Yantai Changyu Pioneer Wine Co Ltd

SHE:000869 China Beverages - Wineries & Distilleries
Market Cap
$1.24 Billion
CN¥9.12 Billion CNY
Market Cap Rank
#7914 Global
#1421 in China
Share Price
CN¥19.93
Change (1 day)
-0.40%
52-Week Range
CN¥19.65 - CN¥24.07
All Time High
CN¥45.60
Categories
Companies in China Beverages - Wineries & Distilleries
About

Yantai Changyu Pioneer Wine Company Limited, together with its subsidiaries, produces and sells wine, brandy, and sparkling wine in China, France, Spain, Chile, and Australia. The company operates under the Changyu, Noble Dragon, AFIP, Longyu, Golden Icewine Valley, Zenithwirl, Vermouth, Rena, Baron Balboa, Donelly, Atrio, Kilikanoon, IWCC, Koya, Liquan, Mminni, Pagese, Roullet Fransac, and other… Read more

Yantai Changyu Pioneer Wine Co Ltd (000869) - Net Assets

Latest net assets as of September 2025: CN¥10.60 Billion CNY

Based on the latest financial reports, Yantai Changyu Pioneer Wine Co Ltd (000869) has net assets worth CN¥10.60 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¥12.16 Billion) and total liabilities (CN¥1.55 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¥10.60 Billion
% of Total Assets 87.22%
Annual Growth Rate 17.5%
5-Year Change 2.55%
10-Year Change 38.88%
Growth Volatility 37.89

Yantai Changyu Pioneer Wine Co Ltd - Net Assets Trend (1994–2024)

This chart illustrates how Yantai Changyu Pioneer Wine 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 Yantai Changyu Pioneer Wine Co Ltd (1994–2024)

The table below shows the annual net assets of Yantai Changyu Pioneer Wine Co Ltd from 1994 to 2024.

Year Net Assets Change
2024-12-31 CN¥10.77 Billion -1.98%
2023-12-31 CN¥10.99 Billion +1.52%
2022-12-31 CN¥10.83 Billion +1.24%
2021-12-31 CN¥10.69 Billion +1.79%
2020-12-31 CN¥10.50 Billion -0.70%
2019-12-31 CN¥10.58 Billion +6.96%
2018-12-31 CN¥9.89 Billion +7.76%
2017-12-31 CN¥9.18 Billion +9.27%
2016-12-31 CN¥8.40 Billion +8.29%
2015-12-31 CN¥7.76 Billion +10.76%
2014-12-31 CN¥7.00 Billion +9.92%
2013-12-31 CN¥6.37 Billion +5.14%
2012-12-31 CN¥6.06 Billion +17.66%
2011-12-31 CN¥5.15 Billion +28.87%
2010-12-31 CN¥4.00 Billion +25.88%
2009-12-31 CN¥3.17 Billion +20.75%
2008-12-31 CN¥2.63 Billion +13.60%
2007-12-31 CN¥2.31 Billion +12.17%
2006-12-31 CN¥2.06 Billion +9.32%
2005-12-31 CN¥1.89 Billion +6.22%
2004-12-31 CN¥1.78 Billion +11.41%
2003-12-31 CN¥1.59 Billion +10.51%
2002-12-31 CN¥1.44 Billion +6.25%
2001-12-31 CN¥1.36 Billion +8.52%
2000-12-31 CN¥1.25 Billion +118.42%
1999-12-31 CN¥573.10 Million +11.29%
1998-12-31 CN¥514.98 Million +2.35%
1997-12-31 CN¥503.14 Million +165.84%
1996-12-31 CN¥189.26 Million +107.73%
1995-12-31 CN¥91.11 Million +6.83%
1994-12-31 CN¥85.28 Million --

Equity Component Analysis

This analysis shows how different components contribute to Yantai Changyu Pioneer Wine 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 923292837000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥9.23 Billion 86.95%
Common Stock CN¥671.82 Million 6.33%
Other Comprehensive Income CN¥333.63 Million 3.14%
Other Components CN¥380.83 Million 3.59%
Total Equity CN¥10.62 Billion 100.00%

Yantai Changyu Pioneer Wine Co Ltd Competitors by Market Cap

The table below lists competitors of Yantai Changyu Pioneer Wine Co Ltd ranked by their market capitalization.

Company Market Cap
Brookfield Wealth Solutions Ltd.
NYSE:BNT
 		$861.05 Million
Nanfang Pump Industry
SHE:300145
 		$861.14 Million
Extendicare Inc
PINK:EXETF
 		$861.34 Million
ATHENS INTERNATIONAL AIRPORT S.
AT:AIA
 		$861.54 Million
Hunan Junxin Environmental Protection Co. Ltd.
SHE:301109
 		$860.76 Million
Qingdao Gon Technology Co Ltd
SHE:002768
 		$860.50 Million
Can Fin Homes Limited
NSE:CANFINHOME
 		$860.40 Million
BALTIC CLASSIF.GR LS 001
F:983
 		$860.39 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Yantai Changyu Pioneer Wine Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 10,841,500,988 to 10,619,208,419, a change of -222,292,569 (-2.1%).
  • Net income of 305,210,999 contributed positively to equity growth.
  • Dividend payments of 377,462,000 reduced retained earnings.
  • Share repurchases of 184,571,468 reduced equity.
  • Other comprehensive income decreased equity by 29,727,646.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥305.21 Million +2.87%
Dividends Paid CN¥377.46 Million -3.55%
Share Repurchases CN¥184.57 Million -1.74%
Other Comprehensive Income CN¥-29.73 Million -0.28%
Other Changes CN¥64.26 Million +0.61%
Total Change CN¥- -2.05%

Book Value vs Market Value Analysis

This analysis compares Yantai Changyu Pioneer Wine 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: 1.27x
  • 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 159.59x to 1.27x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1994-12-31 CN¥0.12 CN¥19.93 x
1995-12-31 CN¥0.13 CN¥19.93 x
1996-12-31 CN¥0.28 CN¥19.93 x
1997-12-31 CN¥0.74 CN¥19.93 x
1998-12-31 CN¥0.75 CN¥19.93 x
1999-12-31 CN¥0.84 CN¥19.93 x
2000-12-31 CN¥1.83 CN¥19.93 x
2001-12-31 CN¥1.99 CN¥19.93 x
2002-12-31 CN¥2.07 CN¥19.93 x
2003-12-31 CN¥2.30 CN¥19.93 x
2004-12-31 CN¥2.55 CN¥19.93 x
2005-12-31 CN¥2.71 CN¥19.93 x
2006-12-31 CN¥2.94 CN¥19.93 x
2007-12-31 CN¥3.26 CN¥19.93 x
2008-12-31 CN¥3.72 CN¥19.93 x
2009-12-31 CN¥4.44 CN¥19.93 x
2010-12-31 CN¥5.60 CN¥19.93 x
2011-12-31 CN¥7.31 CN¥19.93 x
2012-12-31 CN¥8.62 CN¥19.93 x
2013-12-31 CN¥9.06 CN¥19.93 x
2014-12-31 CN¥10.00 CN¥19.93 x
2015-12-31 CN¥11.01 CN¥19.93 x
2016-12-31 CN¥11.95 CN¥19.93 x
2017-12-31 CN¥13.04 CN¥19.93 x
2018-12-31 CN¥14.00 CN¥19.93 x
2019-12-31 CN¥15.04 CN¥19.93 x
2020-12-31 CN¥14.98 CN¥19.93 x
2021-12-31 CN¥15.24 CN¥19.93 x
2022-12-31 CN¥15.43 CN¥19.93 x
2023-12-31 CN¥15.81 CN¥19.93 x
2024-12-31 CN¥15.66 CN¥19.93 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Yantai Changyu Pioneer Wine 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): 2.87%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 9.31%
  • • Asset Turnover: 0.26x
  • • Equity Multiplier: 1.18x
  • Recent ROE (2.87%) is below the historical average (17.78%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1994 51.26% 17.87% 0.84x 3.42x CN¥35.18 Million
1995 30.56% 9.28% 0.84x 3.93x CN¥18.73 Million
1996 21.37% 12.83% 0.69x 2.41x CN¥21.52 Million
1997 12.72% 16.33% 0.52x 1.50x CN¥13.70 Million
1998 15.44% 13.98% 0.78x 1.42x CN¥27.99 Million
1999 14.67% 13.34% 0.77x 1.43x CN¥26.74 Million
2000 10.20% 14.59% 0.54x 1.29x CN¥2.47 Million
2001 12.65% 19.37% 0.53x 1.23x CN¥35.98 Million
2002 7.86% 11.98% 0.51x 1.29x CN¥-30.36 Million
2003 9.65% 13.35% 0.58x 1.24x CN¥-5.47 Million
2004 11.73% 15.25% 0.62x 1.24x CN¥30.11 Million
2005 16.89% 17.31% 0.77x 1.27x CN¥127.39 Million
2006 19.63% 19.70% 0.73x 1.36x CN¥193.55 Million
2007 28.52% 24.54% 0.80x 1.46x CN¥412.73 Million
2008 35.17% 25.91% 0.85x 1.60x CN¥640.26 Million
2009 37.10% 26.84% 0.78x 1.77x CN¥823.51 Million
2010 37.35% 29.96% 0.80x 1.56x CN¥1.05 Billion
2011 38.04% 33.66% 0.78x 1.46x CN¥1.41 Billion
2012 28.77% 30.14% 0.69x 1.37x CN¥1.11 Billion
2013 16.88% 24.26% 0.54x 1.29x CN¥427.36 Million
2014 14.29% 23.52% 0.47x 1.30x CN¥293.66 Million
2015 13.62% 22.15% 0.45x 1.37x CN¥273.66 Million
2016 11.97% 20.83% 0.41x 1.40x CN¥161.56 Million
2017 11.58% 20.92% 0.39x 1.41x CN¥141.06 Million
2018 10.85% 20.28% 0.39x 1.37x CN¥82.02 Million
2019 11.07% 22.49% 0.37x 1.32x CN¥110.48 Million
2020 4.59% 13.87% 0.26x 1.28x CN¥-555.92 Million
2021 4.79% 12.65% 0.29x 1.29x CN¥-544.69 Million
2022 4.05% 10.94% 0.30x 1.25x CN¥-629.22 Million
2023 4.91% 12.14% 0.33x 1.23x CN¥-551.71 Million
2024 2.87% 9.31% 0.26x 1.18x CN¥-756.71 Million

Industry Comparison

This section compares Yantai Changyu Pioneer Wine 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: $8,659,227,306
  • Average return on equity (ROE) among peers: 17.51%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Yantai Changyu Pioneer Wine Co Ltd (000869) CN¥10.60 Billion 51.26% 0.15x $860.99 Million
Luzhou Lao Jiao Co Ltd (000568) $235.40 Million 25.02% 1.14x $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
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