Qingdao TGOOD Electric Co Ltd (300001) - Net Assets
Based on the latest financial reports, Qingdao TGOOD Electric Co Ltd (300001) has net assets worth CN¥8.97 Billion CNY (≈ $1.31 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¥25.23 Billion ≈ $3.69 Billion USD) and total liabilities (CN¥16.26 Billion ≈ $2.38 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 300001 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥8.97 Billion |
| % of Total Assets | 35.55% |
| Annual Growth Rate | 37.19% |
| 5-Year Change | 62.03% |
| 10-Year Change | 216.29% |
| Growth Volatility | 192.0 |
Qingdao TGOOD Electric Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Qingdao TGOOD Electric Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 300001 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Qingdao TGOOD Electric Co Ltd (2006–2024)
The table below shows the annual net assets of Qingdao TGOOD Electric Co Ltd from 2006 to 2024. For live valuation and market cap data, see 300001 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥8.46 Billion ≈ $1.24 Billion |
+9.96% |
| 2023-12-31 | CN¥7.70 Billion ≈ $1.13 Billion |
+6.23% |
| 2022-12-31 | CN¥7.24 Billion ≈ $1.06 Billion |
+3.98% |
| 2021-12-31 | CN¥6.97 Billion ≈ $1.02 Billion |
+33.41% |
| 2020-12-31 | CN¥5.22 Billion ≈ $764.20 Million |
+48.77% |
| 2019-12-31 | CN¥3.51 Billion ≈ $513.69 Million |
+3.18% |
| 2018-12-31 | CN¥3.40 Billion ≈ $497.87 Million |
+6.93% |
| 2017-12-31 | CN¥3.18 Billion ≈ $465.61 Million |
+8.71% |
| 2016-12-31 | CN¥2.93 Billion ≈ $428.31 Million |
+9.40% |
| 2015-12-31 | CN¥2.68 Billion ≈ $391.49 Million |
+70.77% |
| 2014-12-31 | CN¥1.57 Billion ≈ $229.25 Million |
+10.21% |
| 2013-12-31 | CN¥1.42 Billion ≈ $208.02 Million |
+19.99% |
| 2012-12-31 | CN¥1.18 Billion ≈ $173.37 Million |
+3.52% |
| 2011-12-31 | CN¥1.14 Billion ≈ $167.47 Million |
+6.00% |
| 2010-12-31 | CN¥1.08 Billion ≈ $157.99 Million |
+8.68% |
| 2009-12-31 | CN¥993.45 Million ≈ $145.37 Million |
+852.16% |
| 2008-12-31 | CN¥104.34 Million ≈ $15.27 Million |
+130.31% |
| 2007-12-31 | CN¥45.30 Million ≈ $6.63 Million |
+58.64% |
| 2006-12-31 | CN¥28.56 Million ≈ $4.18 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Qingdao TGOOD Electric 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 19101.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.00 Billion | 40.09% |
| Common Stock | CN¥1.06 Billion | 14.12% |
| Other Components | CN¥3.42 Billion | 45.79% |
| Total Equity | CN¥7.47 Billion | 100.00% |
Qingdao TGOOD Electric Co Ltd Competitors by Market Cap
The table below lists competitors of Qingdao TGOOD Electric Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
COCHLEAR LTD ADR 1/2/O.N.
F:OC50
|
$4.65 Billion |
|
Dexus
AU:DXS
|
$4.65 Billion |
|
FPT Corp
VN:FPT
|
$4.65 Billion |
|
RioCan Real Estate Investment Trust
TO:REI-UN
|
$4.65 Billion |
|
China First Heavy Industries
SHG:601106
|
$4.65 Billion |
|
Mirion Technologies Inc
NYSE:MIR
|
$4.65 Billion |
|
HLA GROUP CORP LTD
SHG:600398
|
$4.65 Billion |
|
Chipbond Technology
TWO:6147
|
$4.64 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qingdao TGOOD Electric Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,689,405,283 to 7,474,537,641, a change of 785,132,358 (11.7%).
- Net income of 916,559,146 contributed positively to equity growth.
- Dividend payments of 229,475,352 reduced retained earnings.
- Share repurchases of 204,954,009 reduced equity.
- Other factors increased equity by 303,002,573.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥916.56 Million | +12.26% |
| Dividends Paid | CN¥229.48 Million | -3.07% |
| Share Repurchases | CN¥204.95 Million | -2.74% |
| Other Changes | CN¥303.00 Million | +4.05% |
| Total Change | CN¥- | 11.74% |
Book Value vs Market Value Analysis
This analysis compares Qingdao TGOOD Electric 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: 4.15x
- 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 644.92x to 4.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.05 | CN¥30.09 | x |
| 2007-12-31 | CN¥0.07 | CN¥30.09 | x |
| 2008-12-31 | CN¥0.17 | CN¥30.09 | x |
| 2009-12-31 | CN¥1.43 | CN¥30.09 | x |
| 2010-12-31 | CN¥1.22 | CN¥30.09 | x |
| 2011-12-31 | CN¥1.29 | CN¥30.09 | x |
| 2012-12-31 | CN¥1.34 | CN¥30.09 | x |
| 2013-12-31 | CN¥1.48 | CN¥30.09 | x |
| 2014-12-31 | CN¥1.60 | CN¥30.09 | x |
| 2015-12-31 | CN¥2.70 | CN¥30.09 | x |
| 2016-12-31 | CN¥2.74 | CN¥30.09 | x |
| 2017-12-31 | CN¥2.83 | CN¥30.09 | x |
| 2018-12-31 | CN¥2.97 | CN¥30.09 | x |
| 2019-12-31 | CN¥3.20 | CN¥30.09 | x |
| 2020-12-31 | CN¥4.41 | CN¥30.09 | x |
| 2021-12-31 | CN¥7.82 | CN¥30.09 | x |
| 2022-12-31 | CN¥6.05 | CN¥30.09 | x |
| 2023-12-31 | CN¥6.54 | CN¥30.09 | x |
| 2024-12-31 | CN¥7.26 | CN¥30.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qingdao TGOOD Electric 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): 12.26%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.96%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 3.35x
- Recent ROE (12.26%) is below the historical average (14.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 48.71% | 19.98% | 1.43x | 1.70x | CN¥11.05 Million |
| 2007 | 40.67% | 14.92% | 1.30x | 2.10x | CN¥13.89 Million |
| 2008 | 58.65% | 22.58% | 1.64x | 1.58x | CN¥50.76 Million |
| 2009 | 8.39% | 21.29% | 0.36x | 1.09x | CN¥-16.02 Million |
| 2010 | 10.46% | 21.31% | 0.43x | 1.14x | CN¥4.98 Million |
| 2011 | 9.16% | 16.34% | 0.47x | 1.20x | CN¥-9.56 Million |
| 2012 | 6.78% | 12.11% | 0.45x | 1.24x | CN¥-38.10 Million |
| 2013 | 9.22% | 8.75% | 0.58x | 1.81x | CN¥-10.06 Million |
| 2014 | 11.25% | 8.23% | 0.64x | 2.14x | CN¥17.71 Million |
| 2015 | 5.92% | 4.85% | 0.47x | 2.60x | CN¥-100.52 Million |
| 2016 | 9.37% | 4.12% | 0.52x | 4.37x | CN¥-16.95 Million |
| 2017 | 9.74% | 5.45% | 0.41x | 4.35x | CN¥-7.49 Million |
| 2018 | 5.98% | 3.03% | 0.44x | 4.48x | CN¥-120.42 Million |
| 2019 | 8.47% | 4.01% | 0.45x | 4.66x | CN¥-48.92 Million |
| 2020 | 4.65% | 2.74% | 0.43x | 3.98x | CN¥-235.29 Million |
| 2021 | 3.11% | 1.98% | 0.47x | 3.36x | CN¥-414.44 Million |
| 2022 | 4.32% | 2.34% | 0.53x | 3.49x | CN¥-357.61 Million |
| 2023 | 7.34% | 3.87% | 0.53x | 3.57x | CN¥-177.79 Million |
| 2024 | 12.26% | 5.96% | 0.61x | 3.35x | CN¥169.11 Million |
Industry Comparison
This section compares Qingdao TGOOD Electric Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $3,171,276,811
- Average return on equity (ROE) among peers: 9.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qingdao TGOOD Electric Co Ltd (300001) | CN¥8.97 Billion | 48.71% | 1.81x | $4.65 Billion |
| XJ Electric Co Ltd (000400) | $12.38 Billion | 9.02% | 1.04x | $3.94 Billion |
| Guangdong Macro Co Ltd (000533) | $458.00 Million | 10.69% | 4.94x | $1.36 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $5.06 Billion | 1.06% | 0.20x | $1.04 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.31 Billion | 1.12% | 0.18x | $2.64 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $252.43 Million | 22.90% | 1.38x | $1.05 Billion |
| Huagong Tech Co Ltd (000988) | $96.48 Million | 19.13% | 0.23x | $20.11 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.54 Billion | 5.61% | 1.58x | $1.92 Billion |
| Sieyuan Electric Co Ltd (002028) | $1.88 Billion | 14.48% | 0.53x | $22.64 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $180.55 Million | -0.36% | 0.21x | $555.84 Million |
| Gotion High tech Co Ltd (002074) | $8.55 Billion | 6.79% | 1.41x | $9.88 Billion |
About Qingdao TGOOD Electric Co Ltd
Qingdao TGOOD Electric Co., Ltd. engages in the intelligent manufacturing and integrated services; and electric vehicle charging network in China and internationally. It offers high, medium, and low voltage products; electric vehicle (EV) charging networks; oil- and dry-type transformers; smart microgrid carports; and prefabricated, mobile trailer, and skid substations, as well as renewable energ… Read more