Tsingtao Brewery Co Ltd (600600) - Net Assets

Latest as of September 2025: CN¥32.20 Billion CNY ≈ $4.71 Billion USD

Based on the latest financial reports, Tsingtao Brewery Co Ltd (600600) has net assets worth CN¥32.20 Billion CNY (≈ $4.71 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¥51.39 Billion ≈ $7.52 Billion USD) and total liabilities (CN¥19.19 Billion ≈ $2.81 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. Explore Tsingtao Brewery Co Ltd (600600) cash conversion ratio to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥32.20 Billion
% of Total Assets 62.65%
Annual Growth Rate 15.82%
5-Year Change 39.74%
10-Year Change 84.71%
Growth Volatility 101.61

Tsingtao Brewery Co Ltd - Net Assets Trend (1990–2024)

This chart illustrates how Tsingtao Brewery Co Ltd's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see 600600 company net worth.

Annual Net Assets for Tsingtao Brewery Co Ltd (1990–2024)

The table below shows the annual net assets of Tsingtao Brewery Co Ltd from 1990 to 2024. Read 600600 liabilities breakdown for a breakdown of total debt and financial obligations.

Year Net Assets Change
2024-12-31 CN¥29.86 Billion
≈ $4.37 Billion		 +5.68%
2023-12-31 CN¥28.25 Billion
≈ $4.13 Billion		 +7.55%
2022-12-31 CN¥26.27 Billion
≈ $3.84 Billion		 +10.42%
2021-12-31 CN¥23.79 Billion
≈ $3.48 Billion		 +11.35%
2020-12-31 CN¥21.37 Billion
≈ $3.13 Billion		 +7.31%
2019-12-31 CN¥19.91 Billion
≈ $2.91 Billion		 +6.55%
2018-12-31 CN¥18.69 Billion
≈ $2.73 Billion		 +5.15%
2017-12-31 CN¥17.77 Billion
≈ $2.60 Billion		 +5.30%
2016-12-31 CN¥16.88 Billion
≈ $2.47 Billion		 +4.41%
2015-12-31 CN¥16.17 Billion
≈ $2.37 Billion		 +5.75%
2014-12-31 CN¥15.29 Billion
≈ $2.24 Billion		 +10.19%
2013-12-31 CN¥13.87 Billion
≈ $2.03 Billion		 +8.53%
2012-12-31 CN¥12.78 Billion
≈ $1.87 Billion		 +13.36%
2011-12-31 CN¥11.28 Billion
≈ $1.65 Billion		 +16.02%
2010-12-31 CN¥9.72 Billion
≈ $1.42 Billion		 +13.51%
2009-12-31 CN¥8.56 Billion
≈ $1.25 Billion		 +33.43%
2008-12-31 CN¥6.42 Billion
≈ $939.10 Million		 +7.17%
2007-12-31 CN¥5.99 Billion
≈ $876.28 Million		 +3.91%
2006-12-31 CN¥5.76 Billion
≈ $843.31 Million		 +3.40%
2005-12-31 CN¥5.57 Billion
≈ $815.54 Million		 +33.26%
2004-12-31 CN¥4.18 Billion
≈ $612.00 Million		 +0.40%
2003-12-31 CN¥4.17 Billion
≈ $609.57 Million		 +15.03%
2002-12-31 CN¥3.62 Billion
≈ $529.95 Million		 -0.57%
2001-12-31 CN¥3.64 Billion
≈ $532.96 Million		 +31.92%
2000-12-31 CN¥2.76 Billion
≈ $404.02 Million		 +9.15%
1999-12-31 CN¥2.53 Billion
≈ $370.13 Million		 +8.96%
1998-12-31 CN¥2.32 Billion
≈ $339.70 Million		 +2.82%
1997-12-31 CN¥2.26 Billion
≈ $330.39 Million		 +4.82%
1996-12-31 CN¥2.15 Billion
≈ $315.21 Million		 +6.39%
1995-12-31 CN¥2.02 Billion
≈ $296.27 Million		 +3.48%
1994-12-31 CN¥1.96 Billion
≈ $286.29 Million		 +4.77%
1993-12-31 CN¥1.87 Billion
≈ $273.26 Million		 +609.15%
1992-12-31 CN¥263.33 Million
≈ $38.53 Million		 +26.54%
1991-12-31 CN¥208.09 Million
≈ $30.45 Million		 +2.65%
1990-12-31 CN¥202.73 Million
≈ $29.67 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Tsingtao 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 2195065557800.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥21.95 Billion 75.53%
Common Stock CN¥1.36 Billion 4.69%
Other Comprehensive Income CN¥1.64 Billion 5.65%
Other Components CN¥4.10 Billion 14.12%
Total Equity CN¥29.06 Billion 100.00%

Tsingtao Brewery Co Ltd Competitors by Market Cap

The table below lists competitors of Tsingtao Brewery Co Ltd ranked by their market capitalization.

Company Market Cap
Wangsu Science Tech
SHE:300017
 $6.41 Billion
Shenghe Resources Holding Co Ltd
SHG:600392
 $6.41 Billion
Capital Securities Corp. Ltd.
SHG:601136
 $6.41 Billion
New China Life Insurance Company Ltd
F:NCL
 $6.41 Billion
LEENO Industrial Inc
KQ:058470
 $6.40 Billion
Prestige Estates Projects Limited
NSE:PRESTIGE
 $6.40 Billion
Chengtun Mining Group Co Ltd
SHG:600711
 $6.39 Billion
VOESTALPINE ADR 1/5/O.N.
F:VASS
 $6.39 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 27,449,478,216 to 29,060,384,527, a change of 1,610,906,311 (5.9%).
  • Net income of 4,344,984,000 contributed positively to equity growth.
  • Dividend payments of 2,742,525,468 reduced retained earnings.
  • Other comprehensive income increased equity by 1,723,056,657.
  • Other factors decreased equity by 1,714,608,878.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥4.34 Billion +14.95%
Dividends Paid CN¥2.74 Billion -9.44%
Other Comprehensive Income CN¥1.72 Billion +5.93%
Other Changes CN¥-1.71 Billion -5.9%
Total Change CN¥- 5.87%

Book Value vs Market Value Analysis

This analysis compares Tsingtao 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: 5.03x
  • 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 398.03x to 5.03x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1990-12-31 CN¥0.15 CN¥61.68 x
1991-12-31 CN¥0.16 CN¥61.68 x
1992-12-31 CN¥0.20 CN¥61.68 x
1993-12-31 CN¥1.43 CN¥61.68 x
1994-12-31 CN¥1.50 CN¥61.68 x
1995-12-31 CN¥1.55 CN¥61.68 x
1996-12-31 CN¥1.60 CN¥61.68 x
1997-12-31 CN¥1.68 CN¥61.68 x
1998-12-31 CN¥1.72 CN¥61.68 x
1999-12-31 CN¥1.72 CN¥61.68 x
2000-12-31 CN¥1.71 CN¥61.68 x
2001-12-31 CN¥2.27 CN¥61.68 x
2002-12-31 CN¥2.28 CN¥61.68 x
2003-12-31 CN¥2.69 CN¥61.68 x
2004-12-31 CN¥2.74 CN¥61.68 x
2005-12-31 CN¥3.78 CN¥61.68 x
2006-12-31 CN¥3.99 CN¥61.68 x
2007-12-31 CN¥4.21 CN¥61.68 x
2008-12-31 CN¥4.65 CN¥61.68 x
2009-12-31 CN¥6.25 CN¥61.68 x
2010-12-31 CN¥7.11 CN¥61.68 x
2011-12-31 CN¥8.22 CN¥61.68 x
2012-12-31 CN¥9.23 CN¥61.68 x
2013-12-31 CN¥10.38 CN¥61.68 x
2014-12-31 CN¥11.39 CN¥61.68 x
2015-12-31 CN¥12.18 CN¥61.68 x
2016-12-31 CN¥12.07 CN¥61.68 x
2017-12-31 CN¥12.69 CN¥61.68 x
2018-12-31 CN¥13.31 CN¥61.68 x
2019-12-31 CN¥14.19 CN¥61.68 x
2020-12-31 CN¥15.24 CN¥61.68 x
2021-12-31 CN¥16.94 CN¥61.68 x
2022-12-31 CN¥10.75 CN¥61.68 x
2023-12-31 CN¥11.57 CN¥61.68 x
2024-12-31 CN¥12.25 CN¥61.68 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tsingtao 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): 14.95%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 13.52%
  • • Asset Turnover: 0.63x
  • • Equity Multiplier: 1.77x
  • Recent ROE (14.95%) is above the historical average (10.43%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1990 12.15% 7.31% 0.40x 4.14x CN¥4.37 Million
1991 3.77% 1.58% 0.47x 5.08x CN¥-12.97 Million
1992 39.73% 12.93% 0.73x 4.23x CN¥78.28 Million
1993 12.08% 21.51% 0.40x 1.40x CN¥38.89 Million
1994 8.47% 15.01% 0.41x 1.38x CN¥-29.89 Million
1995 6.92% 9.52% 0.51x 1.43x CN¥-62.29 Million
1996 3.35% 4.63% 0.47x 1.55x CN¥-139.53 Million
1997 4.65% 6.68% 0.39x 1.77x CN¥-117.81 Million
1998 4.40% 5.75% 0.44x 1.75x CN¥-125.76 Million
1999 3.98% 3.66% 0.47x 2.30x CN¥-135.23 Million
2000 4.26% 2.53% 0.54x 3.13x CN¥-128.34 Million
2001 3.47% 1.95% 0.64x 2.78x CN¥-193.60 Million
2002 7.75% 3.33% 0.78x 3.00x CN¥-67.08 Million
2003 7.22% 3.38% 0.83x 2.56x CN¥-97.52 Million
2004 7.80% 3.24% 0.87x 2.75x CN¥-78.94 Million
2005 6.15% 3.03% 1.04x 1.94x CN¥-190.18 Million
2006 8.33% 3.72% 1.22x 1.84x CN¥-87.48 Million
2007 10.13% 4.07% 1.19x 2.10x CN¥7.22 Million
2008 11.50% 4.37% 1.28x 2.06x CN¥91.33 Million
2009 15.25% 6.95% 1.21x 1.81x CN¥431.23 Million
2010 15.83% 7.64% 1.12x 1.85x CN¥560.17 Million
2011 15.64% 7.50% 1.07x 1.95x CN¥626.88 Million
2012 14.11% 6.82% 1.09x 1.90x CN¥512.07 Million
2013 14.07% 6.98% 1.03x 1.95x CN¥571.32 Million
2014 12.93% 6.85% 1.08x 1.75x CN¥451.34 Million
2015 10.41% 6.20% 0.97x 1.73x CN¥67.32 Million
2016 6.40% 4.00% 0.87x 1.84x CN¥-587.91 Million
2017 7.37% 4.81% 0.85x 1.81x CN¥-451.51 Million
2018 7.91% 5.35% 0.78x 1.90x CN¥-374.85 Million
2019 9.66% 6.62% 0.75x 1.95x CN¥-65.06 Million
2020 10.67% 7.93% 0.67x 2.01x CN¥139.13 Million
2021 13.72% 10.46% 0.65x 2.02x CN¥855.27 Million
2022 14.55% 11.53% 0.64x 1.97x CN¥1.16 Billion
2023 15.55% 12.58% 0.69x 1.79x CN¥1.52 Billion
2024 14.95% 13.52% 0.63x 1.77x CN¥1.44 Billion

Industry Comparison

This section compares Tsingtao 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: $1,374,134,854
  • Average return on equity (ROE) among peers: -4.19%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Tsingtao Brewery Co Ltd (600600) CN¥32.20 Billion 12.15% 0.60x $6.40 Billion
Beijing Yanjing Brewery Co Ltd (000729) $5.25 Billion 5.15% 0.40x $5.20 Billion
Tibet Galaxy Science & Technology Development Co Ltd (000752) $314.63 Million -96.83% 1.87x $391.37 Million
Lanzhou Huanghe Enterprise Co Ltd (000929) $1.10 Billion 7.06% 0.38x $285.15 Million
Gansu Huangtai Wine-marketing Industry Co. Ltd. (000995) $123.47 Million 5.14% 3.34x $353.84 Million
Guangzhou Zhujiang Brewery Co Ltd (002461) $3.19 Billion 2.86% 0.70x $3.15 Billion
Chongqing Brewery Co Ltd (600132) $740.04 Million 8.91% 1.56x $3.84 Billion
Hainan Yedao Group Co Ltd (600238) $425.54 Million 10.38% 0.66x $326.62 Million
FuJian YanJing HuiQuan Brewery Co Ltd (600573) $1.11 Billion 2.08% 0.07x $469.72 Million
Sichuan Swellfun Co Ltd (600779) $110.62 Million 17.53% 1.97x $2.36 Billion

About Tsingtao Brewery Co Ltd

SHG:600600 China Beverages - Brewers
Market Cap
$6.40 Billion
CN¥43.74 Billion CNY
Market Cap Rank
#3044 Global
#412 in China
Share Price
CN¥61.68
Change (1 day)
-0.50%
52-Week Range
CN¥60.08 - CN¥77.26
All Time High
CN¥122.78
Categories
Companies in China Beverages - Brewers
About

Tsingtao Brewery Company Limited, together with its subsidiaries, engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally. It operates in seven segments: Shandong Region; South China Region; North China Region; East China Region; Southeast China Region; Hong Kong, Macau and Other Overseas Regions; and Finance Co… Read more