Jiangsu Hengshun Vinegar Industry Co (SHSE:600305) Return-on-Tangible-Equity: 8.05% (As of Mar. 2026) — 17% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:600305 Jiangsu Hengshun Vinegar Industry Co Ltd SHSE:600305
83 GF Score
Price ¥7.07
GF Value ¥8.77
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Jiangsu Hengshun Vinegar Industry Co Return-on-Tangible-Equity?

Jiangsu Hengshun Vinegar Industry Co SHSE:600305 +2.17% 83 Return-on-Tangible-Equity is 8.05% as of Mar. 2026, which is 17% below its 10-year median of 9.74. GuruFocus rates SHSE:600305 with a GF Score™ of 83/100 and a GF Value™ of ¥8.77 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,880 Consumer Packaged Goods companies, Jiangsu Hengshun Vinegar Industry Co ranks worse than 61.97% on this metric.

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Jiangsu Hengshun Vinegar Industry Co's annualized net income for the quarter that ended in Mar. 2026 was ¥267 Mil. Jiangsu Hengshun Vinegar Industry Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥3,313 Mil. Therefore, Jiangsu Hengshun Vinegar Industry Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.05%.

The historical rank and industry rank for Jiangsu Hengshun Vinegar Industry Co's Return-on-Tangible-Equity or its related term are showing as below:

SHSE:600305' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.3   Med: 9.74   Max: 18.2
Current: 4.69

During the past 13 years, Jiangsu Hengshun Vinegar Industry Co's highest Return-on-Tangible-Equity was 18.20%. The lowest was 3.30%. And the median was 9.74%.

SHSE:600305's Return-on-Tangible-Equity is ranked worse than
61.97% of 1880 companies
in the Consumer Packaged Goods industry
Industry Median: 7.87 vs SHSE:600305: 4.69

Jiangsu Hengshun Vinegar Industry Co  (SHSE:600305) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Jiangsu Hengshun Vinegar Industry Co Return-on-Tangible-Equity Related Terms


Jiangsu Hengshun Vinegar Industry Co Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Jiangsu Hengshun Vinegar Industry Co's Return-on-Tangible-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Jiangsu Hengshun Vinegar Industry Co Return-on-Tangible-Equity Chart

Jiangsu Hengshun Vinegar Industry Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.47 6.70 3.30 3.97 4.42

Jiangsu Hengshun Vinegar Industry Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.96 6.65 3.83 0.23 8.05

SHSE:600305 vs KHC, GIS: Return-on-Tangible-Equity Comparison

For the Packaged Foods subindustry, Jiangsu Hengshun Vinegar Industry Co's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Jiangsu Hengshun Vinegar Industry Co Return-on-Tangible-Equity vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Jiangsu Hengshun Vinegar Industry Co's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Jiangsu Hengshun Vinegar Industry Co's Return-on-Tangible-Equity falls into.


SHSE:600305
83GF Score
Jiangsu Hengshun Vinegar Industry Co Ltd SHSE:600305
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jiangsu Hengshun Vinegar Industry Co Return-on-Tangible-Equity Calculation

Jiangsu Hengshun Vinegar Industry Co's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=143.638/( (3225.577+3277.254 )/ 2 )
=143.638/3251.4155
=4.42 %

Jiangsu Hengshun Vinegar Industry Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=266.612/( (3277.254+3349.366)/ 2 )
=266.612/3313.31
=8.05 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of 8.05% mean?
Jiangsu Hengshun Vinegar Industry Co (SHSE:600305) has a Return-on-Tangible-Equity of 8.05% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Jiangsu Hengshun Vinegar Industry Co and its competitors. This is 17% below median its historical median of 9.74. Over the past decade, Jiangsu Hengshun Vinegar Industry Co's Return-on-Tangible-Equity has ranged from 3.30 to 18.20. According to the industry distribution chart, Jiangsu Hengshun Vinegar Industry Co ranks #1165 out of 1880 companies in the Consumer Packaged Goods industry, placing it in the top 62%.
Is Jiangsu Hengshun Vinegar Industry Co's Return-on-Tangible-Equity too high?
Jiangsu Hengshun Vinegar Industry Co's current Return-on-Tangible-Equity of 8.05% is 17% below median its 10-year median of 9.74. Over the past 10 years, this metric has ranged from a low of 3.30 to a high of 18.20. The Consumer Packaged Goods industry median Return-on-Tangible-Equity is 7.87. Jiangsu Hengshun Vinegar Industry Co's value of 8.05% is 2.3% above this industry median. Based on the distribution chart, Jiangsu Hengshun Vinegar Industry Co ranks #1165 out of 1880 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Jiangsu Hengshun Vinegar Industry Co has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jiangsu Hengshun Vinegar Industry Co's Return-on-Tangible-Equity compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Jiangsu Hengshun Vinegar Industry Co ranks #1165 out of 1880 companies for Return-on-Tangible-Equity. This places Jiangsu Hengshun Vinegar Industry Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.87. Jiangsu Hengshun Vinegar Industry Co's value of 8.05% is 2.3% above this benchmark. Historically, Jiangsu Hengshun Vinegar Industry Co's own Return-on-Tangible-Equity has ranged from 3.30 to 18.20 over the past decade. While the company's 10-year median is 9.74 vs. the industry median of 7.87, Jiangsu Hengshun Vinegar Industry Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Consumer Packaged Goods company?
The median Return-on-Tangible-Equity among Consumer Packaged Goods companies is 7.87, based on 1,880 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Jiangsu Hengshun Vinegar Industry Co's current Return-on-Tangible-Equity of 8.05% is 2.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Jiangsu Hengshun Vinegar Industry Co and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Equity is 7.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangsu Hengshun Vinegar Industry Co's current Return-on-Tangible-Equity is 8.05%, which is 17% below median its own 10-year median of 9.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu Hengshun Vinegar Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu Hengshun Vinegar Industry Co (SHSE:600305) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥8.77, compared to a current price of ¥7.07 — trading 19.4% below its estimated fair value. The current Return-on-Tangible-Equity is 8.05%, which is 17% below median its 10-year median of 9.74 and 2.3% above the Consumer Packaged Goods industry median of 7.87. Jiangsu Hengshun Vinegar Industry Co's overall GF Score™ is 83/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Jiangsu Hengshun Vinegar Industry Co (SHSE:600305), the current Return-on-Tangible-Equity is 8.05% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Jiangsu Hengshun Vinegar Industry Co (SHSE:600305) Overvalued in 2026?

Based on GuruFocus' analysis, Jiangsu Hengshun Vinegar Industry Co stock appears to be undervalued. The current stock price of ¥7.07 is trading 19.4% below its estimated GF Value™ of ¥8.77. GuruFocus considers Jiangsu Hengshun Vinegar Industry Co to be Modestly Undervalued.

Key valuation signals for SHSE:600305:

  • Return-on-Tangible-Equity: 8.05% (17% below median its 10-year median of 9.74)
  • GF Value™: ¥8.77 vs. price of ¥7.07 (19.4% below fair value)
  • GF Score™: 83/100 with 5 warning signs
  • Industry Position: 2.3% above the Consumer Packaged Goods median (#1165 of 1880)

No single metric tells the full story. See the SHSE:600305 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jiangsu Hengshun Vinegar Industry Co Business Description

Address No. 66, Hengshun Avenue, Zhenjiang, Jiangsu Province, Dantu New City, CHN, 212028
Jiangsu Hengshun Vinegar Industry Co Ltd is a Chinese company which produces traditional brewing spices, condiments, vinegar, and health products. The company is also involved in residential real estate and packaging and printing.
83GF Score

Get the complete analysis for SHSE:600305

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥7.07
Price
¥8.77
GF Value