Qingdao Gaoce Technology Co Ltd (688556) - Net Assets
Based on the latest financial reports, Qingdao Gaoce Technology Co Ltd (688556) has net assets worth CN¥3.89 Billion CNY (≈ $569.81 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¥7.25 Billion ≈ $1.06 Billion USD) and total liabilities (CN¥3.35 Billion ≈ $490.75 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 688556 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.89 Billion |
| % of Total Assets | 53.73% |
| Annual Growth Rate | 54.25% |
| 5-Year Change | 241.61% |
| 10-Year Change | 5768.69% |
| Growth Volatility | 53.42 |
Qingdao Gaoce Technology Co Ltd - Net Assets Trend (2013–2025)
This chart illustrates how Qingdao Gaoce Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See 688556 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Qingdao Gaoce Technology Co Ltd (2013–2025)
The table below shows the annual net assets of Qingdao Gaoce Technology Co Ltd from 2013 to 2025. For live valuation and market cap data, see market value of Qingdao Gaoce Technology Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.94 Billion ≈ $576.92 Million |
+7.13% |
| 2024-12-31 | CN¥3.68 Billion ≈ $538.54 Million |
-9.40% |
| 2023-12-31 | CN¥4.06 Billion ≈ $594.40 Million |
+96.52% |
| 2022-12-31 | CN¥2.07 Billion ≈ $302.47 Million |
+79.10% |
| 2021-12-31 | CN¥1.15 Billion ≈ $168.88 Million |
+17.24% |
| 2020-12-31 | CN¥984.40 Million ≈ $144.05 Million |
+150.10% |
| 2019-12-31 | CN¥393.61 Million ≈ $57.60 Million |
+81.58% |
| 2018-12-31 | CN¥216.77 Million ≈ $31.72 Million |
+32.80% |
| 2017-12-31 | CN¥163.23 Million ≈ $23.89 Million |
+142.98% |
| 2016-12-31 | CN¥67.18 Million ≈ $9.83 Million |
+3.05% |
| 2015-12-31 | CN¥65.19 Million ≈ $9.54 Million |
+117.35% |
| 2014-12-31 | CN¥29.99 Million ≈ $4.39 Million |
+38.03% |
| 2013-12-31 | CN¥21.73 Million ≈ $3.18 Million |
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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 10709.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.43 Billion | 36.34% |
| Other Components | CN¥2.51 Billion | 63.66% |
| Total Equity | CN¥3.94 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 |
|---|---|
|
Forestar Group Inc
NYSE:FOR
|
$1.40 Billion |
|
Ampoc Far-East Co Ltd
TW:2493
|
$1.40 Billion |
|
Zhejiang Jingu Co Ltd
SHE:002488
|
$1.40 Billion |
|
Cpi Fim SA
WAR:OPG
|
$1.40 Billion |
|
CS Wind Corp
KO:112610
|
$1.40 Billion |
|
Rolls-Royce Holdings PLC
LSE:RR
|
$1.40 Billion |
|
Aerospace Industrial Development Corp
TW:2634
|
$1.40 Billion |
|
Willdan Group Inc
NASDAQ:WLDN
|
$1.40 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 2024 to 2025, total equity changed from 3,680,242,936 to 3,942,563,671, a change of 262,320,735 (7.1%).
- Net loss of 40,164,768 reduced equity.
- Dividend payments of 115,718,271 reduced retained earnings.
- Other factors increased equity by 418,203,774.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-40.16 Million | -1.02% |
| Dividends Paid | CN¥115.72 Million | -2.94% |
| Other Changes | CN¥418.20 Million | +10.61% |
| Total Change | CN¥- | 7.13% |
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: 2.35x
- 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 83.41x to 2.35x 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¥11.53 | x |
| 2014-12-31 | CN¥0.14 | CN¥11.53 | x |
| 2015-12-31 | CN¥0.71 | CN¥11.53 | x |
| 2016-12-31 | CN¥0.68 | CN¥11.53 | x |
| 2017-12-31 | CN¥1.64 | CN¥11.53 | x |
| 2018-12-31 | CN¥2.07 | CN¥11.53 | x |
| 2019-12-31 | CN¥0.76 | CN¥11.53 | x |
| 2020-12-31 | CN¥1.64 | CN¥11.53 | x |
| 2021-12-31 | CN¥1.60 | CN¥11.53 | x |
| 2022-12-31 | CN¥2.87 | CN¥11.53 | x |
| 2023-12-31 | CN¥5.42 | CN¥11.53 | x |
| 2024-12-31 | CN¥4.75 | CN¥11.53 | x |
| 2025-12-31 | CN¥4.91 | CN¥11.53 | 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): -1.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.10%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.93x
- Recent ROE (-1.02%) is below the historical average (15.36%), 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 |
| 2025 | -1.02% | -1.10% | 0.48x | 1.93x | CN¥-434.42 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: $2,705,908,447
- Average return on equity (ROE) among peers: -9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qingdao Gaoce Technology Co Ltd (688556) | CN¥3.89 Billion | 5.43% | 0.86x | $1.40 Billion |
| Huayi Compressor Co Ltd (000404) | $2.49 Billion | 6.48% | 1.56x | $809.68 Million |
| Shenyang Machine Tool Co Ltd (000410) | $821.90 Million | 0.56% | 3.83x | $1.97 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $10.53 Billion | 7.87% | 0.48x | $4.07 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $1.78 Billion | 4.42% | 0.52x | $489.55 Million |
| Changchai Co Ltd (000570) | $731.52 Million | -65.27% | 1.99x | $416.33 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $654.39 Million | 0.62% | 0.63x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $206.34 Million | -75.49% | 2.60x | $1.09 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $1.47 Billion | 9.22% | 0.64x | $1.23 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $4.26 Billion | 10.07% | 2.30x | $819.40 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $4.12 Billion | 6.67% | 1.07x | $1.80 Billion |
About Qingdao Gaoce Technology Co Ltd
Qingdao Gaoce Technology Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of cutting equipment and consumables in China and internationally. It offers photovoltaic cutting equipment, including slicer wire guide roller grooving machine, diamond wire crystal silicon slicer, and monocrystal cropper, squarer, and grinder, as well as monocrystal squ… Read more