Qingdao Huijintong Power (603577) - Net Assets
Based on the latest financial reports, Qingdao Huijintong Power (603577) has net assets worth CN¥2.03 Billion CNY (≈ $297.19 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥6.26 Billion ≈ $915.63 Million USD) and total liabilities (CN¥4.23 Billion ≈ $618.44 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. Check Qingdao Huijintong Power liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.03 Billion |
| % of Total Assets | 32.46% |
| Annual Growth Rate | 16.71% |
| 5-Year Change | -1.72% |
| 10-Year Change | 142.12% |
| Growth Volatility | 22.75 |
Qingdao Huijintong Power - Net Assets Trend (2011–2025)
This chart illustrates how Qingdao Huijintong Power's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Qingdao Huijintong Power for the complete picture of this company's asset base.
Annual Net Assets for Qingdao Huijintong Power (2011–2025)
The table below shows the annual net assets of Qingdao Huijintong Power from 2011 to 2025. For live valuation and market cap data, see Qingdao Huijintong Power market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.03 Billion ≈ $297.19 Million |
+3.98% |
| 2024-12-31 | CN¥1.95 Billion ≈ $285.81 Million |
+5.00% |
| 2023-12-31 | CN¥1.86 Billion ≈ $272.19 Million |
+3.89% |
| 2022-12-31 | CN¥1.79 Billion ≈ $262.00 Million |
-13.35% |
| 2021-12-31 | CN¥2.07 Billion ≈ $302.37 Million |
+51.79% |
| 2020-12-31 | CN¥1.36 Billion ≈ $199.20 Million |
+8.50% |
| 2019-12-31 | CN¥1.25 Billion ≈ $183.60 Million |
+39.91% |
| 2018-12-31 | CN¥896.80 Million ≈ $131.23 Million |
+1.20% |
| 2017-12-31 | CN¥886.14 Million ≈ $129.67 Million |
+5.65% |
| 2016-12-31 | CN¥838.79 Million ≈ $122.74 Million |
+76.65% |
| 2015-12-31 | CN¥474.84 Million ≈ $69.48 Million |
+13.58% |
| 2014-12-31 | CN¥418.06 Million ≈ $61.18 Million |
+27.94% |
| 2013-12-31 | CN¥326.77 Million ≈ $47.82 Million |
+18.51% |
| 2012-12-31 | CN¥275.73 Million ≈ $40.35 Million |
+18.17% |
| 2011-12-31 | CN¥233.33 Million ≈ $34.14 Million |
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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 1782.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥630.70 Million | 32.16% |
| Other Components | CN¥1.33 Billion | 67.84% |
| Total Equity | CN¥1.96 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 |
|---|---|
|
Eson Precision Ind Co Ltd
TW:5243
|
$554.85 Million |
|
Ningbo Gaofa Automotive Ctrl
SHG:603788
|
$554.90 Million |
|
Sinopec Shanghai Petrochemical Company Limited
F:SGJH
|
$554.95 Million |
|
TVS Supply Chain Solutions Limited
NSE:TVSSCS
|
$555.13 Million |
|
Wuxi Acryl Technology Co Ltd
SHG:603722
|
$554.82 Million |
|
CEVA Inc
NASDAQ:CEVA
|
$554.81 Million |
|
ZheJiang Haers Vacuum Containers Co Ltd
SHE:002615
|
$554.71 Million |
|
Energiekontor AG
F:EKT
|
$554.63 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 2024 to 2025, total equity changed from 1,887,822,613 to 1,960,825,276, a change of 73,002,663 (3.9%).
- Net income of 103,040,985 contributed positively to equity growth.
- Dividend payments of 125,007,207 reduced retained earnings.
- Other comprehensive income decreased equity by 91,806,405.
- Other factors increased equity by 186,775,290.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥103.04 Million | +5.25% |
| Dividends Paid | CN¥125.01 Million | -6.38% |
| Other Comprehensive Income | CN¥-91.81 Million | -4.68% |
| Other Changes | CN¥186.78 Million | +9.53% |
| Total Change | CN¥- | 3.87% |
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: 1.93x
- 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 7.74x to 1.93x 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¥11.18 | x |
| 2012-12-31 | CN¥1.69 | CN¥11.18 | x |
| 2013-12-31 | CN¥2.01 | CN¥11.18 | x |
| 2014-12-31 | CN¥2.46 | CN¥11.18 | x |
| 2015-12-31 | CN¥2.58 | CN¥11.18 | x |
| 2016-12-31 | CN¥4.57 | CN¥11.18 | x |
| 2017-12-31 | CN¥3.54 | CN¥11.18 | x |
| 2018-12-31 | CN¥3.61 | CN¥11.18 | x |
| 2019-12-31 | CN¥4.85 | CN¥11.18 | x |
| 2020-12-31 | CN¥4.68 | CN¥11.18 | x |
| 2021-12-31 | CN¥6.71 | CN¥11.18 | x |
| 2022-12-31 | CN¥5.18 | CN¥11.18 | x |
| 2023-12-31 | CN¥5.31 | CN¥11.18 | x |
| 2024-12-31 | CN¥5.57 | CN¥11.18 | x |
| 2025-12-31 | CN¥5.78 | CN¥11.18 | 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): 5.25%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.46%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 3.19x
- Recent ROE (5.25%) is below the historical average (7.18%), 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 | 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 |
| 2025 | 5.25% | 2.46% | 0.67x | 3.19x | CN¥-93.04 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: $2,206,877,606
- Average return on equity (ROE) among peers: 6.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qingdao Huijintong Power (603577) | CN¥2.03 Billion | 4.98% | 2.08x | $554.83 Million |
| China International Marine Containers Group Ltd (000039) | $8.33 Billion | 28.67% | 1.03x | $4.50 Billion |
| Xinjiang Hejin Holding Co Ltd (000633) | $160.61 Million | -26.29% | 0.37x | $384.89 Million |
| Guangdong Jingyi Metal Co Ltd (002295) | $1.07 Billion | 0.86% | 0.44x | $410.37 Million |
| Shanghai Xinpeng Industry Co Ltd (002328) | $329.96 Million | 28.81% | 0.69x | $1.20 Billion |
| Beijing Lier High Temperature Materials Co Ltd (002392) | $3.45 Billion | 9.66% | 0.50x | $1.73 Billion |
| Suzhou Victory Precision Manufacture Co Ltd (002426) | $1.29 Billion | 10.75% | 0.38x | $1.90 Billion |
| Dajin Heavy Industry Corp (002487) | $1.51 Billion | 2.42% | 0.28x | $8.04 Billion |
| Jiangsu Boamax Technologies Group Co Ltd (002514) | $860.67 Million | 4.61% | 0.86x | $340.32 Million |
| Guangzheng Group Co Ltd (002524) | $1.03 Billion | 0.15% | 0.92x | $334.06 Million |
| Anhui Honglu Steel Construction Group Co Ltd (002541) | $4.03 Billion | 5.20% | 1.12x | $1.96 Billion |
About 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