Sichuan Tuopai Shede Wine Co Ltd
Shede Spirits Co., Ltd., together with its subsidiaries, designs, produces, and sells of liquor products in China. It offers its products under the Shede, Toupai, and Tunzhihu brands. Shede Spirits Co., Ltd. was founded in 1940 and is headquartered in Shehong, China.
Sichuan Tuopai Shede Wine Co Ltd (600702) - Net Assets
Latest net assets as of September 2025: CN¥7.41 Billion CNY
Based on the latest financial reports, Sichuan Tuopai Shede Wine Co Ltd (600702) has net assets worth CN¥7.41 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¥12.56 Billion) and total liabilities (CN¥5.15 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¥7.41 Billion |
| % of Total Assets | 59.01% |
| Annual Growth Rate | 12.25% |
| 5-Year Change | 88.59% |
| 10-Year Change | 217.53% |
| Growth Volatility | 23.02 |
Sichuan Tuopai Shede Wine Co Ltd - Net Assets Trend (1995–2024)
This chart illustrates how Sichuan Tuopai Shede Wine 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 Sichuan Tuopai Shede Wine Co Ltd (1995–2024)
The table below shows the annual net assets of Sichuan Tuopai Shede Wine Co Ltd from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥7.13 Billion | -5.69% |
| 2023-12-31 | CN¥7.56 Billion | +15.66% |
| 2022-12-31 | CN¥6.54 Billion | +30.84% |
| 2021-12-31 | CN¥5.00 Billion | +32.14% |
| 2020-12-31 | CN¥3.78 Billion | +16.69% |
| 2019-12-31 | CN¥3.24 Billion | +19.36% |
| 2018-12-31 | CN¥2.71 Billion | +2.26% |
| 2017-12-31 | CN¥2.65 Billion | +14.17% |
| 2016-12-31 | CN¥2.33 Billion | +3.54% |
| 2015-12-31 | CN¥2.25 Billion | +0.02% |
| 2014-12-31 | CN¥2.25 Billion | +0.30% |
| 2013-12-31 | CN¥2.24 Billion | -4.26% |
| 2012-12-31 | CN¥2.34 Billion | +15.23% |
| 2011-12-31 | CN¥2.03 Billion | +9.44% |
| 2010-12-31 | CN¥1.85 Billion | +2.86% |
| 2009-12-31 | CN¥1.80 Billion | +1.80% |
| 2008-12-31 | CN¥1.77 Billion | +2.40% |
| 2007-12-31 | CN¥1.73 Billion | +3.59% |
| 2006-12-31 | CN¥1.67 Billion | +0.87% |
| 2005-12-31 | CN¥1.66 Billion | +0.99% |
| 2004-12-31 | CN¥1.64 Billion | +1.03% |
| 2003-12-31 | CN¥1.62 Billion | +0.79% |
| 2002-12-31 | CN¥1.61 Billion | +0.68% |
| 2001-12-31 | CN¥1.60 Billion | -3.49% |
| 2000-12-31 | CN¥1.66 Billion | +41.94% |
| 1999-12-31 | CN¥1.17 Billion | -0.48% |
| 1998-12-31 | CN¥1.17 Billion | +78.49% |
| 1997-12-31 | CN¥656.95 Million | +37.78% |
| 1996-12-31 | CN¥476.80 Million | +91.06% |
| 1995-12-31 | CN¥249.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sichuan Tuopai Shede Wine 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 12165.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.86 Billion | 86.09% |
| Common Stock | CN¥333.17 Million | 4.89% |
| Other Components | CN¥614.05 Million | 9.02% |
| Total Equity | CN¥6.81 Billion | 100.00% |
Sichuan Tuopai Shede Wine Co Ltd Competitors by Market Cap
The table below lists competitors of Sichuan Tuopai Shede Wine Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Titan Wind Energy Suzhou
SHE:002531
|
$1.46 Billion |
|
Visual China Group Co Ltd
SHE:000681
|
$1.46 Billion |
|
7RN
F:7RN
|
$1.46 Billion |
|
United Internet AG
PINK:UDIRF
|
$1.47 Billion |
|
NEXTNAV INC. DL-0001
F:KK0
|
$1.46 Billion |
|
Shanxi Securities Co Ltd
SHE:002500
|
$1.46 Billion |
|
Mind Medicine Inc
NASDAQ:MNMD
|
$1.46 Billion |
|
FRANKS INTL N.V. EO -01
F:FK2
|
$1.46 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sichuan Tuopai Shede Wine Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,236,418,400 to 6,808,281,681, a change of -428,136,719 (-5.9%).
- Net income of 345,774,525 contributed positively to equity growth.
- Dividend payments of 721,321,099 reduced retained earnings.
- Share repurchases of 218,084,384 reduced equity.
- Other factors increased equity by 165,494,239.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥345.77 Million | +5.08% |
| Dividends Paid | CN¥721.32 Million | -10.59% |
| Share Repurchases | CN¥218.08 Million | -3.2% |
| Other Changes | CN¥165.49 Million | +2.43% |
| Total Change | CN¥- | -5.92% |
Book Value vs Market Value Analysis
This analysis compares Sichuan Tuopai Shede Wine 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: 2.43x
- 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 66.10x to 2.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | CN¥0.76 | CN¥50.25 | x |
| 1996-12-31 | CN¥1.44 | CN¥50.25 | x |
| 1997-12-31 | CN¥2.00 | CN¥50.25 | x |
| 1998-12-31 | CN¥3.58 | CN¥50.25 | x |
| 1999-12-31 | CN¥3.56 | CN¥50.25 | x |
| 2000-12-31 | CN¥5.05 | CN¥50.25 | x |
| 2001-12-31 | CN¥4.86 | CN¥50.25 | x |
| 2002-12-31 | CN¥4.89 | CN¥50.25 | x |
| 2003-12-31 | CN¥4.93 | CN¥50.25 | x |
| 2004-12-31 | CN¥4.98 | CN¥50.25 | x |
| 2005-12-31 | CN¥5.03 | CN¥50.25 | x |
| 2006-12-31 | CN¥4.93 | CN¥50.25 | x |
| 2007-12-31 | CN¥5.11 | CN¥50.25 | x |
| 2008-12-31 | CN¥5.24 | CN¥50.25 | x |
| 2009-12-31 | CN¥5.33 | CN¥50.25 | x |
| 2010-12-31 | CN¥5.50 | CN¥50.25 | x |
| 2011-12-31 | CN¥6.02 | CN¥50.25 | x |
| 2012-12-31 | CN¥6.93 | CN¥50.25 | x |
| 2013-12-31 | CN¥6.64 | CN¥50.25 | x |
| 2014-12-31 | CN¥6.66 | CN¥50.25 | x |
| 2015-12-31 | CN¥6.65 | CN¥50.25 | x |
| 2016-12-31 | CN¥6.89 | CN¥50.25 | x |
| 2017-12-31 | CN¥7.37 | CN¥50.25 | x |
| 2018-12-31 | CN¥7.52 | CN¥50.25 | x |
| 2019-12-31 | CN¥9.10 | CN¥50.25 | x |
| 2020-12-31 | CN¥10.75 | CN¥50.25 | x |
| 2021-12-31 | CN¥14.47 | CN¥50.25 | x |
| 2022-12-31 | CN¥19.11 | CN¥50.25 | x |
| 2023-12-31 | CN¥21.84 | CN¥50.25 | x |
| 2024-12-31 | CN¥20.72 | CN¥50.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sichuan Tuopai Shede Wine 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): 5.08%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.45%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.73x
- Recent ROE (5.08%) is below the historical average (9.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 22.96% | 11.04% | 0.77x | 2.70x | CN¥32.30 Million |
| 1996 | 21.38% | 12.61% | 0.75x | 2.25x | CN¥53.74 Million |
| 1997 | 28.10% | 21.67% | 0.70x | 1.85x | CN¥118.93 Million |
| 1998 | 10.34% | 14.76% | 0.51x | 1.38x | CN¥3.98 Million |
| 1999 | 8.71% | 12.01% | 0.52x | 1.40x | CN¥-15.07 Million |
| 2000 | 6.19% | 10.89% | 0.46x | 1.24x | CN¥-63.16 Million |
| 2001 | 1.94% | 3.60% | 0.43x | 1.26x | CN¥-128.51 Million |
| 2002 | 0.64% | 1.21% | 0.41x | 1.29x | CN¥-150.21 Million |
| 2003 | 0.74% | 1.62% | 0.36x | 1.29x | CN¥-149.67 Million |
| 2004 | 0.84% | 1.71% | 0.39x | 1.28x | CN¥-149.62 Million |
| 2005 | 0.89% | 1.80% | 0.37x | 1.33x | CN¥-150.28 Million |
| 2006 | 1.20% | 2.27% | 0.35x | 1.51x | CN¥-146.54 Million |
| 2007 | 2.40% | 4.59% | 0.33x | 1.60x | CN¥-131.11 Million |
| 2008 | 2.35% | 5.10% | 0.30x | 1.56x | CN¥-135.13 Million |
| 2009 | 2.99% | 7.44% | 0.25x | 1.59x | CN¥-126.01 Million |
| 2010 | 4.12% | 8.55% | 0.28x | 1.72x | CN¥-108.94 Million |
| 2011 | 9.62% | 15.38% | 0.39x | 1.61x | CN¥-7.71 Million |
| 2012 | 15.82% | 18.88% | 0.57x | 1.48x | CN¥136.02 Million |
| 2013 | 0.53% | 0.83% | 0.42x | 1.52x | CN¥-212.11 Million |
| 2014 | 0.60% | 0.93% | 0.39x | 1.64x | CN¥-211.16 Million |
| 2015 | 0.32% | 0.62% | 0.31x | 1.67x | CN¥-217.46 Million |
| 2016 | 3.45% | 5.49% | 0.37x | 1.71x | CN¥-152.33 Million |
| 2017 | 5.78% | 8.76% | 0.35x | 1.89x | CN¥-104.82 Million |
| 2018 | 13.58% | 15.45% | 0.46x | 1.92x | CN¥90.17 Million |
| 2019 | 16.72% | 19.17% | 0.46x | 1.90x | CN¥204.10 Million |
| 2020 | 16.23% | 21.49% | 0.42x | 1.80x | CN¥223.12 Million |
| 2021 | 25.98% | 25.07% | 0.61x | 1.69x | CN¥766.24 Million |
| 2022 | 26.63% | 27.83% | 0.62x | 1.55x | CN¥1.05 Billion |
| 2023 | 24.45% | 24.97% | 0.64x | 1.54x | CN¥1.05 Billion |
| 2024 | 5.08% | 6.45% | 0.45x | 1.73x | CN¥-335.05 Million |
Industry Comparison
This section compares Sichuan Tuopai Shede Wine 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: $5,026,533,179
- Average return on equity (ROE) among peers: 20.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sichuan Tuopai Shede Wine Co Ltd (600702) | CN¥7.41 Billion | 22.96% | 0.69x | $1.46 Billion |
| Luzhou Lao Jiao Co Ltd (000568) | $818.25 Million | 38.95% | 0.65x | $10.68 Billion |
| Anhui Gujing Distillery Co Ltd (000596) | $1.05 Billion | 14.21% | 0.47x | $4.00 Billion |
| Jiugui Liquor Co Ltd (000799) | $1.68 Billion | -5.79% | 0.25x | $1.48 Billion |
| Wuliangye Yibin Co Ltd (000858) | $37.02 Billion | 21.54% | 0.19x | $24.84 Billion |
| Beijing Shunxin Agriculture Co Ltd (000860) | $856.51 Million | 5.98% | 0.19x | $880.58 Million |
| Jiangsu Yanghe Brewery Joint-Stock Co Ltd (002304) | $720.80 Million | 51.99% | 1.04x | $3.61 Billion |
| Shanghai Bairun Flavor & Fragrance Co Ltd (002568) | $649.02 Million | 44.20% | 0.03x | $1.25 Billion |
| Qinghai Huzhu Barley Wine Co Ltd (002646) | $2.74 Billion | 2.77% | 0.17x | $326.70 Million |
| Yantai Changyu Pioneer Wine (200869) | $1.25 Billion | 10.18% | 0.29x | $318.55 Million |
| Vats Liquor Chain Store Management Joint Stock Co Ltd (300755) | $3.48 Billion | 19.41% | 0.96x | $223.23 Million |