GF Securities Co Ltd (000776) - Net Assets

Latest as of September 2025: CN¥132.94 Billion CNY ≈ $19.45 Billion USD

Based on the latest financial reports, GF Securities Co Ltd (000776) has net assets worth CN¥132.94 Billion CNY (≈ $19.45 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥953.44 Billion ≈ $139.52 Billion USD) and total liabilities (CN¥820.49 Billion ≈ $120.06 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 000776 financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥132.94 Billion
% of Total Assets 13.94%
Annual Growth Rate 30.46%
5-Year Change 49.68%
10-Year Change 91.79%
Growth Volatility 1139.53

GF Securities Co Ltd - Net Assets Trend (1994–2024)

This chart illustrates how GF Securities Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of GF Securities Co Ltd for the complete picture of this company's asset base.

Annual Net Assets for GF Securities Co Ltd (1994–2024)

The table below shows the annual net assets of GF Securities Co Ltd from 1994 to 2024. For live valuation and market cap data, see GF Securities Co Ltd (000776) total market value.

Year Net Assets Change
2024-12-31 CN¥153.09 Billion
≈ $22.40 Billion		 +8.82%
2023-12-31 CN¥140.68 Billion
≈ $20.59 Billion		 +12.73%
2022-12-31 CN¥124.79 Billion
≈ $18.26 Billion		 +12.63%
2021-12-31 CN¥110.80 Billion
≈ $16.21 Billion		 +8.34%
2020-12-31 CN¥102.27 Billion
≈ $14.97 Billion		 +8.64%
2019-12-31 CN¥94.14 Billion
≈ $13.78 Billion		 +6.21%
2018-12-31 CN¥88.63 Billion
≈ $12.97 Billion		 +0.00%
2017-12-31 CN¥88.63 Billion
≈ $12.97 Billion		 +8.94%
2016-12-31 CN¥81.35 Billion
≈ $11.90 Billion		 +1.92%
2015-12-31 CN¥79.82 Billion
≈ $11.68 Billion		 +92.91%
2014-12-31 CN¥41.38 Billion
≈ $6.05 Billion		 +18.94%
2013-12-31 CN¥34.79 Billion
≈ $5.09 Billion		 +5.23%
2012-12-31 CN¥33.06 Billion
≈ $4.84 Billion		 +4.40%
2011-12-31 CN¥31.67 Billion
≈ $4.63 Billion		 +62.97%
2010-12-31 CN¥19.43 Billion
≈ $2.84 Billion		 +12.69%
2009-12-31 CN¥17.24 Billion
≈ $2.52 Billion		 +6363.87%
2008-12-31 CN¥266.75 Million
≈ $39.03 Million		 +0.50%
2007-12-31 CN¥265.44 Million
≈ $38.84 Million		 +6.39%
2006-12-31 CN¥249.48 Million
≈ $36.51 Million		 +10.91%
2005-12-31 CN¥224.95 Million
≈ $32.92 Million		 +7.61%
2004-12-31 CN¥209.03 Million
≈ $30.59 Million		 +35.99%
2003-12-31 CN¥153.71 Million
≈ $22.49 Million		 -19.80%
2002-12-31 CN¥191.66 Million
≈ $28.05 Million		 -55.54%
2001-12-31 CN¥431.06 Million
≈ $63.08 Million		 +6.35%
2000-12-31 CN¥405.34 Million
≈ $59.31 Million		 +0.48%
1999-12-31 CN¥403.39 Million
≈ $59.03 Million		 +77.41%
1998-12-31 CN¥227.38 Million
≈ $33.27 Million		 +29.64%
1997-12-31 CN¥175.40 Million
≈ $25.67 Million		 +162.34%
1996-12-31 CN¥66.86 Million
≈ $9.78 Million		 +22.12%
1995-12-31 CN¥54.75 Million
≈ $8.01 Million		 +4.24%
1994-12-31 CN¥52.52 Million
≈ $7.69 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to GF 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 4243465651900.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥42.43 Billion 28.75%
Common Stock CN¥7.62 Billion 5.16%
Other Components CN¥97.55 Billion 66.09%
Total Equity CN¥147.60 Billion 100.00%

GF Securities Co Ltd Competitors by Market Cap

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

Company Market Cap
ideaForge Technology Limited
NSE:IDEAFORGE
 $18.41 Billion
Knorr-Bremse AG
F:KBX
 $18.41 Billion
Zhongjin Gold Corp Ltd
SHG:600489
 $18.41 Billion
DSM-Firmenich AG
AS:DSFIR
 $18.41 Billion
Illumina Inc
NASDAQ:ILMN
 $18.34 Billion
Ke Holdings Inc
NYSE:BEKE
 $18.34 Billion
Mega Financial Holding Co Ltd
TW:2886
 $18.33 Billion
TECHTRONIC INDS ADR/5
F:TIB
 $18.32 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 135,717,647,870 to 147,601,915,206, a change of 11,884,267,336 (8.8%).
  • Net income of 9,636,829,949 contributed positively to equity growth.
  • Dividend payments of 4,269,116,000 reduced retained earnings.
  • Other factors increased equity by 6,516,553,387.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥9.64 Billion +6.53%
Dividends Paid CN¥4.27 Billion -2.89%
Other Changes CN¥6.52 Billion +4.41%
Total Change CN¥- 8.76%

Book Value vs Market Value Analysis

This analysis compares GF 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: 1.09x
  • 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 138.73x to 1.09x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1994-12-31 CN¥0.15 CN¥21.23 x
1995-12-31 CN¥0.16 CN¥21.23 x
1996-12-31 CN¥0.19 CN¥21.23 x
1997-12-31 CN¥0.51 CN¥21.23 x
1998-12-31 CN¥0.66 CN¥21.23 x
1999-12-31 CN¥1.17 CN¥21.23 x
2000-12-31 CN¥1.17 CN¥21.23 x
2001-12-31 CN¥1.25 CN¥21.23 x
2002-12-31 CN¥0.56 CN¥21.23 x
2003-12-31 CN¥0.48 CN¥21.23 x
2004-12-31 CN¥0.60 CN¥21.23 x
2005-12-31 CN¥0.65 CN¥21.23 x
2006-12-31 CN¥0.80 CN¥21.23 x
2007-12-31 CN¥0.85 CN¥21.23 x
2008-12-31 CN¥0.89 CN¥21.23 x
2009-12-31 CN¥3.40 CN¥21.23 x
2010-12-31 CN¥3.90 CN¥21.23 x
2011-12-31 CN¥5.98 CN¥21.23 x
2012-12-31 CN¥5.58 CN¥21.23 x
2013-12-31 CN¥5.91 CN¥21.23 x
2014-12-31 CN¥6.70 CN¥21.23 x
2015-12-31 CN¥10.98 CN¥21.23 x
2016-12-31 CN¥10.27 CN¥21.23 x
2017-12-31 CN¥11.16 CN¥21.23 x
2018-12-31 CN¥11.07 CN¥21.23 x
2019-12-31 CN¥11.97 CN¥21.23 x
2020-12-31 CN¥12.88 CN¥21.23 x
2021-12-31 CN¥13.99 CN¥21.23 x
2022-12-31 CN¥15.78 CN¥21.23 x
2023-12-31 CN¥16.14 CN¥21.23 x
2024-12-31 CN¥19.41 CN¥21.23 x

Capital Efficiency Dashboard

This dashboard shows how efficiently GF 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): 6.53%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 26.31%
  • • Asset Turnover: 0.05x
  • • Equity Multiplier: 5.14x
  • Recent ROE (6.53%) is above the historical average (6.32%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1994 20.38% 101.72% 0.13x 1.53x CN¥5.45 Million
1995 20.33% 63.64% 0.19x 1.71x CN¥5.66 Million
1996 21.07% 79.54% 0.18x 1.46x CN¥7.40 Million
1997 12.36% 113.98% 0.07x 1.50x CN¥4.14 Million
1998 21.18% 169.18% 0.07x 1.79x CN¥25.41 Million
1999 13.61% 53.54% 0.14x 1.87x CN¥14.44 Million
2000 7.30% 23.35% 0.17x 1.89x CN¥-10.85 Million
2001 6.06% 20.62% 0.18x 1.64x CN¥-16.82 Million
2002 -112.19% 0.00% 0.00x 2.27x CN¥-234.19 Million
2003 -20.85% -47.34% 0.18x 2.40x CN¥-51.06 Million
2004 13.35% 23.57% 0.29x 1.93x CN¥6.92 Million
2005 7.02% 18.16% 0.22x 1.79x CN¥-6.63 Million
2006 4.55% 13.06% 0.21x 1.68x CN¥-13.41 Million
2007 4.41% 15.72% 0.19x 1.50x CN¥-14.40 Million
2008 4.73% 21.58% 0.17x 1.31x CN¥-14.05 Million
2009 28.64% 45.62% 0.10x 6.37x CN¥3.05 Billion
2010 20.76% 40.15% 0.10x 4.95x CN¥2.09 Billion
2011 6.52% 34.85% 0.08x 2.43x CN¥-1.10 Billion
2012 6.63% 30.88% 0.08x 2.72x CN¥-1.11 Billion
2013 8.12% 35.99% 0.07x 3.39x CN¥-652.51 Million
2014 12.68% 38.46% 0.05x 6.06x CN¥1.06 Billion
2015 17.03% 39.81% 0.08x 5.41x CN¥5.45 Billion
2016 10.23% 39.54% 0.06x 4.58x CN¥177.09 Million
2017 10.13% 29.92% 0.08x 4.21x CN¥109.98 Million
2018 5.06% 18.68% 0.06x 4.58x CN¥-4.20 Billion
2019 8.26% 25.10% 0.08x 4.32x CN¥-1.58 Billion
2020 10.23% 28.23% 0.08x 4.66x CN¥221.91 Million
2021 10.18% 26.15% 0.08x 5.03x CN¥191.66 Million
2022 6.60% 24.06% 0.05x 5.14x CN¥-4.09 Billion
2023 5.14% 21.15% 0.05x 5.03x CN¥-6.59 Billion
2024 6.53% 26.31% 0.05x 5.14x CN¥-5.12 Billion

Industry Comparison

This section compares GF 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: $17,762,506,321
  • Average return on equity (ROE) among peers: 3.88%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
GF Securities Co Ltd (000776) CN¥132.94 Billion 20.38% 6.17x $18.34 Billion
Shenwan Hongyuan Group Co Ltd (000166) $71.20 Billion 5.84% 3.88x $15.63 Billion
Northeast Securities Co Ltd (000686) $3.47 Billion 15.20% 4.64x $2.97 Billion
Guangdong Golden Dragon Development Inc (000712) $463.73 Million 2.66% 1.76x $1.37 Billion
Guoyuan Securities Co Ltd (000728) $915.13 Million -18.27% 0.81x $4.69 Billion
Sealand Securities Co Ltd (000750) $395.63 Million 10.27% 0.14x $3.65 Billion
Changjiang Securities Co Ltd (000783) $12.69 Billion 7.93% 1.49x $6.47 Billion
Shanxi Securities Co Ltd (002500) $18.15 Billion 3.41% 3.27x $2.97 Billion
Western Securities Co Ltd (002673) $29.02 Billion 4.84% 2.31x $4.70 Billion
Huaxi Securities Co Ltd Class A (002926) $23.56 Billion 3.09% 3.26x $3.35 Billion

About GF Securities Co Ltd

SHE:000776 China Capital Markets
Market Cap
$18.34 Billion
CN¥125.34 Billion CNY
Market Cap Rank
#1373 Global
#129 in China
Share Price
CN¥21.23
Change (1 day)
-0.23%
52-Week Range
CN¥15.68 - CN¥24.53
All Time High
CN¥24.53
Categories
Companies in China Capital Markets
About

GF Securities Co., Ltd., together with its subsidiaries, provides capital market services for corporations, individuals, institutional investors, financial institutions, and government clients in the People's Republic of China. It operates through four segments: Investment Banking; Wealth Management; Trading and Institution; and Investment Management. The company offers equity and debt finance, a… Read more