Jiangsu Yanghe Brewery Joint-Stock Co Ltd (002304) - Net Assets

Latest as of September 2025: CN¥48.66 Billion CNY ≈ $7.12 Billion USD

Based on the latest financial reports, Jiangsu Yanghe Brewery Joint-Stock Co Ltd (002304) has net assets worth CN¥48.66 Billion CNY (≈ $7.12 Billion 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¥59.50 Billion ≈ $8.71 Billion USD) and total liabilities (CN¥10.84 Billion ≈ $1.59 Billion 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 Jiangsu Yanghe Brewery Joint-Stock Co Lt liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥48.66 Billion
% of Total Assets	81.78%
Annual Growth Rate	31.4%
5-Year Change	34.37%
10-Year Change	125.33%
Growth Volatility	61.14

Jiangsu Yanghe Brewery Joint-Stock Co Ltd - Net Assets Trend (2006–2024)

This chart illustrates how Jiangsu Yanghe Brewery Joint-Stock Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Jiangsu Yanghe Brewery Joint-Stock Co Lt (002304) total assets for the complete picture of this company's asset base.

Annual Net Assets for Jiangsu Yanghe Brewery Joint-Stock Co Ltd (2006–2024)

The table below shows the annual net assets of Jiangsu Yanghe Brewery Joint-Stock Co Ltd from 2006 to 2024. For live valuation and market cap data, see market value of Jiangsu Yanghe Brewery Joint-Stock Co Lt.

Year	Net Assets	Change
2024-12-31	CN¥51.69 Billion ≈ $7.56 Billion	-0.69%
2023-12-31	CN¥52.05 Billion ≈ $7.62 Billion	+9.52%
2022-12-31	CN¥47.52 Billion ≈ $6.95 Billion	+11.87%
2021-12-31	CN¥42.48 Billion ≈ $6.22 Billion	+10.43%
2020-12-31	CN¥38.47 Billion ≈ $5.63 Billion	+5.42%
2019-12-31	CN¥36.49 Billion ≈ $5.34 Billion	+7.55%
2018-12-31	CN¥33.93 Billion ≈ $4.97 Billion	+15.04%
2017-12-31	CN¥29.49 Billion ≈ $4.32 Billion	+13.28%
2016-12-31	CN¥26.04 Billion ≈ $3.81 Billion	+13.49%
2015-12-31	CN¥22.94 Billion ≈ $3.36 Billion	+16.28%
2014-12-31	CN¥19.73 Billion ≈ $2.89 Billion	+13.41%
2013-12-31	CN¥17.40 Billion ≈ $2.55 Billion	+18.26%
2012-12-31	CN¥14.71 Billion ≈ $2.15 Billion	+48.46%
2011-12-31	CN¥9.91 Billion ≈ $1.45 Billion	+34.13%
2010-12-31	CN¥7.39 Billion ≈ $1.08 Billion	+45.45%
2009-12-31	CN¥5.08 Billion ≈ $743.19 Million	+267.27%
2008-12-31	CN¥1.38 Billion ≈ $202.36 Million	+91.85%
2007-12-31	CN¥720.80 Million ≈ $105.48 Million	+90.31%
2006-12-31	CN¥378.76 Million ≈ $55.42 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Jiangsu Yanghe Brewery Joint-Stock 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 23007.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥48.40 Billion	93.82%
Common Stock	CN¥1.51 Billion	2.92%
Other Comprehensive Income	CN¥752.30 Million	1.46%
Other Components	CN¥930.12 Million	1.80%
Total Equity	CN¥51.59 Billion	100.00%

Jiangsu Yanghe Brewery Joint-Stock Co Ltd Competitors by Market Cap

The table below lists competitors of Jiangsu Yanghe Brewery Joint-Stock Co Ltd ranked by their market capitalization.

Company	Market Cap
Strabag SE VI:STR	$10.41 Billion
The Ensign Group Inc NASDAQ:ENSG	$10.42 Billion
BAWAG Group AG VI:BG	$10.42 Billion
Anhui Tongguan Copper Foil Group Co. Ltd. SHE:301217	$10.42 Billion
YARA INTL ASA ADR NK170 F:IU20	$10.39 Billion
Sime Darby Plantation Bhd KLSE:5285	$10.38 Billion
Smurfit Kappa Group PLC F:SK3	$10.38 Billion
Anker Innovations Technology Co Ltd SHE:300866	$10.37 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Jiangsu Yanghe Brewery Joint-Stock Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 51,938,515,345 to 51,588,243,128, a change of -350,272,217 (-0.7%).
Net income of 6,673,389,000 contributed positively to equity growth.
Dividend payments of 7,020,034,044 reduced retained earnings.
Other comprehensive income decreased equity by 3,248,770.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥6.67 Billion	+12.94%
Dividends Paid	CN¥7.02 Billion	-13.61%
Other Comprehensive Income	CN¥-3.25 Million	-0.01%
Other Changes	CN¥-378.40K	-0.0%
Total Change	CN¥-	-0.67%

Book Value vs Market Value Analysis

This analysis compares Jiangsu Yanghe Brewery Joint-Stock 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: 1.38x
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 159.13x to 1.38x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-12-31	CN¥0.30	CN¥47.15	x
2007-12-31	CN¥0.53	CN¥47.15	x
2008-12-31	CN¥1.01	CN¥47.15	x
2009-12-31	CN¥3.66	CN¥47.15	x
2010-12-31	CN¥4.58	CN¥47.15	x
2011-12-31	CN¥6.54	CN¥47.15	x
2012-12-31	CN¥9.72	CN¥47.15	x
2013-12-31	CN¥11.50	CN¥47.15	x
2014-12-31	CN¥13.08	CN¥47.15	x
2015-12-31	CN¥15.22	CN¥47.15	x
2016-12-31	CN¥17.30	CN¥47.15	x
2017-12-31	CN¥19.59	CN¥47.15	x
2018-12-31	CN¥22.53	CN¥47.15	x
2019-12-31	CN¥24.23	CN¥47.15	x
2020-12-31	CN¥25.64	CN¥47.15	x
2021-12-31	CN¥28.20	CN¥47.15	x
2022-12-31	CN¥31.51	CN¥47.15	x
2023-12-31	CN¥34.48	CN¥47.15	x
2024-12-31	CN¥34.25	CN¥47.15	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Jiangsu Yanghe Brewery Joint-Stock 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): 12.94%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 23.11%
• Asset Turnover: 0.43x
• Equity Multiplier: 1.31x
Recent ROE (12.94%) is below the historical average (28.64%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	46.20%	16.33%	1.03x	2.74x	CN¥137.11 Million
2007	51.99%	21.27%	1.20x	2.04x	CN¥302.66 Million
2008	53.73%	28.01%	1.22x	1.58x	CN¥604.77 Million
2009	24.70%	31.32%	0.62x	1.28x	CN¥746.14 Million
2010	31.86%	28.94%	0.66x	1.66x	CN¥1.51 Billion
2011	40.65%	32.01%	0.67x	1.91x	CN¥3.03 Billion
2012	41.88%	35.63%	0.73x	1.61x	CN¥4.68 Billion
2013	28.77%	33.29%	0.53x	1.62x	CN¥3.26 Billion
2014	22.85%	30.72%	0.51x	1.46x	CN¥2.54 Billion
2015	23.39%	33.42%	0.47x	1.48x	CN¥3.07 Billion
2016	22.37%	33.91%	0.44x	1.49x	CN¥3.22 Billion
2017	22.45%	33.27%	0.46x	1.47x	CN¥3.68 Billion
2018	23.90%	33.59%	0.48x	1.47x	CN¥4.72 Billion
2019	20.22%	31.92%	0.43x	1.46x	CN¥3.73 Billion
2020	19.44%	35.46%	0.39x	1.40x	CN¥3.63 Billion
2021	17.67%	29.62%	0.37x	1.60x	CN¥3.26 Billion
2022	19.75%	31.15%	0.44x	1.43x	CN¥4.63 Billion
2023	19.28%	30.24%	0.47x	1.34x	CN¥4.82 Billion
2024	12.94%	23.11%	0.43x	1.31x	CN¥1.51 Billion

Industry Comparison

This section compares Jiangsu Yanghe Brewery Joint-Stock 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: $8,080,956,634
Average return on equity (ROE) among peers: 17.63%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Jiangsu Yanghe Brewery Joint-Stock Co Ltd (002304)	CN¥48.66 Billion	46.20%	0.22x	$10.39 Billion
Luzhou Lao Jiao Co Ltd (000568)	$1.56 Billion	2.97%	0.70x	$20.32 Billion
Anhui Gujing Distillery Co Ltd (000596)	$4.83 Billion	14.80%	0.49x	$6.04 Billion
Jiugui Liquor Co Ltd (000799)	$4.28 Billion	12.80%	0.32x	$2.07 Billion
Wuliangye Yibin Co Ltd (000858)	$54.67 Billion	17.69%	0.30x	$50.55 Billion
Beijing Shunxin Agriculture Co Ltd (000860)	$886.70 Million	8.71%	0.16x	$1.35 Billion
Yantai Changyu Pioneer Wine Co Ltd (000869)	$189.26 Million	21.37%	1.41x	$1.27 Billion
Shanghai Bairun Flavor & Fragrance Co Ltd (002568)	$996.33 Million	50.20%	0.83x	$2.79 Billion
Qinghai Huzhu Barley Wine Co Ltd (002646)	$1.57 Billion	13.48%	0.15x	$562.97 Million
Anhui Gujing Distillery Co Ltd (200596)	$3.74 Billion	16.62%	0.55x	$930.75 Million

About Jiangsu Yanghe Brewery Joint-Stock Co Ltd

SHE:002304 China Beverages - Wineries & Distilleries

Market Cap

$10.39 Billion

CN¥71.03 Billion CNY

Market Cap Rank

#2186 Global

#276 in China

Share Price

CN¥47.15

Change (1 day)

+0.28%

52-Week Range

CN¥47.02 - CN¥74.42

All Time High

CN¥235.18