Added to YB: 2026-09-16
Pitch date: 2026-09-13
600598.SS [neutral]
Heilongjiang Agriculture Company Limited
Author Info
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Company Info
Heilongjiang Agriculture Company Limited engages in the contracting and management of cultivated land in China.
Market Cap
CNY 24.1B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.91
P/E
-67.94
EV/Sales
4.26
Sector
Food Products
Category
dividend
Heilongjiang Agriculture Company Limited - $600598.SS
600598.SS (overview): BeiDaHuang offers a recurring dividend backed by scarce black-soil farmland, with upfront lease income rather than direct farming exposure. Lease revenue rose 40% from 2019 to 2025 despite a stable 10.43 million mu footprint. At RMB 13.04, tax-adjusted 2025 earnings imply roughly 20x P/E and a 3.3% yield. The trade-off is limited volume growth, higher recurring taxes and land-policy or concession-renewal risk.
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