COFCO Tunhe Sugar Co Ltd

SHG:600737 China Packaged Foods
Market Cap
$4.59 Billion
CN¥33.67 Billion CNY
Market Cap Rank
#4656 Global
#501 in China
Share Price
CN¥15.74
Change (1 day)
-1.01%
52-Week Range
CN¥9.20 - CN¥19.39
All Time High
CN¥19.39
Categories
Companies in China Packaged Foods
About

Cofco Sugar Holding CO.,LTD. engages in the sugar and tomato processing activities in China and internationally. It operates through Food Processing, Food Trade, and Others segments. The company was formerly known as Cofco Tunhe Sugar CO,. LTD. and changed its name to Cofco Sugar Holding CO.,LTD. in November 2020. The company was founded in 1993 and is headquartered in Beijing, China. Cofco Sugar… Read more

COFCO Tunhe Sugar Co Ltd (600737) - Net Assets

Latest net assets as of September 2025: CN¥11.53 Billion CNY

Based on the latest financial reports, COFCO Tunhe Sugar Co Ltd (600737) has net assets worth CN¥11.53 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥21.14 Billion) and total liabilities (CN¥9.61 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¥11.53 Billion
% of Total Assets 54.55%
Annual Growth Rate 17.52%
5-Year Change 28.21%
10-Year Change 97.17%
Growth Volatility 53.3

COFCO Tunhe Sugar Co Ltd - Net Assets Trend (1993–2024)

This chart illustrates how COFCO Tunhe Sugar 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 COFCO Tunhe Sugar Co Ltd (1993–2024)

The table below shows the annual net assets of COFCO Tunhe Sugar Co Ltd from 1993 to 2024.

Year Net Assets Change
2024-12-31 CN¥11.76 Billion -0.60%
2023-12-31 CN¥11.84 Billion +9.47%
2022-12-31 CN¥10.81 Billion +6.18%
2021-12-31 CN¥10.18 Billion +10.97%
2020-12-31 CN¥9.18 Billion +11.96%
2019-12-31 CN¥8.20 Billion +8.65%
2018-12-31 CN¥7.54 Billion +3.20%
2017-12-31 CN¥7.31 Billion +7.79%
2016-12-31 CN¥6.78 Billion +13.65%
2015-12-31 CN¥5.97 Billion -0.14%
2014-12-31 CN¥5.97 Billion -1.33%
2013-12-31 CN¥6.06 Billion +196.69%
2012-12-31 CN¥2.04 Billion -28.53%
2011-12-31 CN¥2.86 Billion +5.80%
2010-12-31 CN¥2.70 Billion -11.97%
2009-12-31 CN¥3.07 Billion +4.05%
2008-12-31 CN¥2.95 Billion +121.27%
2007-12-31 CN¥1.33 Billion +56.30%
2006-12-31 CN¥852.21 Million +17.26%
2005-12-31 CN¥726.79 Million +84.61%
2004-12-31 CN¥393.70 Million -65.54%
2003-12-31 CN¥1.14 Billion -29.93%
2002-12-31 CN¥1.63 Billion +12.40%
2001-12-31 CN¥1.45 Billion +68.00%
2000-12-31 CN¥863.41 Million +62.79%
1999-12-31 CN¥530.38 Million +21.21%
1998-12-31 CN¥437.57 Million +79.33%
1997-12-31 CN¥244.01 Million +20.23%
1996-12-31 CN¥202.95 Million +154.84%
1995-12-31 CN¥79.64 Million -2.91%
1994-12-31 CN¥82.03 Million +4.04%
1993-12-31 CN¥78.85 Million --

Equity Component Analysis

This analysis shows how different components contribute to COFCO Tunhe Sugar 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 41661743.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥2.85 Billion 24.76%
Common Stock CN¥2.14 Billion 18.58%
Other Components CN¥6.52 Billion 56.66%
Total Equity CN¥11.51 Billion 100.00%

COFCO Tunhe Sugar Co Ltd Competitors by Market Cap

The table below lists competitors of COFCO Tunhe Sugar Co Ltd ranked by their market capitalization.

Company Market Cap
Zai Lab Ltd
NASDAQ:ZLAB
 		$2.24 Billion
MiTAC Holdings Corp
TW:3706
 		$2.25 Billion
Ascentage Pharma Group International
NASDAQ:AAPG
 		$2.25 Billion
Inner Mongolia MengDian HuaNeng Thermal Power Corp Ltd
SHG:600863
 		$2.25 Billion
TRIPLE FLAG PREC.MET.
F:3Y0
 		$2.24 Billion
Smart REIT
PINK:CWYUF
 		$2.24 Billion
The Andersons Inc
NASDAQ:ANDE
 		$2.24 Billion
NET ONE SYSTEMS
MU:NOX
 		$2.24 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in COFCO Tunhe Sugar Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 11,602,786,613 to 11,513,080,393, a change of -89,706,220 (-0.8%).
  • Net income of 1,713,347,195 contributed positively to equity growth.
  • Dividend payments of 1,834,520,245 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.71 Billion +14.88%
Dividends Paid CN¥1.83 Billion -15.93%
Other Changes CN¥31.47 Million +0.27%
Total Change CN¥- -0.77%

Book Value vs Market Value Analysis

This analysis compares COFCO Tunhe Sugar 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: 2.92x
  • 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 161.99x to 2.92x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1993-12-31 CN¥0.10 CN¥15.74 x
1994-12-31 CN¥0.10 CN¥15.74 x
1995-12-31 CN¥0.09 CN¥15.74 x
1996-12-31 CN¥0.25 CN¥15.74 x
1997-12-31 CN¥0.30 CN¥15.74 x
1998-12-31 CN¥0.54 CN¥15.74 x
1999-12-31 CN¥0.66 CN¥15.74 x
2000-12-31 CN¥1.05 CN¥15.74 x
2001-12-31 CN¥1.11 CN¥15.74 x
2002-12-31 CN¥1.27 CN¥15.74 x
2003-12-31 CN¥1.40 CN¥15.74 x
2004-12-31 CN¥0.45 CN¥15.74 x
2005-12-31 CN¥0.86 CN¥15.74 x
2006-12-31 CN¥0.98 CN¥15.74 x
2007-12-31 CN¥1.59 CN¥15.74 x
2008-12-31 CN¥3.06 CN¥15.74 x
2009-12-31 CN¥3.02 CN¥15.74 x
2010-12-31 CN¥2.62 CN¥15.74 x
2011-12-31 CN¥2.78 CN¥15.74 x
2012-12-31 CN¥1.98 CN¥15.74 x
2013-12-31 CN¥3.54 CN¥15.74 x
2014-12-31 CN¥2.90 CN¥15.74 x
2015-12-31 CN¥2.89 CN¥15.74 x
2016-12-31 CN¥3.24 CN¥15.74 x
2017-12-31 CN¥3.50 CN¥15.74 x
2018-12-31 CN¥3.57 CN¥15.74 x
2019-12-31 CN¥3.77 CN¥15.74 x
2020-12-31 CN¥4.21 CN¥15.74 x
2021-12-31 CN¥4.68 CN¥15.74 x
2022-12-31 CN¥4.96 CN¥15.74 x
2023-12-31 CN¥5.42 CN¥15.74 x
2024-12-31 CN¥5.38 CN¥15.74 x

Capital Efficiency Dashboard

This dashboard shows how efficiently COFCO Tunhe Sugar 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): 14.88%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 5.27%
  • • Asset Turnover: 1.62x
  • • Equity Multiplier: 1.75x
  • Recent ROE (14.88%) is above the historical average (-0.12%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1993 12.66% 20.65% 0.36x 1.70x CN¥2.06 Million
1994 24.15% 21.96% 0.50x 2.18x CN¥11.39 Million
1995 25.38% 17.88% 0.47x 3.02x CN¥11.47 Million
1996 13.72% 20.16% 0.32x 2.10x CN¥7.31 Million
1997 16.29% 26.51% 0.26x 2.36x CN¥14.89 Million
1998 20.00% 40.84% 0.30x 1.63x CN¥43.00 Million
1999 16.97% 28.47% 0.30x 1.97x CN¥36.45 Million
2000 10.98% 20.23% 0.24x 2.28x CN¥8.23 Million
2001 5.97% 6.88% 0.18x 4.86x CN¥-35.65 Million
2002 11.02% 5.73% 0.31x 6.26x CN¥10.32 Million
2003 7.45% 3.70% 0.59x 3.41x CN¥-28.49 Million
2004 -185.05% -60.99% 0.28x 10.96x CN¥-702.00 Million
2005 -105.52% -52.88% 0.45x 4.44x CN¥-789.58 Million
2006 18.43% 5.84% 0.77x 4.08x CN¥66.65 Million
2007 18.83% 8.06% 0.63x 3.72x CN¥112.48 Million
2008 10.79% 9.06% 0.56x 2.11x CN¥22.76 Million
2009 8.95% 9.30% 0.41x 2.34x CN¥-31.42 Million
2010 -2.10% -1.88% 0.37x 3.03x CN¥-318.29 Million
2011 1.16% 0.65% 0.54x 3.29x CN¥-246.98 Million
2012 -19.97% -3.93% 1.09x 4.65x CN¥-598.02 Million
2013 1.33% 0.71% 0.96x 1.95x CN¥-521.61 Million
2014 0.55% 0.36% 0.62x 2.42x CN¥-561.09 Million
2015 1.28% 0.65% 0.79x 2.48x CN¥-517.30 Million
2016 7.74% 3.80% 0.71x 2.85x CN¥-150.08 Million
2017 10.31% 3.86% 1.12x 2.38x CN¥22.00 Million
2018 6.87% 2.88% 1.13x 2.12x CN¥-229.01 Million
2019 7.18% 3.15% 1.14x 2.00x CN¥-227.15 Million
2020 5.87% 2.50% 1.21x 1.94x CN¥-372.37 Million
2021 5.19% 2.06% 1.34x 1.87x CN¥-482.23 Million
2022 7.05% 2.81% 1.33x 1.88x CN¥-312.41 Million
2023 17.87% 6.26% 1.54x 1.85x CN¥913.04 Million
2024 14.88% 5.27% 1.62x 1.75x CN¥562.04 Million

Industry Comparison

This section compares COFCO Tunhe Sugar Co Ltd's net assets metrics with peer companies in the Packaged Foods industry.

Industry Context

  • Industry: Packaged Foods
  • Average net assets among peers: $2,496,572,190
  • Average return on equity (ROE) among peers: -3.76%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
COFCO Tunhe Sugar Co Ltd (600737) CN¥11.53 Billion 12.66% 0.83x $2.24 Billion
Xiwang Foodstuffs Co Ltd (000639) $65.61 Million -62.17% 1.91x $345.26 Million
Nanfang Black Sesame Group Co Ltd (000716) $199.49 Million -32.62% 2.81x $346.21 Million
CNFC Overseas Fishery Co Ltd (000798) $727.64 Million 8.49% 0.27x $430.25 Million
Henan Shuanghui Investment & Development Co Ltd (000895) $16.36 Billion 24.69% 0.34x $3.98 Billion
Xinjiang Chalkis Co Ltd (000972) $760.28 Million -33.42% 2.17x $202.97 Million
Zhengzhou Qianweiyangchu Food Co Ltd (001215) $332.95 Million 17.62% 0.88x $266.09 Million
Wenzhou Yuanfei Pet Toy Products Co. Ltd. A (001222) $1.35 Billion 9.31% 0.15x $160.97 Million
Guangdong Yuehai Feeds Group Co.Ltd. (001313) $2.07 Billion 7.87% 0.47x $169.20 Million
Shandong Oriental Ocean Sci-Tech Co Ltd (002086) $393.72 Million 8.08% 0.70x $460.31 Million
Xinjiang Tecon Animal Husbandry Bio-Technology Co Ltd (002100) $2.70 Billion 14.52% 0.66x $903.18 Million