Qingdao Gaoce Technology Co Ltd
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) - Total Assets
Latest total assets as of September 2025: CN¥7.74 Billion CNY
Based on the latest financial reports, Qingdao Gaoce Technology Co Ltd (688556) holds total assets worth CN¥7.74 Billion 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.
Qingdao Gaoce Technology Co Ltd - Total Assets Trend (2013–2024)
This chart illustrates how Qingdao Gaoce Technology Co Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Qingdao Gaoce Technology Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Qingdao Gaoce Technology Co Ltd's total assets of CN¥7.74 Billion consist of 61.0% current assets and 39.0% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 6.1% |
| Accounts Receivable | CN¥3.21 Billion | 41.4% |
| Inventory | CN¥662.35 Million | 8.5% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥56.16 Million | 0.7% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2013–2024)
This chart illustrates how Qingdao Gaoce Technology 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.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Qingdao Gaoce Technology Co Ltd's current assets represent 61.0% of total assets in 2024, a decrease from 75.3% in 2013.
- Cash Position: Cash and equivalents constituted 6.1% of total assets in 2024, up from 4.5% in 2013.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 3.0% in 2013.
- Asset Diversification: The largest asset category is accounts receivable at 41.4% of total assets.
Qingdao Gaoce Technology Co Ltd Competitors by Total Assets
Key competitors of Qingdao Gaoce Technology Co Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Hanil Vacuum Co. Ltd
KQ:123840
|
Korea | ₩115.98 Billion |
|
Ivisionworks Co.,Ltd.
KQ:469750
|
Korea | ₩50.10 Billion |
|
Huayi Compressor Co Ltd
SHE:000404
|
China | CN¥15.16 Billion |
|
Shenyang Machine Tool Co Ltd
SHE:000410
|
China | CN¥9.63 Billion |
|
North Industries Group Red Arrow Co Ltd
SHE:000519
|
China | CN¥17.38 Billion |
|
Changchai Co Ltd
SHE:000570
|
China | CN¥5.30 Billion |
|
Jiangsu Youli Investment Holding Co Ltd
SHE:000584
|
China | CN¥3.49 Billion |
|
Baota Industry Co Ltd
SHE:000595
|
China | CN¥9.54 Billion |
Qingdao Gaoce Technology Co Ltd - 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 - Qingdao Gaoce Technology Co Ltd generates 0.58x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Qingdao Gaoce Technology Co Ltd is currently not profitable relative to its asset base.
Qingdao Gaoce Technology 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 | 2.07 | 1.75 | 1.69 |
| Quick Ratio | 1.63 | 1.43 | 1.32 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥2.51 Billion | CN¥ 2.40 Billion | CN¥ 627.41 Million |
Qingdao Gaoce Technology Co Ltd - Advanced Valuation Insights
This section examines the relationship between Qingdao Gaoce Technology 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 | 3.11 |
| Latest Market Cap to Assets Ratio | 0.18 |
| Asset Growth Rate (YoY) | -20.7% |
| Total Assets | CN¥7.75 Billion |
| Market Capitalization | $1.38 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Qingdao Gaoce Technology Co Ltd's assets below their book value (0.18 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Qingdao Gaoce Technology Co Ltd's assets decreased by 20.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Qingdao Gaoce Technology Co Ltd (2013–2024)
The table below shows the annual total assets of Qingdao Gaoce Technology Co Ltd from 2013 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥7.75 Billion | -20.72% |
| 2023-12-31 | CN¥9.78 Billion | +73.18% |
| 2022-12-31 | CN¥5.65 Billion | +74.54% |
| 2021-12-31 | CN¥3.23 Billion | +68.55% |
| 2020-12-31 | CN¥1.92 Billion | +32.76% |
| 2019-12-31 | CN¥1.45 Billion | +76.11% |
| 2018-12-31 | CN¥820.86 Million | +30.70% |
| 2017-12-31 | CN¥628.04 Million | +129.73% |
| 2016-12-31 | CN¥273.38 Million | +191.36% |
| 2015-12-31 | CN¥93.83 Million | -1.51% |
| 2014-12-31 | CN¥95.27 Million | +23.99% |
| 2013-12-31 | CN¥76.84 Million | -- |