Shandong Huifa Foodstuff Co
Shandong Huifa Foodstuff Co.,Ltd., together with its subsidiaries, engages in the research, development, production, and sale of quick-frozen conditioning products in China and internationally. The company offers quick-frozen pre-prepared food products, such as meatballs, sausages, fried food, skewers, and dishes, chicken meatballs, fish balls, four-happiness meatballs and other products; sausage… Read more
Shandong Huifa Foodstuff Co (603536) - Net Assets
Latest net assets as of September 2025: CN¥444.40 Million CNY
Based on the latest financial reports, Shandong Huifa Foodstuff Co (603536) has net assets worth CN¥444.40 Million 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¥1.28 Billion) and total liabilities (CN¥834.54 Million). 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¥444.40 Million |
| % of Total Assets | 34.75% |
| Annual Growth Rate | 5.7% |
| 5-Year Change | -29.56% |
| 10-Year Change | 27.62% |
| Growth Volatility | 18.38 |
Shandong Huifa Foodstuff Co - Net Assets Trend (2012–2024)
This chart illustrates how Shandong Huifa Foodstuff Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shandong Huifa Foodstuff Co (2012–2024)
The table below shows the annual net assets of Shandong Huifa Foodstuff Co from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥478.69 Million | -8.59% |
| 2023-12-31 | CN¥523.65 Million | +3.17% |
| 2022-12-31 | CN¥507.57 Million | -15.93% |
| 2021-12-31 | CN¥603.76 Million | -11.15% |
| 2020-12-31 | CN¥679.54 Million | +4.62% |
| 2019-12-31 | CN¥649.56 Million | -1.42% |
| 2018-12-31 | CN¥658.93 Million | +2.36% |
| 2017-12-31 | CN¥643.74 Million | +57.63% |
| 2016-12-31 | CN¥408.40 Million | +8.88% |
| 2015-12-31 | CN¥375.10 Million | +8.97% |
| 2014-12-31 | CN¥344.22 Million | +15.64% |
| 2013-12-31 | CN¥297.68 Million | +21.02% |
| 2012-12-31 | CN¥245.98 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Huifa Foodstuff Co'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 decreased by 94.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.15 Million | 0.92% |
| Common Stock | CN¥244.64 Million | 54.39% |
| Other Comprehensive Income | CN¥29.13 Million | 6.48% |
| Other Components | CN¥171.83 Million | 38.20% |
| Total Equity | CN¥449.75 Million | 100.00% |
Shandong Huifa Foodstuff Co Competitors by Market Cap
The table below lists competitors of Shandong Huifa Foodstuff Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Israir Group Ltd
TA:ISRG
|
$149.84 Million |
|
Global Tax Free Co. Ltd
KQ:204620
|
$149.87 Million |
|
Admicom Oyj
HE:ADMCM
|
$149.87 Million |
|
Hangzhou Zongheng Commun
SHG:603602
|
$149.91 Million |
|
QST International
TWO:8349
|
$149.74 Million |
|
Aarti Drugs Limited
NSE:AARTIDRUGS
|
$149.72 Million |
|
Fentura Financial Inc
OTCQX:FETM
|
$149.71 Million |
|
Focus Lightings Tech Co Ltd
SHE:300708
|
$149.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Huifa Foodstuff Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 503,001,503 to 449,752,491, a change of -53,249,012 (-10.6%).
- Net loss of 16,585,881 reduced equity.
- Dividend payments of 26,413,442 reduced retained earnings.
- Share repurchases of 30,988,058 reduced equity.
- Other comprehensive income increased equity by 29,128,870.
- Other factors decreased equity by 8,390,501.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-16.59 Million | -3.69% |
| Dividends Paid | CN¥26.41 Million | -5.87% |
| Share Repurchases | CN¥30.99 Million | -6.89% |
| Other Comprehensive Income | CN¥29.13 Million | +6.48% |
| Other Changes | CN¥-8.39 Million | -1.87% |
| Total Change | CN¥- | -10.59% |
Book Value vs Market Value Analysis
This analysis compares Shandong Huifa Foodstuff Co'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: 5.39x
- 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 7.26x to 5.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥1.39 | CN¥10.08 | x |
| 2013-12-31 | CN¥1.68 | CN¥10.08 | x |
| 2014-12-31 | CN¥1.96 | CN¥10.08 | x |
| 2015-12-31 | CN¥2.11 | CN¥10.08 | x |
| 2016-12-31 | CN¥2.33 | CN¥10.08 | x |
| 2017-12-31 | CN¥2.97 | CN¥10.08 | x |
| 2018-12-31 | CN¥2.80 | CN¥10.08 | x |
| 2019-12-31 | CN¥2.74 | CN¥10.08 | x |
| 2020-12-31 | CN¥2.85 | CN¥10.08 | x |
| 2021-12-31 | CN¥3.40 | CN¥10.08 | x |
| 2022-12-31 | CN¥2.07 | CN¥10.08 | x |
| 2023-12-31 | CN¥2.01 | CN¥10.08 | x |
| 2024-12-31 | CN¥1.87 | CN¥10.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Huifa Foodstuff Co 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): -3.69%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.86%
- • Asset Turnover: 1.34x
- • Equity Multiplier: 3.18x
- Recent ROE (-3.69%) is below the historical average (4.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 29.42% | 8.12% | 1.31x | 2.77x | CN¥47.76 Million |
| 2013 | 22.20% | 6.60% | 1.09x | 3.09x | CN¥36.33 Million |
| 2014 | 17.68% | 6.20% | 0.92x | 3.09x | CN¥26.43 Million |
| 2015 | 11.35% | 5.09% | 0.82x | 2.73x | CN¥5.08 Million |
| 2016 | 10.31% | 4.73% | 0.91x | 2.39x | CN¥1.28 Million |
| 2017 | 9.37% | 6.43% | 0.92x | 1.58x | CN¥-4.03 Million |
| 2018 | 6.89% | 4.36% | 0.90x | 1.75x | CN¥-20.49 Million |
| 2019 | 0.92% | 0.49% | 0.99x | 1.90x | CN¥-58.50 Million |
| 2020 | 3.44% | 1.64% | 0.99x | 2.12x | CN¥-43.96 Million |
| 2021 | -23.69% | -8.48% | 1.14x | 2.46x | CN¥-199.00 Million |
| 2022 | -25.04% | -7.85% | 0.98x | 3.24x | CN¥-173.64 Million |
| 2023 | 1.49% | 0.38% | 1.41x | 2.82x | CN¥-42.78 Million |
| 2024 | -3.69% | -0.86% | 1.34x | 3.18x | CN¥-61.56 Million |
Industry Comparison
This section compares Shandong Huifa Foodstuff Co'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 |
|---|---|---|---|---|
| Shandong Huifa Foodstuff Co (603536) | CN¥444.40 Million | 29.42% | 1.88x | $149.80 Million |
| 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 |