Guangzhou Zhujiang Brewery Co Ltd (002461) - Net Assets
Based on the latest financial reports, Guangzhou Zhujiang Brewery Co Ltd (002461) has net assets worth CN¥11.14 Billion CNY (≈ $1.63 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¥16.49 Billion ≈ $2.41 Billion USD) and total liabilities (CN¥5.35 Billion ≈ $783.52 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 002461 strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥11.14 Billion |
| % of Total Assets | 67.54% |
| Annual Growth Rate | 12.51% |
| 5-Year Change | 17.74% |
| 10-Year Change | 208.15% |
| Growth Volatility | 30.01 |
Guangzhou Zhujiang Brewery Co Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Guangzhou Zhujiang Brewery Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Guangzhou Zhujiang Brewery Co Ltd market capitalisation.
Annual Net Assets for Guangzhou Zhujiang Brewery Co Ltd (2005–2024)
The table below shows the annual net assets of Guangzhou Zhujiang Brewery Co Ltd from 2005 to 2024. Also explore Guangzhou Zhujiang Brewery Co Ltd (002461) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥10.58 Billion ≈ $1.55 Billion |
+5.35% |
| 2023-12-31 | CN¥10.04 Billion ≈ $1.47 Billion |
+3.83% |
| 2022-12-31 | CN¥9.67 Billion ≈ $1.41 Billion |
+3.48% |
| 2021-12-31 | CN¥9.34 Billion ≈ $1.37 Billion |
+4.02% |
| 2020-12-31 | CN¥8.98 Billion ≈ $1.31 Billion |
+4.08% |
| 2019-12-31 | CN¥8.63 Billion ≈ $1.26 Billion |
+4.42% |
| 2018-12-31 | CN¥8.27 Billion ≈ $1.21 Billion |
+3.42% |
| 2017-12-31 | CN¥7.99 Billion ≈ $1.17 Billion |
+123.52% |
| 2016-12-31 | CN¥3.58 Billion ≈ $523.23 Million |
+4.17% |
| 2015-12-31 | CN¥3.43 Billion ≈ $502.27 Million |
+2.08% |
| 2014-12-31 | CN¥3.36 Billion ≈ $492.05 Million |
+1.65% |
| 2013-12-31 | CN¥3.31 Billion ≈ $484.04 Million |
+1.10% |
| 2012-12-31 | CN¥3.27 Billion ≈ $478.76 Million |
+2.02% |
| 2011-12-31 | CN¥3.21 Billion ≈ $469.27 Million |
+0.50% |
| 2010-12-31 | CN¥3.19 Billion ≈ $466.95 Million |
+12.48% |
| 2009-12-31 | CN¥2.84 Billion ≈ $415.14 Million |
+3.12% |
| 2008-12-31 | CN¥2.75 Billion ≈ $402.56 Million |
+2.28% |
| 2007-12-31 | CN¥2.69 Billion ≈ $393.59 Million |
+58.29% |
| 2006-12-31 | CN¥1.70 Billion ≈ $248.65 Million |
+50.79% |
| 2005-12-31 | CN¥1.13 Billion ≈ $164.90 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Guangzhou Zhujiang Brewery 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 822.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.46 Billion | 32.88% |
| Common Stock | CN¥2.21 Billion | 21.06% |
| Other Comprehensive Income | CN¥3.92 Million | 0.04% |
| Other Components | CN¥4.84 Billion | 46.02% |
| Total Equity | CN¥10.51 Billion | 100.00% |
Guangzhou Zhujiang Brewery Co Ltd Competitors by Market Cap
The table below lists competitors of Guangzhou Zhujiang Brewery Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Benchmark Electronics Inc
NYSE:BHE
|
$2.71 Billion |
|
AIMA Technology Group Co Ltd
SHG:603529
|
$2.71 Billion |
|
Amber Enterprises India Limited
NSE:AMBER
|
$2.71 Billion |
|
Robert Half International Inc
NYSE:RHI
|
$2.71 Billion |
|
Société BIC SA
PA:BB
|
$2.71 Billion |
|
Henan Yuneng Holdings Co Ltd
SHE:001896
|
$2.70 Billion |
|
China South Publishing & Media Group Co Ltd
SHG:601098
|
$2.70 Billion |
|
Topgolf Callaway Brands Corp.
NYSE:MODG
|
$2.70 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangzhou Zhujiang Brewery Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,975,639,085 to 10,509,964,718, a change of 534,325,633 (5.4%).
- Net income of 810,273,195 contributed positively to equity growth.
- Dividend payments of 287,493,948 reduced retained earnings.
- Other comprehensive income increased equity by 718,496.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥810.27 Million | +7.71% |
| Dividends Paid | CN¥287.49 Million | -2.74% |
| Other Comprehensive Income | CN¥718.50K | +0.01% |
| Other Changes | CN¥10.83 Million | +0.1% |
| Total Change | CN¥- | 5.36% |
Book Value vs Market Value Analysis
This analysis compares Guangzhou Zhujiang Brewery 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: 1.76x
- 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 6.87x to 1.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | CN¥1.22 | CN¥8.36 | x |
| 2006-12-31 | CN¥1.63 | CN¥8.36 | x |
| 2007-12-31 | CN¥2.65 | CN¥8.36 | x |
| 2008-12-31 | CN¥2.28 | CN¥8.36 | x |
| 2009-12-31 | CN¥2.30 | CN¥8.36 | x |
| 2010-12-31 | CN¥2.43 | CN¥8.36 | x |
| 2011-12-31 | CN¥2.22 | CN¥8.36 | x |
| 2012-12-31 | CN¥2.22 | CN¥8.36 | x |
| 2013-12-31 | CN¥2.38 | CN¥8.36 | x |
| 2014-12-31 | CN¥2.48 | CN¥8.36 | x |
| 2015-12-31 | CN¥2.45 | CN¥8.36 | x |
| 2016-12-31 | CN¥2.64 | CN¥8.36 | x |
| 2017-12-31 | CN¥3.86 | CN¥8.36 | x |
| 2018-12-31 | CN¥3.81 | CN¥8.36 | x |
| 2019-12-31 | CN¥3.87 | CN¥8.36 | x |
| 2020-12-31 | CN¥4.03 | CN¥8.36 | x |
| 2021-12-31 | CN¥4.19 | CN¥8.36 | x |
| 2022-12-31 | CN¥4.35 | CN¥8.36 | x |
| 2023-12-31 | CN¥4.48 | CN¥8.36 | x |
| 2024-12-31 | CN¥4.75 | CN¥8.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangzhou Zhujiang Brewery 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): 7.71%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.14%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.51x
- Recent ROE (7.71%) is above the historical average (5.01%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 15.21% | 5.21% | 1.18x | 2.47x | CN¥55.45 Million |
| 2006 | 11.32% | 5.08% | 0.98x | 2.28x | CN¥20.01 Million |
| 2007 | 7.92% | 5.67% | 0.79x | 1.78x | CN¥-55.53 Million |
| 2008 | 2.20% | 1.86% | 0.67x | 1.77x | CN¥-213.27 Million |
| 2009 | 3.04% | 3.03% | 0.60x | 1.67x | CN¥-196.14 Million |
| 2010 | 2.88% | 2.99% | 0.56x | 1.71x | CN¥-225.87 Million |
| 2011 | 1.57% | 1.41% | 0.65x | 1.72x | CN¥-268.62 Million |
| 2012 | 1.57% | 1.47% | 0.61x | 1.76x | CN¥-272.93 Million |
| 2013 | 1.26% | 1.23% | 0.58x | 1.75x | CN¥-286.10 Million |
| 2014 | 1.82% | 1.71% | 0.56x | 1.89x | CN¥-271.96 Million |
| 2015 | 2.45% | 2.36% | 0.54x | 1.91x | CN¥-255.99 Million |
| 2016 | 3.23% | 3.21% | 0.54x | 1.87x | CN¥-239.21 Million |
| 2017 | 2.33% | 4.93% | 0.33x | 1.42x | CN¥-609.30 Million |
| 2018 | 4.46% | 9.07% | 0.33x | 1.48x | CN¥-455.54 Million |
| 2019 | 5.80% | 11.72% | 0.35x | 1.40x | CN¥-360.17 Million |
| 2020 | 6.38% | 13.40% | 0.33x | 1.46x | CN¥-323.16 Million |
| 2021 | 6.58% | 13.47% | 0.34x | 1.46x | CN¥-317.00 Million |
| 2022 | 6.22% | 12.14% | 0.35x | 1.45x | CN¥-363.50 Million |
| 2023 | 6.25% | 11.59% | 0.37x | 1.46x | CN¥-374.06 Million |
| 2024 | 7.71% | 14.14% | 0.36x | 1.51x | CN¥-240.72 Million |
Industry Comparison
This section compares Guangzhou Zhujiang Brewery Co Ltd's net assets metrics with peer companies in the Beverages - Brewers industry.
Industry Context
- Industry: Beverages - Brewers
- Average net assets among peers: $1,954,653,420
- Average return on equity (ROE) among peers: 3.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangzhou Zhujiang Brewery Co Ltd (002461) | CN¥11.14 Billion | 15.21% | 0.48x | $2.71 Billion |
| Beijing Yanjing Brewery Co Ltd (000729) | $6.27 Billion | 4.90% | 0.40x | $4.44 Billion |
| Tibet Galaxy Science & Technology Development Co Ltd (000752) | $21.12 Million | 13.85% | 1.54x | $335.40 Million |
| Lanzhou Huanghe Enterprise Co Ltd (000929) | $955.72 Million | -4.89% | 0.17x | $245.47 Million |
| Gansu Huangtai Wine-marketing Industry Co. Ltd. (000995) | $351.64 Million | 1.39% | 0.65x | $281.41 Million |
| Chongqing Brewery Co Ltd (600132) | $1.16 Billion | 34.77% | 1.84x | $2.67 Billion |
| Hainan Yedao Group Co Ltd (600238) | $758.78 Million | -13.99% | 1.54x | $303.66 Million |
| FuJian YanJing HuiQuan Brewery Co Ltd (600573) | $450.64 Million | 15.43% | 1.65x | $354.85 Million |
| Tsingtao Brewery Co Ltd (600600) | $6.42 Billion | 10.90% | 0.95x | $5.19 Billion |
| Sichuan Swellfun Co Ltd (600779) | $1.21 Billion | -33.40% | 0.35x | $1.85 Billion |
About Guangzhou Zhujiang Brewery Co Ltd
Guangzhou Zhujiang Brewery Co., Ltd. engages in the processing and sales of beer and beverages in China. It also involved in yeast feed sales and leasing catering services, as well as offers packaging materials. The company offers beer products under the Zhujiang Draft, Zhujiang, and Supra brands. Guangzhou Zhujiang Brewery Co., Ltd was founded in 1985 and is based in Guangzhou, the People's Repu… Read more