Qingdao Hanhe Cable Co Ltd (002498) - Total Assets
Based on the latest financial reports, Qingdao Hanhe Cable Co Ltd (002498) holds total assets worth CN¥12.84 Billion CNY (≈ $1.88 Billion USD) as of September 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Explore Qingdao Hanhe Cable Co Ltd debt service capacity to assess how comfortably operating cash covers total debt obligations.
Qingdao Hanhe Cable Co Ltd - Total Assets Trend (2007–2024)
This chart illustrates how Qingdao Hanhe Cable Co Ltd's total assets have evolved over time, based on quarterly financial data. See 002498 book value for net asset value and shareholders' equity analysis.
Qingdao Hanhe Cable Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Qingdao Hanhe Cable Co Ltd's total assets of CN¥12.84 Billion consist of 72.7% current assets and 27.3% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 12.0% |
| Accounts Receivable | CN¥3.97 Billion | 34.7% |
| Inventory | CN¥1.64 Billion | 14.4% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥435.02 Million | 3.8% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2007–2024)
This chart illustrates how Qingdao Hanhe Cable Co Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see 002498 market cap overview.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Qingdao Hanhe Cable Co Ltd's current assets represent 72.7% of total assets in 2024, a decrease from 80.1% in 2007.
- Cash Position: Cash and equivalents constituted 12.0% of total assets in 2024, up from 4.6% in 2007.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 3.0% of total assets, an increase from 2.0% in 2007.
- Asset Diversification: The largest asset category is accounts receivable at 34.7% of total assets.
Qingdao Hanhe Cable Co Ltd Competitors by Total Assets
Key competitors of Qingdao Hanhe Cable Co Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Nantong Jianghai Capacitor Co Ltd
SHE:002484
|
China | CN¥8.78 Billion |
|
XTC New Energy Materials Xiamen Co Ltd
SHG:688778
|
China | CN¥22.70 Billion |
|
Zhuhai CosMX Battery Co Ltd
SHG:688772
|
China | CN¥25.88 Billion |
|
HEG Limited
NSE:HEG
|
India | Rs61.66 Billion |
|
Hangzhou Kelin Electric Co. Ltd. A
SHG:688611
|
China | CN¥1.08 Billion |
|
Hengdian Group Tospo Lighting Co Ltd
SHG:603303
|
China | CN¥5.80 Billion |
|
Hangzhou Star Shuaier Electric Appliance Co Ltd
SHE:002860
|
China | CN¥3.86 Billion |
|
Dongguan Kingsun Optoelectronic Co Ltd
SHE:002638
|
China | CN¥2.33 Billion |
Qingdao Hanhe Cable Co Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 2.38 | 2.26 | 3.86 |
| Quick Ratio | 1.86 | 1.82 | 3.01 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥5.61 Billion | CN¥5.21 Billion | CN¥4.19 Billion |
Qingdao Hanhe Cable Co Ltd - Advanced Valuation Insights
This section examines the relationship between Qingdao Hanhe Cable Co Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.62 |
| Latest Market Cap to Assets Ratio | 0.31 |
| Asset Growth Rate (YoY) | 9.9% |
| Total Assets | CN¥11.44 Billion |
| Market Capitalization | $3.52 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Qingdao Hanhe Cable Co Ltd's assets below their book value (0.31x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Qingdao Hanhe Cable Co Ltd's assets grew by 9.9% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Qingdao Hanhe Cable Co Ltd (2007–2024)
The table below shows the annual total assets of Qingdao Hanhe Cable Co Ltd from 2007 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥11.44 Billion ≈ $1.67 Billion |
+9.88% |
| 2023-12-31 | CN¥10.42 Billion ≈ $1.52 Billion |
+5.69% |
| 2022-12-31 | CN¥9.86 Billion ≈ $1.44 Billion |
+5.73% |
| 2021-12-31 | CN¥9.32 Billion ≈ $1.36 Billion |
+24.07% |
| 2020-12-31 | CN¥7.51 Billion ≈ $1.10 Billion |
+18.14% |
| 2019-12-31 | CN¥6.36 Billion ≈ $930.54 Million |
-4.28% |
| 2018-12-31 | CN¥6.64 Billion ≈ $972.14 Million |
+6.73% |
| 2017-12-31 | CN¥6.22 Billion ≈ $910.87 Million |
-3.30% |
| 2016-12-31 | CN¥6.44 Billion ≈ $941.93 Million |
+3.57% |
| 2015-12-31 | CN¥6.21 Billion ≈ $909.43 Million |
+5.49% |
| 2014-12-31 | CN¥5.89 Billion ≈ $862.10 Million |
+16.85% |
| 2013-12-31 | CN¥5.04 Billion ≈ $737.77 Million |
+6.53% |
| 2012-12-31 | CN¥4.73 Billion ≈ $692.53 Million |
+6.21% |
| 2011-12-31 | CN¥4.46 Billion ≈ $652.03 Million |
+9.12% |
| 2010-12-31 | CN¥4.08 Billion ≈ $597.51 Million |
+75.53% |
| 2009-12-31 | CN¥2.33 Billion ≈ $340.41 Million |
+17.43% |
| 2008-12-31 | CN¥1.98 Billion ≈ $289.89 Million |
+20.66% |
| 2007-12-31 | CN¥1.64 Billion ≈ $240.26 Million |
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About Qingdao Hanhe Cable Co Ltd
Qingdao Hanhe Cable Co.,Ltd, together with its subsidiaries, engages in the development, production, and sale of cables and wires primarily in China. The company offers power cables, equipment cables, special cables, data cables, overhead lines, cable accessories, submarine cables, heat resistant and high strength aluminum alloy wires, fire-resistant cables, and DC series cables. It also provides… Read more