Qingdao Gon Technology Co Ltd (002768) - Net Assets
Based on the latest financial reports, Qingdao Gon Technology Co Ltd (002768) has net assets worth CN¥7.70 Billion CNY (≈ $1.13 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥19.79 Billion ≈ $2.90 Billion USD) and total liabilities (CN¥12.09 Billion ≈ $1.77 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 002768 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥7.70 Billion |
| % of Total Assets | 38.91% |
| Annual Growth Rate | 31.82% |
| 5-Year Change | 48.46% |
| 10-Year Change | 775.36% |
| Growth Volatility | 33.5 |
Qingdao Gon Technology Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Qingdao Gon Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Qingdao Gon Technology Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Qingdao Gon Technology Co Ltd (2011–2025)
The table below shows the annual net assets of Qingdao Gon Technology Co Ltd from 2011 to 2025. For live valuation and market cap data, see 002768 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥7.70 Billion ≈ $1.13 Billion |
+9.50% |
| 2024-12-31 | CN¥7.03 Billion ≈ $1.03 Billion |
+10.23% |
| 2023-12-31 | CN¥6.38 Billion ≈ $933.59 Million |
+8.11% |
| 2022-12-31 | CN¥5.90 Billion ≈ $863.55 Million |
+13.78% |
| 2021-12-31 | CN¥5.19 Billion ≈ $758.98 Million |
+61.36% |
| 2020-12-31 | CN¥3.21 Billion ≈ $470.37 Million |
+29.21% |
| 2019-12-31 | CN¥2.49 Billion ≈ $364.03 Million |
+17.47% |
| 2018-12-31 | CN¥2.12 Billion ≈ $309.90 Million |
+98.11% |
| 2017-12-31 | CN¥1.07 Billion ≈ $156.43 Million |
+21.52% |
| 2016-12-31 | CN¥879.68 Million ≈ $128.72 Million |
+23.07% |
| 2015-12-31 | CN¥714.76 Million ≈ $104.59 Million |
+122.59% |
| 2014-12-31 | CN¥321.11 Million ≈ $46.99 Million |
+24.31% |
| 2013-12-31 | CN¥258.31 Million ≈ $37.80 Million |
+25.14% |
| 2012-12-31 | CN¥206.42 Million ≈ $30.21 Million |
+28.27% |
| 2011-12-31 | CN¥160.92 Million ≈ $23.55 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Qingdao Gon Technology 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 36622.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.68 Billion | 81.69% |
| Other Components | CN¥1.05 Billion | 18.31% |
| Total Equity | CN¥5.73 Billion | 100.00% |
Qingdao Gon Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Qingdao Gon Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Weichai Heavy Machinery Co Ltd
SHE:000880
|
$2.10 Billion |
|
Emami Limited
NSE:EMAMILTD
|
$2.10 Billion |
|
Hansol Chemica
KO:014680
|
$2.10 Billion |
|
Bitdeer Technologies Group Class A Ordinary Shares
NASDAQ:BTDR
|
$2.10 Billion |
|
NRW Holdings Ltd
AU:NWH
|
$2.09 Billion |
|
Kojamo
HE:KOJAMO
|
$2.09 Billion |
|
Chengdu Xuguang Electronics Co Ltd
SHG:600353
|
$2.09 Billion |
|
Investment and Industrial Development Joint Stock Corp
VN:BCM
|
$2.09 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qingdao Gon Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,970,597,291 to 5,731,825,655, a change of 761,228,364 (15.3%).
- Net income of 841,288,804 contributed positively to equity growth.
- Dividend payments of 237,859,510 reduced retained earnings.
- Other comprehensive income decreased equity by 174,424,984.
- Other factors increased equity by 332,224,053.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥841.29 Million | +14.68% |
| Dividends Paid | CN¥237.86 Million | -4.15% |
| Other Comprehensive Income | CN¥-174.42 Million | -3.04% |
| Other Changes | CN¥332.22 Million | +5.8% |
| Total Change | CN¥- | 15.31% |
Book Value vs Market Value Analysis
This analysis compares Qingdao Gon Technology 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: 2.50x
- 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 58.74x to 2.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.90 | CN¥52.80 | x |
| 2012-12-31 | CN¥1.15 | CN¥52.80 | x |
| 2013-12-31 | CN¥1.43 | CN¥52.80 | x |
| 2014-12-31 | CN¥1.79 | CN¥52.80 | x |
| 2015-12-31 | CN¥3.36 | CN¥52.80 | x |
| 2016-12-31 | CN¥3.49 | CN¥52.80 | x |
| 2017-12-31 | CN¥4.22 | CN¥52.80 | x |
| 2018-12-31 | CN¥7.61 | CN¥52.80 | x |
| 2019-12-31 | CN¥8.79 | CN¥52.80 | x |
| 2020-12-31 | CN¥11.42 | CN¥52.80 | x |
| 2021-12-31 | CN¥12.81 | CN¥52.80 | x |
| 2022-12-31 | CN¥15.01 | CN¥52.80 | x |
| 2023-12-31 | CN¥16.52 | CN¥52.80 | x |
| 2024-12-31 | CN¥18.52 | CN¥52.80 | x |
| 2025-12-31 | CN¥21.13 | CN¥52.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qingdao Gon Technology 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): 14.68%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.96%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 3.45x
- Recent ROE (14.68%) is below the historical average (17.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 22.62% | 9.36% | 1.21x | 1.99x | CN¥20.31 Million |
| 2012 | 22.04% | 10.73% | 1.16x | 1.77x | CN¥24.85 Million |
| 2013 | 20.09% | 9.05% | 0.95x | 2.34x | CN¥26.06 Million |
| 2014 | 19.56% | 9.20% | 0.99x | 2.15x | CN¥30.70 Million |
| 2015 | 10.11% | 9.63% | 0.75x | 1.40x | CN¥761.08K |
| 2016 | 15.77% | 10.21% | 0.78x | 1.98x | CN¥47.92 Million |
| 2017 | 20.13% | 9.92% | 0.94x | 2.16x | CN¥102.17 Million |
| 2018 | 15.24% | 8.28% | 1.02x | 1.81x | CN¥106.12 Million |
| 2019 | 16.61% | 7.81% | 1.04x | 2.04x | CN¥157.66 Million |
| 2020 | 23.59% | 10.18% | 1.31x | 1.76x | CN¥421.07 Million |
| 2021 | 18.50% | 6.58% | 0.99x | 2.85x | CN¥295.35 Million |
| 2022 | 16.27% | 4.94% | 1.05x | 3.13x | CN¥255.22 Million |
| 2023 | 10.41% | 2.67% | 1.16x | 3.36x | CN¥18.34 Million |
| 2024 | 13.61% | 3.52% | 1.05x | 3.69x | CN¥179.32 Million |
| 2025 | 14.68% | 3.96% | 1.07x | 3.45x | CN¥268.11 Million |
Industry Comparison
This section compares Qingdao Gon Technology Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $4,145,101,575
- Average return on equity (ROE) among peers: 2.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qingdao Gon Technology Co Ltd (002768) | CN¥7.70 Billion | 22.62% | 1.57x | $2.10 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $420.42 Million | 6.58% | 1.35x | $499.34 Million |
| Hengyi Petrochemical Co Ltd (000703) | $90.42 Million | 27.06% | 0.87x | $9.30 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.09 Billion | 0.96% | 1.41x | $741.46 Million |
| Luxi Chemical Group Co Ltd (000830) | $17.46 Billion | 18.08% | 0.97x | $4.75 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $2.74 Billion | 9.31% | 0.09x | $8.45 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.39 Billion | 0.45% | 0.38x | $1.19 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $1.57 Billion | -90.11% | 2.59x | $1.65 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $198.24 Million | 18.03% | 1.03x | $582.05 Million |
| Zhejiang Transfar Co Ltd (002010) | $16.39 Billion | 9.78% | 0.86x | $2.36 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $107.09 Million | 21.41% | 1.19x | $605.40 Million |
About Qingdao Gon Technology Co Ltd
Qingdao Gon Technology Co., Ltd. engages in the research, development, manufacture and sales of specialty chemical materials and collagen-based products. The company specializes in organic polymer modification, organic polymer composites, and artificial turf. The company's products include green petrochemicals, organic polymer modification, organic polymer composites, biodegradable materials, pho… Read more