Ligao Foods Co.Ltd
Ligao Foods Co.,Ltd. together with its subsidiaries, engages in the research and development, production, and selling of baked food raw material and frozen baked foods in China. It offers cream, chocolate, fruit product, snack food, filling series, as well as milk cream and cheese sauce. The company also provides bakery food raw materials, including butter, fruit products, and sauces; fruit produ… Read more
Ligao Foods Co.Ltd (300973) - Net Assets
Latest net assets as of September 2025: CN¥2.71 Billion CNY
Based on the latest financial reports, Ligao Foods Co.Ltd (300973) has net assets worth CN¥2.71 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.50 Billion) and total liabilities (CN¥1.79 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.71 Billion |
| % of Total Assets | 60.21% |
| Annual Growth Rate | 44.63% |
| 5-Year Change | 295.1% |
| 10-Year Change | N/A |
| Growth Volatility | 64.39 |
Ligao Foods Co.Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Ligao Foods Co.Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ligao Foods Co.Ltd (2017–2024)
The table below shows the annual net assets of Ligao Foods Co.Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.58 Billion | +3.59% |
| 2023-12-31 | CN¥2.49 Billion | +16.87% |
| 2022-12-31 | CN¥2.13 Billion | +7.16% |
| 2021-12-31 | CN¥1.99 Billion | +204.54% |
| 2020-12-31 | CN¥651.99 Million | +38.52% |
| 2019-12-31 | CN¥470.69 Million | +54.03% |
| 2018-12-31 | CN¥305.59 Million | +57.10% |
| 2017-12-31 | CN¥194.51 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ligao Foods Co.Ltd'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 2098.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥741.20 Million | 28.91% |
| Common Stock | CN¥169.34 Million | 6.61% |
| Other Components | CN¥1.65 Billion | 64.48% |
| Total Equity | CN¥2.56 Billion | 100.00% |
Ligao Foods Co.Ltd Competitors by Market Cap
The table below lists competitors of Ligao Foods Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JSL Construction & Development Co Ltd
TW:2540
|
$375.53 Million |
|
Shenzhen Etmade Automatic Equipment
SHE:300812
|
$375.57 Million |
|
Shanghai Join Buy Co Ltd
SHG:600838
|
$375.57 Million |
|
Einhell Germany AG
F:EIN
|
$375.68 Million |
|
Xinjiang Talimu Agriculture Development Co Ltd
SHG:600359
|
$375.42 Million |
|
Guangdong Jingyi Metal Co Ltd
SHE:002295
|
$375.34 Million |
|
Sabre Corpo
NASDAQ:SABR
|
$375.34 Million |
|
Longyan Zhuoyue New Energy Co Ltd
SHG:688196
|
$375.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ligao Foods Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,471,671,119 to 2,563,794,380, a change of 92,123,261 (3.7%).
- Net income of 267,967,762 contributed positively to equity growth.
- Dividend payments of 126,921,260 reduced retained earnings.
- Share repurchases of 60,493,954 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥267.97 Million | +10.45% |
| Dividends Paid | CN¥126.92 Million | -4.95% |
| Share Repurchases | CN¥60.49 Million | -2.36% |
| Other Changes | CN¥11.57 Million | +0.45% |
| Total Change | CN¥- | 3.73% |
Book Value vs Market Value Analysis
This analysis compares Ligao Foods Co.Ltd'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: 2.43x
- 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 14.28x to 2.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥2.52 | CN¥36.00 | x |
| 2018-12-31 | CN¥2.75 | CN¥36.00 | x |
| 2019-12-31 | CN¥2.78 | CN¥36.00 | x |
| 2020-12-31 | CN¥3.85 | CN¥36.00 | x |
| 2021-12-31 | CN¥11.73 | CN¥36.00 | x |
| 2022-12-31 | CN¥11.62 | CN¥36.00 | x |
| 2023-12-31 | CN¥14.17 | CN¥36.00 | x |
| 2024-12-31 | CN¥14.84 | CN¥36.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ligao Foods Co.Ltd 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): 10.45%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.99%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 1.71x
- Recent ROE (10.45%) is below the historical average (18.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 22.62% | 4.60% | 2.09x | 2.35x | CN¥24.54 Million |
| 2018 | 17.12% | 3.98% | 2.12x | 2.02x | CN¥21.75 Million |
| 2019 | 38.54% | 11.45% | 1.99x | 1.69x | CN¥134.33 Million |
| 2020 | 35.60% | 12.83% | 1.86x | 1.49x | CN¥166.90 Million |
| 2021 | 14.26% | 10.05% | 1.11x | 1.28x | CN¥84.54 Million |
| 2022 | 6.78% | 4.94% | 1.02x | 1.35x | CN¥-68.24 Million |
| 2023 | 2.95% | 2.09% | 0.89x | 1.59x | CN¥-174.14 Million |
| 2024 | 10.45% | 6.99% | 0.88x | 1.71x | CN¥11.59 Million |
Industry Comparison
This section compares Ligao Foods Co.Ltd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $1,271,150,340
- Average return on equity (ROE) among peers: 17.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ligao Foods Co.Ltd (300973) | CN¥2.71 Billion | 22.62% | 0.66x | $375.43 Million |
| Shenzhen Shenbao Industrial Co Ltd (000019) | $296.34 Million | 13.18% | 0.58x | $322.05 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $135.06 Million | 5.79% | 0.97x | $334.27 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $1.74 Billion | 8.58% | 0.63x | $341.35 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $655.17 Million | 3.96% | 0.09x | $419.13 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $2.19 Billion | 12.06% | 0.42x | $3.99 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $425.35 Million | 6.38% | 1.44x | $202.97 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $1.82 Billion | 4.59% | 0.27x | $263.05 Million |
| Wenzhou Yuanfei Pet Toy Products Co. Ltd. A (001222) | $1.25 Billion | 12.64% | 0.11x | $161.52 Million |
| Guangdong Yuehai Feeds Group Co.Ltd. (001313) | $2.57 Billion | -3.32% | 0.86x | $168.08 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $1.63 Billion | 107.55% | 0.66x | $445.69 Million |