Tangrenshen Group Co Ltd (002567) - Net Assets
Based on the latest financial reports, Tangrenshen Group Co Ltd (002567) has net assets worth CN¥5.09 Billion CNY (≈ $745.39 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¥16.78 Billion ≈ $2.46 Billion USD) and total liabilities (CN¥11.69 Billion ≈ $1.71 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 Tangrenshen Group Co Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.09 Billion |
| % of Total Assets | 30.36% |
| Annual Growth Rate | 16.53% |
| 5-Year Change | -9.62% |
| 10-Year Change | 86.8% |
| Growth Volatility | 39.44 |
Tangrenshen Group Co Ltd - Net Assets Trend (2007–2025)
This chart illustrates how Tangrenshen Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Tangrenshen Group Co Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Tangrenshen Group Co Ltd (2007–2025)
The table below shows the annual net assets of Tangrenshen Group Co Ltd from 2007 to 2025. For live valuation and market cap data, see 002567 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥5.54 Billion ≈ $810.25 Million |
-16.00% |
| 2024-12-31 | CN¥6.59 Billion ≈ $964.62 Million |
+10.22% |
| 2023-12-31 | CN¥5.98 Billion ≈ $875.18 Million |
-19.51% |
| 2022-12-31 | CN¥7.43 Billion ≈ $1.09 Billion |
+21.29% |
| 2021-12-31 | CN¥6.13 Billion ≈ $896.51 Million |
+4.54% |
| 2020-12-31 | CN¥5.86 Billion ≈ $857.56 Million |
+54.22% |
| 2019-12-31 | CN¥3.80 Billion ≈ $556.07 Million |
-3.86% |
| 2018-12-31 | CN¥3.95 Billion ≈ $578.39 Million |
+0.83% |
| 2017-12-31 | CN¥3.92 Billion ≈ $573.65 Million |
+32.25% |
| 2016-12-31 | CN¥2.96 Billion ≈ $433.76 Million |
+8.52% |
| 2015-12-31 | CN¥2.73 Billion ≈ $399.69 Million |
+37.47% |
| 2014-12-31 | CN¥1.99 Billion ≈ $290.75 Million |
+12.27% |
| 2013-12-31 | CN¥1.77 Billion ≈ $258.98 Million |
+7.64% |
| 2012-12-31 | CN¥1.64 Billion ≈ $240.59 Million |
+7.19% |
| 2011-12-31 | CN¥1.53 Billion ≈ $224.46 Million |
+165.70% |
| 2010-12-31 | CN¥577.30 Million ≈ $84.48 Million |
+8.75% |
| 2009-12-31 | CN¥530.86 Million ≈ $77.68 Million |
+9.80% |
| 2008-12-31 | CN¥483.47 Million ≈ $70.75 Million |
+37.07% |
| 2007-12-31 | CN¥352.73 Million ≈ $51.62 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 2825.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥6.93 Billion | 146.50% |
| Total Equity | CN¥4.73 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 |
|---|---|
|
SLR Investment Corp
NASDAQ:SLRC
|
$677.57 Million |
|
Zhangjiagang Guangda Special Material Co Ltd
SHG:688186
|
$677.64 Million |
|
Daily Journal Corp
NASDAQ:DJCO
|
$677.70 Million |
|
Shenzhen Aoto Electronics Co Ltd
SHE:002587
|
$677.88 Million |
|
BlackRock Utility & Infrastructure Trust
NYSE:BUI
|
$677.31 Million |
|
AIC Inc
TWO:3693
|
$677.22 Million |
|
G-Tech Optoelectronics Corp
TW:3149
|
$677.12 Million |
|
Guangdong Fangyuan Environment Co. Ltd. A
SHG:688148
|
$677.12 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 2024 to 2025, total equity changed from 5,887,469,312 to 4,733,130,326, a change of -1,154,338,986 (-19.6%).
- Net loss of 1,187,037,659 reduced equity.
- Dividend payments of 235,268,490 reduced retained earnings.
- Other comprehensive income decreased equity by 21,527,007.
- Other factors increased equity by 289,494,171.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-1.19 Billion | -25.08% |
| Dividends Paid | CN¥235.27 Million | -4.97% |
| Other Comprehensive Income | CN¥-21.53 Million | -0.45% |
| Other Changes | CN¥289.49 Million | +6.12% |
| Total Change | CN¥- | -19.61% |
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: 0.98x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.96x to 0.98x 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¥3.23 | x |
| 2008-12-31 | CN¥1.46 | CN¥3.23 | x |
| 2009-12-31 | CN¥1.54 | CN¥3.23 | x |
| 2010-12-31 | CN¥1.69 | CN¥3.23 | x |
| 2011-12-31 | CN¥3.63 | CN¥3.23 | x |
| 2012-12-31 | CN¥2.58 | CN¥3.23 | x |
| 2013-12-31 | CN¥2.84 | CN¥3.23 | x |
| 2014-12-31 | CN¥2.82 | CN¥3.23 | x |
| 2015-12-31 | CN¥3.68 | CN¥3.23 | x |
| 2016-12-31 | CN¥3.40 | CN¥3.23 | x |
| 2017-12-31 | CN¥4.32 | CN¥3.23 | x |
| 2018-12-31 | CN¥4.08 | CN¥3.23 | x |
| 2019-12-31 | CN¥3.94 | CN¥3.23 | x |
| 2020-12-31 | CN¥6.03 | CN¥3.23 | x |
| 2021-12-31 | CN¥4.81 | CN¥3.23 | x |
| 2022-12-31 | CN¥5.70 | CN¥3.23 | x |
| 2023-12-31 | CN¥3.93 | CN¥3.23 | x |
| 2024-12-31 | CN¥4.11 | CN¥3.23 | x |
| 2025-12-31 | CN¥3.30 | CN¥3.23 | 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): -25.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.90%
- • Asset Turnover: 1.47x
- • Equity Multiplier: 3.48x
- Recent ROE (-25.08%) is below the historical average (3.56%), suggesting potential challenges in 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 | 6.08% | 1.32% | 2.11x | 2.19x | CN¥-130.21 Million |
| 2020 | 17.81% | 5.13% | 1.80x | 1.93x | CN¥416.64 Million |
| 2021 | -20.82% | -5.28% | 1.49x | 2.64x | CN¥-1.70 Billion |
| 2022 | 1.99% | 0.51% | 1.44x | 2.71x | CN¥-544.61 Million |
| 2023 | -27.77% | -5.66% | 1.58x | 3.10x | CN¥-2.08 Billion |
| 2024 | 6.04% | 1.46% | 1.35x | 3.06x | CN¥-233.33 Million |
| 2025 | -25.08% | -4.90% | 1.47x | 3.48x | CN¥-1.66 Billion |
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: $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 |
|---|---|---|---|---|
| Tangrenshen Group Co Ltd (002567) | CN¥5.09 Billion | 12.20% | 2.29x | $677.33 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 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.