Qtone Education Group Guangdong Ltd
Qtone Education Group (Guangdong) Co.,Ltd provides online education services in China. The company offers education integration solutions, including planning and implementation of basic campus networks and data centers, IoT and security monitoring systems, and cloud platforms for school teaching and management; scheme design, equipment configuration, installation and delivery, maintenance plans a… Read more
Qtone Education Group Guangdong Ltd (300359) - Net Assets
Latest net assets as of September 2025: CN¥614.25 Million CNY
Based on the latest financial reports, Qtone Education Group Guangdong Ltd (300359) has net assets worth CN¥614.25 Million CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥756.98 Million) and total liabilities (CN¥142.73 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥614.25 Million |
| % of Total Assets | 81.14% |
| Annual Growth Rate | 23.43% |
| 5-Year Change | -12.48% |
| 10-Year Change | -65.57% |
| Growth Volatility | 115.19 |
Qtone Education Group Guangdong Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Qtone Education Group Guangdong Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Qtone Education Group Guangdong Ltd (2009–2024)
The table below shows the annual net assets of Qtone Education Group Guangdong Ltd from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥688.52 Million | -15.24% |
| 2023-12-31 | CN¥812.27 Million | +0.69% |
| 2022-12-31 | CN¥806.66 Million | +1.66% |
| 2021-12-31 | CN¥793.48 Million | +0.87% |
| 2020-12-31 | CN¥786.68 Million | +10.74% |
| 2019-12-31 | CN¥710.35 Million | -52.06% |
| 2018-12-31 | CN¥1.48 Billion | -33.37% |
| 2017-12-31 | CN¥2.22 Billion | +5.04% |
| 2016-12-31 | CN¥2.12 Billion | +5.87% |
| 2015-12-31 | CN¥2.00 Billion | +438.77% |
| 2014-12-31 | CN¥371.18 Million | +72.83% |
| 2013-12-31 | CN¥214.76 Million | +16.23% |
| 2012-12-31 | CN¥184.77 Million | +25.94% |
| 2011-12-31 | CN¥146.71 Million | +137.52% |
| 2010-12-31 | CN¥61.77 Million | +110.96% |
| 2009-12-31 | CN¥29.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Qtone Education Group Guangdong 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 decreased by 8118.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥633.33 Million | 106.52% |
| Other Comprehensive Income | CN¥16.87 Million | 2.84% |
| Other Components | CN¥974.92 Million | 163.97% |
| Total Equity | CN¥594.56 Million | 100.00% |
Qtone Education Group Guangdong Ltd Competitors by Market Cap
The table below lists competitors of Qtone Education Group Guangdong Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Parke Bancorp Inc
NASDAQ:PKBK
|
$272.93 Million |
|
Henan Rebecca Hair Products Co Ltd
SHG:600439
|
$272.96 Million |
|
Zhejiang Whyis Technology Co.Ltd.
SHE:301218
|
$272.98 Million |
|
Monopar Therapeutics Inc
NASDAQ:MNPR
|
$273.04 Million |
|
STECON GROUP NON-VOTING DR PCL
BK:STECON
|
$272.91 Million |
|
Shaanxi Kanghui Pharm Co Ltd
SHG:603139
|
$272.90 Million |
|
Community Health Systems Inc
NYSE:CYH
|
$272.88 Million |
|
Eventbrite Inc
F:EB4
|
$272.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qtone Education Group Guangdong Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 701,095,426 to 594,555,538, a change of -106,539,888 (-15.2%).
- Net loss of 104,484,418 reduced equity.
- Dividend payments of 1,578 reduced retained earnings.
- Other comprehensive income increased equity by 24,552,427.
- Other factors decreased equity by 26,606,319.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-104.48 Million | -17.57% |
| Dividends Paid | CN¥1.58K | -0.0% |
| Other Comprehensive Income | CN¥24.55 Million | +4.13% |
| Other Changes | CN¥-26.61 Million | -4.47% |
| Total Change | CN¥- | -15.20% |
Book Value vs Market Value Analysis
This analysis compares Qtone Education Group Guangdong 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: 5.80x
- 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 57.66x to 5.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.09 | CN¥5.28 | x |
| 2010-12-31 | CN¥0.17 | CN¥5.28 | x |
| 2011-12-31 | CN¥0.31 | CN¥5.28 | x |
| 2012-12-31 | CN¥0.37 | CN¥5.28 | x |
| 2013-12-31 | CN¥0.44 | CN¥5.28 | x |
| 2014-12-31 | CN¥0.69 | CN¥5.28 | x |
| 2015-12-31 | CN¥3.50 | CN¥5.28 | x |
| 2016-12-31 | CN¥3.13 | CN¥5.28 | x |
| 2017-12-31 | CN¥3.12 | CN¥5.28 | x |
| 2018-12-31 | CN¥2.14 | CN¥5.28 | x |
| 2019-12-31 | CN¥0.99 | CN¥5.28 | x |
| 2020-12-31 | CN¥3.28 | CN¥5.28 | x |
| 2021-12-31 | CN¥3.35 | CN¥5.28 | x |
| 2022-12-31 | CN¥1.11 | CN¥5.28 | x |
| 2023-12-31 | CN¥1.09 | CN¥5.28 | x |
| 2024-12-31 | CN¥0.91 | CN¥5.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qtone Education Group Guangdong 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): -17.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -23.61%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.47x
- Recent ROE (-17.57%) is below the historical average (0.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 46.33% | 21.51% | 1.79x | 1.20x | CN¥10.64 Million |
| 2010 | 44.50% | 27.42% | 1.40x | 1.16x | CN¥21.31 Million |
| 2011 | 25.34% | 26.08% | 0.86x | 1.12x | CN¥22.51 Million |
| 2012 | 23.65% | 27.91% | 0.78x | 1.09x | CN¥25.23 Million |
| 2013 | 19.55% | 24.38% | 0.72x | 1.11x | CN¥20.52 Million |
| 2014 | 12.09% | 23.30% | 0.49x | 1.07x | CN¥7.76 Million |
| 2015 | 4.86% | 21.32% | 0.19x | 1.22x | CN¥-98.93 Million |
| 2016 | 5.11% | 10.53% | 0.38x | 1.28x | CN¥-98.64 Million |
| 2017 | 3.20% | 6.43% | 0.36x | 1.38x | CN¥-140.63 Million |
| 2018 | -48.68% | -78.26% | 0.39x | 1.60x | CN¥-792.13 Million |
| 2019 | -114.83% | -99.84% | 0.53x | 2.16x | CN¥-778.91 Million |
| 2020 | 7.40% | 7.09% | 0.53x | 1.99x | CN¥-17.56 Million |
| 2021 | 1.33% | 1.28% | 0.55x | 1.90x | CN¥-59.75 Million |
| 2022 | 1.79% | 2.08% | 0.52x | 1.66x | CN¥-57.76 Million |
| 2023 | 0.92% | 1.00% | 0.61x | 1.50x | CN¥-63.66 Million |
| 2024 | -17.57% | -23.61% | 0.50x | 1.47x | CN¥-163.94 Million |
Industry Comparison
This section compares Qtone Education Group Guangdong Ltd's net assets metrics with peer companies in the Education & Training Services industry.
Industry Context
- Industry: Education & Training Services
- Average net assets among peers: $589,912,014
- Average return on equity (ROE) among peers: 9.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qtone Education Group Guangdong Ltd (300359) | CN¥614.25 Million | 46.33% | 0.23x | $272.91 Million |
| Xiamen Insight Investment Co Ltd (000526) | $144.51 Million | 3.45% | 0.42x | $408.37 Million |
| Offcn Education Technology Co Ltd (002607) | $208.39 Million | 19.18% | 2.52x | $2.32 Billion |
| COL Digital Publishing Group Co Ltd (300364) | $301.91 Million | 15.29% | 0.43x | $2.20 Billion |
| Shandong Astro-century Education&Technology Co Ltd (300654) | $215.99 Million | 15.71% | 1.01x | $259.11 Million |
| Nanjing University Environmental (300864) | $1.35 Billion | 12.35% | 0.48x | $128.47 Million |
| Shanghai Xin Nanyang Co Ltd (600661) | $428.43 Million | -7.61% | 1.31x | $196.28 Million |
| China Hi-Tech Group Co Ltd (600730) | $152.21 Million | 10.73% | 1.31x | $582.60 Million |
| Eastern Pioneer Auto Driving S (603377) | $2.37 Billion | -2.39% | 1.14x | $248.54 Million |
| Shanghai Action Education Technology CO.LTD. (605098) | $134.62 Million | 17.48% | 1.58x | $330.20 Million |