COFCO Tunhe Sugar Co Ltd (600737) - Net Assets
Based on the latest financial reports, COFCO Tunhe Sugar Co Ltd (600737) has net assets worth CN¥11.89 Billion CNY (≈ $1.74 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥22.01 Billion ≈ $3.22 Billion USD) and total liabilities (CN¥10.13 Billion ≈ $1.48 Billion 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 600737 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥11.89 Billion |
| % of Total Assets | 54.0% |
| Annual Growth Rate | 16.9% |
| 5-Year Change | 14.65% |
| 10-Year Change | 72.17% |
| Growth Volatility | 52.68 |
COFCO Tunhe Sugar Co Ltd - Net Assets Trend (1993–2025)
This chart illustrates how COFCO Tunhe Sugar Co Ltd's net assets have evolved over time, based on quarterly financial data. See 600737 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for COFCO Tunhe Sugar Co Ltd (1993–2025)
The table below shows the annual net assets of COFCO Tunhe Sugar Co Ltd from 1993 to 2025. For live valuation and market cap data, see COFCO Tunhe Sugar Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥11.67 Billion ≈ $1.71 Billion |
-0.76% |
| 2024-12-31 | CN¥11.76 Billion ≈ $1.72 Billion |
-0.60% |
| 2023-12-31 | CN¥11.84 Billion ≈ $1.73 Billion |
+9.47% |
| 2022-12-31 | CN¥10.81 Billion ≈ $1.58 Billion |
+6.18% |
| 2021-12-31 | CN¥10.18 Billion ≈ $1.49 Billion |
+10.97% |
| 2020-12-31 | CN¥9.18 Billion ≈ $1.34 Billion |
+11.96% |
| 2019-12-31 | CN¥8.20 Billion ≈ $1.20 Billion |
+8.65% |
| 2018-12-31 | CN¥7.54 Billion ≈ $1.10 Billion |
+3.20% |
| 2017-12-31 | CN¥7.31 Billion ≈ $1.07 Billion |
+7.79% |
| 2016-12-31 | CN¥6.78 Billion ≈ $992.22 Million |
+13.65% |
| 2015-12-31 | CN¥5.97 Billion ≈ $873.09 Million |
-0.14% |
| 2014-12-31 | CN¥5.97 Billion ≈ $874.30 Million |
-1.33% |
| 2013-12-31 | CN¥6.06 Billion ≈ $886.11 Million |
+196.69% |
| 2012-12-31 | CN¥2.04 Billion ≈ $298.67 Million |
-28.53% |
| 2011-12-31 | CN¥2.86 Billion ≈ $417.90 Million |
+5.80% |
| 2010-12-31 | CN¥2.70 Billion ≈ $395.00 Million |
-11.97% |
| 2009-12-31 | CN¥3.07 Billion ≈ $448.74 Million |
+4.05% |
| 2008-12-31 | CN¥2.95 Billion ≈ $431.29 Million |
+121.27% |
| 2007-12-31 | CN¥1.33 Billion ≈ $194.92 Million |
+56.30% |
| 2006-12-31 | CN¥852.21 Million ≈ $124.71 Million |
+17.26% |
| 2005-12-31 | CN¥726.79 Million ≈ $106.35 Million |
+84.61% |
| 2004-12-31 | CN¥393.70 Million ≈ $57.61 Million |
-65.54% |
| 2003-12-31 | CN¥1.14 Billion ≈ $167.17 Million |
-29.93% |
| 2002-12-31 | CN¥1.63 Billion ≈ $238.59 Million |
+12.40% |
| 2001-12-31 | CN¥1.45 Billion ≈ $212.26 Million |
+68.00% |
| 2000-12-31 | CN¥863.41 Million ≈ $126.34 Million |
+62.79% |
| 1999-12-31 | CN¥530.38 Million ≈ $77.61 Million |
+21.21% |
| 1998-12-31 | CN¥437.57 Million ≈ $64.03 Million |
+79.33% |
| 1997-12-31 | CN¥244.01 Million ≈ $35.71 Million |
+20.23% |
| 1996-12-31 | CN¥202.95 Million ≈ $29.70 Million |
+154.84% |
| 1995-12-31 | CN¥79.64 Million ≈ $11.65 Million |
-2.91% |
| 1994-12-31 | CN¥82.03 Million ≈ $12.00 Million |
+4.04% |
| 1993-12-31 | CN¥78.85 Million ≈ $11.54 Million |
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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 42084020.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.88 Billion | 25.20% |
| Other Components | CN¥8.55 Billion | 74.80% |
| Total Equity | CN¥11.43 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 |
|---|---|
|
JUST EAT TAKEAW. SP.ADR
F:T5WA
|
$4.01 Billion |
|
Post Holdings Inc
NYSE:POST
|
$4.01 Billion |
|
StubHub Holdings, Inc.
NYSE:STUB
|
$4.01 Billion |
|
RAMSAY HLTH.CARE ADR/025
F:RMY0
|
$4.01 Billion |
|
EPAM Systems Inc
NYSE:EPAM
|
$4.00 Billion |
|
SKC Co. Ltd
KO:011790
|
$4.00 Billion |
|
HOSHIZAKIL UNSP.ADR/025
F:HS00
|
$4.00 Billion |
|
Asia Cement Corp
TW:1102
|
$4.00 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 2024 to 2025, total equity changed from 11,513,080,393 to 11,425,611,649, a change of -87,468,744 (-0.8%).
- Net income of 951,225,735 contributed positively to equity growth.
- Dividend payments of 943,025,403 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥951.23 Million | +8.33% |
| Dividends Paid | CN¥943.03 Million | -8.25% |
| Other Changes | CN¥-95.67 Million | -0.84% |
| Total Change | CN¥- | -0.76% |
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: 2.40x
- 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 131.73x to 2.40x 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¥12.80 | x |
| 1994-12-31 | CN¥0.10 | CN¥12.80 | x |
| 1995-12-31 | CN¥0.09 | CN¥12.80 | x |
| 1996-12-31 | CN¥0.25 | CN¥12.80 | x |
| 1997-12-31 | CN¥0.30 | CN¥12.80 | x |
| 1998-12-31 | CN¥0.54 | CN¥12.80 | x |
| 1999-12-31 | CN¥0.66 | CN¥12.80 | x |
| 2000-12-31 | CN¥1.05 | CN¥12.80 | x |
| 2001-12-31 | CN¥1.11 | CN¥12.80 | x |
| 2002-12-31 | CN¥1.27 | CN¥12.80 | x |
| 2003-12-31 | CN¥1.40 | CN¥12.80 | x |
| 2004-12-31 | CN¥0.45 | CN¥12.80 | x |
| 2005-12-31 | CN¥0.86 | CN¥12.80 | x |
| 2006-12-31 | CN¥0.98 | CN¥12.80 | x |
| 2007-12-31 | CN¥1.59 | CN¥12.80 | x |
| 2008-12-31 | CN¥3.06 | CN¥12.80 | x |
| 2009-12-31 | CN¥3.02 | CN¥12.80 | x |
| 2010-12-31 | CN¥2.62 | CN¥12.80 | x |
| 2011-12-31 | CN¥2.78 | CN¥12.80 | x |
| 2012-12-31 | CN¥1.98 | CN¥12.80 | x |
| 2013-12-31 | CN¥3.54 | CN¥12.80 | x |
| 2014-12-31 | CN¥2.90 | CN¥12.80 | x |
| 2015-12-31 | CN¥2.89 | CN¥12.80 | x |
| 2016-12-31 | CN¥3.24 | CN¥12.80 | x |
| 2017-12-31 | CN¥3.50 | CN¥12.80 | x |
| 2018-12-31 | CN¥3.57 | CN¥12.80 | x |
| 2019-12-31 | CN¥3.77 | CN¥12.80 | x |
| 2020-12-31 | CN¥4.21 | CN¥12.80 | x |
| 2021-12-31 | CN¥4.68 | CN¥12.80 | x |
| 2022-12-31 | CN¥4.96 | CN¥12.80 | x |
| 2023-12-31 | CN¥5.42 | CN¥12.80 | x |
| 2024-12-31 | CN¥5.38 | CN¥12.80 | x |
| 2025-12-31 | CN¥5.34 | CN¥12.80 | 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): 8.33%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.59%
- • Asset Turnover: 1.27x
- • Equity Multiplier: 1.83x
- Recent ROE (8.33%) is above the historical average (0.14%), 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 |
| 2025 | 8.33% | 3.59% | 1.27x | 1.83x | CN¥-191.34 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: $2,662,900,557
- Average return on equity (ROE) among peers: 4.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| COFCO Tunhe Sugar Co Ltd (600737) | CN¥11.89 Billion | 12.66% | 0.85x | $4.01 Billion |
| Shenzhen Shenbao Industrial Co Ltd (000019) | $288.72 Million | 3.74% | 0.57x | $992.25 Million |
| Hainan Pearl River Holdings Co Ltd (000505) | $3.21 Billion | -8.28% | 0.90x | $515.34 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $2.77 Billion | 12.39% | 1.78x | $206.92 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $198.37 Million | 2.86% | 2.56x | $473.73 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $715.32 Million | -2.72% | 0.73x | $400.45 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $15.47 Billion | 27.93% | 0.49x | $11.55 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $880.71 Million | 3.02% | 1.67x | $388.25 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $953.19 Million | 9.28% | 0.41x | $599.98 Million |
| Qingdao Foods Co Ltd (001219) | $857.75 Million | 7.93% | 0.09x | $351.80 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $1.29 Billion | -11.87% | 0.26x | $507.38 Million |
About COFCO Tunhe Sugar Co Ltd
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