Foshan Haitian Flavouring and Food Co Ltd (603288) - Net Assets
Based on the latest financial reports, Foshan Haitian Flavouring and Food Co Ltd (603288) has net assets worth CN¥40.06 Billion CNY (≈ $5.86 Billion 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¥47.35 Billion ≈ $6.93 Billion USD) and total liabilities (CN¥7.28 Billion ≈ $1.07 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 603288 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥40.06 Billion |
| % of Total Assets | 84.62% |
| Annual Growth Rate | 18.13% |
| 5-Year Change | 55.72% |
| 10-Year Change | 258.83% |
| Growth Volatility | 20.19 |
Foshan Haitian Flavouring and Food Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Foshan Haitian Flavouring and Food Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Foshan Haitian Flavouring and Food Co Lt assets under control for the complete picture of this company's asset base.
Annual Net Assets for Foshan Haitian Flavouring and Food Co Ltd (2009–2024)
The table below shows the annual net assets of Foshan Haitian Flavouring and Food Co Ltd from 2009 to 2024. For live valuation and market cap data, see 603288 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥31.40 Billion ≈ $4.60 Billion |
+8.16% |
| 2023-12-31 | CN¥29.03 Billion ≈ $4.25 Billion |
+7.99% |
| 2022-12-31 | CN¥26.88 Billion ≈ $3.93 Billion |
+14.40% |
| 2021-12-31 | CN¥23.50 Billion ≈ $3.44 Billion |
+16.53% |
| 2020-12-31 | CN¥20.17 Billion ≈ $2.95 Billion |
+21.50% |
| 2019-12-31 | CN¥16.60 Billion ≈ $2.43 Billion |
+19.51% |
| 2018-12-31 | CN¥13.89 Billion ≈ $2.03 Billion |
+18.05% |
| 2017-12-31 | CN¥11.76 Billion ≈ $1.72 Billion |
+17.48% |
| 2016-12-31 | CN¥10.01 Billion ≈ $1.47 Billion |
+14.43% |
| 2015-12-31 | CN¥8.75 Billion ≈ $1.28 Billion |
+16.87% |
| 2014-12-31 | CN¥7.49 Billion ≈ $1.10 Billion |
+91.29% |
| 2013-12-31 | CN¥3.91 Billion ≈ $572.81 Million |
+6.98% |
| 2012-12-31 | CN¥3.66 Billion ≈ $535.42 Million |
+18.58% |
| 2011-12-31 | CN¥3.09 Billion ≈ $451.52 Million |
+22.00% |
| 2010-12-31 | CN¥2.53 Billion ≈ $370.11 Million |
-1.89% |
| 2009-12-31 | CN¥2.58 Billion ≈ $377.23 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Foshan Haitian Flavouring and 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 2118.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥22.96 Billion | 74.32% |
| Common Stock | CN¥5.56 Billion | 18.00% |
| Other Comprehensive Income | CN¥2.84 Billion | 9.19% |
| Total Equity | CN¥30.90 Billion | 100.00% |
Foshan Haitian Flavouring and Food Co Ltd Competitors by Market Cap
The table below lists competitors of Foshan Haitian Flavouring and Food Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Baidu Inc
F:B1C
|
$31.47 Billion |
|
Advanced Info Service Public Company Limited
BK:ADVANC
|
$31.52 Billion |
|
VOLKSWAGEN ADR 1/10/O.N.
F:VOWA
|
$31.57 Billion |
|
Halliburton Company
NYSE:HAL
|
$31.57 Billion |
|
Hindustan Aeronautics Limited
NSE:HAL
|
$31.38 Billion |
|
Samsung Biologics Co Ltd
KO:207940
|
$31.37 Billion |
|
DAIKIN INDUSTR.UNSP.ADR
F:DKIA
|
$31.31 Billion |
|
Fresnillo plc
F:FNL
|
$31.27 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Foshan Haitian Flavouring and Food Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 28,530,612,036 to 30,895,407,856, a change of 2,364,795,820 (8.3%).
- Net income of 6,344,125,969 contributed positively to equity growth.
- Dividend payments of 3,689,795,267 reduced retained earnings.
- Share repurchases of 313,843,919 reduced equity.
- Other comprehensive income increased equity by 244,924,710.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥6.34 Billion | +20.53% |
| Dividends Paid | CN¥3.69 Billion | -11.94% |
| Share Repurchases | CN¥313.84 Million | -1.02% |
| Other Comprehensive Income | CN¥244.92 Million | +0.79% |
| Other Changes | CN¥-220.62 Million | -0.71% |
| Total Change | CN¥- | 8.29% |
Book Value vs Market Value Analysis
This analysis compares Foshan Haitian Flavouring and 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: 6.94x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 68.26x to 6.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.57 | CN¥38.64 | x |
| 2010-12-31 | CN¥0.65 | CN¥38.64 | x |
| 2011-12-31 | CN¥0.77 | CN¥38.64 | x |
| 2012-12-31 | CN¥0.68 | CN¥38.64 | x |
| 2013-12-31 | CN¥0.73 | CN¥38.64 | x |
| 2014-12-31 | CN¥1.34 | CN¥38.64 | x |
| 2015-12-31 | CN¥1.55 | CN¥38.64 | x |
| 2016-12-31 | CN¥2.36 | CN¥38.64 | x |
| 2017-12-31 | CN¥2.09 | CN¥38.64 | x |
| 2018-12-31 | CN¥2.46 | CN¥38.64 | x |
| 2019-12-31 | CN¥2.98 | CN¥38.64 | x |
| 2020-12-31 | CN¥3.61 | CN¥38.64 | x |
| 2021-12-31 | CN¥4.21 | CN¥38.64 | x |
| 2022-12-31 | CN¥4.75 | CN¥38.64 | x |
| 2023-12-31 | CN¥5.12 | CN¥38.64 | x |
| 2024-12-31 | CN¥5.57 | CN¥38.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Foshan Haitian Flavouring and 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): 20.53%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.58%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.32x
- Recent ROE (20.53%) is below the historical average (28.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 29.63% | 15.76% | 1.12x | 1.68x | CN¥468.20 Million |
| 2010 | 26.11% | 11.97% | 1.40x | 1.56x | CN¥407.34 Million |
| 2011 | 30.97% | 15.69% | 1.31x | 1.51x | CN¥647.13 Million |
| 2012 | 33.00% | 17.08% | 1.16x | 1.67x | CN¥841.67 Million |
| 2013 | 41.04% | 19.12% | 1.25x | 1.72x | CN¥1.21 Billion |
| 2014 | 27.92% | 21.29% | 0.89x | 1.47x | CN¥1.34 Billion |
| 2015 | 28.68% | 22.22% | 0.98x | 1.31x | CN¥1.63 Billion |
| 2016 | 28.39% | 22.82% | 0.93x | 1.34x | CN¥1.84 Billion |
| 2017 | 30.05% | 24.21% | 0.89x | 1.39x | CN¥2.36 Billion |
| 2018 | 31.46% | 25.62% | 0.85x | 1.45x | CN¥2.98 Billion |
| 2019 | 32.28% | 27.04% | 0.80x | 1.49x | CN¥3.69 Billion |
| 2020 | 31.91% | 28.09% | 0.77x | 1.47x | CN¥4.40 Billion |
| 2021 | 28.51% | 26.68% | 0.75x | 1.42x | CN¥4.33 Billion |
| 2022 | 23.48% | 24.20% | 0.75x | 1.29x | CN¥3.56 Billion |
| 2023 | 19.72% | 22.91% | 0.64x | 1.35x | CN¥2.77 Billion |
| 2024 | 20.53% | 23.58% | 0.66x | 1.32x | CN¥3.25 Billion |
Industry Comparison
This section compares Foshan Haitian Flavouring and 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: $1,067,392,197
- Average return on equity (ROE) among peers: 1.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Foshan Haitian Flavouring and Food Co Ltd (603288) | CN¥40.06 Billion | 29.63% | 0.18x | $31.44 Billion |
| Shenzhen Shenbao Industrial Co Ltd (000019) | $963.15 Million | 37.29% | 0.11x | $1.24 Billion |
| Hainan Pearl River Holdings Co Ltd (000505) | $164.55 Million | -62.90% | 3.04x | $640.30 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $138.94 Million | 2.37% | 0.95x | $320.65 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $2.84 Billion | 0.49% | 0.87x | $566.73 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $796.52 Million | 0.36% | 0.09x | $498.43 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $1.70 Billion | 11.83% | 0.55x | $14.06 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $100.42 Million | 25.98% | 7.22x | $435.65 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $274.27 Million | 16.98% | 0.48x | $666.24 Million |
| Qingdao Foods Co Ltd (001219) | $923.11 Million | 9.90% | 0.10x | $450.52 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $2.78 Billion | -28.38% | 0.50x | $587.64 Million |
About Foshan Haitian Flavouring and Food Co Ltd
Foshan Haitian Flavouring and Food Company Ltd. engages in the production and sale of condiments, food and agricultural products, and beverages in China. The company offers paste, soy sauce, oyster sauce, vinegar, cooking wine, granulated chicken bouillon, fermented bean curd, seasoning extract, chicken powder seasoning, sesame oil, monosodium glutamate, pickle, and grain products, as well as dri… Read more