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¥781.50 Million CNY (≈ $114.36 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.12 Billion ≈ $163.68 Million USD) and total liabilities (CN¥337.06 Million ≈ $49.32 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 Lanzhou Huanghe Enterprise Co Ltd (000929) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥781.50 Million |
| % of Total Assets | 69.87% |
| Annual Growth Rate | 6.48% |
| 5-Year Change | -22.41% |
| 10-Year Change | -31.62% |
| Growth Volatility | 26.9 |
Lanzhou Huanghe Enterprise Co Ltd - Net Assets Trend (1996–2024)
This chart illustrates how Lanzhou Huanghe Enterprise Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Lanzhou Huanghe Enterprise Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Lanzhou Huanghe Enterprise Co Ltd (1996–2024)
The table below shows the annual net assets of Lanzhou Huanghe Enterprise Co Ltd from 1996 to 2024. For live valuation and market cap data, see market value of Lanzhou Huanghe Enterprise Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 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 grown by 482.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥92.10 Million | 18.93% |
| Common Stock | CN¥185.77 Million | 38.19% |
| Other Comprehensive Income | CN¥60.87 Million | 12.51% |
| Other Components | CN¥147.66 Million | 30.36% |
| Total Equity | CN¥486.40 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 |
|---|---|
|
Archimedes Tech SPAC Partners II Co. Unit
NASDAQ:ATIIU
|
$280.84 Million |
|
Orrön Energy AB (publ)
ST:ORRON
|
$280.91 Million |
|
FVCBankcorp Inc
NASDAQ:FVCB
|
$280.95 Million |
|
EuroHold Bulgaria AD
WAR:EHG
|
$280.95 Million |
|
Northern Ocean Ltd
OL:NOL
|
$280.78 Million |
|
Unggul Indah Cahaya Tbk
JK:UNIC
|
$280.77 Million |
|
AurosTechnology Inc.
KQ:322310
|
$280.64 Million |
|
Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret AS
IS:KORDS
|
$280.59 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 2023 to 2024, total equity changed from 586,270,612 to 486,400,658, a change of -99,869,954 (-17.0%).
- Net loss of 99,869,954 reduced equity.
- Dividend payments of 580,595 reduced retained earnings.
- Other comprehensive income increased equity by 60,872,216.
- Other factors decreased equity by 60,291,621.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-99.87 Million | -20.53% |
| Dividends Paid | CN¥580.60K | -0.12% |
| Other Comprehensive Income | CN¥60.87 Million | +12.51% |
| Other Changes | CN¥-60.29 Million | -12.4% |
| Total Change | CN¥- | -17.03% |
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: 3.95x
- 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 22.68x to 3.95x 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¥10.33 | x |
| 1997-12-31 | CN¥0.68 | CN¥10.33 | x |
| 1998-12-31 | CN¥0.85 | CN¥10.33 | x |
| 1999-12-31 | CN¥2.81 | CN¥10.33 | x |
| 2000-12-31 | CN¥2.62 | CN¥10.33 | x |
| 2001-12-31 | CN¥1.81 | CN¥10.33 | x |
| 2002-12-31 | CN¥1.83 | CN¥10.33 | x |
| 2003-12-31 | CN¥1.75 | CN¥10.33 | x |
| 2004-12-31 | CN¥1.80 | CN¥10.33 | x |
| 2005-12-31 | CN¥1.87 | CN¥10.33 | x |
| 2006-12-31 | CN¥2.20 | CN¥10.33 | x |
| 2007-12-31 | CN¥2.07 | CN¥10.33 | x |
| 2008-12-31 | CN¥2.23 | CN¥10.33 | x |
| 2009-12-31 | CN¥2.40 | CN¥10.33 | x |
| 2010-12-31 | CN¥2.96 | CN¥10.33 | x |
| 2011-12-31 | CN¥2.94 | CN¥10.33 | x |
| 2012-12-31 | CN¥3.17 | CN¥10.33 | x |
| 2013-12-31 | CN¥3.30 | CN¥10.33 | x |
| 2014-12-31 | CN¥3.69 | CN¥10.33 | x |
| 2015-12-31 | CN¥4.06 | CN¥10.33 | x |
| 2016-12-31 | CN¥3.93 | CN¥10.33 | x |
| 2017-12-31 | CN¥3.95 | CN¥10.33 | x |
| 2018-12-31 | CN¥3.58 | CN¥10.33 | x |
| 2019-12-31 | CN¥3.67 | CN¥10.33 | x |
| 2020-12-31 | CN¥3.51 | CN¥10.33 | x |
| 2021-12-31 | CN¥3.61 | CN¥10.33 | x |
| 2022-12-31 | CN¥3.45 | CN¥10.33 | x |
| 2023-12-31 | CN¥3.16 | CN¥10.33 | x |
| 2024-12-31 | CN¥2.62 | CN¥10.33 | 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): -20.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -47.44%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.98x
- Recent ROE (-20.53%) is below the historical average (1.54%), 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 | 0.37% | 0.56% | 0.33x | 2.01x | CN¥-65.57 Million |
| 2020 | -7.94% | -16.86% | 0.24x | 1.99x | CN¥-116.83 Million |
| 2021 | 2.85% | 6.19% | 0.24x | 1.94x | CN¥-47.93 Million |
| 2022 | -6.66% | -16.02% | 0.22x | 1.93x | CN¥-106.82 Million |
| 2023 | -7.97% | -21.31% | 0.20x | 1.91x | CN¥-105.35 Million |
| 2024 | -20.53% | -47.44% | 0.22x | 1.98x | CN¥-148.51 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: $1,705,222,710
- Average return on equity (ROE) among peers: 9.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lanzhou Huanghe Enterprise Co Ltd (000929) | CN¥781.50 Million | 24.11% | 0.43x | $280.80 Million |
| Beijing Yanjing Brewery Co Ltd (000729) | $2.41 Billion | 12.08% | 0.05x | $5.49 Billion |
| Tibet Galaxy Science & Technology Development Co Ltd (000752) | $187.43 Million | 14.17% | 0.58x | $385.96 Million |
| Gansu Huangtai Wine-marketing Industry Co. Ltd. (000995) | $256.03 Million | 0.00% | 1.21x | $349.95 Million |
| Guangzhou Zhujiang Brewery Co Ltd (002461) | $8.63 Billion | 5.76% | 0.39x | $3.36 Billion |
| Chongqing Brewery Co Ltd (600132) | $752.38 Million | 10.48% | 1.62x | $3.90 Billion |
| Hainan Yedao Group Co Ltd (600238) | $523.91 Million | 5.42% | 0.95x | $369.90 Million |
| FuJian YanJing HuiQuan Brewery Co Ltd (600573) | $1.07 Billion | 6.40% | 0.13x | $502.65 Million |
| Tsingtao Brewery Co Ltd (600600) | $202.73 Million | 12.15% | 3.14x | $6.58 Billion |
| Sichuan Swellfun Co Ltd (600779) | $1.31 Billion | 15.33% | 0.73x | $2.32 Billion |
About Lanzhou Huanghe Enterprise Co Ltd
Lanzhou Huanghe Enterprise Co., Ltd engages in the production and sale of beer, malt, beverages, and other products in China. The company markets its beer and malt products under the Yellow River brand. It also offers its beer products under the Qinghai Lake brand. The company was founded in 1983 and is based in Lanzhou, China.