60x | 1.53x | CN¥-39.05 Million |
| 2014 | 10.63% | 10.75% | 0.63x | 1.57x | CN¥16.27 Million |
| 2015 | 8.06% | 11.47% | 0.57x | 1.22x | CN¥-65.02 Million |
| 2016 | 4.17% | 5.24% | 0.64x | 1.24x | CN¥-198.53 Million |
| 2017 | 4.70% | 4.49% | 0.80x | 1.31x | CN¥-181.16 Million |
| 2018 | 1.73% | 1.59% | 0.84x | 1.29x | CN¥-279.26 Million |
| 2019 | 3.93% | 4.19% | 0.75x | 1.25x | CN¥-211.32 Million |
| 2020 | 4.61% | 5.69% | 0.59x | 1.36x | CN¥-187.13 Million |
| 2021 | 4.61% | 4.46% | 0.73x | 1.41x | CN¥-193.38 Million |
| 2022 | 0.24% | 0.27% | 0.66x | 1.34x | CN¥-346.04 Million |
| 2023 | 6.34% | 6.47% | 0.73x | 1.34x | CN¥-136.48 Million |
| 2024 | 2.80% | 3.31% | 0.61x | 1.38x | CN¥-289.32 Million |
| 2025 | 3.92% | 4.61% | 0.63x | 1.35x | CN¥-239.93 Million |
Industry Comparison
This section compares Qifeng New Material Co Ltd's net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $6,175,420,343
- Average return on equity (ROE) among peers: 13.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qifeng New Material Co Ltd (002521) | CN¥3.99 Billion | 25.45% | 0.36x | $563.03 Million |
| Shandong Chenming Paper Holdings Ltd (000488) | $30.27 Billion | 12.45% | 2.49x | $519.49 Million |
| MCC Meili Paper Industry Co Ltd (000815) | $581.69 Million | 7.14% | 1.65x | $1.74 Billion |
| Zhejiang Kan Specialities Material Co Ltd (002012) | $542.88 Million | 19.49% | 1.20x | $489.95 Million |
| Zhejiang Jingxing Paper Joint Stock Co Ltd (002067) | $1.79 Billion | 1.79% | 1.12x | $871.90 Million |
| Shan Dong Sun Paper Industry Joint Stock Co Ltd (002078) | $5.52 Billion | 5.15% | 1.88x | $5.12 Billion |
| Xiamen Anne Corp Ltd (002235) | $148.65 Million | 30.39% | 0.99x | $703.07 Million |
| Shandong Chenming Paper Holdings Ltd Class B (200488) | $14.35 Billion | 3.52% | 2.96x | $51.40 Million |
| Cre8 Direct Ningbo Co Ltd (300703) | $189.64 Million | 39.85% | 1.49x | $374.31 Million |
| Fujian Qingshan Paper Industry Co Ltd (600103) | $2.19 Billion | 1.71% | 0.45x | $1.14 Billion |
About Qifeng New Material Co Ltd
Qifeng New Material Co., Ltd. sells decorative base papers, overlay papers, and non-woven wallpaper base papers in China. The company also offers abrasive backing, surface wear resistant, wrapping, surface, flicker overlay, pre impregnated finishing base, sandpaper base, and leather papers, as well as decorative base papers for digital printing. In addition, it exports its products to approximate… Read more