Xiangcai Co Ltd (600095) - Net Assets
Based on the latest financial reports, Xiangcai Co Ltd (600095) has net assets worth CN¥12.31 Billion CNY (≈ $1.80 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¥49.58 Billion ≈ $7.25 Billion USD) and total liabilities (CN¥37.26 Billion ≈ $5.45 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 600095 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥12.31 Billion |
| % of Total Assets | 24.84% |
| Annual Growth Rate | 15.78% |
| 5-Year Change | -2.52% |
| 10-Year Change | 1522.14% |
| Growth Volatility | 194.07 |
Xiangcai Co Ltd - Net Assets Trend (1994–2025)
This chart illustrates how Xiangcai Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Xiangcai Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Xiangcai Co Ltd (1994–2025)
The table below shows the annual net assets of Xiangcai Co Ltd from 1994 to 2025. For live valuation and market cap data, see 600095 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥12.27 Billion ≈ $1.80 Billion |
+3.63% |
| 2024-12-31 | CN¥11.84 Billion ≈ $1.73 Billion |
-0.47% |
| 2023-12-31 | CN¥11.90 Billion ≈ $1.74 Billion |
+0.14% |
| 2022-12-31 | CN¥11.88 Billion ≈ $1.74 Billion |
-5.62% |
| 2021-12-31 | CN¥12.59 Billion ≈ $1.84 Billion |
+18.36% |
| 2020-12-31 | CN¥10.64 Billion ≈ $1.56 Billion |
+1095.60% |
| 2019-12-31 | CN¥889.72 Million ≈ $130.19 Million |
+14.79% |
| 2018-12-31 | CN¥775.12 Million ≈ $113.42 Million |
+1.49% |
| 2017-12-31 | CN¥763.75 Million ≈ $111.76 Million |
+0.94% |
| 2016-12-31 | CN¥756.64 Million ≈ $110.72 Million |
+1.05% |
| 2015-12-31 | CN¥748.75 Million ≈ $109.57 Million |
+1.19% |
| 2014-12-31 | CN¥739.94 Million ≈ $108.28 Million |
+0.50% |
| 2013-12-31 | CN¥736.26 Million ≈ $107.74 Million |
+4.60% |
| 2012-12-31 | CN¥703.90 Million ≈ $103.00 Million |
+3.74% |
| 2011-12-31 | CN¥678.51 Million ≈ $99.29 Million |
+1.90% |
| 2010-12-31 | CN¥665.84 Million ≈ $97.43 Million |
+0.99% |
| 2009-12-31 | CN¥659.35 Million ≈ $96.48 Million |
-12.86% |
| 2008-12-31 | CN¥756.69 Million ≈ $110.73 Million |
+1.70% |
| 2007-12-31 | CN¥744.01 Million ≈ $108.87 Million |
+5.86% |
| 2006-12-31 | CN¥702.85 Million ≈ $102.85 Million |
+3.17% |
| 2005-12-31 | CN¥681.28 Million ≈ $99.69 Million |
+7.97% |
| 2004-12-31 | CN¥631.01 Million ≈ $92.34 Million |
+0.64% |
| 2003-12-31 | CN¥626.99 Million ≈ $91.75 Million |
-0.35% |
| 2002-12-31 | CN¥629.17 Million ≈ $92.07 Million |
-1.51% |
| 2001-12-31 | CN¥638.85 Million ≈ $93.48 Million |
-7.64% |
| 2000-12-31 | CN¥691.70 Million ≈ $101.22 Million |
-6.39% |
| 1999-12-31 | CN¥738.91 Million ≈ $108.13 Million |
+42.60% |
| 1998-12-31 | CN¥518.15 Million ≈ $75.82 Million |
+12.12% |
| 1997-12-31 | CN¥462.15 Million ≈ $67.63 Million |
+158.46% |
| 1996-12-31 | CN¥178.81 Million ≈ $26.17 Million |
+22.73% |
| 1995-12-31 | CN¥145.70 Million ≈ $21.32 Million |
+11.54% |
| 1994-12-31 | CN¥130.62 Million ≈ $19.11 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Xiangcai 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 211770.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥917.92 Million | 7.49% |
| Common Stock | CN¥2.86 Billion | 23.32% |
| Other Comprehensive Income | CN¥1.60 Billion | 13.07% |
| Other Components | CN¥6.88 Billion | 56.12% |
| Total Equity | CN¥12.26 Billion | 100.00% |
Xiangcai Co Ltd Competitors by Market Cap
The table below lists competitors of Xiangcai Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PSK Inc
KQ:319660
|
$3.24 Billion |
|
ZF Commercial Vehicle Control Systems India Limited
NSE:ZFCVINDIA
|
$3.24 Billion |
|
Xenon Pharmaceuticals Inc
NASDAQ:XENE
|
$3.24 Billion |
|
Tegna Inc
NYSE:TGNA
|
$3.24 Billion |
|
Suzhou Hesheng Special Material Co Ltd
SHE:002290
|
$3.24 Billion |
|
Aehr Test Systems
NASDAQ:AEHR
|
$3.24 Billion |
|
EQB Inc.
TO:EQB
|
$3.23 Billion |
|
Yantai North Andre Juice Co Ltd
SHG:605198
|
$3.23 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xiangcai Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,823,145,632 to 12,259,583,545, a change of 436,437,913 (3.7%).
- Net income of 464,125,694 contributed positively to equity growth.
- Dividend payments of 196,189,960 reduced retained earnings.
- Share repurchases of 35,714,269 reduced equity.
- Other comprehensive income increased equity by 124,289,992.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥464.13 Million | +3.79% |
| Dividends Paid | CN¥196.19 Million | -1.6% |
| Share Repurchases | CN¥35.71 Million | -0.29% |
| Other Comprehensive Income | CN¥124.29 Million | +1.01% |
| Other Changes | CN¥79.93 Million | +0.65% |
| Total Change | CN¥- | 3.69% |
Book Value vs Market Value Analysis
This analysis compares Xiangcai 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: 1.80x
- 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 22.54x to 1.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CN¥0.34 | CN¥7.74 | x |
| 1995-12-31 | CN¥0.38 | CN¥7.74 | x |
| 1996-12-31 | CN¥0.47 | CN¥7.74 | x |
| 1997-12-31 | CN¥1.24 | CN¥7.74 | x |
| 1998-12-31 | CN¥1.40 | CN¥7.74 | x |
| 1999-12-31 | CN¥1.99 | CN¥7.74 | x |
| 2000-12-31 | CN¥1.77 | CN¥7.74 | x |
| 2001-12-31 | CN¥1.64 | CN¥7.74 | x |
| 2002-12-31 | CN¥1.66 | CN¥7.74 | x |
| 2003-12-31 | CN¥1.66 | CN¥7.74 | x |
| 2004-12-31 | CN¥1.68 | CN¥7.74 | x |
| 2005-12-31 | CN¥1.73 | CN¥7.74 | x |
| 2006-12-31 | CN¥1.78 | CN¥7.74 | x |
| 2007-12-31 | CN¥1.88 | CN¥7.74 | x |
| 2008-12-31 | CN¥1.92 | CN¥7.74 | x |
| 2009-12-31 | CN¥1.68 | CN¥7.74 | x |
| 2010-12-31 | CN¥1.71 | CN¥7.74 | x |
| 2011-12-31 | CN¥1.78 | CN¥7.74 | x |
| 2012-12-31 | CN¥1.87 | CN¥7.74 | x |
| 2013-12-31 | CN¥1.95 | CN¥7.74 | x |
| 2014-12-31 | CN¥1.97 | CN¥7.74 | x |
| 2015-12-31 | CN¥1.99 | CN¥7.74 | x |
| 2016-12-31 | CN¥2.01 | CN¥7.74 | x |
| 2017-12-31 | CN¥2.04 | CN¥7.74 | x |
| 2018-12-31 | CN¥2.06 | CN¥7.74 | x |
| 2019-12-31 | CN¥0.33 | CN¥7.74 | x |
| 2020-12-31 | CN¥4.05 | CN¥7.74 | x |
| 2021-12-31 | CN¥4.56 | CN¥7.74 | x |
| 2022-12-31 | CN¥4.15 | CN¥7.74 | x |
| 2023-12-31 | CN¥4.16 | CN¥7.74 | x |
| 2024-12-31 | CN¥4.14 | CN¥7.74 | x |
| 2025-12-31 | CN¥4.30 | CN¥7.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xiangcai 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): 3.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.27%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 3.59x
- Recent ROE (3.79%) is below the historical average (4.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 19.37% | 17.92% | 0.27x | 4.08x | CN¥11.63 Million |
| 1995 | 21.00% | 14.55% | 0.34x | 4.29x | CN¥15.10 Million |
| 1996 | 18.49% | 12.15% | 0.46x | 3.29x | CN¥14.30 Million |
| 1997 | 10.17% | 15.49% | 0.33x | 1.99x | CN¥764.70K |
| 1998 | 6.68% | 11.03% | 0.33x | 1.83x | CN¥-16.79 Million |
| 1999 | 7.91% | 14.38% | 0.32x | 1.72x | CN¥-15.05 Million |
| 2000 | 2.78% | 7.97% | 0.14x | 2.44x | CN¥-46.25 Million |
| 2001 | -21.51% | -52.98% | 0.15x | 2.66x | CN¥-186.23 Million |
| 2002 | 1.01% | 2.66% | 0.16x | 2.42x | CN¥-53.99 Million |
| 2003 | 1.03% | 2.16% | 0.31x | 1.53x | CN¥-53.92 Million |
| 2004 | 0.62% | 1.37% | 0.29x | 1.57x | CN¥-56.80 Million |
| 2005 | 1.35% | 3.34% | 0.20x | 2.05x | CN¥-53.90 Million |
| 2006 | 3.20% | 7.21% | 0.19x | 2.32x | CN¥-43.82 Million |
| 2007 | 4.77% | 5.10% | 0.45x | 2.07x | CN¥-35.56 Million |
| 2008 | 1.51% | 2.60% | 0.31x | 1.84x | CN¥-58.82 Million |
| 2009 | -13.78% | -24.80% | 0.26x | 2.14x | CN¥-144.57 Million |
| 2010 | 2.21% | 3.00% | 0.38x | 1.96x | CN¥-48.20 Million |
| 2011 | 3.19% | 7.12% | 0.22x | 2.00x | CN¥-43.66 Million |
| 2012 | 3.63% | 8.15% | 0.19x | 2.30x | CN¥-43.01 Million |
| 2013 | 4.71% | 6.28% | 0.37x | 2.05x | CN¥-37.19 Million |
| 2014 | 1.62% | 2.75% | 0.35x | 1.69x | CN¥-59.72 Million |
| 2015 | 2.03% | 5.80% | 0.22x | 1.59x | CN¥-57.31 Million |
| 2016 | 2.11% | 6.29% | 0.22x | 1.54x | CN¥-57.37 Million |
| 2017 | 2.85% | 9.92% | 0.19x | 1.49x | CN¥-52.63 Million |
| 2018 | 2.03% | 5.25% | 0.29x | 1.35x | CN¥-59.30 Million |
| 2019 | 37.97% | 21.18% | 1.37x | 1.31x | CN¥238.70 Million |
| 2020 | 3.36% | 16.19% | 0.07x | 2.99x | CN¥-703.63 Million |
| 2021 | 3.87% | 12.13% | 0.11x | 2.81x | CN¥-770.35 Million |
| 2022 | -2.75% | -10.89% | 0.09x | 2.93x | CN¥-1.51 Billion |
| 2023 | 1.01% | 6.56% | 0.06x | 2.78x | CN¥-1.07 Billion |
| 2024 | 0.92% | 6.33% | 0.04x | 3.26x | CN¥-1.07 Billion |
| 2025 | 3.79% | 19.27% | 0.05x | 3.59x | CN¥-761.83 Million |
Industry Comparison
This section compares Xiangcai Co Ltd's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $22,415,466,843
- Average return on equity (ROE) among peers: 8.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xiangcai Co Ltd (600095) | CN¥12.31 Billion | 19.37% | 3.03x | $3.24 Billion |
| Shenwan Hongyuan Group Co Ltd (000166) | $57.01 Billion | 8.07% | 4.26x | $14.54 Billion |
| Northeast Securities Co Ltd (000686) | $16.15 Billion | 6.24% | 3.22x | $2.67 Billion |
| Guangdong Golden Dragon Development Inc (000712) | $3.72 Billion | 1.44% | 1.80x | $1.19 Billion |
| Guoyuan Securities Co Ltd (000728) | $32.31 Billion | 5.91% | 2.55x | $4.49 Billion |
| Sealand Securities Co Ltd (000750) | $518.14 Million | -24.92% | 1.22x | $3.36 Billion |
| GF Securities Co Ltd (000776) | $79.82 Billion | 16.54% | 4.25x | $17.83 Billion |
| Changjiang Securities Co Ltd (000783) | $17.02 Billion | 20.52% | 4.85x | $6.33 Billion |
| Shanxi Securities Co Ltd (002500) | $13.22 Billion | 10.88% | 2.64x | $2.67 Billion |
| Western Securities Co Ltd (002673) | $2.00 Billion | 20.00% | 2.81x | $4.21 Billion |
| Huaxi Securities Co Ltd Class A (002926) | $2.39 Billion | 19.38% | 3.45x | $3.05 Billion |
About Xiangcai Co Ltd
Xiangcai Co.,Ltd. provides securities services in China. The company offers securities brokerage; securities investment consulting; financial advisory related to securities trading and securities investment activities; securities underwriting and sponsorship; securities proprietary trading; securities asset management; securities investment fund agency sales; margin trading and securities lending… Read more