Bank of Qingdao Co Ltd (002948) - Net Assets
Based on the latest financial reports, Bank of Qingdao Co Ltd (002948) has net assets worth CN¥53.23 Billion CNY (≈ $7.79 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥848.39 Billion ≈ $124.15 Billion USD) and total liabilities (CN¥795.16 Billion ≈ $116.36 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 002948 capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥53.23 Billion |
| % of Total Assets | 6.27% |
| Annual Growth Rate | 14.95% |
| 5-Year Change | 25.6% |
| 10-Year Change | 137.35% |
| Growth Volatility | 21.99 |
Bank of Qingdao Co Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Bank of Qingdao Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Bank of Qingdao Co Ltd stock valuation.
Annual Net Assets for Bank of Qingdao Co Ltd (2008–2025)
The table below shows the annual net assets of Bank of Qingdao Co Ltd from 2008 to 2025. Also explore 002948 net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥41.86 Billion ≈ $6.13 Billion |
-6.77% |
| 2024-12-31 | CN¥44.90 Billion ≈ $6.57 Billion |
+12.42% |
| 2023-12-31 | CN¥39.94 Billion ≈ $5.84 Billion |
+9.14% |
| 2022-12-31 | CN¥36.59 Billion ≈ $5.35 Billion |
+9.80% |
| 2021-12-31 | CN¥33.33 Billion ≈ $4.88 Billion |
+7.83% |
| 2020-12-31 | CN¥30.91 Billion ≈ $4.52 Billion |
+1.41% |
| 2019-12-31 | CN¥30.48 Billion ≈ $4.46 Billion |
+10.84% |
| 2018-12-31 | CN¥27.50 Billion ≈ $4.02 Billion |
+5.26% |
| 2017-12-31 | CN¥26.12 Billion ≈ $3.82 Billion |
+48.12% |
| 2016-12-31 | CN¥17.64 Billion ≈ $2.58 Billion |
+6.15% |
| 2015-12-31 | CN¥16.61 Billion ≈ $2.43 Billion |
+69.79% |
| 2014-12-31 | CN¥9.78 Billion ≈ $1.43 Billion |
+19.25% |
| 2013-12-31 | CN¥8.21 Billion ≈ $1.20 Billion |
+10.33% |
| 2012-12-31 | CN¥7.44 Billion ≈ $1.09 Billion |
+6.88% |
| 2011-12-31 | CN¥6.96 Billion ≈ $1.02 Billion |
+67.85% |
| 2010-12-31 | CN¥4.15 Billion ≈ $606.61 Million |
+5.33% |
| 2009-12-31 | CN¥3.94 Billion ≈ $575.92 Million |
+0.43% |
| 2008-12-31 | CN¥3.92 Billion ≈ $573.47 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Bank of Qingdao 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 2679.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥8.48 Billion | 20.79% |
| Common Stock | CN¥5.82 Billion | 14.28% |
| Other Comprehensive Income | CN¥26.48 Billion | 64.94% |
| Total Equity | CN¥40.77 Billion | 100.00% |
Bank of Qingdao Co Ltd Competitors by Market Cap
The table below lists competitors of Bank of Qingdao Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rev Group Inc
NYSE:REVG
|
$3.12 Billion |
|
Universal Microwave Technology
TWO:3491
|
$3.12 Billion |
|
Craftsman Automation Limited
NSE:CRAFTSMAN
|
$3.12 Billion |
|
Versigent PLC
NYSE:VGNT
|
$3.12 Billion |
|
CRRC Corporation Limited
F:C2L
|
$3.12 Billion |
|
First Hawaiian Inc
NASDAQ:FHB
|
$3.12 Billion |
|
HBIS Co Ltd
SHE:000709
|
$3.12 Billion |
|
Breville Group Ltd
AU:BRG
|
$3.12 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bank of Qingdao Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 43,932,381,000 to 40,771,365,000, a change of -3,161,016,000 (-7.2%).
- Net income of 5,187,741,000 contributed positively to equity growth.
- Dividend payments of 1,212,643,000 reduced retained earnings.
- Other comprehensive income increased equity by 26,475,040,000.
- Other factors decreased equity by 33,611,154,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥5.19 Billion | +12.72% |
| Dividends Paid | CN¥1.21 Billion | -2.97% |
| Other Comprehensive Income | CN¥26.48 Billion | +64.94% |
| Other Changes | CN¥-33.61 Billion | -82.44% |
| Total Change | CN¥- | -7.20% |
Book Value vs Market Value Analysis
This analysis compares Bank of Qingdao 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: 0.86x
- 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 4.01x to 0.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥1.51 | CN¥6.04 | x |
| 2009-12-31 | CN¥1.51 | CN¥6.04 | x |
| 2010-12-31 | CN¥1.59 | CN¥6.04 | x |
| 2011-12-31 | CN¥2.68 | CN¥6.04 | x |
| 2012-12-31 | CN¥2.86 | CN¥6.04 | x |
| 2013-12-31 | CN¥3.16 | CN¥6.04 | x |
| 2014-12-31 | CN¥3.76 | CN¥6.04 | x |
| 2015-12-31 | CN¥5.20 | CN¥6.04 | x |
| 2016-12-31 | CN¥4.24 | CN¥6.04 | x |
| 2017-12-31 | CN¥6.16 | CN¥6.04 | x |
| 2018-12-31 | CN¥6.48 | CN¥6.04 | x |
| 2019-12-31 | CN¥6.20 | CN¥6.04 | x |
| 2020-12-31 | CN¥6.22 | CN¥6.04 | x |
| 2021-12-31 | CN¥6.70 | CN¥6.04 | x |
| 2022-12-31 | CN¥6.29 | CN¥6.04 | x |
| 2023-12-31 | CN¥6.71 | CN¥6.04 | x |
| 2024-12-31 | CN¥7.55 | CN¥6.04 | x |
| 2025-12-31 | CN¥7.00 | CN¥6.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bank of Qingdao 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): 12.72%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.69%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 19.99x
- Recent ROE (12.72%) is above the historical average (10.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 8.25% | 19.19% | 0.05x | 8.31x | CN¥-68.74 Million |
| 2009 | 10.69% | 25.98% | 0.04x | 10.97x | CN¥27.19 Million |
| 2010 | 12.41% | 22.75% | 0.04x | 15.18x | CN¥99.98 Million |
| 2011 | 10.61% | 19.24% | 0.05x | 11.07x | CN¥42.62 Million |
| 2012 | 12.37% | 19.31% | 0.05x | 13.67x | CN¥176.36 Million |
| 2013 | 13.92% | 17.42% | 0.05x | 16.54x | CN¥321.40 Million |
| 2014 | 15.28% | 17.96% | 0.05x | 15.96x | CN¥516.89 Million |
| 2015 | 10.92% | 19.14% | 0.05x | 11.27x | CN¥152.41 Million |
| 2016 | 11.84% | 19.61% | 0.04x | 15.76x | CN¥325.01 Million |
| 2017 | 7.41% | 15.18% | 0.04x | 11.95x | CN¥-662.73 Million |
| 2018 | 7.50% | 13.68% | 0.05x | 11.77x | CN¥-675.15 Million |
| 2019 | 7.64% | 13.58% | 0.05x | 12.49x | CN¥-706.73 Million |
| 2020 | 7.91% | 12.85% | 0.04x | 15.18x | CN¥-634.45 Million |
| 2021 | 8.96% | 13.91% | 0.04x | 16.00x | CN¥-340.89 Million |
| 2022 | 8.61% | 14.09% | 0.04x | 14.79x | CN¥-498.86 Million |
| 2023 | 9.08% | 15.51% | 0.04x | 15.56x | CN¥-357.79 Million |
| 2024 | 9.71% | 17.18% | 0.04x | 15.71x | CN¥-129.12 Million |
| 2025 | 12.72% | 19.69% | 0.03x | 19.99x | CN¥1.11 Billion |
Industry Comparison
This section compares Bank of Qingdao Co Ltd's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $43,352,920,079
- Average return on equity (ROE) among peers: 16.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bank of Qingdao Co Ltd (002948) | CN¥53.23 Billion | 8.25% | 14.94x | $3.12 Billion |
| Ping An Bank Co Ltd (000001) | $112.08 Billion | 13.59% | 15.88x | $33.22 Billion |
| Bank of Ningbo Co Ltd (002142) | $22.12 Billion | 18.39% | 15.85x | $33.15 Billion |
| Jiangsu Jiangyin Rural Commercial Bank Co Ltd (002807) | $5.06 Billion | 19.39% | 13.51x | $1.66 Billion |
| Jiangsu Zhangjiagang Rural Commercial Bank Co Ltd (002839) | $5.59 Billion | 17.92% | 11.97x | $1.55 Billion |
| Bank of Zhengzhou Co Ltd Class A (002936) | $17.82 Billion | 18.83% | 13.90x | $1.81 Billion |
| Qingdao Rural Commercial Bank Corp Class A (002958) | $21.34 Billion | 11.33% | 12.78x | $2.41 Billion |
| Bank of Suzhou (002966) | $63.35 Billion | 8.44% | 11.46x | $5.92 Billion |
| Shanghai Pudong Development Bank Co Ltd (600000) | $68.09 Billion | 19.41% | 22.83x | $44.35 Billion |
| Hua Xia Bank Co Ltd (600015) | $74.72 Billion | 17.13% | 18.93x | $14.72 Billion |
About Bank of Qingdao Co Ltd
Bank of Qingdao Co., Ltd. provides personal and corporate banking, and financial market services in the People's Republic of China. It operates through Corporate Banking, Retail Banking, and Financial Market Business segments. The company offers deposit and savings products; personal loans, corporate loans, Youth Easy loans; professional card services, investment and wealth management, and credit… Read more