Bright Dairy & Food Co Ltd
Bright Dairy & Food Co.,Ltd engages in the development, production, and sale of dairy products, breeding and cultivation of dairy cows, and logistics and distribution activities in China. It offers fresh milk and yogurt, ambient white milk and yogurt, lactic acid bacteria drinks, cold drinks, cheese, butter, and other products, as well as milk powder for infants, and middle-aged and elderly peopl… Read more
Bright Dairy & Food Co Ltd (600597) - Net Assets
Latest net assets as of September 2025: CN¥10.99 Billion CNY
Based on the latest financial reports, Bright Dairy & Food Co Ltd (600597) has net assets worth CN¥10.99 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¥22.38 Billion) and total liabilities (CN¥11.39 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¥10.99 Billion |
| % of Total Assets | 49.1% |
| Annual Growth Rate | 12.3% |
| 5-Year Change | 24.38% |
| 10-Year Change | 110.69% |
| Growth Volatility | 35.53 |
Bright Dairy & Food Co Ltd - Net Assets Trend (1999–2024)
This chart illustrates how Bright Dairy & Food 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 Bright Dairy & Food Co Ltd (1999–2024)
The table below shows the annual net assets of Bright Dairy & Food Co Ltd from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥11.09 Billion | -2.92% |
| 2023-12-31 | CN¥11.42 Billion | +8.29% |
| 2022-12-31 | CN¥10.55 Billion | +1.90% |
| 2021-12-31 | CN¥10.35 Billion | +16.11% |
| 2020-12-31 | CN¥8.92 Billion | +20.20% |
| 2019-12-31 | CN¥7.42 Billion | +9.32% |
| 2018-12-31 | CN¥6.78 Billion | +1.53% |
| 2017-12-31 | CN¥6.68 Billion | +8.48% |
| 2016-12-31 | CN¥6.16 Billion | +17.04% |
| 2015-12-31 | CN¥5.26 Billion | +1.22% |
| 2014-12-31 | CN¥5.20 Billion | +3.50% |
| 2013-12-31 | CN¥5.02 Billion | +13.54% |
| 2012-12-31 | CN¥4.42 Billion | +56.08% |
| 2011-12-31 | CN¥2.83 Billion | +5.51% |
| 2010-12-31 | CN¥2.69 Billion | +22.23% |
| 2009-12-31 | CN¥2.20 Billion | +5.70% |
| 2008-12-31 | CN¥2.08 Billion | -15.69% |
| 2007-12-31 | CN¥2.47 Billion | +7.50% |
| 2006-12-31 | CN¥2.29 Billion | +2.30% |
| 2005-12-31 | CN¥2.24 Billion | +0.29% |
| 2004-12-31 | CN¥2.24 Billion | +9.69% |
| 2003-12-31 | CN¥2.04 Billion | +20.33% |
| 2002-12-31 | CN¥1.69 Billion | +177.57% |
| 2001-12-31 | CN¥610.37 Million | +11.14% |
| 2000-12-31 | CN¥549.18 Million | -10.00% |
| 1999-12-31 | CN¥610.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bright Dairy & Food 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 4169.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.51 Billion | 47.58% |
| Common Stock | CN¥1.38 Billion | 14.55% |
| Other Comprehensive Income | CN¥-366.30 Million | -3.87% |
| Other Components | CN¥3.95 Billion | 41.73% |
| Total Equity | CN¥9.47 Billion | 100.00% |
Bright Dairy & Food Co Ltd Competitors by Market Cap
The table below lists competitors of Bright Dairy & Food Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lsb Industries Inc
NYSE:LXU
|
$708.65 Million |
|
Biotage AB (publ)
OTCGREY:BITGF
|
$709.17 Million |
|
Cal-Comp Electronics (Thailand) Public Company Limited
BK:CCET
|
$709.32 Million |
|
Guizhou Redstar Developing Co Ltd
SHG:600367
|
$709.52 Million |
|
MOD. TIMES GRP M B SK 25
F:MRTA
|
$708.15 Million |
|
Centuria Capital Group
PINK:CNECF
|
$708.11 Million |
|
Schrodinger Inc
NASDAQ:SDGR
|
$708.06 Million |
|
New Wave Group AB (publ)
ST:NEWA-B
|
$707.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bright Dairy & Food Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,922,461,845 to 9,474,894,106, a change of 552,432,261 (6.2%).
- Net income of 722,044,680 contributed positively to equity growth.
- Dividend payments of 479,548,619 reduced retained earnings.
- Other comprehensive income decreased equity by 209,006,658.
- Other factors increased equity by 518,942,858.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥722.04 Million | +7.62% |
| Dividends Paid | CN¥479.55 Million | -5.06% |
| Other Comprehensive Income | CN¥-209.01 Million | -2.21% |
| Other Changes | CN¥518.94 Million | +5.48% |
| Total Change | CN¥- | 6.19% |
Book Value vs Market Value Analysis
This analysis compares Bright Dairy & Food 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: 1.16x
- 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 13.79x to 1.16x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | CN¥0.57 | CN¥7.93 | x |
| 2000-12-31 | CN¥0.48 | CN¥7.93 | x |
| 2001-12-31 | CN¥0.52 | CN¥7.93 | x |
| 2002-12-31 | CN¥1.50 | CN¥7.93 | x |
| 2003-12-31 | CN¥1.77 | CN¥7.93 | x |
| 2004-12-31 | CN¥1.95 | CN¥7.93 | x |
| 2005-12-31 | CN¥2.01 | CN¥7.93 | x |
| 2006-12-31 | CN¥2.03 | CN¥7.93 | x |
| 2007-12-31 | CN¥2.24 | CN¥7.93 | x |
| 2008-12-31 | CN¥1.87 | CN¥7.93 | x |
| 2009-12-31 | CN¥2.06 | CN¥7.93 | x |
| 2010-12-31 | CN¥2.28 | CN¥7.93 | x |
| 2011-12-31 | CN¥2.37 | CN¥7.93 | x |
| 2012-12-31 | CN¥3.61 | CN¥7.93 | x |
| 2013-12-31 | CN¥3.48 | CN¥7.93 | x |
| 2014-12-31 | CN¥3.72 | CN¥7.93 | x |
| 2015-12-31 | CN¥3.69 | CN¥7.93 | x |
| 2016-12-31 | CN¥4.08 | CN¥7.93 | x |
| 2017-12-31 | CN¥4.32 | CN¥7.93 | x |
| 2018-12-31 | CN¥4.37 | CN¥7.93 | x |
| 2019-12-31 | CN¥4.67 | CN¥7.93 | x |
| 2020-12-31 | CN¥5.13 | CN¥7.93 | x |
| 2021-12-31 | CN¥6.37 | CN¥7.93 | x |
| 2022-12-31 | CN¥5.80 | CN¥7.93 | x |
| 2023-12-31 | CN¥6.46 | CN¥7.93 | x |
| 2024-12-31 | CN¥6.82 | CN¥7.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bright Dairy & Food 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): 7.62%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.97%
- • Asset Turnover: 1.06x
- • Equity Multiplier: 2.42x
- Recent ROE (7.62%) is below the historical average (10.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 12.73% | 5.26% | 1.36x | 1.78x | CN¥16.48 Million |
| 2000 | 20.65% | 4.57% | 1.53x | 2.95x | CN¥53.76 Million |
| 2001 | 29.96% | 4.63% | 1.92x | 3.36x | CN¥108.54 Million |
| 2002 | 14.34% | 4.51% | 1.71x | 1.86x | CN¥68.45 Million |
| 2003 | 15.18% | 4.72% | 1.73x | 1.86x | CN¥96.34 Million |
| 2004 | 15.51% | 4.69% | 1.90x | 1.74x | CN¥112.95 Million |
| 2005 | 10.00% | 3.06% | 1.88x | 1.74x | CN¥-93.72K |
| 2006 | 7.39% | 2.16% | 1.92x | 1.78x | CN¥-56.67 Million |
| 2007 | 8.92% | 2.59% | 1.97x | 1.74x | CN¥-25.65 Million |
| 2008 | -14.41% | -3.89% | 1.82x | 2.03x | CN¥-484.46 Million |
| 2009 | 5.81% | 1.54% | 1.93x | 1.96x | CN¥-88.20 Million |
| 2010 | 8.34% | 2.03% | 1.60x | 2.56x | CN¥-38.56 Million |
| 2011 | 9.70% | 2.02% | 1.60x | 3.01x | CN¥-7.31 Million |
| 2012 | 7.76% | 2.26% | 1.47x | 2.33x | CN¥-90.08 Million |
| 2013 | 9.49% | 2.49% | 1.41x | 2.70x | CN¥-21.77 Million |
| 2014 | 12.64% | 2.76% | 1.60x | 2.86x | CN¥119.24 Million |
| 2015 | 9.22% | 2.16% | 1.25x | 3.40x | CN¥-35.53 Million |
| 2016 | 11.28% | 2.79% | 1.26x | 3.22x | CN¥63.88 Million |
| 2017 | 11.57% | 2.81% | 1.33x | 3.09x | CN¥84.03 Million |
| 2018 | 6.40% | 1.63% | 1.17x | 3.36x | CN¥-191.94 Million |
| 2019 | 8.72% | 2.21% | 1.28x | 3.08x | CN¥-73.39 Million |
| 2020 | 9.68% | 2.41% | 1.24x | 3.23x | CN¥-20.08 Million |
| 2021 | 7.54% | 2.03% | 1.25x | 2.98x | CN¥-193.73 Million |
| 2022 | 4.51% | 1.28% | 1.15x | 3.06x | CN¥-439.26 Million |
| 2023 | 10.84% | 3.65% | 1.09x | 2.72x | CN¥75.08 Million |
| 2024 | 7.62% | 2.97% | 1.06x | 2.42x | CN¥-225.44 Million |
Industry Comparison
This section compares Bright Dairy & Food Co Ltd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $2,496,572,190
- Average return on equity (ROE) among peers: -3.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bright Dairy & Food Co Ltd (600597) | CN¥10.99 Billion | 12.73% | 1.04x | $708.39 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $65.61 Million | -62.17% | 1.91x | $345.26 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $199.49 Million | -32.62% | 2.81x | $346.21 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $727.64 Million | 8.49% | 0.27x | $430.25 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $16.36 Billion | 24.69% | 0.34x | $3.98 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $760.28 Million | -33.42% | 2.17x | $202.97 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $332.95 Million | 17.62% | 0.88x | $266.09 Million |
| Wenzhou Yuanfei Pet Toy Products Co. Ltd. A (001222) | $1.35 Billion | 9.31% | 0.15x | $160.97 Million |
| Guangdong Yuehai Feeds Group Co.Ltd. (001313) | $2.07 Billion | 7.87% | 0.47x | $169.20 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $393.72 Million | 8.08% | 0.70x | $460.31 Million |
| Xinjiang Tecon Animal Husbandry Bio-Technology Co Ltd (002100) | $2.70 Billion | 14.52% | 0.66x | $903.18 Million |