Qingdao Richen Food Co Ltd (603755) - Net Assets
Based on the latest financial reports, Qingdao Richen Food Co Ltd (603755) has net assets worth CN¥749.16 Million CNY (≈ $109.63 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¥1.10 Billion ≈ $160.87 Million USD) and total liabilities (CN¥350.17 Million ≈ $51.24 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 Qingdao Richen Food Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥749.16 Million |
| % of Total Assets | 68.15% |
| Annual Growth Rate | 21.56% |
| 5-Year Change | 19.53% |
| 10-Year Change | 529.7% |
| Growth Volatility | 55.02 |
Qingdao Richen Food Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Qingdao Richen Food Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Qingdao Richen Food Co Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for Qingdao Richen Food Co Ltd (2014–2024)
The table below shows the annual net assets of Qingdao Richen Food Co Ltd from 2014 to 2024. For live valuation and market cap data, see 603755 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥727.90 Million ≈ $106.51 Million |
+3.74% |
| 2023-12-31 | CN¥701.64 Million ≈ $102.67 Million |
+2.19% |
| 2022-12-31 | CN¥686.58 Million ≈ $100.47 Million |
+3.89% |
| 2021-12-31 | CN¥660.91 Million ≈ $96.71 Million |
+8.53% |
| 2020-12-31 | CN¥608.97 Million ≈ $89.11 Million |
+4.64% |
| 2019-12-31 | CN¥581.96 Million ≈ $85.16 Million |
+192.40% |
| 2018-12-31 | CN¥199.03 Million ≈ $29.12 Million |
+21.20% |
| 2017-12-31 | CN¥164.22 Million ≈ $24.03 Million |
+23.30% |
| 2016-12-31 | CN¥133.18 Million ≈ $19.49 Million |
+15.22% |
| 2015-12-31 | CN¥115.59 Million ≈ $16.92 Million |
+11.91% |
| 2014-12-31 | CN¥103.29 Million ≈ $15.11 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Qingdao Richen 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 2027.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥262.81 Million | 36.10% |
| Common Stock | CN¥98.61 Million | 13.55% |
| Other Components | CN¥366.48 Million | 50.35% |
| Total Equity | CN¥727.90 Million | 100.00% |
Qingdao Richen Food Co Ltd Competitors by Market Cap
The table below lists competitors of Qingdao Richen Food Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sunlour Pigment CO.LTD.
SHE:301036
|
$417.48 Million |
|
SMS Electric Co Ltd Zhengzhou
SHE:002857
|
$417.49 Million |
|
BRBI BR Partners S.A. ADSs
NASDAQ:BRBI
|
$417.62 Million |
|
Beijing E-techstar Co Ltd
SHE:300513
|
$417.72 Million |
|
Luxfer Holdings PLC
NYSE:LXFR
|
$417.39 Million |
|
CHEMTRONICS.CO.Ltd
KQ:089010
|
$417.37 Million |
|
Strata Critical Medical, Inc.
NASDAQ:SRTA
|
$417.35 Million |
|
Okea ASA
OL:OKEA
|
$417.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qingdao Richen Food Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 701,642,256 to 727,899,279, a change of 26,257,023 (3.7%).
- Net income of 63,857,720 contributed positively to equity growth.
- Dividend payments of 2,430,108 reduced retained earnings.
- Share repurchases of 30,167,647 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥63.86 Million | +8.77% |
| Dividends Paid | CN¥2.43 Million | -0.33% |
| Share Repurchases | CN¥30.17 Million | -4.14% |
| Other Changes | CN¥-5.00 Million | -0.69% |
| Total Change | CN¥- | 3.74% |
Book Value vs Market Value Analysis
This analysis compares Qingdao Richen 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: 3.88x
- 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 20.79x to 3.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥1.39 | CN¥28.93 | x |
| 2015-12-31 | CN¥1.56 | CN¥28.93 | x |
| 2016-12-31 | CN¥1.80 | CN¥28.93 | x |
| 2017-12-31 | CN¥2.23 | CN¥28.93 | x |
| 2018-12-31 | CN¥2.68 | CN¥28.93 | x |
| 2019-12-31 | CN¥5.90 | CN¥28.93 | x |
| 2020-12-31 | CN¥6.18 | CN¥28.93 | x |
| 2021-12-31 | CN¥6.70 | CN¥28.93 | x |
| 2022-12-31 | CN¥6.96 | CN¥28.93 | x |
| 2023-12-31 | CN¥7.09 | CN¥28.93 | x |
| 2024-12-31 | CN¥7.45 | CN¥28.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qingdao Richen 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): 8.77%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.78%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.38x
- Recent ROE (8.77%) is below the historical average (18.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 22.20% | 18.67% | 0.90x | 1.33x | CN¥12.57 Million |
| 2015 | 22.52% | 19.85% | 0.83x | 1.36x | CN¥14.50 Million |
| 2016 | 24.48% | 20.74% | 0.91x | 1.29x | CN¥19.28 Million |
| 2017 | 34.12% | 26.84% | 1.03x | 1.24x | CN¥39.62 Million |
| 2018 | 35.07% | 29.39% | 0.97x | 1.23x | CN¥49.90 Million |
| 2019 | 14.65% | 29.85% | 0.45x | 1.09x | CN¥27.08 Million |
| 2020 | 13.34% | 30.86% | 0.37x | 1.17x | CN¥20.35 Million |
| 2021 | 12.30% | 24.01% | 0.41x | 1.25x | CN¥15.20 Million |
| 2022 | 7.44% | 16.55% | 0.33x | 1.34x | CN¥-17.60 Million |
| 2023 | 8.04% | 15.70% | 0.37x | 1.37x | CN¥-13.73 Million |
| 2024 | 8.77% | 15.78% | 0.40x | 1.38x | CN¥-8.93 Million |
Industry Comparison
This section compares Qingdao Richen 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: $2,994,389,347
- Average return on equity (ROE) among peers: 11.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qingdao Richen Food Co Ltd (603755) | CN¥749.16 Million | 22.20% | 0.47x | $417.47 Million |
| Shenzhen Shenbao Industrial Co Ltd (000019) | $296.80 Million | 11.46% | 0.53x | $1.26 Billion |
| Hainan Pearl River Holdings Co Ltd (000505) | $585.78 Million | -31.84% | 1.22x | $648.05 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $76.25 Million | 11.36% | 0.86x | $304.85 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $2.71 Billion | 2.87% | 0.70x | $570.04 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $256.68 Million | 54.64% | 0.92x | $499.50 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $23.15 Billion | 21.02% | 0.47x | $14.05 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $628.09 Million | 8.48% | 2.86x | $440.17 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $1.82 Billion | 4.59% | 0.27x | $687.56 Million |
| Qingdao Foods Co Ltd (001219) | $299.34 Million | 12.12% | 0.20x | $447.10 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $117.09 Million | 24.08% | 1.95x | $584.78 Million |
About Qingdao Richen Food Co Ltd
Qingdao Richen Food Co.,Ltd. engages in the research and development, production, and sale of compound seasoning and condiments for food processing and catering companies in China. The company offers sauces, liquid and powder seasonings, roast chicken seasoning, coating flour, and coating paste, as well as food additive products that include compound acidity regulator, compound moisture retaining… Read more