Angel Yeast Co Ltd

SHG:600298 China Packaged Foods
Market Cap
$4.98 Billion
CN¥36.53 Billion CNY
Market Cap Rank
#3881 Global
#355 in China
Share Price
CN¥42.09
Change (1 day)
-0.38%
52-Week Range
CN¥32.67 - CN¥45.60
All Time High
CN¥67.76
Categories
Companies in China Packaged Foods
About

Angel Yeast Co., Ltd, together with its subsidiaries, produces and sells yeast and yeast derivatives in the People's Republic of China and internationally. It operates through Yeast and Related Industries, Packaging, and Others segments. The company offers baking products, including baker's yeast, bread improver, raising agent, pre-mix, and other baking ingredients. It also provides yeast extract… Read more

Angel Yeast Co Ltd (600298) - Net Assets

Latest net assets as of September 2025: CN¥12.44 Billion CNY

Based on the latest financial reports, Angel Yeast Co Ltd (600298) has net assets worth CN¥12.44 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¥24.32 Billion) and total liabilities (CN¥11.88 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¥12.44 Billion
% of Total Assets 51.15%
Annual Growth Rate 20.72%
5-Year Change 83.25%
10-Year Change 247.06%
Growth Volatility 68.56

Angel Yeast Co Ltd - Net Assets Trend (1997–2024)

This chart illustrates how Angel Yeast 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 Angel Yeast Co Ltd (1997–2024)

The table below shows the annual net assets of Angel Yeast Co Ltd from 1997 to 2024.

Year Net Assets Change
2024-12-31 CN¥11.34 Billion +7.01%
2023-12-31 CN¥10.60 Billion +10.28%
2022-12-31 CN¥9.61 Billion +33.44%
2021-12-31 CN¥7.20 Billion +16.37%
2020-12-31 CN¥6.19 Billion +16.81%
2019-12-31 CN¥5.30 Billion +16.34%
2018-12-31 CN¥4.55 Billion +11.23%
2017-12-31 CN¥4.09 Billion +17.03%
2016-12-31 CN¥3.50 Billion +7.05%
2015-12-31 CN¥3.27 Billion +7.78%
2014-12-31 CN¥3.03 Billion +3.42%
2013-12-31 CN¥2.93 Billion +2.89%
2012-12-31 CN¥2.85 Billion +8.83%
2011-12-31 CN¥2.62 Billion +69.19%
2010-12-31 CN¥1.55 Billion +29.28%
2009-12-31 CN¥1.20 Billion +21.08%
2008-12-31 CN¥988.50 Million +11.39%
2007-12-31 CN¥887.43 Million +14.71%
2006-12-31 CN¥773.61 Million +15.46%
2005-12-31 CN¥670.00 Million +5.30%
2004-12-31 CN¥636.26 Million +1.92%
2003-12-31 CN¥624.29 Million +7.88%
2002-12-31 CN¥578.70 Million +4.64%
2001-12-31 CN¥553.02 Million +1.53%
2000-12-31 CN¥544.71 Million +369.94%
1999-12-31 CN¥115.91 Million +10.32%
1998-12-31 CN¥105.07 Million +49.61%
1997-12-31 CN¥70.23 Million --

Equity Component Analysis

This analysis shows how different components contribute to Angel Yeast 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 789914868000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥7.90 Billion 72.95%
Common Stock CN¥868.64 Million 8.02%
Other Components CN¥2.06 Billion 19.03%
Total Equity CN¥10.83 Billion 100.00%

Angel Yeast Co Ltd Competitors by Market Cap

The table below lists competitors of Angel Yeast Co Ltd ranked by their market capitalization.

Company Market Cap
Bechtle AG
PINK:BHTLF
 		$3.08 Billion
Dianthus Therapeutics Inc.
NASDAQ:DNTH
 		$3.08 Billion
Alignment Healthcare LLC
NASDAQ:ALHC
 		$3.08 Billion
Walsin Lihwa Corp
TW:1605
 		$3.08 Billion
Axfood AB
ST:AXFO
 		$3.08 Billion
Seek Ltd
AU:SEK
 		$3.08 Billion
Dabur India Limited
NSE:DABUR
 		$3.08 Billion
Patterson-UTI Energy Inc
NASDAQ:PTEN
 		$3.07 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Angel Yeast Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 10,073,880,098 to 10,828,610,223, a change of 754,730,125 (7.5%).
  • Net income of 1,324,569,141 contributed positively to equity growth.
  • Dividend payments of 571,160,826 reduced retained earnings.
  • Share repurchases of 248,571,418 reduced equity.
  • Other factors increased equity by 249,893,228.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.32 Billion +12.23%
Dividends Paid CN¥571.16 Million -5.27%
Share Repurchases CN¥248.57 Million -2.3%
Other Changes CN¥249.89 Million +2.31%
Total Change CN¥- 7.49%

Book Value vs Market Value Analysis

This analysis compares Angel Yeast 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: 3.34x
  • 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 406.63x to 3.34x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1997-12-31 CN¥0.10 CN¥42.09 x
1998-12-31 CN¥0.15 CN¥42.09 x
1999-12-31 CN¥0.17 CN¥42.09 x
2000-12-31 CN¥0.80 CN¥42.09 x
2001-12-31 CN¥0.81 CN¥42.09 x
2002-12-31 CN¥0.85 CN¥42.09 x
2003-12-31 CN¥0.91 CN¥42.09 x
2004-12-31 CN¥0.92 CN¥42.09 x
2005-12-31 CN¥0.97 CN¥42.09 x
2006-12-31 CN¥1.04 CN¥42.09 x
2007-12-31 CN¥1.17 CN¥42.09 x
2008-12-31 CN¥1.28 CN¥42.09 x
2009-12-31 CN¥1.53 CN¥42.09 x
2010-12-31 CN¥1.98 CN¥42.09 x
2011-12-31 CN¥3.17 CN¥42.09 x
2012-12-31 CN¥3.25 CN¥42.09 x
2013-12-31 CN¥3.32 CN¥42.09 x
2014-12-31 CN¥3.42 CN¥42.09 x
2015-12-31 CN¥3.69 CN¥42.09 x
2016-12-31 CN¥3.95 CN¥42.09 x
2017-12-31 CN¥4.66 CN¥42.09 x
2018-12-31 CN¥5.21 CN¥42.09 x
2019-12-31 CN¥6.10 CN¥42.09 x
2020-12-31 CN¥7.15 CN¥42.09 x
2021-12-31 CN¥8.31 CN¥42.09 x
2022-12-31 CN¥11.00 CN¥42.09 x
2023-12-31 CN¥11.66 CN¥42.09 x
2024-12-31 CN¥12.59 CN¥42.09 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Angel Yeast 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): 12.23%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 8.72%
  • • Asset Turnover: 0.70x
  • • Equity Multiplier: 2.01x
  • Recent ROE (12.23%) is below the historical average (14.57%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1997 28.38% 17.62% 0.60x 2.68x CN¥12.91 Million
1998 29.29% 22.31% 0.67x 1.96x CN¥20.27 Million
1999 31.07% 23.48% 0.70x 1.88x CN¥24.42 Million
2000 7.08% 20.96% 0.30x 1.14x CN¥-15.90 Million
2001 8.95% 20.80% 0.36x 1.20x CN¥-5.78 Million
2002 5.11% 10.05% 0.40x 1.26x CN¥-28.26 Million
2003 6.70% 10.50% 0.51x 1.26x CN¥-20.45 Million
2004 8.56% 9.85% 0.61x 1.43x CN¥-9.03 Million
2005 9.47% 8.84% 0.64x 1.69x CN¥-3.48 Million
2006 11.15% 9.07% 0.68x 1.82x CN¥8.14 Million
2007 11.38% 8.55% 0.66x 2.01x CN¥11.03 Million
2008 12.07% 7.97% 0.64x 2.35x CN¥17.93 Million
2009 20.20% 12.46% 0.72x 2.25x CN¥106.14 Million
2010 19.70% 13.56% 0.72x 2.03x CN¥140.31 Million
2011 12.01% 11.99% 0.62x 1.62x CN¥49.93 Million
2012 9.09% 8.96% 0.50x 2.04x CN¥-24.34 Million
2013 5.35% 4.69% 0.49x 2.32x CN¥-127.15 Million
2014 5.22% 4.03% 0.58x 2.23x CN¥-135.04 Million
2015 9.22% 6.65% 0.68x 2.04x CN¥-23.80 Million
2016 16.45% 11.01% 0.72x 2.08x CN¥209.76 Million
2017 22.05% 14.67% 0.72x 2.09x CN¥462.91 Million
2018 19.96% 12.81% 0.74x 2.09x CN¥427.37 Million
2019 17.92% 11.78% 0.77x 1.97x CN¥398.52 Million
2020 23.29% 15.35% 0.83x 1.83x CN¥782.52 Million
2021 19.09% 12.26% 0.79x 1.96x CN¥623.13 Million
2022 14.27% 10.29% 0.76x 1.83x CN¥395.46 Million
2023 12.63% 9.37% 0.70x 1.91x CN¥265.33 Million
2024 12.23% 8.72% 0.70x 2.01x CN¥241.71 Million

Industry Comparison

This section compares Angel Yeast 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
Angel Yeast Co Ltd (600298) CN¥12.44 Billion 28.38% 0.96x $3.08 Billion
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