Guosen Securities Co Ltd (002736) - Net Assets

Latest as of March 2026: CN¥140.51 Billion CNY ≈ $20.56 Billion USD

Based on the latest financial reports, Guosen Securities Co Ltd (002736) has net assets worth CN¥140.51 Billion CNY (≈ $20.56 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¥593.50 Billion ≈ $86.85 Billion USD) and total liabilities (CN¥452.99 Billion ≈ $66.29 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 Guosen Securities Co Ltd (002736) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥140.51 Billion
% of Total Assets	23.67%
Annual Growth Rate	23.0%
5-Year Change	35.78%
10-Year Change	171.67%
Growth Volatility	49.38

Guosen Securities Co Ltd - Net Assets Trend (2005–2025)

This chart illustrates how Guosen Securities Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Guosen Securities Co Ltd to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Guosen Securities Co Ltd (2005–2025)

The table below shows the annual net assets of Guosen Securities Co Ltd from 2005 to 2025. For live valuation and market cap data, see Guosen Securities Co Ltd stock valuation.

Year	Net Assets	Change
2025-12-31	CN¥131.61 Billion ≈ $19.26 Billion	+10.88%
2024-12-31	CN¥118.69 Billion ≈ $17.37 Billion	+7.45%
2023-12-31	CN¥110.46 Billion ≈ $16.16 Billion	+3.34%
2022-12-31	CN¥106.89 Billion ≈ $15.64 Billion	+10.27%
2021-12-31	CN¥96.93 Billion ≈ $14.18 Billion	+19.77%
2020-12-31	CN¥80.92 Billion ≈ $11.84 Billion	+43.85%
2019-12-31	CN¥56.26 Billion ≈ $8.23 Billion	+8.12%
2018-12-31	CN¥52.03 Billion ≈ $7.61 Billion	-0.22%
2017-12-31	CN¥52.14 Billion ≈ $7.63 Billion	+7.63%
2016-12-31	CN¥48.44 Billion ≈ $7.09 Billion	-2.89%
2015-12-31	CN¥49.89 Billion ≈ $7.30 Billion	+52.17%
2014-12-31	CN¥32.78 Billion ≈ $4.80 Billion	+58.78%
2013-12-31	CN¥20.65 Billion ≈ $3.02 Billion	+9.80%
2012-12-31	CN¥18.80 Billion ≈ $2.75 Billion	+5.82%
2011-12-31	CN¥17.77 Billion ≈ $2.60 Billion	+2.28%
2010-12-31	CN¥17.38 Billion ≈ $2.54 Billion	+9.58%
2009-12-31	CN¥15.86 Billion ≈ $2.32 Billion	+40.97%
2008-12-31	CN¥11.25 Billion ≈ $1.65 Billion	-1.84%
2007-12-31	CN¥11.46 Billion ≈ $1.68 Billion	+223.33%
2006-12-31	CN¥3.54 Billion ≈ $518.55 Million	+69.24%
2005-12-31	CN¥2.09 Billion ≈ $306.40 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Guosen 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 3271491564274.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥32.60 Billion	24.81%
Other Components	CN¥98.80 Billion	75.19%
Total Equity	CN¥131.39 Billion	100.00%

Guosen Securities Co Ltd Competitors by Market Cap

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

Company	Market Cap
Clean Harbors Inc NYSE:CLH	$15.15 Billion
Lundin Gold Inc TO:LUG	$15.16 Billion
HAIER SM.HME UNSP.ADR/4 F:HAI0	$15.17 Billion
Daqin Railway Co Ltd SHG:601006	$15.18 Billion
True Corporation Public Company Limited BK:TRUE	$15.08 Billion
Yum China Holdings Inc NYSE:YUMC	$15.07 Billion
Kasikornbank Public Company Limited BK:KBANK	$15.07 Billion
GENMAB AS SP.ADR/1/10DK 1 F:GE91	$15.06 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 118,692,045,000 to 131,393,345,377, a change of 12,701,300,377 (10.7%).
Net income of 11,072,761,041 contributed positively to equity growth.
Dividend payments of 7,841,895,721 reduced retained earnings.
Other factors increased equity by 9,470,435,056.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥11.07 Billion	+8.43%
Dividends Paid	CN¥7.84 Billion	-5.97%
Other Changes	CN¥9.47 Billion	+7.21%
Total Change	CN¥-	10.70%

Book Value vs Market Value Analysis

This analysis compares Guosen 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: 0.79x
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 34.20x to 0.79x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-12-31	CN¥0.30	CN¥10.10	x
2006-12-31	CN¥0.50	CN¥10.10	x
2007-12-31	CN¥1.58	CN¥10.10	x
2008-12-31	CN¥1.54	CN¥10.10	x
2009-12-31	CN¥2.23	CN¥10.10	x
2010-12-31	CN¥2.50	CN¥10.10	x
2011-12-31	CN¥2.54	CN¥10.10	x
2012-12-31	CN¥2.65	CN¥10.10	x
2013-12-31	CN¥1.78	CN¥10.10	x
2014-12-31	CN¥4.66	CN¥10.10	x
2015-12-31	CN¥6.08	CN¥10.10	x
2016-12-31	CN¥5.95	CN¥10.10	x
2017-12-31	CN¥5.92	CN¥10.10	x
2018-12-31	CN¥5.77	CN¥10.10	x
2019-12-31	CN¥6.85	CN¥10.10	x
2020-12-31	CN¥8.81	CN¥10.10	x
2021-12-31	CN¥10.08	CN¥10.10	x
2022-12-31	CN¥11.12	CN¥10.10	x
2023-12-31	CN¥11.49	CN¥10.10	x
2024-12-31	CN¥10.40	CN¥10.10	x
2025-12-31	CN¥12.83	CN¥10.10	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Guosen 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): 8.43%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 46.72%
• Asset Turnover: 0.04x
• Equity Multiplier: 4.39x
Recent ROE (8.43%) is below the historical average (15.54%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	2.40%	19.07%	0.05x	2.67x	CN¥-159.23 Million
2006	44.62%	53.85%	0.20x	4.05x	CN¥1.23 Billion
2007	63.98%	52.84%	0.20x	5.92x	CN¥5.99 Billion
2008	18.18%	35.93%	0.12x	4.25x	CN¥893.24 Million
2009	26.94%	49.10%	0.11x	4.97x	CN¥2.62 Billion
2010	17.90%	39.16%	0.12x	3.73x	CN¥1.37 Billion
2011	10.25%	28.57%	0.11x	3.15x	CN¥44.53 Million
2012	9.83%	30.89%	0.10x	3.08x	CN¥-32.18 Million
2013	10.20%	31.58%	0.09x	3.69x	CN¥41.99 Million
2014	15.03%	42.17%	0.07x	4.92x	CN¥1.65 Billion
2015	27.97%	48.49%	0.12x	4.90x	CN¥8.96 Billion
2016	9.42%	36.58%	0.06x	3.99x	CN¥-282.92 Million
2017	8.78%	39.53%	0.06x	3.83x	CN¥-633.29 Million
2018	6.59%	23.71%	0.07x	4.07x	CN¥-1.77 Billion
2019	8.74%	27.48%	0.08x	4.00x	CN¥-710.72 Million
2020	8.18%	29.93%	0.07x	3.75x	CN¥-1.48 Billion
2021	10.44%	36.06%	0.08x	3.74x	CN¥423.75 Million
2022	5.70%	29.50%	0.05x	3.69x	CN¥-4.60 Billion
2023	5.82%	28.28%	0.05x	4.19x	CN¥-4.62 Billion
2024	6.92%	31.48%	0.05x	4.23x	CN¥-3.65 Billion
2025	8.43%	46.72%	0.04x	4.39x	CN¥-2.07 Billion

Industry Comparison

This section compares Guosen Securities Co Ltd's net assets metrics with peer companies in the Financial Conglomerates industry.

Industry Context

Industry: Financial Conglomerates
Average net assets among peers: $15,794,068,123
Average return on equity (ROE) among peers: 6.82%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Guosen Securities Co Ltd (002736)	CN¥140.51 Billion	2.40%	3.22x	$15.14 Billion
CNPC Capital Co Ltd (000617)	$789.07 Million	13.21%	1.58x	$14.19 Billion
Guangzhou Friendship Group Co Ltd (000987)	$684.77 Million	7.64%	0.52x	$5.79 Billion
Rendong Holdings Co Ltd (002647)	$1.12 Billion	-4.26%	1.38x	$2.14 Billion
Guosheng Financial Holding Inc (002670)	$294.42 Million	14.68%	0.66x	$3.17 Billion
First Capital Securities Co Ltd Class A (002797)	$4.82 Billion	3.38%	1.35x	$4.18 Billion
Minmetals Capital Co Ltd (600390)	$58.37 Billion	4.33%	1.62x	$3.14 Billion
Shanghai Chinafortune Co Ltd (600621)	$1.92 Billion	6.78%	0.87x	$2.01 Billion
China Galaxy Securities Co Ltd Class A (601881)	$58.35 Billion	8.83%	3.21x	$13.05 Billion

About Guosen Securities Co Ltd

SHE:002736 China Financial Conglomerates

Market Cap

$15.14 Billion

CN¥103.44 Billion CNY

Market Cap Rank

#1627 Global

#170 in China

Share Price

CN¥10.10

Change (1 day)

-0.69%

52-Week Range

CN¥9.95 - CN¥15.54

All Time High

CN¥18.15