Panda Dairy Corp (300898) - Net Assets
Based on the latest financial reports, Panda Dairy Corp (300898) has net assets worth CN¥1.05 Billion CNY (≈ $153.87 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¥1.14 Billion ≈ $167.39 Million USD) and total liabilities (CN¥92.42 Million ≈ $13.52 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. Also explore Panda Dairy Corp (300898) total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.05 Billion |
| % of Total Assets | 91.92% |
| Annual Growth Rate | 31.04% |
| 5-Year Change | 22.36% |
| 10-Year Change | 178.64% |
| Growth Volatility | 56.97 |
Panda Dairy Corp - Net Assets Trend (2012–2025)
This chart illustrates how Panda Dairy Corp's net assets have evolved over time, based on quarterly financial data. Check 300898 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Panda Dairy Corp (2012–2025)
The table below shows the annual net assets of Panda Dairy Corp from 2012 to 2025. For live valuation and market cap data, see Panda Dairy Corp stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.03 Billion ≈ $150.92 Million |
+3.81% |
| 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 2490.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥407.27 Million | 39.96% |
| Other Components | CN¥611.88 Million | 60.04% |
| Total Equity | CN¥1.02 Billion | 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 |
|---|---|
|
Beijing InHand Networks Technology Co Ltd
SHG:688080
|
$369.05 Million |
|
Hangzhou TianMuShan Pharmaceutical Enterprise Co Ltd
SHG:600671
|
$369.05 Million |
|
Inzone Group Co Ltd
SHG:600858
|
$369.10 Million |
|
SVI Public Company Limited
BK:SVI
|
$369.13 Million |
|
Shenzhen Liantronics
SHE:300269
|
$368.82 Million |
|
International Money Express Inc
NASDAQ:IMXI
|
$368.80 Million |
|
Hangzhou Guotai Environmental Protection Technology Co. Ltd. A
SHE:301203
|
$368.76 Million |
|
Maanshan Iron & Steel Company Limited
F:YM9A
|
$368.73 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 2024 to 2025, total equity changed from 984,277,892 to 1,019,143,110, a change of 34,865,218 (3.5%).
- Net income of 108,011,918 contributed positively to equity growth.
- Dividend payments of 74,993,496 reduced retained earnings.
- Other comprehensive income decreased equity by 75,251,356.
- Other factors increased equity by 77,098,152.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥108.01 Million | +10.6% |
| Dividends Paid | CN¥74.99 Million | -7.36% |
| Other Comprehensive Income | CN¥-75.25 Million | -7.38% |
| Other Changes | CN¥77.10 Million | +7.56% |
| Total Change | CN¥- | 3.54% |
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: 2.47x
- 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 34.82x to 2.47x 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¥20.33 | x |
| 2013-12-31 | CN¥1.55 | CN¥20.33 | x |
| 2014-12-31 | CN¥0.97 | CN¥20.33 | x |
| 2015-12-31 | CN¥1.84 | CN¥20.33 | x |
| 2016-12-31 | CN¥4.58 | CN¥20.33 | x |
| 2017-12-31 | CN¥4.31 | CN¥20.33 | x |
| 2018-12-31 | CN¥5.05 | CN¥20.33 | x |
| 2019-12-31 | CN¥5.43 | CN¥20.33 | x |
| 2020-12-31 | CN¥7.83 | CN¥20.33 | x |
| 2021-12-31 | CN¥6.64 | CN¥20.33 | x |
| 2022-12-31 | CN¥6.92 | CN¥20.33 | x |
| 2023-12-31 | CN¥7.58 | CN¥20.33 | x |
| 2024-12-31 | CN¥7.94 | CN¥20.33 | x |
| 2025-12-31 | CN¥8.22 | CN¥20.33 | 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): 10.60%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.32%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.13x
- Recent ROE (10.60%) is below the historical average (15.84%), 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% | 20.92% | 0.95x | 1.16x | CN¥48.59 Million |
| 2017 | 21.60% | 16.27% | 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 |
| 2025 | 10.60% | 13.32% | 0.70x | 1.13x | CN¥6.10 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: $1,424,998,655
- Average return on equity (ROE) among peers: 3.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Panda Dairy Corp (300898) | CN¥1.05 Billion | -0.34% | 0.09x | $368.89 Million |
| Shenzhen Shenbao Industrial Co Ltd (000019) | $219.99 Million | -3.09% | 0.98x | $995.47 Million |
| Hainan Pearl River Holdings Co Ltd (000505) | $2.99 Billion | 4.46% | 0.75x | $551.18 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $1.77 Billion | -70.00% | 1.48x | $249.57 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $1.81 Billion | 2.87% | 0.29x | $521.11 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $272.30 Million | 36.10% | 1.40x | $435.25 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $4.61 Billion | 23.64% | 0.55x | $13.28 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $767.56 Million | 1.47% | 1.57x | $380.35 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $274.27 Million | 16.98% | 0.48x | $458.38 Million |
| Qingdao Foods Co Ltd (001219) | $419.84 Million | 17.90% | 0.18x | $358.08 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $1.11 Billion | 4.98% | 0.47x | $536.05 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