Shandong Longda Meat Foodstuff Co Ltd
Shandong Longda Meishi Co., Ltd. operates as a meat processing company in China. The company operates through slaughtering and aquaculture sectors.It is involved in pig slaughtering and fresh and frozen meat processing; breeding business; and provision of food safety testing services. It offers ingredients; and semi-finished and finished dishes. The also exports its products to Japan. The company… Read more
Shandong Longda Meat Foodstuff Co Ltd (002726) - Net Assets
Latest net assets as of September 2025: CN¥1.44 Billion CNY
Based on the latest financial reports, Shandong Longda Meat Foodstuff Co Ltd (002726) has net assets worth CN¥1.44 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¥5.46 Billion) and total liabilities (CN¥4.02 Billion). 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¥1.44 Billion |
| % of Total Assets | 26.42% |
| Annual Growth Rate | 7.97% |
| 5-Year Change | -55.04% |
| 10-Year Change | 2.16% |
| Growth Volatility | 24.48 |
Shandong Longda Meat Foodstuff Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Shandong Longda Meat Foodstuff 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 Shandong Longda Meat Foodstuff Co Ltd (2009–2024)
The table below shows the annual net assets of Shandong Longda Meat Foodstuff Co Ltd from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.66 Billion | +0.26% |
| 2023-12-31 | CN¥1.66 Billion | -52.71% |
| 2022-12-31 | CN¥3.50 Billion | +3.34% |
| 2021-12-31 | CN¥3.39 Billion | -8.25% |
| 2020-12-31 | CN¥3.70 Billion | +44.16% |
| 2019-12-31 | CN¥2.56 Billion | +13.95% |
| 2018-12-31 | CN¥2.25 Billion | +10.74% |
| 2017-12-31 | CN¥2.03 Billion | +9.96% |
| 2016-12-31 | CN¥1.85 Billion | +13.60% |
| 2015-12-31 | CN¥1.63 Billion | +7.36% |
| 2014-12-31 | CN¥1.51 Billion | +62.30% |
| 2013-12-31 | CN¥933.23 Million | +9.84% |
| 2012-12-31 | CN¥849.62 Million | +3.39% |
| 2011-12-31 | CN¥821.78 Million | +16.49% |
| 2010-12-31 | CN¥705.45 Million | +34.13% |
| 2009-12-31 | CN¥525.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Longda Meat Foodstuff 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 377.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.08 Billion | 71.79% |
| Other Components | CN¥917.81 Million | 61.05% |
| Total Equity | CN¥1.50 Billion | 100.00% |
Shandong Longda Meat Foodstuff Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Longda Meat Foodstuff Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anhui Shiny Electronic Technology Company Limited
SHE:300956
|
$220.60 Million |
|
Porvair plc
PINK:PVARF
|
$220.64 Million |
|
Allot Communications Ltd
NASDAQ:ALLT
|
$220.66 Million |
|
Yangzhou Chenhua New Material Co Ltd
SHE:300610
|
$220.67 Million |
|
Texmaco Rail & Engineering Limited
NSE:TEXRAIL
|
$220.56 Million |
|
Jiangsu Hualv Biological Technology Co.Ltd.
SHE:300970
|
$220.56 Million |
|
Shenwu Energy Saving Co Ltd
SHE:000820
|
$220.56 Million |
|
Ascopiave S.p.A
PINK:ASCOF
|
$220.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Longda Meat Foodstuff Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,481,981,607 to 1,503,284,266, a change of 21,302,659 (1.4%).
- Net income of 21,617,644 contributed positively to equity growth.
- Dividend payments of 82,011,892 reduced retained earnings.
- Other factors increased equity by 81,696,907.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥21.62 Million | +1.44% |
| Dividends Paid | CN¥82.01 Million | -5.46% |
| Other Changes | CN¥81.70 Million | +5.43% |
| Total Change | CN¥- | 1.44% |
Book Value vs Market Value Analysis
This analysis compares Shandong Longda Meat Foodstuff 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: 2.85x
- 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 4.32x to 2.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.92 | CN¥3.97 | x |
| 2010-12-31 | CN¥0.95 | CN¥3.97 | x |
| 2011-12-31 | CN¥1.10 | CN¥3.97 | x |
| 2012-12-31 | CN¥1.12 | CN¥3.97 | x |
| 2013-12-31 | CN¥1.24 | CN¥3.97 | x |
| 2014-12-31 | CN¥2.10 | CN¥3.97 | x |
| 2015-12-31 | CN¥1.63 | CN¥3.97 | x |
| 2016-12-31 | CN¥1.72 | CN¥3.97 | x |
| 2017-12-31 | CN¥1.97 | CN¥3.97 | x |
| 2018-12-31 | CN¥2.74 | CN¥3.97 | x |
| 2019-12-31 | CN¥2.36 | CN¥3.97 | x |
| 2020-12-31 | CN¥3.03 | CN¥3.97 | x |
| 2021-12-31 | CN¥3.14 | CN¥3.97 | x |
| 2022-12-31 | CN¥3.08 | CN¥3.97 | x |
| 2023-12-31 | CN¥1.38 | CN¥3.97 | x |
| 2024-12-31 | CN¥1.39 | CN¥3.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Longda Meat Foodstuff 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): 1.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.20%
- • Asset Turnover: 1.87x
- • Equity Multiplier: 3.91x
- Recent ROE (1.44%) is below the historical average (1.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 17.00% | 5.74% | 2.04x | 1.45x | CN¥34.90 Million |
| 2010 | 15.98% | 5.28% | 2.23x | 1.36x | CN¥40.22 Million |
| 2011 | 14.84% | 5.41% | 2.22x | 1.23x | CN¥38.25 Million |
| 2012 | 13.09% | 4.20% | 2.46x | 1.26x | CN¥25.18 Million |
| 2013 | 12.94% | 3.68% | 2.55x | 1.38x | CN¥26.38 Million |
| 2014 | 6.99% | 2.89% | 2.04x | 1.19x | CN¥-43.99 Million |
| 2015 | 7.49% | 2.71% | 2.21x | 1.25x | CN¥-38.83 Million |
| 2016 | 13.18% | 4.27% | 2.37x | 1.30x | CN¥56.15 Million |
| 2017 | 9.75% | 2.86% | 2.58x | 1.32x | CN¥-4.87 Million |
| 2018 | 8.40% | 2.02% | 2.34x | 1.78x | CN¥-33.73 Million |
| 2019 | 10.37% | 1.43% | 2.66x | 2.72x | CN¥8.65 Million |
| 2020 | 26.75% | 3.76% | 2.82x | 2.53x | CN¥567.22 Million |
| 2021 | -26.21% | -4.35% | 2.37x | 2.55x | CN¥-1.17 Billion |
| 2022 | 2.27% | 0.47% | 2.02x | 2.40x | CN¥-256.65 Million |
| 2023 | -103.80% | -11.55% | 2.11x | 4.26x | CN¥-1.69 Billion |
| 2024 | 1.44% | 0.20% | 1.87x | 3.91x | CN¥-128.71 Million |
Industry Comparison
This section compares Shandong Longda Meat Foodstuff 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 |
|---|---|---|---|---|
| Shandong Longda Meat Foodstuff Co Ltd (002726) | CN¥1.44 Billion | 17.00% | 2.78x | $220.59 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 |