Queclink Wireless Solutions Co Ltd (300590) - Net Assets
Based on the latest financial reports, Queclink Wireless Solutions Co Ltd (300590) has net assets worth CN¥1.89 Billion CNY (≈ $276.34 Million 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¥2.22 Billion ≈ $324.13 Million USD) and total liabilities (CN¥326.64 Million ≈ $47.80 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. Also explore total assets of Queclink Wireless Solutions Co Ltd for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.89 Billion |
| % of Total Assets | 85.25% |
| Annual Growth Rate | 37.73% |
| 5-Year Change | 18.79% |
| 10-Year Change | 808.18% |
| Growth Volatility | 78.28 |
Queclink Wireless Solutions Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Queclink Wireless Solutions Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Queclink Wireless Solutions Co Ltd (300590) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Queclink Wireless Solutions Co Ltd (2012–2025)
The table below shows the annual net assets of Queclink Wireless Solutions Co Ltd from 2012 to 2025. For live valuation and market cap data, see Queclink Wireless Solutions Co Ltd (300590) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.84 Billion ≈ $268.75 Million |
-1.33% |
| 2024-12-31 | CN¥1.86 Billion ≈ $272.37 Million |
+5.43% |
| 2023-12-31 | CN¥1.77 Billion ≈ $258.35 Million |
+4.62% |
| 2022-12-31 | CN¥1.69 Billion ≈ $246.94 Million |
+9.15% |
| 2021-12-31 | CN¥1.55 Billion ≈ $226.25 Million |
+43.55% |
| 2020-12-31 | CN¥1.08 Billion ≈ $157.61 Million |
+7.22% |
| 2019-12-31 | CN¥1.00 Billion ≈ $147.00 Million |
+16.23% |
| 2018-12-31 | CN¥864.24 Million ≈ $126.47 Million |
+12.33% |
| 2017-12-31 | CN¥769.37 Million ≈ $112.58 Million |
+280.45% |
| 2016-12-31 | CN¥202.23 Million ≈ $29.59 Million |
+13.00% |
| 2015-12-31 | CN¥178.96 Million ≈ $26.19 Million |
+49.84% |
| 2014-12-31 | CN¥119.43 Million ≈ $17.48 Million |
+59.80% |
| 2013-12-31 | CN¥74.74 Million ≈ $10.94 Million |
+161.02% |
| 2012-12-31 | CN¥28.63 Million ≈ $4.19 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Queclink Wireless Solutions 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 4117.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥748.48 Million | 40.76% |
| Other Components | CN¥1.09 Billion | 59.24% |
| Total Equity | CN¥1.84 Billion | 100.00% |
Queclink Wireless Solutions Co Ltd Competitors by Market Cap
The table below lists competitors of Queclink Wireless Solutions Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LOGAN GROUP HD -10
F:5LP
|
$690.01 Million |
|
Beijing Telesound Electronics Co Ltd
SHE:003004
|
$690.11 Million |
|
Gujarat Ambuja Exports Limited
NSE:GAEL
|
$690.18 Million |
|
China Hi-Tech Group Co Ltd
SHG:600730
|
$690.20 Million |
|
Minerva S.A
SA:BEEF3
|
$689.76 Million |
|
Zhejiang Jiaao Enprotech
SHG:603822
|
$689.70 Million |
|
Steel Partners Holdings LP
NYSE:SPLP
|
$689.61 Million |
|
Yangzhou Seashine New Materials Co
SHE:300885
|
$689.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Queclink Wireless Solutions Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,861,319,098 to 1,836,516,621, a change of -24,802,477 (-1.3%).
- Net income of 75,144,000 contributed positively to equity growth.
- Dividend payments of 100,571,984 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥75.14 Million | +4.09% |
| Dividends Paid | CN¥100.57 Million | -5.48% |
| Other Changes | CN¥625.51K | +0.03% |
| Total Change | CN¥- | -1.33% |
Book Value vs Market Value Analysis
This analysis compares Queclink Wireless Solutions 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: 2.61x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 17.31x to 2.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥0.59 | CN¥10.20 | x |
| 2013-12-31 | CN¥1.54 | CN¥10.20 | x |
| 2014-12-31 | CN¥0.37 | CN¥10.20 | x |
| 2015-12-31 | CN¥0.55 | CN¥10.20 | x |
| 2016-12-31 | CN¥0.62 | CN¥10.20 | x |
| 2017-12-31 | CN¥1.82 | CN¥10.20 | x |
| 2018-12-31 | CN¥2.00 | CN¥10.20 | x |
| 2019-12-31 | CN¥2.30 | CN¥10.20 | x |
| 2020-12-31 | CN¥2.46 | CN¥10.20 | x |
| 2021-12-31 | CN¥3.48 | CN¥10.20 | x |
| 2022-12-31 | CN¥3.67 | CN¥10.20 | x |
| 2023-12-31 | CN¥3.85 | CN¥10.20 | x |
| 2024-12-31 | CN¥4.11 | CN¥10.20 | x |
| 2025-12-31 | CN¥3.91 | CN¥10.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Queclink Wireless Solutions 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): 4.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.43%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.18x
- Recent ROE (4.09%) is below the historical average (28.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 75.29% | 25.94% | 1.74x | 1.67x | CN¥18.70 Million |
| 2013 | 59.81% | 30.34% | 1.58x | 1.24x | CN¥37.23 Million |
| 2014 | 64.22% | 38.57% | 1.30x | 1.28x | CN¥64.75 Million |
| 2015 | 56.73% | 34.83% | 1.32x | 1.23x | CN¥83.63 Million |
| 2016 | 47.11% | 35.26% | 0.98x | 1.37x | CN¥75.05 Million |
| 2017 | 12.60% | 26.75% | 0.41x | 1.15x | CN¥20.00 Million |
| 2018 | 14.42% | 26.16% | 0.45x | 1.23x | CN¥38.18 Million |
| 2019 | 16.15% | 25.78% | 0.53x | 1.18x | CN¥61.81 Million |
| 2020 | 8.40% | 19.14% | 0.37x | 1.17x | CN¥-17.24 Million |
| 2021 | 10.06% | 16.89% | 0.47x | 1.27x | CN¥940.07K |
| 2022 | 9.81% | 16.53% | 0.51x | 1.16x | CN¥-3.12 Million |
| 2023 | 8.31% | 14.45% | 0.50x | 1.15x | CN¥-29.80 Million |
| 2024 | 8.52% | 16.40% | 0.46x | 1.13x | CN¥-27.52 Million |
| 2025 | 4.09% | 8.43% | 0.41x | 1.18x | CN¥-108.51 Million |
Industry Comparison
This section compares Queclink Wireless Solutions Co Ltd's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $1,838,634,159
- Average return on equity (ROE) among peers: 13.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Queclink Wireless Solutions Co Ltd (300590) | CN¥1.89 Billion | 75.29% | 0.17x | $689.93 Million |
| Beijing BDStar Navigation Co Ltd (002151) | $5.61 Billion | 2.87% | 0.16x | $2.20 Billion |
| Oriental Times Media Corp (002175) | $258.64 Million | 8.11% | 0.42x | $463.35 Million |
| Changchun UP Optotech Co Ltd (002338) | $115.80 Million | 25.31% | 0.81x | $1.35 Billion |
| Nanjing Sciyon Automation Group Co Ltd (002380) | $2.36 Billion | 5.50% | 0.29x | $976.29 Million |
| Beijing UniStrong Science & Technology Co Ltd (002383) | $285.64 Million | 28.39% | 0.38x | $708.53 Million |
| Jiangsu Changfa Refrigeration Co Ltd (002413) | $1.16 Billion | 8.26% | 0.39x | $1.50 Billion |
| Wuhan Guide Infrared Co Ltd (002414) | $4.35 Billion | 22.99% | 0.47x | $8.60 Billion |
| Shenzhen Jieshun Science and Technology Industry Co Ltd (002609) | $726.11 Million | 9.95% | 0.28x | $688.28 Million |
| Beijing SDL Technology Co Ltd (002658) | $2.66 Billion | 10.65% | 0.30x | $657.73 Million |
| Shenzhen Soling Industrial Co Ltd (002766) | $852.04 Million | 8.98% | 1.16x | $449.19 Million |
About Queclink Wireless Solutions Co Ltd
Queclink Wireless Solutions Co., Ltd., together with its subsidiaries, researches, develops, manufactures, and sells wireless IoT equipment and solutions in China and internationally. The company offers in-vehicle information intelligent terminals; asset management information intelligent terminals; two-wheeled vehicle intelligent terminals; cold chain transportation management intelligent termin… Read more