CITIC Securities Company Limited
CITIC Securities Company Limited provides various financial products and services in Mainland China and internationally. The company offers investment banking services, including equity and debt financing, as well as fundraising and financial advisory services to enterprises and other institutional clients. It is involved in the broking of securities and futures; distribution of financial product… Read more
CITIC Securities Company Limited (CI9) - Net Assets
Latest net assets as of June 2025: €310.92 Billion EUR
Based on the latest financial reports, CITIC Securities Company Limited (CI9) has net assets worth €310.92 Billion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.81 Trillion) and total liabilities (€1.50 Trillion). 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 | €310.92 Billion |
| % of Total Assets | 17.2% |
| Annual Growth Rate | 11.44% |
| 5-Year Change | 60.73% |
| 10-Year Change | 110.79% |
| Growth Volatility | 10.91 |
CITIC Securities Company Limited - Net Assets Trend (2014–2024)
This chart illustrates how CITIC Securities Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CITIC Securities Company Limited (2014–2024)
The table below shows the annual net assets of CITIC Securities Company Limited from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €298.77 Billion | +8.96% |
| 2023-12-31 | €274.20 Billion | +6.13% |
| 2022-12-31 | €258.37 Billion | +20.84% |
| 2021-12-31 | €213.81 Billion | +15.02% |
| 2020-12-31 | €185.88 Billion | +12.35% |
| 2019-12-31 | €165.45 Billion | +5.50% |
| 2018-12-31 | €156.83 Billion | +2.41% |
| 2017-12-31 | €153.14 Billion | +5.04% |
| 2016-12-31 | €145.79 Billion | +2.86% |
| 2015-12-31 | €141.74 Billion | +40.15% |
| 2014-12-31 | €101.13 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to CITIC Securities Company Limited'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 87.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €99.53 Billion | 33.96% |
| Other Components | €193.58 Billion | 66.04% |
| Total Equity | €293.11 Billion | 100.00% |
CITIC Securities Company Limited Competitors by Market Cap
The table below lists competitors of CITIC Securities Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KKR & Co. Inc.
PINK:KKRDP
|
$30.45 Billion |
|
Assicurazioni Generali S.p.A
PINK:ARZGF
|
$30.45 Billion |
|
VICI Properties Inc
NYSE:VICI
|
$30.46 Billion |
|
Ameren Corp
NYSE:AEE
|
$30.51 Billion |
|
Deutsche Boerse AG
LSE:0H3T
|
$30.41 Billion |
|
ENBMF
OTCGREY:ENBMF
|
$30.39 Billion |
|
Cboe Global Markets Inc
BATS:CBOE
|
$30.38 Billion |
|
Sunbelt Rentals Holdings, Inc.
NYSE:SUNB
|
$30.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CITIC Securities Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 268,839,608,471 to 293,108,725,612, a change of 24,269,117,141 (9.0%).
- Net income of 21,703,696,593 contributed positively to equity growth.
- Dividend payments of 17,970,428,293 reduced retained earnings.
- Other factors increased equity by 20,535,848,841.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €21.70 Billion | +7.4% |
| Dividends Paid | €17.97 Billion | -6.13% |
| Other Changes | €20.54 Billion | +7.01% |
| Total Change | €- | 9.03% |
Book Value vs Market Value Analysis
This analysis compares CITIC Securities Company Limited'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: 0.14x
- 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 | €12.36 | €2.76 | x |
| 2018-12-31 | €12.64 | €2.76 | x |
| 2019-12-31 | €13.34 | €2.76 | x |
| 2020-12-31 | €14.06 | €2.76 | x |
| 2021-12-31 | €15.35 | €2.76 | x |
| 2022-12-31 | €17.08 | €2.76 | x |
| 2023-12-31 | €18.14 | €2.76 | x |
| 2024-12-31 | €19.78 | €2.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CITIC Securities Company Limited 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): 7.40%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.08%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 5.84x
- Recent ROE (7.40%) is below the historical average (8.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 11.44% | 38.75% | 0.06x | 4.84x | €1.43 Billion |
| 2015 | 14.23% | 35.53% | 0.09x | 4.43x | €5.89 Billion |
| 2016 | 7.26% | 27.53% | 0.06x | 4.19x | €-3.90 Billion |
| 2017 | 7.63% | 26.78% | 0.07x | 4.18x | €-3.55 Billion |
| 2018 | 6.13% | 25.73% | 0.06x | 4.26x | €-5.92 Billion |
| 2019 | 7.57% | 28.88% | 0.05x | 4.90x | €-3.93 Billion |
| 2020 | 8.20% | 27.70% | 0.05x | 5.79x | €-3.27 Billion |
| 2021 | 11.04% | 30.56% | 0.06x | 6.11x | €2.18 Billion |
| 2022 | 8.42% | 33.08% | 0.05x | 5.17x | €-3.99 Billion |
| 2023 | 7.34% | 33.19% | 0.04x | 5.41x | €-7.16 Billion |
| 2024 | 7.40% | 34.08% | 0.04x | 5.84x | €-7.61 Billion |
Industry Comparison
This section compares CITIC Securities Company Limited's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $14,709,362,117
- Average return on equity (ROE) among peers: -26.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CITIC Securities Company Limited (CI9) | €310.92 Billion | 11.44% | 4.81x | $30.43 Billion |
| Bright Smart Securities & Commodities Group Limited (0BX) | $1.74 Billion | 12.55% | 9.28x | $877.25 Million |
| BIGG Digital Assets Inc (7111) | $17.53 Million | -147.31% | 12.21x | $12.50 Million |
| GF Securities Co. Ltd (9GF) | $88.63 Billion | 4.85% | 3.39x | $6.64 Billion |
| Berliner Effektengesellschaft AG (BFV) | $208.93 Million | 8.60% | 0.88x | $105.19 Million |
| Baader Bank Aktiengesellschaft (BWB) | $110.21 Million | -0.16% | 4.61x | $95.77 Million |
| CBEYOND (C5B) | $607.60K | -147.64% | 0.44x | $1.56 Million |
| Instant Group AG (CCB) | $2.10 Million | 30.51% | 0.39x | $17.81K |
| CASH Financial Services Group Limited (CFN0) | $412.37 Million | -12.97% | 2.14x | $8.45 Million |
| CSC Financial Co. Ltd (CS0) | $41.26 Billion | 12.75% | 3.40x | $5.23 Billion |