Jiangsu Yanghe Brewery Joint-Stock Co Ltd (002304) - Net Assets
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 |
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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 |
|---|---|
|
Aecom Technology Corporation
NYSE:ACM
|
$10.87 Billion |
|
Grupo Aeroportuario del Pacífico S.A.B. de C.V
MX:GAPB
|
$10.87 Billion |
|
Zebra Technologies Corporation
NASDAQ:ZBRA
|
$10.88 Billion |
|
NIO INC. CL. A DL -00025
F:N3I
|
$10.88 Billion |
|
Societatea Nationala de Gaze Naturale Romgaz SA
RO:SNG
|
$10.83 Billion |
|
ACM Research Shanghai Inc
SHG:688082
|
$10.83 Billion |
|
Ruijie Networks Co. Ltd. A
SHE:301165
|
$10.82 Billion |
|
Belimo Holding
SW:BEAN
|
$10.81 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: 1.44x
- 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 166.15x to 1.44x 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¥49.23 | x |
| 2007-12-31 | CN¥0.53 | CN¥49.23 | x |
| 2008-12-31 | CN¥1.01 | CN¥49.23 | x |
| 2009-12-31 | CN¥3.66 | CN¥49.23 | x |
| 2010-12-31 | CN¥4.58 | CN¥49.23 | x |
| 2011-12-31 | CN¥6.54 | CN¥49.23 | x |
| 2012-12-31 | CN¥9.72 | CN¥49.23 | x |
| 2013-12-31 | CN¥11.50 | CN¥49.23 | x |
| 2014-12-31 | CN¥13.08 | CN¥49.23 | x |
| 2015-12-31 | CN¥15.22 | CN¥49.23 | x |
| 2016-12-31 | CN¥17.30 | CN¥49.23 | x |
| 2017-12-31 | CN¥19.59 | CN¥49.23 | x |
| 2018-12-31 | CN¥22.53 | CN¥49.23 | x |
| 2019-12-31 | CN¥24.23 | CN¥49.23 | x |
| 2020-12-31 | CN¥25.64 | CN¥49.23 | x |
| 2021-12-31 | CN¥28.20 | CN¥49.23 | x |
| 2022-12-31 | CN¥31.51 | CN¥49.23 | x |
| 2023-12-31 | CN¥34.48 | CN¥49.23 | x |
| 2024-12-31 | CN¥34.25 | CN¥49.23 | 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: $7,264,442,947
- Average return on equity (ROE) among peers: 20.06%
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 | $10.85 Billion |
| Luzhou Lao Jiao Co Ltd (000568) | $34.33 Billion | 30.19% | 0.50x | $21.56 Billion |
| Anhui Gujing Distillery Co Ltd (000596) | $315.78 Million | 46.57% | 0.90x | $6.41 Billion |
| Jiugui Liquor Co Ltd (000799) | $1.37 Billion | 14.04% | 0.57x | $2.03 Billion |
| Wuliangye Yibin Co Ltd (000858) | $6.03 Billion | 11.67% | 0.37x | $55.14 Billion |
| Beijing Shunxin Agriculture Co Ltd (000860) | $7.79 Billion | 1.31% | 1.49x | $1.38 Billion |
| Yantai Changyu Pioneer Wine Co Ltd (000869) | $7.76 Billion | 13.28% | 0.33x | $1.30 Billion |
| Shanghai Bairun Flavor & Fragrance Co Ltd (002568) | $4.70 Billion | 15.31% | 0.73x | $2.92 Billion |
| Qinghai Huzhu Barley Wine Co Ltd (002646) | $2.04 Billion | 18.29% | 0.17x | $567.18 Million |
| Anhui Gujing Distillery Co Ltd (200596) | $1.05 Billion | 29.90% | 0.77x | $1.01 Billion |
About Jiangsu Yanghe Brewery Joint-Stock Co Ltd
Jiangsu Yanghe Distillery Co., Ltd. offers liquors and wines. It offers dream blue, sujiu, sky blue, zhenbaofang, ocean blue, yanghe daqu, shuanggou daqu, guijiu, and sidus wine. It offers its products primarily under the baijiu, Yanghe, and Shuanggou brands. The company was formerly known as Jiangsu Yanghe Brewery Joint-Stock Co., Ltd. and changed its name to Jiangsu Yanghe Distillery Co., Ltd. … Read more