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¥1.82 Billion CNY (≈ $266.83 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¥2.04 Billion ≈ $298.82 Million USD) and total liabilities (CN¥218.64 Million ≈ $31.99 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 Queclink Wireless Solutions Co Ltd (300590) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.82 Billion |
| % of Total Assets | 89.29% |
| Annual Growth Rate | 41.61% |
| 5-Year Change | 72.82% |
| 10-Year Change | 940.1% |
| Growth Volatility | 79.96 |
Queclink Wireless Solutions Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Queclink Wireless Solutions Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Queclink Wireless Solutions Co Ltd (300590) total assets for the complete picture of this company's asset base.
Annual Net Assets for Queclink Wireless Solutions Co Ltd (2012–2024)
The table below shows the annual net assets of Queclink Wireless Solutions Co Ltd from 2012 to 2024. For live valuation and market cap data, see Queclink Wireless Solutions Co Ltd (300590) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 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 4326.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥785.70 Million | 42.21% |
| Common Stock | CN¥459.82 Million | 24.70% |
| Other Components | CN¥615.80 Million | 33.08% |
| Total Equity | CN¥1.86 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 |
|---|---|
|
Kunming Chuan Jin Nuo Chemical Co Ltd
SHE:300505
|
$1.03 Billion |
|
Liquidity Services Inc
NASDAQ:LQDT
|
$1.03 Billion |
|
L&C Bio Co. Ltd
KQ:290650
|
$1.03 Billion |
|
Everlight Electronics Co Ltd
TW:2393
|
$1.03 Billion |
|
Yunding Technology Co Ltd
SHE:000409
|
$1.03 Billion |
|
Hangzhou Huaguang Advanced Welding Materials Co Ltd
SHG:688379
|
$1.03 Billion |
|
Wafer Works
TWO:6182
|
$1.03 Billion |
|
BKI Investment Company Ltd
AU:BKI
|
$1.03 Billion |
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 2023 to 2024, total equity changed from 1,765,500,984 to 1,861,319,098, a change of 95,818,114 (5.4%).
- Net income of 158,610,048 contributed positively to equity growth.
- Dividend payments of 68,416,311 reduced retained earnings.
- Share repurchases of 4,965,155 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥158.61 Million | +8.52% |
| Dividends Paid | CN¥68.42 Million | -3.68% |
| Share Repurchases | CN¥4.97 Million | -0.27% |
| Other Changes | CN¥10.59 Million | +0.57% |
| Total Change | CN¥- | 5.43% |
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: 3.72x
- 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 25.95x to 3.72x 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¥15.29 | x |
| 2013-12-31 | CN¥1.54 | CN¥15.29 | x |
| 2014-12-31 | CN¥0.37 | CN¥15.29 | x |
| 2015-12-31 | CN¥0.55 | CN¥15.29 | x |
| 2016-12-31 | CN¥0.62 | CN¥15.29 | x |
| 2017-12-31 | CN¥1.82 | CN¥15.29 | x |
| 2018-12-31 | CN¥2.00 | CN¥15.29 | x |
| 2019-12-31 | CN¥2.30 | CN¥15.29 | x |
| 2020-12-31 | CN¥2.46 | CN¥15.29 | x |
| 2021-12-31 | CN¥3.48 | CN¥15.29 | x |
| 2022-12-31 | CN¥3.67 | CN¥15.29 | x |
| 2023-12-31 | CN¥3.85 | CN¥15.29 | x |
| 2024-12-31 | CN¥4.11 | CN¥15.29 | 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): 8.52%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.40%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.13x
- Recent ROE (8.52%) is below the historical average (30.11%), 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 |
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: $2,134,469,532
- Average return on equity (ROE) among peers: 6.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Queclink Wireless Solutions Co Ltd (300590) | CN¥1.82 Billion | 75.29% | 0.12x | $1.03 Billion |
| Beijing BDStar Navigation Co Ltd (002151) | $849.33 Million | 5.08% | 0.99x | $3.50 Billion |
| Oriental Times Media Corp (002175) | $266.57 Million | 2.97% | 0.47x | $470.82 Million |
| Changchun UP Optotech Co Ltd (002338) | $616.40 Million | 7.79% | 0.19x | $2.18 Billion |
| Nanjing Sciyon Automation Group Co Ltd (002380) | $989.98 Million | 6.19% | 0.27x | $1.27 Billion |
| Beijing UniStrong Science & Technology Co Ltd (002383) | $369.67 Million | 22.71% | 0.27x | $1.05 Billion |
| Jiangsu Changfa Refrigeration Co Ltd (002413) | $4.96 Billion | -4.85% | 0.30x | $2.68 Billion |
| Wuhan Guide Infrared Co Ltd (002414) | $7.59 Billion | 14.63% | 0.22x | $9.38 Billion |
| Shenzhen Jieshun Science and Technology Industry Co Ltd (002609) | $2.50 Billion | 1.25% | 0.48x | $822.92 Million |
| Beijing SDL Technology Co Ltd (002658) | $2.23 Billion | 6.74% | 0.45x | $848.45 Million |
| Shenzhen Soling Industrial Co Ltd (002766) | $963.36 Million | 6.77% | 0.53x | $618.23 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