Shenyang Toly Bread Co Ltd
Toly Bread Co.,Ltd. engages in the production and sales of bread, pastries, moon cakes, and other products in China. The company was formerly known as Shenyang Toly Bread Co., Ltd. and changed its name to Toly Bread Co.,Ltd. in March 2017. Toly Bread Co.,Ltd. was founded in 1997 and is based in Shenyang, China.
Shenyang Toly Bread Co Ltd (603866) - Net Assets
Latest net assets as of September 2025: CN¥5.22 Billion CNY
Based on the latest financial reports, Shenyang Toly Bread Co Ltd (603866) has net assets worth CN¥5.22 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥7.31 Billion) and total liabilities (CN¥2.09 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.22 Billion |
| % of Total Assets | 71.41% |
| Annual Growth Rate | 19.05% |
| 5-Year Change | 6.2% |
| 10-Year Change | 174.58% |
| Growth Volatility | 22.82 |
Shenyang Toly Bread Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Shenyang Toly Bread Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shenyang Toly Bread Co Ltd (2011–2024)
The table below shows the annual net assets of Shenyang Toly Bread Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥5.13 Billion | +0.89% |
| 2023-12-31 | CN¥5.09 Billion | +1.21% |
| 2022-12-31 | CN¥5.03 Billion | +1.85% |
| 2021-12-31 | CN¥4.94 Billion | +2.12% |
| 2020-12-31 | CN¥4.83 Billion | +29.11% |
| 2019-12-31 | CN¥3.74 Billion | +9.40% |
| 2018-12-31 | CN¥3.42 Billion | +8.42% |
| 2017-12-31 | CN¥3.16 Billion | +53.40% |
| 2016-12-31 | CN¥2.06 Billion | +10.06% |
| 2015-12-31 | CN¥1.87 Billion | +80.06% |
| 2014-12-31 | CN¥1.04 Billion | +14.84% |
| 2013-12-31 | CN¥903.94 Million | +27.43% |
| 2012-12-31 | CN¥709.36 Million | +33.41% |
| 2011-12-31 | CN¥531.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shenyang Toly Bread 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 346.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.58 Billion | 30.72% |
| Common Stock | CN¥1.60 Billion | 31.17% |
| Other Components | CN¥1.96 Billion | 38.11% |
| Total Equity | CN¥5.13 Billion | 100.00% |
Shenyang Toly Bread Co Ltd Competitors by Market Cap
The table below lists competitors of Shenyang Toly Bread Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aveanna Healthcare Holdings Inc
NASDAQ:AVAH
|
$504.99 Million |
|
Wolfspeed, Inc.
NYSE:WOLF
|
$505.06 Million |
|
IRISH RES.PPTYS REIT
F:IRES
|
$505.08 Million |
|
PMMFF
PINK:PMMFF
|
$505.21 Million |
|
First Resources Limited
PINK:FTROF
|
$504.68 Million |
|
Tungkong Inc
SHE:002117
|
$504.60 Million |
|
Park Aerospace Corp
NYSE:PKE
|
$504.47 Million |
|
Fujian Zhangzhou Development Co Ltd
SHE:000753
|
$504.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenyang Toly Bread Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,087,112,957 to 5,132,483,823, a change of 45,370,866 (0.9%).
- Net income of 522,083,973 contributed positively to equity growth.
- Dividend payments of 515,058,677 reduced retained earnings.
- Other comprehensive income decreased equity by 586,220,695.
- Other factors increased equity by 624,566,265.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥522.08 Million | +10.17% |
| Dividends Paid | CN¥515.06 Million | -10.04% |
| Other Comprehensive Income | CN¥-586.22 Million | -11.42% |
| Other Changes | CN¥624.57 Million | +12.17% |
| Total Change | CN¥- | 0.89% |
Book Value vs Market Value Analysis
This analysis compares Shenyang Toly Bread 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: 1.67x
- 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 13.45x to 1.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.40 | CN¥5.35 | x |
| 2012-12-31 | CN¥0.53 | CN¥5.35 | x |
| 2013-12-31 | CN¥0.68 | CN¥5.35 | x |
| 2014-12-31 | CN¥0.77 | CN¥5.35 | x |
| 2015-12-31 | CN¥1.41 | CN¥5.35 | x |
| 2016-12-31 | CN¥1.39 | CN¥5.35 | x |
| 2017-12-31 | CN¥2.13 | CN¥5.35 | x |
| 2018-12-31 | CN¥2.65 | CN¥5.35 | x |
| 2019-12-31 | CN¥2.42 | CN¥5.35 | x |
| 2020-12-31 | CN¥3.10 | CN¥5.35 | x |
| 2021-12-31 | CN¥3.09 | CN¥5.35 | x |
| 2022-12-31 | CN¥3.15 | CN¥5.35 | x |
| 2023-12-31 | CN¥3.18 | CN¥5.35 | x |
| 2024-12-31 | CN¥3.21 | CN¥5.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenyang Toly Bread 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): 10.17%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.58%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 1.38x
- Recent ROE (10.17%) is below the historical average (19.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 27.43% | 12.19% | 1.63x | 1.38x | CN¥92.65 Million |
| 2012 | 30.33% | 14.09% | 1.79x | 1.21x | CN¥144.22 Million |
| 2013 | 28.17% | 14.48% | 1.68x | 1.16x | CN¥164.21 Million |
| 2014 | 26.29% | 13.26% | 1.67x | 1.19x | CN¥169.14 Million |
| 2015 | 18.56% | 13.54% | 1.20x | 1.15x | CN¥160.04 Million |
| 2016 | 21.17% | 13.18% | 1.40x | 1.15x | CN¥229.83 Million |
| 2017 | 16.26% | 12.58% | 1.16x | 1.12x | CN¥197.70 Million |
| 2018 | 18.77% | 13.29% | 1.24x | 1.14x | CN¥300.01 Million |
| 2019 | 18.26% | 12.11% | 1.09x | 1.39x | CN¥309.04 Million |
| 2020 | 18.27% | 14.81% | 1.05x | 1.18x | CN¥399.56 Million |
| 2021 | 15.47% | 12.05% | 1.05x | 1.22x | CN¥269.76 Million |
| 2022 | 12.73% | 9.57% | 1.01x | 1.32x | CN¥137.27 Million |
| 2023 | 11.28% | 8.49% | 0.96x | 1.39x | CN¥65.33 Million |
| 2024 | 10.17% | 8.58% | 0.86x | 1.38x | CN¥8.84 Million |
Industry Comparison
This section compares Shenyang Toly Bread Co Ltd's net assets metrics with peer companies in the Grocery Stores industry.
Industry Context
- Industry: Grocery Stores
- Average net assets among peers: $1,366,613,786
- Average return on equity (ROE) among peers: 6.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenyang Toly Bread Co Ltd (603866) | CN¥5.22 Billion | 27.43% | 0.40x | $504.95 Million |
| Renrenle Commercial Group Co Ltd (002336) | $1.77 Billion | -30.44% | 1.97x | $5.26 Million |
| Sanjiang Shopping Club Co Ltd (601116) | $1.64 Billion | 6.64% | 0.69x | $377.13 Million |
| Shanghai Laiyifen Co Ltd (603777) | $1.74 Billion | -4.34% | 0.82x | $215.35 Million |
| Ganso Co Ltd (603886) | $325.57 Million | 54.71% | 1.38x | $175.53 Million |