Shenzhen Qingyi Photomask Ltd (688138) - Net Assets
Based on the latest financial reports, Shenzhen Qingyi Photomask Ltd (688138) has net assets worth CN¥2.74 Billion CNY (≈ $401.15 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¥3.86 Billion ≈ $565.18 Million USD) and total liabilities (CN¥1.12 Billion ≈ $164.03 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 financial resilience of Shenzhen Qingyi Photomask Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.74 Billion |
| % of Total Assets | 70.98% |
| Annual Growth Rate | 16.59% |
| 5-Year Change | 25.88% |
| 10-Year Change | 286.38% |
| Growth Volatility | 28.42 |
Shenzhen Qingyi Photomask Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Shenzhen Qingyi Photomask Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 688138 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Shenzhen Qingyi Photomask Ltd (2012–2024)
The table below shows the annual net assets of Shenzhen Qingyi Photomask Ltd from 2012 to 2024. For live valuation and market cap data, see Shenzhen Qingyi Photomask Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.48 Billion ≈ $217.04 Million |
+7.20% |
| 2023-12-31 | CN¥1.38 Billion ≈ $202.47 Million |
+7.95% |
| 2022-12-31 | CN¥1.28 Billion ≈ $187.56 Million |
+6.93% |
| 2021-12-31 | CN¥1.20 Billion ≈ $175.42 Million |
+1.74% |
| 2020-12-31 | CN¥1.18 Billion ≈ $172.41 Million |
+4.89% |
| 2019-12-31 | CN¥1.12 Billion ≈ $164.37 Million |
+111.67% |
| 2018-12-31 | CN¥530.67 Million ≈ $77.65 Million |
+13.39% |
| 2017-12-31 | CN¥468.02 Million ≈ $68.49 Million |
+9.10% |
| 2016-12-31 | CN¥428.96 Million ≈ $62.77 Million |
+11.75% |
| 2015-12-31 | CN¥383.87 Million ≈ $56.17 Million |
+17.00% |
| 2014-12-31 | CN¥328.10 Million ≈ $48.01 Million |
+20.33% |
| 2013-12-31 | CN¥272.66 Million ≈ $39.90 Million |
+16.02% |
| 2012-12-31 | CN¥235.01 Million ≈ $34.39 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Qingyi Photomask 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 9089.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥696.88 Million | 46.98% |
| Common Stock | CN¥266.80 Million | 17.99% |
| Other Comprehensive Income | CN¥67.43 Million | 4.55% |
| Other Components | CN¥452.11 Million | 30.48% |
| Total Equity | CN¥1.48 Billion | 100.00% |
Shenzhen Qingyi Photomask Ltd Competitors by Market Cap
The table below lists competitors of Shenzhen Qingyi Photomask Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Shagang Co Ltd
SHE:002075
|
$1.43 Billion |
|
Qingdao Yunlu Advanced Materials Technology Co. Ltd. A
SHG:688190
|
$1.43 Billion |
|
Kinco Automation (Shanghai) Co. Ltd. A
SHG:688160
|
$1.43 Billion |
|
Goldcup Electric Apparatus Co Ltd
SHE:002533
|
$1.43 Billion |
|
Saratoga Investama Sedaya
JK:SRTG
|
$1.43 Billion |
|
Ufuk Yatirim Yonetim Ve Gayrimenkul AS
IS:UFUK
|
$1.43 Billion |
|
Blackrock Innovation & Growth Trust
NYSE:BIGZ
|
$1.43 Billion |
|
Jiangling Motors Corp Ltd
SHE:000550
|
$1.42 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Qingyi Photomask Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,383,626,338 to 1,483,206,709, a change of 99,580,371 (7.2%).
- Net income of 172,012,587 contributed positively to equity growth.
- Dividend payments of 62,848,243 reduced retained earnings.
- Share repurchases of 30,019,956 reduced equity.
- Other comprehensive income increased equity by 3,914,644.
- Other factors increased equity by 16,521,339.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥172.01 Million | +11.6% |
| Dividends Paid | CN¥62.85 Million | -4.24% |
| Share Repurchases | CN¥30.02 Million | -2.02% |
| Other Comprehensive Income | CN¥3.91 Million | +0.26% |
| Other Changes | CN¥16.52 Million | +1.11% |
| Total Change | CN¥- | 7.20% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Qingyi Photomask 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: 5.52x
- 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 26.59x to 5.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥1.16 | CN¥30.94 | x |
| 2013-12-31 | CN¥1.38 | CN¥30.94 | x |
| 2014-12-31 | CN¥1.66 | CN¥30.94 | x |
| 2015-12-31 | CN¥1.93 | CN¥30.94 | x |
| 2016-12-31 | CN¥2.16 | CN¥30.94 | x |
| 2017-12-31 | CN¥2.30 | CN¥30.94 | x |
| 2018-12-31 | CN¥2.63 | CN¥30.94 | x |
| 2019-12-31 | CN¥4.21 | CN¥30.94 | x |
| 2020-12-31 | CN¥4.42 | CN¥30.94 | x |
| 2021-12-31 | CN¥4.49 | CN¥30.94 | x |
| 2022-12-31 | CN¥4.80 | CN¥30.94 | x |
| 2023-12-31 | CN¥5.17 | CN¥30.94 | x |
| 2024-12-31 | CN¥5.60 | CN¥30.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Qingyi Photomask 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): 11.60%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.47%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.85x
- Recent ROE (11.60%) is above the historical average (10.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 9.45% | 8.59% | 0.57x | 1.94x | CN¥-1.28 Million |
| 2013 | 13.81% | 13.98% | 0.60x | 1.63x | CN¥10.38 Million |
| 2014 | 16.90% | 17.48% | 0.66x | 1.46x | CN¥22.63 Million |
| 2015 | 14.52% | 16.68% | 0.66x | 1.32x | CN¥17.34 Million |
| 2016 | 10.66% | 14.53% | 0.63x | 1.17x | CN¥2.84 Million |
| 2017 | 8.26% | 12.10% | 0.52x | 1.31x | CN¥-8.14 Million |
| 2018 | 11.81% | 15.38% | 0.59x | 1.29x | CN¥9.59 Million |
| 2019 | 6.26% | 14.65% | 0.36x | 1.18x | CN¥-42.05 Million |
| 2020 | 6.47% | 15.66% | 0.34x | 1.21x | CN¥-41.53 Million |
| 2021 | 3.71% | 8.19% | 0.36x | 1.27x | CN¥-75.35 Million |
| 2022 | 7.73% | 12.99% | 0.44x | 1.36x | CN¥-29.15 Million |
| 2023 | 9.68% | 14.49% | 0.45x | 1.50x | CN¥-4.50 Million |
| 2024 | 11.60% | 15.47% | 0.41x | 1.85x | CN¥23.69 Million |
Industry Comparison
This section compares Shenzhen Qingyi Photomask Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,959,429,291
- Average return on equity (ROE) among peers: 10.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Qingyi Photomask Ltd (688138) | CN¥2.74 Billion | 9.45% | 0.41x | $1.43 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $266.56 Million | 3.44% | 1.72x | $423.10 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.86 Billion | 17.55% | 2.07x | $1.63 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $1.09 Billion | 2.98% | 1.57x | $483.17 Million |
| CPT Technology Group Co Ltd (000536) | $3.32 Billion | 10.43% | 0.37x | $1.59 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $6.06 Billion | 5.92% | 0.45x | $4.25 Billion |
| Xiamen Xindeco Ltd (000701) | $217.53 Million | 0.00% | 0.71x | $586.43 Million |
| BOE Technology Group Co Ltd (000725) | $466.65 Million | 21.84% | 0.74x | $21.70 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $9.75 Billion | 24.43% | 0.39x | $3.46 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $4.17 Billion | 8.18% | 0.30x | $2.15 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $1.38 Billion | 7.09% | 0.20x | $4.88 Billion |
About Shenzhen Qingyi Photomask Ltd
Shenzhen Qingyi Photomask Limited engages in the research, design, production, and sales of high precision masks in China. The company offers photomasks; TFT, touch panels, IC bumping, and IC and copy masks; liquid letterpress, and dry plates, and films; and CMM coordinate measuring machines, LMM seam width measuring machines, TFT laser repair machines, LCVD repair equipment, and PDP barrier repa… Read more