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
QingCloud Technologies Corp. (688316) - Total Assets
Latest total assets as of September 2025: CN¥392.63 Million CNY
Based on the latest financial reports, QingCloud Technologies Corp. (688316) holds total assets worth CN¥392.63 Million CNY 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.
QingCloud Technologies Corp. - Total Assets Trend (2017–2024)
This chart illustrates how QingCloud Technologies Corp.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
QingCloud Technologies Corp. - Asset Composition Analysis
Current Asset Composition (December 2024)
QingCloud Technologies Corp.'s total assets of CN¥392.63 Million consist of 60.2% current assets and 39.8% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 41.3% |
| Accounts Receivable | CN¥83.18 Million | 14.4% |
| Inventory | CN¥915.33K | 0.2% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥2.54 Million | 0.4% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2017–2024)
This chart illustrates how QingCloud Technologies Corp.'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.
Key Asset Composition Facts
- Current vs. Non-Current Assets: QingCloud Technologies Corp.'s current assets represent 60.2% of total assets in 2024, a decrease from 88.5% in 2017.
- Cash Position: Cash and equivalents constituted 41.3% of total assets in 2024, down from 57.0% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2017.
- Asset Diversification: The largest asset category is accounts receivable at 14.4% of total assets.
QingCloud Technologies Corp. Competitors by Total Assets
Key competitors of QingCloud Technologies Corp. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Eastcompeace Technology Co Ltd
SHE:002017
|
China | CN¥2.97 Billion |
|
Wiscom System Co Ltd
SHE:002090
|
China | CN¥3.17 Billion |
|
Topsec Technologies Group Inc
SHE:002212
|
China | CN¥10.79 Billion |
|
Focus Technology Co Ltd
SHE:002315
|
China | CN¥4.27 Billion |
|
Beijing Venustech Inc
SHE:002439
|
China | CN¥13.16 Billion |
|
Maxvision Technology Corp
SHE:002990
|
China | CN¥3.74 Billion |
|
OpenSys M Bhd
KLSE:0040
|
Malaysia | RM129.25 Million |
|
Managepay Systems Bhd
KLSE:0156
|
Malaysia | RM86.24 Million |
QingCloud Technologies Corp. - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - QingCloud Technologies Corp. generates 0.47x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - QingCloud Technologies Corp. is currently not profitable relative to its asset base.
QingCloud Technologies Corp. - 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 | 0.72 | 0.79 | 1.12 |
| Quick Ratio | 0.71 | 0.79 | 1.11 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥-75.63 Million | CN¥ -87.69 Million | CN¥ 23.42 Million |
QingCloud Technologies Corp. - Advanced Valuation Insights
This section examines the relationship between QingCloud Technologies Corp.'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 | 114.43 |
| Latest Market Cap to Assets Ratio | 0.64 |
| Asset Growth Rate (YoY) | -7.6% |
| Total Assets | CN¥577.06 Million |
| Market Capitalization | $371.60 Million USD |
Valuation Analysis
Below Book Valuation: The market values QingCloud Technologies Corp.'s assets below their book value (0.64 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: QingCloud Technologies Corp.'s assets decreased by 7.6% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for QingCloud Technologies Corp. (2017–2024)
The table below shows the annual total assets of QingCloud Technologies Corp. from 2017 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥577.06 Million | -7.57% |
| 2023-12-31 | CN¥624.35 Million | +4.01% |
| 2022-12-31 | CN¥600.30 Million | -34.95% |
| 2021-12-31 | CN¥922.84 Million | +145.70% |
| 2020-12-31 | CN¥375.60 Million | -15.05% |
| 2019-12-31 | CN¥442.14 Million | -63.92% |
| 2018-12-31 | CN¥1.23 Billion | -7.27% |
| 2017-12-31 | CN¥1.32 Billion | -- |