Shanghai QiFan Cable Co Ltd (605222) - Net Assets
Based on the latest financial reports, Shanghai QiFan Cable Co Ltd (605222) has net assets worth CN¥4.87 Billion CNY (≈ $713.16 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥15.38 Billion ≈ $2.25 Billion USD) and total liabilities (CN¥10.50 Billion ≈ $1.54 Billion 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 financial resilience of Shanghai QiFan Cable Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.87 Billion |
| % of Total Assets | 31.7% |
| Annual Growth Rate | 29.39% |
| 5-Year Change | 67.72% |
| 10-Year Change | N/A |
| Growth Volatility | 23.0 |
Shanghai QiFan Cable Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Shanghai QiFan Cable Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shanghai QiFan Cable Co Ltd (605222) total assets for the complete picture of this company's asset base.
Annual Net Assets for Shanghai QiFan Cable Co Ltd (2016–2024)
The table below shows the annual net assets of Shanghai QiFan Cable Co Ltd from 2016 to 2024. For live valuation and market cap data, see 605222 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.65 Billion ≈ $679.96 Million |
+1.52% |
| 2023-12-31 | CN¥4.58 Billion ≈ $669.75 Million |
+9.20% |
| 2022-12-31 | CN¥4.19 Billion ≈ $613.35 Million |
+12.48% |
| 2021-12-31 | CN¥3.73 Billion ≈ $545.27 Million |
+34.50% |
| 2020-12-31 | CN¥2.77 Billion ≈ $405.41 Million |
+77.73% |
| 2019-12-31 | CN¥1.56 Billion ≈ $228.11 Million |
+27.20% |
| 2018-12-31 | CN¥1.23 Billion ≈ $179.33 Million |
+43.47% |
| 2017-12-31 | CN¥854.22 Million ≈ $125.00 Million |
+44.39% |
| 2016-12-31 | CN¥591.59 Million ≈ $86.57 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanghai QiFan Cable Co Ltd'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 1212.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.48 Billion | 53.52% |
| Common Stock | CN¥418.14 Million | 9.01% |
| Other Components | CN¥1.74 Billion | 37.47% |
| Total Equity | CN¥4.64 Billion | 100.00% |
Shanghai QiFan Cable Co Ltd Competitors by Market Cap
The table below lists competitors of Shanghai QiFan Cable Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NetScout Systems Inc
NASDAQ:NTCT
|
$2.20 Billion |
|
China National Gold Group Gold Jewellery Co Ltd
SHG:600916
|
$2.20 Billion |
|
VIVENDI UNSPON.ARD EO 55
F:VVUD
|
$2.20 Billion |
|
Shanghai Flyco Electrical Appliance Co Ltd
SHG:603868
|
$2.20 Billion |
|
Elekta AB (publ)
ST:EKTA-B
|
$2.20 Billion |
|
Imerys SA
PA:NK
|
$2.20 Billion |
|
Shanghai Chinafortune Co Ltd
SHG:600621
|
$2.20 Billion |
|
Banque Cantonale de Geneve
SW:BCGE
|
$2.19 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai QiFan Cable Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,570,388,698 to 4,639,835,430, a change of 69,446,732 (1.5%).
- Net income of 135,500,196 contributed positively to equity growth.
- Dividend payments of 214,725,366 reduced retained earnings.
- Share repurchases of 51,364,063 reduced equity.
- Other factors increased equity by 200,035,965.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥135.50 Million | +2.92% |
| Dividends Paid | CN¥214.73 Million | -4.63% |
| Share Repurchases | CN¥51.36 Million | -1.11% |
| Other Changes | CN¥200.04 Million | +4.31% |
| Total Change | CN¥- | 1.52% |
Book Value vs Market Value Analysis
This analysis compares Shanghai QiFan Cable Co Ltd'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: 3.32x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 12.33x to 3.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥2.95 | CN¥36.37 | x |
| 2017-12-31 | CN¥4.26 | CN¥36.37 | x |
| 2018-12-31 | CN¥4.19 | CN¥36.37 | x |
| 2019-12-31 | CN¥3.89 | CN¥36.37 | x |
| 2020-12-31 | CN¥6.92 | CN¥36.37 | x |
| 2021-12-31 | CN¥8.69 | CN¥36.37 | x |
| 2022-12-31 | CN¥8.89 | CN¥36.37 | x |
| 2023-12-31 | CN¥9.79 | CN¥36.37 | x |
| 2024-12-31 | CN¥10.96 | CN¥36.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai QiFan Cable Co Ltd 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): 2.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.60%
- • Asset Turnover: 1.64x
- • Equity Multiplier: 3.00x
- Recent ROE (2.92%) is below the historical average (18.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 35.26% | 6.57% | 1.73x | 3.11x | CN¥149.41 Million |
| 2017 | 30.74% | 5.71% | 2.12x | 2.54x | CN¥177.21 Million |
| 2018 | 20.50% | 3.97% | 2.29x | 2.26x | CN¥128.72 Million |
| 2019 | 21.38% | 4.36% | 2.13x | 2.30x | CN¥177.46 Million |
| 2020 | 14.81% | 4.21% | 1.68x | 2.09x | CN¥133.29 Million |
| 2021 | 18.53% | 3.62% | 2.04x | 2.51x | CN¥314.86 Million |
| 2022 | 8.83% | 1.78% | 1.69x | 2.94x | CN¥-48.50 Million |
| 2023 | 9.26% | 1.81% | 1.72x | 2.96x | CN¥-33.85 Million |
| 2024 | 2.92% | 0.60% | 1.64x | 3.00x | CN¥-328.48 Million |
Industry Comparison
This section compares Shanghai QiFan Cable Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $3,684,451,591
- Average return on equity (ROE) among peers: 5.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai QiFan Cable Co Ltd (605222) | CN¥4.87 Billion | 35.26% | 2.15x | $2.20 Billion |
| XJ Electric Co Ltd (000400) | $11.69 Billion | 8.60% | 0.87x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $377.84 Million | -26.68% | 6.81x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $4.34 Billion | 8.70% | 0.29x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.90 Billion | 2.65% | 0.72x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $692.15 Million | 13.19% | 0.78x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $7.43 Billion | 10.24% | 0.87x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $502.87 Million | 29.75% | 1.40x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $175.33 Million | -7.97% | 0.17x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $8.26 Billion | 10.15% | 1.07x | $9.75 Billion |
About Shanghai QiFan Cable Co Ltd
Shanghai QiFan Cable Co., Ltd manufactures and sells wires and cables in the People's Republic of China. The company offers building wires; low and medium voltage power cables; and fire resistant, solar, control, instrumentation, LAN, and VSD cables. Its products are used in electric power, rail transit, construction engineering, new energy, communication, ship/ship, intelligence energy equipment… Read more