Chongqing Brewery Co Ltd (600132) - Net Assets
Based on the latest financial reports, Chongqing Brewery Co Ltd (600132) has net assets worth CN¥3.37 Billion CNY (≈ $493.66 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥12.00 Billion ≈ $1.76 Billion USD) and total liabilities (CN¥8.62 Billion ≈ $1.26 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 Chongqing Brewery Co Ltd (600132) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.37 Billion |
| % of Total Assets | 28.12% |
| Annual Growth Rate | 12.39% |
| 5-Year Change | -8.56% |
| 10-Year Change | 130.26% |
| Growth Volatility | 37.81 |
Chongqing Brewery Co Ltd - Net Assets Trend (1994–2025)
This chart illustrates how Chongqing Brewery Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 600132 stock market capitalisation.
Annual Net Assets for Chongqing Brewery Co Ltd (1994–2025)
The table below shows the annual net assets of Chongqing Brewery Co Ltd from 1994 to 2025. Also explore Chongqing Brewery Co Ltd (600132) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.86 Billion ≈ $418.58 Million |
+16.58% |
| 2024-12-31 | CN¥2.45 Billion ≈ $359.05 Million |
-32.82% |
| 2023-12-31 | CN¥3.65 Billion ≈ $534.42 Million |
+0.80% |
| 2022-12-31 | CN¥3.62 Billion ≈ $530.16 Million |
+15.81% |
| 2021-12-31 | CN¥3.13 Billion ≈ $457.77 Million |
+99.40% |
| 2020-12-31 | CN¥1.57 Billion ≈ $229.57 Million |
+3.80% |
| 2019-12-31 | CN¥1.51 Billion ≈ $221.16 Million |
+30.08% |
| 2018-12-31 | CN¥1.16 Billion ≈ $170.02 Million |
-0.29% |
| 2017-12-31 | CN¥1.17 Billion ≈ $170.51 Million |
-6.20% |
| 2016-12-31 | CN¥1.24 Billion ≈ $181.78 Million |
+1.90% |
| 2015-12-31 | CN¥1.22 Billion ≈ $178.40 Million |
-14.09% |
| 2014-12-31 | CN¥1.42 Billion ≈ $207.66 Million |
-21.16% |
| 2013-12-31 | CN¥1.80 Billion ≈ $263.39 Million |
-2.92% |
| 2012-12-31 | CN¥1.85 Billion ≈ $271.30 Million |
+25.25% |
| 2011-12-31 | CN¥1.48 Billion ≈ $216.61 Million |
-1.08% |
| 2010-12-31 | CN¥1.50 Billion ≈ $218.98 Million |
+15.77% |
| 2009-12-31 | CN¥1.29 Billion ≈ $189.14 Million |
+14.63% |
| 2008-12-31 | CN¥1.13 Billion ≈ $165.01 Million |
+14.81% |
| 2007-12-31 | CN¥982.17 Million ≈ $143.72 Million |
+10.20% |
| 2006-12-31 | CN¥891.24 Million ≈ $130.42 Million |
+18.46% |
| 2005-12-31 | CN¥752.38 Million ≈ $110.10 Million |
+1.67% |
| 2004-12-31 | CN¥740.04 Million ≈ $108.29 Million |
+1.89% |
| 2003-12-31 | CN¥726.31 Million ≈ $106.28 Million |
+6.21% |
| 2002-12-31 | CN¥683.85 Million ≈ $100.07 Million |
+8.64% |
| 2001-12-31 | CN¥629.49 Million ≈ $92.11 Million |
-2.83% |
| 2000-12-31 | CN¥647.85 Million ≈ $94.80 Million |
+2.66% |
| 1999-12-31 | CN¥631.03 Million ≈ $92.34 Million |
+16.00% |
| 1998-12-31 | CN¥544.00 Million ≈ $79.60 Million |
+12.45% |
| 1997-12-31 | CN¥483.79 Million ≈ $70.79 Million |
+112.21% |
| 1996-12-31 | CN¥227.98 Million ≈ $33.36 Million |
+15.77% |
| 1995-12-31 | CN¥196.92 Million ≈ $28.82 Million |
+157.54% |
| 1994-12-31 | CN¥76.46 Million ≈ $11.19 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Chongqing 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 107473.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥613.98 Million | 44.59% |
| Common Stock | CN¥483.97 Million | 35.15% |
| Other Comprehensive Income | CN¥279.05 Million | 20.27% |
| Other Components | CN¥1.00 | 0.00% |
| Total Equity | CN¥1.38 Billion | 100.00% |
Chongqing Brewery Co Ltd Competitors by Market Cap
The table below lists competitors of Chongqing Brewery Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Inesa Intelligent Tech Inc A
SHG:600602
|
$2.71 Billion |
|
Colt CZ Group SE
PR:COLT
|
$2.71 Billion |
|
Harley-Davidson Inc
NYSE:HOG
|
$2.71 Billion |
|
Denison Mines Corp
TO:DML
|
$2.71 Billion |
|
Ardagh Metal Packaging SA
NYSE:AMBP
|
$2.70 Billion |
|
Empresas CMPC
SN:CMPC
|
$2.70 Billion |
|
Topgolf Callaway Brands Corp.
NYSE:MODG
|
$2.70 Billion |
|
Société BIC SA
PA:BB
|
$2.70 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chongqing Brewery Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,185,220,264 to 1,377,010,188, a change of 191,789,924 (16.2%).
- Net income of 1,230,897,000 contributed positively to equity growth.
- Dividend payments of 1,064,736,635 reduced retained earnings.
- Other comprehensive income increased equity by 25,629,474.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.23 Billion | +89.39% |
| Dividends Paid | CN¥1.06 Billion | -77.32% |
| Other Comprehensive Income | CN¥25.63 Million | +1.86% |
| Other Changes | CN¥85.00 | +0.0% |
| Total Change | CN¥- | 16.18% |
Book Value vs Market Value Analysis
This analysis compares Chongqing 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: 13.44x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 241.15x to 13.44x 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 | CN¥0.16 | CN¥38.18 | x |
| 1995-12-31 | CN¥0.41 | CN¥38.18 | x |
| 1996-12-31 | CN¥0.47 | CN¥38.18 | x |
| 1997-12-31 | CN¥1.00 | CN¥38.18 | x |
| 1998-12-31 | CN¥1.05 | CN¥38.18 | x |
| 1999-12-31 | CN¥1.24 | CN¥38.18 | x |
| 2000-12-31 | CN¥1.26 | CN¥38.18 | x |
| 2001-12-31 | CN¥1.19 | CN¥38.18 | x |
| 2002-12-31 | CN¥1.23 | CN¥38.18 | x |
| 2003-12-31 | CN¥1.35 | CN¥38.18 | x |
| 2004-12-31 | CN¥1.38 | CN¥38.18 | x |
| 2005-12-31 | CN¥1.44 | CN¥38.18 | x |
| 2006-12-31 | CN¥1.70 | CN¥38.18 | x |
| 2007-12-31 | CN¥1.91 | CN¥38.18 | x |
| 2008-12-31 | CN¥2.22 | CN¥38.18 | x |
| 2009-12-31 | CN¥2.45 | CN¥38.18 | x |
| 2010-12-31 | CN¥2.95 | CN¥38.18 | x |
| 2011-12-31 | CN¥2.96 | CN¥38.18 | x |
| 2012-12-31 | CN¥3.07 | CN¥38.18 | x |
| 2013-12-31 | CN¥3.19 | CN¥38.18 | x |
| 2014-12-31 | CN¥2.61 | CN¥38.18 | x |
| 2015-12-31 | CN¥2.43 | CN¥38.18 | x |
| 2016-12-31 | CN¥2.51 | CN¥38.18 | x |
| 2017-12-31 | CN¥2.40 | CN¥38.18 | x |
| 2018-12-31 | CN¥2.35 | CN¥38.18 | x |
| 2019-12-31 | CN¥2.92 | CN¥38.18 | x |
| 2020-12-31 | CN¥1.21 | CN¥38.18 | x |
| 2021-12-31 | CN¥3.63 | CN¥38.18 | x |
| 2022-12-31 | CN¥4.25 | CN¥38.18 | x |
| 2023-12-31 | CN¥4.42 | CN¥38.18 | x |
| 2024-12-31 | CN¥2.45 | CN¥38.18 | x |
| 2025-12-31 | CN¥2.84 | CN¥38.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chongqing 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): 89.39%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.36%
- • Asset Turnover: 1.38x
- • Equity Multiplier: 7.76x
- Recent ROE (89.39%) is above the historical average (30.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 23.39% | 9.93% | 0.39x | 6.03x | CN¥10.24 Million |
| 1995 | 22.31% | 24.36% | 0.48x | 1.90x | CN¥24.25 Million |
| 1996 | 21.52% | 23.42% | 0.44x | 2.10x | CN¥26.26 Million |
| 1997 | 10.91% | 24.52% | 0.35x | 1.26x | CN¥4.39 Million |
| 1998 | 10.87% | 19.11% | 0.36x | 1.57x | CN¥4.40 Million |
| 1999 | 6.97% | 13.41% | 0.35x | 1.50x | CN¥-18.16 Million |
| 2000 | 6.72% | 12.12% | 0.27x | 2.06x | CN¥-20.01 Million |
| 2001 | 5.95% | 7.35% | 0.40x | 2.04x | CN¥-23.38 Million |
| 2002 | 7.48% | 5.72% | 0.55x | 2.38x | CN¥-15.00 Million |
| 2003 | 8.52% | 5.88% | 0.52x | 2.76x | CN¥-9.63 Million |
| 2004 | 9.90% | 5.27% | 0.66x | 2.85x | CN¥-677.14K |
| 2005 | 11.33% | 5.29% | 0.76x | 2.83x | CN¥9.24 Million |
| 2006 | 18.10% | 8.29% | 0.88x | 2.47x | CN¥67.21 Million |
| 2007 | 17.29% | 8.28% | 0.80x | 2.62x | CN¥67.16 Million |
| 2008 | 15.30% | 7.71% | 0.68x | 2.92x | CN¥56.71 Million |
| 2009 | 15.07% | 8.82% | 0.62x | 2.74x | CN¥61.08 Million |
| 2010 | 25.45% | 15.24% | 0.67x | 2.50x | CN¥219.70 Million |
| 2011 | 10.79% | 5.70% | 0.75x | 2.52x | CN¥11.30 Million |
| 2012 | 10.71% | 5.05% | 0.68x | 3.14x | CN¥10.50 Million |
| 2013 | 10.34% | 4.69% | 0.78x | 2.83x | CN¥5.24 Million |
| 2014 | 5.75% | 2.32% | 0.81x | 3.07x | CN¥-54.23 Million |
| 2015 | -5.75% | -1.98% | 0.89x | 3.26x | CN¥-179.81 Million |
| 2016 | 14.72% | 5.66% | 0.95x | 2.74x | CN¥57.99 Million |
| 2017 | 28.31% | 10.38% | 0.91x | 3.01x | CN¥213.10 Million |
| 2018 | 35.28% | 11.65% | 1.05x | 2.88x | CN¥289.48 Million |
| 2019 | 73.51% | 10.21% | 2.91x | 2.48x | CN¥901.02 Million |
| 2020 | 183.98% | 9.84% | 1.14x | 16.39x | CN¥1.02 Billion |
| 2021 | 66.47% | 8.89% | 1.14x | 6.57x | CN¥990.79 Million |
| 2022 | 61.46% | 9.00% | 1.12x | 6.08x | CN¥1.06 Billion |
| 2023 | 62.45% | 9.02% | 1.20x | 5.79x | CN¥1.12 Billion |
| 2024 | 94.04% | 7.61% | 1.34x | 9.25x | CN¥996.07 Million |
| 2025 | 89.39% | 8.36% | 1.38x | 7.76x | CN¥1.09 Billion |
Industry Comparison
This section compares Chongqing 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: $3,850,987,313
- Average return on equity (ROE) among peers: 7.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chongqing Brewery Co Ltd (600132) | CN¥3.37 Billion | 23.39% | 2.56x | $2.70 Billion |
| Beijing Yanjing Brewery Co Ltd (000729) | $5.25 Billion | 5.15% | 0.40x | $4.55 Billion |
| Tibet Galaxy Science & Technology Development Co Ltd (000752) | $1.24 Billion | 1.33% | 0.15x | $334.63 Million |
| Lanzhou Huanghe Enterprise Co Ltd (000929) | $580.76 Million | 5.63% | 0.98x | $252.26 Million |
| Gansu Huangtai Wine-marketing Industry Co. Ltd. (000995) | $134.80 Million | 5.46% | 2.61x | $304.77 Million |
| Guangzhou Zhujiang Brewery Co Ltd (002461) | $1.70 Billion | 10.11% | 1.04x | $2.73 Billion |
| Hainan Yedao Group Co Ltd (600238) | $378.17 Million | 8.66% | 0.57x | $282.02 Million |
| FuJian YanJing HuiQuan Brewery Co Ltd (600573) | $450.64 Million | 15.43% | 1.65x | $364.37 Million |
| Tsingtao Brewery Co Ltd (600600) | $23.79 Billion | 13.26% | 0.96x | $5.20 Billion |
| Sichuan Swellfun Co Ltd (600779) | $1.13 Billion | 6.88% | 0.52x | $1.91 Billion |
About Chongqing Brewery Co Ltd
Chongqing Brewery Co., Ltd. engages in production and sales of beers products in China. It sells its products under the Carlsberg, Tuborg, 1664, Brooklyn, Summer Fun, Somersby, Wusu, Chongqing, Shancheng, Xixia, Dali, Fenghuaxueyue, and Jing-A brands. The company was founded in 1993 and is based in Guangzhou, China.