Lanzhou Huanghe Enterprise Co Ltd (000929) - Net Assets
Based on the latest financial reports, Lanzhou Huanghe Enterprise Co Ltd (000929) has net assets worth CN¥566.85 Million CNY (≈ $82.95 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¥888.41 Million ≈ $130.00 Million USD) and total liabilities (CN¥321.56 Million ≈ $47.05 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 000929 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥566.85 Million |
| % of Total Assets | 63.81% |
| Annual Growth Rate | 5.16% |
| 5-Year Change | -43.71% |
| 10-Year Change | -48.14% |
| Growth Volatility | 27.18 |
Lanzhou Huanghe Enterprise Co Ltd - Net Assets Trend (1996–2025)
This chart illustrates how Lanzhou Huanghe Enterprise Co Ltd's net assets have evolved over time, based on quarterly financial data. See 000929 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Lanzhou Huanghe Enterprise Co Ltd (1996–2025)
The table below shows the annual net assets of Lanzhou Huanghe Enterprise Co Ltd from 1996 to 2025. For live valuation and market cap data, see market value of Lanzhou Huanghe Enterprise Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥598.91 Million ≈ $87.64 Million |
-25.80% |
| 2024-12-31 | CN¥807.15 Million ≈ $118.11 Million |
-15.54% |
| 2023-12-31 | CN¥955.72 Million ≈ $139.85 Million |
-6.43% |
| 2022-12-31 | CN¥1.02 Billion ≈ $149.46 Million |
-4.01% |
| 2021-12-31 | CN¥1.06 Billion ≈ $155.71 Million |
+2.28% |
| 2020-12-31 | CN¥1.04 Billion ≈ $152.23 Million |
-4.73% |
| 2019-12-31 | CN¥1.09 Billion ≈ $159.80 Million |
+0.23% |
| 2018-12-31 | CN¥1.09 Billion ≈ $159.42 Million |
-5.69% |
| 2017-12-31 | CN¥1.16 Billion ≈ $169.04 Million |
+0.03% |
| 2016-12-31 | CN¥1.15 Billion ≈ $168.98 Million |
-2.17% |
| 2015-12-31 | CN¥1.18 Billion ≈ $172.73 Million |
+7.01% |
| 2014-12-31 | CN¥1.10 Billion ≈ $161.42 Million |
+8.46% |
| 2013-12-31 | CN¥1.02 Billion ≈ $148.83 Million |
+4.73% |
| 2012-12-31 | CN¥971.11 Million ≈ $142.10 Million |
+5.49% |
| 2011-12-31 | CN¥920.54 Million ≈ $134.70 Million |
-1.33% |
| 2010-12-31 | CN¥932.92 Million ≈ $136.52 Million |
+19.14% |
| 2009-12-31 | CN¥783.02 Million ≈ $114.58 Million |
+6.67% |
| 2008-12-31 | CN¥734.07 Million ≈ $107.42 Million |
+8.03% |
| 2007-12-31 | CN¥679.48 Million ≈ $99.43 Million |
+10.88% |
| 2006-12-31 | CN¥612.80 Million ≈ $89.67 Million |
+12.69% |
| 2005-12-31 | CN¥543.80 Million ≈ $79.57 Million |
+24.00% |
| 2004-12-31 | CN¥438.56 Million ≈ $64.18 Million |
+27.64% |
| 2003-12-31 | CN¥343.58 Million ≈ $50.28 Million |
-3.60% |
| 2002-12-31 | CN¥356.39 Million ≈ $52.15 Million |
+0.55% |
| 2001-12-31 | CN¥354.46 Million ≈ $51.87 Million |
-30.97% |
| 2000-12-31 | CN¥513.49 Million ≈ $75.14 Million |
-11.58% |
| 1999-12-31 | CN¥580.76 Million ≈ $84.98 Million |
+127.26% |
| 1998-12-31 | CN¥255.55 Million ≈ $37.39 Million |
+39.76% |
| 1997-12-31 | CN¥182.84 Million ≈ $26.76 Million |
+31.29% |
| 1996-12-31 | CN¥139.27 Million ≈ $20.38 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Lanzhou Huanghe Enterprise 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 decreased by 92.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.16 Million | 0.32% |
| Other Components | CN¥364.30 Million | 99.68% |
| Total Equity | CN¥365.46 Million | 100.00% |
Lanzhou Huanghe Enterprise Co Ltd Competitors by Market Cap
The table below lists competitors of Lanzhou Huanghe Enterprise Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beacon Lighting Group Ltd
AU:BLX
|
$265.32 Million |
|
Transcontinental Inc
TO:TCL-A
|
$265.38 Million |
|
Young Fast Optoelectronics Co Ltd
TW:3622
|
$265.56 Million |
|
Federal-Mogul Goetze (India) Limited.
NSE:FMGOETZE
|
$265.59 Million |
|
Shandong Swan Cotton
SHG:603029
|
$265.28 Million |
|
Vuzix Corp Cmn Stk
NASDAQ:VUZI
|
$265.27 Million |
|
Lang & Schwarz Aktiengesellschaft
XETRA:LUS1
|
$265.21 Million |
|
Iochpe-Maxion S.A
SA:MYPK3
|
$265.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lanzhou Huanghe Enterprise Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 486,400,658 to 365,457,367, a change of -120,943,291 (-24.9%).
- Net loss of 90,939,465 reduced equity.
- Dividend payments of 664,569 reduced retained earnings.
- Other comprehensive income decreased equity by 60,872,216.
- Other factors increased equity by 31,532,959.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-90.94 Million | -24.88% |
| Dividends Paid | CN¥664.57K | -0.18% |
| Other Comprehensive Income | CN¥-60.87 Million | -16.66% |
| Other Changes | CN¥31.53 Million | +8.63% |
| Total Change | CN¥- | -24.86% |
Book Value vs Market Value Analysis
This analysis compares Lanzhou Huanghe Enterprise 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: 4.96x
- 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 21.43x to 4.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | CN¥0.46 | CN¥9.76 | x |
| 1997-12-31 | CN¥0.68 | CN¥9.76 | x |
| 1998-12-31 | CN¥0.85 | CN¥9.76 | x |
| 1999-12-31 | CN¥2.81 | CN¥9.76 | x |
| 2000-12-31 | CN¥2.62 | CN¥9.76 | x |
| 2001-12-31 | CN¥1.81 | CN¥9.76 | x |
| 2002-12-31 | CN¥1.83 | CN¥9.76 | x |
| 2003-12-31 | CN¥1.75 | CN¥9.76 | x |
| 2004-12-31 | CN¥1.80 | CN¥9.76 | x |
| 2005-12-31 | CN¥1.87 | CN¥9.76 | x |
| 2006-12-31 | CN¥2.20 | CN¥9.76 | x |
| 2007-12-31 | CN¥2.07 | CN¥9.76 | x |
| 2008-12-31 | CN¥2.23 | CN¥9.76 | x |
| 2009-12-31 | CN¥2.40 | CN¥9.76 | x |
| 2010-12-31 | CN¥2.96 | CN¥9.76 | x |
| 2011-12-31 | CN¥2.94 | CN¥9.76 | x |
| 2012-12-31 | CN¥3.17 | CN¥9.76 | x |
| 2013-12-31 | CN¥3.30 | CN¥9.76 | x |
| 2014-12-31 | CN¥3.69 | CN¥9.76 | x |
| 2015-12-31 | CN¥4.06 | CN¥9.76 | x |
| 2016-12-31 | CN¥3.93 | CN¥9.76 | x |
| 2017-12-31 | CN¥3.95 | CN¥9.76 | x |
| 2018-12-31 | CN¥3.58 | CN¥9.76 | x |
| 2019-12-31 | CN¥3.67 | CN¥9.76 | x |
| 2020-12-31 | CN¥3.51 | CN¥9.76 | x |
| 2021-12-31 | CN¥3.61 | CN¥9.76 | x |
| 2022-12-31 | CN¥3.45 | CN¥9.76 | x |
| 2023-12-31 | CN¥3.16 | CN¥9.76 | x |
| 2024-12-31 | CN¥2.62 | CN¥9.76 | x |
| 2025-12-31 | CN¥1.97 | CN¥9.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lanzhou Huanghe Enterprise 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): -24.88%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -24.64%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 2.66x
- Recent ROE (-24.88%) is below the historical average (0.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 24.11% | 7.15% | 0.76x | 4.43x | CN¥12.02 Million |
| 1997 | 21.39% | 7.52% | 0.70x | 4.05x | CN¥14.43 Million |
| 1998 | 19.71% | 8.33% | 0.59x | 4.03x | CN¥15.51 Million |
| 1999 | 6.21% | 12.25% | 0.23x | 2.19x | CN¥-19.95 Million |
| 2000 | 0.67% | 1.77% | 0.20x | 1.89x | CN¥-45.68 Million |
| 2001 | -44.92% | -98.52% | 0.20x | 2.32x | CN¥-186.11 Million |
| 2002 | 0.90% | 1.74% | 0.24x | 2.17x | CN¥-31.17 Million |
| 2003 | -4.78% | -6.21% | 0.31x | 2.50x | CN¥-48.39 Million |
| 2004 | 2.20% | 1.70% | 0.45x | 2.87x | CN¥-26.27 Million |
| 2005 | 4.56% | 2.57% | 0.53x | 3.36x | CN¥-19.07 Million |
| 2006 | 5.52% | 2.69% | 0.60x | 3.43x | CN¥-16.45 Million |
| 2007 | 2.17% | 1.03% | 0.60x | 3.54x | CN¥-30.30 Million |
| 2008 | 7.27% | 2.98% | 0.88x | 2.78x | CN¥-11.32 Million |
| 2009 | 6.85% | 3.57% | 0.70x | 2.73x | CN¥-14.00 Million |
| 2010 | 18.50% | 13.20% | 0.55x | 2.54x | CN¥46.74 Million |
| 2011 | -2.67% | -1.90% | 0.61x | 2.30x | CN¥-69.23 Million |
| 2012 | 3.70% | 2.66% | 0.59x | 2.37x | CN¥-37.09 Million |
| 2013 | 4.14% | 2.86% | 0.62x | 2.35x | CN¥-35.96 Million |
| 2014 | 11.36% | 9.79% | 0.52x | 2.23x | CN¥9.36 Million |
| 2015 | 9.12% | 9.81% | 0.44x | 2.11x | CN¥-6.61 Million |
| 2016 | -3.44% | -3.70% | 0.45x | 2.09x | CN¥-98.01 Million |
| 2017 | 2.21% | 2.72% | 0.41x | 2.00x | CN¥-57.08 Million |
| 2018 | -10.15% | -13.28% | 0.37x | 2.07x | CN¥-134.11 Million |
| 2019 | 2.29% | 3.43% | 0.33x | 2.01x | CN¥-52.49 Million |
| 2020 | -4.59% | -9.75% | 0.24x | 1.99x | CN¥-95.02 Million |
| 2021 | 2.85% | 6.19% | 0.24x | 1.94x | CN¥-47.93 Million |
| 2022 | -4.56% | -10.97% | 0.22x | 1.93x | CN¥-93.37 Million |
| 2023 | -7.97% | -19.37% | 0.22x | 1.91x | CN¥-105.35 Million |
| 2024 | -20.53% | -47.44% | 0.22x | 1.98x | CN¥-148.51 Million |
| 2025 | -24.88% | -24.64% | 0.38x | 2.66x | CN¥-127.49 Million |
Industry Comparison
This section compares Lanzhou Huanghe Enterprise Co Ltd's net assets metrics with peer companies in the Beverages - Brewers industry.
Industry Context
- Industry: Beverages - Brewers
- Average net assets among peers: $2,121,571,091
- Average return on equity (ROE) among peers: 18.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lanzhou Huanghe Enterprise Co Ltd (000929) | CN¥566.85 Million | 24.11% | 0.57x | $265.31 Million |
| Beijing Yanjing Brewery Co Ltd (000729) | $9.51 Billion | 8.10% | 0.54x | $4.23 Billion |
| Tibet Galaxy Science & Technology Development Co Ltd (000752) | $329.08 Million | 8.44% | 0.51x | $339.26 Million |
| Gansu Huangtai Wine-marketing Industry Co. Ltd. (000995) | $91.87 Million | 74.25% | 3.95x | $262.46 Million |
| Guangzhou Zhujiang Brewery Co Ltd (002461) | $3.21 Billion | 1.56% | 0.71x | $2.67 Billion |
| Chongqing Brewery Co Ltd (600132) | $740.04 Million | 8.91% | 1.56x | $3.14 Billion |
| Hainan Yedao Group Co Ltd (600238) | $630.09 Million | 18.12% | 1.12x | $316.78 Million |
| FuJian YanJing HuiQuan Brewery Co Ltd (600573) | $926.01 Million | 1.24% | 0.45x | $396.92 Million |
| Tsingtao Brewery Co Ltd (600600) | $202.73 Million | 12.15% | 3.14x | $5.59 Billion |
| Sichuan Swellfun Co Ltd (600779) | $3.46 Billion | 35.16% | 1.04x | $2.07 Billion |
About Lanzhou Huanghe Enterprise Co Ltd
Lanzhou Huanghe Enterprise Co., Ltd engages in the production and sales of beer, malt, and beverages in China. The company is also involved in packaging printing activities. It sells its products under the Yellow River and Qinghai Lake brands. The company was founded in 1983 and is based in Lanzhou, China.