Xiangpiaopiao Food Co Ltd (603711) - Net Assets
Based on the latest financial reports, Xiangpiaopiao Food Co Ltd (603711) has net assets worth CN¥3.30 Billion CNY (≈ $483.09 Million 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¥4.72 Billion ≈ $691.10 Million USD) and total liabilities (CN¥1.42 Billion ≈ $208.01 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 Xiangpiaopiao Food Co Ltd strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.30 Billion |
| % of Total Assets | 69.9% |
| Annual Growth Rate | 18.89% |
| 5-Year Change | 23.08% |
| 10-Year Change | 250.27% |
| Growth Volatility | 14.69 |
Xiangpiaopiao Food Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Xiangpiaopiao Food Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Xiangpiaopiao Food Co Ltd market capitalisation.
Annual Net Assets for Xiangpiaopiao Food Co Ltd (2012–2024)
The table below shows the annual net assets of Xiangpiaopiao Food Co Ltd from 2012 to 2024. Also explore how fast is Xiangpiaopiao Food Co Ltd growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.49 Billion ≈ $511.21 Million |
+4.24% |
| 2023-12-31 | CN¥3.35 Billion ≈ $490.42 Million |
+7.27% |
| 2022-12-31 | CN¥3.12 Billion ≈ $457.19 Million |
+4.85% |
| 2021-12-31 | CN¥2.98 Billion ≈ $436.02 Million |
+4.98% |
| 2020-12-31 | CN¥2.84 Billion ≈ $415.35 Million |
+12.01% |
| 2019-12-31 | CN¥2.53 Billion ≈ $370.82 Million |
+14.40% |
| 2018-12-31 | CN¥2.22 Billion ≈ $324.14 Million |
+14.91% |
| 2017-12-31 | CN¥1.93 Billion ≈ $282.08 Million |
+52.52% |
| 2016-12-31 | CN¥1.26 Billion ≈ $184.94 Million |
+26.72% |
| 2015-12-31 | CN¥997.39 Million ≈ $145.95 Million |
+25.65% |
| 2014-12-31 | CN¥793.80 Million ≈ $116.16 Million |
+30.45% |
| 2013-12-31 | CN¥608.53 Million ≈ $89.05 Million |
+38.93% |
| 2012-12-31 | CN¥438.00 Million ≈ $64.09 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Xiangpiaopiao 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 504.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.19 Billion | 62.80% |
| Common Stock | CN¥412.26 Million | 11.80% |
| Other Components | CN¥887.76 Million | 25.40% |
| Total Equity | CN¥3.49 Billion | 100.00% |
Xiangpiaopiao Food Co Ltd Competitors by Market Cap
The table below lists competitors of Xiangpiaopiao Food Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xinjiang Beixin Road&Bridge Group Co Ltd
SHE:002307
|
$728.63 Million |
|
Great Southern Bancorp Inc
NASDAQ:GSBC
|
$728.75 Million |
|
Paysign Inc
NASDAQ:PAYS
|
$728.93 Million |
|
Sharda Cropchem Limited
NSE:SHARDACROP
|
$729.19 Million |
|
CyberPower Systems Inc
TW:3617
|
$728.47 Million |
|
Ottogi
KO:007310
|
$728.37 Million |
|
Thermador Groupe SA
PA:THEP
|
$728.15 Million |
|
Team Group Inc
TW:4967
|
$728.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xiangpiaopiao Food Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,349,392,231 to 3,494,451,049, a change of 145,058,818 (4.3%).
- Net income of 253,191,562 contributed positively to equity growth.
- Dividend payments of 153,865,848 reduced retained earnings.
- Other factors increased equity by 45,733,104.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥253.19 Million | +7.25% |
| Dividends Paid | CN¥153.87 Million | -4.4% |
| Other Changes | CN¥45.73 Million | +1.31% |
| Total Change | CN¥- | 4.33% |
Book Value vs Market Value Analysis
This analysis compares Xiangpiaopiao 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: 1.41x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 9.94x to 1.41x 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¥1.21 | CN¥12.06 | x |
| 2013-12-31 | CN¥1.69 | CN¥12.06 | x |
| 2014-12-31 | CN¥2.19 | CN¥12.06 | x |
| 2015-12-31 | CN¥2.79 | CN¥12.06 | x |
| 2016-12-31 | CN¥3.51 | CN¥12.06 | x |
| 2017-12-31 | CN¥5.33 | CN¥12.06 | x |
| 2018-12-31 | CN¥5.56 | CN¥12.06 | x |
| 2019-12-31 | CN¥6.34 | CN¥12.06 | x |
| 2020-12-31 | CN¥7.05 | CN¥12.06 | x |
| 2021-12-31 | CN¥7.25 | CN¥12.06 | x |
| 2022-12-31 | CN¥7.60 | CN¥12.06 | x |
| 2023-12-31 | CN¥8.13 | CN¥12.06 | x |
| 2024-12-31 | CN¥8.56 | CN¥12.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xiangpiaopiao 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): 7.25%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.70%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.39x
- Recent ROE (7.25%) is below the historical average (16.79%), 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 | 38.85% | 8.84% | 1.48x | 2.98x | CN¥126.38 Million |
| 2013 | 30.26% | 8.76% | 1.49x | 2.31x | CN¥123.31 Million |
| 2014 | 23.34% | 8.85% | 1.34x | 1.97x | CN¥105.89 Million |
| 2015 | 20.44% | 10.45% | 1.16x | 1.68x | CN¥104.17 Million |
| 2016 | 21.05% | 11.14% | 1.10x | 1.72x | CN¥139.72 Million |
| 2017 | 13.89% | 10.14% | 0.94x | 1.46x | CN¥75.00 Million |
| 2018 | 14.21% | 9.68% | 0.97x | 1.51x | CN¥93.19 Million |
| 2019 | 13.71% | 8.73% | 1.02x | 1.55x | CN¥94.00 Million |
| 2020 | 12.63% | 9.53% | 0.79x | 1.67x | CN¥74.52 Million |
| 2021 | 7.47% | 6.42% | 0.69x | 1.68x | CN¥-75.20 Million |
| 2022 | 6.85% | 6.84% | 0.62x | 1.62x | CN¥-98.29 Million |
| 2023 | 8.37% | 7.73% | 0.69x | 1.56x | CN¥-54.64 Million |
| 2024 | 7.25% | 7.70% | 0.67x | 1.39x | CN¥-96.25 Million |
Industry Comparison
This section compares Xiangpiaopiao 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: $1,256,915,626
- Average return on equity (ROE) among peers: 5.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xiangpiaopiao Food Co Ltd (603711) | CN¥3.30 Billion | 38.85% | 0.43x | $728.62 Million |
| Shenzhen Shenbao Industrial Co Ltd (000019) | $280.57 Million | 10.76% | 0.55x | $1.12 Billion |
| Hainan Pearl River Holdings Co Ltd (000505) | $399.64 Million | -9.56% | 0.79x | $656.76 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $5.03 Billion | 9.32% | 1.05x | $251.15 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $369.39 Million | 4.26% | 1.10x | $570.68 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $796.52 Million | 0.36% | 0.09x | $556.78 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $2.73 Billion | 20.55% | 0.47x | $11.85 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $28.88 Million | 16.61% | 5.34x | $462.74 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $1.22 Billion | 11.05% | 0.49x | $476.01 Million |
| Qingdao Foods Co Ltd (001219) | $273.68 Million | 14.03% | 0.19x | $364.07 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $1.44 Billion | -20.73% | 1.27x | $593.38 Million |
About Xiangpiaopiao Food Co Ltd
XIANGPIAOPIAO Food Co.,Ltd researches, develops, produces, and sells milk tea beverage products in China. It offers liquid milk tea, brewed milk tea, boxed milk tea, cup fruit tea, Hong Kong-style tea, ready-to-drink milk tea, and other products under the Xiang Piao Piao Senpure, Meco, and LAN Fong Yuen brands. The company was founded in 2005 and is based in Huzhou, China.