Shandong Minhe Animal Husbandry Co Ltd
Shandong Minhe Animal Husbandry Co., Ltd., together with its subsidiaries, engages in the breeding, producing, slaughtering, processing, and sale of commercial broiler chickens in the People's Republic of China. The company offers commercial chicken cooked food and prepared food. It also produces and sells organic fertilizer; and generates manure biogas and photovoltaic power. The company offers … Read more
Shandong Minhe Animal Husbandry Co Ltd (002234) - Net Assets
Latest net assets as of September 2025: CN¥1.79 Billion CNY
Based on the latest financial reports, Shandong Minhe Animal Husbandry Co Ltd (002234) has net assets worth CN¥1.79 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.70 Billion) and total liabilities (CN¥1.92 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.79 Billion |
| % of Total Assets | 48.27% |
| Annual Growth Rate | 13.75% |
| 5-Year Change | -23.09% |
| 10-Year Change | 130.62% |
| Growth Volatility | 53.31 |
Shandong Minhe Animal Husbandry Co Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Shandong Minhe Animal Husbandry Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shandong Minhe Animal Husbandry Co Ltd (2005–2024)
The table below shows the annual net assets of Shandong Minhe Animal Husbandry Co Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.02 Billion | -11.15% |
| 2023-12-31 | CN¥2.28 Billion | -14.75% |
| 2022-12-31 | CN¥2.67 Billion | -14.66% |
| 2021-12-31 | CN¥3.13 Billion | +18.98% |
| 2020-12-31 | CN¥2.63 Billion | -4.24% |
| 2019-12-31 | CN¥2.75 Billion | +144.83% |
| 2018-12-31 | CN¥1.12 Billion | +51.54% |
| 2017-12-31 | CN¥739.90 Million | -28.20% |
| 2016-12-31 | CN¥1.03 Billion | +17.54% |
| 2015-12-31 | CN¥876.66 Million | -26.47% |
| 2014-12-31 | CN¥1.19 Billion | +5.57% |
| 2013-12-31 | CN¥1.13 Billion | -17.72% |
| 2012-12-31 | CN¥1.37 Billion | -14.53% |
| 2011-12-31 | CN¥1.61 Billion | +153.80% |
| 2010-12-31 | CN¥632.71 Million | +8.47% |
| 2009-12-31 | CN¥583.32 Million | -6.84% |
| 2008-12-31 | CN¥626.18 Million | +104.38% |
| 2007-12-31 | CN¥306.38 Million | +39.47% |
| 2006-12-31 | CN¥219.68 Million | +25.74% |
| 2005-12-31 | CN¥174.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Minhe Animal Husbandry 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 1.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥46.87 Million | 2.30% |
| Common Stock | CN¥348.96 Million | 17.12% |
| Other Comprehensive Income | CN¥269.44 Million | 13.22% |
| Other Components | CN¥1.37 Billion | 67.36% |
| Total Equity | CN¥2.04 Billion | 100.00% |
Shandong Minhe Animal Husbandry Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Minhe Animal Husbandry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hunan Huakai Cultural and Creative Co Ltd
SHE:300592
|
$289.91 Million |
|
Privi Speciality Chemicals Limited
NSE:PRIVISCL
|
$290.19 Million |
|
Red 5 Limited
PINK:REDLF
|
$290.26 Million |
|
SintokogioLtd
PINK:SILDF
|
$290.29 Million |
|
Chongqing Sanxia Paints Co Ltd
SHE:000565
|
$289.82 Million |
|
Miquel y Costas & Miquel S.A.
MC:MCM
|
$289.79 Million |
|
Power Mech Projects Limited
NSE:POWERMECH
|
$289.63 Million |
|
Viemed Healthcare Inc
NASDAQ:VMD
|
$289.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Minhe Animal Husbandry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,287,351,411 to 2,038,289,386, a change of -249,062,025 (-10.9%).
- Net loss of 249,127,026 reduced equity.
- Dividend payments of 39,785,492 reduced retained earnings.
- Other comprehensive income increased equity by 65,000.
- Other factors increased equity by 39,785,493.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-249.13 Million | -12.22% |
| Dividends Paid | CN¥39.79 Million | -1.95% |
| Other Comprehensive Income | CN¥65.00K | +0.0% |
| Other Changes | CN¥39.79 Million | +1.95% |
| Total Change | CN¥- | -10.89% |
Book Value vs Market Value Analysis
This analysis compares Shandong Minhe Animal Husbandry 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: 1.59x
- 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 8.80x to 1.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | CN¥1.05 | CN¥9.23 | x |
| 2006-12-31 | CN¥1.31 | CN¥9.23 | x |
| 2007-12-31 | CN¥1.83 | CN¥9.23 | x |
| 2008-12-31 | CN¥3.22 | CN¥9.23 | x |
| 2009-12-31 | CN¥2.63 | CN¥9.23 | x |
| 2010-12-31 | CN¥2.85 | CN¥9.23 | x |
| 2011-12-31 | CN¥7.21 | CN¥9.23 | x |
| 2012-12-31 | CN¥4.50 | CN¥9.23 | x |
| 2013-12-31 | CN¥3.73 | CN¥9.23 | x |
| 2014-12-31 | CN¥3.99 | CN¥9.23 | x |
| 2015-12-31 | CN¥2.89 | CN¥9.23 | x |
| 2016-12-31 | CN¥3.42 | CN¥9.23 | x |
| 2017-12-31 | CN¥2.44 | CN¥9.23 | x |
| 2018-12-31 | CN¥3.71 | CN¥9.23 | x |
| 2019-12-31 | CN¥9.06 | CN¥9.23 | x |
| 2020-12-31 | CN¥8.68 | CN¥9.23 | x |
| 2021-12-31 | CN¥9.19 | CN¥9.23 | x |
| 2022-12-31 | CN¥7.66 | CN¥9.23 | x |
| 2023-12-31 | CN¥6.57 | CN¥9.23 | x |
| 2024-12-31 | CN¥5.81 | CN¥9.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Minhe Animal Husbandry 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): -12.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.54%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.88x
- Recent ROE (-12.22%) is below the historical average (2.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 22.58% | 9.41% | 1.02x | 2.36x | CN¥21.26 Million |
| 2006 | 19.65% | 10.48% | 0.83x | 2.27x | CN¥20.37 Million |
| 2007 | 28.64% | 15.01% | 0.85x | 2.23x | CN¥55.14 Million |
| 2008 | 8.37% | 6.34% | 0.79x | 1.66x | CN¥-10.00 Million |
| 2009 | -7.41% | -5.85% | 0.70x | 1.81x | CN¥-99.72 Million |
| 2010 | 7.20% | 4.43% | 0.91x | 1.80x | CN¥-17.27 Million |
| 2011 | 11.65% | 13.91% | 0.64x | 1.32x | CN¥26.47 Million |
| 2012 | -6.00% | -6.91% | 0.58x | 1.50x | CN¥-219.60 Million |
| 2013 | -21.73% | -24.63% | 0.55x | 1.61x | CN¥-358.35 Million |
| 2014 | 5.26% | 5.28% | 0.54x | 1.84x | CN¥-56.53 Million |
| 2015 | -35.99% | -35.03% | 0.50x | 2.06x | CN¥-403.19 Million |
| 2016 | 14.92% | 10.92% | 0.65x | 2.11x | CN¥50.74 Million |
| 2017 | -39.27% | -27.22% | 0.47x | 3.08x | CN¥-364.54 Million |
| 2018 | 33.97% | 20.94% | 0.69x | 2.34x | CN¥268.60 Million |
| 2019 | 58.82% | 49.14% | 1.00x | 1.19x | CN¥1.34 Billion |
| 2020 | 2.54% | 3.96% | 0.51x | 1.27x | CN¥-195.56 Million |
| 2021 | 1.52% | 2.68% | 0.46x | 1.23x | CN¥-264.96 Million |
| 2022 | -17.39% | -28.90% | 0.41x | 1.48x | CN¥-732.28 Million |
| 2023 | -16.89% | -18.62% | 0.55x | 1.64x | CN¥-615.05 Million |
| 2024 | -12.22% | -11.54% | 0.56x | 1.88x | CN¥-452.96 Million |
Industry Comparison
This section compares Shandong Minhe Animal Husbandry Co Ltd's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $1,314,559,364
- Average return on equity (ROE) among peers: 7.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Minhe Animal Husbandry Co Ltd (002234) | CN¥1.79 Billion | 22.58% | 1.07x | $289.84 Million |
| ShenZhen Kondarl Group Co Ltd (000048) | $493.88 Million | 5.67% | 1.45x | $677.04 Million |
| Hunan Zhenghong Science and Technology Develop Co Ltd (000702) | $473.86 Million | 3.40% | 0.49x | $192.35 Million |
| Hefei Fengle Seed Co Ltd (000713) | $541.01 Million | 5.38% | 1.28x | $460.52 Million |
| Luoniushan Co Ltd (000735) | $1.57 Billion | 5.18% | 0.35x | $939.65 Million |
| New Hope Liuhe Co Ltd (000876) | $4.62 Billion | 8.84% | 0.83x | $3.80 Billion |
| Yuan Longping High-tech Agriculture Co Ltd (000998) | $903.81 Million | 2.44% | 0.22x | $1.92 Billion |
| Dongrui Food Group Co Ltd (001201) | $326.81 Million | 2.47% | 0.90x | $262.05 Million |
| Jiangxi Sunshine Dairy Co Ltd (001318) | $555.07 Million | 18.79% | 0.29x | $164.61 Million |
| Boen Group Co. Ltd. Cl A (001366) | $521.42 Million | 14.80% | 0.42x | $88.79 Million |
| Shandong Denghai Seeds Co Ltd (002041) | $3.14 Billion | 3.25% | 0.20x | $542.58 Million |