Baiyang Aquatic Group Inc (002696) - Net Assets
Based on the latest financial reports, Baiyang Aquatic Group Inc (002696) has net assets worth CN¥1.47 Billion CNY (≈ $214.98 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.01 Billion ≈ $586.20 Million USD) and total liabilities (CN¥2.54 Billion ≈ $371.22 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 Baiyang Aquatic Group Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.47 Billion |
| % of Total Assets | 36.67% |
| Annual Growth Rate | 16.79% |
| 5-Year Change | 2.6% |
| 10-Year Change | 32.49% |
| Growth Volatility | 48.32 |
Baiyang Aquatic Group Inc - Net Assets Trend (2008–2025)
This chart illustrates how Baiyang Aquatic Group Inc's net assets have evolved over time, based on quarterly financial data. See Baiyang Aquatic Group Inc (002696) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Baiyang Aquatic Group Inc (2008–2025)
The table below shows the annual net assets of Baiyang Aquatic Group Inc from 2008 to 2025. For live valuation and market cap data, see 002696 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.49 Billion ≈ $217.44 Million |
+4.27% |
| 2024-12-31 | CN¥1.43 Billion ≈ $208.53 Million |
-4.53% |
| 2023-12-31 | CN¥1.49 Billion ≈ $218.42 Million |
-1.54% |
| 2022-12-31 | CN¥1.52 Billion ≈ $221.83 Million |
+4.67% |
| 2021-12-31 | CN¥1.45 Billion ≈ $211.94 Million |
+2.19% |
| 2020-12-31 | CN¥1.42 Billion ≈ $207.39 Million |
+1.04% |
| 2019-12-31 | CN¥1.40 Billion ≈ $205.26 Million |
-39.21% |
| 2018-12-31 | CN¥2.31 Billion ≈ $337.63 Million |
+0.26% |
| 2017-12-31 | CN¥2.30 Billion ≈ $336.75 Million |
+105.18% |
| 2016-12-31 | CN¥1.12 Billion ≈ $164.13 Million |
+4.85% |
| 2015-12-31 | CN¥1.07 Billion ≈ $156.53 Million |
+7.50% |
| 2014-12-31 | CN¥995.10 Million ≈ $145.62 Million |
+5.57% |
| 2013-12-31 | CN¥942.63 Million ≈ $137.94 Million |
+3.24% |
| 2012-12-31 | CN¥913.06 Million ≈ $133.61 Million |
+165.65% |
| 2011-12-31 | CN¥343.70 Million ≈ $50.29 Million |
+15.63% |
| 2010-12-31 | CN¥297.25 Million ≈ $43.50 Million |
+69.61% |
| 2009-12-31 | CN¥175.25 Million ≈ $25.64 Million |
+65.09% |
| 2008-12-31 | CN¥106.15 Million ≈ $15.53 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Baiyang Aquatic Group Inc'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 321.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥224.48 Million | 16.30% |
| Other Components | CN¥1.15 Billion | 83.70% |
| Total Equity | CN¥1.38 Billion | 100.00% |
Baiyang Aquatic Group Inc Competitors by Market Cap
The table below lists competitors of Baiyang Aquatic Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
American Bitcoin Corp
NASDAQ:ABTC
|
$278.79 Million |
|
Groenlandsbanken AS
CO:GRLA
|
$278.81 Million |
|
Kina Securities Ltd
AU:KSL
|
$278.81 Million |
|
Nacity Property Service Co Ltd
SHG:603506
|
$278.90 Million |
|
Nano Dimension Ltd
NASDAQ:NNDM
|
$278.70 Million |
|
Jouder Precision Industry Kunshan Co Ltd
SHE:300549
|
$278.63 Million |
|
Hunan Dajiaweikang Pharmaceutical Industry Co.Ltd
SHE:301126
|
$278.63 Million |
|
Papercorea
KO:001020
|
$278.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Baiyang Aquatic Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,330,278,740 to 1,377,271,077, a change of 46,992,337 (3.5%).
- Net income of 40,631,136 contributed positively to equity growth.
- Dividend payments of 40,674,622 reduced retained earnings.
- Other comprehensive income decreased equity by 44,435,948.
- Other factors increased equity by 91,471,770.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥40.63 Million | +2.95% |
| Dividends Paid | CN¥40.67 Million | -2.95% |
| Other Comprehensive Income | CN¥-44.44 Million | -3.23% |
| Other Changes | CN¥91.47 Million | +6.64% |
| Total Change | CN¥- | 3.53% |
Book Value vs Market Value Analysis
This analysis compares Baiyang Aquatic Group Inc'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: 1.39x
- 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 11.69x to 1.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.47 | CN¥5.51 | x |
| 2009-12-31 | CN¥0.73 | CN¥5.51 | x |
| 2010-12-31 | CN¥1.14 | CN¥5.51 | x |
| 2011-12-31 | CN¥1.40 | CN¥5.51 | x |
| 2012-12-31 | CN¥3.55 | CN¥5.51 | x |
| 2013-12-31 | CN¥3.02 | CN¥5.51 | x |
| 2014-12-31 | CN¥3.18 | CN¥5.51 | x |
| 2015-12-31 | CN¥3.28 | CN¥5.51 | x |
| 2016-12-31 | CN¥3.42 | CN¥5.51 | x |
| 2017-12-31 | CN¥7.00 | CN¥5.51 | x |
| 2018-12-31 | CN¥5.51 | CN¥5.51 | x |
| 2019-12-31 | CN¥3.35 | CN¥5.51 | x |
| 2020-12-31 | CN¥3.61 | CN¥5.51 | x |
| 2021-12-31 | CN¥4.07 | CN¥5.51 | x |
| 2022-12-31 | CN¥4.12 | CN¥5.51 | x |
| 2023-12-31 | CN¥4.06 | CN¥5.51 | x |
| 2024-12-31 | CN¥3.49 | CN¥5.51 | x |
| 2025-12-31 | CN¥3.98 | CN¥5.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Baiyang Aquatic Group Inc 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): 2.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.00%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 2.76x
- Recent ROE (2.95%) is below the historical average (6.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 27.40% | 7.05% | 1.48x | 2.62x | CN¥18.44 Million |
| 2009 | 22.97% | 8.36% | 1.29x | 2.14x | CN¥21.22 Million |
| 2010 | 18.00% | 6.01% | 1.46x | 2.06x | CN¥20.57 Million |
| 2011 | 20.62% | 6.40% | 1.56x | 2.06x | CN¥33.38 Million |
| 2012 | 9.55% | 7.23% | 0.95x | 1.40x | CN¥-3.98 Million |
| 2013 | 6.24% | 4.21% | 1.01x | 1.47x | CN¥-34.31 Million |
| 2014 | 5.93% | 3.17% | 1.04x | 1.80x | CN¥-38.66 Million |
| 2015 | 5.82% | 3.06% | 0.99x | 1.92x | CN¥-41.06 Million |
| 2016 | 5.79% | 2.86% | 1.08x | 1.87x | CN¥-43.04 Million |
| 2017 | 5.14% | 4.73% | 0.67x | 1.63x | CN¥-106.90 Million |
| 2018 | 3.84% | 2.55% | 0.88x | 1.71x | CN¥-134.13 Million |
| 2019 | -21.51% | -10.05% | 0.96x | 2.23x | CN¥-418.49 Million |
| 2020 | 1.66% | 0.90% | 0.89x | 2.08x | CN¥-111.56 Million |
| 2021 | 1.97% | 0.92% | 1.06x | 2.00x | CN¥-109.68 Million |
| 2022 | 4.37% | 1.94% | 1.11x | 2.02x | CN¥-80.41 Million |
| 2023 | -1.97% | -1.01% | 0.91x | 2.12x | CN¥-167.58 Million |
| 2024 | -1.15% | -0.50% | 1.00x | 2.31x | CN¥-148.28 Million |
| 2025 | 2.95% | 1.00% | 1.07x | 2.76x | CN¥-97.10 Million |
Industry Comparison
This section compares Baiyang Aquatic Group Inc's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $726,002,317
- Average return on equity (ROE) among peers: 9.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Baiyang Aquatic Group Inc (002696) | CN¥1.47 Billion | 27.40% | 1.73x | $278.78 Million |
| Shenzhen Shenbao Industrial Co Ltd (000019) | $289.64 Million | 0.97% | 0.47x | $1.00 Billion |
| Hainan Pearl River Holdings Co Ltd (000505) | $396.33 Million | 6.65% | 1.27x | $522.12 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $79.91 Million | 6.40% | 1.37x | $214.82 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $355.06 Million | 1.69% | 1.09x | $488.06 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $585.93 Million | 8.74% | 0.54x | $405.81 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $4.61 Billion | 23.64% | 0.55x | $11.69 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $-254.89 Million | 0.00% | 0.00x | $393.89 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $274.27 Million | 16.98% | 0.48x | $572.69 Million |
| Qingdao Foods Co Ltd (001219) | $857.75 Million | 7.93% | 0.09x | $353.51 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $67.42 Million | 17.97% | 1.69x | $521.71 Million |
About Baiyang Aquatic Group Inc
Baiyang Investment Group, Inc., together with its subsidiaries, engages in the aquatic product processing and biological products, feed and feed raw materials, and deep-sea fishing businesses in China and internationally. It operates through Feed and Raw Materials, Food Processing, Ocean Fishing, and Biochemical Product segments. The company offers tilapia, shrimp, and grass carp products under t… Read more