Shenzhen Shenbao Industrial Co Ltd (200019) - Net Assets

Latest as of March 2026: HK$5.06 Billion HKD ≈ $645.32 Million USD

Based on the latest financial reports, Shenzhen Shenbao Industrial Co Ltd (200019) has net assets worth HK$5.06 Billion HKD (≈ $645.32 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 (HK$7.48 Billion ≈ $955.15 Million USD) and total liabilities (HK$2.43 Billion ≈ $309.83 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 Shenzhen Shenbao Industrial Co Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	HK$5.06 Billion
% of Total Assets	67.56%
Annual Growth Rate	18.91%
5-Year Change	6.25%
10-Year Change	N/A
Growth Volatility	109.93

Shenzhen Shenbao Industrial Co Ltd - Net Assets Trend (2016–2025)

This chart illustrates how Shenzhen Shenbao Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Shenzhen Shenbao Industrial Co Ltd fund operations to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Shenzhen Shenbao Industrial Co Ltd (2016–2025)

The table below shows the annual net assets of Shenzhen Shenbao Industrial Co Ltd from 2016 to 2025. For live valuation and market cap data, see Shenzhen Shenbao Industrial Co Ltd (200019) market capitalisation.

Year	Net Assets	Change
2025-12-31	HK$4.99 Billion ≈ $637.06 Million	+1.40%
2024-12-31	HK$4.92 Billion ≈ $628.23 Million	+0.81%
2023-12-31	HK$4.88 Billion ≈ $623.17 Million	+1.02%
2022-12-31	HK$4.83 Billion ≈ $616.90 Million	+2.89%
2021-12-31	HK$4.70 Billion ≈ $599.58 Million	-2.05%
2020-12-31	HK$4.80 Billion ≈ $612.13 Million	+3.72%
2019-12-31	HK$4.62 Billion ≈ $590.20 Million	+6.59%
2018-12-31	HK$4.34 Billion ≈ $553.71 Million	+350.35%
2017-12-31	HK$963.15 Million ≈ $122.95 Million	-8.25%
2016-12-31	HK$1.05 Billion ≈ $134.00 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shenzhen Shenbao Industrial 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 802.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	HK$1.92 Billion	38.53%
Other Components	HK$3.07 Billion	61.47%
Total Equity	HK$4.99 Billion	100.00%

Shenzhen Shenbao Industrial Co Ltd Competitors by Market Cap

The table below lists competitors of Shenzhen Shenbao Industrial Co Ltd ranked by their market capitalization.

Company	Market Cap
SeaTwirl AB ST:STW	$21.60 Million
Siili Solutions Oyj HE:SIILI	$21.61 Million
Elspec TA:ELSPC	$21.62 Million
Shanyuan Co Ltd TWO:4416	$21.62 Million
Ultimate Games SA WAR:ULG	$21.59 Million
Associated Industries China Inc TW:9912	$21.59 Million
NanoViricides Inc NYSE MKT:NNVC	$21.57 Million
BRAINCOOL AB F:5YL	$21.56 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shenzhen Shenbao Industrial Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 4,919,674,143 to 4,988,751,158, a change of 69,077,016 (1.4%).
Net income of 243,215,786 contributed positively to equity growth.
Dividend payments of 201,054,570 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	HK$243.22 Million	+4.88%
Dividends Paid	HK$201.05 Million	-4.03%
Other Changes	HK$26.92 Million	+0.54%
Total Change	HK$-	1.40%

Book Value vs Market Value Analysis

This analysis compares Shenzhen Shenbao Industrial 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: 0.76x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 1.72x to 0.76x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	HK$1.91	HK$3.27	x
2018-12-31	HK$3.62	HK$3.27	x
2019-12-31	HK$3.84	HK$3.27	x
2020-12-31	HK$3.99	HK$3.27	x
2021-12-31	HK$4.02	HK$3.27	x
2022-12-31	HK$4.13	HK$3.27	x
2023-12-31	HK$4.19	HK$3.27	x
2024-12-31	HK$4.27	HK$3.27	x
2025-12-31	HK$4.33	HK$3.27	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shenzhen Shenbao Industrial 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): 4.88%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.42%
• Asset Turnover: 0.75x
• Equity Multiplier: 1.48x
Recent ROE (4.88%) is below the historical average (6.49%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	9.36%	35.34%	0.23x	1.14x	HK$-6.56 Million
2017	-5.71%	-17.13%	0.29x	1.13x	HK$-148.79 Million
2018	7.39%	2.87%	1.66x	1.55x	HK$-108.92 Million
2019	8.22%	3.29%	1.63x	1.53x	HK$-78.57 Million
2020	8.82%	3.41%	1.63x	1.59x	HK$-54.44 Million
2021	9.26%	4.23%	1.32x	1.66x	HK$-34.31 Million
2022	8.83%	5.06%	1.12x	1.56x	HK$-55.55 Million
2023	7.20%	5.62%	0.84x	1.53x	HK$-135.11 Million
2024	6.61%	6.05%	0.70x	1.57x	HK$-166.66 Million
2025	4.88%	4.42%	0.75x	1.48x	HK$-255.66 Million

Industry Comparison

This section compares Shenzhen Shenbao Industrial Co Ltd's net assets metrics with peer companies in the Packaged Foods industry.

Industry Context

Industry: Packaged Foods
Average net assets among peers: $1,024,359,158
Average return on equity (ROE) among peers: 10.46%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shenzhen Shenbao Industrial Co Ltd (200019)	HK$5.06 Billion	9.36%	0.48x	$21.60 Million
Shenzhen Shenbao Industrial Co Ltd (000019)	$365.34 Million	-3.53%	0.71x	$992.25 Million
Hainan Pearl River Holdings Co Ltd (000505)	$536.51 Million	31.33%	0.36x	$515.34 Million
Xiwang Foodstuffs Co Ltd (000639)	$1.02 Billion	13.97%	0.40x	$206.92 Million
Nanfang Black Sesame Group Co Ltd (000716)	$1.81 Billion	2.87%	0.29x	$473.73 Million
CNFC Overseas Fishery Co Ltd (000798)	$812.31 Million	2.77%	0.38x	$400.45 Million
Henan Shuanghui Investment & Development Co Ltd (000895)	$2.36 Billion	15.73%	0.48x	$11.55 Billion
Xinjiang Chalkis Co Ltd (000972)	$28.88 Million	16.61%	5.34x	$388.25 Million
Zhengzhou Qianweiyangchu Food Co Ltd (001215)	$1.22 Billion	11.05%	0.49x	$599.98 Million
Qingdao Foods Co Ltd (001219)	$1.03 Billion	9.49%	0.12x	$351.80 Million
Shandong Oriental Ocean Sci-Tech Co Ltd (002086)	$1.06 Billion	4.32%	0.50x	$507.38 Million

About Shenzhen Shenbao Industrial Co Ltd

SHE:200019 China Packaged Foods

Market Cap

$21.60 Million

HK$169.22 Million HKD

Market Cap Rank

#24880 Global

#4736 in China

Share Price

HK$3.27

Change (1 day)

-1.21%

52-Week Range

HK$3.17 - HK$3.71

All Time High

HK$4.94