Ruida Futures
Ruida Futures Co.,Ltd. operates as a futures company in China. The company engages in futures brokerage, asset management, futures trading consulting, risk management, overseas financial business, and securities investment fund businesses. It serves enterprises, licensed financial institutions, industrial and high-net-worth customers, and institutional, individual, and professional investors. The… Read more
Ruida Futures (002961) - Net Assets
Latest net assets as of September 2025: CN¥3.15 Billion CNY
Based on the latest financial reports, Ruida Futures (002961) has net assets worth CN¥3.15 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¥20.44 Billion) and total liabilities (CN¥17.29 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¥3.15 Billion |
| % of Total Assets | 15.4% |
| Annual Growth Rate | 15.2% |
| 5-Year Change | 47.96% |
| 10-Year Change | 215.18% |
| Growth Volatility | 9.47 |
Ruida Futures - Net Assets Trend (2012–2024)
This chart illustrates how Ruida Futures's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ruida Futures (2012–2024)
The table below shows the annual net assets of Ruida Futures from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.93 Billion | +8.66% |
| 2023-12-31 | CN¥2.70 Billion | +5.53% |
| 2022-12-31 | CN¥2.56 Billion | +6.39% |
| 2021-12-31 | CN¥2.40 Billion | +21.30% |
| 2020-12-31 | CN¥1.98 Billion | +16.00% |
| 2019-12-31 | CN¥1.71 Billion | +24.85% |
| 2018-12-31 | CN¥1.37 Billion | +5.23% |
| 2017-12-31 | CN¥1.30 Billion | +13.83% |
| 2016-12-31 | CN¥1.14 Billion | +22.79% |
| 2015-12-31 | CN¥930.32 Million | +38.52% |
| 2014-12-31 | CN¥671.62 Million | +9.97% |
| 2013-12-31 | CN¥610.72 Million | +13.78% |
| 2012-12-31 | CN¥536.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ruida Futures'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 10402.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.55 Billion | 53.71% |
| Common Stock | CN¥445.03 Million | 15.39% |
| Other Components | CN¥893.17 Million | 30.90% |
| Total Equity | CN¥2.89 Billion | 100.00% |
Ruida Futures Competitors by Market Cap
The table below lists competitors of Ruida Futures ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hangzhou AGS MedTech Co. Ltd. A
SHG:688581
|
$424.94 Million |
|
Mangalore Refinery and Petrochemicals Limited
NSE:MRPL
|
$425.02 Million |
|
XP POWER LTD. LS-01
F:4XP
|
$425.04 Million |
|
NEURONES SA NOM. EO 040
F:NE9
|
$425.06 Million |
|
Shanghai Highly Group Co Ltd B
SHG:900910
|
$424.87 Million |
|
Tanac Automation Co Ltd
SHE:300461
|
$424.72 Million |
|
Vulcan Energy Resources Limited
PINK:VULNF
|
$424.48 Million |
|
Neurones
PA:NRO
|
$424.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ruida Futures's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,658,457,011 to 2,890,843,758, a change of 232,386,747 (8.7%).
- Net income of 382,608,600 contributed positively to equity growth.
- Dividend payments of 172,955,391 reduced retained earnings.
- Other comprehensive income decreased equity by 108,027,098.
- Other factors increased equity by 130,760,636.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥382.61 Million | +13.24% |
| Dividends Paid | CN¥172.96 Million | -5.98% |
| Other Comprehensive Income | CN¥-108.03 Million | -3.74% |
| Other Changes | CN¥130.76 Million | +4.52% |
| Total Change | CN¥- | 8.74% |
Book Value vs Market Value Analysis
This analysis compares Ruida Futures'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: 4.01x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 14.72x to 4.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥1.77 | CN¥26.05 | x |
| 2013-12-31 | CN¥1.49 | CN¥26.05 | x |
| 2014-12-31 | CN¥1.66 | CN¥26.05 | x |
| 2015-12-31 | CN¥2.34 | CN¥26.05 | x |
| 2016-12-31 | CN¥2.85 | CN¥26.05 | x |
| 2017-12-31 | CN¥3.27 | CN¥26.05 | x |
| 2018-12-31 | CN¥3.46 | CN¥26.05 | x |
| 2019-12-31 | CN¥3.84 | CN¥26.05 | x |
| 2020-12-31 | CN¥4.45 | CN¥26.05 | x |
| 2021-12-31 | CN¥5.25 | CN¥26.05 | x |
| 2022-12-31 | CN¥5.66 | CN¥26.05 | x |
| 2023-12-31 | CN¥6.00 | CN¥26.05 | x |
| 2024-12-31 | CN¥6.50 | CN¥26.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ruida Futures 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): 13.24%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.74%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 5.55x
- Recent ROE (13.24%) is below the historical average (14.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 15.25% | 32.44% | 0.11x | 4.35x | CN¥28.19 Million |
| 2013 | 12.11% | 29.74% | 0.09x | 4.41x | CN¥12.88 Million |
| 2014 | 15.02% | 32.40% | 0.09x | 5.40x | CN¥33.73 Million |
| 2015 | 27.75% | 44.54% | 0.08x | 8.24x | CN¥165.11 Million |
| 2016 | 18.60% | 45.76% | 0.09x | 4.70x | CN¥98.23 Million |
| 2017 | 12.22% | 30.96% | 0.10x | 4.00x | CN¥28.85 Million |
| 2018 | 8.38% | 24.76% | 0.11x | 3.17x | CN¥-22.10 Million |
| 2019 | 7.07% | 12.70% | 0.15x | 3.74x | CN¥-50.02 Million |
| 2020 | 12.56% | 18.25% | 0.12x | 5.73x | CN¥50.68 Million |
| 2021 | 21.32% | 23.26% | 0.12x | 7.33x | CN¥267.54 Million |
| 2022 | 11.66% | 13.64% | 0.14x | 6.24x | CN¥41.84 Million |
| 2023 | 9.17% | 25.35% | 0.07x | 5.20x | CN¥-22.03 Million |
| 2024 | 13.24% | 20.74% | 0.12x | 5.55x | CN¥93.52 Million |
Industry Comparison
This section compares Ruida Futures's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $11,344,603,876
- Average return on equity (ROE) among peers: 8.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ruida Futures (002961) | CN¥3.15 Billion | 15.25% | 5.49x | $424.92 Million |
| Shenwan Hongyuan Group Co Ltd (000166) | $22.66 Billion | 20.66% | 5.15x | $10.62 Billion |
| Northeast Securities Co Ltd (000686) | $461.67 Million | 2.59% | 0.21x | $1.48 Billion |
| Guangdong Golden Dragon Development Inc (000712) | $73.08 Million | 14.30% | 0.84x | $918.81 Million |
| Sealand Securities Co Ltd (000750) | $3.01 Billion | 4.43% | 2.79x | $2.84 Billion |
| Changjiang Securities Co Ltd (000783) | $34.77 Billion | 4.45% | 3.91x | $3.30 Billion |
| Holly Futures Co. Ltd. A (001236) | $1.68 Billion | 4.77% | 3.81x | $574.81 Million |
| Shanxi Securities Co Ltd (002500) | $13.26 Billion | 3.08% | 2.89x | $1.46 Billion |
| Western Securities Co Ltd (002673) | $3.12 Billion | 17.19% | 2.98x | $2.22 Billion |
| Huaxi Securities Co Ltd Class A (002926) | $6.33 Billion | 6.39% | 1.72x | $1.40 Billion |
| China Great Wall Securities Co Ltd Class A (002939) | $28.08 Billion | 3.20% | 2.57x | $1.51 Billion |