New Hope Liuhe Co Ltd (000876) - Net Assets
Based on the latest financial reports, New Hope Liuhe Co Ltd (000876) has net assets worth CN¥35.65 Billion CNY (≈ $5.22 Billion 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¥116.87 Billion ≈ $17.10 Billion USD) and total liabilities (CN¥81.22 Billion ≈ $11.88 Billion 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 000876 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥35.65 Billion |
| % of Total Assets | 30.51% |
| Annual Growth Rate | 24.58% |
| 5-Year Change | -28.86% |
| 10-Year Change | 51.41% |
| Growth Volatility | 48.56 |
New Hope Liuhe Co Ltd - Net Assets Trend (1994–2024)
This chart illustrates how New Hope Liuhe Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is New Hope Liuhe Co Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for New Hope Liuhe Co Ltd (1994–2024)
The table below shows the annual net assets of New Hope Liuhe Co Ltd from 1994 to 2024. For live valuation and market cap data, see New Hope Liuhe Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥36.55 Billion ≈ $5.35 Billion |
+1.71% |
| 2023-12-31 | CN¥35.93 Billion ≈ $5.26 Billion |
-17.81% |
| 2022-12-31 | CN¥43.71 Billion ≈ $6.40 Billion |
-5.95% |
| 2021-12-31 | CN¥46.48 Billion ≈ $6.80 Billion |
-9.52% |
| 2020-12-31 | CN¥51.37 Billion ≈ $7.52 Billion |
+57.34% |
| 2019-12-31 | CN¥32.65 Billion ≈ $4.78 Billion |
+19.60% |
| 2018-12-31 | CN¥27.30 Billion ≈ $3.99 Billion |
+4.06% |
| 2017-12-31 | CN¥26.23 Billion ≈ $3.84 Billion |
+2.68% |
| 2016-12-31 | CN¥25.55 Billion ≈ $3.74 Billion |
+5.85% |
| 2015-12-31 | CN¥24.14 Billion ≈ $3.53 Billion |
+10.27% |
| 2014-12-31 | CN¥21.89 Billion ≈ $3.20 Billion |
+30.56% |
| 2013-12-31 | CN¥16.77 Billion ≈ $2.45 Billion |
+15.73% |
| 2012-12-31 | CN¥14.49 Billion ≈ $2.12 Billion |
+17.13% |
| 2011-12-31 | CN¥12.37 Billion ≈ $1.81 Billion |
+26.25% |
| 2010-12-31 | CN¥9.80 Billion ≈ $1.43 Billion |
+111.84% |
| 2009-12-31 | CN¥4.62 Billion ≈ $676.71 Million |
+31.53% |
| 2008-12-31 | CN¥3.52 Billion ≈ $514.48 Million |
+1.95% |
| 2007-12-31 | CN¥3.45 Billion ≈ $504.63 Million |
+25.70% |
| 2006-12-31 | CN¥2.74 Billion ≈ $401.45 Million |
+13.68% |
| 2005-12-31 | CN¥2.41 Billion ≈ $353.14 Million |
+11.92% |
| 2004-12-31 | CN¥2.16 Billion ≈ $315.51 Million |
+17.26% |
| 2003-12-31 | CN¥1.84 Billion ≈ $269.07 Million |
+34.30% |
| 2002-12-31 | CN¥1.37 Billion ≈ $200.35 Million |
+17.63% |
| 2001-12-31 | CN¥1.16 Billion ≈ $170.33 Million |
+33.08% |
| 2000-12-31 | CN¥874.65 Million ≈ $127.99 Million |
+66.43% |
| 1999-12-31 | CN¥525.52 Million ≈ $76.90 Million |
+14.56% |
| 1998-12-31 | CN¥458.73 Million ≈ $67.13 Million |
+253.92% |
| 1997-12-31 | CN¥129.61 Million ≈ $18.97 Million |
+29.58% |
| 1996-12-31 | CN¥100.02 Million ≈ $14.64 Million |
+61.33% |
| 1995-12-31 | CN¥62.00 Million ≈ $9.07 Million |
+23.78% |
| 1994-12-31 | CN¥50.09 Million ≈ $7.33 Million |
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Equity Component Analysis
This analysis shows how different components contribute to New Hope Liuhe 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 319726.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥10.11 Billion | 39.41% |
| Common Stock | CN¥4.53 Billion | 17.64% |
| Other Comprehensive Income | CN¥7.72 Billion | 30.10% |
| Other Components | CN¥3.30 Billion | 12.85% |
| Total Equity | CN¥25.66 Billion | 100.00% |
New Hope Liuhe Co Ltd Competitors by Market Cap
The table below lists competitors of New Hope Liuhe Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Qilu Bank Co Ltd
SHG:601665
|
$5.75 Billion |
|
Wangsu Science Tech
SHE:300017
|
$5.76 Billion |
|
Shenyang Fortune Precision Equipment Co. Ltd. A
SHG:688409
|
$5.76 Billion |
|
Gigabyte Technology Co Ltd
TW:2376
|
$5.76 Billion |
|
Addsino Co Ltd
SHE:000547
|
$5.75 Billion |
|
Bullish
NYSE:BLSH
|
$5.75 Billion |
|
Portland General Electric Co
NYSE:POR
|
$5.75 Billion |
|
Enpro Industries
NYSE:NPO
|
$5.74 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in New Hope Liuhe Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 24,776,055,000 to 25,657,330,000, a change of 881,275,000 (3.6%).
- Net income of 473,599,078 contributed positively to equity growth.
- Dividend payments of 2,238,837,000 reduced retained earnings.
- Share repurchases of 1,112,071,000 reduced equity.
- Other comprehensive income increased equity by 5,623,347,851.
- Other factors decreased equity by 1,864,763,929.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥473.60 Million | +1.85% |
| Dividends Paid | CN¥2.24 Billion | -8.73% |
| Share Repurchases | CN¥1.11 Billion | -4.33% |
| Other Comprehensive Income | CN¥5.62 Billion | +21.92% |
| Other Changes | CN¥-1.86 Billion | -7.27% |
| Total Change | CN¥- | 3.56% |
Book Value vs Market Value Analysis
This analysis compares New Hope Liuhe 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: 1.54x
- 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 264.09x to 1.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CN¥0.03 | CN¥8.73 | x |
| 1995-12-31 | CN¥0.04 | CN¥8.73 | x |
| 1996-12-31 | CN¥0.07 | CN¥8.73 | x |
| 1997-12-31 | CN¥0.09 | CN¥8.73 | x |
| 1998-12-31 | CN¥0.30 | CN¥8.73 | x |
| 1999-12-31 | CN¥0.33 | CN¥8.73 | x |
| 2000-12-31 | CN¥0.53 | CN¥8.73 | x |
| 2001-12-31 | CN¥0.68 | CN¥8.73 | x |
| 2002-12-31 | CN¥0.77 | CN¥8.73 | x |
| 2003-12-31 | CN¥0.91 | CN¥8.73 | x |
| 2004-12-31 | CN¥1.04 | CN¥8.73 | x |
| 2005-12-31 | CN¥1.17 | CN¥8.73 | x |
| 2006-12-31 | CN¥1.35 | CN¥8.73 | x |
| 2007-12-31 | CN¥1.73 | CN¥8.73 | x |
| 2008-12-31 | CN¥1.75 | CN¥8.73 | x |
| 2009-12-31 | CN¥2.08 | CN¥8.73 | x |
| 2010-12-31 | CN¥2.16 | CN¥8.73 | x |
| 2011-12-31 | CN¥2.76 | CN¥8.73 | x |
| 2012-12-31 | CN¥3.23 | CN¥8.73 | x |
| 2013-12-31 | CN¥3.74 | CN¥8.73 | x |
| 2014-12-31 | CN¥4.75 | CN¥8.73 | x |
| 2015-12-31 | CN¥4.62 | CN¥8.73 | x |
| 2016-12-31 | CN¥4.90 | CN¥8.73 | x |
| 2017-12-31 | CN¥4.93 | CN¥8.73 | x |
| 2018-12-31 | CN¥5.06 | CN¥8.73 | x |
| 2019-12-31 | CN¥6.29 | CN¥8.73 | x |
| 2020-12-31 | CN¥9.43 | CN¥8.73 | x |
| 2021-12-31 | CN¥7.63 | CN¥8.73 | x |
| 2022-12-31 | CN¥6.60 | CN¥8.73 | x |
| 2023-12-31 | CN¥5.50 | CN¥8.73 | x |
| 2024-12-31 | CN¥5.67 | CN¥8.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently New Hope Liuhe 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): 1.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.46%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 4.60x
- Recent ROE (1.85%) is below the historical average (16.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 71.65% | 15.66% | 3.17x | 1.44x | CN¥30.88 Million |
| 1995 | 89.18% | 13.43% | 2.99x | 2.22x | CN¥49.09 Million |
| 1996 | 56.85% | 13.26% | 2.82x | 1.52x | CN¥46.86 Million |
| 1997 | 40.52% | 11.35% | 2.90x | 1.23x | CN¥39.55 Million |
| 1998 | 12.65% | 14.64% | 0.79x | 1.09x | CN¥12.03 Million |
| 1999 | 11.06% | 11.46% | 0.73x | 1.33x | CN¥5.33 Million |
| 2000 | 3.53% | 4.80% | 0.58x | 1.27x | CN¥-52.21 Million |
| 2001 | 8.18% | 11.18% | 0.52x | 1.41x | CN¥-18.75 Million |
| 2002 | 10.30% | 10.50% | 0.49x | 1.99x | CN¥3.49 Million |
| 2003 | 9.00% | 6.26% | 0.61x | 2.34x | CN¥-13.77 Million |
| 2004 | 8.84% | 5.28% | 0.71x | 2.37x | CN¥-18.42 Million |
| 2005 | 10.03% | 5.73% | 0.81x | 2.17x | CN¥516.96K |
| 2006 | 10.79% | 6.14% | 0.79x | 2.21x | CN¥16.11 Million |
| 2007 | 11.57% | 6.32% | 0.70x | 2.63x | CN¥41.21 Million |
| 2008 | 8.56% | 3.15% | 1.03x | 2.63x | CN¥-38.36 Million |
| 2009 | 11.80% | 6.01% | 0.80x | 2.44x | CN¥62.35 Million |
| 2010 | 19.17% | 2.70% | 2.78x | 2.55x | CN¥687.61 Million |
| 2011 | 27.57% | 3.69% | 3.30x | 2.26x | CN¥1.68 Billion |
| 2012 | 15.19% | 2.33% | 2.97x | 2.20x | CN¥582.98 Million |
| 2013 | 14.58% | 2.74% | 2.30x | 2.31x | CN¥596.41 Million |
| 2014 | 11.48% | 2.88% | 2.10x | 1.90x | CN¥259.99 Million |
| 2015 | 11.48% | 3.59% | 1.75x | 1.83x | CN¥284.39 Million |
| 2016 | 12.04% | 4.06% | 1.63x | 1.82x | CN¥417.52 Million |
| 2017 | 10.94% | 3.64% | 1.47x | 2.04x | CN¥196.76 Million |
| 2018 | 7.91% | 2.47% | 1.44x | 2.22x | CN¥-449.72 Million |
| 2019 | 19.35% | 6.14% | 1.28x | 2.46x | CN¥2.44 Billion |
| 2020 | 12.41% | 4.50% | 0.96x | 2.86x | CN¥959.56 Million |
| 2021 | -28.60% | -7.60% | 0.95x | 3.96x | CN¥-12.94 Billion |
| 2022 | -4.99% | -1.03% | 1.04x | 4.67x | CN¥-4.38 Billion |
| 2023 | 1.01% | 0.18% | 1.09x | 5.23x | CN¥-2.23 Billion |
| 2024 | 1.85% | 0.46% | 0.87x | 4.60x | CN¥-2.09 Billion |
Industry Comparison
This section compares New Hope Liuhe Co Ltd's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $1,041,087,995
- Average return on equity (ROE) among peers: 5.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| New Hope Liuhe Co Ltd (000876) | CN¥35.65 Billion | 71.65% | 2.28x | $5.75 Billion |
| ShenZhen Kondarl Group Co Ltd (000048) | $-382.25K | 0.00% | 0.00x | $1.14 Billion |
| Guangdong Guanghong Holdings Co Ltd (000529) | $1.15 Billion | 6.52% | 0.26x | $483.52 Million |
| Hunan Zhenghong Science and Technology Develop Co Ltd (000702) | $522.63 Million | 10.67% | 0.38x | $361.65 Million |
| Hefei Fengle Seed Co Ltd (000713) | $1.39 Billion | 1.54% | 0.49x | $759.23 Million |
| Luoniushan Co Ltd (000735) | $418.09 Million | 11.68% | 0.34x | $1.11 Billion |
| Yuan Longping High-tech Agriculture Co Ltd (000998) | $2.02 Billion | 17.92% | 1.03x | $1.97 Billion |
| Dongrui Food Group Co Ltd (001201) | $140.85 Million | -19.04% | 1.66x | $499.06 Million |
| Jiangxi Sunshine Dairy Co Ltd (001318) | $585.62 Million | 19.17% | 0.10x | $552.18 Million |
| Shandong Denghai Seeds Co Ltd (002041) | $3.14 Billion | 1.32% | 0.17x | $1.32 Billion |
About New Hope Liuhe Co Ltd
New Hope Liuhe Co.,Ltd., together with its subsidiaries, engages in feed and pig farming and slaughtering businesses in China, Vietnam, the Philippines, Bangladesh, Indonesia, Cambodia, Sri Lanka, Singapore, Egypt, and internationally. The company offers meat and poultry, pig, aquatic, and ruminant feed products. It is also involved breeding pig and commercial pig fattening and deep processing of… Read more