Shanxi Securities Co Ltd (002500) - Net Assets
Based on the latest financial reports, Shanxi Securities Co Ltd (002500) has net assets worth CN¥19.03 Billion CNY (≈ $2.78 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¥90.96 Billion ≈ $13.31 Billion USD) and total liabilities (CN¥71.93 Billion ≈ $10.53 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 Shanxi Securities Co Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥19.03 Billion |
| % of Total Assets | 20.92% |
| Annual Growth Rate | 12.56% |
| 5-Year Change | 6.09% |
| 10-Year Change | 44.16% |
| Growth Volatility | 25.66 |
Shanxi Securities Co Ltd - Net Assets Trend (2007–2025)
This chart illustrates how Shanxi Securities Co Ltd's net assets have evolved over time, based on quarterly financial data. See Shanxi Securities Co Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shanxi Securities Co Ltd (2007–2025)
The table below shows the annual net assets of Shanxi Securities Co Ltd from 2007 to 2025. For live valuation and market cap data, see Shanxi Securities Co Ltd (002500) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥18.78 Billion ≈ $2.75 Billion |
+2.68% |
| 2024-12-31 | CN¥18.29 Billion ≈ $2.68 Billion |
+0.77% |
| 2023-12-31 | CN¥18.15 Billion ≈ $2.66 Billion |
+1.74% |
| 2022-12-31 | CN¥17.84 Billion ≈ $2.61 Billion |
+0.77% |
| 2021-12-31 | CN¥17.71 Billion ≈ $2.59 Billion |
+1.46% |
| 2020-12-31 | CN¥17.45 Billion ≈ $2.55 Billion |
+32.05% |
| 2019-12-31 | CN¥13.22 Billion ≈ $1.93 Billion |
+2.08% |
| 2018-12-31 | CN¥12.95 Billion ≈ $1.89 Billion |
-2.39% |
| 2017-12-31 | CN¥13.26 Billion ≈ $1.94 Billion |
+1.79% |
| 2016-12-31 | CN¥13.03 Billion ≈ $1.91 Billion |
-1.45% |
| 2015-12-31 | CN¥13.22 Billion ≈ $1.93 Billion |
+67.81% |
| 2014-12-31 | CN¥7.88 Billion ≈ $1.15 Billion |
+7.55% |
| 2013-12-31 | CN¥7.33 Billion ≈ $1.07 Billion |
+14.81% |
| 2012-12-31 | CN¥6.38 Billion ≈ $933.73 Million |
+1.34% |
| 2011-12-31 | CN¥6.30 Billion ≈ $921.42 Million |
-3.62% |
| 2010-12-31 | CN¥6.53 Billion ≈ $956.04 Million |
+89.83% |
| 2009-12-31 | CN¥3.44 Billion ≈ $503.62 Million |
+41.77% |
| 2008-12-31 | CN¥2.43 Billion ≈ $355.24 Million |
+8.81% |
| 2007-12-31 | CN¥2.23 Billion ≈ $326.46 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanxi 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 177.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.21 Billion | 11.94% |
| Other Components | CN¥16.30 Billion | 88.06% |
| Total Equity | CN¥18.51 Billion | 100.00% |
Shanxi Securities Co Ltd Competitors by Market Cap
The table below lists competitors of Shanxi Securities Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yongan Futures Co.Ltd.
SHG:600927
|
$2.75 Billion |
|
China World Trade Center Co Ltd
SHG:600007
|
$2.76 Billion |
|
Doximity Inc
NYSE:DOCS
|
$2.76 Billion |
|
ChengDu Hi-Tech Development Co Ltd
SHE:000628
|
$2.76 Billion |
|
Kangmei Pharmaceutical Co Ltd
SHG:600518
|
$2.75 Billion |
|
Ballarpur Industries Limited
NSE:BALLARPUR
|
$2.75 Billion |
|
ATS CORP
TO:ATS
|
$2.75 Billion |
|
Alumis Inc
NASDAQ:ALMS
|
$2.75 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanxi Securities Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 17,970,113,581 to 18,508,500,362, a change of 538,386,781 (3.0%).
- Net income of 924,416,247 contributed positively to equity growth.
- Dividend payments of 785,305,278 reduced retained earnings.
- Other comprehensive income decreased equity by 2,721,215,692.
- Other factors increased equity by 3,120,491,504.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥924.42 Million | +4.99% |
| Dividends Paid | CN¥785.31 Million | -4.24% |
| Other Comprehensive Income | CN¥-2.72 Billion | -14.7% |
| Other Changes | CN¥3.12 Billion | +16.86% |
| Total Change | CN¥- | 3.00% |
Book Value vs Market Value Analysis
This analysis compares Shanxi 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: 1.02x
- 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 4.93x to 1.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥1.06 | CN¥5.24 | x |
| 2008-12-31 | CN¥1.16 | CN¥5.24 | x |
| 2009-12-31 | CN¥1.47 | CN¥5.24 | x |
| 2010-12-31 | CN¥2.95 | CN¥5.24 | x |
| 2011-12-31 | CN¥2.34 | CN¥5.24 | x |
| 2012-12-31 | CN¥2.43 | CN¥5.24 | x |
| 2013-12-31 | CN¥2.75 | CN¥5.24 | x |
| 2014-12-31 | CN¥2.73 | CN¥5.24 | x |
| 2015-12-31 | CN¥4.74 | CN¥5.24 | x |
| 2016-12-31 | CN¥4.24 | CN¥5.24 | x |
| 2017-12-31 | CN¥4.07 | CN¥5.24 | x |
| 2018-12-31 | CN¥4.25 | CN¥5.24 | x |
| 2019-12-31 | CN¥4.25 | CN¥5.24 | x |
| 2020-12-31 | CN¥5.27 | CN¥5.24 | x |
| 2021-12-31 | CN¥4.80 | CN¥5.24 | x |
| 2022-12-31 | CN¥4.85 | CN¥5.24 | x |
| 2023-12-31 | CN¥4.94 | CN¥5.24 | x |
| 2024-12-31 | CN¥5.05 | CN¥5.24 | x |
| 2025-12-31 | CN¥5.16 | CN¥5.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanxi 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): 4.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.87%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 4.42x
- Recent ROE (4.99%) is below the historical average (7.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 37.72% | 47.98% | 0.16x | 5.01x | CN¥613.37 Million |
| 2008 | 11.44% | 35.04% | 0.10x | 3.27x | CN¥34.93 Million |
| 2009 | 20.00% | 40.02% | 0.10x | 4.82x | CN¥309.36 Million |
| 2010 | 7.09% | 28.62% | 0.09x | 2.85x | CN¥-179.90 Million |
| 2011 | 3.24% | 16.98% | 0.09x | 2.20x | CN¥-402.46 Million |
| 2012 | 2.35% | 13.19% | 0.08x | 2.12x | CN¥-461.98 Million |
| 2013 | 3.79% | 19.81% | 0.08x | 2.54x | CN¥-428.13 Million |
| 2014 | 7.99% | 29.93% | 0.07x | 3.75x | CN¥-147.54 Million |
| 2015 | 11.43% | 37.48% | 0.08x | 3.83x | CN¥180.15 Million |
| 2016 | 3.81% | 19.94% | 0.05x | 3.91x | CN¥-760.12 Million |
| 2017 | 3.27% | 9.31% | 0.09x | 4.13x | CN¥-841.29 Million |
| 2018 | 1.79% | 2.73% | 0.14x | 4.61x | CN¥-1.02 Billion |
| 2019 | 4.03% | 8.07% | 0.11x | 4.40x | CN¥-755.26 Million |
| 2020 | 4.44% | 17.13% | 0.07x | 3.71x | CN¥-939.62 Million |
| 2021 | 4.66% | 15.31% | 0.07x | 4.43x | CN¥-920.42 Million |
| 2022 | 3.30% | 10.75% | 0.06x | 4.77x | CN¥-1.16 Billion |
| 2023 | 3.49% | 18.00% | 0.04x | 4.37x | CN¥-1.15 Billion |
| 2024 | 3.96% | 22.66% | 0.04x | 4.49x | CN¥-1.09 Billion |
| 2025 | 4.99% | 27.87% | 0.04x | 4.42x | CN¥-926.43 Million |
Industry Comparison
This section compares Shanxi 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: $23,266,639,925
- Average return on equity (ROE) among peers: 6.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanxi Securities Co Ltd (002500) | CN¥19.03 Billion | 37.72% | 3.78x | $2.75 Billion |
| Shenwan Hongyuan Group Co Ltd (000166) | $15.03 Billion | 26.41% | 4.76x | $15.17 Billion |
| Northeast Securities Co Ltd (000686) | $457.76 Million | 3.28% | 0.18x | $2.78 Billion |
| Guangdong Golden Dragon Development Inc (000712) | $4.48 Billion | -1.99% | 4.29x | $1.25 Billion |
| Guoyuan Securities Co Ltd (000728) | $37.06 Billion | 6.06% | 3.64x | $4.61 Billion |
| Sealand Securities Co Ltd (000750) | $323.04 Million | -2.76% | 1.28x | $3.49 Billion |
| GF Securities Co Ltd (000776) | $94.14 Billion | 8.01% | 3.19x | $18.57 Billion |
| Changjiang Securities Co Ltd (000783) | $12.12 Billion | 5.64% | 1.58x | $6.45 Billion |
| Western Securities Co Ltd (002673) | $26.11 Billion | 4.28% | 1.45x | $4.32 Billion |
| Huaxi Securities Co Ltd Class A (002926) | $19.69 Billion | 7.27% | 2.44x | $3.17 Billion |
About Shanxi Securities Co Ltd
Shanxi Securities Co., Ltd. operates as a securities company in China. The company operates through five segments: Wealth Management, Corporate Finance, Asset Management, Investment, and Institutional Business. The Wealth Management segment is involved in securities brokerage, investment advisory, sale of financial products developed by the company, and other financial institutions, financing. Th… Read more