Northeast Securities Co Ltd

SHE:000686 China Capital Markets
Market Cap
$2.75 Billion
CN¥20.15 Billion CNY
Market Cap Rank
#5887 Global
#826 in China
Share Price
CN¥8.61
Change (1 day)
-0.46%
52-Week Range
CN¥7.17 - CN¥10.43
All Time High
CN¥16.03
Categories
Companies in China Capital Markets
About

Northeast Securities Co., Ltd. engages in the wealth management, investment banking, investment and sales trading, and asset management businesses in China. It is involved in basic brokerage; investment advisory; financial products; PB; capital intermediary, such as margin trading and securities lending; stock pledge repurchase transaction; and futures businesses, as well as other financial servi… Read more

Northeast Securities Co Ltd (000686) - Net Assets

Latest net assets as of September 2025: CN¥20.43 Billion CNY

Based on the latest financial reports, Northeast Securities Co Ltd (000686) has net assets worth CN¥20.43 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¥110.06 Billion) and total liabilities (CN¥89.63 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¥20.43 Billion
% of Total Assets 18.56%
Annual Growth Rate 20.24%
5-Year Change 12.47%
10-Year Change 65.59%
Growth Volatility 52.34

Northeast Securities Co Ltd - Net Assets Trend (1993–2024)

This chart illustrates how Northeast Securities 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 Northeast Securities Co Ltd (1993–2024)

The table below shows the annual net assets of Northeast Securities Co Ltd from 1993 to 2024.

Year Net Assets Change
2024-12-31 CN¥19.59 Billion +3.63%
2023-12-31 CN¥18.90 Billion +1.30%
2022-12-31 CN¥18.66 Billion -0.16%
2021-12-31 CN¥18.69 Billion +7.32%
2020-12-31 CN¥17.41 Billion +7.82%
2019-12-31 CN¥16.15 Billion +1.33%
2018-12-31 CN¥15.94 Billion -5.17%
2017-12-31 CN¥16.81 Billion +1.24%
2016-12-31 CN¥16.60 Billion +40.35%
2015-12-31 CN¥11.83 Billion +34.04%
2014-12-31 CN¥8.82 Billion +17.01%
2013-12-31 CN¥7.54 Billion +4.55%
2012-12-31 CN¥7.21 Billion +133.20%
2011-12-31 CN¥3.09 Billion -10.83%
2010-12-31 CN¥3.47 Billion +13.34%
2009-12-31 CN¥3.06 Billion +35.35%
2008-12-31 CN¥2.26 Billion +5.57%
2007-12-31 CN¥2.14 Billion +259.81%
2006-12-31 CN¥595.35 Million +26.49%
2005-12-31 CN¥470.68 Million +2.82%
2004-12-31 CN¥457.76 Million +2.31%
2003-12-31 CN¥447.43 Million +0.18%
2002-12-31 CN¥446.62 Million -3.26%
2001-12-31 CN¥461.67 Million +25.43%
1999-12-31 CN¥368.07 Million +11.56%
1998-12-31 CN¥329.94 Million +63.53%
1997-12-31 CN¥201.77 Million +86.43%
1996-12-31 CN¥108.22 Million +38.29%
1995-12-31 CN¥78.26 Million +15.63%
1994-12-31 CN¥67.68 Million +4.69%
1993-12-31 CN¥64.65 Million --

Equity Component Analysis

This analysis shows how different components contribute to Northeast 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 645118250300.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥6.45 Billion 33.74%
Common Stock CN¥2.34 Billion 12.24%
Other Components CN¥10.33 Billion 54.01%
Total Equity CN¥19.12 Billion 100.00%

Northeast Securities Co Ltd Competitors by Market Cap

The table below lists competitors of Northeast Securities Co Ltd ranked by their market capitalization.

Company Market Cap
DIC Corporation
F:DPN
 		$1.48 Billion
Clas Ohlson AB (publ)
ST:CLAS-B
 		$1.48 Billion
Wuhan PS Information Tech
SHE:300184
 		$1.48 Billion
H. Lundbeck A/S
PINK:HLBBF
 		$1.48 Billion
EUROCOMM.PR. CERT.10EO 10
F:N4SA
 		$1.48 Billion
Shandong Humon Smelting Co Ltd
SHE:002237
 		$1.48 Billion
S&T Bancorp Inc
NASDAQ:STBA
 		$1.47 Billion
Atlantica Sustainable Infrastructure PLC
NASDAQ:AY
 		$1.47 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Northeast Securities Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 18,479,414,048 to 19,118,308,250, a change of 638,894,202 (3.5%).
  • Net income of 873,649,074 contributed positively to equity growth.
  • Dividend payments of 234,045,291 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥873.65 Million +4.57%
Dividends Paid CN¥234.05 Million -1.22%
Other Changes CN¥-709.58K -0.0%
Total Change CN¥- 3.46%

Book Value vs Market Value Analysis

This analysis compares Northeast 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: 1.06x
  • 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 132.29x to 1.06x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1993-12-31 CN¥0.07 CN¥8.61 x
1994-12-31 CN¥0.07 CN¥8.61 x
1995-12-31 CN¥0.08 CN¥8.61 x
1996-12-31 CN¥0.10 CN¥8.61 x
1997-12-31 CN¥0.20 CN¥8.61 x
1998-12-31 CN¥0.34 CN¥8.61 x
1999-12-31 CN¥0.38 CN¥8.61 x
2000-12-31 CN¥0.38 CN¥8.61 x
2001-12-31 CN¥0.46 CN¥8.61 x
2002-12-31 CN¥1.18 CN¥8.61 x
2003-12-31 CN¥1.19 CN¥8.61 x
2004-12-31 CN¥1.21 CN¥8.61 x
2005-12-31 CN¥0.47 CN¥8.61 x
2006-12-31 CN¥0.59 CN¥8.61 x
2007-12-31 CN¥1.94 CN¥8.61 x
2008-12-31 CN¥1.66 CN¥8.61 x
2009-12-31 CN¥2.26 CN¥8.61 x
2010-12-31 CN¥2.54 CN¥8.61 x
2011-12-31 CN¥2.31 CN¥8.61 x
2012-12-31 CN¥4.52 CN¥8.61 x
2013-12-31 CN¥3.66 CN¥8.61 x
2014-12-31 CN¥4.17 CN¥8.61 x
2015-12-31 CN¥5.50 CN¥8.61 x
2016-12-31 CN¥6.88 CN¥8.61 x
2017-12-31 CN¥6.58 CN¥8.61 x
2018-12-31 CN¥6.41 CN¥8.61 x
2019-12-31 CN¥6.66 CN¥8.61 x
2020-12-31 CN¥7.12 CN¥8.61 x
2021-12-31 CN¥7.71 CN¥8.61 x
2022-12-31 CN¥7.71 CN¥8.61 x
2023-12-31 CN¥7.90 CN¥8.61 x
2024-12-31 CN¥8.10 CN¥8.61 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Northeast 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): 4.57%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 13.64%
  • • Asset Turnover: 0.07x
  • • Equity Multiplier: 4.66x
  • Recent ROE (4.57%) is below the historical average (11.37%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1993 33.27% 0.00% 0.00x 2.60x CN¥15.04 Million
1994 17.48% 0.00% 0.00x 2.56x CN¥5.06 Million
1995 20.27% 13.67% 0.65x 2.28x CN¥8.03 Million
1996 20.88% 9.74% 0.73x 2.93x CN¥10.76 Million
1997 14.66% 10.93% 0.69x 1.95x CN¥9.31 Million
1998 10.49% 14.28% 0.48x 1.53x CN¥1.63 Million
1999 10.28% 11.90% 0.66x 1.31x CN¥1.05 Million
2000 6.39% 8.27% 0.54x 1.42x CN¥-13.81 Million
2001 2.59% 7.69% 0.28x 1.21x CN¥-34.23 Million
2002 2.12% 4.56% 0.37x 1.26x CN¥-35.14 Million
2003 2.34% 4.12% 0.49x 1.17x CN¥-34.18 Million
2004 3.28% 6.65% 0.42x 1.18x CN¥-30.68 Million
2005 3.69% 8.01% 0.41x 1.13x CN¥-29.65 Million
2006 14.37% 19.20% 0.08x 9.81x CN¥25.93 Million
2007 51.95% 46.07% 0.18x 6.27x CN¥896.95 Million
2008 18.16% 38.47% 0.12x 4.00x CN¥184.19 Million
2009 29.86% 46.17% 0.11x 6.14x CN¥607.17 Million
2010 15.21% 30.55% 0.09x 5.65x CN¥180.65 Million
2011 -4.91% -16.42% 0.07x 4.06x CN¥-460.19 Million
2012 2.09% 11.78% 0.08x 2.29x CN¥-569.98 Million
2013 6.46% 28.17% 0.09x 2.68x CN¥-263.38 Million
2014 12.22% 35.07% 0.09x 3.99x CN¥192.30 Million
2015 23.09% 39.65% 0.09x 6.50x CN¥1.49 Billion
2016 8.44% 29.77% 0.06x 4.82x CN¥-243.78 Million
2017 4.26% 10.20% 0.11x 3.82x CN¥-900.13 Million
2018 2.03% 3.69% 0.13x 4.37x CN¥-1.18 Billion
2019 6.46% 10.83% 0.14x 4.38x CN¥-551.27 Million
2020 8.00% 17.13% 0.11x 4.12x CN¥-333.61 Million
2021 9.00% 18.54% 0.11x 4.44x CN¥-180.53 Million
2022 1.28% 3.72% 0.08x 4.38x CN¥-1.57 Billion
2023 3.62% 8.52% 0.09x 4.51x CN¥-1.18 Billion
2024 4.57% 13.64% 0.07x 4.66x CN¥-1.04 Billion

Industry Comparison

This section compares Northeast 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: $22,511,791,730
  • Average return on equity (ROE) among peers: 6.15%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Northeast Securities Co Ltd (000686) CN¥20.43 Billion 33.27% 4.39x $1.48 Billion
Shenwan Hongyuan Group Co Ltd (000166) $16.07 Billion 18.21% 3.12x $10.62 Billion
Guangdong Golden Dragon Development Inc (000712) $892.70 Million 2.45% 0.50x $913.07 Million
Sealand Securities Co Ltd (000750) $7.16 Billion 9.64% 2.69x $2.84 Billion
GF Securities Co Ltd (000776) $94.14 Billion 8.01% 3.19x $10.71 Billion
Changjiang Securities Co Ltd (000783) $26.77 Billion 5.77% 3.23x $3.30 Billion
Holly Futures Co. Ltd. A (001236) $1.68 Billion 4.77% 3.81x $591.25 Million
Shanxi Securities Co Ltd (002500) $6.30 Billion 3.07% 1.08x $1.47 Billion
Western Securities Co Ltd (002673) $27.16 Billion 1.59% 2.52x $2.22 Billion
Huaxi Securities Co Ltd Class A (002926) $22.44 Billion 1.88% 3.36x $1.41 Billion