Heilongjiang Agriculture Co Ltd

SHG:600598 China Farm Products
Market Cap
$4.24 Billion
CN¥31.07 Billion CNY
Market Cap Rank
#5799 Global
#802 in China
Share Price
CN¥17.48
Change (1 day)
-0.79%
52-Week Range
CN¥13.83 - CN¥18.98
All Time High
CN¥20.54
Categories
Companies in China Farm Products
About

Heilongjiang Agriculture Company Limited engages in the contracting and management of cultivated land in China. The company offers rice, corn, soybean, and other agricultural products; and oilseeds products. It is also involved in agricultural technology development, technology consulting, and technical services and technology transfer; real estate development and management; food production; gra… Read more

Heilongjiang Agriculture Co Ltd (600598) - Net Assets

Latest net assets as of September 2025: CN¥7.99 Billion CNY

Based on the latest financial reports, Heilongjiang Agriculture Co Ltd (600598) has net assets worth CN¥7.99 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¥10.75 Billion) and total liabilities (CN¥2.76 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¥7.99 Billion
% of Total Assets 74.34%
Annual Growth Rate 6.45%
5-Year Change 12.94%
10-Year Change 37.4%
Growth Volatility 20.13

Heilongjiang Agriculture Co Ltd - Net Assets Trend (1998–2024)

This chart illustrates how Heilongjiang Agriculture 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 Heilongjiang Agriculture Co Ltd (1998–2024)

The table below shows the annual net assets of Heilongjiang Agriculture Co Ltd from 1998 to 2024.

Year Net Assets Change
2024-12-31 CN¥7.59 Billion +4.01%
2023-12-31 CN¥7.30 Billion +5.03%
2022-12-31 CN¥6.95 Billion +3.58%
2021-12-31 CN¥6.71 Billion -0.19%
2020-12-31 CN¥6.72 Billion +4.57%
2019-12-31 CN¥6.43 Billion +1.93%
2018-12-31 CN¥6.31 Billion +7.36%
2017-12-31 CN¥5.88 Billion +2.78%
2016-12-31 CN¥5.72 Billion +3.45%
2015-12-31 CN¥5.53 Billion -1.99%
2014-12-31 CN¥5.64 Billion +12.96%
2013-12-31 CN¥4.99 Billion -9.10%
2012-12-31 CN¥5.49 Billion -10.59%
2011-12-31 CN¥6.14 Billion +4.56%
2010-12-31 CN¥5.87 Billion +12.97%
2009-12-31 CN¥5.20 Billion +5.40%
2008-12-31 CN¥4.93 Billion +14.47%
2007-12-31 CN¥4.31 Billion +8.61%
2006-12-31 CN¥3.97 Billion -12.89%
2005-12-31 CN¥4.56 Billion +10.15%
2004-12-31 CN¥4.14 Billion +5.83%
2003-12-31 CN¥3.91 Billion +11.76%
2002-12-31 CN¥3.50 Billion +102.75%
2001-12-31 CN¥1.72 Billion +8.37%
2000-12-31 CN¥1.59 Billion +3.05%
1999-12-31 CN¥1.54 Billion +3.41%
1998-12-31 CN¥1.49 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Heilongjiang Agriculture 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 123719215600.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥1.24 Billion 15.87%
Common Stock CN¥1.78 Billion 22.80%
Other Comprehensive Income CN¥2.41 Billion 30.91%
Other Components CN¥2.37 Billion 30.43%
Total Equity CN¥7.80 Billion 100.00%

Heilongjiang Agriculture Co Ltd Competitors by Market Cap

The table below lists competitors of Heilongjiang Agriculture Co Ltd ranked by their market capitalization.

Company Market Cap
Sanbo Hospital Management Group Ltd. A
SHE:301293
 		$1.52 Billion
REN - Redes Energéticas Nacionais SGPS S.A
LS:RENE
 		$1.52 Billion
Newell Brands Inc.
LSE:0K7J
 		$1.52 Billion
Jeudan
CO:JDAN
 		$1.52 Billion
FOCI Fiber Optic Communications
TWO:3363
 		$1.52 Billion
China Power International Development Limited
F:HPD
 		$1.52 Billion
Ecovacs Robotics Co Ltd
SHG:603486
 		$1.52 Billion
TODCF
OTCGREY:TODCF
 		$1.51 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 7,503,446,906 to 7,797,275,364, a change of 293,828,458 (3.9%).
  • Net income of 1,087,210,053 contributed positively to equity growth.
  • Dividend payments of 780,765,159 reduced retained earnings.
  • Other comprehensive income increased equity by 2,409,499,740.
  • Other factors decreased equity by 2,422,116,176.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.09 Billion +13.94%
Dividends Paid CN¥780.77 Million -10.01%
Other Comprehensive Income CN¥2.41 Billion +30.9%
Other Changes CN¥-2.42 Billion -31.06%
Total Change CN¥- 3.92%

Book Value vs Market Value Analysis

This analysis compares Heilongjiang Agriculture 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: 3.99x
  • 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 19.23x to 3.99x 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¥0.91 CN¥17.48 x
1999-12-31 CN¥0.94 CN¥17.48 x
2000-12-31 CN¥0.97 CN¥17.48 x
2001-12-31 CN¥1.05 CN¥17.48 x
2002-12-31 CN¥2.13 CN¥17.48 x
2003-12-31 CN¥2.36 CN¥17.48 x
2004-12-31 CN¥2.44 CN¥17.48 x
2005-12-31 CN¥2.70 CN¥17.48 x
2006-12-31 CN¥2.34 CN¥17.48 x
2007-12-31 CN¥2.57 CN¥17.48 x
2008-12-31 CN¥2.90 CN¥17.48 x
2009-12-31 CN¥2.90 CN¥17.48 x
2010-12-31 CN¥3.14 CN¥17.48 x
2011-12-31 CN¥3.27 CN¥17.48 x
2012-12-31 CN¥3.07 CN¥17.48 x
2013-12-31 CN¥2.72 CN¥17.48 x
2014-12-31 CN¥3.19 CN¥17.48 x
2015-12-31 CN¥3.17 CN¥17.48 x
2016-12-31 CN¥3.29 CN¥17.48 x
2017-12-31 CN¥3.39 CN¥17.48 x
2018-12-31 CN¥3.66 CN¥17.48 x
2019-12-31 CN¥3.74 CN¥17.48 x
2020-12-31 CN¥3.92 CN¥17.48 x
2021-12-31 CN¥4.00 CN¥17.48 x
2022-12-31 CN¥4.04 CN¥17.48 x
2023-12-31 CN¥4.22 CN¥17.48 x
2024-12-31 CN¥4.39 CN¥17.48 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Heilongjiang Agriculture 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): 13.94%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 20.36%
  • • Asset Turnover: 0.59x
  • • Equity Multiplier: 1.15x
  • Recent ROE (13.94%) is above the historical average (12.37%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1998 33.01% 25.83% 0.44x 2.92x CN¥343.60 Million
1999 21.97% 19.29% 0.39x 2.96x CN¥184.90 Million
2000 19.76% 20.70% 0.34x 2.83x CN¥155.35 Million
2001 21.12% 25.90% 0.32x 2.52x CN¥191.83 Million
2002 10.89% 25.87% 0.24x 1.77x CN¥31.00 Million
2003 9.87% 20.54% 0.24x 1.97x CN¥-4.88 Million
2004 11.14% 13.93% 0.37x 2.16x CN¥45.73 Million
2005 11.22% 12.27% 0.42x 2.19x CN¥54.18 Million
2006 13.93% 11.43% 0.48x 2.51x CN¥150.85 Million
2007 12.85% 9.88% 0.52x 2.51x CN¥119.17 Million
2008 12.43% 10.48% 0.55x 2.15x CN¥114.91 Million
2009 7.23% 5.50% 0.54x 2.42x CN¥-137.12 Million
2010 6.37% 3.87% 0.52x 3.20x CN¥-203.29 Million
2011 7.65% 3.31% 0.74x 3.12x CN¥-135.53 Million
2012 -3.58% -1.38% 0.87x 2.99x CN¥-712.68 Million
2013 -7.71% -4.01% 0.68x 2.84x CN¥-865.24 Million
2014 14.09% 15.64% 0.62x 1.45x CN¥232.15 Million
2015 11.70% 18.03% 0.51x 1.28x CN¥95.69 Million
2016 12.58% 23.75% 0.40x 1.33x CN¥150.96 Million
2017 12.96% 26.07% 0.39x 1.27x CN¥178.21 Million
2018 15.00% 29.91% 0.41x 1.22x CN¥325.35 Million
2019 12.76% 27.28% 0.40x 1.18x CN¥183.80 Million
2020 14.22% 30.55% 0.40x 1.16x CN¥293.97 Million
2021 10.84% 21.22% 0.45x 1.13x CN¥59.63 Million
2022 13.57% 22.89% 0.52x 1.14x CN¥256.52 Million
2023 14.18% 21.09% 0.58x 1.16x CN¥313.37 Million
2024 13.94% 20.36% 0.59x 1.15x CN¥307.48 Million

Industry Comparison

This section compares Heilongjiang Agriculture Co Ltd's net assets metrics with peer companies in the Farm Products industry.

Industry Context

  • Industry: Farm Products
  • Average net assets among peers: $1,314,559,364
  • Average return on equity (ROE) among peers: 7.02%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Heilongjiang Agriculture Co Ltd (600598) CN¥7.99 Billion 33.01% 0.35x $1.52 Billion
ShenZhen Kondarl Group Co Ltd (000048) $493.88 Million 5.67% 1.45x $677.04 Million
Hunan Zhenghong Science and Technology Develop Co Ltd (000702) $473.86 Million 3.40% 0.49x $192.35 Million
Hefei Fengle Seed Co Ltd (000713) $541.01 Million 5.38% 1.28x $460.52 Million
Luoniushan Co Ltd (000735) $1.57 Billion 5.18% 0.35x $939.65 Million
New Hope Liuhe Co Ltd (000876) $4.62 Billion 8.84% 0.83x $3.80 Billion
Yuan Longping High-tech Agriculture Co Ltd (000998) $903.81 Million 2.44% 0.22x $1.92 Billion
Dongrui Food Group Co Ltd (001201) $326.81 Million 2.47% 0.90x $262.05 Million
Jiangxi Sunshine Dairy Co Ltd (001318) $555.07 Million 18.79% 0.29x $164.61 Million
Boen Group Co. Ltd. Cl A (001366) $521.42 Million 14.80% 0.42x $88.79 Million
Shandong Denghai Seeds Co Ltd (002041) $3.14 Billion 3.25% 0.20x $542.58 Million