Heilongjiang Agriculture Co Ltd (600598) - Net Assets
Based on the latest financial reports, Heilongjiang Agriculture Co Ltd (600598) has net assets worth CN¥8.38 Billion CNY (≈ $1.23 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥15.35 Billion ≈ $2.25 Billion USD) and total liabilities (CN¥6.97 Billion ≈ $1.02 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 Heilongjiang Agriculture Co Ltd (600598) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥8.38 Billion |
| % of Total Assets | 54.57% |
| Annual Growth Rate | 6.32% |
| 5-Year Change | 16.4% |
| 10-Year Change | 36.63% |
| Growth Volatility | 19.78 |
Heilongjiang Agriculture Co Ltd - Net Assets Trend (1998–2025)
This chart illustrates how Heilongjiang Agriculture Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Heilongjiang Agriculture Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Heilongjiang Agriculture Co Ltd (1998–2025)
The table below shows the annual net assets of Heilongjiang Agriculture Co Ltd from 1998 to 2025. For live valuation and market cap data, see Heilongjiang Agriculture Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥7.81 Billion ≈ $1.14 Billion |
+2.87% |
| 2024-12-31 | CN¥7.59 Billion ≈ $1.11 Billion |
+4.01% |
| 2023-12-31 | CN¥7.30 Billion ≈ $1.07 Billion |
+5.03% |
| 2022-12-31 | CN¥6.95 Billion ≈ $1.02 Billion |
+3.58% |
| 2021-12-31 | CN¥6.71 Billion ≈ $982.00 Million |
-0.19% |
| 2020-12-31 | CN¥6.72 Billion ≈ $983.85 Million |
+4.57% |
| 2019-12-31 | CN¥6.43 Billion ≈ $940.88 Million |
+1.93% |
| 2018-12-31 | CN¥6.31 Billion ≈ $923.04 Million |
+7.36% |
| 2017-12-31 | CN¥5.88 Billion ≈ $859.79 Million |
+2.78% |
| 2016-12-31 | CN¥5.72 Billion ≈ $836.56 Million |
+3.45% |
| 2015-12-31 | CN¥5.53 Billion ≈ $808.70 Million |
-1.99% |
| 2014-12-31 | CN¥5.64 Billion ≈ $825.10 Million |
+12.96% |
| 2013-12-31 | CN¥4.99 Billion ≈ $730.42 Million |
-9.10% |
| 2012-12-31 | CN¥5.49 Billion ≈ $803.57 Million |
-10.59% |
| 2011-12-31 | CN¥6.14 Billion ≈ $898.77 Million |
+4.56% |
| 2010-12-31 | CN¥5.87 Billion ≈ $859.55 Million |
+12.97% |
| 2009-12-31 | CN¥5.20 Billion ≈ $760.85 Million |
+5.40% |
| 2008-12-31 | CN¥4.93 Billion ≈ $721.91 Million |
+14.47% |
| 2007-12-31 | CN¥4.31 Billion ≈ $630.65 Million |
+8.61% |
| 2006-12-31 | CN¥3.97 Billion ≈ $580.63 Million |
-12.89% |
| 2005-12-31 | CN¥4.56 Billion ≈ $666.57 Million |
+10.15% |
| 2004-12-31 | CN¥4.14 Billion ≈ $605.17 Million |
+5.83% |
| 2003-12-31 | CN¥3.91 Billion ≈ $571.81 Million |
+11.76% |
| 2002-12-31 | CN¥3.50 Billion ≈ $511.63 Million |
+102.75% |
| 2001-12-31 | CN¥1.72 Billion ≈ $252.35 Million |
+8.37% |
| 2000-12-31 | CN¥1.59 Billion ≈ $232.87 Million |
+3.05% |
| 1999-12-31 | CN¥1.54 Billion ≈ $225.96 Million |
+3.41% |
| 1998-12-31 | CN¥1.49 Billion ≈ $218.51 Million |
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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 125043868500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.25 Billion | 15.62% |
| Common Stock | CN¥1.78 Billion | 22.21% |
| Other Comprehensive Income | CN¥2.60 Billion | 32.52% |
| Other Components | CN¥2.37 Billion | 29.65% |
| Total Equity | CN¥8.00 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 |
|---|---|
|
FIT Hon Teng Limited
F:0FJ
|
$3.65 Billion |
|
GRG Banking Equipment Co Ltd
SHE:002152
|
$3.65 Billion |
|
WSFS Financial Corporation
NASDAQ:WSFS
|
$3.65 Billion |
|
Edgewise Therapeutics Inc
NASDAQ:EWTX
|
$3.65 Billion |
|
COPT Defense Properties
NYSE:CDP
|
$3.65 Billion |
|
Advance Auto Parts Inc
NYSE:AAP
|
$3.64 Billion |
|
Hafnia Ltd
OL:HAFNI
|
$3.64 Billion |
|
LG Display Co. Ltd
F:LGA
|
$3.64 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 2024 to 2025, total equity changed from 7,797,275,364 to 8,003,251,978, a change of 205,976,614 (2.6%).
- Net income of 1,166,182,575 contributed positively to equity growth.
- Dividend payments of 977,723,949 reduced retained earnings.
- Other comprehensive income increased equity by 192,730,086.
- Other factors decreased equity by 175,212,098.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.17 Billion | +14.57% |
| Dividends Paid | CN¥977.72 Million | -12.22% |
| Other Comprehensive Income | CN¥192.73 Million | +2.41% |
| Other Changes | CN¥-175.21 Million | -2.19% |
| Total Change | CN¥- | 2.64% |
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: 3.11x
- 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 15.43x to 3.11x 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¥14.02 | x |
| 1999-12-31 | CN¥0.94 | CN¥14.02 | x |
| 2000-12-31 | CN¥0.97 | CN¥14.02 | x |
| 2001-12-31 | CN¥1.05 | CN¥14.02 | x |
| 2002-12-31 | CN¥2.13 | CN¥14.02 | x |
| 2003-12-31 | CN¥2.36 | CN¥14.02 | x |
| 2004-12-31 | CN¥2.44 | CN¥14.02 | x |
| 2005-12-31 | CN¥2.70 | CN¥14.02 | x |
| 2006-12-31 | CN¥2.34 | CN¥14.02 | x |
| 2007-12-31 | CN¥2.57 | CN¥14.02 | x |
| 2008-12-31 | CN¥2.90 | CN¥14.02 | x |
| 2009-12-31 | CN¥2.90 | CN¥14.02 | x |
| 2010-12-31 | CN¥3.14 | CN¥14.02 | x |
| 2011-12-31 | CN¥3.27 | CN¥14.02 | x |
| 2012-12-31 | CN¥3.07 | CN¥14.02 | x |
| 2013-12-31 | CN¥2.72 | CN¥14.02 | x |
| 2014-12-31 | CN¥3.19 | CN¥14.02 | x |
| 2015-12-31 | CN¥3.17 | CN¥14.02 | x |
| 2016-12-31 | CN¥3.29 | CN¥14.02 | x |
| 2017-12-31 | CN¥3.39 | CN¥14.02 | x |
| 2018-12-31 | CN¥3.66 | CN¥14.02 | x |
| 2019-12-31 | CN¥3.74 | CN¥14.02 | x |
| 2020-12-31 | CN¥3.92 | CN¥14.02 | x |
| 2021-12-31 | CN¥4.00 | CN¥14.02 | x |
| 2022-12-31 | CN¥4.04 | CN¥14.02 | x |
| 2023-12-31 | CN¥4.22 | CN¥14.02 | x |
| 2024-12-31 | CN¥4.39 | CN¥14.02 | x |
| 2025-12-31 | CN¥4.50 | CN¥14.02 | 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): 14.57%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.31%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.12x
- Recent ROE (14.57%) is above the historical average (12.45%), 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 |
| 2025 | 14.57% | 22.31% | 0.58x | 1.12x | CN¥365.86 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: $2,544,710,464
- Average return on equity (ROE) among peers: 10.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Heilongjiang Agriculture Co Ltd (600598) | CN¥8.38 Billion | 33.01% | 0.83x | $3.65 Billion |
| ShenZhen Kondarl Group Co Ltd (000048) | $2.66 Billion | 29.04% | 5.59x | $1.48 Billion |
| Guangdong Guanghong Holdings Co Ltd (000529) | $1.67 Billion | 9.74% | 0.64x | $407.49 Million |
| Hunan Zhenghong Science and Technology Develop Co Ltd (000702) | $441.40 Million | -5.94% | 0.65x | $275.93 Million |
| Hefei Fengle Seed Co Ltd (000713) | $596.43 Million | 9.23% | 0.24x | $678.63 Million |
| Luoniushan Co Ltd (000735) | $1.17 Billion | -8.65% | 0.76x | $886.32 Million |
| New Hope Liuhe Co Ltd (000876) | $12.37 Billion | 21.37% | 0.75x | $4.30 Billion |
| Yuan Longping High-tech Agriculture Co Ltd (000998) | $1.23 Billion | 6.07% | 0.99x | $1.75 Billion |
| Dongrui Food Group Co Ltd (001201) | $268.03 Million | 34.67% | 0.73x | $423.24 Million |
| Jiangxi Sunshine Dairy Co Ltd (001318) | $1.27 Billion | 8.70% | 0.07x | $450.43 Million |
| Shandong Denghai Seeds Co Ltd (002041) | $3.76 Billion | 4.43% | 0.18x | $1.12 Billion |
About Heilongjiang Agriculture Co Ltd
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 real estate development and management; food production; grain procurement; agricultural technology development, technology consulting, and technical services and techn… Read more