Angel Yeast Co Ltd (600298) - Net Assets

Latest as of December 2025: CN¥12.90 Billion CNY ≈ $1.89 Billion USD

Based on the latest financial reports, Angel Yeast Co Ltd (600298) has net assets worth CN¥12.90 Billion CNY (≈ $1.89 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥25.46 Billion ≈ $3.73 Billion USD) and total liabilities (CN¥12.56 Billion ≈ $1.84 Billion 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 financial resilience of Angel Yeast Co Ltd to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥12.90 Billion
% of Total Assets	50.66%
Annual Growth Rate	20.46%
5-Year Change	79.11%
10-Year Change	268.75%
Growth Volatility	67.38

Angel Yeast Co Ltd - Net Assets Trend (1997–2025)

This chart illustrates how Angel Yeast Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 600298 total asset value for the complete picture of this company's asset base.

Annual Net Assets for Angel Yeast Co Ltd (1997–2025)

The table below shows the annual net assets of Angel Yeast Co Ltd from 1997 to 2025. For live valuation and market cap data, see 600298 market cap overview.

Year	Net Assets	Change
2025-12-31	CN¥12.90 Billion ≈ $1.89 Billion	+13.74%
2024-12-31	CN¥11.34 Billion ≈ $1.66 Billion	+7.01%
2023-12-31	CN¥10.60 Billion ≈ $1.55 Billion	+10.28%
2022-12-31	CN¥9.61 Billion ≈ $1.41 Billion	+33.44%
2021-12-31	CN¥7.20 Billion ≈ $1.05 Billion	+16.37%
2020-12-31	CN¥6.19 Billion ≈ $905.48 Million	+16.81%
2019-12-31	CN¥5.30 Billion ≈ $775.17 Million	+16.34%
2018-12-31	CN¥4.55 Billion ≈ $666.28 Million	+11.23%
2017-12-31	CN¥4.09 Billion ≈ $599.01 Million	+17.03%
2016-12-31	CN¥3.50 Billion ≈ $511.83 Million	+7.05%
2015-12-31	CN¥3.27 Billion ≈ $478.11 Million	+7.78%
2014-12-31	CN¥3.03 Billion ≈ $443.60 Million	+3.42%
2013-12-31	CN¥2.93 Billion ≈ $428.95 Million	+2.89%
2012-12-31	CN¥2.85 Billion ≈ $416.90 Million	+8.83%
2011-12-31	CN¥2.62 Billion ≈ $383.09 Million	+69.19%
2010-12-31	CN¥1.55 Billion ≈ $226.42 Million	+29.28%
2009-12-31	CN¥1.20 Billion ≈ $175.14 Million	+21.08%
2008-12-31	CN¥988.50 Million ≈ $144.65 Million	+11.39%
2007-12-31	CN¥887.43 Million ≈ $129.86 Million	+14.71%
2006-12-31	CN¥773.61 Million ≈ $113.20 Million	+15.46%
2005-12-31	CN¥670.00 Million ≈ $98.04 Million	+5.30%
2004-12-31	CN¥636.26 Million ≈ $93.10 Million	+1.92%
2003-12-31	CN¥624.29 Million ≈ $91.35 Million	+7.88%
2002-12-31	CN¥578.70 Million ≈ $84.68 Million	+4.64%
2001-12-31	CN¥553.02 Million ≈ $80.92 Million	+1.53%
2000-12-31	CN¥544.71 Million ≈ $79.71 Million	+369.94%
1999-12-31	CN¥115.91 Million ≈ $16.96 Million	+10.32%
1998-12-31	CN¥105.07 Million ≈ $15.37 Million	+49.61%
1997-12-31	CN¥70.23 Million ≈ $10.28 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 895740118472.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥8.96 Billion	74.50%
Other Components	CN¥3.07 Billion	25.50%
Total Equity	CN¥12.02 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
Dairy Farm International Holdings Limited F:DFA1	$4.87 Billion
DELEK GP SP.ADR/1/01/O.N F:6D40	$4.87 Billion
Main Street Capital Corporation NYSE:MAIN	$4.87 Billion
PERSIMMON UNSPON. ADR 2 F:OHP0	$4.87 Billion
COFCO Tunhe Sugar Co Ltd SHG:600737	$4.86 Billion
Gentex Corporation NASDAQ:GNTX	$4.86 Billion
CSW Industrials, Inc. NASDAQ:CSW	$4.86 Billion
ABL Bio Inc KQ:298380	$4.86 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 2024 to 2025, total equity changed from 10,828,610,223 to 12,023,353,705, a change of 1,194,743,482 (11.0%).
Net income of 1,544,409,069 contributed positively to equity growth.
Dividend payments of 654,029,246 reduced retained earnings.
Other factors increased equity by 304,363,659.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥1.54 Billion	+12.85%
Dividends Paid	CN¥654.03 Million	-5.44%
Other Changes	CN¥304.36 Million	+2.53%
Total Change	CN¥-	11.03%

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: 2.76x
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 370.01x to 2.76x 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¥38.30	x
1998-12-31	CN¥0.15	CN¥38.30	x
1999-12-31	CN¥0.17	CN¥38.30	x
2000-12-31	CN¥0.80	CN¥38.30	x
2001-12-31	CN¥0.81	CN¥38.30	x
2002-12-31	CN¥0.85	CN¥38.30	x
2003-12-31	CN¥0.91	CN¥38.30	x
2004-12-31	CN¥0.92	CN¥38.30	x
2005-12-31	CN¥0.97	CN¥38.30	x
2006-12-31	CN¥1.04	CN¥38.30	x
2007-12-31	CN¥1.17	CN¥38.30	x
2008-12-31	CN¥1.28	CN¥38.30	x
2009-12-31	CN¥1.53	CN¥38.30	x
2010-12-31	CN¥1.98	CN¥38.30	x
2011-12-31	CN¥3.17	CN¥38.30	x
2012-12-31	CN¥3.25	CN¥38.30	x
2013-12-31	CN¥3.32	CN¥38.30	x
2014-12-31	CN¥3.42	CN¥38.30	x
2015-12-31	CN¥3.69	CN¥38.30	x
2016-12-31	CN¥3.95	CN¥38.30	x
2017-12-31	CN¥4.66	CN¥38.30	x
2018-12-31	CN¥5.21	CN¥38.30	x
2019-12-31	CN¥6.10	CN¥38.30	x
2020-12-31	CN¥7.15	CN¥38.30	x
2021-12-31	CN¥8.31	CN¥38.30	x
2022-12-31	CN¥11.00	CN¥38.30	x
2023-12-31	CN¥11.66	CN¥38.30	x
2024-12-31	CN¥12.59	CN¥38.30	x
2025-12-31	CN¥13.85	CN¥38.30	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): 12.85%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 9.23%
• Asset Turnover: 0.66x
• Equity Multiplier: 2.12x
Recent ROE (12.85%) is below the historical average (14.51%), 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
2025	12.85%	9.23%	0.66x	2.12x	CN¥342.07 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: $3,483,652,909
Average return on equity (ROE) among peers: 12.39%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Angel Yeast Co Ltd (600298)	CN¥12.90 Billion	28.38%	0.97x	$4.86 Billion
Shenzhen Shenbao Industrial Co Ltd (000019)	$4.34 Billion	7.11%	0.49x	$1.23 Billion
Hainan Pearl River Holdings Co Ltd (000505)	$2.84 Billion	5.92%	0.73x	$652.89 Million
Xiwang Foodstuffs Co Ltd (000639)	$140.33 Million	0.48%	0.86x	$284.32 Million
Nanfang Black Sesame Group Co Ltd (000716)	$2.65 Billion	1.62%	0.68x	$582.17 Million
CNFC Overseas Fishery Co Ltd (000798)	$921.21 Million	10.31%	0.24x	$508.60 Million
Henan Shuanghui Investment & Development Co Ltd (000895)	$21.33 Billion	23.39%	0.75x	$13.63 Billion
Xinjiang Chalkis Co Ltd (000972)	$217.63 Million	29.42%	16.12x	$437.91 Million
Zhengzhou Qianweiyangchu Food Co Ltd (001215)	$1.82 Billion	4.59%	0.27x	$696.81 Million
Qingdao Foods Co Ltd (001219)	$465.66 Million	16.99%	0.17x	$440.25 Million
Shandong Oriental Ocean Sci-Tech Co Ltd (002086)	$117.09 Million	24.08%	1.95x	$587.64 Million

About Angel Yeast Co Ltd

SHG:600298 China Packaged Foods

Market Cap

$4.86 Billion

CN¥33.24 Billion CNY

Market Cap Rank

#3686 Global

#598 in China

Share Price

CN¥38.30

Change (1 day)

+1.06%

52-Week Range

CN¥34.24 - CN¥45.60

All Time High

CN¥67.76