QingCloud Technologies Corp. (688316) - Net Assets
Based on the latest financial reports, QingCloud Technologies Corp. (688316) has net assets worth CN¥51.72 Million CNY (≈ $7.57 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¥392.63 Million ≈ $57.45 Million USD) and total liabilities (CN¥340.91 Million ≈ $49.89 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 QingCloud Technologies Corp. asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥51.72 Million |
| % of Total Assets | 13.17% |
| Annual Growth Rate | N/A |
| 5-Year Change | -50.56% |
| 10-Year Change | N/A |
| Growth Volatility | 110.3 |
QingCloud Technologies Corp. - Net Assets Trend (2017–2024)
This chart illustrates how QingCloud Technologies Corp.'s net assets have evolved over time, based on quarterly financial data. Also explore QingCloud Technologies Corp. total assets for the complete picture of this company's asset base.
Annual Net Assets for QingCloud Technologies Corp. (2017–2024)
The table below shows the annual net assets of QingCloud Technologies Corp. from 2017 to 2024. For live valuation and market cap data, see QingCloud Technologies Corp. (688316) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥87.32 Million ≈ $12.78 Million |
-51.43% |
| 2023-12-31 | CN¥179.79 Million ≈ $26.31 Million |
-45.51% |
| 2022-12-31 | CN¥329.95 Million ≈ $48.28 Million |
-43.35% |
| 2021-12-31 | CN¥582.47 Million ≈ $85.23 Million |
+229.77% |
| 2020-12-31 | CN¥176.63 Million ≈ $25.85 Million |
-43.18% |
| 2019-12-31 | CN¥310.88 Million ≈ $45.49 Million |
+158.86% |
| 2018-12-31 | CN¥-528.21 Million ≈ $-77.29 Million |
+19.77% |
| 2017-12-31 | CN¥-658.34 Million ≈ $-96.34 Million |
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Equity Component Analysis
This analysis shows how different components contribute to QingCloud Technologies Corp.'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 decreased by 43255402818.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥47.80 Million | 54.87% |
| Other Components | CN¥1.19 Billion | 1371.14% |
| Total Equity | CN¥87.11 Million | 100.00% |
QingCloud Technologies Corp. Competitors by Market Cap
The table below lists competitors of QingCloud Technologies Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Hifuture Electric
SHE:002168
|
$489.97 Million |
|
Halk Gayrimenkul Yatirim Ortakligi AS
IS:HLGYO
|
$490.02 Million |
|
Grupo Casas Bahia S.A.
SA:BHIA3
|
$490.11 Million |
|
Amper S.A.
MC:AMP
|
$490.15 Million |
|
Leaguer Shenzhen MicroElectronics Corp
SHG:688589
|
$489.76 Million |
|
Beijing Bashi Media Co Ltd
SHG:600386
|
$489.71 Million |
|
Rusoro Mining Ltd
V:RML
|
$489.65 Million |
|
Summit Hotel Properties Inc
NYSE:INN
|
$489.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in QingCloud Technologies Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 179,481,073 to 87,114,373, a change of -92,366,700 (-51.5%).
- Net loss of 95,757,720 reduced equity.
- Dividend payments of 7,453,873 reduced retained earnings.
- Other factors increased equity by 10,844,893.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-95.76 Million | -109.92% |
| Dividends Paid | CN¥7.45 Million | -8.56% |
| Other Changes | CN¥10.84 Million | +12.45% |
| Total Change | CN¥- | -51.46% |
Book Value vs Market Value Analysis
This analysis compares QingCloud Technologies Corp.'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: 38.42x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥-19.36 | CN¥69.90 | x |
| 2018-12-31 | CN¥-15.53 | CN¥69.90 | x |
| 2019-12-31 | CN¥9.17 | CN¥69.90 | x |
| 2020-12-31 | CN¥5.05 | CN¥69.90 | x |
| 2021-12-31 | CN¥13.18 | CN¥69.90 | x |
| 2022-12-31 | CN¥6.95 | CN¥69.90 | x |
| 2023-12-31 | CN¥3.77 | CN¥69.90 | x |
| 2024-12-31 | CN¥1.82 | CN¥69.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently QingCloud Technologies Corp. 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): -109.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -35.20%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 6.62x
- Recent ROE (-109.92%) is below the historical average (-60.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | -40.33% | 0.18x | 0.00x | CN¥-30.64 Million |
| 2018 | 0.00% | -53.04% | 0.23x | 0.00x | CN¥-96.64 Million |
| 2019 | -62.37% | -51.59% | 0.85x | 1.42x | CN¥-225.59 Million |
| 2020 | -94.64% | -39.53% | 1.14x | 2.10x | CN¥-187.32 Million |
| 2021 | -50.05% | -69.22% | 0.46x | 1.57x | CN¥-351.97 Million |
| 2022 | -74.11% | -80.04% | 0.51x | 1.82x | CN¥-277.05 Million |
| 2023 | -94.76% | -50.66% | 0.54x | 3.48x | CN¥-188.02 Million |
| 2024 | -109.92% | -35.20% | 0.47x | 6.62x | CN¥-104.47 Million |
Industry Comparison
This section compares QingCloud Technologies Corp.'s net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $977,143,599
- Average return on equity (ROE) among peers: -60.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| QingCloud Technologies Corp. (688316) | CN¥51.72 Million | 0.00% | 6.59x | $489.93 Million |
| Eastcompeace Technology Co Ltd (002017) | $410.34 Million | 9.14% | 0.48x | $1.61 Billion |
| Wiscom System Co Ltd (002090) | $436.23 Million | 11.30% | 0.39x | $658.27 Million |
| Topsec Technologies Group Inc (002212) | $1.80 Billion | 3.14% | 0.75x | $1.26 Billion |
| Focus Technology Co Ltd (002315) | $1.62 Billion | 10.04% | 0.15x | $1.41 Billion |
| Beijing Venustech Inc (002439) | $994.71 Million | 6.03% | 0.19x | $2.77 Billion |
| Maxvision Technology Corp (002990) | $2.02 Billion | 8.85% | 0.50x | $2.06 Billion |
| Wangsu Science Tech (300017) | $708.43 Million | 5.48% | 0.03x | $5.76 Billion |
| Shenzhen Tianyuan Dic Info Tech (300047) | $1.18 Billion | 10.37% | 0.34x | $1.15 Billion |
| Shenzhen InfoGem Technologies Co Ltd (300085) | $539.78 Million | -23.92% | 1.03x | $3.85 Billion |
| TIZA Information Industry Corporation Inc (300209) | $56.50 Million | -649.13% | 13.39x | $2.37 Billion |
About QingCloud Technologies Corp.
Beijing QingCloud Technology Group Co., Ltd provides enterprise-class cloud services and digital transformation solutions in China and internationally. The company offers computer hardware design and development consulting, computer programming, software design, and system analysis and design; cloud storage, data backup, and database management; conversion of data or documents form physical media… Read more