Kweichow Moutai Co Ltd (600519) - Net Assets

Latest as of September 2025: CN¥265.71 Billion CNY ≈ $38.88 Billion USD

Based on the latest financial reports, Kweichow Moutai Co Ltd (600519) has net assets worth CN¥265.71 Billion CNY (≈ $38.88 Billion USD) 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 ≈ $44.59 Billion USD) and total liabilities (CN¥39.03 Billion ≈ $5.71 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 600519 asset resilience ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore 600519 total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 600519 stock market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥242.01 Billion ≈ $35.41 Billion	+8.21%
2023-12-31	CN¥223.66 Billion ≈ $32.73 Billion	+9.13%
2022-12-31	CN¥204.94 Billion ≈ $29.99 Billion	+4.05%
2021-12-31	CN¥196.96 Billion ≈ $28.82 Billion	+17.43%
2020-12-31	CN¥167.72 Billion ≈ $24.54 Billion	+18.22%
2019-12-31	CN¥141.88 Billion ≈ $20.76 Billion	+20.84%
2018-12-31	CN¥117.41 Billion ≈ $17.18 Billion	+22.28%
2017-12-31	CN¥96.02 Billion ≈ $14.05 Billion	+26.51%
2016-12-31	CN¥75.90 Billion ≈ $11.11 Billion	+14.59%
2015-12-31	CN¥66.23 Billion ≈ $9.69 Billion	+19.75%
2014-12-31	CN¥55.31 Billion ≈ $8.09 Billion	+25.34%
2013-12-31	CN¥44.13 Billion ≈ $6.46 Billion	+24.47%
2012-12-31	CN¥35.45 Billion ≈ $5.19 Billion	+39.56%
2011-12-31	CN¥25.40 Billion ≈ $3.72 Billion	+36.95%
2010-12-31	CN¥18.55 Billion ≈ $2.71 Billion	+26.60%
2009-12-31	CN¥14.65 Billion ≈ $2.14 Billion	+27.37%
2008-12-31	CN¥11.50 Billion ≈ $1.68 Billion	+37.46%
2007-12-31	CN¥8.37 Billion ≈ $1.22 Billion	+39.60%
2006-12-31	CN¥6.00 Billion ≈ $877.26 Million	+16.13%
2005-12-31	CN¥5.16 Billion ≈ $755.42 Million	+22.43%
2004-12-31	CN¥4.22 Billion ≈ $617.04 Million	+21.50%
2003-12-31	CN¥3.47 Billion ≈ $507.85 Million	+20.70%
2002-12-31	CN¥2.88 Billion ≈ $420.75 Million	+13.31%
2001-12-31	CN¥2.54 Billion ≈ $371.34 Million	+469.84%
2000-12-31	CN¥445.32 Million ≈ $65.16 Million	+56.06%
1999-12-31	CN¥285.36 Million ≈ $41.76 Million	+21.90%
1998-12-31	CN¥234.09 Million ≈ $34.25 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
Roche Holding AG SW:ROP	$254.60 Billion
Toyota Motor Corporation ADR NYSE:TM	$255.57 Billion
UnitedHealth Group Incorporated NYSE:UNH	$256.27 Billion
Philip Morris International Inc NYSE:PM	$259.00 Billion
AstraZeneca PLC F:ZEGA	$252.57 Billion
Toyota Motor Corporation MX:TMN	$251.73 Billion
Wells Fargo & Company NYSE:WFC	$249.91 Billion
Royal Bank of Canada TO:RY	$247.35 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: 7.46x
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 decreased from 7416.66x to 7.46x 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¥1384.79	x
1999-12-31	CN¥0.23	CN¥1384.79	x
2000-12-31	CN¥0.35	CN¥1384.79	x
2001-12-31	CN¥2.02	CN¥1384.79	x
2002-12-31	CN¥2.28	CN¥1384.79	x
2003-12-31	CN¥2.74	CN¥1384.79	x
2004-12-31	CN¥3.33	CN¥1384.79	x
2005-12-31	CN¥4.06	CN¥1384.79	x
2006-12-31	CN¥4.70	CN¥1384.79	x
2007-12-31	CN¥6.56	CN¥1384.79	x
2008-12-31	CN¥8.96	CN¥1384.79	x
2009-12-31	CN¥11.52	CN¥1384.79	x
2010-12-31	CN¥14.66	CN¥1384.79	x
2011-12-31	CN¥19.89	CN¥1384.79	x
2012-12-31	CN¥27.19	CN¥1384.79	x
2013-12-31	CN¥33.92	CN¥1384.79	x
2014-12-31	CN¥42.54	CN¥1384.79	x
2015-12-31	CN¥50.88	CN¥1384.79	x
2016-12-31	CN¥58.03	CN¥1384.79	x
2017-12-31	CN¥72.81	CN¥1384.79	x
2018-12-31	CN¥89.81	CN¥1384.79	x
2019-12-31	CN¥108.27	CN¥1384.79	x
2020-12-31	CN¥128.42	CN¥1384.79	x
2021-12-31	CN¥150.88	CN¥1384.79	x
2022-12-31	CN¥157.20	CN¥1384.79	x
2023-12-31	CN¥171.68	CN¥1384.79	x
2024-12-31	CN¥185.56	CN¥1384.79	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: $7,528,861,736
Average return on equity (ROE) among peers: 22.11%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Kweichow Moutai Co Ltd (600519)	CN¥265.71 Billion	62.75%	0.15x	$253.76 Billion
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 Kweichow Moutai Co Ltd

SHG:600519 China Beverages - Wineries & Distilleries

Market Cap

$253.76 Billion

CN¥1.73 Trillion CNY

Market Cap Rank

#69 Global

#5 in China

Share Price

CN¥1384.79

Change (1 day)

-1.17%

52-Week Range

CN¥1323.69 - CN¥1634.99

All Time High

CN¥2479.62