Qingdao Greensum Ecology Co. Ltd. (300948) - Net Assets
Based on the latest financial reports, Qingdao Greensum Ecology Co. Ltd. (300948) has net assets worth CN¥804.74 Million CNY (≈ $117.76 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.60 Billion ≈ $233.92 Million USD) and total liabilities (CN¥793.80 Million ≈ $116.16 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 300948 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥804.74 Million |
| % of Total Assets | 50.34% |
| Annual Growth Rate | 14.96% |
| 5-Year Change | 72.98% |
| 10-Year Change | N/A |
| Growth Volatility | 27.66 |
Qingdao Greensum Ecology Co. Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how Qingdao Greensum Ecology Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore 300948 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Qingdao Greensum Ecology Co. Ltd. (2019–2024)
The table below shows the annual net assets of Qingdao Greensum Ecology Co. Ltd. from 2019 to 2024. For live valuation and market cap data, see 300948 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥807.98 Million ≈ $118.23 Million |
-10.77% |
| 2023-12-31 | CN¥905.46 Million ≈ $132.50 Million |
+7.61% |
| 2022-12-31 | CN¥841.46 Million ≈ $123.13 Million |
+5.78% |
| 2021-12-31 | CN¥795.49 Million ≈ $116.40 Million |
+70.31% |
| 2020-12-31 | CN¥467.09 Million ≈ $68.35 Million |
+16.08% |
| 2019-12-31 | CN¥402.37 Million ≈ $58.88 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Qingdao Greensum Ecology 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 58.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥291.02 Million | 36.02% |
| Other Components | CN¥516.96 Million | 63.98% |
| Total Equity | CN¥807.98 Million | 100.00% |
Qingdao Greensum Ecology Co. Ltd. Competitors by Market Cap
The table below lists competitors of Qingdao Greensum Ecology Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bloomin Brands Inc
NASDAQ:BLMN
|
$485.45 Million |
|
Fulcrum Therapeutics Inc
NASDAQ:FULC
|
$485.54 Million |
|
Regal Investment Fund
AU:RF1
|
$485.65 Million |
|
enGene Holdings Inc. Common Stock
NASDAQ:ENGN
|
$485.67 Million |
|
Keck Seng Malaysia Bhd
KLSE:3476
|
$485.33 Million |
|
Sierra Bancorp
NASDAQ:BSRR
|
$485.29 Million |
|
Anhui ANLI Artificial Leather
SHE:300218
|
$485.17 Million |
|
Guangdong Modern High Tech Fiber Co
SHE:300876
|
$484.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qingdao Greensum Ecology Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 905,463,518 to 807,978,005, a change of -97,485,513 (-10.8%).
- Net loss of 70,900,209 reduced equity.
- Dividend payments of 9,254,840 reduced retained earnings.
- Other factors decreased equity by 17,330,464.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-70.90 Million | -8.78% |
| Dividends Paid | CN¥9.25 Million | -1.15% |
| Other Changes | CN¥-17.33 Million | -2.14% |
| Total Change | CN¥- | -10.77% |
Book Value vs Market Value Analysis
This analysis compares Qingdao Greensum Ecology 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: 3.60x
- 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 5.43x to 3.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥3.83 | CN¥20.80 | x |
| 2020-12-31 | CN¥4.45 | CN¥20.80 | x |
| 2021-12-31 | CN¥5.68 | CN¥20.80 | x |
| 2022-12-31 | CN¥6.01 | CN¥20.80 | x |
| 2023-12-31 | CN¥6.47 | CN¥20.80 | x |
| 2024-12-31 | CN¥5.77 | CN¥20.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qingdao Greensum Ecology 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): -8.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -48.80%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 2.01x
- Recent ROE (-8.78%) is below the historical average (6.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 16.84% | 24.36% | 0.41x | 1.67x | CN¥27.50 Million |
| 2020 | 13.59% | 21.74% | 0.42x | 1.50x | CN¥16.78 Million |
| 2021 | 9.82% | 19.43% | 0.37x | 1.38x | CN¥-1.42 Million |
| 2022 | 6.68% | 12.40% | 0.34x | 1.57x | CN¥-27.91 Million |
| 2023 | 3.77% | 9.06% | 0.21x | 1.98x | CN¥-56.37 Million |
| 2024 | -8.78% | -48.80% | 0.09x | 2.01x | CN¥-151.70 Million |
Industry Comparison
This section compares Qingdao Greensum Ecology Co. Ltd.'s net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $3,067,859,741
- Average return on equity (ROE) among peers: 8.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qingdao Greensum Ecology Co. Ltd. (300948) | CN¥804.74 Million | 16.84% | 0.99x | $485.40 Million |
| China Tianying Inc (000035) | $2.06 Billion | 10.27% | 1.91x | $2.28 Billion |
| HeiLongJiang Kingland Technology Co Ltd (000711) | $325.53 Million | -9.31% | 0.66x | $2.06 Billion |
| BECE Legend Group Co Ltd (000803) | $152.97 Million | 2.06% | 0.80x | $599.78 Million |
| Tus-Sound Environmental Resources Co Ltd (000826) | $130.73 Million | 28.96% | 1.01x | $408.81 Million |
| Wangneng Environment Co Ltd (002034) | $424.84 Million | 9.00% | 0.73x | $1.11 Billion |
| Beijing Orient Landscape Co Ltd (002310) | $12.65 Billion | 0.13% | 2.35x | $2.69 Billion |
| GEM Co Ltd (002340) | $10.22 Billion | 7.14% | 1.44x | $6.83 Billion |
| Dongjiang Environmental Co Ltd (002672) | $2.45 Billion | 8.50% | 0.33x | $585.42 Million |
| Qiaoyin Environmental Tech Co Ltd (002973) | $462.58 Million | 21.52% | 0.41x | $752.89 Million |
| Tongxing Environmental Protection (003027) | $1.79 Billion | 6.69% | 0.51x | $453.74 Million |
About Qingdao Greensum Ecology Co. Ltd.
Qingdao Greensum Ecology Co., Ltd. engages in the ecological environment construction business in China and internationally. The company is involved in the vegetation restoration, water and soil conservation, sand prevention and control, soil restoration, and water environment management activities; and artificial environment ecological construction business, such as landscaping gardening, munici… Read more