Qi An Xin Technology Group Inc
Qi An Xin Technology Group Inc., a cybersecurity company, provides cybersecurity products and services for government, enterprises, and other institutions in China and internationally. The company provides security operations and response, threat intelligence, network and perimeter security, endpoint and identity security, and forensics products. In addition, the company operates a security opera… Read more
Qi An Xin Technology Group Inc (688561) - Total Assets
Latest total assets as of September 2025: CN¥14.72 Billion CNY
Based on the latest financial reports, Qi An Xin Technology Group Inc (688561) holds total assets worth CN¥14.72 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.
Qi An Xin Technology Group Inc - Total Assets Trend (2017–2024)
This chart illustrates how Qi An Xin Technology Group Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Qi An Xin Technology Group Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Qi An Xin Technology Group Inc's total assets of CN¥14.72 Billion consist of 61.8% current assets and 38.2% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 11.0% |
| Accounts Receivable | CN¥6.39 Billion | 43.0% |
| Inventory | CN¥804.76 Million | 5.4% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥85.73 Million | 0.6% |
| Goodwill | CN¥1.44 Billion | 9.7% |
Asset Composition Trend (2017–2024)
This chart illustrates how Qi An Xin Technology Group Inc'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: Qi An Xin Technology Group Inc's current assets represent 61.8% of total assets in 2024, an increase from 49.2% in 2017.
- Cash Position: Cash and equivalents constituted 11.0% of total assets in 2024, down from 16.3% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 9.0% of total assets, a decrease from 23.0% in 2017.
- Asset Diversification: The largest asset category is accounts receivable at 43.0% of total assets.
Qi An Xin Technology Group Inc Competitors by Total Assets
Key competitors of Qi An Xin Technology Group Inc 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 |
Qi An Xin Technology Group Inc - 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
Lower asset utilization - Qi An Xin Technology Group Inc generates 0.29x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Qi An Xin Technology Group Inc is currently not profitable relative to its asset base.
Qi An Xin Technology Group Inc - 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 | 1.63 | 1.78 | 3.88 |
| Quick Ratio | 1.44 | 1.61 | 3.61 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥3.47 Billion | CN¥ 3.96 Billion | CN¥ 6.43 Billion |
Qi An Xin Technology Group Inc - Advanced Valuation Insights
This section examines the relationship between Qi An Xin Technology Group Inc'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 | 3.35 |
| Latest Market Cap to Assets Ratio | 0.09 |
| Asset Growth Rate (YoY) | -8.6% |
| Total Assets | CN¥14.87 Billion |
| Market Capitalization | $1.35 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Qi An Xin Technology Group Inc's assets below their book value (0.09 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Qi An Xin Technology Group Inc's assets decreased by 8.6% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Qi An Xin Technology Group Inc (2017–2024)
The table below shows the annual total assets of Qi An Xin Technology Group Inc from 2017 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥14.87 Billion | -8.60% |
| 2023-12-31 | CN¥16.27 Billion | +18.22% |
| 2022-12-31 | CN¥13.76 Billion | +2.04% |
| 2021-12-31 | CN¥13.48 Billion | +8.52% |
| 2020-12-31 | CN¥12.42 Billion | +73.65% |
| 2019-12-31 | CN¥7.15 Billion | +5.49% |
| 2018-12-31 | CN¥6.78 Billion | +28.56% |
| 2017-12-31 | CN¥5.28 Billion | -- |