Qingdao Topscomm Commun Inc
Qingdao Topscomm Communication Inc., together with its subsidiaries, engages in the research and development, production, sale, and service of low-voltage power line carrier communication and fire protection products in Mainland China and internationally. It offers photovoltaic four-phase, inverters, smart microgrids, and liquid flow energy storage solutions. The company also provides electric en… Read more
Qingdao Topscomm Commun Inc (603421) - Net Assets
Latest net assets as of September 2025: CN¥2.80 Billion CNY
Based on the latest financial reports, Qingdao Topscomm Commun Inc (603421) has net assets worth CN¥2.80 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¥3.87 Billion) and total liabilities (CN¥1.07 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¥2.80 Billion |
| % of Total Assets | 72.34% |
| Annual Growth Rate | 29.04% |
| 5-Year Change | -0.63% |
| 10-Year Change | 192.35% |
| Growth Volatility | 48.09 |
Qingdao Topscomm Commun Inc - Net Assets Trend (2011–2024)
This chart illustrates how Qingdao Topscomm Commun Inc'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 Topscomm Commun Inc (2011–2024)
The table below shows the annual net assets of Qingdao Topscomm Commun Inc from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.14 Billion | -8.25% |
| 2023-12-31 | CN¥3.42 Billion | +2.87% |
| 2022-12-31 | CN¥3.32 Billion | +2.18% |
| 2021-12-31 | CN¥3.25 Billion | +3.04% |
| 2020-12-31 | CN¥3.16 Billion | +4.64% |
| 2019-12-31 | CN¥3.02 Billion | +16.17% |
| 2018-12-31 | CN¥2.60 Billion | +22.78% |
| 2017-12-31 | CN¥2.12 Billion | +8.36% |
| 2016-12-31 | CN¥1.95 Billion | +81.91% |
| 2015-12-31 | CN¥1.07 Billion | +26.45% |
| 2014-12-31 | CN¥848.58 Million | +62.20% |
| 2013-12-31 | CN¥523.17 Million | +68.66% |
| 2012-12-31 | CN¥310.19 Million | +172.05% |
| 2011-12-31 | CN¥114.02 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Qingdao Topscomm Commun Inc'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 1046.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.22 Billion | 38.91% |
| Common Stock | CN¥652.19 Million | 20.79% |
| Other Components | CN¥1.26 Billion | 40.30% |
| Total Equity | CN¥3.14 Billion | 100.00% |
Qingdao Topscomm Commun Inc Competitors by Market Cap
The table below lists competitors of Qingdao Topscomm Commun Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rocky Brands Inc
NASDAQ:RCKY
|
$248.12 Million |
|
PT Daya Intiguna Yasa Tbk
JK:MDIY
|
$248.15 Million |
|
Apex Healthcare Bhd
KLSE:7090
|
$248.22 Million |
|
Dimerco Express
TWO:5609
|
$248.24 Million |
|
Ronshin Group A
SHE:301231
|
$248.06 Million |
|
ZHONGYU ENERGY HLDGS. NEW
F:MJVC
|
$247.87 Million |
|
Shanghai Bolex Food Technology Co. Ltd.
SHG:603170
|
$247.82 Million |
|
Hyundai Home Shopping Network Corp
KO:057050
|
$247.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qingdao Topscomm Commun Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,419,152,129 to 3,136,981,575, a change of -282,170,554 (-8.3%).
- Net loss of 242,386,932 reduced equity.
- Dividend payments of 66,698,372 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-242.39 Million | -7.73% |
| Dividends Paid | CN¥66.70 Million | -2.13% |
| Other Changes | CN¥26.91 Million | +0.86% |
| Total Change | CN¥- | -8.25% |
Book Value vs Market Value Analysis
This analysis compares Qingdao Topscomm Commun Inc'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: 1.96x
- 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 53.65x to 1.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.17 | CN¥9.38 | x |
| 2012-12-31 | CN¥0.57 | CN¥9.38 | x |
| 2013-12-31 | CN¥0.96 | CN¥9.38 | x |
| 2014-12-31 | CN¥1.55 | CN¥9.38 | x |
| 2015-12-31 | CN¥1.95 | CN¥9.38 | x |
| 2016-12-31 | CN¥3.47 | CN¥9.38 | x |
| 2017-12-31 | CN¥3.45 | CN¥9.38 | x |
| 2018-12-31 | CN¥4.42 | CN¥9.38 | x |
| 2019-12-31 | CN¥4.66 | CN¥9.38 | x |
| 2020-12-31 | CN¥4.84 | CN¥9.38 | x |
| 2021-12-31 | CN¥4.99 | CN¥9.38 | x |
| 2022-12-31 | CN¥5.10 | CN¥9.38 | x |
| 2023-12-31 | CN¥5.21 | CN¥9.38 | x |
| 2024-12-31 | CN¥4.79 | CN¥9.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qingdao Topscomm Commun Inc 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): -7.73%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.85%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.48x
- Recent ROE (-7.73%) is below the historical average (20.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 53.68% | 27.12% | 1.34x | 1.48x | CN¥49.80 Million |
| 2012 | 63.17% | 36.08% | 1.27x | 1.38x | CN¥164.93 Million |
| 2013 | 47.64% | 38.05% | 1.01x | 1.24x | CN¥196.90 Million |
| 2014 | 45.12% | 38.59% | 0.95x | 1.24x | CN¥298.06 Million |
| 2015 | 25.30% | 27.31% | 0.75x | 1.24x | CN¥163.55 Million |
| 2016 | 16.05% | 22.43% | 0.60x | 1.20x | CN¥117.21 Million |
| 2017 | 14.27% | 19.93% | 0.56x | 1.28x | CN¥90.29 Million |
| 2018 | 7.85% | 11.69% | 0.50x | 1.35x | CN¥-55.77 Million |
| 2019 | 5.37% | 8.95% | 0.48x | 1.24x | CN¥-139.73 Million |
| 2020 | 5.74% | 8.61% | 0.48x | 1.39x | CN¥-134.63 Million |
| 2021 | 4.82% | 5.55% | 0.55x | 1.57x | CN¥-168.65 Million |
| 2022 | 3.57% | 3.81% | 0.55x | 1.70x | CN¥-213.70 Million |
| 2023 | 3.84% | 3.61% | 0.61x | 1.73x | CN¥-210.70 Million |
| 2024 | -7.73% | -7.85% | 0.66x | 1.48x | CN¥-556.09 Million |
Industry Comparison
This section compares Qingdao Topscomm Commun Inc's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $1,926,126,271
- Average return on equity (ROE) among peers: 9.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qingdao Topscomm Commun Inc (603421) | CN¥2.80 Billion | 53.68% | 0.38x | $248.10 Million |
| Beijing BDStar Navigation Co Ltd (002151) | $4.48 Billion | 1.15% | 0.26x | $2.26 Billion |
| Oriental Times Media Corp (002175) | $578.16 Million | 7.60% | 0.24x | $500.93 Million |
| Changchun UP Optotech Co Ltd (002338) | $636.42 Million | 8.42% | 0.22x | $867.41 Million |
| Nanjing Sciyon Automation Group Co Ltd (002380) | $200.70 Million | 25.18% | 0.59x | $563.18 Million |
| Jiangsu Changfa Refrigeration Co Ltd (002413) | $156.57 Million | 19.34% | 3.25x | $2.17 Billion |
| Wuhan Guide Infrared Co Ltd (002414) | $7.12 Billion | 7.05% | 0.25x | $2.87 Billion |
| Shenzhen Jieshun Science and Technology Industry Co Ltd (002609) | $2.27 Billion | 9.21% | 0.16x | $381.03 Million |
| Beijing SDL Technology Co Ltd (002658) | $2.23 Billion | 6.74% | 0.45x | $332.56 Million |
| Shenzhen Soling Industrial Co Ltd (002766) | $806.87 Million | 7.44% | 0.44x | $390.32 Million |
| Hangzhou Innover Technology Co Ltd (002767) | $774.88 Million | 3.00% | 0.32x | $181.69 Million |