Kweichow Moutai Co Ltd

SHG:600519 China Beverages - Wineries & Distilleries
Market Cap
$241.27 Billion
CN¥1.77 Trillion CNY
Market Cap Rank
#189 Global
#2 in China
Share Price
CN¥1413.64
Change (1 day)
+1.55%
52-Week Range
CN¥1323.69 - CN¥1635.71
All Time High
CN¥2479.62
Categories
Companies in China Beverages - Wineries & Distilleries
About

Kweichow Moutai Co., Ltd., together with its subsidiaries, produces and sells liquor products in China and internationally. The company offers liquors under the Kweichow Moutai, Moutai Wangzi liquor, Moutai 1935 liquor, Han Jiang liquor, and Lai Mao liquor brands. It also engages in the production and sale of beverage, food, and packaging materials; development of anti-counterfeiting technology; … Read more

Kweichow Moutai Co Ltd (600519) - Net Assets

Latest net assets as of September 2025: CN¥265.71 Billion CNY

Based on the latest financial reports, Kweichow Moutai Co Ltd (600519) has net assets worth CN¥265.71 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¥304.74 Billion) and total liabilities (CN¥39.03 Billion). 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¥265.71 Billion
% of Total Assets 87.19%
Annual Growth Rate 30.6%
5-Year Change 44.29%
10-Year Change 265.39%
Growth Volatility 86.52

Kweichow Moutai Co Ltd - Net Assets Trend (1998–2024)

This chart illustrates how Kweichow Moutai 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 Kweichow Moutai Co Ltd (1998–2024)

The table below shows the annual net assets of Kweichow Moutai Co Ltd from 1998 to 2024.

Year Net Assets Change
2024-12-31 CN¥242.01 Billion +8.21%
2023-12-31 CN¥223.66 Billion +9.13%
2022-12-31 CN¥204.94 Billion +4.05%
2021-12-31 CN¥196.96 Billion +17.43%
2020-12-31 CN¥167.72 Billion +18.22%
2019-12-31 CN¥141.88 Billion +20.84%
2018-12-31 CN¥117.41 Billion +22.28%
2017-12-31 CN¥96.02 Billion +26.51%
2016-12-31 CN¥75.90 Billion +14.59%
2015-12-31 CN¥66.23 Billion +19.75%
2014-12-31 CN¥55.31 Billion +25.34%
2013-12-31 CN¥44.13 Billion +24.47%
2012-12-31 CN¥35.45 Billion +39.56%
2011-12-31 CN¥25.40 Billion +36.95%
2010-12-31 CN¥18.55 Billion +26.60%
2009-12-31 CN¥14.65 Billion +27.37%
2008-12-31 CN¥11.50 Billion +37.46%
2007-12-31 CN¥8.37 Billion +39.60%
2006-12-31 CN¥6.00 Billion +16.13%
2005-12-31 CN¥5.16 Billion +22.43%
2004-12-31 CN¥4.22 Billion +21.50%
2003-12-31 CN¥3.47 Billion +20.70%
2002-12-31 CN¥2.88 Billion +13.31%
2001-12-31 CN¥2.54 Billion +469.84%
2000-12-31 CN¥445.32 Million +56.06%
1999-12-31 CN¥285.36 Million +21.90%
1998-12-31 CN¥234.09 Million --

Equity Component Analysis

This analysis shows how different components contribute to Kweichow Moutai 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 18278741500000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥182.79 Billion 78.41%
Common Stock CN¥1.26 Billion 0.54%
Other Components CN¥49.06 Billion 21.05%
Total Equity CN¥233.11 Billion 100.00%

Kweichow Moutai Co Ltd Competitors by Market Cap

The table below lists competitors of Kweichow Moutai Co Ltd ranked by their market capitalization.

Company Market Cap
Sanofi
PINK:SNYNF
 		$104.98 Billion
Agnico Eagle Mines Limited
NYSE:AEM
 		$105.00 Billion
Newmont Corporation
AU:NEM
 		$105.12 Billion
Boston Scientific Corp
NYSE:BSX
 		$105.26 Billion
Constellation Energy Corp
NASDAQ:CEG
 		$104.28 Billion
Adobe Inc.
LSE:0R2Y
 		$104.26 Billion
Adobe Systems Incorporated
NASDAQ:ADBE
 		$104.01 Billion
Mitsui & Company Ltd
PINK:MITSY
 		$101.34 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Kweichow Moutai Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 215,668,571,607 to 233,105,984,000, a change of 17,437,412,393 (8.1%).
  • Net income of 86,228,146,000 contributed positively to equity growth.
  • Dividend payments of 68,786,879,000 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥86.23 Billion +36.99%
Dividends Paid CN¥68.79 Billion -29.51%
Other Changes CN¥-3.85 Million -0.0%
Total Change CN¥- 8.09%

Book Value vs Market Value Analysis

This analysis compares Kweichow Moutai 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: 7.62x
  • 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 7571.17x to 7.62x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1998-12-31 CN¥0.19 CN¥1413.64 x
1999-12-31 CN¥0.23 CN¥1413.64 x
2000-12-31 CN¥0.35 CN¥1413.64 x
2001-12-31 CN¥2.02 CN¥1413.64 x
2002-12-31 CN¥2.28 CN¥1413.64 x
2003-12-31 CN¥2.74 CN¥1413.64 x
2004-12-31 CN¥3.33 CN¥1413.64 x
2005-12-31 CN¥4.06 CN¥1413.64 x
2006-12-31 CN¥4.70 CN¥1413.64 x
2007-12-31 CN¥6.56 CN¥1413.64 x
2008-12-31 CN¥8.96 CN¥1413.64 x
2009-12-31 CN¥11.52 CN¥1413.64 x
2010-12-31 CN¥14.66 CN¥1413.64 x
2011-12-31 CN¥19.89 CN¥1413.64 x
2012-12-31 CN¥27.19 CN¥1413.64 x
2013-12-31 CN¥33.92 CN¥1413.64 x
2014-12-31 CN¥42.54 CN¥1413.64 x
2015-12-31 CN¥50.88 CN¥1413.64 x
2016-12-31 CN¥58.03 CN¥1413.64 x
2017-12-31 CN¥72.81 CN¥1413.64 x
2018-12-31 CN¥89.81 CN¥1413.64 x
2019-12-31 CN¥108.27 CN¥1413.64 x
2020-12-31 CN¥128.42 CN¥1413.64 x
2021-12-31 CN¥150.88 CN¥1413.64 x
2022-12-31 CN¥157.20 CN¥1413.64 x
2023-12-31 CN¥171.68 CN¥1413.64 x
2024-12-31 CN¥185.56 CN¥1413.64 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Kweichow Moutai 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): 36.99%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 49.52%
  • • Asset Turnover: 0.58x
  • • Equity Multiplier: 1.28x
  • Recent ROE (36.99%) is above the historical average (32.12%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1998 62.75% 23.35% 0.85x 3.17x CN¥123.48 Million
1999 75.58% 24.21% 0.97x 3.21x CN¥187.15 Million
2000 56.56% 22.54% 0.88x 2.86x CN¥206.71 Million
2001 12.97% 20.29% 0.47x 1.37x CN¥75.20 Million
2002 13.21% 20.54% 0.47x 1.38x CN¥91.51 Million
2003 17.06% 24.44% 0.48x 1.44x CN¥242.83 Million
2004 19.68% 29.72% 0.43x 1.53x CN¥403.64 Million
2005 21.97% 31.84% 0.44x 1.58x CN¥609.35 Million
2006 25.51% 33.75% 0.47x 1.59x CN¥914.42 Million
2007 34.38% 41.62% 0.65x 1.27x CN¥2.01 Billion
2008 33.79% 49.02% 0.49x 1.40x CN¥2.68 Billion
2009 29.81% 48.03% 0.45x 1.37x CN¥2.87 Billion
2010 27.45% 48.60% 0.41x 1.39x CN¥3.21 Billion
2011 35.06% 55.03% 0.46x 1.40x CN¥6.26 Billion
2012 38.97% 55.72% 0.53x 1.32x CN¥9.89 Billion
2013 35.51% 53.52% 0.51x 1.30x CN¥10.87 Billion
2014 28.73% 52.16% 0.45x 1.23x CN¥10.01 Billion
2015 24.25% 51.68% 0.35x 1.35x CN¥9.11 Billion
2016 22.94% 49.69% 0.30x 1.55x CN¥9.43 Billion
2017 29.61% 51.42% 0.39x 1.47x CN¥17.93 Billion
2018 31.20% 53.41% 0.41x 1.42x CN¥23.92 Billion
2019 30.30% 54.13% 0.42x 1.35x CN¥27.61 Billion
2020 28.95% 55.52% 0.39x 1.33x CN¥30.57 Billion
2021 27.68% 55.71% 0.37x 1.35x CN¥33.51 Billion
2022 31.76% 57.51% 0.43x 1.29x CN¥42.97 Billion
2023 34.65% 58.24% 0.47x 1.26x CN¥53.17 Billion
2024 36.99% 49.52% 0.58x 1.28x CN¥62.92 Billion

Industry Comparison

This section compares Kweichow Moutai 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: $7,937,637,780
  • Average return on equity (ROE) among peers: 16.53%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Kweichow Moutai Co Ltd (600519) CN¥265.71 Billion 62.75% 0.15x $104.84 Billion
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
Qinghai Huzhu Barley Wine Co Ltd (002646) $2.80 Billion 3.20% 0.19x $324.05 Million
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