Shandong Homey Aquatic Development Co Ltd
Shandong Homey Aquatic Development Co.,Ltd. operates in marine food industry in China and internationally. It offers kelp, seaweed, shellfish, fish, shrimp, jellyfish, and other products, as well as freeze-dried sea cucumber, frozen sea cucumber, ready-to-eat sea cucumber, and light-dried sea cucumber products; and sea cucumber health products, such as capsules, sea cucumber mucopolysaccharide gr… Read more
Shandong Homey Aquatic Development Co Ltd (600467) - Net Assets
Latest net assets as of June 2025: CN¥3.43 Billion CNY
Based on the latest financial reports, Shandong Homey Aquatic Development Co Ltd (600467) has net assets worth CN¥3.43 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥7.07 Billion) and total liabilities (CN¥3.64 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¥3.43 Billion |
| % of Total Assets | 48.57% |
| Annual Growth Rate | 12.92% |
| 5-Year Change | 4.15% |
| 10-Year Change | 16.31% |
| Growth Volatility | 38.45 |
Shandong Homey Aquatic Development Co Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Shandong Homey Aquatic Development 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 Homey Aquatic Development Co Ltd (2001–2024)
The table below shows the annual net assets of Shandong Homey Aquatic Development Co Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.42 Billion | +1.06% |
| 2023-12-31 | CN¥3.39 Billion | +0.62% |
| 2022-12-31 | CN¥3.37 Billion | +1.18% |
| 2021-12-31 | CN¥3.33 Billion | +1.23% |
| 2020-12-31 | CN¥3.29 Billion | +1.14% |
| 2019-12-31 | CN¥3.25 Billion | +6.25% |
| 2018-12-31 | CN¥3.06 Billion | +1.48% |
| 2017-12-31 | CN¥3.01 Billion | +1.27% |
| 2016-12-31 | CN¥2.98 Billion | +1.13% |
| 2015-12-31 | CN¥2.94 Billion | +0.82% |
| 2014-12-31 | CN¥2.92 Billion | -0.78% |
| 2013-12-31 | CN¥2.94 Billion | +1.26% |
| 2012-12-31 | CN¥2.90 Billion | +6.35% |
| 2011-12-31 | CN¥2.73 Billion | +90.42% |
| 2010-12-31 | CN¥1.43 Billion | +8.01% |
| 2009-12-31 | CN¥1.33 Billion | +5.89% |
| 2008-12-31 | CN¥1.25 Billion | +10.63% |
| 2007-12-31 | CN¥1.13 Billion | +17.60% |
| 2006-12-31 | CN¥963.93 Million | +25.02% |
| 2005-12-31 | CN¥771.01 Million | +13.74% |
| 2004-12-31 | CN¥677.84 Million | +175.39% |
| 2003-12-31 | CN¥246.14 Million | +8.00% |
| 2002-12-31 | CN¥227.90 Million | +8.98% |
| 2001-12-31 | CN¥209.13 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Homey Aquatic Development 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 2424.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.19 Billion | 34.91% |
| Other Components | CN¥2.22 Billion | 65.09% |
| Total Equity | CN¥3.41 Billion | 100.00% |
Shandong Homey Aquatic Development Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Homey Aquatic Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anupam Rasayan India Limited
NSE:ANURAS
|
$318.75 Million |
|
Hana Tour
KO:039130
|
$318.81 Million |
|
Beta Bionics, Inc. Common Stock
NASDAQ:BBNX
|
$318.82 Million |
|
Shanghai Kehua Bio-Engineering Co Ltd
SHE:002022
|
$318.98 Million |
|
BRIDGE INV.GRP.HLD.A -01
F:53S
|
$318.68 Million |
|
Xunlei Limited
F:4XN
|
$318.67 Million |
|
Ledman Optoelectronic Co Ltd
SHE:300162
|
$318.61 Million |
|
Hyosung Advanced Materials Corp
KO:298050
|
$318.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Homey Aquatic Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,373,935,365 to 3,407,364,903, a change of 33,429,538 (1.0%).
- Net income of 43,427,554 contributed positively to equity growth.
- Dividend payments of 149,685,956 reduced retained earnings.
- Other factors increased equity by 139,687,941.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥43.43 Million | +1.27% |
| Dividends Paid | CN¥149.69 Million | -4.39% |
| Other Changes | CN¥139.69 Million | +4.1% |
| Total Change | CN¥- | 0.99% |
Book Value vs Market Value Analysis
This analysis compares Shandong Homey Aquatic Development 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: 1.14x
- 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 1.30x to 1.14x 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 | CN¥2.05 | CN¥2.66 | x |
| 2018-12-31 | CN¥2.08 | CN¥2.66 | x |
| 2019-12-31 | CN¥2.21 | CN¥2.66 | x |
| 2020-12-31 | CN¥2.24 | CN¥2.66 | x |
| 2021-12-31 | CN¥2.27 | CN¥2.66 | x |
| 2022-12-31 | CN¥2.30 | CN¥2.66 | x |
| 2023-12-31 | CN¥2.31 | CN¥2.66 | x |
| 2024-12-31 | CN¥2.33 | CN¥2.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Homey Aquatic Development 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): 1.27%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.07%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.97x
- Recent ROE (1.27%) is below the historical average (7.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 19.81% | 0.00% | 0.00x | 2.16x | CN¥19.28 Million |
| 2002 | 19.52% | 0.00% | 0.00x | 2.14x | CN¥20.38 Million |
| 2003 | 19.80% | 13.35% | 0.72x | 2.07x | CN¥22.50 Million |
| 2004 | 9.53% | 15.69% | 0.44x | 1.37x | CN¥-3.09 Million |
| 2005 | 10.95% | 13.86% | 0.53x | 1.50x | CN¥6.88 Million |
| 2006 | 10.09% | 14.33% | 0.47x | 1.50x | CN¥805.60K |
| 2007 | 18.58% | 26.05% | 0.51x | 1.40x | CN¥93.09 Million |
| 2008 | 10.29% | 26.20% | 0.30x | 1.30x | CN¥3.52 Million |
| 2009 | 5.86% | 14.25% | 0.30x | 1.38x | CN¥-53.21 Million |
| 2010 | 10.27% | 18.45% | 0.36x | 1.53x | CN¥3.82 Million |
| 2011 | 7.72% | 23.56% | 0.24x | 1.37x | CN¥-61.40 Million |
| 2012 | 7.55% | 21.07% | 0.27x | 1.34x | CN¥-70.20 Million |
| 2013 | 3.94% | 11.86% | 0.23x | 1.43x | CN¥-176.88 Million |
| 2014 | 0.71% | 2.36% | 0.18x | 1.63x | CN¥-269.48 Million |
| 2015 | 1.20% | 3.57% | 0.19x | 1.75x | CN¥-257.73 Million |
| 2016 | 1.46% | 4.07% | 0.20x | 1.80x | CN¥-253.02 Million |
| 2017 | 1.78% | 4.43% | 0.21x | 1.93x | CN¥-246.50 Million |
| 2018 | 2.04% | 5.40% | 0.19x | 1.96x | CN¥-242.24 Million |
| 2019 | 2.01% | 5.31% | 0.19x | 1.97x | CN¥-258.15 Million |
| 2020 | 1.90% | 5.06% | 0.19x | 1.98x | CN¥-264.64 Million |
| 2021 | 2.00% | 5.28% | 0.19x | 2.03x | CN¥-265.17 Million |
| 2022 | 1.78% | 5.00% | 0.18x | 1.97x | CN¥-275.80 Million |
| 2023 | 1.47% | 3.16% | 0.23x | 1.97x | CN¥-287.95 Million |
| 2024 | 1.27% | 3.07% | 0.21x | 1.97x | CN¥-297.31 Million |
Industry Comparison
This section compares Shandong Homey Aquatic Development Co Ltd's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $1,314,559,364
- Average return on equity (ROE) among peers: 7.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Homey Aquatic Development Co Ltd (600467) | CN¥3.43 Billion | 19.81% | 1.06x | $318.73 Million |
| ShenZhen Kondarl Group Co Ltd (000048) | $493.88 Million | 5.67% | 1.45x | $677.04 Million |
| Hunan Zhenghong Science and Technology Develop Co Ltd (000702) | $473.86 Million | 3.40% | 0.49x | $192.35 Million |
| Hefei Fengle Seed Co Ltd (000713) | $541.01 Million | 5.38% | 1.28x | $460.52 Million |
| Luoniushan Co Ltd (000735) | $1.57 Billion | 5.18% | 0.35x | $939.65 Million |
| New Hope Liuhe Co Ltd (000876) | $4.62 Billion | 8.84% | 0.83x | $3.80 Billion |
| Yuan Longping High-tech Agriculture Co Ltd (000998) | $903.81 Million | 2.44% | 0.22x | $1.92 Billion |
| Dongrui Food Group Co Ltd (001201) | $326.81 Million | 2.47% | 0.90x | $262.05 Million |
| Jiangxi Sunshine Dairy Co Ltd (001318) | $555.07 Million | 18.79% | 0.29x | $164.61 Million |
| Boen Group Co. Ltd. Cl A (001366) | $521.42 Million | 14.80% | 0.42x | $88.79 Million |
| Shandong Denghai Seeds Co Ltd (002041) | $3.14 Billion | 3.25% | 0.20x | $542.58 Million |