Sichuan Swellfun Co Ltd (600779) - Net Assets
Based on the latest financial reports, Sichuan Swellfun Co Ltd (600779) has net assets worth CN¥5.28 Billion CNY (≈ $773.30 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¥8.38 Billion ≈ $1.23 Billion USD) and total liabilities (CN¥3.10 Billion ≈ $452.97 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 600779 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.28 Billion |
| % of Total Assets | 63.06% |
| Annual Growth Rate | 13.08% |
| 5-Year Change | 94.31% |
| 10-Year Change | 247.97% |
| Growth Volatility | 25.8 |
Sichuan Swellfun Co Ltd - Net Assets Trend (1993–2025)
This chart illustrates how Sichuan Swellfun Co Ltd's net assets have evolved over time, based on quarterly financial data. See 600779 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Sichuan Swellfun Co Ltd (1993–2025)
The table below shows the annual net assets of Sichuan Swellfun Co Ltd from 1993 to 2025. For live valuation and market cap data, see 600779 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥5.11 Billion ≈ $748.27 Million |
-1.43% |
| 2024-12-31 | CN¥5.19 Billion ≈ $759.13 Million |
+18.06% |
| 2023-12-31 | CN¥4.39 Billion ≈ $643.03 Million |
+27.06% |
| 2022-12-31 | CN¥3.46 Billion ≈ $506.08 Million |
+31.42% |
| 2021-12-31 | CN¥2.63 Billion ≈ $385.10 Million |
+23.21% |
| 2020-12-31 | CN¥2.14 Billion ≈ $312.56 Million |
+1.14% |
| 2019-12-31 | CN¥2.11 Billion ≈ $309.05 Million |
+13.74% |
| 2018-12-31 | CN¥1.86 Billion ≈ $271.71 Million |
+17.50% |
| 2017-12-31 | CN¥1.58 Billion ≈ $231.24 Million |
+7.54% |
| 2016-12-31 | CN¥1.47 Billion ≈ $215.04 Million |
+14.68% |
| 2015-12-31 | CN¥1.28 Billion ≈ $187.51 Million |
+6.26% |
| 2014-12-31 | CN¥1.21 Billion ≈ $176.47 Million |
-25.11% |
| 2013-12-31 | CN¥1.61 Billion ≈ $235.62 Million |
-15.09% |
| 2012-12-31 | CN¥1.90 Billion ≈ $277.49 Million |
+13.58% |
| 2011-12-31 | CN¥1.67 Billion ≈ $244.31 Million |
+14.17% |
| 2010-12-31 | CN¥1.46 Billion ≈ $213.99 Million |
-2.79% |
| 2009-12-31 | CN¥1.50 Billion ≈ $220.13 Million |
+4.15% |
| 2008-12-31 | CN¥1.44 Billion ≈ $211.36 Million |
+10.06% |
| 2007-12-31 | CN¥1.31 Billion ≈ $192.05 Million |
+12.13% |
| 2006-12-31 | CN¥1.17 Billion ≈ $171.27 Million |
+3.55% |
| 2005-12-31 | CN¥1.13 Billion ≈ $165.40 Million |
+2.64% |
| 2004-12-31 | CN¥1.10 Billion ≈ $161.15 Million |
-4.31% |
| 2003-12-31 | CN¥1.15 Billion ≈ $168.41 Million |
-13.10% |
| 2002-12-31 | CN¥1.32 Billion ≈ $193.79 Million |
+1.18% |
| 2001-12-31 | CN¥1.31 Billion ≈ $191.52 Million |
+70.07% |
| 2000-12-31 | CN¥769.61 Million ≈ $112.62 Million |
+40.27% |
| 1999-12-31 | CN¥548.68 Million ≈ $80.29 Million |
+65.98% |
| 1998-12-31 | CN¥330.57 Million ≈ $48.37 Million |
+11.36% |
| 1997-12-31 | CN¥296.85 Million ≈ $43.44 Million |
+4.48% |
| 1996-12-31 | CN¥284.11 Million ≈ $41.57 Million |
+110.59% |
| 1995-12-31 | CN¥134.91 Million ≈ $19.74 Million |
+21.96% |
| 1994-12-31 | CN¥110.62 Million ≈ $16.19 Million |
+10.65% |
| 1993-12-31 | CN¥99.97 Million ≈ $14.63 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sichuan Swellfun 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 404873881626.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.05 Billion | 79.18% |
| Other Components | CN¥1.06 Billion | 20.82% |
| Total Equity | CN¥5.11 Billion | 100.00% |
Sichuan Swellfun Co Ltd Competitors by Market Cap
The table below lists competitors of Sichuan Swellfun Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanxi Zhangze Electric Power Co Ltd
SHE:000767
|
$2.07 Billion |
|
Compania Cervecerias Unidas SA ADR
NYSE:CCU
|
$2.07 Billion |
|
Wuxi Huaguang Boiler Co Ltd
SHG:600475
|
$2.07 Billion |
|
Mobileye Global Inc. Class A Common Stock
NASDAQ:MBLY
|
$2.07 Billion |
|
Hyundai Mar&Fi
KO:001450
|
$2.07 Billion |
|
Capri Holdings Ltd
NYSE:CPRI
|
$2.07 Billion |
|
Hansol Chemica
KO:014680
|
$2.07 Billion |
|
Zhejiang Semir Garment Co Ltd
SHE:002563
|
$2.07 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sichuan Swellfun Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,187,758,662 to 5,113,546,281, a change of -74,212,381 (-1.4%).
- Net income of 405,888,020 contributed positively to equity growth.
- Dividend payments of 1,160,126,231 reduced retained earnings.
- Other factors increased equity by 680,025,831.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥405.89 Million | +7.94% |
| Dividends Paid | CN¥1.16 Billion | -22.69% |
| Other Changes | CN¥680.03 Million | +13.3% |
| Total Change | CN¥- | -1.43% |
Book Value vs Market Value Analysis
This analysis compares Sichuan Swellfun 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: 2.76x
- 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 143.19x to 2.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | CN¥0.20 | CN¥28.97 | x |
| 1994-12-31 | CN¥0.22 | CN¥28.97 | x |
| 1995-12-31 | CN¥0.27 | CN¥28.97 | x |
| 1996-12-31 | CN¥0.57 | CN¥28.97 | x |
| 1997-12-31 | CN¥0.60 | CN¥28.97 | x |
| 1998-12-31 | CN¥0.67 | CN¥28.97 | x |
| 1999-12-31 | CN¥1.11 | CN¥28.97 | x |
| 2000-12-31 | CN¥1.37 | CN¥28.97 | x |
| 2001-12-31 | CN¥2.46 | CN¥28.97 | x |
| 2002-12-31 | CN¥2.39 | CN¥28.97 | x |
| 2003-12-31 | CN¥2.05 | CN¥28.97 | x |
| 2004-12-31 | CN¥2.22 | CN¥28.97 | x |
| 2005-12-31 | CN¥2.28 | CN¥28.97 | x |
| 2006-12-31 | CN¥2.39 | CN¥28.97 | x |
| 2007-12-31 | CN¥2.65 | CN¥28.97 | x |
| 2008-12-31 | CN¥2.92 | CN¥28.97 | x |
| 2009-12-31 | CN¥3.07 | CN¥28.97 | x |
| 2010-12-31 | CN¥2.97 | CN¥28.97 | x |
| 2011-12-31 | CN¥3.41 | CN¥28.97 | x |
| 2012-12-31 | CN¥3.87 | CN¥28.97 | x |
| 2013-12-31 | CN¥3.22 | CN¥28.97 | x |
| 2014-12-31 | CN¥2.47 | CN¥28.97 | x |
| 2015-12-31 | CN¥2.62 | CN¥28.97 | x |
| 2016-12-31 | CN¥3.01 | CN¥28.97 | x |
| 2017-12-31 | CN¥3.23 | CN¥28.97 | x |
| 2018-12-31 | CN¥3.80 | CN¥28.97 | x |
| 2019-12-31 | CN¥4.32 | CN¥28.97 | x |
| 2020-12-31 | CN¥4.37 | CN¥28.97 | x |
| 2021-12-31 | CN¥5.40 | CN¥28.97 | x |
| 2022-12-31 | CN¥7.10 | CN¥28.97 | x |
| 2023-12-31 | CN¥9.02 | CN¥28.97 | x |
| 2024-12-31 | CN¥10.68 | CN¥28.97 | x |
| 2025-12-31 | CN¥10.49 | CN¥28.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sichuan Swellfun 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): 7.94%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.36%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.65x
- Recent ROE (7.94%) is below the historical average (15.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 3.00% | 1.44% | 0.95x | 2.18x | CN¥-7.00 Million |
| 1994 | 17.53% | 7.28% | 0.81x | 2.97x | CN¥8.33 Million |
| 1995 | 15.97% | 5.53% | 1.12x | 2.58x | CN¥7.89 Million |
| 1996 | 10.19% | 9.23% | 0.58x | 1.90x | CN¥532.54K |
| 1997 | 10.15% | 9.87% | 0.49x | 2.11x | CN¥453.23K |
| 1998 | 10.75% | 11.20% | 0.47x | 2.05x | CN¥2.47 Million |
| 1999 | 40.19% | 18.67% | 0.84x | 2.55x | CN¥165.66 Million |
| 2000 | 25.98% | 13.75% | 0.76x | 2.48x | CN¥108.34 Million |
| 2001 | 12.94% | 13.73% | 0.46x | 2.04x | CN¥35.69 Million |
| 2002 | 1.30% | 1.46% | 0.42x | 2.10x | CN¥-102.91 Million |
| 2003 | -17.45% | -19.25% | 0.40x | 2.27x | CN¥-278.25 Million |
| 2004 | 6.42% | 8.87% | 0.50x | 1.45x | CN¥-39.22 Million |
| 2005 | 6.91% | 12.88% | 0.35x | 1.53x | CN¥-34.71 Million |
| 2006 | 8.77% | 12.64% | 0.43x | 1.63x | CN¥-14.28 Million |
| 2007 | 15.45% | 20.04% | 0.44x | 1.74x | CN¥70.96 Million |
| 2008 | 21.90% | 26.61% | 0.47x | 1.75x | CN¥170.47 Million |
| 2009 | 21.46% | 19.15% | 0.60x | 1.87x | CN¥171.21 Million |
| 2010 | 16.14% | 14.03% | 0.78x | 1.47x | CN¥89.56 Million |
| 2011 | 19.25% | 23.83% | 0.53x | 1.52x | CN¥153.98 Million |
| 2012 | 17.87% | 20.64% | 0.62x | 1.40x | CN¥148.70 Million |
| 2013 | -9.62% | -31.62% | 0.24x | 1.28x | CN¥-313.19 Million |
| 2014 | -33.40% | -110.40% | 0.22x | 1.35x | CN¥-523.40 Million |
| 2015 | 6.87% | 10.29% | 0.48x | 1.40x | CN¥-40.16 Million |
| 2016 | 15.30% | 19.11% | 0.53x | 1.50x | CN¥77.84 Million |
| 2017 | 21.23% | 16.38% | 0.73x | 1.76x | CN¥177.46 Million |
| 2018 | 31.21% | 20.55% | 0.88x | 1.72x | CN¥393.77 Million |
| 2019 | 39.12% | 23.35% | 0.90x | 1.87x | CN¥615.08 Million |
| 2020 | 34.24% | 24.33% | 0.69x | 2.04x | CN¥517.73 Million |
| 2021 | 45.56% | 25.89% | 0.79x | 2.24x | CN¥935.91 Million |
| 2022 | 35.16% | 26.02% | 0.66x | 2.04x | CN¥870.00 Million |
| 2023 | 28.87% | 25.62% | 0.59x | 1.92x | CN¥829.36 Million |
| 2024 | 25.85% | 25.71% | 0.57x | 1.77x | CN¥822.25 Million |
| 2025 | 7.94% | 13.36% | 0.36x | 1.65x | CN¥-105.47 Million |
Industry Comparison
This section compares Sichuan Swellfun Co Ltd's net assets metrics with peer companies in the Beverages - Brewers industry.
Industry Context
- Industry: Beverages - Brewers
- Average net assets among peers: $3,443,359,502
- Average return on equity (ROE) among peers: 4.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sichuan Swellfun Co Ltd (600779) | CN¥5.28 Billion | 3.00% | 0.59x | $2.07 Billion |
| Beijing Yanjing Brewery Co Ltd (000729) | $14.78 Billion | 4.36% | 0.44x | $4.23 Billion |
| Tibet Galaxy Science & Technology Development Co Ltd (000752) | $657.17 Million | 5.37% | 0.30x | $339.26 Million |
| Lanzhou Huanghe Enterprise Co Ltd (000929) | $343.58 Million | -4.55% | 1.38x | $265.31 Million |
| Gansu Huangtai Wine-marketing Industry Co. Ltd. (000995) | $337.07 Million | 0.00% | 0.62x | $262.46 Million |
| Guangzhou Zhujiang Brewery Co Ltd (002461) | $2.84 Billion | 3.02% | 0.65x | $2.67 Billion |
| Chongqing Brewery Co Ltd (600132) | $1.80 Billion | 8.82% | 1.41x | $3.14 Billion |
| Hainan Yedao Group Co Ltd (600238) | $656.01 Million | 0.00% | 1.13x | $316.78 Million |
| FuJian YanJing HuiQuan Brewery Co Ltd (600573) | $1.02 Billion | 4.32% | 0.17x | $396.92 Million |
| Tsingtao Brewery Co Ltd (600600) | $8.56 Billion | 14.64% | 0.74x | $5.59 Billion |
About Sichuan Swellfun Co Ltd
Sichuan Swellfun Co.,Ltd produces and sells liquor and wine. The company offers products, such as First Fang, Shuijingfang Yuanmingqing, Shuijingfang Jingcui, Shuijingfang Diancang, Shuijingfang Jingtai, Shuijingfang Zhenniang No. 8, Shuijingfang Jingtai Zhencang, Shuijingfang Hongyun, Shuijingfang Meilan Zhuju, Xiaoshuijing, Tianhao Chen, and Shuijing Fu. It is also involved in manufacturing of … Read more