China Great Wall Securities Co Ltd Class A (002939) - Net Assets
Based on the latest financial reports, China Great Wall Securities Co Ltd Class A (002939) has net assets worth CN¥32.08 Billion CNY (≈ $4.69 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥135.96 Billion ≈ $19.90 Billion USD) and total liabilities (CN¥103.88 Billion ≈ $15.20 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 002939 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥32.08 Billion |
| % of Total Assets | 23.6% |
| Annual Growth Rate | 33.43% |
| 5-Year Change | 64.57% |
| 10-Year Change | 120.48% |
| Growth Volatility | 332.25 |
China Great Wall Securities Co Ltd Class A - Net Assets Trend (2005–2024)
This chart illustrates how China Great Wall Securities Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Also explore 002939 total assets for the complete picture of this company's asset base.
Annual Net Assets for China Great Wall Securities Co Ltd Class A (2005–2024)
The table below shows the annual net assets of China Great Wall Securities Co Ltd Class A from 2005 to 2024. For live valuation and market cap data, see how much is China Great Wall Securities Co Ltd Class worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥30.49 Billion ≈ $4.46 Billion |
+4.89% |
| 2023-12-31 | CN¥29.07 Billion ≈ $4.25 Billion |
+3.53% |
| 2022-12-31 | CN¥28.08 Billion ≈ $4.11 Billion |
+39.60% |
| 2021-12-31 | CN¥20.11 Billion ≈ $2.94 Billion |
+8.56% |
| 2020-12-31 | CN¥18.53 Billion ≈ $2.71 Billion |
+6.77% |
| 2019-12-31 | CN¥17.35 Billion ≈ $2.54 Billion |
+4.01% |
| 2018-12-31 | CN¥16.68 Billion ≈ $2.44 Billion |
+15.29% |
| 2017-12-31 | CN¥14.47 Billion ≈ $2.12 Billion |
+3.99% |
| 2016-12-31 | CN¥13.92 Billion ≈ $2.04 Billion |
+0.62% |
| 2015-12-31 | CN¥13.83 Billion ≈ $2.02 Billion |
+89.67% |
| 2014-12-31 | CN¥7.29 Billion ≈ $1.07 Billion |
+16.64% |
| 2013-12-31 | CN¥6.25 Billion ≈ $914.76 Million |
-2.82% |
| 2012-12-31 | CN¥6.43 Billion ≈ $941.35 Million |
+2.72% |
| 2011-12-31 | CN¥6.26 Billion ≈ $916.41 Million |
-2.45% |
| 2010-12-31 | CN¥6.42 Billion ≈ $939.41 Million |
-2.99% |
| 2009-12-31 | CN¥6.62 Billion ≈ $968.40 Million |
+7.82% |
| 2008-12-31 | CN¥6.14 Billion ≈ $898.20 Million |
-4.43% |
| 2007-12-31 | CN¥6.42 Billion ≈ $939.84 Million |
+1493.40% |
| 2006-12-31 | CN¥403.08 Million ≈ $58.98 Million |
+217.16% |
| 2005-12-31 | CN¥127.09 Million ≈ $18.60 Million |
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Equity Component Analysis
This analysis shows how different components contribute to China Great Wall 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 617388791319.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.28 Billion | 17.59% |
| Common Stock | CN¥4.03 Billion | 13.45% |
| Other Comprehensive Income | CN¥4.85 Billion | 16.16% |
| Other Components | CN¥15.84 Billion | 52.81% |
| Total Equity | CN¥30.00 Billion | 100.00% |
China Great Wall Securities Co Ltd Class A Competitors by Market Cap
The table below lists competitors of China Great Wall Securities Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Legence Corp. Class A Common stock
NASDAQ:LGN
|
$5.25 Billion |
|
Ollie's Bargain Outlet Hldg
NASDAQ:OLLI
|
$5.25 Billion |
|
Etsy, Inc.
NASDAQ:ETSY
|
$5.26 Billion |
|
H Lundbeck A/S
CO:HLUN-B
|
$5.26 Billion |
|
GalaxyCore Inc
SHG:688728
|
$5.25 Billion |
|
Gecina SA
PA:GFC
|
$5.25 Billion |
|
Ming Yang Smart Energy Group Ltd
SHG:601615
|
$5.24 Billion |
|
Immunovant Inc
NASDAQ:IMVT
|
$5.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Great Wall 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 28,589,508,323 to 29,996,719,416, a change of 1,407,211,093 (4.9%).
- Net income of 1,579,705,498 contributed positively to equity growth.
- Dividend payments of 1,666,320,112 reduced retained earnings.
- Other comprehensive income increased equity by 4,890,088,565.
- Other factors decreased equity by 3,396,262,858.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.58 Billion | +5.27% |
| Dividends Paid | CN¥1.67 Billion | -5.56% |
| Other Comprehensive Income | CN¥4.89 Billion | +16.3% |
| Other Changes | CN¥-3.40 Billion | -11.32% |
| Total Change | CN¥- | 4.92% |
Book Value vs Market Value Analysis
This analysis compares China Great Wall 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: 1.20x
- 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 94.92x to 1.20x 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¥0.09 | CN¥8.89 | x |
| 2006-12-31 | CN¥0.43 | CN¥8.89 | x |
| 2007-12-31 | CN¥4.48 | CN¥8.89 | x |
| 2008-12-31 | CN¥2.74 | CN¥8.89 | x |
| 2009-12-31 | CN¥3.05 | CN¥8.89 | x |
| 2010-12-31 | CN¥2.95 | CN¥8.89 | x |
| 2011-12-31 | CN¥2.96 | CN¥8.89 | x |
| 2012-12-31 | CN¥2.74 | CN¥8.89 | x |
| 2013-12-31 | CN¥2.00 | CN¥8.89 | x |
| 2014-12-31 | CN¥3.50 | CN¥8.89 | x |
| 2015-12-31 | CN¥6.27 | CN¥8.89 | x |
| 2016-12-31 | CN¥4.97 | CN¥8.89 | x |
| 2017-12-31 | CN¥5.16 | CN¥8.89 | x |
| 2018-12-31 | CN¥5.92 | CN¥8.89 | x |
| 2019-12-31 | CN¥5.45 | CN¥8.89 | x |
| 2020-12-31 | CN¥5.82 | CN¥8.89 | x |
| 2021-12-31 | CN¥6.31 | CN¥8.89 | x |
| 2022-12-31 | CN¥7.97 | CN¥8.89 | x |
| 2023-12-31 | CN¥7.04 | CN¥8.89 | x |
| 2024-12-31 | CN¥7.41 | CN¥8.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Great Wall 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): 5.27%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 31.23%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 4.11x
- Recent ROE (5.27%) is below the historical average (14.50%), 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 | 29.52% | 30.86% | 0.05x | 17.88x | CN¥24.81 Million |
| 2006 | 115.37% | 48.65% | 0.23x | 10.46x | CN¥424.74 Million |
| 2007 | 27.22% | 48.05% | 0.21x | 2.67x | CN¥1.05 Billion |
| 2008 | 9.13% | 38.39% | 0.11x | 2.21x | CN¥-50.37 Million |
| 2009 | 11.47% | 34.64% | 0.11x | 2.94x | CN¥91.68 Million |
| 2010 | 7.45% | 26.60% | 0.09x | 2.98x | CN¥-153.10 Million |
| 2011 | 3.72% | 16.96% | 0.09x | 2.47x | CN¥-366.55 Million |
| 2012 | 2.55% | 15.51% | 0.06x | 2.81x | CN¥-445.02 Million |
| 2013 | 6.29% | 28.82% | 0.07x | 3.02x | CN¥-230.22 Million |
| 2014 | 9.99% | 32.03% | 0.07x | 4.54x | CN¥-661.31K |
| 2015 | 13.72% | 39.57% | 0.10x | 3.60x | CN¥511.64 Million |
| 2016 | 7.04% | 29.63% | 0.08x | 3.16x | CN¥-408.86 Million |
| 2017 | 6.20% | 32.54% | 0.06x | 3.03x | CN¥-546.06 Million |
| 2018 | 3.54% | 16.61% | 0.07x | 2.93x | CN¥-1.07 Billion |
| 2019 | 5.86% | 21.59% | 0.08x | 3.49x | CN¥-699.77 Million |
| 2020 | 8.31% | 19.87% | 0.10x | 4.00x | CN¥-305.93 Million |
| 2021 | 9.01% | 20.81% | 0.09x | 4.73x | CN¥-193.49 Million |
| 2022 | 3.26% | 23.55% | 0.04x | 3.64x | CN¥-1.86 Billion |
| 2023 | 5.03% | 28.41% | 0.04x | 4.04x | CN¥-1.42 Billion |
| 2024 | 5.27% | 31.23% | 0.04x | 4.11x | CN¥-1.42 Billion |
Industry Comparison
This section compares China Great Wall Securities Co Ltd Class A's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $12,822,562,853
- Average return on equity (ROE) among peers: 7.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Great Wall Securities Co Ltd Class A (002939) | CN¥32.08 Billion | 29.52% | 3.24x | $5.25 Billion |
| Shenwan Hongyuan Group Co Ltd (000166) | $19.38 Billion | 9.72% | 2.65x | $15.63 Billion |
| Northeast Securities Co Ltd (000686) | $19.59 Billion | 4.46% | 3.55x | $2.97 Billion |
| Guangdong Golden Dragon Development Inc (000712) | $2.25 Billion | 1.05% | 0.21x | $1.37 Billion |
| Guoyuan Securities Co Ltd (000728) | $2.55 Billion | 21.64% | 2.23x | $4.69 Billion |
| Sealand Securities Co Ltd (000750) | $22.72 Billion | 1.44% | 2.07x | $3.65 Billion |
| GF Securities Co Ltd (000776) | $431.06 Million | 6.01% | 0.62x | $18.34 Billion |
| Changjiang Securities Co Ltd (000783) | $9.12 Billion | 15.04% | 2.88x | $6.47 Billion |
| Shanxi Securities Co Ltd (002500) | $13.26 Billion | 3.08% | 2.89x | $2.97 Billion |
| Western Securities Co Ltd (002673) | $26.11 Billion | 4.28% | 1.45x | $4.70 Billion |
| Huaxi Securities Co Ltd Class A (002926) | $12.82 Billion | 7.95% | 2.94x | $3.35 Billion |
About China Great Wall Securities Co Ltd Class A
China Great Wall Securities Co.,Ltd. operates as a securities company in China. It is involved in multi-functional financial business system. China Great Wall Securities Co.,Ltd. was founded in 1995 and is headquartered in Shenzhen, China.