HaiXin Foods Co Ltd
HaiXin Foods Co.,Ltd, together with its subsidiaries, produces and sells quick-frozen surimi products in China and internationally. The company offers quick-frozen fish and meat products comprising hot pot meatballs, fish balls, meatballs, lucky bags, and fish tofu; quick-frozen rice and noodle products consisting of egg yolk steamed buns and lava buns; quick-frozen dishes, including abalone, hai… Read more
HaiXin Foods Co Ltd (002702) - Net Assets
Latest net assets as of September 2025: CN¥1.08 Billion CNY
Based on the latest financial reports, HaiXin Foods Co Ltd (002702) has net assets worth CN¥1.08 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¥1.97 Billion) and total liabilities (CN¥893.49 Million). 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¥1.08 Billion |
| % of Total Assets | 54.65% |
| Annual Growth Rate | 19.64% |
| 5-Year Change | 31.54% |
| 10-Year Change | 47.94% |
| Growth Volatility | 55.3 |
HaiXin Foods Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how HaiXin Foods 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 HaiXin Foods Co Ltd (2007–2024)
The table below shows the annual net assets of HaiXin Foods Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.11 Billion | -7.13% |
| 2023-12-31 | CN¥1.19 Billion | +38.66% |
| 2022-12-31 | CN¥859.18 Million | +7.62% |
| 2021-12-31 | CN¥798.38 Million | -5.08% |
| 2020-12-31 | CN¥841.14 Million | +6.68% |
| 2019-12-31 | CN¥788.47 Million | -1.97% |
| 2018-12-31 | CN¥804.30 Million | +4.43% |
| 2017-12-31 | CN¥770.19 Million | -1.60% |
| 2016-12-31 | CN¥782.72 Million | +4.66% |
| 2015-12-31 | CN¥747.87 Million | -6.69% |
| 2014-12-31 | CN¥801.53 Million | +0.53% |
| 2013-12-31 | CN¥797.27 Million | +1.78% |
| 2012-12-31 | CN¥783.32 Million | +212.09% |
| 2011-12-31 | CN¥250.99 Million | +23.57% |
| 2010-12-31 | CN¥203.11 Million | +28.47% |
| 2009-12-31 | CN¥158.10 Million | +34.61% |
| 2008-12-31 | CN¥117.45 Million | +123.99% |
| 2007-12-31 | CN¥52.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to HaiXin Foods 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 919.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥114.11 Million | 10.62% |
| Common Stock | CN¥555.76 Million | 51.74% |
| Other Components | CN¥404.34 Million | 37.64% |
| Total Equity | CN¥1.07 Billion | 100.00% |
HaiXin Foods Co Ltd Competitors by Market Cap
The table below lists competitors of HaiXin Foods Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Multiconsult AS
OL:MULTI
|
$266.28 Million |
|
Shanghai Prisemi Electronics Co Ltd
SHG:688230
|
$266.29 Million |
|
Wuxi Commercial Mansion Grand Orient Co Ltd
SHG:600327
|
$266.38 Million |
|
Altus Power Inc
NYSE:AMPS
|
$266.49 Million |
|
TATTON ASSET MANAG.LS-20
F:2T7
|
$266.24 Million |
|
MBIA Inc
NYSE:MBI
|
$266.23 Million |
|
CHECKPOINT THER. DL-0001
F:CZTA
|
$266.10 Million |
|
Zhengzhou Qianweiyangchu Food Co Ltd
SHE:001215
|
$266.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HaiXin Foods Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,158,733,274 to 1,074,208,714, a change of -84,524,560 (-7.3%).
- Net loss of 36,943,292 reduced equity.
- Dividend payments of 36,890,603 reduced retained earnings.
- Share repurchases of 24,859,446 reduced equity.
- Other factors increased equity by 14,168,781.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-36.94 Million | -3.44% |
| Dividends Paid | CN¥36.89 Million | -3.43% |
| Share Repurchases | CN¥24.86 Million | -2.31% |
| Other Changes | CN¥14.17 Million | +1.32% |
| Total Change | CN¥- | -7.29% |
Book Value vs Market Value Analysis
This analysis compares HaiXin Foods 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: 3.00x
- 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 17.57x to 3.00x 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¥0.33 | CN¥5.83 | x |
| 2008-12-31 | CN¥0.39 | CN¥5.83 | x |
| 2009-12-31 | CN¥0.44 | CN¥5.83 | x |
| 2010-12-31 | CN¥0.56 | CN¥5.83 | x |
| 2011-12-31 | CN¥0.70 | CN¥5.83 | x |
| 2012-12-31 | CN¥2.01 | CN¥5.83 | x |
| 2013-12-31 | CN¥1.66 | CN¥5.83 | x |
| 2014-12-31 | CN¥1.67 | CN¥5.83 | x |
| 2015-12-31 | CN¥1.56 | CN¥5.83 | x |
| 2016-12-31 | CN¥1.62 | CN¥5.83 | x |
| 2017-12-31 | CN¥1.60 | CN¥5.83 | x |
| 2018-12-31 | CN¥1.67 | CN¥5.83 | x |
| 2019-12-31 | CN¥1.64 | CN¥5.83 | x |
| 2020-12-31 | CN¥1.74 | CN¥5.83 | x |
| 2021-12-31 | CN¥1.62 | CN¥5.83 | x |
| 2022-12-31 | CN¥1.75 | CN¥5.83 | x |
| 2023-12-31 | CN¥2.30 | CN¥5.83 | x |
| 2024-12-31 | CN¥1.94 | CN¥5.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HaiXin Foods 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): -3.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.16%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 1.96x
- Recent ROE (-3.44%) is below the historical average (7.56%), 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 | 18.17% | 5.53% | 1.14x | 2.88x | CN¥4.29 Million |
| 2008 | 24.03% | 9.28% | 1.28x | 2.02x | CN¥16.48 Million |
| 2009 | 27.39% | 9.97% | 1.51x | 1.81x | CN¥27.49 Million |
| 2010 | 24.25% | 9.59% | 1.49x | 1.70x | CN¥28.93 Million |
| 2011 | 21.19% | 8.08% | 1.59x | 1.65x | CN¥28.08 Million |
| 2012 | 8.40% | 8.92% | 0.77x | 1.23x | CN¥-12.51 Million |
| 2013 | 4.23% | 4.47% | 0.77x | 1.24x | CN¥-45.97 Million |
| 2014 | 2.29% | 2.15% | 0.81x | 1.32x | CN¥-61.76 Million |
| 2015 | -5.28% | -4.85% | 0.85x | 1.29x | CN¥-114.30 Million |
| 2016 | 1.67% | 1.41% | 0.75x | 1.58x | CN¥-65.20 Million |
| 2017 | -3.54% | -2.82% | 0.90x | 1.39x | CN¥-104.30 Million |
| 2018 | 4.34% | 3.05% | 0.99x | 1.43x | CN¥-45.54 Million |
| 2019 | 0.87% | 0.49% | 1.16x | 1.52x | CN¥-72.01 Million |
| 2020 | 8.50% | 4.42% | 1.19x | 1.62x | CN¥-12.52 Million |
| 2021 | -4.70% | -2.36% | 1.04x | 1.91x | CN¥-114.60 Million |
| 2022 | 7.53% | 3.90% | 0.92x | 2.10x | CN¥-20.73 Million |
| 2023 | 0.20% | 0.13% | 0.79x | 1.87x | CN¥-113.60 Million |
| 2024 | -3.44% | -2.16% | 0.81x | 1.96x | CN¥-144.36 Million |
Industry Comparison
This section compares HaiXin Foods 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 |
|---|---|---|---|---|
| HaiXin Foods Co Ltd (002702) | CN¥1.08 Billion | 18.17% | 0.83x | $266.25 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 |