Qingdao Choho Industrial Co Ltd (003033) - Net Assets
Based on the latest financial reports, Qingdao Choho Industrial Co Ltd (003033) has net assets worth CN¥1.37 Billion CNY (≈ $201.07 Million 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¥2.48 Billion ≈ $362.77 Million USD) and total liabilities (CN¥1.11 Billion ≈ $161.70 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 Qingdao Choho Industrial Co Ltd (003033) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.37 Billion |
| % of Total Assets | 55.43% |
| Annual Growth Rate | 27.38% |
| 5-Year Change | 157.25% |
| 10-Year Change | 560.09% |
| Growth Volatility | 25.4 |
Qingdao Choho Industrial Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Qingdao Choho Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Qingdao Choho Industrial Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Qingdao Choho Industrial Co Ltd (2013–2024)
The table below shows the annual net assets of Qingdao Choho Industrial Co Ltd from 2013 to 2024. For live valuation and market cap data, see Qingdao Choho Industrial Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.26 Billion ≈ $184.07 Million |
+8.25% |
| 2023-12-31 | CN¥1.16 Billion ≈ $170.04 Million |
+6.88% |
| 2022-12-31 | CN¥1.09 Billion ≈ $159.09 Million |
+15.02% |
| 2021-12-31 | CN¥945.22 Million ≈ $138.31 Million |
+93.31% |
| 2020-12-31 | CN¥488.97 Million ≈ $71.55 Million |
+28.54% |
| 2019-12-31 | CN¥380.40 Million ≈ $55.66 Million |
+23.34% |
| 2018-12-31 | CN¥308.41 Million ≈ $45.13 Million |
+18.50% |
| 2017-12-31 | CN¥260.27 Million ≈ $38.09 Million |
+6.28% |
| 2016-12-31 | CN¥244.88 Million ≈ $35.83 Million |
+28.50% |
| 2015-12-31 | CN¥190.56 Million ≈ $27.89 Million |
+32.92% |
| 2014-12-31 | CN¥143.37 Million ≈ $20.98 Million |
+63.26% |
| 2013-12-31 | CN¥87.82 Million ≈ $12.85 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Qingdao Choho Industrial 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 68778468536.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥681.99 Million | 54.22% |
| Common Stock | CN¥81.75 Million | 6.50% |
| Other Comprehensive Income | CN¥41.90 Million | 3.33% |
| Other Components | CN¥452.25 Million | 35.95% |
| Total Equity | CN¥1.26 Billion | 100.00% |
Qingdao Choho Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Qingdao Choho Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sanyou Corporation Limited
SHE:300932
|
$673.58 Million |
|
WINBO-Dongjian Automotive Technology Co. Ltd.
SHE:300978
|
$673.60 Million |
|
Midi Utama Indonesia Tbk
JK:MIDI
|
$673.96 Million |
|
Jiangsu Seagull Cooling Tower
SHG:603269
|
$674.09 Million |
|
Ningbo Shenglong Automotive Powertrain System Co Ltd
SHG:603178
|
$673.21 Million |
|
Guizhou Sanli Pharmaceutical Co Ltd
SHG:603439
|
$673.19 Million |
|
Latitude Group Holdings Ltd
AU:LFS
|
$673.14 Million |
|
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class D
IS:KRDMD
|
$673.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qingdao Choho Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,161,996,167 to 1,257,885,974, a change of 95,889,807 (8.3%).
- Net income of 130,976,522 contributed positively to equity growth.
- Dividend payments of 57,483,081 reduced retained earnings.
- Other comprehensive income increased equity by 10,124,916.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥130.98 Million | +10.41% |
| Dividends Paid | CN¥57.48 Million | -4.57% |
| Other Comprehensive Income | CN¥10.12 Million | +0.8% |
| Other Changes | CN¥12.27 Million | +0.98% |
| Total Change | CN¥- | 8.25% |
Book Value vs Market Value Analysis
This analysis compares Qingdao Choho Industrial 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: 3.66x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 33.58x to 3.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥1.68 | CN¥56.30 | x |
| 2014-12-31 | CN¥2.43 | CN¥56.30 | x |
| 2015-12-31 | CN¥3.11 | CN¥56.30 | x |
| 2016-12-31 | CN¥3.99 | CN¥56.30 | x |
| 2017-12-31 | CN¥4.24 | CN¥56.30 | x |
| 2018-12-31 | CN¥5.01 | CN¥56.30 | x |
| 2019-12-31 | CN¥4.65 | CN¥56.30 | x |
| 2020-12-31 | CN¥5.98 | CN¥56.30 | x |
| 2021-12-31 | CN¥11.56 | CN¥56.30 | x |
| 2022-12-31 | CN¥13.30 | CN¥56.30 | x |
| 2023-12-31 | CN¥14.22 | CN¥56.30 | x |
| 2024-12-31 | CN¥15.39 | CN¥56.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qingdao Choho Industrial 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): 10.41%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.14%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.89x
- Recent ROE (10.41%) is below the historical average (16.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 1.19% | 0.24% | 1.32x | 3.76x | CN¥-7.73 Million |
| 2014 | 18.95% | 5.10% | 1.32x | 2.81x | CN¥12.83 Million |
| 2015 | 24.76% | 8.71% | 1.29x | 2.21x | CN¥28.13 Million |
| 2016 | 22.06% | 9.76% | 1.23x | 1.84x | CN¥29.53 Million |
| 2017 | 17.67% | 6.89% | 1.12x | 2.29x | CN¥19.97 Million |
| 2018 | 22.14% | 9.29% | 1.39x | 1.71x | CN¥37.45 Million |
| 2019 | 24.17% | 11.41% | 1.35x | 1.57x | CN¥53.92 Million |
| 2020 | 22.25% | 11.13% | 1.36x | 1.47x | CN¥59.91 Million |
| 2021 | 8.33% | 5.78% | 0.98x | 1.46x | CN¥-15.76 Million |
| 2022 | 15.63% | 10.57% | 0.92x | 1.60x | CN¥61.20 Million |
| 2023 | 9.98% | 6.70% | 0.77x | 1.93x | CN¥-194.13K |
| 2024 | 10.41% | 7.14% | 0.77x | 1.89x | CN¥5.19 Million |
Industry Comparison
This section compares Qingdao Choho Industrial Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,600,803,038
- Average return on equity (ROE) among peers: 8.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qingdao Choho Industrial Co Ltd (003033) | CN¥1.37 Billion | 1.19% | 0.80x | $673.49 Million |
| FAWER Automotive Parts Ltd Co (000030) | $8.51 Billion | 9.89% | 0.75x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $9.35 Billion | 10.17% | 1.39x | $7.81 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $2.63 Billion | 8.78% | 0.95x | $2.27 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $798.46 Million | 1.49% | 1.70x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $671.47 Million | 7.81% | 1.44x | $712.32 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $262.35 Million | 3.86% | 0.64x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.05 Billion | -7.53% | 1.24x | $782.86 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $941.64 Million | 8.22% | 0.72x | $1.62 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $1.65 Billion | 8.43% | 0.86x | $381.19 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $146.05 Million | 29.40% | 2.09x | $3.35 Billion |
About Qingdao Choho Industrial Co Ltd
Qingdao CHOHO Industrial Co.,Ltd. engages in the research, development, manufacture, and sale of chain transmission systems in China and internationally. It operates through three segments: Timing and Transmission Systems for Machinery, Transmission and Conveying Systems for Agricultural machinery, and Transmission and Conveying Systems for Industrial Equipment. The company offers engine chain sy… Read more