Qingdao Hiron Commercial Cold Chain Co Ltd
Qingdao Hiron Commercial Cold Chain Co., Ltd. engages in the research, development, production, sale, and service of commercial cold chain equipment in China. The company's products include commercial freezing display cabinets, commercial refrigerating display cabinets, supermarket display cabinets, commercial intelligent display cabinets, and other cold chain equipment, as well as optional acces… Read more
Qingdao Hiron Commercial Cold Chain Co Ltd (603187) - Net Assets
Latest net assets as of September 2025: CN¥4.25 Billion CNY
Based on the latest financial reports, Qingdao Hiron Commercial Cold Chain Co Ltd (603187) has net assets worth CN¥4.25 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¥5.73 Billion) and total liabilities (CN¥1.48 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¥4.25 Billion |
| % of Total Assets | 74.18% |
| Annual Growth Rate | 39.05% |
| 5-Year Change | 128.15% |
| 10-Year Change | 988.19% |
| Growth Volatility | 41.15 |
Qingdao Hiron Commercial Cold Chain Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Qingdao Hiron Commercial Cold Chain 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 Hiron Commercial Cold Chain Co Ltd (2012–2024)
The table below shows the annual net assets of Qingdao Hiron Commercial Cold Chain Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.16 Billion | +3.51% |
| 2023-12-31 | CN¥4.02 Billion | +9.30% |
| 2022-12-31 | CN¥3.68 Billion | +53.67% |
| 2021-12-31 | CN¥2.39 Billion | +31.22% |
| 2020-12-31 | CN¥1.82 Billion | +24.40% |
| 2019-12-31 | CN¥1.47 Billion | +13.35% |
| 2018-12-31 | CN¥1.29 Billion | +127.98% |
| 2017-12-31 | CN¥567.26 Million | +18.59% |
| 2016-12-31 | CN¥478.33 Million | +25.10% |
| 2015-12-31 | CN¥382.36 Million | +130.43% |
| 2014-12-31 | CN¥165.93 Million | +58.51% |
| 2013-12-31 | CN¥104.68 Million | +31.41% |
| 2012-12-31 | CN¥79.66 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Qingdao Hiron Commercial Cold Chain 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 11940.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.43 Billion | 34.53% |
| Common Stock | CN¥386.42 Million | 9.35% |
| Other Comprehensive Income | CN¥248.11 Million | 6.00% |
| Other Components | CN¥2.07 Billion | 50.12% |
| Total Equity | CN¥4.13 Billion | 100.00% |
Qingdao Hiron Commercial Cold Chain Co Ltd Competitors by Market Cap
The table below lists competitors of Qingdao Hiron Commercial Cold Chain Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lendingtree Inc
NASDAQ:TREE
|
$550.29 Million |
|
Sweetgreen Inc
NYSE:SG
|
$550.36 Million |
|
Sunac Services Holdings Limited
PINK:SSHLY
|
$550.43 Million |
|
China Animal Husbandry Industry Co Ltd
SHG:600195
|
$550.49 Million |
|
Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret AS
IS:SARKY
|
$550.13 Million |
|
Barco NV
BR:BAR
|
$550.00 Million |
|
Farmers And Merchants Bank of Long Beach
OTCQX:FMBL
|
$549.76 Million |
|
Balincan International Inc
PINK:ALTB
|
$549.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qingdao Hiron Commercial Cold Chain Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,991,772,407 to 4,132,455,441, a change of 140,683,034 (3.5%).
- Net income of 353,663,695 contributed positively to equity growth.
- Dividend payments of 210,604,101 reduced retained earnings.
- Share repurchases of 36,715,098 reduced equity.
- Other comprehensive income decreased equity by 5,244,163.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥353.66 Million | +8.56% |
| Dividends Paid | CN¥210.60 Million | -5.1% |
| Share Repurchases | CN¥36.72 Million | -0.89% |
| Other Comprehensive Income | CN¥-5.24 Million | -0.13% |
| Other Changes | CN¥39.58 Million | +0.96% |
| Total Change | CN¥- | 3.52% |
Book Value vs Market Value Analysis
This analysis compares Qingdao Hiron Commercial Cold Chain 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: 1.53x
- 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 40.94x to 1.53x 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¥0.40 | CN¥16.41 | x |
| 2013-12-31 | CN¥0.53 | CN¥16.41 | x |
| 2014-12-31 | CN¥0.84 | CN¥16.41 | x |
| 2015-12-31 | CN¥1.79 | CN¥16.41 | x |
| 2016-12-31 | CN¥2.08 | CN¥16.41 | x |
| 2017-12-31 | CN¥2.46 | CN¥16.41 | x |
| 2018-12-31 | CN¥5.45 | CN¥16.41 | x |
| 2019-12-31 | CN¥4.74 | CN¥16.41 | x |
| 2020-12-31 | CN¥5.63 | CN¥16.41 | x |
| 2021-12-31 | CN¥7.13 | CN¥16.41 | x |
| 2022-12-31 | CN¥9.43 | CN¥16.41 | x |
| 2023-12-31 | CN¥10.44 | CN¥16.41 | x |
| 2024-12-31 | CN¥10.75 | CN¥16.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qingdao Hiron Commercial Cold Chain 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): 8.56%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.49%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.35x
- Recent ROE (8.56%) is below the historical average (17.69%), 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 | 19.48% | 4.55% | 1.06x | 4.05x | CN¥7.56 Million |
| 2013 | 23.90% | 5.33% | 1.03x | 4.35x | CN¥14.55 Million |
| 2014 | 31.43% | 9.11% | 1.14x | 3.03x | CN¥35.56 Million |
| 2015 | 30.87% | 13.65% | 1.08x | 2.10x | CN¥79.78 Million |
| 2016 | 26.33% | 14.92% | 0.93x | 1.90x | CN¥78.13 Million |
| 2017 | 20.97% | 12.33% | 0.89x | 1.92x | CN¥62.21 Million |
| 2018 | 10.77% | 11.50% | 0.64x | 1.47x | CN¥9.97 Million |
| 2019 | 14.95% | 14.25% | 0.69x | 1.53x | CN¥72.49 Million |
| 2020 | 14.76% | 14.18% | 0.59x | 1.77x | CN¥86.50 Million |
| 2021 | 9.51% | 8.46% | 0.72x | 1.57x | CN¥-11.48 Million |
| 2022 | 8.02% | 10.06% | 0.57x | 1.40x | CN¥-72.29 Million |
| 2023 | 10.35% | 12.89% | 0.57x | 1.41x | CN¥13.91 Million |
| 2024 | 8.56% | 12.49% | 0.51x | 1.35x | CN¥-59.58 Million |
Industry Comparison
This section compares Qingdao Hiron Commercial Cold Chain Co Ltd's net assets metrics with peer companies in the Business Equipment & Supplies industry.
Industry Context
- Industry: Business Equipment & Supplies
- Average net assets among peers: $2,090,051,348
- Average return on equity (ROE) among peers: -7.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qingdao Hiron Commercial Cold Chain Co Ltd (603187) | CN¥4.25 Billion | 19.48% | 0.35x | $550.23 Million |
| Shaanxi Fenghuo Electronics Co Ltd (000561) | $198.10 Million | -149.80% | 6.60x | $733.63 Million |
| Guangbo Group Stock Co Ltd (002103) | $1.63 Billion | 5.06% | 0.32x | $325.29 Million |
| Hengbao Co Ltd (002104) | $1.88 Billion | 8.65% | 0.16x | $1.33 Billion |
| GRG Banking Equipment Co Ltd (002152) | $9.48 Billion | 9.48% | 0.34x | $2.00 Billion |
| Guangzhou KingTeller Technology Co Ltd (002177) | $1.24 Billion | 7.58% | 0.20x | $799.98 Million |
| Shenzhen Comix Group Co Ltd (002301) | $1.12 Billion | 6.25% | 0.41x | $388.88 Million |
| Shandong New Beiyang Information Technology Co Ltd (002376) | $4.14 Billion | 1.17% | 0.32x | $606.96 Million |
| Suzhou Goldengreen Technologies Ltd (002808) | $566.62 Million | 6.12% | 0.21x | $86.19 Million |
| Wuhan Tianyu Info Industry (300205) | $230.23 Million | 22.64% | 1.53x | $174.42 Million |
| Shandong Synthesis Electronic Technology Co Ltd (300479) | $407.81 Million | 5.05% | 0.25x | $383.73 Million |