Royal Group Co Ltd (002329) - Net Assets
Based on the latest financial reports, Royal Group Co Ltd (002329) has net assets worth CN¥595.84 Million CNY (≈ $87.19 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.45 Billion ≈ $650.62 Million USD) and total liabilities (CN¥3.85 Billion ≈ $563.43 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 Royal Group Co Ltd (002329) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥595.84 Million |
| % of Total Assets | 13.4% |
| Annual Growth Rate | 9.58% |
| 5-Year Change | -67.9% |
| 10-Year Change | -79.55% |
| Growth Volatility | 81.07 |
Royal Group Co Ltd - Net Assets Trend (2006–2025)
This chart illustrates how Royal Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See Royal Group Co Ltd (002329) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Royal Group Co Ltd (2006–2025)
The table below shows the annual net assets of Royal Group Co Ltd from 2006 to 2025. For live valuation and market cap data, see Royal Group Co Ltd (002329) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥592.90 Million ≈ $86.76 Million |
-43.51% |
| 2024-12-31 | CN¥1.05 Billion ≈ $153.59 Million |
-40.03% |
| 2023-12-31 | CN¥1.75 Billion ≈ $256.11 Million |
-9.62% |
| 2022-12-31 | CN¥1.94 Billion ≈ $283.37 Million |
+4.83% |
| 2021-12-31 | CN¥1.85 Billion ≈ $270.30 Million |
-20.45% |
| 2020-12-31 | CN¥2.32 Billion ≈ $339.80 Million |
-5.40% |
| 2019-12-31 | CN¥2.45 Billion ≈ $359.21 Million |
+2.93% |
| 2018-12-31 | CN¥2.38 Billion ≈ $348.97 Million |
-18.91% |
| 2017-12-31 | CN¥2.94 Billion ≈ $430.36 Million |
+1.42% |
| 2016-12-31 | CN¥2.90 Billion ≈ $424.32 Million |
+4.33% |
| 2015-12-31 | CN¥2.78 Billion ≈ $406.72 Million |
+65.08% |
| 2014-12-31 | CN¥1.68 Billion ≈ $246.38 Million |
+85.67% |
| 2013-12-31 | CN¥906.83 Million ≈ $132.70 Million |
+0.08% |
| 2012-12-31 | CN¥906.13 Million ≈ $132.60 Million |
+3.14% |
| 2011-12-31 | CN¥878.59 Million ≈ $128.56 Million |
+17.33% |
| 2010-12-31 | CN¥748.80 Million ≈ $109.57 Million |
+3.43% |
| 2009-12-31 | CN¥723.95 Million ≈ $105.94 Million |
+342.93% |
| 2008-12-31 | CN¥163.44 Million ≈ $23.92 Million |
+23.12% |
| 2007-12-31 | CN¥132.75 Million ≈ $19.43 Million |
+27.42% |
| 2006-12-31 | CN¥104.19 Million ≈ $15.25 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Royal Group 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 decreased by 10281.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.99 Billion | 408.82% |
| Total Equity | CN¥485.70 Million | 100.00% |
Royal Group Co Ltd Competitors by Market Cap
The table below lists competitors of Royal Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
M-tron Industries, Inc.
NYSE MKT:MPTI
|
$350.87 Million |
|
ZheJiang HuaSheng Technology Co.Ltd
SHG:605180
|
$350.92 Million |
|
VRG SA
WAR:VRG
|
$351.02 Million |
|
CellaVision AB
ST:CEVI
|
$351.14 Million |
|
VTEX
NYSE:VTEX
|
$350.78 Million |
|
Sumber Global Energy Tbk Pt
JK:SGER
|
$350.72 Million |
|
HD Renewable Energy Co. Ltd.
TW:6873
|
$350.68 Million |
|
AfreecaTV Co. Ltd
KQ:067160
|
$350.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Royal Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 934,520,860 to 485,698,912, a change of -448,821,948 (-48.0%).
- Net loss of 448,535,056 reduced equity.
- Dividend payments of 127,965,941 reduced retained earnings.
- Other comprehensive income increased equity by 53,173,488.
- Other factors increased equity by 74,505,561.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-448.54 Million | -92.35% |
| Dividends Paid | CN¥127.97 Million | -26.35% |
| Other Comprehensive Income | CN¥53.17 Million | +10.95% |
| Other Changes | CN¥74.51 Million | +15.34% |
| Total Change | CN¥- | -48.03% |
Book Value vs Market Value Analysis
This analysis compares Royal Group 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: 4.94x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 13.42x to 4.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.21 | CN¥2.88 | x |
| 2007-12-31 | CN¥0.29 | CN¥2.88 | x |
| 2008-12-31 | CN¥0.37 | CN¥2.88 | x |
| 2009-12-31 | CN¥1.60 | CN¥2.88 | x |
| 2010-12-31 | CN¥1.25 | CN¥2.88 | x |
| 2011-12-31 | CN¥1.32 | CN¥2.88 | x |
| 2012-12-31 | CN¥1.34 | CN¥2.88 | x |
| 2013-12-31 | CN¥1.33 | CN¥2.88 | x |
| 2014-12-31 | CN¥2.54 | CN¥2.88 | x |
| 2015-12-31 | CN¥3.22 | CN¥2.88 | x |
| 2016-12-31 | CN¥3.27 | CN¥2.88 | x |
| 2017-12-31 | CN¥3.39 | CN¥2.88 | x |
| 2018-12-31 | CN¥2.54 | CN¥2.88 | x |
| 2019-12-31 | CN¥2.60 | CN¥2.88 | x |
| 2020-12-31 | CN¥2.43 | CN¥2.88 | x |
| 2021-12-31 | CN¥1.86 | CN¥2.88 | x |
| 2022-12-31 | CN¥1.29 | CN¥2.88 | x |
| 2023-12-31 | CN¥1.90 | CN¥2.88 | x |
| 2024-12-31 | CN¥1.12 | CN¥2.88 | x |
| 2025-12-31 | CN¥0.58 | CN¥2.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Royal Group 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): -92.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -25.31%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 8.93x
- Recent ROE (-92.35%) is below the historical average (-4.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 28.29% | 18.33% | 0.61x | 2.54x | CN¥17.65 Million |
| 2007 | 23.79% | 14.47% | 0.80x | 2.06x | CN¥17.50 Million |
| 2008 | 22.47% | 14.30% | 0.82x | 1.92x | CN¥20.37 Million |
| 2009 | 6.30% | 14.97% | 0.33x | 1.26x | CN¥-26.78 Million |
| 2010 | 7.61% | 13.85% | 0.45x | 1.23x | CN¥-17.86 Million |
| 2011 | 7.45% | 10.30% | 0.52x | 1.39x | CN¥-20.17 Million |
| 2012 | 4.08% | 4.33% | 0.58x | 1.62x | CN¥-47.39 Million |
| 2013 | 4.58% | 3.67% | 0.78x | 1.59x | CN¥-43.06 Million |
| 2014 | 4.86% | 6.68% | 0.50x | 1.47x | CN¥-79.89 Million |
| 2015 | 7.13% | 10.96% | 0.38x | 1.72x | CN¥-74.21 Million |
| 2016 | 10.62% | 11.88% | 0.47x | 1.90x | CN¥16.96 Million |
| 2017 | 2.06% | 2.40% | 0.42x | 2.04x | CN¥-218.28 Million |
| 2018 | -28.95% | -28.71% | 0.45x | 2.25x | CN¥-829.07 Million |
| 2019 | 2.23% | 2.16% | 0.46x | 2.27x | CN¥-169.35 Million |
| 2020 | -6.74% | -5.51% | 0.41x | 2.98x | CN¥-340.59 Million |
| 2021 | -30.26% | -18.37% | 0.47x | 3.48x | CN¥-627.82 Million |
| 2022 | 0.78% | 0.42% | 0.49x | 3.81x | CN¥-142.53 Million |
| 2023 | 4.10% | 2.33% | 0.55x | 3.18x | CN¥-96.89 Million |
| 2024 | -72.84% | -33.27% | 0.45x | 4.91x | CN¥-774.13 Million |
| 2025 | -92.35% | -25.31% | 0.41x | 8.93x | CN¥-497.10 Million |
Industry Comparison
This section compares Royal Group Co Ltd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $1,024,359,158
- Average return on equity (ROE) among peers: 10.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Royal Group Co Ltd (002329) | CN¥595.84 Million | 28.29% | 6.46x | $350.80 Million |
| Shenzhen Shenbao Industrial Co Ltd (000019) | $365.34 Million | -3.53% | 0.71x | $992.25 Million |
| Hainan Pearl River Holdings Co Ltd (000505) | $536.51 Million | 31.33% | 0.36x | $515.34 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $1.02 Billion | 13.97% | 0.40x | $206.92 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $1.81 Billion | 2.87% | 0.29x | $473.73 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $812.31 Million | 2.77% | 0.38x | $400.45 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $2.36 Billion | 15.73% | 0.48x | $11.55 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $28.88 Million | 16.61% | 5.34x | $388.25 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $1.22 Billion | 11.05% | 0.49x | $599.98 Million |
| Qingdao Foods Co Ltd (001219) | $1.03 Billion | 9.49% | 0.12x | $351.80 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $1.06 Billion | 4.32% | 0.50x | $507.38 Million |
About Royal Group Co Ltd
Royal Group Co.,Ltd. engages in the processing, producing, and selling of dairy products in China. The company operates through four segments: Food Manufacturing and Sales; Culture Media; Information Service and Information Engineering; and Photovoltaic Module Sales, EPC Business, and Others. It offers buffalo, fermented, pasteurized fresh, sterilized, formulated, chilled, and room temperature mi… Read more