Shandong Zhonglu Oceanic Fisheries Co Ltd (200992) - Net Assets
Based on the latest financial reports, Shandong Zhonglu Oceanic Fisheries Co Ltd (200992) has net assets worth HK$1.30 Billion HKD (≈ $166.39 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (HK$2.08 Billion ≈ $265.65 Million USD) and total liabilities (HK$777.55 Million ≈ $99.26 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 Shandong Zhonglu Oceanic Fisheries Co Lt to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | HK$1.30 Billion |
| % of Total Assets | 62.64% |
| Annual Growth Rate | 4.1% |
| 5-Year Change | 24.4% |
| 10-Year Change | 123.24% |
| Growth Volatility | 72.81 |
Shandong Zhonglu Oceanic Fisheries Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Shandong Zhonglu Oceanic Fisheries Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shandong Zhonglu Oceanic Fisheries Co Lt balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Shandong Zhonglu Oceanic Fisheries Co Ltd (2000–2024)
The table below shows the annual net assets of Shandong Zhonglu Oceanic Fisheries Co Ltd from 2000 to 2024. For live valuation and market cap data, see market value of Shandong Zhonglu Oceanic Fisheries Co Lt.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | HK$1.33 Billion ≈ $169.20 Million |
+2.62% |
| 2023-12-31 | HK$1.29 Billion ≈ $164.87 Million |
+3.48% |
| 2022-12-31 | HK$1.25 Billion ≈ $159.32 Million |
+13.93% |
| 2021-12-31 | HK$1.10 Billion ≈ $139.85 Million |
+2.82% |
| 2020-12-31 | HK$1.07 Billion ≈ $136.02 Million |
+1.95% |
| 2019-12-31 | HK$1.05 Billion ≈ $133.42 Million |
+10.73% |
| 2018-12-31 | HK$943.88 Million ≈ $120.49 Million |
+27.71% |
| 2017-12-31 | HK$739.09 Million ≈ $94.35 Million |
+13.57% |
| 2016-12-31 | HK$650.76 Million ≈ $83.07 Million |
+9.60% |
| 2015-12-31 | HK$593.75 Million ≈ $75.79 Million |
+2.47% |
| 2014-12-31 | HK$579.46 Million ≈ $73.97 Million |
+2.26% |
| 2013-12-31 | HK$566.65 Million ≈ $72.34 Million |
+13.65% |
| 2012-12-31 | HK$498.60 Million ≈ $63.65 Million |
+14.24% |
| 2011-12-31 | HK$436.43 Million ≈ $55.71 Million |
+11.91% |
| 2010-12-31 | HK$389.97 Million ≈ $49.78 Million |
+10.07% |
| 2009-12-31 | HK$354.30 Million ≈ $45.23 Million |
+4.40% |
| 2008-12-31 | HK$339.36 Million ≈ $43.32 Million |
+7.31% |
| 2007-12-31 | HK$316.25 Million ≈ $40.37 Million |
+72.02% |
| 2006-12-31 | HK$183.84 Million ≈ $23.47 Million |
+341.58% |
| 2005-12-31 | HK$41.63 Million ≈ $5.31 Million |
-55.58% |
| 2004-12-31 | HK$93.72 Million ≈ $11.96 Million |
+5.36% |
| 2003-12-31 | HK$88.95 Million ≈ $11.36 Million |
-70.17% |
| 2002-12-31 | HK$298.24 Million ≈ $38.07 Million |
-46.04% |
| 2001-12-31 | HK$552.67 Million ≈ $70.55 Million |
+9.26% |
| 2000-12-31 | HK$505.83 Million ≈ $64.57 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shandong Zhonglu Oceanic Fisheries 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 1375.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | HK$483.90 Million | 45.34% |
| Other Components | HK$583.29 Million | 54.66% |
| Total Equity | HK$1.07 Billion | 100.00% |
Shandong Zhonglu Oceanic Fisheries Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Zhonglu Oceanic Fisheries Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aldoro Resources Ltd
AU:ARN
|
$75.76 Million |
|
Maat Pharma SA
PA:MAAT
|
$75.76 Million |
|
Pelthos Therapeutics Inc.
NYSE MKT:PTHS
|
$75.77 Million |
|
Sypris Solutions Inc
NASDAQ:SYPR
|
$75.77 Million |
|
Mitchell Services Ltd
AU:MSV
|
$75.74 Million |
|
Hwacheon Machi
KO:010660
|
$75.74 Million |
|
Vinyl Group Ltd
AU:VNL
|
$75.72 Million |
|
Danang Rubber JSC
VN:DRC
|
$75.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Zhonglu Oceanic Fisheries Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,029,594,896 to 1,067,190,747, a change of 37,595,851 (3.7%).
- Net income of 34,540,565 contributed positively to equity growth.
- Dividend payments of 17,490,771 reduced retained earnings.
- Other factors increased equity by 20,546,057.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | HK$34.54 Million | +3.24% |
| Dividends Paid | HK$17.49 Million | -1.64% |
| Other Changes | HK$20.55 Million | +1.93% |
| Total Change | HK$- | 3.65% |
Book Value vs Market Value Analysis
This analysis compares Shandong Zhonglu Oceanic Fisheries 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: 0.56x
- 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 0.84x to 0.56x 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$2.65 | HK$2.23 | x |
| 2018-12-31 | HK$3.02 | HK$2.23 | x |
| 2019-12-31 | HK$3.33 | HK$2.23 | x |
| 2020-12-31 | HK$3.39 | HK$2.23 | x |
| 2021-12-31 | HK$3.51 | HK$2.23 | x |
| 2022-12-31 | HK$3.71 | HK$2.23 | x |
| 2023-12-31 | HK$3.87 | HK$2.23 | x |
| 2024-12-31 | HK$4.01 | HK$2.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Zhonglu Oceanic Fisheries 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): 3.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.49%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.97x
- Recent ROE (3.24%) is below the historical average (10.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 14.37% | 12.23% | 0.67x | 1.76x | HK$22.04 Million |
| 2001 | 4.63% | 6.99% | 0.33x | 2.01x | HK$-27.60 Million |
| 2004 | 4.43% | 1.52% | 0.44x | 6.62x | HK$-4.28 Million |
| 2006 | 83.21% | 80.28% | 0.45x | 2.30x | HK$134.60 Million |
| 2007 | 17.40% | 25.44% | 0.53x | 1.30x | HK$23.39 Million |
| 2008 | 6.65% | 8.90% | 0.51x | 1.46x | HK$-11.38 Million |
| 2009 | 4.32% | 5.77% | 0.55x | 1.36x | HK$-20.12 Million |
| 2010 | 9.03% | 7.33% | 0.89x | 1.38x | HK$-3.80 Million |
| 2011 | 10.59% | 9.78% | 0.82x | 1.31x | HK$2.57 Million |
| 2012 | 12.45% | 14.21% | 0.68x | 1.30x | HK$12.20 Million |
| 2013 | 7.99% | 7.80% | 0.75x | 1.36x | HK$-10.86 Million |
| 2014 | 2.77% | 2.60% | 0.74x | 1.44x | HK$-40.12 Million |
| 2015 | 2.15% | 1.68% | 0.91x | 1.41x | HK$-44.43 Million |
| 2016 | 8.51% | 6.22% | 1.01x | 1.35x | HK$-9.18 Million |
| 2017 | 13.00% | 9.90% | 0.87x | 1.51x | HK$21.14 Million |
| 2018 | 11.24% | 8.82% | 0.84x | 1.51x | HK$9.93 Million |
| 2019 | 9.28% | 7.29% | 0.88x | 1.45x | HK$-6.41 Million |
| 2020 | 3.27% | 3.06% | 0.77x | 1.39x | HK$-60.79 Million |
| 2021 | 3.81% | 3.80% | 0.67x | 1.50x | HK$-57.83 Million |
| 2022 | 3.06% | 3.07% | 0.54x | 1.86x | HK$-68.47 Million |
| 2023 | 3.85% | 3.46% | 0.56x | 1.99x | HK$-63.36 Million |
| 2024 | 3.24% | 2.49% | 0.66x | 1.97x | HK$-72.18 Million |
Industry Comparison
This section compares Shandong Zhonglu Oceanic Fisheries 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 |
|---|---|---|---|---|
| Shandong Zhonglu Oceanic Fisheries Co Ltd (200992) | HK$1.30 Billion | 14.37% | 0.60x | $75.74 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 Shandong Zhonglu Oceanic Fisheries Co Ltd
Shandong Zhonglu Oceanic Fisheries Company Limited engages in oceanic fishing business in China. The company offers long range fishing, maritime transportation, and cold storage processing and trading; and tuna and its products. It is also involved in the refrigeration and processing of aquatic products; commodity import and export; manufacture and sale of machine-made ice; manufacture, installat… Read more