China Great Wall Securities Co Ltd Class A (002939) - Net Assets

Latest as of March 2026: CN¥33.12 Billion CNY ≈ $4.85 Billion USD

Based on the latest financial reports, China Great Wall Securities Co Ltd Class A (002939) has net assets worth CN¥33.12 Billion CNY (≈ $4.85 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¥147.13 Billion ≈ $21.53 Billion USD) and total liabilities (CN¥114.01 Billion ≈ $16.68 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 China Great Wall Securities Co Ltd Class (002939) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥33.12 Billion
% of Total Assets	22.51%
Annual Growth Rate	31.92%
5-Year Change	60.93%
10-Year Change	132.61%
Growth Volatility	189.67

China Great Wall Securities Co Ltd Class A - Net Assets Trend (2005–2025)

This chart illustrates how China Great Wall Securities Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. See 002939 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for China Great Wall Securities Co Ltd Class A (2005–2025)

The table below shows the annual net assets of China Great Wall Securities Co Ltd Class A from 2005 to 2025. For live valuation and market cap data, see how much is China Great Wall Securities Co Ltd Class worth.

Year	Net Assets	Change
2025-12-31	CN¥32.37 Billion ≈ $4.74 Billion	+6.16%
2024-12-31	CN¥30.49 Billion ≈ $4.46 Billion	+4.89%
2023-12-31	CN¥29.07 Billion ≈ $4.25 Billion	+3.52%
2022-12-31	CN¥28.08 Billion ≈ $4.11 Billion	+39.62%
2021-12-31	CN¥20.11 Billion ≈ $2.94 Billion	+8.75%
2020-12-31	CN¥18.50 Billion ≈ $2.71 Billion	+6.59%
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	+0.05%
2015-12-31	CN¥13.91 Billion ≈ $2.04 Billion	+90.76%
2014-12-31	CN¥7.29 Billion ≈ $1.07 Billion	+16.64%
2013-12-31	CN¥6.25 Billion ≈ $914.76 Million	+3.63%
2012-12-31	CN¥6.03 Billion ≈ $882.74 Million	-3.90%
2011-12-31	CN¥6.28 Billion ≈ $918.58 Million	-1.95%
2010-12-31	CN¥6.40 Billion ≈ $936.81 Million	-3.26%
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	+757.46%
2006-12-31	CN¥749.04 Million ≈ $109.61 Million	+489.38%
2005-12-31	CN¥127.09 Million ≈ $18.60 Million	--

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 722063718335.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥6.32 Billion	19.83%
Other Components	CN¥25.55 Billion	80.17%
Total Equity	CN¥31.88 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
Changzhou Xingyu Automotive Lighting Systems Co Ltd SHG:601799	$4.97 Billion
Companhia Energetica de Minas Gerais CEMIG Pref ADR NYSE:CIG	$4.97 Billion
Essent Group Ltd. F:EG0	$4.98 Billion
Willscot Mobile Mini Holdings Corp A NASDAQ:WSC	$4.98 Billion
Duolingo Inc NASDAQ:DUOL	$4.96 Billion
Alkermes plc F:8AK	$4.96 Billion
Meritage Corporation NYSE:MTH	$4.96 Billion
Scout24 AG XETRA:G24	$4.96 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 2024 to 2025, total equity changed from 29,996,719,000 to 31,876,272,230, a change of 1,879,553,230 (6.3%).
Net income of 2,351,600,066 contributed positively to equity growth.
Dividend payments of 1,577,753,300 reduced retained earnings.
Other comprehensive income decreased equity by 4,846,839,677.
Other factors increased equity by 5,952,546,142.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥2.35 Billion	+7.38%
Dividends Paid	CN¥1.58 Billion	-4.95%
Other Comprehensive Income	CN¥-4.85 Billion	-15.21%
Other Changes	CN¥5.95 Billion	+18.67%
Total Change	CN¥-	6.27%

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: 1.06x
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 89.79x to 1.06x 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¥8.41	x
2006-12-31	CN¥0.70	CN¥8.41	x
2007-12-31	CN¥4.48	CN¥8.41	x
2008-12-31	CN¥2.74	CN¥8.41	x
2009-12-31	CN¥3.05	CN¥8.41	x
2010-12-31	CN¥2.95	CN¥8.41	x
2011-12-31	CN¥2.97	CN¥8.41	x
2012-12-31	CN¥2.73	CN¥8.41	x
2013-12-31	CN¥2.00	CN¥8.41	x
2014-12-31	CN¥3.50	CN¥8.41	x
2015-12-31	CN¥6.30	CN¥8.41	x
2016-12-31	CN¥4.97	CN¥8.41	x
2017-12-31	CN¥5.16	CN¥8.41	x
2018-12-31	CN¥5.92	CN¥8.41	x
2019-12-31	CN¥5.45	CN¥8.41	x
2020-12-31	CN¥5.81	CN¥8.41	x
2021-12-31	CN¥6.31	CN¥8.41	x
2022-12-31	CN¥7.97	CN¥8.41	x
2023-12-31	CN¥7.04	CN¥8.41	x
2024-12-31	CN¥7.41	CN¥8.41	x
2025-12-31	CN¥7.90	CN¥8.41	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): 7.38%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 53.58%
• Asset Turnover: 0.03x
• Equity Multiplier: 4.23x
Recent ROE (7.38%) is below the historical average (12.09%), 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	71.91%	48.65%	0.21x	7.14x	CN¥400.38 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	7.47%	26.60%	0.09x	2.98x	CN¥-151.32 Million
2011	3.71%	16.96%	0.09x	2.47x	CN¥-368.03 Million
2012	2.56%	15.51%	0.06x	2.74x	CN¥-442.42 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	13.64%	39.57%	0.10x	3.58x	CN¥503.69 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	8.32%	19.87%	0.10x	4.03x	CN¥-302.81 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
2025	7.38%	53.58%	0.03x	4.23x	CN¥-836.03 Million

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: $16,317,680,148
Average return on equity (ROE) among peers: 11.41%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
China Great Wall Securities Co Ltd Class A (002939)	CN¥33.12 Billion	29.52%	3.44x	$4.96 Billion
Shenwan Hongyuan Group Co Ltd (000166)	$3.11 Billion	47.71%	10.17x	$15.07 Billion
Northeast Securities Co Ltd (000686)	$3.06 Billion	29.82%	5.14x	$2.76 Billion
Guangdong Golden Dragon Development Inc (000712)	$509.15 Million	1.61%	2.12x	$1.23 Billion
Guoyuan Securities Co Ltd (000728)	$966.19 Million	4.83%	0.52x	$4.63 Billion
Sealand Securities Co Ltd (000750)	$377.05 Million	10.45%	0.41x	$3.48 Billion
GF Securities Co Ltd (000776)	$124.79 Billion	6.35%	3.95x	$18.51 Billion
Changjiang Securities Co Ltd (000783)	$1.87 Billion	-0.32%	0.57x	$6.51 Billion
Shanxi Securities Co Ltd (002500)	$17.71 Billion	4.54%	3.31x	$2.75 Billion
Western Securities Co Ltd (002673)	$4.46 Billion	2.67%	1.36x	$4.30 Billion
Huaxi Securities Co Ltd Class A (002926)	$6.33 Billion	6.39%	1.72x	$3.14 Billion

About China Great Wall Securities Co Ltd Class A

SHE:002939 China Capital Markets

Market Cap

$4.96 Billion

CN¥33.93 Billion CNY

Market Cap Rank

#3640 Global

#542 in China

Share Price

CN¥8.41

Change (1 day)

-0.47%

52-Week Range

CN¥7.84 - CN¥13.78

All Time High

CN¥17.18