Qingdao Topscomm Commun Inc Net Assets
Qingdao Topscomm Commun Inc net assets. Based on the latest financial reports, Qingdao Topscomm Commun Inc (603421) has net assets worth CN¥2.41 Billion CNY (≈ $352.18 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.51 Billion ≈ $513.23 Million USD) and total liabilities (CN¥1.10 Billion ≈ $161.05 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 603421 year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.41 Billion |
| % of Total Assets | 68.62% |
| Annual Growth Rate | 24.67% |
| 5-Year Change | -23.13% |
| 10-Year Change | 28.1% |
| Growth Volatility | 48.52 |
Net Assets of Qingdao Topscomm Commun Inc (2011–2025)
Net assets of Qingdao Topscomm Commun Inc from 2011 to 2025. This chart illustrates how Qingdao Topscomm Commun Inc's net assets have evolved over time, based on quarterly financial data. See 603421 net asset quality score to measure how much of total assets are equity-financed.
Annual Net Assets for Qingdao Topscomm Commun Inc (2011–2025)
The table below shows the annual net assets of Qingdao Topscomm Commun Inc from 2011 to 2025. For live market cap and overall valuation, see 603421 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.50 Billion ≈ $365.89 Million |
-20.29% |
| 2024-12-31 | CN¥3.14 Billion ≈ $459.04 Million |
-8.25% |
| 2023-12-31 | CN¥3.42 Billion ≈ $500.33 Million |
+2.87% |
| 2022-12-31 | CN¥3.32 Billion ≈ $486.38 Million |
+2.18% |
| 2021-12-31 | CN¥3.25 Billion ≈ $475.98 Million |
+3.04% |
| 2020-12-31 | CN¥3.16 Billion ≈ $461.94 Million |
+4.64% |
| 2019-12-31 | CN¥3.02 Billion ≈ $441.45 Million |
+16.17% |
| 2018-12-31 | CN¥2.60 Billion ≈ $380.01 Million |
+22.78% |
| 2017-12-31 | CN¥2.12 Billion ≈ $309.51 Million |
+8.36% |
| 2016-12-31 | CN¥1.95 Billion ≈ $285.63 Million |
+81.91% |
| 2015-12-31 | CN¥1.07 Billion ≈ $157.01 Million |
+26.45% |
| 2014-12-31 | CN¥848.58 Million ≈ $124.17 Million |
+62.20% |
| 2013-12-31 | CN¥523.17 Million ≈ $76.56 Million |
+68.66% |
| 2012-12-31 | CN¥310.19 Million ≈ $45.39 Million |
+172.05% |
| 2011-12-31 | CN¥114.02 Million ≈ $16.68 Million |
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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 448.4% over the analyzed period, indicating profitable operations and earnings retention.
Qingdao Topscomm Commun Inc Net Assets Breakdown (December 2025)
Qingdao Topscomm Commun Inc net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥584.09 Million | 23.36% |
| Other Components | CN¥1.92 Billion | 76.64% |
| Total Equity | CN¥2.50 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 |
|---|---|
|
Faeth Therapeutics, Inc.
NASDAQ:FTH
|
$507.76 Million |
|
Darma Henwa Tbk
JK:DEWA
|
$507.96 Million |
|
GuangDong Topstrong Living Innovation & Integration Co Ltd Class A
SHE:300749
|
$507.98 Million |
|
SGL Carbon SE
XETRA:SGL
|
$508.04 Million |
|
Suzhou Sunmun Technology Co Ltd
SHE:300522
|
$507.71 Million |
|
ChengDa Pharmaceuticals Co. Ltd.
SHE:301201
|
$507.58 Million |
|
Fineos Corporation Holdings Plc
AU:FCL
|
$507.50 Million |
|
Arvind Fashions Limited
NSE:ARVINDFASN
|
$507.47 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 2024 to 2025, total equity changed from 3,136,981,575 to 2,500,411,924, a change of -636,569,651 (-20.3%).
- Net loss of 636,569,651 reduced equity.
- Dividend payments of 18,246,258 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-636.57 Million | -25.46% |
| Dividends Paid | CN¥18.25 Million | -0.73% |
| Other Changes | CN¥18.25 Million | +0.73% |
| Total Change | CN¥- | -20.29% |
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: 1.39x
- 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 30.43x to 1.39x 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¥5.32 | x |
| 2012-12-31 | CN¥0.57 | CN¥5.32 | x |
| 2013-12-31 | CN¥0.96 | CN¥5.32 | x |
| 2014-12-31 | CN¥1.55 | CN¥5.32 | x |
| 2015-12-31 | CN¥1.95 | CN¥5.32 | x |
| 2016-12-31 | CN¥3.47 | CN¥5.32 | x |
| 2017-12-31 | CN¥3.45 | CN¥5.32 | x |
| 2018-12-31 | CN¥3.00 | CN¥5.32 | x |
| 2019-12-31 | CN¥4.66 | CN¥5.32 | x |
| 2020-12-31 | CN¥4.88 | CN¥5.32 | x |
| 2021-12-31 | CN¥4.98 | CN¥5.32 | x |
| 2022-12-31 | CN¥5.04 | CN¥5.32 | x |
| 2023-12-31 | CN¥5.21 | CN¥5.32 | x |
| 2024-12-31 | CN¥4.79 | CN¥5.32 | x |
| 2025-12-31 | CN¥3.83 | CN¥5.32 | 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): -25.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -42.36%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.53x
- Recent ROE (-25.46%) is below the historical average (17.55%), 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 |
| 2025 | -25.46% | -42.36% | 0.39x | 1.53x | CN¥-886.61 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: $2,178,979,053
- Average return on equity (ROE) among peers: -0.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qingdao Topscomm Commun Inc (603421) | CN¥2.41 Billion | 53.68% | 0.46x | $507.72 Million |
| Beijing BDStar Navigation Co Ltd (002151) | $5.26 Billion | -6.66% | 0.17x | $2.03 Billion |
| Oriental Times Media Corp (002175) | $258.65 Million | 2.09% | 0.47x | $431.58 Million |
| Changchun UP Optotech Co Ltd (002338) | $115.80 Million | 25.31% | 0.81x | $1.23 Billion |
| Nanjing Sciyon Automation Group Co Ltd (002380) | $2.09 Billion | 5.38% | 0.17x | $934.85 Million |
| Beijing UniStrong Science & Technology Co Ltd (002383) | $1.78 Billion | -61.33% | 3.07x | $704.20 Million |
| Jiangsu Changfa Refrigeration Co Ltd (002413) | $4.02 Billion | 3.39% | 0.14x | $1.35 Billion |
| Wuhan Guide Infrared Co Ltd (002414) | $6.32 Billion | -7.07% | 0.46x | $6.25 Billion |
| Shenzhen Jieshun Science and Technology Industry Co Ltd (002609) | $726.11 Million | 9.95% | 0.28x | $692.98 Million |
| Beijing SDL Technology Co Ltd (002658) | $257.76 Million | 13.37% | 0.41x | $627.03 Million |
| Shenzhen Soling Industrial Co Ltd (002766) | $963.36 Million | 6.77% | 0.53x | $507.06 Million |
About Qingdao Topscomm Commun Inc
Qingdao Topscomm Communication Inc., together with its subsidiaries, engages in the power distribution network and fire alarm businesses in Mainland China and internationally. It offers AMI, arc detection, distribution automation, low-voltage carrier, photovoltaic inverter, smart water management, smart street lights, wire loss control, and 10kV power line communication products. The company also… Read more