LiaonWellhope Agri-Tech Co Ltd (603609) - Net Assets
Based on the latest financial reports, LiaonWellhope Agri-Tech Co Ltd (603609) has net assets worth CN¥7.81 Billion CNY (≈ $1.14 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¥18.64 Billion ≈ $2.73 Billion USD) and total liabilities (CN¥10.83 Billion ≈ $1.58 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 how resilient are LiaonWellhope Agri-Tech Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥7.81 Billion |
| % of Total Assets | 41.92% |
| Annual Growth Rate | 14.34% |
| 5-Year Change | -4.1% |
| 10-Year Change | 159.15% |
| Growth Volatility | 14.74 |
LiaonWellhope Agri-Tech Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how LiaonWellhope Agri-Tech Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 603609 total assets for the complete picture of this company's asset base.
Annual Net Assets for LiaonWellhope Agri-Tech Co Ltd (2009–2024)
The table below shows the annual net assets of LiaonWellhope Agri-Tech Co Ltd from 2009 to 2024. For live valuation and market cap data, see market value of LiaonWellhope Agri-Tech Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥7.58 Billion ≈ $1.11 Billion |
-0.50% |
| 2023-12-31 | CN¥7.62 Billion ≈ $1.11 Billion |
-8.87% |
| 2022-12-31 | CN¥8.36 Billion ≈ $1.22 Billion |
+11.24% |
| 2021-12-31 | CN¥7.51 Billion ≈ $1.10 Billion |
-4.92% |
| 2020-12-31 | CN¥7.90 Billion ≈ $1.16 Billion |
+21.57% |
| 2019-12-31 | CN¥6.50 Billion ≈ $951.08 Million |
+52.36% |
| 2018-12-31 | CN¥4.27 Billion ≈ $624.25 Million |
+13.87% |
| 2017-12-31 | CN¥3.75 Billion ≈ $548.20 Million |
+12.80% |
| 2016-12-31 | CN¥3.32 Billion ≈ $485.99 Million |
+13.58% |
| 2015-12-31 | CN¥2.92 Billion ≈ $427.87 Million |
+13.55% |
| 2014-12-31 | CN¥2.58 Billion ≈ $376.81 Million |
+35.57% |
| 2013-12-31 | CN¥1.90 Billion ≈ $277.95 Million |
+9.91% |
| 2012-12-31 | CN¥1.73 Billion ≈ $252.88 Million |
+13.30% |
| 2011-12-31 | CN¥1.53 Billion ≈ $223.21 Million |
+25.89% |
| 2010-12-31 | CN¥1.21 Billion ≈ $177.30 Million |
+19.36% |
| 2009-12-31 | CN¥1.02 Billion ≈ $148.55 Million |
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Equity Component Analysis
This analysis shows how different components contribute to LiaonWellhope Agri-Tech 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 624.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.72 Billion | 70.57% |
| Common Stock | CN¥919.43 Million | 13.73% |
| Other Comprehensive Income | CN¥14.31 Million | 0.21% |
| Other Components | CN¥1.04 Billion | 15.48% |
| Total Equity | CN¥6.70 Billion | 100.00% |
LiaonWellhope Agri-Tech Co Ltd Competitors by Market Cap
The table below lists competitors of LiaonWellhope Agri-Tech Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Qinghai Jinrui Mineral Development Co Ltd
SHG:600714
|
$931.94 Million |
|
Guararapes Confecções S.A
SA:GUAR3
|
$932.14 Million |
|
Zee Entertainment Enterprises Limited
NSE:ZEEL
|
$932.19 Million |
|
Sagicor Financial Company
TO:SFC
|
$932.19 Million |
|
Israel Shipyards Ltd
TA:ISHI
|
$931.64 Million |
|
VNDIRECT Securities Corp
VN:VND
|
$931.19 Million |
|
Dalian Insulator Group Co Ltd
SHE:002606
|
$930.99 Million |
|
Jiangsu Huaxicun Co Ltd
SHE:000936
|
$930.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LiaonWellhope Agri-Tech Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,659,295,008 to 6,695,188,322, a change of 35,893,314 (0.5%).
- Net income of 342,468,147 contributed positively to equity growth.
- Dividend payments of 96,946,690 reduced retained earnings.
- Share repurchases of 310,000,000 reduced equity.
- Other comprehensive income decreased equity by 195,482,662.
- Other factors increased equity by 295,854,519.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥342.47 Million | +5.12% |
| Dividends Paid | CN¥96.95 Million | -1.45% |
| Share Repurchases | CN¥310.00 Million | -4.63% |
| Other Comprehensive Income | CN¥-195.48 Million | -2.92% |
| Other Changes | CN¥295.85 Million | +4.42% |
| Total Change | CN¥- | 0.54% |
Book Value vs Market Value Analysis
This analysis compares LiaonWellhope Agri-Tech 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: 0.94x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 5.43x to 0.94x 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¥1.29 | CN¥7.01 | x |
| 2010-12-31 | CN¥1.56 | CN¥7.01 | x |
| 2011-12-31 | CN¥1.94 | CN¥7.01 | x |
| 2012-12-31 | CN¥2.20 | CN¥7.01 | x |
| 2013-12-31 | CN¥2.43 | CN¥7.01 | x |
| 2014-12-31 | CN¥2.86 | CN¥7.01 | x |
| 2015-12-31 | CN¥3.22 | CN¥7.01 | x |
| 2016-12-31 | CN¥3.59 | CN¥7.01 | x |
| 2017-12-31 | CN¥4.10 | CN¥7.01 | x |
| 2018-12-31 | CN¥4.61 | CN¥7.01 | x |
| 2019-12-31 | CN¥6.37 | CN¥7.01 | x |
| 2020-12-31 | CN¥7.40 | CN¥7.01 | x |
| 2021-12-31 | CN¥7.06 | CN¥7.01 | x |
| 2022-12-31 | CN¥7.76 | CN¥7.01 | x |
| 2023-12-31 | CN¥7.29 | CN¥7.01 | x |
| 2024-12-31 | CN¥7.43 | CN¥7.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LiaonWellhope Agri-Tech 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): 5.12%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.05%
- • Asset Turnover: 2.19x
- • Equity Multiplier: 2.22x
- Recent ROE (5.12%) is below the historical average (12.40%), 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 | 24.78% | 4.62% | 2.68x | 2.00x | CN¥136.44 Million |
| 2010 | 17.49% | 3.41% | 2.62x | 1.96x | CN¥82.48 Million |
| 2011 | 19.62% | 3.72% | 2.86x | 1.84x | CN¥132.33 Million |
| 2012 | 15.17% | 2.93% | 2.67x | 1.94x | CN¥81.19 Million |
| 2013 | 10.14% | 2.04% | 2.41x | 2.06x | CN¥2.32 Million |
| 2014 | 10.48% | 2.72% | 2.50x | 1.54x | CN¥11.46 Million |
| 2015 | 11.80% | 3.24% | 2.36x | 1.54x | CN¥47.95 Million |
| 2016 | 14.20% | 3.60% | 2.30x | 1.72x | CN¥126.36 Million |
| 2017 | 13.89% | 3.44% | 2.29x | 1.77x | CN¥131.99 Million |
| 2018 | 14.33% | 3.50% | 2.27x | 1.80x | CN¥166.74 Million |
| 2019 | 21.05% | 6.74% | 1.94x | 1.61x | CN¥629.53 Million |
| 2020 | 18.29% | 5.19% | 2.05x | 1.72x | CN¥559.92 Million |
| 2021 | 1.83% | 0.40% | 2.27x | 2.01x | CN¥-527.91 Million |
| 2022 | 7.09% | 1.56% | 2.13x | 2.13x | CN¥-210.86 Million |
| 2023 | -6.86% | -1.27% | 2.41x | 2.24x | CN¥-1.12 Billion |
| 2024 | 5.12% | 1.05% | 2.19x | 2.22x | CN¥-327.05 Million |
Industry Comparison
This section compares LiaonWellhope Agri-Tech Co Ltd's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $2,085,992,089
- Average return on equity (ROE) among peers: 5.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LiaonWellhope Agri-Tech Co Ltd (603609) | CN¥7.81 Billion | 24.78% | 1.39x | $931.71 Million |
| ShenZhen Kondarl Group Co Ltd (000048) | $-178.39 Million | 0.00% | 0.00x | $1.14 Billion |
| Guangdong Guanghong Holdings Co Ltd (000529) | $773.26 Million | 15.03% | 0.74x | $483.52 Million |
| Hunan Zhenghong Science and Technology Develop Co Ltd (000702) | $536.23 Million | 5.66% | 1.09x | $361.65 Million |
| Hefei Fengle Seed Co Ltd (000713) | $1.62 Billion | 3.28% | 0.50x | $759.23 Million |
| Luoniushan Co Ltd (000735) | $1.81 Billion | 1.15% | 1.40x | $1.11 Billion |
| New Hope Liuhe Co Ltd (000876) | $1.37 Billion | 8.75% | 0.69x | $5.75 Billion |
| Yuan Longping High-tech Agriculture Co Ltd (000998) | $8.02 Billion | 1.42% | 1.98x | $1.97 Billion |
| Dongrui Food Group Co Ltd (001201) | $3.39 Billion | -1.93% | 0.79x | $499.06 Million |
| Jiangxi Sunshine Dairy Co Ltd (001318) | $1.41 Billion | 8.10% | 0.05x | $552.18 Million |
| Shandong Denghai Seeds Co Ltd (002041) | $2.10 Billion | 12.29% | 0.40x | $1.32 Billion |
About LiaonWellhope Agri-Tech Co Ltd
Wellhope Foods Co., Ltd. produces and sells feed products for pigs, poultry, ruminant animals, and other animals in China and internationally. The company involved in trading of live broiler and broiler parts products; finisher, piglet, and pig breeders; fish meal, soybean meal, and co-products of corn; amino acid, antioxidant, mold inhibitors, and vitamins, as well as trades products, such as va… Read more