Chen Ke Ming Food Manufacturing Co Ltd (002661) - Net Assets
Based on the latest financial reports, Chen Ke Ming Food Manufacturing Co Ltd (002661) has net assets worth CN¥2.68 Billion CNY (≈ $391.88 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¥6.14 Billion ≈ $897.95 Million USD) and total liabilities (CN¥3.46 Billion ≈ $506.07 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 Chen Ke Ming Food Manufacturing Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.68 Billion |
| % of Total Assets | 43.64% |
| Annual Growth Rate | 24.65% |
| 5-Year Change | 8.65% |
| 10-Year Change | 39.45% |
| Growth Volatility | 58.53 |
Chen Ke Ming Food Manufacturing Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Chen Ke Ming Food Manufacturing Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Chen Ke Ming Food Manufacturing Co Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Chen Ke Ming Food Manufacturing Co Ltd (2008–2024)
The table below shows the annual net assets of Chen Ke Ming Food Manufacturing Co Ltd from 2008 to 2024. For live valuation and market cap data, see Chen Ke Ming Food Manufacturing Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.79 Billion ≈ $408.00 Million |
0.00% |
| 2023-12-31 | CN¥2.79 Billion ≈ $408.00 Million |
-25.78% |
| 2022-12-31 | CN¥3.76 Billion ≈ $549.75 Million |
+45.26% |
| 2021-12-31 | CN¥2.59 Billion ≈ $378.47 Million |
+0.79% |
| 2020-12-31 | CN¥2.57 Billion ≈ $375.52 Million |
+14.17% |
| 2019-12-31 | CN¥2.25 Billion ≈ $328.90 Million |
+0.29% |
| 2018-12-31 | CN¥2.24 Billion ≈ $327.94 Million |
+3.90% |
| 2017-12-31 | CN¥2.16 Billion ≈ $315.63 Million |
+2.76% |
| 2016-12-31 | CN¥2.10 Billion ≈ $307.14 Million |
+4.98% |
| 2015-12-31 | CN¥2.00 Billion ≈ $292.58 Million |
+164.31% |
| 2014-12-31 | CN¥756.45 Million ≈ $110.69 Million |
+5.56% |
| 2013-12-31 | CN¥716.58 Million ≈ $104.86 Million |
+7.42% |
| 2012-12-31 | CN¥667.06 Million ≈ $97.61 Million |
+195.20% |
| 2011-12-31 | CN¥225.97 Million ≈ $33.07 Million |
+41.01% |
| 2010-12-31 | CN¥160.25 Million ≈ $23.45 Million |
+39.22% |
| 2009-12-31 | CN¥115.10 Million ≈ $16.84 Million |
+40.18% |
| 2008-12-31 | CN¥82.11 Million ≈ $12.01 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Chen Ke Ming Food Manufacturing 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 6155.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.13 Billion | 46.31% |
| Common Stock | CN¥343.83 Million | 14.11% |
| Other Comprehensive Income | CN¥159.17 Million | 6.53% |
| Other Components | CN¥805.05 Million | 33.04% |
| Total Equity | CN¥2.44 Billion | 100.00% |
Chen Ke Ming Food Manufacturing Co Ltd Competitors by Market Cap
The table below lists competitors of Chen Ke Ming Food Manufacturing Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Orion Group Holdings Inc
NYSE:ORN
|
$434.90 Million |
|
Duni AB
ST:DUNI
|
$434.97 Million |
|
Shenzhen Tongyi Industry Co Ltd
SHE:300538
|
$434.98 Million |
|
Zhongyan Technology Co Ltd
SHE:003001
|
$434.99 Million |
|
Hangzhou Todaytec Digital Co Ltd Class A
SHE:300743
|
$434.80 Million |
|
Concord Securities Co Ltd
TWO:6016
|
$434.79 Million |
|
Trade-Van Information Services Co
TW:6183
|
$434.78 Million |
|
ROPEOK Technology Group Co Ltd
SHG:688619
|
$434.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chen Ke Ming Food Manufacturing Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,395,042,000 to 2,436,481,000, a change of 41,439,000 (1.7%).
- Net income of 145,949,000 contributed positively to equity growth.
- Dividend payments of 147,590,000 reduced retained earnings.
- Share repurchases of 135,806,680 reduced equity.
- Other comprehensive income decreased equity by 56,012,067.
- Other factors increased equity by 234,898,747.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥145.95 Million | +5.99% |
| Dividends Paid | CN¥147.59 Million | -6.06% |
| Share Repurchases | CN¥135.81 Million | -5.57% |
| Other Comprehensive Income | CN¥-56.01 Million | -2.3% |
| Other Changes | CN¥234.90 Million | +9.64% |
| Total Change | CN¥- | 1.73% |
Book Value vs Market Value Analysis
This analysis compares Chen Ke Ming Food Manufacturing 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: 1.19x
- 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 19.61x to 1.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.45 | CN¥8.92 | x |
| 2009-12-31 | CN¥0.64 | CN¥8.92 | x |
| 2010-12-31 | CN¥0.88 | CN¥8.92 | x |
| 2011-12-31 | CN¥1.20 | CN¥8.92 | x |
| 2012-12-31 | CN¥2.85 | CN¥8.92 | x |
| 2013-12-31 | CN¥2.86 | CN¥8.92 | x |
| 2014-12-31 | CN¥2.97 | CN¥8.92 | x |
| 2015-12-31 | CN¥7.81 | CN¥8.92 | x |
| 2016-12-31 | CN¥6.24 | CN¥8.92 | x |
| 2017-12-31 | CN¥6.44 | CN¥8.92 | x |
| 2018-12-31 | CN¥6.79 | CN¥8.92 | x |
| 2019-12-31 | CN¥6.87 | CN¥8.92 | x |
| 2020-12-31 | CN¥7.90 | CN¥8.92 | x |
| 2021-12-31 | CN¥7.82 | CN¥8.92 | x |
| 2022-12-31 | CN¥9.77 | CN¥8.92 | x |
| 2023-12-31 | CN¥7.30 | CN¥8.92 | x |
| 2024-12-31 | CN¥7.51 | CN¥8.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chen Ke Ming Food Manufacturing 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): 5.99%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.20%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 2.52x
- Recent ROE (5.99%) is below the historical average (11.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 19.78% | 5.41% | 1.05x | 3.48x | CN¥7.99 Million |
| 2009 | 28.65% | 7.07% | 1.36x | 2.98x | CN¥21.46 Million |
| 2010 | 31.92% | 7.93% | 1.79x | 2.25x | CN¥35.12 Million |
| 2011 | 29.08% | 7.80% | 1.90x | 1.96x | CN¥43.12 Million |
| 2012 | 12.07% | 8.02% | 1.18x | 1.28x | CN¥13.77 Million |
| 2013 | 12.24% | 7.11% | 1.24x | 1.39x | CN¥15.93 Million |
| 2014 | 8.86% | 4.31% | 1.45x | 1.42x | CN¥-8.46 Million |
| 2015 | 5.30% | 5.81% | 0.74x | 1.23x | CN¥-93.92 Million |
| 2016 | 6.54% | 6.34% | 0.87x | 1.18x | CN¥-72.44 Million |
| 2017 | 5.24% | 4.97% | 0.76x | 1.39x | CN¥-102.16 Million |
| 2018 | 8.30% | 6.51% | 0.72x | 1.77x | CN¥-38.20 Million |
| 2019 | 9.19% | 6.81% | 0.74x | 1.83x | CN¥-18.10 Million |
| 2020 | 11.41% | 7.40% | 1.03x | 1.50x | CN¥36.14 Million |
| 2021 | 2.61% | 1.56% | 1.12x | 1.50x | CN¥-191.14 Million |
| 2022 | 5.35% | 3.35% | 0.79x | 2.01x | CN¥-146.59 Million |
| 2023 | -2.74% | -1.27% | 0.89x | 2.43x | CN¥-305.16 Million |
| 2024 | 5.99% | 3.20% | 0.74x | 2.52x | CN¥-97.70 Million |
Industry Comparison
This section compares Chen Ke Ming Food Manufacturing Co Ltd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $1,539,336,800
- Average return on equity (ROE) among peers: 7.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chen Ke Ming Food Manufacturing Co Ltd (002661) | CN¥2.68 Billion | 19.78% | 1.29x | $434.84 Million |
| Shenzhen Shenbao Industrial Co Ltd (000019) | $372.94 Million | 1.53% | 0.77x | $1.24 Billion |
| Hainan Pearl River Holdings Co Ltd (000505) | $3.58 Billion | 2.86% | 0.82x | $640.30 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $3.35 Billion | -13.25% | 0.84x | $320.65 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $369.39 Million | 4.26% | 1.10x | $566.73 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $727.64 Million | 8.49% | 0.27x | $498.43 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $3.72 Billion | 24.50% | 0.55x | $14.06 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $1.33 Billion | 4.22% | 2.64x | $435.65 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $332.95 Million | 17.62% | 0.88x | $666.24 Million |
| Qingdao Foods Co Ltd (001219) | $337.03 Million | 14.16% | 0.18x | $450.52 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $1.28 Billion | 7.44% | 0.66x | $587.64 Million |
About Chen Ke Ming Food Manufacturing Co Ltd
Chen Ke Ming Food Manufacturing Co., Ltd. engages in the production and sale of rice and flour products in China. It offers noodles; non-fried instant noodles, fresh mixed noodles, cooked wet noodles, semi-dry noodles, self-heating rice, and dish packs; and kitchen noodles, hand plate, mustard, fan, flour, knife cut surface noodle series. The company is also involved in breeding, slaughtering, an… Read more