Royal Group Co Ltd (002329) - Net Assets

Latest as of September 2025: CN¥999.76 Million CNY ≈ $146.30 Million USD

Based on the latest financial reports, Royal Group Co Ltd (002329) has net assets worth CN¥999.76 Million CNY (≈ $146.30 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¥4.64 Billion ≈ $678.49 Million USD) and total liabilities (CN¥3.64 Billion ≈ $532.19 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 002329 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥999.76 Million
% of Total Assets	21.56%
Annual Growth Rate	13.69%
5-Year Change	-54.8%
10-Year Change	-62.24%
Growth Volatility	81.7

Royal Group Co Ltd - Net Assets Trend (2006–2024)

This chart illustrates how Royal Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Royal Group Co Ltd for the complete picture of this company's asset base.

Annual Net Assets for Royal Group Co Ltd (2006–2024)

The table below shows the annual net assets of Royal Group Co Ltd from 2006 to 2024. For live valuation and market cap data, see Royal Group Co Ltd (002329) total market value.

Year	Net Assets	Change
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	--

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 7237.2% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	CN¥869.05 Million	92.99%
Other Comprehensive Income	CN¥-53.17 Million	-5.69%
Other Components	CN¥1.17 Billion	125.20%
Total Equity	CN¥934.52 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
Impact Growth REIT BK:IMPACT	$536.02 Million
Vulcan Steel Ltd AU:VSL	$536.02 Million
Healthcare Co Ltd SHG:603313	$536.04 Million
EXPLOS. PROD. CHIM.EO 31 F:9Z50	$536.15 Million
Stadio Holdings Ltd JSE:SDO	$535.85 Million
Jiangsu Skyray Instrument Co SHE:300165	$535.84 Million
Bosun Tools Co Ltd SHE:002282	$535.80 Million
Esso S.A.F. PA:ES	$535.78 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 2023 to 2024, total equity changed from 1,642,371,888 to 934,520,860, a change of -707,851,028 (-43.1%).
Net loss of 680,674,972 reduced equity.
Dividend payments of 116,011,746 reduced retained earnings.
Share repurchases of 62,106,785 reduced equity.
Other comprehensive income decreased equity by 27,176,055.
Other factors increased equity by 178,118,530.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥-680.67 Million	-72.84%
Dividends Paid	CN¥116.01 Million	-12.41%
Share Repurchases	CN¥62.11 Million	-6.65%
Other Comprehensive Income	CN¥-27.18 Million	-2.91%
Other Changes	CN¥178.12 Million	+19.06%
Total Change	CN¥-	-43.10%

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: 3.94x
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 20.50x to 3.94x 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¥4.40	x
2007-12-31	CN¥0.29	CN¥4.40	x
2008-12-31	CN¥0.37	CN¥4.40	x
2009-12-31	CN¥1.60	CN¥4.40	x
2010-12-31	CN¥1.25	CN¥4.40	x
2011-12-31	CN¥1.32	CN¥4.40	x
2012-12-31	CN¥1.34	CN¥4.40	x
2013-12-31	CN¥1.33	CN¥4.40	x
2014-12-31	CN¥2.54	CN¥4.40	x
2015-12-31	CN¥3.22	CN¥4.40	x
2016-12-31	CN¥3.27	CN¥4.40	x
2017-12-31	CN¥3.39	CN¥4.40	x
2018-12-31	CN¥2.56	CN¥4.40	x
2019-12-31	CN¥2.60	CN¥4.40	x
2020-12-31	CN¥2.43	CN¥4.40	x
2021-12-31	CN¥1.86	CN¥4.40	x
2022-12-31	CN¥1.85	CN¥4.40	x
2023-12-31	CN¥1.90	CN¥4.40	x
2024-12-31	CN¥1.12	CN¥4.40	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): -72.84%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -33.27%
• Asset Turnover: 0.45x
• Equity Multiplier: 4.91x
Recent ROE (-72.84%) is below the historical average (0.06%), 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%	-26.38%	0.49x	2.25x	CN¥-829.07 Million
2019	3.92%	3.79%	0.46x	2.27x	CN¥-132.63 Million
2020	-5.61%	-4.59%	0.41x	2.98x	CN¥-317.65 Million
2021	-28.75%	-17.46%	0.47x	3.48x	CN¥-604.37 Million
2022	0.08%	0.04%	0.49x	3.81x	CN¥-153.27 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

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: $845,529,743
Average return on equity (ROE) among peers: 0.81%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Royal Group Co Ltd (002329)	CN¥999.76 Million	28.29%	3.64x	$535.95 Million
Shenzhen Shenbao Industrial Co Ltd (000019)	$957.14 Million	-3.68%	0.11x	$1.24 Billion
Hainan Pearl River Holdings Co Ltd (000505)	$254.16 Million	-54.32%	1.61x	$640.30 Million
Xiwang Foodstuffs Co Ltd (000639)	$92.89 Million	11.89%	1.23x	$320.65 Million
Nanfang Black Sesame Group Co Ltd (000716)	$2.53 Billion	-5.73%	0.85x	$566.73 Million
CNFC Overseas Fishery Co Ltd (000798)	$838.81 Million	6.47%	0.11x	$498.43 Million
Henan Shuanghui Investment & Development Co Ltd (000895)	$290.51 Million	13.20%	1.80x	$14.06 Billion
Xinjiang Chalkis Co Ltd (000972)	$180.97 Million	14.05%	2.24x	$435.65 Million
Zhengzhou Qianweiyangchu Food Co Ltd (001215)	$953.19 Million	9.28%	0.41x	$666.24 Million
Qingdao Foods Co Ltd (001219)	$1.03 Billion	9.49%	0.12x	$450.52 Million
Shandong Oriental Ocean Sci-Tech Co Ltd (002086)	$1.33 Billion	7.43%	0.75x	$587.64 Million

About Royal Group Co Ltd

SHE:002329 China Packaged Foods

Market Cap

$535.95 Million

CN¥3.66 Billion CNY

Market Cap Rank

#12180 Global

#3754 in China

Share Price

CN¥4.40

Change (1 day)

+6.80%

52-Week Range

CN¥3.20 - CN¥4.58

All Time High

CN¥28.84