Guosen Securities Co Ltd (002736) - Net Assets
Based on the latest financial reports, Guosen Securities Co Ltd (002736) has net assets worth CN¥97.37 Billion CNY as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥561.09 Billion) and total liabilities (CN¥463.72 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥97.37 Billion |
| % of Total Assets | 17.35% |
| Annual Growth Rate | 23.68% |
| 5-Year Change | 46.67% |
| 10-Year Change | 137.92% |
| Growth Volatility | 50.48 |
Guosen Securities Co Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Guosen Securities Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Guosen Securities Co Ltd (2005–2024)
The table below shows the annual net assets of Guosen Securities Co Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥118.69 Billion | +7.45% |
| 2023-12-31 | CN¥110.46 Billion | +3.34% |
| 2022-12-31 | CN¥106.89 Billion | +10.27% |
| 2021-12-31 | CN¥96.93 Billion | +19.77% |
| 2020-12-31 | CN¥80.92 Billion | +43.85% |
| 2019-12-31 | CN¥56.26 Billion | +7.10% |
| 2018-12-31 | CN¥52.53 Billion | +0.74% |
| 2017-12-31 | CN¥52.14 Billion | +7.63% |
| 2016-12-31 | CN¥48.44 Billion | -2.89% |
| 2015-12-31 | CN¥49.89 Billion | +52.17% |
| 2014-12-31 | CN¥32.78 Billion | +58.78% |
| 2013-12-31 | CN¥20.65 Billion | +7.53% |
| 2012-12-31 | CN¥19.20 Billion | +8.05% |
| 2011-12-31 | CN¥17.77 Billion | +2.28% |
| 2010-12-31 | CN¥17.38 Billion | +9.58% |
| 2009-12-31 | CN¥15.86 Billion | +40.97% |
| 2008-12-31 | CN¥11.25 Billion | -1.84% |
| 2007-12-31 | CN¥11.46 Billion | +223.33% |
| 2006-12-31 | CN¥3.54 Billion | +69.24% |
| 2005-12-31 | CN¥2.09 Billion | -- |
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 3046148166361.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥30.34 Billion | 25.57% |
| Common Stock | CN¥9.61 Billion | 8.10% |
| Other Components | CN¥78.74 Billion | 66.34% |
| Total Equity | CN¥118.69 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 |
|---|---|
|
Weyerhaeuser Company
NYSE:WY
|
$18.14 Billion |
|
Yantai Jereh Oilfield Services Group Co Ltd
SHE:002353
|
$18.16 Billion |
|
Yuanjie Semiconductor Technology Co. Ltd. A
SHG:688498
|
$18.17 Billion |
|
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk
F:PTI
|
$18.18 Billion |
|
Chocoladefabriken Lindt & Spruengli AG N
SW:LISN
|
$18.11 Billion |
|
Geberit AG
SW:GEBN
|
$18.11 Billion |
|
Henderson Land Development Company Limited
F:HLD
|
$18.08 Billion |
|
JSC National Atomic Company Kazatomprom
IL:KAP
|
$18.08 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 2023 to 2024, total equity changed from 110,459,524,000 to 118,692,045,000, a change of 8,232,521,000 (7.5%).
- Net income of 8,216,853,230 contributed positively to equity growth.
- Dividend payments of 7,048,733,592 reduced retained earnings.
- Other comprehensive income decreased equity by 23,292,034,000.
- Other factors increased equity by 30,356,435,362.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥8.22 Billion | +6.92% |
| Dividends Paid | CN¥7.05 Billion | -5.94% |
| Other Comprehensive Income | CN¥-23.29 Billion | -19.62% |
| Other Changes | CN¥30.36 Billion | +25.58% |
| Total Change | CN¥- | 7.45% |
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: 1.16x
- 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 40.94x to 1.16x 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¥12.09 | x |
| 2006-12-31 | CN¥0.50 | CN¥12.09 | x |
| 2007-12-31 | CN¥1.58 | CN¥12.09 | x |
| 2008-12-31 | CN¥1.54 | CN¥12.09 | x |
| 2009-12-31 | CN¥2.23 | CN¥12.09 | x |
| 2010-12-31 | CN¥2.50 | CN¥12.09 | x |
| 2011-12-31 | CN¥2.54 | CN¥12.09 | x |
| 2012-12-31 | CN¥2.70 | CN¥12.09 | x |
| 2013-12-31 | CN¥1.78 | CN¥12.09 | x |
| 2014-12-31 | CN¥4.66 | CN¥12.09 | x |
| 2015-12-31 | CN¥6.08 | CN¥12.09 | x |
| 2016-12-31 | CN¥5.95 | CN¥12.09 | x |
| 2017-12-31 | CN¥5.92 | CN¥12.09 | x |
| 2018-12-31 | CN¥5.82 | CN¥12.09 | x |
| 2019-12-31 | CN¥6.85 | CN¥12.09 | x |
| 2020-12-31 | CN¥8.81 | CN¥12.09 | x |
| 2021-12-31 | CN¥10.08 | CN¥12.09 | x |
| 2022-12-31 | CN¥11.12 | CN¥12.09 | x |
| 2023-12-31 | CN¥11.49 | CN¥12.09 | x |
| 2024-12-31 | CN¥10.40 | CN¥12.09 | 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): 6.92%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 31.48%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 4.23x
- Recent ROE (6.92%) is below the historical average (15.88%), 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 | 9.63% | 30.89% | 0.10x | 3.16x | CN¥-71.91 Million |
| 2013 | 10.20% | 31.58% | 0.09x | 3.63x | 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 | 6.53% | 23.71% | 0.07x | 4.04x | CN¥-1.82 Billion |
| 2019 | 8.74% | 27.48% | 0.08x | 4.00x | CN¥-710.72 Million |
| 2020 | 8.18% | 29.93% | 0.07x | 3.74x | 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 |
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: $22,120,640,325
- Average return on equity (ROE) among peers: 11.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guosen Securities Co Ltd (002736) | CN¥97.37 Billion | 2.40% | 4.76x | $18.12 Billion |
| CNPC Capital Co Ltd (000617) | $120.58 Billion | 4.59% | 5.43x | $17.44 Billion |
| Guangzhou Friendship Group Co Ltd (000987) | $1.32 Billion | 21.64% | 0.71x | $6.58 Billion |
| Rendong Holdings Co Ltd (002647) | $969.62 Million | -2.62% | 2.71x | $1.74 Billion |
| Guosheng Financial Holding Inc (002670) | $11.73 Billion | 0.66% | 1.89x | $4.14 Billion |
| First Capital Securities Co Ltd Class A (002797) | $5.47 Billion | 9.29% | 2.86x | $4.89 Billion |
| Shanghai Chinafortune Co Ltd (600621) | $1.84 Billion | 8.40% | 0.98x | $2.20 Billion |
| China Galaxy Securities Co Ltd Class A (601881) | $12.94 Billion | 35.08% | 7.13x | $13.69 Billion |
About Guosen Securities Co Ltd
Guosen Securities Co., Ltd. provides financial products and services to individual and institutional clients in China. It operates through five segments; Brokerage and Wealth Management; Investment Banking; Investment and Trading; Asset Management; and Other. The company offers securities brokerage, futures brokerage, agency sales of financial products, asset custody, investment consulting, margi… Read more