Qingdao Huijintong Power
Qingdao Huijintong Power Equipment Co.,Ltd., together with its subsidiaries, engages in the manufacture and sale of various galvanized and painted steel structures in China and internationally. The company offers lattice steel towers, UHV towers, steel tubular towers, steel pole, communication tower, and substation structure; and fastener, including anchor bolt, washer, nut, and bolt. It also pro… Read more
Qingdao Huijintong Power (603577) - Net Assets
Latest net assets as of September 2025: CN¥2.01 Billion CNY
Based on the latest financial reports, Qingdao Huijintong Power (603577) has net assets worth CN¥2.01 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¥6.41 Billion) and total liabilities (CN¥4.40 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¥2.01 Billion |
| % of Total Assets | 31.34% |
| Annual Growth Rate | 17.75% |
| 5-Year Change | 43.48% |
| 10-Year Change | 311.33% |
| Growth Volatility | 23.23 |
Qingdao Huijintong Power - Net Assets Trend (2011–2024)
This chart illustrates how Qingdao Huijintong Power'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 Huijintong Power (2011–2024)
The table below shows the annual net assets of Qingdao Huijintong Power from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.95 Billion | +5.00% |
| 2023-12-31 | CN¥1.86 Billion | +3.89% |
| 2022-12-31 | CN¥1.79 Billion | -13.35% |
| 2021-12-31 | CN¥2.07 Billion | +51.79% |
| 2020-12-31 | CN¥1.36 Billion | +8.50% |
| 2019-12-31 | CN¥1.25 Billion | +39.91% |
| 2018-12-31 | CN¥896.80 Million | +1.20% |
| 2017-12-31 | CN¥886.14 Million | +5.65% |
| 2016-12-31 | CN¥838.79 Million | +76.65% |
| 2015-12-31 | CN¥474.84 Million | +13.58% |
| 2014-12-31 | CN¥418.06 Million | +27.94% |
| 2013-12-31 | CN¥326.77 Million | +18.51% |
| 2012-12-31 | CN¥275.73 Million | +18.17% |
| 2011-12-31 | CN¥233.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Qingdao Huijintong Power'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 1565.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥557.90 Million | 29.55% |
| Common Stock | CN¥339.14 Million | 17.96% |
| Other Comprehensive Income | CN¥91.81 Million | 4.86% |
| Other Components | CN¥898.97 Million | 47.62% |
| Total Equity | CN¥1.89 Billion | 100.00% |
Qingdao Huijintong Power Competitors by Market Cap
The table below lists competitors of Qingdao Huijintong Power ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nam Viet Corp
VN:ANV
|
$219.01 Million |
|
Guangdong Deerma Technology Co. Ltd. A
SHE:301332
|
$219.08 Million |
|
Junhe Pumps Holding Co Ltd
SHG:603617
|
$219.09 Million |
|
Hangzhou Kaierda Welding Robot Co Ltd
SHG:688255
|
$219.11 Million |
|
PAKUWON JATI RP 25
F:P04
|
$218.87 Million |
|
Eagle Bulk Shipping Inc
NYSE:EGLE
|
$218.86 Million |
|
SECO S.P.A.
F:7GV
|
$218.83 Million |
|
Síminn hf
IC:SIMINN
|
$218.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qingdao Huijintong Power's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,801,684,095 to 1,887,822,613, a change of 86,138,518 (4.8%).
- Net income of 154,700,157 contributed positively to equity growth.
- Dividend payments of 151,868,859 reduced retained earnings.
- Other comprehensive income increased equity by 91,615,312.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥154.70 Million | +8.19% |
| Dividends Paid | CN¥151.87 Million | -8.04% |
| Other Comprehensive Income | CN¥91.62 Million | +4.85% |
| Other Changes | CN¥-8.31 Million | -0.44% |
| Total Change | CN¥- | 4.78% |
Book Value vs Market Value Analysis
This analysis compares Qingdao Huijintong Power'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: 2.03x
- 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 7.83x to 2.03x 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¥1.44 | CN¥11.31 | x |
| 2012-12-31 | CN¥1.69 | CN¥11.31 | x |
| 2013-12-31 | CN¥2.01 | CN¥11.31 | x |
| 2014-12-31 | CN¥2.46 | CN¥11.31 | x |
| 2015-12-31 | CN¥2.58 | CN¥11.31 | x |
| 2016-12-31 | CN¥4.57 | CN¥11.31 | x |
| 2017-12-31 | CN¥3.54 | CN¥11.31 | x |
| 2018-12-31 | CN¥3.61 | CN¥11.31 | x |
| 2019-12-31 | CN¥4.85 | CN¥11.31 | x |
| 2020-12-31 | CN¥4.68 | CN¥11.31 | x |
| 2021-12-31 | CN¥5.96 | CN¥11.31 | x |
| 2022-12-31 | CN¥5.18 | CN¥11.31 | x |
| 2023-12-31 | CN¥5.31 | CN¥11.31 | x |
| 2024-12-31 | CN¥5.57 | CN¥11.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qingdao Huijintong Power 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): 8.19%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.35%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 3.10x
- Recent ROE (8.19%) is above the historical average (7.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 4.98% | 2.67% | 0.59x | 3.16x | CN¥-11.71 Million |
| 2012 | 15.38% | 7.22% | 0.78x | 2.73x | CN¥14.83 Million |
| 2013 | 15.62% | 8.38% | 0.78x | 2.39x | CN¥18.37 Million |
| 2014 | 9.88% | 7.61% | 0.68x | 1.90x | CN¥-518.35K |
| 2015 | 11.96% | 10.27% | 0.64x | 1.82x | CN¥9.29 Million |
| 2016 | 7.56% | 9.72% | 0.44x | 1.76x | CN¥-20.48 Million |
| 2017 | 5.50% | 5.94% | 0.50x | 1.84x | CN¥-39.02 Million |
| 2018 | 3.59% | 3.31% | 0.48x | 2.25x | CN¥-56.71 Million |
| 2019 | 4.75% | 3.65% | 0.65x | 2.00x | CN¥-65.14 Million |
| 2020 | 7.86% | 5.47% | 0.75x | 1.91x | CN¥-28.89 Million |
| 2021 | 3.52% | 2.22% | 0.65x | 2.44x | CN¥-130.88 Million |
| 2022 | 2.24% | 1.09% | 0.61x | 3.38x | CN¥-136.36 Million |
| 2023 | 1.45% | 0.64% | 0.66x | 3.42x | CN¥-154.00 Million |
| 2024 | 8.19% | 3.35% | 0.79x | 3.10x | CN¥-34.08 Million |
Industry Comparison
This section compares Qingdao Huijintong Power's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $1,558,798,492
- Average return on equity (ROE) among peers: -38.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qingdao Huijintong Power (603577) | CN¥2.01 Billion | 4.98% | 2.19x | $218.98 Million |
| Xinjiang Hejin Holding Co Ltd (000633) | $200.94 Million | 5.81% | 1.60x | $277.29 Million |
| Chongqing Changjiang River Moulding Material (Group) Co. Ltd. (001296) | $404.00 Million | 18.26% | 0.78x | $178.45 Million |
| Winstech Precision Hldg Co (001319) | $1.25 Billion | 8.12% | 0.30x | $170.66 Million |
| Guangdong Jingyi Metal Co Ltd (002295) | $837.82 Million | 0.67% | 0.46x | $375.34 Million |
| Shanghai Xinpeng Industry Co Ltd (002328) | $2.19 Billion | 7.18% | 0.09x | $470.28 Million |
| Beijing Lier High Temperature Materials Co Ltd (002392) | $388.40 Million | 25.00% | 0.57x | $728.01 Million |
| Suzhou Victory Precision Manufacture Co Ltd (002426) | $7.46 Billion | -10.76% | 1.40x | $1.77 Billion |
| Dajin Heavy Industry Corp (002487) | $1.64 Billion | 5.64% | 0.47x | $3.68 Billion |
| Jiangsu Boamax Technologies Group Co Ltd (002514) | $177.70 Million | -431.77% | 9.56x | $293.65 Million |
| Guangzheng Group Co Ltd (002524) | $1.04 Billion | -8.45% | 0.96x | $231.22 Million |