Tangrenshen Group Co Ltd
Tangrenshen Group Co., Ltd engages in the research and development, production and sales of feed, live pigs, meat, and animal health products in China. The company sells its products under the Tangrenshen, Meishen, and Camel brand names. Tangrenshen Group Co., Ltd was founded in 1985 and is headquartered in Zhuzhou, China.
Tangrenshen Group Co Ltd (002567) - Net Assets
Latest net assets as of September 2025: CN¥6.17 Billion CNY
Based on the latest financial reports, Tangrenshen Group Co Ltd (002567) has net assets worth CN¥6.17 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¥17.90 Billion) and total liabilities (CN¥11.73 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¥6.17 Billion |
| % of Total Assets | 34.49% |
| Annual Growth Rate | 18.79% |
| 5-Year Change | 12.48% |
| 10-Year Change | 141.34% |
| Growth Volatility | 39.52 |
Tangrenshen Group Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Tangrenshen Group 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 Tangrenshen Group Co Ltd (2007–2024)
The table below shows the annual net assets of Tangrenshen Group Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.59 Billion | +10.22% |
| 2023-12-31 | CN¥5.98 Billion | -19.51% |
| 2022-12-31 | CN¥7.43 Billion | +21.29% |
| 2021-12-31 | CN¥6.13 Billion | +4.54% |
| 2020-12-31 | CN¥5.86 Billion | +54.22% |
| 2019-12-31 | CN¥3.80 Billion | -3.86% |
| 2018-12-31 | CN¥3.95 Billion | +0.83% |
| 2017-12-31 | CN¥3.92 Billion | +32.25% |
| 2016-12-31 | CN¥2.96 Billion | +8.52% |
| 2015-12-31 | CN¥2.73 Billion | +37.47% |
| 2014-12-31 | CN¥1.99 Billion | +12.27% |
| 2013-12-31 | CN¥1.77 Billion | +7.64% |
| 2012-12-31 | CN¥1.64 Billion | +7.19% |
| 2011-12-31 | CN¥1.53 Billion | +165.70% |
| 2010-12-31 | CN¥577.30 Million | +8.75% |
| 2009-12-31 | CN¥530.86 Million | +9.80% |
| 2008-12-31 | CN¥483.47 Million | +37.07% |
| 2007-12-31 | CN¥352.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tangrenshen 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 1330.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.43 Billion | 24.34% |
| Other Comprehensive Income | CN¥21.53 Million | 0.37% |
| Other Components | CN¥5.43 Billion | 92.17% |
| Total Equity | CN¥5.89 Billion | 100.00% |
Tangrenshen Group Co Ltd Competitors by Market Cap
The table below lists competitors of Tangrenshen Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Luxin Venture Capital Group Co Ltd
SHG:600783
|
$709.65 Million |
|
ZINKA LOGISTICS SOL LTD
NSE:BLACKBUCK
|
$709.70 Million |
|
Lotte Tour Dev
KO:032350
|
$709.98 Million |
|
Shandong Shanda Wit Science and Technology Co Ltd
SHE:000915
|
$710.28 Million |
|
Guizhou Redstar Developing Co Ltd
SHG:600367
|
$709.52 Million |
|
Cal-Comp Electronics (Thailand) Public Company Limited
BK:CCET
|
$709.32 Million |
|
Biotage AB (publ)
OTCGREY:BITGF
|
$709.17 Million |
|
Lsb Industries Inc
NYSE:LXU
|
$708.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tangrenshen Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,495,172,734 to 5,887,469,312, a change of 392,296,578 (7.1%).
- Net income of 355,415,994 contributed positively to equity growth.
- Dividend payments of 313,085,061 reduced retained earnings.
- Other comprehensive income increased equity by 5,922,721.
- Other factors increased equity by 344,042,924.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥355.42 Million | +6.04% |
| Dividends Paid | CN¥313.09 Million | -5.32% |
| Other Comprehensive Income | CN¥5.92 Million | +0.1% |
| Other Changes | CN¥344.04 Million | +5.84% |
| Total Change | CN¥- | 7.14% |
Book Value vs Market Value Analysis
This analysis compares Tangrenshen 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: 1.07x
- 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 4.04x to 1.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥1.09 | CN¥4.41 | x |
| 2008-12-31 | CN¥1.46 | CN¥4.41 | x |
| 2009-12-31 | CN¥1.54 | CN¥4.41 | x |
| 2010-12-31 | CN¥1.69 | CN¥4.41 | x |
| 2011-12-31 | CN¥3.63 | CN¥4.41 | x |
| 2012-12-31 | CN¥3.86 | CN¥4.41 | x |
| 2013-12-31 | CN¥4.26 | CN¥4.41 | x |
| 2014-12-31 | CN¥4.23 | CN¥4.41 | x |
| 2015-12-31 | CN¥5.52 | CN¥4.41 | x |
| 2016-12-31 | CN¥5.05 | CN¥4.41 | x |
| 2017-12-31 | CN¥4.32 | CN¥4.41 | x |
| 2018-12-31 | CN¥4.08 | CN¥4.41 | x |
| 2019-12-31 | CN¥4.01 | CN¥4.41 | x |
| 2020-12-31 | CN¥6.03 | CN¥4.41 | x |
| 2021-12-31 | CN¥4.81 | CN¥4.41 | x |
| 2022-12-31 | CN¥5.70 | CN¥4.41 | x |
| 2023-12-31 | CN¥3.93 | CN¥4.41 | x |
| 2024-12-31 | CN¥4.11 | CN¥4.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tangrenshen 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): 6.04%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.46%
- • Asset Turnover: 1.35x
- • Equity Multiplier: 3.06x
- Recent ROE (6.04%) is above the historical average (5.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 12.20% | 1.50% | 2.33x | 3.49x | CN¥6.70 Million |
| 2008 | 12.10% | 1.61% | 2.77x | 2.71x | CN¥9.10 Million |
| 2009 | 13.89% | 1.77% | 2.99x | 2.63x | CN¥18.55 Million |
| 2010 | 15.97% | 1.90% | 3.02x | 2.79x | CN¥31.08 Million |
| 2011 | 8.09% | 2.11% | 2.76x | 1.39x | CN¥-28.42 Million |
| 2012 | 10.89% | 2.63% | 2.82x | 1.47x | CN¥14.37 Million |
| 2013 | 7.28% | 1.79% | 2.66x | 1.53x | CN¥-47.54 Million |
| 2014 | 4.54% | 0.81% | 2.75x | 2.04x | CN¥-97.78 Million |
| 2015 | 3.42% | 0.87% | 2.35x | 1.68x | CN¥-157.16 Million |
| 2016 | 7.96% | 1.85% | 2.31x | 1.86x | CN¥-51.66 Million |
| 2017 | 9.04% | 2.26% | 2.28x | 1.76x | CN¥-33.13 Million |
| 2018 | 4.02% | 0.89% | 2.36x | 1.92x | CN¥-203.80 Million |
| 2019 | 8.67% | 1.88% | 2.11x | 2.19x | CN¥-44.38 Million |
| 2020 | 17.81% | 5.13% | 1.80x | 1.93x | CN¥416.64 Million |
| 2021 | -21.27% | -5.39% | 1.49x | 2.64x | CN¥-1.72 Billion |
| 2022 | 1.99% | 0.51% | 1.44x | 2.71x | CN¥-544.61 Million |
| 2023 | -27.77% | -5.67% | 1.58x | 3.10x | CN¥-2.08 Billion |
| 2024 | 6.04% | 1.46% | 1.35x | 3.06x | CN¥-233.33 Million |
Industry Comparison
This section compares Tangrenshen 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: $2,496,572,190
- Average return on equity (ROE) among peers: -3.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tangrenshen Group Co Ltd (002567) | CN¥6.17 Billion | 12.20% | 1.90x | $709.59 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $65.61 Million | -62.17% | 1.91x | $345.26 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $199.49 Million | -32.62% | 2.81x | $346.21 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $727.64 Million | 8.49% | 0.27x | $430.25 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $16.36 Billion | 24.69% | 0.34x | $3.98 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $760.28 Million | -33.42% | 2.17x | $202.97 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $332.95 Million | 17.62% | 0.88x | $266.09 Million |
| Wenzhou Yuanfei Pet Toy Products Co. Ltd. A (001222) | $1.35 Billion | 9.31% | 0.15x | $160.97 Million |
| Guangdong Yuehai Feeds Group Co.Ltd. (001313) | $2.07 Billion | 7.87% | 0.47x | $169.20 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $393.72 Million | 8.08% | 0.70x | $460.31 Million |
| Xinjiang Tecon Animal Husbandry Bio-Technology Co Ltd (002100) | $2.70 Billion | 14.52% | 0.66x | $903.18 Million |