Changjiang Securities Co Ltd (000783) - Net Assets
Based on the latest financial reports, Changjiang Securities Co Ltd (000783) has net assets worth CN¥43.01 Billion CNY (≈ $6.29 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥232.91 Billion ≈ $34.08 Billion USD) and total liabilities (CN¥189.90 Billion ≈ $27.79 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 000783 strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥43.01 Billion |
| % of Total Assets | 18.47% |
| Annual Growth Rate | 14.22% |
| 5-Year Change | 35.66% |
| 10-Year Change | 63.23% |
| Growth Volatility | 45.39 |
Changjiang Securities Co Ltd - Net Assets Trend (1996–2025)
This chart illustrates how Changjiang Securities Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 000783 market cap overview.
Annual Net Assets for Changjiang Securities Co Ltd (1996–2025)
The table below shows the annual net assets of Changjiang Securities Co Ltd from 1996 to 2025. Also explore Changjiang Securities Co Ltd (000783) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥42.02 Billion ≈ $6.15 Billion |
+6.90% |
| 2024-12-31 | CN¥39.31 Billion ≈ $5.75 Billion |
+13.05% |
| 2023-12-31 | CN¥34.77 Billion ≈ $5.09 Billion |
+12.69% |
| 2022-12-31 | CN¥30.86 Billion ≈ $4.52 Billion |
-0.38% |
| 2021-12-31 | CN¥30.97 Billion ≈ $4.53 Billion |
+5.88% |
| 2020-12-31 | CN¥29.25 Billion ≈ $4.28 Billion |
+3.92% |
| 2019-12-31 | CN¥28.15 Billion ≈ $4.12 Billion |
+5.96% |
| 2018-12-31 | CN¥26.57 Billion ≈ $3.89 Billion |
-0.75% |
| 2017-12-31 | CN¥26.77 Billion ≈ $3.92 Billion |
+3.99% |
| 2016-12-31 | CN¥25.74 Billion ≈ $3.77 Billion |
+51.21% |
| 2015-12-31 | CN¥17.02 Billion ≈ $2.49 Billion |
+21.97% |
| 2014-12-31 | CN¥13.96 Billion ≈ $2.04 Billion |
+9.96% |
| 2013-12-31 | CN¥12.69 Billion ≈ $1.86 Billion |
+4.76% |
| 2012-12-31 | CN¥12.12 Billion ≈ $1.77 Billion |
+5.33% |
| 2011-12-31 | CN¥11.50 Billion ≈ $1.68 Billion |
+20.72% |
| 2010-12-31 | CN¥9.53 Billion ≈ $1.39 Billion |
+4.43% |
| 2009-12-31 | CN¥9.12 Billion ≈ $1.34 Billion |
+98.21% |
| 2008-12-31 | CN¥4.60 Billion ≈ $673.62 Million |
-16.16% |
| 2007-12-31 | CN¥5.49 Billion ≈ $803.43 Million |
+931.78% |
| 2006-12-31 | CN¥-660.08 Million ≈ $-96.59 Million |
-169.59% |
| 2005-12-31 | CN¥948.56 Million ≈ $138.80 Million |
-43.51% |
| 2004-12-31 | CN¥1.68 Billion ≈ $245.73 Million |
+2.68% |
| 2003-12-31 | CN¥1.64 Billion ≈ $239.31 Million |
+3.47% |
| 2002-12-31 | CN¥1.58 Billion ≈ $231.29 Million |
-15.68% |
| 2001-12-31 | CN¥1.87 Billion ≈ $274.31 Million |
+0.43% |
| 2000-12-31 | CN¥1.87 Billion ≈ $273.15 Million |
-12.41% |
| 1999-12-31 | CN¥2.13 Billion ≈ $311.84 Million |
-2.62% |
| 1998-12-31 | CN¥2.19 Billion ≈ $320.23 Million |
+14.86% |
| 1997-12-31 | CN¥1.91 Billion ≈ $278.81 Million |
+114.14% |
| 1996-12-31 | CN¥889.77 Million ≈ $130.20 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Changjiang 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 866389973385.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥8.66 Billion | 20.67% |
| Other Components | CN¥33.25 Billion | 79.33% |
| Total Equity | CN¥41.91 Billion | 100.00% |
Changjiang Securities Co Ltd Competitors by Market Cap
The table below lists competitors of Changjiang Securities Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cleveland-Cliffs Inc
NYSE:CLF
|
$6.73 Billion |
|
BKW AG
SW:BKW
|
$6.73 Billion |
|
Arcellx Inc
NASDAQ:ACLX
|
$6.73 Billion |
|
ISS A/S
CO:ISS
|
$6.74 Billion |
|
Osisko Gold Ro
TO:OR
|
$6.72 Billion |
|
Sibanye Stillwater Limited
F:47VS
|
$6.72 Billion |
|
Huadong Medicine Co Ltd
SHE:000963
|
$6.72 Billion |
|
BlueFocus Communication Group
SHE:300058
|
$6.72 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Changjiang Securities Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 39,199,962,000 to 41,914,685,860, a change of 2,714,723,860 (6.9%).
- Net income of 3,696,410,771 contributed positively to equity growth.
- Dividend payments of 1,995,946,494 reduced retained earnings.
- Other comprehensive income decreased equity by 10,926,485,000.
- Other factors increased equity by 11,940,744,583.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥3.70 Billion | +8.82% |
| Dividends Paid | CN¥2.00 Billion | -4.76% |
| Other Comprehensive Income | CN¥-10.93 Billion | -26.07% |
| Other Changes | CN¥11.94 Billion | +28.49% |
| Total Change | CN¥- | 6.93% |
Book Value vs Market Value Analysis
This analysis compares Changjiang 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: 1.10x
- 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 34.70x to 1.10x 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¥0.24 | CN¥8.31 | x |
| 1995-12-31 | CN¥0.26 | CN¥8.31 | x |
| 1996-12-31 | CN¥0.30 | CN¥8.31 | x |
| 1997-12-31 | CN¥0.64 | CN¥8.31 | x |
| 1998-12-31 | CN¥0.74 | CN¥8.31 | x |
| 1999-12-31 | CN¥0.79 | CN¥8.31 | x |
| 2000-12-31 | CN¥0.63 | CN¥8.31 | x |
| 2001-12-31 | CN¥0.63 | CN¥8.31 | x |
| 2002-12-31 | CN¥0.53 | CN¥8.31 | x |
| 2003-12-31 | CN¥0.55 | CN¥8.31 | x |
| 2004-12-31 | CN¥0.56 | CN¥8.31 | x |
| 2005-12-31 | CN¥0.31 | CN¥8.31 | x |
| 2006-12-31 | CN¥0.86 | CN¥8.31 | x |
| 2007-12-31 | CN¥1.64 | CN¥8.31 | x |
| 2008-12-31 | CN¥1.15 | CN¥8.31 | x |
| 2009-12-31 | CN¥2.26 | CN¥8.31 | x |
| 2010-12-31 | CN¥2.19 | CN¥8.31 | x |
| 2011-12-31 | CN¥2.51 | CN¥8.31 | x |
| 2012-12-31 | CN¥2.57 | CN¥8.31 | x |
| 2013-12-31 | CN¥2.65 | CN¥8.31 | x |
| 2014-12-31 | CN¥2.94 | CN¥8.31 | x |
| 2015-12-31 | CN¥3.56 | CN¥8.31 | x |
| 2016-12-31 | CN¥5.09 | CN¥8.31 | x |
| 2017-12-31 | CN¥4.80 | CN¥8.31 | x |
| 2018-12-31 | CN¥5.12 | CN¥8.31 | x |
| 2019-12-31 | CN¥4.51 | CN¥8.31 | x |
| 2020-12-31 | CN¥5.02 | CN¥8.31 | x |
| 2021-12-31 | CN¥5.38 | CN¥8.31 | x |
| 2022-12-31 | CN¥4.91 | CN¥8.31 | x |
| 2023-12-31 | CN¥5.82 | CN¥8.31 | x |
| 2024-12-31 | CN¥6.41 | CN¥8.31 | x |
| 2025-12-31 | CN¥7.58 | CN¥8.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Changjiang 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): 8.82%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 35.06%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 4.92x
- Recent ROE (8.82%) is above the historical average (7.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 20.59% | 0.00% | 0.00x | 2.00x | CN¥73.48 Million |
| 1995 | 39.33% | 0.00% | 0.00x | 2.08x | CN¥221.16 Million |
| 1996 | 28.65% | 0.00% | 0.00x | 1.75x | CN¥159.79 Million |
| 1997 | 17.63% | 10.46% | 1.26x | 1.34x | CN¥140.88 Million |
| 1998 | 9.74% | 7.97% | 0.92x | 1.33x | CN¥-5.67 Million |
| 1999 | 3.02% | 2.41% | 1.10x | 1.14x | CN¥-159.03 Million |
| 2000 | -11.37% | 0.00% | 0.00x | 1.70x | CN¥-390.46 Million |
| 2001 | -0.32% | -0.11% | 1.76x | 1.60x | CN¥-189.37 Million |
| 2002 | -11.85% | 0.00% | 0.00x | 1.65x | CN¥-336.42 Million |
| 2003 | 3.19% | 0.00% | 0.00x | 1.61x | CN¥-108.41 Million |
| 2004 | 0.76% | 0.00% | 0.00x | 1.86x | CN¥-149.68 Million |
| 2005 | -81.44% | -6.44% | 3.53x | 3.58x | CN¥-816.75 Million |
| 2006 | 20.98% | 36.96% | 0.51x | 1.12x | CN¥272.79 Million |
| 2007 | 43.05% | 48.03% | 0.20x | 4.52x | CN¥1.81 Billion |
| 2008 | 15.24% | 34.71% | 0.11x | 3.95x | CN¥241.29 Million |
| 2009 | 15.04% | 42.27% | 0.09x | 3.88x | CN¥459.57 Million |
| 2010 | 13.46% | 39.01% | 0.09x | 3.75x | CN¥330.13 Million |
| 2011 | 3.78% | 21.67% | 0.07x | 2.49x | CN¥-715.30 Million |
| 2012 | 5.64% | 28.12% | 0.08x | 2.58x | CN¥-528.60 Million |
| 2013 | 7.94% | 33.23% | 0.10x | 2.49x | CN¥-261.55 Million |
| 2014 | 12.23% | 37.79% | 0.07x | 4.87x | CN¥311.40 Million |
| 2015 | 20.77% | 41.63% | 0.08x | 5.92x | CN¥1.81 Billion |
| 2016 | 8.65% | 38.46% | 0.05x | 4.20x | CN¥-344.85 Million |
| 2017 | 5.83% | 27.82% | 0.05x | 4.27x | CN¥-1.11 Billion |
| 2018 | 0.98% | 3.66% | 0.07x | 3.77x | CN¥-2.37 Billion |
| 2019 | 5.96% | 18.22% | 0.08x | 3.91x | CN¥-1.13 Billion |
| 2020 | 7.17% | 20.98% | 0.07x | 4.64x | CN¥-822.95 Million |
| 2021 | 7.81% | 21.25% | 0.07x | 5.17x | CN¥-676.75 Million |
| 2022 | 4.91% | 16.92% | 0.06x | 5.17x | CN¥-1.56 Billion |
| 2023 | 4.47% | 16.36% | 0.06x | 4.93x | CN¥-1.92 Billion |
| 2024 | 4.68% | 21.37% | 0.05x | 4.38x | CN¥-2.09 Billion |
| 2025 | 8.82% | 35.06% | 0.05x | 4.92x | CN¥-495.06 Million |
Industry Comparison
This section compares Changjiang 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: $25,529,145,613
- Average return on equity (ROE) among peers: 7.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Changjiang Securities Co Ltd (000783) | CN¥43.01 Billion | 20.59% | 4.42x | $6.72 Billion |
| Shenwan Hongyuan Group Co Ltd (000166) | $116.68 Billion | 2.39% | 4.25x | $14.54 Billion |
| Northeast Securities Co Ltd (000686) | $16.81 Billion | 3.97% | 2.57x | $2.63 Billion |
| Guangdong Golden Dragon Development Inc (000712) | $5.04 Billion | -7.78% | 3.48x | $1.28 Billion |
| Guoyuan Securities Co Ltd (000728) | $966.19 Million | 4.83% | 0.52x | $4.78 Billion |
| Sealand Securities Co Ltd (000750) | $7.16 Billion | 9.64% | 2.69x | $3.41 Billion |
| GF Securities Co Ltd (000776) | $33.06 Billion | 6.63% | 1.72x | $17.55 Billion |
| Shanxi Securities Co Ltd (002500) | $2.23 Billion | 37.41% | 3.97x | $2.75 Billion |
| Western Securities Co Ltd (002673) | $28.12 Billion | 4.14% | 2.42x | $4.38 Billion |
| Huaxi Securities Co Ltd Class A (002926) | $19.69 Billion | 7.27% | 2.44x | $3.15 Billion |
About Changjiang Securities Co Ltd
Changjiang Securities Company Limited operates as a securities company in China. The company offers wealth management, investment banking, asset management, research, investment, and international business to individuals, institutional investors, corporate and government clients. It also provides securities brokerage, funds, futures, private equity fund management, and equity and innovative inves… Read more