Tianjin Guifaxiang 18th Street Mahua Food Co Ltd (002820) - Net Assets
Based on the latest financial reports, Tianjin Guifaxiang 18th Street Mahua Food Co Ltd (002820) has net assets worth CN¥873.78 Million CNY (≈ $127.86 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¥957.37 Million ≈ $140.09 Million USD) and total liabilities (CN¥83.59 Million ≈ $12.23 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 strategic asset allocation of Tianjin Guifaxiang 18th Street Mahua Foo to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥873.78 Million |
| % of Total Assets | 91.27% |
| Annual Growth Rate | 10.82% |
| 5-Year Change | -17.75% |
| 10-Year Change | -11.39% |
| Growth Volatility | 33.24 |
Tianjin Guifaxiang 18th Street Mahua Food Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Tianjin Guifaxiang 18th Street Mahua Food Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Tianjin Guifaxiang 18th Street Mahua Foo.
Annual Net Assets for Tianjin Guifaxiang 18th Street Mahua Food Co Ltd (2011–2025)
The table below shows the annual net assets of Tianjin Guifaxiang 18th Street Mahua Food Co Ltd from 2011 to 2025. Also explore Tianjin Guifaxiang 18th Street Mahua Foo (002820) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥866.47 Million ≈ $126.79 Million |
-5.85% |
| 2024-12-31 | CN¥920.28 Million ≈ $134.67 Million |
-6.31% |
| 2023-12-31 | CN¥982.27 Million ≈ $143.74 Million |
+3.09% |
| 2022-12-31 | CN¥952.78 Million ≈ $139.42 Million |
-9.56% |
| 2021-12-31 | CN¥1.05 Billion ≈ $154.16 Million |
-0.83% |
| 2020-12-31 | CN¥1.06 Billion ≈ $155.46 Million |
-1.41% |
| 2019-12-31 | CN¥1.08 Billion ≈ $157.68 Million |
-0.61% |
| 2018-12-31 | CN¥1.08 Billion ≈ $158.65 Million |
+4.40% |
| 2017-12-31 | CN¥1.04 Billion ≈ $151.96 Million |
+6.20% |
| 2016-12-31 | CN¥977.87 Million ≈ $143.09 Million |
+127.15% |
| 2015-12-31 | CN¥430.50 Million ≈ $63.00 Million |
+20.97% |
| 2014-12-31 | CN¥355.87 Million ≈ $52.08 Million |
+22.56% |
| 2013-12-31 | CN¥290.37 Million ≈ $42.49 Million |
+28.98% |
| 2012-12-31 | CN¥225.12 Million ≈ $32.94 Million |
+9.55% |
| 2011-12-31 | CN¥205.49 Million ≈ $30.07 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tianjin Guifaxiang 18th Street Mahua Food 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 281.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥209.16 Million | 24.14% |
| Other Components | CN¥657.31 Million | 75.86% |
| Total Equity | CN¥866.47 Million | 100.00% |
Tianjin Guifaxiang 18th Street Mahua Food Co Ltd Competitors by Market Cap
The table below lists competitors of Tianjin Guifaxiang 18th Street Mahua Food Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anora Group Oyj
HE:ANORA
|
$281.70 Million |
|
First United Corporation
NASDAQ:FUNC
|
$281.84 Million |
|
Zhubo Design
SHE:300564
|
$281.85 Million |
|
DocMorris AG
SW:DOCM
|
$281.88 Million |
|
Qudian Inc
NYSE:QD
|
$281.53 Million |
|
Matrix Service Co
NASDAQ:MTRX
|
$281.50 Million |
|
First Northern Community Bancorp Common stock
NASDAQ:FNRN
|
$281.34 Million |
|
Ningbo Fubang
SHG:600768
|
$281.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tianjin Guifaxiang 18th Street Mahua Food Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 920,278,000 to 866,470,244, a change of -53,807,756 (-5.8%).
- Net loss of 24,525,336 reduced equity.
- Dividend payments of 29,301,464 reduced retained earnings.
- Other comprehensive income decreased equity by 79,888,023.
- Other factors increased equity by 79,907,068.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-24.53 Million | -2.83% |
| Dividends Paid | CN¥29.30 Million | -3.38% |
| Other Comprehensive Income | CN¥-79.89 Million | -9.22% |
| Other Changes | CN¥79.91 Million | +9.22% |
| Total Change | CN¥- | -5.85% |
Book Value vs Market Value Analysis
This analysis compares Tianjin Guifaxiang 18th Street Mahua Food 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: 2.22x
- 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 7.23x to 2.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥1.33 | CN¥9.58 | x |
| 2012-12-31 | CN¥1.46 | CN¥9.58 | x |
| 2013-12-31 | CN¥1.90 | CN¥9.58 | x |
| 2014-12-31 | CN¥2.31 | CN¥9.58 | x |
| 2015-12-31 | CN¥2.80 | CN¥9.58 | x |
| 2016-12-31 | CN¥6.19 | CN¥9.58 | x |
| 2017-12-31 | CN¥5.05 | CN¥9.58 | x |
| 2018-12-31 | CN¥5.28 | CN¥9.58 | x |
| 2019-12-31 | CN¥5.35 | CN¥9.58 | x |
| 2020-12-31 | CN¥5.09 | CN¥9.58 | x |
| 2021-12-31 | CN¥5.44 | CN¥9.58 | x |
| 2022-12-31 | CN¥4.74 | CN¥9.58 | x |
| 2023-12-31 | CN¥4.83 | CN¥9.58 | x |
| 2024-12-31 | CN¥4.76 | CN¥9.58 | x |
| 2025-12-31 | CN¥4.31 | CN¥9.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tianjin Guifaxiang 18th Street Mahua Food 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): -2.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.21%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.10x
- Recent ROE (-2.83%) is below the historical average (10.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 24.37% | 14.39% | 1.33x | 1.27x | CN¥29.43 Million |
| 2012 | 25.31% | 13.42% | 1.45x | 1.31x | CN¥34.47 Million |
| 2013 | 29.01% | 18.22% | 1.28x | 1.24x | CN¥55.21 Million |
| 2014 | 24.31% | 18.80% | 0.97x | 1.34x | CN¥50.92 Million |
| 2015 | 21.85% | 20.57% | 0.89x | 1.20x | CN¥50.99 Million |
| 2016 | 9.38% | 20.06% | 0.44x | 1.06x | CN¥-6.02 Million |
| 2017 | 8.92% | 19.05% | 0.45x | 1.05x | CN¥-11.24 Million |
| 2018 | 7.76% | 17.50% | 0.42x | 1.04x | CN¥-24.29 Million |
| 2019 | 7.85% | 16.67% | 0.45x | 1.05x | CN¥-23.15 Million |
| 2020 | 2.36% | 7.18% | 0.32x | 1.04x | CN¥-81.20 Million |
| 2021 | 2.02% | 5.25% | 0.35x | 1.09x | CN¥-84.07 Million |
| 2022 | -7.32% | -29.50% | 0.23x | 1.08x | CN¥-165.00 Million |
| 2023 | 6.21% | 12.11% | 0.48x | 1.08x | CN¥-37.19 Million |
| 2024 | 2.94% | 5.46% | 0.49x | 1.09x | CN¥-64.95 Million |
| 2025 | -2.83% | -5.21% | 0.49x | 1.10x | CN¥-111.17 Million |
Industry Comparison
This section compares Tianjin Guifaxiang 18th Street Mahua Food Co Ltd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $859,065,021
- Average return on equity (ROE) among peers: 5.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tianjin Guifaxiang 18th Street Mahua Food Co Ltd (002820) | CN¥873.78 Million | 24.37% | 0.10x | $281.59 Million |
| Shenzhen Shenbao Industrial Co Ltd (000019) | $993.64 Million | 1.34% | 0.16x | $1.11 Billion |
| Hainan Pearl River Holdings Co Ltd (000505) | $257.15 Million | 0.63% | 1.72x | $642.23 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $79.91 Million | 6.40% | 1.37x | $257.47 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $138.53 Million | -4.55% | 4.80x | $561.87 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $796.52 Million | 0.36% | 0.09x | $553.03 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $2.33 Billion | 12.80% | 0.40x | $11.82 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $1.33 Billion | 4.22% | 2.64x | $433.39 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $1.22 Billion | 11.05% | 0.49x | $427.95 Million |
| Qingdao Foods Co Ltd (001219) | $337.03 Million | 14.16% | 0.18x | $355.80 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $1.11 Billion | 4.98% | 0.47x | $573.31 Million |
About Tianjin Guifaxiang 18th Street Mahua Food Co Ltd
Tianjin Guifaxiang 18th Street Mahua Food Co.,Ltd. engages in the research and development, production, and sale of traditional specialty and other snack food in China. It offers traditional snack food and other snack food, such as cakes, Tianjin-style instant food, and sweet chestnuts, as well as 18th street fried dough twists, pastries, seasonal food, and other leisure food. The company sells i… Read more