Anhui Yingjia Distillery Co Ltd (603198) - Net Assets
Based on the latest financial reports, Anhui Yingjia Distillery Co Ltd (603198) has net assets worth CN¥10.19 Billion CNY (≈ $1.49 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¥13.09 Billion ≈ $1.91 Billion USD) and total liabilities (CN¥2.90 Billion ≈ $424.45 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 financial resilience of Anhui Yingjia Distillery Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥10.19 Billion |
| % of Total Assets | 77.83% |
| Annual Growth Rate | 14.53% |
| 5-Year Change | 91.25% |
| 10-Year Change | 170.22% |
| Growth Volatility | 9.41 |
Anhui Yingjia Distillery Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Anhui Yingjia Distillery Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 603198 asset base for the complete picture of this company's asset base.
Annual Net Assets for Anhui Yingjia Distillery Co Ltd (2011–2024)
The table below shows the annual net assets of Anhui Yingjia Distillery Co Ltd from 2011 to 2024. For live valuation and market cap data, see Anhui Yingjia Distillery Co Ltd (603198) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥9.87 Billion ≈ $1.44 Billion |
+17.83% |
| 2023-12-31 | CN¥8.38 Billion ≈ $1.23 Billion |
+20.27% |
| 2022-12-31 | CN¥6.97 Billion ≈ $1.02 Billion |
+16.36% |
| 2021-12-31 | CN¥5.99 Billion ≈ $876.04 Million |
+15.98% |
| 2020-12-31 | CN¥5.16 Billion ≈ $755.31 Million |
+8.34% |
| 2019-12-31 | CN¥4.76 Billion ≈ $697.18 Million |
+9.64% |
| 2018-12-31 | CN¥4.35 Billion ≈ $635.89 Million |
+5.32% |
| 2017-12-31 | CN¥4.13 Billion ≈ $603.78 Million |
+4.80% |
| 2016-12-31 | CN¥3.94 Billion ≈ $576.14 Million |
+7.78% |
| 2015-12-31 | CN¥3.65 Billion ≈ $534.57 Million |
+42.92% |
| 2014-12-31 | CN¥2.56 Billion ≈ $374.04 Million |
+15.10% |
| 2013-12-31 | CN¥2.22 Billion ≈ $324.96 Million |
+12.24% |
| 2012-12-31 | CN¥1.98 Billion ≈ $289.51 Million |
+16.89% |
| 2011-12-31 | CN¥1.69 Billion ≈ $247.67 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Anhui Yingjia Distillery 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 1407.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥7.41 Billion | 75.28% |
| Common Stock | CN¥800.00 Million | 8.13% |
| Other Comprehensive Income | CN¥400.00 Million | 4.06% |
| Other Components | CN¥1.23 Billion | 12.53% |
| Total Equity | CN¥9.84 Billion | 100.00% |
Anhui Yingjia Distillery Co Ltd Competitors by Market Cap
The table below lists competitors of Anhui Yingjia Distillery Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BIDVEST SP.ADR/2 RC-05
F:NQL
|
$4.45 Billion |
|
Sany Heavy Energy Co. Ltd. A
SHG:688349
|
$4.45 Billion |
|
Eastern Bankshares Inc
NASDAQ:EBC
|
$4.45 Billion |
|
CSW Industrials, Inc.
NYSE:CSW
|
$4.45 Billion |
|
Opendoor Technologies Inc
NASDAQ:OPEN
|
$4.45 Billion |
|
Alior Bank S.A.
WAR:ALR
|
$4.45 Billion |
|
Grupo Elektra S.A.B. de C.V
MX:ELEKTRA
|
$4.44 Billion |
|
Orla Mining Ltd
TO:OLA
|
$4.44 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Anhui Yingjia Distillery Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,336,506,521 to 9,843,967,198, a change of 1,507,460,677 (18.1%).
- Net income of 2,589,270,154 contributed positively to equity growth.
- Dividend payments of 1,040,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 400,000,000.
- Other factors decreased equity by 441,809,477.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.59 Billion | +26.3% |
| Dividends Paid | CN¥1.04 Billion | -10.56% |
| Other Comprehensive Income | CN¥400.00 Million | +4.06% |
| Other Changes | CN¥-441.81 Million | -4.49% |
| Total Change | CN¥- | 18.08% |
Book Value vs Market Value Analysis
This analysis compares Anhui Yingjia Distillery 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: 3.08x
- 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 16.22x to 3.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥2.34 | CN¥38.00 | x |
| 2012-12-31 | CN¥2.76 | CN¥38.00 | x |
| 2013-12-31 | CN¥3.10 | CN¥38.00 | x |
| 2014-12-31 | CN¥3.57 | CN¥38.00 | x |
| 2015-12-31 | CN¥4.75 | CN¥38.00 | x |
| 2016-12-31 | CN¥4.89 | CN¥38.00 | x |
| 2017-12-31 | CN¥5.13 | CN¥38.00 | x |
| 2018-12-31 | CN¥5.40 | CN¥38.00 | x |
| 2019-12-31 | CN¥5.93 | CN¥38.00 | x |
| 2020-12-31 | CN¥6.43 | CN¥38.00 | x |
| 2021-12-31 | CN¥7.46 | CN¥38.00 | x |
| 2022-12-31 | CN¥8.66 | CN¥38.00 | x |
| 2023-12-31 | CN¥10.42 | CN¥38.00 | x |
| 2024-12-31 | CN¥12.32 | CN¥38.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Anhui Yingjia Distillery 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): 26.30%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 35.26%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.36x
- Recent ROE (26.30%) is above the historical average (20.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 26.47% | 15.50% | 0.99x | 1.73x | CN¥278.69 Million |
| 2012 | 23.55% | 13.89% | 0.99x | 1.72x | CN¥268.10 Million |
| 2013 | 19.01% | 12.44% | 1.00x | 1.53x | CN¥200.17 Million |
| 2014 | 19.04% | 16.44% | 0.76x | 1.52x | CN¥230.95 Million |
| 2015 | 14.52% | 18.12% | 0.56x | 1.44x | CN¥165.08 Million |
| 2016 | 17.37% | 22.48% | 0.54x | 1.44x | CN¥289.76 Million |
| 2017 | 16.18% | 21.24% | 0.53x | 1.43x | CN¥254.73 Million |
| 2018 | 17.95% | 22.32% | 0.54x | 1.48x | CN¥344.92 Million |
| 2019 | 19.60% | 24.63% | 0.54x | 1.47x | CN¥455.67 Million |
| 2020 | 18.54% | 27.62% | 0.47x | 1.44x | CN¥439.17 Million |
| 2021 | 23.25% | 30.12% | 0.53x | 1.45x | CN¥790.23 Million |
| 2022 | 24.61% | 30.97% | 0.55x | 1.45x | CN¥1.01 Billion |
| 2023 | 27.38% | 33.71% | 0.58x | 1.40x | CN¥1.45 Billion |
| 2024 | 26.30% | 35.26% | 0.55x | 1.36x | CN¥1.60 Billion |
Industry Comparison
This section compares Anhui Yingjia Distillery 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: $7,528,861,736
- Average return on equity (ROE) among peers: 22.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Anhui Yingjia Distillery Co Ltd (603198) | CN¥10.19 Billion | 26.47% | 0.28x | $4.45 Billion |
| Luzhou Lao Jiao Co Ltd (000568) | $34.33 Billion | 30.19% | 0.50x | $21.56 Billion |
| Anhui Gujing Distillery Co Ltd (000596) | $315.78 Million | 46.57% | 0.90x | $6.41 Billion |
| Jiugui Liquor Co Ltd (000799) | $1.37 Billion | 14.04% | 0.57x | $2.03 Billion |
| Wuliangye Yibin Co Ltd (000858) | $6.03 Billion | 11.67% | 0.37x | $55.14 Billion |
| Beijing Shunxin Agriculture Co Ltd (000860) | $7.79 Billion | 1.31% | 1.49x | $1.38 Billion |
| Yantai Changyu Pioneer Wine Co Ltd (000869) | $7.76 Billion | 13.28% | 0.33x | $1.30 Billion |
| Jiangsu Yanghe Brewery Joint-Stock Co Ltd (002304) | $9.91 Billion | 40.58% | 0.91x | $10.85 Billion |
| Shanghai Bairun Flavor & Fragrance Co Ltd (002568) | $4.70 Billion | 15.31% | 0.73x | $2.92 Billion |
| Qinghai Huzhu Barley Wine Co Ltd (002646) | $2.04 Billion | 18.29% | 0.17x | $567.18 Million |
| Anhui Gujing Distillery Co Ltd (200596) | $1.05 Billion | 29.90% | 0.77x | $1.01 Billion |
About Anhui Yingjia Distillery Co Ltd
Anhui Yingjia Distillery Co., Ltd. operates in the brewing industry in China. It offers various wine products. The company was founded in 1998 and is based in Luan, China. Anhui Yingjia Distillery Co., Ltd. operates as a subsidiary of Anhui Yingjia Group Co., Ltd.