Qingdao Gaoce Technology Co Ltd

SHG:688556 China Specialty Industrial Machinery
Market Cap
$1.86 Billion
CN¥13.64 Billion CNY
Market Cap Rank
#6126 Global
#903 in China
Share Price
CN¥16.42
Change (1 day)
+1.36%
52-Week Range
CN¥7.00 - CN¥17.84
All Time High
CN¥42.36
Categories
Companies in China Specialty Industrial Machinery
About

Qingdao Gaoce Technology Co., Ltd engages in the research, development, manufacture, and sale of cutting equipment for hard and brittle materials and cutting tools in China. The company offers photovoltaic cutting equipment, such as loop cutting machine, single crystal cutting machine, grinding and polishing machine, cutting and grinding machine, edge leather processing solutions, diamond wire sl… Read more

Qingdao Gaoce Technology Co Ltd (688556) - Net Assets

Latest net assets as of September 2025: CN¥3.90 Billion CNY

Based on the latest financial reports, Qingdao Gaoce Technology Co Ltd (688556) has net assets worth CN¥3.90 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥7.74 Billion) and total liabilities (CN¥3.84 Billion). 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.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥3.90 Billion
% of Total Assets 50.41%
Annual Growth Rate 59.44%
5-Year Change 273.86%
10-Year Change 5545.24%
Growth Volatility 52.95

Qingdao Gaoce Technology Co Ltd - Net Assets Trend (2013–2024)

This chart illustrates how Qingdao Gaoce Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Qingdao Gaoce Technology Co Ltd (2013–2024)

The table below shows the annual net assets of Qingdao Gaoce Technology Co Ltd from 2013 to 2024.

Year Net Assets Change
2024-12-31 CN¥3.68 Billion -9.40%
2023-12-31 CN¥4.06 Billion +96.52%
2022-12-31 CN¥2.07 Billion +79.10%
2021-12-31 CN¥1.15 Billion +17.24%
2020-12-31 CN¥984.40 Million +150.10%
2019-12-31 CN¥393.61 Million +81.58%
2018-12-31 CN¥216.77 Million +32.80%
2017-12-31 CN¥163.23 Million +142.98%
2016-12-31 CN¥67.18 Million +3.05%
2015-12-31 CN¥65.19 Million +117.35%
2014-12-31 CN¥29.99 Million +38.03%
2013-12-31 CN¥21.73 Million --

Equity Component Analysis

This analysis shows how different components contribute to Qingdao Gaoce Technology 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 11757.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥1.57 Billion 42.71%
Common Stock CN¥546.77 Million 14.86%
Other Components CN¥1.56 Billion 42.43%
Total Equity CN¥3.68 Billion 100.00%

Qingdao Gaoce Technology Co Ltd Competitors by Market Cap

The table below lists competitors of Qingdao Gaoce Technology Co Ltd ranked by their market capitalization.

Company Market Cap
National Bank Holdings Corporation
NYSE:NBHC
 		$1.38 Billion
Daetwyler Holding AG
LSE:0QNJ
 		$1.38 Billion
Diagnostyka S.A.
WAR:DIA
 		$1.38 Billion
Shanghai Junshi Biosciences Co. Ltd
PINK:SHJBF
 		$1.38 Billion
Foreign Trade Bank of Latin America Inc
NYSE:BLX
 		$1.38 Billion
Kinnevik Investment AB ser. A
ST:KINV-A
 		$1.38 Billion
Kirloskar Oil Engines Limited
NSE:KIRLOSENG
 		$1.38 Billion
Cochin Shipyard Limited
NSE:COCHINSHIP
 		$1.38 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Qingdao Gaoce Technology Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 4,061,980,107 to 3,680,242,936, a change of -381,737,171 (-9.4%).
  • Net loss of 44,227,927 reduced equity.
  • Dividend payments of 365,457,924 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥-44.23 Million -1.2%
Dividends Paid CN¥365.46 Million -9.93%
Other Changes CN¥27.95 Million +0.76%
Total Change CN¥- -9.40%

Book Value vs Market Value Analysis

This analysis compares Qingdao Gaoce Technology 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: 2.40x
  • 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 118.79x to 2.40x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2013-12-31 CN¥0.14 CN¥16.42 x
2014-12-31 CN¥0.19 CN¥16.42 x
2015-12-31 CN¥0.71 CN¥16.42 x
2016-12-31 CN¥0.68 CN¥16.42 x
2017-12-31 CN¥0.50 CN¥16.42 x
2018-12-31 CN¥0.64 CN¥16.42 x
2019-12-31 CN¥1.06 CN¥16.42 x
2020-12-31 CN¥2.29 CN¥16.42 x
2021-12-31 CN¥2.24 CN¥16.42 x
2022-12-31 CN¥4.01 CN¥16.42 x
2023-12-31 CN¥7.59 CN¥16.42 x
2024-12-31 CN¥6.86 CN¥16.42 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Qingdao Gaoce Technology 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): -1.20%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -0.99%
  • • Asset Turnover: 0.58x
  • • Equity Multiplier: 2.11x
  • Recent ROE (-1.20%) is below the historical average (16.72%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2013 5.43% 2.39% 0.64x 3.54x CN¥-994.01K
2014 27.55% 12.00% 0.72x 3.18x CN¥5.27 Million
2015 6.67% 6.62% 0.69x 1.46x CN¥-2.14 Million
2016 8.77% 4.01% 0.54x 4.07x CN¥-829.27K
2017 25.58% 9.82% 0.68x 3.85x CN¥25.43 Million
2018 24.70% 8.82% 0.74x 3.79x CN¥31.86 Million
2019 8.14% 4.48% 0.49x 3.67x CN¥-7.34 Million
2020 5.98% 7.89% 0.39x 1.95x CN¥-39.58 Million
2021 14.96% 11.02% 0.48x 2.80x CN¥57.28 Million
2022 38.15% 22.09% 0.63x 2.73x CN¥581.91 Million
2023 35.97% 23.63% 0.63x 2.41x CN¥1.05 Billion
2024 -1.20% -0.99% 0.58x 2.11x CN¥-412.25 Million

Industry Comparison

This section compares Qingdao Gaoce Technology Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.

Industry Context

  • Industry: Specialty Industrial Machinery
  • Average net assets among peers: $1,569,233,767
  • Average return on equity (ROE) among peers: 5.20%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Qingdao Gaoce Technology Co Ltd (688556) CN¥3.90 Billion 5.43% 0.98x $1.38 Billion
Huayi Compressor Co Ltd (000404) $4.26 Billion 2.35% 1.40x $442.61 Million
Shenyang Machine Tool Co Ltd (000410) $665.41 Million 10.13% 1.41x $1.49 Billion
North Industries Group Red Arrow Co Ltd (000519) $3.61 Billion 10.56% 0.36x $1.93 Billion
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) $1.16 Billion 7.64% 0.59x $518.05 Million
Changchai Co Ltd (000570) $1.16 Billion -7.27% 0.64x $384.56 Million
Jiangsu Youli Investment Holding Co Ltd (000584) $476.85 Million 1.36% 1.42x $25.43 Million
Baota Industry Co Ltd (000595) $352.33 Million 0.81% 1.70x $533.76 Million
SUFA Technology Industry Co Ltd CNNC (000777) $260.61 Million 10.90% 0.50x $943.61 Million
J.S. Corrugating Machinery Co Ltd (000821) $863.72 Million 10.27% 0.62x $759.53 Million
Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) $2.89 Billion 5.30% 2.21x $880.10 Million