Qinghai Huzhu Barley Wine Co Ltd
Qinghai Huzhu TianYouDe Highland Barley Spirit Co., Ltd. engages in the research, development, production, and sales of highland barley spirits in China. It sells its products through e-commerce platform, and wholesale and retail under the Tianyoude, Huzhu, Yongqinghe, Bada Workshop, Shiyide, Tibetu, Maxville, and other brands. The company was formerly known as Qinghai Huzhu Barley Wine Co.,Ltd. … Read more
Qinghai Huzhu Barley Wine Co Ltd (002646) - Net Assets
Latest net assets as of September 2025: CN¥2.84 Billion CNY
Based on the latest financial reports, Qinghai Huzhu Barley Wine Co Ltd (002646) has net assets worth CN¥2.84 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.29 Billion) and total liabilities (CN¥446.82 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.84 Billion |
| % of Total Assets | 86.42% |
| Annual Growth Rate | 20.75% |
| 5-Year Change | 25.36% |
| 10-Year Change | 19.59% |
| Growth Volatility | 66.07 |
Qinghai Huzhu Barley Wine Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Qinghai Huzhu Barley Wine Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Qinghai Huzhu Barley Wine Co Ltd (2008–2024)
The table below shows the annual net assets of Qinghai Huzhu Barley Wine Co Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.80 Billion | -0.29% |
| 2023-12-31 | CN¥2.80 Billion | +2.47% |
| 2022-12-31 | CN¥2.74 Billion | +1.49% |
| 2021-12-31 | CN¥2.70 Billion | +20.89% |
| 2020-12-31 | CN¥2.23 Billion | -5.56% |
| 2019-12-31 | CN¥2.36 Billion | -0.66% |
| 2018-12-31 | CN¥2.38 Billion | +3.45% |
| 2017-12-31 | CN¥2.30 Billion | -6.76% |
| 2016-12-31 | CN¥2.46 Billion | +5.43% |
| 2015-12-31 | CN¥2.34 Billion | +5.08% |
| 2014-12-31 | CN¥2.22 Billion | +8.94% |
| 2013-12-31 | CN¥2.04 Billion | +14.65% |
| 2012-12-31 | CN¥1.78 Billion | +13.47% |
| 2011-12-31 | CN¥1.57 Billion | +245.78% |
| 2010-12-31 | CN¥453.90 Million | +149.48% |
| 2009-12-31 | CN¥181.94 Million | +32.93% |
| 2008-12-31 | CN¥136.87 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Qinghai Huzhu Barley Wine 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 2298.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥878.37 Million | 31.21% |
| Common Stock | CN¥482.00 Million | 17.13% |
| Other Components | CN¥1.45 Billion | 51.66% |
| Total Equity | CN¥2.81 Billion | 100.00% |
Qinghai Huzhu Barley Wine Co Ltd Competitors by Market Cap
The table below lists competitors of Qinghai Huzhu Barley Wine Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cicor Technologies Ltd
SW:CICN
|
$324.05 Million |
|
Shandong Ruifeng Chemical Co Ltd
SHE:300243
|
$324.08 Million |
|
Zhejiang Youpon Integrated Ceiling Co Ltd
SHE:002718
|
$324.16 Million |
|
WILLIS LEASE FIN. DL-01
F:WIJ
|
$324.24 Million |
|
SNDL Inc.
NASDAQ:SNDL
|
$323.90 Million |
|
Audinate Group Limited
PINK:AUDGF
|
$323.81 Million |
|
Anhui Huaren Health Pharmaceutical Co. Ltd. Cl A
SHE:301408
|
$323.73 Million |
|
GL EVENTS S.A. EO 4
F:0X5
|
$323.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qinghai Huzhu Barley Wine Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,822,092,907 to 2,814,061,051, a change of -8,031,856 (-0.3%).
- Net income of 42,135,340 contributed positively to equity growth.
- Dividend payments of 79,115,915 reduced retained earnings.
- Other factors increased equity by 28,948,719.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥42.14 Million | +1.5% |
| Dividends Paid | CN¥79.12 Million | -2.81% |
| Other Changes | CN¥28.95 Million | +1.03% |
| Total Change | CN¥- | -0.28% |
Book Value vs Market Value Analysis
This analysis compares Qinghai Huzhu Barley Wine 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: 1.45x
- 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 20.34x to 1.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.42 | CN¥8.55 | x |
| 2009-12-31 | CN¥0.55 | CN¥8.55 | x |
| 2010-12-31 | CN¥1.27 | CN¥8.55 | x |
| 2011-12-31 | CN¥4.02 | CN¥8.55 | x |
| 2012-12-31 | CN¥3.96 | CN¥8.55 | x |
| 2013-12-31 | CN¥4.54 | CN¥8.55 | x |
| 2014-12-31 | CN¥4.94 | CN¥8.55 | x |
| 2015-12-31 | CN¥5.21 | CN¥8.55 | x |
| 2016-12-31 | CN¥5.50 | CN¥8.55 | x |
| 2017-12-31 | CN¥5.13 | CN¥8.55 | x |
| 2018-12-31 | CN¥5.31 | CN¥8.55 | x |
| 2019-12-31 | CN¥5.27 | CN¥8.55 | x |
| 2020-12-31 | CN¥4.99 | CN¥8.55 | x |
| 2021-12-31 | CN¥5.75 | CN¥8.55 | x |
| 2022-12-31 | CN¥5.84 | CN¥8.55 | x |
| 2023-12-31 | CN¥5.97 | CN¥8.55 | x |
| 2024-12-31 | CN¥5.89 | CN¥8.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qinghai Huzhu Barley Wine 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): 1.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.36%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.19x
- Recent ROE (1.50%) is below the historical average (12.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 36.00% | 20.31% | 0.99x | 1.78x | CN¥35.52 Million |
| 2009 | 63.74% | 26.55% | 1.34x | 1.78x | CN¥95.76 Million |
| 2010 | 29.86% | 22.71% | 0.84x | 1.56x | CN¥90.15 Million |
| 2011 | 13.48% | 25.14% | 0.47x | 1.15x | CN¥54.68 Million |
| 2012 | 16.93% | 25.19% | 0.56x | 1.21x | CN¥123.35 Million |
| 2013 | 18.29% | 25.97% | 0.60x | 1.17x | CN¥169.20 Million |
| 2014 | 14.26% | 23.41% | 0.54x | 1.13x | CN¥94.83 Million |
| 2015 | 9.85% | 16.94% | 0.50x | 1.16x | CN¥-3.50 Million |
| 2016 | 8.72% | 15.04% | 0.45x | 1.28x | CN¥-31.58 Million |
| 2017 | -4.08% | -7.14% | 0.49x | 1.15x | CN¥-325.04 Million |
| 2018 | 4.50% | 7.98% | 0.46x | 1.23x | CN¥-131.44 Million |
| 2019 | 0.91% | 1.72% | 0.45x | 1.18x | CN¥-215.66 Million |
| 2020 | -5.56% | -16.34% | 0.29x | 1.19x | CN¥-349.38 Million |
| 2021 | 2.33% | 6.00% | 0.33x | 1.19x | CN¥-208.33 Million |
| 2022 | 2.74% | 7.72% | 0.31x | 1.16x | CN¥-200.10 Million |
| 2023 | 3.17% | 7.40% | 0.36x | 1.18x | CN¥-192.63 Million |
| 2024 | 1.50% | 3.36% | 0.38x | 1.19x | CN¥-239.27 Million |
Industry Comparison
This section compares Qinghai Huzhu Barley Wine 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: $8,508,118,836
- Average return on equity (ROE) among peers: 18.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qinghai Huzhu Barley Wine Co Ltd (002646) | CN¥2.84 Billion | 36.00% | 0.16x | $324.05 Million |
| Luzhou Lao Jiao Co Ltd (000568) | $235.40 Million | 25.02% | 1.14x | $10.63 Billion |
| Jiugui Liquor Co Ltd (000799) | $4.15 Billion | 25.26% | 0.41x | $1.44 Billion |
| Wuliangye Yibin Co Ltd (000858) | $3.19 Billion | 24.07% | 0.44x | $24.90 Billion |
| Beijing Shunxin Agriculture Co Ltd (000860) | $7.46 Billion | 10.85% | 1.95x | $880.58 Million |
| Yantai Changyu Pioneer Wine Co Ltd (000869) | $1.44 Billion | 7.71% | 0.27x | $860.99 Million |
| Jiangsu Yanghe Brewery Joint-Stock Co Ltd (002304) | $52.05 Billion | 19.24% | 0.34x | $3.60 Billion |
| Shanghai Bairun Flavor & Fragrance Co Ltd (002568) | $4.70 Billion | 15.31% | 0.73x | $1.25 Billion |
| Anhui Gujing Distillery Co Ltd (200596) | $785.49 Million | 22.16% | 0.82x | $2.43 Billion |
| Vats Liquor Chain Store Management Joint Stock Co Ltd (300755) | $2.56 Billion | 12.49% | 0.62x | $218.25 Million |