Shanxi Xinghuacun Fen Wine Factory Co Ltd
Shanxi Xinghuacun Fen Wine Factory Co.,Ltd. produces and sells wine in China and Internationally. Shanxi Xinghuacun Fen Wine Factory Co.,Ltd. was founded in 1949 and is based in Fenyang, China. Shanxi Xinghuacun Fen Wine Factory Co.,Ltd. is a subsidiary of Shanxi Xinghuacun Fenjiu Group., LTd.
Shanxi Xinghuacun Fen Wine Factory Co Ltd (600809) - Net Assets
Latest net assets as of September 2025: CN¥39.28 Billion CNY
Based on the latest financial reports, Shanxi Xinghuacun Fen Wine Factory Co Ltd (600809) has net assets worth CN¥39.28 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¥54.55 Billion) and total liabilities (CN¥15.27 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¥39.28 Billion |
| % of Total Assets | 72.0% |
| Annual Growth Rate | 13.86% |
| 5-Year Change | 249.77% |
| 10-Year Change | 683.15% |
| Growth Volatility | 13.66 |
Shanxi Xinghuacun Fen Wine Factory Co Ltd - Net Assets Trend (1993–2024)
This chart illustrates how Shanxi Xinghuacun Fen Wine Factory 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 Shanxi Xinghuacun Fen Wine Factory Co Ltd (1993–2024)
The table below shows the annual net assets of Shanxi Xinghuacun Fen Wine Factory Co Ltd from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥35.20 Billion | +24.51% |
| 2023-12-31 | CN¥28.28 Billion | +30.03% |
| 2022-12-31 | CN¥21.75 Billion | +39.51% |
| 2021-12-31 | CN¥15.59 Billion | +54.86% |
| 2020-12-31 | CN¥10.06 Billion | +32.01% |
| 2019-12-31 | CN¥7.62 Billion | +17.63% |
| 2018-12-31 | CN¥6.48 Billion | +21.41% |
| 2017-12-31 | CN¥5.34 Billion | +10.37% |
| 2016-12-31 | CN¥4.84 Billion | +7.60% |
| 2015-12-31 | CN¥4.50 Billion | +14.22% |
| 2014-12-31 | CN¥3.94 Billion | +1.54% |
| 2013-12-31 | CN¥3.88 Billion | +6.94% |
| 2012-12-31 | CN¥3.62 Billion | +40.42% |
| 2011-12-31 | CN¥2.58 Billion | +25.33% |
| 2010-12-31 | CN¥2.06 Billion | +14.92% |
| 2009-12-31 | CN¥1.79 Billion | +12.90% |
| 2008-12-31 | CN¥1.59 Billion | +13.22% |
| 2007-12-31 | CN¥1.40 Billion | +16.28% |
| 2006-12-31 | CN¥1.21 Billion | +20.95% |
| 2005-12-31 | CN¥996.99 Million | +9.68% |
| 2004-12-31 | CN¥909.03 Million | +7.96% |
| 2003-12-31 | CN¥841.98 Million | +6.98% |
| 2002-12-31 | CN¥787.01 Million | +0.78% |
| 2001-12-31 | CN¥780.88 Million | -1.31% |
| 2000-12-31 | CN¥791.25 Million | +1.76% |
| 1999-12-31 | CN¥777.59 Million | -0.29% |
| 1998-12-31 | CN¥779.83 Million | +1.18% |
| 1997-12-31 | CN¥770.71 Million | +1.16% |
| 1996-12-31 | CN¥761.91 Million | +10.22% |
| 1995-12-31 | CN¥691.24 Million | -4.92% |
| 1994-12-31 | CN¥726.98 Million | +15.35% |
| 1993-12-31 | CN¥630.22 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shanxi Xinghuacun Fen Wine Factory 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 568864.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥32.14 Billion | 92.49% |
| Common Stock | CN¥1.22 Billion | 3.51% |
| Other Components | CN¥1.39 Billion | 4.00% |
| Total Equity | CN¥34.75 Billion | 100.00% |
Shanxi Xinghuacun Fen Wine Factory Co Ltd Competitors by Market Cap
The table below lists competitors of Shanxi Xinghuacun Fen Wine Factory Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CGN Power
SHE:003816
|
$8.87 Billion |
|
China Resources Land Ltd
PINK:CRBJF
|
$8.88 Billion |
|
Interpublic Group of Companies Inc
NYSE:IPG
|
$8.88 Billion |
|
China National Nuclear Power
SHG:601985
|
$8.89 Billion |
|
Phison Electronics
TWO:8299
|
$8.87 Billion |
|
InterDigital Inc
NASDAQ:IDCC
|
$8.87 Billion |
|
Bank Polska Kasa Opieki S.A
OTCGREY:BKPKF
|
$8.86 Billion |
|
Shimano Inc
PINK:SHMDF
|
$8.84 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanxi Xinghuacun Fen Wine Factory Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 27,836,907,912 to 34,753,830,416, a change of 6,916,922,504 (24.8%).
- Net income of 12,242,884,000 contributed positively to equity growth.
- Dividend payments of 5,349,153,635 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥12.24 Billion | +35.23% |
| Dividends Paid | CN¥5.35 Billion | -15.39% |
| Other Changes | CN¥23.19 Million | +0.07% |
| Total Change | CN¥- | 24.85% |
Book Value vs Market Value Analysis
This analysis compares Shanxi Xinghuacun Fen Wine Factory 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: 5.59x
- 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 219.53x to 5.59x 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¥0.73 | CN¥159.27 | x |
| 1994-12-31 | CN¥0.84 | CN¥159.27 | x |
| 1995-12-31 | CN¥0.80 | CN¥159.27 | x |
| 1996-12-31 | CN¥0.88 | CN¥159.27 | x |
| 1997-12-31 | CN¥0.89 | CN¥159.27 | x |
| 1998-12-31 | CN¥0.90 | CN¥159.27 | x |
| 1999-12-31 | CN¥0.89 | CN¥159.27 | x |
| 2000-12-31 | CN¥0.91 | CN¥159.27 | x |
| 2001-12-31 | CN¥0.90 | CN¥159.27 | x |
| 2002-12-31 | CN¥0.90 | CN¥159.27 | x |
| 2003-12-31 | CN¥0.95 | CN¥159.27 | x |
| 2004-12-31 | CN¥1.01 | CN¥159.27 | x |
| 2005-12-31 | CN¥1.09 | CN¥159.27 | x |
| 2006-12-31 | CN¥0.92 | CN¥159.27 | x |
| 2007-12-31 | CN¥1.06 | CN¥159.27 | x |
| 2008-12-31 | CN¥1.21 | CN¥159.27 | x |
| 2009-12-31 | CN¥1.36 | CN¥159.27 | x |
| 2010-12-31 | CN¥1.59 | CN¥159.27 | x |
| 2011-12-31 | CN¥2.05 | CN¥159.27 | x |
| 2012-12-31 | CN¥2.93 | CN¥159.27 | x |
| 2013-12-31 | CN¥3.16 | CN¥159.27 | x |
| 2014-12-31 | CN¥3.21 | CN¥159.27 | x |
| 2015-12-31 | CN¥3.65 | CN¥159.27 | x |
| 2016-12-31 | CN¥3.93 | CN¥159.27 | x |
| 2017-12-31 | CN¥4.32 | CN¥159.27 | x |
| 2018-12-31 | CN¥5.13 | CN¥159.27 | x |
| 2019-12-31 | CN¥6.14 | CN¥159.27 | x |
| 2020-12-31 | CN¥8.03 | CN¥159.27 | x |
| 2021-12-31 | CN¥12.51 | CN¥159.27 | x |
| 2022-12-31 | CN¥17.49 | CN¥159.27 | x |
| 2023-12-31 | CN¥22.84 | CN¥159.27 | x |
| 2024-12-31 | CN¥28.49 | CN¥159.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanxi Xinghuacun Fen Wine Factory 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): 35.23%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.00%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.54x
- Recent ROE (35.23%) is above the historical average (18.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 22.55% | 23.73% | 0.63x | 1.50x | CN¥79.09 Million |
| 1994 | 13.26% | 20.69% | 0.44x | 1.45x | CN¥23.68 Million |
| 1995 | 6.75% | 14.23% | 0.28x | 1.67x | CN¥-22.44 Million |
| 1996 | 6.69% | 11.55% | 0.39x | 1.49x | CN¥-25.23 Million |
| 1997 | 6.71% | 11.47% | 0.40x | 1.47x | CN¥-25.33 Million |
| 1998 | 0.53% | 1.65% | 0.22x | 1.44x | CN¥-73.81 Million |
| 1999 | 0.48% | 1.22% | 0.27x | 1.43x | CN¥-74.00 Million |
| 2000 | 1.61% | 3.42% | 0.33x | 1.44x | CN¥-66.36 Million |
| 2001 | 3.68% | 6.62% | 0.39x | 1.41x | CN¥-49.34 Million |
| 2002 | 2.02% | 3.07% | 0.50x | 1.31x | CN¥-62.60 Million |
| 2003 | 5.11% | 6.74% | 0.58x | 1.30x | CN¥-40.43 Million |
| 2004 | 10.12% | 10.63% | 0.70x | 1.37x | CN¥1.06 Million |
| 2005 | 13.98% | 12.35% | 0.80x | 1.41x | CN¥37.65 Million |
| 2006 | 23.36% | 17.21% | 0.92x | 1.48x | CN¥149.47 Million |
| 2007 | 27.85% | 19.47% | 0.98x | 1.46x | CN¥230.47 Million |
| 2008 | 16.72% | 15.47% | 0.75x | 1.44x | CN¥98.49 Million |
| 2009 | 21.53% | 16.56% | 0.85x | 1.52x | CN¥190.13 Million |
| 2010 | 25.67% | 16.39% | 0.87x | 1.79x | CN¥301.83 Million |
| 2011 | 31.34% | 17.39% | 0.91x | 1.97x | CN¥531.48 Million |
| 2012 | 37.37% | 20.49% | 1.06x | 1.72x | CN¥972.09 Million |
| 2013 | 25.08% | 15.78% | 1.05x | 1.52x | CN¥577.54 Million |
| 2014 | 9.14% | 9.08% | 0.68x | 1.49x | CN¥-33.43 Million |
| 2015 | 11.77% | 12.61% | 0.62x | 1.52x | CN¥78.13 Million |
| 2016 | 12.71% | 13.74% | 0.59x | 1.56x | CN¥129.12 Million |
| 2017 | 18.19% | 14.97% | 0.71x | 1.71x | CN¥428.77 Million |
| 2018 | 24.25% | 15.96% | 0.80x | 1.90x | CN¥885.63 Million |
| 2019 | 26.44% | 16.56% | 0.74x | 2.16x | CN¥1.22 Billion |
| 2020 | 31.49% | 22.01% | 0.71x | 2.02x | CN¥2.10 Billion |
| 2021 | 34.91% | 26.61% | 0.67x | 1.97x | CN¥3.79 Billion |
| 2022 | 37.97% | 30.88% | 0.71x | 1.72x | CN¥5.96 Billion |
| 2023 | 37.50% | 32.69% | 0.72x | 1.58x | CN¥7.65 Billion |
| 2024 | 35.23% | 34.00% | 0.67x | 1.54x | CN¥8.77 Billion |
Industry Comparison
This section compares Shanxi Xinghuacun Fen Wine Factory 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: $7,937,637,780
- Average return on equity (ROE) among peers: 16.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanxi Xinghuacun Fen Wine Factory Co Ltd (600809) | CN¥39.28 Billion | 22.55% | 0.39x | $8.87 Billion |
| Luzhou Lao Jiao Co Ltd (000568) | $235.40 Million | 25.02% | 1.14x | $10.63 Billion |
| Jiugui Liquor Co Ltd (000799) | $4.15 Billion | 25.26% | 0.41x | $1.44 Billion |
| Wuliangye Yibin Co Ltd (000858) | $3.19 Billion | 24.07% | 0.44x | $24.90 Billion |
| Beijing Shunxin Agriculture Co Ltd (000860) | $7.46 Billion | 10.85% | 1.95x | $880.58 Million |
| Yantai Changyu Pioneer Wine Co Ltd (000869) | $1.44 Billion | 7.71% | 0.27x | $860.99 Million |
| Jiangsu Yanghe Brewery Joint-Stock Co Ltd (002304) | $52.05 Billion | 19.24% | 0.34x | $3.60 Billion |
| Shanghai Bairun Flavor & Fragrance Co Ltd (002568) | $4.70 Billion | 15.31% | 0.73x | $1.25 Billion |
| Qinghai Huzhu Barley Wine Co Ltd (002646) | $2.80 Billion | 3.20% | 0.19x | $324.05 Million |
| Anhui Gujing Distillery Co Ltd (200596) | $785.49 Million | 22.16% | 0.82x | $2.43 Billion |
| Vats Liquor Chain Store Management Joint Stock Co Ltd (300755) | $2.56 Billion | 12.49% | 0.62x | $218.25 Million |