Jiangsu King's Luck Brewery Joint-Stock Co Ltd (603369) - Net Assets
Based on the latest financial reports, Jiangsu King's Luck Brewery Joint-Stock Co Ltd (603369) has net assets worth CN¥16.51 Billion CNY (≈ $2.42 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¥24.48 Billion ≈ $3.58 Billion USD) and total liabilities (CN¥7.97 Billion ≈ $1.17 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. Check Jiangsu King's Luck Brewery Joint-Stock asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥16.51 Billion |
| % of Total Assets | 67.44% |
| Annual Growth Rate | 21.08% |
| 5-Year Change | 86.92% |
| 10-Year Change | 282.33% |
| Growth Volatility | 12.11 |
Jiangsu King's Luck Brewery Joint-Stock Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Jiangsu King's Luck Brewery Joint-Stock Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 603369 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Jiangsu King's Luck Brewery Joint-Stock Co Ltd (2011–2024)
The table below shows the annual net assets of Jiangsu King's Luck Brewery Joint-Stock Co Ltd from 2011 to 2024. For live valuation and market cap data, see 603369 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥15.45 Billion ≈ $2.26 Billion |
+16.31% |
| 2023-12-31 | CN¥13.29 Billion ≈ $1.94 Billion |
+20.08% |
| 2022-12-31 | CN¥11.06 Billion ≈ $1.62 Billion |
+19.01% |
| 2021-12-31 | CN¥9.30 Billion ≈ $1.36 Billion |
+12.46% |
| 2020-12-31 | CN¥8.27 Billion ≈ $1.21 Billion |
+14.72% |
| 2019-12-31 | CN¥7.21 Billion ≈ $1.05 Billion |
+17.96% |
| 2018-12-31 | CN¥6.11 Billion ≈ $893.95 Million |
+15.72% |
| 2017-12-31 | CN¥5.28 Billion ≈ $772.49 Million |
+14.24% |
| 2016-12-31 | CN¥4.62 Billion ≈ $676.18 Million |
+14.32% |
| 2015-12-31 | CN¥4.04 Billion ≈ $591.46 Million |
+13.60% |
| 2014-12-31 | CN¥3.56 Billion ≈ $520.63 Million |
+54.84% |
| 2013-12-31 | CN¥2.30 Billion ≈ $336.23 Million |
+26.40% |
| 2012-12-31 | CN¥1.82 Billion ≈ $266.01 Million |
+41.41% |
| 2011-12-31 | CN¥1.29 Billion ≈ $188.11 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu King's Luck Brewery Joint-Stock 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 2208.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥13.27 Billion | 85.87% |
| Common Stock | CN¥1.25 Billion | 8.12% |
| Other Comprehensive Income | CN¥645.74 Million | 4.18% |
| Other Components | CN¥283.42 Million | 1.83% |
| Total Equity | CN¥15.45 Billion | 100.00% |
Jiangsu King's Luck Brewery Joint-Stock Co Ltd Competitors by Market Cap
The table below lists competitors of Jiangsu King's Luck Brewery Joint-Stock Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Liberty Broadband Srs C
NASDAQ:LBRDK
|
$5.01 Billion |
|
Minth Group Limited
F:M3I
|
$5.01 Billion |
|
PI Industries Limited
NSE:PIIND
|
$5.01 Billion |
|
Phillips Edison & Co Inc
NASDAQ:PECO
|
$5.02 Billion |
|
Taiwan Business Bank
TW:2834
|
$5.01 Billion |
|
Alfa S.A.B. de C.V.
MX:ALFAA
|
$5.00 Billion |
|
Alkermes plc
F:8AK
|
$5.00 Billion |
|
Andon Health Co Ltd
SHE:002432
|
$5.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu King's Luck Brewery Joint-Stock Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,286,816,788 to 15,453,651,528, a change of 2,166,834,740 (16.3%).
- Net income of 3,411,925,268 contributed positively to equity growth.
- Dividend payments of 1,247,391,666 reduced retained earnings.
- Other comprehensive income increased equity by 639,619,773.
- Other factors decreased equity by 637,318,635.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥3.41 Billion | +22.08% |
| Dividends Paid | CN¥1.25 Billion | -8.07% |
| Other Comprehensive Income | CN¥639.62 Million | +4.14% |
| Other Changes | CN¥-637.32 Million | -4.12% |
| Total Change | CN¥- | 16.31% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu King's Luck Brewery Joint-Stock 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: 2.21x
- 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 24.01x to 2.21x 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¥1.14 | CN¥27.44 | x |
| 2012-12-31 | CN¥1.61 | CN¥27.44 | x |
| 2013-12-31 | CN¥2.03 | CN¥27.44 | x |
| 2014-12-31 | CN¥2.98 | CN¥27.44 | x |
| 2015-12-31 | CN¥3.22 | CN¥27.44 | x |
| 2016-12-31 | CN¥3.68 | CN¥27.44 | x |
| 2017-12-31 | CN¥4.19 | CN¥27.44 | x |
| 2018-12-31 | CN¥4.86 | CN¥27.44 | x |
| 2019-12-31 | CN¥5.74 | CN¥27.44 | x |
| 2020-12-31 | CN¥6.59 | CN¥27.44 | x |
| 2021-12-31 | CN¥7.41 | CN¥27.44 | x |
| 2022-12-31 | CN¥8.87 | CN¥27.44 | x |
| 2023-12-31 | CN¥10.66 | CN¥27.44 | x |
| 2024-12-31 | CN¥12.39 | CN¥27.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu King's Luck Brewery Joint-Stock 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): 22.08%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.55%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.57x
- Recent ROE (22.08%) is below the historical average (23.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 41.47% | 23.78% | 0.98x | 1.78x | CN¥404.60 Million |
| 2012 | 37.31% | 26.09% | 0.87x | 1.64x | CN¥495.31 Million |
| 2013 | 29.78% | 27.08% | 0.75x | 1.47x | CN¥452.50 Million |
| 2014 | 18.22% | 26.90% | 0.53x | 1.27x | CN¥291.19 Million |
| 2015 | 16.99% | 28.26% | 0.45x | 1.34x | CN¥281.88 Million |
| 2016 | 16.34% | 29.52% | 0.41x | 1.34x | CN¥292.71 Million |
| 2017 | 17.02% | 30.35% | 0.41x | 1.37x | CN¥369.64 Million |
| 2018 | 18.88% | 30.80% | 0.44x | 1.41x | CN¥541.24 Million |
| 2019 | 20.23% | 29.94% | 0.48x | 1.40x | CN¥737.47 Million |
| 2020 | 18.95% | 30.61% | 0.43x | 1.43x | CN¥740.17 Million |
| 2021 | 21.83% | 31.68% | 0.44x | 1.55x | CN¥1.10 Billion |
| 2022 | 22.62% | 31.74% | 0.43x | 1.64x | CN¥1.40 Billion |
| 2023 | 23.60% | 31.06% | 0.47x | 1.63x | CN¥1.81 Billion |
| 2024 | 22.08% | 29.55% | 0.48x | 1.57x | CN¥1.87 Billion |
Industry Comparison
This section compares Jiangsu King's Luck Brewery Joint-Stock 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: $8,143,791,249
- Average return on equity (ROE) among peers: 5.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu King's Luck Brewery Joint-Stock Co Ltd (603369) | CN¥16.51 Billion | 41.47% | 0.48x | $5.01 Billion |
| Luzhou Lao Jiao Co Ltd (000568) | $1.56 Billion | 2.97% | 0.70x | $21.56 Billion |
| Anhui Gujing Distillery Co Ltd (000596) | $1.19 Billion | 5.06% | 0.32x | $6.41 Billion |
| Jiugui Liquor Co Ltd (000799) | $1.76 Billion | 5.04% | 0.30x | $2.03 Billion |
| Wuliangye Yibin Co Ltd (000858) | $7.39 Billion | 10.71% | 0.30x | $55.14 Billion |
| Beijing Shunxin Agriculture Co Ltd (000860) | $2.99 Billion | 10.25% | 2.45x | $1.38 Billion |
| Yantai Changyu Pioneer Wine Co Ltd (000869) | $10.69 Billion | 4.68% | 0.26x | $1.30 Billion |
| Jiangsu Yanghe Brewery Joint-Stock Co Ltd (002304) | $47.52 Billion | 19.73% | 0.43x | $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) | $2.74 Billion | 2.77% | 0.17x | $567.18 Million |
| Anhui Gujing Distillery Co Ltd (200596) | $905.91 Million | -19.81% | 0.63x | $1.01 Billion |
About Jiangsu King's Luck Brewery Joint-Stock Co Ltd
Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd. engages in the research, development, and sale of liquor and wine in China. The company offers its products under the Guoyuan, Jinshiyuan, and Gaogou brands. It distributes its products to dealers; and directly sells to group buying, supermarkets, hotels, and retail channels. In addition, the company engages in investment consulting; food productio… Read more