Quectel Wireless Solutions Co Ltd (603236) - Net Assets
Based on the latest financial reports, Quectel Wireless Solutions Co Ltd (603236) has net assets worth CN¥4.50 Billion CNY (≈ $658.15 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¥14.65 Billion ≈ $2.14 Billion USD) and total liabilities (CN¥10.15 Billion ≈ $1.49 Billion 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 Quectel Wireless Solutions Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.50 Billion |
| % of Total Assets | 30.7% |
| Annual Growth Rate | 50.76% |
| 5-Year Change | 115.04% |
| 10-Year Change | 4770.18% |
| Growth Volatility | 86.0 |
Quectel Wireless Solutions Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Quectel Wireless Solutions Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Quectel Wireless Solutions Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Quectel Wireless Solutions Co Ltd (2013–2024)
The table below shows the annual net assets of Quectel Wireless Solutions Co Ltd from 2013 to 2024. For live valuation and market cap data, see market value of Quectel Wireless Solutions Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.02 Billion ≈ $588.03 Million |
+10.88% |
| 2023-12-31 | CN¥3.62 Billion ≈ $530.34 Million |
-2.57% |
| 2022-12-31 | CN¥3.72 Billion ≈ $544.31 Million |
+15.90% |
| 2021-12-31 | CN¥3.21 Billion ≈ $469.62 Million |
+71.74% |
| 2020-12-31 | CN¥1.87 Billion ≈ $273.45 Million |
+8.98% |
| 2019-12-31 | CN¥1.71 Billion ≈ $250.92 Million |
+161.67% |
| 2018-12-31 | CN¥655.30 Million ≈ $95.89 Million |
+40.80% |
| 2017-12-31 | CN¥465.43 Million ≈ $68.11 Million |
+301.68% |
| 2016-12-31 | CN¥115.87 Million ≈ $16.96 Million |
+40.43% |
| 2015-12-31 | CN¥82.51 Million ≈ $12.07 Million |
+47.40% |
| 2014-12-31 | CN¥55.98 Million ≈ $8.19 Million |
+27.42% |
| 2013-12-31 | CN¥43.93 Million ≈ $6.43 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Quectel 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 5368.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.66 Billion | 41.22% |
| Common Stock | CN¥261.66 Million | 6.48% |
| Other Comprehensive Income | CN¥127.80 Million | 3.17% |
| Other Components | CN¥1.98 Billion | 49.14% |
| Total Equity | CN¥4.04 Billion | 100.00% |
Quectel Wireless Solutions Co Ltd Competitors by Market Cap
The table below lists competitors of Quectel Wireless Solutions Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WYNN MACAU LTD ADR/10
F:8WY0
|
$3.19 Billion |
|
Shenzhen FRD Science & Technology Co Ltd
SHE:300602
|
$3.19 Billion |
|
Shaanxi Huaqin Technology Industry Co. Ltd. A
SHG:688281
|
$3.20 Billion |
|
Alliance Resource Partners LP
NASDAQ:ARLP
|
$3.20 Billion |
|
Enerjisa Enerji AS
IS:ENJSA
|
$3.19 Billion |
|
Steadfast Group Ltd
AU:SDF
|
$3.19 Billion |
|
China Petroleum Engineering Corp
SHG:600339
|
$3.19 Billion |
|
Karur Vysya Bank Limited
NSE:KARURVYSYA
|
$3.18 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Quectel Wireless Solutions Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,632,571,680 to 4,036,864,182, a change of 404,292,502 (11.1%).
- Net income of 588,224,479 contributed positively to equity growth.
- Dividend payments of 161,729,474 reduced retained earnings.
- Share repurchases of 84,999,936 reduced equity.
- Other comprehensive income decreased equity by 64,166,807.
- Other factors increased equity by 126,964,240.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥588.22 Million | +14.57% |
| Dividends Paid | CN¥161.73 Million | -4.01% |
| Share Repurchases | CN¥85.00 Million | -2.11% |
| Other Comprehensive Income | CN¥-64.17 Million | -1.59% |
| Other Changes | CN¥126.96 Million | +3.15% |
| Total Change | CN¥- | 11.13% |
Book Value vs Market Value Analysis
This analysis compares Quectel 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: 4.95x
- 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 35.84x to 4.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥2.11 | CN¥75.72 | x |
| 2014-12-31 | CN¥4.36 | CN¥75.72 | x |
| 2015-12-31 | CN¥0.59 | CN¥75.72 | x |
| 2016-12-31 | CN¥0.81 | CN¥75.72 | x |
| 2017-12-31 | CN¥2.61 | CN¥75.72 | x |
| 2018-12-31 | CN¥3.45 | CN¥75.72 | x |
| 2019-12-31 | CN¥6.77 | CN¥75.72 | x |
| 2020-12-31 | CN¥7.38 | CN¥75.72 | x |
| 2021-12-31 | CN¥12.13 | CN¥75.72 | x |
| 2022-12-31 | CN¥14.06 | CN¥75.72 | x |
| 2023-12-31 | CN¥13.62 | CN¥75.72 | x |
| 2024-12-31 | CN¥15.30 | CN¥75.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Quectel 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): 14.57%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.16%
- • Asset Turnover: 1.43x
- • Equity Multiplier: 3.22x
- Recent ROE (14.57%) is below the historical average (18.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 42.51% | 11.57% | 2.68x | 1.37x | CN¥14.28 Million |
| 2014 | 22.72% | 7.10% | 1.98x | 1.62x | CN¥7.12 Million |
| 2015 | 31.88% | 8.67% | 2.35x | 1.57x | CN¥18.05 Million |
| 2016 | 17.75% | 3.59% | 1.91x | 2.58x | CN¥8.98 Million |
| 2017 | 17.51% | 4.91% | 2.06x | 1.73x | CN¥34.97 Million |
| 2018 | 27.54% | 6.68% | 2.09x | 1.97x | CN¥114.96 Million |
| 2019 | 8.63% | 3.58% | 1.41x | 1.71x | CN¥-23.47 Million |
| 2020 | 10.11% | 3.10% | 1.33x | 2.46x | CN¥2.15 Million |
| 2021 | 11.16% | 3.18% | 1.38x | 2.54x | CN¥37.21 Million |
| 2022 | 16.73% | 4.38% | 1.39x | 2.76x | CN¥250.55 Million |
| 2023 | 2.50% | 0.65% | 1.23x | 3.09x | CN¥-272.55 Million |
| 2024 | 14.57% | 3.16% | 1.43x | 3.22x | CN¥184.54 Million |
Industry Comparison
This section compares Quectel Wireless Solutions Co Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $2,143,109,670
- Average return on equity (ROE) among peers: 5.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Quectel Wireless Solutions Co Ltd (603236) | CN¥4.50 Billion | 42.51% | 2.26x | $3.19 Billion |
| ZTE Corp (000063) | $1.58 Billion | 13.39% | 1.14x | $22.80 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $2.37 Billion | 0.56% | 2.33x | $2.78 Billion |
| Addsino Co Ltd (000547) | $7.23 Billion | 6.20% | 0.29x | $6.45 Billion |
| Sichuan Huiyuan Optical Com (000586) | $184.09 Million | 30.13% | 1.87x | $563.01 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $149.31 Million | -24.96% | 0.37x | $408.22 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $817.32 Million | 5.76% | 1.86x | $2.09 Billion |
| Skyworth Digital Co Ltd (000810) | $4.56 Billion | 9.25% | 1.46x | $2.18 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $2.88 Billion | 2.96% | 1.25x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $694.46 Million | 14.34% | 1.64x | $1.28 Billion |
| Sunwave Communications Co Ltd (002115) | $969.73 Million | 1.96% | 1.13x | $1.74 Billion |
About Quectel Wireless Solutions Co Ltd
Quectel Wireless Solutions Co., Ltd. engages in the research and development, design, production, and sale of wireless communication modules and solutions worldwide. The company offers a range of Internet of Things products and services, including 5G,4G,3G,2G, and LPWA cellular modules; LTE modules; vehicle-mounted front-end modules; 5G and 4G edge computing modules; Wi-Fi and BT communication mo… Read more