Shanghai Milkground Food Tech Co Ltd
Shanghai Milkground Food Tech Co., Ltd engages in the manufacture and sale of cheese and liquid milk products to consumers and industrial clients in China. It offers the instant nutrition series, including cheese sticks, adult hand-torn cheese sticks, cod cheese sticks, cheese cubes, mousse cheese cups, fresh cheese, children's growth cups, daily cheese, and cheese time series cheese snacks; fami… Read more
Shanghai Milkground Food Tech Co Ltd (600882) - Net Assets
Latest net assets as of September 2025: CN¥4.62 Billion CNY
Based on the latest financial reports, Shanghai Milkground Food Tech Co Ltd (600882) has net assets worth CN¥4.62 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¥8.47 Billion) and total liabilities (CN¥3.84 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¥4.62 Billion |
| % of Total Assets | 54.6% |
| Annual Growth Rate | 11.53% |
| 5-Year Change | 140.6% |
| 10-Year Change | 304.45% |
| Growth Volatility | 41.46 |
Shanghai Milkground Food Tech Co Ltd - Net Assets Trend (1995–2024)
This chart illustrates how Shanghai Milkground Food Tech 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 Shanghai Milkground Food Tech Co Ltd (1995–2024)
The table below shows the annual net assets of Shanghai Milkground Food Tech Co Ltd from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.41 Billion | +2.48% |
| 2023-12-31 | CN¥4.30 Billion | -11.77% |
| 2022-12-31 | CN¥4.88 Billion | -0.60% |
| 2021-12-31 | CN¥4.91 Billion | +167.72% |
| 2020-12-31 | CN¥1.83 Billion | +44.79% |
| 2019-12-31 | CN¥1.27 Billion | +3.90% |
| 2018-12-31 | CN¥1.22 Billion | +3.54% |
| 2017-12-31 | CN¥1.18 Billion | +1.43% |
| 2016-12-31 | CN¥1.16 Billion | +6.40% |
| 2015-12-31 | CN¥1.09 Billion | -20.62% |
| 2014-12-31 | CN¥1.37 Billion | -5.98% |
| 2013-12-31 | CN¥1.46 Billion | +11.51% |
| 2012-12-31 | CN¥1.31 Billion | +5525.83% |
| 2011-12-31 | CN¥-24.14 Million | -106.84% |
| 2010-12-31 | CN¥352.75 Million | -17.48% |
| 2009-12-31 | CN¥427.50 Million | -0.89% |
| 2008-12-31 | CN¥431.32 Million | -25.12% |
| 2007-12-31 | CN¥575.99 Million | +9.30% |
| 2006-12-31 | CN¥527.00 Million | +2.39% |
| 2005-12-31 | CN¥514.72 Million | +4.91% |
| 2004-12-31 | CN¥490.65 Million | +0.06% |
| 2003-12-31 | CN¥490.34 Million | +0.32% |
| 2002-12-31 | CN¥488.75 Million | +0.77% |
| 2001-12-31 | CN¥485.03 Million | -8.31% |
| 2000-12-31 | CN¥529.02 Million | +2.22% |
| 1999-12-31 | CN¥517.55 Million | +55.77% |
| 1998-12-31 | CN¥332.24 Million | +2.74% |
| 1997-12-31 | CN¥323.39 Million | +50.56% |
| 1996-12-31 | CN¥214.79 Million | +15.43% |
| 1995-12-31 | CN¥186.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shanghai Milkground Food Tech 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 decreased by 5976.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥512.05 Million | 11.61% |
| Other Components | CN¥4.41 Billion | 99.95% |
| Total Equity | CN¥4.41 Billion | 100.00% |
Shanghai Milkground Food Tech Co Ltd Competitors by Market Cap
The table below lists competitors of Shanghai Milkground Food Tech Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Hanbell Precise Machinery Co Ltd
SHE:002158
|
$627.08 Million |
|
Yunnan Xiyi Industrial Co Ltd
SHE:002265
|
$627.22 Million |
|
Shanghai Pudong Road & Bridge Construction Co Ltd
SHG:600284
|
$627.27 Million |
|
Goldlok Toys Holdings Guangdong Co Ltd
SHE:002348
|
$627.40 Million |
|
Godrej Industries Limited
NSE:GODREJIND
|
$626.85 Million |
|
ERAMET S.A
PINK:ERMAF
|
$626.80 Million |
|
Ta Liang Technology Co Ltd
TW:3167
|
$626.62 Million |
|
Grupo de Inversiones Suramericana S.A
PINK:GIVPY
|
$626.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Milkground Food Tech Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,302,543,727 to 4,409,235,955, a change of 106,692,228 (2.5%).
- Net income of 113,620,699 contributed positively to equity growth.
- Dividend payments of 24,691,959 reduced retained earnings.
- Share repurchases of 31,490,444 reduced equity.
- Other factors increased equity by 49,253,932.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥113.62 Million | +2.58% |
| Dividends Paid | CN¥24.69 Million | -0.56% |
| Share Repurchases | CN¥31.49 Million | -0.71% |
| Other Changes | CN¥49.25 Million | +1.12% |
| Total Change | CN¥- | 2.48% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Milkground Food Tech 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: 2.36x
- 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 19.92x to 2.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | CN¥1.04 | CN¥20.72 | x |
| 1996-12-31 | CN¥1.20 | CN¥20.72 | x |
| 1997-12-31 | CN¥1.81 | CN¥20.72 | x |
| 1998-12-31 | CN¥1.86 | CN¥20.72 | x |
| 1999-12-31 | CN¥2.89 | CN¥20.72 | x |
| 2000-12-31 | CN¥2.96 | CN¥20.72 | x |
| 2001-12-31 | CN¥2.70 | CN¥20.72 | x |
| 2002-12-31 | CN¥2.72 | CN¥20.72 | x |
| 2003-12-31 | CN¥2.73 | CN¥20.72 | x |
| 2004-12-31 | CN¥2.74 | CN¥20.72 | x |
| 2005-12-31 | CN¥2.79 | CN¥20.72 | x |
| 2006-12-31 | CN¥2.54 | CN¥20.72 | x |
| 2007-12-31 | CN¥2.80 | CN¥20.72 | x |
| 2008-12-31 | CN¥2.02 | CN¥20.72 | x |
| 2009-12-31 | CN¥1.36 | CN¥20.72 | x |
| 2010-12-31 | CN¥1.62 | CN¥20.72 | x |
| 2011-12-31 | CN¥-0.14 | CN¥20.72 | x |
| 2012-12-31 | CN¥5.08 | CN¥20.72 | x |
| 2013-12-31 | CN¥3.61 | CN¥20.72 | x |
| 2014-12-31 | CN¥3.42 | CN¥20.72 | x |
| 2015-12-31 | CN¥2.70 | CN¥20.72 | x |
| 2016-12-31 | CN¥2.88 | CN¥20.72 | x |
| 2017-12-31 | CN¥2.75 | CN¥20.72 | x |
| 2018-12-31 | CN¥2.98 | CN¥20.72 | x |
| 2019-12-31 | CN¥3.12 | CN¥20.72 | x |
| 2020-12-31 | CN¥3.64 | CN¥20.72 | x |
| 2021-12-31 | CN¥9.64 | CN¥20.72 | x |
| 2022-12-31 | CN¥8.76 | CN¥20.72 | x |
| 2023-12-31 | CN¥8.55 | CN¥20.72 | x |
| 2024-12-31 | CN¥8.77 | CN¥20.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Milkground Food Tech 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): 2.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.35%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 1.75x
- Recent ROE (2.58%) is above the historical average (1.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 13.18% | 8.30% | 0.71x | 2.23x | CN¥5.93 Million |
| 1996 | 13.21% | 8.47% | 0.64x | 2.44x | CN¥6.89 Million |
| 1997 | 9.32% | 9.58% | 0.51x | 1.92x | CN¥-2.19 Million |
| 1998 | 7.09% | 6.88% | 0.52x | 2.00x | CN¥-9.66 Million |
| 1999 | 6.16% | 7.98% | 0.45x | 1.71x | CN¥-19.88 Million |
| 2000 | 0.63% | 0.85% | 0.42x | 1.77x | CN¥-49.55 Million |
| 2001 | 1.33% | 1.54% | 0.45x | 1.93x | CN¥-41.95 Million |
| 2002 | 0.84% | 0.92% | 0.43x | 2.15x | CN¥-44.63 Million |
| 2003 | 0.46% | 0.49% | 0.44x | 2.15x | CN¥-46.66 Million |
| 2004 | 0.49% | 0.38% | 0.48x | 2.66x | CN¥-46.57 Million |
| 2005 | 2.16% | 1.73% | 0.42x | 2.96x | CN¥-39.15 Million |
| 2006 | 2.76% | 2.05% | 0.45x | 3.01x | CN¥-37.15 Million |
| 2007 | 3.03% | 2.07% | 0.49x | 3.00x | CN¥-38.75 Million |
| 2008 | -21.19% | -10.95% | 0.48x | 4.02x | CN¥-133.48 Million |
| 2009 | 2.56% | 1.44% | 0.49x | 3.60x | CN¥-31.53 Million |
| 2010 | -20.34% | -9.03% | 0.49x | 4.57x | CN¥-106.10 Million |
| 2011 | 0.00% | -54.96% | 0.52x | 0.00x | CN¥-378.23 Million |
| 2012 | 17.52% | 17.01% | 0.72x | 1.43x | CN¥97.59 Million |
| 2013 | 15.25% | 22.05% | 0.56x | 1.23x | CN¥75.99 Million |
| 2014 | 8.48% | 14.21% | 0.49x | 1.22x | CN¥-20.69 Million |
| 2015 | -25.57% | -76.18% | 0.22x | 1.52x | CN¥-382.43 Million |
| 2016 | 2.78% | 6.30% | 0.24x | 1.87x | CN¥-83.78 Million |
| 2017 | 0.36% | 0.44% | 0.37x | 2.25x | CN¥-113.38 Million |
| 2018 | 0.87% | 0.87% | 0.46x | 2.21x | CN¥-111.18 Million |
| 2019 | 1.52% | 1.10% | 0.71x | 1.93x | CN¥-107.34 Million |
| 2020 | 3.99% | 2.08% | 0.92x | 2.08x | CN¥-89.30 Million |
| 2021 | 3.42% | 3.45% | 0.67x | 1.48x | CN¥-296.73 Million |
| 2022 | 3.09% | 2.85% | 0.65x | 1.67x | CN¥-307.01 Million |
| 2023 | 1.40% | 1.13% | 0.78x | 1.59x | CN¥-370.19 Million |
| 2024 | 2.58% | 2.35% | 0.63x | 1.75x | CN¥-327.30 Million |
Industry Comparison
This section compares Shanghai Milkground Food Tech 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 |
|---|---|---|---|---|
| Shanghai Milkground Food Tech Co Ltd (600882) | CN¥4.62 Billion | 13.18% | 0.83x | $626.85 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 |