Shandong Huifa Foodstuff Co (603536) - Net Assets
Based on the latest financial reports, Shandong Huifa Foodstuff Co (603536) has net assets worth CN¥379.61 Million CNY (≈ $55.55 Million 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¥1.19 Billion ≈ $174.00 Million USD) and total liabilities (CN¥809.48 Million ≈ $118.45 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 603536 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¥379.61 Million |
| % of Total Assets | 31.92% |
| Annual Growth Rate | 3.98% |
| 5-Year Change | -32.36% |
| 10-Year Change | N/A |
| Growth Volatility | 18.59 |
Shandong Huifa Foodstuff Co - Net Assets Trend (2012–2025)
This chart illustrates how Shandong Huifa Foodstuff Co's net assets have evolved over time, based on quarterly financial data. See Shandong Huifa Foodstuff Co defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shandong Huifa Foodstuff Co (2012–2025)
The table below shows the annual net assets of Shandong Huifa Foodstuff Co from 2012 to 2025. For live valuation and market cap data, see market value of Shandong Huifa Foodstuff Co.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥408.38 Million ≈ $59.76 Million |
-14.69% |
| 2024-12-31 | CN¥478.69 Million ≈ $70.05 Million |
-8.59% |
| 2023-12-31 | CN¥523.65 Million ≈ $76.63 Million |
+3.17% |
| 2022-12-31 | CN¥507.57 Million ≈ $74.27 Million |
-15.93% |
| 2021-12-31 | CN¥603.76 Million ≈ $88.35 Million |
-11.15% |
| 2020-12-31 | CN¥679.54 Million ≈ $99.44 Million |
+4.62% |
| 2019-12-31 | CN¥649.56 Million ≈ $95.05 Million |
-1.42% |
| 2018-12-31 | CN¥658.93 Million ≈ $96.42 Million |
+2.36% |
| 2017-12-31 | CN¥643.74 Million ≈ $94.20 Million |
+57.63% |
| 2016-12-31 | CN¥408.40 Million ≈ $59.76 Million |
+8.88% |
| 2015-12-31 | CN¥375.10 Million ≈ $54.89 Million |
+8.97% |
| 2014-12-31 | CN¥344.22 Million ≈ $50.37 Million |
+15.64% |
| 2013-12-31 | CN¥297.68 Million ≈ $43.56 Million |
+21.02% |
| 2012-12-31 | CN¥245.98 Million ≈ $36.00 Million |
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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 181.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥444.76 Million | 117.24% |
| Total Equity | CN¥379.36 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 |
|---|---|
|
Taiwan Kong King Co Ltd
TWO:3093
|
$297.26 Million |
|
Pss Co Ltd
TW:6914
|
$297.32 Million |
|
Polyplex (Thailand) Public Company Limited
BK:PTL
|
$297.35 Million |
|
Nantong Acetic Acid Chemical Co Ltd
SHG:603968
|
$297.42 Million |
|
Lyell Immunopharma Inc
NASDAQ:LYEL
|
$297.20 Million |
|
Genesyslogic
TWO:6104
|
$297.15 Million |
|
Newron Pharmaceuticals SpA
SW:NWRN
|
$297.11 Million |
|
Sinomach General Machinery Science Technology Co Ltd
SHG:600444
|
$296.97 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 2024 to 2025, total equity changed from 449,752,491 to 379,359,503, a change of -70,392,988 (-15.7%).
- Net loss of 69,551,909 reduced equity.
- Dividend payments of 16,720,829 reduced retained earnings.
- Other comprehensive income decreased equity by 29,128,870.
- Other factors increased equity by 45,008,620.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-69.55 Million | -18.33% |
| Dividends Paid | CN¥16.72 Million | -4.41% |
| Other Comprehensive Income | CN¥-29.13 Million | -7.68% |
| Other Changes | CN¥45.01 Million | +11.86% |
| Total Change | CN¥- | -15.65% |
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: 5.35x
- 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 6.04x to 5.35x 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¥8.38 | x |
| 2013-12-31 | CN¥1.68 | CN¥8.38 | x |
| 2014-12-31 | CN¥1.96 | CN¥8.38 | x |
| 2015-12-31 | CN¥2.11 | CN¥8.38 | x |
| 2016-12-31 | CN¥2.33 | CN¥8.38 | x |
| 2017-12-31 | CN¥2.97 | CN¥8.38 | x |
| 2018-12-31 | CN¥2.80 | CN¥8.38 | x |
| 2019-12-31 | CN¥3.10 | CN¥8.38 | x |
| 2020-12-31 | CN¥2.90 | CN¥8.38 | x |
| 2021-12-31 | CN¥2.53 | CN¥8.38 | x |
| 2022-12-31 | CN¥2.07 | CN¥8.38 | x |
| 2023-12-31 | CN¥2.01 | CN¥8.38 | x |
| 2024-12-31 | CN¥1.90 | CN¥8.38 | x |
| 2025-12-31 | CN¥1.57 | CN¥8.38 | 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): -18.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.93%
- • Asset Turnover: 1.16x
- • Equity Multiplier: 3.20x
- Recent ROE (-18.33%) is below the historical average (3.11%), 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 | -23.34% | -8.35% | 1.14x | 2.46x | CN¥-196.95 Million |
| 2022 | -24.19% | -7.58% | 0.98x | 3.24x | CN¥-169.42 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 |
| 2025 | -18.33% | -4.93% | 1.16x | 3.20x | CN¥-107.49 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: $2,082,192,569
- Average return on equity (ROE) among peers: 2.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Huifa Foodstuff Co (603536) | CN¥379.61 Million | 29.42% | 2.13x | $297.22 Million |
| Shenzhen Shenbao Industrial Co Ltd (000019) | $372.94 Million | 1.53% | 0.77x | $992.25 Million |
| Hainan Pearl River Holdings Co Ltd (000505) | $399.64 Million | -9.56% | 0.79x | $515.34 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $135.06 Million | 5.79% | 0.97x | $206.92 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $199.49 Million | -32.62% | 2.81x | $473.73 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $796.52 Million | 0.36% | 0.09x | $400.45 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $16.36 Billion | 24.69% | 0.34x | $11.55 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $767.56 Million | 1.47% | 1.57x | $388.25 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $405.77 Million | 18.27% | 1.07x | $599.98 Million |
| Qingdao Foods Co Ltd (001219) | $923.11 Million | 9.90% | 0.10x | $351.80 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $461.01 Million | 8.31% | 0.83x | $507.38 Million |
About 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