Bank of Qingdao Co Ltd (002948) - Net Assets

Latest as of September 2025: CN¥40.76 Billion CNY ≈ $5.96 Billion USD

Based on the latest financial reports, Bank of Qingdao Co Ltd (002948) has net assets worth CN¥40.76 Billion CNY (≈ $5.96 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¥765.57 Billion ≈ $112.03 Billion USD) and total liabilities (CN¥724.81 Billion ≈ $106.06 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 Bank of Qingdao Co Ltd (002948) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥40.76 Billion
% of Total Assets	5.32%
Annual Growth Rate	16.46%
5-Year Change	45.27%
10-Year Change	170.26%
Growth Volatility	21.85

Bank of Qingdao Co Ltd - Net Assets Trend (2008–2024)

This chart illustrates how Bank of Qingdao Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002948 current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for Bank of Qingdao Co Ltd (2008–2024)

The table below shows the annual net assets of Bank of Qingdao Co Ltd from 2008 to 2024. For live valuation and market cap data, see 002948 stock market capitalisation.

Year	Net Assets	Change
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	--

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 2095.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥6.70 Billion	15.24%
Common Stock	CN¥5.82 Billion	13.25%
Other Components	CN¥31.42 Billion	71.51%
Total Equity	CN¥43.93 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
YETI Holdings Inc NYSE:YETI	$3.14 Billion
Softcat plc F:SF5	$3.14 Billion
Rede Energia Participações S.A SA:REDE3	$3.14 Billion
Iskenderun Demir ve Celik AS IS:ISDMR	$3.15 Billion
Sparebank 1 SMN OL:MING	$3.14 Billion
Anhui Conch Cement Company Limited F:AQE	$3.14 Billion
Navinfo Co Ltd SHE:002405	$3.13 Billion
Park National Corporation NYSE MKT:PRK	$3.13 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 2023 to 2024, total equity changed from 39,063,939,000 to 43,932,381,000, a change of 4,868,442,000 (12.5%).
Net income of 4,264,120,000 contributed positively to equity growth.
Dividend payments of 1,212,614,000 reduced retained earnings.
Other factors increased equity by 1,816,936,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥4.26 Billion	+9.71%
Dividends Paid	CN¥1.21 Billion	-2.76%
Other Changes	CN¥1.82 Billion	+4.14%
Total Change	CN¥-	12.46%

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: 0.81x
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 4.03x to 0.81x 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¥6.08	x
2009-12-31	CN¥1.51	CN¥6.08	x
2010-12-31	CN¥1.59	CN¥6.08	x
2011-12-31	CN¥2.68	CN¥6.08	x
2012-12-31	CN¥2.86	CN¥6.08	x
2013-12-31	CN¥3.16	CN¥6.08	x
2014-12-31	CN¥3.76	CN¥6.08	x
2015-12-31	CN¥5.20	CN¥6.08	x
2016-12-31	CN¥4.24	CN¥6.08	x
2017-12-31	CN¥6.16	CN¥6.08	x
2018-12-31	CN¥6.48	CN¥6.08	x
2019-12-31	CN¥6.20	CN¥6.08	x
2020-12-31	CN¥6.22	CN¥6.08	x
2021-12-31	CN¥6.70	CN¥6.08	x
2022-12-31	CN¥6.29	CN¥6.08	x
2023-12-31	CN¥6.71	CN¥6.08	x
2024-12-31	CN¥7.55	CN¥6.08	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): 9.71%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 17.18%
• Asset Turnover: 0.04x
• Equity Multiplier: 15.71x
Recent ROE (9.71%) is below the historical average (10.18%), suggesting potential challenges in 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

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: $63,618,354,283
Average return on equity (ROE) among peers: 13.75%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Bank of Qingdao Co Ltd (002948)	CN¥40.76 Billion	8.25%	17.78x	$3.14 Billion
Ping An Bank Co Ltd (000001)	$6.47 Billion	21.81%	39.25x	$32.63 Billion
Bank of Ningbo Co Ltd (002142)	$149.94 Billion	13.04%	12.44x	$32.08 Billion
Jiangsu Jiangyin Rural Commercial Bank Co Ltd (002807)	$14.42 Billion	11.21%	10.71x	$1.65 Billion
Jiangsu Zhangjiagang Rural Commercial Bank Co Ltd (002839)	$7.14 Billion	9.42%	10.53x	$1.63 Billion
Bank of Zhengzhou Co Ltd Class A (002936)	$45.97 Billion	6.89%	10.92x	$1.89 Billion
Qingdao Rural Commercial Bank Corp Class A (002958)	$10.54 Billion	15.66%	10.92x	$2.47 Billion
Bank of Suzhou (002966)	$13.73 Billion	8.15%	5.05x	$5.57 Billion
Shanghai Pudong Development Bank Co Ltd (600000)	$41.70 Billion	30.01%	30.40x	$45.18 Billion
Hua Xia Bank Co Ltd (600015)	$282.65 Billion	7.53%	11.03x	$16.05 Billion

About Bank of Qingdao Co Ltd

SHE:002948 China Banks - Regional

Market Cap

$3.14 Billion

CN¥21.45 Billion CNY

Market Cap Rank

#4799 Global

#891 in China

Share Price

CN¥6.08

Change (1 day)

+0.50%

52-Week Range

CN¥4.22 - CN¥6.08

All Time High

CN¥6.58