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¥2.58 Billion CNY (≈ $377.05 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¥6.02 Billion ≈ $880.95 Million USD) and total liabilities (CN¥3.44 Billion ≈ $503.90 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 (002661) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.58 Billion |
| % of Total Assets | 42.8% |
| Annual Growth Rate | 22.45% |
| 5-Year Change | -0.67% |
| 10-Year Change | 22.4% |
| Growth Volatility | 57.62 |
Chen Ke Ming Food Manufacturing Co Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Chen Ke Ming Food Manufacturing Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Chen Ke Ming Food Manufacturing Co Ltd.
Annual Net Assets for Chen Ke Ming Food Manufacturing Co Ltd (2008–2025)
The table below shows the annual net assets of Chen Ke Ming Food Manufacturing Co Ltd from 2008 to 2025. Also explore net asset growth rate of Chen Ke Ming Food Manufacturing Co Ltd to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.57 Billion ≈ $375.94 Million |
-7.86% |
| 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 |
-- |
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 5909.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.08 Billion | 48.08% |
| Other Components | CN¥1.17 Billion | 51.92% |
| Total Equity | CN¥2.25 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 |
|---|---|
|
Beijing Piesat Information Technology Co Ltd
SHG:688066
|
$355.57 Million |
|
Asia Cuanon Tech (Shanghai)
SHG:603378
|
$355.61 Million |
|
SFC Energy AG
XETRA:F3C
|
$355.79 Million |
|
Qingdao Foods Co Ltd
SHE:001219
|
$355.80 Million |
|
Enanta Pharmaceuticals Inc
NASDAQ:ENTA
|
$355.33 Million |
|
Oma Saastopankki Oyj
HE:OMASP
|
$355.08 Million |
|
XiAn Dagang Road Machinery Co
SHE:300103
|
$355.07 Million |
|
Centuria Office REIT
AU:COF
|
$355.03 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 2024 to 2025, total equity changed from 2,436,481,000 to 2,254,462,099, a change of -182,018,901 (-7.5%).
- Net income of 92,278,403 contributed positively to equity growth.
- Dividend payments of 164,890,495 reduced retained earnings.
- Other comprehensive income decreased equity by 159,167,933.
- Other factors increased equity by 49,761,125.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥92.28 Million | +4.09% |
| Dividends Paid | CN¥164.89 Million | -7.31% |
| Other Comprehensive Income | CN¥-159.17 Million | -7.06% |
| Other Changes | CN¥49.76 Million | +2.21% |
| Total Change | CN¥- | -7.47% |
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: 1.11x
- 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 16.49x to 1.11x 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¥7.50 | x |
| 2009-12-31 | CN¥0.64 | CN¥7.50 | x |
| 2010-12-31 | CN¥0.88 | CN¥7.50 | x |
| 2011-12-31 | CN¥1.20 | CN¥7.50 | x |
| 2012-12-31 | CN¥2.85 | CN¥7.50 | x |
| 2013-12-31 | CN¥2.86 | CN¥7.50 | x |
| 2014-12-31 | CN¥2.97 | CN¥7.50 | x |
| 2015-12-31 | CN¥7.81 | CN¥7.50 | x |
| 2016-12-31 | CN¥6.24 | CN¥7.50 | x |
| 2017-12-31 | CN¥6.44 | CN¥7.50 | x |
| 2018-12-31 | CN¥6.79 | CN¥7.50 | x |
| 2019-12-31 | CN¥6.87 | CN¥7.50 | x |
| 2020-12-31 | CN¥7.90 | CN¥7.50 | x |
| 2021-12-31 | CN¥7.82 | CN¥7.50 | x |
| 2022-12-31 | CN¥9.54 | CN¥7.50 | x |
| 2023-12-31 | CN¥7.30 | CN¥7.50 | x |
| 2024-12-31 | CN¥7.51 | CN¥7.50 | x |
| 2025-12-31 | CN¥6.77 | CN¥7.50 | 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): 4.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.13%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 2.60x
- Recent ROE (4.09%) is below the historical average (11.33%), 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% | 2.78% | 0.96x | 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 |
| 2025 | 4.09% | 2.13% | 0.74x | 2.60x | CN¥-133.17 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: $1,405,352,646
- Average return on equity (ROE) among peers: 0.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chen Ke Ming Food Manufacturing Co Ltd (002661) | CN¥2.58 Billion | 19.78% | 1.34x | $355.42 Million |
| Shenzhen Shenbao Industrial Co Ltd (000019) | $993.64 Million | 1.34% | 0.16x | $1.15 Billion |
| Hainan Pearl River Holdings Co Ltd (000505) | $770.02 Million | 0.67% | 0.70x | $649.98 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $4.10 Billion | -18.34% | 0.99x | $255.89 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $2.65 Billion | 1.62% | 0.68x | $558.56 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $811.32 Million | 0.67% | 0.20x | $543.40 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $761.85 Million | 7.40% | 0.52x | $11.81 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $447.94 Million | 1.11% | 0.65x | $440.17 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $274.27 Million | 16.98% | 0.48x | $432.93 Million |
| Qingdao Foods Co Ltd (001219) | $465.66 Million | 16.99% | 0.17x | $355.80 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $2.78 Billion | -28.38% | 0.50x | $576.18 Million |
About Chen Ke Ming Food Manufacturing Co Ltd
Chen Ke Ming Food Manufacturing Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of rice and flour products in China. It operates through Food Processing and Pig Farming segments. The company offers Chinese noodles; convenience food, including non-fried instant noodles, cooked wet noodles, container noodles, and self-heating products; flour and… Read more