Xinjiang Tianrun Dairy Co Ltd (600419) - Net Assets
Based on the latest financial reports, Xinjiang Tianrun Dairy Co Ltd (600419) has net assets worth CN¥2.60 Billion CNY (≈ $380.38 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¥5.77 Billion ≈ $843.90 Million USD) and total liabilities (CN¥3.17 Billion ≈ $463.52 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. Check 600419 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.60 Billion |
| % of Total Assets | 45.07% |
| Annual Growth Rate | 15.08% |
| 5-Year Change | 53.52% |
| 10-Year Change | 282.71% |
| Growth Volatility | 55.62 |
Xinjiang Tianrun Dairy Co Ltd - Net Assets Trend (1998–2024)
This chart illustrates how Xinjiang Tianrun Dairy Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Xinjiang Tianrun Dairy Co Ltd (600419) total assets for the complete picture of this company's asset base.
Annual Net Assets for Xinjiang Tianrun Dairy Co Ltd (1998–2024)
The table below shows the annual net assets of Xinjiang Tianrun Dairy Co Ltd from 1998 to 2024. For live valuation and market cap data, see Xinjiang Tianrun Dairy Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.65 Billion ≈ $387.22 Million |
-0.25% |
| 2023-12-31 | CN¥2.65 Billion ≈ $388.20 Million |
+4.50% |
| 2022-12-31 | CN¥2.54 Billion ≈ $371.49 Million |
+10.28% |
| 2021-12-31 | CN¥2.30 Billion ≈ $336.87 Million |
+33.56% |
| 2020-12-31 | CN¥1.72 Billion ≈ $252.23 Million |
+46.31% |
| 2019-12-31 | CN¥1.18 Billion ≈ $172.40 Million |
+9.17% |
| 2018-12-31 | CN¥1.08 Billion ≈ $157.92 Million |
+15.53% |
| 2017-12-31 | CN¥934.07 Million ≈ $136.68 Million |
+19.24% |
| 2016-12-31 | CN¥783.35 Million ≈ $114.63 Million |
+13.30% |
| 2015-12-31 | CN¥691.42 Million ≈ $101.18 Million |
+132.80% |
| 2014-12-31 | CN¥297.00 Million ≈ $43.46 Million |
+5.67% |
| 2013-12-31 | CN¥281.06 Million ≈ $41.13 Million |
+171.33% |
| 2012-12-31 | CN¥103.58 Million ≈ $15.16 Million |
-27.01% |
| 2011-12-31 | CN¥141.92 Million ≈ $20.77 Million |
+2.84% |
| 2010-12-31 | CN¥137.99 Million ≈ $20.19 Million |
+8.50% |
| 2009-12-31 | CN¥127.19 Million ≈ $18.61 Million |
-29.10% |
| 2008-12-31 | CN¥179.38 Million ≈ $26.25 Million |
+5.08% |
| 2007-12-31 | CN¥170.72 Million ≈ $24.98 Million |
-22.28% |
| 2006-12-31 | CN¥219.67 Million ≈ $32.14 Million |
-15.91% |
| 2005-12-31 | CN¥261.23 Million ≈ $38.23 Million |
-7.05% |
| 2004-12-31 | CN¥281.06 Million ≈ $41.13 Million |
-6.55% |
| 2003-12-31 | CN¥300.76 Million ≈ $44.01 Million |
+2.70% |
| 2002-12-31 | CN¥292.84 Million ≈ $42.85 Million |
+4.03% |
| 2001-12-31 | CN¥281.50 Million ≈ $41.19 Million |
+200.99% |
| 2000-12-31 | CN¥93.53 Million ≈ $13.69 Million |
+18.57% |
| 1999-12-31 | CN¥78.88 Million ≈ $11.54 Million |
+14.86% |
| 1998-12-31 | CN¥68.67 Million ≈ $10.05 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Xinjiang Tianrun Dairy 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 66436300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥664.36 Million | 27.53% |
| Common Stock | CN¥320.19 Million | 13.27% |
| Other Comprehensive Income | CN¥180.91 Million | 7.50% |
| Other Components | CN¥1.25 Billion | 51.70% |
| Total Equity | CN¥2.41 Billion | 100.00% |
Xinjiang Tianrun Dairy Co Ltd Competitors by Market Cap
The table below lists competitors of Xinjiang Tianrun Dairy Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mercuries & Associates Holding Ltd
TW:2905
|
$447.98 Million |
|
Jiangsu Yabang Dyestuff Co Ltd
SHG:603188
|
$448.04 Million |
|
Swedencare publ AB
ST:SECARE
|
$448.10 Million |
|
Duni AB
ST:DUNI
|
$448.13 Million |
|
Guolin Environmental Tech Co Ltd
SHE:300786
|
$447.80 Million |
|
Echoiq Ltd
AU:EIQ
|
$447.79 Million |
|
Bemobi Mobile Tech S.A
SA:BMOB3
|
$447.72 Million |
|
Assembly Biosciences Inc
NASDAQ:ASMB
|
$447.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xinjiang Tianrun Dairy Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,390,870,000 to 2,412,903,000, a change of 22,033,000 (0.9%).
- Net income of 43,659,000 contributed positively to equity growth.
- Dividend payments of 84,452,000 reduced retained earnings.
- Other comprehensive income increased equity by 21,267,106.
- Other factors increased equity by 41,558,894.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥43.66 Million | +1.81% |
| Dividends Paid | CN¥84.45 Million | -3.5% |
| Other Comprehensive Income | CN¥21.27 Million | +0.88% |
| Other Changes | CN¥41.56 Million | +1.72% |
| Total Change | CN¥- | 0.92% |
Book Value vs Market Value Analysis
This analysis compares Xinjiang Tianrun Dairy 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: 1.27x
- 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 26.55x to 1.27x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | CN¥0.37 | CN¥9.70 | x |
| 1999-12-31 | CN¥0.42 | CN¥9.70 | x |
| 2000-12-31 | CN¥0.50 | CN¥9.70 | x |
| 2001-12-31 | CN¥1.50 | CN¥9.70 | x |
| 2002-12-31 | CN¥1.53 | CN¥9.70 | x |
| 2003-12-31 | CN¥1.58 | CN¥9.70 | x |
| 2004-12-31 | CN¥1.47 | CN¥9.70 | x |
| 2005-12-31 | CN¥0.98 | CN¥9.70 | x |
| 2006-12-31 | CN¥0.98 | CN¥9.70 | x |
| 2007-12-31 | CN¥0.78 | CN¥9.70 | x |
| 2008-12-31 | CN¥0.82 | CN¥9.70 | x |
| 2009-12-31 | CN¥0.70 | CN¥9.70 | x |
| 2010-12-31 | CN¥0.73 | CN¥9.70 | x |
| 2011-12-31 | CN¥0.83 | CN¥9.70 | x |
| 2012-12-31 | CN¥0.56 | CN¥9.70 | x |
| 2013-12-31 | CN¥1.28 | CN¥9.70 | x |
| 2014-12-31 | CN¥1.40 | CN¥9.70 | x |
| 2015-12-31 | CN¥3.14 | CN¥9.70 | x |
| 2016-12-31 | CN¥3.15 | CN¥9.70 | x |
| 2017-12-31 | CN¥3.57 | CN¥9.70 | x |
| 2018-12-31 | CN¥3.90 | CN¥9.70 | x |
| 2019-12-31 | CN¥4.36 | CN¥9.70 | x |
| 2020-12-31 | CN¥5.95 | CN¥9.70 | x |
| 2021-12-31 | CN¥8.26 | CN¥9.70 | x |
| 2022-12-31 | CN¥7.30 | CN¥9.70 | x |
| 2023-12-31 | CN¥7.58 | CN¥9.70 | x |
| 2024-12-31 | CN¥7.65 | CN¥9.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xinjiang Tianrun Dairy 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): 1.81%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.56%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 2.57x
- Recent ROE (1.81%) is above the historical average (1.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 11.70% | 6.71% | 0.61x | 2.85x | CN¥1.17 Million |
| 1999 | 12.74% | 7.51% | 0.53x | 3.22x | CN¥2.16 Million |
| 2000 | 13.66% | 8.67% | 0.59x | 2.66x | CN¥3.42 Million |
| 2001 | 4.00% | 7.01% | 0.40x | 1.43x | CN¥-16.88 Million |
| 2002 | 4.24% | 7.49% | 0.35x | 1.62x | CN¥-16.52 Million |
| 2003 | 3.46% | 6.70% | 0.30x | 1.73x | CN¥-19.40 Million |
| 2004 | -4.78% | -8.77% | 0.28x | 1.97x | CN¥-40.93 Million |
| 2005 | -50.84% | -34.06% | 0.39x | 3.86x | CN¥-111.82 Million |
| 2006 | -0.41% | -0.22% | 0.59x | 3.19x | CN¥-19.22 Million |
| 2007 | -30.03% | -11.22% | 0.70x | 3.81x | CN¥-56.72 Million |
| 2008 | 6.94% | 2.23% | 0.78x | 4.02x | CN¥-4.75 Million |
| 2009 | -20.70% | -7.05% | 0.82x | 3.60x | CN¥-39.05 Million |
| 2010 | 7.21% | 2.89% | 1.15x | 2.17x | CN¥-3.86 Million |
| 2011 | 2.65% | 0.93% | 1.36x | 2.08x | CN¥-10.42 Million |
| 2012 | -36.73% | -23.66% | 0.71x | 2.19x | CN¥-48.44 Million |
| 2013 | 13.72% | 39.83% | 0.19x | 1.80x | CN¥9.46 Million |
| 2014 | 4.71% | 3.85% | 0.66x | 1.85x | CN¥-14.09 Million |
| 2015 | 7.71% | 8.64% | 0.55x | 1.63x | CN¥-15.10 Million |
| 2016 | 10.61% | 8.94% | 0.75x | 1.58x | CN¥4.51 Million |
| 2017 | 11.84% | 7.99% | 0.87x | 1.71x | CN¥15.42 Million |
| 2018 | 12.39% | 7.81% | 0.81x | 1.96x | CN¥22.06 Million |
| 2019 | 13.60% | 8.58% | 0.80x | 1.97x | CN¥36.95 Million |
| 2020 | 9.40% | 8.34% | 0.68x | 1.65x | CN¥-9.40 Million |
| 2021 | 6.75% | 7.10% | 0.61x | 1.56x | CN¥-72.22 Million |
| 2022 | 8.51% | 8.15% | 0.61x | 1.70x | CN¥-34.43 Million |
| 2023 | 5.94% | 5.23% | 0.48x | 2.38x | CN¥-97.06 Million |
| 2024 | 1.81% | 1.56% | 0.45x | 2.57x | CN¥-197.63 Million |
Industry Comparison
This section compares Xinjiang Tianrun Dairy Co Ltd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $2,994,389,347
- Average return on equity (ROE) among peers: 11.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xinjiang Tianrun Dairy Co Ltd (600419) | CN¥2.60 Billion | 11.70% | 1.22x | $447.84 Million |
| Shenzhen Shenbao Industrial Co Ltd (000019) | $296.80 Million | 11.46% | 0.53x | $1.26 Billion |
| Hainan Pearl River Holdings Co Ltd (000505) | $585.78 Million | -31.84% | 1.22x | $648.05 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $76.25 Million | 11.36% | 0.86x | $304.85 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $2.71 Billion | 2.87% | 0.70x | $570.04 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $256.68 Million | 54.64% | 0.92x | $499.50 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $23.15 Billion | 21.02% | 0.47x | $14.05 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $628.09 Million | 8.48% | 2.86x | $440.17 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $1.82 Billion | 4.59% | 0.27x | $687.56 Million |
| Qingdao Foods Co Ltd (001219) | $299.34 Million | 12.12% | 0.20x | $447.10 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $117.09 Million | 24.08% | 1.95x | $584.78 Million |
About Xinjiang Tianrun Dairy Co Ltd
Xinjiang Tianrun Dairy Co., Ltd. manufactures and sells dairy products in China. The company offers pure milk, yogurt, and milk beer. It is also involved in the animal husbandry business. Xinjiang Tianrun Dairy Co., Ltd. was founded in 1999 and is based in Urumqi, China.