Fidelity China Special Situations PLC (FCSS) - Net Assets
Based on the latest financial reports, Fidelity China Special Situations PLC (FCSS) has net assets worth GBX1.41 Billion GBX (≈ $171.89K USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX1.46 Billion ≈ $177.13K USD) and total liabilities (GBX43.02 Million ≈ $5.23K 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 FCSS strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX1.41 Billion |
| % of Total Assets | 97.05% |
| Annual Growth Rate | 4.95% |
| 5-Year Change | 0.87% |
| 10-Year Change | 13.58% |
| Growth Volatility | 26.34 |
Fidelity China Special Situations PLC - Net Assets Trend (2011–2026)
This chart illustrates how Fidelity China Special Situations PLC's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Fidelity China Special Situations PLC worth.
Annual Net Assets for Fidelity China Special Situations PLC (2011–2026)
The table below shows the annual net assets of Fidelity China Special Situations PLC from 2011 to 2026. Also explore Fidelity China Special Situations PLC annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | GBX1.41 Billion ≈ $171.89K |
-0.07% |
| 2025-03-31 | GBX1.41 Billion ≈ $172.02K |
+20.22% |
| 2024-03-31 | GBX1.18 Billion ≈ $143.09K |
-12.13% |
| 2023-03-31 | GBX1.34 Billion ≈ $162.85K |
-4.44% |
| 2022-03-31 | GBX1.40 Billion ≈ $170.42K |
-35.84% |
| 2021-03-31 | GBX2.18 Billion ≈ $265.61K |
+71.48% |
| 2020-03-31 | GBX1.27 Billion ≈ $154.89K |
-9.17% |
| 2019-03-31 | GBX1.40 Billion ≈ $170.53K |
-6.74% |
| 2018-03-31 | GBX1.50 Billion ≈ $182.86K |
+20.83% |
| 2017-03-31 | GBX1.24 Billion ≈ $151.33K |
+36.91% |
| 2016-03-31 | GBX908.48 Million ≈ $110.54K |
-3.78% |
| 2015-03-31 | GBX944.13 Million ≈ $114.87K |
+43.89% |
| 2014-03-31 | GBX656.15 Million ≈ $79.83K |
+3.46% |
| 2013-03-31 | GBX634.23 Million ≈ $77.17K |
+13.46% |
| 2012-03-31 | GBX558.98 Million ≈ $68.01K |
-18.27% |
| 2011-03-31 | GBX683.96 Million ≈ $83.22K |
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Equity Component Analysis
This analysis shows how different components contribute to Fidelity China Special Situations PLC'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 3000.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX72.27 Million | 5.12% |
| Common Stock | GBX5.47 Million | 0.39% |
| Other Comprehensive Income | GBX995.17 Million | 70.44% |
| Other Components | GBX339.85 Million | 24.06% |
| Total Equity | GBX1.41 Billion | 100.00% |
Fidelity China Special Situations PLC Competitors by Market Cap
The table below lists competitors of Fidelity China Special Situations PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CLEANTEK Industries Inc
V:CTEK
|
$13.57 Million |
|
High Peak Royalties Ltd
AU:HPR
|
$13.58 Million |
|
Dgenx Co. Ltd
KQ:113810
|
$13.58 Million |
|
Excel Realty N Infra Limited
NSE:EXCEL
|
$13.58 Million |
|
See Hup Consolidated Bhd
KLSE:7053
|
$13.57 Million |
|
OPG POWER VENTURES (OPB.SG)
STU:OPB
|
$13.57 Million |
|
City Steel Public Company Limited
BK:CITY
|
$13.56 Million |
|
Malpac Holdings Bhd
KLSE:4936
|
$13.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fidelity China Special Situations PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 1,413,802,000 to 1,412,761,000, a change of -1,041,000 (-0.1%).
- Net income of 143,867,000 contributed positively to equity growth.
- Dividend payments of 44,380,000 reduced retained earnings.
- Share repurchases of 98,448,000 reduced equity.
- Other comprehensive income increased equity by 995,171,000.
- Other factors decreased equity by 997,251,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX143.87 Million | +10.18% |
| Dividends Paid | GBX44.38 Million | -3.14% |
| Share Repurchases | GBX98.45 Million | -6.97% |
| Other Comprehensive Income | GBX995.17 Million | +70.44% |
| Other Changes | GBX-997.25 Million | -70.59% |
| Total Change | GBX- | -0.07% |
Book Value vs Market Value Analysis
This analysis compares Fidelity China Special Situations PLC'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: 83.85x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 235.13x to 83.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-03-31 | GBX1.04 | GBX245.00 | x |
| 2012-03-31 | GBX0.85 | GBX245.00 | x |
| 2013-03-31 | GBX0.97 | GBX245.00 | x |
| 2014-03-31 | GBX1.08 | GBX245.00 | x |
| 2015-03-31 | GBX1.65 | GBX245.00 | x |
| 2016-03-31 | GBX1.62 | GBX245.00 | x |
| 2017-03-31 | GBX2.25 | GBX245.00 | x |
| 2018-03-31 | GBX2.72 | GBX245.00 | x |
| 2019-03-31 | GBX2.55 | GBX245.00 | x |
| 2020-03-31 | GBX2.32 | GBX245.00 | x |
| 2021-03-31 | GBX4.20 | GBX245.00 | x |
| 2022-03-31 | GBX2.72 | GBX245.00 | x |
| 2023-03-31 | GBX2.66 | GBX245.00 | x |
| 2024-03-31 | GBX2.45 | GBX245.00 | x |
| 2025-03-31 | GBX2.76 | GBX245.00 | x |
| 2026-03-31 | GBX2.92 | GBX245.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fidelity China Special Situations PLC 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): 10.18%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 77.48%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.03x
- Recent ROE (10.18%) is above the historical average (5.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 3.00% | 64.29% | 0.04x | 1.11x | GBX-47.88 Million |
| 2012 | -22.86% | 0.00% | -0.17x | 1.21x | GBX-183.65 Million |
| 2013 | 13.47% | 96.90% | 0.12x | 1.18x | GBX21.98 Million |
| 2014 | 16.23% | 98.13% | 0.14x | 1.16x | GBX40.86 Million |
| 2015 | 31.21% | 98.95% | 0.28x | 1.13x | GBX200.26 Million |
| 2016 | -0.10% | -200.21% | 0.00x | 1.16x | GBX-91.79 Million |
| 2017 | 27.94% | 98.99% | 0.25x | 1.13x | GBX223.10 Million |
| 2018 | 18.23% | 98.49% | 0.17x | 1.10x | GBX123.72 Million |
| 2019 | -5.56% | 0.00% | -0.05x | 1.15x | GBX-218.02 Million |
| 2020 | -6.53% | 0.00% | -0.06x | 1.11x | GBX-210.38 Million |
| 2021 | 45.38% | 99.72% | 0.43x | 1.06x | GBX772.32 Million |
| 2022 | -53.82% | 0.00% | -0.50x | 1.08x | GBX-893.85 Million |
| 2023 | 1.74% | 90.29% | 0.02x | 1.09x | GBX-110.55 Million |
| 2024 | -18.15% | 0.00% | -0.17x | 1.03x | GBX-331.07 Million |
| 2025 | 23.91% | 93.19% | 0.25x | 1.02x | GBX196.63 Million |
| 2026 | 10.18% | 77.48% | 0.13x | 1.03x | GBX2.59 Million |
Industry Comparison
This section compares Fidelity China Special Situations PLC's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $941,116,400
- Average return on equity (ROE) among peers: 1.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fidelity China Special Situations PLC (FCSS) | GBX1.41 Billion | 3.00% | 0.03x | $13.57 Million |
| 3I Infrastructure PLC (3IN) | $1.11 Billion | 6.37% | 0.00x | $44.10 Million |
| Albion Enterprise VCT PLC (AAEV) | $26.93 Million | 2.38% | 0.01x | $3.20 Million |
| abrdn Asian Income Fund Limited (AAIF) | $403.40 Million | 9.84% | 0.09x | $5.48 Million |
| Abrdn Asia Focus PLC (AAS) | $441.01 Million | 6.12% | 0.13x | $7.43 Million |
| Albion Technology & General VCT PLC (AATG) | $10.72 Million | 4.28% | 0.02x | $3.15 Million |
| Abrdn PLC (ABDN) | $6.67 Billion | 3.99% | 0.71x | $52.83 Million |
| Aberdeen Diversified Income and Growth Trust PLC (ADIG) | $151.71 Million | -30.13% | 0.03x | $450.86K |
| Aquila Energy Efficiency Trust PLC (AEET) | $97.38 Million | -0.64% | 0.00x | $247.72K |
| Aquila European Renewables Income PLC (AERI) | $372.54 Million | -8.03% | 0.00x | $64.28 Million |
| Artemis UK Future Leaders plc (AFL) | $127.67 Million | 24.33% | 0.02x | $446.78 |
About Fidelity China Special Situations PLC
Fidelity China Special Situations PLC is a close-ended equity mutual fund launched and managed by FIL Investment Services (UK) Limited. The fund is co-managed by FIL Investment Management (Hong Kong) Limited and FIL Investments International. It invests in the public equity markets of China, which includes companies listed in China or Hong Kong and Chinese companies on other stock exchanges. The … Read more