HaiXin Foods Co Ltd (002702) - Net Assets
Based on the latest financial reports, HaiXin Foods Co Ltd (002702) has net assets worth CN¥1.08 Billion CNY (≈ $157.56 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¥1.97 Billion ≈ $288.30 Million USD) and total liabilities (CN¥893.49 Million ≈ $130.75 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 financial resilience of HaiXin Foods Co Ltd to evaluate the company's liquid asset resilience ratio.
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. Also explore HaiXin Foods Co Ltd assets under control for the complete picture of this company's asset base.
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. For live valuation and market cap data, see HaiXin Foods Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.11 Billion ≈ $161.90 Million |
-7.13% |
| 2023-12-31 | CN¥1.19 Billion ≈ $174.33 Million |
+38.66% |
| 2022-12-31 | CN¥859.18 Million ≈ $125.72 Million |
+7.62% |
| 2021-12-31 | CN¥798.38 Million ≈ $116.83 Million |
-5.08% |
| 2020-12-31 | CN¥841.14 Million ≈ $123.09 Million |
+6.68% |
| 2019-12-31 | CN¥788.47 Million ≈ $115.38 Million |
-1.97% |
| 2018-12-31 | CN¥804.30 Million ≈ $117.69 Million |
+4.43% |
| 2017-12-31 | CN¥770.19 Million ≈ $112.70 Million |
-1.60% |
| 2016-12-31 | CN¥782.72 Million ≈ $114.54 Million |
+4.66% |
| 2015-12-31 | CN¥747.87 Million ≈ $109.44 Million |
-6.69% |
| 2014-12-31 | CN¥801.53 Million ≈ $117.29 Million |
+0.53% |
| 2013-12-31 | CN¥797.27 Million ≈ $116.67 Million |
+1.78% |
| 2012-12-31 | CN¥783.32 Million ≈ $114.62 Million |
+212.09% |
| 2011-12-31 | CN¥250.99 Million ≈ $36.73 Million |
+23.57% |
| 2010-12-31 | CN¥203.11 Million ≈ $29.72 Million |
+28.47% |
| 2009-12-31 | CN¥158.10 Million ≈ $23.14 Million |
+34.61% |
| 2008-12-31 | CN¥117.45 Million ≈ $17.19 Million |
+123.99% |
| 2007-12-31 | CN¥52.44 Million ≈ $7.67 Million |
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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 |
|---|---|
|
Vastned Retail Belgium
BR:VASTB
|
$489.14 Million |
|
First Foundation Inc.
NYSE:FFWM
|
$489.27 Million |
|
Irish Residential Properties
IR:IRES
|
$489.30 Million |
|
Korla Pear
SHG:600506
|
$489.35 Million |
|
Nanjing Aolian Ae&Ea Co Ltd
SHE:300585
|
$488.51 Million |
|
Euroseas Ltd
NASDAQ:ESEA
|
$488.48 Million |
|
Synmosa Biopharma
TWO:4114
|
$488.27 Million |
|
Juniper Hotels Ltd
NSE:JUNIPER
|
$488.19 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: 3.09x
- 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 18.12x to 3.09x 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¥6.01 | x |
| 2008-12-31 | CN¥0.39 | CN¥6.01 | x |
| 2009-12-31 | CN¥0.44 | CN¥6.01 | x |
| 2010-12-31 | CN¥0.56 | CN¥6.01 | x |
| 2011-12-31 | CN¥0.70 | CN¥6.01 | x |
| 2012-12-31 | CN¥2.01 | CN¥6.01 | x |
| 2013-12-31 | CN¥1.66 | CN¥6.01 | x |
| 2014-12-31 | CN¥1.67 | CN¥6.01 | x |
| 2015-12-31 | CN¥1.56 | CN¥6.01 | x |
| 2016-12-31 | CN¥1.62 | CN¥6.01 | x |
| 2017-12-31 | CN¥1.60 | CN¥6.01 | x |
| 2018-12-31 | CN¥1.67 | CN¥6.01 | x |
| 2019-12-31 | CN¥1.64 | CN¥6.01 | x |
| 2020-12-31 | CN¥1.74 | CN¥6.01 | x |
| 2021-12-31 | CN¥1.62 | CN¥6.01 | x |
| 2022-12-31 | CN¥1.75 | CN¥6.01 | x |
| 2023-12-31 | CN¥2.30 | CN¥6.01 | x |
| 2024-12-31 | CN¥1.94 | CN¥6.01 | 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: $845,529,743
- Average return on equity (ROE) among peers: 0.81%
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 | $488.76 Million |
| Shenzhen Shenbao Industrial Co Ltd (000019) | $957.14 Million | -3.68% | 0.11x | $1.24 Billion |
| Hainan Pearl River Holdings Co Ltd (000505) | $254.16 Million | -54.32% | 1.61x | $640.30 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $92.89 Million | 11.89% | 1.23x | $320.65 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $2.53 Billion | -5.73% | 0.85x | $566.73 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $838.81 Million | 6.47% | 0.11x | $498.43 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $290.51 Million | 13.20% | 1.80x | $14.06 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $180.97 Million | 14.05% | 2.24x | $435.65 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $953.19 Million | 9.28% | 0.41x | $666.24 Million |
| Qingdao Foods Co Ltd (001219) | $1.03 Billion | 9.49% | 0.12x | $450.52 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $1.33 Billion | 7.43% | 0.75x | $587.64 Million |
About 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