Hebei Hengshui Laobaigan Liquor Co Ltd (600559) - Net Assets
Based on the latest financial reports, Hebei Hengshui Laobaigan Liquor Co Ltd (600559) has net assets worth CN¥5.48 Billion CNY (≈ $801.32 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥8.86 Billion ≈ $1.30 Billion USD) and total liabilities (CN¥3.39 Billion ≈ $495.87 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 Hebei Hengshui Laobaigan Liquor Co Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.48 Billion |
| % of Total Assets | 61.77% |
| Annual Growth Rate | 14.96% |
| 5-Year Change | 42.5% |
| 10-Year Change | 230.22% |
| Growth Volatility | 33.55 |
Hebei Hengshui Laobaigan Liquor Co Ltd - Net Assets Trend (1999–2025)
This chart illustrates how Hebei Hengshui Laobaigan Liquor Co Ltd's net assets have evolved over time, based on quarterly financial data. See 600559 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hebei Hengshui Laobaigan Liquor Co Ltd (1999–2025)
The table below shows the annual net assets of Hebei Hengshui Laobaigan Liquor Co Ltd from 1999 to 2025. For live valuation and market cap data, see 600559 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥5.31 Billion ≈ $776.64 Million |
+0.03% |
| 2024-12-31 | CN¥5.31 Billion ≈ $776.39 Million |
+10.30% |
| 2023-12-31 | CN¥4.81 Billion ≈ $703.90 Million |
+10.67% |
| 2022-12-31 | CN¥4.35 Billion ≈ $636.03 Million |
+16.70% |
| 2021-12-31 | CN¥3.72 Billion ≈ $545.01 Million |
+7.30% |
| 2020-12-31 | CN¥3.47 Billion ≈ $507.94 Million |
+5.38% |
| 2019-12-31 | CN¥3.29 Billion ≈ $482.02 Million |
+19.53% |
| 2018-12-31 | CN¥2.76 Billion ≈ $403.28 Million |
+61.09% |
| 2017-12-31 | CN¥1.71 Billion ≈ $250.34 Million |
+6.44% |
| 2016-12-31 | CN¥1.61 Billion ≈ $235.19 Million |
+4.18% |
| 2015-12-31 | CN¥1.54 Billion ≈ $225.76 Million |
+131.16% |
| 2014-12-31 | CN¥667.41 Million ≈ $97.66 Million |
+6.88% |
| 2013-12-31 | CN¥624.44 Million ≈ $91.38 Million |
+0.16% |
| 2012-12-31 | CN¥623.45 Million ≈ $91.23 Million |
+22.98% |
| 2011-12-31 | CN¥506.93 Million ≈ $74.18 Million |
+18.34% |
| 2010-12-31 | CN¥428.38 Million ≈ $62.69 Million |
+6.90% |
| 2009-12-31 | CN¥400.74 Million ≈ $58.64 Million |
+9.79% |
| 2008-12-31 | CN¥365.02 Million ≈ $53.41 Million |
+4.93% |
| 2007-12-31 | CN¥347.87 Million ≈ $50.90 Million |
+2.51% |
| 2006-12-31 | CN¥339.36 Million ≈ $49.66 Million |
-0.37% |
| 2005-12-31 | CN¥340.64 Million ≈ $49.85 Million |
-1.71% |
| 2004-12-31 | CN¥346.55 Million ≈ $50.71 Million |
+0.45% |
| 2003-12-31 | CN¥345.00 Million ≈ $50.49 Million |
+5.03% |
| 2002-12-31 | CN¥328.48 Million ≈ $48.07 Million |
+121.91% |
| 2001-12-31 | CN¥148.02 Million ≈ $21.66 Million |
+2.26% |
| 2000-12-31 | CN¥144.75 Million ≈ $21.18 Million |
+2.30% |
| 1999-12-31 | CN¥141.49 Million ≈ $20.70 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hebei Hengshui Laobaigan Liquor 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 243215643135.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.43 Billion | 45.83% |
| Other Components | CN¥2.88 Billion | 54.17% |
| Total Equity | CN¥5.31 Billion | 100.00% |
Hebei Hengshui Laobaigan Liquor Co Ltd Competitors by Market Cap
The table below lists competitors of Hebei Hengshui Laobaigan Liquor Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen JT Automation Equipment Co Ltd
SHE:300400
|
$1.58 Billion |
|
DoubleVerify Holdings Inc
NYSE:DV
|
$1.59 Billion |
|
Diversified Healthcare Trust
NASDAQ:DHC
|
$1.59 Billion |
|
Ningbo Tip Rubber Technology Co Ltd
SHG:605255
|
$1.59 Billion |
|
Ourpalm
SHE:300315
|
$1.58 Billion |
|
Nanfang Pump Industry
SHE:300145
|
$1.58 Billion |
|
China National Electric Apparatus R
SHG:688128
|
$1.58 Billion |
|
Grand City Properties SA
XETRA:GYC
|
$1.58 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hebei Hengshui Laobaigan Liquor Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,305,698,626 to 5,307,434,732, a change of 1,736,106 (0.0%).
- Net income of 429,781,333 contributed positively to equity growth.
- Dividend payments of 502,775,758 reduced retained earnings.
- Other factors increased equity by 74,730,531.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥429.78 Million | +8.1% |
| Dividends Paid | CN¥502.78 Million | -9.47% |
| Other Changes | CN¥74.73 Million | +1.41% |
| Total Change | CN¥- | 0.03% |
Book Value vs Market Value Analysis
This analysis compares Hebei Hengshui Laobaigan Liquor 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: 2.04x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 60.10x to 2.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | CN¥0.20 | CN¥11.84 | x |
| 2000-12-31 | CN¥0.20 | CN¥11.84 | x |
| 2001-12-31 | CN¥0.21 | CN¥11.84 | x |
| 2002-12-31 | CN¥0.46 | CN¥11.84 | x |
| 2003-12-31 | CN¥0.48 | CN¥11.84 | x |
| 2004-12-31 | CN¥0.48 | CN¥11.84 | x |
| 2005-12-31 | CN¥0.47 | CN¥11.84 | x |
| 2006-12-31 | CN¥0.46 | CN¥11.84 | x |
| 2007-12-31 | CN¥0.53 | CN¥11.84 | x |
| 2008-12-31 | CN¥0.57 | CN¥11.84 | x |
| 2009-12-31 | CN¥0.64 | CN¥11.84 | x |
| 2010-12-31 | CN¥0.68 | CN¥11.84 | x |
| 2011-12-31 | CN¥0.80 | CN¥11.84 | x |
| 2012-12-31 | CN¥0.98 | CN¥11.84 | x |
| 2013-12-31 | CN¥0.98 | CN¥11.84 | x |
| 2014-12-31 | CN¥1.04 | CN¥11.84 | x |
| 2015-12-31 | CN¥2.37 | CN¥11.84 | x |
| 2016-12-31 | CN¥1.99 | CN¥11.84 | x |
| 2017-12-31 | CN¥2.17 | CN¥11.84 | x |
| 2018-12-31 | CN¥3.22 | CN¥11.84 | x |
| 2019-12-31 | CN¥3.67 | CN¥11.84 | x |
| 2020-12-31 | CN¥3.86 | CN¥11.84 | x |
| 2021-12-31 | CN¥4.15 | CN¥11.84 | x |
| 2022-12-31 | CN¥4.84 | CN¥11.84 | x |
| 2023-12-31 | CN¥5.27 | CN¥11.84 | x |
| 2024-12-31 | CN¥5.80 | CN¥11.84 | x |
| 2025-12-31 | CN¥5.80 | CN¥11.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hebei Hengshui Laobaigan Liquor 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): 8.10%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.43%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.62x
- Recent ROE (8.10%) is below the historical average (9.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 5.46% | 3.02% | 0.75x | 2.41x | CN¥-6.42 Million |
| 2000 | 14.99% | 9.82% | 0.54x | 2.85x | CN¥7.22 Million |
| 2001 | 14.74% | 9.59% | 0.59x | 2.60x | CN¥7.02 Million |
| 2002 | 6.62% | 8.28% | 0.44x | 1.81x | CN¥-11.10 Million |
| 2003 | 4.38% | 5.79% | 0.46x | 1.65x | CN¥-19.37 Million |
| 2004 | 4.49% | 5.19% | 0.47x | 1.86x | CN¥-19.11 Million |
| 2005 | 3.29% | 2.97% | 0.56x | 1.98x | CN¥-22.57 Million |
| 2006 | 0.96% | 0.66% | 0.59x | 2.44x | CN¥-29.86 Million |
| 2007 | 5.00% | 3.77% | 0.46x | 2.89x | CN¥-17.39 Million |
| 2008 | 8.53% | 5.18% | 0.54x | 3.05x | CN¥-5.35 Million |
| 2009 | 8.91% | 4.30% | 0.70x | 2.94x | CN¥-4.35 Million |
| 2010 | 9.72% | 3.57% | 0.90x | 3.01x | CN¥-1.19 Million |
| 2011 | 18.17% | 6.52% | 0.98x | 2.86x | CN¥41.44 Million |
| 2012 | 18.00% | 6.74% | 0.99x | 2.71x | CN¥49.90 Million |
| 2013 | 10.50% | 3.64% | 0.97x | 2.97x | CN¥3.12 Million |
| 2014 | 8.86% | 2.80% | 0.94x | 3.36x | CN¥-7.60 Million |
| 2015 | 4.86% | 3.21% | 0.83x | 1.82x | CN¥-79.24 Million |
| 2016 | 6.90% | 4.55% | 0.76x | 1.99x | CN¥-49.88 Million |
| 2017 | 9.56% | 6.45% | 0.88x | 1.69x | CN¥-7.55 Million |
| 2018 | 12.74% | 9.78% | 0.65x | 1.99x | CN¥75.37 Million |
| 2019 | 12.29% | 10.03% | 0.64x | 1.91x | CN¥75.45 Million |
| 2020 | 9.02% | 8.69% | 0.56x | 1.87x | CN¥-33.91 Million |
| 2021 | 10.45% | 9.66% | 0.53x | 2.04x | CN¥16.75 Million |
| 2022 | 16.28% | 15.21% | 0.52x | 2.05x | CN¥272.95 Million |
| 2023 | 13.84% | 12.67% | 0.55x | 1.98x | CN¥184.91 Million |
| 2024 | 14.83% | 14.69% | 0.56x | 1.81x | CN¥256.53 Million |
| 2025 | 8.10% | 10.43% | 0.48x | 1.62x | CN¥-100.96 Million |
Industry Comparison
This section compares Hebei Hengshui Laobaigan Liquor 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: $5,882,607,435
- Average return on equity (ROE) among peers: 12.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hebei Hengshui Laobaigan Liquor Co Ltd (600559) | CN¥5.48 Billion | 5.46% | 0.62x | $1.58 Billion |
| Luzhou Lao Jiao Co Ltd (000568) | $235.40 Million | 25.02% | 1.14x | $17.43 Billion |
| Anhui Gujing Distillery Co Ltd (000596) | $808.62 Million | 17.32% | 0.66x | $4.89 Billion |
| Jiugui Liquor Co Ltd (000799) | $3.74 Billion | -0.91% | 0.32x | $1.87 Billion |
| Wuliangye Yibin Co Ltd (000858) | $4.70 Billion | 17.26% | 0.42x | $43.08 Billion |
| Beijing Shunxin Agriculture Co Ltd (000860) | $6.80 Billion | -2.24% | 1.02x | $1.09 Billion |
| Yantai Changyu Pioneer Wine Co Ltd (000869) | $10.50 Billion | 4.48% | 0.25x | $1.12 Billion |
| Jiangsu Yanghe Brewery Joint-Stock Co Ltd (002304) | $29.49 Billion | 22.47% | 0.47x | $9.04 Billion |
| Shanghai Bairun Flavor & Fragrance Co Ltd (002568) | $1.60 Billion | -9.19% | 0.53x | $2.54 Billion |
| Qinghai Huzhu Barley Wine Co Ltd (002646) | $136.87 Million | 35.93% | 0.78x | $462.02 Million |
| Anhui Gujing Distillery Co Ltd (200596) | $808.00 Million | 17.34% | 0.66x | $825.51 Million |
About Hebei Hengshui Laobaigan Liquor Co Ltd
Hebei Hengshui Laobaigan Liquor Co., Ltd. engages in the production and sale of liquor and wine products in China and internationally. The company offers its products under the Hengshui Laobaigan, Chengde Qianlong Drunk, Bancheng Shaoguo wine series, Wuling liquor series, Wenwang Gongjiu series, and Confucius Family wine series. It is also involved in the breeding and sale of pigs, as well as the… Read more