Shenzhen Shenbao Industrial Co Ltd (000019) - Net Assets
Based on the latest financial reports, Shenzhen Shenbao Industrial Co Ltd (000019) has net assets worth CN¥4.99 Billion CNY (≈ $730.30 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥7.01 Billion ≈ $1.03 Billion USD) and total liabilities (CN¥2.02 Billion ≈ $295.76 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check 000019 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.99 Billion |
| % of Total Assets | 71.18% |
| Annual Growth Rate | 12.48% |
| 5-Year Change | 2.63% |
| 10-Year Change | 414.18% |
| Growth Volatility | 65.8 |
Shenzhen Shenbao Industrial Co Ltd - Net Assets Trend (1991–2024)
This chart illustrates how Shenzhen Shenbao Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shenzhen Shenbao Industrial Co Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for Shenzhen Shenbao Industrial Co Ltd (1991–2024)
The table below shows the annual net assets of Shenzhen Shenbao Industrial Co Ltd from 1991 to 2024. For live valuation and market cap data, see Shenzhen Shenbao Industrial Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.92 Billion ≈ $720.15 Million |
+0.90% |
| 2023-12-31 | CN¥4.88 Billion ≈ $713.76 Million |
+0.93% |
| 2022-12-31 | CN¥4.83 Billion ≈ $707.14 Million |
+2.89% |
| 2021-12-31 | CN¥4.70 Billion ≈ $687.31 Million |
-2.05% |
| 2020-12-31 | CN¥4.80 Billion ≈ $701.70 Million |
+3.72% |
| 2019-12-31 | CN¥4.62 Billion ≈ $676.55 Million |
+6.59% |
| 2018-12-31 | CN¥4.34 Billion ≈ $634.73 Million |
+350.35% |
| 2017-12-31 | CN¥963.15 Million ≈ $140.94 Million |
-8.25% |
| 2016-12-31 | CN¥1.05 Billion ≈ $153.61 Million |
+9.67% |
| 2015-12-31 | CN¥957.14 Million ≈ $140.06 Million |
-3.67% |
| 2014-12-31 | CN¥993.64 Million ≈ $145.40 Million |
-1.78% |
| 2013-12-31 | CN¥1.01 Billion ≈ $148.04 Million |
+0.55% |
| 2012-12-31 | CN¥1.01 Billion ≈ $147.23 Million |
+13.07% |
| 2011-12-31 | CN¥889.88 Million ≈ $130.22 Million |
+138.61% |
| 2010-12-31 | CN¥372.94 Million ≈ $54.57 Million |
+2.08% |
| 2009-12-31 | CN¥365.34 Million ≈ $53.46 Million |
-4.64% |
| 2008-12-31 | CN¥383.12 Million ≈ $56.06 Million |
+4.36% |
| 2007-12-31 | CN¥367.11 Million ≈ $53.72 Million |
+23.88% |
| 2006-12-31 | CN¥296.34 Million ≈ $43.36 Million |
+14.63% |
| 2005-12-31 | CN¥258.51 Million ≈ $37.83 Million |
+8.32% |
| 2004-12-31 | CN¥238.66 Million ≈ $34.92 Million |
-0.35% |
| 2003-12-31 | CN¥239.50 Million ≈ $35.05 Million |
-17.05% |
| 2002-12-31 | CN¥288.72 Million ≈ $42.25 Million |
-11.92% |
| 2001-12-31 | CN¥327.81 Million ≈ $47.97 Million |
+13.18% |
| 2000-12-31 | CN¥289.64 Million ≈ $42.38 Million |
+0.09% |
| 1999-12-31 | CN¥289.38 Million ≈ $42.35 Million |
-2.50% |
| 1998-12-31 | CN¥296.80 Million ≈ $43.43 Million |
+5.79% |
| 1997-12-31 | CN¥280.57 Million ≈ $41.06 Million |
+4.45% |
| 1996-12-31 | CN¥268.62 Million ≈ $39.31 Million |
+9.60% |
| 1995-12-31 | CN¥245.09 Million ≈ $35.86 Million |
+11.41% |
| 1994-12-31 | CN¥219.99 Million ≈ $32.19 Million |
-6.53% |
| 1993-12-31 | CN¥235.35 Million ≈ $34.44 Million |
+8.36% |
| 1992-12-31 | CN¥217.20 Million ≈ $31.78 Million |
+113.96% |
| 1991-12-31 | CN¥101.51 Million ≈ $14.85 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Shenbao Industrial Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 30359.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.88 Billion | 38.17% |
| Common Stock | CN¥1.15 Billion | 23.43% |
| Other Comprehensive Income | CN¥626.16 Million | 12.73% |
| Other Components | CN¥1.26 Billion | 25.67% |
| Total Equity | CN¥4.92 Billion | 100.00% |
Shenzhen Shenbao Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Shenzhen Shenbao Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Metropolitan Kentjana Tbk
JK:MKPI
|
$1.24 Billion |
|
BLS International Services Limited
NSE:BLS
|
$1.24 Billion |
|
Bright Real Estate Group Co Ltd
SHG:600708
|
$1.24 Billion |
|
Shenzhen JingQuanHua Electronics Co Ltd
SHE:002885
|
$1.24 Billion |
|
Sichuan Huiyu Pharmaceutical Co Ltd
SHG:688553
|
$1.24 Billion |
|
Superloop Ltd
AU:SLC
|
$1.24 Billion |
|
Ambea AB
ST:AMBEA
|
$1.24 Billion |
|
Playtika Holding Corp
NASDAQ:PLTK
|
$1.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Shenbao Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,824,452,103 to 4,919,674,142, a change of 95,222,039 (2.0%).
- Net income of 325,309,579 contributed positively to equity growth.
- Dividend payments of 258,068,059 reduced retained earnings.
- Other comprehensive income increased equity by 133,416,574.
- Other factors decreased equity by 105,436,055.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥325.31 Million | +6.61% |
| Dividends Paid | CN¥258.07 Million | -5.25% |
| Other Comprehensive Income | CN¥133.42 Million | +2.71% |
| Other Changes | CN¥-105.44 Million | -2.14% |
| Total Change | CN¥- | 1.97% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Shenbao Industrial Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.80x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 34.38x to 1.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-12-31 | CN¥0.22 | CN¥7.69 | x |
| 1992-12-31 | CN¥0.54 | CN¥7.69 | x |
| 1993-12-31 | CN¥0.60 | CN¥7.69 | x |
| 1994-12-31 | CN¥0.55 | CN¥7.69 | x |
| 1995-12-31 | CN¥0.62 | CN¥7.69 | x |
| 1996-12-31 | CN¥0.74 | CN¥7.69 | x |
| 1997-12-31 | CN¥0.78 | CN¥7.69 | x |
| 1998-12-31 | CN¥0.82 | CN¥7.69 | x |
| 1999-12-31 | CN¥0.80 | CN¥7.69 | x |
| 2000-12-31 | CN¥0.80 | CN¥7.69 | x |
| 2001-12-31 | CN¥0.91 | CN¥7.69 | x |
| 2002-12-31 | CN¥0.76 | CN¥7.69 | x |
| 2003-12-31 | CN¥0.64 | CN¥7.69 | x |
| 2004-12-31 | CN¥0.65 | CN¥7.69 | x |
| 2005-12-31 | CN¥0.67 | CN¥7.69 | x |
| 2006-12-31 | CN¥0.79 | CN¥7.69 | x |
| 2007-12-31 | CN¥0.89 | CN¥7.69 | x |
| 2008-12-31 | CN¥0.93 | CN¥7.69 | x |
| 2009-12-31 | CN¥0.89 | CN¥7.69 | x |
| 2010-12-31 | CN¥0.87 | CN¥7.69 | x |
| 2011-12-31 | CN¥2.08 | CN¥7.69 | x |
| 2012-12-31 | CN¥1.94 | CN¥7.69 | x |
| 2013-12-31 | CN¥1.93 | CN¥7.69 | x |
| 2014-12-31 | CN¥1.96 | CN¥7.69 | x |
| 2015-12-31 | CN¥1.88 | CN¥7.69 | x |
| 2016-12-31 | CN¥2.08 | CN¥7.69 | x |
| 2017-12-31 | CN¥0.82 | CN¥7.69 | x |
| 2018-12-31 | CN¥3.62 | CN¥7.69 | x |
| 2019-12-31 | CN¥3.84 | CN¥7.69 | x |
| 2020-12-31 | CN¥3.99 | CN¥7.69 | x |
| 2021-12-31 | CN¥4.02 | CN¥7.69 | x |
| 2022-12-31 | CN¥4.13 | CN¥7.69 | x |
| 2023-12-31 | CN¥4.19 | CN¥7.69 | x |
| 2024-12-31 | CN¥4.27 | CN¥7.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Shenbao Industrial Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.61%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.05%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.57x
- Recent ROE (6.61%) is below the historical average (6.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 23.64% | 7.97% | 1.17x | 2.53x | CN¥10.99 Million |
| 1992 | 9.90% | 6.81% | 0.86x | 1.69x | CN¥-188.27K |
| 1993 | 11.76% | 6.98% | 0.86x | 1.97x | CN¥3.79 Million |
| 1994 | -3.44% | -2.62% | 0.60x | 2.20x | CN¥-26.51 Million |
| 1995 | 1.61% | 1.35% | 0.61x | 1.94x | CN¥-18.89 Million |
| 1996 | 16.03% | 38.08% | 0.26x | 1.59x | CN¥16.15 Million |
| 1997 | 10.78% | 28.91% | 0.24x | 1.55x | CN¥2.18 Million |
| 1998 | 11.48% | 37.50% | 0.20x | 1.54x | CN¥4.37 Million |
| 1999 | 10.06% | 44.25% | 0.14x | 1.63x | CN¥182.34K |
| 2000 | 0.97% | 4.01% | 0.16x | 1.47x | CN¥-26.15 Million |
| 2001 | 3.19% | 17.10% | 0.15x | 1.22x | CN¥-22.32 Million |
| 2002 | 3.94% | 13.96% | 0.17x | 1.65x | CN¥-16.62 Million |
| 2003 | -19.56% | -72.26% | 0.14x | 1.94x | CN¥-67.79 Million |
| 2004 | 1.84% | 6.65% | 0.14x | 1.99x | CN¥-19.06 Million |
| 2005 | 2.31% | 6.80% | 0.19x | 1.83x | CN¥-18.44 Million |
| 2006 | 14.01% | 38.11% | 0.22x | 1.68x | CN¥11.17 Million |
| 2007 | 13.65% | 22.73% | 0.41x | 1.46x | CN¥11.68 Million |
| 2008 | 3.80% | 8.36% | 0.28x | 1.60x | CN¥-20.64 Million |
| 2009 | -4.03% | -7.01% | 0.30x | 1.95x | CN¥-44.91 Million |
| 2010 | 1.75% | 2.48% | 0.35x | 2.03x | CN¥-26.82 Million |
| 2011 | 0.78% | 2.21% | 0.30x | 1.19x | CN¥-82.01 Million |
| 2012 | 7.73% | 23.98% | 0.25x | 1.27x | CN¥-21.89 Million |
| 2013 | 4.55% | 9.96% | 0.33x | 1.39x | CN¥-52.39 Million |
| 2014 | 1.37% | 3.62% | 0.32x | 1.19x | CN¥-83.76 Million |
| 2015 | -3.77% | -10.42% | 0.32x | 1.13x | CN¥-128.82 Million |
| 2016 | 9.36% | 35.34% | 0.23x | 1.14x | CN¥-6.56 Million |
| 2017 | 37.93% | 3.33% | 10.08x | 1.13x | CN¥264.48 Million |
| 2018 | 7.39% | 2.87% | 1.66x | 1.55x | CN¥-108.92 Million |
| 2019 | 8.22% | 3.29% | 1.63x | 1.53x | CN¥-78.57 Million |
| 2020 | 8.82% | 3.41% | 1.63x | 1.59x | CN¥-54.44 Million |
| 2021 | 9.26% | 4.23% | 1.32x | 1.66x | CN¥-34.31 Million |
| 2022 | 8.83% | 5.06% | 1.12x | 1.56x | CN¥-55.53 Million |
| 2023 | 7.21% | 5.62% | 0.84x | 1.53x | CN¥-134.71 Million |
| 2024 | 6.61% | 6.05% | 0.70x | 1.57x | CN¥-166.66 Million |
Industry Comparison
This section compares Shenzhen Shenbao Industrial Co Ltd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $558,226,239
- Average return on equity (ROE) among peers: 8.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Shenbao Industrial Co Ltd (000019) | CN¥4.99 Billion | 23.64% | 0.40x | $1.24 Billion |
| Hainan Pearl River Holdings Co Ltd (000505) | $581.64 Million | 0.71% | 0.96x | $640.30 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $1.22 Billion | 9.64% | 0.53x | $320.65 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $138.53 Million | -4.55% | 4.80x | $566.73 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $272.30 Million | 36.10% | 1.40x | $498.43 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $780.28 Million | 7.22% | 0.51x | $14.06 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $-254.89 Million | 0.00% | 0.00x | $435.65 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $582.34 Million | 13.15% | 0.64x | $666.24 Million |
| Qingdao Foods Co Ltd (001219) | $273.68 Million | 14.03% | 0.19x | $450.52 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $1.43 Billion | 2.91% | 0.85x | $587.64 Million |
About Shenzhen Shenbao Industrial Co Ltd
Shenzhen Cereals Holdings Co.,Ltd. engages in the wholesale and retail, food processing and manufacturing, and leasing and commerce service businesses in the People's Republic of China and internationally. The company wholesales and retails rice, wheat, rice in the husk, corn, sorghum, cooking oil, and other grains and oil, as well as sells fine tea, beverages, and condiments. It also processed a… Read more