Qingdao Rural Commercial Bank Corp Class A (002958) - Net Assets
Based on the latest financial reports, Qingdao Rural Commercial Bank Corp Class A (002958) has net assets worth CN¥37.17 Billion CNY (≈ $5.44 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¥509.92 Billion ≈ $74.62 Billion USD) and total liabilities (CN¥472.75 Billion ≈ $69.18 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 Qingdao Rural Commercial Bank Corp Class asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥37.17 Billion |
| % of Total Assets | 7.29% |
| Annual Growth Rate | 21.66% |
| 5-Year Change | -87.18% |
| 10-Year Change | 204.77% |
| Growth Volatility | 310.96 |
Qingdao Rural Commercial Bank Corp Class A - Net Assets Trend (2011–2024)
This chart illustrates how Qingdao Rural Commercial Bank Corp Class A's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Qingdao Rural Commercial Bank Corp Class for the complete picture of this company's asset base.
Annual Net Assets for Qingdao Rural Commercial Bank Corp Class A (2011–2024)
The table below shows the annual net assets of Qingdao Rural Commercial Bank Corp Class A from 2011 to 2024. For live valuation and market cap data, see 002958 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥41.11 Billion ≈ $6.02 Billion |
+5.28% |
| 2023-12-31 | CN¥39.05 Billion ≈ $5.71 Billion |
-88.82% |
| 2022-12-31 | CN¥349.30 Billion ≈ $51.11 Billion |
+3.91% |
| 2021-12-31 | CN¥336.16 Billion ≈ $49.19 Billion |
+4.80% |
| 2020-12-31 | CN¥320.77 Billion ≈ $46.94 Billion |
+18.60% |
| 2019-12-31 | CN¥270.47 Billion ≈ $39.58 Billion |
+1167.25% |
| 2018-12-31 | CN¥21.34 Billion ≈ $3.12 Billion |
+19.11% |
| 2017-12-31 | CN¥17.92 Billion ≈ $2.62 Billion |
+13.78% |
| 2016-12-31 | CN¥15.75 Billion ≈ $2.30 Billion |
+16.75% |
| 2015-12-31 | CN¥13.49 Billion ≈ $1.97 Billion |
+11.72% |
| 2014-12-31 | CN¥12.07 Billion ≈ $1.77 Billion |
+14.61% |
| 2013-12-31 | CN¥10.54 Billion ≈ $1.54 Billion |
+17.48% |
| 2012-12-31 | CN¥8.97 Billion ≈ $1.31 Billion |
+179.04% |
| 2011-12-31 | CN¥3.21 Billion ≈ $470.28 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Qingdao Rural Commercial Bank Corp Class A'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 5339.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥12.44 Billion | 30.53% |
| Common Stock | CN¥5.56 Billion | 13.63% |
| Other Components | CN¥22.75 Billion | 55.84% |
| Total Equity | CN¥40.75 Billion | 100.00% |
Qingdao Rural Commercial Bank Corp Class A Competitors by Market Cap
The table below lists competitors of Qingdao Rural Commercial Bank Corp Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Woolworths Holdings Ltd
JSE:WHL
|
$2.47 Billion |
|
Wuxi Nce Power Co Ltd
SHG:605111
|
$2.47 Billion |
|
Silicon Motion Technology Corporation
F:S9M
|
$2.47 Billion |
|
Infleqtion, Inc.
NYSE:INFQ
|
$2.47 Billion |
|
Zhejiang Publishing & Media Co Ltd
SHG:601921
|
$2.47 Billion |
|
Ideaya Biosciences Inc
NASDAQ:IDYA
|
$2.47 Billion |
|
Data Patterns (India) Limited
NSE:DATAPATTNS
|
$2.47 Billion |
|
Bel Fuse B Inc
NASDAQ:BELFB
|
$2.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qingdao Rural Commercial Bank Corp Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 38,110,214,000 to 40,747,140,000, a change of 2,636,926,000 (6.9%).
- Net income of 2,856,483,000 contributed positively to equity growth.
- Dividend payments of 2,829,801,000 reduced retained earnings.
- Other factors increased equity by 2,610,244,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.86 Billion | +7.01% |
| Dividends Paid | CN¥2.83 Billion | -6.94% |
| Other Changes | CN¥2.61 Billion | +6.41% |
| Total Change | CN¥- | 6.92% |
Book Value vs Market Value Analysis
This analysis compares Qingdao Rural Commercial Bank Corp Class A'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: 0.52x
- 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 4.68x to 0.52x 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¥0.65 | CN¥3.04 | x |
| 2012-12-31 | CN¥1.81 | CN¥3.04 | x |
| 2013-12-31 | CN¥2.11 | CN¥3.04 | x |
| 2014-12-31 | CN¥2.39 | CN¥3.04 | x |
| 2015-12-31 | CN¥2.68 | CN¥3.04 | x |
| 2016-12-31 | CN¥3.03 | CN¥3.04 | x |
| 2017-12-31 | CN¥3.44 | CN¥3.04 | x |
| 2018-12-31 | CN¥4.07 | CN¥3.04 | x |
| 2019-12-31 | CN¥4.51 | CN¥3.04 | x |
| 2020-12-31 | CN¥4.93 | CN¥3.04 | x |
| 2021-12-31 | CN¥5.32 | CN¥3.04 | x |
| 2022-12-31 | CN¥5.30 | CN¥3.04 | x |
| 2023-12-31 | CN¥5.65 | CN¥3.04 | x |
| 2024-12-31 | CN¥5.85 | CN¥3.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qingdao Rural Commercial Bank Corp Class A 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): 7.01%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.48%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 12.15x
- Recent ROE (7.01%) is below the historical average (11.63%), 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 | 17.59% | 11.65% | 0.06x | 26.68x | CN¥243.98 Million |
| 2012 | 13.25% | 28.04% | 0.04x | 11.32x | CN¥291.47 Million |
| 2013 | 15.66% | 23.13% | 0.06x | 11.92x | CN¥596.57 Million |
| 2014 | 14.21% | 20.42% | 0.06x | 12.03x | CN¥508.86 Million |
| 2015 | 13.82% | 20.88% | 0.05x | 12.24x | CN¥514.62 Million |
| 2016 | 12.89% | 21.11% | 0.04x | 13.88x | CN¥431.73 Million |
| 2017 | 12.48% | 20.73% | 0.04x | 14.67x | CN¥425.00 Million |
| 2018 | 11.79% | 18.66% | 0.04x | 14.34x | CN¥367.64 Million |
| 2019 | 11.57% | 18.79% | 0.04x | 13.99x | CN¥383.27 Million |
| 2020 | 10.26% | 17.74% | 0.04x | 14.10x | CN¥75.46 Million |
| 2021 | 8.97% | 16.24% | 0.04x | 12.60x | CN¥-350.89 Million |
| 2022 | 6.51% | 12.40% | 0.04x | 12.22x | CN¥-1.24 Billion |
| 2023 | 6.74% | 13.23% | 0.04x | 12.28x | CN¥-1.24 Billion |
| 2024 | 7.01% | 14.48% | 0.04x | 12.15x | CN¥-1.22 Billion |
Industry Comparison
This section compares Qingdao Rural Commercial Bank Corp Class A's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $29,884,070,775
- Average return on equity (ROE) among peers: 13.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qingdao Rural Commercial Bank Corp Class A (002958) | CN¥37.17 Billion | 17.59% | 12.72x | $2.47 Billion |
| Ping An Bank Co Ltd (000001) | $3.68 Billion | 19.42% | 9.72x | $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) | $11.87 Billion | 8.53% | 9.64x | $1.65 Billion |
| Jiangsu Zhangjiagang Rural Commercial Bank Co Ltd (002839) | $15.73 Billion | 10.70% | 10.93x | $1.63 Billion |
| Bank of Zhengzhou Co Ltd Class A (002936) | $39.89 Billion | 8.24% | 11.55x | $1.89 Billion |
| Bank of Qingdao Co Ltd (002948) | $3.94 Billion | 10.69% | 9.97x | $3.14 Billion |
| Bank of Suzhou (002966) | $28.95 Billion | 8.54% | 10.86x | $5.57 Billion |
| Shanghai Pudong Development Bank Co Ltd (600000) | $13.51 Billion | 14.29% | 32.72x | $45.18 Billion |
| Hua Xia Bank Co Ltd (600015) | $1.46 Billion | 26.35% | 67.59x | $16.05 Billion |
About Qingdao Rural Commercial Bank Corp Class A
Qingdao Rural Commercial Bank Co., Ltd. provides various banking products and services in China. It accepts deposits; offers loans, settlements, bill acceptance and discounting, letter of credit and guarantees, foreign exchange credit, and consulting and witnessing services. The company also acts as an insurance agency; and underwrites government bonds and financial bonds. In addition, it engages… Read more