Anhui Kouzi Distillery Co Ltd (603589) - Net Assets
Based on the latest financial reports, Anhui Kouzi Distillery Co Ltd (603589) has net assets worth CN¥10.73 Billion CNY (≈ $1.57 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¥12.96 Billion ≈ $1.90 Billion USD) and total liabilities (CN¥2.23 Billion ≈ $325.94 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 how tangible is Anhui Kouzi Distillery Co Ltd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥10.73 Billion |
| % of Total Assets | 82.81% |
| Annual Growth Rate | 16.37% |
| 5-Year Change | 26.09% |
| 10-Year Change | 145.26% |
| Growth Volatility | 14.53 |
Anhui Kouzi Distillery Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Anhui Kouzi Distillery Co Ltd's net assets have evolved over time, based on quarterly financial data. See Anhui Kouzi Distillery Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Anhui Kouzi Distillery Co Ltd (2011–2025)
The table below shows the annual net assets of Anhui Kouzi Distillery Co Ltd from 2011 to 2025. For live valuation and market cap data, see Anhui Kouzi Distillery Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥10.40 Billion ≈ $1.52 Billion |
-1.07% |
| 2024-12-31 | CN¥10.51 Billion ≈ $1.54 Billion |
+7.85% |
| 2023-12-31 | CN¥9.75 Billion ≈ $1.43 Billion |
+9.49% |
| 2022-12-31 | CN¥8.90 Billion ≈ $1.30 Billion |
+7.94% |
| 2021-12-31 | CN¥8.25 Billion ≈ $1.21 Billion |
+13.96% |
| 2020-12-31 | CN¥7.24 Billion ≈ $1.06 Billion |
+3.23% |
| 2019-12-31 | CN¥7.01 Billion ≈ $1.03 Billion |
+13.69% |
| 2018-12-31 | CN¥6.17 Billion ≈ $902.48 Million |
+21.29% |
| 2017-12-31 | CN¥5.08 Billion ≈ $744.06 Million |
+19.89% |
| 2016-12-31 | CN¥4.24 Billion ≈ $620.60 Million |
+15.64% |
| 2015-12-31 | CN¥3.67 Billion ≈ $536.69 Million |
+60.94% |
| 2014-12-31 | CN¥2.28 Billion ≈ $333.47 Million |
+15.99% |
| 2013-12-31 | CN¥1.96 Billion ≈ $287.50 Million |
+19.25% |
| 2012-12-31 | CN¥1.65 Billion ≈ $241.09 Million |
+32.27% |
| 2011-12-31 | CN¥1.25 Billion ≈ $182.26 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Anhui Kouzi 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 1528.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥8.59 Billion | 82.57% |
| Other Components | CN¥1.81 Billion | 17.43% |
| Total Equity | CN¥10.40 Billion | 100.00% |
Anhui Kouzi Distillery Co Ltd Competitors by Market Cap
The table below lists competitors of Anhui Kouzi Distillery Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nexa Resources SA
NYSE:NEXA
|
$1.76 Billion |
|
Zhewen Interactive Group Co Ltd
SHG:600986
|
$1.76 Billion |
|
Hunan Nanling Industrial Explosive Materials Co Ltd
SHE:002096
|
$1.76 Billion |
|
AlzChem Group AG
XETRA:ACT
|
$1.76 Billion |
|
OliX PharmaceuticalsInc
KQ:226950
|
$1.76 Billion |
|
Voyager Technologies, Inc.
NYSE:VOYG
|
$1.76 Billion |
|
Triputra Agro Persada Tbk PT
JK:TAPG
|
$1.76 Billion |
|
Topscore Fashion
SHG:603608
|
$1.76 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Anhui Kouzi Distillery Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,514,369,954 to 10,401,814,927, a change of -112,555,027 (-1.1%).
- Net income of 673,327,112 contributed positively to equity growth.
- Dividend payments of 775,730,128 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥673.33 Million | +6.47% |
| Dividends Paid | CN¥775.73 Million | -7.46% |
| Other Changes | CN¥-10.15 Million | -0.1% |
| Total Change | CN¥- | -1.07% |
Book Value vs Market Value Analysis
This analysis compares Anhui Kouzi 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: 1.16x
- 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 8.79x to 1.16x 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¥2.29 | CN¥20.14 | x |
| 2012-12-31 | CN¥3.04 | CN¥20.14 | x |
| 2013-12-31 | CN¥3.65 | CN¥20.14 | x |
| 2014-12-31 | CN¥4.21 | CN¥20.14 | x |
| 2015-12-31 | CN¥6.42 | CN¥20.14 | x |
| 2016-12-31 | CN¥7.09 | CN¥20.14 | x |
| 2017-12-31 | CN¥8.49 | CN¥20.14 | x |
| 2018-12-31 | CN¥10.26 | CN¥20.14 | x |
| 2019-12-31 | CN¥11.69 | CN¥20.14 | x |
| 2020-12-31 | CN¥12.09 | CN¥20.14 | x |
| 2021-12-31 | CN¥13.82 | CN¥20.14 | x |
| 2022-12-31 | CN¥14.92 | CN¥20.14 | x |
| 2023-12-31 | CN¥16.34 | CN¥20.14 | x |
| 2024-12-31 | CN¥17.62 | CN¥20.14 | x |
| 2025-12-31 | CN¥17.39 | CN¥20.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Anhui Kouzi 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): 6.47%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.87%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.22x
- Recent ROE (6.47%) is below the historical average (20.03%), 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 | 31.85% | 18.96% | 0.86x | 1.96x | CN¥272.13 Million |
| 2012 | 27.68% | 18.19% | 0.81x | 1.87x | CN¥291.22 Million |
| 2013 | 20.27% | 16.27% | 0.68x | 1.83x | CN¥201.70 Million |
| 2014 | 18.52% | 18.69% | 0.62x | 1.61x | CN¥194.26 Million |
| 2015 | 16.51% | 23.43% | 0.52x | 1.36x | CN¥238.64 Million |
| 2016 | 18.47% | 27.68% | 0.50x | 1.34x | CN¥359.36 Million |
| 2017 | 21.90% | 30.91% | 0.47x | 1.51x | CN¥605.19 Million |
| 2018 | 24.85% | 35.90% | 0.48x | 1.43x | CN¥915.92 Million |
| 2019 | 24.53% | 36.82% | 0.49x | 1.36x | CN¥1.02 Billion |
| 2020 | 17.62% | 31.80% | 0.41x | 1.35x | CN¥551.89 Million |
| 2021 | 20.94% | 34.35% | 0.46x | 1.34x | CN¥902.15 Million |
| 2022 | 17.41% | 30.19% | 0.45x | 1.30x | CN¥659.73 Million |
| 2023 | 17.66% | 28.87% | 0.48x | 1.29x | CN¥746.32 Million |
| 2024 | 15.74% | 27.52% | 0.44x | 1.30x | CN¥603.84 Million |
| 2025 | 6.47% | 16.87% | 0.31x | 1.22x | CN¥-366.85 Million |
Industry Comparison
This section compares Anhui Kouzi 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: $8,755,233,204
- Average return on equity (ROE) among peers: 20.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Anhui Kouzi Distillery Co Ltd (603589) | CN¥10.73 Billion | 31.85% | 0.21x | $1.76 Billion |
| Luzhou Lao Jiao Co Ltd (000568) | $9.79 Billion | 8.98% | 0.34x | $17.94 Billion |
| Anhui Gujing Distillery Co Ltd (000596) | $25.69 Billion | 21.47% | 0.58x | $5.08 Billion |
| Jiugui Liquor Co Ltd (000799) | $1.32 Billion | 4.41% | 0.38x | $1.82 Billion |
| Wuliangye Yibin Co Ltd (000858) | $225.97 Million | 96.00% | 2.36x | $44.49 Billion |
| Beijing Shunxin Agriculture Co Ltd (000860) | $2.55 Billion | 6.31% | 2.15x | $1.13 Billion |
| Yantai Changyu Pioneer Wine Co Ltd (000869) | $6.06 Billion | 28.07% | 0.34x | $1.16 Billion |
| Jiangsu Yanghe Brewery Joint-Stock Co Ltd (002304) | $38.47 Billion | 19.45% | 0.40x | $9.43 Billion |
| Shanghai Bairun Flavor & Fragrance Co Ltd (002568) | $70.09 Million | 27.93% | 0.68x | $2.99 Billion |
| Qinghai Huzhu Barley Wine Co Ltd (002646) | $2.46 Billion | 8.77% | 0.28x | $479.54 Million |
| Anhui Gujing Distillery Co Ltd (200596) | $905.91 Million | -19.81% | 0.63x | $837.15 Million |
About Anhui Kouzi Distillery Co Ltd
Anhui Kouzi Distillery Co., Ltd. engages in the production and sale of liquor primarily in China. It offers its products under the Kouzijiao, Laokouzi, Kouzifang, and Kouzijiu brand names. The company was founded in 1949 and is based in Huaibei, China.