Hainan Yedao Group Co Ltd (600238) - Net Assets
Based on the latest financial reports, Hainan Yedao Group Co Ltd (600238) has net assets worth CN¥122.33 Million CNY (≈ $17.90 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥865.03 Million ≈ $126.58 Million USD) and total liabilities (CN¥742.70 Million ≈ $108.68 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 Hainan Yedao Group Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥122.33 Million |
| % of Total Assets | 14.14% |
| Annual Growth Rate | -4.09% |
| 5-Year Change | -75.31% |
| 10-Year Change | -84.59% |
| Growth Volatility | 20.62 |
Hainan Yedao Group Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Hainan Yedao Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 600238 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Hainan Yedao Group Co Ltd (2000–2024)
The table below shows the annual net assets of Hainan Yedao Group Co Ltd from 2000 to 2024. For live valuation and market cap data, see Hainan Yedao Group Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥138.78 Million ≈ $20.31 Million |
-49.81% |
| 2023-12-31 | CN¥276.51 Million ≈ $40.46 Million |
-33.00% |
| 2022-12-31 | CN¥412.68 Million ≈ $60.39 Million |
-21.67% |
| 2021-12-31 | CN¥526.85 Million ≈ $77.09 Million |
-6.27% |
| 2020-12-31 | CN¥562.11 Million ≈ $82.25 Million |
+5.31% |
| 2019-12-31 | CN¥533.77 Million ≈ $78.11 Million |
-33.20% |
| 2018-12-31 | CN¥799.09 Million ≈ $116.93 Million |
+5.31% |
| 2017-12-31 | CN¥758.78 Million ≈ $111.03 Million |
-12.25% |
| 2016-12-31 | CN¥864.73 Million ≈ $126.54 Million |
-3.97% |
| 2015-12-31 | CN¥900.48 Million ≈ $131.77 Million |
+1.48% |
| 2014-12-31 | CN¥887.33 Million ≈ $129.84 Million |
-0.27% |
| 2013-12-31 | CN¥889.75 Million ≈ $130.20 Million |
+8.19% |
| 2012-12-31 | CN¥822.41 Million ≈ $120.35 Million |
+25.37% |
| 2011-12-31 | CN¥656.01 Million ≈ $96.00 Million |
-10.63% |
| 2010-12-31 | CN¥734.00 Million ≈ $107.41 Million |
+16.49% |
| 2009-12-31 | CN¥630.09 Million ≈ $92.20 Million |
+49.82% |
| 2008-12-31 | CN¥420.56 Million ≈ $61.54 Million |
-28.44% |
| 2007-12-31 | CN¥587.69 Million ≈ $86.00 Million |
+8.29% |
| 2006-12-31 | CN¥542.71 Million ≈ $79.42 Million |
+3.59% |
| 2005-12-31 | CN¥523.91 Million ≈ $76.66 Million |
-2.07% |
| 2004-12-31 | CN¥534.98 Million ≈ $78.28 Million |
+2.54% |
| 2003-12-31 | CN¥521.71 Million ≈ $76.34 Million |
+9.66% |
| 2002-12-31 | CN¥475.73 Million ≈ $69.61 Million |
+11.80% |
| 2001-12-31 | CN¥425.54 Million ≈ $62.27 Million |
+12.53% |
| 2000-12-31 | CN¥378.17 Million ≈ $55.34 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hainan Yedao Group 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 decreased by 1687.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥686.83 Million | 633.86% |
| Total Equity | CN¥108.36 Million | 100.00% |
Hainan Yedao Group Co Ltd Competitors by Market Cap
The table below lists competitors of Hainan Yedao Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Baoding Dongli Machinery Co.Ltd.
SHE:301298
|
$356.16 Million |
|
Plaza Retail REIT
TO:PLZ-UN
|
$356.30 Million |
|
Swarmer, Inc Common Stock
NASDAQ:SWMR
|
$356.38 Million |
|
Shanghai Kaytune Industrial Co.Ltd
SHE:301001
|
$356.46 Million |
|
Shandong Swan Cotton
SHG:603029
|
$356.01 Million |
|
Vitzro Tech Co. Ltd
KQ:042370
|
$356.00 Million |
|
Vizionfocus Inc.
TW:4771
|
$355.88 Million |
|
Profit Cultural & Creative Group Co Ltd
SHE:300640
|
$355.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hainan Yedao Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 244,627,182 to 108,355,841, a change of -136,271,341 (-55.7%).
- Net loss of 136,140,805 reduced equity.
- Dividend payments of 13,754,826 reduced retained earnings.
- Other factors increased equity by 13,624,289.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-136.14 Million | -125.64% |
| Dividends Paid | CN¥13.75 Million | -12.69% |
| Other Changes | CN¥13.62 Million | +12.57% |
| Total Change | CN¥- | -55.71% |
Book Value vs Market Value Analysis
This analysis compares Hainan Yedao Group 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: 22.46x
- 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 increased from 3.21x to 22.46x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥1.69 | CN¥5.43 | x |
| 2018-12-31 | CN¥1.78 | CN¥5.43 | x |
| 2019-12-31 | CN¥1.18 | CN¥5.43 | x |
| 2020-12-31 | CN¥1.24 | CN¥5.43 | x |
| 2021-12-31 | CN¥1.10 | CN¥5.43 | x |
| 2022-12-31 | CN¥0.84 | CN¥5.43 | x |
| 2023-12-31 | CN¥0.55 | CN¥5.43 | x |
| 2024-12-31 | CN¥0.24 | CN¥5.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hainan Yedao Group 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): -125.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -77.70%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 8.18x
- Recent ROE (-125.64%) is below the historical average (-6.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 8.76% | 15.65% | 0.35x | 1.59x | CN¥-4.65 Million |
| 2001 | 10.70% | 10.56% | 0.59x | 1.71x | CN¥2.88 Million |
| 2002 | 9.92% | 7.87% | 0.57x | 2.22x | CN¥-378.60K |
| 2003 | 5.81% | 2.64% | 0.88x | 2.49x | CN¥-19.30 Million |
| 2004 | 5.67% | 2.13% | 1.05x | 2.55x | CN¥-20.97 Million |
| 2005 | 5.71% | 2.12% | 1.31x | 2.05x | CN¥-21.37 Million |
| 2006 | 6.05% | 2.38% | 1.39x | 1.83x | CN¥-21.03 Million |
| 2007 | 9.79% | 5.01% | 1.06x | 1.84x | CN¥-1.18 Million |
| 2009 | 18.12% | 7.79% | 1.10x | 2.12x | CN¥51.16 Million |
| 2010 | 26.67% | 12.24% | 1.24x | 1.76x | CN¥122.76 Million |
| 2012 | 19.28% | 12.58% | 0.75x | 2.03x | CN¥76.18 Million |
| 2013 | 15.23% | 14.88% | 0.64x | 1.60x | CN¥46.51 Million |
| 2014 | 4.72% | 8.56% | 0.35x | 1.60x | CN¥-46.76 Million |
| 2015 | 1.46% | 2.99% | 0.33x | 1.48x | CN¥-76.83 Million |
| 2016 | -4.08% | -4.17% | 0.49x | 2.02x | CN¥-121.65 Million |
| 2017 | -14.00% | -9.29% | 0.59x | 2.54x | CN¥-181.96 Million |
| 2018 | 5.07% | 5.74% | 0.48x | 1.83x | CN¥-39.33 Million |
| 2019 | -50.44% | -42.80% | 0.53x | 2.23x | CN¥-320.73 Million |
| 2020 | 4.38% | 3.01% | 0.68x | 2.12x | CN¥-31.22 Million |
| 2021 | -12.14% | -7.22% | 0.65x | 2.58x | CN¥-109.66 Million |
| 2022 | -31.56% | -28.43% | 0.35x | 3.15x | CN¥-155.91 Million |
| 2023 | -60.97% | -66.43% | 0.22x | 4.27x | CN¥-173.62 Million |
| 2024 | -125.64% | -77.70% | 0.20x | 8.18x | CN¥-146.98 Million |
Industry Comparison
This section compares Hainan Yedao Group Co Ltd's net assets metrics with peer companies in the Beverages - Brewers industry.
Industry Context
- Industry: Beverages - Brewers
- Average net assets among peers: $1,252,667,316
- Average return on equity (ROE) among peers: 18.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hainan Yedao Group Co Ltd (600238) | CN¥122.33 Million | 8.76% | 6.07x | $356.13 Million |
| Beijing Yanjing Brewery Co Ltd (000729) | $139.88 Million | 85.29% | 4.25x | $5.53 Billion |
| Tibet Galaxy Science & Technology Development Co Ltd (000752) | $848.78 Million | 3.35% | 0.37x | $371.68 Million |
| Lanzhou Huanghe Enterprise Co Ltd (000929) | $343.58 Million | -4.55% | 1.38x | $275.91 Million |
| Gansu Huangtai Wine-marketing Industry Co. Ltd. (000995) | $153.18 Million | 18.08% | 2.20x | $354.62 Million |
| Guangzhou Zhujiang Brewery Co Ltd (002461) | $2.75 Billion | 2.18% | 0.76x | $3.38 Billion |
| Chongqing Brewery Co Ltd (600132) | $544.00 Million | 10.13% | 0.46x | $3.82 Billion |
| FuJian YanJing HuiQuan Brewery Co Ltd (600573) | $1.17 Billion | 2.46% | 0.07x | $513.99 Million |
| Tsingtao Brewery Co Ltd (600600) | $1.87 Billion | 12.08% | 0.40x | $6.53 Billion |
| Sichuan Swellfun Co Ltd (600779) | $3.46 Billion | 35.16% | 1.04x | $2.32 Billion |
About Hainan Yedao Group Co Ltd
Hainan Yedao (Group) Co.,Ltd provides health wine, liquor, and food and beverage in China. Its health wine products include deer turtles wine, sea king wine, guitai, sauce, and other products. The company also offers coconut juice ecological drink and soft drinks. In addition, it is also involved in the development of real estate properties; and trading and investment activities. The company was … Read more