China Resources Beer Holdings Co Ltd
China Resources Beer (Holdings) Company Limited, an investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China. It offers beer and baijiu products. The company was formerly known as China Resources Enterprise, Limited and changed its name to China Resources Beer (Holdings) Company Limited in October 2015. The company was incorporated in 1965 and is base… Read more
China Resources Beer Holdings Co Ltd (CRHKF) - Net Assets
Latest net assets as of June 2025: $40.06 Billion USD
Based on the latest financial reports, China Resources Beer Holdings Co Ltd (CRHKF) has net assets worth $40.06 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($71.19 Billion) and total liabilities ($31.12 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 | $40.06 Billion |
| % of Total Assets | 56.28% |
| Annual Growth Rate | 3.35% |
| 5-Year Change | 67.27% |
| 10-Year Change | 84.28% |
| Growth Volatility | 17.0 |
China Resources Beer Holdings Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how China Resources Beer Holdings 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 China Resources Beer Holdings Co Ltd (2002–2024)
The table below shows the annual net assets of China Resources Beer Holdings Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $35.59 Billion | +4.13% |
| 2023-12-31 | $34.17 Billion | +26.21% |
| 2022-12-31 | $27.08 Billion | +10.57% |
| 2021-12-31 | $24.49 Billion | +15.11% |
| 2020-12-31 | $21.27 Billion | +7.84% |
| 2019-12-31 | $19.73 Billion | +4.32% |
| 2018-12-31 | $18.91 Billion | +2.30% |
| 2017-12-31 | $18.48 Billion | +4.63% |
| 2016-12-31 | $17.67 Billion | -8.51% |
| 2015-12-31 | $19.31 Billion | -65.32% |
| 2014-12-31 | $55.67 Billion | +19.52% |
| 2013-12-31 | $46.58 Billion | +7.56% |
| 2012-12-31 | $43.31 Billion | +9.24% |
| 2011-12-31 | $39.64 Billion | +12.66% |
| 2010-12-31 | $35.19 Billion | +12.76% |
| 2009-12-31 | $31.21 Billion | +2.74% |
| 2008-12-31 | $30.38 Billion | +7.50% |
| 2007-12-31 | $28.26 Billion | +12.88% |
| 2006-12-31 | $25.03 Billion | +4.81% |
| 2005-12-31 | $23.88 Billion | +8.85% |
| 2004-12-31 | $21.94 Billion | +18.93% |
| 2003-12-31 | $18.45 Billion | +7.11% |
| 2002-12-31 | $17.22 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Resources Beer Holdings 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 1996000000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $19.96 Billion | 62.98% |
| Common Stock | $14.09 Billion | 44.46% |
| Other Comprehensive Income | $-2.36 Billion | -7.44% |
| Total Equity | $31.69 Billion | 100.00% |
China Resources Beer Holdings Co Ltd Competitors by Market Cap
The table below lists competitors of China Resources Beer Holdings Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Symbotic Inc
NASDAQ:SYM
|
$5.79 Billion |
|
Fondul Proprietatea S.A. GDR
LSE:FP
|
$5.79 Billion |
|
GEM CO. LTD SP.GDR/10 A
F:3730
|
$5.79 Billion |
|
Sumitomo Metal Mining Co. Ltd
PINK:STMNF
|
$5.80 Billion |
|
Shanghai Fosun Pharmaceutical Group Co Ltd
SHG:600196
|
$5.78 Billion |
|
Bayan Resources Tbk
JK:BYAN
|
$5.78 Billion |
|
Public Power Corporation S.A.
AT:PPC
|
$5.78 Billion |
|
Mondi plc
PINK:MNODF
|
$5.78 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Resources Beer Holdings Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 30,295,000,000 to 31,692,000,000, a change of 1,397,000,000 (4.6%).
- Net income of 4,739,000,000 contributed positively to equity growth.
- Dividend payments of 3,363,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 21,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.74 Billion | +14.95% |
| Dividends Paid | $3.36 Billion | -10.61% |
| Other Comprehensive Income | $21.00 Million | +0.07% |
| Total Change | $- | 4.61% |
Book Value vs Market Value Analysis
This analysis compares China Resources Beer Holdings 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: 0.38x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.62x to 0.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $6.00 | $3.71 | x |
| 2003-12-31 | $6.23 | $3.71 | x |
| 2004-12-31 | $7.29 | $3.71 | x |
| 2005-12-31 | $7.82 | $3.71 | x |
| 2006-12-31 | $7.41 | $3.71 | x |
| 2007-12-31 | $8.20 | $3.71 | x |
| 2008-12-31 | $8.47 | $3.71 | x |
| 2009-12-31 | $8.70 | $3.71 | x |
| 2010-12-31 | $10.01 | $3.71 | x |
| 2011-12-31 | $11.22 | $3.71 | x |
| 2012-12-31 | $12.51 | $3.71 | x |
| 2013-12-31 | $13.13 | $3.71 | x |
| 2014-12-31 | $14.82 | $3.71 | x |
| 2015-12-31 | $3.80 | $3.71 | x |
| 2016-12-31 | $6.13 | $3.71 | x |
| 2017-12-31 | $5.68 | $3.71 | x |
| 2018-12-31 | $5.81 | $3.71 | x |
| 2019-12-31 | $6.06 | $3.71 | x |
| 2020-12-31 | $6.54 | $3.71 | x |
| 2021-12-31 | $7.53 | $3.71 | x |
| 2022-12-31 | $8.33 | $3.71 | x |
| 2023-12-31 | $9.34 | $3.71 | x |
| 2024-12-31 | $9.77 | $3.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Resources Beer Holdings 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): 14.95%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.27%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 2.19x
- Recent ROE (14.95%) is above the historical average (9.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 10.86% | 4.87% | 1.02x | 2.18x | $117.86 Million |
| 2003 | 10.83% | 4.20% | 1.11x | 2.33x | $118.27 Million |
| 2004 | 10.16% | 3.41% | 1.20x | 2.49x | $26.73 Million |
| 2005 | 12.20% | 4.14% | 1.18x | 2.50x | $416.74 Million |
| 2006 | 14.50% | 4.24% | 1.37x | 2.49x | $864.23 Million |
| 2007 | 23.92% | 10.62% | 0.85x | 2.65x | $2.98 Billion |
| 2008 | 9.23% | 3.59% | 0.93x | 2.78x | $-170.73 Million |
| 2009 | 11.27% | 4.54% | 0.85x | 2.92x | $289.05 Million |
| 2010 | 18.41% | 6.54% | 0.97x | 2.90x | $2.21 Billion |
| 2011 | 8.29% | 2.74% | 0.97x | 3.13x | $-503.73 Million |
| 2012 | 9.68% | 3.13% | 0.99x | 3.13x | $-104.03 Million |
| 2013 | 4.33% | 1.30% | 0.94x | 3.52x | $-1.95 Billion |
| 2014 | -0.33% | -0.10% | 0.93x | 3.72x | $-4.03 Billion |
| 2015 | -33.28% | -11.47% | 0.68x | 4.25x | $-4.35 Billion |
| 2016 | 3.57% | 2.19% | 0.67x | 2.42x | $-1.13 Billion |
| 2017 | 6.38% | 3.95% | 0.73x | 2.21x | $-667.10 Million |
| 2018 | 5.18% | 3.07% | 0.81x | 2.08x | $-907.80 Million |
| 2019 | 6.67% | 3.95% | 0.80x | 2.11x | $-655.00 Million |
| 2020 | 9.87% | 6.66% | 0.72x | 2.06x | $-27.70 Million |
| 2021 | 18.77% | 13.74% | 0.65x | 2.09x | $2.14 Billion |
| 2022 | 16.07% | 12.32% | 0.62x | 2.12x | $1.64 Billion |
| 2023 | 17.01% | 13.24% | 0.54x | 2.36x | $2.12 Billion |
| 2024 | 14.95% | 12.27% | 0.56x | 2.19x | $1.57 Billion |
Industry Comparison
This section compares China Resources Beer Holdings Co Ltd's net assets metrics with peer companies in the Beverages - Brewers industry.
Industry Context
- Industry: Beverages - Brewers
- Average net assets among peers: $82,929,145,541
- Average return on equity (ROE) among peers: 9.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Resources Beer Holdings Co Ltd (CRHKF) | $40.06 Billion | 10.86% | 0.78x | $5.79 Billion |
| Asahi Group Holdings Ltd (ASBRF) | $577.70 Billion | 8.25% | 1.48x | $15.32 Billion |
| Budweiser Brewing Company APAC Limited (BDWBY) | $80.89 Billion | 5.53% | 0.63x | $7.10 Billion |
| Big Rock Brewery Inc (BRBMF) | $25.06 Million | 9.15% | 0.43x | $5.77 Million |
| Anheuser-Busch InBev SA/NV (BUDFF) | $24.43 Billion | 7.89% | 3.63x | $56.52 Billion |
| Carlsberg A/S (CABJF) | $47.23 Billion | -6.20% | 1.64x | $11.67 Billion |
| C&C Group plc (CCGPY) | $384.50 Million | 54.15% | 1.42x | $663.00 Million |
| Entertainment Arts Research Inc (EARI) | $146.29K | 0.00% | 2.48x | $0.94 |
| Fomento Economico Mexicano (FMX) | $15.70 Billion | 10.67% | 0.85x | $37.66 Billion |
| Heineken N.V (HINKF) | $0.00 | 0.00% | 0.00x | $45.23 Billion |