Qianhe Condiment&Food Co Ltd (603027) - Net Assets
Based on the latest financial reports, Qianhe Condiment&Food Co Ltd (603027) has net assets worth CN¥3.40 Billion CNY (≈ $497.80 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.46 Billion ≈ $653.22 Million USD) and total liabilities (CN¥1.06 Billion ≈ $155.42 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 how resilient are Qianhe Condiment&Food Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.40 Billion |
| % of Total Assets | 76.21% |
| Annual Growth Rate | 22.44% |
| 5-Year Change | 92.23% |
| 10-Year Change | 680.38% |
| Growth Volatility | 22.65 |
Qianhe Condiment&Food Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Qianhe Condiment&Food Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 603027 total assets for the complete picture of this company's asset base.
Annual Net Assets for Qianhe Condiment&Food Co Ltd (2011–2024)
The table below shows the annual net assets of Qianhe Condiment&Food Co Ltd from 2011 to 2024. For live valuation and market cap data, see Qianhe Condiment&Food Co Ltd (603027) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.65 Billion ≈ $533.86 Million |
-0.11% |
| 2023-12-31 | CN¥3.65 Billion ≈ $534.46 Million |
+55.22% |
| 2022-12-31 | CN¥2.35 Billion ≈ $344.32 Million |
+13.44% |
| 2021-12-31 | CN¥2.07 Billion ≈ $303.54 Million |
+9.29% |
| 2020-12-31 | CN¥1.90 Billion ≈ $277.72 Million |
+19.18% |
| 2019-12-31 | CN¥1.59 Billion ≈ $233.04 Million |
+21.89% |
| 2018-12-31 | CN¥1.31 Billion ≈ $191.18 Million |
+22.91% |
| 2017-12-31 | CN¥1.06 Billion ≈ $155.55 Million |
+19.38% |
| 2016-12-31 | CN¥890.42 Million ≈ $130.30 Million |
+90.47% |
| 2015-12-31 | CN¥467.50 Million ≈ $68.41 Million |
+16.59% |
| 2014-12-31 | CN¥400.97 Million ≈ $58.67 Million |
+11.01% |
| 2013-12-31 | CN¥361.20 Million ≈ $52.85 Million |
+19.31% |
| 2012-12-31 | CN¥302.73 Million ≈ $44.30 Million |
+15.35% |
| 2011-12-31 | CN¥262.43 Million ≈ $38.40 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Qianhe Condiment&Food 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 3098.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.51 Billion | 41.35% |
| Common Stock | CN¥1.03 Billion | 28.17% |
| Other Components | CN¥1.11 Billion | 30.48% |
| Total Equity | CN¥3.65 Billion | 100.00% |
Qianhe Condiment&Food Co Ltd Competitors by Market Cap
The table below lists competitors of Qianhe Condiment&Food Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gorman-Rupp Company
NYSE:GRC
|
$1.77 Billion |
|
Jihua Group Corp Ltd
SHG:601718
|
$1.77 Billion |
|
Ribo Fashion Group Co Ltd
SHG:603196
|
$1.77 Billion |
|
PagSeguro Digital Ltd
NYSE:PAGS
|
$1.78 Billion |
|
Gas Malaysia Bhd
KLSE:5209
|
$1.77 Billion |
|
Boston Beer Company Inc
NYSE:SAM
|
$1.77 Billion |
|
Weis Markets Inc
NYSE:WMK
|
$1.77 Billion |
|
Spectrum Brands Holdings Inc
NYSE:SPB
|
$1.77 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qianhe Condiment&Food Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,652,367,547 to 3,648,269,217, a change of -4,098,330 (-0.1%).
- Net income of 514,151,627 contributed positively to equity growth.
- Dividend payments of 516,315,403 reduced retained earnings.
- Share repurchases of 159,640 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥514.15 Million | +14.09% |
| Dividends Paid | CN¥516.32 Million | -14.15% |
| Share Repurchases | CN¥159.64K | -0.0% |
| Other Changes | CN¥-1.77 Million | -0.05% |
| Total Change | CN¥- | -0.11% |
Book Value vs Market Value Analysis
This analysis compares Qianhe Condiment&Food 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: 2.56x
- 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 23.46x to 2.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.39 | CN¥9.09 | x |
| 2012-12-31 | CN¥0.45 | CN¥9.09 | x |
| 2013-12-31 | CN¥0.53 | CN¥9.09 | x |
| 2014-12-31 | CN¥0.59 | CN¥9.09 | x |
| 2015-12-31 | CN¥0.69 | CN¥9.09 | x |
| 2016-12-31 | CN¥2.10 | CN¥9.09 | x |
| 2017-12-31 | CN¥1.18 | CN¥9.09 | x |
| 2018-12-31 | CN¥1.95 | CN¥9.09 | x |
| 2019-12-31 | CN¥1.67 | CN¥9.09 | x |
| 2020-12-31 | CN¥1.97 | CN¥9.09 | x |
| 2021-12-31 | CN¥2.16 | CN¥9.09 | x |
| 2022-12-31 | CN¥2.45 | CN¥9.09 | x |
| 2023-12-31 | CN¥3.66 | CN¥9.09 | x |
| 2024-12-31 | CN¥3.55 | CN¥9.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qianhe Condiment&Food 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): 14.09%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.73%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 1.23x
- Recent ROE (14.09%) is below the historical average (14.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 17.93% | 9.36% | 1.31x | 1.46x | CN¥20.81 Million |
| 2012 | 20.45% | 11.26% | 1.23x | 1.47x | CN¥31.62 Million |
| 2013 | 19.51% | 11.50% | 1.18x | 1.43x | CN¥34.35 Million |
| 2014 | 13.21% | 8.14% | 1.00x | 1.62x | CN¥12.87 Million |
| 2015 | 14.23% | 10.67% | 0.86x | 1.55x | CN¥19.78 Million |
| 2016 | 11.24% | 12.98% | 0.75x | 1.15x | CN¥11.05 Million |
| 2017 | 13.55% | 15.19% | 0.79x | 1.13x | CN¥37.76 Million |
| 2018 | 18.37% | 22.53% | 0.55x | 1.48x | CN¥109.37 Million |
| 2019 | 12.45% | 14.63% | 0.66x | 1.29x | CN¥39.00 Million |
| 2020 | 10.84% | 12.15% | 0.77x | 1.15x | CN¥16.01 Million |
| 2021 | 10.67% | 11.50% | 0.80x | 1.16x | CN¥13.97 Million |
| 2022 | 14.62% | 14.12% | 0.77x | 1.35x | CN¥108.65 Million |
| 2023 | 14.52% | 16.54% | 0.75x | 1.17x | CN¥165.21 Million |
| 2024 | 14.09% | 16.73% | 0.69x | 1.23x | CN¥149.32 Million |
Industry Comparison
This section compares Qianhe Condiment&Food Co Ltd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $2,994,389,347
- Average return on equity (ROE) among peers: 11.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qianhe Condiment&Food Co Ltd (603027) | CN¥3.40 Billion | 17.93% | 0.31x | $1.77 Billion |
| Shenzhen Shenbao Industrial Co Ltd (000019) | $296.80 Million | 11.46% | 0.53x | $1.26 Billion |
| Hainan Pearl River Holdings Co Ltd (000505) | $585.78 Million | -31.84% | 1.22x | $648.05 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $76.25 Million | 11.36% | 0.86x | $304.85 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $2.71 Billion | 2.87% | 0.70x | $570.04 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $256.68 Million | 54.64% | 0.92x | $499.50 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $23.15 Billion | 21.02% | 0.47x | $14.05 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $628.09 Million | 8.48% | 2.86x | $440.17 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $1.82 Billion | 4.59% | 0.27x | $687.56 Million |
| Qingdao Foods Co Ltd (001219) | $299.34 Million | 12.12% | 0.20x | $447.10 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $117.09 Million | 24.08% | 1.95x | $584.78 Million |
About Qianhe Condiment&Food Co Ltd
Qianhe Condiment and Food Co., Ltd. engages in the research and development, production and sale of high-quality soy sauce, vinegar, cooking wine, and other condiments. It offers dark, light, low sodium, organic, and seasoned soy sauces, as well as soy sauce paste and powder and oyster sauce. It also provides Liquid and powder caramel color. Qianhe Condiment and Food Co., Ltd. was founded in 1996… Read more