XiAn Qujiang Cultural Tourism Co Ltd (600706) - Net Assets
Based on the latest financial reports, XiAn Qujiang Cultural Tourism Co Ltd (600706) has net assets worth CN¥651.51 Million CNY (≈ $95.34 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¥2.79 Billion ≈ $407.62 Million USD) and total liabilities (CN¥2.13 Billion ≈ $312.28 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 600706 total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥651.51 Million |
| % of Total Assets | 23.39% |
| Annual Growth Rate | 6.44% |
| 5-Year Change | -27.82% |
| 10-Year Change | -14.71% |
| Growth Volatility | 42.61 |
XiAn Qujiang Cultural Tourism Co Ltd - Net Assets Trend (1994–2024)
This chart illustrates how XiAn Qujiang Cultural Tourism Co Ltd's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see XiAn Qujiang Cultural Tourism Co Ltd (600706) market capitalisation.
Annual Net Assets for XiAn Qujiang Cultural Tourism Co Ltd (1994–2024)
The table below shows the annual net assets of XiAn Qujiang Cultural Tourism Co Ltd from 1994 to 2024. Explore XiAn Qujiang Cultural Tourism Co Ltd cash conversion from operations to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥713.01 Million ≈ $104.34 Million |
-13.01% |
| 2023-12-31 | CN¥819.63 Million ≈ $119.94 Million |
-18.53% |
| 2022-12-31 | CN¥1.01 Billion ≈ $147.22 Million |
-18.41% |
| 2021-12-31 | CN¥1.23 Billion ≈ $180.45 Million |
+24.83% |
| 2020-12-31 | CN¥987.82 Million ≈ $144.55 Million |
-6.69% |
| 2019-12-31 | CN¥1.06 Billion ≈ $154.91 Million |
+3.28% |
| 2018-12-31 | CN¥1.03 Billion ≈ $149.99 Million |
+7.84% |
| 2017-12-31 | CN¥950.49 Million ≈ $139.09 Million |
+7.11% |
| 2016-12-31 | CN¥887.36 Million ≈ $129.85 Million |
+6.15% |
| 2015-12-31 | CN¥835.96 Million ≈ $122.33 Million |
+6.33% |
| 2014-12-31 | CN¥786.22 Million ≈ $115.05 Million |
+3.52% |
| 2013-12-31 | CN¥759.47 Million ≈ $111.13 Million |
+11.49% |
| 2012-12-31 | CN¥681.21 Million ≈ $99.68 Million |
+963.45% |
| 2011-12-31 | CN¥-78.89 Million ≈ $-11.54 Million |
-39.50% |
| 2010-12-31 | CN¥-56.56 Million ≈ $-8.28 Million |
-14.79% |
| 2009-12-31 | CN¥-49.27 Million ≈ $-7.21 Million |
-144.66% |
| 2008-12-31 | CN¥110.33 Million ≈ $16.14 Million |
-13.60% |
| 2007-12-31 | CN¥127.70 Million ≈ $18.69 Million |
-4.56% |
| 2006-12-31 | CN¥133.80 Million ≈ $19.58 Million |
-53.65% |
| 2005-12-31 | CN¥288.69 Million ≈ $42.24 Million |
-27.11% |
| 2004-12-31 | CN¥396.04 Million ≈ $57.95 Million |
+39.48% |
| 2003-12-31 | CN¥283.94 Million ≈ $41.55 Million |
+57.29% |
| 2002-12-31 | CN¥180.52 Million ≈ $26.42 Million |
-12.80% |
| 2001-12-31 | CN¥207.01 Million ≈ $30.29 Million |
+38.37% |
| 2000-12-31 | CN¥149.61 Million ≈ $21.89 Million |
-20.64% |
| 1999-12-31 | CN¥188.52 Million ≈ $27.59 Million |
-38.63% |
| 1998-12-31 | CN¥307.20 Million ≈ $44.95 Million |
+115.66% |
| 1997-12-31 | CN¥142.44 Million ≈ $20.84 Million |
+13.45% |
| 1996-12-31 | CN¥125.56 Million ≈ $18.37 Million |
+21.31% |
| 1995-12-31 | CN¥103.50 Million ≈ $15.15 Million |
-5.53% |
| 1994-12-31 | CN¥109.56 Million ≈ $16.03 Million |
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Equity Component Analysis
This analysis shows how different components contribute to XiAn Qujiang Cultural Tourism 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 decreased by 1075.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥255.06 Million | 38.68% |
| Other Comprehensive Income | CN¥30.27 Million | 4.59% |
| Other Components | CN¥593.84 Million | 90.05% |
| Total Equity | CN¥659.47 Million | 100.00% |
XiAn Qujiang Cultural Tourism Co Ltd Competitors by Market Cap
The table below lists competitors of XiAn Qujiang Cultural Tourism Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DWS Municipal Income Trust
NYSE:KTF
|
$356.08 Million |
|
Shandong Sino-Agri United Biotechnology Co Ltd
SHE:003042
|
$356.31 Million |
|
Oceana
JSE:OCE
|
$356.37 Million |
|
Baoding Dongli Machinery Co.Ltd.
SHE:301298
|
$356.38 Million |
|
Grupo Rotoplas SAB de CV
MX:AGUA
|
$355.93 Million |
|
Monopar Therapeutics Inc
NASDAQ:MNPR
|
$355.85 Million |
|
Shanghai Kaytune Industrial Co.Ltd
SHE:301001
|
$355.76 Million |
|
A-LIVING SM.CI.SV. H YC 1
F:1V0
|
$355.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in XiAn Qujiang Cultural Tourism Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 767,256,709 to 659,474,800, a change of -107,781,909 (-14.0%).
- Net loss of 131,323,615 reduced equity.
- Dividend payments of 49,042,893 reduced retained earnings.
- Other comprehensive income increased equity by 30,267,262.
- Other factors increased equity by 42,317,337.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-131.32 Million | -19.91% |
| Dividends Paid | CN¥49.04 Million | -7.44% |
| Other Comprehensive Income | CN¥30.27 Million | +4.59% |
| Other Changes | CN¥42.32 Million | +6.42% |
| Total Change | CN¥- | -14.05% |
Book Value vs Market Value Analysis
This analysis compares XiAn Qujiang Cultural Tourism 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: 3.69x
- 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 9.68x to 3.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CN¥0.99 | CN¥9.54 | x |
| 1995-12-31 | CN¥0.93 | CN¥9.54 | x |
| 1996-12-31 | CN¥1.13 | CN¥9.54 | x |
| 1997-12-31 | CN¥1.28 | CN¥9.54 | x |
| 1998-12-31 | CN¥2.03 | CN¥9.54 | x |
| 1999-12-31 | CN¥0.99 | CN¥9.54 | x |
| 2000-12-31 | CN¥1.08 | CN¥9.54 | x |
| 2001-12-31 | CN¥1.24 | CN¥9.54 | x |
| 2002-12-31 | CN¥1.42 | CN¥9.54 | x |
| 2003-12-31 | CN¥1.71 | CN¥9.54 | x |
| 2004-12-31 | CN¥1.97 | CN¥9.54 | x |
| 2005-12-31 | CN¥1.16 | CN¥9.54 | x |
| 2006-12-31 | CN¥0.10 | CN¥9.54 | x |
| 2007-12-31 | CN¥0.28 | CN¥9.54 | x |
| 2008-12-31 | CN¥0.26 | CN¥9.54 | x |
| 2009-12-31 | CN¥-0.60 | CN¥9.54 | x |
| 2010-12-31 | CN¥-0.59 | CN¥9.54 | x |
| 2011-12-31 | CN¥-0.77 | CN¥9.54 | x |
| 2012-12-31 | CN¥3.87 | CN¥9.54 | x |
| 2013-12-31 | CN¥3.49 | CN¥9.54 | x |
| 2014-12-31 | CN¥3.60 | CN¥9.54 | x |
| 2015-12-31 | CN¥3.91 | CN¥9.54 | x |
| 2016-12-31 | CN¥4.15 | CN¥9.54 | x |
| 2017-12-31 | CN¥4.43 | CN¥9.54 | x |
| 2018-12-31 | CN¥4.71 | CN¥9.54 | x |
| 2019-12-31 | CN¥4.91 | CN¥9.54 | x |
| 2020-12-31 | CN¥4.56 | CN¥9.54 | x |
| 2021-12-31 | CN¥4.90 | CN¥9.54 | x |
| 2022-12-31 | CN¥3.77 | CN¥9.54 | x |
| 2023-12-31 | CN¥3.02 | CN¥9.54 | x |
| 2024-12-31 | CN¥2.59 | CN¥9.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently XiAn Qujiang Cultural Tourism 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): -19.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.48%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 4.60x
- Recent ROE (-19.91%) is above the historical average (-38.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 14.97% | 11.35% | 0.87x | 1.52x | CN¥5.45 Million |
| 1995 | 14.98% | 7.56% | 0.99x | 2.01x | CN¥5.18 Million |
| 1996 | 10.59% | 6.91% | 0.75x | 2.04x | CN¥738.04K |
| 1997 | 11.32% | 6.64% | 0.71x | 2.39x | CN¥1.87 Million |
| 1998 | 3.27% | 2.29% | 0.69x | 2.06x | CN¥-15.25 Million |
| 1999 | -91.19% | -54.64% | 0.38x | 4.38x | CN¥-111.54 Million |
| 2000 | 9.14% | 2.90% | 0.52x | 6.05x | CN¥-1.03 Million |
| 2001 | 14.36% | 3.34% | 0.73x | 5.91x | CN¥6.05 Million |
| 2002 | 10.70% | 10.29% | 0.19x | 5.58x | CN¥1.12 Million |
| 2003 | 16.05% | 10.02% | 0.30x | 5.36x | CN¥11.54 Million |
| 2004 | 8.60% | 5.05% | 0.27x | 6.42x | CN¥-3.08 Million |
| 2005 | -60.70% | -28.76% | 0.19x | 10.89x | CN¥-91.04 Million |
| 2006 | -1153.63% | -59.72% | 0.15x | 126.92x | CN¥-119.56 Million |
| 2007 | 21.82% | 2.10% | 0.37x | 27.83x | CN¥3.52 Million |
| 2008 | 9.07% | 1.51% | 0.21x | 28.20x | CN¥-250.81K |
| 2009 | 0.00% | -60.08% | 1.14x | 0.00x | CN¥-83.92 Million |
| 2010 | 0.00% | 9.47% | 0.78x | 0.00x | CN¥8.99 Million |
| 2011 | 0.00% | -258352.31% | 0.00x | 0.00x | CN¥-13.44 Million |
| 2012 | 10.55% | 6.21% | 0.65x | 2.62x | CN¥3.67 Million |
| 2013 | 11.22% | 6.53% | 0.66x | 2.59x | CN¥9.18 Million |
| 2014 | 3.71% | 2.69% | 0.62x | 2.22x | CN¥-49.40 Million |
| 2015 | 5.76% | 4.84% | 0.57x | 2.08x | CN¥-35.35 Million |
| 2016 | 6.03% | 5.09% | 0.59x | 2.01x | CN¥-35.21 Million |
| 2017 | 6.58% | 5.51% | 0.60x | 1.99x | CN¥-32.42 Million |
| 2018 | 7.43% | 5.66% | 0.62x | 2.11x | CN¥-26.36 Million |
| 2019 | 4.26% | 3.45% | 0.49x | 2.50x | CN¥-60.65 Million |
| 2020 | -7.27% | -6.62% | 0.33x | 3.28x | CN¥-169.44 Million |
| 2021 | 0.25% | 0.23% | 0.36x | 3.10x | CN¥-117.97 Million |
| 2022 | -27.87% | -30.08% | 0.24x | 3.80x | CN¥-364.20 Million |
| 2023 | -25.46% | -12.99% | 0.41x | 4.74x | CN¥-272.10 Million |
| 2024 | -19.91% | -10.48% | 0.41x | 4.60x | CN¥-197.27 Million |
Industry Comparison
This section compares XiAn Qujiang Cultural Tourism Co Ltd's net assets metrics with peer companies in the Travel Services industry.
Industry Context
- Industry: Travel Services
- Average net assets among peers: $1,316,004,306
- Average return on equity (ROE) among peers: 7.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| XiAn Qujiang Cultural Tourism Co Ltd (600706) | CN¥651.51 Million | 14.97% | 3.28x | $356.06 Million |
| Guangzhou Dongfang Hotel Co Ltd (000524) | $2.58 Billion | 6.88% | 0.72x | $996.42 Million |
| Hna-Caissa Travel Group Co Ltd (000796) | $2.19 Billion | 10.08% | 1.78x | $1.22 Billion |
| Emei Shan Tourism Co Ltd (000888) | $2.06 Billion | 9.26% | 0.28x | $913.68 Million |
| Wuhan Sante Cableway Group Co Ltd (002159) | $432.59 Million | 5.14% | 0.96x | $423.94 Million |
| Beijing Utour International Travel Service Co Ltd (002707) | $673.15 Million | 15.73% | 2.68x | $904.52 Million |
| Western Regions Tourism Development (300859) | $298.09 Million | 12.55% | 0.88x | $711.29 Million |
| Changbai Mountain Tourism Co Ltd (603099) | $1.02 Billion | -5.49% | 0.19x | $1.39 Billion |
| Anhui Jiuhuashan Tourism Dvlp (603199) | $1.28 Billion | 4.74% | 0.17x | $590.83 Million |
About XiAn Qujiang Cultural Tourism Co Ltd
Xi'an Qujiang Cultural Tourism Co., Ltd. engages in the tourism business in China. The company's activities include the scenic spot operation and management, accommodation, catering, property management, travel, tourism industry education and training, financial services, and engineering construction, as well as cultural and creative, and leasing, landscaping, and other business services. The com… Read more