Luzhou Lao Jiao Co Ltd

SHE:000568 China Beverages - Wineries & Distilleries
Market Cap
$21.69 Billion
CN¥159.16 Billion CNY
Market Cap Rank
#1609 Global
#79 in China
Share Price
CN¥108.13
Change (1 day)
-0.45%
52-Week Range
CN¥103.64 - CN¥143.32
All Time High
CN¥286.96
Categories
Companies in China Beverages - Wineries & Distilleries
About

Luzhou Laojiao Co.,Ltd, together with its subsidiaries, produces and sells alcoholic products in China and internationally. The company offers liquor products; and cellar-aged, red, and health wine under the Guojiao 1573, Luzhou Laojiao Special Liquor, Centennial Luzhou Laojiao Cellar-aged Liquor, Luzhou Laojiao Touqu, Luzhou Laojiao Black Cap, Gaoguang, Luzhou Laojiao 1952, Luzhou Laojiao Tequ, … Read more

Luzhou Lao Jiao Co Ltd (000568) - Net Assets

Latest net assets as of September 2025: CN¥49.83 Billion CNY

Based on the latest financial reports, Luzhou Lao Jiao Co Ltd (000568) has net assets worth CN¥49.83 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¥65.50 Billion) and total liabilities (CN¥15.67 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¥49.83 Billion
% of Total Assets 76.07%
Annual Growth Rate 19.19%
5-Year Change 104.94%
10-Year Change 358.47%
Growth Volatility 20.94

Luzhou Lao Jiao Co Ltd - Net Assets Trend (1991–2024)

This chart illustrates how Luzhou Lao Jiao 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 Luzhou Lao Jiao Co Ltd (1991–2024)

The table below shows the annual net assets of Luzhou Lao Jiao Co Ltd from 1991 to 2024.

Year Net Assets Change
2024-12-31 CN¥47.51 Billion +14.39%
2023-12-31 CN¥41.53 Billion +20.98%
2022-12-31 CN¥34.33 Billion +22.00%
2021-12-31 CN¥28.14 Billion +21.38%
2020-12-31 CN¥23.18 Billion +18.55%
2019-12-31 CN¥19.55 Billion +14.19%
2018-12-31 CN¥17.12 Billion +11.83%
2017-12-31 CN¥15.31 Billion +37.65%
2016-12-31 CN¥11.12 Billion +7.36%
2015-12-31 CN¥10.36 Billion +5.81%
2014-12-31 CN¥9.79 Billion -7.94%
2013-12-31 CN¥10.64 Billion +8.87%
2012-12-31 CN¥9.77 Billion +35.24%
2011-12-31 CN¥7.22 Billion +29.89%
2010-12-31 CN¥5.56 Billion +30.44%
2009-12-31 CN¥4.26 Billion +22.09%
2008-12-31 CN¥3.49 Billion +28.85%
2007-12-31 CN¥2.71 Billion +22.82%
2006-12-31 CN¥2.21 Billion +41.74%
2005-12-31 CN¥1.56 Billion +0.67%
2004-12-31 CN¥1.55 Billion +2.21%
2003-12-31 CN¥1.51 Billion -0.67%
2002-12-31 CN¥1.52 Billion +17.83%
2001-12-31 CN¥1.29 Billion -2.87%
2000-12-31 CN¥1.33 Billion +13.64%
1999-12-31 CN¥1.17 Billion -13.57%
1998-12-31 CN¥1.36 Billion +65.63%
1997-12-31 CN¥818.25 Million +33.69%
1996-12-31 CN¥612.06 Million +21.70%
1995-12-31 CN¥502.91 Million +7.64%
1994-12-31 CN¥467.23 Million +98.49%
1993-12-31 CN¥235.40 Million +16.75%
1992-12-31 CN¥201.62 Million +39.20%
1991-12-31 CN¥144.84 Million --

Equity Component Analysis

This analysis shows how different components contribute to Luzhou Lao Jiao 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 3934029800000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥39.34 Billion 83.02%
Common Stock CN¥1.47 Billion 3.11%
Other Comprehensive Income CN¥84.23 Million 0.18%
Other Components CN¥6.49 Billion 13.70%
Total Equity CN¥47.39 Billion 100.00%

Luzhou Lao Jiao Co Ltd Competitors by Market Cap

The table below lists competitors of Luzhou Lao Jiao Co Ltd ranked by their market capitalization.

Company Market Cap
China Galaxy Securities Co Ltd Class A
SHG:601881
 		$10.64 Billion
First Financial Holding Co Ltd
TW:2892
 		$10.67 Billion
Bank of Ireland Group PLC
PINK:BKRIF
 		$10.68 Billion
Eicher Motors Limited
NSE:EICHERMOT
 		$10.70 Billion
Karman Holdings Inc.
NYSE:KRMN
 		$10.63 Billion
Western Midstream Partners LP
NYSE:WES
 		$10.63 Billion
Camden Property Trust
NYSE:CPT
 		$10.62 Billion
Shenwan Hongyuan Group Co Ltd
SHE:000166
 		$10.62 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Luzhou Lao Jiao Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 41,391,410,494 to 47,388,501,000, a change of 5,997,090,506 (14.5%).
  • Net income of 13,472,986,479 contributed positively to equity growth.
  • Dividend payments of 8,253,809,000 reduced retained earnings.
  • Share repurchases of 3,026,000 reduced equity.
  • Other comprehensive income increased equity by 21,104,533.
  • Other factors increased equity by 759,834,494.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥13.47 Billion +28.43%
Dividends Paid CN¥8.25 Billion -17.42%
Share Repurchases CN¥3.03 Million -0.01%
Other Comprehensive Income CN¥21.10 Million +0.04%
Other Changes CN¥759.83 Million +1.6%
Total Change CN¥- 14.49%

Book Value vs Market Value Analysis

This analysis compares Luzhou Lao Jiao 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: 3.35x
  • 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 1040.85x to 3.35x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1991-12-31 CN¥0.10 CN¥108.13 x
1992-12-31 CN¥0.14 CN¥108.13 x
1993-12-31 CN¥0.17 CN¥108.13 x
1994-12-31 CN¥0.34 CN¥108.13 x
1995-12-31 CN¥0.36 CN¥108.13 x
1996-12-31 CN¥0.44 CN¥108.13 x
1997-12-31 CN¥0.59 CN¥108.13 x
1998-12-31 CN¥0.96 CN¥108.13 x
1999-12-31 CN¥0.83 CN¥108.13 x
2000-12-31 CN¥0.94 CN¥108.13 x
2001-12-31 CN¥0.91 CN¥108.13 x
2002-12-31 CN¥1.07 CN¥108.13 x
2003-12-31 CN¥1.07 CN¥108.13 x
2004-12-31 CN¥1.09 CN¥108.13 x
2005-12-31 CN¥1.10 CN¥108.13 x
2006-12-31 CN¥1.57 CN¥108.13 x
2007-12-31 CN¥1.92 CN¥108.13 x
2008-12-31 CN¥2.50 CN¥108.13 x
2009-12-31 CN¥3.05 CN¥108.13 x
2010-12-31 CN¥3.95 CN¥108.13 x
2011-12-31 CN¥5.13 CN¥108.13 x
2012-12-31 CN¥6.94 CN¥108.13 x
2013-12-31 CN¥7.56 CN¥108.13 x
2014-12-31 CN¥6.96 CN¥108.13 x
2015-12-31 CN¥7.33 CN¥108.13 x
2016-12-31 CN¥7.87 CN¥108.13 x
2017-12-31 CN¥10.66 CN¥108.13 x
2018-12-31 CN¥11.58 CN¥108.13 x
2019-12-31 CN¥13.25 CN¥108.13 x
2020-12-31 CN¥15.75 CN¥108.13 x
2021-12-31 CN¥19.14 CN¥108.13 x
2022-12-31 CN¥23.35 CN¥108.13 x
2023-12-31 CN¥28.19 CN¥108.13 x
2024-12-31 CN¥32.29 CN¥108.13 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Luzhou Lao Jiao 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): 28.43%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 43.19%
  • • Asset Turnover: 0.46x
  • • Equity Multiplier: 1.44x
  • Recent ROE (28.43%) is above the historical average (23.71%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1991 28.79% 30.06% 0.52x 1.85x CN¥27.22 Million
1992 35.44% 33.60% 0.55x 1.91x CN¥51.29 Million
1993 25.02% 26.16% 0.45x 2.14x CN¥35.35 Million
1994 22.39% 32.99% 0.46x 1.47x CN¥57.89 Million
1995 41.97% 29.44% 0.84x 1.71x CN¥160.80 Million
1996 39.98% 25.37% 0.91x 1.74x CN¥183.48 Million
1997 38.95% 29.80% 0.79x 1.65x CN¥236.91 Million
1998 9.19% 14.90% 0.46x 1.33x CN¥-10.85 Million
1999 11.07% 12.64% 0.56x 1.57x CN¥12.37 Million
2000 12.32% 17.14% 0.46x 1.55x CN¥30.45 Million
2001 5.77% 7.34% 0.46x 1.70x CN¥-53.61 Million
2002 2.04% 2.93% 0.42x 1.65x CN¥-119.21 Million
2003 2.81% 3.55% 0.44x 1.78x CN¥-107.07 Million
2004 2.59% 3.32% 0.47x 1.64x CN¥-113.10 Million
2005 3.00% 3.48% 0.50x 1.72x CN¥-107.72 Million
2006 14.68% 16.75% 0.56x 1.55x CN¥102.82 Million
2007 28.60% 26.42% 0.65x 1.66x CN¥502.93 Million
2008 36.40% 33.33% 0.75x 1.46x CN¥918.18 Million
2009 39.39% 38.29% 0.73x 1.41x CN¥1.25 Billion
2010 39.97% 41.06% 0.67x 1.45x CN¥1.65 Billion
2011 40.52% 34.47% 0.68x 1.74x CN¥2.19 Billion
2012 45.24% 37.99% 0.74x 1.60x CN¥3.42 Billion
2013 32.53% 32.96% 0.76x 1.30x CN¥2.38 Billion
2014 9.06% 16.43% 0.41x 1.36x CN¥-91.52 Million
2015 14.33% 21.34% 0.52x 1.28x CN¥445.14 Million
2016 17.74% 22.69% 0.63x 1.24x CN¥854.14 Million
2017 16.86% 24.61% 0.53x 1.30x CN¥1.04 Billion
2018 20.55% 26.70% 0.58x 1.33x CN¥1.79 Billion
2019 23.92% 29.35% 0.55x 1.49x CN¥2.70 Billion
2020 26.03% 36.06% 0.48x 1.52x CN¥3.70 Billion
2021 28.37% 38.54% 0.48x 1.54x CN¥5.15 Billion
2022 30.30% 41.26% 0.49x 1.50x CN¥6.94 Billion
2023 32.00% 43.81% 0.48x 1.53x CN¥9.11 Billion
2024 28.43% 43.19% 0.46x 1.44x CN¥8.73 Billion

Industry Comparison

This section compares Luzhou Lao Jiao Co Ltd's net assets metrics with peer companies in the Beverages - Wineries & Distilleries industry.

Industry Context

  • Industry: Beverages - Wineries & Distilleries
  • Average net assets among peers: $8,793,442,470
  • Average return on equity (ROE) among peers: 15.59%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Luzhou Lao Jiao Co Ltd (000568) CN¥49.83 Billion 28.79% 0.31x $10.63 Billion
Jiugui Liquor Co Ltd (000799) $4.15 Billion 25.26% 0.41x $1.44 Billion
Wuliangye Yibin Co Ltd (000858) $3.19 Billion 24.07% 0.44x $24.90 Billion
Beijing Shunxin Agriculture Co Ltd (000860) $7.46 Billion 10.85% 1.95x $880.58 Million
Yantai Changyu Pioneer Wine Co Ltd (000869) $1.44 Billion 7.71% 0.27x $860.99 Million
Jiangsu Yanghe Brewery Joint-Stock Co Ltd (002304) $52.05 Billion 19.24% 0.34x $3.60 Billion
Shanghai Bairun Flavor & Fragrance Co Ltd (002568) $4.70 Billion 15.31% 0.73x $1.25 Billion
Qinghai Huzhu Barley Wine Co Ltd (002646) $2.80 Billion 3.20% 0.19x $324.05 Million
Anhui Gujing Distillery Co Ltd (200596) $785.49 Million 22.16% 0.82x $2.43 Billion
Vats Liquor Chain Store Management Joint Stock Co Ltd (300755) $2.56 Billion 12.49% 0.62x $218.25 Million