Qijing Machinery (603677) - Total Assets
Based on the latest financial reports, Qijing Machinery (603677) holds total assets worth CN¥2.25 Billion CNY (≈ $329.77 Million 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. See Qijing Machinery (603677) shareholders funds for net asset value and shareholders' equity analysis.
Qijing Machinery - Total Assets Trend (2011–2024)
This chart illustrates how Qijing Machinery's total assets have evolved over time, based on quarterly financial data.
Qijing Machinery - Asset Composition Analysis
Current Asset Composition (December 2024)
Qijing Machinery's total assets of CN¥2.25 Billion consist of 65.9% current assets and 34.2% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 16.1% |
| Accounts Receivable | CN¥676.37 Million | 29.9% |
| Inventory | CN¥430.97 Million | 19.1% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥93.35 Million | 4.1% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2011–2024)
This chart illustrates how Qijing Machinery'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 603677 company net worth.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Qijing Machinery's current assets represent 65.9% of total assets in 2024, a decrease from 69.4% in 2011.
- Cash Position: Cash and equivalents constituted 16.1% of total assets in 2024, up from 8.5% in 2011.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 4.0% of total assets, an increase from 1.0% in 2011.
- Asset Diversification: The largest asset category is accounts receivable at 29.9% of total assets.
Qijing Machinery Competitors by Total Assets
Key competitors of Qijing Machinery based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shandong Linglong Tyre Co Ltd
SHG:601966
|
China | CN¥47.67 Billion |
|
Versigent PLC
NYSE:VGNT
|
USA | $5.00 Billion |
|
Zhejiang Songyuan Automotive Safety
SHE:300893
|
China | CN¥3.68 Billion |
|
Tian Jin Motor Dies Co Ltd
SHE:002510
|
China | CN¥6.36 Billion |
|
Burelle SA
PA:BUR
|
France | €8.35 Billion |
|
Qingdao Doublestar Co Ltd
SHE:000599
|
China | CN¥9.23 Billion |
|
Giti Tire Corp
SHG:600182
|
China | CN¥4.48 Billion |
|
Changzhou Langbo Seal Polytron Technologies Co Ltd Class A
SHG:603655
|
China | CN¥598.16 Million |
Qijing Machinery - 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 | 2.14 | 1.58 | 2.40 |
| Quick Ratio | 1.49 | 1.17 | 1.70 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥780.25 Million | CN¥597.34 Million | CN¥662.46 Million |
Qijing Machinery - Advanced Valuation Insights
This section examines the relationship between Qijing Machinery'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 | 3.04 |
| Latest Market Cap to Assets Ratio | 0.20 |
| Asset Growth Rate (YoY) | 5.4% |
| Total Assets | CN¥2.26 Billion |
| Market Capitalization | $450.09 Million USD |
Valuation Analysis
Below Book Valuation: The market values Qijing Machinery's assets below their book value (0.20x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Qijing Machinery's assets grew by 5.4% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Qijing Machinery (2011–2024)
The table below shows the annual total assets of Qijing Machinery from 2011 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.26 Billion ≈ $330.87 Million |
+5.43% |
| 2023-12-31 | CN¥2.14 Billion ≈ $313.82 Million |
+6.74% |
| 2022-12-31 | CN¥2.01 Billion ≈ $294.00 Million |
-2.28% |
| 2021-12-31 | CN¥2.06 Billion ≈ $300.85 Million |
+13.71% |
| 2020-12-31 | CN¥1.81 Billion ≈ $264.58 Million |
+1.87% |
| 2019-12-31 | CN¥1.77 Billion ≈ $259.73 Million |
-11.42% |
| 2018-12-31 | CN¥2.00 Billion ≈ $293.23 Million |
+43.84% |
| 2017-12-31 | CN¥1.39 Billion ≈ $203.85 Million |
+53.68% |
| 2016-12-31 | CN¥906.49 Million ≈ $132.65 Million |
+1.12% |
| 2015-12-31 | CN¥896.45 Million ≈ $131.18 Million |
+1.24% |
| 2014-12-31 | CN¥885.49 Million ≈ $129.57 Million |
+5.30% |
| 2013-12-31 | CN¥840.92 Million ≈ $123.05 Million |
-0.30% |
| 2012-12-31 | CN¥843.42 Million ≈ $123.42 Million |
-6.47% |
| 2011-12-31 | CN¥901.78 Million ≈ $131.96 Million |
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About Qijing Machinery
Qijing Machinery Co., Ltd. researches and develops, produces, and sells electric tool parts in China. It offers home appliance parts, such as washing machine clutch parts, washing machine injection molding parts, drum washing machine spare parts, and dishwasher parts; auto parts including engine parts, gearbox parts, engineering machinery parts, etc., mainly used in automobile car engines, gearbo… Read more