Sinolink Securities Co Ltd

SHG:600109 China Asset Management
Market Cap
$4.45 Billion
CN¥32.68 Billion CNY
Market Cap Rank
#3933 Global
#357 in China
Share Price
CN¥8.82
Change (1 day)
-0.45%
52-Week Range
CN¥7.63 - CN¥10.52
All Time High
CN¥18.86
Categories
Companies in China Asset Management Banking & Financial
About

Sinolink Securities Co., Ltd. provides investment banking and securities brokerage services in China. It operates through five business segments: Wealth Management Business, Investment Banking Business, Institutional Services Business, Asset Business, and Proprietary Investment Business. The company offers commission treasure, research consulting, fixed income, national gold index, investment ban… Read more

Sinolink Securities Co Ltd (600109) - Net Assets

Latest net assets as of September 2025: CN¥35.14 Billion CNY

Based on the latest financial reports, Sinolink Securities Co Ltd (600109) has net assets worth CN¥35.14 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¥146.07 Billion) and total liabilities (CN¥110.93 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¥35.14 Billion
% of Total Assets 24.05%
Annual Growth Rate 26.86%
5-Year Change 50.64%
10-Year Change 105.59%
Growth Volatility 268.67

Sinolink Securities Co Ltd - Net Assets Trend (2002–2024)

This chart illustrates how Sinolink Securities Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Sinolink Securities Co Ltd (2002–2024)

The table below shows the annual net assets of Sinolink Securities Co Ltd from 2002 to 2024.

Year Net Assets Change
2024-12-31 CN¥33.95 Billion +3.53%
2023-12-31 CN¥32.80 Billion +4.67%
2022-12-31 CN¥31.33 Billion +27.86%
2021-12-31 CN¥24.50 Billion +8.71%
2020-12-31 CN¥22.54 Billion +8.43%
2019-12-31 CN¥20.79 Billion +6.28%
2018-12-31 CN¥19.56 Billion +3.57%
2017-12-31 CN¥18.89 Billion +7.60%
2016-12-31 CN¥17.55 Billion +6.29%
2015-12-31 CN¥16.52 Billion +67.07%
2014-12-31 CN¥9.89 Billion +46.13%
2013-12-31 CN¥6.77 Billion +6.55%
2012-12-31 CN¥6.35 Billion +95.32%
2011-12-31 CN¥3.25 Billion +7.53%
2010-12-31 CN¥3.02 Billion +16.48%
2009-12-31 CN¥2.60 Billion +19.64%
2008-12-31 CN¥2.17 Billion -27.17%
2007-12-31 CN¥2.98 Billion +1299.84%
2006-12-31 CN¥212.76 Million -10.00%
2005-12-31 CN¥236.40 Million +2.04%
2004-12-31 CN¥231.67 Million +16.25%
2003-12-31 CN¥199.28 Million +10.20%
2002-12-31 CN¥180.83 Million --

Equity Component Analysis

This analysis shows how different components contribute to Sinolink Securities 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 15878738.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥11.30 Billion 33.51%
Common Stock CN¥3.71 Billion 11.01%
Other Comprehensive Income CN¥6.10 Billion 18.07%
Other Components CN¥12.62 Billion 37.41%
Total Equity CN¥33.73 Billion 100.00%

Sinolink Securities Co Ltd Competitors by Market Cap

The table below lists competitors of Sinolink Securities Co Ltd ranked by their market capitalization.

Company Market Cap
Hayward Holdings Inc
NYSE:HAYW
 		$3.03 Billion
Getinge AB ser. B
ST:GETI-B
 		$3.03 Billion
Azrieli Group Ltd
OTCGREY:AZRGF
 		$3.03 Billion
Standex International Corporation
NYSE:SXI
 		$3.03 Billion
Tube Investments of India Limited
NSE:TIINDIA
 		$3.03 Billion
HASEKO Corporation
F:HS6
 		$3.03 Billion
IGO Ltd
AU:IGO
 		$3.03 Billion
Shan Dong Dong-E E-Jiao Co Ltd
SHE:000423
 		$3.03 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Sinolink Securities Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 32,566,113,424 to 33,731,330,313, a change of 1,165,216,889 (3.6%).
  • Net income of 1,670,271,000 contributed positively to equity growth.
  • Dividend payments of 1,280,538,648 reduced retained earnings.
  • Other comprehensive income increased equity by 661,738,893.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.67 Billion +4.95%
Dividends Paid CN¥1.28 Billion -3.8%
Other Comprehensive Income CN¥661.74 Million +1.96%
Other Changes CN¥113.75 Million +0.34%
Total Change CN¥- 3.58%

Book Value vs Market Value Analysis

This analysis compares Sinolink Securities 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: 0.97x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
  • The price-to-book ratio has decreased from 51.25x to 0.97x 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¥0.17 CN¥8.82 x
1995-12-31 CN¥0.18 CN¥8.82 x
1996-12-31 CN¥0.18 CN¥8.82 x
1997-12-31 CN¥0.20 CN¥8.82 x
1998-12-31 CN¥0.22 CN¥8.82 x
1999-12-31 CN¥0.13 CN¥8.82 x
2000-12-31 CN¥0.07 CN¥8.82 x
2001-12-31 CN¥0.02 CN¥8.82 x
2002-12-31 CN¥0.19 CN¥8.82 x
2003-12-31 CN¥0.20 CN¥8.82 x
2004-12-31 CN¥0.22 CN¥8.82 x
2005-12-31 CN¥0.22 CN¥8.82 x
2006-12-31 CN¥0.22 CN¥8.82 x
2007-12-31 CN¥1.43 CN¥8.82 x
2008-12-31 CN¥1.08 CN¥8.82 x
2009-12-31 CN¥1.29 CN¥8.82 x
2010-12-31 CN¥1.51 CN¥8.82 x
2011-12-31 CN¥1.62 CN¥8.82 x
2012-12-31 CN¥3.17 CN¥8.82 x
2013-12-31 CN¥2.60 CN¥8.82 x
2014-12-31 CN¥3.81 CN¥8.82 x
2015-12-31 CN¥5.59 CN¥8.82 x
2016-12-31 CN¥5.78 CN¥8.82 x
2017-12-31 CN¥6.22 CN¥8.82 x
2018-12-31 CN¥6.44 CN¥8.82 x
2019-12-31 CN¥6.85 CN¥8.82 x
2020-12-31 CN¥7.43 CN¥8.82 x
2021-12-31 CN¥8.07 CN¥8.82 x
2022-12-31 CN¥8.92 CN¥8.82 x
2023-12-31 CN¥8.75 CN¥8.82 x
2024-12-31 CN¥9.13 CN¥8.82 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Sinolink Securities 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): 4.95%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 25.47%
  • • Asset Turnover: 0.05x
  • • Equity Multiplier: 3.56x
  • Recent ROE (4.95%) is below the historical average (6.20%), 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 9.30% 1.27% 2.06x 3.55x CN¥-677.77K
1995 10.71% 1.15% 2.36x 3.96x CN¥722.30K
1996 11.36% 1.24% 2.80x 3.28x CN¥1.41 Million
1997 10.27% 1.29% 2.46x 3.23x CN¥301.45K
1998 9.06% 1.27% 2.46x 2.89x CN¥-1.16 Million
1999 -37.54% -3.56% 2.59x 4.08x CN¥-34.36 Million
2000 -78.07% -3.99% 2.89x 6.79x CN¥-35.25 Million
2001 9.02% 0.20% 2.33x 19.05x CN¥-141.41K
2002 4.69% 1.44% 1.85x 1.77x CN¥-9.60 Million
2003 6.52% 4.07% 0.90x 1.78x CN¥-6.74 Million
2004 6.41% 7.58% 0.32x 2.61x CN¥-7.41 Million
2005 0.52% 2.02% 0.10x 2.67x CN¥-19.38 Million
2006 41.40% 21.33% 0.82x 2.38x CN¥56.77 Million
2007 23.10% 24.63% 0.18x 5.25x CN¥212.90 Million
2008 34.92% 50.29% 0.21x 3.32x CN¥539.66 Million
2009 19.93% 35.68% 0.13x 4.25x CN¥257.23 Million
2010 14.52% 26.11% 0.15x 3.65x CN¥136.44 Million
2011 7.14% 19.42% 0.13x 2.73x CN¥-92.70 Million
2012 4.33% 17.03% 0.13x 1.99x CN¥-359.80 Million
2013 4.70% 20.26% 0.11x 2.03x CN¥-356.91 Million
2014 8.48% 30.74% 0.10x 2.66x CN¥-150.40 Million
2015 14.32% 35.28% 0.12x 3.42x CN¥711.92 Million
2016 7.42% 27.95% 0.10x 2.74x CN¥-450.98 Million
2017 6.38% 27.26% 0.10x 2.23x CN¥-682.23 Million
2018 5.18% 22.79% 0.10x 2.39x CN¥-938.48 Million
2019 6.27% 29.96% 0.09x 2.42x CN¥-773.72 Million
2020 8.29% 27.54% 0.10x 3.01x CN¥-383.90 Million
2021 9.49% 28.11% 0.09x 3.62x CN¥-125.34 Million
2022 3.85% 17.71% 0.07x 3.28x CN¥-1.91 Billion
2023 5.28% 21.48% 0.07x 3.59x CN¥-1.54 Billion
2024 4.95% 25.47% 0.05x 3.56x CN¥-1.70 Billion

Industry Comparison

This section compares Sinolink Securities Co Ltd's net assets metrics with peer companies in the Asset Management industry.

Industry Context

  • Industry: Asset Management
  • Average net assets among peers: $4,443,993,442
  • Average return on equity (ROE) among peers: 7.48%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Sinolink Securities Co Ltd (600109) CN¥35.14 Billion 9.30% 3.16x $3.03 Billion
Zhuhai Huajin Capital Co Ltd (000532) $668.28 Million 7.19% 0.33x $345.30 Million
Shaanxi International Trust Co Ltd (000563) $11.80 Billion 5.81% 0.40x $1.38 Billion
Sichuan Shuangma Cement Co Ltd (000935) $7.55 Billion 4.10% 0.19x $1.32 Billion
Kunwu Jiuding Investment Holdings Co Ltd (600053) $2.78 Billion 2.23% 0.19x $258.87 Million
Anhui Xinli Finance Co Ltd (600318) $2.10 Billion 1.36% 0.96x $434.82 Million
Shanghai AJ Group Co Ltd (600643) $1.25 Billion 8.42% 0.47x $499.52 Million
Shanghai Guijiu Co Ltd (600696) $864.83 Million 10.07% 1.64x $26.88 Million
Anxin Trust Co Ltd (600816) $188.32 Million 4.08% 1.68x $1.81 Billion
Caitong Securities Co Ltd (601108) $12.80 Billion 24.02% 4.01x $3.22 Billion