Shanxi Xinghuacun Fen Wine Factory Co Ltd (600809) - Net Assets
Based on the latest financial reports, Shanxi Xinghuacun Fen Wine Factory Co Ltd (600809) has net assets worth CN¥45.55 Billion CNY (≈ $6.67 Billion 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¥64.38 Billion ≈ $9.42 Billion USD) and total liabilities (CN¥18.84 Billion ≈ $2.76 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. Also explore 600809 current and non-current assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥45.55 Billion |
| % of Total Assets | 70.74% |
| Annual Growth Rate | 13.86% |
| 5-Year Change | 157.49% |
| 10-Year Change | 729.73% |
| Growth Volatility | 13.44 |
Shanxi Xinghuacun Fen Wine Factory Co Ltd - Net Assets Trend (1993–2025)
This chart illustrates how Shanxi Xinghuacun Fen Wine Factory Co Ltd's net assets have evolved over time, based on quarterly financial data. Check 600809 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Shanxi Xinghuacun Fen Wine Factory Co Ltd (1993–2025)
The table below shows the annual net assets of Shanxi Xinghuacun Fen Wine Factory Co Ltd from 1993 to 2025. For live valuation and market cap data, see Shanxi Xinghuacun Fen Wine Factory Co Lt market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥40.13 Billion ≈ $5.87 Billion |
+14.00% |
| 2024-12-31 | CN¥35.20 Billion ≈ $5.15 Billion |
+24.51% |
| 2023-12-31 | CN¥28.28 Billion ≈ $4.14 Billion |
+30.03% |
| 2022-12-31 | CN¥21.75 Billion ≈ $3.18 Billion |
+39.51% |
| 2021-12-31 | CN¥15.59 Billion ≈ $2.28 Billion |
+54.86% |
| 2020-12-31 | CN¥10.06 Billion ≈ $1.47 Billion |
+32.01% |
| 2019-12-31 | CN¥7.62 Billion ≈ $1.12 Billion |
+17.63% |
| 2018-12-31 | CN¥6.48 Billion ≈ $948.46 Million |
+21.41% |
| 2017-12-31 | CN¥5.34 Billion ≈ $781.22 Million |
+10.37% |
| 2016-12-31 | CN¥4.84 Billion ≈ $707.81 Million |
+7.60% |
| 2015-12-31 | CN¥4.50 Billion ≈ $657.80 Million |
+14.22% |
| 2014-12-31 | CN¥3.94 Billion ≈ $575.92 Million |
+1.54% |
| 2013-12-31 | CN¥3.88 Billion ≈ $567.21 Million |
+6.94% |
| 2012-12-31 | CN¥3.62 Billion ≈ $530.39 Million |
+40.42% |
| 2011-12-31 | CN¥2.58 Billion ≈ $377.73 Million |
+25.33% |
| 2010-12-31 | CN¥2.06 Billion ≈ $301.39 Million |
+14.92% |
| 2009-12-31 | CN¥1.79 Billion ≈ $262.25 Million |
+12.90% |
| 2008-12-31 | CN¥1.59 Billion ≈ $232.29 Million |
+13.22% |
| 2007-12-31 | CN¥1.40 Billion ≈ $205.17 Million |
+16.28% |
| 2006-12-31 | CN¥1.21 Billion ≈ $176.45 Million |
+20.95% |
| 2005-12-31 | CN¥996.99 Million ≈ $145.89 Million |
+9.68% |
| 2004-12-31 | CN¥909.03 Million ≈ $133.02 Million |
+7.96% |
| 2003-12-31 | CN¥841.98 Million ≈ $123.21 Million |
+6.98% |
| 2002-12-31 | CN¥787.01 Million ≈ $115.16 Million |
+0.78% |
| 2001-12-31 | CN¥780.88 Million ≈ $114.27 Million |
-1.31% |
| 2000-12-31 | CN¥791.25 Million ≈ $115.78 Million |
+1.76% |
| 1999-12-31 | CN¥777.59 Million ≈ $113.79 Million |
-0.29% |
| 1998-12-31 | CN¥779.83 Million ≈ $114.11 Million |
+1.18% |
| 1997-12-31 | CN¥770.71 Million ≈ $112.78 Million |
+1.16% |
| 1996-12-31 | CN¥761.91 Million ≈ $111.49 Million |
+10.22% |
| 1995-12-31 | CN¥691.24 Million ≈ $101.15 Million |
-4.92% |
| 1994-12-31 | CN¥726.98 Million ≈ $106.38 Million |
+15.35% |
| 1993-12-31 | CN¥630.22 Million ≈ $92.22 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 654770.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥37.00 Billion | 93.35% |
| Other Components | CN¥2.64 Billion | 6.65% |
| Total Equity | CN¥39.63 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 |
|---|---|
|
Telefónica S.A
F:TNE2
|
$21.54 Billion |
|
Omnicom Group Inc
NYSE:OMC
|
$21.56 Billion |
|
Guangdong Songfa Ceramics Co
SHG:603268
|
$21.60 Billion |
|
EAST JP RAILW. ADR 1/6
F:EJR0
|
$21.61 Billion |
|
AXIA Energia SA
NYSE:AXIA-PC
|
$21.51 Billion |
|
Ruijie Networks Co. Ltd. A
SHE:301165
|
$21.51 Billion |
|
Dow Inc
NYSE:DOW
|
$21.51 Billion |
|
Cognizant Technology Solutions Corp Class A
NASDAQ:CTSH
|
$21.50 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 2024 to 2025, total equity changed from 34,753,830,416 to 39,633,139,714, a change of 4,879,309,298 (14.0%).
- Net income of 12,246,329,337 contributed positively to equity growth.
- Dividend payments of 7,392,983,185 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥12.25 Billion | +30.9% |
| Dividends Paid | CN¥7.39 Billion | -18.65% |
| Other Changes | CN¥25.96 Million | +0.07% |
| Total Change | CN¥- | 14.04% |
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: 3.71x
- 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 166.17x to 3.71x 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¥120.56 | x |
| 1994-12-31 | CN¥0.84 | CN¥120.56 | x |
| 1995-12-31 | CN¥0.80 | CN¥120.56 | x |
| 1996-12-31 | CN¥0.88 | CN¥120.56 | x |
| 1997-12-31 | CN¥0.89 | CN¥120.56 | x |
| 1998-12-31 | CN¥0.90 | CN¥120.56 | x |
| 1999-12-31 | CN¥0.89 | CN¥120.56 | x |
| 2000-12-31 | CN¥0.91 | CN¥120.56 | x |
| 2001-12-31 | CN¥0.90 | CN¥120.56 | x |
| 2002-12-31 | CN¥0.90 | CN¥120.56 | x |
| 2003-12-31 | CN¥0.95 | CN¥120.56 | x |
| 2004-12-31 | CN¥1.01 | CN¥120.56 | x |
| 2005-12-31 | CN¥1.09 | CN¥120.56 | x |
| 2006-12-31 | CN¥0.92 | CN¥120.56 | x |
| 2007-12-31 | CN¥1.06 | CN¥120.56 | x |
| 2008-12-31 | CN¥1.21 | CN¥120.56 | x |
| 2009-12-31 | CN¥1.36 | CN¥120.56 | x |
| 2010-12-31 | CN¥1.59 | CN¥120.56 | x |
| 2011-12-31 | CN¥2.05 | CN¥120.56 | x |
| 2012-12-31 | CN¥2.93 | CN¥120.56 | x |
| 2013-12-31 | CN¥3.16 | CN¥120.56 | x |
| 2014-12-31 | CN¥3.21 | CN¥120.56 | x |
| 2015-12-31 | CN¥3.65 | CN¥120.56 | x |
| 2016-12-31 | CN¥3.93 | CN¥120.56 | x |
| 2017-12-31 | CN¥4.32 | CN¥120.56 | x |
| 2018-12-31 | CN¥5.13 | CN¥120.56 | x |
| 2019-12-31 | CN¥6.14 | CN¥120.56 | x |
| 2020-12-31 | CN¥8.03 | CN¥120.56 | x |
| 2021-12-31 | CN¥12.51 | CN¥120.56 | x |
| 2022-12-31 | CN¥17.49 | CN¥120.56 | x |
| 2023-12-31 | CN¥22.84 | CN¥120.56 | x |
| 2024-12-31 | CN¥28.49 | CN¥120.56 | x |
| 2025-12-31 | CN¥32.49 | CN¥120.56 | 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): 30.90%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 31.63%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 1.42x
- Recent ROE (30.90%) is above the historical average (18.57%), 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 |
| 2025 | 30.90% | 31.63% | 0.69x | 1.42x | CN¥8.28 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: $9,925,476,790
- Average return on equity (ROE) among peers: 18.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanxi Xinghuacun Fen Wine Factory Co Ltd (600809) | CN¥45.55 Billion | 22.55% | 0.41x | $21.52 Billion |
| Luzhou Lao Jiao Co Ltd (000568) | $818.25 Million | 38.95% | 0.65x | $17.88 Billion |
| Anhui Gujing Distillery Co Ltd (000596) | $936.10 Million | 3.58% | 0.85x | $5.23 Billion |
| Jiugui Liquor Co Ltd (000799) | $768.73 Million | 20.81% | 0.21x | $1.81 Billion |
| Wuliangye Yibin Co Ltd (000858) | $14.58 Billion | 22.25% | 0.43x | $41.79 Billion |
| Beijing Shunxin Agriculture Co Ltd (000860) | $7.73 Billion | 9.63% | 1.57x | $1.12 Billion |
| Yantai Changyu Pioneer Wine Co Ltd (000869) | $5.15 Billion | 37.03% | 0.42x | $1.12 Billion |
| Jiangsu Yanghe Brewery Joint-Stock Co Ltd (002304) | $38.47 Billion | 19.45% | 0.40x | $8.67 Billion |
| Shanghai Bairun Flavor & Fragrance Co Ltd (002568) | $2.00 Billion | 14.99% | 0.28x | $2.70 Billion |
| Qinghai Huzhu Barley Wine Co Ltd (002646) | $2.70 Billion | 2.35% | 0.20x | $443.09 Million |
| Anhui Gujing Distillery Co Ltd (200596) | $26.10 Billion | 13.60% | 0.46x | $857.83 Million |
About Shanxi Xinghuacun Fen Wine Factory Co Ltd
Shanxi Xinghuacun Fen Wine Factory Co.,Ltd. produces and sells liquors in China and Internationally. It offers liquors under the Fenjiu, Zhuyeqing, and Xinghuacun names. The company 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.