Panda Dairy Corp (300898) - Net Assets
Based on the latest financial reports, Panda Dairy Corp (300898) has net assets worth CN¥987.73 Million CNY (≈ $144.54 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 ≈ $160.37 Million USD) and total liabilities (CN¥108.20 Million ≈ $15.83 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 Panda Dairy Corp liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥987.73 Million |
| % of Total Assets | 90.13% |
| Annual Growth Rate | 33.61% |
| 5-Year Change | 27.35% |
| 10-Year Change | 615.89% |
| Growth Volatility | 58.29 |
Panda Dairy Corp - Net Assets Trend (2012–2024)
This chart illustrates how Panda Dairy Corp's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Panda Dairy Corp for the complete picture of this company's asset base.
Annual Net Assets for Panda Dairy Corp (2012–2024)
The table below shows the annual net assets of Panda Dairy Corp from 2012 to 2024. For live valuation and market cap data, see 300898 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥993.58 Million ≈ $145.39 Million |
+4.66% |
| 2023-12-31 | CN¥949.38 Million ≈ $138.92 Million |
+8.53% |
| 2022-12-31 | CN¥874.76 Million ≈ $128.00 Million |
+3.78% |
| 2021-12-31 | CN¥842.92 Million ≈ $123.35 Million |
+8.04% |
| 2020-12-31 | CN¥780.20 Million ≈ $114.17 Million |
+52.85% |
| 2019-12-31 | CN¥510.44 Million ≈ $74.69 Million |
+7.68% |
| 2018-12-31 | CN¥474.04 Million ≈ $69.37 Million |
+16.92% |
| 2017-12-31 | CN¥405.45 Million ≈ $59.33 Million |
+9.54% |
| 2016-12-31 | CN¥370.15 Million ≈ $54.16 Million |
+166.70% |
| 2015-12-31 | CN¥138.79 Million ≈ $20.31 Million |
+98.36% |
| 2014-12-31 | CN¥69.97 Million ≈ $10.24 Million |
-8.43% |
| 2013-12-31 | CN¥76.41 Million ≈ $11.18 Million |
+148.82% |
| 2012-12-31 | CN¥30.71 Million ≈ $4.49 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Panda Dairy Corp'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 2276.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥373.66 Million | 37.96% |
| Common Stock | CN¥124.00 Million | 12.60% |
| Other Comprehensive Income | CN¥75.25 Million | 7.65% |
| Other Components | CN¥411.37 Million | 41.79% |
| Total Equity | CN¥984.28 Million | 100.00% |
Panda Dairy Corp Competitors by Market Cap
The table below lists competitors of Panda Dairy Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Longood Intelligent Electric Co Ltd Class A
SHE:300543
|
$436.21 Million |
|
Adesso SE
XETRA:ADN1
|
$436.30 Million |
|
Jiangsu Tianmu Lake Tourism Co Ltd
SHG:603136
|
$436.39 Million |
|
Shanghai Karon Eco-Valve Manufacturing Co. Ltd.
SHE:301151
|
$436.50 Million |
|
BENZ Mining Corp
AU:BNZ
|
$436.21 Million |
|
Actron Technology
TWO:8255
|
$436.17 Million |
|
Jilin Gpro Titanium Industry Co Ltd
SHE:000545
|
$436.10 Million |
|
Beijing Integrity Technology Co. Ltd. A
SHG:688244
|
$436.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Panda Dairy Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 943,646,796 to 984,277,892, a change of 40,631,096 (4.3%).
- Net income of 102,498,052 contributed positively to equity growth.
- Dividend payments of 63,174,333 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥102.50 Million | +10.41% |
| Dividends Paid | CN¥63.17 Million | -6.42% |
| Other Changes | CN¥1.31 Million | +0.13% |
| Total Change | CN¥- | 4.31% |
Book Value vs Market Value Analysis
This analysis compares Panda Dairy Corp'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: 3.03x
- 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 41.17x to 3.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥0.58 | CN¥24.04 | x |
| 2013-12-31 | CN¥1.55 | CN¥24.04 | x |
| 2014-12-31 | CN¥0.97 | CN¥24.04 | x |
| 2015-12-31 | CN¥1.84 | CN¥24.04 | x |
| 2016-12-31 | CN¥4.58 | CN¥24.04 | x |
| 2017-12-31 | CN¥4.31 | CN¥24.04 | x |
| 2018-12-31 | CN¥5.05 | CN¥24.04 | x |
| 2019-12-31 | CN¥4.05 | CN¥24.04 | x |
| 2020-12-31 | CN¥6.20 | CN¥24.04 | x |
| 2021-12-31 | CN¥6.73 | CN¥24.04 | x |
| 2022-12-31 | CN¥6.93 | CN¥24.04 | x |
| 2023-12-31 | CN¥7.62 | CN¥24.04 | x |
| 2024-12-31 | CN¥7.94 | CN¥24.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Panda Dairy Corp 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): 10.41%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.41%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.11x
- Recent ROE (10.41%) is below the historical average (16.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -0.34% | -0.02% | 2.61x | 8.06x | CN¥-2.82 Million |
| 2013 | 7.10% | 1.21% | 1.98x | 2.97x | CN¥-2.10 Million |
| 2014 | 24.77% | 4.54% | 2.10x | 2.59x | CN¥10.36 Million |
| 2015 | 53.34% | 20.19% | 1.50x | 1.77x | CN¥60.06 Million |
| 2016 | 23.15% | 20.93% | 0.95x | 1.16x | CN¥48.59 Million |
| 2017 | 21.60% | 16.28% | 1.09x | 1.22x | CN¥46.67 Million |
| 2018 | 20.19% | 15.75% | 1.10x | 1.17x | CN¥47.82 Million |
| 2019 | 13.26% | 11.03% | 1.02x | 1.18x | CN¥16.38 Million |
| 2020 | 10.60% | 11.91% | 0.70x | 1.28x | CN¥4.59 Million |
| 2021 | 9.34% | 9.03% | 0.80x | 1.29x | CN¥-5.45 Million |
| 2022 | 6.22% | 5.99% | 0.83x | 1.26x | CN¥-32.52 Million |
| 2023 | 11.55% | 11.51% | 0.83x | 1.21x | CN¥14.65 Million |
| 2024 | 10.41% | 13.41% | 0.70x | 1.11x | CN¥4.07 Million |
Industry Comparison
This section compares Panda Dairy Corp's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $603,020,681
- Average return on equity (ROE) among peers: 8.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Panda Dairy Corp (300898) | CN¥987.73 Million | -0.34% | 0.11x | $436.21 Million |
| Shenzhen Shenbao Industrial Co Ltd (000019) | $1.01 Billion | 7.41% | 0.22x | $1.24 Billion |
| Hainan Pearl River Holdings Co Ltd (000505) | $581.64 Million | 0.71% | 0.96x | $640.30 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $1.22 Billion | 9.64% | 0.53x | $320.65 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $138.53 Million | -4.55% | 4.80x | $566.73 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $272.30 Million | 36.10% | 1.40x | $498.43 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $780.28 Million | 7.22% | 0.51x | $14.06 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $-254.89 Million | 0.00% | 0.00x | $435.65 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $582.34 Million | 13.15% | 0.64x | $666.24 Million |
| Qingdao Foods Co Ltd (001219) | $273.68 Million | 14.03% | 0.19x | $450.52 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $1.43 Billion | 2.91% | 0.85x | $587.64 Million |
About Panda Dairy Corp
Panda Dairy Corporation engages in the research and development, production, and sale of dairy products in China and internationally. Its products include cheese, including cheese cream, mozzarella cheese and cheese slices; coconut milk and coconut milk sticks; condensed milk, such as evaporated milk and sweetened condensed milk; light cream; and other products, including cheese popcorn, cheese s… Read more