Baiyang Aquatic Group Inc (002696) - Net Assets
Based on the latest financial reports, Baiyang Aquatic Group Inc (002696) has net assets worth CN¥1.46 Billion CNY (≈ $212.99 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.64 Billion ≈ $532.78 Million USD) and total liabilities (CN¥2.19 Billion ≈ $319.80 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 002696 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.46 Billion |
| % of Total Assets | 39.98% |
| Annual Growth Rate | 14.99% |
| 5-Year Change | 0.55% |
| 10-Year Change | 33.22% |
| Growth Volatility | 50.06 |
Baiyang Aquatic Group Inc - Net Assets Trend (2009–2024)
This chart illustrates how Baiyang Aquatic Group Inc's net assets have evolved over time, based on quarterly financial data. Also explore Baiyang Aquatic Group Inc assets under control for the complete picture of this company's asset base.
Annual Net Assets for Baiyang Aquatic Group Inc (2009–2024)
The table below shows the annual net assets of Baiyang Aquatic Group Inc from 2009 to 2024. For live valuation and market cap data, see 002696 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 111.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥189.76 Million | 14.26% |
| Other Components | CN¥1.14 Billion | 85.74% |
| Total Equity | CN¥1.33 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 |
|---|---|
|
RFG Holdings Ltd
JSE:RFG
|
$345.79 Million |
|
Absci Corp
NASDAQ:ABSI
|
$345.85 Million |
|
Dimerco Express
TWO:5609
|
$345.87 Million |
|
Alucon Public Company Limited
BK:ALUCON
|
$346.05 Million |
|
Invercap
SN:INVERCAP
|
$345.63 Million |
|
Bus Online Co Ltd
SHE:002188
|
$345.59 Million |
|
Bewi Asa
OL:BEWI
|
$345.46 Million |
|
West Coast Paper Mills Limited
NSE:WSTCSTPAPR
|
$345.43 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 2023 to 2024, total equity changed from 1,399,873,220 to 1,330,278,741, a change of -69,594,479 (-5.0%).
- Net loss of 15,254,206 reduced equity.
- Dividend payments of 35,921,907 reduced retained earnings.
- Other factors decreased equity by 18,418,366.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-15.25 Million | -1.15% |
| Dividends Paid | CN¥35.92 Million | -2.7% |
| Other Changes | CN¥-18.42 Million | -1.38% |
| Total Change | CN¥- | -4.97% |
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: 1.78x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.22x to 1.78x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥5.57 | CN¥6.82 | x |
| 2018-12-31 | CN¥5.51 | CN¥6.82 | x |
| 2019-12-31 | CN¥3.80 | CN¥6.82 | x |
| 2020-12-31 | CN¥3.83 | CN¥6.82 | x |
| 2021-12-31 | CN¥3.91 | CN¥6.82 | x |
| 2022-12-31 | CN¥4.09 | CN¥6.82 | x |
| 2023-12-31 | CN¥4.04 | CN¥6.82 | x |
| 2024-12-31 | CN¥3.84 | CN¥6.82 | 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): -1.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.50%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 2.31x
- Recent ROE (-1.15%) is below the historical average (5.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 22.97% | 8.36% | 1.29x | 2.14x | CN¥21.21 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 | 2.63% | 1.82% | 0.84x | 1.71x | CN¥-160.54 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 |
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: $845,529,743
- Average return on equity (ROE) among peers: 0.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Baiyang Aquatic Group Inc (002696) | CN¥1.46 Billion | 22.97% | 1.50x | $345.66 Million |
| Shenzhen Shenbao Industrial Co Ltd (000019) | $957.14 Million | -3.68% | 0.11x | $1.24 Billion |
| Hainan Pearl River Holdings Co Ltd (000505) | $254.16 Million | -54.32% | 1.61x | $640.30 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $92.89 Million | 11.89% | 1.23x | $320.65 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $2.53 Billion | -5.73% | 0.85x | $566.73 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $838.81 Million | 6.47% | 0.11x | $498.43 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $290.51 Million | 13.20% | 1.80x | $14.06 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $180.97 Million | 14.05% | 2.24x | $435.65 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $953.19 Million | 9.28% | 0.41x | $666.24 Million |
| Qingdao Foods Co Ltd (001219) | $1.03 Billion | 9.49% | 0.12x | $450.52 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $1.33 Billion | 7.43% | 0.75x | $587.64 Million |
About Baiyang Aquatic Group Inc
Baiyang Investment Group, Inc., together with its subsidiaries, operates in the aquaculture industry in China. The company is involved in feed and feed raw materials, aquatic product processing, biological product, ocean fishing, and processing business, as well as aquatic research and development, aquatic fry breeding, feedstuff production, fish farming, and gelatine and other biological product… Read more