Northeast Securities Co Ltd (000686) - Net Assets
Based on the latest financial reports, Northeast Securities Co Ltd (000686) has net assets worth CN¥21.12 Billion CNY (≈ $3.09 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥127.38 Billion ≈ $18.64 Billion USD) and total liabilities (CN¥106.26 Billion ≈ $15.55 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. Check Northeast Securities Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥21.12 Billion |
| % of Total Assets | 16.58% |
| Annual Growth Rate | 19.74% |
| 5-Year Change | 10.17% |
| 10-Year Change | 24.03% |
| Growth Volatility | 51.64 |
Northeast Securities Co Ltd - Net Assets Trend (1993–2025)
This chart illustrates how Northeast Securities Co Ltd's net assets have evolved over time, based on quarterly financial data. See Northeast Securities Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Northeast Securities Co Ltd (1993–2025)
The table below shows the annual net assets of Northeast Securities Co Ltd from 1993 to 2025. For live valuation and market cap data, see Northeast Securities Co Ltd (000686) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥20.59 Billion ≈ $3.01 Billion |
+5.12% |
| 2024-12-31 | CN¥19.59 Billion ≈ $2.87 Billion |
+3.63% |
| 2023-12-31 | CN¥18.90 Billion ≈ $2.77 Billion |
+1.30% |
| 2022-12-31 | CN¥18.66 Billion ≈ $2.73 Billion |
-0.16% |
| 2021-12-31 | CN¥18.69 Billion ≈ $2.73 Billion |
+7.32% |
| 2020-12-31 | CN¥17.41 Billion ≈ $2.55 Billion |
+7.82% |
| 2019-12-31 | CN¥16.15 Billion ≈ $2.36 Billion |
+1.33% |
| 2018-12-31 | CN¥15.94 Billion ≈ $2.33 Billion |
-5.17% |
| 2017-12-31 | CN¥16.81 Billion ≈ $2.46 Billion |
+1.24% |
| 2016-12-31 | CN¥16.60 Billion ≈ $2.43 Billion |
+40.35% |
| 2015-12-31 | CN¥11.83 Billion ≈ $1.73 Billion |
+34.04% |
| 2014-12-31 | CN¥8.82 Billion ≈ $1.29 Billion |
+17.01% |
| 2013-12-31 | CN¥7.54 Billion ≈ $1.10 Billion |
+4.55% |
| 2012-12-31 | CN¥7.21 Billion ≈ $1.06 Billion |
+133.20% |
| 2011-12-31 | CN¥3.09 Billion ≈ $452.63 Million |
-10.83% |
| 2010-12-31 | CN¥3.47 Billion ≈ $507.63 Million |
+13.34% |
| 2009-12-31 | CN¥3.06 Billion ≈ $447.90 Million |
+35.35% |
| 2008-12-31 | CN¥2.26 Billion ≈ $330.92 Million |
+5.57% |
| 2007-12-31 | CN¥2.14 Billion ≈ $313.46 Million |
+259.81% |
| 2006-12-31 | CN¥595.35 Million ≈ $87.12 Million |
+26.49% |
| 2005-12-31 | CN¥470.68 Million ≈ $68.88 Million |
+2.82% |
| 2004-12-31 | CN¥457.76 Million ≈ $66.99 Million |
+2.31% |
| 2003-12-31 | CN¥447.43 Million ≈ $65.47 Million |
+0.18% |
| 2002-12-31 | CN¥446.62 Million ≈ $65.35 Million |
-3.26% |
| 2001-12-31 | CN¥461.67 Million ≈ $67.56 Million |
+25.43% |
| 1999-12-31 | CN¥368.07 Million ≈ $53.86 Million |
+11.56% |
| 1998-12-31 | CN¥329.94 Million ≈ $48.28 Million |
+63.53% |
| 1997-12-31 | CN¥201.77 Million ≈ $29.52 Million |
+86.43% |
| 1996-12-31 | CN¥108.22 Million ≈ $15.84 Million |
+38.29% |
| 1995-12-31 | CN¥78.26 Million ≈ $11.45 Million |
+15.63% |
| 1994-12-31 | CN¥67.68 Million ≈ $9.90 Million |
+4.69% |
| 1993-12-31 | CN¥64.65 Million ≈ $9.46 Million |
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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 694479823213.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.94 Billion | 34.51% |
| Other Components | CN¥13.18 Billion | 65.49% |
| Total Equity | CN¥20.13 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 |
|---|---|
|
Eurazeo
PA:RF
|
$2.76 Billion |
|
Taseko Mines Ltd
TO:TKO
|
$2.77 Billion |
|
Mtar Technologies Limited
NSE:MTARTECH
|
$2.77 Billion |
|
Petrokent Turizm AS
IS:PKENT
|
$2.77 Billion |
|
ChengDu Hi-Tech Development Co Ltd
SHE:000628
|
$2.76 Billion |
|
Apeloa Pharmaceutical Co Ltd
SHE:000739
|
$2.76 Billion |
|
IHS Holding Ltd
NYSE:IHS
|
$2.76 Billion |
|
Soleno Therapeutics Inc
NASDAQ:SLNO
|
$2.76 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 2024 to 2025, total equity changed from 19,118,308,250 to 20,125,143,271, a change of 1,006,835,021 (5.3%).
- Net income of 1,451,396,794 contributed positively to equity growth.
- Dividend payments of 1,171,385,540 reduced retained earnings.
- Other factors increased equity by 726,823,766.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.45 Billion | +7.21% |
| Dividends Paid | CN¥1.17 Billion | -5.82% |
| Other Changes | CN¥726.82 Million | +3.61% |
| Total Change | CN¥- | 5.27% |
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: 0.94x
- 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.
- The price-to-book ratio has decreased from 124.00x to 0.94x 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¥8.07 | x |
| 1994-12-31 | CN¥0.07 | CN¥8.07 | x |
| 1995-12-31 | CN¥0.08 | CN¥8.07 | x |
| 1996-12-31 | CN¥0.10 | CN¥8.07 | x |
| 1997-12-31 | CN¥0.20 | CN¥8.07 | x |
| 1998-12-31 | CN¥0.34 | CN¥8.07 | x |
| 1999-12-31 | CN¥0.38 | CN¥8.07 | x |
| 2000-12-31 | CN¥0.38 | CN¥8.07 | x |
| 2001-12-31 | CN¥0.46 | CN¥8.07 | x |
| 2002-12-31 | CN¥1.18 | CN¥8.07 | x |
| 2003-12-31 | CN¥1.19 | CN¥8.07 | x |
| 2004-12-31 | CN¥1.21 | CN¥8.07 | x |
| 2005-12-31 | CN¥0.47 | CN¥8.07 | x |
| 2006-12-31 | CN¥0.59 | CN¥8.07 | x |
| 2007-12-31 | CN¥1.94 | CN¥8.07 | x |
| 2008-12-31 | CN¥1.66 | CN¥8.07 | x |
| 2009-12-31 | CN¥2.26 | CN¥8.07 | x |
| 2010-12-31 | CN¥2.54 | CN¥8.07 | x |
| 2011-12-31 | CN¥2.31 | CN¥8.07 | x |
| 2012-12-31 | CN¥4.52 | CN¥8.07 | x |
| 2013-12-31 | CN¥3.66 | CN¥8.07 | x |
| 2014-12-31 | CN¥4.17 | CN¥8.07 | x |
| 2015-12-31 | CN¥5.50 | CN¥8.07 | x |
| 2016-12-31 | CN¥6.88 | CN¥8.07 | x |
| 2017-12-31 | CN¥6.58 | CN¥8.07 | x |
| 2018-12-31 | CN¥6.41 | CN¥8.07 | x |
| 2019-12-31 | CN¥6.66 | CN¥8.07 | x |
| 2020-12-31 | CN¥7.12 | CN¥8.07 | x |
| 2021-12-31 | CN¥7.71 | CN¥8.07 | x |
| 2022-12-31 | CN¥7.71 | CN¥8.07 | x |
| 2023-12-31 | CN¥7.90 | CN¥8.07 | x |
| 2024-12-31 | CN¥8.10 | CN¥8.07 | x |
| 2025-12-31 | CN¥8.60 | CN¥8.07 | 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): 7.21%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.26%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 5.63x
- Recent ROE (7.21%) is below the historical average (11.28%), 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 | 15.37% | 11.46% | 0.69x | 1.95x | CN¥10.74 Million |
| 1998 | 10.92% | 14.88% | 0.48x | 1.53x | CN¥3.11 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 |
| 2025 | 7.21% | 29.26% | 0.04x | 5.63x | CN¥-561.12 Million |
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: $17,790,660,231
- Average return on equity (ROE) among peers: 9.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Northeast Securities Co Ltd (000686) | CN¥21.12 Billion | 33.27% | 5.03x | $2.76 Billion |
| Shenwan Hongyuan Group Co Ltd (000166) | $3.11 Billion | 47.71% | 10.17x | $15.07 Billion |
| Guangdong Golden Dragon Development Inc (000712) | $509.15 Million | 1.61% | 2.12x | $1.23 Billion |
| Guoyuan Securities Co Ltd (000728) | $966.19 Million | 4.83% | 0.52x | $4.63 Billion |
| Sealand Securities Co Ltd (000750) | $377.05 Million | 10.45% | 0.41x | $3.48 Billion |
| GF Securities Co Ltd (000776) | $124.79 Billion | 6.35% | 3.95x | $18.51 Billion |
| Changjiang Securities Co Ltd (000783) | $1.87 Billion | -0.32% | 0.57x | $6.51 Billion |
| Shanxi Securities Co Ltd (002500) | $17.71 Billion | 4.54% | 3.31x | $2.75 Billion |
| Western Securities Co Ltd (002673) | $4.46 Billion | 2.67% | 1.36x | $4.30 Billion |
| Huaxi Securities Co Ltd Class A (002926) | $6.33 Billion | 6.39% | 1.72x | $3.14 Billion |
About Northeast Securities Co Ltd
Northeast Securities Co., Ltd. engages in the wealth management, institutional, investment banking, credit, asset management, and securities investment businesses in China. The company offers securities brokerage and asset allocation services; trading services for stocks, bonds, funds, futures, and options; research and consulting services to public and private fund, listed company, non-listed pu… Read more