Jinhui Liquor Co Ltd
JINHUI LIQUOR Co., Ltd. produces and sells liquor in China. The company also engages in the food production and sale; paper product manufacturing; graphic design; and recycled resource sales businesses. It sells its products through dealers, direct sales, and online sales channel. The company was incorporated in 2009 and is based in Longnan, China.
Jinhui Liquor Co Ltd (603919) - Net Assets
Latest net assets as of September 2025: CN¥3.38 Billion CNY
Based on the latest financial reports, Jinhui Liquor Co Ltd (603919) has net assets worth CN¥3.38 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¥4.93 Billion) and total liabilities (CN¥1.55 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¥3.38 Billion |
| % of Total Assets | 68.54% |
| Annual Growth Rate | 26.34% |
| 5-Year Change | 19.25% |
| 10-Year Change | 331.31% |
| Growth Volatility | 53.9 |
Jinhui Liquor Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Jinhui Liquor 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 Jinhui Liquor Co Ltd (2011–2024)
The table below shows the annual net assets of Jinhui Liquor Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.31 Billion | -0.29% |
| 2023-12-31 | CN¥3.32 Billion | +5.45% |
| 2022-12-31 | CN¥3.15 Billion | +5.68% |
| 2021-12-31 | CN¥2.98 Billion | +7.32% |
| 2020-12-31 | CN¥2.78 Billion | +9.32% |
| 2019-12-31 | CN¥2.54 Billion | +27.15% |
| 2018-12-31 | CN¥2.00 Billion | +9.37% |
| 2017-12-31 | CN¥1.83 Billion | +11.32% |
| 2016-12-31 | CN¥1.64 Billion | +113.71% |
| 2015-12-31 | CN¥768.17 Million | +20.00% |
| 2014-12-31 | CN¥640.16 Million | +16.82% |
| 2013-12-31 | CN¥548.00 Million | +17.86% |
| 2012-12-31 | CN¥464.95 Million | +193.34% |
| 2011-12-31 | CN¥158.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Jinhui Liquor 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 3761.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.89 Billion | 56.71% |
| Common Stock | CN¥507.26 Million | 15.26% |
| Other Components | CN¥931.68 Million | 28.03% |
| Total Equity | CN¥3.32 Billion | 100.00% |
Jinhui Liquor Co Ltd Competitors by Market Cap
The table below lists competitors of Jinhui Liquor Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nuvoton Technology Corp
TW:4919
|
$477.41 Million |
|
Happinet Corporation
PINK:HAPYF
|
$477.57 Million |
|
AmRest Holdings SE
OTCGREY:ARHOF
|
$477.90 Million |
|
BayWa Aktiengesellschaft
F:BYW
|
$478.06 Million |
|
Enaex S.A
SN:ENAEX
|
$477.00 Million |
|
Bright Minds Biosciences Inc
NASDAQ:DRUG
|
$476.95 Million |
|
Rogers Sugar Inc
PINK:RSGUF
|
$476.94 Million |
|
Shen Ma Industry Co Ltd
SHG:600810
|
$476.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jinhui Liquor Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,326,014,810 to 3,324,129,732, a change of -1,885,078 (-0.1%).
- Net income of 388,148,490 contributed positively to equity growth.
- Dividend payments of 197,167,099 reduced retained earnings.
- Share repurchases of 192,806,177 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥388.15 Million | +11.68% |
| Dividends Paid | CN¥197.17 Million | -5.93% |
| Share Repurchases | CN¥192.81 Million | -5.8% |
| Other Changes | CN¥-60.29K | -0.0% |
| Total Change | CN¥- | -0.06% |
Book Value vs Market Value Analysis
This analysis compares Jinhui Liquor 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: 2.94x
- 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 38.00x to 2.94x 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¥0.51 | CN¥19.42 | x |
| 2012-12-31 | CN¥1.50 | CN¥19.42 | x |
| 2013-12-31 | CN¥1.55 | CN¥19.42 | x |
| 2014-12-31 | CN¥1.79 | CN¥19.42 | x |
| 2015-12-31 | CN¥2.17 | CN¥19.42 | x |
| 2016-12-31 | CN¥3.70 | CN¥19.42 | x |
| 2017-12-31 | CN¥3.83 | CN¥19.42 | x |
| 2018-12-31 | CN¥4.22 | CN¥19.42 | x |
| 2019-12-31 | CN¥5.01 | CN¥19.42 | x |
| 2020-12-31 | CN¥5.48 | CN¥19.42 | x |
| 2021-12-31 | CN¥5.88 | CN¥19.42 | x |
| 2022-12-31 | CN¥6.21 | CN¥19.42 | x |
| 2023-12-31 | CN¥6.57 | CN¥19.42 | x |
| 2024-12-31 | CN¥6.59 | CN¥19.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jinhui Liquor 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): 11.68%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.85%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.39x
- Recent ROE (11.68%) is below the historical average (17.27%), 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 | 53.85% | 12.44% | 0.84x | 5.13x | CN¥69.50 Million |
| 2012 | 22.89% | 10.91% | 0.78x | 2.67x | CN¥59.95 Million |
| 2013 | 19.79% | 9.92% | 0.91x | 2.20x | CN¥53.65 Million |
| 2014 | 19.48% | 12.31% | 0.65x | 2.43x | CN¥60.70 Million |
| 2015 | 21.58% | 14.02% | 0.64x | 2.41x | CN¥88.99 Million |
| 2016 | 13.51% | 17.37% | 0.57x | 1.38x | CN¥57.70 Million |
| 2017 | 13.84% | 18.98% | 0.57x | 1.28x | CN¥70.22 Million |
| 2018 | 12.94% | 17.68% | 0.54x | 1.35x | CN¥58.75 Million |
| 2019 | 10.65% | 16.56% | 0.51x | 1.25x | CN¥16.47 Million |
| 2020 | 11.93% | 19.14% | 0.49x | 1.27x | CN¥53.49 Million |
| 2021 | 10.90% | 18.16% | 0.47x | 1.27x | CN¥26.71 Million |
| 2022 | 8.90% | 13.93% | 0.49x | 1.30x | CN¥-34.76 Million |
| 2023 | 9.89% | 12.91% | 0.58x | 1.32x | CN¥-3.74 Million |
| 2024 | 11.68% | 12.85% | 0.66x | 1.39x | CN¥55.74 Million |
Industry Comparison
This section compares Jinhui Liquor 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 |
|---|---|---|---|---|
| Jinhui Liquor Co Ltd (603919) | CN¥3.38 Billion | 53.85% | 0.46x | $477.07 Million |
| 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 |