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¥9.61 Billion CNY (≈ $1.41 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥24.24 Billion ≈ $3.55 Billion USD) and total liabilities (CN¥14.63 Billion ≈ $2.14 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 how tangible is Qingdao TGOOD Electric Co Ltd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥9.61 Billion |
| % of Total Assets | 39.63% |
| Annual Growth Rate | 35.76% |
| 5-Year Change | 36.61% |
| 10-Year Change | 225.17% |
| Growth Volatility | 187.34 |
Qingdao TGOOD Electric Co Ltd - Net Assets Trend (2006–2025)
This chart illustrates how Qingdao TGOOD Electric Co Ltd's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Qingdao TGOOD Electric Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Qingdao TGOOD Electric Co Ltd (2006–2025)
The table below shows the annual net assets of Qingdao TGOOD Electric Co Ltd from 2006 to 2025. For live valuation and market cap data, see 300001 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥9.52 Billion ≈ $1.39 Billion |
+12.47% |
| 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 |
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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 25914.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.06 Billion | 47.51% |
| Other Components | CN¥4.49 Billion | 52.49% |
| Total Equity | CN¥8.55 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 |
|---|---|
|
Wyndham Hotels & Resorts Inc
NYSE:WH
|
$6.19 Billion |
|
Sodexo SA
PA:SW
|
$6.19 Billion |
|
Kion Group AG
XETRA:KGX
|
$6.19 Billion |
|
Fluor Corporation
NYSE:FLR
|
$6.20 Billion |
|
Mohawk Industries Inc
NYSE:MHK
|
$6.18 Billion |
|
Accelleron Industries AG
SW:ACLN
|
$6.18 Billion |
|
Ingredion Incorporated
NYSE:INGR
|
$6.18 Billion |
|
Belite Bio Inc ADR
NASDAQ:BLTE
|
$6.17 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 2024 to 2025, total equity changed from 7,474,537,641 to 8,545,917,849, a change of 1,071,380,208 (14.3%).
- Net income of 1,243,064,876 contributed positively to equity growth.
- Dividend payments of 267,163,199 reduced retained earnings.
- Other factors increased equity by 95,478,530.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.24 Billion | +14.55% |
| Dividends Paid | CN¥267.16 Million | -3.13% |
| Other Changes | CN¥95.48 Million | +1.12% |
| Total Change | CN¥- | 14.33% |
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: 4.94x
- 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 857.74x to 4.94x 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¥40.02 | x |
| 2007-12-31 | CN¥0.07 | CN¥40.02 | x |
| 2008-12-31 | CN¥0.17 | CN¥40.02 | x |
| 2009-12-31 | CN¥1.43 | CN¥40.02 | x |
| 2010-12-31 | CN¥1.22 | CN¥40.02 | x |
| 2011-12-31 | CN¥1.29 | CN¥40.02 | x |
| 2012-12-31 | CN¥1.34 | CN¥40.02 | x |
| 2013-12-31 | CN¥1.48 | CN¥40.02 | x |
| 2014-12-31 | CN¥1.60 | CN¥40.02 | x |
| 2015-12-31 | CN¥2.70 | CN¥40.02 | x |
| 2016-12-31 | CN¥2.74 | CN¥40.02 | x |
| 2017-12-31 | CN¥2.83 | CN¥40.02 | x |
| 2018-12-31 | CN¥2.97 | CN¥40.02 | x |
| 2019-12-31 | CN¥3.20 | CN¥40.02 | x |
| 2020-12-31 | CN¥4.41 | CN¥40.02 | x |
| 2021-12-31 | CN¥7.82 | CN¥40.02 | x |
| 2022-12-31 | CN¥6.05 | CN¥40.02 | x |
| 2023-12-31 | CN¥6.54 | CN¥40.02 | x |
| 2024-12-31 | CN¥7.26 | CN¥40.02 | x |
| 2025-12-31 | CN¥8.10 | CN¥40.02 | 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): 14.55%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.87%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 3.01x
- Recent ROE (14.55%) is above the historical average (14.45%), indicating improving 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 |
| 2025 | 14.55% | 7.87% | 0.61x | 3.01x | CN¥388.47 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: $3,352,360,223
- Average return on equity (ROE) among peers: 5.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qingdao TGOOD Electric Co Ltd (300001) | CN¥9.61 Billion | 48.71% | 1.52x | $6.18 Billion |
| XJ Electric Co Ltd (000400) | $8.35 Billion | 2.39% | 0.75x | $3.38 Billion |
| Guangdong Macro Co Ltd (000533) | $874.93 Million | -1.17% | 1.71x | $1.05 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $10.43 Billion | 2.06% | 0.65x | $921.31 Million |
| Dongfang Electronics Co Ltd (000682) | $1.47 Billion | 1.37% | 0.27x | $2.76 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $881.96 Million | 3.88% | 5.40x | $753.87 Million |
| Huagong Tech Co Ltd (000988) | $2.89 Billion | 5.83% | 0.62x | $24.08 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.62 Billion | 6.74% | 1.87x | $1.39 Billion |
| Sieyuan Electric Co Ltd (002028) | $3.77 Billion | 12.11% | 0.44x | $22.10 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $198.40 Million | 6.70% | 0.29x | $447.11 Million |
| Gotion High tech Co Ltd (002074) | $3.04 Billion | 19.22% | 1.21x | $7.84 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. The company 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 renewa… Read more