Gan Yuan Foods Co Ltd (002991) - Net Assets
Based on the latest financial reports, Gan Yuan Foods Co Ltd (002991) has net assets worth CN¥1.66 Billion CNY (≈ $243.09 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¥2.14 Billion ≈ $313.32 Million USD) and total liabilities (CN¥479.98 Million ≈ $70.24 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 Gan Yuan Foods Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.66 Billion |
| % of Total Assets | 77.58% |
| Annual Growth Rate | 27.16% |
| 5-Year Change | 20.68% |
| 10-Year Change | N/A |
| Growth Volatility | 56.64 |
Gan Yuan Foods Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Gan Yuan Foods Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002991 asset base for the complete picture of this company's asset base.
Annual Net Assets for Gan Yuan Foods Co Ltd (2016–2024)
The table below shows the annual net assets of Gan Yuan Foods Co Ltd from 2016 to 2024. For live valuation and market cap data, see 002991 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.71 Billion ≈ $250.93 Million |
+1.78% |
| 2023-12-31 | CN¥1.68 Billion ≈ $246.54 Million |
+11.88% |
| 2022-12-31 | CN¥1.51 Billion ≈ $220.36 Million |
+4.24% |
| 2021-12-31 | CN¥1.44 Billion ≈ $211.40 Million |
+1.67% |
| 2020-12-31 | CN¥1.42 Billion ≈ $207.93 Million |
+181.73% |
| 2019-12-31 | CN¥504.36 Million ≈ $73.80 Million |
+24.12% |
| 2018-12-31 | CN¥406.36 Million ≈ $59.46 Million |
+17.28% |
| 2017-12-31 | CN¥346.48 Million ≈ $50.70 Million |
+38.08% |
| 2016-12-31 | CN¥250.93 Million ≈ $36.72 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Gan Yuan 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 1100.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥755.03 Million | 44.03% |
| Common Stock | CN¥93.22 Million | 5.44% |
| Other Components | CN¥866.58 Million | 50.53% |
| Total Equity | CN¥1.71 Billion | 100.00% |
Gan Yuan Foods Co Ltd Competitors by Market Cap
The table below lists competitors of Gan Yuan Foods Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Serve Robotics Inc. Common Stock
NASDAQ:SERV
|
$701.56 Million |
|
AFYA LTD. CL.A DL-00005
F:1AY
|
$701.62 Million |
|
Tatwah Smartech Co Ltd
SHE:002512
|
$701.64 Million |
|
Kronos Worldwide Inc
NYSE:KRO
|
$701.82 Million |
|
Velesto Energy Bhd
KLSE:5243
|
$701.31 Million |
|
Telesat Corp
TO:TSAT
|
$701.13 Million |
|
Clevo Co
TW:2362
|
$701.09 Million |
|
BioAge Labs, Inc
NASDAQ:BIOA
|
$701.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gan Yuan Foods Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,684,817,478 to 1,714,823,885, a change of 30,006,407 (1.8%).
- Net income of 376,190,408 contributed positively to equity growth.
- Dividend payments of 296,791,005 reduced retained earnings.
- Share repurchases of 72,021,616 reduced equity.
- Other factors increased equity by 22,628,620.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥376.19 Million | +21.94% |
| Dividends Paid | CN¥296.79 Million | -17.31% |
| Share Repurchases | CN¥72.02 Million | -4.2% |
| Other Changes | CN¥22.63 Million | +1.32% |
| Total Change | CN¥- | 1.78% |
Book Value vs Market Value Analysis
This analysis compares Gan Yuan 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: 2.73x
- 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 14.03x to 2.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥3.67 | CN¥51.43 | x |
| 2017-12-31 | CN¥5.08 | CN¥51.43 | x |
| 2018-12-31 | CN¥5.80 | CN¥51.43 | x |
| 2019-12-31 | CN¥7.26 | CN¥51.43 | x |
| 2020-12-31 | CN¥15.24 | CN¥51.43 | x |
| 2021-12-31 | CN¥15.71 | CN¥51.43 | x |
| 2022-12-31 | CN¥16.38 | CN¥51.43 | x |
| 2023-12-31 | CN¥18.33 | CN¥51.43 | x |
| 2024-12-31 | CN¥18.87 | CN¥51.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gan Yuan 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): 21.94%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.67%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 1.32x
- Recent ROE (21.94%) is above the historical average (19.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 19.64% | 6.96% | 1.66x | 1.70x | CN¥24.19 Million |
| 2017 | 17.93% | 7.89% | 1.57x | 1.45x | CN¥27.48 Million |
| 2018 | 29.50% | 13.15% | 1.33x | 1.68x | CN¥79.24 Million |
| 2019 | 33.31% | 15.15% | 1.29x | 1.71x | CN¥117.56 Million |
| 2020 | 12.62% | 15.29% | 0.67x | 1.24x | CN¥37.18 Million |
| 2021 | 10.64% | 11.87% | 0.71x | 1.26x | CN¥9.19 Million |
| 2022 | 10.51% | 10.91% | 0.72x | 1.33x | CN¥7.75 Million |
| 2023 | 19.53% | 17.81% | 0.88x | 1.24x | CN¥160.58 Million |
| 2024 | 21.94% | 16.67% | 0.99x | 1.32x | CN¥204.71 Million |
Industry Comparison
This section compares Gan Yuan 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 |
|---|---|---|---|---|
| Gan Yuan Foods Co Ltd (002991) | CN¥1.66 Billion | 19.64% | 0.29x | $701.53 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 Gan Yuan Foods Co Ltd
Ganyuan Foods Co., Ltd. engages in the research and development, production, and sales of snack foods in China. It offers green peas, melon seeds, broad beans, seasoned nuts, beans, rice crackers, potato chips, snow cakes, rice cakes, peanuts, and other snack foods; nuts, puffed foods, biscuits, candies and preserves, marinated products, bread and pastries, and other categories; as well as grains… Read more