Bestore Co Ltd (603719) - Net Assets
Based on the latest financial reports, Bestore Co Ltd (603719) has net assets worth CN¥2.05 Billion CNY (≈ $299.72 Million 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¥3.42 Billion ≈ $499.91 Million USD) and total liabilities (CN¥1.37 Billion ≈ $200.19 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 Bestore Co Ltd (603719) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.05 Billion |
| % of Total Assets | 59.95% |
| Annual Growth Rate | 21.26% |
| 5-Year Change | -7.12% |
| 10-Year Change | 377.7% |
| Growth Volatility | 32.59 |
Bestore Co Ltd - Net Assets Trend (2015–2025)
This chart illustrates how Bestore Co Ltd's net assets have evolved over time, based on quarterly financial data. See 603719 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Bestore Co Ltd (2015–2025)
The table below shows the annual net assets of Bestore Co Ltd from 2015 to 2025. For live valuation and market cap data, see Bestore Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.00 Billion ≈ $292.76 Million |
-10.88% |
| 2024-12-31 | CN¥2.24 Billion ≈ $328.49 Million |
-9.76% |
| 2023-12-31 | CN¥2.49 Billion ≈ $364.00 Million |
+3.74% |
| 2022-12-31 | CN¥2.40 Billion ≈ $350.88 Million |
+11.31% |
| 2021-12-31 | CN¥2.15 Billion ≈ $315.22 Million |
+3.29% |
| 2020-12-31 | CN¥2.09 Billion ≈ $305.17 Million |
+42.34% |
| 2019-12-31 | CN¥1.47 Billion ≈ $214.40 Million |
+30.97% |
| 2018-12-31 | CN¥1.12 Billion ≈ $163.70 Million |
+30.76% |
| 2017-12-31 | CN¥855.57 Million ≈ $125.20 Million |
+104.29% |
| 2016-12-31 | CN¥418.80 Million ≈ $61.28 Million |
+43.89% |
| 2015-12-31 | CN¥291.06 Million ≈ $42.59 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Bestore 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 2012.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥777.07 Million | 38.94% |
| Other Components | CN¥1.22 Billion | 61.06% |
| Total Equity | CN¥2.00 Billion | 100.00% |
Bestore Co Ltd Competitors by Market Cap
The table below lists competitors of Bestore Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Jindun Fans Co Ltd
SHE:300411
|
$524.67 Million |
|
Solowin Holdings
NASDAQ:AXG
|
$524.75 Million |
|
Hyulim ROBOT Co.Ltd
KQ:090710
|
$524.76 Million |
|
Sichuan Huati Lighting Tech
SHG:603679
|
$524.78 Million |
|
Gansu Engineering Consulting Group Co Ltd
SHE:000779
|
$524.43 Million |
|
Ambiq Micro, Inc.
NYSE:AMBQ
|
$524.36 Million |
|
Jana Small Finance Bank
NSE:JSFB
|
$524.16 Million |
|
CapitaLand Malaysia Mall Trust
KLSE:5180
|
$523.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bestore Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,243,055,222 to 1,995,592,598, a change of -247,462,624 (-11.0%).
- Net loss of 147,652,273 reduced equity.
- Dividend payments of 99,564,622 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-147.65 Million | -7.4% |
| Dividends Paid | CN¥99.56 Million | -4.99% |
| Other Changes | CN¥-245.73K | -0.01% |
| Total Change | CN¥- | -11.03% |
Book Value vs Market Value Analysis
This analysis compares Bestore 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: 1.80x
- 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 9.72x to 1.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | CN¥0.92 | CN¥8.94 | x |
| 2016-12-31 | CN¥1.32 | CN¥8.94 | x |
| 2017-12-31 | CN¥2.45 | CN¥8.94 | x |
| 2018-12-31 | CN¥2.99 | CN¥8.94 | x |
| 2019-12-31 | CN¥3.95 | CN¥8.94 | x |
| 2020-12-31 | CN¥5.23 | CN¥8.94 | x |
| 2021-12-31 | CN¥5.33 | CN¥8.94 | x |
| 2022-12-31 | CN¥6.01 | CN¥8.94 | x |
| 2023-12-31 | CN¥6.21 | CN¥8.94 | x |
| 2024-12-31 | CN¥5.84 | CN¥8.94 | x |
| 2025-12-31 | CN¥4.98 | CN¥8.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bestore 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): -7.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.69%
- • Asset Turnover: 1.43x
- • Equity Multiplier: 1.92x
- Recent ROE (-7.40%) is below the historical average (12.11%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 16.21% | 1.44% | 1.74x | 6.45x | CN¥17.38 Million |
| 2016 | 24.66% | 2.31% | 1.65x | 6.48x | CN¥58.83 Million |
| 2017 | 4.59% | 0.71% | 1.84x | 3.53x | CN¥-45.37 Million |
| 2018 | 22.16% | 3.74% | 2.00x | 2.96x | CN¥130.87 Million |
| 2019 | 24.04% | 4.41% | 2.01x | 2.71x | CN¥198.79 Million |
| 2020 | 16.62% | 4.35% | 1.89x | 2.02x | CN¥136.88 Million |
| 2021 | 13.12% | 3.02% | 1.72x | 2.53x | CN¥66.97 Million |
| 2022 | 13.99% | 3.55% | 1.87x | 2.10x | CN¥95.60 Million |
| 2023 | 7.24% | 2.24% | 1.46x | 2.22x | CN¥-68.64 Million |
| 2024 | -2.06% | -0.64% | 1.52x | 2.10x | CN¥-270.41 Million |
| 2025 | -7.40% | -2.69% | 1.43x | 1.92x | CN¥-347.21 Million |
Industry Comparison
This section compares Bestore Co Ltd's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $2,082,192,569
- Average return on equity (ROE) among peers: 2.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bestore Co Ltd (603719) | CN¥2.05 Billion | 16.21% | 0.67x | $524.59 Million |
| Shenzhen Shenbao Industrial Co Ltd (000019) | $372.94 Million | 1.53% | 0.77x | $992.25 Million |
| Hainan Pearl River Holdings Co Ltd (000505) | $399.64 Million | -9.56% | 0.79x | $515.34 Million |
| Xiwang Foodstuffs Co Ltd (000639) | $135.06 Million | 5.79% | 0.97x | $206.92 Million |
| Nanfang Black Sesame Group Co Ltd (000716) | $199.49 Million | -32.62% | 2.81x | $473.73 Million |
| CNFC Overseas Fishery Co Ltd (000798) | $796.52 Million | 0.36% | 0.09x | $400.45 Million |
| Henan Shuanghui Investment & Development Co Ltd (000895) | $16.36 Billion | 24.69% | 0.34x | $11.55 Billion |
| Xinjiang Chalkis Co Ltd (000972) | $767.56 Million | 1.47% | 1.57x | $388.25 Million |
| Zhengzhou Qianweiyangchu Food Co Ltd (001215) | $405.77 Million | 18.27% | 1.07x | $599.98 Million |
| Qingdao Foods Co Ltd (001219) | $923.11 Million | 9.90% | 0.10x | $351.80 Million |
| Shandong Oriental Ocean Sci-Tech Co Ltd (002086) | $461.01 Million | 8.31% | 0.83x | $507.38 Million |
About Bestore Co Ltd
Bestore Co.,Ltd engages in the production, sale, and distribution of snack foods. It offers meat snacks, seafood snacks, vegetarian mountain delicacies, preserved plums, dried red dates, nuts, roasted seeds and nuts, beverages, candies, canned jelly, cheese and fish intestines, baked cakes, biscuits, and gift boxes. It also offers its products through online e-commerce. The company was founded in… Read more