China Merchants Securities Co. Ltd (195H) - Net Assets
Based on the latest financial reports, China Merchants Securities Co. Ltd (195H) has net assets worth €131.47 Billion EUR (≈ $153.71 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€672.86 Billion ≈ $786.64 Billion USD) and total liabilities (€541.39 Billion ≈ $632.94 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. Read 195H total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €131.47 Billion |
| % of Total Assets | 19.54% |
| Annual Growth Rate | 7.34% |
| 5-Year Change | 23.08% |
| 10-Year Change | N/A |
| Growth Volatility | 7.07 |
China Merchants Securities Co. Ltd - Net Assets Trend (2017–2024)
This chart illustrates how China Merchants Securities Co. Ltd's net assets have evolved over time, based on quarterly financial data. Also explore China Merchants Securities Co. Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for China Merchants Securities Co. Ltd (2017–2024)
The table below shows the annual net assets of China Merchants Securities Co. Ltd from 2017 to 2024. For live valuation and market cap data, see China Merchants Securities Co. Ltd (195H) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €130.25 Billion ≈ $152.28 Billion |
+6.73% |
| 2023-12-31 | €122.04 Billion ≈ $142.67 Billion |
+5.90% |
| 2022-12-31 | €115.24 Billion ≈ $134.73 Billion |
+2.35% |
| 2021-12-31 | €112.59 Billion ≈ $131.63 Billion |
+6.39% |
| 2020-12-31 | €105.82 Billion ≈ $123.72 Billion |
+24.31% |
| 2019-12-31 | €85.13 Billion ≈ $99.52 Billion |
+5.37% |
| 2018-12-31 | €80.79 Billion ≈ $94.45 Billion |
+1.84% |
| 2017-12-31 | €79.33 Billion ≈ $92.75 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to China Merchants Securities 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 28.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €38.35 Billion | 29.46% |
| Other Components | €91.83 Billion | 70.54% |
| Total Equity | €130.18 Billion | 100.00% |
China Merchants Securities Co. Ltd Competitors by Market Cap
The table below lists competitors of China Merchants Securities Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mtar Technologies Limited
NSE:MTARTECH
|
$2.15 Billion |
|
Triumph Science & Technology Co Ltd
SHG:600552
|
$2.15 Billion |
|
Roshow Technology Co Ltd
SHE:002617
|
$2.15 Billion |
|
Sichuan Anning Iron and Titanium Co
SHE:002978
|
$2.15 Billion |
|
CENTRAL PUERTO ADR/1 AP1
F:C3TA
|
$2.14 Billion |
|
Changchun UP Optotech Co Ltd
SHE:002338
|
$2.14 Billion |
|
Sinbon Electronics Co Ltd
TW:3023
|
$2.14 Billion |
|
Aker Solutions ASA
OL:AKSO
|
$2.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Merchants Securities Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 121,961,426,964 to 130,178,629,443, a change of 8,217,202,479 (6.7%).
- Net income of 10,385,872,411 contributed positively to equity growth.
- Dividend payments of 8,906,379,617 reduced retained earnings.
- Other factors increased equity by 6,737,709,685.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €10.39 Billion | +7.98% |
| Dividends Paid | €8.91 Billion | -6.84% |
| Other Changes | €6.74 Billion | +5.18% |
| Total Change | €- | 6.74% |
Book Value vs Market Value Analysis
This analysis compares China Merchants Securities 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: 0.10x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €9.99 | €1.44 | x |
| 2018-12-31 | €10.18 | €1.44 | x |
| 2019-12-31 | €10.73 | €1.44 | x |
| 2020-12-31 | €12.16 | €1.44 | x |
| 2021-12-31 | €12.94 | €1.44 | x |
| 2022-12-31 | €13.24 | €1.44 | x |
| 2023-12-31 | €14.02 | €1.44 | x |
| 2024-12-31 | €14.97 | €1.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Merchants Securities 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): 7.98%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 53.53%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 5.54x
- Recent ROE (7.98%) is above the historical average (7.86%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 7.30% | 46.26% | 0.04x | 3.61x | €-2.14 Billion |
| 2018 | 5.48% | 42.53% | 0.03x | 3.78x | €-3.65 Billion |
| 2019 | 8.56% | 40.85% | 0.05x | 4.49x | €-1.22 Billion |
| 2020 | 8.98% | 40.85% | 0.05x | 4.73x | €-1.08 Billion |
| 2021 | 10.35% | 41.85% | 0.05x | 5.31x | €394.76 Million |
| 2022 | 7.01% | 45.98% | 0.03x | 5.31x | €-3.44 Billion |
| 2023 | 7.19% | 47.94% | 0.03x | 5.71x | €-3.43 Billion |
| 2024 | 7.98% | 53.53% | 0.03x | 5.54x | €-2.63 Billion |
Industry Comparison
This section compares China Merchants Securities Co. Ltd's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $15,405,758,744
- Average return on equity (ROE) among peers: 7.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Merchants Securities Co. Ltd (195H) | €131.47 Billion | 7.30% | 4.12x | $2.15 Billion |
| UP FINT. HLDG (SP.ADR) A (1M5) | $446.63 Million | 3.29% | 6.44x | $1.01 Billion |
| GREENBANK CAPITAL (2TL) | $3.01 Million | 33.26% | 1.67x | $82.89K |
| SHENWAN HONGYUAN GR.H YC1 (2X2A) | $107.05 Billion | 8.78% | 4.61x | $854.81 Million |
| Guolian Securities Co. Ltd (34V) | $7.90 Billion | 7.73% | 2.04x | $250.47 Million |
| SIXTY SIX CAPITAL INC. (5CR0) | $-4.63 Million | 0.00% | 0.00x | $5.69 Million |
| Futu Holdings Limited (6FHA) | $20.99 Billion | 13.39% | 3.84x | $14.18 Billion |
| CAIRO MEZZ PLC EO-10 (6H3) | $179.28 Million | 68.46% | 0.00x | $96.17 Million |
| BIGG Digital Assets Inc (7111) | $13.22 Million | -72.78% | 0.02x | $14.72 Million |
| TP ICAP GROUP PLC LS -25 (8D7) | $2.08 Billion | 8.04% | 2.10x | $2.56 Billion |
About China Merchants Securities Co. Ltd
China Merchants Securities Co., Ltd. engages in the wealth management and institutional, investment banking, investment management, investment, and trading businesses in the People's Republic of China. The company trades in stocks and futures contracts; provides margin financing and securities lending services; and sells financial and other wealth management products. It also offers investment ba… Read more