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China Resources Beer Holdings Co Ltd
Buy, Hold or Sell?

Let's analyse China Resources Beer Holdings Co Ltd together

PenkeI guess you are interested in China Resources Beer Holdings Co Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of China Resources Beer Holdings Co Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of China Resources Beer Holdings Co Ltd (30 sec.)










What can you expect buying and holding a share of China Resources Beer Holdings Co Ltd? (30 sec.)

How much money do you get?

How much money do you get?
$0.33
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
$1.57
Expected worth in 1 year
$3.24
How sure are you?
80.0%

+ What do you gain per year?

Total Gains per Share
$1.99
Return On Investment
41.6%

For what price can you sell your share?

Current Price per Share
$4.80
Expected price per share
$4.8 - $4.8
How sure are you?
50%

1. Valuation of China Resources Beer Holdings Co Ltd (5 min.)




Live pricePrice per Share (EOD)

$4.80

Intrinsic Value Per Share

$-0.29 - $1.05

Total Value Per Share

$1.28 - $2.62

2. Growth of China Resources Beer Holdings Co Ltd (5 min.)




Is China Resources Beer Holdings Co Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$5b$3.7b$1.3b26.6%

How much money is China Resources Beer Holdings Co Ltd making?

Current yearPrevious yearGrowGrow %
Making money$711.6m$599.9m$111.7m15.7%
Net Profit Margin13.2%12.3%--

How much money comes from the company's main activities?

3. Financial Health of China Resources Beer Holdings Co Ltd (5 min.)




What can you expect buying and holding a share of China Resources Beer Holdings Co Ltd? (5 min.)

Welcome investor! China Resources Beer Holdings Co Ltd's management wants to use your money to grow the business. In return you get a share of China Resources Beer Holdings Co Ltd.

What can you expect buying and holding a share of China Resources Beer Holdings Co Ltd?

First you should know what it really means to hold a share of China Resources Beer Holdings Co Ltd. And how you can make/lose money.

Speculation

The Price per Share of China Resources Beer Holdings Co Ltd is $4.8. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of China Resources Beer Holdings Co Ltd.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in China Resources Beer Holdings Co Ltd, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $1.57. Based on the TTM, the Book Value Change Per Share is $0.42 per quarter. Based on the YOY, the Book Value Change Per Share is $0.11 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.08 per quarter.
Based on historical numbers we can estimate the returns while holding a share of China Resources Beer Holdings Co Ltd.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.224.6%0.224.6%0.183.9%0.153.1%0.071.4%
Usd Book Value Change Per Share0.428.7%0.428.7%0.112.3%0.153.2%-0.04-0.9%
Usd Dividend Per Share0.081.7%0.081.7%0.071.5%0.051.1%0.081.7%
Usd Total Gains Per Share0.5010.4%0.5010.4%0.183.8%0.204.2%0.040.9%
Usd Price Per Share6.40-6.40-6.97-7.24-4.98-
Price to Earnings Ratio29.18-29.18-37.67-61.80-23.10-
Price-to-Total Gains Ratio12.83-12.83-37.81-58.72-40.07-
Price to Book Ratio4.08-4.08-6.04-6.92-5.00-
Price-to-Total Gains Ratio12.83-12.83-37.81-58.72-40.07-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share4.8
Number of shares208
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.080.05
Usd Book Value Change Per Share0.420.15
Usd Total Gains Per Share0.500.20
Gains per Quarter (208 shares)103.7242.41
Gains per Year (208 shares)414.88169.64
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
16834740542127160
213569482085255330
320310421235127382500
427113891650169509670
533817362065212636840
6406208324802547641010
7474243028952968911180
85412778331033910181350
96093125372538111461520
106773472414042412731690

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.02.00.080.0%20.02.00.090.9%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.02.00.080.0%20.02.00.090.9%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%21.00.01.095.5%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.02.00.080.0%20.02.00.090.9%

Fundamentals of China Resources Beer Holdings Co Ltd

About China Resources Beer Holdings Co Ltd

China Resources Beer (Holdings) Company Limited, an investment holding company, manufactures, distributes, and sells beer products in Mainland China. The company offers its products under the Nong Li, Snow, and Jinsha brands. The company was formerly known as China Resources Enterprise, Limited and changed its name to China Resources Beer (Holdings) Company Limited in October 2015. The company was incorporated in 1965 and is based in Wan Chai, Hong Kong. China Resources Beer (Holdings) Company Limited operates as a subsidiary of CRH (Beer) Limited.

Fundamental data was last updated by Penke on 2024-05-11 06:25:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is overpriced.

1.1. Profitability of China Resources Beer Holdings Co Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit China Resources Beer Holdings Co Ltd earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare China Resources Beer Holdings Co Ltd to the Beverages - Brewers industry mean.
  • A Net Profit Margin of 13.2% means that $0.13 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of China Resources Beer Holdings Co Ltd:

  • The MRQ is 13.2%. The company is making a huge profit. +2
  • The TTM is 13.2%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ13.2%TTM13.2%0.0%
TTM13.2%YOY12.3%+0.9%
TTM13.2%5Y10.0%+3.3%
5Y10.0%10Y4.8%+5.2%
1.1.2. Return on Assets

Shows how efficient China Resources Beer Holdings Co Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare China Resources Beer Holdings Co Ltd to the Beverages - Brewers industry mean.
  • 7.2% Return on Assets means that China Resources Beer Holdings Co Ltd generated $0.07 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of China Resources Beer Holdings Co Ltd:

  • The MRQ is 7.2%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 7.2%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ7.2%TTM7.2%0.0%
TTM7.2%YOY7.6%-0.4%
TTM7.2%5Y6.3%+0.9%
5Y6.3%10Y3.1%+3.3%
1.1.3. Return on Equity

Shows how efficient China Resources Beer Holdings Co Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare China Resources Beer Holdings Co Ltd to the Beverages - Brewers industry mean.
  • 17.0% Return on Equity means China Resources Beer Holdings Co Ltd generated $0.17 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of China Resources Beer Holdings Co Ltd:

  • The MRQ is 17.0%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 17.0%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ17.0%TTM17.0%0.0%
TTM17.0%YOY16.1%+0.9%
TTM17.0%5Y13.7%+3.3%
5Y13.7%10Y5.0%+8.7%

1.2. Operating Efficiency of China Resources Beer Holdings Co Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient China Resources Beer Holdings Co Ltd is operating .

  • Measures how much profit China Resources Beer Holdings Co Ltd makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare China Resources Beer Holdings Co Ltd to the Beverages - Brewers industry mean.
  • An Operating Margin of 12.4% means the company generated $0.12  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of China Resources Beer Holdings Co Ltd:

  • The MRQ is 12.4%. The company is operating less efficient.
  • The TTM is 12.4%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ12.4%TTM12.4%0.0%
TTM12.4%YOY14.7%-2.3%
TTM12.4%5Y11.2%+1.2%
5Y11.2%10Y8.1%+3.1%
1.2.2. Operating Ratio

Measures how efficient China Resources Beer Holdings Co Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Beverages - Brewers industry mean).
  • An Operation Ratio of 0.88 means that the operating costs are $0.88 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of China Resources Beer Holdings Co Ltd:

  • The MRQ is 0.876. The company is less efficient in keeping operating costs low.
  • The TTM is 0.876. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.876TTM0.8760.000
TTM0.876YOY0.872+0.004
TTM0.8765Y0.900-0.024
5Y0.90010Y0.937-0.037

1.3. Liquidity of China Resources Beer Holdings Co Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if China Resources Beer Holdings Co Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Beverages - Brewers industry mean).
  • A Current Ratio of 0.70 means the company has $0.70 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of China Resources Beer Holdings Co Ltd:

  • The MRQ is 0.704. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.704. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.704TTM0.7040.000
TTM0.704YOY0.882-0.179
TTM0.7045Y0.702+0.001
5Y0.70210Y0.634+0.069
1.3.2. Quick Ratio

Measures if China Resources Beer Holdings Co Ltd is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare China Resources Beer Holdings Co Ltd to the Beverages - Brewers industry mean.
  • A Quick Ratio of 0.30 means the company can pay off $0.30 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of China Resources Beer Holdings Co Ltd:

  • The MRQ is 0.304. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.304. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.304TTM0.3040.000
TTM0.304YOY0.571-0.268
TTM0.3045Y0.370-0.066
5Y0.37010Y0.307+0.062

1.4. Solvency of China Resources Beer Holdings Co Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of China Resources Beer Holdings Co Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare China Resources Beer Holdings Co Ltd to Beverages - Brewers industry mean.
  • A Debt to Asset Ratio of 0.48 means that China Resources Beer Holdings Co Ltd assets are financed with 48.4% credit (debt) and the remaining percentage (100% - 48.4%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of China Resources Beer Holdings Co Ltd:

  • The MRQ is 0.484. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.484. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.484TTM0.4840.000
TTM0.484YOY0.528-0.043
TTM0.4845Y0.514-0.030
5Y0.51410Y0.539-0.024
1.4.2. Debt to Equity Ratio

Measures if China Resources Beer Holdings Co Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare China Resources Beer Holdings Co Ltd to the Beverages - Brewers industry mean.
  • A Debt to Equity ratio of 114.4% means that company has $1.14 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of China Resources Beer Holdings Co Ltd:

  • The MRQ is 1.144. The company is able to pay all its debts with equity. +1
  • The TTM is 1.144. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.144TTM1.1440.000
TTM1.144YOY1.118+0.025
TTM1.1445Y1.104+0.039
5Y1.10410Y1.385-0.280

2. Market Valuation of China Resources Beer Holdings Co Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings China Resources Beer Holdings Co Ltd generates.

  • Above 15 is considered overpriced but always compare China Resources Beer Holdings Co Ltd to the Beverages - Brewers industry mean.
  • A PE ratio of 29.18 means the investor is paying $29.18 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of China Resources Beer Holdings Co Ltd:

  • The EOD is 21.882. Based on the earnings, the company is fair priced.
  • The MRQ is 29.176. Based on the earnings, the company is overpriced. -1
  • The TTM is 29.176. Based on the earnings, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD21.882MRQ29.176-7.294
MRQ29.176TTM29.1760.000
TTM29.176YOY37.665-8.489
TTM29.1765Y61.800-32.623
5Y61.80010Y23.096+38.703
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of China Resources Beer Holdings Co Ltd:

  • The EOD is 66.643. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The MRQ is 88.857. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The TTM is 88.857. Based on how much money comes from the company's main activities, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD66.643MRQ88.857-22.214
MRQ88.857TTM88.8570.000
TTM88.857YOY31.556+57.301
TTM88.8575Y57.427+31.430
5Y57.42710Y23.193+34.234
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of China Resources Beer Holdings Co Ltd is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Beverages - Brewers industry mean).
  • A PB ratio of 4.08 means the investor is paying $4.08 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of China Resources Beer Holdings Co Ltd:

  • The EOD is 3.057. Based on the equity, the company is fair priced.
  • The MRQ is 4.077. Based on the equity, the company is fair priced.
  • The TTM is 4.077. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD3.057MRQ4.077-1.019
MRQ4.077TTM4.0770.000
TTM4.077YOY6.043-1.966
TTM4.0775Y6.921-2.845
5Y6.92110Y5.001+1.920
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of China Resources Beer Holdings Co Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.4170.4170%0.110+279%0.153+173%-0.041+110%
Book Value Per Share--1.5701.5700%1.153+36%1.102+42%1.105+42%
Current Ratio--0.7040.7040%0.882-20%0.702+0%0.634+11%
Debt To Asset Ratio--0.4840.4840%0.528-8%0.514-6%0.539-10%
Debt To Equity Ratio--1.1441.1440%1.118+2%1.104+4%1.385-17%
Dividend Per Share--0.0810.0810%0.074+10%0.051+60%0.083-2%
Eps--0.2190.2190%0.185+19%0.149+47%0.068+222%
Free Cash Flow Per Share--0.0720.0720%0.221-67%0.140-49%0.085-15%
Free Cash Flow To Equity Per Share--0.1210.1210%0.186-35%0.114+7%-0.047+139%
Gross Profit Margin---0.565-0.5650%-0.554-2%-1.406+149%19.822-103%
Intrinsic Value_10Y_max--1.047--------
Intrinsic Value_10Y_min---0.288--------
Intrinsic Value_1Y_max--0.139--------
Intrinsic Value_1Y_min--0.057--------
Intrinsic Value_3Y_max--0.391--------
Intrinsic Value_3Y_min--0.098--------
Intrinsic Value_5Y_max--0.612--------
Intrinsic Value_5Y_min--0.058--------
Market Cap15571200000.000-33%20762732192.00020762732192.0000%22595692143.325-8%23491084969.105-12%16146532222.088+29%
Net Profit Margin--0.1320.1320%0.123+7%0.100+33%0.048+178%
Operating Margin--0.1240.1240%0.147-16%0.112+10%0.081+52%
Operating Ratio--0.8760.8760%0.872+0%0.900-3%0.937-6%
Pb Ratio3.057-33%4.0774.0770%6.043-33%6.921-41%5.001-18%
Pe Ratio21.882-33%29.17629.1760%37.665-23%61.800-53%23.096+26%
Price Per Share4.800-33%6.4006.4000%6.965-8%7.241-12%4.977+29%
Price To Free Cash Flow Ratio66.643-33%88.85788.8570%31.556+182%57.427+55%23.193+283%
Price To Total Gains Ratio9.626-33%12.83512.8350%37.813-66%58.720-78%40.069-68%
Quick Ratio--0.3040.3040%0.571-47%0.370-18%0.307-1%
Return On Assets--0.0720.0720%0.076-5%0.063+14%0.031+135%
Return On Equity--0.1700.1700%0.161+6%0.137+24%0.050+241%
Total Gains Per Share--0.4990.4990%0.184+171%0.204+145%0.041+1104%
Usd Book Value--5093128000.0005093128000.0000%3739333700.000+36%3575326140.000+42%3583589166.816+42%
Usd Book Value Change Per Share--0.4170.4170%0.110+279%0.153+173%-0.041+110%
Usd Book Value Per Share--1.5701.5700%1.153+36%1.102+42%1.105+42%
Usd Dividend Per Share--0.0810.0810%0.074+10%0.051+60%0.083-2%
Usd Eps--0.2190.2190%0.185+19%0.149+47%0.068+222%
Usd Free Cash Flow--233665200.000233665200.0000%716048500.000-67%454128040.000-49%275548767.557-15%
Usd Free Cash Flow Per Share--0.0720.0720%0.221-67%0.140-49%0.085-15%
Usd Free Cash Flow To Equity Per Share--0.1210.1210%0.186-35%0.114+7%-0.047+139%
Usd Market Cap15571200000.000-33%20762732192.00020762732192.0000%22595692143.325-8%23491084969.105-12%16146532222.088+29%
Usd Price Per Share4.800-33%6.4006.4000%6.965-8%7.241-12%4.977+29%
Usd Profit--711629300.000711629300.0000%599906400.000+19%483073800.000+47%231965545.401+207%
Usd Revenue--5376509200.0005376509200.0000%4869820300.000+10%4756716400.000+13%5892752780.522-9%
Usd Total Gains Per Share--0.4990.4990%0.184+171%0.204+145%0.041+1104%
 EOD+4 -4MRQTTM+0 -0YOY+19 -175Y+26 -1010Y+24 -12

3.2. Fundamental Score

Let's check the fundamental score of China Resources Beer Holdings Co Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1521.882
Price to Book Ratio (EOD)Between0-13.057
Net Profit Margin (MRQ)Greater than00.132
Operating Margin (MRQ)Greater than00.124
Quick Ratio (MRQ)Greater than10.304
Current Ratio (MRQ)Greater than10.704
Debt to Asset Ratio (MRQ)Less than10.484
Debt to Equity Ratio (MRQ)Less than11.144
Return on Equity (MRQ)Greater than0.150.170
Return on Assets (MRQ)Greater than0.050.072
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of China Resources Beer Holdings Co Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than500.001
Ma 20Greater thanMa 504.800
Ma 50Greater thanMa 1004.896
Ma 100Greater thanMa 2005.648
OpenGreater thanClose4.800
Total0/5 (0.0%)



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in CNY. All numbers in thousands.

Summary
Total Assets71,524,000
Total Liabilities34,644,000
Total Stockholder Equity30,295,000
 As reported
Total Liabilities 34,644,000
Total Stockholder Equity+ 30,295,000
Total Assets = 71,524,000

Assets

Total Assets71,524,000
Total Current Assets17,141,000
Long-term Assets54,383,000
Total Current Assets
Cash And Cash Equivalents 5,520,000
Net Receivables 1,876,000
Inventory 9,502,000
Other Current Assets 243,000
Total Current Assets  (as reported)17,141,000
Total Current Assets  (calculated)17,141,000
+/-0
Long-term Assets
Property Plant Equipment 19,673,000
Goodwill 16,806,000
Intangible Assets 8,991,000
Long-term Assets Other 150,000
Long-term Assets  (as reported)54,383,000
Long-term Assets  (calculated)45,620,000
+/- 8,763,000

Liabilities & Shareholders' Equity

Total Current Liabilities24,364,000
Long-term Liabilities10,280,000
Total Stockholder Equity30,295,000
Total Current Liabilities
Short-term Debt 1,015,000
Short Long Term Debt 931,000
Accounts payable 2,959,000
Other Current Liabilities 12,494,000
Total Current Liabilities  (as reported)24,364,000
Total Current Liabilities  (calculated)17,399,000
+/- 6,965,000
Long-term Liabilities
Long term Debt 4,181,000
Capital Lease Obligations 173,000
Long-term Liabilities Other 302,000
Long-term Liabilities  (as reported)10,280,000
Long-term Liabilities  (calculated)4,656,000
+/- 5,624,000
Total Stockholder Equity
Common Stock14,090,000
Retained Earnings 18,584,000
Accumulated Other Comprehensive Income -2,379,000
Total Stockholder Equity (as reported)30,295,000
Total Stockholder Equity (calculated)30,295,000
+/-0
Other
Capital Stock14,090,000
Cash and Short Term Investments 5,520,000
Common Stock Shares Outstanding 3,244,177
Current Deferred Revenue7,896,000
Liabilities and Stockholders Equity 71,524,000
Net Debt -235,000
Net Invested Capital 35,407,000
Net Working Capital -7,223,000
Property Plant and Equipment Gross 35,968,000
Short Long Term Debt Total 5,285,000



Balance Sheet

Currency in CNY. All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-31
> Total Assets 
29,895,399
33,386,302
41,915,222
47,321,954
47,882,957
56,855,094
61,509,400
66,444,868
76,190,619
91,979,341
102,652,481
121,343,890
145,025,971
42,747,399
42,630,000
40,651,000
39,271,000
41,591,000
43,775,000
51,053,000
57,313,000
71,524,000
71,524,00057,313,00051,053,00043,775,00041,591,00039,271,00040,651,00042,630,00042,747,399145,025,971121,343,890102,652,48191,979,34176,190,61966,444,86861,509,40056,855,09447,882,95747,321,95441,915,22233,386,30229,895,399
   > Total Current Assets 
7,781,987
13,123,565
15,710,554
19,486,131
19,376,183
21,343,963
21,744,938
23,269,395
31,378,924
41,125,203
41,473,090
49,413,044
52,165,337
11,030,803
11,028,000
9,386,000
8,450,000
9,775,000
13,377,000
15,897,000
20,878,000
17,141,000
17,141,00020,878,00015,897,00013,377,0009,775,0008,450,0009,386,00011,028,00011,030,80352,165,33749,413,04441,473,09041,125,20331,378,92423,269,39521,744,93821,343,96319,376,18319,486,13115,710,55413,123,5657,781,987
       Cash And Cash Equivalents 
4,152,039
4,033,811
5,112,408
6,941,242
7,075,054
7,873,771
6,670,702
7,508,472
11,991,658
14,775,096
12,887,118
16,565,826
16,510,174
2,801,035
3,487,000
2,361,000
1,858,000
2,340,000
4,538,000
5,376,000
10,208,000
5,520,000
5,520,00010,208,0005,376,0004,538,0002,340,0001,858,0002,361,0003,487,0002,801,03516,510,17416,565,82612,887,11814,775,09611,991,6587,508,4726,670,7027,873,7717,075,0546,941,2425,112,4084,033,8114,152,039
       Short-term Investments 
0
0
0
72,755
163,440
0
62,516
-7,921,402
-8,744,681
-9,336,410
0
329
-252
49
0
0
0
0
0
400,000
220,000
0
0220,000400,0000000049-2523290-9,336,410-8,744,681-7,921,40262,5160163,44072,755000
       Net Receivables 
0
4,497,227
0
0
0
4,928,484
4,974,850
5,639,278
5,991,994
9,502,322
11,167,226
12,254,804
13,363,589
1,620,330
1,328,000
959,000
973,000
1,144,000
2,614,000
3,373,000
2,873,000
1,876,000
1,876,0002,873,0003,373,0002,614,0001,144,000973,000959,0001,328,0001,620,33013,363,58912,254,80411,167,2269,502,3225,991,9945,639,2784,974,8504,928,4840004,497,2270
       Inventory 
3,594,239
4,588,844
5,401,344
6,737,961
6,743,160
8,506,109
10,018,380
9,802,042
13,316,868
16,765,234
17,103,916
19,551,581
22,142,041
6,484,669
6,110,000
5,826,000
5,379,000
6,018,000
6,014,000
6,458,000
7,402,000
9,502,000
9,502,0007,402,0006,458,0006,014,0006,018,0005,379,0005,826,0006,110,0006,484,66922,142,04119,551,58117,103,91616,765,23413,316,8689,802,04210,018,3808,506,1096,743,1606,737,9615,401,3444,588,8443,594,239
       Other Current Assets 
35,709
3,683
0
0
0
35,598
18,491
319,603
78,405
82,551
314,831
1,040,834
149,533
124,770
103,000
161,000
173,000
205,000
135,000
288,000
172,000
243,000
243,000172,000288,000135,000205,000173,000161,000103,000124,770149,5331,040,834314,83182,55178,405319,60318,49135,5980003,68335,709
   > Long-term Assets 
18,372,109
20,262,737
26,204,667
27,835,823
28,506,774
35,511,131
39,764,462
43,175,473
44,811,695
50,854,137
61,179,391
71,930,846
92,860,634
31,716,595
31,602,000
31,265,000
30,821,000
31,816,000
30,398,000
35,156,000
36,435,000
54,383,000
54,383,00036,435,00035,156,00030,398,00031,816,00030,821,00031,265,00031,602,00031,716,59592,860,63471,930,84661,179,39150,854,13744,811,69543,175,47339,764,46235,511,13128,506,77427,835,82326,204,66720,262,73718,372,109
       Property Plant Equipment 
14,242,064
15,801,961
20,471,675
21,708,660
23,102,218
27,987,721
25,270,478
25,937,156
26,878,324
31,612,359
35,618,530
41,543,496
53,539,919
21,379,142
20,900,000
20,449,000
19,632,000
19,413,000
17,781,000
17,096,000
17,334,000
19,673,000
19,673,00017,334,00017,096,00017,781,00019,413,00019,632,00020,449,00020,900,00021,379,14253,539,91941,543,49635,618,53031,612,35926,878,32425,937,15625,270,47827,987,72123,102,21821,708,66020,471,67515,801,96114,242,064
       Goodwill 
0
0
0
3,209,941
3,490,400
5,745,371
5,622,021
8,122,145
8,227,380
8,704,325
12,036,029
15,181,173
18,274,980
8,321,880
8,422,000
8,318,000
8,390,000
9,365,000
9,326,000
9,250,000
9,385,000
16,806,000
16,806,0009,385,0009,250,0009,326,0009,365,0008,390,0008,318,0008,422,0008,321,88018,274,98015,181,17312,036,0298,704,3258,227,3808,122,1455,622,0215,745,3713,490,4003,209,941000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
1,415,000
10,000
9,000
9,000
9,000
9,000
0
0
0
0
00009,0009,0009,0009,00010,0001,415,000000000000000
       Intangible Assets 
1,231,684
1,650,795
2,693,815
235,873
113,305
75,880
59,874
83,643
186,637
250,892
237,532
439,151
407,817
194,272
171,000
147,000
124,000
384,000
320,000
255,000
203,000
8,991,000
8,991,000203,000255,000320,000384,000124,000147,000171,000194,272407,817439,151237,532250,892186,63783,64359,87475,880113,305235,8732,693,8151,650,7951,231,684
       Other Assets 
3,741,304
0
0
0
0
0
0
0
0
0
0
0
35,047,000
4,947,000
5,424,000
5,595,000
5,807,000
2,645,000
2,964,000
3,561,000
0
0
003,561,0002,964,0002,645,0005,807,0005,595,0005,424,0004,947,00035,047,000000000000003,741,304
> Total Liabilities 
12,672,548
14,939,185
19,975,254
23,439,409
22,850,540
28,597,575
31,133,757
35,238,222
41,003,101
52,336,827
59,345,966
74,763,446
89,352,611
23,437,422
24,963,000
22,166,000
20,361,000
21,864,000
22,501,000
26,564,000
30,236,000
34,644,000
34,644,00030,236,00026,564,00022,501,00021,864,00020,361,00022,166,00024,963,00023,437,42289,352,61174,763,44659,345,96652,336,82741,003,10135,238,22231,133,75728,597,57522,850,54023,439,40919,975,25414,939,18512,672,548
   > Total Current Liabilities 
8,944,393
10,159,161
12,486,201
17,441,711
17,974,408
20,404,356
22,206,322
25,813,013
31,956,733
43,053,832
46,849,366
57,581,872
69,052,142
18,740,559
20,805,000
19,195,000
18,370,000
19,856,000
19,572,000
21,170,000
23,667,000
24,364,000
24,364,00023,667,00021,170,00019,572,00019,856,00018,370,00019,195,00020,805,00018,740,55969,052,14257,581,87246,849,36643,053,83231,956,73325,813,01322,206,32220,404,35617,974,40817,441,71112,486,20110,159,1618,944,393
       Short-term Debt 
2,418,010
2,621,307
3,177,009
5,468,851
167,451
4,635,267
4,829,567
2,926,613
3,537,586
5,739,756
3,521,915
2,623,183
7,216,754
1,776,920
4,314,000
2,383,000
704,000
601,000
83,000
71,000
565,000
1,015,000
1,015,000565,00071,00083,000601,000704,0002,383,0004,314,0001,776,9207,216,7542,623,1833,521,9155,739,7563,537,5862,926,6134,829,5674,635,267167,4515,468,8513,177,0092,621,3072,418,010
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
28,897,000
1,508,000
51,071
2,383,000
701,000
511,000
0
0
512,000
931,000
931,000512,00000511,000701,0002,383,00051,0711,508,00028,897,000000000000000
       Accounts payable 
6,404,226
7,372,144
9,115,158
11,729,356
12,587,901
15,750,353
16,995,497
22,117,767
27,676,859
36,813,912
16,335,761
20,177,488
21,504,728
1,500,585
1,583,000
1,616,000
2,340,000
2,713,000
2,337,000
3,108,000
3,441,000
2,959,000
2,959,0003,441,0003,108,0002,337,0002,713,0002,340,0001,616,0001,583,0001,500,58521,504,72820,177,48816,335,76136,813,91227,676,85922,117,76716,995,49715,750,35312,587,90111,729,3569,115,1587,372,1446,404,226
       Other Current Liabilities 
122,157
165,709
194,033
243,504
5,010,494
18,736
381,258
478,964
742,288
500,165
26,991,689
5,391,707
40,330,660
15,463,054
14,908,000
14,542,000
8,158,000
9,115,000
9,701,000
11,118,000
13,019,000
12,494,000
12,494,00013,019,00011,118,0009,701,0009,115,0008,158,00014,542,00014,908,00015,463,05440,330,6605,391,70726,991,689500,165742,288478,964381,25818,7365,010,494243,504194,033165,709122,157
   > Long-term Liabilities 
3,728,155
4,780,024
7,489,053
5,997,698
4,876,132
8,193,219
8,927,435
9,425,210
9,046,368
9,282,994
12,496,600
17,181,574
20,300,469
4,696,863
4,158,000
2,971,000
1,991,000
2,008,000
2,929,000
5,394,000
6,569,000
10,280,000
10,280,0006,569,0005,394,0002,929,0002,008,0001,991,0002,971,0004,158,0004,696,86320,300,46917,181,57412,496,6009,282,9949,046,3689,425,2108,927,4358,193,2194,876,1325,997,6987,489,0534,780,0243,728,155
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
5,515,000
859,000
1,205,000
1,884,000
1,982,000
1,884,000
2,812,000
5,334,000
5,922,000
0
05,922,0005,334,0002,812,0001,884,0001,982,0001,884,0001,205,000859,0005,515,000000000000000
> Total Stockholder Equity
13,731,278
14,332,767
16,813,645
18,941,339
19,192,689
21,425,464
22,152,612
22,756,973
26,264,722
29,422,317
32,805,185
34,438,945
38,980,068
10,051,069
17,601,000
18,421,000
18,848,000
19,670,000
21,217,000
24,432,000
27,039,000
30,295,000
30,295,00027,039,00024,432,00021,217,00019,670,00018,848,00018,421,00017,601,00010,051,06938,980,06834,438,94532,805,18529,422,31726,264,72222,756,97322,152,61221,425,46419,192,68918,941,33916,813,64514,332,76713,731,278
   Common Stock
0
0
0
0
0
0
2,103,525
2,109,557
2,043,636
1,941,578
1,933,269
1,877,721
12,586,339
5,035,164
14,090,000
14,090,000
14,090,000
14,090,000
14,090,000
14,090,000
14,090,000
14,090,000
14,090,00014,090,00014,090,00014,090,00014,090,00014,090,00014,090,00014,090,0005,035,16412,586,3391,877,7211,933,2691,941,5782,043,6362,109,5572,103,525000000
   Retained Earnings Total Equity0000000000000000000000
   Accumulated Other Comprehensive Income -2,379,000-2,393,000-2,425,000-2,330,000-2,344,000-2,345,000-2,333,000-2,467,000-2,369,0000000000000000
   Capital Surplus 0000000000000000000000
   Treasury Stock0000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
13,638,134
20,647,417
13,375,671
13,564,341
13,572,338
14,944,406
4,578,741
3,174,559
-2,467,000
4,331,000
4,758,000
5,580,000
7,127,000
10,342,000
12,949,000
16,205,000
16,205,00012,949,00010,342,0007,127,0005,580,0004,758,0004,331,000-2,467,0003,174,5594,578,74114,944,40613,572,33813,564,34113,375,67120,647,41713,638,134000000



Balance Sheet

Currency in CNY. All numbers in thousands.




Cash Flow

Currency in CNY. All numbers in thousands.




Income Statement

Currency in CNY. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue38,932,000
Cost of Revenue-22,829,000
Gross Profit16,103,00016,103,000
 
Operating Income (+$)
Gross Profit16,103,000
Operating Expense-11,285,000
Operating Income4,818,0004,818,000
 
Operating Expense (+$)
Research Development-
Selling General Administrative3,362,000
Selling And Marketing Expenses8,065,000
Operating Expense11,285,00011,427,000
 
Net Interest Income (+$)
Interest Income361,000
Interest Expense-182,000
Other Finance Cost-5,000
Net Interest Income174,000
 
Pretax Income (+$)
Operating Income4,818,000
Net Interest Income174,000
Other Non-Operating Income Expenses-
Income Before Tax (EBT)7,083,0002,553,000
EBIT - interestExpense = 4,636,000
7,017,000
5,335,000
Interest Expense182,000
Earnings Before Interest and Taxes (EBIT)4,818,0007,265,000
Earnings Before Interest and Taxes (EBITDA)7,095,000
 
After tax Income (+$)
Income Before Tax7,083,000
Tax Provision-1,864,000
Net Income From Continuing Ops5,214,0005,219,000
Net Income5,153,000
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses34,114,000
Total Other Income/Expenses Net2,265,000-174,000
 

Technical Analysis of China Resources Beer Holdings Co Ltd
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of China Resources Beer Holdings Co Ltd. The general trend of China Resources Beer Holdings Co Ltd is BEARISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine China Resources Beer Holdings Co Ltd's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-100.0%) Bearish trend (100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of China Resources Beer Holdings Co Ltd.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 4.8 < 4.8 < 4.8.

The bearish price targets are: 4.8 > 4.8 > 4.8.

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China Resources Beer Holdings Co Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of China Resources Beer Holdings Co Ltd. The current mas is .

The long score for the Moving Averages is 0/14.
The longshort score for the Moving Averages is -14/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

China Resources Beer Holdings Co Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of China Resources Beer Holdings Co Ltd. The current macd is -0.0423509.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the China Resources Beer Holdings Co Ltd price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for China Resources Beer Holdings Co Ltd. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the China Resources Beer Holdings Co Ltd price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1