Qijing Machinery (603677) - Net Assets
Based on the latest financial reports, Qijing Machinery (603677) has net assets worth CN¥1.17 Billion CNY (≈ $171.14 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¥2.11 Billion ≈ $308.22 Million USD) and total liabilities (CN¥936.78 Million ≈ $137.08 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 Qijing Machinery (603677) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.17 Billion |
| % of Total Assets | 55.53% |
| Annual Growth Rate | 16.67% |
| 5-Year Change | 5.29% |
| 10-Year Change | 155.03% |
| Growth Volatility | 26.05 |
Qijing Machinery - Net Assets Trend (2011–2025)
This chart illustrates how Qijing Machinery's net assets have evolved over time, based on quarterly financial data. See Qijing Machinery defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Qijing Machinery (2011–2025)
The table below shows the annual net assets of Qijing Machinery from 2011 to 2025. For live valuation and market cap data, see Qijing Machinery market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.17 Billion ≈ $170.55 Million |
+0.94% |
| 2024-12-31 | CN¥1.15 Billion ≈ $168.97 Million |
-0.21% |
| 2023-12-31 | CN¥1.16 Billion ≈ $169.32 Million |
+3.67% |
| 2022-12-31 | CN¥1.12 Billion ≈ $163.32 Million |
+0.83% |
| 2021-12-31 | CN¥1.11 Billion ≈ $161.98 Million |
+6.66% |
| 2020-12-31 | CN¥1.04 Billion ≈ $151.87 Million |
-3.37% |
| 2019-12-31 | CN¥1.07 Billion ≈ $157.16 Million |
+3.17% |
| 2018-12-31 | CN¥1.04 Billion ≈ $152.32 Million |
+17.31% |
| 2017-12-31 | CN¥887.33 Million ≈ $129.84 Million |
+94.16% |
| 2016-12-31 | CN¥457.02 Million ≈ $66.88 Million |
+18.94% |
| 2015-12-31 | CN¥384.24 Million ≈ $56.23 Million |
+20.23% |
| 2014-12-31 | CN¥319.58 Million ≈ $46.77 Million |
+23.96% |
| 2013-12-31 | CN¥257.82 Million ≈ $37.73 Million |
+59.73% |
| 2012-12-31 | CN¥161.41 Million ≈ $23.62 Million |
+19.91% |
| 2011-12-31 | CN¥134.61 Million ≈ $19.70 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Qijing Machinery'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 231.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥376.18 Million | 32.42% |
| Other Components | CN¥784.17 Million | 67.58% |
| Total Equity | CN¥1.16 Billion | 100.00% |
Qijing Machinery Competitors by Market Cap
The table below lists competitors of Qijing Machinery ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Altshuler Shaham Financial LTD
TA:ALTF
|
$379.14 Million |
|
MCBC Holdings Inc
NASDAQ:MCFT
|
$379.16 Million |
|
Gourmet Master Co Ltd
TW:2723
|
$379.39 Million |
|
Shandong Sinobioway Biomedicine Co Ltd
SHE:002581
|
$379.40 Million |
|
Wuhu Fuchun Dye and Weave Co.Ltd.
SHG:605189
|
$379.02 Million |
|
Matrix Service Co
NASDAQ:MTRX
|
$378.96 Million |
|
Cambi ASA
OL:CAMBI
|
$378.88 Million |
|
I.C.C. International Public Company Limited
BK:ICC
|
$378.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qijing Machinery's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,154,703,424 to 1,160,352,075, a change of 5,648,651 (0.5%).
- Net income of 48,232,203 contributed positively to equity growth.
- Dividend payments of 60,171,943 reduced retained earnings.
- Other factors increased equity by 17,588,390.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥48.23 Million | +4.16% |
| Dividends Paid | CN¥60.17 Million | -5.19% |
| Other Changes | CN¥17.59 Million | +1.52% |
| Total Change | CN¥- | 0.49% |
Book Value vs Market Value Analysis
This analysis compares Qijing Machinery'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: 2.23x
- 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 11.94x to 2.23x 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¥1.13 | CN¥13.45 | x |
| 2012-12-31 | CN¥1.35 | CN¥13.45 | x |
| 2013-12-31 | CN¥2.17 | CN¥13.45 | x |
| 2014-12-31 | CN¥2.24 | CN¥13.45 | x |
| 2015-12-31 | CN¥2.70 | CN¥13.45 | x |
| 2016-12-31 | CN¥3.18 | CN¥13.45 | x |
| 2017-12-31 | CN¥4.79 | CN¥13.45 | x |
| 2018-12-31 | CN¥5.49 | CN¥13.45 | x |
| 2019-12-31 | CN¥5.63 | CN¥13.45 | x |
| 2020-12-31 | CN¥5.35 | CN¥13.45 | x |
| 2021-12-31 | CN¥5.76 | CN¥13.45 | x |
| 2022-12-31 | CN¥5.81 | CN¥13.45 | x |
| 2023-12-31 | CN¥6.02 | CN¥13.45 | x |
| 2024-12-31 | CN¥6.01 | CN¥13.45 | x |
| 2025-12-31 | CN¥6.02 | CN¥13.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qijing Machinery 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): 4.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.33%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 1.93x
- Recent ROE (4.16%) is below the historical average (11.43%), 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 | 7.42% | 0.86% | 1.29x | 6.70x | CN¥-3.48 Million |
| 2012 | 19.70% | 3.21% | 1.18x | 5.23x | CN¥15.65 Million |
| 2013 | 24.53% | 5.05% | 1.49x | 3.26x | CN¥37.47 Million |
| 2014 | 19.33% | 5.07% | 1.38x | 2.77x | CN¥29.81 Million |
| 2015 | 20.11% | 6.13% | 1.41x | 2.33x | CN¥38.83 Million |
| 2016 | 19.29% | 7.89% | 1.23x | 1.98x | CN¥42.47 Million |
| 2017 | 11.28% | 7.75% | 0.93x | 1.57x | CN¥11.36 Million |
| 2018 | 7.46% | 5.62% | 0.69x | 1.93x | CN¥-26.40 Million |
| 2019 | 7.11% | 4.58% | 0.94x | 1.65x | CN¥-31.08 Million |
| 2020 | 5.42% | 3.60% | 0.86x | 1.74x | CN¥-47.58 Million |
| 2021 | 8.03% | 4.43% | 0.98x | 1.86x | CN¥-21.79 Million |
| 2022 | 5.74% | 3.55% | 0.90x | 1.80x | CN¥-47.60 Million |
| 2023 | 5.98% | 3.90% | 0.83x | 1.85x | CN¥-46.56 Million |
| 2024 | 5.84% | 3.37% | 0.89x | 1.96x | CN¥-48.02 Million |
| 2025 | 4.16% | 2.33% | 0.93x | 1.93x | CN¥-67.80 Million |
Industry Comparison
This section compares Qijing Machinery's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,509,898,498
- Average return on equity (ROE) among peers: 9.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qijing Machinery (603677) | CN¥1.17 Billion | 7.42% | 0.80x | $379.07 Million |
| FAWER Automotive Parts Ltd Co (000030) | $8.47 Billion | 5.92% | 0.80x | $1.04 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $445.83 Million | 12.50% | 0.68x | $6.67 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $427.94 Million | 15.75% | 0.49x | $2.03 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $56.90 Million | 35.22% | 2.35x | $966.83 Million |
| Qingdao Doublestar Co Ltd (000599) | $2.38 Billion | -25.26% | 3.14x | $1.55 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $169.93 Million | 0.00% | 0.80x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.32 Billion | 0.87% | 1.12x | $653.72 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $1.39 Billion | 17.69% | 1.83x | $2.08 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $97.36 Million | 31.38% | 1.32x | $285.31 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $334.20 Million | 2.19% | 0.85x | $4.21 Billion |
About Qijing Machinery
Qijing Machinery Co., Ltd. researches and develops, produces, and sells electric tool parts in China. It offers home appliance parts, such as washing machine clutch parts, washing machine injection molding parts, drum washing machine spare parts, and dishwasher parts; auto parts including engine parts, gearbox parts, engineering machinery parts, etc., mainly used in automobile car engines, automo… Read more