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¥39.60 Billion CNY (≈ $5.80 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥47.14 Billion ≈ $6.90 Billion USD) and total liabilities (CN¥7.54 Billion ≈ $1.10 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 capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥39.60 Billion |
| % of Total Assets | 84.01% |
| Annual Growth Rate | 19.1% |
| 5-Year Change | 79.74% |
| 10-Year Change | 321.8% |
| Growth Volatility | 19.88 |
Foshan Haitian Flavouring and Food Co Ltd - Net Assets Trend (2009–2025)
This chart illustrates how Foshan Haitian Flavouring and Food Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Foshan Haitian Flavouring and Food Co Lt.
Annual Net Assets for Foshan Haitian Flavouring and Food Co Ltd (2009–2025)
The table below shows the annual net assets of Foshan Haitian Flavouring and Food Co Ltd from 2009 to 2025. Also explore Foshan Haitian Flavouring and Food Co Lt (603288) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥42.24 Billion ≈ $6.18 Billion |
+34.51% |
| 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 |
-- |
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 2175.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥23.55 Billion | 56.99% |
| Common Stock | CN¥5.85 Billion | 14.16% |
| Other Comprehensive Income | CN¥2.98 Billion | 7.21% |
| Other Components | CN¥8.94 Billion | 21.64% |
| Total Equity | CN¥41.33 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 |
|---|---|
|
Novonesis (Novozymes) A/S
CO:NSIS-B
|
$27.65 Billion |
|
Arch Capital Group Ltd
F:RSK
|
$27.68 Billion |
|
Medline Inc. Class A Common Stock
NASDAQ:MDLN
|
$27.76 Billion |
|
SHINHAN FINL ADR/1 SW5000
F:KSF1
|
$27.77 Billion |
|
Ares Management LP
NYSE:ARES
|
$27.49 Billion |
|
Sampo A SDB
ST:SAMPO-SDB
|
$27.48 Billion |
|
HP Inc
NYSE:HPQ
|
$27.48 Billion |
|
George Weston Limited
TO:WN
|
$27.47 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 2024 to 2025, total equity changed from 30,895,407,856 to 41,329,564,456, a change of 10,434,156,600 (33.8%).
- Net income of 7,038,465,000 contributed positively to equity growth.
- Dividend payments of 6,312,937,388 reduced retained earnings.
- Other comprehensive income increased equity by 141,043,287.
- Other factors increased equity by 9,567,585,701.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥7.04 Billion | +17.03% |
| Dividends Paid | CN¥6.31 Billion | -15.27% |
| Other Comprehensive Income | CN¥141.04 Million | +0.34% |
| Other Changes | CN¥9.57 Billion | +23.15% |
| Total Change | CN¥- | 33.77% |
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: 4.69x
- 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 59.79x to 4.69x 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¥33.85 | x |
| 2010-12-31 | CN¥0.65 | CN¥33.85 | x |
| 2011-12-31 | CN¥0.77 | CN¥33.85 | x |
| 2012-12-31 | CN¥0.68 | CN¥33.85 | x |
| 2013-12-31 | CN¥0.73 | CN¥33.85 | x |
| 2014-12-31 | CN¥1.34 | CN¥33.85 | x |
| 2015-12-31 | CN¥1.55 | CN¥33.85 | x |
| 2016-12-31 | CN¥2.36 | CN¥33.85 | x |
| 2017-12-31 | CN¥2.09 | CN¥33.85 | x |
| 2018-12-31 | CN¥2.46 | CN¥33.85 | x |
| 2019-12-31 | CN¥2.98 | CN¥33.85 | x |
| 2020-12-31 | CN¥3.61 | CN¥33.85 | x |
| 2021-12-31 | CN¥4.21 | CN¥33.85 | x |
| 2022-12-31 | CN¥4.75 | CN¥33.85 | x |
| 2023-12-31 | CN¥5.12 | CN¥33.85 | x |
| 2024-12-31 | CN¥5.57 | CN¥33.85 | x |
| 2025-12-31 | CN¥7.22 | CN¥33.85 | 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): 17.03%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.52%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.26x
- Recent ROE (17.03%) is below the historical average (28.28%), 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 |
| 2025 | 17.03% | 24.52% | 0.55x | 1.26x | CN¥2.91 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: $1,392,849,666
- Average return on equity (ROE) among peers: 0.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Foshan Haitian Flavouring and Food Co Ltd (603288) | CN¥39.60 Billion | 29.63% | 0.19x | $27.54 Billion |
| Shenzhen Shenbao Industrial Co Ltd (000019) | $889.88 Million | 0.78% | 0.19x | $1.15 Billion |
| Hainan Pearl River Holdings Co Ltd (000505) | $518.52 Million | 5.35% | 1.79x | $649.98 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $4.10 Billion | -18.34% | 0.99x | $255.89 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $146.06 Million | -26.14% | 3.55x | $558.56 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $812.31 Million | 2.77% | 0.38x | $543.40 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $2.73 Billion | 20.55% | 0.47x | $11.81 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $1.20 Billion | 2.32% | 3.68x | $440.17 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $1.83 Billion | 3.46% | 0.32x | $432.93 Million |
| Qingdao Foods Co Ltd (001219) | $299.34 Million | 12.12% | 0.20x | $355.80 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $1.39 Billion | 4.09% | 0.81x | $576.18 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 soybean paste, soy sauce, flavoured sauce, oyster sauce, vinegar, cooking wine, and compound seasonings. It also engages in packaging materials and glass bottles packaging and catering services. The company exports its product… Read more