Qingdao Haier Co Ltd
Haier Smart Home Co., Ltd. engages in the research, development, production, and sales of smart home appliances. The company provides refrigerators/freezers, washing machines, dryer, air conditioners, water heaters, laundry equipment, kitchen and small appliances, and smart home solutions. It offers logistics services, gold-plated products, fluorine-free refrigerators, mould and process equipment… Read more
Qingdao Haier Co Ltd (600690) - Net Assets
Latest net assets as of September 2025: CN¥126.86 Billion CNY
Based on the latest financial reports, Qingdao Haier Co Ltd (600690) has net assets worth CN¥126.86 Billion 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¥291.52 Billion) and total liabilities (CN¥164.66 Billion). 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¥126.86 Billion |
| % of Total Assets | 43.52% |
| Annual Growth Rate | 18.8% |
| 5-Year Change | 73.82% |
| 10-Year Change | 265.37% |
| Growth Volatility | 19.11 |
Qingdao Haier Co Ltd - Net Assets Trend (1993–2024)
This chart illustrates how Qingdao Haier Co 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 Qingdao Haier Co Ltd (1993–2024)
The table below shows the annual net assets of Qingdao Haier Co Ltd from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥118.39 Billion | +11.78% |
| 2023-12-31 | CN¥105.91 Billion | +11.82% |
| 2022-12-31 | CN¥94.71 Billion | +16.81% |
| 2021-12-31 | CN¥81.08 Billion | +19.05% |
| 2020-12-31 | CN¥68.11 Billion | +4.80% |
| 2019-12-31 | CN¥64.99 Billion | +17.88% |
| 2018-12-31 | CN¥55.13 Billion | +17.93% |
| 2017-12-31 | CN¥46.75 Billion | +24.40% |
| 2016-12-31 | CN¥37.58 Billion | +15.98% |
| 2015-12-31 | CN¥32.40 Billion | +11.27% |
| 2014-12-31 | CN¥29.12 Billion | +45.64% |
| 2013-12-31 | CN¥19.99 Billion | +29.61% |
| 2012-12-31 | CN¥15.43 Billion | +33.69% |
| 2011-12-31 | CN¥11.54 Billion | +21.61% |
| 2010-12-31 | CN¥9.49 Billion | +8.42% |
| 2009-12-31 | CN¥8.75 Billion | +13.65% |
| 2008-12-31 | CN¥7.70 Billion | +9.14% |
| 2007-12-31 | CN¥7.06 Billion | +11.47% |
| 2006-12-31 | CN¥6.33 Billion | +4.55% |
| 2005-12-31 | CN¥6.05 Billion | -1.98% |
| 2004-12-31 | CN¥6.18 Billion | +5.84% |
| 2003-12-31 | CN¥5.84 Billion | +6.28% |
| 2002-12-31 | CN¥5.49 Billion | +3.08% |
| 2001-12-31 | CN¥5.33 Billion | +66.07% |
| 2000-12-31 | CN¥3.21 Billion | +13.98% |
| 1999-12-31 | CN¥2.81 Billion | +36.18% |
| 1998-12-31 | CN¥2.07 Billion | +16.73% |
| 1997-12-31 | CN¥1.77 Billion | +88.32% |
| 1996-12-31 | CN¥940.13 Million | +43.51% |
| 1995-12-31 | CN¥655.08 Million | -1.42% |
| 1994-12-31 | CN¥664.51 Million | +16.95% |
| 1993-12-31 | CN¥568.18 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Qingdao Haier 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 113959.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥79.29 Billion | 71.20% |
| Common Stock | CN¥9.38 Billion | 8.43% |
| Other Comprehensive Income | CN¥7.83 Billion | 7.03% |
| Other Components | CN¥14.86 Billion | 13.34% |
| Total Equity | CN¥111.37 Billion | 100.00% |
Qingdao Haier Co Ltd Competitors by Market Cap
The table below lists competitors of Qingdao Haier Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangxi Ganfeng Lithium Co Ltd
SHE:002460
|
$18.95 Billion |
|
Principal Financial Group Inc
NASDAQ:PFG
|
$18.95 Billion |
|
AVIVA PLC LS-33
F:GU81
|
$18.97 Billion |
|
Imperial Oil Ltd
NYSE MKT:IMO
|
$18.97 Billion |
|
Advanced Micro Fabrication Inc
SHG:688012
|
$18.94 Billion |
|
Inner Mongolia Yili Industrial Group Co Ltd
SHG:600887
|
$18.93 Billion |
|
Moderna Inc
NASDAQ:MRNA
|
$18.91 Billion |
|
SMC Corp
PINK:SMECF
|
$18.90 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qingdao Haier Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 103,514,153,535 to 111,366,119,000, a change of 7,851,965,465 (7.6%).
- Net income of 18,741,120,000 contributed positively to equity growth.
- Dividend payments of 9,981,640,000 reduced retained earnings.
- Share repurchases of 559,346,000 reduced equity.
- Other comprehensive income increased equity by 7,833,488,000.
- Other factors decreased equity by 8,181,656,535.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥18.74 Billion | +16.83% |
| Dividends Paid | CN¥9.98 Billion | -8.96% |
| Share Repurchases | CN¥559.35 Million | -0.5% |
| Other Comprehensive Income | CN¥7.83 Billion | +7.03% |
| Other Changes | CN¥-8.18 Billion | -7.35% |
| Total Change | CN¥- | 7.59% |
Book Value vs Market Value Analysis
This analysis compares Qingdao Haier 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: 1.95x
- 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 220.27x to 1.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | CN¥0.11 | CN¥23.35 | x |
| 1994-12-31 | CN¥0.12 | CN¥23.35 | x |
| 1995-12-31 | CN¥0.11 | CN¥23.35 | x |
| 1996-12-31 | CN¥0.17 | CN¥23.35 | x |
| 1997-12-31 | CN¥0.30 | CN¥23.35 | x |
| 1998-12-31 | CN¥0.35 | CN¥23.35 | x |
| 1999-12-31 | CN¥0.48 | CN¥23.35 | x |
| 2000-12-31 | CN¥0.54 | CN¥23.35 | x |
| 2001-12-31 | CN¥0.92 | CN¥23.35 | x |
| 2002-12-31 | CN¥0.95 | CN¥23.35 | x |
| 2003-12-31 | CN¥1.01 | CN¥23.35 | x |
| 2004-12-31 | CN¥1.07 | CN¥23.35 | x |
| 2005-12-31 | CN¥1.04 | CN¥23.35 | x |
| 2006-12-31 | CN¥1.08 | CN¥23.35 | x |
| 2007-12-31 | CN¥1.18 | CN¥23.35 | x |
| 2008-12-31 | CN¥1.27 | CN¥23.35 | x |
| 2009-12-31 | CN¥1.44 | CN¥23.35 | x |
| 2010-12-31 | CN¥1.31 | CN¥23.35 | x |
| 2011-12-31 | CN¥1.55 | CN¥23.35 | x |
| 2012-12-31 | CN¥2.07 | CN¥23.35 | x |
| 2013-12-31 | CN¥2.65 | CN¥23.35 | x |
| 2014-12-31 | CN¥3.81 | CN¥23.35 | x |
| 2015-12-31 | CN¥3.72 | CN¥23.35 | x |
| 2016-12-31 | CN¥4.31 | CN¥23.35 | x |
| 2017-12-31 | CN¥5.06 | CN¥23.35 | x |
| 2018-12-31 | CN¥6.26 | CN¥23.35 | x |
| 2019-12-31 | CN¥7.07 | CN¥23.35 | x |
| 2020-12-31 | CN¥10.05 | CN¥23.35 | x |
| 2021-12-31 | CN¥8.54 | CN¥23.35 | x |
| 2022-12-31 | CN¥9.89 | CN¥23.35 | x |
| 2023-12-31 | CN¥11.10 | CN¥23.35 | x |
| 2024-12-31 | CN¥12.00 | CN¥23.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qingdao Haier 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): 16.83%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.55%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 2.61x
- Recent ROE (16.83%) is above the historical average (16.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 12.23% | 8.74% | 1.07x | 1.31x | CN¥12.69 Million |
| 1994 | 14.51% | 10.40% | 1.15x | 1.21x | CN¥29.95 Million |
| 1995 | 19.09% | 7.66% | 1.57x | 1.59x | CN¥55.87 Million |
| 1996 | 19.67% | 6.74% | 2.01x | 1.45x | CN¥87.62 Million |
| 1997 | 15.34% | 6.39% | 1.13x | 2.12x | CN¥85.15 Million |
| 1998 | 14.74% | 7.17% | 1.11x | 1.86x | CN¥88.18 Million |
| 1999 | 12.03% | 7.82% | 1.05x | 1.46x | CN¥52.34 Million |
| 2000 | 14.67% | 8.78% | 1.20x | 1.40x | CN¥135.02 Million |
| 2001 | 12.53% | 5.40% | 1.65x | 1.41x | CN¥124.62 Million |
| 2002 | 7.80% | 3.44% | 1.56x | 1.45x | CN¥-111.93 Million |
| 2003 | 6.85% | 3.16% | 1.59x | 1.37x | CN¥-169.94 Million |
| 2004 | 6.46% | 2.41% | 2.15x | 1.24x | CN¥-202.42 Million |
| 2005 | 4.27% | 1.45% | 2.44x | 1.21x | CN¥-320.74 Million |
| 2006 | 5.43% | 1.60% | 2.31x | 1.47x | CN¥-264.68 Million |
| 2007 | 10.20% | 2.18% | 2.63x | 1.77x | CN¥12.72 Million |
| 2008 | 11.34% | 2.53% | 2.49x | 1.81x | CN¥90.78 Million |
| 2009 | 14.89% | 3.49% | 1.88x | 2.27x | CN¥377.40 Million |
| 2010 | 28.98% | 3.36% | 2.07x | 4.17x | CN¥1.33 Billion |
| 2011 | 32.26% | 3.65% | 1.85x | 4.76x | CN¥1.86 Billion |
| 2012 | 29.38% | 4.09% | 1.61x | 4.46x | CN¥2.16 Billion |
| 2013 | 28.85% | 4.82% | 1.42x | 4.22x | CN¥2.73 Billion |
| 2014 | 24.44% | 5.51% | 1.29x | 3.43x | CN¥3.15 Billion |
| 2015 | 18.96% | 4.79% | 1.18x | 3.35x | CN¥2.03 Billion |
| 2016 | 19.12% | 4.23% | 0.91x | 4.98x | CN¥2.41 Billion |
| 2017 | 21.44% | 4.23% | 1.08x | 4.70x | CN¥3.69 Billion |
| 2018 | 18.99% | 4.06% | 1.10x | 4.23x | CN¥3.54 Billion |
| 2019 | 17.14% | 4.09% | 1.07x | 3.91x | CN¥3.42 Billion |
| 2020 | 13.29% | 4.24% | 1.03x | 3.05x | CN¥2.20 Billion |
| 2021 | 16.39% | 5.76% | 1.04x | 2.72x | CN¥5.10 Billion |
| 2022 | 15.75% | 6.04% | 1.03x | 2.52x | CN¥5.37 Billion |
| 2023 | 16.03% | 6.05% | 1.08x | 2.45x | CN¥6.25 Billion |
| 2024 | 16.83% | 6.55% | 0.99x | 2.61x | CN¥7.60 Billion |
Industry Comparison
This section compares Qingdao Haier Co Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $7,925,443,228
- Average return on equity (ROE) among peers: 12.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qingdao Haier Co Ltd (600690) | CN¥126.86 Billion | 12.23% | 1.30x | $18.95 Billion |
| Midea Group Co Ltd (000333) | $56.03 Billion | 22.68% | 1.30x | $50.64 Billion |
| Changhong Meiling Co Ltd (000521) | $1.35 Billion | 8.75% | 0.73x | $591.51 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $1.09 Billion | 21.10% | 2.15x | $19.62 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $16.28 Billion | 8.81% | 2.40x | $1.66 Billion |
| Suncha Technology Co Ltd (001211) | $874.84 Million | -1.36% | 0.86x | $137.33 Million |
| Beijing Liven Technology Co. Ltd. (001259) | $147.07 Million | 8.03% | 1.46x | $99.06 Million |
| De Rucci Healthy Sleep Co. Ltd. (001323) | $1.88 Billion | 28.53% | 0.85x | $233.47 Million |
| Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) | $573.09 Million | 22.92% | 0.44x | $102.97 Million |
| Hefei Snowky Elec Co Ltd (001387) | $429.48 Million | 19.05% | 2.15x | $128.75 Million |
| Elec-Tech International Co Ltd (002005) | $606.16 Million | -10.29% | 2.03x | $390.15 Million |