Yantai Changyu Pioneer Wine (200869) - Net Assets

Latest as of June 2025: HK$10.70 Billion HKD ≈ $1.37 Billion USD

Based on the latest financial reports, Yantai Changyu Pioneer Wine (200869) has net assets worth HK$10.70 Billion HKD (≈ $1.37 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (HK$12.18 Billion ≈ $1.55 Billion USD) and total liabilities (HK$1.48 Billion ≈ $188.59 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 how resilient are Yantai Changyu Pioneer Wine's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	HK$10.70 Billion
% of Total Assets	87.87%
Annual Growth Rate	17.5%
5-Year Change	2.55%
10-Year Change	38.88%
Growth Volatility	37.89

Yantai Changyu Pioneer Wine - Net Assets Trend (1994–2024)

This chart illustrates how Yantai Changyu Pioneer Wine's net assets have evolved over time, based on quarterly financial data. Also explore 200869 total asset value for the complete picture of this company's asset base.

Annual Net Assets for Yantai Changyu Pioneer Wine (1994–2024)

The table below shows the annual net assets of Yantai Changyu Pioneer Wine from 1994 to 2024. For live valuation and market cap data, see 200869 market cap overview.

Year	Net Assets	Change
2024-12-31	HK$10.77 Billion ≈ $1.38 Billion	-1.98%
2023-12-31	HK$10.99 Billion ≈ $1.40 Billion	+1.52%
2022-12-31	HK$10.83 Billion ≈ $1.38 Billion	+1.24%
2021-12-31	HK$10.69 Billion ≈ $1.36 Billion	+1.79%
2020-12-31	HK$10.50 Billion ≈ $1.34 Billion	-0.70%
2019-12-31	HK$10.58 Billion ≈ $1.35 Billion	+6.96%
2018-12-31	HK$9.89 Billion ≈ $1.26 Billion	+7.76%
2017-12-31	HK$9.18 Billion ≈ $1.17 Billion	+9.27%
2016-12-31	HK$8.40 Billion ≈ $1.07 Billion	+8.29%
2015-12-31	HK$7.76 Billion ≈ $990.15 Million	+10.76%
2014-12-31	HK$7.00 Billion ≈ $893.98 Million	+9.92%
2013-12-31	HK$6.37 Billion ≈ $813.29 Million	+5.14%
2012-12-31	HK$6.06 Billion ≈ $773.52 Million	+17.66%
2011-12-31	HK$5.15 Billion ≈ $657.41 Million	+28.87%
2010-12-31	HK$4.00 Billion ≈ $510.12 Million	+25.88%
2009-12-31	HK$3.17 Billion ≈ $405.26 Million	+20.75%
2008-12-31	HK$2.63 Billion ≈ $335.61 Million	+13.60%
2007-12-31	HK$2.31 Billion ≈ $295.44 Million	+12.17%
2006-12-31	HK$2.06 Billion ≈ $263.39 Million	+9.32%
2005-12-31	HK$1.89 Billion ≈ $240.94 Million	+6.22%
2004-12-31	HK$1.78 Billion ≈ $226.83 Million	+11.41%
2003-12-31	HK$1.59 Billion ≈ $203.60 Million	+10.51%
2002-12-31	HK$1.44 Billion ≈ $184.25 Million	+6.25%
2001-12-31	HK$1.36 Billion ≈ $173.41 Million	+8.52%
2000-12-31	HK$1.25 Billion ≈ $159.79 Million	+118.42%
1999-12-31	HK$573.10 Million ≈ $73.16 Million	+11.29%
1998-12-31	HK$514.98 Million ≈ $65.74 Million	+2.35%
1997-12-31	HK$503.14 Million ≈ $64.23 Million	+165.84%
1996-12-31	HK$189.26 Million ≈ $24.16 Million	+107.73%
1995-12-31	HK$91.11 Million ≈ $11.63 Million	+6.83%
1994-12-31	HK$85.28 Million ≈ $10.89 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Yantai Changyu Pioneer Wine'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 923292837000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	HK$9.23 Billion	86.95%
Common Stock	HK$671.82 Million	6.33%
Other Components	HK$714.46 Million	6.73%
Total Equity	HK$10.62 Billion	100.00%

Yantai Changyu Pioneer Wine Competitors by Market Cap

The table below lists competitors of Yantai Changyu Pioneer Wine ranked by their market capitalization.

Company	Market Cap
Superkrane Mitra Utama Tbk PT JK:SKRN	$201.04 Million
Amtech Systems Inc NASDAQ:ASYS	$201.11 Million
Ndr Auto Components Limited NSE:NDRAUTO	$201.15 Million
SOL-GEL TECHN. IS-10 F:4SG	$201.21 Million
Maritime Resources Corp. V:MAE	$200.98 Million
Bergbahnen Engelberg Truebsee Titlis Bet AG SW:TIBN	$200.93 Million
Dynamix Corporation III Class A Ordinary Shares NASDAQ:DNMX	$200.85 Million
Taiyen Biotech Co Ltd TW:1737	$200.69 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Yantai Changyu Pioneer Wine's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 10,841,500,988 to 10,619,208,419, a change of -222,292,569 (-2.1%).
Net income of 305,211,000 contributed positively to equity growth.
Dividend payments of 377,462,000 reduced retained earnings.
Share repurchases of 184,571,468 reduced equity.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	HK$305.21 Million	+2.87%
Dividends Paid	HK$377.46 Million	-3.55%
Share Repurchases	HK$184.57 Million	-1.74%
Other Changes	HK$34.53 Million	+0.33%
Total Change	HK$-	-2.05%

Book Value vs Market Value Analysis

This analysis compares Yantai Changyu Pioneer Wine'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: 0.50x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 63.18x to 0.50x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1994-12-31	HK$0.12	HK$7.89	x
1995-12-31	HK$0.13	HK$7.89	x
1996-12-31	HK$0.28	HK$7.89	x
1997-12-31	HK$0.74	HK$7.89	x
1998-12-31	HK$0.75	HK$7.89	x
1999-12-31	HK$0.84	HK$7.89	x
2000-12-31	HK$1.83	HK$7.89	x
2001-12-31	HK$1.99	HK$7.89	x
2002-12-31	HK$2.07	HK$7.89	x
2003-12-31	HK$2.30	HK$7.89	x
2004-12-31	HK$2.55	HK$7.89	x
2005-12-31	HK$2.71	HK$7.89	x
2006-12-31	HK$2.94	HK$7.89	x
2007-12-31	HK$3.26	HK$7.89	x
2008-12-31	HK$3.72	HK$7.89	x
2009-12-31	HK$4.44	HK$7.89	x
2010-12-31	HK$5.60	HK$7.89	x
2011-12-31	HK$7.31	HK$7.89	x
2012-12-31	HK$8.62	HK$7.89	x
2013-12-31	HK$9.06	HK$7.89	x
2014-12-31	HK$10.00	HK$7.89	x
2015-12-31	HK$11.01	HK$7.89	x
2016-12-31	HK$11.95	HK$7.89	x
2017-12-31	HK$13.04	HK$7.89	x
2018-12-31	HK$14.00	HK$7.89	x
2019-12-31	HK$15.08	HK$7.89	x
2020-12-31	HK$15.05	HK$7.89	x
2021-12-31	HK$15.25	HK$7.89	x
2022-12-31	HK$15.55	HK$7.89	x
2023-12-31	HK$15.81	HK$7.89	x
2024-12-31	HK$15.88	HK$7.89	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Yantai Changyu Pioneer Wine 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): 2.87%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 9.31%
• Asset Turnover: 0.26x
• Equity Multiplier: 1.18x
Recent ROE (2.87%) is below the historical average (17.88%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1994	51.26%	17.87%	0.84x	3.42x	HK$35.18 Million
1995	30.56%	9.28%	0.84x	3.93x	HK$18.73 Million
1996	21.37%	12.83%	0.69x	2.41x	HK$21.52 Million
1997	12.16%	15.60%	0.52x	1.50x	HK$10.86 Million
1998	15.44%	13.98%	0.78x	1.42x	HK$27.99 Million
1999	16.11%	14.66%	0.77x	1.43x	HK$35.01 Million
2000	10.20%	14.59%	0.54x	1.29x	HK$2.47 Million
2001	12.65%	19.37%	0.53x	1.23x	HK$35.98 Million
2002	7.86%	11.98%	0.51x	1.29x	HK$-30.36 Million
2003	9.65%	13.35%	0.58x	1.24x	HK$-5.47 Million
2004	11.73%	15.25%	0.62x	1.24x	HK$30.11 Million
2005	16.89%	17.31%	0.77x	1.27x	HK$127.39 Million
2006	22.09%	20.52%	0.79x	1.36x	HK$242.89 Million
2007	28.52%	23.28%	0.84x	1.46x	HK$412.73 Million
2008	35.17%	25.91%	0.85x	1.60x	HK$640.26 Million
2009	37.10%	26.84%	0.78x	1.77x	HK$823.51 Million
2010	37.35%	28.78%	0.83x	1.56x	HK$1.05 Billion
2011	38.04%	31.64%	0.83x	1.46x	HK$1.41 Billion
2012	28.77%	30.14%	0.69x	1.37x	HK$1.11 Billion
2013	16.88%	24.26%	0.54x	1.29x	HK$427.36 Million
2014	14.29%	23.52%	0.47x	1.30x	HK$293.66 Million
2015	13.62%	22.15%	0.45x	1.37x	HK$273.66 Million
2016	11.97%	20.83%	0.41x	1.40x	HK$161.56 Million
2017	11.58%	20.92%	0.39x	1.41x	HK$141.06 Million
2018	10.85%	20.28%	0.39x	1.37x	HK$82.02 Million
2019	10.96%	22.46%	0.37x	1.32x	HK$98.84 Million
2020	4.59%	13.87%	0.26x	1.28x	HK$-555.92 Million
2021	4.79%	12.65%	0.29x	1.29x	HK$-544.69 Million
2022	4.05%	10.94%	0.30x	1.25x	HK$-629.22 Million
2023	4.91%	12.14%	0.33x	1.23x	HK$-551.71 Million
2024	2.87%	9.31%	0.26x	1.18x	HK$-756.71 Million

Industry Comparison

This section compares Yantai Changyu Pioneer Wine's net assets metrics with peer companies in the Beverages - Wineries & Distilleries industry.

Industry Context

Industry: Beverages - Wineries & Distilleries
Average net assets among peers: $7,528,861,736
Average return on equity (ROE) among peers: 22.11%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Yantai Changyu Pioneer Wine (200869)	HK$10.70 Billion	51.26%	0.14x	$201.01 Million
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
Jiangsu Yanghe Brewery Joint-Stock Co Ltd (002304)	$9.91 Billion	40.58%	0.91x	$10.85 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 Yantai Changyu Pioneer Wine

SHE:200869 China Beverages - Wineries & Distilleries

Market Cap

$201.01 Million

HK$1.57 Billion HKD

Market Cap Rank

#16514 Global

#4656 in China

Share Price

HK$7.89

Change (1 day)

-0.50%

52-Week Range

HK$7.44 - HK$9.00

All Time High

HK$20.72