First Capital Securities Co Ltd Class A
First Capital Securities Co., Ltd. engages in securities business in China. The company offers fixed-income products, such as treasury bonds, central bank bills, policy financial bonds and short-term financing bonds, medium-term notes, non-publicly oriented debt financing instruments, government bonds, corporate bonds, financial bonds, and other fixed-income products, as well as provides interest… Read more
First Capital Securities Co Ltd Class A (002797) - Net Assets
Latest net assets as of September 2025: CN¥17.63 Billion CNY
Based on the latest financial reports, First Capital Securities Co Ltd Class A (002797) has net assets worth CN¥17.63 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¥54.90 Billion) and total liabilities (CN¥37.27 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¥17.63 Billion |
| % of Total Assets | 32.11% |
| Annual Growth Rate | 17.82% |
| 5-Year Change | 16.46% |
| 10-Year Change | 155.7% |
| Growth Volatility | 23.88 |
First Capital Securities Co Ltd Class A - Net Assets Trend (2005–2024)
This chart illustrates how First Capital Securities Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for First Capital Securities Co Ltd Class A (2005–2024)
The table below shows the annual net assets of First Capital Securities Co Ltd Class A from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥16.81 Billion | +9.93% |
| 2023-12-31 | CN¥15.29 Billion | +0.21% |
| 2022-12-31 | CN¥15.26 Billion | +1.81% |
| 2021-12-31 | CN¥14.99 Billion | +3.84% |
| 2020-12-31 | CN¥14.44 Billion | +51.72% |
| 2019-12-31 | CN¥9.51 Billion | +6.97% |
| 2018-12-31 | CN¥8.89 Billion | -3.22% |
| 2017-12-31 | CN¥9.19 Billion | +0.76% |
| 2016-12-31 | CN¥9.12 Billion | +38.72% |
| 2015-12-31 | CN¥6.57 Billion | +20.23% |
| 2014-12-31 | CN¥5.47 Billion | +13.49% |
| 2013-12-31 | CN¥4.82 Billion | +2.47% |
| 2012-12-31 | CN¥4.70 Billion | +4.94% |
| 2011-12-31 | CN¥4.48 Billion | +44.43% |
| 2010-12-31 | CN¥3.10 Billion | +9.97% |
| 2009-12-31 | CN¥2.82 Billion | +12.50% |
| 2008-12-31 | CN¥2.51 Billion | +94.50% |
| 2007-12-31 | CN¥1.29 Billion | +40.58% |
| 2006-12-31 | CN¥917.31 Million | +23.10% |
| 2005-12-31 | CN¥745.16 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Capital Securities Co Ltd Class A'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 293201780112.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.91 Billion | 17.86% |
| Common Stock | CN¥4.20 Billion | 25.77% |
| Other Components | CN¥9.19 Billion | 56.37% |
| Total Equity | CN¥16.31 Billion | 100.00% |
First Capital Securities Co Ltd Class A Competitors by Market Cap
The table below lists competitors of First Capital Securities Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BILL Holdings, Inc.
LSE:0A75
|
$3.31 Billion |
|
Liberty Global PLC
NASDAQ:LBTYA
|
$3.31 Billion |
|
Bohai Leasing Co Ltd
SHE:000415
|
$3.31 Billion |
|
Eldorado Resorts Inc
F:2ER
|
$3.31 Billion |
|
SK Innovation Co Ltd Pref
KO:096775
|
$3.30 Billion |
|
Spar Nord Bank
CO:SPNO
|
$3.30 Billion |
|
Changjiang Securities Co Ltd
SHE:000783
|
$3.30 Billion |
|
Mapletree Logistics Trust
PINK:MAPGF
|
$3.29 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Capital Securities Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,820,907,771 to 16,305,769,337, a change of 1,484,861,566 (10.0%).
- Net income of 903,629,183 contributed positively to equity growth.
- Dividend payments of 402,613,412 reduced retained earnings.
- Other comprehensive income decreased equity by 2,066,464,757.
- Other factors increased equity by 3,050,310,552.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥903.63 Million | +5.54% |
| Dividends Paid | CN¥402.61 Million | -2.47% |
| Other Comprehensive Income | CN¥-2.07 Billion | -12.67% |
| Other Changes | CN¥3.05 Billion | +18.71% |
| Total Change | CN¥- | 10.02% |
Book Value vs Market Value Analysis
This analysis compares First Capital Securities Co Ltd Class A'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: 1.94x
- 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 12.35x to 1.94x 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¥0.62 | CN¥7.71 | x |
| 2006-12-31 | CN¥0.76 | CN¥7.71 | x |
| 2007-12-31 | CN¥1.08 | CN¥7.71 | x |
| 2008-12-31 | CN¥2.10 | CN¥7.71 | x |
| 2009-12-31 | CN¥0.92 | CN¥7.71 | x |
| 2010-12-31 | CN¥1.02 | CN¥7.71 | x |
| 2011-12-31 | CN¥1.38 | CN¥7.71 | x |
| 2012-12-31 | CN¥1.46 | CN¥7.71 | x |
| 2013-12-31 | CN¥1.40 | CN¥7.71 | x |
| 2014-12-31 | CN¥1.64 | CN¥7.71 | x |
| 2015-12-31 | CN¥1.96 | CN¥7.71 | x |
| 2016-12-31 | CN¥2.61 | CN¥7.71 | x |
| 2017-12-31 | CN¥2.53 | CN¥7.71 | x |
| 2018-12-31 | CN¥2.48 | CN¥7.71 | x |
| 2019-12-31 | CN¥2.64 | CN¥7.71 | x |
| 2020-12-31 | CN¥3.60 | CN¥7.71 | x |
| 2021-12-31 | CN¥3.43 | CN¥7.71 | x |
| 2022-12-31 | CN¥3.48 | CN¥7.71 | x |
| 2023-12-31 | CN¥3.59 | CN¥7.71 | x |
| 2024-12-31 | CN¥3.97 | CN¥7.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Capital Securities Co Ltd Class A 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): 5.54%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.25%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 3.23x
- Recent ROE (5.54%) is below the historical average (8.64%), 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 | -4.68% | -56.89% | 0.05x | 1.66x | CN¥-109.43 Million |
| 2006 | 14.01% | 29.35% | 0.19x | 2.58x | CN¥36.76 Million |
| 2007 | 51.49% | 60.56% | 0.17x | 4.98x | CN¥535.04 Million |
| 2008 | 6.79% | 30.45% | 0.10x | 2.30x | CN¥-80.32 Million |
| 2009 | 14.93% | 44.88% | 0.12x | 2.79x | CN¥139.17 Million |
| 2010 | 11.23% | 37.85% | 0.10x | 2.90x | CN¥38.25 Million |
| 2011 | 4.30% | 19.08% | 0.10x | 2.30x | CN¥-241.17 Million |
| 2012 | 4.72% | 18.91% | 0.10x | 2.43x | CN¥-234.63 Million |
| 2013 | 3.57% | 17.16% | 0.08x | 2.48x | CN¥-292.73 Million |
| 2014 | 9.90% | 28.76% | 0.08x | 4.11x | CN¥-5.26 Million |
| 2015 | 16.60% | 35.79% | 0.09x | 5.41x | CN¥406.18 Million |
| 2016 | 6.52% | 28.96% | 0.06x | 3.68x | CN¥-299.51 Million |
| 2017 | 4.77% | 23.12% | 0.06x | 3.74x | CN¥-462.88 Million |
| 2018 | 1.45% | 5.36% | 0.07x | 3.89x | CN¥-730.67 Million |
| 2019 | 5.67% | 16.53% | 0.09x | 3.93x | CN¥-391.29 Million |
| 2020 | 5.83% | 22.94% | 0.09x | 2.93x | CN¥-580.10 Million |
| 2021 | 5.17% | 20.51% | 0.08x | 2.99x | CN¥-696.63 Million |
| 2022 | 2.74% | 13.35% | 0.06x | 3.27x | CN¥-1.06 Billion |
| 2023 | 2.23% | 11.12% | 0.07x | 3.06x | CN¥-1.15 Billion |
| 2024 | 5.54% | 23.25% | 0.07x | 3.23x | CN¥-726.95 Million |
Industry Comparison
This section compares First Capital Securities Co Ltd Class A's net assets metrics with peer companies in the Financial Conglomerates industry.
Industry Context
- Industry: Financial Conglomerates
- Average net assets among peers: $14,141,809,050
- Average return on equity (ROE) among peers: 6.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Capital Securities Co Ltd Class A (002797) | CN¥17.63 Billion | -4.68% | 2.11x | $3.31 Billion |
| CNPC Capital Co Ltd (000617) | $835.83 Million | 6.31% | 1.65x | $3.22 Billion |
| Guangzhou Friendship Group Co Ltd (000987) | $18.34 Billion | 3.45% | 3.18x | $1.40 Billion |
| Rendong Holdings Co Ltd (002647) | $-649.07 Million | 0.00% | 0.00x | $1.34 Billion |
| Guosheng Financial Holding Inc (002670) | $11.13 Billion | 1.50% | 3.10x | $1.14 Billion |
| Minmetals Capital Co Ltd (600390) | $57.11 Billion | 5.96% | 1.57x | $1.49 Billion |
| Shanghai Chinafortune Co Ltd (600621) | $871.69 Million | -14.47% | 0.62x | $969.43 Million |
| China Galaxy Securities Co Ltd Class A (601881) | $11.35 Billion | 45.14% | 7.32x | $10.64 Billion |