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¥7.95 Billion CNY (≈ $1.16 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¥18.80 Billion ≈ $2.75 Billion USD) and total liabilities (CN¥10.85 Billion ≈ $1.59 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 603609 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¥7.95 Billion |
| % of Total Assets | 42.3% |
| Annual Growth Rate | 13.73% |
| 5-Year Change | 5.8% |
| 10-Year Change | 139.32% |
| Growth Volatility | 14.49 |
LiaonWellhope Agri-Tech Co Ltd - Net Assets Trend (2009–2025)
This chart illustrates how LiaonWellhope Agri-Tech Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 603609 market cap overview.
Annual Net Assets for LiaonWellhope Agri-Tech Co Ltd (2009–2025)
The table below shows the annual net assets of LiaonWellhope Agri-Tech Co Ltd from 2009 to 2025. Also explore LiaonWellhope Agri-Tech Co Ltd equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥7.95 Billion ≈ $1.16 Billion |
+4.89% |
| 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 |
-- |
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 624.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.73 Billion | 71.42% |
| Other Components | CN¥1.89 Billion | 28.58% |
| Total Equity | CN¥6.62 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 |
|---|---|
|
Fujian Furi Electronics Co Ltd
SHG:600203
|
$859.05 Million |
|
Flowco Holdings Inc.
NYSE:FLOC
|
$859.07 Million |
|
Gujarat Narmada Valley Fertilizers and Chemicals Limited
NSE:GNFC
|
$859.07 Million |
|
Yunnan Coal & Energy Co Ltd
SHG:600792
|
$859.18 Million |
|
Ryerson Holding Corp
NYSE:RYI
|
$858.13 Million |
|
Jiangsu Changbao Steeltube Co Ltd
SHE:002478
|
$858.12 Million |
|
Wave Life Sciences Ltd
NASDAQ:WVE
|
$858.11 Million |
|
Camden National Corporation
NASDAQ:CAC
|
$857.91 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 2024 to 2025, total equity changed from 6,695,188,322 to 6,619,056,056, a change of -76,132,266 (-1.1%).
- Net income of 52,516,855 contributed positively to equity growth.
- Dividend payments of 178,222,925 reduced retained earnings.
- Other comprehensive income decreased equity by 14,312,491.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥52.52 Million | +0.79% |
| Dividends Paid | CN¥178.22 Million | -2.69% |
| Other Comprehensive Income | CN¥-14.31 Million | -0.22% |
| Other Changes | CN¥63.89 Million | +0.97% |
| Total Change | CN¥- | -1.14% |
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: 0.89x
- 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 5.02x to 0.89x 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¥6.49 | x |
| 2010-12-31 | CN¥1.56 | CN¥6.49 | x |
| 2011-12-31 | CN¥1.94 | CN¥6.49 | x |
| 2012-12-31 | CN¥2.20 | CN¥6.49 | x |
| 2013-12-31 | CN¥2.43 | CN¥6.49 | x |
| 2014-12-31 | CN¥2.86 | CN¥6.49 | x |
| 2015-12-31 | CN¥3.22 | CN¥6.49 | x |
| 2016-12-31 | CN¥3.59 | CN¥6.49 | x |
| 2017-12-31 | CN¥4.10 | CN¥6.49 | x |
| 2018-12-31 | CN¥4.61 | CN¥6.49 | x |
| 2019-12-31 | CN¥6.37 | CN¥6.49 | x |
| 2020-12-31 | CN¥7.40 | CN¥6.49 | x |
| 2021-12-31 | CN¥7.06 | CN¥6.49 | x |
| 2022-12-31 | CN¥7.76 | CN¥6.49 | x |
| 2023-12-31 | CN¥7.29 | CN¥6.49 | x |
| 2024-12-31 | CN¥7.43 | CN¥6.49 | x |
| 2025-12-31 | CN¥7.25 | CN¥6.49 | 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): 0.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.15%
- • Asset Turnover: 1.97x
- • Equity Multiplier: 2.75x
- Recent ROE (0.79%) is below the historical average (11.72%), 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 |
| 2025 | 0.79% | 0.15% | 1.97x | 2.75x | CN¥-609.39 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: $5,800,225,960
- Average return on equity (ROE) among peers: 8.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LiaonWellhope Agri-Tech Co Ltd (603609) | CN¥7.95 Billion | 24.78% | 1.36x | $858.54 Million |
| ShenZhen Kondarl Group Co Ltd (000048) | $-325.84 Million | 0.00% | 0.00x | $1.57 Billion |
| Guangdong Guanghong Holdings Co Ltd (000529) | $-472.98 Million | 0.00% | 0.00x | $414.32 Million |
| Hunan Zhenghong Science and Technology Develop Co Ltd (000702) | $414.55 Million | -23.21% | 1.43x | $282.52 Million |
| Hefei Fengle Seed Co Ltd (000713) | $1.12 Billion | 8.62% | 0.69x | $747.55 Million |
| Luoniushan Co Ltd (000735) | $1.57 Billion | 5.18% | 0.35x | $989.11 Million |
| New Hope Liuhe Co Ltd (000876) | $51.37 Billion | 9.62% | 1.22x | $4.81 Billion |
| Yuan Longping High-tech Agriculture Co Ltd (000998) | $2.45 Billion | 20.01% | 1.05x | $1.89 Billion |
| Dongrui Food Group Co Ltd (001201) | $326.81 Million | 2.47% | 0.90x | $531.12 Million |
| Jiangxi Sunshine Dairy Co Ltd (001318) | $1.41 Billion | 8.10% | 0.05x | $464.50 Million |
| Shandong Denghai Seeds Co Ltd (002041) | $134.07 Million | 50.25% | 0.99x | $1.26 Billion |
About LiaonWellhope Agri-Tech Co Ltd
Wellhope Foods Co., Ltd. produces and sells feed products for swine, poultry, ruminant animal, and other animals in China and internationally. The company is involved in broiler breeding, hatching, feed production, commercial broiler breeding, broiler slaughtering and processing, and deep processing of prepared and cooked foods. It also engages in breeding and sales of breeding pigs, sales of com… Read more